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If reelected, Trump said Thursday he’d go further: He’d try to exert direct power over monetary policy. He gets a little bit too early and a little bit too late,” Trump said. Still, Trump has recently advocated against a rate cut before the election, saying such a decision from the Fed would be a gift to the Democratic party. Rate cuts tend to reduce borrowing costs for consumers and businesses, freeing up cash to to spend and boosting the economy. Presidents frequently gripe about Fed policy, but Trump’s public pressure campaign is in a league of its own.
Persons: Donald Trump, Trump, he’d, ” Trump, , , Jerome Powell, Powell, reappoint Powell Organizations: CNN, Federal Reserve, Federal, US Bureau of Labor Statistics, Fed, Democratic, Bloomberg Locations: Powell’s, Turkey
CNN —A passenger plane carrying 61 people crashed outside São Paulo on Friday afternoon, killing everyone on board, according to a statement issued by airline Voepass. All of the passengers had Brazilian documents, airline officials said, though it’s not yet clear if any had dual citizenship. A plane is seen falling out of the sky into the city of Vinhedo, Brazil, on August 9, 2024. A man who missed the flight told Brazilian news outlet Globo that at least 10 people were waiting at the wrong gate and missed the flight before it took off. When they realized they were at the wrong gate, the passengers begged the airport employees to let them board the plane but were told they could not.
Persons: São, ” Voepass, it’s, Eduardo Busch, ” Busch, Guilherme Derrite, , São Paulo, Luiz Inácio Lula da Silva, , CNN’s Julia Vargas Jones, Marcelo Moreno, CENIPA, you’re, ’ –, , , CNN’s Isa Soares, Tatiana Arias, Pam Boykoff, Marcelo Medeiros, Lex Harvey Organizations: CNN, São Paulo, Voepass, Legal, Brazil Air Force, Busch, Brazilian Aeronautical Registry, ATR, CNN Brasil, Passengers, Brazilian, Globo Locations: Vinhedo, Brazil, Brazilian, Parana, Guarulhos, São Paulo, Campinas, São, Private, European
"Beast Games" was part of a celebrity-studded slate Amazon presented at its TV upfronts debut in May. Despite being a dominant spender on entertainment content, Prime Video has faced questions about its popularity with viewers. A second Amazon insider said producers were already talking about making a Fyre Fest-like documentary about "Beast Games." Advertisement"All you do is go through worst-case scenarios and work backwards from there," the second Amazon insider said. But Mike Hopkins, SVP of Prime Video and Amazon MGM Studios, is all over the situation, two Amazon insiders said.
Persons: , Jimmy Donaldson, it's, Jennifer Salke, Jimmy, Salke, Donaldson —, Donaldson, Dave Kotinsky, Burger, Donaldson's, Matthew Hiltzik, couldn't, Puck, Mike Hopkins Organizations: Service, YouTube's, Amazon, Amazon MGM Studios, Business, Beast, New York Times, Times, Prime, Ampere Analysis, Reuters Locations: New Jersey, Vegas
After years of starts and stops at the box office, Disney appears to have hit a groove in 2024. Its latest Pixar film, “Inside Out 2,” is now the highest-grossing animated film of all time, topping $1.5 billion at the global box office. And the box office hits aren’t expected to stop there. Disney has long been a box office champion, driving significant ticket sales domestically and globally. In the year before the pandemic, Disney had seven theatrical releases top $1 billion at the box office.
Persons: Disney, ” —, , Paul Dergarabedian, bemoaned, Shawn Robbins, We’re, Bob Iger, Covid lockdowns, Iger, Disney’s, Riley, ” Iger, Wednesday’s, , , America, we’re, Romulus ” “, King, Moana, Robbins, Organizations: Pixar, Disney, Comscore, Star, Marvel, Century Fox, Sony, Star Wars, Lucasfilm Locations: , Comscore, Anaheim , California
The Summary Cases of Valley fever, a fungal infection, have been climbing in California in recent years. An outbreak of Valley fever among attendees and workers at an outdoor music festival in California’s Central Valley highlights the fungal infection’s mounting threat. As climate change creates more opportunities for it to proliferate, Valley fever cases have been climbing in California. He said he suspected Valley fever, since he had heard reports that some festivalgoers had gotten infected in past years, but he was initially diagnosed with pneumonia. “We live in a high endemic area for Valley fever, so anybody who’s visiting, who lives in these areas, is at risk,” she said.
Persons: , , Eric Mattson, San Luis Obispo, sweats, Mattson, coccidioides, Geetha Sivasubramanian, Sivasubramanian, Arturo Casadevall, Casadevall, you’ve Organizations: California Department of Public Health, NBC, San, UCSF, Centers for Disease Control, Johns Hopkins Bloomberg School of Public Health, Locations: California, Bakersfield, San Luis, Arizona, San Joaquin County, San Joaquin Valley, UCSF Fresno, Kansas, Oklahoma, Kern County
One of the world's most valuable drug manufacturers by market capitalization reported its second-quarter earnings results Thursday, and they were impressive. Zepbound was approved Nov. 8 by the U.S. Food and Drug Administration as a treatment for weight management and obesity, according to Eli Lilly. In its first full quarter in the U.S. market, Zepbound brought in $517.4 million in revenue, Eli Lilly reported in April. "We just see unbelievable demand, and we're not even trying that hard to promote this drug," Eli Lilly CEO David Ricks told CNBC during a "Squawk Box" interview Thursday. And drug manufacturers such as Eli Lilly and Novo Nordisk, the pharmaceutical company that makes Ozempic and Wegovy, are racing to meet that demand.
Persons: you've, Eli Lilly, it's, Zepbound, we're, David Ricks, Morgan Stanley's Organizations: U.S . Food, Drug Administration, CNBC, Centers for Disease Control, Pew Research Center, Novo Nordisk Locations: U.S, United States
On Tuesday, Kyiv took badly needed resources and fresh troops and launched them well inside Russia. Oleksandr Syrskyi, commander of the Ukrainian Ground Forces, is pictured on July 2, 2023 in Donetsk Oblast, Ukraine. That could mean fewer gliding bombs hitting Ukrainian frontline troops and fewer missiles terrorizing Ukraine’s urban communities. Russia may be invited to attend the next peace conference held by Ukraine and its allies. It is unclear if Ukraine’s move into Kursk is motivated by that, or a simple move to inflict damage where the enemy is weak.
Persons: Vladimir Putin, Oleksandr Syrskyi, Yuriy Mate, Volodymyr Zelensky, Kamala Harris, Joe Biden, Valentyn Ogirenko Organizations: CNN, Kyiv, Russian, Ukrainian Ground Forces, Getty, Trump, Ukrainian Air Forces Locations: Russia, Ukraine, Ukrainian, Pokrovsk, Sloviansk, Moscow, Russian, Europe, Soviet, Donetsk Oblast, Kyiv, Kursk
Clots can break off blood vessels and travel to the heart, triggering a heart attack, or to the brain, triggering a stroke. Previous research has linked erythritol to a higher risk of stroke, heart attack and death. Artificially manufactured in massive quantities, erythritol has no lingering aftertaste, doesn’t spike blood sugar and has less of a laxative effect than some other sugar alcohols. That’s especially true for anyone at highest risk for clotting, heart attack and stroke — such as those with existing cardiac disease or diabetes. “Cardiovascular disease builds over time, and heart disease is the leading cause of death globally,” he said.
Persons: erythritol, , Stanley Hazen, Hazen, Bleeksma, ” Hazen, Andrew Freeman, “ I’m, Freeman, Carla Saunders, Wai Hong, Wai Hong Wilson Tang, Organizations: CNN, Center for Cardiovascular Diagnostics, Cleveland Clinic Lerner Research Institute, Cleveland Clinic, Jewish Health, US Food and Drug Administration, Biology Locations: Denver, United States, Wai Hong Wilson, Europe, America
BARCELONA, SPAIN - AUGUST 08: Former Catalan President Carles Puigdemont makes his first public appearance since he fled Spain in 2017, speaking at a public rally in Barcelona, Spain on August 08, 2024. Catalan police had the order to arrest him immediately, but Puigdemont managed to speak for several minutes outside of the Catalan parliament. (Photo by Adria Puig/Anadolu via Getty Images)Former Catalan separatist leader Carles Puigdemont returned to Spain after seven years of self-imposed exile, defying a pending arrest warrant and igniting a police manhunt. A Catalan Interior Ministry spokesperson confirmed to Reuters that the separatist politician has yet to be captured. Illa's platform won the largest share of the vote in the Catalan elections of May, dethroning Puigdemont's hardline separatist Junts per Catalunya party.
Persons: Carles Puigdemont, Puigdemont, Adria Puig, Salvador Illa, dethroning, Ignacio Garriga —, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Bill Organizations: Anadolu, Getty Images, CNBC, Interior Ministry, Reuters, Spanish, Government, Socialist Locations: BARCELONA, SPAIN, Spain, Barcelona, Catalonia, Spanish, Catalan, Catalonian, Catalunya
CNN —Ukrainian forces are pushing further into the Kursk region of Russia, in a cross-border incursion that surprised even American officials, multiple US and Ukrainian officials tell CNN. Ukrainian forces are comprised of a mix of Ukrainian regular and special operations units, unlike previous Ukrainian operations inside Russia that often involved undercover units and local sympathizers. Russia claimed on Thursday to have halted a Ukrainian incursion into its territory, but later said that some battles are ongoing in the Kursk region. Neither the Ukrainian military nor the government in Kyiv has publicly commented on the operation. A Russian military blogger Rybar reported on Wednesday that the Ukrainian military had established control over a gas transit station near the border.
Persons: Vladimir Putin, “ Sudzha, wasn’t, Alexei Smirnov, , Hochu, , Kozak, Mick Ryan, Peter Stano, Karine Jean, Pierre, Biden, ” Jean, , Niu York, HUR, Rybar, CNN’s Mariya Knight, Olga Voitovych Organizations: CNN, Russian Ministry of Defense, Russian Federal Security Service, Russian Defense, Telegram, Russian Ministry of Health, ., Federal Medical, Biological Agency, TASS, Reuters, Russian Defense Ministry, Futura, Institute for, Kyiv, Suspilne, Kyiv “, Ukraine Military Intelligence, LB, European Union, EU Locations: Kursk, Russia, Russian, Ukraine, Korenevsky, Ukrainian, Sudzhansky, Sudzha, Malaya Loknya, Kyiv, , Russia’s Kursk, Moscow, Pokrovsk, Niu, Toretsk, Europe
Read previewOn Tuesday, Elon Musk's X fulfilled his promise to sue advertisers over their boycotting of the platform. GARM creates frameworks to provide common definitions around areas like hate speech and misinformation; it's voluntary whether advertisers use them. It doesn't rank platforms on these issues, and its role isn't to advise advertisers on where to spend their dollars. US advertisers are also protected by the First Amendment to spend or not spend on whichever media platforms they please. If the X suit moves into the discovery phase, there could be a whole lot more.
Persons: , Elon Musk's X, X, Ørsted, Musk, Ruben Schreurs, Ørsted didn't, GARM, Jim Jordan, colluded, WPP's GroupM, Rob Rakowitz, Rumble, Jamie Barnard, Jim Jordan of Ohio, Win McNamee, Jordan, Brian Wieser, Wieser Organizations: Service, Federation, Global Alliance of Responsible Media, Twitter, Unilever, Mars, CVS, Business, WFA, Republican, Procter, Gamble, WPP's, Committee, Verizon, Chanel, PepsiCo, WPP, Media, Madison Locations: Texas, Ohio
CNN —Cruise ships have doubled in size over the past two decades, a precedent that could lead to even bigger vessels plying our oceans in the future and bringing potential problems, a new report has warned. The largest passenger vessels today are twice as large as they were in 2000, says a study conducted by European clean energy lobby group Transport and Environment (T&E), which warns of the environmental impact of the “rapidly” growing global cruise industry. On its launch in 1999, Royal Caribbean’s Voyager of the Seas, which has a gross tonnage (GT) of 137,276, was the biggest cruise ship in the world. Global emissionsIt notes that CO2 emissions from cruise ships in Europe were almost 20% higher in 2022 than in 2019. Cruise ships and other maritime vessels are thought to be responsible for nearly 3% of global greenhouse gas emissions each year, according to the International Maritime Organization.
Persons: CNN —, cruisezillas, Inesa, Bruce Weaver, , ” CLIA Organizations: CNN, CNN — Cruise, Getty, Cruise Lines International Association, EU, Royal, Cruise, International Maritime Organization, Royal Caribbean Group Locations: AFP, Europe
"I lost weight, but it wasn't in the healthiest way. AdvertisementXavier lost 100 pounds in high school on a restrictive diet, but it was "unsustainable," he said. Benji Xavier lost 100 pounds by making healthier versions of his favorite foods at home. AdvertisementXavier has maintained his weight loss by making healthy lifestyle changes. He has "cheat days," and eats whatever he wants on holiday without feeling guilty because he knows he'll return home to a healthy lifestyle.
Persons: , Benji Xavier, Xavier, He's, unconfident, It's, he'll, it's, I'm Organizations: Service, Business, Centers for Disease Control, CDC Locations: New Jersey
Under Armour apparel is displayed at a Dick's Sporting Goods store on May 16, 2024 in Petaluma, California. Under Armour on Thursday said sales are falling across its business, but the athletic apparel retailer posted better fiscal first-quarter results than feared, sending its stock surging in early trading. Under Armour previously expected full-year earnings of 2 cents to 5 cents per share, and adjusted earnings between 18 cents and 21 cents per share. The athletic apparel company is in the midst of a broad restructuring plan as it fights to regain relevance, reverse a sales slump and boost profits. Apparel revenue fell 8%, footwear sales dropped 15% and accessories revenue slid 5%.
Persons: Armour, It's, Stephanie Linnartz, Kevin Plank, Plank, Eric Liedtke, Eric, , William Blair, Armour's Organizations: Sporting Goods, LSEG, Marriott, Armour's, Apparel, Adidas, UA Locations: Petaluma , California, North America
Eli Lilly on Thursday reported a home-run quarter fueled by sales of its blockbuster obesity and diabetes drugs, quieting any lingering investor concerns in the stock. Eli Lilly Why we own it: Eli Lilly's best-in-class drugs should enable growth above the industry average for many years to come. The report left little doubt that Eli Lilly's best days are ahead, driven by the growth of GLP-1s. It's really early" for Zepbound, Eli Lilly CEO David Ricks said in a CNBC interview Thursday. But the good news is Eli Lilly's multibillion dollar investments to expand manufacturing capacity are paying off.
Persons: Eli Lilly, Eli Lilly's, Zepbound, Jim Cramer, Lilly, David Ricks, It's, We're, Eli Lilly hasn't, Novo, spooked Lilly, Gordon Brooks, it's, Ricks, Brooks, Verzenio, , didn't, Jim Cramer's, Jim, George Frey Organizations: Revenue, LSEG, Novo Nordisk, Biogen, Merck, Pfizer, CNBC, Food and Drug Administration, Viking Therapeutics, Novo Nordisk —, FDA, RTP, Bloomberg, Getty Locations: Eisai, U.S, GLP, Roche, it's, Indianapolis, North Carolina, Europe, Germany, Provo , Utah
Based on Trump's social media commentary, more about their relationship may be coming soon. Trump wrote in a post on Truth Social on Tuesday that the two will be speaking together publicly next week. Trump wrote. 'I have no choice'Since gaining Musk's support, Trump has returned the praise. On the day of Trump's speech in Nashville, Musk wrote "Save our kids!"
Persons: Elon Musk, Donald Trump, Evan Vucci, Donald Trump's, Trump, he'd, Elon, He's, Musk, What's, podcaster Jordan Peterson, they've, Kamala Harris, he's, it's, Joe Biden, Steven Cheung, Biden, Tesla wasn't, Tesla, Ron DeSantis, DeSantis, David Sacks, Trump's, CNBC's Joe Kernen, they're, Harris, Mark Fields, , Fields, CNBC's Brian Sullivan, Giorgia Meloni, Javier Milei, Jair Bolsonaro, Narendra Modi, Benjamin Netanyahu, Kevin Mohatt, Kamala, Mike Moritz, Moritz, Brian Schwartz, Christina Wilkie Organizations: SpaceX, White, AP NASHVILLE, Bitcoin Conference, Elon, Music City Center, Trump, Republican, PAC, North Carolina Attorney General's, America PAC, ELON, Biden, General Motors, Ford, Musk, Tesla, Bitcoin, Italian, Indian, Capitol, Air Force, Joint Base Andrews, Financial Locations: Washington, Tenn, , Nashville, Memphis , Tennessee, Pennsylvania, Michigan, tamp, Florida, Lago, China, U.S, Atlanta, Gaza, Wisconsin, Joint Base Andrews , Maryland, West Palm Beach , Florida, Silicon Valley
Mortgage rates plunge to lowest level in more than a year
  + stars: | 2024-08-08 | by ( Bryan Mena | ) edition.cnn.com   time to read: +5 min
Washington CNN —US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant Freddie Mac said Thursday. Mortgage rates have steadily fallen over the past several weeks since reaching a 2024 peak of 7.22% in early May. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on interest rates. Lower mortgage rates and a bigger housing stock will eventually entice more buyers to eventually enter the market.
Persons: Freddie Mac, That’s, , Sam Khater, Freddie Mac’s, “ Homebuyers, ” Lawrence Yun, Lisa Sturtevant, Organizations: Washington CNN, Federal Reserve, Las, P Global, Harvard Joint Center for Housing Studies, CNN, Treasury, National Association of Realtors, Fed, NAR, , Bright MLS Locations: New York, San Diego, Las Vegas, Tampa, Denver, Minneapolis, United States
India's biggest budget airline IndiGo has been trialing a booking feature that will allow women to avoid booking a seat next to men on flights. The feature, the first of its kind for an airline, works by showing female travelers a pink seat at the seat selection page if it will be occupied by a female passenger, a company representative told CNBC Travel. Travelers on IndiGo must identify their genders when they purchase tickets, which allows the airline to control access to these details, according to Indigo. However, IndiGo's website and mobile app did not show the feature when CNBC did a check. The new feature has received "positive individual reactions" on social media, IndiGo's CEO told CNBC's "Street Signs Asia" last week.
Persons: CNBC's, Pieter Elbers Organizations: IndiGo, CNBC Travel, CNBC
Novo Nordisk shocked investors on Wednesday when its latest results fell short of Wall Street's expectations. While Eli Lilly's stock remains up about 32% year to date, concerns about increasing competition in the category have resulted in a nearly 16% decline for Lilly shares over the past month. Eli Lilly is making similar attempts with Zepbound, but its launch is at an earlier stage than Wegovy. Second-quarter sales of Ozempic, Novo's diabetes treatment, rose 4% from the first quarter, while Wegovy revenue grew 24% quarter over quarter. Barclays analyst Emily Field told clients in a research note that she would be a buyer of Novo Nordisk shares on the weakness.
Persons: Eli Lilly, Eli, Lilly, Wells, Mohit Bansal, Ozempic, Bansal, Emily Field, David Song, Song, Chris Schott, Schott Organizations: Novo Nordisk, LSEG, Lilly's, Management, Food and Drug Administration, Barclays, Tema, JPMorgan Locations: Wells Fargo, IQVIA, Amgen, MariTide, Novo, CagriSema
I tried several personal wellness experiments, such as intermittent fasting, polyphasic sleeping, and cold plunges. I always assumed that doing better at work meant adding a better project, a bigger promotion, or a brilliant new job entirely. Focusing on the day-to-day problems at work helped me stay present in my life — better than any of my personal wellness experiments. AdvertisementAlthough I plateaued with the life hacks, tweaking how I work day-to-day has led to endless gains. I still work hard, but now I work better.
Persons: , I'm, Rachel, Tim Ferriss, I'd, It's, I've Organizations: Service, Business Locations: Toronto, Airbnb
Here are some of the progressive measures Walz has enacted as governor:Child tax creditMany lower-income Minnesota families can access a state child tax credit, which Walz signed into law last year. Free college tuitionLast year, Walz signed a bill into law that made college tuition free for students from Minnesota families who earn less than $80,000 a year. Walz’s executive order directed state agencies to study the effectiveness of the care and investigate any health organization that denied it. The bill also raised the sales tax in the seven-county Twin Cities metropolitan area by 0.25% to create a permanent funding stream for Minnesota housing programs. Voting rights for ex-felonsLast year, Walz signed a bill into law that restored voting rights to more than 55,000 formerly incarcerated people in Minnesota.
Persons: Biden, Tim Walz, Kamala Harris, Joe Biden, Harris, Walz, , Roe, Wade, ” Walz, It’s, , Walz “, Tim ”, Sandra Feist, Organizations: CNN, Minnesota Gov, Democratic, Tax Foundation, Free, North, Minnesota, US, Guttmacher Institute, Universal, US Centers for Disease Control, Income Housing Coalition, Twin, Republicans Locations: Minnesota, Iowa, Twin Cities, Minnesota . Minnesota
Pelvic floor issues are commonOverall, nearly a quarter of women in the United States develop pelvic floor issues, according to the National Institutes of Health. Regular physical activity is essential for overall health and can be safely maintained with proper modifications and attention to pelvic floor health. Why focus on pelvic floor healthGiven the prevalence and impact of these issues, maintaining pelvic floor health is vital to a good quality of life. But here’s the good news — pelvic floor health can be improved with the right care at the right time — sooner rather than later. And Kegels, which strengthen pelvic floor muscles, aren’t the only essential pelvic floor exercises.
Persons: Jamin, , you’ve, , something’s, I’m Organizations: Orlando Health, Florida Urological Society, CNN, National Institutes of Health Locations: Florida, United States
Sam Dogen, 47, retired from his corporate job in 2012 and achieved FIRE status — an acronym for financial independence, retire early — but over a decade later, he returned to the office. Dogen wanted to return to work for extra income as his children got older and to contribute more to the Silicon Valley startup scene. He got a job as the head of content at a startup, where he wrote articles and newsletters. But within a few weeks, he already knew the job wasn't working out. He decided to leave his position and go back to being a stay-at-home dad — essentially retiring early for a second time.
Persons: Sam Dogen, Little, Dogen, Slack, , you've, renegotiating, microaggressions, would've, he'd, I've Organizations: Service Locations: San Francisco
I have stiff-person syndrome. I've only been living with symptoms for 15 months, but stiff-person syndrome has changed my life. This is stiff-person syndrome." Our first stop is the University of Colorado, which is at the cutting edge of clinical trials for stiff-person syndrome. Friends with stiff-person syndrome have also suggested I visit the Mayo Clinic and a specialist in northern California.
Persons: Carrie Robinette, Jared, It's, Celine Dion, wasn't, I've, haven't, Sham, Dholakia, I'm Organizations: Service, San Diego, Business, Department of Defense, SPS, University of Colorado, Mayo Clinic Locations: San, Washington ,, San Diego, Southern California, California
With ongoing affordability challenges exacerbated by high interest rates and inflated home values, housing is a major concern for Americans across the political spectrum. "When I talk to Americans, one of the biggest concerns I hear is, 'Why are housing costs so high?' In the past, Vance has blamed the housing affordability crisis largely on high interest rates. Many economists disagree with Vance's argument about the source of the housing affordability crisis and his solution to it. They've also blamed the current administration for relatively high interest rates, which are determined by the independent Federal Reserve and designed to control inflation.
Persons: , JD Vance, Vance, Sean Hannity, Kamala Harris, Daryl Fairweather, Fairweather, hasn't, Ned Davis, There's, Donald Trump's, Biden, Harris, They've Organizations: Service, Fox News, Republican, Business, Federal Reserve, Ned Davis Research, Trump Locations: Ukraine
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