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Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted. "That's going to crowd economic growth, and bond yields above 5% would imply a correction of stock prices and negative impacts on the economy." AdvertisementOther experts have warned some of Trump's policies could lead to higher inflation and interest rates, with his tariff plan attracting significant criticism from economists. Some of Trump's policies — like his plans to loosen regulation — could prop up business activity and fuel growth, Roubini noted. "I think markets are still in a wait-and-see to figure out whether the policies are going to be hurting the economy," Roubini said.
Persons: Nouriel Roubini, Roubini, , Donald Trump's, Doom, prognostications, Trump, Trump's, Taylor Rogers, hin, Stocks Organizations: Service, Bloomberg, stoke, Republican National Committee, Trump, Fed, Bank of America, Dow Jones Industrial Locations: China
Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Same store sales on a companywide basis were down 1.3%, while U.S. same store sales fell 1.2% versus the year ago period. HD YTD mountain Home Depot Year to Date Bottom line High interest rates and economic uncertainty still weigh on Home Depot. But same store sales — a key metric in the retail space that seeks to adjust sales results for new store opening or closings — while down from a year ago, did show improvement in the U.S and globally. Same store sales are expected to decline by about 2.5%, revised upward from the prior expectation of a 3% to 4% decline.
Persons: Patience, Edward Decker, Jim Cramer's, Jim Cramer, Jim, Sha Organizations: U.S, Home, Home Depot, Federal Reserve, Federal, Depot, CNBC, China News Service, Getty Locations: U.S, Comps, Arlington , Virginia, Sha Hanting
CNN —Donald Trump is returning to the White House, and the stock market is loving it. ‘The regime change’For now, stock market investors don’t seem bothered by the jump in bond yields or these inflationary or debt concerns. “The stock market jumped for joy that the election results were definitive, thus averting a contested election. Of course, market veterans say they wouldn’t be surprised to see the stock market eventually display concern about tariffs and inflation under Trump. That could pose a number of problems for the economy and the stock market.
Persons: Donald Trump, Trump, shockwaves, , David Kotok, Stephanie Roth, Roth, ” Roth, Sau Loeb, Kamala Harris, Harris, Jeff Buchbinder, , Kotok, it’s, ” Kotok, They’re, Freddie Mac, , Ed Yardeni, Yardeni, It’s, , BTIG’s Isaac Boltansky Organizations: CNN, White, Dow Jones, stoke, Trump, Advisors, Wolfe Research, Treasury, US Treasury Department, Getty, Wall Street, LPL, Fed, Stock Locations: Big, Washington , DC, Washington
CNBC's Jim Cramer examined Tuesday's market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. Cramer called the day's moves a "sobering reaction to the potential unfunded tax cuts from the bond market," as both the 10-year and 2-year Treasury yields surged more than 4%. The bond market and the stock market usually have a negative correlation, with investors coming in and out of each depending on yields. Trump campaigned on the promise of tax cuts across a wide swath of sectors. Many on Wall Street expect these cuts will come in aggregate, but remain unsure of the specifics, Cramer noted.
Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Elon Musk Organizations: Dow Jones, Nasdaq Locations: U.S
The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.
Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo
In fact, some borrowers are still paying off debt from last year's purchases. To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. However, this is a slight improvement from 2023, when 31% of credit card users had still not paid off their balances from the year before. Although overall credit card balances were 6.9% higher at the end of the third quarter compared to a year earlier, that's a significant improvement from the 15% year-over-year jump from Q3 2022 to Q3 2023, TransUnion found. Recent wage gains have also played a role, according to Paul Siegfried, TransUnion's senior vice president and credit card business leader.
Persons: TransUnion, Michele Raneri, Paul Siegfried, TransUnion's Organizations: Finance, TransUnion
Live Nation CEO Michael Rapino told CNBC's Jim Cramer on Tuesday that the nature of live music keeps it in demand, which helps the business stay strong — even though some consumer-oriented companies report a pullback due to inflation. Live Nation, which also owns Ticketmaster, has its hand in many aspects of the industry. Live Nation shares jumped more than 4% Tuesday after the company posted earnings and reported its most successful summer concert season to date. Rapino claimed that 2025 would likely be "a record year" with a lot of stadium performances, adding that Live Nation has already sold more than 20 million tickets. "The amount of music available to the consumer today has just propelled this idea that they want to see the live show."
Persons: Michael Rapino, CNBC's Jim Cramer, Ben Folds, Rapino Organizations: Disney, Ticketmaster, U.S . Department of Justice, Nation, Spotify
The Conversation —The global market for standing desks is booming, projected to reach US$12.6 billion by 2032 (£9.7 billion). In response, standing desks emerged as a trendy solution, offering a way to reduce sitting time without drastically changing daily routines. But was there solid evidence to support the benefits of standing desks? Another study indicated that alternating between sitting and standing, combined with brief walks, was more effective for health than standing alone. Ultimately, while standing desks offer an alternative to prolonged sitting, they shouldn’t be seen as a complete solution.
Persons: don’t, didn’t, that’s, It’s, Jack McNamara Organizations: CNN Locations: Australia
China's hyped air show kicked off with performances from its aerobatics team on Tuesday. But the grand display was dampened by smog filling the skies over Zhuhai, Guangdong. AdvertisementChina's biggest air exhibition opened on Tuesday to smoggy skies obscuring an intricate aerobatics performance meant to display the country's aircraft to the world. In its first official public appearance, the J-35A flew briefly at the opening in Zhuhai, climbing into the hazy sky. The smoggy opening also comes as China has sought to shed the reputation of its cities as being wracked by air pollution.
Persons: , Sp0wzC4wWm —, Lockheed Martin's, COMAC Organizations: Service, Liberation Army Air Force, Sp0wzC4wWm — Reuters, Red Falcon, Lockheed, Boeing, University of Chicago, WHO Locations: Zhuhai, Guangdong, China
Asia-Pacific markets are set to open mixed on Tuesday, with investors expected to exercise caution even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Futures for Australia's S&P/ASX 200 stood at 8,279, slightly higher than the index's last close of 8,259. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 39,660 and its counterpart in Osaka at 39,630 compared to the previous close of 39,533.32Hong Kong's Hang Seng index futures were at 20,324, lower than the HSI's last close of 20,426.93.
Organizations: Dow Jones Industrial, Australia's, Nikkei Locations: Asia, Pacific, Chicago, Osaka
Spotify shares pop on better-than-expected profit forecast
  + stars: | 2024-11-12 | by ( Cj Haddad | ) www.cnbc.com   time to read: +1 min
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Spotify said operating income in the fourth quarter will come in at 481 million euros, exceeding the average analyst estimate of 432.7 million euros, according to StreetAccount. The company said sales will reach 4.1 billion euros, below the average analyst estimate of 4.26 billion euros, according to LSEG. Spotify shares rose about 8% after the report to $452.35 after rising 2.2% in regular trading.
Persons: MAUs Organizations: New York Stock Exchange, Spotify, LSEG Revenue, LSEG, StreetAccount Locations: Swedish
The United States announced Tuesday that there will be no significant policy shift towards Israel, at the conclusion of a 30-day U.S. deadline for improvement in humanitarian aid delivery to Gaza. We believe that, had it not been for U.S. intervention, these changes may not have ever taken place," said Patel. The demands and the deadline were laid out in a joint letter from Secretary of State Anthony Blinken and Defense Secretary Lloyd Austin, delivered Oct. 13. If Israel wants to continue to qualify for foreign military financing under U.S. law, Blinken and Austin wrote, at least 350 trucks per day of aid must be allowed to enter the war-ravaged Gaza Strip. The letter also called on Israel to provide heightened security for humanitarian sites, and an increase in the number of humanitarian pauses to its military operations.
Persons: Antony Blinken, Vedant Patel, Patel, State Anthony Blinken, Lloyd Austin, Israel, Austin, Philippe Lazarini Organizations: Palestinian, Hamas, United States, Israel, Department, State, United Nations Locations: Tel Aviv, Israel, Gaza, Washington, U.S
Bank of America's global fund manager survey showed the percentage of portfolio managers who are overweight U.S. stocks soared to 29% — its highest level since August 2013 — from 10% before the U.S. presidential election. Small caps, which stand to benefit greatly from less regulation, reduced taxes and faster economic growth, have outperformed large caps since the election. .SPX DJIA,.IXIC,IWM YTD mountain SPX, Nasdaq, Dow and IWM year to date BofA's chief investment startegist Michael Hartnett noted this trend is likely to continue. "Post-election results show net 35% [of fund managers surveyed] expect small caps to outperform large caps, which would have been the most since Feb'21," he said. This would make it next to impossible for the Federal Reserve to justify lowering interest rates, which could hurt equities — especially small caps.
Persons: , Stocks, Donald Trump, Russell, SPX DJIA, startegist Michael Hartnett Organizations: Bank of, U.S, Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Atlantic, Nvidia Locations: Nasdaq
It previously expected total sales to rise by between 2.5% and 3.5% for the year. Home Depot customers have continued to put off projects, even though they're in good financial shape, he said. It marked the eighth consecutive quarter of negative comparable sales at Home Depot, though the smallest drop since the string of declines began. Sales related to Hurricanes Helene and Milton contributed about one half a percentage point of sales growth to the quarter. Even as Home Depot reports modest growth, some investors have bet the company will see stronger sales in the near future.
Persons: Richard McPhail, They're, McPhail, Hurricanes Helene, Milton, Donald Trump, We've, Steve Madden, Skelly Organizations: CNBC, LSEG, Revenue, Home, Shoppers, Weather, Home Depot, Hurricanes, Federal Reserve, Depot Locations: Mexico City, Mexico, U.S, Texas, China, North America, Santa Claus
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. U.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. S&P 500 futures and Nasdaq 100 futures also inched down around 0.1% each. Other notable economic data releases later this week include the producer price index data and retail sales numbers, which will be announced on Thursday and Friday, respectively. "This is a busy week with consumer prices, producer prices, and retail sales.
Persons: Dow, Tom Hainlin, Dow Jones, Scott Helfstein Organizations: New York Stock, Dow Jones, Nasdaq, U.S, Bank Wealth Management, Investors, Federal, Global, Fed Locations: New York City . U.S
However, experts warn that what they call prolonged sitting on the toilet can harm your health. “When patients present to me with complaints, one of the main areas we have to delve deeply into is spending a lot of time on the toilet,” Xue said. The pelvic floor muscles are another type of muscle weakened from prolonged toilet sitting. “Make sitting on the toilet bowl as uninteresting as possible.”If you’re having trouble relieving yourself, Xue advised quitting after 10 minutes. Worsening constipation or a need to sit on the toilet for a long time may also be a sign of cancer.
Persons: CNN —, I’ve, Lai Xue, , ” Xue, Dr, Farah Monzur, Xue, Monzur, Lance Uradomo, ” Monzur, ” Uradomo, he’s, you’ve, Jocelyn Solis, Moreira Organizations: CNN, University of Texas Southwestern Medical Center, Stony Brook Medicine, City of, National Academy of Medicine, US Department of Agriculture, American Cancer Society Locations: Dallas, Stony, Long, , New York, City, City of Hope Orange County, Irvine , California, New York
watch nowAfter two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. The U.S. is the largest user of the Panama Canal, with total U.S. commodity export and import containers representing about 73% of Panama Canal traffic, and 40% of all U.S. container traffic traveling through the Panama Canal every year. Despite competition from the Suez Canal, Vásquez predicts that the Panama Canal will recover to pre-drought volumes, with a focus on larger vessels and energy-related trade. The Panama Canal drought began in late 2022 and was described as the worst in the canal's history by January 2024. The Panama Canal Authority reported a 29% drop in vessel transits during fiscal year 2024.
Persons: Ricaurte Vásquez, Vásquez Organizations: Panama Canal Authority, CNBC, Panama Canal, Maersk, Port, International Longshoremen's Association Locations: Nino, Panama, U.S, Gatun, Suez, Port of Panama, Asia, Gulf Coasts
Nvidia 's still in early growth stages as artificial intelligence capabilities continue to progress, according to Redburn Atlantic. Analyst Timm Schulze-Melander initiated the stock with a buy rating and a price target of $178, which implies upside of 22.5%. Looking ahead, the analyst sees the AI powerhouse boasting 65% EBIT margin expansion and compound annual earnings growth of 38% between 2024 and 2030. The first growth driver is in accelerated computing, which aims to make AI data processing more efficient, Schulze-Melander said. The second factor behind Nvidia's growth case is the market's underestimation of demand for the company's products and services — even as rivals try to curb the chipmaker's dominance.
Persons: Timm Schulze, Melander, Schulze Organizations: Nvidia
As we approach the expiration of our Meta Platforms (META) trade from early October we have successfully captured 78% of the total maximum gain. On the fundamentals, META stands out as a leader in profitability and growth compared to its industry peers. And with analysts expecting EPS growth of 23% and revenue growth at 16%, META outpaces the industry averages by a significant margin. Additionally, META trades at 23x forward earnings, which is a 15% discount relative to its peers, presenting a substantial upside potential. The breakeven point is $571.77, meaning the trade remains profitable as long as Meta stays above this level.
Persons: AAPL Organizations: Apple, CNBC, NBC UNIVERSAL Locations: OptionsPlay
Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.
Persons: Goldman Sachs, David Solomon, , revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, , Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, , Goldman Sachs
Related Video The surprising effects loneliness has on your brain and bodyThere's a preconception that if you're single, you're either stuck at home alone or forced to do things on your own because you don't have anyone. I consider myself single at heart, which means I'm happiest and most fulfilled when I'm not in a relationship. As I've gotten older it's flipped and I'm happy to have five or six days a week to myself, although I'm happy to do more socializing than that. AdvertisementI don't have a yearly Thanksgiving or Christmas tradition now but I've celebrated them with friends, family, and on my own. I'm happy with whichever.
Persons: Bella DePaulo, , who's, we're, I'm, Doug Ellis, I've, DePaulo, Bella DePaulo I've, What's Organizations: Service, University of Virginia Locations: California, Summerland , California, Washington DC, New York, Toronto, Los Angeles, San Francisco, Seattle, Pennsylvania, Mexico
CNN —Lucy, a fossilized skeleton unearthed 50 years ago this month, transformed scientists’ understanding of human evolution. While there are now fossil hominins twice as old as Lucy, she remains a paleoanthropological rock star. Made up of 47 bones from the same individual, she was the oldest known and the most complete skeleton of an early human ancestor when she was found. The fossilized remains of Lucy, discovered on November 24, 1974, made up the most complete skeleton of an early human ancestor when she was found. They found DNA, but it wasn’t human, and it wasn’t Neanderthal.
Persons: CNN — Lucy, Don Johanson, Tom Gray, Lucy, Johanson, … I’d, Jack Daulton, Lucy ? Johanson, “ Lucy, , she’s, you’re, Stephen Filmer CNN, Donald Johanson, Mary Leakey’s Organizations: CNN, Institute of, Arizona State University, Arizona State University CNN, Jack Daulton CNN, Beatles, Sky, Arizona State University In Locations: Ethiopia, Afar, Africa, paleogenetics, Siberia, Hadar, Tanzania
NYSEThere's been a rush of enthusiasm on Wall Street regarding Donald Trump's election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991. But during Democratic administrations, the gap was about 183 basis points, with hedge funds delivering average, annualized returns of 10.16%, compared to 11.99% from the S&P 500. Zoom In Icon Arrows pointing outwards HFRWhen compared with the a bond index, HFR found that hedge funds under both parties outperformed – with stronger alpha when a Democrat was in the White House. Zoom In Icon Arrows pointing outwards HFRSurprisingly, the way that hedge fund participants donate in elections was a bit more tilted toward one party. Zoom In Icon Arrows pointing outwards Open Secrets
Persons: Donald Trump's, annualized, HFR Organizations: New York Stock Exchange, NYSE There's, Republican, Democratic, Democrat Locations: HFR
Tech companies that source a large part of their supplies from China could suffer under a second Trump term, according to Citi. Citi analyst Atif Malik shared a basket of stocks that have China manufacturing exposure and could therefore face ramifications going forward. While the company has a very high exposure to Chinese manufacturing, Malik said that Apple is currently making efforts to diversify its supply chain. "China is the main manufacturing location for Apple with more than 90% manufacturing in China, in our estimates," the analyst said. "Manufacturing is primarily conducted through contract manufacturers and original design manufacturers with manufacturing locations in China, Malaysia, Mexico, Taiwan, and Vietnam," he added.
Persons: Donald Trump, Trump, Mike Johnson, Atif Malik, Malik, Apple Organizations: Tech, Trump, Citi, Biden, Republican, Logitech, Apple, Juniper Networks, Western Digital Locations: China, India, Malaysia, Mexico, Taiwan, Vietnam, Corning
While Black Friday is still a couple weeks aways, many retailers, including Home Depot, are already discounting tons of bestselling products from major brands, giving you early access to its holiday deals. I regularly cover deals at popular home and kitchen retailers so I know what brands are actually worth investing in and what makes a good sale. Below, I rounded up the best early Black Friday deals at Home Depot and will continue to update this list through the entirety of the sale. SKIP AHEAD The best early Black Friday sales at Home Depot | Why trust NBC Select? The best early Black Friday sales at Home DepotAll of the items below have at least a 4-star average rating from 500 reviews or more at Home Depot, or are NBC Select editor recommendations or are products from our previous coverage.
Persons: I’ve, Dyson, TikTok Organizations: Home, NBC, Shark, Dyson, AA, Facebook, Twitter
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