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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: The Fed should get rid of forward guidance and just do their jobStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, latest market trends, and more.
Persons: Stanley Druckenmiller Organizations: Duquesne Family
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Duquesne Family Office chairman and CEO Stanley DruckenmillerStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, latest market trends, and more.
Persons: Stanley Druckenmiller Stanley Druckenmiller Organizations: Duquesne Family
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: AI might be a little over-hyped now, but under-hyped long termStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.
Persons: Stanley Druckenmiller, Druckenmiller Organizations: Duquesne Family, Nvidia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaPo's David Ignatius: Israel-Hamas ceasefire is the absolute centerpiece of Biden's foreign policyDavid Ignatius, Washington Post foreign affairs columnist and ‘Phantom Thriller: A Thriller” author, joins 'Squawk Box' to discuss the latest developments in the Israel-Hamas was, state of ceasefire negotiations, new wave of terror threats facing the U.S., and more.
Persons: WaPo's David Ignatius, David Ignatius Organizations: Washington Post, Hamas Locations: Israel
Bernie Sanders is running for reelection
  + stars: | 2024-05-06 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +2 min
Sen. Bernie Sanders is running for reelection in 2024. The 82-year-old is the last senator to announce his reelection plans this year. AdvertisementSen. Bernie Sanders of Vermont, the longest-serving independent in American history, will seek a 4th term in the US Senate later this year. He is the last US senator whose term ends in 2024 to announce whether or not he would seek reelection. Sanders is immensely popular in Vermont and is all but guaranteed to be reelected in November.
Persons: Sen, Bernie Sanders, , Bernie Sanders of, coy, Republican Sen, Chuck Grassley, Sanders, Hillary Clinton, Alexandria Ocasio, Cortez, Joe Biden, Long, Biden's, That's, Sanders —, he's Organizations: Service, Democratic, Republican, Democratic Party, Health, Education, Labor, Pensions Locations: Bernie Sanders of Vermont, Iowa, Vermont, Alexandria, Gaza, Israel
Jon Stewart says Joe Biden, 81, is just too old to be president. AdvertisementA second Trump term may be frightening, but President Joe Biden is just too old to be reelected, says comedian Jon Stewart. "I know liberals say, 'Don't say Joe Biden is old' — don't say what people see with their own eyes," Stewart said of the 81-year-old president. Advertisement"I'm not saying that Biden can't contribute to society, he just shouldn't be president," Stewart told his audience. Representatives for Stewart, Biden, and Trump didn't immediately respond to requests for comment from BI sent outside regular business hours.
Persons: Jon Stewart, Joe Biden, Stewart, Biden, , Trump, Donald Trump, that's, Biden's, hasn't, Trump's Organizations: Service, Trump, Netflix, Hollywood, Biden, Oval, MSNBC, BI, Politico
"Commander, say hello to Cricket for me," Noem wrote in her memoir. Noem said of Biden's family dog, Commander, in an appearance on CBS's "Face the Nation" on Sunday. Advertisement"I hated that dog," Noem wrote in her book, which is set to be published on Tuesday. In her book, Noem also referenced Commander, and suggested that the Bidens' dog meet the same fate Cricket did. "Commander, say hello to Cricket for me," Noem wrote in her memoir, per an excerpt obtained by CNN.
Persons: Joe Biden should've, Kristi Noem, Noem, , Joe Biden, Joe Biden's, Margaret Brennan, Brennan, Biden didn't, Donald Trump's, Trump, Ron DeSantis, Sen, Tim Scott of, Ohio's Sen, JD Vance Organizations: Service, GOP, CNN, White, WH, Biden, Noem, BI, Cricket, The New York Times, South Dakota Republican, Politico, Gov Locations: South Dakota, Florida, Tim Scott of South Carolina
Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.
Persons: , hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America
South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Republican South Dakota Gov. Kristi Noem implied that President Joe Biden's dog, Commander, should meet the same ill fate as her own 14-month-old dog Cricket, who she shot due to its aggressive behavior, as she revealed in her upcoming memoir. "Joe Biden's dog has attacked 24 Secret Service people. In the days since Noem's memoir anecdotes went public, the South Dakota governor has been doing damage control to save her VP bid.
Persons: Kristi Noem, Joe Biden's, Noem, Biden, vies, Donald Trump's, Newt Gingrich, Donald Trump Organizations: NRA, ILA, National Rifle Association, Republican South Dakota Gov, Cricket, CBS, Secret Service, South Locations: Houston , Texas, U.S, White, South Dakota
AI voice tech company ElevenLabs is grappling with deepfakes. AdvertisementCompanies at the forefront of AI voice technology are grappling with how to regulate deepfakes without stifling innovation. And last year 4chan users exploited the tool from ElevenLabs to generate deepfakes of celebrities spewing racist and transphobic content, according to Vice . AdvertisementNew York Mayor Eric Adams has been making robocalls in Mandarin, Yiddish, and Haitian Creole with ElevenLabs technology and said he's been able to reach more of the city's non-English speaking residents. ElevenLabs has signed an accord with several other AI companies, including OpenAI, Anthropic, Google, and Meta to combat deepfakes in the 2024 election.
Persons: , Mati Staniszewski, scammers, Bruce Reed, ElevenLabs, Eric Adams, he's, Staniszweski, Staniszewski Organizations: Service, Google, Business Locations: Haitian
Read previewWith six months until Election Day, the race between President Joe Biden and former President Donald Trump is already in high gear. In March, Biden and Trump clinched enough delegates to secure the Democratic and GOP presidential nominations, respectively, ahead of their party conventions. AP Photo/David YeazellIn 2020, Biden won the election by winning core Democratic states and every major swing state except for North Carolina, which he lost by one percentage point. AdvertisementA win in North Carolina could also give Biden breathing room as he faces challenges in other swing states. Many of these voters backed Biden in 2020 but say their support of the president is not guaranteed in November.
Persons: , Joe Biden, Donald Trump, Biden, Trump, Ron DeSantis, Nikki Haley, Robert F, Kennedy Jr, RealClearPolling, David Yeazell, He's, It's, Barack Obama, Haley, Roe, Wade, Gash, Kamala Harris, Harris Organizations: Service, Trump, Democratic, Florida Gov, Business, Trump —, Biden, Harvard, NPR, Marist, AP, The Washington Post, Arizona, Republicans, Arizona —, GOP, Israel, Columbia University, Ivy League, Michigan Locations: Manhattan, — Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Wilmington , North Carolina, North Carolina, Michigan , Nevada, Pennsylvania, Arizona, Gaza, Israel, New York
Joe Biden has tried to stake out a middle ground as protests spread across college campuses. Unlike other lawmakers of his generation, Biden largely stayed away from the Vietnam War protests that sparked upheaval on college campuses nationwide. Advertisement"I was in law school," Biden said of the Vietnam War protests, per The New York Times. Even among young voters, the trend remains the same. A Harvard Youth Poll of 18-to-29-year-olds nationwide found that the war was far less important to voters than inflation or healthcare.
Persons: Joe Biden, Biden, , — it's, Joe Biden hasn't, haven't, That's, @eyokley, Cf5Ot4q2t4, CSeqbdsWtK, Jason I, McMann, Donald Trump, It's, Israel, Barack Obama, Trump Organizations: Service, Israel, Biden, Democratic, NBC, New York Times, Muslim, CBS, Harvard Locations: Gaza, Israel, Vietnam, Michigan
Read previewOwning a home is a key element of the American dream, yet it's become an unattainable fantasy for many people, Janet Yellen said. At the same time, the 30-year fixed mortgage rate has surged from around 3% at the end of 2021 to around 7%. As a result, Yellen said that buying a first home is "almost prohibitively expensive." Prospective sellers are holding off on listing their properties because they're unwilling to give up the dirt-cheap mortgage rate they secured years ago. AdvertisementBiden has also proposed a one-year tax credit of up to $10,000 for middle-class families that sell their starter home to someone who'll live in it.
Persons: , Janet Yellen, Yellen, Biden Organizations: Service, Treasury, Business, Federal Reserve, White House, Tax, stoke
There are two weeks left for the public to comment on Biden's new student-debt relief plan. Once the public comment period ends, the administration will move toward final implementation. AdvertisementThe American people have just two weeks left to give President Joe Biden's administration input on its new student-loan forgiveness plan. Related storiesThe plan is now in the public comment period, and there are two weeks left for anyone who wishes to provide input on the administration's proposals. AdvertisementThe comments are available to be viewed publicly, and some of them were supportive of Biden's plan.
Persons: , Joe Biden's, Biden's, Andrew Bailey, Biden Organizations: Service, Education Department, Federal Register Locations: Missouri
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic analyst James Pethokoukis talks President Biden's economic balancing act ahead of electionHosted 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: James Pethokoukis, Brian Sullivan, Organizations: CNBC
"Everybody can say anything they want except for President Trump!" AdvertisementBiden "mocked President Trump," Blanche complained to the judge, quoting into the record a joke the president had made at the White House Correspondents' dinner on Saturday. Likewise, Trump's ex-personal attorney-turned-nemesis, Michael Cohen, can take whatever potshot he chooses, Blanche told the judge. pic.twitter.com/FVsWbRnNkB — Michael Cohen (@MichaelCohen212) April 22, 2024"Everybody can say anything they want except for President Trump," Blanche told the judge. Related storiesProsecutors are asking that Trump be fined another $4,000, the maximum allowed, for the four on-camera statements Trump made last week.
Persons: Donald Trump's, Trump, Michael Cohen's Donald, Von, , Donald Trump —, Todd Blanche, Joe Biden, Biden, Blanche, Donald, Stormy Daniels, Daniels, Juan Merchan, Trump's, Michael Cohen, Cohen, Von ShitzInPantz, FVsWbRnNkB — Michael Cohen, Merchan, He's, Christopher Conroy, Conroy, David Pecker, They're Organizations: Service, White, Correspondents, GOP, Trump, New, National Enquirer Locations: New York
President Joe Biden asked ChatGPT to explain a legal case, write a Supreme Court briefing, and a song. "Wow, I can't believe it could do that," he said after his first ChatGPT run, according to Wired. The experience also pushed Biden to sign an executive order on AI safety. AdvertisementAfter over three decades in the Senate, eight years as vice president, and three presidential campaigns, you'd think nothing would surprise President Joe Biden. This story is available exclusively to Business Insider subscribers.
Persons: Joe Biden, ChatGPT, Biden, , you'd, Arati Prabhakar Organizations: Wired, Service, White, Office of Science, Technology, Business
The Education Department announced $6.1 billion in student-debt relief or 317,000 borrowers. The relief applies to borrowers who attended any Art Institute campus from January 1, 2004, to October 16, 2017. Investigations found that the Art Institutes misled students about career prospects and salaries. The Art Institutes were a for-profit system that prompted investigations from the attorneys general of Iowa, Massachusetts, and Pennsylvania. More broadly, the Education Department is working to implement its broader student-loan forgiveness plan after the Supreme Court struck down its first attempt.
Persons: , Joe Biden's, Richard Cordray, Biden Organizations: Education Department, Art Institute, Investigations, Art, Service, Joe Biden's Education Department, Art Institutes, Aid, Corinthian College, Public Locations: Iowa , Massachusetts, Pennsylvania
Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.
Persons: , Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida
Banks help fund the vast majority of renewable energy projects through tax equity investments, which allow the banks to benefit from federal tax credits for renewable energy. Currently, renewable energy draws $18 billion to $20 billion annually through tax equity investments, according to the American Council on Renewable Energy. "Many people joke that we're on the 'solar-coaster,'" Torres said about the ups and downs of renewable energy. The higher capital requirements for renewable energy projects in Basel III puts the regulation on a collision course with the Biden administration's push for cleaner and greener energy sources. "The clean energy industry's experience with tax equity investments does not warrant such a radical change," the group's letter read.
Persons: Julian Torres, Torres, he's, Banks, Jerome Powell, Biden, Dominic Lacy, Sean Casten Organizations: D.C, Gallaudet University, Washington , D.C, Gallaudet, Federal Reserve, FDIC, American Council, Renewable Energy, Basel III, Tesla, American Bankers Association, Bank, Institute, Clean Energy State Alliance Locations: Washington ,, Basel
Kristi Noem keeps hurting her chances to become Donald Trump's running mate. Kristi Noem has campaigned so badly to be former President Donald Trump's vice president that even some of the most controversial Trumpworld figures are turned off. If Noem truly wants to be vice president, this has been one of the worst efforts to obtain the job. AdvertisementIt's a difficult balance trying to become vice president. At worst, a potential vice president could lose all the leverage to shape the role in a way that would benefit him or her the most.
Persons: Kristi Noem, Donald Trump's, Noem, , I've, Steve Bannon, Donald Trump Jr, Bannon, Trump, Tim Walz, Nicole Malliotakis, Joe Biden, Barack Obama, Harry Truman, FDR, Sen, JD Vance, Trump . Sen, Marco Rubio, Doug Burgum, Tim Scott of, George Costanza, Saul Goodman, Saul, Biden, Los Angeles Mayor Eric Garcetti, Karen Bass, Susan Rice, Gretchen Whitmer, Elizabeth Warren Organizations: South Dakota Gov, Service, White, Trump Jr, Cricket, The Guardian, Minnesota Gov, GOP, New, New York Republican, Politico, Gov, Ohio Republican, Trump ., Trump, Trump . North Dakota Gov, Wall Street, Los Angeles Mayor, New York Times, Michigan Gov Locations: New York, Texas, Ohio, Trump ., Tim Scott of South Carolina, Los Angeles, Biden's White
But there's a not-insignificant chance that not only does Trump lose again, but that Democrats find themselves once again in control of the White House, the Senate, and the House of Representatives at the beginning of 2025. Democrats are broadly seen as favored to retake the House, with nearly 20 House Republican incumbents fighting to hold on in districts won by Biden in 2020. Jon Tester of Montana and Sherrod Brown of Ohio will have to win in order for Democrats to maintain the Senate majority. Biden supports it, and House Democrats have already voted for it twice, once in 2021 and again in 2022. AdvertisementManchin and Sinema, two key obstacles to Biden's party-line agenda, won't be in the Senate next year.
Persons: Biden's, , Donald Trump, It's, Sens, Kyrsten Sinema, Joe Manchin, Joe Biden's, Biden, Trump, Kamala Harris, Jon Tester, Sherrod Brown, Chip Somodevilla, Roe, Wade, Sinema, Manchin, Jabin, Progressive Caucus's, that's Organizations: Service, Trump, White, Senate, Democratic, Biden, Republican, Montana, Getty, House Democrats, Washington, Democrats, Progressive Locations: California, New York, Arizona, Ohio, Montana, Arizona , Pennsylvania, Wisconsin, Michigan, Washington
Biden's new policy is largely a rewrite of the Obama administration's rule to safeguard U.S. critical infrastructure called the Presidential Policy Directive, or PPD-21, which was published in 2013. The effort to redraft that Obama-era infrastructure policy began over a year ago, in part to modernize it and keep up with hackers who have benefited from over a decade of technological advancement. The Biden administration has warned China not to help Russia in its invasion of Ukraine, or else the U.S. would be ready to act with sanctions. "We're aware now of the serious Chinese threat to our critical infrastructure, specifically prepositioning to disrupt or destroy critical infrastructure in the event of a major crisis," a senior administration official said. "The presidential policy directive that was created in 2013 didn't mention anything about CISA's role because we weren't created yet," a senior administration official said.
Persons: Joe Biden, Obama, cyberattacks, Christopher Wray, congressmembers, Wray, Biden's, Biden Organizations: White, Washington , D.C, Directive, FBI, Taiwan, of Homeland Security, Infrastructure Security Agency Locations: Washington ,, China, Russia, Ukraine, U.S, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress may cancel Biden's new airline refund rules: Here's what's at stakeBrian Kelly, The Points Guy founder, joins 'Squawk Box' to discuss reports that four lawmakers on Congress overseeing aviation policy may overturn President Biden's new rules that would require airlines to issue automatic cash refunds on cancelled or delayed flights in certain cases, what's at stake for consumers and airlines, and more.
Persons: Brian Kelly, Guy, Biden's
Read previewThe unrest at Columbia University isn't showing signs of slowing down. In the 1980s, student protesters at Columbia took over the same building and called for divestment of the Ivy League school's investments over a different cause: South African apartheid. Student protesters at the 1985 demonstrations at Columbia University. Protesters there locked and chained the doors to Hamilton Hall — the same building now occupied by pro-Palestinian protesters — and demanded the school completely divest from South Africa. A more fraught situationOn its website, the Columbia University Apartheid Divest group likened itself to the protests from nearly 40 years ago.
Persons: , It's, Lockheed Martin, Alex Kent, Joe Biden, Mike Johnson, she's, Barbara Alper, didn't, Ronald Reagan, Biden, Benjamin Netanyahu, Netanyahu, Nemat, Shafik, Nicholas Dirks, Divesting, Christopher Marsicano, Al, Marsicano Organizations: Service, Columbia University, Columbia, Ivy League, Business, Lockheed, Boeing, NPR, Hamilton Hall, Getty, Columbia University Apartheid, White, Student, New York Times, Times, Coalition, Columbia Spectator, Spectator, The New York Times, Hamas, University, Socially, University of California, CNN, North Carolina's Davidson College Locations: Israel, Gaza, Columbia, divesting, Hamilton, South Africa, Vietnam, Rafah, Berkeley, Al Jazeera
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