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Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.

Persons: Donald Trump, Trump, —, Hillary Clinton, Chris Christie, They've, ”, Max Stier, it’s, ” Stier, Kamala Harris, Harris, “, ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, ’, President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama

☆ US government begins preparations for a partial shutdown with one week until deadline – despite agreement
▼ + stars: | 2024-09-23 | by ( Betsy Klein | Tami Luhby | ) edition.cnn.com time to read: +6 min

That standard guidance will be circulated Monday, seven days before a shutdown could occur. Should lawmakers fail to pass a funding bill, millions of federal workers and military personnel would be affected by a shutdown. Another 1.4 million federal employees may have to work without pay, though some of these positions are funded through resources other than annual appropriations, she said. All federal employees are guaranteed back pay, though contractors are not. Even the threat of a shutdown can disrupt the lives of federal employees, who could have to forgo their paychecks.

Persons: Mike Johnson, shutdowns, Rachel Snyderman, Snyderman, “, ”, Donald Trump, Trump, Chuck Schumer, aren’t, ” Doreen Greenwald, Everett Kelley, Joe Biden Organizations: Washington CNN, Louisiana Republican, Democratic, CNN, “, OMB, White, Management, Senate, Center, SAVE, GOP, noncitizens, Representatives, Social Security, National Treasury Employees Union, American Federation of Government Employees, District of Columbia Locations: Louisiana

☆ Not a lot of investing opportunities in China right now, says PIMCO's Pramol Dhawan
▼ + stars: | 2024-09-23 | 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 EmailNot a lot of investing opportunities in China right now, says PIMCO's Pramol DhawanPramol Dhawan, PIMCO head of emerging markets portfolio management, joins 'Closing Bell Overtime' to talk investing in China.

Persons: PIMCO's Pramol Dhawan Pramol Dhawan, PIMCO Locations: China

☆ Man smashes Ai Weiwei’s ‘Porcelain Cube’ at Italy art show
▼ + stars: | 2024-09-23 | by ( ) edition.cnn.com time to read: +1 min

Footage from CCTV cameras — posted on Ai Weiwei’s Instagram account — showed a man vigorously pushing the sculpture over, breaking it and then holding a piece of it over his head. The sculpture targeted was the artist’s large blue and white “Porcelain Cube,” the spokesperson said. The work "Porcelain Cube" left in pieces. The police in Bologna told local media a 57-year old Czech man had been arrested after being stopped by the museum’s security. It was not clear how the man had entered the building during the invite-only event on Friday.

Persons: Ai Weiwei, Ai Weiwei’s, —, Arturo Galansino, ”, “ Ai Weiwei Organizations: CNN, Bononiae Press Locations: Italian, Bologna, Florence

☆ When I quit my corporate job, I made many mistakes and almost burned bridges. Here's what you should do instead.
▼ + stars: | 2024-09-23 | by ( Georgie Tzintzis | ) www.businessinsider.com time to read: +5 min

I wanted to quit my corporate job — and fast. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.

Persons: —, could've Organizations: Service, Business

☆ China stimulus calls are growing louder — inside and outside the country
▼ + stars: | 2024-09-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.

Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S

☆ Trump is getting wilder and wilder, but the White House race remains a toss-up
▼ + stars: | 2024-09-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But the nature of the race — a toss-up contest in swing states — has not budged. No clear leaderBut despite the rising heat on the campaign trail, the race remains where it has been for weeks: deadlocked. The vice president is at 50% compared with Trump’s 47% in the latest CNN Poll of Polls average. Vice President Kamala Harris boards Air Force Two in Queens, New York, on September 22, 2024. Former President Donald Trump arrives at a campaign rally at the Aero Center in Wilmington, North Carolina, on September 21, 2024.

Persons: Donald Trump’s, he’d, —, Trump, He’s, CNN’s KFile, Kamala Harris, Harry Enten, Democrat John F, Richard Nixon, Gretchen Whitmer, Harris ’, “, Harris, Sharyl Attkisson, ”, Joe Biden, Matt Rourke, Biden, Donald Trump, Jim Watson, Republicans —, Ron DeSantis, Nikki Haley, she’s, “ I’m, “ I’ve, ” Harris, South Carolina Sen, Lindsey Graham, NBC’s Kristen Welker, Who’s Organizations: CNN, White, North Carolina, Democrat, Michigan Gov, Democrats, Trump, NBC News, Democratic, Electoral, Air Force, Capitol, Oval, Democratic National Convention, Republican Party, Aero Center, Getty, Republicans, Florida Gov, South Carolina Gov, NBC, —, Federal Reserve, mull, Republican, South, “ Locations: Ohio, “ State, Michigan, Pennsylvania, Wisconsin, Georgia, Nevada , Wisconsin , Michigan, North Carolina, United States, Queens , New York, Trump, Chicago, Wilmington , North Carolina, AFP, Florida, South Carolina

☆ We dreamed of spending our retirement on epic road trips. After buying an RV backfired, we made a better plan.
▼ + stars: | 2024-09-23 | by ( Marie L. Mangin | ) www.businessinsider.com time to read: +4 min

Read previewMy husband and I had always talked about getting a camper van and taking it on epic road trips after we retired. We were at a car show and spotted a compact, camper van from the '90s that was well within our budget. Even so, the costs of upkeep went up as we added more mileage to the camper van. And, after doing some math, we realized we don't need a camper van to do the road trips we dreamed of. AdvertisementHopefully, our camper van suits the new owners better than it did us — and maybe we'll cross paths on the road sometime.

Persons: —, van, Marie L Mangin, we're, We'll Organizations: Service, Business

☆ Luis Armando Albino: Boy abducted from California at age 6 found alive more than 70 years later
▼ + stars: | 2024-09-23 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

Oakland, California (AP) — Luis Armando Albino was 6 years old in 1951 when he was abducted while playing at an Oakland, California, park. Officials and family members didn’t say where on the East Coast he lives. His brother, Roger Albino, was interrogated several times by investigators but stood by his story about a woman with a bandana around her head taking his brother. Luis was located on the East Coast and provided a DNA sample, as did his sister, Alequin’s mom. Luis returned to the East Coast but came back again in July for a three-week visit.

Persons: — Luis Armando Albino, Albino, Justice Department —, “, ”, Roger Albino, ” Alequin, Luis, Roger —, Alequin, ‘, ’, Roger’s, Roger Organizations: Area, FBI, Justice Department, Marine Corps, Oakland, ”, Oakland Tribune, Coast Guard, Oakland Public Library Locations: Oakland, California, Oakland , California, East, Vietnam, West Oakland, Puerto Rico, East Coast, San Francisco Bay, Stanislaus County , California

☆ A stunning sterling rally is about to collide with Britain's political realities
▼ + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Sterling breached $1.33 against the greenback for the first time since March 2022 on Thursday, and was trading at $1.3315 early London time Monday. The pound's rally was tied to the BOE communication and "looks fully justified," Chris Turner, global head of markets at ING, said in a Friday note. Higher rates are traditionally a positive for a domestic currency as the higher yield can attract more foreign capital. watch nowGabriella Dickens, G7 economist at AXA Investment Managers, also cautioned on the pound's outlook in a note Thursday. If the government is more stringent on fiscal policy, we think the Bank will be forced to increase the pace of the cutting cycle to offset the hit on both households' and businesses' finances."

Persons: Keir Starmer, BOE, Chris Turner, Turner, Jane Foley, Gabriella Dickens, Dickens Organizations: Bank of England, Labour, Sterling, greenback, London, ING, Fed, U.K, European Union, Rabobank London, CNBC, AXA Investment, Bank, quicken Locations: Britain, –

☆ 13 stocks leading the AI revolution poised to turn early infrastructure investment into huge profit growth: Moody's
▼ + stars: | 2024-09-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

The 13 companies identified below have created tangible competitive advantages by investing in AI infrastructure in the early stages or finding a mission-critical niche within the AI value chain. Investing in the AI value chainIt's still early innings for the AI revolution. Next is the cloud services providers, which store data and train AI models in data centers, followed by the AI foundation models that power ChatGPT. Finally, software infrastructure players assist in integrating AI models into the AI application, or end product that consumers use. These players hold considerable market share across multiple layers of the AI value chain, resulting in higher returns as they use AI in multiple business areas.

Persons: —, Vincent Gusdorf, Moody's, Gusdorf Organizations: Service, Business, Big Tech

☆ Muni bonds could see a 'fast-paced rally' after having best summer in decades
▼ + stars: | 2024-09-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It may be time to take another look at municipal bonds. These days, munis are cheap relative to corporate bonds, Bank of America said in a note Friday. "Muni weakness is not the driver here, but rather corporate richness," municipal research strategist Yingchen Li wrote. "We continue to advise investors to take positions while the muni market rally remains slow and ratios are somewhat cheap," he said. Municipal bonds have already had an "impressive" run in recent months, Haskell wrote in a note last week.

Persons: Yingchen Li, Li, Patrick Haskell, Haskell Organizations: Bank of America, BlackRock

☆ Shervin Hajipour: Iran pardons Grammy Award winner whose song became an anthem to the 2022 protests
▼ + stars: | 2024-09-23 | by ( Story Associated Press | ) edition.cnn.com time to read: +1 min

AP —An Iranian Grammy Award winner said on Monday he was pardoned from a three-year sentence for a song that became an anthem to the 2022 protests that rocked the country following the death of Mahsa Amini in police custody. US first lady Jill Biden accepts Hajipour's Grammy Award on his behalf in February 2023. The protests quickly escalated into calls to overthrow Iran’s clerical rulers. On Friday, Iran’s Supreme Leader, Ayatollah Ali Khamenei, pardoned and commuted the sentences of 2,887 prisoners. He had already served some prison time but was out on bail in 2023 pending the court’s decision.

Persons: Mahsa, Shervin Hajipour, Jill Biden, Chris Pizzello, “, Iran’s, Amini, Ali Khamenei, Hajipour Organizations: Iran’s

☆ WNBA Playoffs: A’ja Wilson sparks comeback in three-peat hunt, Alyssa Thomas downs Fever with triple-double and more
▼ + stars: | 2024-09-23 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

Wilson, quiet for so much of the contest, finished with a game-high 21 points, eight rebounds and five blocks. Newly crowned 2024 MVP A'ja Wilson drives to the basket in Game 1 against the Seattle Storm. Thomas also recorded a triple-double against Indiana in the first game of this year’s regular season. Connecticut Sun forward Alyssa Thomas looks for the open pass against the Indiana Fever in Game 1 of their first-round series at Mohegan Sun Arena. The Fever would never recover and now Indiana has to win Game 2 on Wednesday to keep its postseason alive.

Persons: A’ja Wilson, Becky Hammon’s, Tiffany Hayes, Wilson, Sheryl Swoopes, Lisa Leslie, Lauren Jackson, Kelsey Plum, A'ja Wilson, Barry Gossage, ”, Becky, Hammon, Sun’s Alyssa Thomas, Caitlin Clark, Caitlin Clark’s, Alyssa Thomas, Thomas, Joe Buglewicz, I’ve, Marina Mabrey, DeWanna Bonner, Bonner, “, doesn’t, Clark, ” Clark, Stephanie White –, Leonie Fiebich, Napheesa Collier, Sandy Brondello’s, Courtney Vandersloot, Brondello, “ Leo, We’ve, ” Brondello, she’s, Breanna Stewart –, Sabrina Ionescu, Haley Jones, Breanna Stewart, Corey Sipkin, Diana Taurasi, Collier –, –, Natasha Cloud, Taurasi Organizations: CNN, WNBA, Aces, Seattle Storm, Las Vegas Aces, Las, Las Vegas, Storm, Seattle, Seattle Times, Houston Comets, Indiana Fever, Indiana, Connecticut Sun, Mohegan Sun Arena, AP, Fever, AP WNBA, Liberty, Lynx, Atlanta, New York, New York Liberty, Minnesota Lynx, Phoenix Mercury, Mercury, New York Liberty Phoenix Mercury, Minnesota Lynx Indiana, Connecticut Sun Seattle Storm Locations: Las Vegas, Connecticut, Stephanie White – Indiana, Indiana, New York, New

☆ When I quit my job, I made many mistakes and almost burned bridges. Here's what you should do instead.
▼ + stars: | 2024-09-23 | by ( Georgie Tzintzis | ) www.businessinsider.com time to read: +5 min

At the end of my work days, I often found myself sitting in my car, bursting into tears. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.

Persons: —, could've Organizations: Service, Business

☆ There's still a lot of capital that wants to come into this market, says Citi's Kristen Bitterly
▼ + stars: | 2024-09-23 | 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 EmailThere's still a lot of capital that wants to come into this market, says Citi's Kristen BitterlyKristen Bitterly, Citi Global Wealth at Work global head, joins 'Squawk Box' to discuss the latest market trends, the Fed's interest rate decision, state of the economy, and more.

Persons: Citi's Kristen, Kristen Organizations: Citi Global Wealth

☆ U.S. economic outlook 'up in the air,' strategist says
▼ + stars: | 2024-09-23 | 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 EmailU.S. economic outlook 'up in the air,' strategist saysMehvish Ayub, head of investment strategies for the Middle East at State Street Global Advisors, says there's still a risk that "data turns very significantly" over the next couple of months.

Persons: Mehvish Ayub, there's Organizations: State Street Global Advisors

☆ A Takaichi win would have big implications on BOJ policy: Strategist
▼ + stars: | 2024-09-23 | 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 EmailJapan's LDP election: Takaichi win would have 'biggest implications' on BOJ policy, strategist saysMitul Kotecha, Barclays' head of FX and emerging markets macro strategy in Asia, says there would be pressure on the Bank of Japan to hike rates "less aggressively than would've been anticipated" or even a "delay in a January move."

Persons: Takaichi, Mitul Kotecha, would've Organizations: Barclays, Bank of Japan Locations: Asia

☆ What Jamie Dimon thinks about junior bankers with hush-hush private-equity jobs
▼ + stars: | 2024-09-23 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Last week, JPMorgan Chase CEO Jamie Dimon lashed out at investment bankers in training who quietly accept future-dated jobs with buyout firms. In the past, such recruiting tactics often took place after newbie investment bankers got some experience under their belts. Related storiesLast year's private-equity recruiting cycle kicked off while many bankers were still in training for their first full-time jobs after college. In August, JPMorgan issued a warning to incoming investment bankers about the risks of accepting hush-hush jobs with private-equity firms, including potential termination. AdvertisementIn the August letter, JPMorgan warned that future-dated jobs with a private-equity firm could present conflicts of interest for the bank.

Persons: —, Jamie Dimon, Dimon, hadn't Organizations: Service, JPMorgan, Georgetown University, Street's, Business, Georgetown

☆ Republicans are defying Trump's demand to force a government shutdown before the election
▼ + stars: | 2024-09-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Yet Johnson, and any other Republican who votes for this bill, will be quietly defying Trump's wishes just weeks before the 2024 election. In essence, Trump asked Republicans to threaten a government shutdown over the provision. Yet when the continuing resolution with the SAVE Act came up for a vote last week, it failed, with 14 Republicans voting against it. Many Republicans simply don't want to have this fight right nowDespite Trump's push, Republicans on Capitol Hill understand that actually following his lead would be reckless. It's certainly possible that most Republicans will vote against Johnson's new government funding bill.

Persons: —, Mike Johnson, Donald Trump, Johnson, Trump's, Trump, Mitch McConnell, It's, isn't, Joe Biden's Organizations: Service, Business, Republican, Republicans, Capitol, Social, SAVE Locations: It's

☆ Here’s what could knock the stock market’s momentum
▼ + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.

Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America

☆ Luxury stocks slip as fears grow of a prolonged downturn
▼ + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLONDON — European luxury stocks tumbled on Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. "Following the post-Covid peak in consumption in 2022, luxury sector revenues have been sequentially slowing. Across European luxury firms, they expect a 1% revenue decline in 2024. The Stoxx Europe Luxury 10, an index tracking top names in the sector, managed to hold flat but has fallen 3.82% in the year to date. 'Prolonged period of weakness'They're not alone in their bearish view on Europe's luxury sector.

Persons: Hugo Boss, Germany's Hugo Boss, Burberry, Kering, Hermes, Jon Cox, Kepler Cheuvreux, CNBC's, Cox Organizations: Hugo, Hugo Boss AG, Bloomberg, Getty, Bank of America, Korean, BofA Securities, Kepler, U.S, CNBC, Burberry Locations: Shanghai, China, American, Europe

☆ Ukraine's strike on a missile storage facility destroyed enough ammo to impact Russian attacks for months, experts say
▼ + stars: | 2024-09-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Ukraine struck a Russian missile storage facility in Russia's Tver region last week. Analysts said it destroyed enough ammo to impact Russian attacks for two to three months. The Institute for the Study of War said more strikes would cause operational pressures for Russia. AdvertisementUkraine's strike on a Russian missile storage facility in Russia's western Tver region destroyed enough ammunition to impact Russian attacks for months, military analysts said. The Institute for the Study of War made the assessment in an update on Sunday, based on Estonian estimates.

Persons: —, Ants Kiviselg Organizations: Analysts, Service, Estonian Defense Forces Intelligence Center, Business Locations: Ukraine, Russian, Russia's Tver, Russia, Russia's, Tver, Toropets

☆ Croft: We haven't seen major disruptions, but conflicts could impact markets.
▼ + stars: | 2024-09-23 | 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 EmailCroft: We haven't seen major disruptions, but conflicts could impact markets. Helima Croft, RBC Capital Markets' Head of Global Commodity Strategy, highlights rising oil prices and geopolitical risks related to Iran and Hezbollah that are "not fully priced in." She notes that while energy supplies remain stable, conflicts could impact markets.

Persons: Helima Croft Organizations: RBC Capital Markets, Global Commodity Locations: Iran

☆ Microsoft’s first-mover advantage in AI is fading. Why we’re OK with that
▼ + stars: | 2024-09-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Amazon , Meta Platforms and Apple are eating away at Microsoft's once-sizable lead in the heated artificial intelligence arms race, according to D.A. Early investments in ChatGPT creator OpenAI gave Microsoft the first-mover advantage in the AI race. Davidson analysts praised Amazon, Meta, and Apple as their top three. AMZN YTD mountain Amazon YTD In particular, D.A. META YTD mountain Meta Platforms YTD As for Meta, the Club sees potential in how AI helps boost user engagement with its chatbot baked into Facebook, WhatsApp and Instagram.

Persons: Davidson, Jim Cramer, Jim, it's, Gross, OpenAI, Copilot, That's, D.A, Mike Sievert, Jim Cramer's, Adam Gray Organizations: Microsoft, Big Tech, D.A, Apple, Club, Services, AWS, Amazon, Meta, Facebook, Mobile, Apple Intelligence, CNBC, Getty Locations: Microsoft's, Redmond, Washington, D.A, San Francisco, New York City

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