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RW Advisory: Triple whammy of headwinds for U.S. stocks
  + stars: | 2024-05-02 | 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 EmailRW Advisory: Triple whammy of headwinds for U.S. stocksRon Williams, CIO and Tactical Strategist at RW Advisory, talks about headwinds in equity markets and possible upcoming volatility.
Persons: Ron Williams Organizations: Triple, Advisory Locations: headwinds
The American right’s growing embrace of Orbán builds upon millions of dollars that his government has spent on lobbying in the US, and new connections between Hungarian and American conservative think tanks. “Make America great again, make Europe great again!” Orbán declared in English, before continuing in Hungarian: “Go Donald Trump! Conservatives from around the US, Europe and beyond traveled to Budapest for the two-day event, which was organized by a Hungarian government-funded think tank. Two American nonprofits that are actively planning policies for a second Trump term have shown an interest in Hungary and Orbán’s model. But some of the American conservatives who flew into the country for CPAC seemed more focused on the optics of Budapest than on democratic rights.
Persons: crackdowns, , Viktor Orbán, Orbán, Donald Trump’s, ” Orbán, Donald Trump !, ” Trump, , Trump, Steve Bannon, President Trump, Gladden Pappin, Szilard Koszticsak, White, ” Pappin, “ saviors, Bannon, Kari Lake, Mark Meadows, Andy Harris, Zoltan Mathe, Paul Gosar, Christopher Rufo, István, Ron DeSantis, Trumpists, Kim Lane Scheppele, Orbán’s, Zsuzsanna Szelényi, ” Szelényi, Márton Gulyás, influencers strode, Joey Mannarino, ” Kyung Lah, Anna, Maja Rappard, Casey Tolan, Curt Devine Organizations: Hungary CNN —, Republican, Conservative, Trump, European Union, Hungarian Institute of International Affairs, Conservative Political, “ Conservative, White House, , Republican Arizona, CNN, Department of Justice, Southern Poverty Law, Heritage Foundation, America, Policy Institute, Institute, Florida Gov, Princeton Locations: Budapest, Hungary, American, Europe, Lago, Dallas, America, Hungarian, Arizona, United States, Paul Gosar of Arizona, Florida, “ Hungary, marveled, New York, Washington
He runs a podcast and has attended over 100 presidential campaign events. I’ve asked presidential candidates pointed and respectful questions. At an “Our Great American Comeback” event in New Hampshire, DeSantis evaded responding to my question about the peaceful transfer of power. Gen Z journalists are often shut down by authoritative figures and officials, and student journalists across the country are not guaranteed complete constitutional First Amendment protection — discouraging active participation from students and rousing fear of litigation. While some might think we’re “too young” to be concerned about or understand national policy, these outcomes determine our future: a future that Gen Z is increasingly concerned about.
Persons: Quinn Mitchell, CNN —, Quinn Mitchell Kristopher Radder, I’ve, who’s, , , Ron DeSantis, DeSantis, , Nikki Haley, Haley, Young, Z Organizations: CNN, Trump, Republican, Democratic, Florida Gov, South Carolina Gov, Tufts, Twitter Locations: Walpole , New Hampshire, New England, Brattleboro, New Hampshire, Florida
Just over a decade ago, six-week abortion bans were seen as too radical even by many members of the anti-abortion movement, who worried they carried too much political and legal risk. Ron DeSantis, a Republican, cuts off access to the procedure before many women even know they are pregnant, leaving millions of women in the South hundreds of miles from a clinic offering abortion. The ban represents another victory for the true believers of the anti-abortion movement that seek sharp curbs on the procedure. But when such a ban was first introduced, mainstream abortion opponents who preferred gradually chipping away at abortion rights felt such restrictions could backfire and undermine their broader goals. I asked her how the six-week ban moved from the fringe to the mainstream — and why those early warnings from anti-abortion allies might be coming true now.
Persons: Ron DeSantis, Elizabeth Dias, Lisa Lerer, Roe, Wade Organizations: Gov, Republican Locations: Florida
Ron DeSantis of Florida prepared to run for president last spring, he gathered anti-abortion activists in his Capitol office for an unusual bill signing, held late at night and behind closed doors. Florida lawmakers had just approved a ban on abortions after six weeks of pregnancy, a major policy shift that would sharply restrict access to the procedure for women in neighboring states as well as for Floridians. For Mr. DeSantis, the move seemed like something that would play well among some Republican presidential primary voters in states like Iowa. But this was Florida, and public opinion polls suggested broad opposition to such a strict law. So Mr. DeSantis, who typically crisscrosses the state to sign bills, enacted the six-week ban in April 2023 with little fanfare, part of a headlong push into cultural conservatism meant to bolster his national campaign.
Persons: Ron DeSantis, DeSantis Locations: Florida, Iowa
Florida’s Abortion Ban Will Reach Well Beyond FloridaAugust 2021 Miles to nearest clinic offering abortions after 6 weeks 50 150 250 350 450 Source: Caitlin Myers, Middlebury College As of Wednesday, Florida has banned abortion after six weeks of pregnancy. Florida, North Carolina and Virginia were the only states in the South offering abortion after six weeks of pregnancy. Women in several states will need to travel hundreds of miles farther to reach a clinic. Florida’s new ban could change that, researchers said — an illustration of how regional abortion access has become. If the amendment earns the support of 60 percent of voters, it will reverse the ban and protect abortion rights until about 24 weeks.
Persons: Miles, Caitlin Myers, Roe, Wade, , Jenny Black, , , Andrew Shirvell, Ron DeSantis, Professor Myers, Dobbs, Stephanie Loraine Piñeiro, Myers’s, Myers Organizations: Middlebury College, Planned, Eastern Seaboard, Guttmacher Institute, Jackson, Health, Florida Voice, Gov, Republican, Florida Access, Florida Supreme, Food and Drug Administration Locations: Florida, South . Florida , North Carolina, Virginia, North Carolina, South Carolina, West Virginia, ” Florida, California, New York, Illinois, Dobbs v, Miami, Charlotte, N.C, Washington, Alabama, Georgia, Louisiana, Mississippi, Alabama , Arkansas, Louisiana , Mississippi , Oklahoma , Tennessee , Texas
Change Healthcare provides payment, revenue management and other solutions like e-prescription software. UnitedHealth told CNBC in April that it paid a ransom to try and protect patient data. Its business unit Optum — which provides care to 103 million customers — and Change Healthcare — which touches one in three patient records — merged in 2022. Committee Chairman Sen. Ron Wyden, D-Ore., said in his opening remarks that the Change Healthcare breach serves as a "dire warning about the consequences of too-big-to-fail mega-corporations." Sen. Michael Bennet, D-Colo., pressed Witty to share how UnitedHealth is working to ensure something like the Change Healthcare breach will not happen again.
Persons: Andrew, UnitedHealth, Sen, Ron Wyden, Wyden, Thom Tillis, they're, Tillis, Blackcat, Michael Bennet Organizations: Senate, Capitol, U.S ., Finance, UnitedHealth, Healthcare, CNBC, U.S . Securities, Exchange Commission, U.S . Department of Justice Locations: Washington , DC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon set to report first-quarter earnings after the bell: Here's what you need to knowRon Josey, Citi U.S. internet analyst, joins 'Power Lunch' to discuss Amazon ahead of the company's earnings.
Persons: Ron Josey Organizations: Citi U.S
CNN —Former President Donald Trump wouldn’t dismiss the potential for political violence from his supporters if he isn’t elected in November, suggesting it would depend on the outcome of the presidential race. “I don’t think we’re going to have that,” the presumptive GOP nominee told Time magazine. It always depends on the fairness of an election.”The remarks came in a wide-ranging interview with the magazine that published Tuesday. But pressed by the magazine in a later phone interview, Trump was less definitive about the future. Throughout his political career, Trump has regularly refused to accept the results of an election or commit to a conceding defeat.
Persons: Donald Trump wouldn’t, , Benjamin Netanyahu’s, Trump, they’ll, ” Trump, Texas Sen, Ted Cruz, Hillary Clinton, Trump baselessly, Ron DeSantis, “ Will, , Joe Biden’s, “ Donald Trump’s, ” Biden, Julie Chavez Rodriguez, Roe, didn’t, Netanyahu, – Trump, Netanyahu “, Soleimani –, Evan Gershkovich “, Alexey Navalny, Vladimir Putin, Navalny, Jamal Khashoggi, Prince Mohammed bin Salman, bin Salman Organizations: CNN, Time, Israel, Capitol, Texas, Florida Gov, Republican, Trump, Sunshine, Hamas, Capitol Hill, , Wall Street, Kremlin, Saudi, CIA, United Nations Locations: Lago, Florida, Washington, Iowa, Florida , Texas, Arizona, Israel, Russia, American
Elizabeth Frantz | ReutersIt appears the great inflation scare of 2024 is upon us. The Fed's preferred measure of inflation, the core personal consumption expenditures price index, grew 2.8% from a year earlier in March. The recent inflation numbers have reduced the expected number of cuts down to one or two, with the first cut anticipated to arrive much later this year. Some recent signs of cooling emergeCommodity prices, like cocoa , coffee and copper , have been on a tear in 2024. Despite all the military activity in the Middle East, oil prices have been reasonably well behaved, taking into consideration the energy shocks of years past.
Persons: Jerome Powell, Elizabeth Frantz, , specter Organizations: Federal, Committee, Reuters, Fed, Hamas Locations: Washington , U.S, Israel
The FCC fined four US network providers nearly $200 million for illegally sharing customer data. AdvertisementThe Federal Communications Commission fined four US wireless carriers close to $200 million for illegally sharing access to customers' location data. The FCC said on Monday that these phone companies sold customers' location data to "aggregators," who resold access to the data to companies that provide location-based services. The FCC said dozens of location-based services accessed phone companies' customer data without ensuring consumer consent, even after the phone companies were aware of the links. In response to the FCC fines, all three phone providers said they expect to appeal the decision.
Persons: , Jessica Rosenworcel, Ron Wyden Organizations: FCC, Service, Federal Communications Commission, Verizon, Mobile, Sprint, Companies, CNN
Strategist on fair value for U.S. 10-year treasury yield
  + stars: | 2024-04-30 | 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 EmailStrategist on fair value for U.S. 10-year treasury yield given significant risk in budget deficitRon Temple of Lazard discusses his outlook for U.S Treasury yields and the structural challenges facing U.S. budget.
Persons: Ron Temple, Lazard Organizations: Treasury
In the American imagination, car keys and a driver’s license have long represented freedom, autonomy and privacy. But modern cars, which have hundreds of sensors, cameras and internet connectivity, are now potential spying machines acting in ways drivers do not completely understand. The senators, both Democrats, say this sharing can “seriously threaten Americans’ privacy” by revealing their visits to protests, health clinics, places of worship, support groups or other sensitive places. “As far-right politicians escalate their war on women, I’m especially concerned about cars revealing people who cross state lines to obtain an abortion,” Senator Wyden said in a statement. Government attention to the car industry is intensifying, experts say, because of the increased technological sophistication of modern cars.
Persons: Ron Wyden, Edward J, Markey, Lina Khan, Wyden Organizations: Oregon, Massachusetts, Federal Trade Commission
Gail Collins: Bret, I have a feeling we’re going to be spending a good amount of time talking about the adventures of Donald Trump. Bret: By “adventures,” you mean “affairs.”Gail: But just to start with something we’re in disagreement about …. Joe Biden has, in my opinion, been doing a great job building his re-election campaign. Or a border crisis that’s shifted from Texas to California and New York but hasn’t gone away. Or his repeated refusal to sit down for formal interviews with serious journalists — other, that is, than Howard Stern.
Persons: Gail Collins, Bret, Donald Trump, ” Gail, Joe Biden, He’s, Joe, Ron Burgundy, hasn’t, Howard Stern Organizations: Trump Locations: Washington, Texas, California, New York
NBA stars are scoring big in the fashion world
  + stars: | 2024-04-29 | by ( Nick Remsen | ) edition.cnn.com   time to read: +9 min
Basketball players’ style — largely in the men’s league, but increasingly the women’s too — has become a bonafide pillar in fashion media and consumption. Basketball players’ style has more eyes on it than any other sport, the Pulitzer Prize-winning author Mitchell S. Jackson told CNN. “(The league) was the first to embrace it,” Jackson, author of the recently released photobook “Fly: The Big Book of Basketball Fashion,” explained. “Basketball players are so much a part of American culture. Bettman/Getty Images/Courtesy Workman“We talk a lot about current NBA tunnel style, but the league has been America’s most stylish for decades,” Schube continued.
Persons: Tyrese Haliburton, Pepper Robinson, Ron Hoskins, NBAE, — Tyrese Haliburton, , Pharrell Williams, Birkin, it’s, Shai Gilgeous, Alexander, Russell Westbrook, LeBron James, Josh Giddey, Tyler Herro, , Marcus Paul, Luka Dončic, ” There’s, Caitlin Clark, Prada, Sam Schube, Thom Browne, AJ Mast, Tyler Ross, Workman, Virgil Abloh, Louis Vuitton, Williams, Kim Kardashian’s, Donovan Clingan, Caleb Love, Hunter Dickinson, Jared McCain, Duke, Robert Dillingham, Paxson Wojcik, Mitchell S, Jackson, ” Jackson, , LeBron, Michael Jordan, Jordan, Jackson’s, Peggy Sirota, who’ve, Stephen “ Steph ” Curry, Curry, Steph Curry, Jed Jacobsohn “, ’ ” Curry, ” Curry, “ I’m, Kyle Kuzma, Timothée, Johnson, Andrew D, Bernstein, Walt Frazier, Bettman, ” Schube, “ Allen Iverson, Phil Jackson, Pat Riley, Armani, Walt Fraziers, Wilt Chamberlain’s, Fatih Aktas, , ’ ”, , they’d, ” Gilgeous, Alexander —, haven’t Organizations: Indiana Pacers, Basketball, Gilgeous, CNN, GQ, Cleveland Cavaliers, New York Times, Los Angeles Lakers, Oklahoma City Thunder, NBA, UConn, UNC, “ Basketball, Golden State Warriors, Fashion Council, Savant, State, GQ Sports, , Workman New York Knicks, Royce, Anadolu Agency, Getty, Civil, Nike Locations: Haliburton, Arizona, Kansas, Robert Dillingham ( Kentucky, Chicago , Illinois, Gilgeous
Washington CNN —The US government has issued millions of dollars in fines to AT&T, Sprint, T-Mobile and Verizon after an investigation found the nation’s top wireless carriers had illegally shared customers’ personal data without their consent. The fines target a practice in which carriers shared user location information with data resellers, known in the industry as “location aggregators.” These aggregators passed the data onward to their own third-party customers. “Each carrier attempted to offload its obligations to obtain customer consent onto downstream recipients of location information, which in many instances meant that no valid customer consent was obtained,” the FCC said in a release. In response to the FCC fines, all of the wireless carriers said they expect to appeal the decision. We take our responsibility to keep customer data secure very seriously and have always supported the FCC’s commitment to protecting consumers, but this decision is wrong, and the fine is excessive.
Persons: Trump, perversely, , , Oregon Democratic Sen, Ron Wyden, Wyden, ” Wyden Organizations: Washington CNN, Mobile, Verizon, Federal Communications Commission, FCC, Sprint, ” Verizon, Oregon Democratic Locations: Securus
Ron DeSantis of Florida met on Sunday morning, according to three people briefed on the meeting, the first time they’ve done so since the end of a bruising Republican presidential primary that Mr. Trump won while relentlessly attacking Mr. DeSantis. Mr. Trump is looking to bolster his fund-raising, an ability Mr. DeSantis demonstrated during the primary by tapping into a network of well-funded donors. And Mr. DeSantis — who has made clear he is interested in running for president again in 2028 — is seeking to shed the negative weight of his disappointing campaign. A spokesman for Mr. Trump didn’t respond to an email seeking comment. A spokesman for Mr. DeSantis declined to comment.
Persons: Donald J, Ron DeSantis, Trump, DeSantis, , Mr, Steve Witkoff, DeSantis — Organizations: Trump, Gov, The Washington Post, Mr Locations: Florida, Hollywood, Fla
Reports say Donald Trump and Ron DeSantis met in Florida to discuss the former president's campaign. DeSantis decided to help Trump boost his fundraising efforts, The Washington Post reported. Trump is looking to DeSantis to help with his presidential campaign fundraising — and DeSantis is open to it, The Washington Post reported. DeSantis and Trump met Sunday morning at the Shell Bay Club near Miami after not speaking to each other since the end of DeSantis' campaign in January, CNN reported. The pair engaged in a presidential campaign rivalry that involved a lot of name-calling — especially from the former president.
Persons: Donald Trump, Ron DeSantis, DeSantis, Trump, Steve Witkoff, Organizations: Washington Post, Service, GOP, Trump, Shell, CNN, Business Locations: Florida, Miami
South Dakota Governor Kristi Noem greets former U.S. President and Republican presidential candidate Donald Trump before he speaks at a South Dakota Republican party rally in Rapid City, South Dakota, U.S. September 8, 2023. Republican South Dakota Governor Kristi Noem on Sunday attempted to spin a controversial anecdote about killing her puppy, revealed in her upcoming memoir, into a case for her political deftness as she vies to become Donald Trump's vice presidential pick. Noem has spent the weekend dealing with ridicule from both Democrats and Republicans since those anecdotes became public. Florida Governor and former GOP presidential candidate Ron DeSantis posted a call to action for people to adopt rescue dogs. In March, the South Dakota governor posted an infomercial-style video for a Texas dentist appearing to act as a commercial testimony for the business, despite holding public office.
Persons: Kristi Noem, Donald Trump, Donald Trump's, Noem, Doug Burgum, Tim Scott, Elise Stefanik, Laura Loomer, Loomer, Joe Biden's, Biden, Kamala Harris, Ron DeSantis Organizations: Republican, South, South Dakota Republican, Republican South, Guardian, Cricket, North, Florida Governor, GOP Locations: South Dakota, Rapid City , South Dakota, U.S, Republican South Dakota, North Dakota, Florida, Washington, Texas
Ron DeSantis met for several hours in Miami on Sunday, according to a source close to Trump. The meeting — their first conversation since DeSantis dropped out of the GOP primary in January — was arranged through Steve Witkoff, Trump’s longtime friend and luxury real estate developer, at the request of DeSantis, according to the source. Witkoff is hosting a fundraiser in Miami for Trump next Sunday, according to a copy of the invite obtained by CNN. DeSantis told donors and supporters at an appreciation retreat earlier this month that he would help fundraise for Trump, two sources familiar with the details told CNN. Following his failed White House bid, DeSantis endorsed Trump in the Republican primary, but he has not appeared with the presumptive GOP nominee at any campaign events since.
Persons: Donald Trump, Ron DeSantis, DeSantis, , Steve Witkoff, Trump’s Organizations: CNN, Florida Gov, GOP, The Washington Post, Trump, Republican Locations: Miami, Trump
More than half, 55%, of all Americans say they see Trump’s presidency as a success, while 44% see it as a failure. Four years ago, he was able to assail Trump’s time in office from his position as a challenger. Biden won all three in 2020 after Trump won them in 2016 in his victory over Democratic nominee Hillary Clinton. In the poll, 92% of Republicans view Trump’s time in office a success, while just 73% of Democrats say Biden’s has been a success. And while 85% of Democrats polled say they back Biden, 91% of Republicans say they support Trump.
Persons: Joe Biden, Donald Trump, he’s, William Barr, Trump, CNN he’d, Ron DeSantis, Biden, Robert F, Kennedy Jr, , Israel, Mike Johnson, Benjamin Netanyahu, underscoring, Hillary Clinton, South Carolina Republican Sen, Lindsey Graham, CNN’s Dana, Nikki Haley, Biden’s, CNN’s Kristen Holmes, Kit Maher, CNN’s Kaitlan Collins, Trump . Barr, Trump’s, Chris Sununu, Haley, , Georgia —, ” Biden, He’s, Colin Jost, , ” Jost, Washington Hilton Organizations: CNN, GOP, Republican Party, Florida Gov, Trump’s, Democratic, Columbia University, National Guard, Israel, DeSantis, CBS, Biden, Trump, Trump ., South Carolina Republican, South Carolina Gov, New, New Hampshire Gov, , White, Republican, Washington Locations: New York, Gaza, Manhattan, Rafah, Michigan , Pennsylvania, Wisconsin, “ State, New Hampshire, Georgia, Ukraine, Russia, Israel, American
Joe Biden used his speech at the White House Correspondents' Association dinner to mock Donald Trump. AdvertisementOften referred to as Washington's "nerd prom," hundreds of journalists, politicians, and celebrities rubbed shoulders on Saturday evening at the White House Correspondents' Association dinner. President Joe Biden jokes about his age and Donald Trump at the 2024 White House Correspondents’ Dinner. Trump responded to Biden's Saturday comments on his Truth Social platform, saying, "The White House Correspondents' Dinner was really bad. Later in his White House Correspondents' speech, Biden also delivered some light-hearted jokes at the media's expense.
Persons: Joe Biden, Donald Trump, Biden, , Trump, Mike Pence, Stormy Daniels, Donald, 81NH5r3hg2, 2bD4ZOo9cl —, Joe, Ron DeSantis, Ron DeSanctimonious, 4ggDwycPlY — Joe Biden, Colin Jost Organizations: White, Correspondents, Association, Trump, Service, Republican, 2bD4ZOo9cl — MSNBC, Florida Gov, Unions Washington DC, Union, New York Times, The New York Times Locations: New York
“Will Joe Biden Debate? He eagerly attended almost all of the Republican primary debates and all of the general election debates in 2016. About two years ago, the Republican National Committee voted unanimously to withdraw from its participation in the nonpartisan Commission on Presidential Debates, the organization governing general-election presidential debates, citing bias. It’s not clear to the Biden campaign what, if anything, changed since the Republican Party pulled out of the commission. The Biden campaign views its 2020 debate experience with Trump as one that was ultimately positive for then-candidate Biden.
Persons: Donald Trump’s, Joe Biden, Biden, Howard Stern, , Trump, , Republican surrogates, Will Joe Biden, Donald Trump, Susie Wiles, Chris LaCivita, Kellyanne Conway, Kamala Harris, surrogates, hasn’t, Trump’s, they’re, ” Trump’s, Cornel West, Robert F, Kennedy Jr, isn’t, Ronna McDaniel, McDaniel, He’s, Joe Biden’s, Brett O’Donnell, prepped Sen, Mitt, Ron DeSantis, Mari Will, ” Will, Will, it’s Organizations: CNN, Trump, Truth Social, Fighters, Republican, Trump co, Republican National, Presidential, Labor, Biden, Republican Party, Florida Gov Locations: Biden’s State, Mitt Romney, Florida
Some members of Trump's team want to restructure the Federal Reserve, the WSJ reported. That could include allowing the president to have a direct say on interest rate decisions. Trump has previously been critical of Powell's handling of interest rates during the pandemic. To help the Fed achieve its 2% inflation target, the Federal Open Market Committee has hiked interest rates 11 consecutive times since March 2022. Advertisement"I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."
Persons: Jerome Powell, , Donald Trump, Trump, President Trump, Susie Wiles, Chris LaCivita, Powell, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Joe Biden, Robert F, Kennedy Jr, Biden Organizations: Federal Reserve, Service, Street, Trump, Management, Federal, Fed, Fox News, Republican, Florida Gov, South Carolina Gov, Biden, GOP Locations: New York
Billionaire investor Ron Baron told CNBC that Tesla is "going to go up huge." The stock has reached bottom after investors were unsure if the firm was scrapping plans for a low-cost model. "Oh, it's going to go up huge," he told CNBC on Wednesday. He also cited that Tesla could make a profit by eventually selling its full-self driving technology to other carmakers. Previously, Baron disclosed that he has made nearly 20 times its Tesla investment since buying the stock a decade prior.
Persons: Ron Baron, Tesla, Baron, , Elon Musk, Musk Organizations: CNBC, Service, Baron Capital, Baron Partners Fund
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