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☆ United Airlines CEO Scott Kirby on Q3 results, impact of Boeing strike and route expansion
▼ + stars: | 2024-10-16 | 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 EmailUnited Airlines CEO Scott Kirby on Q3 results, impact of Boeing strike and route expansionCNBC’s Phil LeBeau and United Airlines CEO Scott Kirby join 'Squawk Box' to discuss the airline's quarterly earnings results, Q4 outlook, impact of Boeing strike, the company's share buyback program, state of negotiations with flight attendant's union, and more.

Persons: Scott Kirby, Phil LeBeau Organizations: Email United, Boeing, United Airlines

☆ Roth conversions on the rise: Here's what to know
▼ + stars: | 2024-10-16 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoth conversions on the rise: Here's what to knowCNBC's Sharon Epperson joins 'Squawk Box' to discuss the rise in Roth retirement accounts.

Persons: Roth, Sharon Epperson

☆ Hong Kong leader announces measures to address housing crisis in annual policy address
▼ + stars: | 2024-10-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024, in Hong Kong. Hong Kong chief executive John Lee announced moves aimed at addressing the city's housing affordability crisis, calling it "an issue of great public concern" in an annual policy address on Wednesday. Under the plan, the Hong Kong Housing Authority will allocate an extra ballot number to applicants aged below 40 — a move that will increase their chances of being selected for the city's subsidized Home Ownership Scheme flats. He also said the government expects to complete about 9,500 new public housing units next year, moving toward a goal of completing about 30,000 units by 2027-2028. The current wait time for a public housing unit in Hong Kong is 5.5 years.

Persons: John Lee Ka, chiu, John Lee, Hong Kongers, Lee Organizations: Legislative, Hong, Hong Kong Housing Authority Locations: Hong Kong, Hong Kong . Hong Kong

☆ 100-year-old artifacts kept inside Kansas City time capsule are revealed at World War I museum
▼ + stars: | 2024-10-16 | by ( Graham Hurley | ) edition.cnn.com time to read: +4 min

In 1924, historians and museum curators banded together to bury a time capsule inside the Liberty Memorial, to be opened in 100 years. In the 1920s, a group of prominent Kansas City residents formed the Liberty Memorial Association to construct a memorial dedicated to honor those who served in World War I. With the help of the Kansas City Police Department bomb and arson unit, the capsule was successfully opened with no explosions. The first of these artifacts was a tube of seeds representing the Kansas City agricultural community. The final object is a printing plate from the Kansas City Star dated to November 1, 1921.

Persons: ”, Matthew Naylor, Christopher Warren, Naylor, Warren, Calvin Coolidge, ” Warren Organizations: CNN, National WWI Museum and Memorial, Liberty, Kansas City, Liberty Memorial Association, National WWI Museum and Memorial . Workers, Staff, Kansas City Police Department, Kansas City Star Locations: Kansas City , Missouri, Kansas, Kansas City, Warren

☆ The soft landing narrative may not play out exactly how investors want, says Nuveen's Saira Malik
▼ + stars: | 2024-10-16 | 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 EmailThe soft landing narrative may not play out exactly how investors want, says Nuveen's Saira MalikSaira Malik, Nuveen CIO and head of equities and fixed income, and Joe Lavorgna, SMBC Nikko Securities chief economist, join 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, whether a soft landing scenario can be achieved, state of the 2024 election, and more.

Persons: Nuveen's Saira Malik Saira Malik, Joe Lavorgna Organizations: Nikko Securities

However, if you want the convenience of a cordless vacuum with suction that rivals the best vacuum cleaners, the LG CordZero All-in-One Auto-Empty Cordless Vacuum is a worthwhile splurge. LG CordZero All in One Cordless Stick Vacuum The LG CordZero All-in-One is a powerful cleaning tool that comes with a variety of handy attachments, including a self-emptying base and mopping attachment. Weighing about seven pounds, it's not the lightest model I've ever used, but this cordless vacuum is one of the most well-balanced. Camryn Rabideau/Business InsiderI tested the LG CordZero All-in-One Vacuum at my home for more than two months, and it had its work cut out for it. If you like the idea of a cordless vacuum that can also mop, another option is the Dyson V15s Submarine.

Persons: it's, Camryn, Dyson, that's, Jaclyn Turner, Read, LG CordZero Organizations: Business, LG, Amazon, Shark

☆ Investor sentiment starting to enter into frothy territory with so much going well for stock market
▼ + stars: | 2024-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.

Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy

☆ Why your drug store is closing
▼ + stars: | 2024-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

What is going on with America’s drug stores? Meanwhile, increased competition and failed growth strategies, like acquiring primary care providers, continue to have reverberating impacts on drug stores. Shifting trendsDrug store chains are struggling because of lower reimbursement rates for prescription drugs, according to analysts who cover the industry. A customer walks to a Walgreens store in Wheeling, Ill., Tuesday, Oct. 15, 2024. Dollar General’s growth has also hurt drug store chains in rural areas.

Persons: Tim Wentworth, “, ” Wentworth, Elizabeth Anderson, PBMs, ” Anderson, Nam, VIllageMD, Brendan Smialowski Organizations: New, New York CNN, CVS, Walgreens, Wall Street, IRI, CNN, Amazon, Walmart, Costco, American Medical Association Locations: New York, Wheeling , Ill, VillageMD, Washington ,, AFP

☆ Trump’s coin sale misses targets as crypto project’s website crashes
▼ + stars: | 2024-10-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump’s coin sale misses targets as crypto project’s website crashesCNBC's Mackenzie Sigalos joins 'Squawk Box' with the latest news on former President Trump's new crypto project.

Persons: CNBC's Mackenzie Sigalos, Trump's

☆ Lionel Messi equals Cristiano Ronaldo’s hat-trick record after vintage performance for Argentina
▼ + stars: | 2024-10-16 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Lionel Messi rolled back the years with a vintage performance for Argentina on Tuesday, scoring three goals in his nation’s 6-0 thrashing of Bolivia in a 2026 World Cup qualifier. It was the 37-year-old’s 10th international hat-trick, a tally which draws him level with Cristiano Ronaldo’s record in men’s soccer. It was Messi who got the party started, capitalizing on a defensive error to put his country ahead after 19 minutes. The former Barcelona superstar then whipped the home crowd into a frenzy with two quick goals before the final whistle. Messi was making just his second appearance for his country since July after overcoming an ankle injury.

Persons: Lionel Messi, Cristiano Ronaldo’s, “, ” Messi, I’ll, Messi, unselfishly, Lautaro Martínez, Julián Álvarez, Luis Robayo, Thiago Almada, Messi wasn’t Organizations: CNN, Argentina, Estadio Monumental, Inter Miami, Messi, Bolivian, Venezuela, CONMEBOL Locations: Bolivia, soccer, Buenos Aires, Argentina, AFP, Barcelona, Colombia, Paraguay

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

☆ ‘We are fed up’: Ballot drop boxes are dividing neighbors in Wisconsin
▼ + stars: | 2024-10-16 | by ( Casey Tolan | Sara Murray | ) edition.cnn.com time to read: +12 min

Still, that’s far lower than the 528 drop boxes that the commission was aware of in 2020. PoolNick Ramos, the executive director of the Wisconsin Democracy Campaign, a voting rights group that has pushed for more drop boxes, said he was discouraged by the number of municipalities that had decided not to use drop boxes this election. “Drop boxes are safe, they are reliable and secure.”Changing legal statusFor years, ballot drop boxes were legal in Wisconsin with little controversy or attention, and in 2020, they became a key tactic for municipalities to encourage safe voting during the coronavirus pandemic. A conservative group filed a lawsuit to ban drop boxes in Wisconsin, and the state Supreme Court’s conservative majority sided with them in 2022, banning drop boxes except ones inside clerks’ offices. In Milwaukee, most drop boxes are in front of libraries, and in Madison, the state capital and a Democratic stronghold, officials decided to locate almost all of their drop boxes in front of fire stations.

Persons: Donald Trump, Dale Schmidt, Trump, Nick Ramos, “ We’re, ” Ramos, “ It’s, Joe Biden, Doug Diny, Diny, ”, “, I’ve, Jeff Mandell, Nancy Stenzel, Robin Vos, Scott Fitzgerald, Vos –, Janet Protasiewicz, Protasiewicz, Dylan Brogan, Schmidt, ” Schmidt, Eric Hovde, “ We’ve, ” Hovde, Catherine Engelbrecht, ” Engelbrecht, Mandell Organizations: CNN, Wisconsin county, “, Trump, Commission, Madison, Wisconsin Democracy, Wausau, Republican, City Hall, Department of Justice, Council, State Assembly, GOP, Democratic, USA, Conservative, US, Washington Post, WIRED Locations: Wisconsin, Dodge County, Milwaukee, Dodge County , Wisconsin, Juneau , Wisconsin, Wausau, ”, Hall, Madison, Kenosha

☆ Never seen investors this afraid of a market that's doing so well: IG North America CEO JJ KInahan
▼ + stars: | 2024-10-16 | 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 EmailNever seen investors this afraid of a market that's doing so well: IG North America CEO JJ KInahanJJ Kinahan, IG North America CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, impact of the 2024 election, market outlook, and more.

Persons: JJ KInahan JJ Kinahan Organizations: North, IG North America

☆ Stanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
▼ + stars: | 2024-10-16 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."

Persons: Stanley Druckenmiller, I've, —, Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC

☆ Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.

Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI

☆ One of the benefits of this iPhone cycle is the 'staged effect', says Deepwater's Gene Munster
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne of the benefits of this iPhone cycle is the 'staged effect', says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss Apple's recent stock surge, iPhone sales outlook, and more.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management

☆ Morgan Stanley tops estimates on strong wealth management, trading and banking results
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley tops estimates on strong wealth management, trading and banking resultsCNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.

Persons: Morgan Stanley, Leslie Picker

☆ AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +3 min

The company last raised a $46 million Series B at a $500 million valuation led by Meritech in June. AdvertisementClay, the AI-powered sales startup, is set to be valued at $1.3 billion in a new insider funding round, two sources told Business Insider. Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures participated in that round. Clay's AI messaging tool can then help sales teams send tailored outbound messages to prospective customers. Apollo, a sales intelligence startup, raised a $100 million Series D round led by Bain Capital Ventures last year at a $1.6 billion valuation.

Persons: Clay, Meritech, —, Kareem Amin, Amin, Varun Anand Organizations: Service, Business, Meritech Capital, Sequoia Capital, Boldstart Ventures, Wall Street, Bain Capital Ventures

☆ I had to downsize before a move. I found a box of my kids' baby clothes and relived so many memories.
▼ + stars: | 2024-10-16 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +4 min

While downsizing in preparation for a move, Karen found two large plastic bins full of baby clothes. Sitting on the floor, clothes all around, I felt a strong sense of nostalgia and an overwhelming love for my kids. AdvertisementThe early days of motherhood are uniqueIn those early days, when they were completely bound to me, I bonded with them in such an intense way, present for them at every moment. Normally, I'm not sentimental, but those early days of motherhood are unique. I'll never have another human being attached to me, like when my kids were babies, and their clothes represented that for me.

Persons: Karen Siwak, Karen, — Organizations: Service Locations: Toronto, Germany

☆ United Airlines hasn't shown any interest to reach a deal with flight attendants, says Sara Nelson
▼ + stars: | 2024-10-16 | 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 EmailUnited Airlines hasn't shown any interest to reach a deal with flight attendants, says Sara NelsonSara Nelson, Association of Flight Attendants international president, joins 'Squawk Box' to discuss news United Airlines launching a $1.5 billion share buyback program, the backlash from flight attendant's union, state of negotiations between the union and the airline, and more.

Persons: Sara Nelson Sara Nelson Organizations: Email United Airlines, Association of, United Airlines

☆ Investors should consider diversifying beyond tech, says Defiance ETFs CEO Sylvia Jablonski
▼ + stars: | 2024-10-16 | 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 EmailInvestors should consider diversifying beyond tech, says Defiance ETFs CEO Sylvia JablonskiSylvia Jablonski, Defiance ETFs CEO and CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, where investors can find opportunities right now, and more.

Persons: Sylvia Jablonski Sylvia Jablonski Organizations: Investors

☆ Big Tech is finally stepping up to be leaders in nuclear, says Radiant Energy's Mark Nelson
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech is finally stepping up to be leaders in nuclear, says Radiant Energy's Mark NelsonMark Nelson, Radiant Energy Group managing director, joins CNBC's 'Squawk Box' to discuss the future of energy as big tech goes nuclear, his timeline for AI pushing nuclear growth, and more.

Persons: Radiant, Mark Nelson Mark Nelson Organizations: Tech, Radiant Energy Group

☆ More people are choosing to lease EVs to not take the residual value risk, says former Ford CEO
▼ + stars: | 2024-10-16 | 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 EmailMore people are choosing to lease EVs to not take the residual value risk, says former Ford CEOMark Fields, former Ford CEO, joins 'Squawk Box' to discuss the state of EV sales in the U.S. and globally, bright sports and concerns for EVs, why customers are choosing to lease EVs over buying, competition against Chinese EVs, and more.

Persons: Mark Fields Organizations: Ford, EV Locations: U.S

☆ Morgan Stanley is about to report earnings — here's what to expect
▼ + stars: | 2024-10-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

In this articleTed Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $1.58 a share, according to LSEGRevenue: $14.41 billion, according to LSEGWealth management: $6.88 billion, according to StreetAccountTrading: Equities of $2.77 billion, Fixed Income of $1.85 billion, according to StreetAccountInvestment Banking: $1.36 billion, according to StreetAccountMorgan Stanley has several tailwinds in its favor. Finally, its Wall Street rivals have posted better-than-expected trading results, making it unlikely that the firm missed out on elevated activity. JPMorgan Chase , Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or investment banking.

Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, JPMorgan Chase, Goldman Sachs Organizations: LSEG Revenue, Wealth, Investment, JPMorgan, Citigroup Locations: Davos, Switzerland

☆ There's been little effective effort to weaken Iran's influence in the Middle East: CSIS' Seth Jones
▼ + stars: | 2024-10-16 | 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 EmailThere's been little effective effort to weaken Iran's influence in the Middle East: CSIS' Seth JonesSeth Jones, Center for Strategic and International Studies defense and security president, joins 'Squawk Box' to discuss the state of Middle East conflict, Iran's influence in the region, what to expect from Israel's retaliatory strike against Iran, and more.

Persons: Seth Jones Seth Jones Organizations: Center for Strategic, International Studies, Iran Locations: Middle

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