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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDecember is 'closest possible date' for potential Fed cut, says Wells Fargo's Mark SmithMark Smith, Wells Fargo Advisors senior vice president and portfolio manager, joins CNBC's 'The Exchange' to share why he thinks the Fed will delay rate cuts until the end of the year and more.
Persons: Wells Fargo's Mark Smith Mark Smith Organizations: Wells, Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Mark Smith: I'd be shocked if the Fed cut rates in MarchMark Smith, Wells Fargo Advisors senior vice president and portfolio manager, joins 'The Exchange' to discuss the likelihood of Match rate cuts, how to position from here, and more.
Persons: Wells, Mark Smith, I'd Organizations: Wells, Advisors
CNN —The area of Greenland’s ice loss in the past three decades is roughly 36 times the size of New York City — land that is rapidly giving way to wetlands and shrubs, a study published Tuesday shows. Ice loss has exposed barren rock in parts of the country. Mark Smith/University of LeedsWarmer air temperatures have driven ice loss, which has in turn raised land temperatures. Snow and ice typically reflect the sun’s energy back into space, preventing excessive heating in parts of the Earth. Ice melt also increases the amount of water in lakes, where water absorbs more heat than snow, which increases land surface temperatures.
Persons: Jonathan Carrivick, Mark Smith, , Michael Grimes, , Organizations: CNN, University of Leeds, Locations: New York City, Greenland, Kangerlussuaq, Bowdoin, Qaanaaq, Kingdom of Denmark
Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.
Persons: Love, James Brown, David Bowie, Ray Charles, , they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, , , ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU
Federal deficits expected to be higher in the long-term
  + stars: | 2023-11-09 | 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 EmailFederal deficits expected to be higher in the long-termMark Smith, portfolio manager at Wells Fargo Advisors, and CNBC’s Steve Liesman join 'The Exchange' to discuss the move in bond yields, the level of the deficit, and more.
Persons: Mark Smith, Steve Liesman Organizations: Wells, Wells Fargo Advisors Locations: Wells Fargo
LAS VEGAS (AP) — Alexa Grasso retained her flyweight title after coming away with a split draw against Valentina Shevchenko on Saturday night at UFC Fight Night 227. It marked the first time UFC held a main card on Mexican Independence Day, keeping in tradition for combat sports to hold big fights on Sept. 16. Grasso quickly moved in for the takedown and eventually was able to apply a rear naked choke to win the belt. It took a strong finish in the fifth round by Grasso to earn the split draw, as each fighter earned a 48-47 score, with a third judge scoring the bout 47-47. In a three-round featherweight bout to open the main card, Kyle Nelson (15-5-1) defeated Fernando Padilla (15-5) by unanimous decision with scores of 29-28, 29-28, 30-27.
Persons: — Alexa Grasso, Valentina Shevchenko, Grasso, Shevchenko, Jack Della Maddalena, Kevin Holland, ” Della Maddalena, Raul Rosas Jr, Terrence Mitchell, Mark Smith, Oyuki Rios, , , Rosas, ” Daniel Zellhuber, Christos Giagos, Kyle Nelson, Fernando Padilla, Tracy Cortez, Jasmine Jasudavicius, I’ve, Cortez, Erin Blanchfield Organizations: LAS VEGAS, UFC, Independence,
Wells Fargo's Mark Smith sees more inflationary headwinds ahead
  + stars: | 2023-09-06 | 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 EmailWells Fargo's Mark Smith sees more inflationary headwinds aheadMark Smith, Wells Fargo Advisors senior vice president and portfolio manager, Julia Coronado, MacroPolicy Perspectives founder and president, CNBC's Steve Liesman and Rick Santelli join 'The Exchange' to discuss Fed rates, employment index, and economic trends.
Persons: Wells, Mark Smith, Julia Coronado, CNBC's Steve Liesman, Rick Santelli Organizations: Wells, Advisors, MacroPolicy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Mark Smith and MacroPolicy Perspectives' Julia CoronadoMark Smith, Wells Fargo Advisors senior vice president and portfolio manager, Julia Coronado, MacroPolicy Perspectives founder and president, CNBC's Steve Liesman and Rick Santelli join 'The Exchange' to discuss Fed rates, employment index, and economic trends.
Persons: Wells Fargo's Mark Smith, Julia Coronado Mark Smith, Julia Coronado, CNBC's Steve Liesman, Rick Santelli Organizations: Wells, Advisors, MacroPolicy
These four trends are shaping the gun industry
  + stars: | 2023-08-27 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +7 min
Here are four trends that are shaping the gun industry today:Market normalizationSeveral companies in the gun market are slowing down production and slashing prices as they combat material cost increases and waning demand for their weapons. Gun sales typically see a spike during presidential elections, Dionisio added. Investors in Biofire include venture capitalist Ron Conway and Peter Thiel's Founders Fund Biofire's smart gun comes as gun manufacturers increasingly look for different materials and technologies to make their products more appealing to consumers. "Smart guns can ensure that guns are accessible by their owners and no one else," said Nick Suplina, senior vice president for law and policy at Everytown, who has tested Biofire's smart gun. First-time gun purchasers during the pandemic, according to the study, were younger than previous, pre-pandemic U.S. gun owners.
Persons: Spencer Platt, Smith, Sturm, NSSF, Rommel Dionisio, Mark Smith, Christopher J, Killoy, Capital's Dionisio, Dionisio, Kai Kloepfer, Kloepfer, Biofire, they'll, Ron Conway, Peter Thiel's, Mark Oliva, Oliva, Nick Suplina, Matthew Miller, NORC, NSSF's Oliva Organizations: Getty, Wesson, Ruger, Company, Smith, Shooting Sports, Aegis Capital, CNBC, Smith & Wesson, Ruger & Company, Fund, Shooting Sports Foundation, Gun Safety, University of Chicago, America Locations: Monroe , Pennsylvania, U.S, Biofire, it's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLarge banks with government backing are more resilient to rate hikes, says Wells Fargo's Mark SmithMark Smith, Wells Fargo Advisors senior vice president and portfolio manager, joins 'The Exchange' to discuss soft landing the bullish case for semiconductors, investment opportunities in banks, and trimming names that are moving up with the rally.
Persons: Wells Fargo's Mark Smith Mark Smith Organizations: Wells, Advisors
Instead he scrambled out of a porthole and found himself face-to-face with the North Vietnamese. A day that Wallingford recalled as clearly as if it were yesterday, as he recounted it to CNN at a recent reunion for surviving Vietnam War POWs in California. As a longtime veteran of combat in Vietnam, Smith also had battlefield wisdom to impart to his brothers in arms. But what can’t be disputed is that soon after those bombings took place, early in 1973, North Vietnam did finally agree to a peace deal. “He had the stones to go to Hanoi and bomb them for (12) days, which ended the war,” Wallingford said.
WELLINGTON, May 16 (Reuters) - New Zealand Labour government is set to reveal a worse budget bottom line and economic outlook on Thursday as it delivers what it calls a “no frills” 2023-24 budget to avoid fuelling inflation. Since coming into power, Prime Minister Chris Hipkins has cut costly programmes and reiterated the government’s plans to return to “bread and butter issues”. They’ll see that’s what we’ve done in the budget,” Hipkins said at his weekly Monday press conference. The country was hit by two significant weather events at the start of the year that caused an estimated NZ$9 billion and NZ$14.5 billion in damage. “The Budget packages will likely be more targeted, appearing more fiscally responsible and prudent,” Smith added.
“We’ve definitely see the ramp-up and the need for manpower,” Mr. Heverly said. Community colleges in the area are even reaching out to see if they can form joint partnerships to train students on trade. “Whether it’s cranes, high-rise buildings, bridges, that is trade work,” Ms. Dixon said as the apprentices in hard hats listened to a lesson on lead removals. “School wasn’t for me,” Mr. Smith said. “I want in office whoever is going to help me put food on my table,” said Mr. Wissman, whose girlfriend is pregnant with their second child.
Exercise can help addiction treatment, study shows
  + stars: | 2023-04-26 | by ( Madeline Holcombe | ) edition.cnn.com   time to read: +6 min
CNN —One key to fighting addiction may be exercise, according to a new study. “It’s very beneficial to do physical activity in addition to the treatments.”There are limitations to the findings. Physical activity can also help boost self-esteem and lower anxiety and depression, experts said. What exercise doesMost people can benefit from engaging in physical activity, Kandola said. The current Physical Activity Guidelines for Americans does recommend that adults get 150 minutes of moderate-intensity physical activity and two days of muscle-strengthening activity.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Mark Smith advises investors to look to banks if rates stay higher for longerMark Smith, Wells Fargo Advisors SVP, and Jason Trennert, Strategas chairman, joins 'The Exchange' to discuss JPMorgan CEO Jamie Dimon's comments earlier today about a recession and the markets overall.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email:PRO: Watch CNBC’s full interview with Wells Fargo's Mark Smith and Strategas' Jason TrennertMark Smith, Wells Fargo Advisors SVP, and Jason Trennert, Strategas chairman, join 'The Exchange' to discuss JPMorgan CEO Jamie Dimon's comments today about recession and the markets overall.
But my favorite — the one that convinced me true love actually is real — is my parents' story. My parents, Mark and Christine Smith, both 60, have been together for 44 years. Their marriage has stood the test of time — and while no two marriages are the same, my parents' relationship has set my bar for love extremely high. To celebrate Valentine's Day, I asked them how, exactly, they make their relationship work. For example: Both of my parents grew up in households where the partners divided chores evenly, and they wanted the same out of their relationships.
American Outdoor Brands and Vista Outdoor have reported weaker sales in their shooting categories of late. But the past year has seen gun sales fall precipitously as demand wanes. Sturm, Ruger & Company did not immediately respond to CNBC's request for comment. Other major gun companies including American Outdoor Brands and Vista Outdoor, which purchased Remington Ammunition out of bankruptcy in late 2020, are seeing similar declines in gun sales. Vista Outdoor reported a sales decline of 4% to $432 million for its sporting products, which includes its Remington acquisition.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo money managers give their take on the recent rally in the marketsDavid Rea, President of Salem Investment Counselors, and Mark Smith, Senior Vice President and Portfolio Manager at Wells Fargo Advisors, join Worldwide Exchange to discuss their investment strategies.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's reopening will be a huge tailwind for energy sector, says Wells Fargo's Mark SmithMark Smith, Wells Fargo Advisors senior vice president, joins 'The Exchange' to discuss the energy sector, financials and China's economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Wells Fargo Advisors' Mark SmithMark Smith, Wells Fargo Advisors senior vice president, joins 'The Exchange' to discuss the energy sector, financials and China's economy.
Annual inflation ran at 7.2% in the third quarter, sitting just below a three-decade high, Statistics New Zealand said in a statement on Tuesday. Inflation slowed slightly from 7.3% in the second quarter but far outpaced expectations in a Reuters poll for a 6.6% annual rise. "With the RBNZ having the inflation bit between its teeth, all options are likely to remain on the table." Smith said they had changed their OCR forecast and were now expecting a 75-basis-point rate hike in November, and two further 50 bp rate hikes in February and April 2023. Statistics New Zealand added that annual non-tradable inflation - products made in New Zealand for domestic consumption - rose 6.6%, the highest since it began tracking that data in June 2002.
Societe Generale says two senior executives to leave bank
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Societe Generale Private Banking is seen at an office building in Zurich, Switzerland March 25, 2022. REUTERS/Arnd WiegmannPARIS, Sept 23 (Reuters) - Societe Generale (SOGN.PA), which is seeking a new chief executive, said on Friday two senior female executives would be stepping down before the end of the year. France's third-biggest listed bank said Chief Risk Officer Sadia Ricke would leave on Nov. 30 and Caroline Guillaumin, the head of human resources and communication, would quit on Dec. 15. Ricke, a SocGen veteran, will become group chief risk officer of Asia and Africa-focused bank Standard Chartered, the London-based bank said in a separate statement. Register now for FREE unlimited access to Reuters.com RegisterRicke joined Societe Generale in 1994 and held a series of senior positions within the corporate and investment banking division before being appointed as chief risk officer last year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancials continue to show strength when rates are higher, says Wells Fargo's Mark SmithMark Smith, senior vice president and portfolio manager at Wells Fargo advisors, joins 'The Exchange' to discuss finding long-term value in the market, the Fed continuing to raise rates and the increase to inflation caused by high rent and housing.
Watch CNBC's full interview with Wells Fargo's Mark Smith
  + stars: | 2022-09-20 | 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 Wells Fargo's Mark SmithMark Smith, senior vice president and portfolio manager at Wells Fargo advisors, joins 'The Exchange' to discuss finding long-term value in the market, the Fed continuing to raise rates and the increase to inflation caused by high rent and housing prices.
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