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☆ Trump’s freewheeling CNBC interview gives glimpse of the campaign to come
▼ + stars: | 2024-03-11 | by ( Steve Contorno | Kate Sullivan | ) edition.cnn.com time to read: +7 min

In many ways, Monday’s 40-minute call-in to CNBC was typical Trump: evasive, evocative and eventful. His declaration to CNBC that “there is a lot you can do in terms of entitlements in terms of cutting” Social Security and Medicare is already reverberating on the campaign trail. “I won’t cut Social Security and I won’t cut Medicare. Speaking to CNBC, Trump confirmed he recently met with Jeff Yass, a Republican mega donor and billionaire hedge fund manager whose firm is known to own a sizable stake in TikTok. People are rejecting it, and they are watching.”Ending the interview shortly after, host Joe Kernen thanked Trump and extended an opportunity to return.

Persons: Donald Trump, Joe Biden, Trump, who’s, TikTok, ”, Viktor Orbán, – Trump, Biden, “ I’m, “, …, United States –, Mark Zuckerberg, Jeff Yass, TikTok . Trump, ” Trump, ‘, Tik, Ron DeSantis, Nikki Haley, Joe Kernen, Kevin Liptak Organizations: CNN, CNBC, Facebook, Social Security, Trump, Medicare, –, Republican, Mar, GOP, Biden Locations: week’s, Gaza, Washington, New Hampshire, United States, TikTok, TikTok ., Yass

Frank Bruni, a contributing Opinion writer, hosted a written online conversation with the politics writers Joe Klein and Olivia Nuzzi to discuss the state of the likely Biden-Trump race, this week’s State of the Union address and the state of possible third-party threats. Frank Bruni: Olivia, Joe, I’m so psyched to be doing this with two journalists I so hugely admire. What, really, are the chances that something happens today, or tomorrow, or when President Biden delivers his State of the Union remarks on Thursday, that translates into either him or Donald Trump not being on the November ballot? And which of those two would be more likely not to be? Olivia Nuzzi: Aside from biblical intervention, I don’t think anything could possibly happen this week, in the primaries or at the State of the Union address that would dramatically shift the conversation.

Persons: Frank Bruni, Joe Klein, Olivia Nuzzi, Olivia, Joe, —, Biden, Donald Trump Organizations: Biden, Trump, State Locations: week’s State

☆ How the GOP’s rightward shift on immigration helps explain Trump’s primary success
▼ + stars: | 2024-02-27 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

Amid widespread discontent over President Joe Biden’s management of the border, the overall electorate is moving rightward on immigration too, polls show. For now, there’s no question that hardening GOP attitudes on immigration have been critical to Trump’s strong performance through the early primaries. Then, 56% of GOP primary voters said undocumented immigrants should be offered legal status; in last month’s primary, 55% said they should be deported. Immigration ranked as the most important issue for most GOP primary voters in South Carolina, and finished close behind the economy in both Iowa and New Hampshire. McLaughlin said Trump’s dominance among the GOP primary voters most concerned about immigration encapsulates a broader reason for his early success: widespread satisfaction among Republicans about his record in office.

Persons: Donald Trump’s, Joe Biden’s, Trump, What’s, “, Donald Trump, ”, Jim McLaughlin, Joe Biden, ’, Nikki Haley, Trump’s, Haley, Leah Askarinam, McLaughlin, Robert P, Jones, Charles Franklin, Adolf Hitler, ” Biden, Biden, Stephen Miller, Charlie Kirk, Miller, Dwight D, Eisenhower, Matt Barreto, Barreto, Democratic pollster, ” Barreto, Maria Cardona, Tom Suozzi, George Santos, Suozzi, Bill Clinton Organizations: CNN, GOP, Republican, Trump, Biden, Edison Research, Immigration, Former South Carolina Gov, Quinnipiac University, Survey, Religion Research Institute, Marquette Law School, Marquette, Gallup, Republicans, CBS, National Guard, Democratic, UCLA, New, Republican Rep, White, House Republicans Locations: Alabama, Mississippi, New Hampshire, South Carolina, Iowa, New York, Wisconsin, Mexico, United States, American, Trump, Marquette, America, Texas, Celinda, Arizona, Nevada, Mexico ”, week’s State, Brownsville

☆ Dollar rebounds, Fed officials take center stage
▼ + stars: | 2023-11-06 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

Comments from other Fed officials will also be evaluated for signs on whether they expect further rate increases. “Next week’s CPI print is going to be the best adjudicator we have on whether or not the Fed needs to hike rates again,” said Rai. The dollar index was last up 0.13% on the day at 105.19 after earlier dropping to 104.84, the weakest since Sept. 20. The yen hit 151.74 per dollar last week, edging close to October 2022 lows that spurred several rounds of dollar-selling intervention by the Bank of Japan. The Australian dollar fell 0.34% to $0.6491, after earlier reaching a three-month high of $.6523.

Persons: Dado Ruvic, Jerome Powell, ”, Bipan Rai, Lisa Cook, “, Rai, Dane Cekov, Cekov, Karen Brettell, Samuel Indyk, Jonathan Oatis, Aurora Ellis Organizations: REUTERS, U.S, Federal, CIBC Capital Markets, Market Committee, Fed, Bank of Japan, Reserve Bank of Australia, Thomson Locations: North American, Toronto, U.S, London

☆ Dollar dips on growing bets Fed rate hikes are over
▼ + stars: | 2023-11-06 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

Comments from other Fed officials will also be evaluated for signs on whether they expect further rate increases. “Next week’s CPI print is going to be the best adjudicator we have on whether or not the Fed needs to hike rates again,” said Rai. The dollar index was last down 0.03% on the day at 105.02 and got as low as 104.84, the weakest since Sept. 20. Cekov said the yen likely needs to be around the 155 per dollar area for Japanese authorities to consider intervention or to talk the currency up. The yen hit 151.74 per dollar last week, edging close to October 2022 lows that spurred several rounds of dollar-selling intervention by the Bank of Japan.

Persons: Dado Ruvic, Jerome Powell, ”, Bipan Rai, “, Rai, Dane Cekov, Cekov, Sterling, Karen Brettell, Samuel Indyk, Jonathan Oatis Organizations: REUTERS, U.S, Federal, CIBC Capital Markets, Market Committee, Bank of Japan, Thomson Locations: North American, Toronto, U.S, London

☆ Chick-fil-A returns to UK after gay rights backlash forced a retreat
▼ + stars: | 2023-09-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Chick-fil-A is making another foray into the United Kingdom after gay rights campaigners forced the fast-food chain to close a pop-up site in the country in 2019. Each restaurant will be owned and operated as a franchise, Chick-fil-A said, and each is expected to create between 80 and 120 jobs. Chick-fil-A opened a temporary store in Reading, a town west of London, in 2019, triggering protests by local LGBTQ+ rights activists. For years, the restaurant chain has faced criticism from LGBTQ+ rights activists for its past donations to Christian organizations, including the Salvation Army and Fellowship of Christian Athletes, which have expressed opposition to gay rights, including same sex marriage. However, in 2019 the restaurant chain changed the focus of its charitable foundation.

Persons: London CNN —, Dan Cathy, Chick, Truett Cathy, we’ve, ” Joanna Symonds, ” Organizations: London CNN, Berkshire, Salvation Army, of Christian Athletes, Baptist Press Locations: United Kingdom, North America, Reading, London, Asia

☆ Hans Niemann reinstated by Chess.com, vows to become ‘best chess player in the world’ after alleged cheating scandal
▼ + stars: | 2023-08-30 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —American chess grandmaster Hans Niemann has been reinstated by Chess.com following the conclusion of a legal dispute between Niemann, Magnus Carlsen and the online platform, among others. In June, a US judge dismissed a $100 million defamation lawsuit filed by Niemann against Chess.com, five-time world champion Carlsen, and popular streamer and player Hikaru Nakamura. This followed an alleged cheating scandal surrounding Niemann which rocked the sport last year. “I am pleased that my lawsuit against Magnus Carlsen and Chess.com has been resolved in a mutually acceptable manner, and that I am returning to Chess.com,” Niemann said in a video posted on X, formerly Twitter. According to Niemann’s dismissed lawsuit, the dispute began in September 2022 when then world champion Carlsen accused Niemann of cheating at the Sinquefield Cup in St. Louis, Missouri.

Persons: Hans Niemann, Niemann, Magnus Carlsen, Chess.com, Carlsen, Hikaru Nakamura, ”, Hans, ” Chess.com, “, ” Niemann, Magnus, Niemann’s, José Mourinho, ” Carlsen, Pavel Mikheyev, Julius Baer, Nakamura Organizations: CNN, Chess.com, Niemann, Louis Chess Club, YouTube Locations: American, Chess.com, St, Louis , Missouri, Kazakhstan

☆ U.S. and South Korea Agree to Cooperate on Nuclear Weapons
▼ + stars: | 2023-04-26 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

WASHINGTON — The United States will give South Korea a central role for the first time in strategic planning for the use of nuclear weapons in any conflict with North Korea, in return for an agreement that Seoul will not pursue its own nuclear weapons arsenal, American officials said. The agreement, which the two sides are calling the Washington Declaration, is a centerpiece of this week’s state visit by President Yoon Suk Yeol of South Korea, who will appear with President Biden at the White House on Wednesday. The new cooperation is closely modeled on how NATO nations plan for possible nuclear conflict, but the American president will retain the sole authority to decide whether to employ a nuclear weapon. While the United States has never formally adopted a “no first use” policy, officials said such a decision would almost certainly come only after the North itself used a nuclear weapon against South Korea. On Wednesday morning, John Kirby, a spokesman for the National Security Council, said, “I would caution anyone from thinking that there was new focus on the centrality of nuclear weapons,” despite the wording of the new declaration.

☆ Brian Deese to Depart as Top White House Economic Adviser by End of February
▼ + stars: | 2023-02-02 | by ( Annie Linskey | Andrew Restuccia | ) www.wsj.com time to read: 1 min

Brian Deese has been a key voice on many of President’s Biden’s top accomplishments, including negotiations on the Inflation Reduction Act. WASHINGTON— Brian Deese , director of the White House’s National Economic Council, plans to leave his post after two years at the end of February, the White House said Thursday. The Wall Street Journal has previously reported that Mr. Deese was planning to step down from the position as President Biden’s top economic adviser. Mr. Biden hasn’t made a final decision on Mr. Deese’s replacement, administration officials and others familiar with the matter said. That announcement is expected after next week’s State of the Union address, some of the people said.

They’re offering more policy briefings to longtime supporters, Zoom calls with top administration officials and White House tours, too. "The $500,000 people like me, we’re not going to be players in 2024," said Dick Harpootlian, a longtime Democratic donor and South Carolina state senator. For the White House, the shift is an acceleration of a courtship campaign that began more modestly before the midterm elections. Amid concerns about the omicron variant last year, the White House was forced to abandon plans for a more full set of holiday parties. Some of those same people were invited to the White House next month for an in-person policy briefing.

☆ Premarket Stocks: Wall Street's recent love affair with the Fed could turn on a dime
▼ + stars: | 2022-11-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN Business —Fed decision day is here — and so is some potential bad news for the market. Part of that was thanks to solid corporate earnings: Companies from GM to Coca-Cola reported strong profits and sales for the third quarter. We’ve been here before: This isn’t the first time investors rushed into markets on the belief that there would be a Fed pivot. Investors are seemingly addicted to the highs and lows of any perceived shifts in the Fed’s thinking, leaving markets excessively volatile. What’s more, only 66 companies have gone public so far this year, down more than 80% from a year ago.

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