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Republican vice presidential candidate JD Vance on Tuesday night claimed — in contradiction of history — that his running mate, former President Donald Trump, “salvaged Obamacare,” the health insurance program that Trump tried to kill. "And I think you can make a really good argument that it salvaged Obamacare, which was doing disastrously until Donald Trump came along. I think this is an important point about President Trump. In a dramatic Senate vote in 2017, Democrats and a handful of Republicans rejected his plan to repeal Obamacare. A critic of Obamacare, McCain nonetheless concluded that the “skinny repeal” measure would leave Americans worse off than if Obamacare remained in place.
Persons: Vance, Donald Trump, , Trump, Tim Walz, Obamacare, Sen, John McCain, McCain, Walz, ” Walz, , “ Obamacare, It’s, ” Trump Organizations: CBS, Minnesota Gov, Democrats, Republican, ABC, White Locations: Ohio, United States
Which subjects will Ohio Sen. JD Vance and Minnesota Gov. Tim Walz debate Tuesday night in New York City? Follow along to find out. NBC News will track the topics and how much time the candidates spend on each throughout the debate. The graphic below updates automatically.
Persons: Ohio Sen, JD Vance, Tim Walz Organizations: Minnesota Gov, NBC Locations: Ohio, Minnesota, New York City
Trump recently got the details of a 2020 Iranian missile strike on US forces wrong. AdvertisementFollowing Iran's massive ballistic missile strike on Israel, former President Donald Trump found himself discussing the 2020 Iranian attack on US forces in Iraq. The attack, which was in response to the killing of Iranian Gen. Qasem Soleimani, was the largest ballistic missile attack ever against US forces abroad. One service member who was affected by the Iranian attack told CBS News a few years ago that he was struggling with vision problems, memory loss, constant headaches, and hearing issues. Trump's comments about the 2020 strike came on the heels of Iran's massive missile strike on Israel, which involved over 180 ballistic missiles.
Persons: Trump, , Donald Trump, Qasem Soleimani, Asad, Qassim Abdul, Zahra, I've, Amir Cohen, Tim Walz, Ohio Sen, JD Vance, Kamala Harris Organizations: Service, US, Trump, AP, Business, Vermont Army National Guard, Pentagon, CBS News, Minnesota Gov, National Guard, Democratic, Republican, Ohio Locations: Iranian, Israel, Iraq, Iran, Ain, Anbar, Afghanistan, Minnesota
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a lot of innovation coming in the sportswear industry, JD Sports CEO saysJD Sports CEO Régis Schultz discuses the company's earnings and overall performance.
Persons: Régis Schultz Organizations: JD
A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.
Persons: , JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London
UK's JD Sports shrugs off Nike woes with multi-brand approach
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: +2 min
(photo by John Keeble/Getty Images)British sportswear retailer JD Sports Fashion is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its sales, struggles. Nike on Tuesday posted disappointing quarterly sales growth and warned its holiday season would likely be filled with discounts. Worries over Nike hit shares in JD Sports in early deals. In the 26 weeks to Aug. 3, JD posted adjusted pretax profit of 405.6 million pounds ($538.8 million), beating analysts' expectations of 384 million pounds. For the full financial year, JD reiterated its guidance for profit of between 955 million pounds and 1.035 billion pounds, up from 917.2 million pounds in 2023/24.
Persons: John Keeble, Nike's underperformance, Regis Schultz, Elliott Hill, JD Organizations: Sports, Oxford Street, Getty, JD, Nike, Adidas, JD Sports Locations: ENGLAND, London, England, British, HOKA, Britain, Europe, United States
Or would they take a hands-off approach and let the candidates fact check each other? Vance spoke up to complain about the fact check. “Margaret, the rules were that you were not going to fact check and since you’re fact-checking me, I think it’s important to say what’s actually going on,” he protested. “When is she going to fact check Tampon Tim on all of his false statements? Video Ad Feedback Walz asked Vance if Trump lost the 2020 election.
Persons: Norah O’Donnell, Margaret Brennan, Brennan, Sen, JD Vance, Tim Walz, Vance, “ he’s, Kamala Harris’s, , you’ve, we’ve, ” Vance, Walz, ” Brennan, “ Margaret, what’s, , David Muir, Linsey Davis, Donald Trump, Kamala Harris, Trump, ” Trump, Tim, Megyn Kelly, Brit Hume, Feedback Walz, Laura Ingraham, Jason Miller, Vance masterfully Organizations: New, New York CNN, CBS, Gov, Trump, Fake, Republican, Fox News, NBC, CNN Fox, CNN Locations: New York, Ohio, Springfield , Ohio, Springfield, Vance
Tim Walz said during the VP debate that help from family members should not be the solution to childcare. JD Vance previously suggested that grandparents help out more to solve the childcare crisis. Tim Walz took the debate stage in New York to discuss a range of topics, including healthcare, housing, and the economy. AdvertisementHis comments sparked criticism from grandparents and childcare workers who argued that relying on family members for childcare is not feasible. We should have a family care model that makes choice possible," he said.
Persons: Tim Walz, JD Vance, Vance, , Sen, Walz, " Walz, Charlie Kirk, Taylor Van Kirk, Renne Bock, " Bock Organizations: Service, Gov, Business Locations: New York
Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Chinese stocks — Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. Lamb Weston Holdings — Shares of the french fry giant rose more than 2% after its fiscal first quarter topped estimates. Analysts surveyed by LSEG expected 72 cents per share in earnings and $1.56 billion in revenue. The company posted revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion.
Persons: Humana, That's, JD.com, Davidson, Lamb, Lamb Weston, LSEG, CNBC's Lisa Han, Yun Li, Jesse Pound, Michelle Fox, Sean Conlon Organizations: Nike, Exchange, KraneShares CSI China Internet, Baird, Lamb Weston Holdings —, Barclays, Endeavor Energy Resources, Conagra
Dollar firm as war widens in Middle East
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: +2 min
The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. The bid for safety kept the yen broadly steady at 143.45 per dollar and the Swiss franc at 0.8463 per dollar. The New Zealand dollar was nursing a 1.1% overnight fall at $0.6283 and oil prices had jumped 2.5%. Westpac strategist Imre Speizer said the Middle East was unpredictable but that in the absence of escalation market sentiment could recover and focus return to economics.
Persons: Sterling, Imre Speizer, Tim Walz, JD Vance Organizations: Swiss, New Zealand, U.S, Iran's Revolutionary Guard Corps, Hezbollah, ANZ, Westpac, BNZ, Gulf Coast dockworkers Locations: Iranian, Israel, Early Asia, Iran, Lebanon, Asia, New Zealand, dockside, East, Gulf Coast
Humana – Shares plunged more than 22% after the healthcare company announced dire preliminary Medicare Advantage data for 2025. China stocks – Shares of Chinese companies continued to gain amid the broader stimulus rally . Diamondback Energy – The oil stock rose 3% following an upgrade to overweight from equal weight at Barclays. Energy stocks – Shares of energy companies rose following Iran's missile attack on Israel . APA Corp and Marathon Oil both rose more than 2%, and Occidental Petroleum rose more than 1%.
Persons: PDD, Alibaba, Lamb Weston –, Lamb, Betty Jiang, Diamondback, Dan Arnold, Rich Steinmeier, Davidson, , Lisa Kailai Han, Jesse Pound, Sarah Min, Michelle Fox Theobald Organizations: Nike –, Nike, Li Auto, Baidu, Diamondback Energy, Barclays, Endeavor Energy Resources, LPL, LPL Financial, Baird, Energy, APA Corp, Marathon Oil, Occidental Petroleum Locations: China, Israel
Key lines from the Vance-Walz vice presidential debate
  + stars: | 2024-10-02 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +19 min
Here are key lines from the debate, which was hosted by CBS News in New York City on Tuesday. Vance said many of the things Trump says, but he did it with a control that Trump lacks. The only answer is during the four years that Donald Trump was president. We have a historic immigration crisis because Kamala Harris started and said that she wanted to undo all of Donald Trump’s border policies. We could come together and solve this if we didn’t let Donald Trump continue to make it an issue.
Persons: Tim Walz, Sen, JD Vance, Vance, don’t, Vance Vance, Donald Trump, Donald Trump’s, Trump, Walz, Walz Walz, I’m, didn’t, Vance Trump’s, Joe Biden, Kim Jong Un, Chip Somodevilla, I’ve, we’re, Walz Vance, Kamala Harris, Vance Walz, you’ve, You’ve, Kamala Harris ’, Matthew, , Margaret Brennan, Norah O'Donnell, Brendan McDermid, Reuters We’re, We’re, Vance It’s, Robert F, Kennedy Jr, , Harris, Biden, Nora, we’ve, Wade, Roe, Amber Thurman, Sandy, Walz misspoke, That’s, Vance Both Walz, You’re, Vance Child, Vance Trump, Walz Trump, It’s, he’ll, he’s Organizations: CNN, Gov, Minnesota, CBS News, Social Security, Trump, NATO, CBS, Center, Reuters, Mayo Clinic, Pharmaceuticals, Sandy Hook Elementary, Minnesota Gov, Affordable, Biden, Democratic Locations: Ohio, New York City, Israel, Iran, American, Afghanistan, Syria, Iraq, America, Mexico, Springfield , Ohio, Springfield, New York, Rochester , Minnesota, Hong Kong, China, Roe, Georgia, Finland
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LONDON — European stocks were slightly higher Wednesday as investors attempted to look beyond escalating tensions in the Middle East and await fresh employment data out of the region. The pan-European Stoxx 600 was up 0.35% in opening trade, with the majority of sectors and major bourses moving in the green. Oil and gas stocks added 2.42% on the prospect of supply disruptions in the Middle East, while travel and leisure stocks dipped 0.25% as airlines diverted flights out of the region. Meantime, shares of British sports retailer JD Sports fell 3.5% even as the company reported expectation-beating revenues and profits for the first half. The attack came on the heels of Israel's deployment of ground forces into south Lebanon, escalating its offensive on Hezbollah, the Iran-backed militant group.
Persons: Hassan Nasrallah Organizations: Saab, BAE Systems, Thales, Rheinmetall, JD Sports, Nike, Nasdaq, Hezbollah Locations: Iran, Israel, Iranian, Lebanon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Tim Scott: Economically you were healthier under Donald Trump than you are under Joe BidenSen. Tim Scott (R-S.C.) joins 'Squawk Box' to discuss last night's vice presidential debate between JD Vance and Tim Walz, Harris vs. Trump on the economy, state of the 2024 election, and more.
Persons: Email Sen, Tim Scott, Donald Trump, Joe Biden Sen, JD Vance, Tim Walz, Harris, Trump Organizations: Email
Tim Walz and JD Vance are debating on Tuesday night for the first and only time. Tim Walz of Minnesota met on Tuesday night for the first and only vice presidential debate. Tuesday night's faceoff represents an opportunity for both Walz and Vance to introduce themselves to their biggest audience yet while reinforcing their respective running mates' campaign messages. AdvertisementWalz then pivoted to attacking Trump, saying that "a nearly 80-year-old Donald Trump talking about crowd sizes is not what we need in this moment." "I think it's important for us, first of all, to say Donald Trump and I support clean air, clean water.
Persons: Tim Walz, JD Vance, Trump, Harris, , Sen, Joe Biden's, Kamala Harris, Donald Trump, faceoff, Walz, Vance, Israel —, YIKES, TZsI1jPjtK — Curtis Houck, Israel, " Walz, Hurricane Helene, They've, We're, mics, you've, PxZ4nmphNW — Aaron Rupar, who've, Rochester , Minnesota —, I've, IpXc26KOBx, Gus, Tim, We've, we've, Usha, Hillary Clinton, Vladimir Putin, It's, Donald Trump's, Mike Pence Organizations: Service, Ohio, Gov, Trump, Biden, Republicans, Mayo Clinic, CNN, CBS, Buckeye State, Democratic, Facebook Locations: Minnesota, Iranian, Israel, Iran, Gaza, United States, Ohio, Hurricane, Tennessee, North Carolina, Mexico, Springfield, Rochester , Minnesota, China, Hong Kong, Asia
Tim Walz took the stage in their first and only debate on Tuesday. Tim Walz in the pair's only debate of their vice presidential campaigns. AdvertisementAccording to polling, Vance has become one of the least-liked vice presidential candidates in history. The vice presidential debate is likely the last major debate of the campaign, as the presidential nominees haven't agreed to a second appearance after their September 10 face-off. "Vance's casual use of 'Tim' when addressing Walz subtly diminished Walz's authority, creating an impression of informality that worked in Vance's favor," Bui said.
Persons: Sen, JD Vance, Tim Walz, Vance, , Ohio, Walz, Benjamin Radd, backtrack, Trumper, Radd, Crystal Bui, George Floyd's, Bui, Harris, Kamala Harris, Joe Biden's, haven't, Tim, Susan McWilliams Barndt, McWilliams Barndt, I'm Organizations: Gov, Service, Minnesota Gov, UCLA, UCLA Burkle Center for International Relations, Democratic, Spotlight Communications, Trump, Pomona College, Business Locations: Minnesota, Vance's
Among debate watchers, Walz remains the candidate who’s seen more positively and as more in touch with their needs and vision for the country. He was also narrowly seen as doing a better job than Walz of defending his running mate. Both men, the poll finds, are viewed by a majority of debate watchers as qualified to assume the presidency if needed. Debate watchers came away from the debate with roughly neutral views of Vance: 41% rated him favorably and 44% unfavorably. Results for the full sample of debate watchers have a margin of sampling error of plus or minus 5.3 percentage points.
Persons: Tim Walz, JD Vance, SSRS, Walz, Vance, Donald Trump, Joe Biden, Trump, Kamala Harris, Harris, That’s, Harris ’ Organizations: CNN, Democratic, Republican, Trump, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Hampshire Gov. Chris Sununu: The impact of last night's VP debate was marginalColorado Governor Jared Polis and New Hampshire Governor Chris Sununu join 'Squawk Box' to discuss last night's VP debate between JD Vance and Tim Walz, impact of the debate on 2024 election, and more.
Persons: Chris Sununu, Jared Polis, JD Vance, Tim Walz Organizations: New, New Hampshire Gov, Colorado, New Hampshire Locations: New Hampshire
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVP debate encouraging as both parties were civil and substantive: Former U.S. ambassador to SingaporeFrank Lavin, a visiting fellow at the Hoover Institution and former U.S. ambassador to Singapore, discusses the vice presidential debate between Republican nominee JD Vance and Democratic nominee Tim Walz.
Persons: Singapore Frank Lavin, JD Vance, Tim Walz Organizations: Hoover Institution, Republican, Democratic Locations: U.S, Singapore
People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday. Mainland Chinese markets, including Shanghai and Shenzhen stock exchanges, will remain closed until Oct. 8. "I am bullish on Chinese equities; this time is different," Scott Rubner, tactical specialist at Goldman Sachs, said in a note. "I have never seen this much daily demand for Chinese equities: I do not even think we have gone back to benchmark index weights yet."
Persons: Scott Rubner, Goldman Sachs, David Tepper, JD.com Organizations: Exchange, Hong Kong Stock Exchange, Management, CNBC Locations: Shanghai, Shenzhen, China, Mainland, Beijing
The vice presidential debate between Tim Walz and JD Vance scored more than 43 million viewers on TV Tuesday night, according to Nielsen estimates. An unknown number of additional viewers watched the debate on YouTube and other online platforms. Four years ago, 57 million tuned in to the only vice presidential debate of the 2020 election cycle between Harris and then-Vice President Mike Pence. In 2008, a record 69.9 million watched Joe Biden and Sarah Palin face off on television in the most-watched VP debate, according to Nielsen. But Trump continues to shun offers of another debate, so the VP debate may be the last of this election cycle.
Persons: Tim Walz, JD Vance, Kamala Harris, Donald Trump, Walz, Vance, Harris, Mike Pence, Joe Biden, Sarah Palin, pollsters, , , Trump, ” Trump, Biden Organizations: New, New York CNN, Nielsen, CBS, YouTube, ” CBS, CNN Locations: New York, United States, Atlanta
After months of personal attacks, Vance and Walz didn't trade serious blows until the end. AdvertisementEchoing Trump, Vance questioned why Harris hadn't already worked on passing some of her economic policies. Related storiesVance is also not former Vice President Mike Pence. In his closing statement, Walz praised a coalition that had brought former Vice President Dick Cheney and Taylor Swift together. Vance accused Walz of abandoning his National Guard unit by retiring before his service members were deployed to Iraq.
Persons: Sen, JD Vance, Tim Walz's, Vance, Walz didn't, , Tim Walz, Trump, Walz, Kamala Harris, Harris hadn't, Trump's MAGA, Mike Pence, George W, Bush, Amber Nicole Thurman, Amber Thurman, Harris, Dick Cheney, Taylor Swift, Darth Vader, I've, " Walz, Donald Trump, Joe Biden's Organizations: Gov, Service, Ohio, Nice, Former, Ohio Republican, Republican Party, Democratic, Capitol, National Guard, Trump, Biden Locations: Minnesota, Springfield , Ohio, Georgia, Arizona, Iraq
Sen. JD Vance had a good night during the vice presidential debate. But the GOP vice presidential nominee fumbled on the subject of the 2020 election. Vance refused to give a direct answer when asked if former President Donald Trump lost the 2020 race. Former Vice President Mike Pence wasn't on the stage for Tuesday night's vice presidential debate because he refused to help Trump overturn the election. Walz: Did Donald Trump lose the 2020 election?
Persons: Sen, JD Vance, Vance, Donald Trump, , Ohio, Mike Pence wasn't, Trump, Pence, Vance couldn't, Gov . Walz, I’m, Walz, h1MXP2fGY8 — Kamala, Tim Walz, Donald Trump's, didn't, Tim, I'm, Kamala Harris, It's, Mike Pence, " Walz, president's, Will, doesn't, Joe Biden's, Harris Organizations: Service, Republican, Gov, Minnesota Gov, Midwest Niceness, Capitol, Ohio Republican, CNN Locations: Springfield , Ohio, Minnesota, America, Ohio
Tim Walz and Sen. JD Vance had a sharp exchange regarding the January 6, 2021, riot. Vance declined to state whether Trump lost the 2020 race and brought up Facebook, which Trump has repeatedly criticized. Tim Walz and Sen. JD Vance of Ohio defended their running mates on everything from climate change to inflation. During the debate, Walz was incredulous after Vance refused to say that Trump lost the 2020 election. During the debate, Vance pivoted from January 6 to rail against what he said was censorship from Harris regarding online misinformation.
Persons: Tim Walz, Sen, JD Vance, Walz, Trump, Biden's, Vance, , Ohio, Donald Trump, Mike Pence —, Joe Biden's, didn't, Hillary Clinton —, " Walz, Mark Zuckerberg, Harris, Zuckerberg Organizations: Facebook, Service, Minnesota Gov, Trump, Democratic, GOP, Republicans, House Republicans, New York Times Locations: Minnesota, Arizona, Pennsylvania, Ohio
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