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WASHINGTON (AP) — The Biden administration said Thursday that Egypt's poor human rights record hasn't improved, but it won't withhold as much military aid as it did last year regardless. Egypt has been a top recipient of U.S. military aid since it signed a U.S.-brokered peace deal with Israel in 1979. Congress in recent years has attached restrictions meant to pressure Egyptian leaders to curb human rights abuses to a comparatively small portion of the more than $1 billion in annual military aid to the country. Rights groups and some congressional Democrats had urged the Biden administration to take a hard line against Egypt on human rights, while some lawmakers said strategic interests should be prioritized. U.S. officials said the decision announced Thursday did not signal that the U.S. believed Egypt had made progress on human rights.
Persons: , Biden, Abdel Fattah el, ” Amr Magdi, ” Magdi, Hisham Kassem, Sen, Chris Murphy, Sisi, Kassem, Jamal Khashoggi, , Matthew Lee Organizations: WASHINGTON, U.S, State Department, Human Rights, Connecticut Democrat, Freedom, U.S . State Department, PEN, Amnesty International, Amnesty, Saudi, Newsweek Locations: Egypt, U.S, Israel, Connecticut, Taiwan, Ukraine, PEN America, Saudi Arabia
He highlighted the enhanced photo capabilities on Pro models and called the new double tap feature the most notable upgrade to the Apple Watch. Many analysts expected hikes around $100 and $200 for the beefed up Pro and Pro Max iterations. Apple essentially delivered a $100 price hike on the Pro Max by doing away with the lower storage option. He noted that the hike on the Pro Max skewed to the low end of the Wall Street firm's expectation range. Evercore ISI's Amit Daryanani regarded the event as "mildly disappointing" for bulls hoping for a Pro price increase.
Persons: Toni Sacconaghi, Canaccord Genuity's Michael Walkley, Goldman Sachs, Michael Ng, Wells, Aaron Rakers, Pro Max, iPhones, Atif Malik, Evercore ISI's Amit Daryanani, David Vogt, Samik Chatterjee, Erik Woodring's, Morgan, Apple, Woodring, Sacconaghi, — CNBC's Michael Bloom Organizations: Apple, Apple Watch, Wall, Pro, Citi, UBS Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's 'cancel rage' is starting to wane after password sharing crackdown: Evercore ISI's MahaneyMark Mahaney, Evercore ISI, joins 'Fast Money' to talk Netflix's stock behavior after weak guidance, the impact of price increases, consumer attitudes towards the streamer and more.
Persons: Mark Mahaney Organizations: ISI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpedia's been the 'problem child' in online travel space, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's latest survey on travel demand, the stocks to play in the travel sector, and demand for alternative lodging.
Persons: Expedia's, Evercore, Mark Mahaney Mark Mahaney
The two discussed President Abdel Fattah al-Sisi's offer to mediate the conflict during a short meeting in the coastal city of El Alamein, an initiative Burhan said he welcomed, according to an Egyptian presidency statement. In brief comments from El Alamein, Burhan said he wanted to end the war, but did not mention the possibility of talks. "We ask the world to take an objective and correct view of this war. This war was started by a group that wanted to take over power, and in the process it has committed every crime that could come to mind," Burhan said. The RSF has denied the accusations but said that any of its fighters found involved in abuses would be brought to justice.
Persons: Burhan, Sisi, Abdel Fattah al, General Abdel Fattah al, RSF, Khalid Abdelaziz, Nafisa Eltahir, Mohamed Waly, Maggie Michael, Clauda Tanios, Jacqueline Wong, Andrew Heavens, Mark Heinrich Our Organizations: Rapid Support Forces, United, MSF, Nafisa, Thomson Locations: Egypt, Nyala, Sudan, El Alamein, Saudi Arabia, United States, El, Alamein, El Geneina, West Darfur, Western, Khartoum, South Darfur, Dubai, Cairo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell's tone was hawkish but his comments were very moderate, says Evercore ISI's Krishna GuhaKrishna Guha, Evercore ISI head of global policy, joins 'Closing Bell Overtime' with reaction to Fed Chair Jerome Powell's comments at Jackson Hole.
Persons: Evercore ISI's Krishna Guha Krishna Guha, Evercore, Jerome Powell's, Jackson
Sweltering summer bodes ill for Georgia's strays
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +2 min
Aug 22 (Reuters) - In the blistering heat of a Caucasian summer, Tbilisi's stray dogs and cats are struggling to survive. According to activists, around 500,000 stray dogs and cats live in the country alongside 3.7 million humans. But with Georgia setting new temperature records amid Europe's rolling heatwave, Tbilisi's animals have been suffering. "The attitude was not very good," said Mariam Tsertsvadze, another Animal Project co-founder. "It’s so hard in Georgia to find new owners and forever homes for cats and dogs," he said.
Persons: Natia Chikovani, Mariam Tsertsvadze, Keso Baramidze, Tsertsvadze, It’s, Roman Churikov, Felix Light, Giles Elgood Organizations: Thomson Locations: Georgia, Tbilisi
Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The pan-European Stoxx 600 index retreated 0.9%, weighed down by industrials and technology stocks. Chinese countermeasuresSeparately, China's Ministry of Commerce said it might respond to the Biden administration's executive order restricting U.S. investment in sensitive Chinese technology. [PRO] Surprise social stock pickEvercore ISI's Mark Mahaney is famous for his analysis of technology stocks.
Persons: David Roche, it's, Roche, Shu Jueting, Bitcoin, Sylvia Jablonski, Mark Mahaney Organizations: New York Stock Exchange, CNBC, Treasury, China's Ministry of Commerce, Biden Locations: New York City, Norway's, Defiance
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore ISI's Mark Mahaney breaks down the firm's top internet picksMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's new report on key takeaways from the second quarter earning season, the firm's top internet picks including Uber, Amazon and Spotify, and more.
Persons: Mark Mahaney Organizations: Spotify
The widely followed analyst named the social media stock his favorite name within the firm's internet small/mid-caps universe. Mahaney pointed to the company's partnership with Amazon as a potential driver of advertising growth, and said Pinterest also had opportunities to further monetize its platform. "It appears that the Amazon partnership is progressing faster than expected, and we believe this can bring materially incremental advertiser demand to the Pinterest platform," Mahaney said. "Unlike some other Online Advertisers whose tools are communication-based or consumption-based, we believe Pinterest's primary use cases (inspiration, discovery, action) may face relatively less competition," Mahaney said. Pinterest stock has climbed 10% in 2023.
Persons: Evercore, Mark Mahaney, Mahaney, Pinterest, Bill Ready's, Bill Ready, Michael Bloom Organizations: Amazon
Evercore ISI's Greg Melich is bullish on Walmart
  + stars: | 2023-08-17 | 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 EmailEvercore ISI's Greg Melich is bullish on WalmartGreg Melich, equity analyst at Evercore ISI, joins 'Power Lunch' to discuss Walmart earnings as shares move lower, despite an earnings beat.
Persons: Greg Melich, Walmart Greg Melich Organizations: Walmart, Evercore ISI
Norway wealth fund trims overweight tech investments
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: 1 min
World category · August 16, 2023 · 12:23 PM UTC · ago · agoFor Egyptians grown used to a decade of reliable power supplies and boasts of vast investments in generation, a wave of rolling blackouts came as a shock - shaking faith in President Abdel Fattah al-Sisi's record months before an election.
Persons: Abdel Fattah al
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTraffic momentum is key heading into retail earnings, say Evercore ISI's Greg MelichGreg Melich, equity analyst at Evercore ISI, joins 'Closing Bell' to discuss expectations for retail earnings, signs of consumer strength in retail numbers and how Walmart is gaining share and winning customers.
Persons: Greg Melich Greg Melich Organizations: Evercore ISI, Walmart
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIncreases in productivity go hand in hand with increases in jobs: Evercore ISI's Emanuel on A.I. Julian Emanuel, Evercore ISI Senior Managing Director, joins 'Closing Bell Overtime' to talk the impact of A.I. on the markets.
Persons: Evercore ISI's Emanuel, A.I, Julian Emanuel, Evercore
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInternet advertising bounce back is 'Meta specific', says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI Head of Internet Research, joins 'Closing Bell Overtime' to talk Meta's quarterly earnings.
Persons: Evercore, Mark Mahaney Mark Mahaney Organizations: Internet Research
Evercore ISI's Julian Emanuel says it's time to buy "sector neutral" stocks with earnings momentum but lagging price momentum. Names with earnings momentum Emanuel told CNBC on Tuesday that there's a group of stocks whose earnings momentum is "superior to peers." "We recommend remaining fully invested, shifting focus to a sector neutral quant screen of stocks whose EPS momentum is better than peers yet whose price momentum lags since the March inflection to Maximum Momentum," he wrote in a July 23 note. "Such 'Earnings Mo' to Price Mo'" stocks could be expected to outperform as price momentum leaders 'cool off,'" he wrote. But he said that the long-term story is "exceptionally robust," thanks to an expected "productivity boost" from China.
Persons: Evercore, Julian Emanuel, Emanuel, Price Mo, CNBC's Organizations: CNBC, Deere & Co Energy, Cheniere Energy, Alnylam Pharmaceuticals Communication, Pinterest, Eversource Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore ISI's Stephen Kim bullish bet on homebuilders as inventories remain lowStephen Kim, Evercore ISI, joins 'Power Lunch' to discuss the state of the housing market and if it's safe to bet on homebuilders.
Persons: Stephen Kim bullish, Stephen Kim Organizations: ISI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are now comfortable with the higher-for-longer narrative, says Evercore ISI's EmanuelJulian Emanuel, Evercore senior managing director, joins 'Squawk on the Street' to discuss Emanuel's price targets for the S&P 500, downside risks to the markets, and much more.
Persons: Evercore ISI's Emanuel Julian Emanuel, Evercore Organizations: Investors
Tesla 's plan to share its full self-driving capabilities with original equipment manufacturers has Wall Street analysts talking. TSLA 1D mountain Tesla shares fall after second-quarter earnings The comments from Musk came after Tesla topped second-quarter earnings expectations but showed margin weakness due to recent price cuts. Despite these near-term margin concerns , Morgan Stanley's Adam Jonas highlighted the FSD commentary as his biggest takeaway from the call. He did, however, stress some logistical concerns, including whether Tesla would need "greater involvement" in full software system of its peers. "A potential licensing of FSD would represent an important change of scope in how investors measure the TAM for Tesla."
Persons: Tesla, Elon Musk, we're, Musk, Morgan Stanley's Adam Jonas, Jonas, Goldman Sachs, Mark Delaney, Evercore ISI's Chris McNally, Canaccord, George Gianarikas, — CNBC's Michael Bloom Organizations: Wall, TAM, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's fundamentals story is getting stronger not weaker, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI Head of Internet Research, joins 'Closing Bell Overtime' to talk Netflix earnings and why the stock dropped on initial results.
Persons: Evercore, Mark Mahaney Mark Mahaney Organizations: Internet Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPinterest is a project-driven app that closes the loop on sales, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'The Exchange' to discuss positive trends in the digital advertising space, the bull case for Pinterest, and the impact of Hollywood strikes on Netflix's earnings.
Persons: Evercore, Mark Mahaney Mark Mahaney
Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.
Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners
Iranian President Raisi begins Africa trip with visit to Kenya
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
Raisi's trip to Africa, which will also take him to Uganda and Zimbabwe, is the first by an Iranian president in more than a decade, and represents a bid to diversify economic ties in the face of crippling U.S. sanctions. Iran stepped up its diplomatic outreach to developing world countries after then-U.S. President Donald Trump ditched a nuclear pact in 2018 and reimposed sanctions. In June, Raisi visited three Latin American countries to shore up support with allies also saddled with U.S. sanctions. Raisi is expected to next fly to Uganda to discuss trade and bilateral relations with President Yoweri Museveni, and then to Zimbabwe. The last Iranian leader to visit Africa was Mahmoud Ahmadinejad in 2013.
Persons: Ebrahim Raisi, William Ruto, Donald Trump, Raisi, Kenya's, Yoweri Museveni, Mahmoud Ahmadinejad, Bhargav Acharya, Hereward, Aaron Ross, Jason Neely Organizations: Kenyan, Ruto, Thomson Locations: NAIROBI, Africa, Tehran, Uganda, Zimbabwe, Iran, Kenya, East, Hereward Holland
Evercore ISI's Mark Mahaney says Netflix stock may have overheated heading into second-quarter earnings. Mahaney expects the dominant streaming platform to underperform heading into second-quarter earnings on July 19 and downgraded the stock in the short term. NFLX YTD mountain Netflix stock has climbed more than 46% from the start of the year. Mahaney says while Wall Street expectations for revenue, net subscription growth and earnings per share aren't unreasonable, risks might be inflated due to higher buyside expectations. Wall Street estimates, he added, are 1.8 million.
Persons: Evercore, Mark Mahaney, Mahaney, — CNBC'S Michael Bloom Organizations: Netflix, Wall Locations: NFLX
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. jobs report shows the labor market is cooling, says Evercore ISI's Krishna GuhaKrishna Guha, Evercore ISI vice chairman, joins 'Squawk on the Street' to discuss the Fed's next move after a cool jobs report.
Persons: Evercore ISI's Krishna Guha Krishna Guha, Evercore
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