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☆ Trump’s ties to far-right activist alarm GOP: From the Politics Desk
▼ + stars: | 2024-09-13 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

In today’s edition, we explore how far-right activist Laura Loomer's access to Donald Trump is worrying his Republican allies. Plus, "Meet the Press" moderator Kristen Welker dives into the questions Kamala Harris and Trump danced around at the debate. One one side of the GOP, Sen. Lindsey Graham of South Carolina said Thursday that Loomer is “really toxic” and shouldn’t be in Trump’s circle. Sen. Thom Tillis of North Carolina on Friday called Loomer “a crazy conspiracy theorist” who was hurting Trump’s chances in the election. Because your running mate JD Vance has said that you would veto if it did come to your desk.

Persons: Laura Loomer's, Donald Trump, Kristen Welker, Kamala Harris, Trump, Laura Loomer’s, Jonathan Allen, Julie Tsirkin, Vaughn Hillyard, Laura Loomer —, Loomer, don’t, Sen, Lindsey Graham of, Thom Tillis, ”, Marjorie Taylor Greene, —, Harris, “ Everybody’s, “, Laura, Laura — she’s, Read, Henry J, Gomez, Brandy Zadrozny, Allan Smith, JD Vance, Vance, Linsey Davis, JD —, David Muir, ’, Joe Biden, Biden, “ Donald Trump Organizations: NBC, White House, Capitol, Republican, Trump, stoke, Republicans, U.S, GOP, Indian, Nazi, Facebook, “, Press, ABC, JD, U.S . Capitol Locations: Loomer, Springfield , Ohio, Lindsey Graham of South Carolina, North Carolina, Georgia, Indian American, Springfield, Columbus, Ohio, Gab, Ukraine, Russia, U.S, Afghanistan

No one can keep former President Donald Trump away from Laura Loomer. A senior official from Trump’s 2020 campaign team said that helps explain why Loomer is no longer being kept at arm’s length. “Senator Graham is working tirelessly day and night to help re-elect President Trump,” Graham communications director Taylor Reidy responded in a statement to NBC News. Loomer is “not a member of our staff,” said a Trump campaign aide, who asked to remain anonymous. I don’t work for President Trump.”Last year, she said she would "gladly" serve as press secretary in a Trump White House.

Persons: Donald Trump, Laura Loomer, Loomer, Kamala Harris, Loomer’s, Marjorie Taylor Greene, Sen, Lindsey Graham, Graham, Corey Lewandowski, —, Trump, Harris, Greene, President Trump, ” Graham, Taylor Reidy, ” “, Joe Biden’s, ”, Hakeem Jeffries, “ Donald Trump, Joe Biden, “ Everybody’s, “ Organizations: stoke, Trump, NBC News, Republican, Congress, Indian, House, ”, Trump White House, Democrats, NYPD, FDNY, “ Locations: Loomer, Congress, Springfield , Ohio, Indian American, Greene, D

“In Springfield they’re eating dogs,” the former president said, referring to an Ohio city dealing with an influx of Haitian immigrants. On Sept. 6, there were 1,100 posts on X mentioning Haitians, migrants or immigrants eating pets, cats, dogs and geese, according to PeakMetrics, a research company. The Springfield rumor “made it to his desk. Another source close to Trump’s campaign said Trump and Vance did not discuss the Springfield issue ahead of the debate. “I don’t know what he was thinking,” a different Trump ally said of his choice to bring up the Springfield rumor unprompted.

Persons: Donald Trump, —, Kamala Harris, Sen, JD Vance, Ohio, ” Tim Murtaugh, Trump, Harris, ”, ” Sen, Lindsey Graham, ” Graham, Elon Musk, Vance, ” Vance, “, MAGA, David Muir, ” Rep, Byron Donalds, Laura Loomer, ” Loomer, ” “, “ It’s Organizations: “, Trump, NBC News, White, CNN, Nazi, Facebook, Springfield, Springfield News, NBC, ABC News, ” Locations: Springfield, Ohio, Trump, South Carolina, Columbus, Gab, Springfield Ohio, Springfield , Ohio, Clark County , Ohio, NatCon, United States, Florida, America

☆ The illegal maneuvers the rich use to get richer
▼ + stars: | 2024-09-13 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

Read previewTax evasion, insider trading, and money laundering. "There are routine categories of illicit acts that wealthy individuals often endeavor out of sheer greed," Matthew Barhoma, a Los Angeles defense attorney, told Business Insider. Insider trading is 'rampant' among some wealthy circlesAnother common unlawful method that some of the rich use to get richer is insider trading, according to the attorneys. Like insider trading, money laundering — a process used to conceal the source of illegally obtained cash — is another illicit tactic used by some wealthy individuals, according to the defense attorneys. "Having dealt a lot with people who devise these kinds of fraudulent financial transactions, I will say that many of them are absolutely brilliant," said Ressler.

Persons: —, Todd, Julie Chrisley, Chrisley, Mike, Matthew Barhoma, Barhoma, Tama Kudman, they've, Mark Ressler, he's, Uncle Sam, Kasowitz Benson Torres, it's, Kudman, Ressler Organizations: Service, Business, United States Treasury Department, Treasury Department, Defense, New Locations: —, Los Angeles, Switzerland, Cayman, New York City

☆ Cramer's week ahead: Fed rate decision, earnings from Darden and Cracker Barrel
▼ + stars: | 2024-09-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's top Wall Street action, highlighting a long-awaited interest rate decision from the Federal Reserve and earnings from restaurant chain companies Darden and Cracker Barrel. Investors are broadly expecting the central bank to issue a rate cut but are unsure whether it will be by 25 or 50 basis points. Cramer said he's betting on the former, saying he thinks the Fed should be measured when making cuts and not risk an inflation flareup. He added that he thinks the stock is a bargain, but cautioned that Wall Street tends to sell stocks from that sector when the Fed cuts rates. On Thursday, Olive Garden-parent Darden , Cracker Barrel and FedEx are set to report.

Persons: CNBC's Jim Cramer, Cramer, There's, he'll, Mills, Olive Organizations: Federal Reserve, Darden, Fed, Commerce Department, FedEx

☆ Foot Locker CEO says 'brick and mortar is never going to be dead'
▼ + stars: | 2024-09-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Foot Locker CEO Mary Dillon told CNBC's Jim Cramer on Friday that both physical stores alongside online shopping remain important in the retail sector. "Brick and mortar is never going to be dead, and you have to invest in your stores to make them exciting for your customers," she said. Dillon, who served as the CEO of Ulta Beauty before taking the reigns at Foot Locker two years ago, has focused on improving the company's stores and strengthening brand partnerships. Dillon said the Foot Locker plans to have two thirds of its stores "refreshed" by the end of 2025. She added that some of the new stores feature technology to help figure out customers' shoe sizes, which creates a "fun digital experience."

Persons: Mary Dillon, CNBC's Jim Cramer, Dillon, Locker Organizations: National Basketball Association, Nike

☆ Cramer's Lightning Round: Motorola Solutions 'just coins money'
▼ + stars: | 2024-09-13 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Motorola Solutions : "This is a company that does two-way radios, it does bar codes, it does lots of government infrastructure, and it just coins money." Domino's Pizza : "...Domino's itself did screw up. They didn't know that they had a weak franchise that was missing its numbers from overseas, and that caused people to think that, wait a second, maybe they're not as in control of their destiny as we thought. And that's why the stock's going down, and that is an actual worry for me too.

Persons: Domino's Organizations: Motorola Solutions

In the first college admissions process since the Supreme Court struck down affirmative action last year, Asian American enrollment at the most prestigious U.S. schools paints a mixed, uneven picture. Columbia University — which, unlike the other Ivies, groups Pacific Islanders with Asian Americans — saw an increase of nine percentage points in its enrollment of Asian American applicants, while Brown saw an increase of four percentage points. It doesn’t mean that race is entirely ruled out of the admissions process, however. Poon, who is the author of “Asian American is Not a Color: Conversations about Race, Affirmative Action, and Family,” said that with race masked in the admissions process, concerns around biases are actually more prevalent. And it’s going to be difficult to determine, for example, why there were drops in Asian American enrollment at some schools as well.

Persons: ”, OiYan Poon, ” Poon, —, Brown, St . Louis, Edward Blum, Hopi Hoekstra, ” Hoekstra, Jonathan Palumbo, Whitney Soule, Dartmouth —, John Roberts, ” Julie J, Poon Organizations: Ivy League, Yale, Princeton, Harvard, University of Illinois, Columbia University —, Pacific Islanders, MIT, Amherst College, Washington University, Conservative, Fair, NBC News, ” Harvard, of Arts and Sciences, Harvard Crimson, ”, University of Pennsylvania, — Cornell, Dartmouth, University of North, University of Maryland, Universities, Federal Student Aid, NBC Asian Locations: U.S, Columbia, Brown, University of Illinois Urbana, Champaign, St ., University of North Carolina, NBC Asian America

☆ Venezuelan opposition leader María Corina Machado tells Sen. Ben Cardin the fight against Nicolás Maduro will go on
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Julie Tsirkin | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Venezuelan opposition leader María Corina Machado told Senate Foreign Relations Chairman Ben Cardin on Wednesday that support from the United States is a “moral reference” for those protesting the government of President Nicolás Maduro, according to a summary of the call obtained first by NBC News. A bipartisan group of senators, including Cardin, issued a joint statement supporting the opposition before the call took place Wednesday. The call with Cardin was the first time Machado has spoken with a U.S. official since González’ exile. Despite that, and the exile of González, Machado insisted that her opposition campaign is still strong and reiterated that Venezuelans are united. “If all Venezuelans that are abroad or young people that were not allowed to register had voted, the result would have been 90 to 10,” against Maduro, Machado said on the call.

Persons: WASHINGTON, María Corina Machado, Ben Cardin, Nicolás Maduro, ” Machado, Cardin, Machado, Maduro, Edmundo González, González, “, ”, ” Sen, Maria Corina Machado, Ben Cardin’s, ” Cardin Organizations: Foreign, NBC News, U.S, Electoral Council, Sunday, Human Rights Watch, . Refugee Agency, Maduro Locations: Venezuelan, United States, D, Venezuela, Spain

☆ Jim Cramer lists 3 tech CEOs he's giving 'the benefit of the doubt'
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday listed the CEOs he trusts even when the market doesn't, primarily naming executives from top tech companies. Cramer said investors shouldn't doubt solid companies every time a negative data point surfaces. Cramer said he's giving Amazon 's Andy Jassy, Broadcom 's Hock Tan and Nvidia 's Jensen Huang "the benefit of the doubt." Tech stocks can be hampered by investors who don't completely understand the companies' operations or trajectories, according to Cramer. "In tech, the complexity is such that Wall Street often reaches conclusions that have little to do with reality."

Persons: CNBC's Jim Cramer, Cramer, he's, Andy Jassy, Hock Tan, Jensen Huang Organizations: Dow Jones Industrial, Nasdaq, Broadcom, Nvidia, Amazon Locations: Tan

☆ I hired a stylist to help me show up as my best self at work. It's an investment in my career that's 100% worth it.
▼ + stars: | 2024-09-12 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

I wanted to feel empowered in those situations, and I fully believe that if you look like a mess, you feel like a mess. I hired a stylist for about $100 when I got professional headshots, but I returned to just being me right after. I'm speaking more, I'm on TV more, and I'm going to more events. AdvertisementIt's become hard to deny the ripple effect of having a stylist on my business. He was hesitant when I first hired a stylist, but he was fully supportive when he saw how I looked and felt.

Persons: Sabina Hitchen, I'd, they'd, Julie Kraus, She's, I've, lacy, Tuckernuck, Julie, It's Organizations: Service, Press, Business, Morning America, Google Locations: New York

☆ American Airlines flight attendants ratify new contract with immediate raises topping 20%
▼ + stars: | 2024-09-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines flight attendants approved a five-year labor deal, ending one of the industry's most contentious contract negotiations and giving cabin crews raises of up to 20.5% at the start of October. Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls closed. Flight attendants are the biggest unionized work group at the Fort Worth-based airline. "Reaching an agreement for our flight attendants has been a top priority, and today, we celebrate achieving this important milestone," American CEO Robert Isom said in a statement. United Airlines and its flight attendants' union are still negotiating for a new contract, while Alaska Airlines cabin crew members recently rejected a tentative labor deal.

Persons: Julie Hedrick, Pete Buttigieg, Julie Su, Robert Isom Organizations: Association of Professional, Fort Worth International, American Airlines, Fort, Transportation, Labor, National, United Airlines, Alaska Airlines, Boeing Locations: Dallas, DFW, Dallas , Texas, Fort Worth, Hollywood

☆ Signet Jewelers CEO talks 'cautious' consumers looking to get engaged
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Thursday interview with CNBC's Jim Cramer, Signet Jewelers CEO Gina Drosos described the mood of consumers looking to buy engagement rings, saying demand is there, but many are more judicious when picking out diamonds. "We thought that engagements might come back a little faster, but there is a cautious consumer," Drosos said. She added that "newness" accelerated during the quarter, and customers are responding well to new products like sculpted gold. On the conference call, Drosos said Signet saw a 50% increase in revenue from new merchandise. Signet reported a mixed quarter before Thursday's open, with management optimistic about the momentum of same-store sales.

Persons: CNBC's Jim Cramer, Gina Drosos, Drosos, Jared, Zales, Kay Jewelers, Signet Organizations: Signet, Google

☆ American Airlines flight attendants ratify new contract with the carrier
▼ + stars: | 2024-09-12 | by ( ) edition.cnn.com time to read: +1 min

Reuters —American Airlines flight attendants have ratified a new five-year contract with the airline, the Association of Professional Flight Attendants (APFA) said on Thursday. With 95% of eligible flight attendants voting, 87% were in favor of the new deal, the union said. Flight attendants have also urged an end to the industry practice of not compensating crews for the time spent during boarding and waiting at the airport before and between flights. “Among the many improvements, the contract includes a new sit rig for compensation for long sits between flights, and American Airlines Flight Attendants become the first unionized workgroup to lock in pay for boarding,” APFA National President Julie Hedrick said. In addition to industry-leading wage rates, the new labor deal includes out-year wage increases and addresses many quality-of-life issues that the flight attendants have been advocating for, the union said.

Persons: ”, Julie Hedrick Organizations: Reuters — American Airlines, Association of Professional, American Airlines Flight

☆ Harris campaign seizes on abortion exchange in Tuesday’s debate in new ad
▼ + stars: | 2024-09-12 | by ( Priscilla Alvarez | Donald Judd | ) edition.cnn.com time to read: +3 min

Washington CNN —The Harris campaign is launching a new abortion-focused ad Thursday, capitalizing on what officials believe was one of the most pivotal exchanges between Vice President Kamala Harris and former President Donald Trump during Tuesday’s presidential debate. Harris’ team prepared the vice president to confront Trump on nationwide abortion restrictions. The newly released ad includes both candidates’ responses on abortion on the debate stage. Harris, in response, ran through personal stories of women struggling to get health care while navigating abortion restrictions. Harris campaign officials spent Wednesday poring over footage of the debate to identify key moments to put into new campaign TV and digital ads, according to the campaign, seeking to amplify what they perceive to be the strongest debate exchange.

Persons: Harris, Kamala Harris, Donald Trump, Harris ’, Trump, “, ” Trump, Roe, Wade . Harris, ”, Walz, Julie Chavez Rodriguez, Joe Biden, Mark Robinson ., Roy Cooper, CNN’s Jeff Zeleny, Cooper Organizations: Washington CNN, Trump, GOP, Mark Robinson . North Carolina Democratic Gov, Labor Locations: Arizona, Nevada, North Carolina, Philadelphia

☆ Cramer's Lightning Round: Garmin 'is going higher'
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon CommScope's year-to-date stock performance. CommScope : "The stock has been on a real tear, and you know what, I don't know why. Stock Chart Icon Stock chart icon IonQ's year-to-date stock performance. Stock Chart Icon Stock chart icon Garmin's year-to-date stock performance. Stock Chart Icon Stock chart icon MongoDB's year-to-date stock performance.

Persons: I've Organizations: Garmin

☆ Jim Cramer says GameStop feels like a 'massively overvalued' SPAC
▼ + stars: | 2024-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday told investors that GameStop increasingly feels like a special purpose acquisition company as the videogame retailer's primary business struggles, but it still manages to raise cash. "Doesn't have to be a full plan, could be the mere idea of a plan, but so far, GameStop doesn't even have that — or if they do, they sure haven't shared it with us." The company managed to turn a profit due to interest on the $4.2 billion it has in cash, not underlying business. He agreed with an analyst from Wedbush who suggested the company close its physical stores and operate as a bank. "Ultimately, GameStop's always vulnerable to a short squeeze because, based on whatever nonsense the memesters can temporarily cook up," Cramer said.

Persons: CNBC's Jim Cramer, haven't, Wednesday's, Cramer, it's, Wedbush, he's, GameStop's Organizations: Wednesday, GameStop

☆ Cramer's Lightning Round: PayPal is a buy
▼ + stars: | 2024-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Rivian : "Rivian's got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon."

Persons: Rivian's, you've, it's

☆ Cramer says to 'keep it simple' and celebrate any Fed rate cut as nerves run high
▼ + stars: | 2024-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"I say keep it simple: Rate cuts are good," he said. "Small rate cuts are great, because they project confidence and give you a lot more rat cuts later on, and they do not allow for panic." While overall inflation declined to its lowest level since February 2021, one key metric rose slightly more than expected, disappointing some who hoped the Fed would make a 50 basis-point rate cut instead of a 25 basis-point cut. He stressed that even a smaller rate cut than hoped would be positive for many businesses. But Cramer stressed the palpable tension on Wall Street does not set the stage for any steadfast conclusions.

Persons: CNBC's Jim Cramer, Cramer, Jensen Huang's, Morgan Organizations: Federal, Dow Jones Industrial, Nasdaq, Nvidia, Broadcom, Fed

Former President Donald Trump said he plans to vote yes on a ballot measure in Florida to legalize marijuana, his clearest stance so far on the issue. He wrote that arrests for marijuana possession of "personal amounts" waste taxpayers' dollars and suggested that the ballot measure would help prevent deaths from fentanyl-laced marijuana. If passed, the ballot measure would permit residents over 21 to possess, buy or consume marijuana recreationally. Ron DeSantis opposes the marijuana ballot measure and most congressional Republicans have in recent years voted against bills to reform U.S. policy on marijuana. Trump last month seemed to signal some support for another ballot measure in Florida: one that would expand abortion access.

Persons: Donald Trump, ” Trump, “, Ron DeSantis, Sen, John Kennedy, I’m, Kennedy, Kevin Cramer, ” Cramer, Trump, Harris, Joseph Costello, Costello, ” Organizations: Florida Gov, Republicans, Trump, Newsmax, NBC News, Fox News Locations: Florida, North Dakota

☆ After Mondelez's gains, Cramer says wait to buy stock until the Fed cuts interest rates
▼ + stars: | 2024-09-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"But, longer term, a well-run snack food company is a great place to be." Mondelez stock jumped over the past few weeks, now up more than 4% since the beginning of September, according to FactSet. To Cramer, Wall Street has embraced recession-proof food companies like Mondelez as investors worry about an economic slowdown. Lower rates makes these stocks "go out of style in the Wall Street fashion show," he added. He also expressed concerns about the effect of GLP-1 weight loss drugs on snack food companies as a whole.

Persons: CNBC's Jim Cramer, Cramer, Wall, Dirk Van de, Mondelez, Van de Organizations: Federal Reserve, Mondelez, Cadbury, Ritz, Fed, Bloomberg Locations: Mondelez

☆ Jim Cramer breaks down the trends affecting tech and bank stocks right now
▼ + stars: | 2024-09-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reviewed Tuesday's market action and asserted that tech stocks are easier to own for the long term while bank stocks suffer as the market broadens and experiences "economic choppiness." "You simply can't bank on the bank stocks right now, hence why the great broadening out is indeed fraught with risk," he said. "Meanwhile, tech may be torturous to own on a day-to-day basis, but long-term it's a cornucopia of rewards." He said many of these tech companies have lasting, secular themes, adding that any business related to data centers has "tremendous pin action." We don't have to play an interest rate guessing game with tech because the Fed is tangential."

Persons: CNBC's Jim Cramer, Daniel Pinto backtracked, Cramer, Jay Powell Organizations: JPMorgan, Federal, Dow Jones, Nasdaq, Big Tech, Nvidia, AMD, Microsoft, Oracle

☆ Cramer's Lighting Round: 'I'm going to say no' to Citigroup
▼ + stars: | 2024-09-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Citigroup's year-to-date stock performance. Stock Chart Icon Stock chart icon IES's year-to-date stock performance. Stock Chart Icon Stock chart icon IBM's year-to-date stock performance. Stock Chart Icon Stock chart icon Exxon Mobil's year-to-date stock performance. Stock Chart Icon Stock chart icon Alpha Metallurgical Resources' year-to-date stock performance.

Persons: Arvind Krishna Organizations: Citigroup, Citi, IBM, Parts, Exxon, Exxon Mobil, Alpha Metallurgical Resources

☆ Jim Cramer says the Fed is likely to make a rate cut next week
▼ + stars: | 2024-09-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday suggested the Federal Reserve will make a rate cut at its meeting next week, a move that investors have eagerly awaited for some time. We're almost certain to get a rate cut at next week's meeting." The market seemed to recover on Monday following its worst week of 2024 so far, with investors hopeful a rate cut will aid the economy. Cramer reviewed the recent market action, saying Wall Street had not been behaving as it should with rate cuts just on the horizon. "Rather than trying to figure out what's driving these irrational moves, you should focus on buying dips in high-quality stocks," he said.

Persons: CNBC's Jim Cramer, payrolls, Cramer Organizations: Reserve, Fed, Dow Jones, Nasdaq

☆ Jim Cramer names chip stocks to buy on the dip
▼ + stars: | 2024-09-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday recommended three chip stocks to buy at a discount: Micron , AMD and Arm . "I think the chip stocks have sold off way too hard," he said. The chip sector has retreated in recent weeks, with SMH , a prominent semiconductor exchange-traded fund, down more than 18% from its 52-week high in July, according to FactSet. Micron : Cramer called Micron "the market leader in memory chips," and said the hyperscalers building out data centers need memory. He added that he thinks the stock is currently cheap based on its earnings estimates for the next fiscal year.

Persons: CNBC's Jim Cramer, FactSet, Cramer, —, stoking, AMD's Organizations: Micron, AMD, Nvidia, Apple

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