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☆ Member of Israel's War Cabinet says he'll quit the government June 8 unless there's a new war plan
▼ + stars: | 2024-05-18 | by ( ) www.cnbc.com time to read: +3 min

Israeli war cabinet member Benny Gantz arrives at the US State Department ahead of a meeting with US Secretary of State Antony Blinken on March 5, 2024 in Washington DC. Gantz, a popular politician and longtime political rival of Netanyahu, joined his coalition and the War Cabinet in the early days of the war. There was fresh frustration Friday when the military said its troops in Gaza found the bodies of three hostages killed by Hamas in the Oct. 7 attack. The war began after Hamas' Oct. 7 attack on southern Israel that killed 1,200 people and took 250 others hostage. Israel says around 100 hostages are still captive in Gaza, along with the bodies of around 30 more.

Persons: Benny Gantz, Antony Blinken, Israel, Benjamin Netanyahu, Gantz, Netanyahu, Yoav Gallant, Jake Sullivan Organizations: US State Department, Washington DC, Israeli, U.S, West Bank Locations: Washington, Gaza, Saudi Arabia, Israel, Rafah, U.S, —, Qatar, United States, Egypt

☆ Under Armour was a real threat to Nike. Now it’s fighting to stay relevant
▼ + stars: | 2024-05-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

It was the upstart athletic brand that was making real inroads against Nike, the dominant name in the industry. People saw it as a company that actually could break through and take market share from Nike among the hardcore athletes,” Swartz said. String of controversiesThe period from 2016 onward is when “things really started to fall apart” at Under Armour, Swartz said. A bulk of Under Armour products are sold through sporting goods retailers and department stores, including Macy’s and Kohl’s, and online. The basketball superstar Curry, arguably the best shooter in history, famously signed with Under Armour instead of Nike in 2013.

Persons: Armour, Stephen Curry, Jordan Spieth, Kevin Plank, Howard Schultz’s, Bob Iger’s, Plank, ”, David Swartz, Morningstar, ” Swartz, Justin Sullivan, Tommy Gilligan, ” Plank, Swartz, “, —, Stephanie Linnartz, ” Schwartz, Andrew Kelly, Merrell, Zak Stambor, Stambor, Plank’s, Noel Celis, Eric Smallwood, Dwayne Johnson, Johnson, ” Smallwood, Smallwood, Curry, Joel Embiid, Embiid, Skechers, Caitlin Clark Organizations: New, New York CNN, Nike, Starbucks, Disney, CNN, Sports, North, Maryland Terrapins, Southern Methodist Mustangs, Capital, Maryland, Reuters, —, Armour, Sports Authority, Sporting Goods, UCLA, US Securities and Exchange Commission, Footwear News, Adidas, NBA Golden State Warriors, UA Curry II, Getty, Apex Marketing, United Football League, NBA, WNBA Locations: New York, San Rafael , California, North America, College Park , Maryland, Manhattan , New York, Petaluma , California, Manila, AFP

☆ Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-05-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. And the data has been mostly good, with 78% reporting a positive earnings surprise and 60% delivering a positive sales surprise. But we will get earnings from three portfolio companies, including one of our two "own, don't trade" stocks. In the week ahead, three portfolio companies will report results, while it will be fairly slow for economic data, except for a couple of housing reports. Earnings : After a week without earnings from any Club stocks, we'll get three this coming week.

Persons: Dow Jones, Dow, we'll, TJX, Blackwell, Li Auto, James Hardie, Ralph Lauren Corporation, Booz Allen, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Justin Sullivan Organizations: Wall, Federal Reserve, Dow, Nasdaq, CPI, Palo Alto Networks, Palo, TJX Companies, Nvidia, Nexxen, Alto Networks, Video Communications, Trip.com, James Hardie Industries N.V, Nordson Corp, Keysight Technologies, ZIM Integrated Shipping Services, Lowe's Companies, Eagle Materials, Toll, ViaSat, Urban Outfitters, Target Corp, Devices, Dorian LPG, Dycom, Golden Ocean Group, Petco, Wellness Company, Sonoma, WSM, VF Corp, Star Bulk Carriers Corp, LiveRamp Holdings, Chemical & Mining Co, Grupo Supervielle S.A, BJ's Wholesale, Technologies, TD Bank Group, Intuit, Ross Stores, Booz Allen Hamilton Holding, Mesa Laboratories, Jim Cramer's Charitable, CNBC, Intelligence, SAP Center Locations: Palo Alto, Williams, Chile, San Jose , California

☆ Israel Resists Grand Bargain as U.S. and Saudis Work on Security Pact
▼ + stars: | 2024-05-17 | by ( Edward Wong | Vivian Nereim | ) www.nytimes.com time to read: +1 min

Two years into President Biden’s term, his aides began negotiating with Saudi leaders to have the kingdom establish diplomatic relations with Israel. But when the Israel-Hamas war began last October, the talks withered. American and Saudi officials have tried to revive prospects for a deal by demanding more from Israel — a cease-fire in Gaza and irreversible steps toward the founding of a Palestinian nation. Now those officials say they are close to a final agreement on the main elements of what the Saudis want from the deal: a U.S.-Saudi mutual defense pact and cooperation on a civilian nuclear program in the kingdom. And Jake Sullivan, the White House national security adviser, is expected to follow up when he goes to Saudi Arabia and Israel this weekend.

Persons: Biden’s, Israel —, Antony J, Blinken, Prince Mohammed bin Salman, Jake Sullivan Organizations: Saudi, Hamas, State Department, White House Locations: Israel, Gaza, Palestinian, U.S, Saudi, Riyadh, Saudi Arabia

☆ UAW is playing the 'long game' with unionizing in southern states, says Fmr. Ford CEO Mark Fields
▼ + stars: | 2024-05-17 | 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 EmailUAW is playing the 'long game' with unionizing in southern states, says Fmr. Ford CEO Mark FieldsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Mark Fields, Brian Sullivan, “ Organizations: UAW, Ford, CNBC

☆ April's market wobble was 'an over reaction' to inflation data, says Fundstrat's Tom Lee
▼ + stars: | 2024-05-17 | 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 EmailApril's market wobble was 'an over reaction' to inflation data, says Fundstrat's Tom LeeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tom Lee, Brian Sullivan, “ Organizations: CNBC

☆ Rep. Ritchie Torres talks lithium-ion battery safety legislation
▼ + stars: | 2024-05-17 | 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 EmailRep. Ritchie Torres talks lithium-ion battery safety legislationHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Ritchie Torres, Brian Sullivan, “ Organizations: Rep, CNBC

☆ High-end real estate developer talks demand for ultra-luxury homes in Florida
▼ + stars: | 2024-05-17 | 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 EmailHigh-end real estate developer talks demand for ultra-luxury homes in FloridaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC Locations: Florida

☆ Actor William Shatner on using AI art for new children's album
▼ + stars: | 2024-05-16 | 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 EmailActor William Shatner on using AI art for new children's albumHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: William Shatner, Brian Sullivan, “ Organizations: CNBC

☆ Real estate mogul Ryan Serhant talks national housing market & NYC's skyrocketing rent prices
▼ + stars: | 2024-05-16 | 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 EmailReal estate mogul Ryan Serhant talks national housing market & NYC's skyrocketing rent pricesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Ryan Serhant, Brian Sullivan, “ Organizations: CNBC

☆ Rep. Josh Gottheimer talks Pres. Biden's economic victories and the future of SALT deductions
▼ + stars: | 2024-05-16 | 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 EmailRep. Josh Gottheimer talks Pres. Biden's economic victories and the future of SALT deductionsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Josh Gottheimer, Pres, Brian Sullivan, “ Organizations: CNBC

☆ Ukraine's getting more longe-range missiles that leave the Russians with 'nowhere to hide'
▼ + stars: | 2024-05-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

The number of missiles isn't publicly known, but ATACMS missiles average about $1.3 million each. These air-dropped missiles can fly at low altitudes to avoid detection and have been used to strike Russian naval headquarters and vehicle-repair depots in the occupied Crimean peninsula. The arrival of Storm Shadow missiles — and, several months later, ATAMCS — presented new challenges for Moscow, but Ukraine has received so few it has had to bee choosy over what to target. Indeed, Kyiv has used the American missiles in recent weeks to strike Russian airfields and troop gatherings. Missiles like ATACMS and Storm Shadow "will enable Ukraine to neutralize Russia's advantages and eventually enable them to regain the initiative," he added.

Persons: —, Ben Hodges, John Hamilton The, Jake Sullivan, Grant Shapps, Ben Stansall, Dan Rice, you've, Rice, ATAMCS —, Serhii, Hodges, Moscow's, Jack Watling, Watling Organizations: Service, US, Business, US Army, Army Tactical Missile System, White, MGM, Tactical Missile Systems, Biden administration's, Republicans, Congress, Kyiv, General Staff, Ukrainian Armed Forces, Storm, Shadow, Farnborough, American University Kyiv, Artillery Rocket Systems, Getty, Missiles, Russian Defense Ministry, Royal United Services Institute Locations: Ukraine, New Mexico, Washington, Kyiv, Ukrainian, Italy, France, Crimean, Russia, Russian, Moscow, Donetsk Oblast, Berlin, Avdiivka, Anadolu, Kharkiv

☆ Jake Sullivan met in-person with representatives of countries whose citizens Hamas took hostage
▼ + stars: | 2024-05-16 | by ( Mj Lee | Kylie Atwood | ) edition.cnn.com time to read: +4 min

Washington CNN —President Joe Biden’s national security adviser Jake Sullivan convened for the first time this week an in-person meeting of ambassadors and chiefs of mission representing countries whose citizens were taken hostage by Hamas on October 7, CNN has learned, as a ceasefire and hostages release deal remains stalled. Those 17 countries, along with the United States, have citizens whom Hamas took captive at the outbreak of the Israel-Hamas war. The meeting comes at a critical moment when the efforts to secure the release of hostages and Gaza ceasefire appear to have stalled once again. Multiple US diplomats have told CNN in recent weeks that they are consistently hearing those concerns from their counterparts abroad. Still, the White House has also been clear that the US remains a steadfast supporter of Israel, including its right to defend itself.

Persons: Joe Biden’s, Jake Sullivan, Sullivan, Israel, “, ” Sullivan, Biden, ”, CNN’s Erin Burnett Organizations: Washington CNN, CNN, Hamas, Qatar –, United Nations, Israel, White Locations: Argentina, Austria, Brazil, Bulgaria, Canada, Colombia, Denmark, France, Germany, Hungary, Poland, Portugal, Romania, Serbia, Spain, Thailand, United Kingdom, United States, Israel, Gaza, Egypt, Qatar, Rafah

☆ The U.S. Is Easing Marijuana Restrictions. Here’s How It Works.
▼ + stars: | 2024-05-16 | by ( Eileen Sullivan | ) www.nytimes.com time to read: +1 min

The Biden administration moved on Thursday to downgrade marijuana from the most restrictive category of drugs. The proposed rule, submitted to the Federal Register, is subject to a 60-day comment period, kicking off a lengthy approval process before it takes effect. The proposal, which would move marijuana to Schedule III, from Schedule I, signals a significant shift in how the federal government views the substance, even as it does not legalize the drug. The categories of controlled substances determine production amounts, access, research and legal consequences. Some experts have argued that cigarettes and alcohol, which are not in any of the five categories of controlled substances, should be included in Schedule I because of their demonstrated high risk of abuse and addiction.

Organizations: Biden, Federal

☆ Pres. Biden needs a rate cut in his back pocket by September debate, says James Pethokoukis
▼ + stars: | 2024-05-15 | 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 EmailPres. Biden needs a rate cut in his back pocket by September debate, says James PethokoukisHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Pres, Biden, James Pethokoukis, Brian Sullivan, “ Organizations: CNBC

☆ U.S. National Security Advisor Jake Sullivan plans to visit Saudi Arabia and Israel
▼ + stars: | 2024-05-15 | 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 EmailU.S. National Security Advisor Jake Sullivan plans to visit Saudi Arabia and IsraelU.S. National Security Advisor Jake Sullivan plans to visit Saudi Arabia and Israel this weekend, as tensions rise over Israel's operation in Rafah.

Persons: Jake Sullivan Organizations: U.S, National, Israel U.S . National Locations: Saudi Arabia, Israel, Rafah

☆ Solus' Dan Greenhaus and Charles Schwab's Kevin Gordon talks what is driving the market right now
▼ + stars: | 2024-05-15 | 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 EmailSolus' Dan Greenhaus and Charles Schwab's Kevin Gordon talks what is driving the market right nowHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Dan Greenhaus, Charles Schwab's Kevin Gordon, Brian Sullivan, “ Organizations: CNBC

☆ Davis Sacks on political deep fakes: Panicking about something already handled by existing laws
▼ + stars: | 2024-05-15 | 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 EmailDavis Sacks on political deep fakes: Panicking about something already handled by existing lawsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Davis Sacks, Brian Sullivan, “ Organizations: CNBC

☆ These are the top 10 holdings of the Mormon church's $55 billion stock portfolio
▼ + stars: | 2024-05-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The investment arm of the Mormon church revealed some of its holdings in a 13F filing Wednesday. These are the top 10 holdings of the church's stock portfolio as of March 31. AdvertisementThe Church of Jesus Christ of Latter-day Saints has an investment portfolio of over $100 billion that includes $55 billion invested in publicly traded stocks. AdvertisementThe church, widely known as the Mormon church, reports its stock holdings on a quarterly basis, and a recent 13F filing revealed its top holdings as of March 31. These are the church's top 10 stock holdings at the end of the fourth quarter, as well as the changes in each position.

Persons: —, of Jesus Christ, Eli Lilly Vincent Kessler, Seth Wenig, Ethan Miller, Apple Justin Sullivan, Microsoft Satya Nadella, Sean Gallup Organizations: Service, of Jesus, Securities and Exchange Commission, Advisors, Reuters, JPMorgan AP, UnitedHealth, Mastercard Reuters, Nvidia, Microsoft, Getty

☆ Lawrence Cunningham talks Berkshire Hathaway's investment in Chubb
▼ + stars: | 2024-05-15 | 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 EmailLawrence Cunningham talks Berkshire Hathaway's investment in ChubbHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Lawrence Cunningham, Chubb, Brian Sullivan, “ Organizations: Berkshire, CNBC

☆ Live updates: Israel-Hamas war, Rafah invasion looms, Gaza aid crisis worsens
▼ + stars: | 2024-05-14 | by ( Heather Chen | ) edition.cnn.com time to read: +2 min

A damaged United Nations vehicle is seen in front of a hospital after a UN employee was killed in an attack on a vehicle in Gaza, according to Israeli media. The White House believes an Israeli ground offensive in Rafah would be a mistake and is “urgently” working toward a ceasefire, National Security Adviser Jake Sullivan said Monday. The Biden administration is urging Israel to connect their military operations to a “clear” end game for the war, Sullivan told reporters. Hamas treated in Turkey: Turkish President Recep Tayyip Erdogan said that "more than 1,000 Hamas members are currently under treatment" in Turkish hospitals. Aid ransacked: Israeli activists opposed to helping Palestinians in Gaza intercepted and ransacked an aid shipment.

Persons: Ali Jadallah, Jake Sullivan, Biden, Sullivan, Recep Tayyip Erdogan Organizations: United Nations, UN, Getty, Israel, American, CNN, National, State Department, Hamas, enclave's Health Ministry, West Bank, Palestinian Authority . United Nations Locations: Gaza, Anadolu, Gaza's, Rafah, Israel, Palestinian, Turkey, Turkish, Jordan

☆ Biden administration begins early stages of process toward new $1 billion arms deal for Israel
▼ + stars: | 2024-05-14 | by ( Kylie Atwood | ) edition.cnn.com time to read: +2 min

CNN —The Biden administration on Tuesday began the early stages of a process to move ahead with a new $1 billion arms deal for Israel, according to two congressional sources. There is no set timeline for when Congress would officially be notified of the sale, setting into motion a clock for its approval. The Wall Street Journal was first to report on the administration’s discussions with Congress about this sale. “We are continuing to send military assistance, and we will ensure that Israel receives the full amount provided in the supplemental. We have paused a shipment of 2,000-pound bombs because we do not believe they should be dropped in densely populated cities.

Persons: CNN —, Biden, Jake Sullivan Organizations: CNN, Tuesday, State Department, House Foreign Affairs, Foreign, Congress, Pentagon Locations: Israel, Rafah, Israel imminently

CNN —Former President Donald Trump has praised South Dakota Gov. Kristi Noem, who was once seen as a potential running mate and is now facing backlash over revelations in her new book that she shot and killed her 14-month-old dog. “She’s a terrific person,” Trump said in an interview with radio hosts Clay Travis and Buck Sexton that aired Tuesday. CNN previously reported that Noem had already fallen off Trump’s vice presidential candidate shortlist long before the latest controversy began. Trump’s praise also comes amid escalating tensions between Noem and tribal leaders in South Dakota over her previous remarks about Native American communities.

Persons: Donald Trump, Kristi Noem, ” Trump, Clay Travis, Buck Sexton, “, ”, there’s, ” Noem, Joe Biden’s, Noem, Kim Jong Un, Trump’s, James Singer, CNN’s Kit Maher, Kristen Holmes Organizations: CNN, South Dakota Gov, Cricket, White, North, Trump, Biden Locations: North Korean, Manhattan, South Dakota

☆ Trump’s allies flock to Manhattan courthouse to show support and curry favor with the former president
▼ + stars: | 2024-05-14 | by ( Kate Sullivan | ) edition.cnn.com time to read: +5 min

Vance, another potential vice presidential pick, and Alabama Sen. Tommy Tuberville joined Trump in the courtroom on Monday. Both Vance and Tuberville spoke to reporters outside of the courthouse and attacked Cohen, trying to undermine his credibility during his first day of testimony. Florida Sen. Rick Scott joined Trump in court last week, and Texas Attorney General Ken Paxton made the trip the week before. In the weeks ahead, more of Trump’s allies are expected to join Trump in court, according to a Trump campaign official. Trump has pleaded not guilty to the 34 felony criminal charges of falsifying business records in the New York case.

Persons: Donald Trump’s, Mike Johnson, Trump, Michael Cohen, —, Doug Burgum, Byron Donalds, Cory Mills, Vivek Ramaswamy, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, Tuberville, Cohen, ” Vance, ”, Nicole Malliotakis, Steve Marshall, Brenna Bird, Florida Sen, Rick Scott, Ken Paxton, Eric Trump, “ It’s, Mark Serrano, Judge Merchan, Donald Trump, ” Serrano, Stormy Daniels, CNN’s Manu Raju, Kristen Holmes Organizations: CNN, Republican, GOP, Trump, , North Dakota Gov, Florida Rep, Alabama, Tuberville , New York, Iowa, Texas Locations: Manhattan, Trump, ,, Florida, Ohio, Tuberville ,, Alabama, New York

☆ Streaming was always about bundling, says Human Ventures' Joe Marchese
▼ + stars: | 2024-05-14 | 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 EmailStreaming was always about bundling, says Human Ventures' Joe MarcheseHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Joe Marchese, Brian Sullivan, “ Organizations: Human Ventures, CNBC

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