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Stocks were higher on Tuesday after PPI showed wholesale inflation was less than expected in July. Investors are now bracing for the consumer inflation reading due out on Wednesday. AdvertisementUS stocks were up on Tuesday after the producer price index for July showed wholesale inflation rose less than expected. Data from the Bureau of Labor Statistics showed that producer prices increased 0.1% last month compared to estimates of 0.2%. The cooler-than-expected reading should boost optimism for consumer prices to show a decline in inflation when the consumer price index is released on Wednesday.
Persons: , Chris Zaccarelli, Laxman Narasimhan, Brian Niccol, Elon Musk Organizations: PPI, Investors, Service, Bureau of Labor Statistics, Federal Reserve, Fed, Depot, Bank of America, Starbucks, Trump Media, Elon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSurprised how little tech came up during the Musk-Trump conversation, says Niki ChristoffCNBC’s Steve Kovach and Niki Christoff, Christoff and Company CEO, join 'Squawk Box' to discuss Elon Musk's conversation with former President Donald Trump, takeaways from the X interview, what's behind the Musk-Trump alliance, and more.
Persons: Niki Christoff, Steve Kovach, Elon, Donald Trump, what's Organizations: takeaways, Trump Locations: Christoff
How Elon Musk has turned X into a pro-Trump machine
  + stars: | 2024-08-13 | by ( Clare Duffy | ) edition.cnn.com   time to read: +9 min
But now Musk, who is not only the owner but also the most followed user on X, has shifted to more direct campaigning for former President Donald Trump. Musk announced his official endorsement for Trump in a post last month that received 2.3 million likes. Weeks after it was posted, the video is not labeled with a “community note,” X’s community fact-checking feature that Musk used as justification for slashing the company’s trust and safety team. In a letter, the secretaries urged Musk to “immediately implement changes” on the X platform. But on Monday night, Musk offered to take a role in the potential future Trump’s administration helping to rein in government spending.
Persons: Elon Musk, Donald Trump, Musk, He’s, Hunter, Trump, YOU, Trump’s, , Elon, ” Trump, Kamala Harris, doesn’t, ” Wendy Weiser, Brennan, Harris, , ” Weiser, Kamala, , White supremacists, X, Musk’s, chatbot, Harris ’, ” Lara Cohen, informercial, he’s, ” Musk, “ I’d Organizations: New, New York CNN, Elon, Twitter, Biden, White, Trump, CNN, Fake News, Fake News Media, Center, , Brennan Center for Justice, NYU Law School, Democratic, Street Locations: New York, United Kingdom
Read previewElon Musk and former President Donald Trump live-streamed a wide-ranging discussion on Monday, eliciting reactions from tech and business leaders. Gavin Newsom of California, who has a strained relationship with Musk, got a jab in at both the X CEO and the GOP nominee. Related storiesMark PincusMark Pincus, the founder of Zynga, the gaming company behind FarmVille, praised the former president during the conversation with Musk. Pincus said in an X post. The Harris campaignVice President Kamala Harris' campaign hit out at both Musk and the Trump campaign right after the livestream ended in a statement on X.
Persons: , Elon Musk, Donald Trump, Mark Cuban Mark Cuban, Michael Reaves, Joe Raedle, Mark Cuban, Musk, Trump, Gavin Newsom Gov, Gavin Newsom, Newsom, Ron DeSantis, DeSantis, Aaron Levie, Justin Sullivan, Hannibal Lecter, Levie, Mark Pincus Mark Pincus, Pincus, Elon, David Sacks David Sacks, Sacks, Biden, Harris, Kamala Harris, Donald Trump's Organizations: Service, Trump, Business, Getty Images, Getty, GOP, Lambs, Zynga, Craft Ventures, Democratic, Hollywood Locations: Cuban, California, FarmVille
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla faces tough competition in China and slow EV adoption in the U.S., investment advisory firm saysTesla CEO Elon Musk could be hoping to get support to "slow the advance of the competition he is facing in China," said Bill Russo, founder and CEO of Automobility, a strategy and investment advisory firm.
Persons: Elon, Bill Russo Locations: China, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk interview with Donald Trump was a 'vanity project,' says political consultantSarah Lenti, political consultant and former director at the National Security Council at the White House, comments on the Donald Trump and Elon Musk interview.
Persons: Elon, Donald Trump, Sarah Lenti Organizations: National Security Council, White
Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.
Persons: Donald Trump, , Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, , we’ve, , Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, , Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, , Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, , EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAxios' Stef Kight on Trump/Musk interview: Surprised how often he went after Biden instead of HarrisStef Kight, Axios political reporter, joins 'Squawk Box' to discuss former President Trump's conversation with Elon Musk on X, technical glitches at the start of the event, key takeaways from the conversation, and more.
Persons: Stef Kight, Biden, Harris Stef Kight, Trump's, Elon Musk Organizations: Trump
Elon Musk's daughter Vivian criticized Walter Isaacson's Musk biography over its portrayal of her. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVivian Wilson, Elon Musk's daughter, isn't happy with how she says she was depicted in Walter Isaacson's best-selling biography about her father. Wilson slammed the biography in a series of social-media posts Sunday night.
Persons: Elon Musk's, Vivian, Walter Isaacson's Musk, Isaacson didn't, , Vivian Wilson, isn't, Walter Isaacson's, Wilson, Walter Isaacson Organizations: Service, Business
In July’s NYT/Siena poll of Pennsylvania, Biden’s popularity was well underwater among likely voters, with 39% viewing him favorably and 59% viewing him unfavorably (-20 net rating). By comparison, 45% had a favorable view of former President Donald Trump, while 52% had an unfavorable view (-7 net rating). Half of likely voters view Harris favorable and 48% view her unfavorably (+2 net rating) in Pennsylvania. As for Trump, his rating in Pennsylvania is now at 48% favorable and 51% unfavorable (-3 net rating). When the three battleground state polls are combined, 46% of likely voters hold a favorable view of him, while 53% hold an unfavorable one (-7 net rating).
Persons: Mark Murray, Kamala Harris, Adam Wollner, Vaughn Hillyard, Donald Trump, Elon Musk, Harris, Joe Biden, That’s, Biden, Trump, it’s, Vaughn Hillyard Elon Musk, Musk, Mayra Flores, Ron DeSantis, ” Trump, , , DeSantis Organizations: NBC, White House, Capitol, Elon, New York Times, Siena College, NYT, Democratic, Getty, Twitter, U.S . Capitol, Republican, Trump Locations: Michigan , Pennsylvania, Wisconsin, Siena, Harris, Pennsylvania, In Pennsylvania, Trump’s, Texas
Shares in Trump Media and Technology Group were down about 7% on Monday afternoon after the company reported scant revenues and a net loss in its first full quarter as a public company. Meanwhile, Donald Trump returned to X early Monday in advance of his interview with X owner Elon Musk later in the day, raising some doubt about whether Trump would continue favoring Truth Social, the social media platform owned by Trump Media. Shares in Trump Media have been subject to significant volatility since it began trading in late March thanks in part to competing bets from Wall Street traders about how much the stock would fall. With rare exceptions, Trump has almost exclusively posted to Truth Social since the platform came into being in February 2022. They’re coming after you.”In its quarterly report, released late Friday, Trump Media addressed the launch of its streaming service, Truth+, this month.
Persons: Donald Trump, Elon Musk, Trump, , Mr, Musk, “ They’re, They’re, Devin Nunes Organizations: Trump Media, Technology Group, X, Trump, Wall, Republican, Trump Media's, Social, Big Tech Locations: California
The cheapest Cybertruck available right now is $100,000. Tesla quietly removed the option to order planned cheaper versions of the pickup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Elon Musk first unveiled Tesla's Cybertruck in 2019, he touted the futuristic pickup as a competitor to the Ford F-150 with a starting price of $39,900. Tesla has quietly removed the option to preorder the rear-wheel and all-wheel drive versions of the Cybertruck, according to an archived version of its website.
Persons: Tesla, , Elon Musk, Tesla's Organizations: Service, Ford, Business
X Spaces with Trump is off to a glitchy start.
  + stars: | 2024-08-12 | by ( Kate Conger | Ryan Mac | ) www.nytimes.com   time to read: +1 min
Elon Musk’s live conversation with former president Donald J. Trump on X got off to a glitchy start on Monday, a setback for the social media service as Mr. Musk pushes the company to regain its dominance as an online epicenter of political discourse. Those who were able to get the livestream to work were met with hold music. The Spaces event was originally scheduled to start at 8 p.m. Eastern. Mr. Musk blamed a cyberattack known as a distributed denial of service attack, or DDoS, for the glitches. DDoS attacks work by flooding servers with malicious traffic and knocking them offline.
Persons: Elon Musk’s, Donald J, Trump, Musk Organizations: X
Elon Musk used to try and stay out of politics, but that's all changed this election. He posts about politics on X significantly more now than he did just a few years ago. Musk formed the America PAC, which is supporting Trump and mobilizing swing state voters. Go to newsletter preferences Thanks for signing up! AdvertisementIn 2015, Elon Musk said that he gets "involved in politics as little as possible."
Persons: Elon Musk, Musk, , Donald Trump Organizations: America PAC, Trump, Service, Tesla, SpaceX, Washington Post, Business
CNN —Former President Donald Trump on Monday posted on X – formerly known as Twitter – for the first time in nearly a year ahead of his conversation on the platform later in the day with X owner and Tesla CEO Elon Musk. Trump regularly asserts on the campaign trail that he is a victim of what he calls “political persecution,” and the video appears to amplify that claim. The more that a broken system tells you that you’re wrong, the more certain you should be that you must keep pushing ahead,” Trump says in the voiceover. The video also includes lines that are staples of Trump’s campaign speeches, including: “They want to take away my freedom, because I will never let them take away your freedom. And we will liberate America from these villains once and for all.”And in another post, Trump asked, “Are you better off now than you were when I was president?”“Our economy is shattered.
Persons: Donald Trump, Elon Musk, Kamala Harris, Harris, ” Trump, Trump, , They’re, Organizations: CNN, Twitter, Democratic, Immigration, Customs Enforcement, Green New Deal, San, Justice Department, Trump, Make America SAFE Locations: San Francisco, Lago, America, Atlanta, Georgia
Shortly after 8:20 p.m., Musk, the billionaire Tesla and SpaceX CEO, blamed a cyberattack for the freezing screens. As the evening went on and the platform struggled to resolve the technical issue, Musk said that the interview would proceed at 8:30 E.T. "This massive attack illustrates there's a lot of opposition to people just hearing what President Trump has to say, but I'm honored to have this conversation," Musk said. In response to CNBC's request for comment about the technical delay, Trump campaign spokesperson Steven Cheung pointed to Musk's X post blaming a potential cyberattack. The glitch was reminiscent of X's technical disaster in 2023 that botched Florida Gov.
Persons: Elon Musk's, Donald Trump, Tesla, Musk, X, Trump, Steven Cheung, Ron DeSantis, Joe Biden Organizations: SpaceX, Florida Gov Locations: Florida
After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.
Persons: , Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris
What was supposed to be Donald J. Trump’s triumphant return to a social-media platform central to his presidency was marred by glitches on Monday night, when a livestreamed conversation on X between Mr. Trump and its owner, Elon Musk, was significantly delayed by technical issues. But once their chat began, 40 minutes after it was scheduled, Mr. Musk’s and Mr. Trump’s newly developed camaraderie was on clear display, with the billionaire tech entrepreneur lobbing softball questions that allowed Mr. Trump to rattle off the talking points that have animated his presidential campaign. The conversation offered little new information about Mr. Trump’s views. Over the course of more than two hours, Mr. Trump attacked Vice President Kamala Harris, his Democratic opponent, as a “phony” who, along with President Biden, failed to address crossings at the U.S. border with Mexico. Mr. Musk bought Twitter in 2022 and rebranded it as X last year.
Persons: Donald J, Trump’s, Trump, Elon Musk, Musk’s, Kamala Harris, Biden, Musk Organizations: Democratic Locations: U.S, Mexico, America
Elon Musk says he's doing multiple "system scaling tests" ahead of his livestream with Donald Trump. Musk's X platform crashed repeatedly when it hosted Ron DeSantis' campaign launch last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt looks like Elon Musk is pulling out all stops to ensure that his upcoming interview with former President Donald Trump on Monday doesn't go awry. "Am going to do some system scaling tests tonight & tomorrow in advance of the conversation with Donald Trump," Musk wrote in an X post on Sunday night.
Persons: Elon Musk, Donald Trump, Ron DeSantis, DeSantis, Trump, , Elon, Musk, livestreaming Organizations: Service, Business
Donald Trump has been using an ugly word to describe Vice President Kamala Harris. For example, Elon Musk, in a post on X, declared “Kamala is quite literally a communist,” demonstrating, among other things, that he quite literally doesn’t know the meaning of “literally.”Now, Harris obviously isn’t a communist. So why does Trump say that she is? Well, red-baiting, like race-baiting — which Trump also does when it comes to Harris — is very much part of the American political tradition. In these countries, politicians like Harris, who supports a free-market economy with a robust social safety net, are known as social democrats.
Persons: Donald Trump, Kamala Harris, Elon Musk, “ Kamala, Harris, Trump, Harris —, Ronald Reagan, It’s Organizations: Coffee, Communist
Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images
Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K
Trump is suddenly back on Twitter
  + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Twitter barred Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. Of note: Musk is scheduled to conduct an interview Monday night with Trump on Twitter/X. AdvertisementWelcome back to Twitter, Donald Trump.
Persons: Donald Trump, Elon Musk, he's, Trump, Organizations: Trump, Twitter, Service
"In total, the Harlingen region received 14 complaints alleging environmental impacts from the Facility's deluge system," the regulator said in the document. Water deluge systems with flame deflectors diffuse heat, sound and energy generated by orbital test flights and rocket launches. SpaceX ran its first full-pressure test of the water deluge system in July 2023. The company hit new milestones with the test flight and Musk appeared triumphant. NASA chief Bill Nelson congratulated SpaceX on "a successful test flight!"
Persons: SpaceX's, TCEQ, Elon Musk's, Musk, Bill Nelson, SpaceX, Eric Roesch, Roesch Organizations: Boca, Aerospace, SpaceX, Federal Aviation Administration, CNBC, Texas Commission, Environmental, Environmental Protection Agency, Elon Musk's SpaceX, Boca Chica, FAA, EPA, NASA Locations: Brownsville , Texas, U.S, Boca Chica, Harlingen, South Texas, Starbase, Texas, Mars
When Donald Trump was president, he used Twitter to set policy, attack his critics and appeal to his followers. Trump is scheduled to appear tonight at 8 p.m. Eastern on X for an interview with the website’s owner, Elon Musk. For Trump, the event could offer an opportunity to regain some of the spotlight from Harris, whose new and energetic candidacy has forced his campaign to recalibrate its strategy less than three months before Election Day. Polls by The New York Times and Siena College released this weekend showed Harris with leads in Michigan, Wisconsin and Pennsylvania. “When I talk to Trump allies and advisers, many of them view the last three weeks as Trump’s worst sustained performance in a very long time,” Jonathan Swan, our politics reporter, said.
Persons: Donald Trump, Kamala Harris, Trump, Elon Musk, Harris, ” Jonathan Swan Organizations: Trump, The New York Times, Siena College Locations: Michigan , Wisconsin, Pennsylvania
Trump is (sort of) posting on Twitter again
  + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
Twitter banned Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. AdvertisementWelcome back to Twitter, Donald Trump. Or, more accurately: Trump's campaign seems to be using Trump's account to post an ad on the service, which Musk has renamed "X."
Persons: Donald Trump, Elon Musk, he's, Trump, Organizations: Trump, Twitter, Service
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