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☆ The profits recession is over, says Huntington's John Augustine
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe profits recession is over, says Huntington's John AugustineJohn Augustine, chief investment officer at Huntington Private Bank, joins 'The Exchange' to discuss investment opportunities in 2024, the outlook for profits, and more.

Persons: Huntington's John Augustine John Augustine Organizations: Huntington Private Bank

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. A recent surge in U.S. Treasury yields had pressured equities. Shares of the airlines, also hurt by rising oil prices, putting pressure on the S&P 500 Passenger Airlines index (.SPLRCALI). Exchange-traded funds exposed to Israel were selling off, with iShares MSCI Israel ETF falling along with the ARK Israel Innovative Technology ETF .

Persons: Brendan McDermid, Joe Biden, John Augustine, Augustine, Big advancers, iShares, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Dasgupta, Richard Chang Organizations: New York Stock Exchange, REUTERS, Hamas, U.S, Federal, Huntington National Bank, Columbus, Peoples, Treasury, Fund, Nasdaq, Dow Jones, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Aerospace, Northrop Grumman, L3Harris Technologies, Exchange, ARK Israel Innovative Technology ETF, Thomson Locations: New York City, U.S, Israel, Palestinian, Gaza, Columbus , Ohio, Tel Aviv, New York, Bengaluru

☆ Strike over: Kaiser Permanente unionized health care workers end their strike without reaching a deal
▼ + stars: | 2023-10-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +9 min

CNN —More than 75,000 unionized Kaiser Permanente employees are returning to work after a historic three-day strike. This week’s temporary work stoppage — the largest health care strike in US history — concluded at 6 am PT on Saturday without a deal. Kaiser Permanente healthcare workers rally outside Kaiser Permanente Los Angeles Medical Center in Los Angeles on Wednesday, October 4, 2023. Some issues affect the entire health care industryTo be sure, staffing issues do not only affect Kaiser Permanente. ECRI, an independent health care research firm, ranks the industry’s staffing shortage as the most significant risk to American patients.

Persons: —, Damian Dovarganes, ” Georgette Bradford, Julie Su, Su “, Joe Biden, Biden, Kaiser, hasn’t, ” Kaiser Permanente, Rocio Chacon, ” Chacon, Kaiser Permanente, Ryan Sun, James Bell, Christina Campbell, “, ” Campbell, Larriesha Malbrough, John Rudoff, ”, ‘, John August, Sal Rosselli, ” Rosselli, ECRI, Gerald Kominski Organizations: CNN, Kaiser Permanente, Kaiser Permanente Los Angeles Medical Center, Kaiser, “, Labor, Labor Department, United Auto Workers, ”, Employees International Union, United Healthcare Workers West, SEIU, Kaiser Permanent, AP, Service Employees International Union, Permanente, Coalition, Kaiser Permanente Unions, Kaiser Permanente . Nursing, National Union of Healthcare Workers, UCLA Center for Health Policy Research Locations: Los Angeles, Sacramento , California, California, Michigan, Washington, United States, Kaiser, California , Colorado, Washington and Oregon, Virginia, Baldwin Park , California, Portland , Oregon

Healthcare workers strike in front of Kaiser Permanente Los Angeles Medical Center, as more than 75,000 Kaiser Permanente healthcare workers go on strike from October 4 to 7 across the United States, in Los Angeles, California, U.S. October 4, 2023. WHAT ARE KAISER WORKERS' DEMANDS AND WHAT IS THE COMPANY OFFERING? Some of the key demands by the workers include higher pay to keep up with the cost of living, a $25-per-hour minimum wage for all healthcare workers, and a reformed bonus structure. The union insists Kaiser needs to hire 10,000 new healthcare workers to fill current vacancies, as well as "fix broken hiring processes" that are preventing full staffing. The unions are asking Kaiser Permanente to make massive investment in the education and training of future healthcare workers, and for a diminished role for vendors and third-party contractors that the healthcare network relies on.

Persons: Julie Su, Kaiser, Kaiser Permanente, John August, Russ Richmond, Leroy Leo, Bhanvi, Ahmed Aboulenein, Steve Gorman, Shinjini Ganguli, Diane Craft Organizations: Kaiser Permanente Los Angeles Medical Center, Permanente, REUTERS, Kaiser Permanente, Labor, AMN Healthcare, District of Columbia, Cornell's School of Industrial and Labor Relations, Tenet Healthcare, Satellite Healthcare, Fresenius, Thomson Locations: United States, Los Angeles , California, U.S, Kaiser, California, Bengaluru, Washington, Los Angeles

☆ Health care workers strike: Kaiser Permanente unionized employees walk out after failed contract negotiations
▼ + stars: | 2023-10-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

Los Angeles CNN —On Wednesday, thousands of unionized health care employees walked off the job after failed contract negotiations with their employer, Kaiser Permanente, a company whose business model is distinctive, compared to most health care providers in the United States. Members are mainly locked in to using Kaiser health workersKaiser’s membership dues set it apart from America’s traditional “fee-for-service” health care model, in which a doctor or health care provider is paid a fee for each service they perform. It’s a nonprofit entityAlthough Kaiser Permanente operates as a nonprofit entity, it generates billions of dollars in profit. “It’s time for Kaiser executives to invest those resources in addressing the desperate needs of Kaiser patients and frontline health care workers. August said in his experience at Kaiser Permanente, employees were “very proud” of their work.

Persons: Kaiser, ”, John August, Kaiser Permanente, ‘ I’m, ’ ”, Gerald Kominski, ” Kominski, It’s, “ Kaiser, Renee Saldana, “, Kominski Organizations: Los Angeles CNN —, Kaiser Permanente, Coalition, Kaiser Permanente Unions, of, UCLA Center for Health, Research, SEIU, UHW, Kaiser Locations: Kaiser, United States, Oakland , California, California , Colorado, of Columbia , Georgia, Hawaii , Maryland , Oregon, Virginia, Washington

☆ 75,000 Kaiser Permanente health care workers may go on strike, in demonstration that the industry is in crisis
▼ + stars: | 2023-10-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

That could change on Wednesday when she becomes one of 75,000 workers who participate in the nation’s largest health care strike in history. During the Great Resignation in 2021-22, more than 5 million people left their health care jobs across the country. “Kaiser Permanente is not immune from these challenges.”While Kaiser admits to the difficult challenge of filling health care jobs, the stress to its current workers has contributed to increased labor tension in the health care industry. The increased number of health care strikes have happened despite health care workers making up only about 9% of private sector union members nationwide. “But for health care workers, it is different.

Persons: New York CNN — Savonnda Blaylock, she’s, Blaylock, we’re, ”, “, Kaiser, We’ve, ” Kaiser, “ Kaiser Permanente, John August, Naniaka Camara, Camara, ” Camara, Bob Muehlenkamp, Muehlenkamp, Sal Rosselli, ” Rosselli, ECRI, there’s, Marcus Schabacker, ” Schabacker Organizations: New, New York CNN, Kaiser Permanente, Management, of Labor Statistics, Cornell University’s School of Industrial and Labor Relations, Kaiser, Montefiore Hospital, CNN, National Union of Healthcare Workers Locations: New York, California, Kaiser, California , Oregon, Washington , Colorado, Virginia, Washington, “ Kaiser, New York City, Bronx, York

☆ 5 things you need to know about what could be the largest health care strike in US history
▼ + stars: | 2023-09-29 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Patients pay for a membership and gain access to Kaiser Permanente’s health care services. Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website. The strike would be the largest US health care strike in history, according to data from the Bureau of Labor Statistics. It would also be the first-ever national strike effort at Kaiser Permanente, according to John August, the director for health care labor relations at Cornell and the former executive director of the Coalition of Kaiser Permanente Unions. More workers are going on strikeA potential health care workers’ strike would be one in a long line of organized labor efforts that have occurred this year.

Persons: Kaiser Permanente, John August, “, Dania Maxwell, ”, Kaiser, Renee Saldana, they’re, Gabe Montoya, we’re, “ Kaiser, We’ve, UHW, you’re Organizations: Los Angeles CNN, Kaiser Permanente, Washington DC, Kaiser, Bureau of Labor Statistics, Cornell, Coalition, Kaiser Permanente Unions, Service Employees International Union, United Healthcare Workers West, SEIU, Permanente, CNN, Kaiser Permanente Los Angeles Medical Center, Los Angeles Times, “ Workers, ” Employees, “ Kaiser Permanente, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, Ford, General Motors, ’ Guild of America Locations: Kaiser, California , Colorado , Oregon, Washington , Virginia, Washington, ”, Hollywood, Los Angeles , CA, Downey , California, United States, Los Angeles

☆ Tim Burton hits out at ‘disturbing’ AI, likens it to a robot ‘taking’ your soul
▼ + stars: | 2023-09-12 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Tim Burton has hit out at “disturbing” artificial intelligence (AI), comparing its use in imitating his distinctive style as “like a robot taking your humanity, your soul.”The prolific director behind movies “Edward Scissorhands,” “Corpse Bride” and “Beetlejuice” made the comments during an interview with British newspaper The Independent at the weekend. He was referencing an article by Buzzfeed that had used AI to reimagine Disney character as if they were in one of his movies. It’s like a robot taking your humanity, your soul.”Michael Keaton and Winona Ryder starred in Tim Burton's 1988 movie "Beetlejuice." Geffen/Warner Bros/Kobal/ShutterstockThe potential consequences of using AI are among the central issues driving the ongoing actors’ and writers’ strikes which have halted production in Hollywood. SAG-AFTRA, the actors union which represents about 160,000 members, has been on strike since July.

Persons: Tim Burton, Edward Scissorhands, ”, Buzzfeed, ” Burton, ” Michael Keaton, Winona Ryder, Tim Burton's, Geffen, ’, John August, “ Organizations: CNN, British, Independent, Warner Bros, Hollywood, SAG

☆ Watch CNBC's full interview with Huntington Private Bank's John Augustine and Wells Fargo's Jay Bryson
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Huntington Private Bank's John Augustine and Wells Fargo's Jay BrysonHuntington Private Bank's John Augustine and Wells Fargo's Jay Bryson join 'The Exchange' to discuss the CPI report and what it means for the markets and economy.

Persons: Huntington Private Bank's John Augustine, Wells Fargo's Jay Bryson Huntington, Bank's John Augustine, Wells Fargo's Jay Bryson Organizations: Huntington Private

☆ Market choppiness continuing is dependent on Fed's next moves: Huntington Private Bank's Augustine
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket choppiness continuing is dependent on Fed's next moves: Huntington Private Bank's AugustineHuntington Private Bank's John Augustine and Wells Fargo's Jay Bryson join 'The Exchange' to discuss the CPI report and what it means for the markets and economy.

Persons: Augustine Huntington, Bank's John Augustine, Wells Fargo's Jay Bryson Organizations: Huntington

☆ How the Brooklyn Bridge went from being a 'wild experiment' in architecture to becoming designated a historical landmark 140 years later
▼ + stars: | 2023-06-30 | by ( Elias Chavez | ) www.businessinsider.com time to read: +2 min

The history of the Brooklyn Bridge is filled with death, disease, and controversy. The main architect died before the bridge was even built, and several workers died in the process. Tools and techniques used to build the bridge — then thought to be a "wild experiment" — are commonly used today. The Brooklyn Bridge, one of New York City's famous landmarks, turned 140 this year, and its history has been wrought with death, disease, and controversy. During the bridge's construction, over a dozen people died, while countless others were bedridden with a then mysterious illness, including the bridge's architect Washington Roebling.

Persons: Washington Roebling, John Augustus Roebling Organizations: Morning, American Society of Civil Engineers, Washington Locations: Brooklyn, New York, Manhattan

☆ Streaming broke the career ladder, striking Hollywood writers say
▼ + stars: | 2023-05-08 | by ( Lisa Richwine | ) www.reuters.com time to read: +4 min

How to train and support a new generation of writers is a sticking point in contract negotiations between the WGA, which represents 11,500 film and TV writers, and Hollywood's major studios. Netflix Inc (NFLX.O) and other streaming services began crafting shorter series in "mini rooms" with fewer writers. The WGA, however, is seeking a requirement for at least six TV writers per series, with half of them being employed throughout the production. Now, half of all writers work at minimum salary levels, the WGA said. "I want to be part of fighting for a better future," Smith said while holding a "Writers Guild of America On Strike" sign.

☆ TV and film writers are fighting to save their jobs from AI. They won’t be the last
▼ + stars: | 2023-05-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

A powerful new crop of AI tools, trained on vast troves of data online, can now generate essays, song lyrics and other written work in response to user prompts. While there are clearly limits for how well AI tools can produce compelling creative stories, these tools are only getting more advanced, putting writers like August on guard. But as part of their demands, the WGA is also fighting to protect their livelihoods from AI. Stephanie Elam/CNNWhile film and TV writers in Hollywood may currently be leading the charge, professionals in other industries will almost certainly be paying attention. “Watch this #WGA strike carefully,” Justine Bateman, a writer, director and former actress, wrote in a tweet shortly after the strike kicked off.

LOS ANGELES, May 3 (Reuters) - Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. The Writers Guild of America is seeking to restrict the use of artificial intelligence in writing film and television scripts. A spokesperson for the Alliance of Motion Picture and Television Producers, which is negotiating the contract on behalf of the studios, did not comment. The dispute over AI is one of several issues that led Hollywood’s film and TV writers to strike Monday, marking the first work stoppage in 15 years. Screenwriter John August, a member of the WGA negotiating committee, said writers have two concerns regarding AI.

Negotiators for the Writers Guild of America (WGA) have asked the roughly 11,500 members to give them the power to call a strike after May 1 if contract talks break down. The last WGA strike, in 2007 and 2008, lasted 100 days. Film and television work has rebounded, but movie-going remains below pre-pandemic levels, despite blockbusters such as "Avatar: The Way of Water." Residuals paid to TV writers hit an unprecedented $493.6 million in 2021. In 2017, WGA members authorized a strike but reached a deal hours before writers headed to picket lines.

☆ Wall Street closes higher as First Republic helps lift banks
▼ + stars: | 2023-03-16 | by ( David Carnevali | ) www.reuters.com time to read: +3 min

SummarySummary Companies European Central Bank raises key policy rateFirst Republic Bank shares reverse course and turn higherMeta, Snap climb as U.S. threatens TikTok banNEW YORK, March 16 (Reuters) - A strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the country's largest lenders came to the rescue of embattled First Republic Bank. "Banks are looking out for one another," said Huntington Private Bank chief investment officer, John Augustine. Shares of JP Morgan and Morgan Stanley were up 1.94% and 1.89% respectively, while the lifeline buoyed First Republic Bank (FRC.N), which gained 9.98%. The KBW regional banking index (.KRX) gained 3.26%, while the S&P 500 banking index (.SPXBK) advanced 2.16%, as both sub-indexes reversed losses. Concerns about banks have rattled the stock market in recent days after the collapse of SVB Financial fueled contagion fears.

☆ The Dow could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. As recently as mid-October the Dow was in bear-market territory for 2022, down more than 21%. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. (owner of The North Face and Vans), IBM (IBM) and 3M (MMM), is actually up 1% this year. There were several times when the stock market came back and then went back down,” said John Duffy, co-founder of Trending Stocks.

☆ Dow tumbles 500 points but could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or 1.5%, Monday. The Dow enjoyed its best month in nearly a half-century in October and it’s up nearly another 3% in November. It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. The S&P 500 and Nasdaq are still pretty deep in the red for 2022, off 17% and almost 30% respectively.

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