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CNN —Residents in the Southwest are bracing for heavy rains and potentially catastrophic flooding as Hurricane Hilary is expected to pummel the region as a rare tropical storm beginning Sunday and lasting into next week. Its core is expected to pass close to the peninsula Saturday night and then weaken into a tropical storm as it crosses into the US and Southern California. The threat has triggered California’s first ever tropical storm warning extending from the state’s southern border to just north of Los Angeles. “Preparations for the impacts of flooding from rainfall should be completed as soon as possible, as heavy rain will increase ahead of the center on Saturday,” the hurricane center said. Medano Beach in Mexico's Cabo San Lucas as Hurricane Hilary nears the coast on August 18, 2023.
Persons: Hilary, , Joe Lombardo, Joe Biden, Alfredo Estrella, Gavin Newsom’s, Robert Luna, Todd Gloria Organizations: CNN, Residents, National Hurricane Center, NHC, Nevada Gov, National Guard, Federal Emergency Management Agency, National Oceanic, Atmospheric Administration, Weather, Center, California National Guard personnel, Electricity, Southern California Edison, County Sheriff’s Department, Major League Baseball, Los Angeles Angels, Los Angeles Dodgers, San Diego Padres, Major League Soccer, LA Galaxy Locations: Mexico’s Baja California, Southern California, Los Angeles, California , Nevada, Arizona, Nevada, California, Mexico's Cabo San Lucas, AFP, San Diego, Los Angeles County
CNN —Chick-fil-A’s first foray into the chicken sandwich wars was so successful that it’s launching a second entry, marking the first time the chain has altered its well-known fried chicken sandwich. That sense of urgency comes as competition in the chicken sandwich wars is escalating. Less than three months ago, chicken chain competitor Popeyes expanded its sandwich selection to permanently include the blackened chicken sandwich. The seasonal sandwich is the first time Chick-fil-A has experimented with their original fried chicken sandwich recipe. As both Chick-fil-A and Popeyes venture beyond the basic buttered bun and fried chicken, it will be consumers who will decide who rules the roost in this ever-expanding chicken sandwich market.
Persons: CNN —, It’s, Popeyes, , ” Stuart Tracy, Will Herbert, it’s, ” Herbert, , Josh Jordan, , Chick Organizations: CNN, Edison Locations: Atlanta, Oakland , California
CNN —Hundreds of wildfires burning in Canada’s Northwest Territories have prompted emergency declarations and the evacuation of the capital city of Yellowknife by road and air. Other residents have until noon on Friday, August 18, 2023 to evacuate,” Northwest Territories officials said in a news release Wednesday. Those unable to leave by vehicle can register for an air evacuation, officials said. It is anticipated the fire will reach Hay River this evening,” Northwest Territories Fire said in a Facebook update Wednesday evening. US under air quality alertThe fires burning in Canada have once again led to harmful air quality in the US, with the Minnesota Pollution Control issuing an air quality alert for Thursday and Friday.
Persons: ” Premier Caroline Cochrane, Kam, Grace Lake, ” Cochrane, ” Nadia Byrne, she’s, Byrne, , , Shane Thompson, Thompson, “ Crews, Edison, Mason Bruneau, Jason Franson, Pat Kane, National Defense Bill Blair, ” Blair, Justin Trudeau, Cochrane, We’ve, Premier Caroline Cochrane, ” Trudeau Organizations: CNN, ” Premier, Engle Business, ” Northwest, ” Municipal, Territories Fire, Territories, Canadian Press, Northwest, Minnesota Pollution Control, Minnesota, National Weather Service, Minnesota -, Reuters, National Defense, Canadian Armed Forces, Canadian, Premier Locations: Canada’s Northwest Territories, Yellowknife, Alberta, Yukon, Northwest Territories, Dettah, Engle, , ” Northwest Territories, N’dilo, Hay, Canadian, St, Albert , Alberta, South, Grande Prairie, Canada, Minnesota, Minnesota - Canadian, Twin Cities,
Vander Plaats and his group are leaders in the state’s Christian conservative movement, which has enormous political influence in Iowa. “It’s a lot more money” than you typically see allocated in Iowa, said Steffen Schmidt, an emeritus political science professor at Iowa State University who studies political spending in the state. “We endorsed Rick Santorum and he stormed to a caucus victory due to our base of supporters,” Vander Plaats wrote. Dunwell referred a request for comment to Vander Plaats, who said Dunwell had been paid as an “independent contractor” since June. You like being around them,” Vander Plaats said on conservative podcast host Steve Deace’s show on Monday.
Persons: Ron DeSantis, Scott Morgan, Ron DeSantis scrambles, Donald Trump, DeSantis, Bob Vander Plaats, Vander, Vander Plaats, , Steffen Schmidt, , Andrew Romeo, , Mike Huckabee, Rick Santorum, Ted Cruz, ” Vander Plaats, Steve Scheffler, Scheffler, “ Vander Plaats, Paul S, Ryan, Jess Szymanski, Jon Dunwell, Dunwell, Tucker Carlson, Vivek Ramaswamy, Tim Scott, Tricia McLaughlin, Ramaswamy, Scott, Mike Pence, Marc Short, Carlson, Santorum, Karen, ” Trump, Trump, Haley, Scott —, Casey, Steve Deace’s, ” Alexandra Ulmer, Joseph Tanfani, Jason Lange, Jason Szep Organizations: Republican U.S, Florida, Fair, REUTERS, Republican, Family, Foundation, pollsters Edison Media Research, Iowa State University, Family Leader, Trump, Iowa Faith & Freedom Coalition, Reuters, Santorum, Iowa, DeSantis, , Fox News, Federal, Commission, Scott, PAC, Trust, Patriot Voices, Twitter, Thomson Locations: Iowa, Atlantic , Iowa, U.S, ” IOWA, Arkansas, Des Moines, New Hampshire, Nevada, Republic, San Francisco, Washington
In 2021, 64.3 million millennials made online purchases, compared to a projected 64.4 million in 2023, according to Insider Intelligence. By contrast, 37.2 million Gen Zers made online purchases in 2021 compared to a projected 45.5 million in 2023. "But in terms of bringing new customers into a brand, I'm not hearing conversations every week about getting more millennials — it's 'Gen Z, Gen Z, Gen Z.'" While Watford's mandate also includes non-Gen Z millennials, some in the advertising industry have shifted focus onto Gen Z, which is more open to brand messaging, particularly in environments like video games. So if you're targeting Gen Z, you're not just targeting Gen Z."
Persons: Gen Z, Gen, Zers, Sarah Engel, it's, Z, Zena Arnold, Jenny Lewis, Lewis, Comscore, Magna, Pandora, SiriusXM, Suzi, Ann Hand, they're, Barbie's Dreamhouse, Hand, Digital's Engel Organizations: Companies, Intelligence, Nielsen, Edison Research, Spotify, YouTube, Super League Gaming, Mattel, League Gaming Locations: Roblox
Chinese electric car brand Nio is in the middle of a big turnaround that can push the stock up as much as 28%, according to Deutsche Bank. Analyst Edison Yu was impressed by the jump in deliveries last month as well as its improved operations. Nio said its July deliveries totaled 20,462, up 103.6% year over year and nearly double the June figure of 10,707 cars. Deutsche Bank expects the company can continue the rally amid the increase in unit sales as well as gross margin. "We think the stock can finally recapture momentum after being a relative laggard all year and also see some small potential for strategic optionality," Yu said.
Persons: Edison Yu, Nio, Yu, — CNBC's Michael Bloom, Evelyn Cheng Organizations: Deutsche Bank Locations: Abu Dhabi
Vice President Kamala Harris celebrated the new labor reforms at a Philadelphia union hall, calling the administration unapologetically pro-union. "When union wages go up, everyone's wages go up. The Davis-Bacon Act of 1931 tasks the government with establishing wage floors - known as prevailing wages - that apply to construction projects funded by the federal government. Today, it applies to more than one million construction workers on $200 billion of such projects, the administration said. Trade groups have long criticized the prevailing wage requirements, saying they discourage small businesses from seeking federal contracts.
Persons: Kamala Harris, Kevin Wurm, Biden, Joe Biden, Davis, handout, Ben Brubeck, Jarrett Renshaw, Trevor Hunnicutt, Alistair Bell Organizations: Eastern, Jobs, REUTERS, U.S, Democratic Party, Labor Department, Trade, Biden, Builders, Contractors, Trump, Edison Research, Thomson Locations: Rewild, Washington , U.S, Philadelphia, America, Pennsylvania
Wall Street was largely effusive about Rocket Lab's execution and growth, as analysts reacted to the space company's second-quarter results from Tuesday. Rocket Lab stock slid about 4% in early trading on Wednesday, after rising as much as 10% in premarket, from its previous close at $6.66 a share. Here's what analysts had to say about Rocket Lab's performance. Morgan Stanley — Overweight, $10 price target The firm's Kristine Liwag believes Rocket Lab stock "still has room to run" despite climbing about 70% so far this year. Roth Capital – Buy, $10 price target Analyst Suji Desilva also emphasized Rocket Lab's "steady launch execution" and expansion toward becoming an "end-to-end vendor" in the space market.
Persons: Ron Epstein, Epstein, Edison Yu, Morgan Stanley —, Kristine Liwag, Liwag, Stifel, Erik Rasmussen, Rasmussen, Roth, Suji Desilva, Jason Gursky, Gursky, Michael Bloom Organizations: Rocket, Bank of America, Deutsche, Citi Locations: premarket, U.S
Cramer's Lightning Round: Oracle is a buy
  + stars: | 2023-08-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Medtronic's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Fisker's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Adtran's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance.
Persons: It's, Con, Con Edison, We've, Jeff Organizations: GE Healthcare, Enterprise, Public Service Enterprise, Marvell, Oracle
Harris promises a 'raise' for U.S. workers on federal projects
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: +3 min
Vice President Kamala Harris celebrated the new labor reforms at a Philadelphia union hall, calling the administration unapologetically pro-union. "When union wages go up, everyone's wages go up. The Davis-Bacon Act of 1931 tasks the government with establishing wage floors - known as prevailing wages - that apply to construction projects funded by the federal government. Today, it applies to more than one million construction workers on $200 billion of such projects, the administration said. Trade groups have long criticized the prevailing wage requirements, saying they discourage small businesses from seeking federal contracts.
Persons: Kamala Harris, Biden, Joe Biden, Davis, handout, Ben Brubeck Organizations: White, Washington , D.C, U.S, Democratic Party, Labor Department, Trade, Biden, Builders, Contractors, Trump, Edison Research Locations: Washington ,, Philadelphia, America, Pennsylvania
This undated handout image shows the carbon sequesterization unit at American Electric Power Company's Mountaineer Plant near New Haven, West Virginia. REUTERS/Tom Dubanowich/Handout /File PhotoAug 8 (Reuters) - U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Proposed in May, the EPA plan would for the first time limit how much carbon dioxide power plants can emit, after previous efforts were struck down in court. Industry is particularly concerned about proposed standards for existing natural gas power plants, saying those facilities would be hard to retrofit with CCS, or hydrogen, due to space constraints and other limitations. The EPA's proposal had been crafted to reflect constraints the Supreme Court imposed on the agency after it ruled an Obama-era power plant proposal went too far by imposing a system-wide shift from fossil fuels to renewable energy.
Persons: Tom Dubanowich, Biden, EEI, Joe Biden, Jim Matheson, Nichola Groom, Valerie Volcovici, Sharon Singleton, Marguerita Choy Organizations: American Electric Power, Edison Electric Institute, U.S . Environmental Protection Agency, EPA, Task Force, Natural Resources Defense, National Rural Electric Cooperative Association, Labor, United Mine Workers of America, International Brotherhood of Electricity Workers, Thomson Locations: New Haven, West Virginia, U.S, Baltimore, Los Angeles, Washington
Mamet’s title came back to me while I was reading Patti Hartigan’s biography of another essential American playwright, August Wilson. Wilson, who died in 2005, spent so much time lingering in diners that “Writing in Restaurants” is a plausible alternative subtitle for Hartigan’s “August Wilson: A Life.”Wilson was a large, bearded man, often in tweeds and a pageboy cap. He’d sit in the back with a cup of coffee and an overflowing ashtray. As his fame grew, he’d find a place in each city where his plays were staged. It was his daily slice of experimental theater.
Persons: WILSON, Patti Hartigan, David Mamet, Patti Hartigan’s, August Wilson, Wilson, Hartigan’s “, ” Wilson, He’d, , Arthur Treacher’s Fish, he’d Locations: , New York City, Boston, Seattle, Caffe Ladro
A Light Bulb Went Off - The New York Times
  + stars: | 2023-08-06 | by ( Pamela Paul | ) www.nytimes.com   time to read: +2 min
A hundred times I have been told that LED bulbs, with their unnatural froideur and their sour green aura, can now simulate all manner of glow. They come with labels like soft white and bright white, cool white and daylight. and the waiting room in the E.R. I’m hardly the first person to notice that LED light simply looks bad. I associate that jolly warmth with late-night phone calls, books read after bedtime, the privacy of my own well-lit room.
Persons: Stark, I’m, Christopher Nolan, Oliver Sacks’s “, , what’s, it’s
They effectively end the sale and manufacture of incandescent light bulbs. You don't have to throw away incandescent bulbs you already own, but switching could save you money. You can thank — or blame — new federal energy efficiency regulations that went into full effect Tuesday. Practical incandescent bulbs, which trace their origin to an 1880 Edison patent, can't meet those standards. How LED bulbs save energy and moneyIncandescent bulbs create illumination by running an electric current through a filament that heats it until it glows.
Persons: , Thomas Edison, Obama, Donald Trump, Biden, Volodymyr Plysiuk Organizations: Service, FRANCISCO, Energy Department, Energy Information Administration, Getty Locations: Wall, Silicon
"It seems like they do a lot to try to make it seem like they are the party for young Black men or Black men as a whole, but they don't back it with anything. The vast majority of Black voters, including men, are still expected to choose Biden over a Republican. Black men and women under the age of 50 voted Republican in similar numbers, the poll showed. A Reuters/Ipsos poll conducted July 11-17 found 18% of Black Americans would pick Trump over Biden in a hypothetical matchup, compared to 46% who favored Biden, including about one in four Black men, compared to about one in seven Black women. Compared with Black women, Black men were more likely to say they would back a presidential candidate that supported abortion restrictions and increased police funding to fight crime.
Persons: Joe Biden, Biden, lurch, Mekonnen, Biden's, I'm, LeLann Evans, Evans, Michael McDonald, Republican Donald Trump's, Trump, Terrance Woodbury, Woodbury, Julian Silas, Silas, Kamala Harris, Jaime Harrison, Harris, Tracy King, Andre Russell, Trevor Hunnicutt, Jarrett Renshaw, Jason Lange, Eric Cox, Heather Timmons, Alistair Bell Organizations: . Army, White House, Democratic Party, Democratic, White, Reuters, U.S, Republican, Black, Biden, Nashville City Council, Democrats, Pew Research, University of Florida, Republicans, HIT, Edison Research, Federal Reserve, Democratic National Committee, Culture, NAACP, Thomson Locations: Georgia, Black, South Carolina, Philadelphia, Atlanta , Milwaukee, Detroit, Pennsylvania , Michigan, Washington, Chicago, U.S, New Orleans
Companies Edison Electric Institute FollowJuly 31 (Reuters) - The top U.S. utility lobby group intends to push back on the Biden administration's proposals requiring upgrades to existing natural gas-fired power plants to curb climate-warming emissions, two sources familiar with the matter said on Monday. The power industry accounts for a quarter of the nation's greenhouse gas emissions, second only to transportation, according to Environmental Protection Agency (EPA) data. The rules would also regulate coal and new natural gas plants separately. It also said retrofitting those plants for CCS would be "difficult" due to space constraints and other limitations. EEI and others have until Aug. 8 to submit comments on the proposed rules.
Persons: Biden, Joe Biden's, EEI, Brian Reil, Nichola Groom, Valerie Volcovici, Sonali Paul Organizations: Edison Electric, Edison Electric Institute, Environmental Protection Agency, CCS, EPA, Thomson
Had the government just banned the sale of incandescent bulbs? Much like its cousin, the gas stove, the humble light bulb has become a flashpoint in a cultural squabble between environmental regulatory efforts and the very American impulse to do whatever one wants in one’s domicile. (The Biden administration denied trying to ban gas stoves.) The response to the bulb ban was more of a whimper than a battle cry. “Thomas Edison brought the incandescent light bulb to the masses, and in 2023 Joe Biden banned it in America,” officials with the Republican Party of New Mexico wrote in a tweet.
Persons: “ Thomas Edison, Joe Biden, , overreach, Organizations: EBay, Biden, Republican Party of New Locations: America, Republican Party of New Mexico
Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, U.S. September 29, 2019. REUTERS/Charles Mostoller/File PhotoAug 1 (Reuters) - U.S. energy company Equitrans Midstream (ETRN.N) on Tuesday said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018. Mountain Valley is key to unlocking gas supplies from Appalachia, the nation's biggest shale gas-producing basin in Pennsylvania, Ohio and West Virginia. When Mountain Valley started construction in February 2018, Equitrans estimated the 2.0-billion cubic feet per day project would cost about $3.5 billion and enter service by late 2018. The 303-mile (488-kilometer) Mountain Valley project is owned by units of Equitrans, the lead partner building the pipe with a roughly 48.3% interest, NextEra Energy (NEE.N), Consolidated Edison (ED.N), AltaGas (ALA.TO) and RGC Resources (RGCO.O).
Persons: Charles Mostoller, Thomas Karam, Scott DiSavino, Marguerita Choy Organizations: REUTERS, U.S, Supreme, U.S ., Equitrans, NextEra Energy, Consolidated Edison, RGC Resources, Thomson Locations: Elliston , Virginia, U.S, West Virginia, Virginia, Appalachia, Pennsylvania , Ohio, U.S . Congress
All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.
Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho
Morning Bid: ECB to follow Fed hike, Meta surges
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +5 min
Fed Chair Jerome Powell remained equivocal about whether there was one more policy rate rise left this year and said Fed staff were no longer forecasting a recession - but futures markets continue to see a less than 50% chance of another move. Global stocks (.MIWD00000PUS) hit their highest since April last year on Thursday, with European stocks up more than 1% ahead of the ECB decision. The euro pushed higher against a softer dollar ahead of the announcement and press conference from ECB chief Christine Lagarde. The yen also firmed as the Bank of Japan is expected to keep its easy policy unchanged on Friday. The euro zone's biggest bank BNP Paribas (BNPP.PA), by contrast, beat Q2 estimates and the stock jumped 4%.
Persons: Mike Dolan, Meta, Jerome Powell, Dow Jones, Christine Lagarde, Willis Towers Watson, Giorgia Meloni, Joe Biden, Toby Chopra Organizations: Federal Reserve, European Central Bank, Fed, Treasury, Boeing, Dow, Wall, ECB, Bank of, Shell, Barclays, BNP, Central Bank, Intel, Ford, Boston Scientific, Myers Squibb, Honeywell, Xcel, Eastman Chemical, Pentair, Mastercard, P Global, Hershey, Digital Realty, Northrop Grumman, Weyerhaeuser, Cincinatti, Verisign, Comcast, Southwest Airlines, HCA, . Federal Reserve Board, Washington Reuters Graphics Reuters, Reuters, Exxon, Chevron, Thomson Locations: U.S, Bank of Japan, Asia, Hong Kong, China, Abbvie, Bristol, Edison, Kansas, Basel III, Washington
"Darkness and denialism can hide much but they erase nothing," Biden told guests in the ornate, marble-edged Indian Treaty Room next to the White House, before signing the proclamation. [1/5]U.S. President Joe Biden signs a proclamation to establish the Emmett Till and Mamie Till-Mobley National Monument in Illinois and Mississippi, at the White House in Washington, U.S., July 25, 2023. Signs erected at Graball Landing since 2008 to commemorate Till's killing have been repeatedly defaced by gunfire. Biden screened a film recounting the killing and its aftermath, "Till," at the White House in February. Last March, he signed into law a bipartisan bill named for Till that for the first time made lynching a federal hate crime.
Persons: Joe Biden, Emmett Till, Mamie Till, Bradley, Biden, Donald Trump, Ron DeSantis, Kamala Harris, Elizabeth Frantz, Patrick Weems, Emmett, Thomas Edison's, Wheeler Parker Jr, Till's, Parker, Trevor Hunnicutt, Jonathan Allen, Steve Holland, Heather Timmons, Lincoln, Mark Porter Organizations: Rights, White, Republican, REUTERS, Temple Church of God, National Park Service, of, Thomson Locations: Chicago, Money , Mississippi, Florida, Illinois, Mississippi, Washington , U.S, Tallahatchie, Sumner , Mississippi, America, Washington
WASHINGTON, July 25 (Reuters) - U.S. President Joe Biden on Tuesday will honor Emmett Till, the Black teenager whose 1955 killing helped galvanize the Civil Rights movement, and his mother with a national monument across two states. One of the monument sites is the Roberts Temple Church of God in Christ in Chicago, where Till's funeral took place. REUTERS/Brian SnyderSigns erected at Graball Landing since 2008 to commemorate Till's killing have been repeatedly defaced by gunfire. Any future vandalism would be investigated by federal law enforcement rather than local police, according to Patrick Weems, executive director of the Emmett Till Interpretive Center in Sumner, Mississippi. Biden, an 80-year-old Democrat, will likely need strong support from Black voters to secure a second term in the 2024 presidential election.
Persons: Joe Biden, Emmett Till, Mamie Till, Bradley, Wheeler Parker Jr, Till's, Parker, Roberts, Banutu, Gomez, George Floyd, Brian Snyder, Patrick Weems, Emmett, Thomas Edison, Biden, Donald Trump, Christopher Benson, Trevor Hunnicutt, Jonathan Allen, Heather Timmons Organizations: Rights, White, Roberts Temple Church of God, REUTERS, National Park Service, of Liberty, Republican, Mobley Institute, Thomson Locations: Chicago, Money , Mississippi, America, Mississippi, Washington, Tallahatchie, Minneapolis, Lynn , Massachusetts, U.S, Sumner , Mississippi, Summit , Illinois, Lincoln
"Darkness and denialism can hide much but they erase nothing," Biden told guests in the ornate, marble edged Indian Treaty Room next to the White House, before signing the proclamation. One of the monument sites is his funeral location, Roberts Temple Church of God in Christ, in Chicago. Signs erected at Graball Landing since 2008 to commemorate Till's killing have been repeatedly defaced by gunfire. Any future vandalism would be investigated by federal law enforcement rather than local police, according to Patrick Weems, executive director of the Emmett Till Interpretive Center in Sumner, Mississippi. He screened a film recounting the lynching, "Till," at the White House in February.
Persons: Joe Biden, Emmett Till, Mamie Till, Kamala Harris, Bradley, Biden, Patrick Weems, Emmett, Thomas Edison's, Wheeler Parker Jr, Till's, Parker, Donald Trump, Ron DeSantis, Christopher Benson Organizations: White, Rights, Temple Church of God, National Park Service, of, Republican, Florida Governor, Mobley Institute Locations: theIndian, Washington , DC, Chicago, Money , Mississippi, Mississippi, Tallahatchie, Sumner , Mississippi, America, Washington, Summit , Illinois
Truist reiterates Amazon as buy Truist said it's bullish heading into Amazon earnings Aug. 3. Piper Sandler upgrades SL Green to overweight from neutral Piper Sandler said in its upgrade of SL Green that the real estate investment trust has "favorable tailwinds." Piper Sandler downgrades Discover to neutral from overweight Piper Sandler said in its downgrade of the credit card company that it sees too many negative catalysts. Piper Sandler downgrades Carvana to neutral from overweight Piper Sandler downgraded the online used-car company mainly on valuation. Sirius' stock price has more than doubled over the past month and increased 42% yesterday alone.
Persons: . Bank of America downgrades Herc, Herc, Underperform, KeyBanc, it's, Truist, Piper Sandler, Piper Sandler downgrades Carvana, JPMorgan downgrades Blackstone, Morgan Stanley, Eli Lilly, Davidson, Davison, Oppenheimer, Baird, Wedbush, Goldman Sachs Organizations: . Bank of America, . Bank of America downgrades Herc Holdings, Bank of America, Hollywood, NA, Green, DFS, JPMorgan, Novo Nordisk, BMO, Consolidated Edison, of America, Deutsche Bank, Sirius, Nvidia, Microsoft Locations: 2Q23
Rocket Lab's stock has been on a tear, more than doubling this year. Deutsche has a buy rating on Rocket Lab and a $10 price target that is nearly 28% above Tuesday's close of $7.83 a share. Rocket Lab's stock is up 107% year to date. Deutsche expects Rocket Lab's revenue and profitability to continue to climb, thanks to more launches by its Electron rocket. Additionally, Yu highlighted Rocket Lab's recent purchase of former Virgin Orbit assets — bought at an 80% discount in an auction.
Persons: Edison Yu, Yu, , – CNBC's Michael Bloom Organizations: Deutsche Bank, Rocket, Deutsche, Space, Electron, Apple, SpaceX, United Launch Alliance, Virgin Orbit
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