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Why Tesla is losing share in Europe
  + stars: | 2024-05-22 | 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 EmailWhy Tesla is losing share in EuropeJon McNeill, DVx Ventures CEO and former Tesla president, joins CNBC's 'Squawk on the Street' to discuss Tesla's weak Europe sales, the company's competition with China EV makers, CEO Elon Musk's outlook on autonomous vehicles, and more.
Persons: Tesla, Europe Jon McNeill, Elon Organizations: DVx, China EV Locations: Europe
Any significant reduction or a rollback of the Inflation Reduction Act's support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. "I think we risk losing the auto manufacturing share to China. The IRA of 2022 includes incentives for consumers to purchase EVs as well as significant support for carmakers and suppliers to produce all-electric vehicles and their components in North America rather than overseas. The expansion of Chinese automakers has been a growing concern for companies from Detroit to Germany. Global automakers are worried that BYD and other Chinese rivals could flood their markets, undercutting domestic production and vehicle prices.
Persons: Jon McNeill, McNeill, Donald Trump Organizations: General Motors, DVx Ventures, CNBC, Global, Biden Locations: China, North America, Detroit, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorningstar: Anglo American has been good at playing 'hard to get'Jon Mills, equity analyst at Morningstar, says BHP's last bid for Anglo American is "getting expensive" ahead of Wednesday's deadline for a formal offer.
Persons: Jon Mills, BHP's Organizations: Morningstar
Two of three speakers at the engineering school’s ceremony disappeared abruptly from the school’s graduation website. A self-described “fourth-generation Trojan” from Pasadena, Ms. Blain, who has spent much of her life imagining her own U.S.C. Pro-Palestinian students tried to set up an encampment on campus days later, and university officials summoned the Los Angeles police. At the engineering school, where Ms. Tabassum, the valedictorian, will be graduating, professors were trying to resurrect her chance to speak. A university committee had picked Ms. Tabassum, who is Muslim and of South Asian ancestry, from about 100 undergraduates with near 4.0 grade point averages.
Persons: Kevin Feige, Liza Colón, Zayas, Tina, , , Jaren Lewison, they’re, Ella Blain, Blain, Linda Thomas, Greenfield, Biden, U.S.C, Asna Tabassum, Jon M, Chu, Marcia McNutt, Blain’s, Annette Ricchiazzi, Carol Folt, Missives, Sean Penn, , Goodwin Liu, Merrill Balassone, Phil Chan, Pam Zhang, Safiya Umoja Noble, Lewison, Jane Coaston, Tabassum, Yannis C, Folt, Kevin Crawford Knight, Didi Global, Zohreh, Khademi, Knight, ” Hossein Hashemi, Hashemi, Dustin Jeffords Organizations: University of Southern, Angeles, Marvel Studios, Hollywood, Netflix, Dornsife, of Letters, Arts and Sciences, Los Angeles Memorial, School of Dramatic Arts, University of Michigan, Ann Arbor , Indiana University, Bloomington, Northeastern University, United Nations, University, Vermont’s, Columbia University, National Academy of Sciences, Los Angeles police, Community, Dodger, California Supreme, MacArthur, Rossier School, Education, Jewish, commencements, New York Times, Microsoft, Media, Locations: University of Southern California, Los Angeles, Coast, Aude, Pasadena, Gaza, Ann Arbor ,, Boston, U.S, Israel, U.S.C, California, San Bernardino County
After living there for 20 years, she saw herself as an immigrant, rather than an expat. I'm in the toothpaste aisle at Target, dumbfounded by a selection that runs several shelves long and as many high. After more than 20 years in Cuba, where Close-Up and La Perla were the only choices for most of that time, I'm overwhelmed by the number of options. In Cuba, moreover, women have full autonomy over their bodies, which I feel is the only way it should be. Comfort food, like a juicy hamburger, is one of the great things about living back in the US.
Persons: Conner Gorry, , La Perla, Davidson Jose Salgado, Harley, Davidson, Fidel Castro, I'd, you've, I'm, doctor's, Carolyn Gorry, I've Organizations: Service, La, World Trade, Harley, Diplomats Locations: New York, Havana, Target, Cuba, Detroit, Pakistan, Haiti, , Dijon
Washington CNN —President Joe Biden on Saturday night will attend the White House Correspondents’ Dinner, giving the president a stage and primetime slot to needle the media and his rival former President Donald Trump. “I haven’t had a chance to watch the court proceedings because I’ve been campaigning,” Biden told supporters at a campaign reception in New York Thursday, according to pool reports. While Biden has delivered many of these speeches before, the stakes for what could be his last White House Correspondents’ Dinner are high. “He’s the entertainer.”Administration officials said Katzenberg led daily strategy sessions in the White House residence this week to tweak Biden’s comedy set drafted by longtime speechwriter Vinay Reddy. Biden administration officials said they sought to share that concern with Kelly O’Donnell, president of the White House Correspondents’ Association and senior White House correspondent for NBC News, and with Jost’s team in NBC’s entertainment division as well.
Persons: Joe Biden, Donald Trump, Biden, Calvin Coolidge, Trump, , I’ve, ” Biden, he’d, Jeffrey Katzenberg, Katzenberg, punchlines, Vinay Reddy, Mike Donilon, Steve Ricchetti, Anita Dunn, Karine Jean, Pierre, Annie Tomasini, Live’s Colin Jost, Kelly O’Donnell, ” O’Donnell, , “ He’s, , Rob Flaherty, Dan Cluchey, Jon Macks, Jay Leno ”, Seth Meyers, – Biden, Barack Obama, Lil Jon, Gary Busey, ” Obama, Osama bin Laden Organizations: Washington CNN, White, Trump, Biden, Dreamworks, CNN, New York City –, Republican, ’ Association, White House, NBC News, Gridiron Locations: New York, Ukraine, Israel, Gaza, White, New York City, Washington
Divya Jakatdar imagined that she would spend her senior year of high school celebrating college acceptances with her friends, attending prom and walking across the stage at graduation to the cheers of her family members. Instead, her senior spring arrived at the same time as the coronavirus pandemic. She said goodbye to high school classmates over Zoom; her graduation was a drive-through. Ms. Jakatdar, 21, thought her senior year at the University of Southern California might be a kind of do-over. “It’s a very big hit to morale for the exact class that felt like they lost their high school graduation,” Ms. Jakatdar, the student body president of U.S.C., said a few minutes after getting news that the commencement was off.
Persons: Divya Jakatdar, Jakatdar, Asna Tabassum, Jon M, Chu, Billie Jean King, ” Ms, “ We’ve, Organizations: University of Southern Locations: University of Southern California, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Tesla president: Company is pivoting to autonomy 'because their core business is weak'Jon McNeill, DVx Ventures CEO and former Tesla president, joins 'Squawk Box' to discuss Tesla' quarterly earnings results, the company's demand struggles, production of new affordable EV models by early 2025, Elon Musk's robotaxi and autonomous vehicle ambitions, EV market outlook, and more.
Persons: Jon McNeill, Tesla, Elon Musk's Organizations: Former, Company, DVx
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailP&G CEO Jon Moeller on Q3 results: A complicated but very encouraging pictureP&G chairman, president and CEO Jon Moeller joins 'Squawk Box' to break down the company's quarterly earnings results, strength of the consumer, growth outlook and more.
Persons: Jon Moeller
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelsa price cuts are to keep the factories humming, says DVX Ventures CEOJon McNeill, DVX Ventures CEO and former Tesla president, joins 'Squawk on the Street' to discuss the sales tactics from electric vehicle makers, whether the price cuts are a real sign of desperation, and more.
Persons: Jon McNeill Organizations: DVX
After falling out with Kassan, UTA may think twice about buying another agency. The media and ad industry will be watching to see what, if any, leadership changes UTA makes at MediaLink. The end of the ad industry schmoozefest? One industry veteran said they saw Kassan's exit as an opportunity to change how ad industry consultants operate and charge for services. At the center of the dispute between UTA and Kassan is the MediaLink founder's $950,000 annual expense account.
Persons: Michael Kassan, MediaLink, Kassan, Jeremy Zimmer, Kassan wasn't, Vianney Tisseau, headhunting, Jon Miller, Sanford Michelman, Michelman, Robinson, Ethan Miller, Julian Jacobs, David Anderson, WME, Kassan's, Wenda Harris Millard, wasn't, what's, There's, Lou Paskalis, Marc Sternberg's, Lady Gaga, Elton John, Mariah Carey, Tom Brady, Rob Norman, WPP's Organizations: UTA, Cannes Lions, Consumer, Business, Los Angeles Superior Court, Los, Judicial, Mediation Services, Variety Cannes Lions Studio, Integrated Media, Getty, Talent, Accenture, General Motors, Netflix, JUV Consulting, Madison, Endeavor, Writers Guild of America, Zimmer, Western Initiative Media Worldwide, Interpublic Group, Bank of America, AJL, Marc Sternberg's Brand, Kassan, Southwest, NFL Locations: MediaLink, Cannes, France, Madison, Droga5, Hollywood, Kassan, California, South, Austin
DETROIT – General Motors' long-time head of manufacturing is retiring, and the company has hired a former Tesla and Google executive to fill his shoes. The Detroit automaker said on Tuesday that Gerald Johnson, executive vice president of Global Manufacturing and Sustainability, will pass the baton to Jens Peter "JP" Clausen, a former executive with Tesla, Lego and, most recently, Google. Johnson's departure isn't unexpected after a 44-year tenure with the automaker, however GM also announced another more surprising departure on Tuesday: that of Mike Abbott, executive vice president of software and services. Baris Cetinok, current vice president of product in software and services, has been named Abbott's interim replacement while a search is conducted. The company's board members include former Tesla President of Global Sales and Service Jon McNeill.
Persons: Gerald Johnson, Jens Peter, JP, Clausen, Johnson, Mike Abbott, Abbott, Baris Cetinok, Elon Musk, JB Straubel, Tesla's, Tesla, Gingko Bioworks, Jon McNeill Organizations: Motors, Global Manufacturing, Labor, DETROIT –, Google, Detroit, Sustainability, GM, Apple, Tesla, Softbank, company's, Technology, Global Sales Locations: Warren , Michigan, DETROIT, Nevada, Reno, Zymergen
CNN —The stars of the new “Wicked” movie appear to be gearing up for an epic “method dressing” press tour, having opted for color-coded looks on the Oscars red carpet Sunday night in Los Angeles. Cynthia Erivo wore a bewitching emerald-green custom leather Louis Vuitton gown with structured ruffle sleeves and train, as a nod to her, well, “wicked” character Elphaba. Cynthia Erivo arrives at the Oscars channeling her character Elphaba, Wicked Witch of the West in the fictional world of Oz. Erivo and Grande even attended the 2024 Super Bowl in custom Louis Vuitton jerseys. “There’s always that incredible pressure because it’s so beloved,” Grande told Oscars pre-show co-host Vanessa Hudgens on the red carpet.
Persons: Cynthia Erivo, Louis Vuitton, Elphaba, Ariana Grande, Giambattista Valli —, Glinda, Oz, Jordan Strauss, Laverne Cox, Erivo, Michelle Yeoh, Madame Morrible, Galinda, , Oz ”, Gregory Maguire’s, Dorothy Gale, Tony, Jon M, Chu, Elphaba Thropp, Glinda Upland, Timothée Chalamet, Florence Pugh, “ Barbie, Margot Robbie, movie’s, “ There’s, ” Grande, Vanessa Hudgens, we’ve, ” Idina Menzel, Kristin Chenoweth, “ Congrats, ” Menzel, Instagram Organizations: CNN, Broadway, Super, Erivo, Locations: Los Angeles, Grande
March 2023: Grande and Slater are photographed togetherMichelle Yeoh posted this photo on March 27, 2023. July 20, 2023: Grande and Slater's new relationship makes headlinesEthan Slater is best known for playing SpongeBob SquarePants on Broadway. July 27, 2023: Slater's estranged wife says Grande is 'not a girl's girl'Lily Jay Slater and Ethan Slater in 2017. AdvertisementNovember 16, 2023: Grande attends the opening night of 'Spamalot'Ariana Grande in New York City on November 16, 2023. AdvertisementDecember 22, 2023: Grande includes an apparent nod to Slater in her holiday decorAriana Grande shared these photos on December 22, 2023.
Persons: , Ariana Grande, Ethan Slater, Grande, Cynthia Erivo, Glinda, Jon M, Chu, Slater, Tony, SpongeBob, Dalton Gomez, Gomez, Michelle Yeoh, Michelle Yeoh's Oscar, Yeoh, Erivo, costars Grande, costars, they'd, , Kevin Mazur, Jenny Anderson, TMZ, Lilly Jay, Jay, Slater's, Lily Jay Slater, Page Six's Francesca Bacardi, Bacardi, Dalton, she's, Ethan, Slater Ethan Slater, CJ Rivera, Prince Herbert, She's, who's, Liz Gillies, Gillies, Liz Gillies após, @accessarianabr, James Earl Jones, Josh Gad, Andrew Rannells, Michael Urie, Rannells, Ariana, Bauer, Griffin, James, Joan Grande, Hale Grande, Doug Middlebrook, Grande's, Ed Butera, Butera, We're Organizations: Service, Broadway, Business, Variety, TMZ, Wimbledon, Getty, Nickelodeon, Disney, James Earl Jones Theater, DAMEBK, St, James Theatre, Theater District Locations: New York City, Grande, England, London, Oz, New York, Grande ., @spamalotbway, New York City Grande, Manhattan
The foods we eat have a profound impact on brain health, including our risk of developing Alzheimer's disease. A study showed that people who only moderately followed it reduced their risk of Alzheimer's by 37%. Here's what I try to eat every day to boost my brain health:1. These are all great sources of vitamin B and vitamin D — key nutrients for fighting dementia. Smoothies are a delicious way to incorporate more nuts and seeds into your diet.
Persons: It's, chia Organizations: Harvard, Lean Locations: Dijon
Valentine’s Day movies for almost every mood
  + stars: | 2024-02-14 | by ( Dan Heching | Alli Rosenbloom | ) edition.cnn.com   time to read: +7 min
CNN —Like so many other holidays, Valentine’s Day can evoke a staggeringly wide range of feelings. The good news: Whether you lean in to the romance of it all or run screaming from it, there’s a movie out there for you. In light of the very subjective nature of this red heart-drenched day, here’s a list of mood-specific film recommendations that are sure to scratch whatever itch you might be feeling. If you hate the whole concept of Valentine’s Day, watch ‘True Romance’ or ‘Heathers’If you’re feeling like you need a little bit of die-for-you action to get you through the day – or just the terrific sonic offerings of a Hans Zimmer score – flip on the Quentin Tarantino-written “True Romance.” Not your speed? If you like a little bit of fantasy with your romance, watch ‘Kate & Leopold’There she is again!
Persons: there’s, Cary Grant, Deborah Kerr, Meg Ryan, Hans Zimmer, Quentin Tarantino, , who’s, Whitney Houston, Kevin Costner, Dolly Parton, Warner, Laura Esquivel, , , you’re, George Clooney, Michelle Pfeiffer, Julia Roberts, Luca, Timothee, Celine Song’s, Jennifer Lopez, Steven Soderbergh, , Oscar, Dame Judi Dench, Bill Nighy, Harry Met Sally ’, Harry Met Sally ”, Billy Crystal, Meryl Streep, Uma Thurman, Harry Met Sally, Jon M, Chu, Henry Golding, Constance Wu, Michelle Yeoh, Kate, Leopold ’, Duke, Hugh Jackman, Jude, Jim Sturgess, Lucy, Evan Rachel Wood, Valentine ’ Organizations: CNN, Houston, Warner Bros, Everett, Sony Pictures, Rich, Valentine’s Locations: Seattle, Chicago, Italy, India, New York City, Columbia, Singapore, York City
"After more than 20 years at CBRE Darcy Stacom has decided to leave the company at the end of March to launch her own commercial real estate firm, and we wish her well with her new endeavor," the email read. The end of Stacom's tenure reflects sweeping challenges and generational shifts in commercial real estate. And in 2018, Stacom represented Google in its $2.4 billion acquisition of a new office property overlooking the Hudson River. "She's had an unbelievable career," said Jon Mechanic, chairman of the law firm Fried Frank's real estate practice, who has worked with Stacom on countless deals. The person did not want to be identified because they had not been authorized by CBRE to speak about Stacom's exit.
Persons: Darcy Stacom, Matthew Van Buren, Chris Ludeman, CBRE Darcy Stacom, Stacom, Paul Massey, Stacom's, Peter Cooper, Zhang Xin, She's, Jon Mechanic, Fried, Adam Spies, Doug Harmon, Newmark, CBRE, Doug Middleton Organizations: Skyscrapers, New, State, Business, CBRE, Real, Advisors, Stuyvesant Town, General, Google, New York Locations: New York, CBRE's Tri, New York City, CBRE, Stuyvesant, Hudson
MINNEAPOLIS (AP) — The Minnesota Supreme Court on Wednesday reversed the murder and kidnapping convictions of a former probation officer who was sentenced to life without parole for her role in the death of a Minneapolis real estate agent. In the early hours of 2020, Baugh was found shot to death in a Minneapolis alley. The state Supreme Court affirmed the convictions of two of the other defendants earlier while its ruling on Wiggins, the alleged leader of the plot, remains pending. But they said the evidence was not strong enough to convict her of aiding and abetting first-degree premeditated murder, or premeditated attempted murder. So the high court threw out her convictions and sent the case back to the lower court for further proceedings on the remaining kidnapping and felony murder charges.
Persons: Elsa Segura, Baugh, Baugh’s, Jon Mitchell, Lydon Wiggins, Wiggins, ” Segura, Segura, Organizations: Minnesota Supreme Locations: MINNEAPOLIS, Minnesota, Minneapolis
Terry Jon Martin, 76, stole the slippers in 2005 from the Judy Garland Museum in the late actor’s hometown of Grand Rapids, Minnesota. But a person who deals in stolen goods, known as a fence, informed him the rubies were glass, Martin said. But old habits die hard, and the thought of a ‘final score’ kept him up at night,” DeKrey wrote. Hollywood memorabilia collector Michael Shaw had loaned one pair to the museum when Martin stole them. The Judy Garland Museum, located in the house where she lived, says it has the world’s largest collection of Garland and Wizard of Oz memorabilia.
Persons: , Judy Garland, Oz, he's, Terry Jon Martin, Martin wasn’t, Dane DeKrey, Martin, DeKrey, , Terry, , ” DeKrey, , Patrick Schiltz, Terry ”, Dorothy, Michael Shaw, Garland, Frances Gumm Organizations: Judy Garland Museum, FBI, U.S, District, Academy of Motion Picture Arts and Sciences, Smithsonian Museum of Locations: MINNEAPOLIS, Grand Rapids , Minnesota, Duluth, Grand Rapids, Minneapolis, Kansas, Oz, Hollywood, Los Angeles
Read previewAmazon is about to shake up the TV ad marketplace as it prepares to show ads to Prime Video viewers starting Monday. The e-commerce giant's entrance into the streaming ad wars is its latest move to grow its $38 billion ads business. Discovery, as well as YouTube, with its big connected TV ad business. An Amazon spokesperson said the company has had a "strong response from agencies" wanting their clients to be first on Prime Video. AdvertisementAnd the launch comes as most TV ad dollars have already been spoken for.
Persons: , Morgan Stanley, it's, execs, Jon Morgenstern, Nielsen, We've, Greg Peters, Dave Campanelli Organizations: Service, Business, Comcast, Warner Bros, Netflix, Amazon, Disney, Intelligence, Amazon Prime, New, Research, Prime, Amazon Channels, streaming's, Horizon, CTV
While Japan and the United Nations' nuclear watchdog said the move was safe, China retaliated by banning all seafood imported from Japan. Chinese consumers followed with boycotts on Japanese brands, including P&G's SK-II, fearing that their products would be tainted by radiation. While the brand took a hit in the previous quarter, P&G executives said SK-II is already seeing sales turn around. "Our consumer research indicates SK-II brand sentiment is improving, and we expect to see sequential improvement in the back half," CFO Andre Schulten said on the company's earnings conference call. CEO Jon Moeller also reminded investors that previous tensions between Japan and China have hurt SK-II's sales, but the brand always bounced back.
Persons: Gamble, Andre Schulten, Jon Moeller Organizations: Procter, SK, United Nations, G's SK Locations: Greater China, Japan, , China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailP&G CEO Jon Moeller on fiscal Q2 earnings: A very strong quarter overallP&G chairman and CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024.
Persons: Jon Moeller
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with P&G chairman and CEO Jon MoellerP&G chairman and CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024.
Persons: Jon Moeller
We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Tesla, ServiceNow, Bill McDermott, Russell, , Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China
Martin pleaded guilty in October to using a hammer to smash the glass of the museum door and display case to take the slippers. Martin had no idea about the cultural significance of the ruby slippers and had never seen the movie. Garland wore several pairs of ruby slippers during filming of the classic 1939 musical, but only four authentic pairs are known to remain. The slippers were on loan to the museum from Hollywood memorabilia collector Michael Shaw when Martin stole them. The Judy Garland Museum, located in the house where she lived, says it has the world’s largest collection of Garland and Wizard of Oz memorabilia.
Persons: Judy Garland, Oz ”, Terry Jon Martin's, Martin wasn't, Martin, Dane DeKrey, hadn't, Terry, , DeKrey, ” DeKrey, Terry ”, , Martin's, , Martin didn't, Garland, Michael Shaw, Dorothy, Frances Gumm Organizations: Judy Garland Museum, FBI, Defense, Academy of Motion Picture Arts and Sciences, Smithsonian Museum of Locations: Grand Rapids , Minnesota, Duluth , Minnesota, Minneapolis, Hollywood, Kansas, Grand Rapids, Los Angeles
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