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☆ What undecided voters thought of the debate: From the Politics Desk
▼ + stars: | 2024-09-11 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, we break down how panels of undecided voters in Arizona and Pennsylvania responded to the debate. A handful of Arizona voters previously turned off by both Vice President Kamala Harris and former President Donald expressed interest in the Democratic nominee in an NBC News panel after the debate. Read more →Harris avoids some big questions, but Trump’s lack of control costs himBy Chuck ToddIn many ways, Tuesday’s debate was quite familiar. Just like our politics for the last nine years, the entire debate revolved around one person: Donald Trump. Read more →That’s all from the Politics Desk for now.

Persons: Chuck Todd, Donald Trump, Harris, Emma Barnett, Alex Tabet, Kate Snow, Jacob Soboroff, Kamala Harris, Donald, Lynne Kelleher, Kamala, ”, “, I’m, ” Hannah Reed, Trump, Joe Biden, Reed, Denise Lewis, she’s, isn’t, here’s Trump, who’s, Lewis, Read, → Harris, Don’t, Joe Biden’s, Biden, Chuck →, ove Organizations: NBC, White House, Capitol, Democratic, Trump, Libertarian, Biden Locations: Arizona, Pennsylvania, Philadelphia, Bucks, Scottsdale, Harris

Trump’s campaign said before the debate that he had already accepted debate invitations from Fox News and NBC News, and that Harris had not. Speaking to reporters on Wednesday, Trump said he would participate in debates with NBC News or Fox News. Fresh off the perceived win, pushing Harris into several debates seemed like a strategic goal for Trump, and Harris rebuffed a request for one on Fox News in early September. Harris has not accepted a second debate with Trump, but her campaign appeared more open on Wednesday. “But the most important indication here is that Harris failed to explain why she hasn’t already done the things she claims she cares about.

Persons: WASHINGTON, Donald Trump, Kamala Harris, Trump, Harris, Trump’s, Joe Biden, —, Chris Christie, Trump's, Brian Fallon, “, Fox, ” Trump, Brian Hughes, Hughes, ” Hughes, ” Eric Levine, ”, Levine Organizations: Democratic, Fox News, NBC News, Truth, Wednesday, Trump, New, New Jersey Gov, ABC News, ABC, NBC, Republican Locations: New Jersey, New York

☆ Caroline Ellison seeks to duck prison sentence for role in FTX collapse
▼ + stars: | 2024-09-11 | by ( Mackenzie Sigalos | Mackenzie Sigalos Is A Technology Reporter For Cnbc With A Focus On Cryptocurrency | ) www.nbcnews.com time to read: +4 min

Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend. Judge Lewis Kaplan, who presided over Bankman-Fried’s case, cited Ellison’s testimony when he decided in March to sentence the FTX founder to 25 years behind bars. Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried forced Ellison into a sort-of isolation, culminating in her moral compass being “warped,” the lawyers say. Her former roommates and ex-FTX executives, Nishad Singh and Gary Wang, will be sentenced in October and November, respectively.

Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis Kaplan, FTX spiraled, “ Caroline, John Ray, “, Fried, disentangling, ”, ” She’s, that’s, ” Ellison, Nishad Singh, Gary Wang, — CNBC’s Dan Mangan Organizations: U.S, Alameda Research, court’s, Department, ”, Bankman Locations: FTX’s Bahamas, Alameda, Boston, Hong Kong, Bahamas, Bankman

Through Sept. 27, non-members can get a year-long Sam’s Club membership for just $15, that’s 70% off the typical $50 membership price (terms apply). There are two levels of Sam’s Club memberships: the classic Sam’s Club membership and a Sam’s Club Plus membership. Extra cash back: All Club members earn 1% Sam’s Cash when they use a Sam’s Club Mastercard, but Plus members get 3%. All Club members earn 1% Sam’s Cash when they use a Sam’s Club Mastercard, but Plus members get 3%. Up to $50 Sam’s Cash: Members get $10 Sam’s Cash for each friend that joins using the member’s referral link (limit of 5).

Persons: You’ll, Mark, aren’t, you’ll, it’s, Cash, Member’s Mark, maestros, They’re, wicks, Lauren Levy, TikTok Organizations: Sam’s, The, NBC, Club, Savings, Health, Mastercard, Cash, CNN, Yahoo Entertainment, MSN, USA, Facebook, Twitter

The first ballots of the 2024 general election are heading to voters, as Alabama officials started mailing them out Wednesday. Alabama requires that voters have a reason to vote by mail, such as being absent from the county or working during Election Day. In 2022, just over 45,000 voters cast absentee ballots, accounting for roughly 3% of all the state's ballots. Officials in Alaska, Idaho, Kentucky, Pennsylvania, Wisconsin, Arkansas, Minnesota, South Dakota, Virginia, West Virginia, Wyoming, Colorado, Louisiana, Maryland, New Jersey, Oklahoma, Rhode Island, Texas, Mississippi, Oregon, and Vermont will begin sending mail ballots later this month. And Virginia voters will be the first to cast in-person ballots in significant numbers, with early in-person voting kicking off on Sept. 20.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Kamala Harris, Jill Stein, Chase Oliver Organizations: Voters, ., North Carolina, Republican, Trump Locations: Alabama, . North Carolina, North Carolina, Alaska , Idaho , Kentucky, Pennsylvania, Wisconsin , Arkansas, Minnesota, South Dakota, Virginia, West Virginia , Wyoming , Colorado , Louisiana , Maryland , New Jersey , Oklahoma, Rhode Island , Texas , Mississippi , Oregon, Vermont

Washington D.C. police released body-worn camera footage from officers who fatally shot a community activist shortly after he crashed into a McDonald's. Body cam footage released by Washington D.C. Metropolitan Police of a fatal officer-involved shooting. Washington D.C. Metropolitan Police Dept. "Hands up, hands up, hands up, hands up, hands up! "“Hands up, hands up, hands up, hands up!"

Persons: Justin Robinson, Marion Barry, Robinson, Pamela Smith, Smith, ”, Brandon Burrell, shouldn't, Burrell Organizations: Washington D.C, Metropolitan Police, NBC Washington D.C Locations: Washington

☆ California wildfires: Bridge Fire explodes in size, man arrested in connection with Line Fire
▼ + stars: | 2024-09-11 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

The blaze expanded from Los Angeles County into San Bernardino County, and as of Tuesday evening was 0% contained. “Tragically, homes have been lost,” San Bernardino County’s government said on Facebook late Tuesday, as the county proclaimed an emergency due to the blaze. Video by the San Bernardino County Fire Department showed firefighters and deputies performing rescue evacuations in Wrightwood on Tuesday evening as flames consumed brush and trees. Justin Wayne Halstenberg, 34, from Norco, allegedly started the fire in the area of Baseline Road and Alpin Street in the city of Highland on Sept. 5, the San Bernardino County Sheriff's Office said. The Line fire burns through in San Bernardino National Forest, Calif., on Sept. 10, 2024.

Persons: San Bernardino County’s, Justin Wayne Halstenberg, Gavin Newsom, Gina Ferazzi, Paul Holaday, we’re, Brian Fennessey, David Swanson, Newsom's, Davis Organizations: Angeles National Forest, California Department of Forestry, Fire, Facebook, San, San Bernardino County Fire Department, Mount, National Weather Service, San Bernardino National Forest, San Bernardino County Sheriff's, Central Detention, Home, National Guard, Los Angeles Times, Getty Images, Orange County Fire Authority, Trabuco Flyers, RC, Getty, U.S . Forest Service of Humboldt, Sierra Locations: Southern California, Los Angeles County, San Bernardino County, San Bernardino, Wrightwood, San Antonio, East Fork, California, Los Angeles, Norco, Highland, Big, Running, Lake, Forrest Falls, San, Calif, Orange County, Orange, El Cariso, Lake Elsinore, AFP, Nevada, U.S, Davis, Reno

☆ Trump Media shares plunge after GOP nominee's debate with Harris
▼ + stars: | 2024-09-11 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +2 min

The share price of Trump Media plunged more than 17% on Wednesday morning, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris. Investing in Trump Media stock is often seen as a way to bet on the political fortunes of Trump, the former president and current Republican nominee. Trump Media has said its business hinges at least partly on Trump’s popularity, and analysts say the company’s value will rise or fall based on his electoral prospects. Harris’ team, projecting confidence, challenged Trump to another debate right after the first one ended. Trump Media had surged as much as 10% during trading Tuesday, possibly indicating optimism about how Trump would fare in the debate.

Persons: Donald Trump, Kamala Harris, Harris, Harris ’, Trump, Joe Biden Organizations: Trump Media, Nasdaq, Trump, Republican, Liberal, Democratic, Wednesday Locations: Philadelphia

☆ Bonded by loss: Women who lost dads in 9/11 and Oct. 7 terror attacks form sisterhood
▼ + stars: | 2024-09-11 | by ( Adam Kuperstein | Adam Kuperstein Is An Emmy Award-Winning Journalist Who Anchors Nbc New York S Pm | Pm Weekend Newscasts. | ) www.nbcnews.com time to read: +3 min

Kristin Marino and Maya Peretz are two young women, bonded by a profound loss. At least once a year, she goes to the World Trade Center reflecting pools to pay tribute to her father. Peretz told Marino in the documentary that she “was sure he was coming back home,” referring to her father. But Marino didn’t expect there to be such an instant bond between them. “Honestly I didn’t really know.

Persons: Kristin Marino, Maya Peretz, Marino, — Kenneth Joseph Marino, —, “, ”, influencer, Peretz, wasn’t, they’ve, ” Marino, ” Peretz, Dan Luxemberg, Kristin, it’s Organizations: FDNY, Rescue Company, World Trade, NBC New, Nova Locations: NBC New York, Israel, ” Luxembourg

☆ Most students in a Georgia district return to class nearly a week after a school shooting
▼ + stars: | 2024-09-11 | 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: +6 min

WINDER, Ga. — Many students in Georgia’s Barrow County headed back to class Tuesday, six days after a shooting killed two teachers and two students at the school district’s Apalachee High School northeast of Atlanta. No return date has been set for the 1,900 students at that high school, but the 13,000 students in Barrow County’s other schools did return, including at the middle school and elementary school that border the Apalachee campus in Winder. When her 8-year-old daughter said over the weekend that she was scared to go back to school, Shonderi Williams broke down in her bathroom. She has two daughters Yargo Elementary School and one daughter at Haymon-Morris Middle School, the schools next door. “We know the days ahead are going to be difficult, and that we have some staff and some students who are not ready to return to school,” LeDuff said.

Persons: Shonderi Williams, ” “, ” Williams, “, ” Jaime Love, ”, “ I’m, Love, Cristina Irimie, Mason Schermerhorn, Richard Aspinwall, Christian Angulo, Charlotte Kramon, ” Love, Dallas LeDuff, ” LeDuff, ” Ashley Sanders, they’re, ” Sanders, Irimie, Colt Gray, Brad Smith, Colin Gray, Doug Griffith, Natalie Griffith, “ She’s, ” Doug Griffith, Griffith, Robert Runcie, Runcie, Marjory Stoneman, you’re, Amila Dawson, ” Dawson, Morris Organizations: Apalachee High, Yargo Elementary, Morris Middle School, Associated Press, Apalachee High School, Aspinwall, Church, Authorities, Broward County Public Schools, Marjory Stoneman Douglas High School, AP Locations: WINDER, Ga, Georgia’s Barrow County, Atlanta, Barrow County’s, Apalachee, Winder, Haymon, Winder , Ga, Yargo, “, Romanian, GoFundMe, Broward, Florida, Barrow County, Parkland , Florida

Harris is expected to attend a service at the Memorial plaza at ground zero in New York City, as is Trump, according to a source familiar with his plans. Harris and Biden — and Trump — will then travel to Shanksville, Pennsylvania, home of the Flight 93 memorial. Tim Walz, is expected to commemorate the 9/11 anniversary in his home state. In 2016, Trump and former Secretary of State Hillary Clinton attended a 15th anniversary service, but Clinton departed abruptly and appeared unsteady as she left. Trump, a New York native, did not attend the memorial in 2021, making stops instead at a police station and a firehouse.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karine Jean, Pierre said Biden, Biden —, Trump, Biden, Tim Walz, Hillary Clinton, Clinton, ” Harris, “ Organizations: Pentagon, Minnesota Gov, Democratic, Air Force Locations: New York City, Shanksville , Pennsylvania, Shanksville, York, Asia, Alaska, New York

☆ Internet suspended in parts of India’s Manipur as students clash with police
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

GUWAHATI, India — Internet and mobile data services were suspended for five days and an indefinite curfew imposed in parts of India’s northeastern state of Manipur on Tuesday after student protests over continuing ethnic strife turned violent. Police say they suspect that the drones were used by Kuki militants, a claim denied by Kuki groups. Protesters threw stones and plastic bottles in front of the main gate of the state governor’s residence, police said in a statement. As protests spilled over into Tuesday, the local government imposed a curfew in the Imphal Valley and surrounding districts and suspended internet services in five valley districts. Authorities shut down the internet in Manipur last year, in one of India’s longest enforced outages.

Persons: “, ”, Narendra Modi’s, Modi Organizations: Police, Kuki, Protesters, Government, Authorities, Indian, Narendra Modi’s Bharatiya Janata Party, BJP Locations: GUWAHATI, India, Manipur, Kuki, Imphal, Myanmar, Thoubal

Former President Donald Trump repeated again and again debunked rumors related to Venezuelan gangs in a Colorado town during Tuesday night’s presidential debate. But the property management company that owns the buildings blamed a Venezuelan gang for the rundown conditions. Aurora police haven’t yet determined whether the men in the video belong to a Venezuelan gang, KUSA reported. Protesters at a City Council meeting Monday object to what they say is the politicizing and exaggeration of an alleged Venezuelan gang problem in Aurora. “Voters can avoid having their votes co-opted by falsehoods by being aware of this trend and taking a few simple steps to confirm whether the claims they’re seeing are true.”

Persons: Donald Trump, Trump, —, “, ” Trump, frankensteining, Roberta Braga, Tren, ” Braga, what’s, ” Carlos Ordosgoitti, “ I’m, Juan Carlos Jimenez, David Zalubowski, KUSA, Mike Coffman, Mike Johnston, Coffman, Greg Abbott, ” Christina Veiga Organizations: Trump, News Literacy, Digital Democracy Institute of, NBC News, Residents, NBC, Denver Gazette, Aurora, Denver, ”, Hells Angels, Angels ’, Meta, University of Washington’s Center, KUSA, Republican, Texas Gov, Protesters, Aurora . Tri Duong / Sentinel Colorado, “ Locations: Colorado, Venezuelan, Aurora , Colorado, Aurora, Philadelphia, Americas, Aragua, U.S, Venezuela, Denver, Spanish, Colo, Brazil, “, Angels ’ Colorado, Tren, Chicago, Aurora . Tri

Here's what Harris and Trump got right and wrong on the debate stage in Philadelphia. Fact check: Trump calls Harris’ dad a Marxist“Her father’s a Marxist professor in economics, and he taught her well," Trump said. Fact check: Trump claims Harris ‘wants to confiscate your guns’“She wants to confiscate your guns,” Trump claimed. We’re not taking anybody’s guns away.”Fact check: Harris says Trump oversaw manufacturing job losses“Donald Trump said he was going to create manufacturing jobs. Fact check: Trump says he has ‘nothing to do with Project 2025’“I have nothing to do with Project 2025.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Harris ’, That’s, Donald Harris ’, Karl Marx’s, Harris ‘, ” Trump, Tim Walz, We’re, that’s, Muir, I’ll, ” Harris, Biden, Putin, ” Trump hasn’t, ”, hasn’t, they’ve, Obamacare, “, William Barr, They’ve, It’s, Harris “, We’ll, we’ll, “ Donald Trump, Let’s, he’s, Xi —, —, you’re, don’t, “ It’s, they’re, isn’t, I’m, Karoline Leavitt, Sen, Marco Rubio, Frank McKenzie, Mark Milley, Ashraf Ghani, West Virginia —, Walz, Ralph Northam, Northam, Vance, hedged, John Kirby, we’ve, it’s Organizations: Trump, NBC News, Stanford University, Afghan, Pentagon, Washington Post, Post, United States, ISIS, Republicans, United, FBI, U.S, D.C, U.S . Energy Information Association, Ohio, Capitol, Taliban, National Security, Al, Republican, U.S . Central Command, Joint Chiefs, CNN, American Civil Liberties Union, Centers for Disease Control, Virginia Gov, NBC, White, Heritage Foundation, U.S . Customs, Protection, CBP, Office, American Progress Locations: U.S, Philadelphia, Afghanistan, Russia, Ukraine, Kyiv, Crimea, Moscow, Iraq, Syria, Iraq’s Anbar, Somalia, Africa, Red, United States, Georgia, Wisconsin, Georgia , Wisconsin, Pennsylvania, New York City, Aragua, Venezuelan, Washington, California , Maryland, Vermont, Andalia , Ohio, China, Mexico, Al Qaeda, Florida, Saigon, Doha, Kabul, airport’s, West Virginia, Virginia, Ohio, Springfield , Ohio

Trump went on to repeat false claims that there was "so much proof" that he won the election. And he dodged when asked about whether he had any regrets about his actions on Jan. 6. Other Jan. 6 defendants continue to maintain their belief in Trump's election lies. Trump's inability to acknowledge the reality of his 2020 election loss, Harris said, raises questions about Trump's "temperament" and his "ability to not be confused about fact," calling it "deeply troubling." Trump, who has called Jan. 6 defendants "hostages" and "unbelievable patriots" and has said he'll pardon "a large portion" of Jan. 6 defendants, said Tuesday that Capitol riot defendants had been "treated so badly."

Persons: Donald Trump, David Muir, Trump, Jack Smith, didn't, Daniel Rodriguez, Michael Fanone, Rodriguez, Kamala Harris, Harris, “ Trump, Jeffrey Smith, Smith, “ We’re, Enrique Tarrio, —, Donald Trump’s Organizations: ABC News, Trump, Metropolitan Police, FBI, United, pitchfork, Capitol, U.S . Capitol, Boys Locations: Washington, United States

☆ Financials have been on fire lately. These stocks are expected to fly higher from here
▼ + stars: | 2024-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It's also jumped 7% during the third quarter, outperforming the S & P 500's 0.3% increase. The S & P 500 and the Nasdaq Composite are both down more than 2% in September. KKR YTD mountain KKR stock.

Persons: It's, Wells Fargo, Nicholas Watts, there's, Matt O'Connor Organizations: Nasdaq, CNBC, Stock, KKR, Atlantic, Global, LSEG, Deutsche Bank, Bank of America, Deutsche, Berkshire Hathaway Locations: U.S, financials, Wells Fargo, Berkshire

☆ CEO of property firm Damac expresses concerns over 'expensive' Dubai
▼ + stars: | 2024-09-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. For Hussain Sajwani, chairman of Dubai property giant Damac, that spells both good and bad news. "What concerns me a little bit in Dubai is that [it's] becoming an expensive city, and I've said this in the past, that Dubai [is] going to be [an] expensive city. The latest Dubai property market numbers tell a story of burgeoning demand. In July of 2024, property sales reached 49.6 billion dirhams ($13.5 billion), a 31.63% increase from the same period in 2023, according to locally-based brokerage firm Elite Merit Real Estate.

Persons: Hussain Sajwani, I've, Sajwani, CNBC's Dan Murphy Organizations: United Arab Emirates, United, Real Locations: DUBAI, United Arab, United Arab Emirates, Dubai, Riyadh

☆ California attorney general warns tech platforms to look out for voter deception ahead of election
▼ + stars: | 2024-09-11 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion," ahead of the November election. The letter reviewed sections of California law that prohibit interference with voting rights by misleading people about voting place and time and by using intimidation tactics. The letter follows pop icon Taylor Swift's endorsement of Kamala Harris for president on Tuesday night following the debate. Separately, X owner Elon Musk recently shared an AI-generated image portraying Harris dressed as a communist dictator. In August, an updated version of xAI's product, Grok-2, appeared to carry few limitations on creating fake images of political figures.

Persons: Rob Bonta, Bonta, Taylor, Kamala Harris, Swift, Donald Trump, Trump, Elon Musk, Harris, Kamala, Musk, OpenAI's Dall, Musk's Organizations: Microsoft, YouTube Locations: California

☆ Steve Eisman of 'Big Short' fame not worried about banks or economy
▼ + stars: | 2024-09-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Steve Eisman of "The Big Short" fame said he's unfazed by the weakness in bank stocks as well as any uncertainty around the Federal Reserve's next easing cycle. To Eisman, there's nothing to worry about. Eisman shot to fame by shorting collateralized debt obligations to profit from the demise of subprime mortgage loans before the 2008 financial crisis. Wednesday's data showed the consumer price index , a broad measure of goods and services costs across the U.S. economy, increased 0.2% in August , in line with the Dow Jones consensus. The economy Concerns about lower-income consumers have also increased recently, but Eisman said they are not indicative of a systemic issue endangering the wider economy.

Persons: Steve Eisman, he's, Neuberger Berman, shorting, Michael Lewis's, Eisman, Dow Jones Organizations: Federal, JPMorgan, Ally Financial, Dollar Locations: U.S

☆ These are the top tech picks of UBS for rest of year, including an Nvidia alternative
▼ + stars: | 2024-09-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Some tech stocks are due for outperformance heading into year's end, according to UBS. Nvidia dragged other chip stocks down with it, with the VanEck Semiconductor ETF (SMH) suffering its worst day since March 2020. Wall Street is also bullish on the chipmaker, with 41 of the 50 analysts covering the name issuing a strong buy or buy rating, according to LSEG. In the IT hardware and electronics manufacturing services sector, UBS named Dell Technologies , given a PC refresh cycle and developing strength in AI optimized servers. UBS has a buy rating on the stock, and its target implies more than 48% upside from Tuesday's close.

Persons: chipmaker, Timothy Arcuri, Palantir, monetization Organizations: UBS, Nvidia, VanEck Semiconductor, Devices, AMD, Dell Technologies, DELL, P Global, Dell, Spotify

☆ From the far right to fiscal challenges, France could lurch from one crisis to another
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

France's challenges are far from over, however, with the country facing acute fiscal challenges and an ongoing threat posed by the far-right National Rally opposition, led by Jordan Bardella and Marine Le Pen. France this week asked the Commission to extend its deadline of Sept. 20 to submit debt reduction proposals. Analysts say Barnier's political survival therefore "depends on the whims and personal-political calculations of Le Pen." "The great unknown ... is how far Le Pen will be willing to address the most immediate crisis facing Barnier and the country: the painful choices needed to prevent France from plunging into a destructive fiscal crisis by the end of this year," he said. Marine Le Pen and Jordan Bardella at the final rally before the June 9 European Parliament election, held at Le Dôme de Paris - Palais des Sports, on June 2, 2024.

Persons: La France Insoumise, Remon Haazen, Emmanuel Macron's, Michel Barnier, Jordan Bardella, Pen, Barnier's, Gabriel Attal, Sarah Meyssonnier, Reuters Barnier's, Macron —, Le, Mujtaba Rahman, France's, Eurasia Group's Rahman, Le Pen's Organizations: Republique, La, Getty, Getty Images, Veteran, National Assembly, European, France's, Reuters, New, National, Eurasia Group, Le, Palais des Sports, Nurphoto Locations: La France, Paris, France, Europe, Eurasia

☆ European Central Bank set to cut interest rates just days before the Fed's big decision
▼ + stars: | 2024-09-11 | by ( Annette Weisbach | ) www.cnbc.com time to read: +3 min

Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Traders are widely anticipating an interest rate cut at the Federal Reserve's Sept. 17-18 meeting, as well as at the ECB's meeting this week. "The rate cut this Thursday should be largely uncontroversial," Holger Schmieding, the chief economist at Berenberg Bank, told CNBC in an email to clients. In July, the ECB left interest rates unchanged in a unanimous vote following June's landmark cut. The ECB's key interest rate — which helps to price all sorts of loans and mortgages across the bloc — is currently at 3.75% after years of aggressive hikes.

Persons: Christine Lagarde, Holger Schmieding, Joachim Nagel, Anatoli Annenkov, what's Organizations: European Central Bank, ECB, Bloomberg, Getty, FRANKFURT, U.S . Federal Reserve, Federal, Berenberg Bank, CNBC, ECB Council, —, Bank Locations: Frankfurt, Germany, Société, Ljubljana, Slovenia

☆ Stock futures inch lower as investors brace for more inflation and labor data: Live updates
▼ + stars: | 2024-09-11 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. U.S. stock futures inched lower Wednesday night as investors brace for more inflation and labor data, following a volatile session spurred by the release of the August consumer price index. S&P 500 futures and Nasdaq 100 futures dipped 0.07% and 0.13%, respectively. Stocks dropped earlier in the day when August's consumer price index showed an uptick in core inflation, which excludes volatile food and energy prices. Wall Street is anticipating the release of the August producer price index on Thursday.

Persons: Stocks, Lauren Goodwin, CNBC's, — that's, Goodwin, Dow Jones, Kroger Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Investors, Dow, Fed, New York Life Investments, Adobe Locations: New York City . U.S

☆ Ron Insana: Even as inflation cools, markets show that risks to the soft landing are rising
▼ + stars: | 2024-09-11 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

What people say about growth and inflation doesn't matter much anymore – even as the latest consumer inflation report shows a cooling trend. That means a notable drop in both wholesale and consumer prices is coming down the road. Now, it appears that the U.S. is slipping behind the rest of the world, turning its policy actions toward growth risks rather than inflation risks. It's also important to remind Fed policymakers that there is ample evidence of slower consumer spending among middle-to-lower income families. Further, recent revisions to job growth in the 12-month period through March 2024 confirm that a soft landing is at risk.

Persons: Stocks, that's, We're, It's, Ron Insana Organizations: Treasury, U.S ., CNBC Locations: China, U.S

☆ European stocks set for mixed open as markets await U.S. inflation data
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024. LONDON — European stocks are expected to open in mixed territory on Wednesday as global markets focus on the latest U.S. inflation data set to be released later in the day. The U.K.'s FTSE index is seen opening 4 points higher at 8,208, Germany's DAX up 25 points at 18,304, France's CAC 40 flat at 7,404 and Italy's FTSE MIB up 66 points at 33,259, according to data from IG. Traders have their eyes on two key economic reports out of the U.S. this week, with the consumer price index report for August due Wednesday, followed by the producer price index on Thursday. The data comes before a widely anticipated interest rate cut at the Federal Reserve's Sept. 17-18 meeting that could help assuage concerns over a weakening U.S. economy.

Persons: Germany's DAX Organizations: Walmart, LONDON, CAC, IG, Traders, Federal Locations: Secaucus , New Jersey, U.S

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