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What exactly are "Black jobs" — and are they really at risk from the recent surge of immigrants? "They're taking Black jobs, and they're taking Hispanic jobs, and you haven't seen it yet, but you're going to see something that's going to be the worst in our history." It's true that Black workers have historically been overrepresented in certain sectors like government and home health care. When it comes to pay, inflation-adjusted weekly earnings for Black workers reached a two-decade high of $314 under Trump. But amid persistent inflation and a cooling job market, Black workers' average weekly earnings declined in the most recent quarter to $293.
Persons: Donald Trump, Joe Biden, Derrick Johnson, Johnson, Trump, , Clinton, Keisha Lance Bottoms, Cherron Perry, Thomas, Biden, haven't, Seth Anderson Organizations: Republican, NAACP, NBC, Black, Americans, Biden, Trump, U.S, Former Atlanta, NBC News, Labor Statistics, Economic Policy Institute Locations: Atlanta , Georgia, U.S, U.S ., Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSolana pops after VanEck files first spot ETF application with SEC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, former Atlanta Mayor Keisha Lance Bottoms, a Coinbase Global Advisory Council member and Joe Biden campaign advisor, discusses the role crypto adoption is playing in the upcoming presidential election.
Persons: Solana, explainers, Keisha Lance Bottoms, Joe Biden Organizations: SEC, CNBC Crypto, CNBC, Atlanta, Advisory Council
Atlanta, Georgia CNN —The headwinds facing President Joe Biden’s reelection bid are as apparent in Georgia as any battleground. “President Trump still has to earn these Republican voters,” said Kelvin King, who was among Trump’s most prominent Black supporters in Georgia in 2016 and 2020. “Atlanta rent is way up, food prices soaring to record highs but Biden claims he’s lowering costs. “You know what you’re getting with Joe Biden,” Davis said in an interview in her store, the Beehive. “To me, former President Donald Trump just isn’t an option whatsoever.”The question is whether Singleton stands alone or represents a broader view among young voters.
Persons: Joe Biden’s, Donald Trump, Trump, , Kelvin King, he’s, ” King, , King, “ He’s, denialism —, Brian Kemp, Brad Raffensperger, ” Biden, Biden, who’s, “ We’ve, Keisha Lance Bottoms, “ We’re, aren’t, , , Democrat Mariama Davis, Joe Biden, ” Davis, He’s, Davis, it’s, battlegrounds Trump, Kamala Harris, ” Harris, “ Young, Kerry Singleton Jr, Singleton, ” Singleton, that’s Organizations: Georgia CNN, CNN, Republican, Trump, US, America, Biden, Democratic, Gov, Atlanta, Georgia, Democrat, Morehouse College Locations: Atlanta, Georgia, Arizona, Nevada, Wisconsin , Michigan, Pennsylvania, Nebraska
CNN —Former special prosecutor Nathan Wade says he believes Donald Trump will “absolutely” be put on trial in Georgia in the 2020 election subversion case – even if he wins a second term and he’s in the White House at the time. The question of whether a sitting US president can be forced to stand trial for state-level criminal charges has never been litigated. Wade said in the interview Wednesday that he expects prosecutors and defense attorneys will have to confront that unprecedented scenario if Trump wins the 2024 election. Nathan Wade was asked if he thinks Trump can still be on trial as president. Trial court Judge Scott McAfee had previously ruled that Willis could remain on the case if Wade stepped away, prompting his resignation.
Persons: Nathan Wade, Donald Trump, Wade, Fani Willis, CNN’s, Trump, , , ” Wade, Willis, Nathan Wade’s, Kaitlan Collins Willis, Scott McAfee’s, Fani, improvidently, Steve Sadow, Scott McAfee, McAfee Organizations: CNN, Trump, Peach State, Georgia, Appeals, Wednesday, Atlanta Judicial Circuit Locations: Georgia, Fulton County, Peach, State of Georgia, Atlanta
CNBC Daily Open: Apple shares pop, Musk drops OpenAI lawsuit
  + stars: | 2024-06-12 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Musk drops OpenAI suit Elon Musk dropped his lawsuit against OpenAI, CEO Sam Altman and President Greg Brockman, which alleged breach of contract and fiduciary duty. Apple pops Apple 's shares rose to a record high a day after it announced its push into artificial intelligence. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. For more, CNBC's Jeff Cox explains there could be a huge impact from the consumer price index and the Fed meeting.
Persons: Paul Jacobson, Elon Musk, Sam Altman, Greg Brockman, Siri, OpenAI, Morgan Stanley, Goldman Sachs, David Malpass, Dennis Lockhart, Jeff Cox, — CNBC's Lim Hui Jie, Lisa Kailai Han, Alex Harring, Spencer Kimball, Hayden Field, Samantha Subin, Ashley Capoot, Michael Wayland Organizations: New York Stock Exchange, CNBC, General Motors, GM, OpenAI, Microsoft, Apple, Apple Intelligence, Federal Reserve, Brent, Bank, Biden, Strategic Petroleum Reserve, Atlanta Fed Locations: New York City, U.S, San Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Atlanta Fed President Dennis Lockhart: We might see one or two rate cuts this yearFormer Atlanta Fed President Dennis Lockhart joins ‘Squawk Box’ to discuss his expectations from the Fed, the state of the economy, and more.
Persons: Dennis Lockhart Organizations: Former Atlanta Fed, Atlanta Fed, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is more focused on inflation than the labor market, says Dennis LockhartDennis Lockhart, Former Atlanta Fed President, discusses his expectations for the upcoming Federal Reserve meeting.
Persons: Dennis Lockhart Dennis Lockhart Organizations: Former Atlanta Fed, Reserve
A longtime Democratic stronghold and home to the city of Atlanta, Fulton County will present an uphill challenge for Kramer, a vocal Trump supporter. I’m very passionate about making sure the citizens of Fulton County feel confident in their DA,” he added. He lost the primary to Willis and former District Attorney Paul Howard, whom he later endorsed in a runoff. Asked if he believes that Willis has the support of Fulton County after her testimony, Dickens told CNN: “Yes. In that case, like she’s attempting to do with Trump and his allies, Willis used the racketeering statute as a tool to build a broad conspiracy case.
Persons: Fani Willis, Donald Trump, Christian Wise Smith, Willis, Courtney Kramer, Kramer, Trump, Joe Biden, Nathan Wade, Wise Smith, , , Smith, Paul Howard, Atlanta Mayor Andre Dickens, Dickens, Willis ’, it’s, It’s Donald Trump, ” Dickens, Atlanta Mayor Shirley Franklin, Charlie Bailey, Reginald Jackson, Gerald Griggs, Griggs, “ I’m, ” Willis, Young Thug Organizations: CNN, Fulton, White, Trump, Democratic, DA, Georgia Democrats, Atlanta Mayor, Democrat, City Hall, AME, Georgia NAACP Locations: Fulton County, Georgia, Atlanta, of Atlanta
ATLANTA (AP) — Bill Belichick made no demands for additional authority during his two interviews with Atlanta in the coach search that led to the hiring of Raheem Morris, according to Falcons owner Arthur Blank. Speaking for the first time on Friday about the search, Blank said Belichick did not request control of player personnel, as was widely speculated. Belichick had player personnel control in New England. Blank said he was impressed by the experience Morris, a former Atlanta assistant coach, gained with the Rams. “I would never, ever feel slighted ... for what people would feel about coach Belichick, right?”Blank was ill and did not attend Monday's news conference.
Persons: — Bill Belichick, Raheem Morris, Arthur Blank, Blank, Belichick, Morris, Don Shula’s, , , who’s, ” Blank, “ Bill Belichick, Terry Fontenot, Rich McKay, Fontenot, McKay, ” Morris, ” Belichick, Arthur Smith, “ I’ve, ___ Organizations: ATLANTA, Atlanta, Falcons, New England Patriots, Los Angeles Rams, of Fame, Tampa Bay Buccaneers, MLS Atlanta United, Blank, Rams, Patriots, Pittsburgh Steelers, Super Locations: New England, Atlanta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed trying to calm down expectations for March rate cut, says Dennis LockhartDennis Lockhart, Former Atlanta Fed President, joins 'Power Lunch' to give his reaction to the Fed decision to leave rates unchanged.
Persons: Dennis Lockhart Dennis Lockhart Organizations: Former Atlanta Fed
He will be the first former Chargers player to return to the team as head coach. The Chargers are the fourth of eight teams to fill their head coach job, following New England, Las Vegas and Tennessee. Manuel may promote Sherrone Moore to replace Harbaugh after the offensive coordinator filled in for him during the final three games of the regular season. Herbert will be playing for his fourth head coach and possibly fourth offensive coordinator in five seasons. Harbaugh became a first-time head coach at the University of San Diego in 2004 and left after three seasons to start a four-year run at Stanford.
Persons: — Jim Harbaugh, hasn’t, Harbaugh, Brandon Staley, Tom Telesco, Jan, Warde Manuel, Manuel, Sherrone Moore, Brady Hoke, Rich Rodriguez, Lloyd Carr, , Justin Herbert, Herbert, Norv Turner, Marty Schottenheimer, Turner, Don Yee, Yee, Tom Brady —, Sean Payton, John, he’s, David Shaw, Leslie Frazier, Mike Vrabel, Dan Quinn, Raheem Morris, Steve Wilks, Todd Monken, Giff Smith, Kellen Moore —, Patrick Graham, Mike Macdonald, Ben Johnson, Aaron Glenn, Brian Callahan, JoJo Wooden, Brandon Brown, Joe Hortiz, Ian Cunningham, Terrance Gray, Jeff Ireland, Ed Dodds, Jeff King, Dawn Aponte, ___ Maaddi, Lage, ___ Organizations: Los Angeles Chargers, Associated Press, NFL, Chargers, Bolts, Raiders, Atlanta Falcons, Michigan, Ohio State Buckeyes, Wolverines, College Football, Alabama, Rose, AFC, Houston Oilers, Giants, Jets, Jaguars, Bowl, Denver, Minnesota Vikings, Broncos, Carolina Panthers, NFC, Indianapolis Colts, Pittsburgh, University of San, Stanford, 49ers, NCAA, Big, Buffalo Bills, Tennessee Titans, Dallas, Atlanta, Los Angeles Rams, Tampa Bay, San Francisco 49ers, Arizona, Baltimore Ravens, Las Vegas Raiders, Detroit Lions, Cincinnati Bengals, Nine, New York Giants, Terrance Gray , New Orleans Saints Locations: COSTA MESA, Calif, Michigan, Los Angeles, Las Vegas, New England, Las Vegas and Tennessee, Atlanta , Carolina, Seattle, Washington, Pasadena, San Francisco, Baltimore, University of San Diego, Minnesota, Atlanta, Carolina, Detroit, Tennessee, Chicago, Buffalo, Terrance Gray , New Orleans, Tampa , Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Atlanta Fed President Dennis Lockhart: Powell will keep his options open on rate hikesFormer Atlanta Fed President Dennis Lockhart and Paul McCulley, former PIMCO chief economist, join 'Power Lunch' to discuss the Fed's decision on rate hikes and more.
Persons: Dennis Lockhart, Powell, Paul McCulley Organizations: Former Atlanta Fed, Atlanta Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Atlanta Fed President Dennis Lockhart: There's a disinflationary trend underwayFormer Atlanta Fed President Dennis Lockhart joins 'Squawk Box' to discuss the Fed's rate hike campaign, whether the slowdown in inflation is a trend or momentary blip, the state of the economy, rate path outlook, and more.
Persons: Dennis Lockhart, There's Organizations: Former Atlanta Fed, Atlanta Fed
Since lawyers Kenneth Chesebro and Sidney Powell have both filed speedy trial demands, Fulton County Superior Court Judge Scott McAfee said their trial would begin Oct. 23, but he seemed skeptical of prosecutors’ arguments that all 19 defendants could be tried together that soon. The judge said Chesebro and Powell would be tried together starting on the Oct. 23 trial date already set for Chesebro to comply with their demands for a speedy trial. Four other defendants who are also seeking to move their cases to federal court have hearings set before Jones later this month. Whenever and wherever any trial in the case ultimately takes place, jury selection is likely to be a challenge. Jury selection in a racketeering and gang case brought last year by Willis began in January and is still ongoing.
Persons: Donald Trump, Kenneth Chesebro, Sidney Powell, Scott McAfee, , Nathan Wade, Fani Willis, Chesebro, Powell, Scott Grubman, , Chesebro’s, ” Chesebro, Trump, Manny Arora, She’s, Brian Rafferty, they're, Will Wooten, Mark Meadows, Steve Jones, Jones, McAfee, Willis, Willis ’, aren’t Organizations: ATLANTA, YouTube, Trump, Chesebro, Georgia Republicans, Republican, White House, U.S, District, Atlanta Locations: Georgia, Fulton County, Coffee County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTransitory inflation is in goods, not services: Citi's Andrew HollenhorstPeter Boockvar, Bleakley Financial Group CIO, Dennis Lockhart, former Atlanta Fed president, and Andrew Hollenhorst, Citi chief U.S. economist, join 'The Exchange' to discuss Fed policy aiding natural disinflation, where core goods inflation is headed, and Chair Powell's upcoming Jackson Hole remarks.
Persons: Citi's Andrew Hollenhorst Peter Boockvar, Dennis Lockhart, Andrew Hollenhorst, Jackson Organizations: Bleakley Financial, Atlanta Fed, Citi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Atlanta Fed President Dennis Lockhart: A rate cut in May '24 is wishful thinkingFormer Atlanta Fed President Dennis Lockhart joins 'Squawk on the Street' to discuss what the Federal Reserve sees going forward, how investors should think about potential rate cuts next year, and more.
Persons: Dennis Lockhart Organizations: Former Atlanta Fed, Atlanta Fed, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Atlanta Fed President Dennis Lockhart: At least one more rate hike is requiredFormer Atlanta Fed President Dennis Lockhart joins 'Squawk Box' to preview the Fed's interest rate decision today, the rate hike path for the rest of the year, the impact on markets, and more.
Persons: Dennis Lockhart Organizations: Former Atlanta Fed, Atlanta Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed still has work to do with rate hikes, says Fmr. Fed President Dennis LockhartDennis Lockhart, Former Atlanta Fed President, joins 'Closing Bell Overtime' to discuss the June jobs report and what it could mean for the Fed's next decision on rate hikes.
Persons: Fmr, Dennis Lockhart Dennis Lockhart Organizations: Former Atlanta Fed
And even if the Fed does pause, Ferguson says it doesn't mean that more rate hikes aren't coming over the rest of the year. He isn't alone in the view that a Fed pause won't last long. This view is underpinned by, among other things, a labor market that continues to be tight. Others see recent cooling the labor market as a signal the Fed may soon have more need to moderate its rate hike strategy. "The broad picture here is the labor market is cooling in a sustainable way.
Persons: Savita Subramanian, Roger Ferguson, That's, Ferguson, CNBC's, isn't, Michelle Girard, Steve Liesman, Dennis Lockhart, Lockhart, Fed's, Jerome Powell, Brendan McDermid, — Ferguson, Wharton, Jeremy Siegel, Siegel, Jerome Powell's, Rucha Vankudre, Nick Bunker, Bunker, Goldman Sachs, David Solomon —, Solomon, Goldman, Frederic Mishkin, it's, Mishkin, we've Organizations: Federal Reserve, Dow Jones, NASDAQ, Bank of America, Fed, NatWest Markets, Atlanta Fed, Traders, New York Stock Exchange, CNBC, Conference Board, Labor, Lightcast, Former Fed, Bank of Canada, Reserve Bank of Australia Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed skipping rates in June looks likely, says former Fed President Dennis LockhartDennis Lockhart, Former Atlanta Fed President, joins 'Closing Bell: Overtime' to discuss jobless claims and the lookahead to the Fed.
Persons: Dennis Lockhart Dennis Lockhart Organizations: Former Atlanta Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt ceiling uncertainty leads to volatility, says fmr. Atlanta Fed presidentFormer Atlanta Fed President Dennis Lockhart joins 'Closing Bell Overtime' to discuss the White House meeting to discuss the Federal Reserve's hiking cycle, the debt ceiling, and what a default could mean for the U.S. economy.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the former Atlanta Fed president sees increased risks of hard landingDennis Lockhart, Former Atlanta Fed President, on the Fed and economy with CNBC's Melissa Lee and the Fast Money traders.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor revisions beginning a tipping point in economic trends, says Dennis LockhartFormer Atlanta Fed President Dennis Lockhart joins 'Closing Bell Overtime' to discuss labor market softening, the possibility of a hike or a pause, and a reversal in bank loan volumes.
The 51-year-old Fulton County district attorney will need that kind of tenacity if she decides to bring criminal charges against Trump, who is seeking the 2024 Republican presidential nomination. Willis, a Democrat, has taken an aggressive approach in the Trump investigation, subpoenaing some of his allies including Republican U.S. "It doesn't matter if you're rich, poor, Black, white, Democrat or Republican," Willis, who is Black, told CNN last year. Trump, who in November announced another run for the presidency in 2024, has denied wrongdoing and has called Willis a "Radical Left Prosecutor." To assist with the Trump investigation, Willis retained private Atlanta lawyer John Floyd, who wrote a guide on prosecuting state racketeering charges and worked with Willis on the teacher case.
That would be the kind of tenacity Willis, 51, would need if she decides to bring criminal charges against the Republican former president. Willis, a Democrat, has taken an aggressive approach in the Trump investigation, subpoenaing some of his allies including Republican U.S. To assist with the Trump investigation, Willis retained private Atlanta lawyer John Floyd, who wrote a guide on prosecuting state racketeering charges and worked with Willis on the teacher case. Willis told a judge on Jan. 24 that a decision on whether to bring criminal charges was "imminent" after a special grand jury completed its work. Portions of the grand jury's report are expected to be publicly released on Thursday, though any recommendations on criminal charges will remain sealed for now.
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