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Rancho Palos Verdes, California CNN —Former President Donald Trump said Friday that he doesn’t control far-right agitator Laura Loomer, whom he described as a “free spirit” and “supporter.”“Laura’s been a supporter of mine, just like a lot of people are supporters, and she’s been a supporter of mine. I’m not sure why you asked that question, but Laura is a supporter. Pressed by Holmes that it’s his allies who have expressed concern, Trump said, “Look, I can’t tell Laura what to do. She’s got strong opinions, and I don’t know what she said, but that’s not up to me. She’s a supporter,” Trump said.
Persons: Donald Trump, Laura Loomer, ” “ Laura’s, she’s, I’m, Laura, ” Trump, Kristen Holmes, Holmes, Trump, , She’s, that’s, , I’ll, Loomer, Kamala Harris, Marjorie Taylor Greene Organizations: Rancho Palos, Rancho Palos Verdes , California CNN Locations: Rancho Palos Verdes , California, Southern California, Philadelphia
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. Boeing CFO Brian West said a labor strike that began Friday will hurt aircraft deliveries and "jeopardize" the company's recovery, hours after factory workers overwhelmingly rejected a new labor contract and walked off the job. West said the financial impact of the strike will depend on how long it lasts, but that it will affect the company's production of its bestselling planes. Jefferies aerospace analyst Sheila Kahyaoglu had previously estimated that a 30-day strike could be a $1.5 billion hit for Boeing. But workers had been looking for raises of 40% and argued that it didn't cover the increased cost of living.
Persons: Brian West, West, Sheila Kahyaoglu, Kelly Ortberg Organizations: IAM, Hall, Boeing, Max, Jefferies, International Association of Machinists, Aerospace Workers Locations: Seattle , Washington, US
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer said earlier Friday that Nvidia received a do-over from Wall Street . 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, Nvidia, Financials, Love, Lilly, Eli Lilly, Lilly's, haven't, that's, Jim Cramer's, Jim Organizations: CNBC, Tech, Nvidia, Broadcom, Wall, Federal, Energy, Citi, and Drug Administration, Fed, Market, Jim Cramer's Charitable Locations: Ireland, Kisunla, U.S, Europe
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are around 5.70% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates finally dipped below 5% this week, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates have also been lower in September. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: Jerome Powell's, you'll, they've, Freddie Mac, it's, They'll Organizations: Federal Reserve, Zillow, Fed Locations: Chevron
The president has long resisted calls from Ukrainian officials to ease restrictions on the weapons. “We’re working that out right now,” Biden said when questioned this week whether he would permit Western-provided long-range missiles to target military sites like airfields, missile launchers, fuel tanks and ammunition depots inside Russia. Still, that the conversation over long-range weapons is happening at all is an indication of how stalled battlefield dynamics are causing western leaders to rethink their approach. The revelation that Iran has been providing Russia with ballistic missiles has changed the debate over Ukraine’s capabilities, Lammy said. Earlier in the week, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons.
Persons: Joe Biden, Biden, ” Biden, Friday’s Biden, Starmer, Vladimir Putin, Putin, Volodymyr Zelensky, Antony Blinken, , it’s, we’ll, ” Blinken, Andrii Sybiha, David Lammy, Lammy, Defense Lloyd Austin, ” Austin, Ukraine’s, Sen, Ben Cardin, Jeanne Shaheen of, ” Shaheen, Organizations: Washington CNN, British, White, US, Army Tactical Missile Systems, Ukrainian, National Security, Labour Party’s, NATO, Defense, Ukraine Defense Contact Group, Defense Department, Ukraine “, Senior, Senate Foreign Relations, Biden, Republican Locations: Ukraine, Russia, Ukrainian, United Kingdom, Kyiv, France, Iran, Western, Kursk, Washington, Russian, United States, British, Germany, Crimea, Ben Cardin of Maryland, Jeanne Shaheen of New Hampshire
The Fed is expected to cut rates multiple times this year and in 2025, which means mortgage rates should continue decreasing. Will mortgage rates drop when the Fed cuts rates? If he or other Fed officials indicate that bigger rate cuts could be coming, mortgage rates may inch down. How Fed rate cuts affect mortgage ratesChanges to the federal funds rate don't directly impact mortgages, but mortgage rates tend to trend up when the Fed raises rates and go down when it lowers rates. The Fed could lower rates substantially by the time we reach the 2025 buying season, which means mortgage rates may be a lot lower, too.
Persons: Freddie Mac, Dan Burnett, Burnett, Jerome Powell, Powell, Fannie Mae, Scott Haymore Organizations: Fed, Federal Reserve, Housing Survey, TD Bank
ET, the yield on the 10-year Treasury was down by over four basis points to 3.6364%. The 2-year Treasury yield was last more than six basis points lower to 3.5824%. Attention began to turn to the Federal Reserve meeting next week at which the central bank is widely expected to cut interest rates. Traders were last pricing in a 59% chance of a 12-basis-point rate cut and a 41% probability of a 50-basis-point reduction, according to CME Group's FedWatch tool. The Fed's meeting is set to begin Tuesday before concluding Wednesday, with the interest rate decision and a post-meeting press conference.
Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, Traders, PPI, Dow
Shares of Trump Media shot up by more than 25% on Friday, minutes after majority owner Donald Trump said he is not selling his stake. Trump said that Truth Social, the Twitter-like social media platform owned by Trump Media, is "great for me," adding that his stake is still worth more than $1 billion. I'm not going to sell my shares," he said. Analysts have said that investing in Trump Media has become a way for Trump's fans to support him or bet on his political fortunes. The company fell to its post-merger low point this week amid concerns that Trump might start selling his shares once he is free to do so.
Persons: Donald Trump, Trump, I'm, it's, — CNBC's Josephine Rozzelle Organizations: Republican, Trump National Golf Club Los, Trump Media, Nasdaq, SEC Locations: Rancho Palos Verdes , California, California
Economists Ed Hyman is backing off his call for a hard landing, even though he still sees the potential for a recession ahead. "History and experience say to stick with a hard landing outlook," he said in a client note Thursday. "However, the hard math that our team has reviewed says flip to a soft landing outlook. "In our view, arguments for a hard landing are still persuasive," Hyman wrote. "So this flip could be a mistake," Hyman wrote.
Persons: Ed Hyman, Hyman, Ally, Russell Hutchinson, it's Organizations: ISI, Atlanta Federal Reserve, JPMorgan Chase, Federal Reserve Locations: New York
The one time she didn't join me was the honeymoon I spent with my former husband in 2008. I never went on vacation with girlfriendsBefore and after my marriage, I spent every break with the people who raised me. Around his mid-50s, he decided he didn't like traveling much and generally preferred to stay at home. But Mom went ahead and enjoyed herself, thinking it was funny. Meanwhile, I'm turning 44 in November and have decided to celebrate with a trip to Bali.
Persons: , Minreet Kaur, I'd, I've, Kaur, We've, Mom, I'm Organizations: Service, Business Locations: Sri Lankan, Kandy, North Wales, Canada, India, Europe, Valencia, Las Vegas, Abu Dhabi, Cyprus, Sri Lanka, Japan, Bali
CNN —Pope Francis on Friday described the choice US voters must make in the presidential election as one between the “lesser of two evils,” deeming former President Donald Trump’s anti-migrant policies and Vice President Kamala Harris’ support of abortion rights as both being “against life.”“One must choose the lesser of two evils. Who is the lesser of two evils? I don’t know,” Francis said during a press conference on the papal plane, referring to Harris and Trump. To send away a child from the womb of the mother is an assassination, because there is life. This is a breaking news story and will be updated.
Persons: Pope Francis, Donald Trump’s, Kamala Harris ’, , ” Francis, Harris, Trump, Francis Organizations: CNN, Friday, Catholic Church
As a frequent traveler, I get a lot of value out of reaching elite status with Delta. Maximizing my points and miles with my travel credit card means I can travel more. You can earn $1 MQD per $1 spent on Delta flights, but you can earn more with a Delta credit card. Rewards Credit Cards The best rewards credit cards can be a great way to earn cash back or travel rewards on your everyday purchases. Popular cards include the Chase Sapphire Preferred card and the Bank of America Travel Rewards card.
Persons: , we're, I've, Felipe Carrillo Organizations: Delta, Service, Diamond, Delta Medallion, American Express, Delta Sky Club, Delta Reserve, Chase, Bank of America, Felipe Carrillo Puerto Airport Locations: Tulum, New Zealand, Delta, New York, Hawaii, Yucatan
CNN —Manchester City manager Pep Guardiola said he is “happy” that a hearing into the club’s more than 100 alleged breaches of the Premier League’s financial rules will begin soon. In May 2023, Guardiola said: “What I would like is that the Premier League or the judges could make [a decision] as soon as possible. City has won the Premier League eight times and the Champions League once since it was acquired by The Abu Dhabi United Group in 2008. Neither City nor the Premier League would comment on the hearing when contacted by CNN. The hearing over the over 100 alleged charges is not the only dispute between City and the Premier League.
Persons: Pep Guardiola, , ” Guardiola, , Guardiola, Michael Regan, Khaldoon Al Mubarak, Richard Masters Organizations: CNN, Manchester City, Premier, Premier League, Citizens, Brentford, Champions League, Abu Dhabi United Group, Getty Images, Sport, City, UEFA, The Times Locations: City
30A is an up-and-coming beach area in Florida that's being called "the Hamptons of the South." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've lived in Florida for eight years but only recently heard of 30A, a growing travel hot spot in the Florida panhandle. 30A is known for its white-sand beaches, stunning views of the blue-green Gulf of Mexico, and charming little beach towns.
Persons: , I've Organizations: Hamptons, Service, Business Locations: Florida, Panama City, Destin, Mexico
Justin Timberlake pleaded guilty to driving while impaired — a noncriminal traffic violation. The judge initially said the plea was "surprisingly favorable" to Timberlake. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJustin Timberlake took a plea deal in his DWI case — and warned others against driving while intoxicated. The judge ordered Timberlake to volunteer for 25 hours of community service, as well as make a public-safety announcement, CNN said.
Persons: Justin Timberlake, Timberlake, , Edward Burke Jr Organizations: Service, CNN, Business
The S&P 500, Nasdaq 100, and Dow Jones all posted gains amid rate cut speculation. Odds of a 50 basis point cut rose sharply this week from about 30% to 49%. The S&P 500 and Nasdaq 100 notched a five-day win streak, while the Dow Jones Industrial Average surged almost 300 points. Odds are split 49% / 51% for a 50 basis point or 25 basis point rate cut, respectively. Advertisement"A less aggressive Fed rate outlook could spark some volatility given market expectations," Adam said.
Persons: Dow Jones, , Raymond James, Larry Adam, Adam Organizations: Nasdaq, Service, Federal Reserve, Dow Jones, Dow, Open, Fed, Markets
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Wall Street appears to have given Nvidia a mulligan. A number of positive headlines around AI demand have lifted Nvidia and other stocks that benefit from the adoption of the buzzy tech. "There's kind of a do-over in terms of what happened with [CEO Jensen Huang], what happened with Nvidia," Cramer said on "Squawk on the Street," referring to the response to its much-ballyhooed earnings report Aug. 28 . The Investing Club also has a stake in Broadcom, which like Nvidia had been punished after its recent earnings report. Advanced Micro Devices , another AI chipmaker, and Eaton , which makes electrical equipment used in the expanding data center market, have added about 13% and 7%, respectively, this week.
Persons: CNBC's Jim Cramer, That's, Jensen Huang, Cramer, Larry Ellison, Ellison, Goldman Sachs, Huang, Nvidia's, CNBC's Megan Cassella, Blackwell Organizations: Nvidia, Charitable Trust, CNBC, Oracle, Blackwell, Broadcom, Devices, The Club, AMD, Eaton Locations: U.S, Eaton
New York CNN —Former President Donald Trump said Friday that he is not selling shares in his controversial social media company, an announcement that sent the stock prices skyrocketing. Trump and other insiders in Truth Social owner Trump Media & Technology Group will be free to sell shares as soon as next week when lock-up restrictions are set to expire. In late afternoon trading, Trump Media was up 19%. Regulatory filings indicate the lock-up period will expire as soon as the closing bell on September 19 if the closing share price remains above $12. Trump is the dominant shareholder in the Trump Media, owning 57% of the outstanding shares.
Persons: Donald Trump, Trump, ” Trump, I’m Organizations: New, New York CNN, Truth Social, Trump Media & Technology, Trump Media, Trump, White Locations: New York
Read previewThe US is moving toward a recession, as the economy is feeling the comedown after trillions of "unproductive" cash was pumped in during the pandemic, according to former Commerce Secretary Wilbur Ross. AdvertisementBut most of the stimulus cash wasn't deployed productively, Ross said, pointing to Americans who "immediately spent" their checks in a wild shopping spree. Related storiesStrength in the labor market was also partly distorted by stimulus cash, he suggested. Hiring has steadily slowed over the past year, with the unemployment rate triggering one long-running recession indicator with a perfect track record. Most economists still agree that the economy remains on solid footing, given the rapid pace of growth and historically low unemployment rate.
Persons: , Wilbur Ross, Trump, Ross Organizations: Service, Commerce, Bloomberg, Business, Conference, Investor
Oil prices extend recovery rally to cap volatile week
  + stars: | 2024-09-13 | by ( ) www.cnbc.com   time to read: +2 min
Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel by 0016 GMT. U.S. West Texas Intermediate crude futures rose by 38 cents, or 0.6%, to $69.35 a barrel. Official data showed nearly 42% of the region's oil output was shut-in as of Thursday. A shift towards lower-carbon fuels is also weighing on China's oil demand, speakers at the APPEC conference said this week. China's crude oil imports averaged 3.1% lower this year from January through August compared to the same period last year, customs data showed on Tuesday.
Persons: Phillips, Hurricane Francine, Brent, Francine Organizations: Brent, . West Texas, UBS, Organization of Petroleum, International Energy Agency, U.S . Energy, Administration Locations: Linden , New Jersey, United States, U.S . Gulf of Mexico, Louisiana, China, U.S
Leading technology stocks led an eye-popping rebound rally the past five days, driving a key ETF texchange traded fund to one of its best weeks in years. The Technology Select Sector SPDR Fund (XLK) surged 8.2% this week, the most since Nov. 11, 2022, when the fund gained 10.04%. XLK YTD mountain Technology Select Sector SPDR Fund (XLK) performance this year. Investors can thank a bounce back in megacap technology and semiconductor stocks this week that lifted all three major U.S. stock indexes. That alone suggests semiconductor stocks have lost their leadership status, at least for now, Turnquist said.
Persons: ChatGPT, Jensen Huang, Blackwell, Goldman Sachs, Adam Turnquist, Turnquist Organizations: texchange, Microsoft, Nvidia, Technology, Apple, Apple Watch, Semiconductor, Broadcom, LPL Financial, PHLX Semiconductor Locations: XLK
Handwritten notes from Justice Sandra Day O'Connor's papers on a major abortion case in 1989. The correspondence and notes foreshadow where O’Connor landed in the 1992 Planned Parenthood v. Casey case, when Justice Anthony Kennedy, hostile to Roe v. Wade in 1989, was ready to join O’Connor in upholding Roe. Accelerating the tensions all around was the time pressure of the Missouri case. O’Connor wrote that Kennedy said, “Roe is just flawed analytically” and that he wanted to “return this debate to democratic process” in the states. Library of CongressDraft opinion language from Justice John Paul Stevens he sent to Justice Sandra Day O'Connor.
Persons: Sandra O’Connor, eviscerate Roe, Wade, O’Connor, Roe, Antonin Scalia, William Rehnquist, Rehnquist, — Webster, Reproductive Health Services —, ” Rehnquist, Sandra Day, George H.W, Reagan, bristled, , Scalia, John Paul Stevens, Gerald Ford, Casey, Anthony Kennedy, Dobbs, Samuel Alito, Webster, Kennedy, “ Nino, ” Scalia, ” O’Connor, “ Roe, O’Connor’s, Roe “, Byron White, , Byron, Sandra, Nino, Tony …, White, Sandra Day O'Connor, Congress O’Connor, bemoaning, overruling Roe, ” Stevens, reexamine Roe, reconsidering Roe, Stevens, Stevens ’, inched, John . ”, , William Brennan, David Souter, Bush Organizations: CNN, Reproductive Health Services, Congress, Library, O’Connor, Stanford Law School, Roe, Chicago, Stevens, Kennedy Locations: Missouri, Roe, Bush, Ohio, Pennsylvania, Phoenix, Minnesota
New York City CNN —New US men’s national team coach Mauricio Pochettino said on Friday that his aim is nothing short of competing with – and beating – the best teams in the world. Finally, the 52-year-old Argentine was announced this past Tuesday, just minutes before the men’s national team labored to an uninspiring 1-1 draw in a friendly match against New Zealand in Cincinnati. Pochettino’s new charges have now failed to win their past four matches, a fact surely not lost on a head coach universally known as Poch, even if he wasn’t watching from inside the stadium. The recent hiring of U.S. Women’s National Team head coach Emma Hayes was a coup for the USWNT, as the Blues legend won no fewer than 16 trophies in her 12-year stint with the Chelsea’s women’s team. But does the new hire read anything into being unveiled on Friday 13th, a date many people are superstitious about?
Persons: Mauricio Pochettino, , Germain, Gregg Berhalter, Christian Pulisic, , Pulisic, Sport’s Don Riddell, Pochettino, , ” Pochettino, , Weston McKennie, Yunus Musah, Antonee Robinson, Tyler Adams, Timothy Weah, Giovanni Reyna, Folarin, Lionel Messi, Neymar, Mbappé, Emma Hayes, Hayes Organizations: York, York City CNN —, men’s, , Chelsea, Tottenham Hotspur, Paris Saint, CNN Sport, Copa America, New Zealand, CNN, Argentine, Mexico, women’s, South, Espanyol, Spain’s, Spain’s La Liga, English Premier League, Southampton, UEFA Champions League, Spurs, Liverpool, Ligue, Premier League, Pochettino, U.S, Women’s, Team, Blues Locations: York City, USA, Argentine, Cincinnati, New York, Austin, Panama, Canada, Mexico, Argentina, South Korea, Japan, United States, Europe, Spain’s La, Chelsea, Paris
Oracle 's best week on the stock market since 2021 has bolstered Chairman Larry Ellison's net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world's second-richest person. Ellison's net worth reached $208.4 billion shortly after the market open, then fell to $199 billion, according to Forbes' real-time billionaires list. Bezos, who has claimed the title of world's second-richest person on and off over the years, is worth $205 billion. Bezos, 60, and Ellison, 80, are jockeying for the title of world's second-richest person three days after their companies forged a new partnership. "With Oracle Database to be able to run AWS, Microsoft and Google, is incredibly important," Ellison said on the call.
Persons: Larry Ellison's, Jeff Bezos, Forbes, Elon Musk, Ellison, Oracle, Jordan Novet, Ari Levy Organizations: Amazon, Oracle, Nvidia, Microsoft, Google Locations: Las Vegas
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