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☆ Behind the curtain on Democrats’ unprecedented digital advertising campaign
▼ + stars: | 2024-10-30 | by ( David Wright | ) edition.cnn.com time to read: +13 min

CNN —Democrats are mounting an unprecedented digital advertising campaign in the closing weeks of the presidential race, pouring hundreds of millions of dollars into a targeted effort that the party hopes will tip the balance in one of the closest elections in US history. The effort is being steered by Future Forward PAC, or FF PAC, the largest single-candidate super PAC in the 2024 election. The 2024 election is poised to break the record set by the 2020 election and see $10.2 billion worth of campaign advertising, according to the ad tracking firm AdImpact. The ad laboratoryWith its massive war chest, FF PAC has faced the challenge of effectively and efficiently distributing its resources. FF PAC has not engaged in a comparable turnout effort, leaving that traditional campaign activity to the cash-flush Harris operation.

Persons: Kamala Harris, Donald Trump’s, Harris, ’, Joe Biden’s, Trump, Michael Bloomberg, Dustin Moskovitz, Reid Hoffman, –, John Kelly, “, ”, Ian Sams, Roe, Wade, ” Margit Westerman, we’ve, Peacock, Elon Musk, Harris ’ Organizations: CNN, Future Forward PAC, FF PAC, PAC, FF, Super, Democratic Party’s, Citizens United, Commission, Biden, Trump, Democratic, New York, Facebook, LinkedIn, Bloomberg, New York Times, PAC’s, YouTube, Olympics, Hulu, Univision, Warner Bros, GOP countereffort FF, Republican, Google, Harris, Republicans, Preserve, America PAC, Restoration PAC, America PAC –, MAGA Inc, GOP, Inc, Elon, FF PAC’s, Department of Justice Locations: Pennsylvania, Michigan , Wisconsin , Arizona , Nevada , North Carolina, Georgia, AdImpact, Preserve America, Philadelphia

☆ Europe prepares for 'America First' push no matter who wins the U.S. election
▼ + stars: | 2024-10-30 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Former President Donald Trump and Vice President Kamala Harris are shown on screen during a debate watch party at the Cameo Art House Theatre in Fayetteville, North Carolina, on Sept. 10, 2024. European politicians and policymakers are busy preparing for more American protectionism regardless of who emerges as the next leader of the White House after elections next week. The presidential race has remained a dead heat going into its final few days, with polling consistently rating the candidates, Vice President Kamala Harris and former President Donald Trump, as being tied within key battleground states and across the country. "Whoever wins will be 'America first'," a senior European diplomat, who did not want to be named due to the sensitive nature of the transatlantic relationship, told CNBC last week. The comments come after a warning from German Finance Minister Christian Lindner, who on Friday told CNBC there could be retaliation if the U.S. kicked off a trade war with the European Union.

Persons: Donald Trump, Kamala Harris, Christian Lindner, it's Organizations: Art House Theatre, White, CNBC, German Finance, Friday, European Union, European, EU, U.S, European Commission Locations: Fayetteville , North Carolina, European, U.S, Washington ,, United States

☆ Microsoft is still spending massively on AI
▼ + stars: | 2024-10-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Investors have been focused on Big Tech AI spending and returns. That's a worry at Microsoft partly because feedback on the company's Copilot AI has been mixed. Others have been concerned that Big Tech spending on artificial intelligence is outpacing results. Goldman said Microsoft has been counting on its AI Copilot and other generative AI efforts at Windows, Edge, and Microsoft 365 to draw enterprise clients. AdvertisementMuch of Microsoft's spending has been going toward data centers, graphics processing units, and other AI projects.

Persons: —, Jeremy Goldman, Goldman, it's, Satya Nadella, Francine McKenna Organizations: Investors, Big Tech, Service, Microsoft, Apple, Windows, Bloomberg Locations: Redmond, Washington, OpenAI

CNN has reached out to Terada for comment on the R-FBI’s role in Russian disinformation efforts, and ties to the state. Storm-1516 and R-FBI network members have spread at least 54 different disinformation narratives online since August 2023, according to Clemson and CNN’s analysis. “Does anyone believe that an American would be the spearhead of what some call the biggest Russian Disinformation operation since the cold war? TelegramAnother prominent figure in propagating Russian disinformation is American Tara Reade, a former Senate staffer who in 2020 accused then-presidential candidate Joe Biden of sexual harassment. The links between Terada’s group and other Russian disinformation efforts are at best opaque, which is likely no accident.

Persons: –, Yevgeny Prigozhin, Wagner, Mira Terada, Kamala Harris, Tim Walz, Harris, Walz, Morgan Finkelstein, “ Vladimir Putin, Donald Trump, Trump, ”, Win McNamee, ” Darren Linvill, Patrick Warren, “, Biden, Warren, Kamala, Influencers, John Mark Dougan, Dougan, he’s, Andrew Harnik, MAGA, IMbaMm8YVF, Darren Linvill, Linvill, ” Clemson, Maxim Shugaley, Terada, Vladimir Putin’s “, ” Prigozhin, Konstantin Pridybaylo, Ruslan Ostashko, Colin Gerard, Gerard, Alexander Dugin, picturing, Tara Reade, Joe Biden, Reade, ” Chay Bowes, Simeon Boikov, podcaster, Bowes, ” Warren, Sean Lyngaas, influencers Organizations: CNN, Clemson University’s, Russian Foundation, FBI, Storm, Democratic, Minnesota Gov, Clemson, Getty, NBC, Wired, Prigozhin’s, Internet Research Agency, Miami Chronicle, Boston Times, DC, IRA, Russian, Gov, National Intelligence, US State Department, Minnesota, Apple, Trump, Infrastructure Security Agency, ’, Federal Bureau, Investigation, Kremlin, Wagner Group, US Justice Department, ANO Dialog, BRICS Journalists Association, Washington Post, Center, Forensics Locations: Russian, Ukraine, West, San Francisco, Zambia, Savannah , Georgia, ”, “, American, Zambian, St . Petersburg, Florida, Moscow, Russia, Kazakhstan, Minnesota, Philadelphia , Pennsylvania, Bucks County , Pennsylvania, Bucks County ,, French, Irish, Sydney, European

☆ Johnson vows health care overhaul if Republicans win: ‘No Obamacare’
▼ + stars: | 2024-10-30 | by ( Sarah Ferris | ) edition.cnn.com time to read: +4 min

And it’s particularly notable after the Republican party’s high-profile failure to repeal key parts of the health care law during Trump’s first term in office. “Health care reform is going to be a big part of the agenda,” Johnson said at the event. And he said it wouldn’t just be health care getting a massive “free market” overhaul. “We know they’ll do it because I’m convinced that if Roe v. Wade can fall, then anything can fall.”The once-contentious health care law has not been a major theme of the 2024 campaign. Taking a different tact than his previous campaigns, Trump himself has stressed to voters that he wouldn’t eliminate the health care law.

Persons: Mike Johnson, Donald Trump, Johnson, Vance, ”, Trump’s, ” Johnson, Ryan Mackenzie, Susan Wild, Sen, John McCain, Hakeem Jeffries, “, ” Jeffries, I’m, Roe, Wade, There’s, Trump, Kamala Harris, Johnson’s Organizations: CNN —, Affordable, White, CNN, GOP, Republican, Democratic, Republicans, GOP Doctors Caucus, House Democrat, Congress, Trump, NBC News Locations: Pennsylvania, Bethlehem , Pennsylvania, Lehigh, Washington, Michigan, Lansing , Michigan

☆ S&P 500 to move 2% on election, with some markets set to be even more volatile, options indicate
▼ + stars: | 2024-10-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Options traders are buckling down for outsized volatility around next week's election, according to Goldman Sachs. Two of the funds with the highest implied volatility are linked to China: the KraneShares CSI China Internet ETF (KWEB) and the iShares China Large-Cap ETF (FXI) . Crypto is already a volatile area, but Trump's embrace of the industry during his campaign could spark a significant reaction. The options market implies a move of more than 7% for ProShares Bitcoin ETF (BITO) , according to Goldman. BITO, which holds bitcoin futures, did not exist in 2020, so there are no prior election comparisons for the fund.

Persons: Goldman Sachs, John Marshall, Donald Trump's, Crypto, Goldman, BITO Organizations: CSI China Internet, Regional Banking, Republicans, ProShares, U.S . Securities, Exchange Commission Locations: China, U.S

☆ The business leaders that Kamala Harris could recruit for her Cabinet
▼ + stars: | 2024-10-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Kamala Harris has many powerful business ties to assemble a potential Cabinet. Mark Cuban and her brother-in-law, Uber's Tony West, may be out of contention. AdvertisementBillionaire business leaders and Silicon Valley elites are throwing their support behind Donald Trump and Kamala Harris in ways both loud and quiet. Additionally, Harris' brother-in-law, the Uber executive Tony West, is currently on leave to assist with the campaign, but plans to return to work after the election. AdvertisementSo what business leaders could Harris ultimately tap if she prevails in November?

Persons: Kamala Harris, Mark Cuban, Uber's Tony West, Harris, —, Donald Trump, Trump, Elon Musk, Uber, Tony West Organizations: Service, Silicon, Wall, SEC, ABC

☆ American Battleground: How ‘brat summer’ set up Kamala Harris’ remarkable run
▼ + stars: | 2024-10-30 | by ( Tom Foreman | ) edition.cnn.com time to read: +21 min

Chief among them, the person the outgoing president tapped to replace him on the ticket, Vice President Kamala Harris. “People understood that if you didn’t choose Kamala Harris, you’d have a big problem with your base voters,” Etienne says. He’s had plenty of women who worked for him over the years, but there was no one who looked like Kamala Harris and there was no one in a position of authority. Vice President Kamala Harris and Minnesota Gov. Elijah Nouvelage/AFP/Getty ImagesComing Thursday: How cat people are still haunting Trump’s campaign

Persons: Joe Biden, Donald Trump, Read, ” Joe Biden, CNN’s MJ Lee, Nancy Pelosi, Biden, Lee, “, ”, Pelosi, “ America’s, Evan Vucci, Trump’s, Team Trump, “ Trump, unpleasantly, Tim Alberta, NPR’s Michel Martin, Kamala Harris, “ Joe Biden’s, California’s Gavin Newsom, Michigan’s Gretchen Whitmer, J.B, Pritzker, Kentucky’s Andy Beshear, Maryland’s Wes Moore, Pennsylvania’s Josh Shapiro, Sens, Amy Klobuchar, Joe Manchin, Pete Buttigieg, Harris, ” Lee, Ashley Etienne, Barack Obama, you’d, ” Etienne, Trump, Harris ’, ‘, “ Kamala, I’ve, Ron Bieber, cheaters, Donald Trump’s, “ We’re, Kevin Mohatt, CNN’s Kristen Holmes, CNN’s Phil Mattingly, Van Jones, he’s, Rachel Scott, Vincent Alban, Obama, Hillary Clinton, Lyin, Kamala ”, Etienne, Treene, Jeff Zeleny, detests Biden, viscerally detests, He’s, Tim Walz, Ohio Sen, JD Vance, Walz, ” Vance, Vance, Brendan Smialowski, CNN’s Edward, Isaac Dovere, Beyoncé’s, Roe, Wade, smirking, Elijah Nouvelage Organizations: CNN, Guardian, White, Republican National Convention, Team, Trump, Governors, Democratic National Convention, Naval, Democratic Party, Harris, Biden, Democratic, AFL, National Association of Black Journalists, ABC, Howard University, Minnesota Gov, Marine, Army National Guard, United States Marine Corps, Ohio Republican, Arlington National Cemetery, Pentagon, Getty, Republicans, “, Fox News, ABC News Locations: Wilmington, Delaware, Atlantic, Michigan’s Gretchen Whitmer , Illinois, Minnesota, West Virginia, Michigan, Wisconsin, West Allis , Wisconsin, Trump, Jamaica, India, United States, Iraq, United States of America, Afghanistan, Philadelphia, AFP, Roe, Alabama, Atlanta

☆ Millions of Movers Reveal American Polarization in Action
▼ + stars: | 2024-10-30 | by ( Ronda Kaysen | Ethan Singer | ) www.nytimes.com time to read: +15 min

Mr. Troyer, the Republican, moved to a more Republican neighborhood. Mr. Biden won Georgia in 2020, the first time a Democrat won the state since 1992. Over the same span, at least 10,000 more Republicans than Democrats moved out of the state — a third of them to Florida. In Pennsylvania, this year’s key battleground, Democratic gains actually came amid population loss: For both parties, more voters moved out than in. He says he feels more comfortable in his home in southwest Charlotte, in a precinct Mr. Biden carried by 46 points.

Persons: Joshua Fisher, Ryan Troyer, Fisher, Troyer, Donald J, Trump, Biden, uproot, Mr, —, Ben Brewer, don’t, “, ”, James Gimpel, Nobody, ‘ Gee, ’, Amanda Kathleen Greene, “ It’s, Erin Thompson, Caitlin O'Hara, Andrew Clohessey, He’d, ” Naomi Hattaway, Audra Melton, Naomi Hattaway, Robert LaRoche, that’s Organizations: Voters, Republican, Democrat, New York Times, Democrats, Republicans, Mr, —, Democratic, Georgia, Michigan — Democrats, The New York Times, University of Maryland Locations: Sioux Falls, S.D, Charlotte, N.C.Biden, Otsego, Minn.Trump, Georgia, Florida, In Arizona, California, Arizona, — Pennsylvania, Wisconsin, Michigan, Pennsylvania, Texas , Arizona, Nevada, Minnesota, Minneapolis, N.C, South Dakota, Seattle, Gilbert, Phoenix, Cedar Falls , Iowa, Atlanta, Omaha, Las Vegas, Spring Hill, Fla, Tampa

☆ Former Donald Trump Administration Officials Call Him a ‘Liar’ and ‘Fascist’
▼ + stars: | 2024-10-30 | by ( Michael D. Shear | June Kim | ) www.nytimes.com time to read: +12 min

Once Top Advisers to Trump, They Now Call Him ‘Liar,’ ‘Fascist’ and ‘Unfit’ Many of those who served in former President Donald J. Trump’s administration — especially his generals, ambassadors and other national security officials — have since turned on Mr. Trump. Mr. Trump and those around him rejected the criticism as little more than sour grapes. Mr. Pence ran against Mr. Trump and refused to endorse him. director , said when asked if Mr. Trump would be sentenced to jail time after being convicted of falsifying business records. People who once worked for Mr. Trump at the highest levels now describe him as unintelligent, chaotic, a danger to American democracy and more.

Persons: ’, Donald J, —, Trump, “, Mark Milley, John Kelly, John, Nikki Haley U.N, Rex Tillerson, Mike Pompeo, Trump’s, Bob Woodward, Mr, Woodward, Milley, Kelly, Milley denigrating, Mike Pence, Pence, Kamala Harris, Harris, ’ ” John Kelly, “ Donald Trump, ” James Mattis, ” John, Ill, “ Trump, H.R, ” James Comey F.B.I, ” Rex Tillerson, ” John Kelly White, ” Richard Spencer, it’s, ” Nikki Haley U.N, baselessly, ” Tom, I’ve, ”, Mark Organizations: Trump, ’, Mr, Chiefs, John Bolton, Marine Corps, ” John Bolton, McMaster National, United, ” John Kelly White House, Republican, Capitol Locations: United States, ”, American

☆ Arizona is the epicenter of the debate over how Trump's mass deportation plan would hit the economy
▼ + stars: | 2024-10-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

Donald Trump proposed mass deportation to lower housing costs and boost job opportunities. AdvertisementThe mass deportation of people living in the US illegally has been one of the cornerstones of the Republican presidential ticket leading up to the November election. Many Democrats say mass deportations would hurt businesses and employment opportunities for all Americans, in addition to separating families and displacing millions of people. She told BI that a mass deportation would devastate the agriculture, construction, and hospitality industries. AdvertisementHow much a mass deportation would cost the governmentThe Trump campaign has talked little about how mass deportations could be implemented and on what scale.

Persons: Donald Trump, —, Trump, Kamala Harris, Biden, Harris, Douglas Nicholls, Nicholls, Regina Romero, Romero, " Romero, Duncan Braid, Braid, Davis, Chloe East, Taylor Rogers, Trump's, Rogers, hasn't, Marcus Noland Organizations: Service, Republican, Pew Research Center, Business, Pew Research, Trump, Immigration, Customs, American Compass, University of California, Brookings Institution, ICE, New York Times, American Immigration, Taxation, Economic, Manhattan Institute, FEMA, RNC, Peterson Institute for International Economics, American Immigration Council, Peterson Institute Locations: Los Angeles, Springfield, Aurora, Ohio, Colorado, Arizona, Yuma , Arizona, Mexico, Yuma, Tucson, Reading , Pennsylvania, US, Aurora , Colorado

In Michigan, Harris holds a lead over Trump by 48% to 43% among likely voters. Among those likely voters who say they’re extremely motivated to vote in Michigan, 51% support Harris to 45% for Trump. In Wisconsin, they break 52% Harris to 47% Trump, and in Pennsylvania, they divide 50% for Harris to 47% for Trump. Harris holds a wider lead among Black voters in Michigan (83% Harris to 12% Trump) than she does in Pennsylvania (76% Harris to 21% Trump). Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.

Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Robert F, Kennedy, Jr, Trump, –, that’s, Elissa Slotkin, Mike Rogers, Pennsylvania’s Democratic Sen, Bob Casey, Dave McCormick’s, Democratic Sen, Tammy Baldwin, Republican Eric Hovde’s, Harris ’, Biden Organizations: CNN, Electoral College, SSRS, Trump, White House, Trump ., White, Harris, Black, Keystone State, Suburban, Michigan Democratic, Republican, Pennsylvania’s Democratic, Senate, Democratic Locations: Michigan, Wisconsin, Pennsylvania, Trump . In Michigan, Trump . In Wisconsin, Trump, Michigan , Pennsylvania, Southern, Western

☆ UK borrowing costs spike after extensive tax hikes announced in budget
▼ + stars: | 2024-10-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Maja Smiejkowska | ReutersLONDON — U.K. borrowing costs on Wednesday touched their highest level since Labour took office, after Finance Minister Rachel Reeves unveiled a vast package of tax hikes in her first budget. The yield had cooled to a 3 basis point rise to 4.35% by 4:00 p.m. U.K. time (12:00 p.m. The yield on 2-year bonds, which in the U.K. are known as gilts, were over 6 basis points higher at 4.33% after rising by as much as 10 basis points. The Treasury separately said it would raise gilt issuance by £22.2 billion ($28.9 billion) to £299.9 billion for the fiscal year to meet its net financing requirement. Those included the facts that many key policies had already been announced, and that any increase in borrowing would be to fund public investment.

Persons: Rachel Reeves, Maja Smiejkowska, Reeves, Liz Truss Organizations: Reuters LONDON, Labour, Treasury, Conservative Party, Bank of England Locations: London, Britain

☆ Self-harm: Why it happens and how to treat it
▼ + stars: | 2024-10-30 | by ( Kristen Rogers | ) edition.cnn.com time to read: +13 min

Editor’s Note: This story contains details of self-harm that some readers may find upsetting or triggering. She had just recently learned about self-harm after asking a friend about her many bandages and long sleeves. In 2019 there were 363,000 emergency department visits for self-harm, according to the US Centers for Disease Control and Prevention. Self-harm can also be a form of self-punishment among those feeling guilt or shame and thus like they deserve physical pain. You should of course use common sense and not let someone have their self-harm toolkit in their bedroom, for example, Whitlock added.

Persons: Megan, ” Megan —, —, ”, ” Megan, “, Megan’s, Janis Whitlock, Whitlock, Jeremy Jamieson, There’s, Vibh Forsythe Cox, Marsha M, Linehan, Cox, ” Whitlock, DBT, suicidality, don’t, ‘, ’ ” Whitlock, Whitlock doesn’t, Michele Berk, Benjamin Veness, Berk, ” “, Matt Villano Organizations: International Association for Suicide Prevention, Befrienders, CNN, Houston, Cornell Research, Cornell University, US Centers for Disease Control, University of Rochester, University of Washington, JED, Parents, Stanford University in Locations: New York, Seattle, Boston, Norway, Stanford University in California, Las Vegas, California

☆ I tried Apple Intelligence for 48 hours. These are my favorite AI features so far.
▼ + stars: | 2024-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

I tried out Apple Intelligence on an iPhone 16 Pro Max over the first few days of its rollout. The iOS 18.1 update introduced AI tools like writing aids and photo editing on newer iPhones. AdvertisementI've been testing out Apple Intelligence for 48 hours, and it's already changing the way I use an iPhone. For transparency, I own an iPhone 14 Pro Max — an older model that can't support Apple's newly rolled-out AI features. AdvertisementThe tools aren't perfect, and Apple has said that outcomes can vary when it comes to Apple Intelligence.

Persons: Max, —, Max —, I've, Jordan Hart, Apple Organizations: Apple Intelligence, Service, Max, Apple, Worldwide, Conference

☆ Asia-Pacific markets set for mixed open; Australia inflation data in focus
▼ + stars: | 2024-10-30 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.

Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong

☆ Here are Wednesday's biggest analyst calls: Apple, Alphabet, Snap, Boeing, First Solar, Reddit, AMD & more
▼ + stars: | 2024-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Advanced Micro Devices as buy Bank of America said the stock is best positioned following earnings on Tuesday. JPMorgan reiterates First Solar as overweight The firm said the solar company is still best positioned following earnings on Tuesday. "Attractive entry point ahead of EDN's tariff review, a key value driver that could drive significant earnings growth & trigger stock re-rating. "We remain confident in BOOT's ability to deliver attractive relative earnings growth supported by compelling unit expansion opportunity." Raymond James downgrades Crocs to market perform from outperform Raymond James downgraded the shoe company following earnings citing margin pressures.

Persons: Wells, Reddit, Morgan Stanley, Raymond James, it's, Bernstein, Baird, Raymond James downgrades Qorvo, Barclays downgrades Lear, Goldman Sachs, Chipotle, Goldman, Raymond James downgrades Crocs, Wedbush downgrades Williams Organizations: Bank of America, Devices, AMD, JPMorgan, Catalyst, " Bank of America, DoJ, Citi, YouTube, Bank of, Holdings, of America, Incyte, Boeing, UBS, Barrick Gold, Barrick, Barclays, CMG, Walmart, Apple, Apple Intelligence, 3Q, 4Q, WSM Locations: China, OW, America, Sonoma

☆ Trump’s social media stock plunges 20%, flirting with its worst day since going public
▼ + stars: | 2024-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback. Truth Social owner Trump Media & Technology Group’s share price plunged about 20% on Wednesday afternoon. If Trump Media finishes with a loss of more than 21%, it would qualify as its worst one-day loss since going public in March. Trump Media did not release any major news that would explain the nosedive. Trump Media’s stock has been extraordinarily volatile all year.

Persons: Donald Trump’s, It’s, “, ” Dan Ives, ” Matthew Tuttle, Wednesday’s selloff, ” Tuttle Organizations: New, New York CNN, Social, Trump Media & Technology, Trump Media, Trump, White, Elon Musk, CNN, CBS, Paramount Global, GameStop, Wedbush Securities, Tuttle Capital Management Locations: New York

☆ Why experts are skeptical of Elon Musk’s lofty pro-Trump predictions based on early vote data
▼ + stars: | 2024-10-30 | by ( Marshall Cohen | Ethan Cohen | ) edition.cnn.com time to read: +6 min

Partisans from both sides routinely cite early voting data to promote their candidates and express optimism or try to juice turnout based on supposedly weak numbers. Like many political observers, including at CNN, Musk has noticed the better-than-2020 GOP performance in early voting in North Carolina, Nevada and other key states. Registered Republicans make up about 32% of the early vote in Pennsylvania so far, up from 21% at this point in 2020. The improved GOP position in early voting that Musk highlighted is happening in other states as well. Not all registered Republicans will vote for Trump, and not all registered Democrats will back Harris.

Persons: Elon Musk, Donald Trump, Kamala Harris, ”, won’t, David Becker, Trump, Musk, ” Becker, would’ve, isn’t, Ben Ginsberg, “, ” Ginsberg, Harris, ” Isaac Saul Organizations: CNN — Tech, –, Election Innovation, Research, Trump, ” Trump, CNN, Musk’s, Pennsylvania, Republican National Committee Locations: Pennsylvania, Virginia, Pennsylvania –, North Carolina , Nevada, New Jersey, Catalist, North Carolina, Arizona

☆ Euro zone economy grows 0.4% in third quarter, above expectations
▼ + stars: | 2024-10-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday. Analysts say euro zone growth should cautiously pick up in the coming months, amid lower interest rates and cooling inflation. The ECB cited persistent signs of weak activity in the euro area as a key factor in the central bank's decision to enact an October cut. Markets have fully priced another 25-basis-point cut from the ECB in its last meeting of the year in December. The euro zone's biggest economy, Germany, recorded surprise growth of 0.2% in the third quarter, according to figures published on Wednesday.

Organizations: Reuters, European Central Bank, ECB Locations: Madrid, Spain, Germany

☆ Reddit just won earnings season with huge pop. What analysts see from here
▼ + stars: | 2024-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Additionally, Reddit guided for fourth-quarter revenue of between $385 million and $400 million, while analysts had estimated an average of $357.9 million. Josey wrote that Reddit's continued user growth and engagement gains have boosted the company — and should continue to do so. JPMorgan analyst Doug Anmuth raised his price target to $110 from $77, while Bank of America analyst Justin Post lifted his target price to $99 from $84. These updated objectives respectively imply that Reddit stock could rise 35% and 21% from its Tuesday close. Shmulik's $85 price target, raised from $65, is just 4% higher than the stock's Tuesday closing price.

Persons: Reddit, LSEG, Ronald Josey, Josey, Reddit's, Morgan Stanley, Doug Anmuth, Justin Post, Brian Nowak's, Bernstein, Mark Shmulik, Shmulik, Jekyll, Hyde, that's Organizations: Citi, Bank of America, JPMorgan Locations: Reddit, Tuesday's

You’ve probably heard a lot about the gender gap in presidential politics by now. And this most of all: In modern presidential politics, the gender gap has never been wider, but it gets particularly large when we break out gender by educational attainment. KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump +40 Dem. KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump +40 Dem. The story of this election could well be the gender gap between those Americans who went to college and those who didn’t.

Persons: You’ve, Donald Trump, Kamala Harris, Harris, Trump, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris, Joe Biden, Hillary Clinton’s, —, Trump’s, JD Vance, ”, Vance, Biden, Ronald Reagan, Reagan, Joe Rogan’s, Joe Rogan, Brené Brown, Wade, Joe Biden’s, Amanda Iovino, Glenn Youngkin’s Organizations: Trump, Harris, women, Pew, Mr, Pew Research, Facebook, Democratic, Pew Research Center, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump, ., Election, Republicans, Republican Party, Democratic Party, America, Lake Research Partners, Democratic National Committee, WPA Intelligence, Republican, Republican National Convention, Democratic National Convention, YouTube Locations: American, New York, Roe

☆ U.S. election won't be an 'uneventful event' for global markets, UBS chief says
▼ + stars: | 2024-10-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The outcome of upcoming elections in the world's leading economy is set to ripple into global markets no matter who clinches leadership of the White House, UBS head Sergio Ermotti told CNBC on Wednesday. "We do expect, no matter who wins and the outcome, we do expect some market movements. Markets are bracing as voters flock to the polls on Nov. 5, with the U.S. holding both the world's foremost reserve currency and the largest stock exchange by market capitalization. Under a [Donald] Trump presidency, we see that as being inflationary on the back of his focus on immigration and on tariffs. But we don't see any outcome as being particularly growth positive.

Persons: Sergio Ermotti, CNBC's Annette Weisbach, Ermotti, Donald, Trump, Arun Sai, CNBC's Organizations: White House, UBS, CNBC, Swiss, U.S, U.S . Federal, . Treasury, Pictet Asset Management, Trump Locations: U.S

☆ Argentina’s Milei fires foreign minister after vote to lift embargo against Cuba
▼ + stars: | 2024-10-30 | by ( ) edition.cnn.com time to read: +2 min

Buenos Aires Reuters —Argentina’s President Javier Milei on Wednesday replaced Foreign Affairs Minister Diana Mondino after she voted in favor of lifting the US embargo against Cuba at the United Nations. Earlier on Wednesday, the UN General Assembly overwhelmingly called on the US to end its decades-long sanctions regime on Cuba, in a non-binding resolution opposed only by the US and Israel. Milei was having lunch when he received a call from Werthein inquiring about Argentina’s vote in favor of lifting the embargo on Communist-ruled Cuba, angering the right-wing leader, local news outlet TN reported. Earlier this year, Argentina’s state energy company YPF said it would not provide fuel to Cuban airline Cubana, prompting the state-run carrier to shut down a route run between Havana and Buenos Aires. Cuba’s foreign ministry at the time said Argentine officials cited the US embargo in defending the move.

Persons: Javier Milei, Diana Mondino, Milei, ” Gerardo Werthein, Manuel Adorni, Milei’s, YPF Organizations: Buenos Aires Reuters —, Wednesday, Foreign, United Nations, United, UN, Assembly, Mondino, Cubana Locations: Buenos Aires, Cuba, United States, Argentina, Venezuela, Israel, Brazil, China, Communist, Cuban, Havana

☆ China's warplanes have all but erased the dividing line in the Taiwan Strait, creating a dangerous new normal
▼ + stars: | 2024-10-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

AdvertisementChina's warplanes are pressuring Taiwan and have all but eliminated an important dividing line, with near-daily incursions creating a dangerous new normal. Since 2020, Taiwan has released regular, almost daily updates on incursions in its air defense identification zone by Chinese military aircraft. In 2021, the Chinese military flew 972 aircraft into Taiwan's ADIZ, and that number nearly doubled in 2022. "We've become desensitized to high numbers of the military aircraft flying across the median line of the Taiwan Strait," Shattuck told Business Insider. AdvertisementChinese incursions are tiring out Taiwan's forcesThe near-daily ADIZ incursions aren't just changing the status quo in the area; they're also exhausting Taiwan's military.

Persons: —, Thomas J, Shattuck, Benjamin Lewis, They're, Nancy Pelosi, We've, hasn't, Lai Ching, of National Defense Yen Teh, Lewis, Lai, Taiwan's, Amanda Hsiao, GAO Organizations: Service, Foreign, Research, deconfliction, Taiwan, Getty, CAP, People's Liberation Air Force, Taiwan's Military News Agency, Anadolu, Getty Images, People's Liberation Army, of National Defense, Democratic Progressive Party Locations: Taiwan, China, AFP, Taiwan Strait, Taiwan's, Getty Images China, Taipei, Washington, Beijing, Taiwan's ADIZ, United States

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