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☆ Potential UAW strike could cut production, push up vehicle prices, analysts say
▼ + stars: | 2023-09-11 | by ( Priyamvada C | ) www.reuters.com time to read: +3 min

Sept 11 (Reuters) - A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said. New vehicle prices may rise by less than 2% if the strike lasts about two weeks, according to automotive consulting firm J.D. That would mean an end to the trend of cooling vehicle prices in recent months, at a time when inflation continues to pinch U.S. consumers. However, UAW president Shawn Fain rejected the idea that worker wages were responsible for auto prices going up in the last few years. In a video released on Thursday titled "Here's what the Big Three and the corporate media's NOT telling you about car prices," Fain said "corporate greed" was responsible for rising car prices.

Persons: Tyson Jominy, Jominy, Garrett Nelson, J.P, Morgan, Jimmy Bhullar, Jim, Farley, Mary, Barra, Dan Ives, Tesla, Bryan DeBoer, Shawn Fain, Fain, Priyamvada C, Nathan Gomes, Abhijith, Anil D'Silva Organizations: United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Toyota, Honda, Volkswagen, Deutsche Bank, GM, Ford, Lithia Motors, Thomson Locations: ., U.S, Bengaluru

☆ Fears about China's government ban on iPhones are 'way overdone,' as the crackdown could impact only 1% of the smartphone's sales in China: analyst
▼ + stars: | 2023-09-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But Wedbush's Dan Ives says the fears are ' way overdone' as the ban could only impact 1% of iPhone sales in China. overdone' as the ban could only impact 1% of iPhone sales in China. There's also another reason why Beijing is unlikely to widen an iPhone ban in the country. China's ban on foreign phone brands in government agencies echoes similar restrictions in the US — such as a New York City ban on TikTok on government-owned devices. They've lost 6% since Wednesday after the news of China's iPhone ban broke.

Persons: Wedbush's Dan Ives, Dan Ives, Amit Daryanani, There's, Daryanani, They've, Evercore Organizations: Apple, Service, Investors, Wall Street Journal, Evercore ISI Locations: Beijing, China, Wall, Silicon, Washington, New York City

☆ Hip-hop stars and financial luminaries: Ritholtz Wealth Management redesigns the investment conference
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Surf City USA —for a financial conference. A financial conference on a beach? Reinventing the financial conferenceWelcome to FutureProof, billed as "the largest gathering of top-tier wealth management professionals, CEOs, CTOs, COOs, and fast-growing financial advisors." It's the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. "Coming out of the pandemic, it was obvious to us that the traditional financial conference was past its sell-by date," Ritholtz told me.

Persons: Tang, Redman, They're, Jeremy Siegel, Jeff Kleintop, Charles Schwab, Emily Roland, John Hancock, Cliff Asness, Jeff Gundlach, maven Jan van Eck, Barry Ritholtz, Josh Brown, Ritholtz, FutureProof, You'll, Goldman, Goldman Sachs, Morgan Stanley, JP Morgan, RIAs, Dan Ives, Scott Wapner, Siegel, Morningstar, Christine Benz, Jeffrey Ptak, Ben Johnson, podcasters Michael Batnick, Ben Carlson, Wu, Tang Clan Organizations: Wharton, Ritholtz Wealth Management, Chiropractic, Health, Investment Advisors, CNBC, Financial Locations: Huntington Beach , CA, Huntington Beach , California, Surf, Huntington Beach, AQR, DoubleLine, FutureProof, COOs, Wells, Wedbush, Young

He has been spotted several times, even as officers use drones, dogs and helicopters to find and arrest him. Mr. Cavalcante, a Brazilian national, is also wanted for a 2017 murder in his home country. On Saturday night Mr. Cavalcante was seen on a doorbell camera miles away. Police are now searching an area deeper in the Pennsylvania countryside, where he abandoned the van, apparently after it ran out of gas. They urged people in the area to be vigilant and warned of consequences for anyone who helped him.

Persons: Cavalcante Organizations: Police Locations: Brazilian, Pennsylvania

As the death toll from the powerful earthquake in Morocco rose on Saturday, questions mounted about the vulnerability of buildings in the seismically active North African country. Moroccan architects said that the hardest-hit areas were rural zones with many earthen houses that were unable to withstand the shaking. “Given the state of the buildings in the country, this death toll was kind of expected,” said Anass Amazirh, an architect in the northern city of Casablanca. Image Rescue workers searching for survivors in a collapsed house in Moulay Brahim, in Morocco’s Al Haouz Province, on Saturday. “These more extreme risks occur regularly in other countries,” the report said, “and Morocco cannot avoid taking them into account.”

Persons: “, ”, Anass Amazirh, Omar Farkhani, Fadel Senna, Mr, Farkhani, Al Hoceima, Al, Haouz, Amazirh Organizations: Morocco’s, of Architects, ., Agence France, Moroccan, Organization for Economic Cooperation, Development Locations: Marrakesh, Morocco, Moroccan, Casablanca, Al Haouz, Moulay Brahim, Morocco’s Al Haouz Province, Al, Al Hoceima, “

The quake had a magnitude of 6.8 and a depth of about 11 miles, the United States Geological Survey said in a preliminary report. Here’s what to know about the earthquake: The United States Geological Survey said it was the strongest quake to hit the area in more than 100 years. The epicenter of the earthquake was just over 30 miles west of Oukaimeden, a popular Moroccan ski resort, the U.S.G.S. As of early morning local time, the full extent of the casualties and damages was not known. The deadliest and most destructive earthquake in Morocco’s recent history was 5.8 magnitude and killed about 12,000 people in 1960.

Organizations: Morocco, Ministry, United States Geological Survey, UNESCO, Heritage, Reuters Locations: Marrakesh, Oukaimeden, Moroccan

☆ UAW union embraces social media as labor talks toughen ahead of deadline
▼ + stars: | 2023-09-09 | by ( Bianca Flowers | Thomson Reuters | Bianca Flowers Is An Award-Winning Multimedia Journalist Based In Chicago Where She Reports On The Backbone Of The U.S. Labor Market. She Covers Agriculture | ) www.reuters.com time to read: +4 min

United Auto Workers President Shawn Fain greets UAW autoworkers, at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 9 (Reuters) - The United Auto Workers union is leveraging the power of social media to attract public support in demanding substantial wage increases for hourly workers as a deadline looms with the Detroit Three automakers. On Friday, he said the UAW was prepared to strike all three companies if no deals are reached. "What we've seen is the new president of the UAW taking an offer from the automakers and throwing it in a wastebasket on social media. This week, the UAW released a video in an effort to save a shuttered Stellantis plant in the northern Illinois town of Belvidere.

Persons: Shawn Fain, Rebecca Cook, Shawn Fain hasn't, Daniel Ives, Fain, He's, Harley Shaiken, Brian Rothenberg, Tesla, there's, Matt Frantzen, he's, Bianca Flowers, Leslie Adler Organizations: United Auto Workers, UAW, Sterling Heights Assembly, REUTERS, Detroit Three, Motors, Ford, Facebook, Twitter, University of California, Auto, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Berkeley, Illinois, Belvidere, Stellantis, Chicago

Residents of Morocco who experienced the earthquake firsthand said that confusion had quickly turned into chaos when their walls started shaking and objects started crashing to the ground. In Amizmiz, a town about 30 miles southwest of Marrakesh that is near the epicenter, Yasmina Bennani was about to go to sleep on Friday night when she heard a loud noise. “I felt terrorized,” said Ms. Bennani, 38, a journalist who, like many people in the area, lives in a house made of clay bricks. “It didn’t last long but felt like years,” Ms. Bennani said. “The adrenaline took over,” Mr. Kourkouz told BFMTV.

Persons: Bennani, ”, ” Ms, “, “ Mustapha, Hassan, Ilhem, Maftouh, ” Yacine, France’s, Mr, Kourkouz, BFMTV, ” Raja Bouri, Ms, Bouri Locations: Marrakesh, Saturday, Morocco, Moroccan, Agadir

☆ At Least 296 Killed as Strong Quake Strikes Morocco, Military Says
▼ + stars: | 2023-09-08 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

A powerful earthquake that struck about 50 miles from the Moroccan city of Marrakesh late Friday killed at least 296 people, the authorities said early Saturday, as a frantic rescue effort took shape in the hours before dawn. The Moroccan armed forces announced the confirmed death toll of 296 in a post on X, formerly known on Twitter, soon after releasing a preliminary estimate saying that about 100 had been killed. An additional 153 people were transported to hospitals with injuries, the Moroccan news outlet 2M reported. The quake in the High Atlas Mountains had a magnitude of 6.8 and a depth of about 11 miles, the United States Geological Survey said in a preliminary report. The Associated Press reported that it damaged buildings and sent people pouring into the streets of Marrakesh and other Moroccan cities.

Organizations: Twitter, Ministry, United States Geological Survey, Associated Press Locations: Moroccan, Marrakesh, country’s

☆ GM and Ford are facing a 'nightmare situation' that could be great news for Tesla
▼ + stars: | 2023-09-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla is already having a banner year for both sales and production. This is all "a potential nightmare situation for GM and Ford," Wedbush analyst Dan Ives said in a note to clients this month. AdvertisementAdvertisement"Tesla does not face similar issues which speaks to the complexity both GM and Ford face going up against the EV leader Tesla, while trying to satisfy rising union demands," Ives said. "If a strike happens then ultimately production and the EV roadmap could be pushed out into 2024 and delays would be on the horizon at this crucial period for GM, Ford, and Stellantis." Raising the stakes for GM and Ford: Tesla is already having a banner year for both sales and production, on track to hit its nearly 2 million-unit production target by the end of the year.

Persons: Tesla, Stellantis, Dan Ives, Ives, Farley, Elon, Barra Organizations: Detroit, Service, United Auto Workers union, UAW, Ford, General Motors, GM, Tesla, EV, Tesla Ford Locations: Wall, Silicon

The wages in Bali, which has a population of more than four million people, can be higher than in other parts of Indonesia. Others, like four of the five young housekeepers who died in the elevator accident last week, are day laborers or contractors who work without a social safety net, sometimes for years. In the Ayuterra Resort case, the government insurance agency decided to give all five workers insurance payouts of over $10,000. Representatives for Ayuterra Resort, in the Ubud area of Bali, did not immediately respond to requests for comment. On Thursday, the online rate for a two-bedroom Ayuterra penthouse villa with a private pool in October was nearly $700.

Persons: housekeepers, Niluh Djelantik, ” Organizations: Ayuterra Locations: Bali, Indonesia, Mount, Ubud

☆ Apple pullback in China will only mean 500,000 units at worst, says Wedbush's Dan Ives
▼ + stars: | 2023-09-07 | 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 EmailApple pullback in China will only mean 500,000 units at worst, says Wedbush's Dan IvesDan Ives, managing director of equity research at Wedbush Securities, joins 'Closing Bell' to discuss tech whether or not Apple's recent headwinds from China are overblown, the estimated valuation of Apple's services business and the case for China being a growth engine for Apple.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities, Apple Locations: China

☆ Apple stock has lost $191 billion in market cap over 2 days on fears of China's crackdown
▼ + stars: | 2023-09-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Apple stock has lost about $191 billion in market capitalization over the last two days. Apple stock declined as much as 5.1% on Thursday before paring some of its losses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The losses come after China banned iPhone use for government officials while at work, the Wall Street Journal reported on Wednesday. AdvertisementAdvertisementAnd Goldman Sachs strategists published a note on Monday that the tech titan is poised to stay dominant moving forward.

Persons: paring, Wedbush's Dan Ives, Goldman Sachs Organizations: Service, Wall Street, Bloomberg, Apple, European Commission, Wednesday, Meta, Microsoft Locations: China, Wall, Silicon, Europe, Beijing

☆ Apple lost over $200 billion in market value in two days. Here's where Jim Cramer stands on the stock
▼ + stars: | 2023-09-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Jim Cramer said Thursday he stands by the Club's "own it, don't trade it" designation on Apple, which was on a two-session losing streak that wiped out more than $200 billion in market value in the stock. "If I really felt like a disaster was coming, I would suspend" our mantra of "own it, don't trade it" on Apple stock, Jim Cramer said during the Club's Morning Meeting on Thursday. Apple is also extending efforts into emerging economies such as India, which like China has roughly 1.4 billion people. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, shouldn't, Jim, Gina Raimondo, isn't, Apple, Wamsi Mohan, Daniel Ives, Ives, Jim Cramer's Organizations: Apple, Big Tech, Street Journal, Huawei, U.S . Commerce, Bloomberg, Bank of America, Wedbush Securities, U.S, The, CNBC, S3studio, Getty Locations: China, America, Beijing, Americas, Europe, India, Mong Kok District, Hong Kong

If you’re ever in New Delhi and think you hear a monkey, don’t assume it’s a monkey. It could be a professional monkey noise impersonator. That’s because humans have been trained to imitate the guttural grunts and shrieks of gray langurs, a type of large monkey that can scare away the smaller kinds that tend to invade city officials’ residences or disrupt state visits. This weekend, the impersonators will take on a fresh challenge: keeping monkeys, which often evade guards by swinging through tree canopies, from barging into venues for the Group of 20 summit of world leaders, the first to take place in India. The event is an important one for India on the global stage, and the government does not want monkeys to steal the spotlight.

Organizations: Group Locations: New Delhi, barging, India

☆ 13% of Americans have a disability—what this means during the job application process
▼ + stars: | 2023-09-06 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +5 min

But this percentage is likely an undercount, Mia Ives-Rublee, disability justice initiative director at the Center for American Progress, tells CNBC Make It. Employers aren't allowed to ask you about your disability status in a job interview, so why are they allowed to include a voluntary question on a job application? "Legally, it cannot be flagged on your application," Ives-Rublee says. The choice to self-identify on a job application, or once you are hired into a company, is a deeply personal one, Ives-Rublee acknowledges. It is, of course, up to you to decide if or when you are comfortable disclosing your disability status — even if you know the self-identification will be kept confidential during the job application process.

Persons: Mia Ives, it's, Ives, Rublee, Employers aren't Organizations: Pew Research, Center for American, CNBC, Ives, Employers, Rehabilitation, U.S . Department of Labor, U.S . Department, Labor's Locations: United States

☆ Have You Met My Collaborator? He’s So Classic, He’s Dead.
▼ + stars: | 2023-09-05 | by ( Jesse Green | More About Jesse Green | ) www.nytimes.com time to read: +2 min

On Broadway, Off Broadway, in special events and out of town, living authors are collaborating with dead ones. Some otherwise viable shows, like “Annie Get Your Gun,” need surgery because their racial or gender assumptions are now unacceptable. Others, like “Show Boat,” are merely falling out of copyright, with heirs eager to find a way to remonetize their property. And some — well one — are “Here We Are,” the musical Stephen Sondheim was working on when he died in November 2021. Directed by Joe Mantello and with a book by the comic playwright David Ives, it will reflect a very unusual collaboration indeed.

Persons: Amber Ruffin, Oz, Richard LaGravenese, Daniel Koa Beaty, John O’Hara’s, “ Pal Joey ”, Rodgers, Hart, John Weidman’s revisal, Annie, Stephen Sondheim, Michael Paulson, Sondheim, Luis Buñuel, ”, Joe Mantello, David Ives

☆ A new tech bull market is coming, says Wedbush's Dan Ives
▼ + stars: | 2023-09-01 | 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 EmailA new tech bull market is coming, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: CNBC

☆ Police Hunt for Convicted Murderer Who Escaped Pennsylvania Prison
▼ + stars: | 2023-08-31 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: 1 min

Law enforcement agencies were searching late Thursday for a Brazilian man who escaped from a prison near Philadelphia, days after he was sentenced to life in prison for the fatal stabbing of his former girlfriend, the authorities said. The inmate, Danelo Cavalcante, escaped from the Chester County Prison Thursday morning, the local district attorney’s office said on X, formerly known as Twitter. The prison’s acting warden, Howard Holland, declined to comment at a news conference on how or why the escape occurred, saying only that it was under investigation. Deb Ryan, the Chester County district attorney, said at the news conference that Mr. Cavalcante was last seen walking southbound in the county’s Pocopson Township that morning wearing a white T-shirt, gray shorts and white sneakers.

Persons: Danelo Cavalcante, Howard Holland, Deb Ryan, Cavalcante Organizations: Twitter Locations: Philadelphia, Chester, Chester County

☆ Salesforce earnings will be a barometer for the rest of tech, says Wedbush's Dan Ives
▼ + stars: | 2023-08-30 | 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 EmailSalesforce earnings will be a barometer for the rest of tech, says Wedbush's Dan IvesDan Ives, senior equity research analyst at Wedbush Securities, joins 'Closing Bell' to discuss Salesforce ahead of the company's earnings report after the bell.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ After layoffs, cost cuts and a price increase, Salesforce has exceeded a 30% profit margin — exactly what its activist investors wanted to see
▼ + stars: | 2023-08-30 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Salesforce reported a 31.6% profit margin on Wednesday for its Q2 FY '24, raising annual guidance to 30%. Activist investor Starboard Value last year called on Salesforce to up its profit margins. A leaked plan said Salesforce aimed to deliver above a 30% margin by fiscal 2025. That plan outlined a goal to reach above 30% profit margins in fiscal 2025. Starboard noted that Salesforce should have profit margins of at least 30% — exactly what the company delivered Wednesday.

Persons: Salesforce, Marc Benioff, Benioff, It's, it's, Wedbush's Daniel Ives, Ives, Ellen Thomas Organizations: Morning, Oracle, Microsoft, ethomas Locations: Salesforce

A graduate student at the University of North Carolina at Chapel Hill has been charged in the fatal shooting of one of his professors on Monday, a killing that spread fear across the campus and forced an hourslong lockdown, according to court documents. The student, Tailei Qi, 34, was charged with first-degree murder and possession of a firearm on educational property in the killing of Zijie Yan, an associate professor in the applied physical sciences department, inside a campus lab, according to court documents filed in Orange County Court in Hillsborough, N.C.Mr. Qi made a brief appearance in court on Tuesday afternoon and was ordered held without bond until his next court appearance on Sept. 18. He did not enter a plea. The public defender who represented him did not immediately respond to an email and phone call seeking comment. Court documents did not describe a motive for the shooting, and Jeffrey L. Nieman, the Orange County district attorney, declined to comment on what might have led to it.

Persons: Tailei Qi, Zijie Yan, Qi, Jeffrey L, Nieman Organizations: University of North, Chapel, Orange County Court, Mr Locations: University of North Carolina, Orange County, Hillsborough, N.C

☆ Nvidia and tech stocks will 'rip higher' into second half of 2023, says Wedbush's Ives
▼ + stars: | 2023-08-29 | 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 EmailNvidia and tech stocks will 'rip higher' into second half of 2023, says Wedbush's IvesDan Ives, Wedbush Securities, joins 'Squawk on the Street' to discuss Ives' thoughts on the market environment for tech stocks, the concerns around Nvidia's stock reaction to earnings, and a name of the mega-cap tech stocks Ives would rate as underweight.

Persons: Wedbush's Ives Dan Ives, Ives Organizations: Nvidia, Wedbush Securities

☆ Nvidia jumps amid rally in tech. Here's what the pros have to say
▼ + stars: | 2023-08-29 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia jumps amid rally in tech. Here's what the pros have to sayTom Lee of Fundstrat Global Advisors, Dan Ives of Wedbush Securities and Jim Lebenthal of Cerity Partners discussed Nvidia after the stock rallied Tuesday and Morgan Stanley reiterated the name as overweight.

Persons: Tom Lee, Dan Ives, Jim Lebenthal, Morgan Stanley Organizations: Nvidia, Fundstrat Global Advisors, Wedbush Securities, Cerity Partners

☆ Thailand’s Weed Industry Is Poised to Grow Fast
▼ + stars: | 2023-08-27 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

In Bangkok these days, it’s hard not to notice the weed dispensaries catering to tourists that have multiplied since the government decriminalized the drug last year. Many of them take advantage of lax regulations to openly sell visitors dried marijuana flowers that have been imported illegally from Canada or the United States. On a recent afternoon, one shop advertised its pungent offerings — weed strains with names like “Ice Cream Cake” and “Lemon Cookies” — as “California’s finest.”But such dispensaries may be soon be out of business because of competition, oversupply and expected new regulations around the drug’s cultivation and sale, several cannabis industry experts said in interviews. The survivors will sell high-quality, domestically grown weed, which helps explain why investors have been plowing millions of dollars into high-tech indoor cannabis farms across Thailand. Although no one knows what kind of regulations the nation’s newly elected leadership will usher in, cannabis industry experts said the rules will most likely give investors more clarity and raise the bar to market entry in a way that benefits businesses with the best domestic supply chains.

Locations: Bangkok, Canada, United States, Thailand

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