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[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.
Persons: Bob Pisani Organizations: Edge
[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.
Persons: Bob Pisani Organizations: Edge
Fed officials in recent speeches have said they’re pleased with the latest inflation data, acknowledging the steady progress but saying they’re not quite fully comfortable yet with slashing rates. “We set this rate when inflation was over 4%, and inflation is now, let’s call it, 2.5%. He has said that an unexpected weakening in the labor market would prompt the Fed to consider cutting rates sooner than expected. Economic growth in 2024 has been solid so far, despite the highest interest rates in nearly a quarter century. But the Fed’s decision to cut rates will be mainly based on inflation readings, absent any concerning news about the job market.
Persons: they’re, Christopher Waller, Austan Goolsbee, , Goolsbee, Loretta Mester, Jerome Powell’s, ” Kathleen Grace, Waller, ” Powell, Powell Organizations: Washington CNN, Federal, Fed, Chicago Fed, Wall Street, Cleveland Fed, CNN, Labor
CNN —At least 43 people have died following major landslides in the southern Indian state of Kerala, officials said Tuesday. A massive rescue operation is underway in Kerala’s northeastern district of Wayanad, involving 250 people from the national and state disaster rescue force and the Kerala fire services, PM Manoj, Press Secretary to the Kerala Chief Minister, told CNN. “We don’t know if people have been washed away in the river but we are doing our best to rescue people. Rescuers help residents move to a safer place after multiple landslides hit Wayanad, in the southern state of Kerala, India, on July 30, 2024. In a post to X, Indian Prime Minister Narendra Modi said he was “distressed by the landslides in parts of Wayanad.
Persons: Manoj, ” Saseendran, Kowsigan, Stringer, , George, Narendra Modi, , gratia Organizations: CNN, , Reuters, “ Helicopters, Indian Locations: Kerala, Kerala’s, Wayanad, India, South Asia, China
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Multiple landslides triggered by torrential rains in southern India have killed 49 people, and many others are feared trapped under the debris, officials said Tuesday, with rescue operations being hampered by bad weather. PM Manoj, press secretary to the Kerala chief minister, said the landslides had killed at least 49 people so far. "We are trying every way to rescue our people," state Health Minister Veena George said. Kerala is prone to heavy rains, flooding and landslides. India regularly has severe floods during the monsoon season, which runs between June and September and brings most of South Asia's annual rainfall.
Persons: Manoj, Veena George, Narendra Modi, Modi, Roxy Mathew Koll, Koll Organizations: Response Force, Vehicles, Authorities, Indian, Indian Meteorological Department, Meteorology Locations: Wayanad, India, Kerala state's Wayanad, Kerala, Ghats, Pune
Port-au-Prince, Haiti CNN —Security forces protecting Haiti’s leader provided covering fire as he left a hospital in Port-au-Prince after an interview with CNN, in a stark illustration of the violence that continues to plague the gang-ravaged nation. Conille initially proceeded with the interview and did not remark on the gunfire — which is not an unusual thing to hear in Port-au-Prince. No one was injured and the prime minister was safely returned to his office. In May, Conille was appointed prime minister during the government’s transition period, with the aim to eventually lead Haiti to new elections. Conille had previously briefly served as prime minister from 2011 to 2012 during the presidency of Michel Martelly.
Persons: Garry Conille, MSS Force “, Conille, Ariel Henry, , Michel Martelly Organizations: Haiti CNN — Security, CNN, Haitian National Police, Multinational Security, MSS Force, General Hospital, Haitian Police, Kenyan, Haitian Locations: Prince, Haiti, Port, Conille, Kenyan, Kenya, combatting
McDonald's global comparable sales fell 1% year-over-year last quarter, missing analyst estimates. The company plans to focus on value going forward as low income customers grow weary from inflation. McDonald's same-store sales fell 1% in the most recent quarter, marking the first decrease in same-store sales since 2020. Its net income for the quarter fell to $2.02 billion, down from $2.31 billion the year before. Low income customers, in particular, are shying away from fast food as inflation soas.
Persons: , McDonald's, Chris Kempczinski, Joe Erlinger, Kempczinski Organizations: Service, Consumers Locations: New York, McDonald's, U.S
The popular Southeast Asia destination recently introduced a new five-year visa targeted at remote workers and other travelers looking to stay in the kingdom for extended periods. According to a statement issued by the Thai prime minister’s office, the Destination Thailand Visa (DTV) will allow eligible travelers a period of stay up to 180 days per visit, on a multiple-entry basis, within five years. Thailand certainly isn’t alone in its desire to bring travelers in for longer periods. “A global trend we have observed throughout the post-Covid-19 period has been that travelers are staying at destinations for longer,” he says. “These measures will likely enhance the appeal of Thailand for long-term visitors, potentially increasing these proportions over time.”
Persons: It’s, it’s, , Gary Bowerman, ” Bowerman, “ You’ve, Olivier Ponti, Ponti, Organizations: Bangkok CNN, Muay, Thailand Visa, CNN, Locations: Bangkok, Phuket, Muay Thai, Thailand, Southeast Asia, Thai, Asia, , Asia Pacific
CNN —Wedding bells may soon be ringing for Lady Gaga. The actress and singer introduced Michael Polanksy, her boyfriend of four years, as “my fiancé” to French Prime Minister Gabriel Attal, who Lady Gaga met while attending an Olympic swimming competition on Sunday, as seen in a video posted to the PM’s TikTok page. CNN has reached out to a representative for Lady Gaga for comment. Lady Gaga and Polansky, a tech entrepreneur, first went public with their romance on Instagram during Super Bowl weekend in 2020. While the pair have notoriously been private throughout their relationship, Lady Gaga has shared some insight into their romance on her social media pages.
Persons: Lady Gaga, Michael Polanksy, Gabriel Attal, , Polanksy, Organizations: CNN, French, Olympic, Super, Hollywood Reporter Locations: Paris, Rome
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Read previewAfter roads went eerily quiet during the early months of the pandemic, traffic is back with a vengeance. New remote and hybrid work schedules and a rise in car ownership in recent years have transformed traffic and congestion patterns. New York City had the worst congestion of any city in the world in 2023, the INRIX report found. AdvertisementNew York City had the worst congestion of any city in the world in 2023, the INRIX report found. While the population of New York City residents rose 1.4% between 2012 and 2021, the number of registered passenger vehicles rose by 12%.
Persons: , INRIX, Bob Pishue, COVID, Pishue, Declan Gill Organizations: Service, Business, New, People Locations: Dallas, New York, Manhattan, New York City, York City, Yorkers
CNN —Families of hostages held captive in Gaza condemned Benjamin Netanyahu’s speech to the United States Congress, as pressure grows on the Israeli prime minister to agree to a deal to secure their release. Rather than mentioning a deal, a bellicose Netanyahu told Congress: “The war in Gaza could end tomorrow if Hamas surrenders, disarms and returns all the hostages. Families of Israeli hostages demonstrate ahead of Netanyahu's address to Congress, at the National Mall in Washington, DC, July 23, 2024. An hour of talking without saying the one sentence: ‘There will be a kidnapping deal.’”But Netanyahu’s speech was lauded by members of his government. Anna Moneymaker/Getty ImagesDemocratic Rep. Rashida Tlaib, the lone Palestinian-American congresswoman, held up a black-and-white sign during Netanyahu’s speech.
Persons: Benjamin Netanyahu’s, , , Netanyahu, bellicose Netanyahu, , Noam Peri, Chaim Peri, it’s, Craig Hudson, Yair Lapid, Israel Katz, ” Bezalel Smotrich, Ravid Katz, Kiril Brodski, Tomer Ahimas, Oren Goldin, Maya Goren, Younis, Biden, Tomer Yaakov Ahimas, Khan Younis, Kizan Al, Kamala Harris, Joe Biden, Harris, Nancy Pelosi, Israel, Rashida Tlaib, Anna Moneymaker, Steny Hoyer, Tlaib, Sen, Chuck Schumer, Mark Kelly Organizations: CNN, United States Congress, Labor, Foreign, Religious Zionist Party, Jewish, Israel Defense Forces, Families, United Nations, Getty, Democratic, Democrats Locations: Gaza, Israel, Tel Aviv, Washington , DC, Israeli, Kizan, Kizan Al Najar, Indiana, United States, Palestinian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVice President Harris on ceasefire talks with Israeli PM Netanyahu: 'Let's get the deal done'Vice President Harris addresses the country after meeting with Israeli PM Benjamin Netanyahu to discuss the ongoing war in Gaza.
Persons: Harris, Netanyahu, Benjamin Netanyahu Locations: Gaza
Israeli PM Netanyahu to address Congress: Here's what's at stake
  + stars: | 2024-07-24 | 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 EmailIsraeli PM Netanyahu to address Congress: Here's what's at stakeDan Senor, former foreign policy advisor in the Bush administration and ‘The Genius of Israel’ author, joins 'Squawk Box' to discuss Israeli Prime Minister Benjamin Netanyahu's address to Congress this afternoon, state of U.S.-Israel relations, the war in Gaza, and more.
Persons: Netanyahu, Here's, Dan Senor, Bush, Israel, Benjamin Netanyahu's Locations: U.S, Israel, Gaza
[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.
Persons: Bob Pisani Organizations: Edge
CNN —A local law enforcement commissioner revealed during a House Homeland Security hearing on Tuesday stunning new details about the security failures that led to the near assassination of Donald Trump, raising more questions for the embattled US Secret Service. Paris told lawmakers about the communications between the Secret Service and local law enforcement who initially spotted Thomas Matthew Crooks, the would-be assassin. “That is my understanding,” Paris said, adding that the officers went searching with other local officers in the area. State Police then received a call and a text from the ESU about Crooks’ activity that they immediately relayed to Secret Service. State Police “verbally turned right around and gave it to the Secret Service,” Paris said.
Persons: Donald Trump, Christopher Paris ’, Kimberly Cheatle, Thomas Matthew Crooks, Crooks, Paris, Dan Bishop of, ” Paris, ” Bishop, , , , Dan Goldman, Trump, State Police “ Organizations: CNN, Homeland, Secret Service . Pennsylvania State Police, Paris, Secret Service, Trump, Crooks, Emergency Services Unit, ESU, Republican, , New, New York Democrat, Service, ” Communications, Crooks . State Police, Local, State Police, Secret Locations: Pennsylvania, Butler, Dan Bishop of North Carolina, Paris, New York,
Washington CNN —President Joe Biden will deliver a speech on his decision to drop out of the 2024 race on Wednesday. “I’m going to be on the road and I’m not going anywhere,” Biden said over the phone, his voice still hoarse from Covid. “I won’t be on the ticket, but I am still going to be fully, fully engaged. Prime-time Oval Office addresses from the president are rare. Biden is the first president in more than a generation to decide not to seek a second term.
Persons: Joe Biden, Biden, Harris, “ I’m, ” Biden, I’ve, I’m, ” Harris, Donald Trump, Lyndon B Organizations: Washington CNN, White Locations: Rehoboth Beach , Delaware, Covid, Vietnam
CNN —Within minutes of President Joe Biden endorsing Vice President Kamala Harris to replace him on the Democratic Party’s ticket on Sunday, the internet crackled with lies, altered photos and other misleading claims about Harris. Some supporters of former President Donald Trump – the Republican nominee in the November election – even suggested Biden was the victim of a coup. Meanwhile, a slew of slickly edited pro-Harris videos quickly proliferated on social media as her backers tried to capitalize on the moment. Biden’s likeness was also exploited in the aftermath of his announcement, which came via a post on social media and not televised address. Harris’ team has also embraced a viral post from British pop singer Charli XCX that referred to Harris as “brat,” a concept that includes women and queer empowerment.
Persons: Joe Biden, Kamala Harris, Harris, Donald Trump –, , Biden, slickly, ” Erik Nisbet, Elon Musk, Alexander Soros, megadonor George Soros, Soros, Musk, Jeffrey Epstein, people’s, Harris ’, Charli, Kremlin mouthpieces, Volodymyr Zelensky, , , ” Joseph Bodnar, they’re, Shane Huntley Organizations: CNN, Democratic, Republican, Democratic Party, Northwestern University’s School of Communication, Trump, PBS, Kremlin, Biden, Google Locations: India, Jamaica, British
U.S. President Joe Biden presents the Presidential Medal of Freedom to U.S. Representative and former House Speaker Nancy Pelosi (D-CA) during a ceremony at the White House in Washington, U.S., May 3, 2024. A day later, Biden announced on social media that he was dropping out of the race and endorsed Vice President Kamala Harris. Senate Majority Leader Chuck Schumer, D-N.Y., spoke this afternoon with Biden, according to NBC News. Pelosi praised Biden in a statement after he dropped out of the race. "With love and gratitude to President Biden for always believing in the promise of America and giving people the opportunity to reach their fulfillment."
Persons: Joe Biden, Nancy Pelosi, Donald Trump, Biden, Kamala Harris, Chuck Schumer, Pelosi, Harris Organizations: Representative, White, NBC News, Press, Trump Locations: Washington , U.S
If you haven't been paying attention to tobacco companies, you might not recognize the new landscape. The alternatives also include heated tobacco and nicotine vapor products, although with the latter, tobacco companies face big competition from vaping companies and the proliferation of illicit vapes. PM 1Y mountain Philip Morris' one-year performance Countries around the globe have been working for years to reduce tobacco use. There is no way back," Philip Morris Chief Financial Officer Emmanuel Babeau said at a Deutsche Bank conference in June. Most of that came from companies in China, with tobacco companies only taking about 15% share, the bank said.
Persons: Philip Morris, , Brett Cooper, I'm, Philip, Emmanuel Babeau, Owen Bennett, Cooper, Altria, vapes —, Faham Baig, Dan Ahrens, Ahrens, Edge's Cooper, Jefferies, Bennett, Murray Garnick Organizations: Philip Morris International, Reynolds American, British, Tobacco, Big Tobacco, World Health, Philip Morris, Deutsche Bank, Jefferies, Philip Morris USA, Centers for Disease Control, Drug Administration, U.S, Supreme, FDA, UBS, WHO, Brands, BAT Locations: Colorado, China, rey, Japan, Iquos, U.S, Kentucky, Marlboro, U.S ., London, RRPs
CNN —Billy Horschel will carry the slenderest of leads into the final 18 holes of the Open Championship in Scotland, as the American capitalized on Shane Lowry’s grisly slide to edge clear in a rain-soaked third round. I’m embracing it,” Horschel, whose career best major performance was a tied-fourth finish at the 2013 US Open, told reporters. Lowry's round went downhill after trouble at the 'coffin' bunker on the eighth hole. Stuart Franklin/R&A/Getty ImagesHaving taken a three shot advantage to the eighth tee, the 37-year-old will start the final round three strokes adrift of leader Horschel, and one back from world No. 1 Scottie Scheffler, who shot even-par 71 to stay in contention for a second major title of the season.
Persons: Billy Horschel, Shane Lowry’s, “ I’ve, I’m, ” Horschel, , I’ll, , Kevin C, Cox, Thriston Lawrence, Sam Burns, Russell Henley, Xander Schauffele, Justin Rose, Daniel Brown, Brown, I’ve, ” Brown, you’d, Andrew Redington, Coffin ’, Lowry’s, Lowry, Stuart Franklin, Horschel, Scottie Scheffler, ” Lowry, Adam Scott, Lawrence Organizations: CNN, Troon, European, Irish Locations: Scotland, Horschel, American, Troon
But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, , Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin
By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.
Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S
CNN —A significant Microsoft outage brought low-cost carrier Frontier Airlines and some competitors to a standstill for hours after a regulator halted departures. “Our systems are currently impacted by a Microsoft outage, which is also affecting other companies,” Frontier said in a statement on its website. The Federal Aviation Administration said Frontier asked it to pause the airline’s departures across the United States. “Due to a global outage at a third party vendor, our booking, check-in, and trip-managing capabilities are temporarily unavailable,” SunCountry said on its site. United, Southwest and American Airlines said they were not impacted by the outage.
Persons: , SunCountry, ” SunCountry, ” Allegiant Organizations: CNN, Microsoft, Frontier Airlines, , Federal Aviation Administration, Frontier, FAA, American Airlines Locations: United States, Central, Southwest
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