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☆ Trump's campaign goes into damage control mode after he suggests cutting Medicare and Social Security benefits
▼ + stars: | 2024-03-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

"There is a lot you can do in terms of entitlements in terms of cutting and in terms of also the theft and the bad management of entitlements, tremendous bad management of entitlements. He added: "I know that they're going to end up weakening Social Security because the country is weak," in an apparent suggestion that the Biden administration would make cuts to the program. AdvertisementTrump's campaign immediately jumped into damage control mode, sending out a press release shortly after his remarks, saying the former President's remarks focused on "protecting entitlements like Social Security and Medicare" and he "would get rid of waste and fraud." "I won't cut Social Security and I won't cut Medicare. … I will protect and strengthen Social Security, Medicare and make the wealthy begin to pay their fair share."

Persons: —, Donald Trump, Joe Biden, Trump, CNBC's Joe Kernan, Biden, Trump's, I'm, … Organizations: Service, CNBC, Social Security, Business, CNN, Trump Locations: New Hampshire

☆ CNBC invited Trump on its air. The network didn’t even try to stop his lies
▼ + stars: | 2024-03-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

“I believe on the ‘Squawk’ news line, we are joined by former President Donald J. Trump, DJT 45. It’s been a while, Mr. President,” Joe Kernen, co-host of “Squawk Box,” greeted Trump on the air. Almost immediately after commencing the interview, Trump launched into one of his trademark, fact-free rants. Instead, the outlet quickly spliced Trump’s comments into a handful of clips and posted them online, amplifying his comments further. “We appreciate all the time you’ve given us this morning, Mr. President,” Kernen said.

Persons: Donald Trump, “, Donald J, Trump, It’s, ” Joe Kernen, ”, Kernen, Joe Biden’s, Biden, ” Trump, Andrew Ross Sorkin, Sorkin, Brian Roberts, Rachel Maddow, “ Biden, Fani Willis, Jean Carroll, ominously, ” Kernen Organizations: New York CNN, CNBC, Monday, Republican, U.S . Energy Information Administration, Trump, NBCU News Group, Comcast, NBC, MSNBC Locations: New York, Joe Biden’s State, U.S, Trump, China, Fulton County

☆ TD Cowen upgrades Ross Stores, citing uptick in off-price retail traffic
▼ + stars: | 2023-08-03 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

TD Cowen thinks investors are overlooking a buying opportunity in Ross Stores . Analyst John Kernan upgraded the retailer's stock to outperform from market perform and raised his price target to $128 from $113. Kernan's price target implies upside potential of 14.5% from Wednesday's close. According to Kernan, data from Cowen's consumer tracking survey indicates a sequential uptick during May, June and July in visitation to off-price vendors such as Ross. The survey indicated that traffic in Ross Stores reached a peak of 25% in May before easing slightly in June, and then reaccelerating to 25% in July.

Persons: Cowen, John Kernan, Kernan, Ross, — CNBC's Michael Bloom Organizations: Ross Stores Locations: Wednesday's

☆ Athleisure is everywhere. Here are the stocks benefiting from a growing love of comfortable clothing
▼ + stars: | 2023-08-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Though studies on the topic are hard to come by, anecdotal evidence points to a continued love for casual and comfortable items exiting the pandemic. The two stocks have diverged this year: Lululemon shares have advanced nearly 20%, while Nike shares have slid 7%. The majority of Wall Street views the stock favorably, with more than 70% of analysts rating it a buy or strong buy, according to Refinitiv. Deckers' shares are up 39% in 2023. DECK 5Y mountain Deckers shares over the last half decade Analysts see more upside ahead.

Persons: comfort's, Simeon Siegel, Ashley Owens, ONON, BMO's Siegel, Cowen's John Kernan, Baird, Jonathan Komp, Bank of America's David Roux, Roux, Hoka, Raymond James, Rick Patel, Patel, Jay Sole, Sole, — CNBC's Michael Bloom Organizations: Wall Street, BMO Capital Markets, Companies, Street, Lululemon, Nike, Bank of America's, UBS

☆ Consumer spending trailing consumer sentiment lower. Look at Home Depot
▼ + stars: | 2023-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Recent consumer sentiment reports have been poor, so it's reasonable to assume the consumer spending backdrop has softened. The company is cutting guidance due to the weaker lumber prices, weather and is also citing "further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand." If we are on the side of the American consumer (I am), then lower lumber prices are good, right? Running shoes are hot. Second case in point: On Holding (ONON), which makes the trendy ON running shoes, is up 94% YTD.

☆ Bill Oesterle, Co-Founder of Angie’s List, Dies at 57
▼ + stars: | 2023-05-14 | by ( Daniel E. Slotnik | ) www.nytimes.com time to read: +1 min

In 1999, with the dot-com boom near its apogee, Angie’s List moved online. The site, which still charged a subscription fee and also made money through advertising, rated different businesses from A to F in categories like punctuality and professionalism. It also allowed users to write signed reviews about different businesses in their area, which Angie’s List hoped would make reviews fairer and more accurate. Mr. Oesterle became chief executive in 1999, when Ms. Hicks left to attend Harvard Business School. In 2004 Mr. Oesterle stepped away to run Mr. Daniels’s campaign for governor.

☆ How investors are playing the China reopening — from beer to travel stocks
▼ + stars: | 2023-01-24 | by ( Seema Mody | ) www.cnbc.com time to read: +2 min

China is reopening and investors are ready for it. After a bruising 2022, hedge funds have been adding positions in Chinese stocks. Carter points out that even with China's outperformance this year, the MSCI China ETF is trading at 12 times earnings versus a Nasdaq valuation of 22 times earnings. HBSC analysts are recommending Yum China , saying the company is set to benefit from restaurants reopening. With the Lunar New Year underway, travel analyst Jake Fuller at BTIG raised his estimates on Booking Holdings for the first quarter citing "strong trends so far in January" and "China's reopening."

☆ Cowen upgrades Skechers, says footwear stock could rally nearly 40% as brand gains momentum
▼ + stars: | 2023-01-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Skechers has upside potential that Wall Street could be missing, Cowen said. Analyst John Kernan upgraded the stock to outperform from market perform. Kernan said Skechers remains the second most-liked casual sneaker brand in the U.S. with about 19% preference share, behind leader Nike at around 25%. Specifically, he's expecting 12% sales growth in 2023, above the Wall Street consensus of 9%. Kernan noted the Street may not have fully accounted for potential tailwinds coming from a supply chain recovery.

☆ Wall Street absolutely loves this retailer, poised to benefit from the industry's inventory issues
▼ + stars: | 2022-11-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The off-price retailer beat earnings expectations on Wednesday, reporting third-quarter earnings-per-share of 86 cents versus a StreetAccount estimate of 80 cents. Revenue, however, came in lower than expected, at $12.17 billion compared to the $12.3 billion expected by Wall Street. The glut of inventory in the retail space has helped lift TJX 's earnings, CEO Ernie Herrman said on the earnings conference call Wednesday. TJX's comparable-store sales were driven by the excellent performance of Marmaxx, particularly its apparel business, the company said. U.S. Marmaxx sales, which includes T.J. Maxx and Marshalls brand stores, rose 3%in the third quarter, while TJX's HomeGoods' comparable-store sales sank 16%.

☆ Yeezy without the Ye? Who is new ‘sole’ owner
▼ + stars: | 2022-10-25 | by ( Jon Sarlin | ) edition.cnn.com time to read: +7 min

While the Adidas statement definitively closes the door on selling Yeezy branded products, according to legal experts I talked with, it opens the door for them to rebrand the existing Yeezy designs sans Ye. Haff told me that the “sole owner” sentence in Adidas statement is a legal “warning shot” to Ye. Could Ye now build out his own Yeezy fashion brand? Adidas’ Yeezy sneakers were some of the most coveted and influential shoes, often selling for thousands of dollars on the resale market. Last month, Cowen analyst John Kernan estimated that the Yeezy brand accounts for 4 to 8% of Adidas’ overall revenues.

NEW YORK, NY, Oct 19 (Reuters) - The Ghost of Christmas Past haunts U.S. store shelves, sales floors and stockrooms this year. Retailers were sitting on $548.8 billion of inventory in July, a 21.6% increase from last year, according to U.S. Census data. Even with retailers slashing prices by up to 40%, shoppers so far this year are hesitant to make major holiday purchases. Increased markdowns and slowed consumer demand may hurt companies' gross margins, said Cowen retail analyst John Kernan in an October note. Analysts are expecting gross margins to shrink for each of the companies next quarter, according to data from Refinitiv.

☆ The best stocks to play Gen Z and Millennial trends like TikTok and Instagram, according to Cowen
▼ + stars: | 2022-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Of those assets, 37.8% will be going to millennials and 15.8% to Gen Z or younger, the firm said. In the report, Cowen analysts highlighted their top ideas for durable free cash flow and earnings-per-share growth supported by positioning within the secular themes they found among Gen Z and millennial preferences and habits. What millennials and Gen Z buy — and how they do it — is increasingly influenced by social media platforms, like TikTok and Instagram, according to Cowen. Buying directly from brands Gen Z and millennials also like to shop directly from brands. "Lululemon's broadened merchandise offerings, paired with its community-based approach, are expanding its use case among consumers," Kernan noted.

Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. Ralph Lauren bought back $234.7 million in shares and paid $48.1 million in dividends during the quarter ended July 2. “We already have momentum and that’s what’s giving us confidence,” Ms. Nielsen said. Ralph Lauren last month said its cash and cash equivalents totaled $1.46 billion as of July 2, down from $2.6 billion a year earlier. The next step would be to open more of its own stores, which in turn boosts e-commerce sales, Ms. Nielsen said.

☆ Îngrijorări la Pentagon: Trump îşi instalează din ce în ce mai mulţi oameni loiali în funcţii cheie
▼ + stars: | 2020-11-12 | by ( ) tvrmoldova.md time to read: +2 min

Surse militare au declarat pentru CNN că „Acestea sunt mişcări de dictator”, titrează Mediafax. De când Donald Trump l-a concediat luni pe secretarul Apărării, Mark Esper, alţi trei oficiali ai Departamentului Apărării au demisionat sau au fost demişi. James Anderson, subsecretarul interimar al apărării pentru politici, a renunţat la poziţie marţi la presiunile Casei Albe, relatează Politico. Joseph Kernan, subsecretarul apărării pentru informaţii şi Jen Stewart, şeful de cabinet al lui Esper, şi-au părăsit posturile şi au fost înlocuiţi de Ezra Cohen-Watnick şi Kash Patel. Este foarte neliniştitor", a declarat un oficial al apărării pentru CNN, adăugând: „Acestea sunt mişcări de dictator".

Persons: SUA Donald Trump, CNN, Donald Trump, Mark Esper, James Anderson, Anderson, Anthony Tata, Trump, Barack Obama, Joseph Kernan, Jen Stewart, Ezra Cohen, Cohen, David Norquist, Adam Smith, . Smith Organizations: Mediafax, Apărării, Casei, Gen, Fox News, CNN, Associated Press, The Washington Post Locations: SUA, America

☆ SUA: Mai mulţi demnitari importanţi din Pentagon au demisionat
▼ + stars: | 2020-11-11 | by ( ) tvrmoldova.md time to read: +2 min

11.11.2020 10:15 Sursa foto:Wikipedia Vizualizari:SUA: Mai mulţi demnitari importanţi din Pentagon au demisionatDepartamentul Apărării american a anunţat că trei membri importanţi ai săi au renunţat la funcţii, a doua zi după ce preşedintele în exerciţiu al SUA, Donald Trump, l-a destituit pe ministrul apărării Mark Esper, transmite Agerpres. Decizia nu a fost total neaşteptată, ţinând cont de divergenţele publice existente între Trump şi Esper pe mai multe subiecte în ultimele luni. Mark Esper se pregătea de ceva vreme pentru perspectiva demisiei sau a destituirii sale după alegerile de la 3 noiembrie, în special dacă Trump ar fi câştigat un al doilea mandat. Esper l-a înfuriat pe Donald Trump prin opoziţia la ameninţarea preşedintelui că va trimite militari activi pentru a reprima protestele antirasism care au zguduit SUA în vară. În plus, Mark Esper nu a fost de acord nici cu atitudinea de desconsidere a NATO afişată de Trump, au mai indicat sursele.

Persons: Donald Trump, Mark Esper, James Anderson, Joseph Kernan, Stewart, Anthony Tata, Barack Obama, Tata, Trump, Esper Organizations: Apărării american, Agerpres, Albă, NATO Locations: SUA, Pentagon, funcţii, exerciţiu, opoziţia

☆ Surse militare din Pentagon pentru CNN: „Trump se comportă ca un dictator”. Cum e împiedicat Joe Biden să-şi preia mandatul
▼ + stars: | 2020-11-11 | by ( ) tvrmoldova.md time to read: +5 min

Agenţia guvernamentală responsabilă de demararea acestor proceduri (acordarea de fonduri guvernamentale etc.) şi care e condusă de o republicană numită de Trump, nu a declanşat încă acest proces. Iar situaţia devine cu atât mai complicată cu cât SUA se confruntă, la fel ca întreaga lume, cu pandemia de coronavirus. Comparativ, la alegerile din 2016, când Trump a fost ales preşedinte al SUA, administraţia Obama a dat undă verde acordării de fonduri pentru echipa preşedintelui ales a doua zi. În 2008, acest lucru sa întâmplat imediat după anunţarea rezultatelor din noaptea alegerilor, în jurul orei 1 noaptea.

Persons: CNN, Donald Trump, Trump, Mike Pompeo, Joe Biden, Biden, Mark Esper, Esper, îşi, Twitter.Esper, George Floyd, Pentagonul, James Anderson, Joseph Kernan, Stewart, Anthony Tata, Barack Obama, CNN ., Gina Haspel, Christopher Wray, Chris, Benjamin Ginsberg, Biden ., administraţia Obama, George Bush, Bush, Gore Organizations: CNN, Albă, Apărării, CIA, FBI, preşedintelui Locations: Pentagon, preşedinte, american, Statelor Unite ale, SUA, Statele Unite, Pennsylvania, Georgia, Michigan, republican, americană, Statelor Unite, Florida

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