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SINGAPORE — Shares in Japan were set to trade lower at the Monday open as investors in Asia-Pacific await Chinese economic data, including the country's GDP print for the fourth quarter. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,330 while its counterpart in Osaka was at 28,370. Investor focus on Monday will likely be on Chinese economic data expected to be out at around 10:00 a.m. HK/SIN. That includes the country's fourth-quarter GDP print as well as industrial production and retail sales figures for December.
Persons: Trump, Joe Biden's Organizations: Nikkei, Reuters, Huawei, Intel Locations: SINGAPORE, Japan, Asia, Pacific, Chicago, Osaka, Australia, U.S
Cliff Welch | Icon Sportswire | Getty ImagesNational Football League lineman Ndamukong Suh tries to speak with Warren Buffett quarterly to catch up and solicit investment advice. Suh, who now plays for the Tampa Bay Buccaneers, said Buffett discussed opportunities and being in position when they arrive. While waiting for investing opportunities, he's also preparing for life after football. "I've seen a lot of good growth in those areas that a lot of people wouldn't expect," Suh said. Tom Brady #12 of the Tampa Bay Buccaneers throws a pass during the first half against the New Orleans Saints at Raymond James Stadium on November 08, 2020 in Tampa, Florida.
Persons: Matt Ryan, Ndamukong Suh, Raymond James, Cliff Welch, Warren Buffett, Suh, Buffett, he's, Tom Brady, Drew Brees, I've, We've, He's, Gary Shiffman, Howard Schultz, I'm, Phil Knight, Knight, they've, Mike Ehrmann, Brady Organizations: Falcons, Bucs, Atlanta Falcons, Tampa Bay Buccaneers, Raymond, Getty, National Football League, University of Nebraska, CNBC, New Orleans Saints, NFL, Saints, Canadian, Sun Communities Inc, Starbucks, Detroit Lions, Bay Packers, Nike, New Locations: Tampa , Florida, Omaha, Portland , Oregon, Portland, New Orleans
Miami Mayor Francis Suarez speaks to the media during the annual hurricane preparation exercise at the City of Miami's Emergency Operations Center on May 29, 2019 in Miami, Florida. Miami Mayor Francis Suarez was leaving lunch at tech billionaire Peter Thiel's house and on his way back to City Hall when he got a text from an unknown number. Usually, tech employees and investors would stick to San Francisco or New York City, since they're major office hubs. After Rabois announced his relocation to Miami, Suarez tweeted at him to congratulate him on the move and the two connected for the first time. "Will be books written about what @FrancisSuarez and @rabois are doing to build Miami into the tech city of the roaring 20's.
Persons: Francis Suarez, Miami Mayor Francis Suarez, Peter Thiel's, Suarez, David B, David Beckham, he's, San, Keith Rabois, Rabois, Francisco that's, I've, Benjamin Kosinski, Will Organizations: Miami, of, Emergency, Center, Miami Mayor, City Hall, Sunshine State, Twitter, CNBC Locations: Miami , Florida, Miami, Silicon, Bay, East, San Francisco, New York City, influencers, Francisco
President Donald Trump retains overwhelming support from Republican voters in the final days of his term, an NBC News poll conducted after a mob of his supporters stormed the U.S. Capitol shows. Eighty-nine percent of Republicans said they approved of Trump before the election, compared to 87% in the most recent poll. The numbers show that Trump continues to have a strong hold on the loyalty of Republican voters even on his way out the door. Among Republicans who primarily support Trump, his job approval stands at 98%. While Trump's support among voters remains essentially constant, a growing number of prominent Republicans have publicly broken with him since the attacks on the Capitol.
Persons: Donald Trump, Joe, Trump, Biden, , Mitch McConnell, Trump's, Liz Cheney, Elaine Chao Organizations: Republican, NBC, U.S . Capitol, Trump, Electoral, Republicans, CNBC, Twitter, Facebook, Capitol, Democratic, Hart Research Locations: Washington, Ky
President-elect Biden's actions this past week underscore that he understands his opportunity and is in a hurry to achieve it. So how has President Trump been helpful to President-elect Biden's ambitions, particularly with his actions of the past days? They are even more keen now, having seen the dangers to American democracy in such stark relief, to embrace President-elect Biden. "President Biden is facing not only an economic crisis but also a political crisis, a cultural crisis, a public-health crisis and an epistemological one," said historian Jon Meacham in The Wall Street Journal. Biden faces vast challenges, but Donald Trump through his actions of the past days inadvertently made the President-elect's job easier.
Persons: Joe Biden, Trump's, , Biden, What's, Kamala Harris, Trump, Biden's, haven't, Abraham Lincoln, George Washington, Franklin Delano Roosevelt, Harry Truman, Ronald Reagan, Lincoln, Truman, George H.W, George H.W . Bush, Jon Meacham, Meacham, Donald Trump, Frederick Kempe, Kennedy, Khrushchev Organizations: U.S, Capitol, Democratic, Senate, Republican, Trump, House, Biden, FDR, Street, Atlantic Council, Wall Street, New York Times, Twitter, CNBC Locations: Wilmington , Delaware, United States, U.S, Georgia, Trump, Washington, George H.W .
How one mother is building generational wealth for her young son
  + stars: | 2021-01-17 | by ( Carmen Reinicke | ) www.cnbc.com + 0.00   time to read: +3 min
Jernessa Jones' next financial goal is twofold – to buy a house and begin to build generational wealth for her 5-year-old son, Kyan Blair. During that time, her credit score sank to about 470 and she went into debt. She found a financial startup – Self Inc. – that would let her open an account with her credit score and started working on building it while paying off debt. She's paid off about $5,000 in debt and has built her credit score back up in the 700s, she said. Now, her focus is on building wealth and passing along financial knowledge to her son.
Persons: Jernessa Jones, Kyan Blair, Jones, Blair, she's, She's, Lauryn Williams, Kilolo Kijakazi, White Organizations: Hillshire Brands, Inc, HOPE, Worth, Urban Institute, Survey, Consumer Finances Locations: Safeplace, Alabama
Since the first Apple store opened in Virginia in 2001, Apple has opened more than 500 brick-and-mortar retail locations across 25 countries. The settings for those stores can vary greatly, from shopping malls to Manhattan's trendy SoHo shopping district. In fact, Jobs reportedly once turned to billionaire Bernard Arnault, chairman of LVMH (which owns luxury brands like Louis Vuitton and Dior) for advice before opening the first Apple stores. As a result, several Apple stores around the world now stand out as much for their architectural features (think waterfalls and a floating sphere) as for the products they sell. Here are five of the coolest-looking Apple stores around the world:
Persons: Steve Jobs, Jobs, Bernard Arnault, Louis Vuitton, Cywinski Jackson Organizations: Apple, Dior, Foster, Partners Locations: Virginia, SoHo
Political chaos won't make a dent in the market. Here's why
  + stars: | 2021-01-17 | by ( Aj Horch | ) www.cnbc.com + 0.00   time to read: +4 min
But according to CNBC contributor and CEO of Ritholtz Wealth Management Josh Brown, the market usually ignores political events, "The market looked at the action ... While political pundits pontificated how this dark day may impact the future of democracy, the markets kept chugging along, hitting new highs baffling some investors. However, when President Theodore Roosevelt began his antitrust crusade against Standard Oil in the early 1900s, the markets took notice. For long-term investors, Catherwood says making market moves based on even the gravest politicals events can be a hasty course of action. SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.
Persons: Josh Brown, Trump, Brown, John F, Kennedy, Jamie Catherwood, Catherwood, William McKinley, Theodore Roosevelt Organizations: CNBC, Ritholtz Wealth, U.S, Building, Trump, Capitol, O'Shaughnessy Asset Management, New York Stock Exchange, Standard Oil, Dow Jones, Comcast Ventures Locations: Washington , U.S, Invest
Kremlin critic Navalny takes off on plane to Russia despite arrest threat
  + stars: | 2021-01-17 | by ( ) www.cnbc.com + 0.98   time to read: +1 min
Kremlin critic Alexei Navalny took off on a plane bound for Russia on Sunday, to return home for the first time since he was poisoned last summer, despite Russian authorities' stated desire to arrest him and potentially jail him for years. "This is the best moment in the last five months," he told reporters after he boarded the plane in the German capital, bound for Moscow. The 44-year-old, who boarded a plane in Berlin at the last minute from a car sitting on the tarmac, hence avoiding other passengers, made light of the risk of being arrested. "I feel like a citizen of Russia who has every right to return," he added. Navalny, who is hoping for success in parliamentary elections in September, faces potential trouble in three other criminal cases too, all of which he says are politically motivated.
Persons: Alexei Navalny, Vladimir Putin's, I'm, Yulia, Navalny Organizations: Russian Locations: Russia, Berlin, Moscow, Germany
Furthermore, President "Main Street" Biden is likely to direct most of those funds into the hands of consumers and small- and medium-sized businesses. For the past four years the single easiest trade in the market has been to buy "High Technology" and sell "Main Street". The long QQQ (Nasdaq) short IWM (Russell 2000) spread has been the best way to trade the market without being exposed to directional risk. But that trade has stalled and with President "Main Street" about to take the reins of power, it may be time to go the other way as Main Street may finally start to outperform high technology. Widely known as a leading foreign exchange expert, Boris has more than 20 years of financial market experience.
Persons: Biden, Joe Biden, Russell, Boris Schlossberg, Boris Organizations: Nasdaq, Federal Reserve, Netflix, Democratic, Trump, BK Asset Management, CNBC
Only 9% of millionaires surveyed by E-Trade think the market is nowhere near a bubble. This bull market has defied every risk thrown at it and market experts continue to believe the path of least resistance is up. CFRA pegs 2021 earnings increase for the S&P 500 Growth component of the index at 13.3% versus 20.1% for its value group. "There is a potential change of leadership in the market," Loewengart said. Over the last three years, the S&P 500 has outperformed the S&P developed international and emerging market indices.
Persons: Mike Loewengart, Biden, Morgan Stanley's, Loewengart, bullishness Organizations: E, Trade, New York Stock Exchange, CNBC, Millionaires, Health, Technology, Capitol, bitcoin Locations: New York City, U.S, financials, China, Georgia
Russian opposition leader Alexei Navalny detained at Moscow airport
  + stars: | 2021-01-17 | by ( ) www.cnbc.com + 0.00   time to read: +4 min
Alexey Navalny, Russian opposition leader, walks with demonstrators during a rally in Moscow, Russia, on Saturday, Feb. 29, 2019. Russian opposition leader Alexei Navalny was detained at a Moscow airport after returning from Germany on Sunday, the prison service said. The prison service said he was detained for multiple violations of parole and terms of a suspended prison sentence and would be held in custody until a court makes a decision in his case. The prison service made the announcement after the flight carrying Navalny landed in the Russian capital, though at a different airport than had been scheduled. After boarding the Moscow flight in Berlin on Sunday, Navalny said of the prospect of arrest: "It's impossible; I'm an innocent man."
Persons: Alexey Navalny, Boris Nemtsov, Alexei Navalny, Vladimir Putin's, Navalny, Navalny's, weren't Organizations: Vnukovo, Police, Novaya Gazeta, Labs, Organization for, Chemical Weapons, Federal Security Service Locations: Moscow, Russia, Germany, Berlin, Russian, Sheremetyevo, St . Petersburg, Navalny, Siberia, France, Sweden, Soviet
Health and Human Services Secretary Alex Azar responded on Twitter Saturday, saying that they had a stockpile of second doses that were released toward the end of December. The HHS chief said that the announcement this week "was that we are releasing the remaining reserved second doses according to the established cadence—ensuring second doses would be available at the right interval—and that going forward we'd no longer have a reserve of second doses." That will allow Biden to increase the number of key resources that will strengthen the supply of doses, Klain said. The Biden administration will ramp up production of those necessary syringes to access the extra doses, Klain said on Sunday. "The feasibility of his goal is absolutely clear," Fauci said of 100 million doses in 100 days.
Persons: Rochelle Walensky, Joe Biden, Jim Watson, Joe Biden's, Dr, Biden, Cheney Orr, Moderna's, Trump, Alex Azar, Ron Klain, Barack Obama, CNN's, Klain, Jessica Daley, Daley, Anthony Fauci, NBC's, Fauci, Scott Gottlieb, Gottlieb, CNBC's Tucker Higgins, Berkeley Lovelace Jr Organizations: Centers for Disease Control, AFP, Getty, for Disease Control, CBS, Trump, CDC, Moderna, Bloomberg, Pfizer, Democratic, Washington Post, Human Services, Twitter, HHS, White, Defense, CNBC, Food and Drug Administration Locations: Wilmington , Delaware, United States, U.S, Tucson , Arizona
Phil Spector, music producer and convicted murderer, dies at 81
  + stars: | 2021-01-17 | by ( Kalhan Rosenblatt | ) www.cnbc.com + 0.00   time to read: +2 min
Phil Spector, the famed music producer who was convicted of the 2003 murder of actor Lana Clarkson, died on Saturday. Long considered a visionary in the world of music, Spector produced albums for countless groups, including The Beatles, the Ronettes and the Righteous Brothers. Lennon referred to Spector as the "the greatest record producer ever," the Associated Press reported, and other iconic musicians like Bruce Springsteen and Brian Wilson replicated the style of sound Spector pioneered. In 2009, Spector was convicted of killing Clarkson in his castle-like mansion in Alhambra, a suburb on the outskirts of Los Angeles. A 2007 trial ended in a hung jury, and a retrial in 2009 found Spector guilty of second-degree murder.
Persons: Phil Spector, Clara Shortridge Foltz, Lana Clarkson, Spector, Harvey Phillip Spector, Long, Doo Ron Ron, John Lennon's, Lennon, Bruce Springsteen, Brian Wilson, Clarkson, Spector's Organizations: Clara Shortridge Foltz Criminal, Center, California Department of Corrections, The New York Times, Times, Associated Press, of Blues, Times . Police Locations: Los Angeles , California, Alhambra, Los Angeles, Ridgemont
President-elect Joe Biden plans to take immediate executive action to turn the page on the Trump era after his inauguration speech this week, chief of staff Ron Klain said Sunday after laying out Biden's plan for his first days in office. "We face four overlapping and compounding crises: the COVID-19 crisis, the resulting economic crisis, the climate crisis, and a racial equity crisis," Klain wrote in the memo. The executive actions come in multiple forms, including executive orders, presidential memoranda, and directives to Cabinet agencies. Among the first actions Biden will take on Wednesday include rejoining the Paris climate change agreement and reversing President Donald Trump's travel ban, which applies to several Muslim-majority countries. The memorandum is sparse on details and notes that Biden is spacing out the executive actions to highlight the activity.
Persons: Donald Trump, Joe Biden, Trump, Ron Klain, Biden, Klain, CNN's, Donald Trump's, Kamala Harris Organizations: White, Democratic, Capitol, White House, NBC News, CNN, Democrats, Republicans Locations: Washington ,, Dallas , Pennsylvania, Paris, Georgia
A member of the Pennsylvania National Guard stands outside of the State Capitol building ahead of anti-government protests in Harrisburg, Pennsylvania, U.S., on Sunday, Jan. 17, 2021. Fencing, boarded-up windows and extra police and National Guard troops transformed some statehouses ahead of expected protests leading up to President-elect Joe Biden's inauguration on Wednesday. The FBI has warned of the potential for armed protests at the nation's Capitol and all 50 state capitol buildings beginning this weekend. On Sunday morning, state police and National Guard troops stood sentry around a number of statehouses, including those in Michigan, Ohio and Pennsylvania. One counter-protester came early to greet any demonstrators at the Pennsylvania Capitol, saying he had heard about the possibility of a meet-up of a far-right militant group.
Persons: Joe Biden's, Donald Trump, Stephen Rzonca Organizations: Pennsylvania National Guard, State Capitol, National Guard, U.S, Capitol, Electoral, FBI, Pennsylvania Capitol Locations: Harrisburg , Pennsylvania, U.S, Michigan , Ohio, Pennsylvania, Columbus , Ohio, Lansing , Michigan, Atlanta
Microsoft-owned GitHub, the code sharing site for software developers, said on Sunday that the company's head of human resources resigned after an investigation into the company's dismissal of a Jewish employee found "significant errors of judgment and procedure." Fellow GitHub employees raised concerns about why the company fired the employee immediately afterward, according to a statement from Chief Operating Officer Erica Brescia. After an independent investigation, the company found "significant errors of judgment and procedure" concerning the dismissal of the employee, Brescia said. "Our head of HR has taken personal accountability and resigned from GitHub yesterday morning, Saturday, January 16th," Brescia said in a blog post on Sunday. The company did not disclose the name of the human resources chief who resigned, however, Carrie Olesen has served in the top spot.
Persons: GitHub, Donald Trump, Slack, Erica Brescia, Brescia, Carrie Olesen Organizations: Trump, U.S . Capitol Police, Capitol, Microsoft, U.S . Capitol Locations: Washington, Brescia, GitHub
A file photo dated September 29, 2019 shows Russian opposition leader Alexei Navalny during a rally in support of political prisoners in Prospekt Sakharova Street in Moscow, Russia. Alexei Navalny is unconscious in hospital after allegedly being poisoned according to his press secretary. WASHINGTON – President-elect Joe Biden's national security advisor Jake Sullivan called for the immediate release of Russian opposition leader Alexei Navalny, who was detained Sunday upon arrival at an airport in Moscow. A bipartisan group of U.S. senators had called on the Trump administration to impose sanctions on Russia in response to Navalny's poisoning. "Alexei Navalny's poisoning is completely reprehensible.
Persons: Alexei Navalny, WASHINGTON, Joe Biden's, Jake Sullivan, Navalny, Sullivan, Joe Biden, Biden, Donald Trump, Trump, I'm, John Ullyot, Alexei Navalny's, Novichok, Sergei Skripal, Vladimir Putin Organizations: WASHINGTON –, Twitter, Department of State, Putin, European Union, Kremlin, National Security Locations: Moscow, Russia, Berlin, Germany, United Kingdom, U.S, Soviet Union, United States, England
Malaysia takes WTO legal action against EU over palm biofuel curbs
  + stars: | 2021-01-16 | by ( ) www.cnbc.com sentiment -0.99   time to read: +1 min
This picture taken on February 13, 2019 shows a worker trimming leaves on a newly created dwarf palm oil tree at the Malaysian Palm Oil Board (MPOB) research station in Bukit Lawiang in southern Johor state. Malaysia is taking legal action at the global trade watchdog against the European Union and member states France and Lithuania for restricting palm oil-based biofuels, the government said. The EU directive "will mean the use of palm oil as biofuel in the EU cannot be taken into account in the calculation of renewable energy targets and in turn create undue trade restrictions to the country's palm oil industry," he said in the statement. The ministry filed the WTO request with cooperation from the Attorney General's Chambers and the International Trade and Industry Ministry, taking action it had warned of in July against EU Renewable Energy Directive II. Malaysia will act as a third party in a separate WTO case lodged by neighboring Indonesia, the world's biggest palm oil producer, as a sign of solidarity and support, the ministry statement said.
Persons: Mohd Khairuddin Aman Razali, General's Chambers Organizations: Malaysian Palm Oil Board, European Union, Plantation Industries, Commodities Ministry, Malaysia, EU, International Trade and Industry Ministry, EU Renewable Energy Locations: Malaysian, Bukit Lawiang, Johor, Malaysia, France, Lithuania, EU, Europe, Indonesia
US imposes fresh sanctions on Iran in final days of Trump presidency
  + stars: | 2021-01-16 | by ( ) www.cnbc.com sentiment -0.98   time to read: +1 min
The United States on Friday imposed sanctions on companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation. He said Iran's Marine Industries Organization, Aerospace Industries Organization and the Iran Aviation Industries Organization had also been blacklisted over conventional arms proliferation. In a statement later on Friday, Pompeo said he was also increasing the scope of metals-related sanctions against Iran administered by the State Department. Saying the agreement did not go far enough, Trump in 2018 quit an Iran nuclear deal, which Tehran struck with world powers in 2015 to rein in its nuclear program in return for sanctions relief. Democratic President-elect Joe Biden, who will succeed Trump on Wednesday, has said he will return to the 2015 nuclear pact if Iran resumes strict compliance with it.
Persons: Donald Trump's, Mike Pompeo, Washington, Pompeo, Trump, Joe Biden Organizations: United Arab, Islamic Republic of, Islamic Republic of Iran Shipping Lines, . U.S, Steel, Materials, Iran's Marine Industries Organization, Aerospace Industries Organization, Iran Aviation Industries Organization, State Department, Trump, Democratic Locations: States, Iran, China, United Arab Emirates, Islamic Republic, Islamic Republic of Iran, Tehran, ., UAE
General Motors to invest nearly $800 million in Canada plant to manufacture electric vans
  + stars: | 2021-01-16 | by ( ) www.cnbc.com sentiment -0.80   time to read: +1 min
The first vehicle from GM's BrightDrop will be the EV600 — an electric light commercial vehicle purpose-built for the delivery of goods and services with up to 250 miles in range per charge. General Motors and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric vans. Under the tentative deal, which is yet to be ratified by the union workers, GM has agreed to begin large-scale commercial production of EV600, an electric van, at its CAMI plant, Unifor said in a statement. The Detroit automaker said in a separate statement that work would begin immediately at the plant. [nL1N2HR1SK]The Canadian government welcomed the deal and said it would confirm its support as soon as the union members ratified the deal.
Persons: Unifor, François, Philippe Champagne Organizations: General Motors, GM, Detroit, Canadian, Foreign Affairs Locations: CAMI, Ingersoll , Ontario, Canada, Oshawa
The Look Ahead: January 15, 2021
  + stars: | 2021-01-16 | by ( ) www.cnbc.com + 1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update - The Look AheadCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
India starts world's largest Covid-19 vaccination drive
  + stars: | 2021-01-16 | by ( ) www.cnbc.com + 0.00   time to read: +5 min
India started inoculating health workers Saturday in what is likely the world's largest Covid-19 vaccination campaign, joining the ranks of wealthier nations where the effort is already well underway. The country is home to the world's largest vaccine makers and has one of the biggest immunization programs. "We are launching the world's biggest vaccination drive and it shows the world our capability," Modi said in his address. But public health experts point out that the internet remains patchy in large parts of the country, and some remote villages are entirely unconnected. Cargo planes flew 16.5 million shots to different Indian cities last week.
Persons: Narendra Modi, Modi, Dr, S.P, Kalantri, it's, Soumya Swaminathan Organizations: Bangalore, Serum Institute of India, All Indian Institute of Medical Sciences, Health, Health Ministry, Oxford University, U.K, AstraZeneca, Bharat Biotech, Cargo, India's Health, University of Oxford, Health Organization's Locations: Bangalore, India, New Delhi, Bay, Bengal, Maharashtra, United States, Britain, Israel, Canada, Germany, Iran, Mexico, Brazil
China says latest Covid-19 outbreak caused by imported cases
  + stars: | 2021-01-16 | by ( ) www.cnbc.com + 0.00   time to read: +3 min
China's recent Covid-19 outbreaks in the northeast have come from travelers entering the country or contaminated frozen food imports, the National Health Commission (NHC) said on Saturday. Firstly, they are all imported from abroad, caused by travelers from overseas, or contaminated cold-chain imported items." Of those cases, 115 were local infections, 90 of which were in Hebei province surrounding Beijing that has been hit hardest in the latest wave. Another 23 cases were found in northeastern Heilongjiang province while two cases were reported in Beijing. The total number of confirmed COVID-19 cases in mainland China now stands at 88,118, while the death toll remains unchanged at 4,635.
Persons: Ma Xiaowei, Ma Organizations: National Health Commission, NHC, World Health Organization, WHO Locations: Beijing, Sichuan, Liaoning, Hebei, Heilongjiang, China, Wuhan, Xinhua
Armin Laschet picked as new leader of Germany's CDU party
  + stars: | 2021-01-16 | by ( Annette Weisbach | ) www.cnbc.com + 0.99   time to read: +1 min
Candidate for the chairmanship of Germany's Christian Democratic Union party, Armin Laschet, gestures as he takes part in a discussion at the party's headquarters in Berlin on Jan. 8, 2021. FRANKFURT — Germany's ruling CDU party picked Armin Laschet to be its new chairman on Saturday, possibly paving the way for him to replace Angela Merkel as chancellor at elections later this year. Laschet is currently the prime minister of Germany's North Rhine-Westphalia region, the most populous federal state in the country. With him as chairman, the CDU will likely stay on message and focus on more climate change policies and environmental topics. He has a strong Catholic background which brings him support from Christian circles within the party.
Persons: Armin Laschet, FRANKFURT — Germany's, Angela Merkel, Laschet, Friedrich Merz Organizations: Germany's Christian Democratic Union, Bundestag Locations: Berlin, FRANKFURT, Westphalia
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