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Read previewThe first presidential debate of 2024 did not go well for President Joe Biden. Despite a few jabs at Trump, Biden spent much of the debate slurring through sentences and, at times, sounding incoherent. AdvertisementBut the shortcomings of Biden's performance — which Business Insider's politics reporters called a "complete disaster" — went beyond his speaking segments. 'It wasn't the president's finest hour'When it was Trump's turn to speak, Biden sometimes looked toward the ground as though drifting from the conversation. "I don't think Biden's base can put a positive spin on his first debate performance," Falzon said.
Persons: , Joe Biden, Donald Trump sparred, Biden, Trump, Paul Falzon, Falzon, Adriana Giotta, Giotta, TikTok, Biden Trump, Zers, Biden's, lauding, Donald J, Joe Organizations: Service, Trump, Business, Google, Biden Locations: Singapore
Two Appearances, Two Starkly Different Bidens
  + stars: | 2024-06-28 | by ( Michael D. Shear | ) www.nytimes.com   time to read: 1 min
And then you think he’ll stop there? Do you think he’ll stop when — if he takes Ukraine? What do you think happens to Poland? What do you think happens to those NATO countries? He did beat Medicare.
Persons: I’ve, Biden, Trump Organizations: NATO, Pharma Locations: Ukraine, Poland, Belarus
An aerial view shows a Philippines Navy vessel that has been grounded since 1999 to assert the nation's sovereignty over the Second Thomas Shoal, a remote South China Sea reef also claimed by China. Experts say the latest incident represents an escalation and shows the limitations of the U.S.-Philippines Mutual Defense Treaty signed in 1951. Ezra Acayan | Getty Images News | Getty Images"The Philippines will continue to resupply the Sierra Madre, and hopefully invest in more outposts in their Exclusive Economic Zone in the South China Sea ... The Philippines defense chief has reiterated that the military would not announce its resupply missions to the shoal in advance. The country has also been working to bolster its own defense capabilities in the South China Sea with the support of the U.S.What's at stake?
Persons: Thomas, Jay Directo, Thomas Shoal, Philippines Mutual Defense Treaty, Chester Cabalza, Cabalza, Ezra Acayan, Richard Heydarian, Abdul Rahman Yaacob, Matteo Piasentini, Ferdinand Marcos Jr, Paisentini, Lowy Institute's Yaacob, Geopolitica's Organizations: Philippines Navy, Afp, Getty, U.S ., Philippines Mutual Defense, International Development, Security Cooperation, Bilateral, Philippine Coast Guard personnel, Coast Guard, University of the, U.S, Pacific Command, Philippines, Lowy, Asia Program, Philippine Navy, Sierra Madre Locations: Philippines, China, South China, Spratly, Philippine, Manila, Beijing, U.S, South, U.S . China, Washington, University of the Philippines, Philippine Government, United States, Pacific, Italian, Sierra, Asia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite the overly concentrated market that's piled into mega-cap technology stocks, the bulk of gains are still coming from that sector. While some investors fear that part of the market is too rich, they also aren't sure where else to find their gains. "So looking forward, we're somewhat concerned about the concentration right now in the market with the tech sector of the S&P, which is up 15%; the tech sector is up 27%". You want to ensure broad exposure to infrastructure, which means looking for an ETF that holds the sector's biggest names.
Persons: , Mimi Duff, Duff, we're, it's, there's Organizations: Service, GenTrust's, Business, Infrastructure Investment, Jobs, Dev, Infrastructure, International Energy Agency Locations: York, Washington, Maryland
I truly don't," said Rep. Greg Landsman of Ohio when asked if he's entertaining the idea of Biden not being the nominee. "You know, I think the President and his team are gonna huddle up and have a conversation, and we'll see what happens." Rep. Robert Garcia, a Biden campaign surrogate who traveled to the debate on Thursday, was left insisting to a large circle of skeptical reporters that Biden simply "had a raspy voice." Democrats who want to see Biden step aside are essentially facing a collective action problem. If they were to band together and declare that Biden needs to step aside, they may be able to have an impact.
Persons: Tom Suozzi, Suozzi, Joe Biden's, That's, We're, Kamala Harris, Biden, Zoe Lofgren, California, Donald Trump, Jared Huffman, Huffman, Greg Landsman, Ohio, Hakeem Jeffries, Nancy Pelosi, Jim Clyburn, , Robert Garcia, they've, Dean Phillips, Julián Castro, He's, Paul Begala, Chip Roy Organizations: Service, New York Democrat, Capitol, Business, Democratic, Democrats, Democrat, Biden, Capitol Hill, Rep, Urban, CNN, Republican Locations: California, Minnesota, Biden's, Texas
In the wake of a contentious debate between President Joe Biden and former President Donald Trump on Thursday night, CNBC's Jim Cramer described how the vibe of the market could change if Trump returned to the White House. Cramer noted that Trump is broadly amiable to gas and oil, pointing to companies like New Fortress Energy and Cheniere . Cramer said as long as he's known Trump, the GOP candidate has had a keen interest in the market. "He loved bantering about the stock market, appeared on this show many times, because even though he was in real estate, he enjoyed stocks," Cramer said. Former President Trump's campaign did not immediately respond to a request for comment.
Persons: Joe Biden, Donald Trump, CNBC's Jim Cramer, Trump, Cramer, bode, Trump's Organizations: Kroger, Albertsons, Capri, New Fortress Energy, Republican, Nike, Starbucks, GOP Locations: China
The vote takes place amid deteriorating relations with the West, an advancing Iranian nuclear program, and an increasing risk of direct war with Israel. Iranian presidential candidate Mohammad Bagher Ghalibaf’s supporters gathered on the final day of campaigning to hear him speak, in Tehran, Iran on Thursday. Some polls have shown increasing popularity for Pezeshkian, with the rest of the conservatives splitting the vote. Khamenei urged Iranians to head to the polls and vote after he cast his ballot in the election on Friday morning. Saeed Jalili, ultraconservative former nuclear negotiator and Iranian presidential candidate, holds a rally in Tehran, Iran, on June 24.
Persons: Ebrahim Raisi, Hossein Amir, Ali Khamenei, Mahsa, Mohammad Bagher Ghalibaf’s, Joseph Ataman, Masoud Pezeshkian, Saeed Jalili, Mohammad Bagher Ghalibaf, Khamenei, Amini’s, Pezeshkian, Iran’s, Amirhossein Qazizadeh, Hashemi, Alireza Zakani, Qazizadeh, who’ve, , Arash Azizi, Saddam Hussein, Masoud, Morteza, , Sina Toossi, Narges Mohammadi, ” Ahmad, Ghalibaf, ” Ghalibaf, ” Mariam, Raisi, ” Cheers, ” Mohammad, ” Parsi, Javad Zarif, Zarif, ” Khamenei, Trump, Biden Organizations: Iran CNN —, Foreign, Iran’s, West, CNN, Iran’s Guardian Council, Center for Middle East, Global, Quincy Institute, Experts, Islamic, Center for International Policy, Trump, Pezeshkian, Getty, Washington Locations: Tehran, Iran, Israel, Gaza, Lebanon, Islamic Republic, Iranian, Berlin, Iraq, Washington, Washington ,, Shiroudi,
You can't kill Coach
  + stars: | 2024-06-28 | by ( Amanda Krause | ) www.businessinsider.com   time to read: +10 min
Mandy Moore carries a Coach bag in 2006. And with fewer people buying Coach bags, consumer ideas of the brand shifted. Keel, who purchased her first Coach accessory — a discounted cardholder from Coach Outlet — around that time, remembers the change in the brand's perception vividly. AdvertisementKate Bauer, a 29-year-old from Toronto, collects vintage Coach bags that she exclusively buys secondhand. She told BI that the importance of old Coach styles to the brand's current business has never been clearer.
Persons: , Paris Hilton, I'd, Gilbert Carrasquillo, Lil Nas X, Gen Z, Erin Keel, Lillian Cahn, Miles Cahn, Lillian, Bonnie Cashin, Lew Frankfort, Mandy Moore, Michael Loccisano, Michael Kors, Kate Spade, Victor Luis, Keel, Chanel, wasn't, — Luis, Jide J, Zeitlin, — Todd Kahn, Coach, Camila Mendes, Beth Goldstein, Gen, Kate Bauer, Edward Berthelot, Goldstein Organizations: Business, Leatherware, , North, BI Locations: New York City, Los Angeles, Frankfort, Toronto
Read previewAs a kid, Rob Chisholm was not drawn to the fast-paced, jet-setting life of a Wall Street banker. Well, maybe if I wanted to be an investment banker or something, I would care about that, Chisholm remembers thinking. Chisholm, on the other hand, is very open about his unorthodox path to Wall Street and the resulting feelings of being an outsider. AdvertisementWhen Chisholm was in college, he rejected the "cliche" of going to an Ivy League and getting a job on Wall Street. At the time, Chisholm admitted, Wall Street seemed like the "complete opposite in terms of the culture and the incentives" he thought he wanted.
Persons: , Rob Chisholm, Chisholm, Goldman Sachs, Frank Quattrone, Eager, dealmakers, he's, Wall, Goldman, I've Organizations: Service, Wall Street, Princeton, Business, Ivy League, Citi, Qatalyst Partners, Middlesex, Princeton's, Middlebury College, ACG Partners, Deutsche Bank, Investment Locations: Canada, Antigonish, Nova Scotia, Massachusetts, Vermont, Boston, San Francisco, tooting
As Wall Street digested the dismal outlook from the world's largest sportswear company, at least six investment banks downgraded Nike's stock. Analysts at Morgan Stanley and Stifel took it a step further, specifically calling the company's management into question. The company also said it expects fiscal 2025 sales to be down mid-single digits when it previously expected them to grow. If you ask Phil Knight, Nike's founder and its chairman emeritus, Donahoe is doing just fine. "I am optimistic in Nike's future and John Donahoe has my unwavering confidence and full support."
Persons: Jim Duffy, Morgan Stanley, Stifel, Donahoe, Matt Friend, That's, Hoka, Jessica Ramírez, Jane Hali, Nike didn't, they've, Kevin McCarthy, Neuberger Berman, CNBC's Scott Wapner, " McCarthy, They've, you've, it's, he's, Phil Knight, John Donahoe Organizations: Nike, eBay, Air Force, Air, Associates, CNBC Locations: 2HCY25, China, , U.S
“It was my weird femme fantasy of what my grown-up life was going to be.”“I wanted True Directions to look like the Barbie Dreamhouse,” she continued. True Direction's founder, Mary, insulates herself from reality in the artificial setting that she's built for traditional gender roles. “I just love the cult following that it’s had,” Friedberg said in the call with Babbit and Kamerman. Despite the film’s barriers, Babbit, Friedberg and Kamerman are all pleased with its longevity, particularly as they’ve seen it gain cachet with an entirely new generation this past decade. “We were just making our weirdo indie film of queer joy and female power in a vacuum.”
Persons: , Natasha Lyonne, Clea DuVall, it’s, Megan, Lyonne, Jamie Babbit’s, Cathy Moriarty, , Eddie Cibrian, Mike, “ Barbie ”, Babbit, , Dreamhouse, Mary, insulates, Jamie Babbit, Mark Lipson, Kushner, Locke, couldn't, , Brian Wayne Peterson, Alix Friedberg, Tim Burton’s, Edward Scissorhands ”, John Waters, Rachel Kamerman, It’s, Phoebe Bridgers, MUNA, ” Friedberg, ” Babbit, Rogert Ebert, butch, Gia ”, Kamerman, Graham, DuVall, Eden bodysuits, Adam, David LaChapelle, reining, Jamie — you’ve, she’s Organizations: CNN, , Tattle Locations: New York City, New York, London, Palmdale , California, soundstages, Friedberg, Kamerman
President Joe Biden delivers remarks during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. Many of the Democratic Party's top fundraisers are privately sounding the alarm after President Joe Biden's disappointing debate performance Thursday against Republican former President Donald Trump. CNBC began hearing from worried Democratic campaign donors and fundraisers less than 20 minutes into the 90-minute debate hosted by CNN. "Game over," said a longtime Democratic campaign advisor, who has been raising money for congressional leaders for over a decade and helped raise money for Biden's 2020 White House bid. Biden's campaign co-chair Mitch Landrieu told NBC News this was because the president had a cold.
Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Biden's, He's, doesn't, Jaime Harrison, Ronald, Reagan, George W, Bush, Barack, Obama, I've, we've, Jack Tapper, Tapper, Mitch Landrieu, Landrieu, Kamala Harris, Trump, Kate Bedingfield Organizations: CNN, CNN Studios, Democratic, Republican, CNBC, Democratic National, NBC News, Patrol, Democratic National Convention, White House Locations: Atlanta , Georgia
CNN —After 800 years of calm, volcanoes have awakened in the Reykjanes Peninsula of Iceland — about 56 kilometers (35 miles) south of the nation’s capital, Reykjavik. While there is no risk of a global calamity happening, researchers are now warning that new scientific evidence suggests the eruptions originating from the Reykjanes Peninsula could continue for years or even decades. But people staying there, with the possibility of a very rapid onset of volcanic activity, I don’t think that’s recommended. “The Reykjanes peninsula is exactly on this plate boundary,” he added, “and it seems that we are now witnessing the earliest part of a major eruption episode. Icelandic geoscientists and international collaborators are tracking the frequency and intensity of seismic activity and ground deformation in real time.
Persons: that’s, , Valentin Troll, John Moore, Hugh Tuffen, , Emin Yogurtcuoglu, volcanologist Einat Lev, Lamont, Lev, Jessica Johnson, ” Johnson, Tuffen Organizations: CNN, Iceland —, Uppsala University, Terra Nova, Lancaster University, Keflavík, Anadolu Agency, Getty, Columbia University, University of East Locations: Reykjanes, Iceland, Reykjavik, Grindavík, Sweden, volcanology, United Kingdom, Iceland Iceland, Kentucky, Fagradalsfjall, New York, University of East Anglia
Washington CNN —President Joe Biden’s debate performance has set off alarm bells among top Democrats, leaving some to openly question whether Biden can stay atop of the Democratic ticket. Pressed by Cooper on Biden’s performance, Harris offered a defense of her boss. Austin Steele/CNNBiden brushed off concerns about his debate performance, telling reporters that he thought he performed well while visiting patrons at a Waffle House after the debate. When asked about calls for him to drop out and if he had any concerns about his debate performance, Biden attacked former president Donald Trump. Democratic Party officials questioned why Biden missed other opportunities to slam Trump’s comments, particularly on the issue of abortion.
Persons: Joe Biden’s, Biden, , David Axelrod, Axelrod, Donald Trump, Trump’s, Kamala Harris, Joe Biden, ” Harris, CNN’s Anderson Cooper, Cooper, Harris, , I’m, Trump, Austin Steele, CNN Biden, ” Biden, who’s, Gavin, Newsom, Gretchen, Whitmer, I’d, “ Trump, Kate Bedingfield, ” Bedingfield, “ Biden, Trump’s mistruths, Jill Biden, Jake Tapper, Dana Bash, Will Lanzoni, Jill, Joe Organizations: Washington CNN, Democratic, CNN, Capitol, White House, Waffle, , Biden, Convention, Biden White House Locations: United States, Chicago, Trump’s
New York CNN —If you’re a PR person, I can’t possibly think of a harder job right now than working at Boeing. Boeing held a press conference from a factory in Renton, Washington, on Thursday to talk about quality improvements. But strangely enough, Boeing sharing that information itself got Boeing in trouble with the NTSB. Clean up, clean up everybody everywhereWhen the NTSB’s statement went out, Boeing’s PR team went back into crisis clean-up mode. At the same time, rules are rules no matter how hypocritical they are.
Persons: It’s, they’d, Max, Elizabeth Lund, Lund, Gregory Wallace, Chris Isidore, ” Lund, , that’s Organizations: New, New York CNN, Boeing, Alaska Airlines, Senate, National Transportation Safety Board, NTSB, , Department of Justice, CNN, Boeing’s PR Locations: New York, Renton , Washington
What do they do about their candidate for president, and their campaign to beat Donald Trump? Michelle Goldberg: I think Biden has to get out. As you know, I’ve been arguing since 2022 that he’s too old to run for re-election. But recently, when people have asked me about it, I’ve wondered, is it too late? And I think that’s rapidly becoming the consensus not just among panicky pundits, but among senior Democrats.
Persons: Patrick Healy, I’ve, Biden’s, Kamala Harris, Biden, , Donald Trump, Michelle, Michelle Goldberg, Hakeem Jeffries, , Healy, Bret, “ Biden, It’s Organizations: Democratic National Convention, Associated Press, Biden, America, Democratic
Read previewFor months, Democrats have rallied behind President Joe Biden, insisting that in private moments he is energetic and up for the job. David AxelrodDavid Axelrod, a former Obama staffer, said the GOP will be in trouble if another Democrat replaces Biden as the nominee. He confronted the question on nearly every Democrat's mind: whether Biden should drop out of the race. The Pod GuysThough typically loyal to Biden, the hosts of the hugely popular podcast are saying that Biden should, at the very least, consider stepping aside. Kristof implored the president to leave his successor in the hands of delegates at the Democratic National Convention.
Persons: , Joe Biden, Biden's, David Axelrod David Axelrod, Biden, Joe Raedle, Obama, Axelrod, Jason Mendez, Getty, Jon Favreau, haven't, Joe Biden —, Dan Pfeiffer, Tommy Vietor, Claire McCaskill, McCaskill, Kamala Harris, Gavin Newsom, Thomas Friedman, Michael Cohen, Friedman, Donald Trump, Harris, Van Jones, Scott Dudelson Van Jones, Jones, Joy Reid, Ben Rhodes, Nicholas Kristof The, Kristof, Gretchen Whitmer, Sen, Sherrod Brown, Gina Raimondo, Alex Thompson Organizations: Service, Democratic National Convention, Business, Obama, GOP, CNN, Democratic, MSNBC, New York Times, Convention, CBS, Getty Locations: America, California
Tim Milgram is a veteran of the Los Angeles dance community. I started putting this all together: Wow, this seems to go really, really far back: This isn't just about 7M management. Courtesy of Tim MilgramYou had been well-acquainted with Isaiah and even met the Shinn family. And what a successful thing Isaiah was doing, I applauded it. My origin is filming dance, being a dancer, and providing a physical space for people to train and to find community.
Persons: Tim Milgram, Isaiah Shinn, he'd, Milgram, Shinn, Konkrete, Melanie Wilking, Miranda, Shekinah, Robert Shinn, Isaiah, I'd, Briana Frapart, We're, I've, Melanie, Jessica, Acevedo, Nobody, there's, Robert, That's, it's, I'm, It's Organizations: Service, 7M Films, Business, Netflix, Variety Locations: Los Angeles, Angeles
The on-cycle recruiting process is not easy on these young bankers, who are often already working 80+ hour weeks in their new investment-banking jobs. The conventional wisdom on Wall Street has always been that the most hawkish PE firms walk away with the most impressive candidates. Odyssey doesn't participate in on-cycle recruiting because it prefers to fill positions in what is known as "off-cycle," or the months that follow the initial recruiting process. It all leaves me thinking about the PE recruiting cycles of the future. To be overly cautious, I've already penciled in a calendar reminder for 2025: "Monitor for PE recruiting cycle kickoff."
Persons: Thoma, Goldman Sachs, haven't, Emmalyse Brownstein, Anthony Keizner, They're, Keizner, spokespeople, , I've, I'm Organizations: Service, Wall, Business, Apollo, KKR, Thoma Bravo, JPMorgan, Search, Rice, BI, TPG, Bain Capital Locations: freaked, New York City, New York, Clayton, Dubilier, Thailand
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed isn't ready for cuts right now, 'I think they know that': Fmr. Kansas City Fed PresidentThomas Hoenig, Former Kansas City Fed President, joins 'Closing Bell Overtime' to talk recent inflation numbers and what he thinks the Fed's next moves will be.
Persons: Thomas Hoenig Organizations: Fed, Former Kansas City Fed Locations: . Kansas, Former
Whether on the phone or in person, a job interview can be a terrifying thing. You want to speak eloquently and lay out the reasons why you're the right candidate for the role both in terms of your background and your disposition. "It is very nerve-wracking," says HR consultant Stefanie Fackrell, who's worked in recruiting at companies like Google and Nvidia. Still, she says, the most important thing is "to go in relaxed and confident," she says. Here's what she suggests to help you stay cool and calm.
Persons: Stefanie Fackrell, who's Organizations: Google, Nvidia
“Hard to watch” is how multiple foreign diplomats described Thursday night’s debate between Biden and Trump to CNN. I had difficulties understanding what he was saying, and I understand English pretty well,” said a second European diplomat. Biden’s debate flop was front-page news across Europe, with left- and right-leaning newspapers excoriating the president – even in France, where the country has its own elections coming up this weekend. “There are many options that are discussed, but we don’t see, any that are self-evident,” the first European diplomat said. Moscow’s state TV station, Russia 1, lampooned Biden’s debate performance.
Persons: Joe Biden’s, Donald Trump, Trump, Biden, , “ Trump, , , Vladimir Putin, Putin, ” Trump, Radek Sikorski, “ Marcus Aurelius, Commudos, didn’t, Kamala, Harris, Trump’s, Volodymyr, Zelensky, Biden pilloried, Joe’Matosed ”, “ Biden, Biden’s, Emmanuel Macron’s, Ansa, Russia’s, Olga Skabeeva laughingly Organizations: CNN, Biden, NATO, Democratic Party, , , strongmen, Arab, Financial Times, Sun, Guardian, Monde, TV Locations: Europe, East, Asia, European, Arab, Asian, France, Russia, Ukraine, Russian, Afghanistan, Polish, California, Israel, British, Atlanta, Greece’s, Italy, Puglia
In April, she found what she thought were the perfect shoes at Jimmy Choo. AdvertisementDante told BI that representatives from Jimmy Choo apologized to her for her experience on Tuesday. AdvertisementDante ultimately got a refundDante considered buying a different pair of Jimmy Choo shoes but ultimately decided she just wanted a refund on the original pair. #jimmychoo @Jimmy Choo ♬ original sound - michaelarose123Dante told BI she expected better customer service from a luxury retailer. But she told BI she won't be in a rush to buy another luxury product herself.
Persons: , Michaela Dante, Dante, Jimmy Choo, I've, Michaela Dante That's, Dante Dante, Dante hadn't, didn't, @michaelarose123, jimmy choo, michaelarose123 Dante, Jimmy Choo's Organizations: Service, Area, Business, BI Locations:
Read previewA Papa Johns recently opened in Osceola, Arkansas — and Britt Lorino is thrilled about it. Despite raising their family in Austin, Lorino and his wife decided to settle in Mississippi County because of its mover incentives. Program leaders told BI that they have attracted 80 new homeowners since Work Here, Live Here launched in 2022. Their adult children still live in Austin, and Lorino said his son can't afford a home there. He isn't sure if he and his wife will live in Mississippi County forever, but they plan to stay for several years.
Persons: , Papa Johns, Osceola , Arkansas —, Britt Lorino, Lorino, It's, everything's, Austin — Organizations: Service, Business, Big, Steel, US Steel, Big River Steel ., Midwest, Osceola Locations: Osceola , Arkansas, Osceola, Memphis, Austin, Mississippi County, Houston, Mississippi, Arkansas, Louisiana, Texas, Rural Mississippi County, there's, . Osceola
“It’s kind of a DEFCON 1 moment,” David Plouffe, former President Barack Obama’s campaign manager, told MSNBC star Rachel Maddow following the debate. The people who were texting with me were very concerned about President Biden seeming extremely feeble, seeming extremely weak,” Reid said. And while MSNBC’s hosts pointed to the flood of lies from Trump during Thursday night’s debate, the conversation continually returned to Biden’s performance. “President Biden is a good man who capped a long career in public service with a successful presidential term. “Predictably, Biden’s poor performance led to some chatter about his stepping down and letting someone else be the nominee.
Persons: CNN —, Alex Wagner, ” Wagner, Donald Trump, Joe Biden, Joe Biden’s, Trump, ” David Plouffe, Barack Obama’s, Rachel Maddow, Joy Reid, Biden, , ” Reid, , Nicolle Wallace, ” Wallace, Chris Hayes, Nicholas Kristof, “ Joe Biden, , ” David Corn, Mother Jones, ” Mehdi Hasan, ” Hasan, Symone Sanders Organizations: CNN, MSNBC, Democratic, Fox News, Republican, Trump, ” New York Times, Biden Locations: Atlanta, America
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