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New York CNN —Buying or selling a stock is about to get a lot snappier starting next Tuesday. But that doesn’t mean it’ll get smoother, at least right away — and some financial firms are preparing to handle any possible bumpiness. Clearinghouses, which sit between buyers and sellers, collect margins from traders as evidence that they can afford to make the transaction. Baird has had a T+1 committee in place since last summer to ensure such hiccups don’t happen, Lee said. “The existing two-day period to settle trades exposes investors and the industry to unnecessary risk and is ripe for change,” Robinhood CEO Vlad Tenev said in a February 2021 release.
Persons: , That’s, ” Gary Gensler, , Rich Lee, Baird, Lee, Reddit, Vlad Tenev, Max, Gregory Wallace, Brian West, Mike Whitaker, ” “, ” Whitaker, Read, Meta, that’s, Clare Duffy, Patrick Collison, Nat Friedman, Tobi Lütke, Charlie Songhurst, White, OpenAI Organizations: CNN Business, Bell, New York CNN, Securities and Exchange Commission, Employees, GameStop, AMC Entertainment, AMC, Robinhood, Investors, Boeing, FAA, Federal Aviation Administration, Wolfe Research, ABC, Microsoft, Meta Locations: New York, OpenAI
CNN —Boeing will present its plan to fix quality problems with its assembly line to US regulators next week, the company said Thursday. The FAA said it audited the production line at Boeing and its key 737 Max supplier and found “multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements.” It gave Boeing 90 days to present a plan — and that deadline is next week. Boeing chief financial officer Brian West said Thursday that Boeing and the FAA have had “lots of dialogue” including two check-ins during the preparation of the plan. “Our objective is to make sure the mechanic is fully prepared to do the work as intended,” West said. “We have frustrated and disappointed our customers because of some of the production supply chain issues that we’re up against,” West said.
Persons: Max, Brian West, , , Mike Whitaker, ” “, ” Whitaker, West, ” West, AeroSystems Organizations: CNN, Boeing, Federal Aviation Administration, FAA, Wolfe Research, ABC News, , Airbus
New York CNN —Children have again been found working at a Mar-Jac Poultry slaughterhouse, according to the US Department of Labor. The latest discovery in Alabama comes less than a year after a teen worker was killed at a company facility in Mississippi. The DOL’s recent allegation follows an incident last year in which a teen died at a Mar-Jac facility in Mississippi. According to Mar-Jac Poultry Alabama’s website, “Mar-Jac Poultry does not sell to the general public, individual restaurants or convenience stores. The Labor Department has lately been trying to crack down on incidents of child labor, especially at meatpacking facilities.
Persons: DOL, , Mar, Jac, “ Mar, , Jac Poultry, , Kavilanz, Amy Simonson Organizations: New, New York CNN, Jac, US Department of Labor, CNN, Mar, Labor, Fair Labor, ABC News, Occupational Safety, Health Administration, The Labor Department, Department of Labor, Health, Human Services Locations: New York, Alabama, Mississippi, Mississippi , Alabama, Georgia, Alabama and Mississippi, DOL, Fayette
The video envisages an economic boom, the deportation of migrants, and tax cuts if Trump wins. The Trump campaign claimed the video was shared by a staffer who didn't see the reference to the "unified Reich" before posting it. President Joe Biden's campaign campaign said the post was "foreshadowing a second Trump term that says he will create a 'UNIFIED REICH,' echoing Nazi Germany." In 2016, Trump shared a quote by Italian fascist dictator Benito Mussolini, an ally of Hitler, on X, then called Twitter. The Trump campaign at the time said that critics were "snowflakes grasping for anything" in response to the controversy.
Persons: , Donald Trump's, what's, Trump, Karoline Leavitt, Joe Biden, Joe Biden's, Donald Trump, James Singer, Benito Mussolini, Hitler, Biden Organizations: Service, Trump, Business, ABC News, Associated Press Locations: America, Trump's New York, Nazi Germany, Italian, American
Red Lobster fans clamored for sentimental items from the iconic chain, but they were out of luck. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRed Lobster superfans were desperate to get their hands on sentimental items from the iconic restaurant chain before dozens of locations were laid to rest. Red Lobster, the largest seafood restaurant chain in the world, began abruptly closing stores across the country last week.
Persons: Organizations: Service, ABC News, Business
New York CNN —The Donald Trump hush money trial is dragging reporters into uncomfortable territory and laying bare the complicated relationships journalists often have with sources. Michael Cohen, who continued to testify Thursday, invoked from the stand the names of several high-profile media figures, putting their relationships with the former Trump fixer in the spotlight. Cohen named The New York Times’ Maggie Haberman and MSNBC’s Katy Tur as reporters which he had established relationships with. And he spoke about having recorded dozens of phone calls with media figures, including former CNN boss Jeff Zucker. That reporters are playing a starring role in the trial is also a function of the Trump years.
Persons: Donald Trump, Michael Cohen, Cohen, Maggie Haberman, Katy Tur, John Santucci, Stormy Daniels, Jeff Zucker, Haberman, Trump, , It’s, Todd Blanche Organizations: New York CNN, Trump fixer, The New York Times, ABC, CNN, Trump, Queens Locations: New York
Michael Cohen has been one of Donald Trump's closest associates for years. "What I was doing, I was doing at the direction of and benefit of Mr. Trump," Cohen testified. AdvertisementMichael Cohen was once so loyal to former President Donald Trump that he vowed "to take a bullet" for him. "It means that if somebody does something Mr. Trump doesn't like, I do everything in my power to resolve it to Mr. Trump's benefit," Cohen told ABC News in a 2011 interview. "If you do something wrong, I'm going to come at you, grab you by the neck, and I'm not going to let you go until I'm finished."
Persons: Michael Cohen, Donald Trump's, Trump, Cohen, , Donald Trump, He's, Trump's, I'm Organizations: Service, Manhattan, ABC News, Business
New York CNN —Netflix is rebuilding the cable bundle, sans one important ingredient: news. The company, having blown up the decades-old linear television business and ushered in the costly and destabilizing era of streaming, is inching closer and closer to resembling the entertainment behemoths of yesteryear. Netflix has shown little-to-no interest in investing in either live-news or pre-taped programming (a la, a show akin to “Vice News Tonight” or “60 Minutes”). Rebuilding the traditional cable package without news is akin to putting together a meal that includes steak, potatoes and ice cream, but not the broccoli. The vegetables might not be the tastiest, most popular item on the menu, but neglecting them would not be healthy.
Persons: Tom Brady, John Mulaney’s “, , Bela Bajaria, , Organizations: New York CNN, Netflix, NFL, WWE, Meta, Republicans, Journalists, Warner Bros, Discovery, CNN, Comcast, NBC, Disney, ABC News, Paramount, CBS, SPAN Locations: New York
A rocky startVoight was the first Miss Utah to win the Miss USA crown since 1960. Miss USARose, a fashion designer, bought the Miss USA license after a turbulent year that included rigging allegations and a sexual harassment cover-up. Hector Vivas/Getty ImagesIn her Miss USA resignation letter, Noelia detailed the "detrimental mental and emotional toll" of her time at Miss USA and how it "greatly impacted" her physical health. Noelia and UmaSofia's reigns as Miss USA and Miss Teen USA would have officially ended in August, but their mothers said it became too much. The network — which signed a three-year deal in April to air both the Miss USA and Miss Teen USA competitions — said on Monday that it's now "evaluating its relationship with both pageants," according to USA Today.
Persons: Noelia Voigt, Jackeline Voigt, Noelia's, Jackeline, Barbara Srivastava —, Miss Teen USA UmaSofia Srivastava, Noelia, UmaSofia, Barbara, Miss USA's, Laylah Rose, aren't, Rose, Voight, We're, we're, Brian Ach, Miss USA, Thom Brodeur, UmaSofia Srivastava, Barbara Srivastava Barbara, didn't, Stephanie Skinner, Skinner, Teen USA — Barbara, Rose hadn't, USA's, Kenya Moore, Olivia Culpo, they're, Voigt, Hector Vivas, , — Noelia, Rose weaponized, Claudia Michelle —, Michelle, Colorado Arianna Lemus, Laylah, she's, Barbara Srivastava, it's, Brodeur Organizations: Miss USA, Business, Miss Teen USA, Miss, ABC News, New York, Christmas, Teen USA, Miss Universe, El, ., BI, USA, Miss Teen, Noelia, CW Network Locations: Venezuelan American, Miss Utah, Miss USA, Noelia's, USA, El Salvador
CNN and ABC Snag the TV Coups of the Year
  + stars: | 2024-05-15 | by ( Michael M. Grynbaum | ) www.nytimes.com   time to read: +1 min
All of a sudden on Wednesday morning, the TV booking of the year was up for grabs. But President Biden’s shock announcement that he would skip this fall’s preplanned matchups in favor of debates sponsored by individual news outlets sent network executives into a scramble. He began rewriting his remarks after aides confirmed over the phone that both candidates had agreed to a CNN debate on June 27. Mr. Thompson took out his reading glasses to deliver the announcement onstage, reading from a script scrawled across a creased notecard. Debra OConnell, the head of ABC News, was deep into an annual meeting with regional affiliates when word came in.
Persons: Biden’s, Biden, Donald J, Trump, Mark Thompson, Thompson, Debra OConnell Organizations: CNN, ABC News, Garden, Disney, ABC
Mr. Biden recently indicated he would debate Mr. Trump, but had until now declined to give any firm commitment or specific details. In a video announcing his offer, Mr. Biden taunted Mr. Trump. Mr. Trump leads Mr. Biden in most polls of battleground states, including the recent surveys by The New York Times, Siena College and The Philadelphia Inquirer. Significantly more voters trust Mr. Trump over Mr. Biden to handle the economy. Mr. Biden, exasperated, famously said to Mr. Trump, “Will you shut up, man?
Persons: Biden, Donald J, Trump, , Robert F, Kennedy Jr, Mr, Biden’s, Jennifer O’Malley Dillon, O’Malley Dillon, , Trump’s, “ Let’s, Donald, Ms, Mark Makela, “ Will, Susie Wiles, Chris LaCivita, Reagan, , There’s, Kennedy, Wiles, LaCivita, George W, Bush’s, Barack Obama, Mitt Romney, Richard Perry, Romney, Hillary Clinton’s, Bill Clinton, Reid J, Epstein Organizations: The New York Times, Biden, Commission, Mr, Trump, , , Republican National Convention, Republican National Committee, Siena College, The Philadelphia Inquirer, White House, CNN, Electoral College —, Republican, Democratic, ” Networks, CBS News, ABC News, Telemundo Locations: Washington, Trump’s Manhattan, York, Milwaukee, America
!” Trump said, accepting the challenge on his social media platform with a nod to words that typically open boxing matches. The debates are set for June 27 on CNN and September 10 on ABC News. It’ll be on cable, so not exactly pay-per-view, but certainly not the aired-everywhere style that has become typical of presidential debate since the Commission on Presidential Debates started sponsoring them in 1988. The CNN debate, on the other hand, will be conducted in a TV studio with no audience, which means no applause or cheering. After grumbling from both campaigns, the Commission on Presidential Debates issued a statement arguing that beginning in September would still allow for early voters to watch before making a decision.
Persons: CNN — Joe Biden, “ Donald Trump, ” Biden, Trump, Biden, Harry, , Clint Eastwood’s, “ Let’s, ” Trump, Trump’s, , Hugh Hewitt, It’ll, John F, Kennedy, Richard Nixon, Biden’s, Hunter, Robert F, Kennedy Jr, Organizations: CNN, didn’t, ABC News, Republican, Democratic, Social Security, ABC, Biden, Trump, Commission, Washington Post Locations: Atlanta, New York, Los Angeles, Delaware
Now Christie, like Cohen, is a former Trump associate trying to take the former president down. Cohen is rare in the universe of Trump associates since he both turned on Trump and went to prison. Many of the other Trump aides and associates who faced jail eventually got pardons or clemency and still support the former president. Trump’s pardon helped Bannon avoid prosecution in the border wall scheme, but Bannon may yet go to prison. Trump issued the Flynn pardon shortly after losing the 2020 presidential election.
Persons: Michael Cohen, Donald Trump, Charles Kushner, Kushner, , Chris Christie, Christie, Jared Kushner, Trump’s, Cohen, Trump, Manafort, Paul Manafort, Manafort –, He’s, Bannon, Steve Bannon, Pardoning Bannon, Navarro, Peter Navarro, he’s, Stone, Flynn, Roger Stone, Michael Flynn, Rikers Trump, Allen Weisselberg, Weisselberg, Jonathan Karl, Cohen’s Organizations: CNN, Trump, New, New Jersey Gov, US, Manafort, Republican, Convention, Trump White House, Department of Justice, ABC News Locations: New York City, New Jersey, Mexico, Russia
Vance, the Ohio Republican who is a contender to be former President Donald J. Trump’s running mate, hedged on Sunday when he was asked whether he would accept the results of the November election. Mr. Vance is expected to join Mr. Trump on Wednesday in Cincinnati at a fund-raiser, a possible audition to be Mr. Trump’s running mate. He also attended a recent event at Mar-a-Lago, Mr. Trump’s club in Florida, with several other vice-presidential contenders and Republican donors. Mike Pence, who was vice president at the time, rebuffed Mr. Trump’s calls to disrupt the transfer of power after Joseph R. Biden Jr. won the presidency. During Mr. Vance’s interview with CNN on Sunday, he also defended Mr. Trump’s recent comments that “any Jewish person” who had voted for Mr. Biden “should be ashamed of themselves.”“We have to remember, Donald Trump is very direct here,” Mr. Vance said.
Persons: J.D, Vance, Donald J, hedged, ” Mr, CNN’s Dana Bash, Trump, , Trump’s, Mike Pence, Mr, Joseph R, Biden, Donald Trump, hasn’t, Joe Biden, Donald Trump Jr Organizations: Ohio Republican, Union, Mr, ABC News, Trump, CNN, Senate, Republican Locations: Cincinnati, Florida
A TikTok went viral showing a woman on a Southwest Airlines plane lying in the overhead locker. It's not the first time this has happened, a flight attendant was spotted lying in an overhead locker in 2019. AdvertisementA TikTok video recently went viral showing a woman lying in the overhead locker of a Southwest Airlines plane, leaving passengers baffled. He said that the overhead locker directly above your seat doesn't belong to you. Overhead locker space is a hot-button issue for passengers, so it's probably wise to avoid using it as a seat, too.
Persons: It's, , Veronica Lloyd, Lloyd, it's Organizations: Southwest Airlines, Service, The New York, Daily, ABC News, Business, Fox News Locations: TikTok, Albuquerque, Phoenix
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA woman spent about a year living inside the rooftop sign of a grocery store in Midland, Michigan, police say. "It's a story that makes you scratch your head, just somebody living up in a sign." However, he said that once on the roof she was able to enter the inside of the sign using a 3'x4' access door. Little is known about the woman, including what led her to living on the rooftop.
Persons: , Brennon Warren, Warren, wasn't, I've Organizations: Service, Midland Police Department, Police, Business, Midland Daily News, BI, ABC, The Midland Daily News, Homeless, SpartanNash, Fare Locations: Midland , Michigan, Michigan
Television news may have never been this unsettled six months before a presidential election. ABC News is in the throes of change, after its president announced on Sunday night that she was leaving. Much of the challenge for television news divisions is, at its core, how to navigate a fast-evolving business. Instead, viewers are flocking to less lucrative streaming services, leaving the parent companies of the networks less sure-footed. And all of this is happening as news organizations face one of the trickiest journalistic assignments: an especially divisive presidential race.
Organizations: ABC, CBS, NBC, CNN
Kim Godwin, the president of ABC News, told employees on Sunday night that she was retiring, capping a tumultuous tenure marked by infighting, damaging leaks and a major shake-up of the news division’s leadership ranks. In an email to employees, Ms. Godwin said that she reached her decision to leave after a period of “considerable reflection.” In a separate note to employees, Debra O’Connell, a longtime Disney executive, said she would be overseeing ABC News. “Anyone who’s passionate about what we do knows there’s no other business like it, so this was not an easy or quick decision,” Ms. Godwin said in her note. “I’m certain it’s the right one for me as I look to the future and prioritize what’s most important for me and my family,” she added. Ms. Godwin, the first Black woman to run a broadcast news division, has had a rocky tenure atop ABC News.
Persons: Kim Godwin, Godwin, Debra O’Connell, ” Ms, Organizations: ABC News, Disney, ABC
Lessons from the deadly anthrax attacks of 2001
  + stars: | 2024-05-05 | by ( John Miller | ) edition.cnn.com   time to read: +11 min
This was anthrax,” Pogan said, and he briefed his superiors. Between October 5, and November 22, 2001, five people who were exposed died from anthrax poisoning. For help, they turned to the US Department of Defense lab at Fort Detrick, Maryland, where anthrax expert Dr. Bruce Ivins worked. Investigators in protective suits prepare to enter the New York Times building in New York on October 12, 2001. Police cars are parked outside the American Media building in Boca Raton on Oct. 8, 2001 where environmental tests detected anthrax bacteria.
Persons: CNN —, Bin Laden, America, Robert Stevens, Tom Dachle’s, Tom Brokaw, Patrick Pogan, , , Judith Miller, Pogan, Miller, ’ Pogan, “ Hey, ” Pogan, John Scarbeck, Saddam Hussein, Bin, Bruce Ivins, Steven Hatfill, FBI swabbed, John Ashcroft, Peter Morgan, ” Dr, Bob Mueller, Mueller, Hatfill, Luis M, Alvarez, Dr, Ivins, John J, He’s Organizations: CNN, Center for Domestic Preparedness, Army, New York Police Department, ABC News, ABC, American Media, Boca, New York Post, NBC News, Terrorism Task Forces, New York Times, FBI, New York, New York City Health Department, Unit, US Department of Defense, Department of Defense, Reuters, Counterterrorism, LAPD, Justice Department, Police, Intelligence, Los Angeles Police Department Locations: Anniston, Alabama, Florida, Boca Raton , FL, Staten, New York City, , Fort Detrick , Maryland, Maryland, Rhodesia, Zimbabwe, New Jersey, New York, Boca Raton
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After the meeting concluded, a person familiar with the situation told CNN that Godwin was simply at a prescheduled doctor’s appointment. Regardless, the rampant speculation her absence spurred spoke to the apprehension of staffers, who are thirsty for change and whose patience is wearing thin. Bob Iger is known to pay special attention to ABC News and OConnell wouldn’t have been appointed had Disney brass not felt it necessary. “She knew it was bad, but I don’t think she knew how bad it was,” a network insider told CNN. It’s now up to OConnell to dig ABC News out of the ditch and infuse it with its old swagger.
Persons: Kim Godwin, Godwin, Debra OConnell, Greg Doherty, Bob Iger, OConnell, Akin, Chris Licht’s, It’s Organizations: New York CNN, ABC, CNN, Disney, ABC News Locations: New York, Burbank
When a journalist is killed, it is not just their voice that is silenced: Press freedom is your freedom. Over 30 years ago, the United Nations recognized May 3 as World Press Freedom Day: a global reminder of the importance of press freedom and an opportunity to assess its health around the world. The Committee to Protect Journalists (CPJ) found that at least 100 journalists and media workers have been killed since we last marked World Press Freedom Day. Tragically, on this World Press Freedom Day, our work is needed more than ever. On this World Press Freedom Day, the fallen who gave their lives for the truth should serve as a reminder as to why press freedom is really your freedom.
Persons: Jon Williams, Rory Peck, Read, Jon Williams Rory Peck, Bayeux, , Simon Cumbers, Simon, Al, Louise, Cumbers, Johnny Green, Thomas Jefferson, ” Jefferson, it’s, Dom Phillips, Phillips, Aldeia Maloca, Bruno Pereira, Joao Laet, don’t Organizations: Rory Peck Trust, BBC News, ABC News, CNN, 1st Cavalry, Canadian, BBC, The Washington Post, United Nations, Protect Journalists, Getty, United, Twitter, Facebook Locations: Bayeux, Northern France, France, Omaha Beach, Europe, Nazi Germany, Normandy, Paris, , Saudi Arabia, Al Qaeda, Saudi, Riyadh, Ireland, London, South, Indonesia, Turkey, India, Madrid, Irish, Kabul, Afghanistan, Gaza, Ukraine, Honduras, Sudan, Philippines, Brazil, Aldeia, Roraima, AFP, Britain, United States, Israel, Egypt
CNN —Joe Biden’s Democratic base has been divided over the Israel-Hamas war. To some, including people within Biden’s own party, the public demonstrations against the war in Gaza remind them of the Vietnam War protests. A mere 2% answered with some version of the Israel-Hamas war (e.g., the Middle East conflict). An unpopular warThis is dramatically different from what we saw in 1968, when the Vietnam War forced President Lyndon Johnson to abandon his reelection bid. Only a small fraction of that polling decline can be attributed to Biden’s war response.
Persons: Joe Biden’s, Biden, That’s, Lyndon Johnson, it’s, Donald Trump, Trump, Biden’s Organizations: CNN, Joe Biden’s Democratic, NBC, Gallup, Republican, Trump, Black South, ABC, Quinnipiac Locations: Israel, Gaza, Vietnam, Africa’s, South Africa
New York CNN —ABC News President Kim Godwin is skating on thinner and thinner ice. OConnell, according to people familiar with the matter, has been astonished by Godwin’s management — or lack thereof — at the network. “She has to take swift moves,” a person familiar with the inner workings of ABC News candidly told me of OConnell. Those lieutenants include Stacia Deshishku, executive editor and senior vice president; Derek Medina, executive vice president; and Jose Andino, vice president of the office of the president and process management. As OConnell’s not-so-subtle evaluation has played out at ABC News, Godwin has privately voiced displeasure about being layered away from Iger and bemoaned Disney’s micromanagement, CNN was told.
Persons: Kim Godwin, Debra OConnell, OConnell, Godwin, Galen Gordon, Jonathan Greenberger, Bob Iger, tepidly, , Stacia, Derek Medina, Jose Andino, OConnell’s, Disney’s micromanagement Organizations: New York CNN, ABC, Disney, ABC News, POLITICO, CBS, , CNN Locations: New York, Burbank, Washington, Iger
President Joe Biden (L) listens to Israel's Prime Minister Benjamin Netanyahu as he joins a meeting of the Israeli war cabinet in Tel Aviv. President Joe Biden held a phone call on Sunday with Israel's Prime Minister Benjamin Netanyahu against the backdrop of growing U.S. college campus protests and a possibly imminent invasion of Rafah. Netanyahu shows no signs of backing away from a ground offensive there — a potential move that the U.S. publicly opposes. Sunday's conversation was Biden and Netanyahu's first phone call since April 4, when Biden spoke with Netanyahu after an Israeli airstrike killed seven World Central Kitchen humanitarian workers. Biden said in early April that he thinks Netanyahu is making a "mistake" with his handling of the war, adding, "I don't agree with his approach."
Persons: Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, John Kirby, we've, Netanyahu's Organizations: Tel Aviv . U.S, Israel's, National Security, ABC, Israel, Kitchen Locations: Tel Aviv, Rafah, Gaza, U.S, Israel
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