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The past year was 1.52 degrees hotter on average than temperatures before industrialization, according to data from Copernicus, the European Union’s climate and weather monitoring service. That 12-month average was boosted by the hottest January on record, which was 1.66 degrees warmer than the average January temperature in pre-industrial times. Scientists are more concerned with multi-year warming above these thresholds, but the 12-month record shows the world is fast approaching the Paris Agreement’s limits. “Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing.”The climate crisis is driven primarily from humans burning coal, oil and gas for energy. Extreme weather events already made more frequent and severe by long-term global warming are now being supercharged by El Niño, scientists say.
Persons: Copernicus, Matt Patterson, ” Copernicus, Samantha Burgess, El Niño Organizations: CNN, Global, University of Oxford, El Locations: Paris, Chile
Raleigh and Boise also placed high for large cities, while Idaho Falls ranked first for small cities. Per the rankings, only 11 large cities and seven small cities were classified as Tier 1, placing high among many metrics. Big cities also saw their tech sectors grow much faster than small cities. Philadelphia jumped 130 places between 2023 and 2024 in the large cities list, while Manhattan, Kansas, rose 160 places for small cities. AdvertisementFour of the top seven small cities were in Idaho, exemplified by Coeur d'Alene, Twin Falls, and Pocatello.
Persons: Austin, , Milken, hasn't, Richmond , Virginia —, Paso Robles, El Centro Organizations: Milken Institute, Raleigh, Idaho Falls, Service, Boise, Bureau of Labor Statistics, Idaho National Laboratory, Obispo Locations: Boise, Austin, Raleigh, Los Angeles, Long, Glendale and New York, Jersey, White, Sunbelt, Provo, Orem, Utah, Salt Lake City, Elgin , Illinois, Houston, , Texas, Richmond , Virginia, Charleston, North Charleston, South Carolina, Philadelphia, Manhattan , Kansas, Wichita, Lawrence, Kansas, Idaho, Coeur d'Alene, Twin Falls, Pocatello . Idaho, California, San Luis, Arroyo Grande, Modesto, El
CNN —El Salvador’s Supreme Electoral Court on Monday said it had asked polling stations across the country to manually record the results of Sunday’s presidential election after electronic transmission of results stopped updating overnight at around 31%. Voters line up at a polling station during general elections in San Salvador, El Salvador, on Sunday. El Salvador now has the world’s highest incarceration rate. El Salvador President Nayib Bukele, left, accompanied by his wife Gabriela Rodriguez, waves to supporters from the balcony of the presidential palace in San Salvador, El Salvador, after polls closed on Sunday. A lopsided win for Bukele would likely give the young leader more leeway to reform El Salvador in his heavy-handed vision.
Persons: CNN — El, Nayib Bukele, Bukele, Moises Castillo, Bukele’s, El, Gabriela Rodriguez, autocrats, ” –, CNN’s David Shortell Organizations: CNN, Sunday, AP, El Salvador, Bukele Locations: San Salvador , El Salvador, El Salvador, American
PLAYA DEL CARMEN, Mexico (AP) — Joaquin Niemann became the second LIV Golf player in as many years with a sub-60 round, closing with two pars for a 12-under 59 to build a five-shot lead as the Saudi-funded league began its third season Friday at LIV Golf Mayakoba. Niemann had a chance to match the LIV record with one last birdie, but his wedge into his final hole — No. Bryson DeChambeau last year shot 58 in the final round at GreenbrierHe led by five shots over Patrick Reed. Niemann's 59 overshadowed the debut of Masters champion Jon Rahm, who signed with LIV in December in the league's biggest acquisition. For the team competition, the top three scores from each team count, with all four scores counting on the final day.
Persons: — Joaquin Niemann, LIV, Niemann, , Bryson DeChambeau, Patrick Reed, El Camaleon, , ” Niemann, , Jim Furyk, David Carey, Jon Rahm, Rahm, XIII, Ryder, Tyrrell Hatton, Hatton, ” Rahm, ” Sergio Garcia, ___ Organizations: DEL CARMEN, Greenbrier, , PGA, LIV Locations: Mexico, Saudi, El
The state’s illegal market had flourished for decades, anchored in the storied “Emerald Triangle” region in the northern end of the state. Dicus said in 2023 his department served 411 search warrants for illegal marijuana grow sites countywide and recovered $370 million. “The reality is that Proposition 64, in the fine print, took illicit marijuana and moved it from a felony to a misdemeanor. In 2020, seven people were fatally shot at an illegal marijuana growing operation in a rural town in neighboring Riverside County. “We've invited organized crime to come back into California and compete for an illicit market.”
Persons: , Jerred Kiloh, , Kiloh, San Bernardino County Sheriff Shannon Dicus, Gavin Newsom, Dicus, we’ve, ” Dicus, Griffen Thorne, ” Kiloh, “ We've Organizations: ANGELES, United Cannabis Business Association, Authorities, El Mirage, San Bernardino County Sheriff, ” Democratic, Cannabis Locations: California, Los Angeles, San Bernardino County, Riverside County
Protesters calling for a cease-fire in Gaza, during the first day of the California legislative session in Sacramento this month. The federal case in Northern California is unlikely to succeed, given legal precedents that limit judicial power over U.S. presidents on foreign policy decisions. Israel also said that inflammatory comments about Palestinians were taken out of context or made by individuals without decision-making power. One of her relatives is living under a nylon tarp in Gaza with her four children and husband, a cancer patient, she said. Israeli attacks have killed 88 relatives just on her mother’s side of the family, she said.
Persons: Biden, Judge Jeffrey White, , Antony J, Blinken, Lloyd J, Austin III, Judge White, George W, Bush, Laila el, Haddad, Jean Lin, Katherine Gallagher, ” Erwin Chemerinsky, ” Basim, Elkarra, We’re, Mr Organizations: Palestinian, Calif, United Nations, International Court, Court of Justice, Hague, International Court of Justice, Government, Justice Department, Center for Constitutional Rights, University of California, Islamic, Democrat Locations: Gaza, California, Sacramento, Israel, U.S, Oakland, Fairfield , Calif, San Ramon, Northern California, Bay Area, Atlanta, Palestinian, United States, , United, Clarksville, Md, New York, Berkeley, Palestinian American
CNN —Colombia declared a disaster situation on Thursday due to wildfires raging across several parts of the country, as the president warned the conditions could get worse. Colombia’s President Gustavo Petro declared a “situation of disaster and calamity,” telling reporters that funds previously approved for other purposes are being redirected to deal with the crisis. The government is also seeking international help, he said, adding that the United States, Chile, Peru and Canada, “which has enormous experience [fighting fires],” have responded to the call. Raul Arboleda/AFP/Getty ImagesAt least 25 active fires were reported on Thursday by the National Disaster Risk Management Unit. “We estimate that the phenomenon is composed of 70% fog and 30% smoke,” the Civil Aviation Authority of Colombia said on X.
Persons: Gustavo Petro, , Petro, he’s, El Niño, Raul Arboleda Organizations: CNN —, United Nations, European Union, Getty, National Disaster Risk Management Unit, Civil Aviation Authority Locations: CNN — Colombia, United States, Chile, Peru, Canada, Bogota, AFP, El Dorado, Colombia
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. Former NASA climate scientist James Hansen, often considered the godfather of global warming science, theorized last year that warming was accelerating. That’s 0.27 degrees (0.15 degrees Celsius) warmer than the previous record set in 2016 and 2.43 degrees (1.35 degrees Celsius) warmer than pre-industrial temperatures. NASA and the United Kingdom Meteorological Office had the warming since the mid-19th century a bit higher at 2.5 degrees (1.39 degrees Celsius) and 2.63 degrees (1.46 degrees Celsius) respectively. It’s the third time in the last eight years that a global heat record was set.
Persons: Nature, , Katharine Jacobs, Gavin Schmidt, El, NASA's Schmidt, Schmidt, Samantha Burgess, Europe's, Burgess, James Hansen, Daniel Swain, Russ Vose, Jennifer Francis, Katharine Hayhoe, Randall Cerveny, , ” Cerveny, Natalie Mahowald, “ I've, Kim Cobb, ” ___ Read, Seth Borenstein Organizations: Associated Press, University of Arizona, El Nino, Service, NASA, AP, UCLA, U.S . National Oceanic, Administration, NOAA’s National Centers for Environmental, United Kingdom Meteorological Office, . Records, World Meteorological Organization, Climate Research, Conservancy, NOAA, Arizona State University, WMO, Cornell University, The Associated Press Locations: British, El, Paris, Brown, AP.org
Data from ancient ice cores and tree rings suggest the world hasn't been this warm in 100,000 years. But climate scientists who track these trends were still shocked by how high temperatures soared. Europe's Copernicus Climate Change Service made the official call this week. Carlo Buontempo, the service's director, said evidence suggests the world hasn't been this warm in 100,000 years, meaning no cities, farms, or other parts of modern society have ever endured this heat. AdvertisementBut the Copernicus climate scientists said that these weren't the only factors and that some required more research.
Persons: Carlo Buontempo, Buontempo, Copernicus, El Niño, Niño, Samantha Burgess, Burgess Organizations: Service, UN Locations: Business, Munich, Tonga, Paris
How the Red Sea crisis could clobber the global economy
  + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +9 min
The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.
Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, , ” It’s, Abercrombie &, Nathan Howard, , ” Philip Damas, , Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, , China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey
Futures contracts on orange juice , cocoa , coffee and sugar have soared in part because of extreme weather and supply concerns related to El Niño. "You can say El Niño has a sweet tooth because it sort of eats or takes away much of the sugar in the world," Carlos Mera, head of agri commodities market research at Netherlands-based Rabobank, told CNBC. "Sugar prices have probably already been passed on [to consumers] but certainly for chocolate we should expect a big increase at retail level — and El Niño is certainly something to watch." Joe Raedle | Getty Images News | Getty ImagesThe effects of El Niño tend to peak during December, but the impact typically takes time to spread across the globe. It also warned that several crops could be adversely affected by El Niño early next year, while acknowledging there is the potential for some crops to benefit, citing those in the United States, southern Brazil and Argentina.
Persons: El, Carlos Mera, El Niño, Joe Raedle, Dave Reiter, Reiter, Sia Kambou Organizations: Future Publishing, Rabobank, CNBC, Getty, Reiter Capital Investments, Twitter, Workers, Afp Locations: Yichang City, China's Hubei, Netherlands, El, Orange, Miami , Florida, Southeast Asia, India, Australia, Africa, United States, Brazil, Argentina, Florida, Hermankono
They have to endure bombardment and attacks in absolute silence,” El Helbawi said. Fearful that a blackout could provide cover for “war crimes,” El Helbawi became consumed with finding a solution. But when talks on those plans stalled, El Helbawi decided to try something else. Donors have sent QR codes from as far as the United States, Switzerland, Pakistan and the Netherlands, El Helbawi says. She shared her concerns with El Helbawi, who told her, “You never know what happens,” Elkomi recalled.
Persons: , ” El, El Helbawi, they’ve, , ” El Helbawi, El, Israel, John MacDougall, ” Paltel, Elon Musk, Musk, Ahmed Elmadhoun, Elmadhoun, ” Elmadhoun, Donors, Graeme Bradley, ” Bradley, they’ll, Rizek Abdeljawad, ” Elkomi, “ …, Elkomi, there’s, ’ El Helbawi Organizations: CNN, Hamas, Palestinian Ministry of Health, Getty, El, , Simly Locations: Cairo, Gaza, El, Israel, Palestinian, ” El Helbawi, United States, Switzerland, Pakistan, Netherlands, Scotland, Xinhua, Egypt, , eSIMs, Palestine, Rafah
Finally Souza, an innkeeper and community leader in Bela Vista do Jaraqui, said he rallied two dozen neighbors to drill a 60-meter well in the heart of the world's largest freshwater basin. With rivers forming the backbone of transportation across the Amazon region, the drought has disrupted access to food and medicine in dozens of cities. The Amazon, the world's largest rainforest, is regarded by scientists as a bulwark against climate change because its dense vegetation absorbs carbon and emits oxygen. The five researchers predicting a 2026 recovery said the effects of the drought could endure even longer if El Nino is prolonged. That would release huge amounts of carbon dioxide, contributing to climate change and wiping out a wealth of plant and animal species found only in the Amazon.
Persons: Bruno Kelly, Raimundo Leite de Souza, Souza, Luiz Inacio Lula da Silva, Michael Coe, we're, El Nino, Coe, El, Philip Fearnside, Henrique Barbosa, Eduardo Taveira, Taveira, Paulo Brando, Brando, Barbosa, Brad Haynes, Jake Spring, Ana Mano, Andre Romani, Suzanne Goldenberg Organizations: REUTERS, Rights, Rio, cobras, United, Reuters, Research Center, National Institute of, Research, University of Maryland, Honda, LG, Positivo, GIANTS, Yale University, Sao Paulo, Thomson Locations: Tefe, Amazonas, Brazil, Rights MANAUS, caimans, Bela Vista, Guyana, Suriname, French Guiana, Venezuela, Colombia, United Nations, U.S, South America, South, Pacific, North America, El Nino, University, Baltimore, Western Europe, Brazil's Amazonas, Manaus, Itacoatiara, Madeira Rivers, Sao Paulo, Sao
After a week of calm, Yousef Hammash woke up in the southern Gaza city of Rafah on Friday to the booming sounds of explosions. The truce also allowed for a larger number of deliveries of humanitarian aid and fuel to Gaza than in previous weeks of the war. Israeli and Hamas officials said the deal collapsed because they could not agree on additional exchanges of hostages and Palestinian prisoners and detainees. The latest phase of Israel’s campaign against Gaza is expected to target the southern half of the region, where many Palestinians have sought safety. Sameer al-Jarrah, 67, has been living in Al Qarara since the war began on Oct. 7, following the devastating Hamas-led attacks on Israel launched from Gaza.
Persons: Yousef Hammash, Mr, Hammash, pummeled, Khan Younis, Mahmoud el, Carolin, Khaldi, ” Mr, Al Qarara, Sameer al, , , I’ll, Hessi Organizations: Norwegian Refugee Council Locations: Gaza, Rafah, Norwegian, Israel, Oslo, Khan, Egypt, Gaza City, Al Qarara,
An obesity beneficiary and a snack foods company are just a few of the top stocks to buy in December, analysts said this week. Wall Street research firms named a slew of companies that they believe have upside heading into the years end. Obin said the company has a "preponderance" of margin tailwinds for 2024, including "differentiated auto exposure, underappreciated margin expansion opportunities, and best-in-class execution." "We are including BUY-rated EL in our research team's Best-of-Breed Bison initiative, which focuses on long-term best-in-class companies with sustainable competitive moats," analyst Linda Bolton Weiser said earlier this week. Estee Lauder — DA Davidson, buy rating "We are including BUY-rated EL in our research team's Best-of-Breed Bison initiative, which focuses on long-term best-in-class companies with sustainable competitive moats.
Persons: Estee Lauder, Gracell Biotechnologies, Eli Lilly, Andrew Obin, Obin, it's, Nik Modi, Modi, MDLZ, Mondelez, LSEG, Estee Lauder DA Davidson, Linda Bolton Weiser, Bolton Weiser, Gracell, Eli Lilly — Morgan Stanley, Estee Lauder —, Davidson Organizations: CNBC, ITT, Gracell, Bank of America, RBC, ISI, pharma, ITT — Bank of America
Turkish President Tayyip Erdogan delivers a national statement at the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. "The current situation in Gaza constitutes a war crime and a crime against humanity; those responsible must be held accountable under international law," he said. The war against the innocent people of Palestine is a war crime that must be ended now," he said in his address. The "international youth delegate" said he would try to raise awareness at the COP28 conference of the Palestinian cause. The assault sparked outrage in the Arab world, though most Western leaders have supported what they say is Israel's right to defend itself.
Persons: Tayyip Erdogan, Al Sudani, Israel, Cyril Ramaphosa, Jordan's King Abdullah, Mohammed Ursof, Antony Blinken, Blinken, Rishi Sunak, Sheikh Tamim bin Hamad Al Thani, Isaac Herzog, Sheikh Mohamed bin Zayed Al Nahyan, Herzog, Oded Joseph, Bahrain's King Hamad bin Isa Al Khalifa, Abdul Latif Rashid, Gustavo Petro, Alexander Cornwell, Nadine Awadalla, Jana Choukeir, Huseyin Hayatsever, Mai Shams El, Richard Valdmanis, William Maclean Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, Reuters, Hamas, United, U.S, State Department, Palestinian Authority, Dubai, UAE, Foreign Ministry, Reuters COP28, Thomson Locations: Dubai, United Arab, Israel, Gaza, Palestinian, Africa, Palestine, UAE, Qatar, Egypt, Jordan, Bahrain, COP28
Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.
Persons: Donald Trump, , Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, , , Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, , Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, , Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, , White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, , Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, , Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, , University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, , U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, , ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, , Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Eaton, Jim doesn't, Wells, Morgan Stanley, Estee Lauder, we're, We're, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Jim Cramer's Charitable Locations: industrials, China
It's no secret: Estee Lauder (EL) has lost its way. Fabrizio Freda, the CEO of Estee Lauder since July 2009, was once an industry "wunderkind," Jim Cramer acknowledged Tuesday. Shares of Estee Lauder have fallen 50% year to date and lost two-thirds of their value over the past two years. We have been expecting consecutive poor quarters from Estee Lauder since China's post-Covid economic rebound has stalled. Rather, the investment case is more about how Estee Lauder can right the ship.
Persons: Estee Lauder, Bobbi Brown, Jo Malone, Fabrizio Freda, Jim Cramer, Freda, Jim, we're, Lauder, China's, Jim Cramer's, Budrul Organizations: HSBC, L'Oreal, CNBC, Lightrocket, Getty Locations: China, Korea, Asia, New York City, Hong Kong
Charlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway, died on Tuesday at age 99. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Charlie Munger once offered what I consider to be the best life advice one can receive: 'How to find a good spouse? Still, others praised the former vice chairman of Berkshire Hathaway for his lifelong advocacy of education and philanthropy, with multiple users calling Munger a legend and "financial genius."
Persons: Charlie Munger, Warren Buffett's, Berkshire Hathaway, , Charlie Munger's, @WarrenBuffett, Mohamed, Charlie, — Mohamed, Munger, Nancy Barry, Sahil Bloom, William Green Organizations: Berkshire, Service, Berkshire Hathaway Locations: Munger, LA
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. With our recent trade, Jim said he's also evaluating the Club's position in underperforming stocks like Estee Lauder (EL) and Foot Locker (FL). 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Jim Jeff, Jim, he's, Estee Lauder, Jim Cramer's Organizations: CNBC, Citi, Microsoft, Palo Alto Networks, Costco, Nvidia, Jim Cramer's Charitable Locations: Palo
Estee Lauder (EL) has the dubious distinction as the worst-performing stock in our portfolio in 2023, and we're growing less optimistic about CEO Fabrizio Freda's ability to right the ship. Jim added he may consider selling Estee Lauder due to the uncertainty that lies ahead. Alongside fiscal Q1 results, Estee Lauder management cut its fiscal 2024 outlook suggesting the trajectory of getting back on track for China consumer demand growth will take longer than expected. Jim believes the Club has been patient and has given Estee Lauder the time required for inventories in its Asia travel retail business to normalize. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.
Persons: Estee Lauder, Fabrizio Freda's, We're, Freda, Fabrizio Freda, Jim Cramer, Jim, Lauder YTD, Tom Ford, Jo Malone, Estee Lauder's, it's, Lauder, hasn't, Jim Cramer's Organizations: Wall, Management, CNBC, daimaru, Getty Locations: China, Asia, Nanjing, Shanghai
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.
Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy
View of the Cobre Panama mine, of Canada's First Quantum Minerals, in Donoso, Panama, December 6, 2022. Panama has a long mining history but Cobre Panama is the first major new investment this century. There are now calls not just for the Cobre Panama mine to be closed but for Panama to shun all future mining as well. By the time detailed negotiations on a new contract started in 2021, the mine was already ramping up to full production. The tale of Cobre Panama is an object lesson in getting it wrong.
Persons: El Salvador, Rosalba O'Brien Organizations: Minerals, REUTERS, Aris, Quantum, Environmental, Panama's, Justice, Supreme, Canada, Swedish Sámi Association, European Union, Reuters, Thomson Locations: Panama, Donoso, Rincon, Cobre Panama, Canada, American, Europe, Serbia, Scandinavia, Russia, Panamanian
In 1916, the US began forcing Mexicans that crossed the border to bathe in a mix of kerosene and vinegar. A US immigration officer talks to Mexicans in El Paso, Texas, 1916. El Paso was considered to have the ideal dry, warm climate to combat tuberculosis, and so, multiple sanatoriums were built in the city. AdvertisementAdvertisementAs a result, Mexicans and Mexican Americans who lived along the border developed a deep fear of the baths, Levya said. In total, the government is thought to have bathed 127,123 Mexicans at the bridge between Juárez and El Paso.
Persons: , Thomas Calloway Lea Jr, B.J, Lloyd, Bettmann, Carmelita Torres, Torres, PhotoQuest, Lea, David Romo, Tom Lea, Dr, Yolanda Chavez Levya, Levya, Leonard Nadel, Levya's, Torres –, Gerhard Peters, Peters Organizations: Service, Public Health, Riots, Mexican, Labor, Ku Klux Klan, Tom Lea Institute, The University of Texas, US, El, Public Service Health, Hidalgo Processing Center, Archives Center, National Museum of, Smithsonian, US Public Health Service Locations: Mexico, United States, El Paso , Texas, El Paso, Mexican, Hidalgo, Texas, East, Southeast Asia, Juárez, El Paso ., German, Nuremberg
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