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"The key to finishing our work this week will be bipartisan cooperation, in both chambers.”Last week, 14 House Republicans teamed with nearly all Democrats to torpedo a six-month funding bill that included the SAVE Act. “It’s, in my opinion, galactically stupid to do a government shutdown even after an election. Schumer, the Senate Democratic leader, took steps last week to tee up a vote on a government funding bill, preparing the upper chamber to step in if Republicans in the House flame out again. Some Republicans had pushed for the House to act quickly, worried that a funding bill passed by the Democratic-led Senate could be loaded up with extraneous spending. If Congress succeeds in passing the new House CR before the Oct. 1 deadline, they'll have another shutdown fight awaiting them in December.
Persons: WASHINGTON, Donald Trump, Trump, Mike Johnson, Johnson, “ I’ve, ” Johnson, , Joe Biden, Chuck Schumer, D.N.Y, Schumer, “ It’s, it’s, , Mike Garcia, Garcia, Don Bacon, Byron Donalds, ” Schumer, Donald Trump’s, he’d, Johnson “, there’s, “ We’re, Mike Simpson Organizations: White, Sunday, SAVE, Trump, Mar, Lago, CR, Republicans, , Democratic, Republican Locations: Washington, Idaho
In today's big story, China isn't proving to be the economic promised land US companies once hoped for . US-China relations have been on shaky ground for a while, to put it mildly. But despite the growing animosity, US corporations' push to sell things to Chinese consumers has been a middle ground everyone can agree on. AdvertisementTaiwan Semiconductor Manufacturing Company makes vital hardware components for most the world's chip companies, including industry giant Nvidia. Nvidia CEO Jensen Huang recently said his company has a backup plan if things were to kick off in Taiwan .
Persons: , Jamie Dimon, Tyler Le, Insider's Linette Lopez, It's, that's, Kiran Ridley, Stringer, Getty, Jensen Huang, Huang, Alyssa Powell, Trump, Harris, isn't, Howard Marks, Marks, Rebecca Noble, Vance, Tom Brady, Jeff Bezos, it's, Ryan Routh, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Amanda Yen, Grace Lett, Milan Sehmbi Organizations: Service, Business, China Xinhua News Agency, Getty, Apple, Nike, Huawei, Taiwan Semiconductor Manufacturing Company, Nvidia, Billionaire, Economic Forum Locations: Washington ,, China, China . US, Washington, Beijing, Taiwan, USA, Florida, New York, London, Chicago
CNBC Daily Open: Recession concerns still linger
  + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like the preliminary measure of PMI, consumer confidence and PCE report.
Persons: QCOM, Brendan McDermid, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, , Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, Friday, FedEx, Nasdaq, Dow, PMI Locations: New York City, U.S
Stephanie Keith | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like GDP figures for the second quarter, consumer confidence and PCE report.
Persons: Stephanie Keith, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, , Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, CNBC, Friday, FedEx, Nasdaq, Dow Locations: New York City
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 5.70%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are near 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: you'll, Freddie Mac, it's, they've, They'll, refinance Organizations: Zillow, Fed Locations: Chevron
As the Fed lowers its benchmark rate, mortgage rates are expected to ease in 2024 and 2025. A lot of people assume that when the Fed cuts rates, mortgage rates will drop, too. By the time the Fed actually gets around to cutting rates, mortgage rates typically already reflect the impact of that cut. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.
Persons: they've, Freddie Mac Organizations: Federal Reserve, Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron
Read previewA recent sleepover made me consider how different my childhood was compared to my children's. While my sleepovers were better than theirs, their experiences in other areas of their childhood seem much better. And while I'm happy they get to have those experiences, I'm also starting to get a little jealous. They don't have to spend hours at church like I didOf all the shared life experiences, church activity makes me the most envious. And it's nice to think that someday in the future, my oldest will be hesitant to let his kid mow the lawn, too.
Persons: , Sleepovers, I'm, Trunchbull, I'd, they've, Zelda, That's Organizations: Service, Business, Disney, Methodist Locations: West Virginia, Orlando, Chattanooga, Asheville, North Carolina, Breckenridge
Learn moreThe 2024 WNBA regular season has come to a close, but the Playoffs are just getting started. We've compiled everything you need to know about how to watch the WNBA Playoffs, including both cable and live streaming options. ET on ESPNHow to watch the WNBA Playoffs in the USRound 1 of the WNBA Playoffs will air across ESPN, ESPN2, and ABC. Check price at ExpressVPNHow to watch the WNBA Playoffs with a VPNSign up for a VPN if you don't already have one. WNBA Playoffs Round 1 scheduleRound 1 games tip-off on September 22.
Persons: We've, They'll, we'll, ExpressVPN Organizations: Business, WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Aces, Atlanta, Indiana Fever, Connecticut Sun, Minnesota Lynx, Phoenix Mercury, ESPN, ABC, Sling, ESPN Indiana, ABC Phoenix, ESPN Seattle, ESPN2, Orange, ESPN3, New York Liberty ESPN, Connecticut Sun ABC, Minnesota Lynx ESPN, Las Vegas Aces ESPN, Connecticut Sun ESPN, . Indiana Fever, Phoenix Mercury ESPN2 Locations: ExpressVPN, York, Connecticut, Minnesota, Vegas
I used to route my flights through Europe, which allowed me to explore new-to-me cities before heading home. But once I discovered Changi Airport in Singapore, it quickly became the stop I planned my entire trip around. But when I stopped at Changi, I wished I had more time to explore. Ree WinterMaking a nearly 24-hour trek four times a year is a hassle, but Changi Airport has made the harrowing journey a little easier to swallow. The blend of advanced travel tech, luxury amenities, and thoughtful design makes Changi more than just a stopover — it's an experience I look forward to every time I travel.
Persons: , it's, Mike Towers, I've, I'd, Ree Organizations: Service, Business, Mike, US, Changi Locations: New Orleans, Europe, Singapore, Changi, Australia
Dow Jones Industrial Average futures are near flat Sunday night after excitement over last week's interest rate cut propelled the blue-chip index to a record closing level. S&P 500 futures and Nasdaq 100 futures are also both little changed. All three of the major indexes added more than 1% for the week, during which the S&P 500 also reached new records. "But the signal is important nonetheless, and markets responded the following day taking the S&P 500 Index to a new all-time high." They'll also be following speeches from Atlanta Fed President Raphael Bostic, Chicago Fed President Austan Goolsbee and Minneapolis Fed President Neel Kashkari for insights into what the central bank will do next.
Persons: Dow, Ronald Temple, Raphael Bostic, Austan Goolsbee, Neel Kashkari Organizations: Dow Jones Industrial, Nasdaq, Federal, Atlanta Fed, Chicago Fed, Minneapolis Fed
Mortgage rates for September 21, 2024, are around 5.70%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have increased slightly and are hovering around 5.70%, according to Zillow data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.
Persons: Freddie Mac, it's, Fannie Mae Organizations: Labor Department, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government
AdvertisementThe chaos and carnage began on Tuesday when pagers used by Hezbollah members started beeping before they exploded en masse across Lebanon. A photo taken on September 18 in Beirut's southern suburbs shows the remains of exploded pagers. AFP via Getty ImagesThe back-to-back attacks killed at least 30 people and injured some 3,000 more, including Hezbollah fighters, and overwhelmed local hospitals. Hezbollah, Lebanon, and Iran all blamed Israel for the deadly attacks. Israel Defense Forces/Handout via REUTERSThe pager and walkie-talkie attacks were certainly disruptive and would have made Hezbollah vulnerable to immediate Israeli military action, experts say.
Persons: , Avi Melamed, pagers, beeping, Israel, Hassan Nasrallah, Douglas London, Yoav Gallant, Bruce Hoffman Organizations: Service, Business, Getty, AFP, intel, American University of, American University of Beirut Medical Center, Anwar AMRO, ANWAR AMRO, CIA, of American Intelligence, Israel Defense Forces, Israeli, Council, Foreign Relations Locations: Lebanon, Iran, Beirut's, AFP, Israel, Baalbek, American University of Beirut, London
An initial DNA test on remains believed to be those of Joseph Couch, the suspect in the Interstate 75 shootings, was inconclusive, but an autopsy confirmed the cause of death was a self-inflicted gunshot wound, state officials said. The soft tissue DNA test was “inconclusive due to extreme decomposition of the body,” and a further DNA test with material extracted from bone will be completed, the Kentucky Justice and Public Safety Cabinet said in a news release. The remains were found in deep brush by a highway exit in Laurel County, which is where London is and where the shootings occurred, state officials said. A couple livestreaming the search for Couch's body helped in the effort and the discovery, state police said. The DNA test from bone is expected to begin Friday and take 24 to 48 hours, the Justice and Public Safety Cabinet said.
Persons: Joseph Couch, “ I’m, William Ralston, Phillip Burnett Jr, Fred, Sheila McCoy, they'll Organizations: Kentucky Justice, Public, Army, Authorities, State Police, Justice, Cabinet Locations: London, Laurel County
Now that the Fed has cut rates, mortgage rates may not drop much further in the near term. But if the Fed doesn't lower rates as much as expected this year, mortgage rates may hold steady or even inch up. But rates are still expected to come down further, so it may also be worth waiting to see how low mortgage rates go. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.
Persons: Lawrence Yun, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal Reserve, Wednesday, National Association of Realtors, Consumers, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron
It's a blanket assumption to think everybody has access to grandparents — or still has grandparents alive. AdvertisementHealth and distance get in the way of helpMy parents live just 15 minutes away, so you might assume they can help. They can't — and, at this stage, won't — because they're in poor health, and my dad works very long hours. They're both employed and can't assist us when we need them unless it's planned months in advance. "After everything was finished, my dad said, '"We really can't do this anymore."
Persons: , Victoria Thorsen, Sen, JD Vance, Vance, They're, it's, It's, — aren't, they're Organizations: Service, Business Locations: Pennsylvania
The SALT deduction allows tax payers to deduct up to $10,000 of property, sales or income taxes that have already been paid to state and local governments. Historically, most of the tax payers who claim the deduction reside in high tax states such as New York, Connecticut, New Jersey and California. There was no cap on SALT prior to the Trump tax bill. Some of those recent conversations have featured Trump's new stance on bringing back the full SALT deduction, despite his bill being the cause for the $10,000 cap. Rep. Young Kim, R-Calif., told CNBC in a statement that the SALT cap is "hurting" her constituents and said Trump's most recent take on SALT shows he's listened to "Americans across the country hurting from the SALT cap."
Persons: Josh Gottheimer, Donald Trump's, Trump, Andrew Garbarino, Garbarino, Anthony D'Esposito, Nick LaLota, Jason Smith, Smith, Young Kim, he's, Kim, they'll Organizations: United States Capitol, Republicans, Senate, Capitol, New York Republicans, CNBC, Democrats, The New, The New Jersey House, Democratic Locations: Washington ,, New York , Connecticut , New Jersey, California, The, The New Jersey
Read previewThe presidential election is running on promises that just don't hold up, according to billionaire investor Howard Marks. "Like me, you've undoubtedly noticed that politicians ranging from former President Trump and Vice President Harris to down-ballot candidates are back to making promises that ignore economic reality," Marks wrote in his latest memo. AdvertisementDonald Trump: Tariffs and taxesIn Trump's case, plans for higher tariffs on virtually all US imports are equivalent to a price hike on average American consumers, Marks said. As these disappear, consumers should prepare for higher prices. Kamala Harris: Price gouging and housingMarks' primary criticism aimed at Harris' anti-price gouging policy.
Persons: , Howard Marks, you've, Trump, Harris, Marks, Donald Trump, they'll, Kamala Harris, Price, Marks isn't Organizations: Service, Business, Oaktree
Nike veteran Elliott Hill is returning to lead the company as its CEO, replacing John Donahoe. The company offered Hill $27 million in compensation, $2 million less than Donahoe's 2023 earnings. Go to newsletter preferences Thanks for signing up! AdvertisementNike has found a new leader, but they'll be paying him more than $2 million less than the salary of the company's outgoing CEO. On Thursday, the sports giant announced that Elliott Hill, a company veteran, will take over outgoing CEO John Donahoe on October 14.
Persons: Elliott Hill, John Donahoe, , they'll Organizations: Nike, Hill, Service, Securities and Exchange, Business
Discovery to form sports streaming service Venu, which promised to offer access to tons of live sports at less than half the cost of traditional cable bundles. Unlike ESPN+, this service will have all of ESPN's content, including Monday Night Football games and shows like "First Take." Disney is doing everything it can to make sure it's not in the same boat — hence its investments in projects like Venu and ESPN Flagship. Despite that drawback, Nollen is optimistic about ESPN Flagship. If ESPN Flagship hits those milestones, it can fully offset the losses from pay TV, which it will — ironically — be partially responsible for.
Persons: , Venu, Tim Nollen, Nollen, Fubo, Venu Sports, Craig Moffett, Michael Nathanson, MoffettNathanson, Margaret Garnett, Garnett, It's, Peacock Organizations: Service, Disney, Media, Business, Netflix, Fox, Warner Bros, ESPN, Football, US, DirecTV, ESPN Flagship, Paramount, NBC, CBS Locations: skinnier
But in reality, many avid Target shoppers like myself were left confused, frustrated, and searching for their beloved 1% cash back. Target did confirm that the majority of the Target Circle deals are automatically applied at checkout. It is worth noting that the program sometimes offers Target Circle rewards, which shoppers can apply toward future purchases. However, unlike the previous cash-back earnings, Target Circle rewards are only given after select Target Circle bonuses are activated and redeemed. In my opinion, the solution could be as simple as restoring the beloved cash-back reward for Target Circle members.
Persons: , Roxy Couse, Couse, Target's, they'll, wasn't, I'd, that's, Sephora, Diane von Furstenberg, Stanley Organizations: Service, Business, Target, Circle, Starbucks Locations: Target
The rules impose tougher requirements on companies around their internal cyber resilience strategy and internal practices. CNBC runs through all you need to know about NIS 2 — from what the law requires to the potential penalties businesses could face for violations. Under NIS 2, firms will also have to vet their digital supply chains for cyber threats and vulnerabilities. Companies that fail to comply with the new law could face massive potential fines, along with other punitive actions. Still, even with cyber security a much more prominent focus in board rooms, this hasn't stopped cyberattacks from taking place.
Persons: Oscar Wong, Geert van der Linden, Van der Linden, It's, Chris Gow, Carl Leonard, Leonard, Cisco's Gow, CISO, cyberattacks, Gow Organizations: European Union, NIS, CNBC, Information, EU, Companies, noncompliance, Data, Union Locations: EU, Capgemini, Russian
We've put together everything you need to know about how to buy Indiana Fever vs. Connecticut Sun tickets for both confirmed and contingent games. Indiana Fever vs. Connecticut Sun scheduleThe Indiana Fever vs. Connecticut Sun Round 1 Playoffs schedule begins on September 22 in Connecticut. How to buy Indiana Fever vs. Connecticut Sun ticketsConnecticut Sun tickets for the first two games went on sale last week, and Indiana Fever tickets for the potential third game go on pre-sale today. How much are Indiana Fever vs. Connecticut Sun tickets? Tickets for the Indiana Fever vs. Connecticut Sun match-up vary depending on the date and location.
Persons: We've Organizations: Business, Indiana Fever, Connecticut Sun, Mohegan Sun Arena, Gainbridge Fieldhouse, Ticketmaster, Indiana Fever's Locations: Connecticut, Gainbridge, Indianapolis , Indiana, Indiana, Uncasville, Indianapolis
They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.
Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England
Stevie Wonder has announced a 10-date U.S. tour for October in the days leading up to the presidential election titled “Sing Your Song! As We Fix Our Nation’s Broken Heart,” which echoes the title of his recent politically themed single. Last month, Wonder made a rousing appearance at the Democratic National Convention. “Now is the moment to understand where we are and what it will take to win: win the broken hearts, win the disenchanted, win the angry spirits — now is the time. “This is the moment to remember when you tell your children where you were and what you did … We must choose courage over complacency.
Persons: Stevie Wonder, They'll, Wonder, , , Van Andel Organizations: Wonder Productions, AEG, PPG Paints, Van, Democratic National Convention, PPG, Wells, CFG Bank, Greensboro Coliseum, State Farm, Little Caesars, Fiserv, Target, NBC Locations: Pittsburgh , Pennsylvania, New York City, Philadelphia, Baltimore, Greensboro, Atlanta, Detroit, Milwaukee, Minneapolis, Grand Rapids , Michigan, New York , New York, Madison, Philadelphia , Pennsylvania, Wells Fargo, Baltimore , Maryland, Greensboro , North Carolina, Atlanta , Georgia, Detroit , Michigan, Milwaukee , Wisconsin, Minneapolis , Minnesota, Rapids , Michigan
Nvidia CEO Jensen Huang predicts a future with personal robots like R2-D2 and C-3PO from Star Wars. Huang referenced the droid duo during an appearance at T-Mobile's Capital Markets Day. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia chief Jensen Huang seems to be excited about the future of robotics. During an appearance at T-Mobile's Capital Markets Day on Wednesday, Huang made bold predictions about the future, referencing robots from the Star Wars movie franchise.
Persons: Jensen Huang, Huang, Organizations: Nvidia, Star Wars, Mobile's, Service, Business
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