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The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s Consumer Confidence Index jumped in October by the fastest clip since March 2021. In September, jitters over the job market’s health weighed on consumer confidence, but economic data after that showed that the job market remains solid. “Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data,” Peterson said. Data for September pointed to a robust job market, which translated into better consumer confidence.
Persons: , ” Dana Peterson, jitters, ” Peterson, Kamala Harris, , Lael Brainard, Robert Frick, August’s Organizations: Washington CNN, Conference Board’s, White House, Navy Federal Credit Union
Kyiv, Ukraine CNN —The Russian Defense Ministry claimed Tuesday it had taken the Ukrainian town of Selydove, southeast of the key city of Pokrovsk in the Donetsk region. Russian forces have been advancing on Selydove in the last several weeks, according to frontline reports. Selydove was an important staging area for Ukraine’s defenses and a key foothold to prevent Russia’s advance toward Pokrovsk. On Sunday, a spokesman for a Ukrainian national guard brigade fighting in Selydove told CNN the town had been “constantly attacked from several directions” for a week. Selydove is a large town where you can accommodate a large number of people and hide equipment.”Video released by Russian state media TASS on Tuesday reportedly shows troops raising the Russian flag in Selydove.
Persons: Selydove, Russia’s, , Vitaliy Milovidov, Kryvyi Rih Organizations: Ukraine CNN, Russian Defense Ministry, CNN, TASS, Russian Locations: Kyiv, Ukraine, Selydove, Pokrovsk, Donetsk, Ukrainian, , Russia, Kharkiv, Kryvyi, Ukraine’s, Russian
However, on "Mad Money" following the release, Jim said Alphabet delivered an "unambiguously great quarter." Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Revenue for the Google Search, YouTube ads, and Google Network line items totaled $65.85 billion. That was up more than 10% from the year-ago quarter, though it was a slower growth rate than in the second quarter. The company exited the quarter with $93.23 billion in cash, cash equivalents, and marketable securities on its balance sheet.
Persons: It's, Jim Cramer, Jim, it's, Sundar Pichai, We're, Waymo, Anat Ashkenazi, Pichai, Jim Cramer's, Justin Sullivan Organizations: Google, U.S, European, Justice Department, Big Tech, Nvidia, YouTube, Microsoft, Revenue, Google Services, Walmart, Dallas Fort, CNBC Locations: U.S, Dallas, Dallas Fort Worth, Mountain View , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia is a 'key player' for Middle East stability, former U.S. diplomat saysJoseph Westphal, former U.S. ambassador to Saudi Arabia, says the U.S. has to become a more consistent friend to its allies and develop more strategic relationships with countries like Saudi Arabia.
Persons: Joseph Westphal Organizations: Saudi Locations: Saudi Arabia, U.S
PayPal drops more than 6% premarket on revenue miss
  + stars: | 2024-10-29 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +2 min
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. PayPal reported net income of $1.01 billion, or 99 cents per share, compared to $1.02 billion, or 93 cents per share, a year earlier. "PayPal delivered strong financial and operating results during a highly productive third quarter," Chriss said in the earnings release. PayPal reported total active accounts of 432 million, up 1% from a year earlier, and beating the average estimate of 430.5 million.
Persons: Alex Chriss, Chriss Organizations: PayPal, LSEG, Meta Locations: San Jose , California, Braintree
Early voting trends cannot predict the outcome of an election, but they can provide clues about who is voting – at least so far. Early voting in Georgia and North CarolinaWhile preelection turnout is generally down, Georgia is an outlier. Compared with the same point in 2020, early voting turnout is roughly the same – down just 1%, according to Catalist’s data. The state also now doesn’t accept mail ballots that arrive after Election Day, even if they are postmarked before the polls close. There’s also a clear partisan difference in how people are voting early in North Carolina.
Persons: Catalist, Joe Biden, Bill Clinton, it’s, Donald Trump, Kamala Harris, Trump, There’s, White, , CNN’s Edward Wu Organizations: CNN, District of Columbia, Edison Research, Republican, Republican Party, Republicans, Michigan voters Locations: Georgia, North Carolina, Arizona, Nevada, Pennsylvania, Michigan , Wisconsin, Michigan, Wisconsin, Badger
Tuesday, October 29, 2024: Cramer says buy this toolmaker's stock after a downgradeJim and Jeff discuss the share drop of this retail stock. They also explain why they trimmed this manufacturing stock. Finally, they discuss the key levels they're watching for this housing stock.
Persons: Cramer, Jeff
The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models. Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions. He said that finding new designs for components or using new suppliers will be key to reducing EV costs. Chinese EV makers have been on a roll this year.
Persons: Ford, , Jim Farley, Farley, I've, Stellantis, Tesla Organizations: Ford Pro, Ford, Service, Companies, EV, European Union, Motors, Chrysler Locations: Russia, Shanghai, Chicago, China
Democratic presidential nominee U.S. Vice President Kamala Harris walks to board Air Force Two to depart for Michigan, at Joint Base Andrews, Maryland, U.S. October 28, 2024. Vice President Kamala Harris will make her closing argument to voters Tuesday evening at a Washington rally that is expected to draw as many as 20,000 supporters to the National Mall. Harris will draw contrasts between herself and Trump, and encourage voters to turn the page on the era of American politics that Trump ushered in. In turn, Harris has worked to paint herself as the non-incumbent candidate who represents a new generation of American leadership — though that is a delicate balance given her current role in the Biden administration. Most visibly, former Vice President Dick Cheney and his daughter, former Rep. Liz Cheney.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Biden, Joe Biden, Taylor Swift, Dick Cheney, Liz Cheney Organizations: Democratic, U.S, Air Force, Joint Base Andrews, White, Republican, NBC News, National Park Service, Republicans Locations: Michigan, Joint Base Andrews , Maryland, U.S, Washington
The setup on key earnings this week: Visa, GSK and XPO
  + stars: | 2024-10-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe setup on key earnings this week: Visa, GSK and XPOThe Investment Committee debate how to play these names ahead of their earnings reports.
Organizations: Visa, GSK
But equally important, in their view, was its ability to evoke the promise of the office she seeks. That was not the original intent of Harris’ major address, aides said, but they believe it serves as a timely rebuttal. A permit for the event showed as many as 20,000 people were expected to attend, with spillover onto the National Mall – her first major campaign speech outdoors in Washington. Last week, the leading super PAC supporting Harris’ candidacy raised concerns that the Harris campaign was too closely centering its closing message on calling Trump a fascist. The sweeping backdrop of the White House and the National Mall was designed for maximum effect a week before the final day of voting.
Persons: Kamala Harris, Donald Trump, Harris, , “ It’s, Trump, – Harris, I’ve, ” Harris, , Harris ’, Joe Biden, hasn’t, Biden, John Kelly Organizations: Washington CNN, White, Capitol, Democratic, Trump, Air Force, CNN Locations: Madison, United States, Washington, Michigan, Wilmington , Delaware, America, Detroit
According to the FVAP, only about 5% of American voters in Israel cast their ballot in 2020. AdvertisementHe said American voters in Israel will be asking, '"Which presidency is the one that will save the lives of my children?" He said his in-laws plan to vote for Harris, while his wife may vote for Trump for the first time. In Trump-friendly Israel, American expats are dividedIn general, Israel is Trump-friendly territory. He said that among American voters in Israel, Orthodox Jews are more likely to support Trump, while secular Jews tend to favor Harris.
Persons: , Judith Segaloff, Segaloff, Expats, Donald Trump, AHMAD GHARABLI, iVote, Heather Stone, they've, Kamala Harris, Stone, Sen, JD Vance, Trump's, Harris, Trump, Raphael Gantshar, Gantshar, Benjamin Netanyahu, Abraham, SAUL LOEB, Tzvi Silver, I'm, Silver, Langer, Uriel Abulof, Abulof, Bibi, Here's Organizations: Service, West Bank, International Court of Justice, Republican Overseas, Getty, Voting, Israel, CBS News, Democratic National Committee, Republican, New Yorker, Abraham Accords, Trump, Accords, Langer Research, Jewish, Tel Aviv University's School of Political Science, Israeli, Republicans Overseas Locations: Israel, AFP, iVote Israel, New York , New Jersey, California, Pennsylvania, Michigan, Gaza, Lebanon, New, New Jersey, PORI
When asked whether it's been worth the cost ( $30 monthly per user in the case of Copilot), tech leaders say they aren't sure. According to recent Deloitte research, two-thirds of organizations are increasing gen AI investments based on "strong early value to date." There are multiple reasons why companies will still be short on confidence when it comes to enterprise AI adoption, according to Deloitte. The Azure cloud offering from its biggest AI partner and AI investment, OpenAI, is in use at nearly two-thirds of companies. Forty-six percent of CNBC survey respondents said that within their organizations at least half of employees are now using AI.
Persons: it's, Jim Rowan, Anthropic, Mistral, Eric Schmidt —, Morgan Stanley, Copilot, Rowan Organizations: CNBC, Microsoft, CNBC Technology, Council, Deloitte, Microsoft Microsoft, Fortune, Capital Group, Disney, Dow, Kyndryl, Novartis, Deloitte Consulting, Meta, Silicon, OpenAI, AIs Locations: Europe
AdvertisementWhile your child may naturally excel at their structured activities, parents need to remove the pressure around achieving a certain level of success in their activities. Related storiesIt's also important to check in with your child on how they're feeling about the structured activities they're already involved in. "It's funny that we even call it downtime," Gray told Business Insider. For some kids, downtime may mean catching up on a book alone; for others, it may mean playing a new video game they've wanted to try. AdvertisementFener Sitkoff recommended parents center the idea of balance when considering their involvement with their kids' downtime.
Persons: , Erica Fener Sitkoff, Peter Gray, Fener Stikoff, they're, Gray, Fener Sitkoff, Sitkoff, They're, they've, hasn't, you've, It's Organizations: Service, Boston College, Business
Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.
Persons: David Kelly, , JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson
Several analysts maintained their buy ratings ahead of the results and expect AI-driven gains to appear in its search and YouTube segments. Still, the consensus revenue estimate implies Alphabet could post its slowest year-over-year growth since the third quarter of 2023 . Analysts polled by LSEG expect Alphabet to earn $1.85 per share on $86.3 billion in revenue, implying year-over-year earnings and revenue growth of 19.1% and 12.5%, respectively. Like Sheridan, Black expects Alphabet's AI enhancements to support search and YouTube growth, as AI drives efficiency for advertisers. "While advertisers may express some concerns around consumer sentiment, GOOG Search remains a 'utility-like' component of advertiser budgets," he said.
Persons: Brent Thill, Thill, Goldman Sachs, Eric Sheridan, Sheridan, Benjamin Black, Black Organizations: Google, LSEG, FactSet, Citi Research, Jefferies, CNBC, Deutsche Bank Locations: Monday's
The warmer water injected warmer, moist air into the exceptionally dry, cold air whipping across it. Sea smoke rises from the the Atlantic Ocean off the coast of South Portland, Maine, in February 2023. But seeing it on satellite over Pine Island Glacier was rare because the area is usually shrouded in clouds, according to NASA. Strong winds blow snow into stark lines across Pine Island Glacier. NASA/USGSPine Island Glacier is a vital and highly monitored part of Antarctica that is threatened by a warming world.
Persons: Robert F, ” Thwaites Organizations: CNN, NASA Locations: Antarctica, South Portland , Maine
Major equipment suppliers in Europe say that U.S. chip designers are calling on them to lower their water temperatures to accommodate the hotter AI chips, according to Herbert Radlinger, managing director at NDC-GARBE. Energy efficiency is high on the European Commission's agenda, as it seeks to reach its goal of reducing energy consumption by 11.7% by 2030. The EU predicted in 2018 that energy consumption of data centers could rise 28% by 2030, but the advent of AI is expected to boost that number two or threefold in some countries. Many of the recent discussions have focused on different ways to source "prime power" for AI data centers and for the potential for more collaboration with utilities, said Steven Carlini, chief advocate of AI and data centers and vice president at Schneider Electric. Liquid cooling will require a "reconfiguration," Gunen explained, adding that new data centers are already coming ready with this technology.
Persons: Goldman Sachs, Andrey Korolenko, Nvidia's Blackwell, we've, Winterson, CNBC Michael Winterson, Michael Winterson, Herbert Radlinger, Steven Carlini, Carlini, Schneider, Meta, Gunen, Equinix Organizations: Luza, CNBC, European Data Center Association, NDC, EU, Energy, Directive, Schneider, Schneider Electric, European, Nvidia, Blackwell Locations: Europe, Brussels, Equinix
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Shares of Stanley Black & Decker were pairing some of their post-earnings losses since the Morning Meeting was recorded — down about 9% now. 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, Stocks, Larry Fink, bode, Stanley Black, Decker, Jim, Danaher, Horton, Jim Cramer's Organizations: CNBC, Big Tech, Club, BlackRock, Home, VF Corp, Pfizer, AMD Locations: Riyadh, Saudi Arabia
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The Biden administration said on Monday it is finalizing rules that will limit U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The new rules are effective Jan. 2 and will be overseen by Treasury's newly created Office of Global Transactions. Treasury said the "narrow set of technologies is core to the next generation of military, cybersecurity, surveillance, and intelligence applications." The rule covers technologies like "cutting-edge code-breaking computer systems or next-generation fighter jets," added Paul Rosen, a senior Treasury official.
Persons: Biden, Joe Biden, Treasury's, Paul Rosen Organizations: U.S . Treasury, Global Transactions, Treasury Locations: China, U.S
The 2024 presidential election, explained
  + stars: | 2024-10-29 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +16 min
For Democrats, President Joe Biden dominated the primaries and faced only token opposition. Vice President Kamala Harris speaks as former President Donald Trump listens during a presidential debate at the National Constitution Center in Philadelphia on September 10, 2024. Trump was accused by the Justice Department of election interference after he tried to overturn the 2020 election results. The most populous states are California (54 electoral votes), Texas (40 electoral votes) and Florida (30 electoral votes). The total number of electoral votes, 538, is an even number, which means a tie is conceivable.
Persons: CNN —, Hurricane Helene, Jonathan Drake, Kamala Harris, Tim Walz, Donald Trump, Sen, JD Vance, Ohio, Party’s Chase Oliver, Jill Stein, Robert F, Kennedy Jr, Trump, Harris, Read, Joe Biden, Biden, Saul Loeb, Hillary Clinton, Roe, Wade, Harris ’, Hannah Beier, White, , Barack Obama, Bill Clinton, Clinton, Nathan L, Gonzales, Kent Nishimura Organizations: CNN, Democrat, Minnesota Gov, Republican, Trump, Republicans, Democrats, Capitol, GOP, National Constitution Center, Getty, US, Justice, White, Electoral College, Voters, Washington, White House, Black, North Carolina, Georgia, Electoral, Senate, Bloomberg, Democratic Locations: Indiana, Kentucky, Alaska, Washington state, Oregon, Utah, Hurricane, Marion , North Carolina, Philadelphia, Florida, New York, Alaska , Delaware, , Vermont, Wyoming, California, Texas, Washington ,, Puerto Ricans, Doylestown , Pennsylvania, Pennsylvania, Michigan, Wisconsin, West Virginia, Arizona, Nevada, West, North Carolina, Georgia, East . Arizona , Georgia, Nebraska, Maine, Trump, Omaha, Washington, Montana, Ohio
Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.
Persons: Anat Ashkenazi, , Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP
What is the key to human happiness? That's one of life's biggest questions and Ron Gutman has dedicated a big part of his career to learning more about the topic. In his quest to learn more about human happiness, he decided to conduct some real-world research. Ron Gutman with local spiritual and religious leader, Khedrupchen Rinpoche, during his October 2024 trip in Bhutan. The key to happiness: simplicitySo, what is the key to human happiness?
Persons: Ron Gutman, Gutman, Khedrupchen Rinpoche, Gutman trekked, Bhutan's, Jigme Singye Wangchuck, King Jigme Khesar Namgyel Organizations: TED, Gross, OECD, CNBC, aha Locations: Kingdom of Bhutan, Bhutan, Bhutan The Kingdom, India, China, King, Paro, There's
And the legal challenges could continue for weeks or months to come. The legal team also relies on a team of advisers, including longtime Biden lawyer Bob Bauer, who advises on litigation strategy and voter protection, and former US Solicitors General Don Verrilli and Seth Waxman. In addition, the Harris legal team is supported by a “field counsel” program that coordinates with local firms in each state that can provide specialized knowledge about election law and procedures in each jurisdiction. Sources close to the Trump legal team say they have not only focused on recruiting legal firepower but on identifying viable legal challenges. “What we have to do is protect every voter and every vote, which is what we’re doing,” said Remus, of the Harris legal team.
Persons: Donald Trump’s, Gineen Bresso, David Warrington, Trump, , , Dana Remus, Joe Biden, Kamala Harris, ” Remus, Remus, Barack Obama’s, Obama, Marc Elias, , Bob Bauer, Don Verrilli, Seth Waxman, Harris, ” Bresso, ” Mike Davis, They’ve, ‘ We’ve, We’ve, we’ve, “ Trump, Davis, ” CNN’s Casey Gannon Organizations: CNN, Republican, Warrington, GOP, Republican National Committee, White, Democratic, Trump, Biden, US, Republicans, RNC, Commission, Capitol Locations: Washington, DC, North Carolina, Georgia, Florida
McDonald's executives say E. coli outbreak is 'behind us'
  + stars: | 2024-10-29 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
A week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris Kempczinski, told investors that the situation is now behind them. On Sunday, McDonald's said Quarter Pounder burgers would return to the roughly 900 restaurants where the company had pulled the menu item following the outbreak. McDonald's has stopped sourcing onions from the supplier indefinitely and will return the Quarter Pounder to menus sans slivered onions. As of Friday, 75 health cases across 13 states have been tied to the outbreak, including one death of an older adult. At least three lawsuits have already been filed against McDonald's by victims of the outbreak.
Persons: Chris Kempczinski, we've, Kempczinski, McDonald's, Ian Borden, Borden Organizations: and Drug Administration
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