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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email47% of CNBC All-America Economic Survey respondents support a TikTok ban or saleCNBC's Steve Liesman, Yale University lecturer Joanne Lipman and NYU's Center For Social Media and Politics co-director Josh Tucker join 'Squawk Box' to discuss the latest results from CNBC's All-America Economic Survey on the fight over TikTok, the impact of a possible forced sale or nationwide ban, and more.
Persons: Steve Liesman, Joanne Lipman, Josh Tucker, TikTok Organizations: CNBC, America Economic, Yale University, NYU's, Social Media, Politics, America Economic Survey
watch nowNearly half of Americans are concerned enough about TikTok being a threat to national security that they support banning the social media service or forcing a sale to a non-Chinese company, according to the latest CNBC All-America Economic Survey. The nationwide survey of 1,001 Americans revealed that 20% of participants said TikTok should be banned no matter what. Of survey participants who are also daily TikTok users, about two-thirds think the government should not prohibit the social media app. Known as "shoelover99" on the social media app, Nichols boasts more than 12.5 million followers. Differences among political linesAmong survey participants, 40% of Democrats were in favor of a ban or forced sale, while 38% were opposed.
Persons: it's, ByteDance, Shou Zi Chew, Ophelia Nichols, Nichols, TikTok didn't, Donald Trump Organizations: CNBC, America Economic Survey, Senate, U.S . Capitol, Capitol Locations: American, It's, Alabama
Evelyn Hockstein | David Swanson | ReutersAmericans' views on the economy have improved modestly, according to the latest CNBC All-America Economic Survey, helping President Biden pull even with Donald Trump in a head-to-head matchup. But former President Trump holds a commanding lead on several economic issues, like inflation, taxes and immigration, that voters say are most important in this election. The survey of 1,001 Americans across the country showed 46% of voters choose Trump and 45% picking Biden in a one-on-one match with 10% undecided. Younger Democrats, in fact, are evenly split on the presidents handling of foreign policy. While those issues look to be dragging on the president's approval, he has received a boost from somewhat better overall views on the economy.
Persons: Joe Biden, Donald Trump, Evelyn Hockstein, David Swanson, Biden, Trump, Jay Campbell, Hart, Micah Roberts, it's, they've Organizations: Reuters, CNBC, America Economic Survey, Trump, Biden, Hart Research, Democratic, Republican
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Survey: Majority say they'll be financially better off if Trump wins the presidencyCNBC's Steve Liesman reports on the economic paradox from CNBC's latest All-America Economic Survey.
Persons: they'll, Steve Liesman Organizations: CNBC, Trump, America Economic Survey
U.S. President Joe Biden delivers remarks at the St. John Baptist Church in Columbia, South Carolina, on Jan. 28, 2024. The White House cheered the Conference Board report on Tuesday showing consumer confidence rising to its highest level in more than two years. Consumer confidence reached its highest level since December 2021, and was up more than 30% since its April 2020 low of 85.7. The Conference Board's consumer confidence index rose for a third straight month to 114.8 in January, up from a revised 108 in December 2023. Despite the increasing consumer sentiment, just 33% of voters approve of Biden's handling of the economy, according to CNBC's All-America Economic Survey in December.
Persons: Joe Biden, Lael Brainard, Donald Trump, Biden's, Trump Organizations: St, John Baptist Church, Economic, Biden Administration, America Economic Survey, CNBC, Biden, Trump, CNBC PRO Locations: Columbia , South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConfidence in stock market falls: Americans see more uncertainty than normalCNBC's Steve Liesman reports on the latest All-America Economic Survey, which shows that Americans' confidence in the stock market is dropping as the economic outlook becomes more uncertain.
Persons: Steve Liesman Organizations: America Economic Survey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email41% of Americans don't feel effect of higher interest rates, finds CNBC All-American Economic SurveyCNBC's Steve Liesman joins 'The Exchange' to discuss findings from the CNBC All America Economic Survey regarding credit card debt payments and large purchases.
Persons: Steve Liesman Organizations: CNBC, America Economic Survey
Former President Donald Trump's social media company is promoting President Joe Biden's campaign account on the platform, as the two politicians gear up for a possible election rematch. You can find their account @BidenHQ here," Truth Social said in an email sent to users Wednesday. The email also noted that Trump's campaign account is on Truth Social. Trump's campaign account has gained 19,000 followers since its creation in February 2022. Truth Social, meanwhile, is still waiting to become part of a public company under Trump Media and Technology Group.
Persons: Joe Biden, Donald Trump's, Joe Biden's, Trump, Biden, Elon Musk, DWAC, Brandon Organizations: White, Washington , D.C, Truth, Trump, GOP, Biden, Capitol, Trump Media, Technology Group, CNBC, America Economic Survey Locations: Washington ,
The CNBC All-America Economic Survey also finds support for President Joe Biden at nearly all-time lows and that he would lose by 4 points to former President Donald Trump in a head-to-head race. A smaller, but still solid 61% majority respond that it's important to fund military aid to Ukraine compared with 52% who support military and economic aid to Taiwan. Falling Biden supportMeanwhile, a combination of negative views on the economy and geopolitical tensions looks to be eroding support for President Biden. It's the highest disapproval and second-lowest approval rating of Biden's presidency. Zoom In Icon Arrows pointing outwardsBiden's 32% approval rating on the economy is the lowest of his presidency, while the 63% economic disapproval rating is the second lowest.
Persons: Joe Biden, Benjamin Netanyahu, Evelyn Hockstein, Donald Trump, Biden, Micah Roberts, Republican pollster, Jay Campbell, Campbell Organizations: Israeli, Hamas, Reuters, American, Israel, CNBC, America Economic, NBC, U.S, Republican, Hart Research Associates, Democratic, Trump Locations: Israel, Tel Aviv, U.S, Gaza, Mexico, Ukraine, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas War: 39% say America should favor Israel, survey findsCNBC’s Steve Liesman joins 'Squawk Box' to break down results from CNBC’s All-America Economic Survey.
Persons: Steve Liesman Organizations: Israel, America Economic Survey Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's All-America Economic Survey: Support for President Biden nears all-time lowCNBC's Steve Liesman joins 'The Exchange' to discuss the American public's response to Biden pledging military aid for Israel, division of priorities among the parties, and how the 2024 presidential nominees match-up.
Persons: Biden, Steve Liesman Organizations: America Economic Survey Locations: Israel
But history has shown that inflation is stubborn and can last longer than expected once it becomes elevated and entrenched. "We can feel confident that inflation is moving in the right direction," said Mark Zandi, chief economist at Moody's Analytics. For instance, housing-related costs, which make up about one-third of the inflation index weighting, are dropping. In particular, they don't want to declare 'mission accomplished' too soon," he said Wednesday during an interview on CNBC's "Squawk on the Street." watch nowAt the macro level, the Fed rate hikes have appeared to do minimal damage.
Persons: Mandel Ngan, Dow Jones, Mark Zandi, Zandi, they're, Richard Clarida isn't, Clarida, Joe Biden, Patrick Reilly, Banks, Reilly, John Williams of, Patrick Harker Organizations: AFP, Getty, Federal Reserve, CPI, Moody's, Federal, of Labor Statistics, AAA, Atlanta Fed, CNBC, America Economic Survey Locations: Bethesda , Maryland, John Williams of New York, Philadelphia
In every single demographic group, majorities are now uncomfortable with AI, in some cases considerably more than they were in 2016. Americans in the 18-34 age group, once net positive on AI, are now net negative by 20 points. Americans with incomes less than $30,000 and with incomes greater than $75,000 alike have significantly greater discomfort with AI than in 2016. Americans express discomfort with AI in several of the major places where they likely already or might soon encounter it. Sixty-six percent are uncomfortable with AI in customer service; 65% in medical diagnosis and 76% when it comes to self-driving cars.
Organizations: CNBC
As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. Morgan Stanley's revision came at a pivotal time for the Biden White House. "Together we are transforming the country, not just through jobs, not just through manufacturing, but also by rebuilding our infrastructure," Biden said Thursday during a visit to a Philadelphia shipyard. The White House has dubbed this brick-and-mortar economic growth formula "Bidenomics," a phrase originally used by Republicans to jab the president, who co-opted the term as a badge of honor. "This report confirms what we've long said: Our strong and resilient economy is Bidenomics in action," White House assistant press secretary Mike Kikukawa said in an email to CNBC.
Persons: Joe Biden, Jill Biden, WASHINGTON — Morgan Stanley, Joe Biden's, Ellen Zentner, Morgan Stanley, That's, Zentner, Morgan Stanley's, Biden, Kevin McCarthy, Mike Kikukawa Organizations: Marine, WASHINGTON, Biden's Infrastructure Investment, Jobs, Biden White House, Philadelphia shipyard, CNBC, America Economic Survey, Republicans, House Locations: Washington , DC, U.S, Philadelphia, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC All-America Economic Survey finds Americans getting more uncomfortable about A.I. CNBC's Steve Liesman joins 'The Exchange' to discuss public opinion on AI and the results from CNBC All-America Economic Survey.
Persons: Steve Liesman Organizations: CNBC, America Economic Survey
US President Joe Biden speaks about his economic plan "Bidenomics" at the Philly Shipyard, in Philadelphia, Pennsylvania, on July 20, 2023. But the choreographed excitement and stagecraft on display in Philadelphia belied a different sentiment among voters about what's been dubbed "Bidenomics." "Together we are transforming the country, not just through jobs, not just through manufacturing, but also by rebuilding our infrastructure," Biden told a crowd of hardhat-wearing union workers who stood atop steel beams three storeys high. We've got a long way to go on the economy," Biden told the shipbuilders. "I'm here to say we have more work to do, but we have a plan that's turning things around pretty quickly."
Persons: Joe Biden, what's, I've, Biden, Patrick Murray, it's, Biden hasn't, Jennifer Granholm, Xavier Becerra, Jill Biden, We've Organizations: Philly Shipyard, CNBC, America Economic Survey, Monmouth University, Biden, Monmouth University Polling Institute, Energy, Human Services, Citigroup Locations: Philadelphia , Pennsylvania, Philadelphia, America, Philly, U.S, Monmouth, North Carolina, South Carolina, Georgia, Tennessee, Ohio , Michigan, New York
The president's economic approval rating inched up by 3 percentage points compared with the prior survey in April, with a 4-point drop in disapproval. Zoom In Icon Arrows pointing outwardsThe survey showed small gains in Americans' views on the economy, though to levels that remain depressed. The percentage of Americans saying the economy is excellent or good rose 6 points to a still-low 20%. And Americans believe Republicans have better policies than Democrats to handle the key economic issues, often by substantial margins. Republicans lead Democrats by double digits when asked which party would do a better job on the economy, inflation and improving the respondent's personal financial situation.
Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Jay Campbell, Campbell, , Biden, Micah Roberts, Republican pollster, That's Organizations: Flex, White, CNBC, America Economic, Hart Research, Democratic, Republicans, Republican Locations: U.S, West Columbia, South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email79% of Americans say economy is in fair or poor state, CNBC survey findsCNBC's Steve Liesman reports on the data from CNBC's All-America Economic Survey.
Persons: Steve Liesman Organizations: CNBC, America Economic Survey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden’s economic approval rating rises slightly, but is still just 37% despite ‘Bidenomics’ pushCNBC's Steve Liesman joins 'Squawk Box' to break down results from CNBC's All-America Economic Survey.
Persons: Steve Liesman Organizations: America Economic Survey
Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, April 13, 2023. Zoom In Icon Arrows pointing outwards CNBCA quarter of those polled said they are less likely to vote for the former president due to the indictment. Women – especially younger women – Black Americans and those with college and post-graduate degrees are most likely to say their vote has been affected. The survey, which polled 1,000 people across the country, was conducted between April 6 and April 11 and has a margin of error of +/-3.1%. It was overwhelmingly supported by Democrats, but also 64% of younger Americans, 60% of women and 54% of Independents.
It's just ridiculous that anybody would buy this stuff," Munger, 99, told CNBC's Becky Quick during a livestream of the event, adding: "It's totally absolutely crazy, stupid gambling." "I think the people who oppose my position are idiots, so I don't think there is a rational argument against my position," he said. Munger's comments come amid an avalanche of problems for crypto investors over the past year. He's previously urged the U.S. government to ban cryptocurrencies, and may partially get his wish as the crypto industry faces rising regulatory crackdowns. "In other words, an adviser may custody crypto assets at a bank, but banks are cautioned by their regulators not to custody crypto assets," Uyeda wrote.
BOGOTA, Jan 27 (Reuters) - Colombia's central bank board is set to raise its benchmark interest rate at its meeting on Friday, in a final attempt to control high inflation, and in spite of slowing growth predicted for this year. In any of the three scenarios the interest rate would be the highest it has been since November 1999. Analysts said the top argument for policymakers to raise the rate is a 24-year inflation high. The policymakers have increased the rate by a total of 1,025 basis points since the tightening cycle began in September 2021. Analysts have predicted the board will begin cutting the rate mid-year, taking it to 11% by the end of 2023 and 7% in 2024.
In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. Just 8% of Americans have a positive view of cryptocurrency as of Nov. 2022, according to the CNBC All-America Economic Survey. Overall, the crypto market has lost a little over $2 trillion in 2022 and popular digital coins such as bitcoin have fallen far below their 2021 highs. Here's how much the value of seven popular cryptocurrencies changed in 2022 as of Dec. 22, per CNBC's calculations. For this reason, financial experts typically advise against investing more into crypto than you're willing to potentially lose.
An overwhelming majority (78%) of America's entrepreneurs say they expect inflation to continue to rise, according to the quarterly CNBC|SurveyMonkey Small Business Survey. That is effectively unchanged from last quarter when 77% said they expected inflation to continue to rise. Regardless of the economic tailwinds, inflation remains top of mind for small business owners. More small business owners (45%) now say inflation is the biggest risk to their business than tracked in any of the previous recent quarterly survey. The CNBC|SurveyMonkey Small Business Survey for Q4 2022 was conducted Nov. 9-Nov. 16 among nearly 2,600 small business owners.
That's how majorities of the public responded when the CNBC All-America Economic Survey asked if President Joe Biden or former President Donald Trump should run again for president. And 70% say Biden should not run for a second term with just 19% supporting a run. CNBC's Democratic and Republican pollsters both believe Democrats will likely support Biden if he's the nominee and that Republicans will support Trump. While Trump has announced he's running, President Biden has yet to officially do so. Just 8% say age is a major reason they don't back another run for Trump, who is 76.
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