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President Donald Trump on Wednesday retweeted a post in which Rep. Matt Gaetz called for the president to issue himself a pardon. "President Trump should pardon Flynn, the Thanksgiving turkey, and everyone from himself, to his admin, to Joe Exotic if he has to," tweeted Gaetz. There has been speculation that the president may indeed issue himself a pardon before leaving office. President Donald Trump retweeted GOP ally Rep. Matt Gaetz calling for him to pardon "himself" and potentially more members of his administration before leaving office. The post, from Wednesday, said: "President Trump should pardon Flynn, the Thanksgiving turkey, and everyone from himself, to his admin, to Joe Exotic if he has to."
Persons: Donald Trump, Matt Gaetz, Trump, Flynn, Joe, Donald Trump retweeted, Gaetz, Cyrus Vance, emptively, Richard Nixon, Gerald Ford, Michael Flynn, Joe Biden, Joseph Maldonado, Roger Stone Organizations: Donald Trump retweeted GOP, Fox News, , Supreme, New York Times, FBI, Russian, Trump, Times, Netflix Locations: Manhattan's, New York, Russia
Francisco Teran has been a security guard at a luxury watch store in Manhattan’s Upper East Side for almost two years. These days it feels like a totally new job. A year ago, a typical day for Mr. Teran consisted of taking his post inside the store on Madison Avenue and watching shoppers file in and out all day, keeping an eye out for potential theft or other suspicious activity. Now, because of Covid-19, shoppers enter mainly by appointment, making Mr. Teran a combination bouncer, receptionist, health-care worker and sentinel.
Persons: Francisco Teran, Teran Locations: Manhattan’s, Madison
James D. Wolfensohn, Former World Bank Chief, Dies at Age 86
  + stars: | 2020-11-25 | by ( James R. Hagerty | ) www.wsj.com sentiment -0.97   time to read: 1 min
James D. Wolfensohn, an Australian-born investment banker who helped arrange a bailout of Chrysler Corp. in 1980 and was president of the World Bank for a decade starting in 1995, died early Wednesday at his home in Manhattan. Mr. Wolfensohn, who was 86 years old, had a variety of ailments in recent years and died of pneumonia, unrelated to Covid-19, said his son, Adam Wolfensohn.
Persons: James D, Wolfensohn, Adam Wolfensohn Organizations: Chrysler Corp, World Bank Locations: Australian, Manhattan
Column: Risk pricing needs rethink into 2021 - Mike Dolan
  + stars: | 2020-11-25 | by ( Mike Dolan | ) www.reuters.com + 0.00   time to read: +5 min
The U.S. Treasury bond market’s equivalent index, the MOVE, is by contrast now almost 50% below its mean over the same 15-year period. “AWFULLY MISPRICED”Citi analysts describe the behaviour of equity and bond market volatility as an “interesting medium-term dynamic” that should rectify gradually as the recovery kicks in next year. Forecasting a boom in nominal U.S. gross domestic product growth next year of 7.5% as vaccines kick in, they claim that 10-year Treasury yield of 1% for next 12 months looks “awfully mispriced”. While the overall equity bull market can continue, it can also contain some violent switches that can make for quite volatile gains. But the historically skewed pricing of risk may have to shift once a truer, post-pandemic rebound finally gets underway.
Persons: askew, Andrew Kelly, it’s, gridlock, Goldman Sachs, , ” Morgan Stanley, Morgan Stanley, Russell, there’s, That’s Organizations: Wall, New York Stock Exchange, REUTERS, St, Treasury, Federal, Federal Reserve, JPMorgan, Citi Locations: Manhattan , New York City, U.S, cyclicals
Fox News has reached a settlement with slain Democratic National Committee employee Seth Rich's parents, who alleged in a lawsuit that the cable news company exploited their son's death in stories and commentary. Rich was shot and killed in 2016 in Washington, D.C., in what authorities described as a botched robbery attempt. His parents, Joel and Mary Rich, had objected to a Fox article and commentary falsely suggesting their son had leaked DNC emails to WikiLeaks during the presidential campaign. Internet theories that Rich had been assassinated for leaking emails were contradicted by U.S. intelligence reports. Rich's parents, in a statement, said the settlement closed another chapter in their efforts to mourn their son, who was 27 when he was killed.
Persons: Seth Rich's, Rich, Joel, Mary Rich, , ” Fox Organizations: Fox News, Democratic, Washington , D.C, Fox, WikiLeaks, U.S, Circuit Locations: Washington ,, Manhattan, Omaha , Nebraska
That polarization, coupled with the social isolation required to fight this pandemic, has left us feeling more alone than ever. When I was in my late teens, I sat in the back of a taxi zipping through the busyness and bustle of Manhattan. I looked out the window and saw a woman on her phone in a flood of tears. This, I realize, is the danger of siloed living — where moments sad, scary or sacrosanct are all lived out alone. In being invited to share our pain, together we take the first steps toward healing.
Locations: Manhattan, New York
Ivanka Trump and Jared Kushner have drawn up plans to expand their property on President Trump's New Jersey golf course, The New York Times reported. Recent coverage has suggested that the couple are unlikely to be welcomed back to the New York social scene. Ivanka Trump and Jared Kushner are looking to expand their estate in New Jersey, The New York Times reported, as they plan their life after the White House. It comes as early signs from the high-flying New York social scene where they once moved suggest they may not be welcomed back. The Times reported that the moves in Bedminster come as their former social circle in New York looks poised to spurn them.
Persons: Ivanka Trump, Jared Kushner, Trump's, It's, Trump, Kushner, Joe Biden, Donald Trump, Drew Angerer, Donny Deutsch Organizations: Trump's New, New York Times, Times, New, The New York Times, Trump, White, The Times, House, CNN Locations: Trump's New Jersey, New York, New Jersey, The, York, Bedminister Township, Bedminster, Manhattan, Washington DC
Business Insider has rounded up five books to read if you're looking to kickstart their career as a real estate agent. It's never been a stranger — or more opportunistic — time to get in the business, as the coronavirus pandemic has changed all the rules and made real estate a hot asset class. The list includes books from industry leaders like Ryan Serhant and Gary Keller. For those just getting started, the world of real estate can be intimidating. Business Insider has rounded up the top five books to read if you're trying to kick off your career in real estate.
Persons: It's, Ryan Serhant, Gary Keller Organizations: Visit, Business Locations: Manhattan
A home that American actress Gwyneth Paltrow once lived in is as a teenager has gone up for sale with an asking price of $15.5 million. The property is located in Manhattan's Upper East Side. A New York townhouse that American actress Gwyneth Paltrow once lived in has just hit the market for $15.5 million. The seven-bedroom property in Manhattan's Upper East Side dates back to the 1890s. While living there, Paltrow attended the private, all-girls Spence School, according to a biography by Valerie Milano, and her parents sold the property when she was 20.
Persons: Gwyneth Paltrow, Bruce Paltrow, Blythe Danner, Paltrow, Valerie Milano, Read, Brown Harris Stevens Organizations: Fox News, Spence School Locations: Manhattan's, York, New York, California
What the latest unemployment claims data says about markets and the economy
  + stars: | 2020-11-25 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
What the latest unemployment claims data says about markets and the economyCNBC's Steve Liesman, Allison Schrager, senior fellow at the Manhattan Institute, and Jim Paulsen, chief investment strategist at the Leuthold Group, join "Squawk Box" to break down the latest economic data, including initial unemployment claims for the week ending Nov. 21 and the second read on third-quarter GDP.
Persons: Steve Liesman, Allison Schrager, Jim Paulsen Organizations: Manhattan Institute, Leuthold
"This kind of had the most good things for the best price," Lee says. Lee knew she wanted a one-bedroom apartment on the second floor of a building, a preference she admits is "weirdly specific." The couple used a broker from the real estate firm Loftey to find their 700-square-foot, one-bedroom apartment for $4,000 a month in Manhattan's Gramercy Park neighborhood. To put their rent in perspective, the median rent for a one-bedroom rental apartment in Manhattan is $2,800, according to Oct. 2020 data from StreetEasy. The median asking rent for a one-bedroom apartment in the Gramercy Park neighborhood is $3,290 a month, according to StreetEasy.
Persons: Nikki Lee, Lee, Dyllan, Beatriz Bajuelos, Loftey, Lees, rent's, you'd Organizations: San Francisco Bay Area, CNBC Locations: San Francisco Bay, New York City, New York, Gramercy, Bay, Manhattan
Andrew Weissmann, a former prosecutor on the special counsel Robert Mueller's team, said President Donald Trump should be investigated and, if warranted, prosecuted for federal crimes after leaving the White House. He commuted Mr. Stone's sentence, who was duly convicted by a jury but never spent a day in jail for crimes that a federal judge found were committed for the president," Weissmann wrote. The New York attorney general's office is also conducting a broad civil investigation into the Trump Organization's business practices. Such potential financial crimes were not explored by the special counsel investigation and could reveal criminal evidence." In his Times op-ed, Weissmann acknowledged the possibility that Trump may pardon his associates, family members, and even himself before leaving office to avoid criminal exposure.
Persons: Andrew Weissmann, Robert Mueller's, Donald Trump, Weissmann, Trump, Mueller, Roger Stone, Paul Manafort, Mueller's, Stormy Daniels, indicting Trump Organizations: White, New York Times, New, Trump, Trump Organization, The New, Department, White House, Mueller Investigation, Senate Intelligence Locations: Russia, New York, Manhattan, The New York
Andrew Cuomo on Friday urged the federal government to provide funding to distribute a coronavirus vaccine, saying states currently don't have the money. "The states are broke," Cuomo said during a press briefing in Rochester, New York. They estimate that the cost to the states to distribute a vaccine ... $8 billion. "With everyone doing everything they can in nine months the nation administered 180 million Covid tests nationwide. Cuomo said he is scheduled to meet with President-elect Joe Biden's coronavirus advisory team later Wednesday to discuss what states need to distribute a vaccine.
Persons: Andrew Cuomo, Cuomo, Washington, BioNTech, It's, Joe Biden's, Trump Organizations: New, New York Gov, Pfizer, Food and Drug Administration, Centers for Disease Control, Covid, CDC, Department of Health, Human Services, CNBC, National Governors Association Locations: Manhattan, New York City , New York, Rochester , New York, York, Covid, Staten, New York
E. Jean Carroll visits 'Tell Me Everything' with John Fugelsang in the SiriusXM Studios on July 11, 2019 in New York. The judge, Lewis Kaplan, last month barred the Justice Department from having the U.S. government replace the presumptive lame-duck president as a defendant in the lawsuit. "Accordingly, the motion to substitute the United States in place of President Trump is denied." A Justice Department spokeswoman did not immediately return a request for comment. Carroll first made her claim of being raped by Trump in a New York magazine article published in July 2019.
Persons: Jean Carroll, John Fugelsang, Donald Trump, Lewis Kaplan, Kaplan's, William Barr, Trump, Carroll, Goodman, Kaplan, Trump's, Robbie Kaplan, Jean Carroll's, Donald Trump's, Jean, Hunter S, Thompson Organizations: SiriusXM Studios, U.S . Justice Department, Justice Department, The, U.S, Circuit, Appeals, 2nd, of Justice, White, Elle, Trump Locations: New York, United States, U.S, Manhattan
James D. Wolfensohn, who escaped a financially pinched Australian childhood to become a top Wall Street deal maker and a two-term president of the World Bank, died on Wednesday at his home in Manhattan. Mr. Wolfensohn was a force on Wall Street for years, helping to rescue the Chrysler Corporation while working for Salomon Brothers and running his own thriving boutique firm, before President Bill Clinton nominated him to lead the World Bank, the world’s largest economic development institution. He led fund-raising efforts as chairman of Carnegie Hall and headed a revival of the Kennedy Center for the Performing Arts in Washington. An accomplished cellist under the tutelage of the renowned Jacqueline du Pré, he performed at Carnegie Hall on his milestone birthdays. But his main legacy was his stewardship of the World Bank, to which President Clinton nominated him in 1995 after he had given up his Australian citizenship 14 years earlier to qualify for the job, only to be passed over.
Persons: James D, Wolfensohn, Naomi Wolfensohn, Salomon Brothers, Bill Clinton, Jacqueline du Pré, Clinton Organizations: World Bank, Wall, Chrysler Corporation, Carnegie Hall, Kennedy Center, Performing Arts Locations: Manhattan, Washington, Melbourne
American Eagle posts 3% quarterly sales decline on pandemic hit
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Jeans are seen for sale in an American Eagle Outfitters retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Mike Segar(Reuters) - American Eagle Outfitters Inc reported an about 3% fall in third-quarter revenue on Tuesday, as store traffic slumped due to the COVID-19 pandemic. Revenue at the American Eagle label fell 11% during the quarter ended Oct. 31, while the Aerie brand recorded a revenue jump of 34%. Total revenue fell to $1.03 billion, from $1.07 billion a year earlier. Net income attributable to the company fell to $58.1 million, or 32 cents per share, from $80.76 million, or 48 cents per share.
Persons: Mike Segar Organizations: American Eagle Outfitters, REUTERS, Eagle Outfitters Inc, American Eagle, Refinitiv Locations: Manhattan , New York, U.S, Pittsburgh
Netanyahu promises Israel's ex-spy in U.S. a warm welcome home
  + stars: | 2020-11-24 | by ( Jeffrey Heller | ) www.reuters.com + 0.98   time to read: +2 min
JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu has promised Jonathan Pollard, an American who spent 30 years in U.S. prison for spying for Israel, a warm welcome and a comfortable life in Israel now that parole restrictions have ended. Pollard, 66, said he and his spouse would go to Israel to live, but no date for their travel has been announced. While in prison, the Texas-born Pollard was granted Israeli citizenship, and Israel had long pushed for his release but was spurned by several U.S. presidents. A U.S. Central Intelligence Agency “damage assessment”, made public in 1987, said Pollard had believed U.S. intelligence support of close ally Israel was inadequate. “I truly want to congratulate you that your nightmare is over and you can return home, to Israel,” Netanyahu told Pollard.
Persons: Benjamin Netanyahu, Jonathan Pollard, Brendan McDermid, ” Netanyahu, Pollard, Esther, , Justice Department’s, Donald Trump’s, Organizations: U.S . Navy, REUTERS, U.S . Central Intelligence Agency, U.S, Justice Locations: JERUSALEM, American, Israel, U.S, Manhattan, New York City, Washington, Texas,
At 30,000 points the Dow could lure in small investors still on the sidelines who are now eager to share in the market exuberance. But to most investors its relevance, with only 30 large cap stocks, is not what it was. The total Dow market capitalization is $9.2 trillion and a piffling $28.2 billion is indexed to it, according to S&P Dow Jones Indices. The S&P, with 505 constituents, has a market cap of almost $32 trillion. It is far more important as a barometer of the overall market, with $4.6 trillion indexed to it.
Persons: Andrew Kelly, Dow, Donald Trump, Joe Biden, Biden, , Joe Saluzzi, lockdowns, Russell, JJ Kinehan Organizations: Reuters, Dow Jones, Wall, New York Stock Exchange, REUTERS, Pfizer, Moderna, AstraZeneca, U.S, Themis, Dow, Ameritrade Locations: Manhattan , New York City, U.S, Chatham , New Jersey, Chicago
U.S. consumer confidence slips; house prices surge
  + stars: | 2020-11-24 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +4 min
The consumer confidence index dropped to a reading of 96.1 this month from 101.4 in October. The survey’s present situation measure, based on consumers’ assessment of current business and labor market conditions, slipped to a reading of 105.9. from 106.2 in October. The expectations index based on consumers’ short-term outlook for income, business and labor market conditions fell to 89.5 from a reading of 98.2 in October. “Heading into 2021, consumers do not foresee the economy, nor the labor market, gaining strength,” said Lynn Franco, senior director of economic indicators at The Conference Board. A separate report on Tuesday showed the S&P CoreLogic Case-Shiller 20-metro-area house price index jumped 6.6% from a year ago in September after rising 5.3% in August.
Persons: Carlo Allegri, Joe Biden, Donald Trump, , Lynn Franco Organizations: WASHINGTON, REUTERS, Conference, Biden, Daily, Reuters, The Conference Board, Treasury, Labor Locations: Manhattan, New York City , New York, U.S, Jan, United States
Tesla set to breach $500 billion in market value
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com + 0.91   time to read: +1 min
FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors' showroom in Manhattan's Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo(Reuters) - Tesla Inc was set to breach $500 billion in market value on Tuesday, as its shares extended a meteoric rally that has seen the stock gain more than six times this year. Shares of the electric-car maker have risen nearly 28% since the S&P Dow Jones Indices confirmed they would add the company to Wall Street’s benchmark index from Dec. 21. Its shares were up 3.5% at $540.53 in premarket trading and will have to open above $527.48 to hit the $500 billion mark. The recent rally has also boosted Chief Executive Officer Elon Musk’s net worth by $7.2 billion to $127.9 billion, helping him go past Bill Gates to become the world’s second-richest person, according to the Bloomberg Billionaires Index.
Persons: Brendan McDermid, Dow, Elon, Bill Gates, Tesla, Joe Biden Organizations: Tesla Motors, REUTERS, Tesla, Dow Jones, Bloomberg, Toyota Motor Corp, Volkswagen AG, General Motors Co Locations: Manhattan's Meatpacking, New York City, U.S
David Dinkins, New York City’s First Black Mayor, Dies at 93
  + stars: | 2020-11-24 | by ( Katie Honan | ) www.wsj.com sentiment -0.98   time to read: +1 min
David N. Dinkins, the first Black mayor of New York City who worked to unite a divided city as it battled a high crime rate, died Monday at his home in Manhattan at 93 years old, according to the city’s police department. Mr. Dinkins, a Democrat, was elected mayor in 1989 at the end of a municipal scandal that plagued then-Mayor Ed Koch’s third term. He defeated Mr. Koch in a mayoral primary and went on to beat the Republican candidate, then-U.S. Attorney Rudolph Giuliani. When he took office, Mr. Dinkins vowed to be the mayor for every resident and promised a new era in city politics. But Mr. Dinkins’s message of unity and the programs he launched—including a popular after-school program for students and an advisory board to field police complaints—were overshadowed by a high crime rate, a fiscal crisis and race-related riots.
Persons: David N, Dinkins, Ed Koch’s, Mr, Koch, Rudolph Giuliani, , Organizations: New York, Democrat, Republican, U.S, Port Authority Locations: New, New York City, Manhattan, New York, Ellis, Kennedy
David Dinkins, New York City's first Black mayor, dies at 93
  + stars: | 2020-11-24 | by ( ) www.nbcnews.com + 0.00   time to read: +8 min
NEW YORK — David Dinkins, who broke barriers as New York City’s first African-American mayor, but was doomed to a single term by a soaring murder rate, stubborn unemployment and his mishandling of a riot in Brooklyn, has died. Dinkins died Monday, the New York City Police Department confirmed. De Blasio, who worked in Dinkins’ administration, named Manhattan’s Municipal Building after the former mayor in October 2015. In this April 10, 2014, file photo, former Mayor of New York David Dinkins speaks onstage at the PFLAG National Straight For Equality Awards at Marriott Marquis Times Square in New York City. That deal guaranteed that the U.S. Open would remain in New York City for decades.
Persons: David Dinkins, Dinkins, Dinkins ’, Joyce, Ed Koch, Rudolph Giuliani, Barack Obama, MANDEL NGAN, Critics, Dave, , he’s, Bill de Blasio, De Blasio, Letitia James, , Giuliani, New York David Dinkins, ” Dinkins, Joyce Burrows, Koch, Republican Giuliani, Nelson Mandela, , David Jr, Donna Organizations: New York, New York City Police Department, Kennedy, Port Authority, New York City, Getty, Homelessness, York Post, City Hall, Walt Disney Corp, Dinkins, New, Jewish, Marriott Marquis, Marine Corps, Howard University, Washington , D.C, Democratic, Brooklyn Law School, city’s, Republican, Korean, Yorkers, New York Police Department, United States Tennis Association, U.S, Columbia University’s School of International and Public Affairs Locations: New, Brooklyn, New York, Ellis, New York City, AFP, Manhattan’s, Trenton , New Jersey, Harlem, Southern, Washington ,, Manhattan, Central Park, Bensonhurst, U.S, South Africa, Queens
REUTERS/Jane Rosenberg(Reuters) - Ghislaine Maxwell has been quarantined after staff tested positive for coronavirus at the jail where she is awaiting trial on charges she aided late financier Jeffrey Epstein’s sexual abuse of girls, U.S. prosecutors said in a letter on Monday. The staff tested positive last week and Maxwell was checked for the virus on Nov. 18 using a rapid test which was negative, the prosecutors said in a letter to U.S. District Judge Alison Nathan. Maxwell was placed in quarantine at the Metropolitan Detention Center in Brooklyn for 14 days, said the letter. Maxwell has not shown any symptoms of COVID-19 and will be tested again at the end of her two-week quarantine. Legal calls to her counsel are permitted for three hours a day in a room where she is alone without a jail staff.
Persons: Ghislaine Maxwell, Jeffrey Epstein, Jane Rosenberg, Jeffrey Epstein’s, Maxwell, Alison Nathan, Epstein Organizations: Manhattan Federal Court, REUTERS, Metropolitan Detention Locations: Manhattan, New York City , New York, U.S, Brooklyn, British
Former New York City Mayor David Dinkins dies at 93: police
  + stars: | 2020-11-24 | by ( Derek Francis | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - David Dinkins, who served as New York City’s first and only African American mayor during the 1990s, died on Monday at the age of 93, police said. FILE PHOTO: Former Mayor of New York City, David Dinkins, attends Governor Andrew Cuomo's State of the State address in New York City, U.S. January 9, 2017. He eventually came to Harlem, the historically Black neighborhood in upper Manhattan, where he rose in the ranks of local politics. “For decades, Mayor Dinkins lead with compassion and an unparalleled commitment to our communities,” state attorney general Letitia James said in a statement. “I extend my deepest condolences to the family of Mayor David Dinkins, and to the many New Yorkers who loved and supported him,” Giuliani said on Twitter.
Persons: David Dinkins, New York City’s, Andrew, Stephanie Keith, Adam Navarro, Dinkins, Letitia James, , Mayor Dinkins, Charles Rangel, Percy Sutton, Basil Paterson, David Paterson, Ed Koch, Rudy Giuliani, Giuliani, ” Giuliani, Lemrick Nelson, Yankel Rosenbaum, ” Dinkins, Organizations: Reuters, New York, American, REUTERS, Howard University, Brooklyn Law School, New, Twitter, New York Times Locations: New, New York City, Andrew Cuomo's, U.S, Trenton , New Jersey, Harlem, Manhattan, York, ” New York, Brooklyn
Authorities in New York City were searching Monday for a suspect who allegedly pushed a man onto subway tracks in what police say is the third such assault in a week. After the subway stopped and the pair left the car, the suspect allegedly pushed the 29-year-old man onto the tracks below, Riley said. In the first incident, a suspect allegedly pushed a UPS worker onto the tracks after he refused to give the man money. In the second, a homeless man allegedly shoved a woman onto tracks moments before a train approached. The transit system is for people who are using it to travel," New York City Transit President Sarah Feinberg said.
Persons: Edward Riley, Riley, , Sarah Feinberg, we’ve Organizations: New York City Police Department, Bryant, York City Transit, NYC Transit Locations: New York City, Brooklyn, New, Manhattan, York City
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