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Stephanie Keith | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like GDP figures for the second quarter, consumer confidence and PCE report.
Persons: Stephanie Keith, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, , Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, CNBC, Friday, FedEx, Nasdaq, Dow Locations: New York City
I'm a senator," Helmy told me. "Whether you're here for a day, or three months, four months, or 40 years, you're a United States Senator." "I see myself as sort of continuing my prior roles as a staffer," Helmy told me. Sitting in Menendez's former office, Helmy also lamented the way the long-serving New Jersey senator's career came to an end. "Bob's office was the office you always competed with," Helmy noted, referencing his own time with Booker and former Sen. Frank Lautenberg.
Persons: George Helmy's, Helmy, you've, Sen, Bob Menendez, Phil Murphy, Menendez, I'm, Cory Booker, Bill Clark, who've, Joe Biden's, Patty Murray, Kamala Harris —, he's, Frank Lautenberg —, Helmy —, Chris Christie, Jeff Chiesa, Democratic Sen, Mo Cowan, John Kerry, Cowan —, , George, — Mo Cowan, Chiesa, Booker, Booker aren't, Michael Bennet, Colorado Sen, John Hickenlooper, Murphy, Andy Kim, Tammy Murphy, Kim, Menendez's, Semafor, Bonnie Cash, Curtis Bashaw, Frank Lautenberg, there's Organizations: Service, Capitol, Garden State, Democratic Gov, Coptic, Getty, Pro Tempore, Society of, Republican, Democratic, State, Society, Colorado, Port Authority of New, GOP, New Jersey senator's Locations: Sen, New Jersey, States, Coptic American, Washington, Pennsylvania, Jersey, Massachusetts, Denver, Port Authority of New York, Garden
CNBC Daily Open: Recession concerns still linger
  + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like the preliminary measure of PMI, consumer confidence and PCE report.
Persons: QCOM, Brendan McDermid, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, , Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, Friday, FedEx, Nasdaq, Dow, PMI Locations: New York City, U.S
AWS offers its salespeople new incentives for selling AI products Q and Bedrock. AWS sales teams have specific performance targets for AI products. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Amazon Web Services recently put a new incentive program in place for its flagship AI products, Q and Bedrock, according to an internal memo obtained by Business Insider. In cloud computing and enterprise software, companies maintain massive sales teams that market to corporate customers and help them integrate technology offerings.
Persons: Organizations: Microsoft, Google, Service, Web Services, Business
Few address child care, for infants or beyond. Since Dobbs, seven states have had ballot initiatives on the topic, with the abortion rights position winning in each state. In November, at least 10 more initiatives aimed at restoring or protecting abortion rights will be in front of voters across the country. But Brahm has also rallied an array of political, faith, academic, medical and advocacy leaders into a coalition called “Building a Post-Roe Future” that calls for more affordable health care and child care, expanded child tax credits, paid parental leave, flexible work hours and enforced pre-natal support. Though paid parental leave has been a big topic of discussion around the country, the only states to enact such measures since Dobbs are those where abortion rights are protected.
Persons: CNN — Weeks, Roe, Wade, , Mike Johnson, Dobbs, Johnson hasn’t, there’s, It’s, ’ ”, Samuel Lee, that’s, haven’t, Josh Brahm, Brahm, Kamala Harris, Donald Trump, Tate Reeves –, Chris Seward, Phil Berger, Lee, ” Lee, , Louis, Angela Weiss, Brenda Shields, Shields, ” Shields, Mike Parson, Crystal Quade, Parson, ” Quade, aren’t, they’re, Kim Reynolds, Pat Grassley, Grassley, ” Grassley, Zach Wahls, couldn’t, Reynolds, Kent Nishimura, Johnson, Taylor Haulsee, Claudia Tenney, York –, Tenney, Mariannette Miller, Meeks, Miller, Young Kim, Kim, Callie Strock, Dave Schweikert, tweeting, Schweikert, Utah Sen, Mitt Romney, Republican Sen, Marco Rubio, ” Brahm Organizations: CNN, Social, Republican, Rights Institute, IT, Lifeline, North, North Carolina Senate, Democratic, National Center for Health Statistics, Getty, Republicans, Missouri Chamber of Commerce, Republican Gov, , “ Iowa Press, Food and Drug Administration, Energy, Commerce Committee Locations: Louisiana, Roe America, Washington, Iowa, Missouri, Roe, Georgia, Atlanta, America, Wilmington , North Carolina, Mississippi, ” In Mississippi, , Kentucky, Ohio, North Carolina, Raleigh, St, Washington , DC, York, California, Arizona, Utah, Marco Rubio of Florida
The SALT deduction allows tax payers to deduct up to $10,000 of property, sales or income taxes that have already been paid to state and local governments. Historically, most of the tax payers who claim the deduction reside in high tax states such as New York, Connecticut, New Jersey and California. There was no cap on SALT prior to the Trump tax bill. Some of those recent conversations have featured Trump's new stance on bringing back the full SALT deduction, despite his bill being the cause for the $10,000 cap. Rep. Young Kim, R-Calif., told CNBC in a statement that the SALT cap is "hurting" her constituents and said Trump's most recent take on SALT shows he's listened to "Americans across the country hurting from the SALT cap."
Persons: Josh Gottheimer, Donald Trump's, Trump, Andrew Garbarino, Garbarino, Anthony D'Esposito, Nick LaLota, Jason Smith, Smith, Young Kim, he's, Kim, they'll Organizations: United States Capitol, Republicans, Senate, Capitol, New York Republicans, CNBC, Democrats, The New, The New Jersey House, Democratic Locations: Washington ,, New York , Connecticut , New Jersey, California, The, The New Jersey
CNBC Daily Open: One day makes all the difference
  + stars: | 2024-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "Recalibration" Fed Chair Jerome Powell's use of the word "recalibration" seemed to reassure investors that the central bank's 50 basis point cut wasn't that worrying. It signaled the Fed wasn't responding to a slowing economy, but shifting focus to ensuring employment doesn't dip further, wrote CNBC's Jeff Cox. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."
Persons: BOE, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, , Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, JPMorgan Chase, of England, Monetary, Fed, Dow, Nvidia, Apple, BMO Locations: New York, Dinah Washington . Washington
An unlikely technology billionaire could come out on top in the battle of the world's richest a year from now. That briefly positioned Ellison as the richest person in the world behind Musk and ahead of Bezos. This could boost the ex-CEO's fortune by $27.8 billion to $203.9 billion, placing him less than $3 billion behind Ellison in stock value. That could mean a windfall for CEO Huang's stock fortune, lifting his stake by $27.2 billion to $128.7 billion. Musk's Tesla stake could decline nearly 11% to $89.6 billion from roughly $100.3 billion as of Thursday's close.
Persons: Larry Ellison, Jeff Bezos, Elon Musk, Jensen Huang, Ellison, Larry, Kim Forrest, I'm, Amazon's, Tesla Organizations: Oracle, Nvidia, Bokeh Capital Partners, Federal Reserve Locations: Bezos
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Commodity price movements Stocks have rallied on the back of the Fed's rate cut. The S&P climbed 1.7% to end at 5,713.64, the first time the broad-based index has broken through the 5,700 ceiling. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."
Persons: Stocks, it's, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, , Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, Citi, HSBC, People's Bank of, Bank of, Fed, Dow, Nvidia, Apple, BMO Locations: New York, China, Japan, Asia, People's Bank of China, Bank of Japan, Dinah Washington . Washington
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The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the drug middlemen use practices that boost their profits while "artificially" inflating costs for patients. It comes three days after Express Scripts sued the FTC, demanding that the agency retract its allegedly "defamatory" July report that claimed that the PBM industry is hiking drug prices. It also alleges that PBMs favor those high-list-price insulins even when more affordable insulins with lower list prices become available. President Joe Biden's signature Inflation Reduction Act has capped insulin prices for Medicare beneficiaries at $35 per month. The FTC said it remains "deeply troubled" by the role insulin manufacturers play in higher list prices, arguing that they inflate prices in response to PBMs' demands for higher rebates.
Persons: Lina Khan, UnitedHealth, drugmakers Eli Lilly, Caremark, PBMs, Rahul Rao, Rao, Joe Biden's, Biden, Eli Lilly, Eli Lilly's Organizations: Federal Trade Commission, CVS, Cigna's, FTC, Sanofi, Novo Nordisk, Express, Competition Locations: Rayburn, Washington ,, U.S, drugmakers, FTC's
Read previewThere are classic Korean barbecue dishes that everyone knows and loves, from the ribeye and short rib meats to traditional banchan like japchae and kimchi. AdvertisementOrder pork jowl over pork bellyKim said Baekjeong helped introduce pork jowl to the Korean barbecue market. AdvertisementNever skip on outside skirt steakKim said outside skirt steak is one of his favorite cuts of beef at KBBQ. "And short rib is the king of Korean barbecue, so I also always order short rib." Courtesy of BaekjeongA great Korean barbecue meal typically ends with a cold noodle soup, according to Kim.
Persons: , Chef Samuel Kim, Kim, Baekjeong, That's Organizations: Service, Business Locations: Baekjeong
Read previewIf you're a pop-music fan who spends time on the internet, you'll probably see a slew of negative reviews for Katy Perry's new album, "143." Lester Cohen/WireImageEven if you set aside the allegations against Dr. Luke, "143" doesn't make a strong case for his input. Without them, Dr. Luke and his new associates have created a pop vacuum, completely devoid of heart and personality. "Gimme Gimme," the second track featuring 21 Savage, immediately recalls the plinky snoozefest of Justin Bieber's "Changes," particularly the Quavo duet "Intentions." Final grade: 1.8/10Katy Perry's new album "143" consists of 11 standard tracks.
Persons: , you'll, Katy Perry's, Perry, they'd, Luke, Rocco Valdes —, Dr, hadn't, Kesha, countersued, Alex Cooper, Valdes, Aaron Joseph, Vaughn Oliver, Theron Thomas, Luke's, Kemosabe signees, Perry didn't, Katy Perry, Cirkut, Lester Cohen, Max Martin, Benny Blanco, Savage, Justin Bieber's, Luke disciple Kim Petras, Kylie Minogue knockoff, JID, who's, We're, syrupy, Kim Petras Organizations: Service, Business, Kemosabe Records, Capitol Records, Capitol Records Worth, Press Locations: California
ANN ARBOR, Mich. — Battleground state election officials from both parties are pushing back against a falsehood that has proven pervasive ahead of the 2024 reaction: that noncitizens are voting in widespread numbers. The comments came as former President Donald Trump and his GOP allies have talked up efforts to crack down on noncitizens voting, which is already illegal. Maricopa County has sued seeking clarity on whether those voters can vote in state and local elections this fall. Republicans at the national and state level have fueled unfounded noncitizen voting claims in the run-up to this year's presidential election. Election officials said Thursday they were taking steps to debunk conspiracy theories ahead of the 2024 election.
Persons: Donald Trump, , , Al Schmidt, Schmidt, they’re, Jocelyn Benson, Benson, ” Benson, , Bob Bauer, Ben Ginsberg, Brad Raffensperger, ” Raffensperger, we’re, Mike Johnson, Ken Paxton, they're, it's, Karen Brinson Bell, It's, Stephen Richer, Katie Hobbs, Richer, Kim Pytleski Organizations: GOP, Department of Transportation, The, Republican, Republicans, Texas, Arizona Gov Locations: Mich, , Pennsylvania, Philadelphia, Michigan, American, Arizona, Maricopa County, Georgia, Oconto County , Wisconsin
Country music superstar Zach Bryan is in treacherous waters with Taylor Swift's fan-base after drunkenly posting a preference for Kanye "Ye" West over her on X. Before going dark, Bryan attempted to save his reputation, posting, "guys I love Taylor, was listening to TTPD ['The Tortured Poets Department'] last night and thank you aimee came on and I drunkenly tweeted that about Kanye. I love Taylor's music and pray you guys know I'm human and tweet stupid things often. He also responded to a fan asking him his favorite Swift song, saying, "August, for sure." Representatives for Bryan and Swift did not immediately respond to NBC News requests for comment.
Persons: Zach Bryan, Taylor Swift's, Kanye, Taylor, Travis Kelce, Bryan, aimee, Aimee, Kim Kardashian, Kardashian, I’ve, I’m, I've, Swift, Tim McGraw, Swift hasn't Organizations: Kansas City Chiefs, Poets Department, Kanye, Swift, Twitter, Department, NBC Locations: North West, Ye, Bourbon, Kentucky
OSLO, Norway — A Norwegian human rights foundation gave its annual prize on Thursday to jailed Cuban dissident leader Luis Manuel Otero Alcántara for his “fearless opposition to authoritarianism through art”. Four past laureates of the Rafto prize — Myanmar’s Aung San Suu Kyi, East Timor’s Jose Ramos-Horta, South Korea’s Kim Dae-jung and Iran’s Shirin Ebadi — later went on to win the Nobel Peace Prize. This year’s Peace Prize will be announced on Oct. 11 in Oslo. “The 2024 Rafto prize aims to highlight the importance of the work of Luis Manuel Otero Alcántara and other artists in challenging power structures and defending democracy and human rights, both in Cuba and globally,” the Norwegian foundation said in a statement. On Thursday, the Rafto foundation called on the Cuban government to release him, joining similar calls by Human Rights Watch and Amnesty International.
Persons: Luis Manuel Otero Alcántara, Jose Ramos, Kim Dae, Shirin Ebadi — Organizations: San Isidro Movement, Human Rights Watch, Amnesty International Locations: OSLO, Norway, Norwegian, Cuban, Suu Kyi, East, Horta, South, Oslo, Cuba, Havana
SEOUL, South Korea — North Korea tested new tactical ballistic missiles using super-large warheads and modified cruise missiles on Wednesday as leader Kim Jong Un called for stronger conventional weapons and nuclear capabilities, state news agency KCNA reported. The account followed the firing of multiple short-range ballistic missiles on Wednesday reported by the South Korean military, which was the second time the North test-launched missiles in a week. Last week, North Korea also unveiled a uranium enrichment facility, in its first such public report. Wednesday’s tests involved the new tactical ballistic Hwasongpho-11-Da-4.5 missile, KCNA said, indicating it was part of a series of short-range ballistic missiles it had been developing. The allies say the drills are defensive in nature and aimed at maintaining readiness against any North Korean aggression.
Persons: Kim Jong, KCNA, Kim, ” KCNA, Shin Seung, Shin, , Kim Jong Un Organizations: South Korean, Korea Institute for Defense, Getty Images Kyiv Locations: SEOUL, South Korea, North Korea, South, Seoul . North Korea, Russia, Ukraine, North Korean, Moscow, Pyongyang, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean internet giant Naver's CFO discusses global expansion plansNamsun Kim, CFO of South Korean internet giant Naver, speaks to CNBC about its partnership with Saudi Arabia and plans to expand into Japan and North America.
Persons: Namsun Kim Organizations: South, CNBC Locations: Saudi Arabia, Japan, North America
Anna Moneymaker | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.
Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, , Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, CNBC, Dow Jones, Nasdaq Locations: Washington , DC
Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.
Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, Getty, CNBC, Dow Jones, Nasdaq Locations: Washington , DC
NASA’s Orion spacecraft for the Artemis I mission was successfully recovered on December 11, 2022, off the coast of Baja California. Regan Geeseman/NASARadiation worriesNASA has studied the impact of space radiation on human health for decades, dating back to the first crewed space missions of the 1960s. Long-duration space missions to the moon and Mars will expose astronauts to radiation from cosmic rays, or high energy particles that move through space. Courtesy NASAPlanning for Artemis IIIf a solar storm were to occur while the Artemis astronauts were in space, it could last for days. NASA astronaut Christina Koch participates on August 1 in crew geology training in Iceland ahead of the Artemis II mission.
Persons: Artemis II, Artemis I, Artemis, torsos, Helga, Zohar, , Sergi Vaquer Araujo, Araujo, ” Araujo, NASA’s, Regan Geeseman, Earth’s Van Allen Belts, Van Allen Belts, Stuart George, Kim Shiflett, ” George, George said, Artemis III, Reid Wiseman, Victor Glover, Christina Koch, Jeremy Hansen, Robert Markowitz, Kelsey Young Organizations: CNN, Orion, European Space Agency, NASA’s Orion, NASA, Space, Apollo, Space Center, Kennedy Space Center, Canadian Space Agency, Goddard Space Flight Locations: Artemis, Baja California, Earth’s, Houston, Mars, Florida, Iceland, Greenbelt , Maryland
North Korea fired multiple short-range ballistic missiles on Wednesday toward its east coast, South Korea and Japan said, days after Pyongyang unveiled a uranium enrichment facility and vowed to beef up its nuclear arsenal. “We strongly condemn North Korea’s missile launch as a clear provocation that seriously threatens the peace and stability of the Korean peninsula,” the JCS said in a statement, vowing overwhelming responses to any further provocations. About 30 minutes after its first missile notice, Japan’s coast guard said North Korea fired another ballistic missile. The North fired several short-range ballistic missiles last Thursday, the first such launch in more than two months, which it later described as a test of a new 600-mm multiple launch rocket system. South Korea’s JCS has said the launch might have been to test the weapons for export to Russia, amid intensifying military cooperation between the two countries.
Persons: , Minoru Kihara, Choe Son Hui, Sergei Lavrov, Kim Jong Un Organizations: South Korea’s, Chiefs of Staff, North, Japanese, Pacific Command, North Korean Foreign, Wednesday’s Locations: Korea, South Korea, Japan, Pyongyang, Kaechon, South, North Korea, U.S, Seoul, Tokyo, The, Russia, United States, Ukraine, Moscow, Russian
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Complete with a cold plunge ("excellent for circulation," she said,) hot tub, steam room, and sauna, it looked like something straight out of a luxury hotel. This story is available exclusively to Business Insider subscribers. Now it has an experience shower and a cold plunge and a hot plunge," Mungall told Business Insider. Landry Design Group shared some of the most elaborate health and wellness projects they have worked on with BI.
Persons: , Gwenyth Paltrow, Paltrow, William Mungall, Tom Brady, Mark Wahlberg, Kourtney Kardashian, Mungall, We're, He's Organizations: Service, Architectural, Business, Consulting, Landry Design Group, FDA, BI Locations: LA
The visit came just days after Shoigu traveled to North Korea for talks with leader Kim Jong Un, and after he met Monday with Syrian leader Bashar Assad. This would mark an escalation in Iran's support for Russia, with the Islamic Republic previously sending aerial drones used by Russia to attack Ukrainian towns and infrastructure. AdvertisementIn recent months, North Korea has reportedly sent millions of shells to Russia, as well as ballistic missiles. UK Foreign Secretary David Lammy said last week that the delivery of Iranian missiles to Russia had changed the debate about Ukraine using Western long-range missiles to strike targets deep inside Russia. Russia is currently making incremental but important advances in its campaign to seize more territory in eastern Ukraine, while Ukraine has occupied parts of Russia's Kursk province, after a surprise attack last month.
Persons: , Putin, Sergei Shoigu, Ali Akbar Ahmadian, Masoud Pezeshkian, Pezeshkian, Shoigu, Kim Jong Un, Bashar Assad, State Anthony Blinken, Kyrylo Budanov, David Lammy, Keir Starmer, Joe Biden Organizations: Service, Iran's Supreme National Security, Business, Institute for, State, Russia, Islamic Locations: Iran, Ukraine, North Korea, Russia, US, China, Syria, Islamic Republic, Russia's Kursk
CNBC Daily Open: Hoping for a half-point cut
  + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.
Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S
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