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☆ Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
▼ + stars: | 2024-11-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Getting that money required him to make big promises pertaining to the crypto industry. "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said during his keynote speech. Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals. "On day one, I will fire Gary Gensler," Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.

Persons: Donald Trump, Joe Raedle, Elon Musk, Robert F, Kennedy, Jr, Cantor Fitzgerald, Howard Lutnick, Trump, MicroStrategy, Gary Gensler, Joe Biden, Gensler, Crypto, haven't, Sen, Elizabeth Warren, Bitcoin, Jerome Powell Organizations: Trump National Doral Golf Club, Getty, Republican, Strategic, White, U.S . Marshals Service, U.S . Securities, Exchange, SEC, Trump, Lago Club, Riot, Marathon Digital Holdings, Radical Communist, Federal Reserve Locations: Doral , Florida, Nashville, United States of America, Germany, America, Palm Beach , Florida, China, Russia, USA

☆ The big Trump losers: These stocks could have an overhang for a while
▼ + stars: | 2024-11-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.

Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico

☆ Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Crypto stocks – Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. Bank stocks — Shares of banking stocks soared in premarket trading after Donald Trump's victory spurred investor optimism that the sector could see less regulation . CVS Health — Shares rose 7.5% after CVS posted mixed third-quarter results , citing higher medical costs that weighed on net income. Clean energy stocks — Shares of renewable energy and solar companies slid on worries that Trump's second term could imperil the Inflation Reduction Act and measures to fight climate change. Dollar Tree , Five Below — Shares of Dollar Tree slipped 1.6%, while Five Below moved down 9%.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Wells Fargo, SunRun, FirstSolar, Wegovy, Trump, CoreCivic, Dan Ives, Tesla, — CNBC's Michelle Fox Theobald, Tanaya Macheel, Brian Evans Organizations: MicroStrategy, Bank, —, Citigroup, Bank of America, Trump Media & Technology, Republican, CVS, Enphase Energy, Novo Nordisk —, GEO Group, Elon, Trump, Wedbush Securities, Tilray, Aurora Cannabis, National Retail Federation Locations: FactSet, Novo Nordisk — U.S, Danish, U.S, Florida, Canada, China

☆ China's navy warned its millennial and Gen Z sailors not to display their military credentials to attract attention on dating apps
▼ + stars: | 2024-11-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China told its sailors on Monday to avoid posting about their jobs on dating apps. In the last year, China has pushed hard on warnings about online habits that it deems are security threats. AdvertisementChina's navy warned its younger members on Monday to avoid publicizing their military careers on dating apps over concerns of security breaches by foreign entities. The internet has traps," the People's Liberation Army Navy's official propaganda arm wrote in a social media post for the "internet generation." Related Video China shows how it would attack Taiwan as tensions rise"Nowadays, dating apps have emerged in an endless stream," the post reads.

Persons: —, Xi Jinping, Li Shangfu Organizations: Service, People's Liberation Army, Microsoft, Defense Locations: China, Taiwan, Beijing, Washington

Mr. Trump is widely regarded around the world as a transactional leader. Chinese officials do see a potential upside if Mr. Trump pulls the United States back from its role as a global leader. But the Kremlin seems skeptical that Mr. Trump would actually push for such a deal, especially because of his track record: There was jubilation in Moscow when Mr. Trump won in 2016, but over the next four years, U.S. sanctions against Russia only increased, and Mr. Trump sent antitank weapons to Ukraine. On Wednesday, he quickly made clear that he would seek to have Mr. Trump on his side, as one of the first world leaders to congratulate Mr. Trump in a post on X. Mr. Trump has been effective in demanding more military spending from fellow NATO members, said Mr. Heisbourg.

Persons: David Pierson, Trump, Donald Trump’s, India Mujib Mashal, Narendra Modi, Trump’s, Africa Abdi Latif Dahir, —, Gaza Patrick Kingsley, Benjamin Netanyahu, Benjamin Netanyahu’s, Mr, Netanyahu, “, ”, Basem Naim, ” Read, Mexico Natalie Kitroeff, Claudia Sheinbaum, Read, Ukraine Anton Troianovski, J.D, Vance, Volodymyr Zelensky, Donald J, Somini Sengupta, NATO Steven Erlanger, Georgina Wright, Vladimir V, Putin, François Heisbourg, Heisbourg Organizations: The Times, Global, Trump, West Bank, Second Trump, NATO, Mr, Russia, Signals, U.S, Biden, International Studies, Institut Montaigne, Republican Locations: China, Beijing, United States, Taiwan, India, Asia, Africa, U.S, Russia, Niger, Chad, Israel, Gaza, Jerusalem, Iran, Mexico, Mexico City, Stake, Ukraine, Moscow, Kyiv, Paris, Europe, “, French

☆ 2024 will be the first year on record to smash a warming limit scientists warned about
▼ + stars: | 2024-11-06 | by ( Brandon Miller | Ella Nilsen | ) edition.cnn.com time to read: +4 min

Nearly all the world’s countries pledged to strive to keep global warming under 1.5 degrees Celsius in the Paris Agreement, which scientists said would prevent cascading and worsening impacts such as droughts, heat waves and catastrophic sea level rise. Data released Wednesday by Europe’s Copernicus Climate Change Service shows 2024 is “virtually certain” to shoot above that threshold. “We don’t have time to stop,” Alex Scott, a climate diplomacy strategist at international think tank ECCO said Wednesday. It would be a more “serious” and “dramatic” step, said Alden Meyer, senior associate at climate think tank E3G and a longtime international climate expert. With Trump’s reelection, global climate negotiations are facing another whiplash moment as Americans seesaw between presidential extremes, said Meyer.

Persons: Europe’s Copernicus, Donald Trump, ” Alex Scott, Trump, ” Scott, Apu Gomes, Alden Meyer, Meyer, “, ” Meyer, Copernicus Organizations: CNN, America, Service, Trump, United Nations, European Union, Milton Locations: Paris, San Bernardino, California, China, Florida, Spain, Fuji, Japan

☆ CNBC Daily Open: Amid focus on elections, don’t take your eyes off markets
▼ + stars: | 2024-11-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. CNBC's election liveblogAs results for the U.S. presidential election start trickling in, CNBC is covering updates live. Markets rally as investors await resultsU.S. markets experienced a broad rally on Tuesday. Individual sectors' movements, however, are more sensitive to the sitting president because their policy often touches on specific parts of the economy.

Persons: Europe's, Hugo Boss, Stocks, It's, doesn't, Bob Pisani, Crypto's, Coinbase Organizations: CNBC, U.S, NBC Locations: Asia, China, U.S

☆ NATO chief warns that the alliance can't afford to not back Ukraine as Trump snatches a White House win
▼ + stars: | 2024-11-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Donald Trump won the presidential election Wednesday, clearing the way for his return to the White House. His past rhetoric has raised concerns over the future of US security assistance to Ukraine and support for NATO. But in a new op-ed, the NATO chief said the military alliance can't afford to stop supporting Kyiv. It did not mention Trump, nor did it single out the US over its military support. AdvertisementIn a social media post earlier in the day, Rutte said he congratulated Trump on winning the election.

Persons: Donald Trump, —, Donald Trump's, Mark Rutte, Rutte, Joe, Carolyn Kaster, Putin, Rutte's, Trump, Biden, Volodymyr Zelenskyy, Julia Demaree Nikhinson, logjam, Laurynas Organizations: NATO, Service, Russia, Dutch, POLITICO, AP, Ukraine, Trump, Transatlantic, Kyiv's, Alliance Locations: Ukraine, Kyiv, Washington, China, Iran, North Korea, Russia, Donetsk, Europe, New York

☆ Trump will win second term, CNN projects, in historic comeback after losing four years ago
▼ + stars: | 2024-11-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +27 min

Trump’s supporters see him as a unique figure whose blunt, sometimes vulgar and often racially suggestive rhetoric reveals him as a scourge of political correctness. Austin Steele/CNN Trump supporters hold up posters that read "47" as they attend an election watch party in Chandler, Arizona. Go Nakamura/Reuters Trump supporters cheer at his election night watch party in West Palm Beach. George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Patrick T. Fallon/AFP via Getty Images Trump and his wife, Melania, walk up to the press after voting in Palm Beach, Florida, on Tuesday.

Persons: Donald Trump, Trump, ”, Kamala Harris, Joe Biden’s, Trump’s, he’s, Harris, Jack Smith, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Austin Steele, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Joe Biden, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Hillary Clinton, –, Smith, Mostafa Bassim, Vladimir Putin, Trumpism, Mike Pence, Sen, Stephen Maturen, Grover Cleveland Organizations: CNN, Washington, Trump, GOP, Republican Party, Capitol, ” Overseas, Howard University, CNN Trump, Reuters Trump, West Palm Beach, Republican, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Voters, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist, Secret Service, Republicans, Justice Department, White, Police, Anadolu Agency, NATO, Hezbollah, House, Herb Brooks National Hockey Center Locations: Lago, America, Wisconsin, Georgia, Pennsylvania, North Carolina, ”, West Palm Beach , Florida, Las Vegas, Washington , DC, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, New York, Reno , Nevada, St . Petersburg , Florida, Philadelphia, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis, United States, Manhattan, Butler , Pennsylvania, Ohio, Washington, Florida, British, Ukraine, Europe, Taiwan, Israel, Gaza, Lebanon, Iran, Afghanistan, St Cloud , Minnesota

☆ China trade restrictions likely to persist no matter who wins the White House, says Hinrich Foundation
▼ + stars: | 2024-11-06 | 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 EmailChina trade restrictions likely to persist no matter who wins the White House, says Hinrich FoundationDeborah Elms, head of trade policy at Hinrich Foundation, discusses her outlook on U.S. trade policy after the presidential election, noting that more restrictions against China are likely regardless of the election outcome.

Persons: Hinrich, Deborah Elms Organizations: China, Foundation Locations: China

☆ Jim Cramer issues a word of caution to euphoric post-election stock investors about bonds
▼ + stars: | 2024-11-06 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Club stock Nvidia rose about 3% Wednesday to an all-time high above $144 per share. Trump will want to champion Nvidia, Jim said, stressing it's an American success story and it makes too much money. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Donald Trump, Dow, Morgan Stanley, We're, Trump, Jim, Trump's, Jim Cramer's Organizations: CNBC, Club, Wells, BlackRock, Nvidia, Taiwan Semiconductor Manufacturing Company, Trump, Jim Cramer's Charitable Locations: —, BlackRock, financials, China

AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ I forced my kids to go on a 70-mile hike with me in California. It taught them what they're capable of.
▼ + stars: | 2024-11-06 | by ( Wendy Altschuler | ) www.businessinsider.com time to read: +6 min

Wendy Altschuler brought her three sons on a 70-mile hike along California's John Muir Trail. Her oldest son put his first aid course to good use while helping his little brother. On our JMT backpacking trip, we cooked meals together, filtered and treated water, set up our tents, and marveled over the day's explorations. Altschuler's oldest son caught, gutted, and cooked a fish. Wendy AltschulerLessons learnedIn the backcountry, after a long time spent casting and hoping, my oldest son caught, gutted, and cooked a fish.

Persons: Wendy Altschuler, John, —, California's John Muir, you've, Conan O'Brien Organizations: Service Locations: John Muir, California's

☆ I renovated my backyard for my son's wedding. The $40,000 investment paid off when we sold the house years later.
▼ + stars: | 2024-11-06 | by ( Chris Mott | ) www.businessinsider.com time to read: +6 min

I spent 11 months fixing up our house so my son could get married in our backyard. The author decided to host his son's wedding in his backyard to save costs. Over the next 11 months, the four of us worked tirelessly to create the perfect wedding venue. The author redid his whole backyard for his son's wedding. AdvertisementThe author's backyard before and during his son's wedding.

Persons: —, Mikayla, they'd, I'd, we'd Organizations: Service, Bobcat, Craigslist, Army Locations: That's, Southern California, Yorba Linda, Sage, Georgia, Washington state

☆ Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
▼ + stars: | 2024-11-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate the market shift toward electric vehicles. Revenue : 11.44 trillion yen vs. 11.41 trillion yen: 11.44 trillion yen vs. 11.41 trillion yen Operating profit: 1.16 trillion yen vs. 1.24 trillion yenThe world's largest automaker by sales volume saw a 20% year-on-year drop in operating profit during the quarter. Net profit attributable to company more than halved to 573.7 billion yen from 1.28 trillion a year ago. "If electric vehicles simply become the only choice, including for our suppliers, those people's jobs would be lost." The company maintained a full-year operating profit of 4.3 trillion yen.

Persons: Akio Toyoda, Toyoda, Suzuki Organizations: Toyota, Toyota Motor, LSEG ., Reuters, National, Traffic Safety Administration, Japan's Transport, Ministry of Land, Transport, Honda, Yamaha Locations: Tokyo, Japan, Infrastructure, Tourism

☆ Mortgage rates surge higher on Trump victory, causing housing stocks to fall
▼ + stars: | 2024-11-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

"The expectation among bond traders coming into the election was that rates would move higher in the event of a Trump victory and especially a red sweep. "The builder stocks are highly sensitive to mortgage rates and mortgage rate expectations. Big builders have been buying down mortgage rates for their customers, but that has been cutting into their margins. Mortgage rates don't follow the Fed, but do react to the central bank's thinking on the economy. Stronger-than-expected economic reports in September and October caused bond yields, and consequently mortgage rates, to move higher.

Persons: Donald Trump's, Matthew Graham, Horton, PulteGroup, Lowe's, John Burns, Trump, Carl Harris, Graham Organizations: Mortgage News, Trump, . Housing, John Burns Real Estate Consulting, National Association of Home Builders, Federal Reserve, National Association of Realtors Locations: U.S, D.R

☆ Republican Tim Sheehy will defeat Sen. Jon Tester in competitive Montana race, CNN projects
▼ + stars: | 2024-11-06 | by ( Eric Bradner | ) edition.cnn.com time to read: +2 min

CNN —Republican Tim Sheehy will defeat three-term Montana Sen. Jon Tester, CNN projects, adding to Republicans’ newly won Senate majority. Montana has long been a deep-red state in presidential elections — and every other statewide office is currently held by a Republican. Still, his seat – alongside Democratic-held seats in two other red states, Ohio and West Virginia – was a prime Republican target this year. One big question mark hovering over the race was a ballot measure that would enshrine the right to an abortion in Montana’s constitution. Montana Republicans have pushed and enacted a series of abortion restrictions in recent years but have seen those largely struck down as unconstitutional by state courts.

Persons: Tim Sheehy, Montana Sen, Jon Tester, Republicans ’, West Virginia –, Bernie Moreno, Jim Justice, Tester, Trump, Sheehy, Republican Matt Rosendale, “, —, Joe Biden’s, Roe, Wade Organizations: CNN, Republicans, Republican, Capitol, Democratic, Navy SEAL, Democrats, Democratic National Convention, . Montana Republicans Locations: Montana, Ohio, West Virginia, Afghanistan, Montana’s

☆ Musk's bet on Trump is already paying off for Tesla
▼ + stars: | 2024-11-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Tesla stock surged 12% in premarket trading following Trump's election victory. Musk's big bet on Trump has boosted analysts' confidence in Tesla's future prospects. AdvertisementElon Musk's big bet on Donald Trump is already paying off for Tesla. AdvertisementIn his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a "new star." Trump win an 'overall negative' for EV industryDespite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.

Persons: Elon Musk, —, Elon, Donald Trump, Dan Ives, Musk, Gene Munster, Munster, Trump, Tesla's robotaxis Garrett Nelson, Ives, Nelson, Tesla, BYD Organizations: Trump, Service, Fox News, CNN, Electoral, Wedbush Securities, Tesla, Deepwater Asset Management, EV company's, Tesla's, CFRA Research, EV, Business Locations: Tesla, Butler , Pennsylvania, China

☆ Apple deftly navigated Trump's first term. The second one brings new challenges
▼ + stars: | 2024-11-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The news Trump's decisive victory over Vice President Kamala Harris in the 2024 presidential election comes with varying implications for Apple investors. Apple got exceptions in Trump's first term that muted the impact of tariffs on Apple. Bottom line Apple deftly navigated a first Trump term, but it's way too early to say with certainty what Trump's second term in office will mean for the California tech giant. As for tariffs, Apple has wisely expanded its manufacturing capabilities outside of China in markets like India, and it should continue to do so. In Trump's second term, "Apple is going to need what I call special pleading," Jim Cramer said during the Morning Meeting.

Persons: Donald Trump, Kamala Harris, Trump, Apple —, Apple, Bernstein, Tim Cook, Cook, I've, Hillary Clinton, Rosenblatt, it's, Jim Cramer, they're, Jim, Jim Cramer's, Saul Loeb Organizations: Apple, Big Tech, Bank of America, Justice Department, Management, Nvidia, Microsoft, Club, Trump, Democratic, Rosenblatt, Samsung, DOJ, CNBC, American Workforce Policy, White, AFP, Getty Locations: China, U.S, India, California, Washington , DC

For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump's tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Companies, retail trade groups and industry analysts have warned the move could fuel higher prices on a wide range of Americans' purchases such as sneakers and party supplies. "The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to a tax on American families," National Retail Federation CEO Matthew Shay said in a statement Wednesday. "Despite Trump's assertions to the contrary, tariffs are paid by the companies or entities importing goods and not by the countries themselves. Over time, supply chains would adjust to this change in tariff policy but it would be "incredibly disruptive" in the short term, said Saunders.

Persons: Donald, Trump, Matthew Shay, GlobalData, Neil Saunders, Saunders Organizations: NBC, China . Companies, Retail Federation Locations: China

Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.

Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, ”, ” Hughes, Justin Merriman, ” Trump, “, walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars

☆ Officials brace for a flood of disinformation and legal claims as Election Day finally arrives
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +9 min

As Election Day finally arrives, election officials, legal experts and researchers are bracing for a flood of disinformation and legal claims as vote counting begins. The final week of the campaign featured three dynamics that could lead to a protracted legal dispute if the results are close, legal experts said. Election experts say that if a clear winner emerges quickly and voting proceeds without major disruptions, large numbers of Americans may have faith in the results. A misleading advertisement from the Election Integrity Network says “The Glitch Is In” alongside a carousel of news coverage of such procedural Election Day issues. The Election Integrity Network’s founder, Cleta Mitchell, promotes her thousand-strong group as a kind of “national neighborhood watch.”Researchers also point to a new kind of infrastructure around documenting and sharing such rumors on Election Day.

Persons: Donald Trump, “ They’ve, ” Trump, Danielle Tomson, ”, ” Tomson, “, Jennifer Liewer, Chandan Khanna, Trump, noncitizens ’, Cleta Mitchell, Elon Musk, James O’Keefe, Mike Lindell, Ben Berwick, Berwick, ” Berwick, Olivier Touron, Kamala Harris, — Harris, — Organizations: University of Washington’s Center, Convention Center, Getty, Seattle, Center, Conservative, Trump, America PAC, Heritage Foundation, Protect Democracy, “, FBI, National Intelligence Director’s, Infrastructure Security Agency, Service, Naval, Convention, National Guard Locations: Allentown , Pennsylvania, Arizona, Liewer, Maricopa, Beach, West Palm Beach, Fla, Maricopa County, Ariz, Philadelphia, Phoenix, AFP, U.S, Russia, Beach County , Florida

☆ Teen who wowed China in Alibaba math contest got help from teacher, organizers say
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

A vocational school student in China who wowed the public in June by finishing near the top in the preliminary round of a math contest was helped by her teacher in violation of the rules, the organizers said this week. An investigation found that the math teacher’s assistance broke a rule of “no discussion with others,” the Alibaba Global Mathematics Competition Organizing Committee said Sunday. For this, we express our sincere apologies,” the organizing committee said. The teacher, Wang Runqiu, also entered the contest and finished 125th in the preliminary round. Damo Academy, the contest organizer, didn’t respond to an email, and a call to the vocational school was unanswered on Tuesday.

Persons: Jiang Ping, Jack Ma, Wang Runqiu, Jiang, Wang, didn’t Organizations: Cambridge, MIT, Caltech, Jiangsu Lianjiang Vocational, Damo Academy Locations: China, China’s Jiangsu, Jiangsu

☆ Palau, U.S. security ally in Pacific, holds presidential election as China looks on
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SYDNEY, Australia — The Pacific Island nation of Palau, important to the U.S. military amid tensions with China, and among a dozen allies of Taiwan, holds a national election for president on Tuesday. The U.S. military is constructing an over-the-horizon radar on Palau, scheduled to be completed in 2026. To counter the fall in Chinese tourist arrivals, Palau has opened direct flights to Japan and Australia, with support from those governments. Tax reform has emerged as an election issue, with Remengesau’s campaign arguing that big business is not paying enough, and pledging tax incentives for small businesses. During the election campaign, Remengesau said that Palau needs to “ensure that foreign influences do not overshadow our identity or compromise our independence.”His campaign did not respond to questions on which foreign influence he was referring to.

Persons: Surangel Whipps, Tommy Remengesau, Whipps, Surangel, Whipps ’, Remengesau, ” Organizations: Free Association, Washington, U.S, Palau Media Council, Island Times, Co, Patriot, Senate Locations: SYDNEY, Australia, Palau, China, Taiwan, U.S, Philippines, Guam, The U.S, Beijing, Japan

☆ Hollywood bets on Thanksgiving rebound: Will ‘Wicked,’ ‘Gladiator II’ and ‘Moana 2’ revive the sluggish Fall box office?
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

But multiplex owners are hoping that “Wicked” and “Gladiator II” achieve something close as the pink-and-green musical and the Colosseum-set action epic land in theaters on Nov. 22. “The industry is looking at ‘Wicked,’ ‘Gladiator II’ and ‘Moana 2’ as a Holy Trinity of moviegoing,” says Robbins. Overall domestic box office revenues are down more than 11% from 2023 and nearly 27% from 2019, according to Comscore. Newer attempts like Steven Spielberg’s “West Side Story” remake, Chu’s “In the Heights,” “Dear Evan Hansen,” “Cats” and “The Color Purple” all fizzled at the box office despite being based on popular productions. “Gladiator II,” too, must prove to audiences there’s a reason to return to the arena a quarter century after the first film became a Colosseum-sized blockbuster.

Persons: Wesley Snipes, ” There’s, Barbie ”, “ Oppenheimer, ’ ”, Shawn Robbins, “, King, ”, ’, Robbins, —, Chris Aronson, “ Ralph, Grindelwald, Thanksgivings, Marvel’s, Chris Randleman, Ryan Gosling, Emily Blunt’s, Guy ”, Cynthia Erivo, Ariana Grande, Glinda, Barbie, Jon M, Steven Spielberg’s “, Evan Hansen, Ridley Scott, Paul Mescal, Pedro Pascal, Denzel Washington, Indiana Jones, ” Aronson, we’ve, Dwayne Johnson’s Santa Organizations: Trinity, Paramount, Disney, Denzel, “ Locations: ‘, moviegoing, Turkey, Texas

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