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☆ Strategas' Jason Trennert says he's cautious on economy and markets
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategas' Jason Trennert says he's cautious on economy and marketsJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, whether the U.S. is headed for a recession, and more.

May 9 (Reuters) - Broadcaster Fox Corp (FOXA.O) beat estimates for third-quarter revenue and adjusted profit on Tuesday, as Chief Executive Lachlan Murdoch affirmed the company’s prime-time programming strategy following its recent $787.5 million settlement with Dominion Voting Systems and dismissal of star host Tucker Carlson. Dominion had sued Fox for $1.6 billion over its coverage of debunked vote-rigging claims about the voting technology firm. Total revenue rose 18% to $4.08 billion, inching past analysts' estimates of $4.03 billion, according to Refinitiv data. Fox's ad revenue also surged 43% to $1.88 billion, well past the expectation of $1.67 billion. The upbeat results from Fox underscore the cautious approach by advertisers who are mostly buying slots on dominant networks.

Boeing shares rose 2.5% in early afternoon trade after the company reaffirmed its plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Deliveries will increase to about 40 MAXs a month during the back half of the year, he said. Reuters reported earlier this month that Boeing's schedule called for suppliers to produce 38 737 MAXs a month from June. Reuters GraphicsBoeing's first-quarter cash burn slowed to $786 million from $3.57 billion a year earlier on higher jet deliveries. Reporting by Abhijith Ganapavaram in Bengaluru and Valerie Insinna in Washington; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

April 26 (Reuters) - Boeing Co (BA.N) said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end, while backing its annual cash-flow goal, offering some relief to investors after a new manufacturing snafu threatened to derail deliveries. Reuters reported earlier this month that Boeing's schedule called for suppliers to ramp up to 38 737 MAXs a month in June. Overall, Boeing reaffirmed plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Boeing reported an adjusted loss per share of $1.27, wider than analyst expectations of a loss of $1.07 per share, per Refinitiv data. Boeing executives are expected to detail the scope of the problem on an investor call later in the day.

☆ Walmart is giving away $98 memberships to moms — and it shows how desperate it is to boost its Amazon Prime rival
▼ + stars: | 2023-04-26 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Walmart is giving away $98 Walmart+ memberships to mothers who give birth to children in May. Walmart+ vs Amazon PrimeThis is just the latest move Walmart has done to bolster Walmart+, the company's membership service that launched in 2020 in response to Amazon Prime. During the holiday season in 2022, Walmart+ members had early Black Friday shopping deals. Recently, Walmart+ members even had the chance to try a new Oreo flavor before it hit shelves nationwide. Walmart does not publicly disclose how many members Walmart+ has.

April 25 (Reuters) - Star host Tucker Carlson's abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the market valuation of the network's parent company, Rupert Murdoch-controlled Fox Corp (FOXA.O). "It's a huge deal," said Matthew Tuttle, head of Tuttle Capital Management, an investment firm that is betting against Fox shares. The conservative-leaning Carlson's prime-time show was the highest-rated cable news program in the key 25-to-54 age demographic on Fox News - the most-watched U.S. cable news network. It's likely that advertisers who were seeking that audience may have limited other options for conservative news viewership without skewing too conservative."

☆ Boeing investors seek answers after latest 737 production glitch
▼ + stars: | 2023-04-24 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

Investors are clamoring for details on the extent of the problem, which Boeing said involves a “significant” portion of the 737 fleet where two brackets were improperly installed. But Wall Street has received little information from Boeing on its plan to fix the problem and the overall financial impact. “I'd like to have some numbers and some scale of the materiality of this, whether it affects deliveries, cash flow and all the rest,” Vertical Research Partners analyst Robert Stallard said. Calhoun said last week that Boeing will not revise current plans to increase MAX production this summer. However, the company has slowed 737 MAX deliveries, and the resulting delivery delay will remove approximately 9,000 seats from airlines’ summer schedules.

☆ Opinion | Could Peer Influence Be a Cause of the Global Baby Bust?
▼ + stars: | 2023-04-21 | by ( Peter Coy | ) www.nytimes.com time to read: +3 min

I read several papers on peer effects on fertility with Angrist’s caveats in mind. Those factors made the classmates more likely to become pregnant, which in turn influenced the fertility outcomes of the girls being studied. Less-educated women were less likely to have a baby when a colleague of the same education level had one. The negative peer effect for less-educated women “could come from a desire to distinguish oneself from one’s peers,” among other factors, they speculated. The research “provides support for the role of social norms in the fertility choices of reproductive-aged Chinese women,” they wrote.

☆ Strategas CEO Jason Trennert explains what could push the S&P lower in 2023
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategas CEO Jason Trennert explains what could push the S&P lower in 2023Jason Trennert, Chairman and CEO of Strategas Research Partners, joins 'Squawk Box" to share his thoughts on the economy, and what lies ahead for the markets.

☆ Walmart is rolling out a new perk to its $98 annual Walmart+ membership — early access to a new Oreo flavor
▼ + stars: | 2023-03-29 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Oreo unveiled a new flavor, the Blackout Cake cookie, this week that will hit shelves on April 3. Walmart+ members will get to try the cookie starting today, per a Walmart merchandising director. Oreo unveiled Tuesday the Oreo Blackout Cake cookie, a new limited-edition flavor that will hit shelves nationwide next week. "We've teamed up with Mondelez to give you exclusive early access to the new Oreo flavor, Blackout Cake! Walmart does not publicly disclose how many members Walmart+ has.

☆ How GSK plans to replenish its depleted medicine cabinet
▼ + stars: | 2023-03-15 | by ( Maggie Fick | ) www.reuters.com time to read: +6 min

GSK has since suffered a series of clinical trial setbacks in its cancer drugs portfolio, most recently last year involving ovarian cancer drug Zejula and blood cancer drug Blenrep. BLOCKBUSTER POTENTIALAnalysts say that despite a string of strong quarterly earnings, lingering concerns over the company's drug pipeline reflect in GSK's share price. The investor said he does not see enough GSK drugs, either on the market or in development, with potential to be a so-called "blockbusters" with annual sales exceeding $1 billion. But Wood said the overhauled R&D department has put GSK in a strong position to meet growth targets. U.S. regulatory approval on GSK's vaccine, and a rival vaccine developed by Pfizer, is expected in May.

☆ Here's why the Fed should pause rate hikes
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the Fed should pause rate hikesSMBC Nikko Securities America's Joe Lavorgna, Dana Peterson, chief economist at The Conference Board, and Jason Trennert, Strategas Research Partners chairman and CEO, join 'Squawk Box' to discuss the February CPI data and upcoming Fed announcement.

☆ We are going to have a recession: Strategas' Jason Trennert
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are going to have a recession: Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the economy, whether the markets are in a new bull phase, and more.

☆ U.S. investigating Elon Musk's Neuralink over hazardous pathogens
▼ + stars: | 2023-02-09 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com time to read: +5 min

Feb 9 (Reuters) - The U.S. Department of Transportation said on Thursday it is investigating Elon Musk's brain-implant company Neuralink over the potentially illegal movement of hazardous pathogens. The Department of Transportation spokesperson said the agency took PCRM's allegations "very seriously." Reuters reviewed the UC Davis records cited by PCRM in its letter. Neuralink messages and records not shared with UC Davis are not subject to such information requests. A UC Davis spokesperson would only say that the university abides by all biohazard and lab safety regulations.

☆ Elon Musk's Neuralink may have illegally transported pathogens, animal advocates say
▼ + stars: | 2023-02-09 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com time to read: +5 min

Reuters reviewed the UC Davis records cited by PCRM in its letter. PCRM obtained the records from UC Davis through public information requests. Neuralink messages and records not shared with UC Davis are not subject to such information requests. A UC Davis spokesperson would only say that the university abides by all biohazard and lab safety regulations. During its partnership with UC Davis, Neuralink grew frustrated with what it regarded as the slow pace of testing on primates, current and former company employees told Reuters, and has since built out extensive in-house animal testing facilities.

☆ Hertz forecasts upbeat revenue after profit tops on strong rental car demand
▼ + stars: | 2023-02-07 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Hertz Global Holdings Inc (HTZ.O) said on Tuesday it expects revenue to rise sequentially in the second and third quarters of this year on the back of strong demand for rental cars in the face of economic worries. "I think they were more upbeat about the revenue trajectory than I expected," Northcoast Research Partners analyst John Healy said. Rising costs and supply shortages faced by automakers have made it more expensive for car buyers in an uncertain economy. Hertz, which operates the Hertz, Dollar and Thrifty vehicle rental brands, posted an adjusted profit of 50 cents per share, beating average analyst estimate of 46 cents, as per Refinitiv data. Hertz's fourth-quarter revenue rose 4% to $2.04 billion.

☆ Amazon touts 'even faster' deliveries made to customers 'within hours'
▼ + stars: | 2023-02-02 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Amazon is pushing "even faster" deliveries to customers around cities like Los Angeles and Phoenix. Same-day delivery customers can now get orders "within hours," per Amazon's Q4 report. Amazon Prime members can get free shipping on the breakneck deliveries, if their orders qualify. In the report, Amazon said that customers in those areas "can now receive hundreds of thousands of items within hours." Amazon Prime customers can get free same-day deliveries based on where they're located and what they're ordering, according to Amazon's website.

☆ Walmart throws shade at Amazon over new $150 minimum for free grocery delivery
▼ + stars: | 2023-02-01 | by ( Ben Tobin | Alex Bitter | ) www.businessinsider.com time to read: +3 min

Amazon Prime members will soon need to spend $150 to get free grocery delivery via Amazon Fresh. Walmart wasted no time taking aim at its rival over the change to free grocery delivery. "That Fresh $150 free delivery minimum is looking pretty stale right about now," Walmart wrote in a tweet. In January, Amazon said that it would raise the minimum order amount for free delivery to $150 for Prime members. Founded in September 2020, Walmart+ offers members similar perks to Amazon Prime, such as free pickup and delivery from stores.

Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc. to lead its finances as the tool maker works on substantial cost cuts. Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands. Mr. Hallinan will remain CFO at Fortune Brands until March 2. At Stanley Black & Decker, Mr. Hallinan will succeed Corbin Walburger, who stepped in as interim finance chief last July when Donald Allan Jr. , the previous CFO, was elevated to chief executive officer. Patrick Hallinan has been appointed chief financial officer of Stanley Black & Decker, effective April 6.

☆ Watch CNBC's full interview with Paul McCulley and Jason Trennert
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Paul McCulley and Jason TrennertPaul McCulley, former PIMCO chief economist, and Jason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, join 'The Exchange' to discuss why the Federal Reserve is still raising interest rates.

☆ We are living in a 'unique' post-pandemic world, says Paul McCulley
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are living in a 'unique' post-pandemic world, says Paul McCulleyPaul McCulley, former PIMCO chief economist, and Jason Trennert, chairman and CEO of Strategas Research Partners, a Baird company, join 'The Exchange' to discuss why the Federal Reserve is still raising interest rates.

☆ Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead
▼ + stars: | 2023-01-20 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The tech-heavy Nasdaq 100 index (.NDX) has gained over 3% in 2023, double the rise for the S&P 500 (.SPX). The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream.

☆ Amazon's Prime membership program stopped growing in the US for the first time ever
▼ + stars: | 2023-01-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon's Prime membership may have even fallen last year, according to new estimates by CIRP. The research firm tracks the number of individuals using Amazon Prime, rather than total paying households. "Prime membership has essentially stopped growing in the US, after many years of extremely fast growth, and then modest growth in the last two or three years," CIRP said. Amazon doesn't publicly disclose the exact size of its Prime membership program. In 2021, Amazon's then-CEO Jeff Bezos said it had "more than 200 million Prime members worldwide."

☆ Economic troubles associated with Fed tightening have yet to be felt, says Jason Trennert
▼ + stars: | 2023-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic troubles associated with Fed tightening have yet to be felt, says Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss what lies ahead for the markets, market indicators and more.

☆ Watch CNBC's full interview with Strategas Research's Jason Trennert
▼ + stars: | 2023-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Strategas Research's Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss what lies ahead for the markets, market indicators and more.

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