CNBC business news update. Market open. I'm Jessica Edinger and major averages are all higher.Out of the gate, the Dow up 113 points. Merc shares leading it higher. They're up almost 10%.The S&P 500 index up 22 points. The Nasdaq up 19 points. Chipmaker shares mostly in the red.Qualcomm popping one and a half% this morning. Bond yields are lower after what was to some an alarming pop. More on the new Treasury buybacks announced today from CNBC's Andrew Ross Orcin and Becky Quick.The Treasury Department is d ...