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☆ China's debt relief package is a 'crucial first step' in economic recovery: CIO
▼ + stars: | 2024-11-12 | 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's debt relief package is a 'crucial first step' in economic recovery: CIOJordan Cvetanovski of Pella Funds shares his take on China's $1.4 trillion debt relief package and says that he expects 'bigger things to come' from the Chinese government in terms of fiscal stimulus in 2025.

Persons: Jordan Cvetanovski Organizations: Pella Funds Locations: Pella

☆ Indonesia’s new leader posted video of his congratulatory call with Trump. Both lavished each other with praise
▼ + stars: | 2024-11-12 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Indonesia’s new President Prabowo Subianto posted a video of his phone call congratulating Donald Trump on his reelection, during which the former special forces commander referenced his American “training” and called the US-president elect “sir” multiple times. Prabowo, who is in Washington for an official visit, posted the almost three-minute phone conversation on his official social media channels Monday and said he would like to “call personally” on Trump. “Wherever you are I’m willing to fly to congratulate you personally, sir,” Prabowo said in the video. It’s not easy,” Trump told Prabowo. “The most important objective of democracy is giving people the leaders and representatives they want,” Prabowo told reporters from his swimming pool.

Persons: CNN —, Prabowo Subianto, Donald Trump, “, Prabowo, ” Prabowo, Trump, Joe Biden, scrutinizing, ”, ” Trump, Xi Jinping, Keir Starmer, Joko, Suharto Organizations: CNN, Trump, White, he’s, Soviet, Reuters, Pacific Cooperation, British, News Agency Locations: Washington, Indonesia, United States, Indonesian, Washington , DC, Asia, Beijing, China, Peru, Brazil, Jakarta, Prabowo, London

☆ Want to cash in on China's stimulus? Here's what the pros expect next
▼ + stars: | 2024-11-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are back in the spotlight after a slew of government stimulus measures over recent weeks. "I think the right way of looking at what China's up to, really, is to see it as a process," he told CNBC's "Street Signs Asia" on Monday. His comments come as China's Ministry of Finance signaled Friday that more fiscal support could come next year . Stocks to watch As investors ponder how to navigate the Chinese market, Bernstein said there are attractive opportunities in "growth and high volume stocks [aligned] with policy led rebound." Both Tencent and Meituan trade on the Hong Kong Exchange and in the U.S. as American Depository Receipts (ADR) under the ticker TCEHY and MPNGY .

Persons: Jordan, CNBC's, we've, Paul Cavey, Donald Trump, Carey, Stocks, Bernstein, — CNBC's Evelyn Cheng, Michael Bloom Organizations: Pella Funds, Ministry, Finance, Asia Econ, Healthcare, China Internet, Hong, Hong Kong Exchange Locations: Pella, Asia, Real Estate, downgrades, China, Hong Kong, Tencent, U.S

☆ Pupuk Indonesia CEO discusses the company's clean ammonia and food security plans
▼ + stars: | 2024-11-12 | 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 EmailPupuk Indonesia CEO discusses the company's clean ammonia and food security plansRahmad Pribadi of Pupuk Indonesia says the company wants to set an example for other companies in its push for clean ammonia and that he is "very sure" Indonesia can achieve food independence in rice production in a short time.

Persons: Rahmad Organizations: Pupuk Locations: Pupuk Indonesia, Indonesia

☆ Martha Stewart says Snoop Dogg taught her how to negotiate contracts better
▼ + stars: | 2024-11-12 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Good friends help each other get better business deals, just like Martha Stewart and Snoop Dogg. Stewart told The Wall Street Journal that she "learned how to negotiate even better than ever" from the rapper. They first met on "The Martha Stewart Show" in 2008, during which they made mashed potatoes together. "She presents an opportunity, we present it to a network and we make some things happen," Snoop Dogg told People in a September interview. As good friends, they also help each other get better business deals, Snoop Dogg said.

Persons: Martha Stewart, Snoop Dogg, Stewart, —, They've, Martha, Snoop's, It's, Snoop, he's, Martha's Chard Organizations: Wall Street Journal, Service, Wall, VH1, Party, Business

☆ Phison Electronics' CEO discusses new storage solutions for AI on the edge
▼ + stars: | 2024-11-12 | 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 EmailPhison Electronics' CEO discusses new storage solutions for AI on the edgePua Khein Seng of Phison Electronics discusses their second attempt to reenter the Malaysia semiconductor market, and the company's new product offerings to meet the surge in AI demand.

Persons: Khein Organizations: Electronics, Phison Electronics Locations: Malaysia

☆ SoftBank posts blowout quarterly gains at Vision Fund tech arm
▼ + stars: | 2024-11-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The broader Vision Fund segment as a whole, which also factors in non-investment performance such as administrative expenses and gains and losses attributable to third-party investors, reported a gain of 373.1 billion yen. It had declared a loss of 204.3 billion yen in the company's first fiscal quarter. The Vision Fund has been cashing in on the success of the September 2023 listing of smartphone chip designer Arm Holdings , in which it owns a sweeping majority stake of around 90%. The group's print benefitted from investment gains of 1.28 trillion yen on shares of Chinese retail giant Alibaba and of 566.2 billion yen on stock of T-Mobile. On Tuesday, it said it had repurchased a cumulative 153.8 billion yen in shares by the end of the second quarter.

Persons: Toru Hanai, Didi, Son, Elliott Organizations: SoftBank Corp, SoftBank Group Corp, Bloomberg, Getty, Vision Fund, Arm Holdings, Nvidia, Yahoo, SoftBank, Mobile, Elliott Management, CNBC, Barclays Locations: Tokyo, Japan, Norwegian, Mobile . Tokyo, SoftBank

☆ Asia-Pacific markets set to open mixed as Trump rally continues
▼ + stars: | 2024-11-12 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to open mixed on Tuesday, with investors expected to exercise caution even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Futures for Australia's S&P/ASX 200 stood at 8,279, slightly higher than the index's last close of 8,259. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 39,660 and its counterpart in Osaka at 39,630 compared to the previous close of 39,533.32Hong Kong's Hang Seng index futures were at 20,324, lower than the HSI's last close of 20,426.93.

Organizations: Dow Jones Industrial, Australia's, Nikkei Locations: Asia, Pacific, Chicago, Osaka

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Kissinger was deeply respected in China and continued to meet with its leaders as an unofficial diplomat in efforts to promote warmer relations between the two countries. Just months before Kissinger died in November 2023, he met with Chinese President Xi Jinping in Beijing in July 2023. They may not reach the same impact as Kissinger, given the more complex period, he said, though they could help stabilize relations. Cook and Schwarzman also regularly visit leaders in China, where they are often highlighted by Beijing as examples of positive China-U.S. business and trade relations.

Persons: Elon Musk, Donald Trump, Anna Moneymaker, Elon, Kissinger, Scott Kennedy, Henry Kissinger, Xi Jinping, Tesla, Li Qiang, Wang Yiwei, Wang, Musk's, Musk, Joe Biden, Biden, Trump, Wang Huiyao, Tim Cook, Blackstone, Stephen Schwarzman, Cook, Schwarzman, Dewardric Organizations: Getty, White, Economics, Center for Strategic, International Studies, U.S, SpaceX, Renmin University, CNBC, Trump, Center for, Longview Global Locations: Butler , Pennsylvania, Beijing, China, Washington, imploding, U.S, Center for China, Dewardric McNeal

☆ CNBC Daily Open: Best to stay prudent even in the postelection afterglow
▼ + stars: | 2024-11-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Source: NYSEThis 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. What you need to know todayThe bottom lineThe stock market is riding high on Trump's election victory. The postelection stock rally, however, is likely to stay strong for now. It's hard to go wrong following the age-old rules for investing in the stock market: Be in it for the long term, diversify and look at fundamentals like earnings and valuation.

Persons: HSI, it's, Morgan Stanley, Lisa Shalett, John Stoltzfus, Shalett, CNBC's Brian Evans, Alex Harring Organizations: New York Stock Exchange, CNBC, Dow Jones, Apple, Microsoft, Nasdaq, Dow, Republicans, Morgan, Morgan Stanley Wealth Management's, Oppenheimer Asset Management

☆ Keep a broader perspective post U.S. elections and make bets on the margins: Strategist
▼ + stars: | 2024-11-12 | 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 EmailKeep a broader perspective post U.S. elections and make bets on the margins: StrategistAdam Phillips of EP Wealth Advisors discusses why the firm's portfolios do not include Tesla or Bitcoin despite their strong performance following Trump's election.

Persons: Adam Phillips

☆ Maryland man wanted after arsenal of weapons found, including 3D-printed ‘ghost guns’
▼ + stars: | 2024-11-12 | by ( Alex Stambaugh | ) edition.cnn.com time to read: +3 min

CNN —Authorities in Maryland are searching for a man facing several weapons charges after a colorful arsenal of firearms, including illegal “ghost guns,” was found in his home. A later search found multiple 3D-printed “ghost guns” without serial numbers, semi-automatic rifles, handguns and shotguns. The use of ghost guns is on the rise across the country with the Biden administration telling the Supreme Court that police departments have faced an “explosion of crimes involving ghost guns” in recent years. In 2017, police submitted about 1,600 ghost guns recovered at crime scenes for tracing. The Biden administration has tightened regulation on ghost guns as part of a series of actions related to gun safety.

Persons: ”, Adam Taylor, Taylor, Biden, Garland Organizations: CNN, Authorities, Police, Mary’s County Sheriff’s, Alcohol, Tobacco, Firearms, Explosives, Biden Locations: Maryland, Lexington Park, Washington, DC, St, Mary’s County

☆ Driver detained after car plows into people exercising in Chinese city
▼ + stars: | 2024-11-12 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Police in southern China have detained the driver of a car that plowed into people exercising in the grounds of an outdoor sports center on Monday evening, leaving scores injured. A car “hit multiple pedestrians and then fled the scene” at the Zhuhai Sports Center in the southern city of Zhuhai at around 8 p.m. Monday, police said in a statement. The driver, a 62-year-old man, is in police custody, the statement said, adding that investigations are underway. The Zhuhai Sports Center features an outdoor track and field and is frequented by local residents for daily exercises. But it has faced a spate of attacks targeting random members of the public, including school children, in recent months.

Persons: geolocated, Caixin, Liu Organizations: Hong Kong CNN — Police, Zhuhai Sports Center, CNN, Social Media Locations: Hong Kong, China, Zhuhai, Beijing, Shanghai, Tai’an, Shandong province

☆ Trump picks Kristi Noem to serve as his Homeland Security secretary
▼ + stars: | 2024-11-12 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +1 min

CNN —President-elect Donald Trump has selected South Dakota Gov. Kristi Noem as his next secretary of the Department of Homeland Security, according to two people familiar with the selection. Noem will be tapped to take over the agency as two key immigration hardliners — Stephen Miller and Tom Homan — are slated to serve in senior roles, signaling Trump is serious about his promise to crack down on his immigration pledges. With his selection of Noem, Trump is ensuring a loyalist will head an agency he prioritizes and that is key to his domestic agenda. The department saw an immense amount of turmoil the last time Trump was in office.

Persons: Donald Trump, Kristi Noem, — Stephen Miller, Tom Homan —, Trump, Noem Organizations: CNN, South Dakota Gov, Department of Homeland Security, Trump, DHS, Customs, Border Protection, Customs Enforcement, Federal Emergency Management Agency, Service, The Guardian Locations: South Dakota

☆ Alcoa CEO sees strong demand for aluminum in both near and long-term
▼ + stars: | 2024-11-12 | 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 EmailAlcoa CEO sees strong demand for aluminum in both near and long-termWilliam Oplinger, President and CEO of Alcoa, "welcomes the opportunity" to work with the incoming Trump administration and shares his outlook for aluminum prices.

Persons: William Oplinger Organizations: Alcoa, Trump

☆ The market 'is very misplaced' in terms of looking at China stimulus: UBS
▼ + stars: | 2024-11-12 | 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 EmailThe market 'is very misplaced' in terms of looking at China stimulus: UBSShamaila Khan, head of fixed income for emerging markets at UBS Asset Management is of the view that instead of a "big bazooka" of stimulus, China has been consistently injecting stimulus in a "slow and measured fashion," which is not priced into Chinese assets.

Persons: UBS Shamaila Khan Organizations: UBS, UBS Asset Management Locations: China

☆ Portfolio manager: Increasing allocations to China as we see 'deeper' long-term opportunities
▼ + stars: | 2024-11-12 | 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 EmailPortfolio manager: Increasing allocations to China as we see 'deeper' long-term opportunitiesVikas Pershad of M&G Investments discusses the main takeaways from his trip to London and investor sentiment towards China. He also says that the recent pullback in India's stock market performance is a healthy correction.

Persons: Vikas Pershad Organizations: G Investments Locations: China, London

☆ China's big air show opened with a glitzy aerial display of its fighters, but crowds couldn't see much in the smog
▼ + stars: | 2024-11-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's hyped air show kicked off with performances from its aerobatics team on Tuesday. But the grand display was dampened by smog filling the skies over Zhuhai, Guangdong. AdvertisementChina's biggest air exhibition opened on Tuesday to smoggy skies obscuring an intricate aerobatics performance meant to display the country's aircraft to the world. In its first official public appearance, the J-35A flew briefly at the opening in Zhuhai, climbing into the hazy sky. The smoggy opening also comes as China has sought to shed the reputation of its cities as being wracked by air pollution.

Persons: —, Sp0wzC4wWm —, Lockheed Martin's, COMAC Organizations: Service, Liberation Army Air Force, Sp0wzC4wWm — Reuters, Red Falcon, Lockheed, Boeing, University of Chicago, WHO Locations: Zhuhai, Guangdong, China

☆ More China stimulus expected, but growth will miss target this year: Morningstar
▼ + stars: | 2024-11-12 | 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 EmailMore China stimulus expected, but growth will miss target this year: MorningstarLorraine Tan of Morningstar says China growth will come in between 4% to 5% this year, missing Beijing's target, although she expects more support measures being rolled out in the next few months.

Persons: Morningstar Lorraine Tan, Morningstar Locations: China

☆ Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
▼ + stars: | 2024-11-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell , after the oil giant was ordered to drastically reduce its global carbon emissions back in 2021. In May 2021, The Hague district court ruled that Shell must reduce its greenhouse gas emissions by 45% from 2019 levels by 2030. Shell's lawyers said demands for companies to curb greenhouse gas emissions could not be made by courts, but only by governments, Reuters reported. The company also said the court ruling would force it to shrink its business without any benefit to the fight against climate change. The burning of coal, oil and gas is by far the largest contributor to the climate crisis, accounting for more than three-quarters of global greenhouse gas emissions.

Persons: Milieudefensie Organizations: Shell, Pernis, Reuters Locations: Rotterdam, Netherlands, Azerbaijan, The Hague, Paris, Hague

☆ Singles' Day shopping festival sales 'better than expected,' says Coresight Research
▼ + stars: | 2024-11-12 | 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 EmailSingles' Day shopping festival sales 'better than expected,' says Coresight ResearchDeborah Weinswig, founder and CEO of Coresight Research says that the Chinese shopping season holiday has gone global this year, bringing in strong sales figures across all regions.

Persons: Coresight, Deborah Weinswig Organizations: Coresight Research

☆ Trump’s emerging team of loyalists is primed for a fast start in his second term
▼ + stars: | 2024-11-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Miller was a powerful White House aide in Trump’s first term, authoring much of his most fiery scripted rhetoric as a speechwriter. Yet despite these draconian visions, there’s uncertainty about how far Trump will go in his deportation program and whether it matches his dystopian speeches. Many Democrats and Republicans could agree on Trump’s vow to start by deporting criminal undocumented migrants — the easiest part of his plan. Trump’s critics and vulnerable undocumented migrants, however, will find little in the president-elect’s new staff picks to offer them comfort. In every incoming presidential administration, staffing is important and provides ideological clues to how a White House will act.

Persons: Donald Trump, he’s, Elon Musk, Stephen Miller, he’d, Tom Homan, Trump, Marco Rubio, CNN’s Kaitlan Collins, Rubio, Donald J, ” Rubio’s, Elise Stefanik, Mike Waltz, ” Rubio, Lee Zeldin, Zeldin, ’, don’t, James Comey, Susie Wiles, Homan, Miller, George W, Waltz, Donald Rumsfeld, Robert Gates . Homan, Alyssa Farah Griffin, ” Griffin, CNN’s Erin Burnett, Trump’s, there’s, —, ”, ” Miller, Trump . Chad Wolf, ” Wolf, CNN’s Jake Tapper, Biden, Vladimir Putin, Volodymyr Zelensky’s Organizations: CNN, it’s, White, Fox News, Democratic, Republican, Republican National Convention, The New York Times, GOP, United Nations, New York, Florida, New York Rep, Environmental Protection Agency, FBI, Senate Foreign Relations, Intelligence, Harvard, Bush, Wing, Customs, Army, Trump White House, CBS, Trump, Conservative Political, Conference, Trump ., Hamas, Democratic Party, Biden Locations: Washington, Lago, Trump’s, Madison, Florida, America, China, Zeldin, Afghanistan, East, Africa, Ukraine, Gaza, Israel, Europe

Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president. Since Trump’s victory last week, Musk is about $70 billion richer on paper. For Musk, getting Trump back into the White House became another full-time job. After the election last week, Musk briefly joined Trump’s phone call with Ukrainian President Volodymyr Zelenskyy, NBC News reported. Musk owns 411.06 million Tesla shares, as of the latest filings, and about 304 million performance-based options.

Persons: Elon Musk, Donald Trump, It’s, That’s, Larry Ellison, Ellison, Musk’s, who’s, Trump, Musk, Kamala Harris, Volodymyr Zelenskyy, he’s, Brendan Carr, Florida Republican Sen, Rick Scott, ” Musk, “ He’s, ”, Gene Munster, Tesla, Munster, ” Munster, Judge Kathaleen McCormick, McCormick, Ellison aren’t, Brian Armstrong, Cryptocurrencies Organizations: Twitter, Tesla, Forbes, Oracle, White, America PAC, Trump, NBC News, The New York Times, ABC, Trump’s, Federal Communications Commission, Florida Republican, SpaceX, Co, CNBC, Elon, Shareholders Locations: Pennsylvania, Lago, Florida, Delaware

The Summary Four women are suing the state of Idaho after they were denied abortions for fatal fetal abnormalities. Four women who are suing the state of Idaho after they were denied abortions will testify on Tuesday and Wednesday about their experiences traveling out of state to end nonviable pregnancies. In May, the Texas Supreme Court ruled against the 20 plaintiffs, who were denied abortions in the state despite dangerous pregnancy complications. An abortion rights protest at the Idaho Statehouse in downtown Boise on May 14, 2022. In the trial this week, Kabat said his legal team intends to argue that Idaho’s abortion bans will lead to deaths if the exceptions aren’t clarified further.

Persons: “ We’re, We’re, ”, Nick Kabat, Brad Little, Raúl Labrador, Kabat, ” Rebecca Vincen, Brown, she’s, ” Vincen, Sarah A, Miller, Roe, Wade, ” Kabat Organizations: Idaho Academy of Family Physicians, Center for Reproductive, Idaho Gov, . Texas, Texas Supreme, Idaho Statehouse, Idaho Statesman, Tribune, Service, Wisconsin Supreme, U.S, Supreme Locations: Idaho, Ada County, ., Texas, Ada County , Idaho, Portland , Oregon, Portland, Boise, Missouri, Arizona, Wisconsin

☆ Cleveland Browns Hakeem Adeniji mourns stillbirth of his son days before due date
▼ + stars: | 2024-11-11 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Hakeem Adeniji, an offensive tackle for the Cleveland Browns, shared the heartbreaking loss of his child a week before his son's due date. In a tearful video posted Nov. 4 on Instagram, Adeniji, 26, called the loss "the worst moment of my life." "I know everybody that knows me knows how bad I wanted to be … be a dad," the athlete said. He said that his wife, Kayla, went to the hospital when she couldn't feel their son moving. An ultrasound confirmed the stillbirth six days before the baby boy’s due date, Adeniji said.

Persons: Hakeem Adeniji, Kayla, Adeniji, … We’ll, He’s, ” Kayla Adeniji, “, ”, ” Adeniji Organizations: Cleveland Browns, Cincinnati Bengals, Browns

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