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☆ Trump warns the market will crash if he loses. Investors just laugh
  + stars: | 2024-02-27 | by ( Matt Egan | ) edition.cnn.com   time to read: +7 min
New York CNN —Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House. He went on to say a loss for him would spark “the largest stock market crash we’ve ever had.”But there is no evidence to support that claim. “This is just an encore presentation of what he said last time,” said Art Hogan, chief market strategist at B. Riley Financial. In fact, the stock market has generated higher annual returns when Democrats are in power. It’s true that Trump’s surprise victory in November 2016 helped spark an impressive rally in the stock market as investors bet on deregulation, tax cuts and infrastructure.
Persons: Donald Trump, Trump, you’re, ” Trump, ”, Brian Gardner, “ There’s, ” David Kelly, “, Kelly, Joe Biden, Biden, Hogan, ” Sam Stovall, he’s, “ It’s, Dow, ” Kelly, Gardner, James Singer, CNN it’s “, ” Singer, Jerome Powell —, Powell, Jerome Powell, Greg Valliere, Trump’s Organizations: New, New York CNN, CNN, White, Trump, Asset Management, Dow, Riley, CFRA Research, GOP, “, Nasdaq, Federal Reserve, JPMorgan, Biden, Republicans, Democrat, Research, —, Republican, AGF Investments Locations: New York, Washington, Trump, China
☆ Lawmakers are set to vote to avert a government shutdown. Here’s what it means for markets
  + stars: | 2023-11-14 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +4 min
Washington may be able to avoid a government shutdown by the upcoming Friday deadline, but that doesn't mean Congress — or the markets — are quite in the clear. House Speaker Mike Johnson said on CNBC's " Squawk Box " on Tuesday that he expects enough lawmakers on both sides to pass his two-step "laddered" continuing resolution. The continuing resolution plan would extend federal funding for some government agencies until mid-January, while other agencies would be funded through early February. The House is expected to vote on the continuing resolution around 4:30 p.m. That doesn't mean that you're not going to have the showdown — it just means that this is the prologue," Salisbury said.
Persons: Mike Johnson, Chuck Schumer, Mitch McConnell, Israel, Goldman Sachs, Jan Hatzius, Benjamin Salisbury, Salisbury, Brian Gardner, Gardner, It's, Eric Diton, Diton, We've, we've, — CNBC's Michael Bloom, Chelsey Cox Organizations: Freedom Caucus, Democrats, Wall, Government shutdowns, Wealth Alliance, Moody's, Service Locations: Washington, Salisbury
☆ What Wall Street can expect from key Biden-Xi meeting as U.S.-China relations remain tense
  + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com   time to read: +7 min
Chinese companies, meanwhile, have accelerated in global patent holdings in the cybersecurity sector, according to a recent Nikkei report. More reassurance to Chinese investors To be sure, while these stocks continue to rally, investors in the U.S. largely remain cautious about making any trades based on expectations ahead of the Biden-Xi talks. If anything, Chinese investors could leave Wednesday with more reassurance—which China's economy desperately needs as it struggles to make a post-pandemic recovery. Chinese investors "remain concerned that the deterioration in the bilateral political relationship could have a negative impact on the Chinese economy," Matthews investment strategist Andy Rothman said. Shaun Rein of China Market Research Group told CNBC last week that the meeting "might lower down the temperature," but that he does not expect "anything meaningful" to come from it.
Persons: Joe Biden, Xi Jinping, Frederic Neumann, Neumann, Biden, Xi, Brian Gardner, Gardner, Neo Wang, Wang, Tesla, BYD, Matthews, Andy Rothman, Shaun Rein, Rein, Derek Scissors, CNBC's Organizations: HSBC, Economic Cooperation, South China Morning Post, U.S . Department of Commerce, Nikkei, Micro Devices, Intel, Nvidia, AMD, Micron, MU, Microsoft, Biden, China Market Research Group, CNBC, American Enterprise Institute Locations: China, U.S, Asia, San Francisco, Washington, Beijing, Tesla's China, Europe, South Korea, Japan
☆ Chatter around a possible government shutdown is muted compared to September, says Brian Gardner
  + stars: | 2023-11-13 | 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 EmailChatter around a possible government shutdown is muted compared to September, says Brian GardnerBrian Gardner, Chief Washington Policy Strategist at Stifel, discusses the possibility of a government shutdown this week.
Persons: Brian Gardner Brian Gardner Organizations: Chief Washington
☆ The odds of a government shutdown are rising, says Stifel's Brian Gardner
  + stars: | 2023-11-10 | 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 EmailThe odds of a government shutdown are rising, says Stifel's Brian GardnerCNBC's Emily Wilkins and Brian Gardner, Stifel chief Washington strategist, joins 'Power Lunch' to discuss the looming government shutdown.
Persons: Brian Gardner, Emily Wilkins, Stifel Locations: Washington
☆ What the new House speaker means for government shutdown odds and the markets
  + stars: | 2023-10-26 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
After three weeks without a speaker, House Republicans finally handed the gavel to Mike Johnson of Louisiana on Wednesday. The new House speaker arrives as lawmakers have been unable to pass spending legislation — with a Nov. 17 deadline nearing. Ukraine funding Another pressing issue is President Joe Biden's $106 billion defense supplemental request, on which Johnson has not signaled a clear position. "We expect Mr. Johnson and House Republicans will try to unbundle the proposal." Johnson is taking over as House speaker as the stocks market struggles.
Persons: Mike Johnson of, Johnson, Tobin Marcus, Jan Hatzius, Goldman Sachs, Marcus, Joe Biden's, Brian Gardner, Stifel's, Biden, Gardner, — CNBC's Michael Bloom Organizations: Republicans, Street, GOP, Wolfe Research, Senate, Ukraine, House Republicans, Nasdaq Locations: Mike Johnson of Louisiana, Israel, Ukraine, Washington
☆ Jim Jordan is unlikely to win the 217 votes needed to be House Speaker, says Stifel's Brian Gardner
  + stars: | 2023-10-13 | 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 EmailJim Jordan is unlikely to win the 217 votes needed to be House Speaker, says Stifel's Brian GardnerBrian Gardner, chief Washington policy strategist at Stifel, joins 'The Exchange' to discuss internal division among Republicans stalling the Speakership nomination, the likelihood of another short-term spending bill, and more.
Persons: Jim Jordan, Brian Gardner Brian Gardner Organizations: Republicans Locations: Washington
☆ Congress might be faced with another shutdown next month: Stifel's Brian Gardner
  + stars: | 2023-10-04 | 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 EmailCongress might be faced with another shutdown next month: Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy strategist, joins 'Power Lunch' to discuss the latest news out of Washington.
Persons: Brian Gardner Brian Gardner, Stifel Locations: Washington
☆ Corporate America exhales as government shutdown is averted at the last minute
  + stars: | 2023-10-02 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
New York CNN —Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. But then House Speaker Kevin McCarthy abruptly shifted course and moved to pass a bill with support from Democrats. The Chamber commended lawmakers who voted to keep the government open on a bipartisan basis and called for Congress to finish the job. Gardner noted that there will likely be a move to remove McCarthy as speaker and another potential budget standoff ahead of November 17.
Persons: brinksmanship, ’, Kevin McCarthy, Joe Biden, “, Joshua Bolten, ” Bolten, ”, Brian Gardner, Stifel’s, Gardner, McCarthy, ” Gardner Organizations: New, New York CNN — Corporate, Business, US Chamber of Commerce, Senate Locations: New York, American, Ukraine, Washington —, Washington
☆ White House Preparing for Government Shutdown as House Republicans Lack a Viable Endgame for Funding
  + stars: | 2023-09-22 | by ( Associated Press | Sept. | At P.M. | ) www.usnews.com   time to read: +7 min
WASHINGTON (AP) — The White House is preparing Friday to direct federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded and avert politically and economically costly disruption of federal services. “We got members working, and hopefully we’ll be able to move forward on Tuesday to pass these bills,” McCarthy, R-Calif., told reporters at the Capitol. McCarthy signaled his preference for avoiding a closure, but a hard-right flank of his House majority has effectively seized control. Trump has urged the House Republicans on, pushing them to hold the line against federal spending. The U.S. Travel Industry Association estimates that the travel sector could lose $140 million daily in a shutdown.
Persons: Kevin McCarthy, ” McCarthy, McCarthy, “, ”, Joe Biden, ” Biden, Donald Trump —, Biden, —, Trump, Matt Gaetz, ” Gaetz, Gaetz, legislating, Brian Gardner Organizations: WASHINGTON, House Republicans, Capitol, Biden, Management, OMB, Republicans, Republican, Trump, GOP, Defense, Homeland Security, Foreign Operations, Agricultural, Congressional, Military, Federal Emergency Management Agency, Women, U.S . Travel Industry Association Locations: U.S, Maryland, Washington
☆ Opinion | Living and Dying in ¾ Time
  + stars: | 2023-09-09 | by ( Maureen Dowd | ) www.nytimes.com   time to read: +1 min
Think of them as elusive, shimmering creatures from another planet. I don’t think I ever met anyone as warm. Maybe he liked reporters because he started as a journalist, writing for Billboard magazine. I went with him to Walter Reed medical center when he sang for wounded Iraq and Afghanistan war veterans. During the Covid years, he did “cabin fever Zooms” with health care workers from across the country who were Parrotheads.
Persons: WASHINGTON, Jimmy Buffett, Carl Hulse, —, “ You’re, Jimmy, Walter Reed Organizations: Billboard, The Locations: Washington, Iraq, Afghanistan
☆ We will probably get a government shutdown, but markets will look past it: Stifel's Brian Gardner
  + stars: | 2023-09-01 | 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 EmailWe will probably get a government shutdown, but markets will look past it: Stifel's Brian GardnerBrian Gardner, Stifel Financial chief Washington policy strategist, joins 'Squawk Box' to discuss the return of Congress after Labor Day, whether the U.S. can avoid a government shutdown, the impact on markets and investors, Commerce Secretary Gina Raimondo's trip to China, and more.
Persons: Brian Gardner Brian Gardner, Gina Raimondo's Organizations: Stifel Financial, Labor Locations: Washington, U.S, China
☆ Former Fox executives say they regret helping Rupert Murdoch birth ‘disinformation machine’
  + stars: | 2023-07-12 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
CNN —Three former high-ranking Fox executives are blasting Rupert Murdoch for Fox News’ role spreading disinformation in the public discourse. In a joint statement published Wednesday, the executives — Preston Padden, Ken Solomon, and Bill Reyner — expressed profound regret for their roles helping Murdoch build Fox in its early days. It’s only the latest lawsuit Fox News has faced for advancing false election conspiracy theories after Donald Trump was defeated at the ballot box in 2020. In that same month, Fox News also settled an election-related lawsuit with a Venezuelan businessman who had sued the network. Fox News is also facing another major defamation lawsuit from voting technology company Smartmatic, which is suing the network for $2.7 billion.
Persons: Rupert Murdoch, — Preston Padden, Ken Solomon, Bill Reyner —, Murdoch, Padden, Solomon, Reyner, “, ” “, Fox, ” Padden, —, Ray Epps, Tucker Carlson, It’s, Donald Trump, Abby Grossberg, ”, Epps Organizations: CNN, Fox, Fox News, Federal Communications Commission, Murdoch’s Fox News, FBI, Dominion Voting Systems, Capitol Locations: Washington, Arizona, Venezuelan
☆ How to watch CNN’s town hall with Nikki Haley
  + stars: | 2023-06-04 | by ( Cnn Staff | ) edition.cnn.com   time to read: +1 min
CNN —Republican presidential candidate Nikki Haley will participate in a CNN town hall on Sunday as the field of hopefuls vying for the party’s 2024 nomination continues to grow. Here’s how to watch the town hall with Haley:What time is the town hall? The town hall is set to begin at 8 p.m. The town hall will also be available on demand to pay TV subscribers via CNN.com, CNN apps and cable operator platforms. The town hall is taking place at Grand View University in Des Moines, Iowa.
Persons: Nikki Haley, Haley, Donald Trump, Ron DeSantis, Trump, CNN OTT, Jake Tapper, Tapper Organizations: CNN, Republican, United Nations, GOP, Trump, Florida Gov, CNN.com, Grand View University, Iowa Republicans, Iowa GOP Locations: South Carolina, Washington, Des Moines , Iowa
☆ Final debt ceiling deal will be a fraction of House GOP plan, predicts Stifel's Brian Gardner
  + stars: | 2023-05-01 | 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 EmailFinal debt ceiling deal will be a fraction of House GOP plan, predicts Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy analyst, joins 'Squawk Box' to discuss the latest on the debt ceiling showdown, whether a bipartisan deal is possible, and more.
☆ The political will to increase deposit insurance is not there, says Stifel's Brian Gardner
  + stars: | 2023-03-28 | 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 EmailThe political will to increase deposit insurance is not there, says Stifel's Brian GardnerNicolas Veron, senior fellow at The Peterson Institute for International Economics, and Brian Gardner, Stifel chief Washington policy analyst, join 'Power Lunch' to discuss the SVB hearing, the need for congressional action on guaranteeing small bank deposits, and locating capital for insuring deposits.
☆ Watch CNBC's full interview with Stifel's Brian Gardner and The Peterson Institute's Nicolas Veron
  + stars: | 2023-03-28 | 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 Stifel's Brian Gardner and The Peterson Institute's Nicolas VeronNicolas Veron, senior fellow at The Peterson Institute for International Economics, and Brian Gardner, Stifel chief Washington policy analyst, join 'Power Lunch' to discuss the SVB hearing, the need for congressional action on guaranteeing small bank deposits, and locating capital for insuring deposits.
☆ Fed's Powell faces political storm, policy minefield over SVB oversight
  + stars: | 2023-03-22 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +6 min
Two of the Fed's 12 regional bank presidents resigned as a result of that scandal and Powell launched a fast overhaul of the central bank's ethics rules as criticism mounted. Senator Elizabeth Warren, a longtime Powell opponent, saying she had lost confidence as well in San Francisco Fed President Mary Daly, whose bank was responsible for supervising SVB. Still, turbulence in financial markets and the banking system is likely to feature prominently in Powell's post-meeting news conference, which is scheduled to begin at 2:30 p.m. EDT (1830 GMT). The U.S. central bank will release its policy statement and new economic projections from Fed officials at 2 p.m. EDT. Market expectations are tilted heavily towards the Fed approving another quarter-of-a-percentage-point rate increase, which would lift its benchmark overnight interest rate - the federal funds rate - to the 4.75%-5.00% range.
☆ Lilly to cut some list prices by 70% and offer $25 insulin
  + stars: | 2023-03-01 | by ( Bhanvi Satija Patrick Wingrove | Bhanvi Satija | Patrick Wingrove | ) www.reuters.com   time to read: +4 min
Eli Lilly, along with Sanofi (SASY.PA) and Novo Nordisk (NOVOb.CO) make up 90% of the U.S. market for insulin. Biden, a Democrat, on Tuesday called on Congress and other manufacturers to lower the price of insulin as Lilly had done. The list price for Lispro, a cheaper version of its Humalog insulin, is currently $82.41 for 100 units/mL vials. List prices for drugs often differ from what patients actually pay, including after insurance and other assistance programs. Ricks said the company's insulin price cuts had been planned for some time and were accounted for in Eli Lilly's December financial forecast, which projected 2023 revenue of at least $30.3 billion.
☆ Congress signaling a bumpy road ahead and a potential repeat of 2011
  + stars: | 2023-01-05 | 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 EmailCongress is signaling a bumpy road ahead and a potential repeat of 2011, says Stifel's Brian GardnerBrian Gardner, Chief Washington Policy Strategist at Stifel, joins Worldwide Exchange to discuss the latest on the House Speaker vote.
☆ Women journalists remember Barbara Walters: 'Her powerful legacy lives on'
  + stars: | 2022-12-31 | by ( Julianne Mcshane | ) www.nbcnews.com   time to read: +11 min
Diane Sawyer and Barbara Walters report from London during the wedding of Prince William and Princes Kate in 2011. Guthrie posted a throwback photo of Walters at the “TODAY” anchor desk with the caption: “thank you, Barbara. Harry Reasoner and Barbara Barbara on the set of ABC's evening news in 1976. "Her powerful legacy lives on in all the women journalists who were influenced by her passionate work and searing interviews," Roberts wrote. 'This is my legacy'Led by Oprah, 25 women journalists who were influenced by Barbara Walters say goodbye to her during her final co-host appearance on "The View" in 2014.
☆ Trump once again stirs rumors that he could run as a third-party candidate and split the Republican vote if party turns on him
  + stars: | 2022-12-30 | by ( Tom Porter | ) www.businessinsider.com   time to read: +3 min
Donald Trump shared an article calling on him to abandon Republican Party if it doesn't back him in 2024. The article said Trump could run as a third-party candidate, a move that would split the GOP vote. Trump is facing rising opposition to his 2024 bid from some quarters of the Republican Party. It is a move that would split the Republican Party vote and likely doom the party's 2024 ambitions. He said that a Trump third-party candidacy could have a similar result, but that a Republican loss would teach the "corrupt gravy-train" a lesson.
☆ WNBA star Brittney Griner released from Russian custody in a high-profile prisoner swap between the U.S. and Moscow
  + stars: | 2022-12-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Andrea Mitchell | ) www.nbcnews.com   time to read: +6 min
WASHINGTON — WNBA star Brittney Griner is free Thursday after the Biden administration negotiated her release from a Russian penal colony in exchange for an arms dealer, according to a senior administration official. People familiar with the negotiations for his release say the Russians refused to release Whelan without getting a Russian spy in return. The entrance to the Russian penal colony IK-2 on Nov. 19, 2022, where Griner began serving her sentence. The Biden administration has faced tremendous pressure to help bring home the 6-foot-9 Houston native. Alexander Zemlianichenko / AP fileGriner’s release is the second publicly known U.S. prisoner swap with Russia since the war in Ukraine started.
☆ Some people tried to leave Trump's 2024 launch early but were stopped by security, ABC reporters say
  + stars: | 2022-11-16 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +2 min
Donald Trump launched his 2024 run in front of a crowd of people in Mar-a-Lago on Tuesday. Some people tried to leave the event early — but were stopped by security, two ABC reporters said. ABC reporter Jonathan Karl said Trump's just-over-an-hour speech was "low energy." But his speech — which lasted just over an hour — prompted some of his supporters to leave early, according to ABC News Chief Washington Correspondent Jonathan Karl, who was in the room. Notably, Donald Trump Jr. and Ivanka Trump were not there.
☆ U.S. Commerce's Raimondo vows continued support in talks with Ukraine economy minister
  + stars: | 2022-11-09 | by ( Andrea Shalal | ) www.reuters.com   time to read: +2 min
WASHINGTON, Nov 8 (Reuters) - U.S. Commerce Secretary Gina Raimondo pledged continued strong support for Ukraine during a meeting with the country's economy minister, including efforts by the U.S. government and private sector to help rebuild Ukraine's civilian infrastructure, the Commerce Department said on Tuesday. Ukrainian Economy Minister Yulia Svyrydenko briefed Raimondo at their meeting in Washington on Russia’s recent attacks on Ukraine’s energy infrastructure and Ukraine’s efforts to promote economic recovery, Commerce said in a statement. The two also discussed a U.S.-Ukraine infrastructure task forcebeing formed by the Department of Commerce, Department of Transportation and Ukrainian Ministry of Infrastructure, the department said. Her visit to Washington comes during congressional elections that could see President Joe Biden's Democrats lose control of Congress, with some Republicans already speaking out against continued U.S. support for Ukraine. "At that point, if public opinion on Ukraine starts to shift materially, I think the prospects for U.S. support for Ukraine follow and deteriorate," he said.
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