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WASHINGTON — Former President Barack Obama and Michelle Obama endorsed Vice President Kamala Harris for president, in a short video released Friday by the Harris campaign. The 55-second clip shows the vice president walking backstage at an event, heading toward her motorcade and answering the phone call on speaker. Oh, it's good to hear you both," Harris says warmly. "I can't have this phone call without saying to my girl Kamala: I am proud of you," Michelle Obama says. Harris thanks them for their friendship and adds, "We're going to have some fun with this."
Persons: WASHINGTON —, Barack Obama, Michelle Obama, Kamala Harris, Harris, Kamala, Michelle, Joe Biden's Organizations: WASHINGTON, Democratic
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
Barack Obama has announced that he's endorsing Kamala Harris as the 2024 Democratic nominee. Earlier this week, Michelle and I called our friend @KamalaHarris. In it, Michelle Obama said: "To my girl Kamala, I am proud of you. AdvertisementFollowing this, Barack Obama said: "Michelle and I couldn't be prouder to endorse you and do everything we can to get you through this election and into the Oval Office." One person familiar with the matter told the outlet that Obama thinks Harris has "been off to a great start" with her campaign.
Persons: Barack Obama, Kamala Harris, , Harris, Michelle, @KamalaHarris, 0UIS0doIbA — Barack Obama, Michelle Obama, Kamala, Joe Biden, Obama, Biden's, Biden Organizations: Democratic, Service, Business, NBC, Biden Locations: United States,
The US President endorsed his current vice president, and many prominent Democrats, including Barack Obama, have followed his lead. Money has been pouring into Harris's campaign, and the vice president has already begun campaigning against former president Donald Trump. With Vance by his side, Trump has been trying to woo Silicon Valley away from Biden. Notably, the vice president hasn't taken a strong stance on cryptocurrency, but some expect her to become more pro-crypto than Biden. Meanwhile, with support from pro-crypto running mate JD Vance, Trump has announced he plans to be the first "crypto president."
Persons: , Kamala Harris, Harris, Joe Biden's, Barack Obama, Donald Trump, Sheryl Sandberg, Trump, JD Vance, David Sacks, Peter Thiel, Vance, Thiel, Elon Musk, Aaron Levie, techies, Sean Parker, Tony West, Kamala, she's, Ron Conway, Chiente Hsu, Biden, She's, Hsu, Reed Hastings, Levie, hasn't, Nigel Green Organizations: Service, Democratic, Business, PAC, Politico, VC, Biden, Facebook, Big Tech, Biden Administration, Democratic Party, deVere Group Locations: Silicon, California, Oakland, Bay, Harris, FTX
What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.
Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised its full-year guidance as the drugmaker moves to slash costs. The results come as Bristol Myers moves to cut $1.5 billion in costs by 2025 and reinvest that money into key drug brands and research and development programs. Bristol Myers posted net income of $1.68 billion, or 83 cents per share, for the second quarter. Revenue from Bristol Myers' blood cancer drug Revlimid also topped analysts' estimates for the period despite facing competition from cheaper generics.
Persons: Bristol Myers, Revlimid, Joe Biden's Organizations: Bristol Myers Squibb, LSEG, Revenue Locations: Cambridge, Cambridge , Massachusetts, Bristol, Revlimid
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th national convention in Houston, Texas, U.S. July 25, 2024. Vice President Kamala Harris debuted an official TikTok account on Thursday, underscoring the social broadcasting app's importance to the 2024 presidential campaign as a way to reach voters. The vice president was referring to the widespread attention her recently announced presidential campaign garnered on social media platforms like TikTok. Meanwhile, former President Donald Trump debuted an official TikTok account in June. Watch: "There is no rebranding Kamala Harris," former Trump aide.
Persons: Kamala Harris, Harris, I've, I'd, Charli, Joe Biden's, Joe Biden, Donald Trump, Trump Organizations: American Federation of Teachers, Democratic, CNBC, Facebook Locations: Houston , Texas, U.S, America
Wes Moore of Maryland is supporting Vice President Kamala Harris' presidential campaign. The longtime Biden ally told BI that Harris has brought a "real sense of energy" to the 2024 race. AdvertisementAfter President Joe Biden's decision to step aside as the Democratic presidential nominee, the stunning move upended the 2024 race. Wes Moore of Maryland, a strong ally of Biden who had lined up behind the president's reelection bid, a trusted political partner will no longer be on the ballot in November. This story is available exclusively to Business Insider subscribers.
Persons: Wes Moore, Kamala Harris, Biden, Harris, Moore, , Joe Biden's Organizations: Service, Democratic, Business Locations: Maryland
CEA Chair Jared Bernstein on Q2 GDP
  + stars: | 2024-07-25 | 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 EmailCEA Chair Jared Bernstein on Q2 GDPJared Bernstein, President Biden's Council of Economic Advisers chair, joins 'Money Movers' to discuss the his thoughts on the gross domestic product report, whether the inventories contribution takes the shine off the report, and much more.
Persons: Jared Bernstein Organizations: Biden's, Economic Advisers
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Daines: If you like San Francisco politics, you're going to love Kamala HarrisSen. Steve Daines (R-Mont.) joins 'Squawk Box' to discuss President Biden's remarks from the oval address to address his departure from the 2024 presidential race, Vice President Kamala Harris ascension to the de facto Democratic nominee for president, state of the 2024 race, and more.
Persons: Email Sen, Kamala Harris Sen, Steve Daines, Biden's, Kamala Harris Organizations: Email, Democratic Locations: Francisco
Throughout his repayment, Pedrick has been on an income-driven repayment plan, which calculated his payments based on his five-figure salary. "And I was really thankful not to have to pay my student loan payments at that point." Earlier this year, two separate groups of attorneys general filed lawsuits to block the SAVE plan. The department is still carrying out account adjustments, during which it brings borrowers' payments up to date to bring them closer to relief. Are you concerned about the future of your student-loan payments?
Persons: Alan Pedrick, he's, Pedrick, Joe, He's, Biden, — Pedrick, Bill Cassidy, Biden's, Cassidy, Miguel Cardona, Cardona, it's, I'm Organizations: Service, Business, GOP, SAVE, forbearance, Education Department, Senate, Republican
Vice President Kamala Harris and former President Barack Obama attend an event to mark the 2010 passage of the Affordable Care Act in the East Room of the White House on April 5, 2022 in Washington, DC. Obama privately has fully supported Harris' candidacy and plans to endorse her soon, these people said. Obama is one of the only high-profile Democrats in the country who has yet to endorse Harris. Michelle Obama also supports Harris' candidacy, two people familiar with the matter said. "President Obama looks forward to helping Democrats up and down the ballot make the case to voters this fall," said Eric Schultz, a senior adviser to Obama.
Persons: Kamala Harris, Barack Obama, Obama, Harris, she's, Joe Biden's, Michelle Obama, Eric Schultz Organizations: Affordable, White, Washington , DC Locations: Washington ,
"I've decided that the best way forward is to pass the torch to a new generation," he said. "In this sacred space, I am surrounded by portraits of extraordinary American presidents," Biden said. First lady Jill Biden released a handwritten note to supporters to underline the president's push to hand the torch to Harris. Love,Jill pic.twitter.com/NakOWknWlC — Dr. Jill Biden (@DrBiden) July 25, 2024Republicans have been furious over Biden's decision. Despite the focus on Harris, Biden was clear that he intends to make the most of his remaining months in office.
Persons: , Joe Biden, Biden, I've, Donald Trump, Lyndon B, Johnson, George Washington, Thomas Jefferson, Abraham Lincoln, Kamala Harris, Jill Biden, Harris, Joe —, Love, Jill, Jill pic.twitter.com, Dr, Mike Johnson Organizations: Service, Business, FDR, Kamala, Republicans, Trump Locations: COVID
US Vice President Kamala Harris speaks on the South Lawn of the White House in Washington, DC, US, on Monday, July 22, 2024. The California Homeowner Bill of Rights became law on January 1, 2013. 'There's potential for a lot of good'The latest housing policies the Biden Administration has rolled out generally aim at increasing the supply of affordable housing and lowering costs for buyers and renters. Harris has been involved in Biden's housing policy-making, and it's likely that her campaign will carry on similar blueprints for housing, experts say. "Generally speaking, it does seem like affordable housing, zoning has been something that has been a talking point of hers for a while now," said Jacob Channel, a senior economist at LendingTree.
Persons: Kamala Harris, Ting Shen, Harris, Biden, Jacob Channel Organizations: White, Bloomberg, Getty, Treasury, PRO, U.S . Department of Housing, Urban, HUD, Harvard University Joint Center for Housing Studies, Biden Administration Locations: Washington , DC, California, U.S, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email44% of registered voters say they're more motivated to vote after Biden's withdrawal: Betsy AppBetsy App, Change Research lead analyst, joins 'Squawk Box' to discuss new polling data on the race for the White House in the wake of President Biden's decision to drop out of the race, state of the 2024 election, and more.
Persons: Betsy, Biden's Organizations: White
The Vice President has already secured several influential political endorsements, including the support of President Joe Biden. AdvertisementSheryl SandbergFormer Meta executive Sheryl Sandberg endorsed Kamala Harris for president on social media on Monday. AdvertisementReed HastingsNetflix's Reed Hastings is supporting Harris' presidential bid with a $7 million donation. Ron ConwaySilicon Valley "super angel" investor Ron Conway has also backed Harris' presidential run. She said in an X post: "I am proud to support Vice President Harris.
Persons: , Kamala Harris, Joe Biden, Biden, Harris, She's, Sheryl Sandberg, Sandberg, @kamalaharris, Reed Hastings, Hastings, Ron Conway, Conway, Donald Trump, @KamalaHarris, George Soros, Alex Soros Alex Soros, Melinda French, Bill Gates, Melinda French Gates Organizations: Service, Democratic, Business, Meta, Soros Fund Management, Wall Street Journal Locations: Harris
Netflix's Reed Hastings is donating $7 million to a super PAC supporting Kamala Harris' presidential bid. Hastings told The Information this is the largest donation he's given to a single candidate. Harris' campaign raised $81 million in 24 hours after Biden's endorsement on Sunday. AdvertisementReed Hastings on Tuesday went all in on his support for Vice President Kamala Harris' presidential bid. The Netflix co-founder and executive chairman donated $7 million to a super PAC linked to Harris, The Information reported.
Persons: Netflix's Reed Hastings, Kamala Harris, Hastings, Harris, , Reed Hastings Organizations: Service, Netflix, Hastings, Business
Harris is 59 and was born October 20, 1964 — putting her just weeks outside the Gen X range which is generally thought to span 1965 to the early 1980s. His successor has not been confirmed, but one name being floated is his Gen X lieutenant Stephanie Pope. Could the House of Mouse soon have its first Gen X leader? The picture is not completely clear on how Gen X bosses differ from their predecessors on issues such as remote work and the role of AI in the workplace. AdvertisementIt won't be long, though, until Gen X has a majority grip over power.
Persons: , Gen, Joe Biden's, Kamala Harris, Harris, Xer —, XCX, Joe Biden, Justin Sullivan, boomer Barack Obama, Donald Trump, Sen, JD Vance, Bush, Clinton, Biden, Obama, John McCain, Mitt Romney, HSBC's, Noel Quinn, Georges Elhedery, Xer, David Calhoun, Stephanie Pope, Dave Calhoun, Aaron Schwartz, Gen X, Ron Vachris, Craig Jelinek, Macy's, Tony Spring, Xers, Jamie Dimon, David Solomon, Goldman Sachs, Bob Iger, boomer Bob Chapek, Iger, Brendan McDermid, Tim Cook, Steve Jobs, Jensen Huang, Dimon, Jenn Piepszak, Troy Rohrbaugh, X'ers, JPMorgan Chase, Alex Brandon, Mouse, We'll Organizations: Service, Democratic Party, Business, Democratic, Trump, Boeing, Gen, Gen X Costco, Microsoft, Google, Walmart, Tesla, ExxonMobil, JPMorgan, Blackstone, septuagenarians, Disney, Apple Locations: BlackRock, Silicon Valley, America
Elon Musk was asked what would happen if Trump won the election and withdrew government support for EVs. He said it would be "devastating" for Tesla's rivals but would probably help Tesla "long term." Musk has been an outspoken supporter of Trump in recent weeks, despite his earlier criticism of EVs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk thinks a Trump presidency could be good for Tesla, but "devastating" for its rivals.
Persons: Elon Musk, Trump, Tesla, , Elon, Musk, Joe Biden's Organizations: EVs, Trump, Service
According to Prasad and other experts, Harris' approach to China would likely be similar to that of Biden. Trump's biggest diversion from Biden-era trade policy would likely be tariffs levied on China. The Trump administration reached a "phase one trade deal" with China in 2019, but few terms were honored and subsequent phases never materialized. Tech warwatch nowThe Biden administration also announced rules limiting U.S. investment in Chinese firms developing sensitive technologies, citing national security concerns. She said channels for the two countries to discuss policy issues decreased significantly during the Trump administration, whereas the Biden administration emphasized its diplomatic engagement efforts.
Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Joe Biden, Eswar Prasad, Kamala Harris, Biden, Prasad, Harris, Biden —, Stephen Weymouth, Economist Stephen Roach, William Reinsch, Scholl, Reinsch, JD Vance, Arthur Dong, Chris Miller, Miller, Rorry Daniels Organizations: Van, Getty, House, CNBC, U.S, Cornell University, Trump, International Monetary, Georgetown University, Economist, Center for Strategic, International Studies, Beijing, Georgetown, Tech, Asia Society Policy Institute Locations: Grand Rapids , Michigan, China, Beijing, Ohio, Washington, U.S, Japan, Netherlands
"I draw strength, and find joy, in working for the American people," Biden said from the Oval Office. " "I gave my heart and my soul to our nation," Biden said. Biden's speech comes three days after the 81-year-old president quit the race against former President Donald Trump, the Republican nominee, and threw his full support behind Harris. Evan Vucci | Via Reuters"I have decided the best way forward is to pass the torch to a new generation," Biden said. U.S. President Joe Biden addresses the nation from the Oval Office of the White House in Washington, Wednesday, July 24, 2024, about his decision to drop his Democratic presidential reelection bid.
Persons: Joe Biden, Kamala Harris, Biden, Donald Trump, Harris, Evan Vucci, that's, Jill Biden Organizations: Democratic Party's, Republican, Oval, White, Democratic, Reuters, Trump, Biden Locations: Harris ., Washington, United States, America, Delaware, Covid
Joe Biden exited the presidential race, endorsing Kamala Harris as his successor. Analysts say leaders like Vladimir Putin and Xi Jinping could interpret it as a sign of US decline. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a dramatic but increasingly expected turn of events, Joe Biden exited the presidential race on Sunday via a letter posted on social media. He endorsed Vice President Kamala Harris, who has no serious rivals to succeed him as the nominee.
Persons: Joe Biden, Kamala Harris, Vladimir Putin, Xi Jinping, Biden, Organizations: Service, Democratic, Convention, Business
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Fox News has invited Vice President Kamala Harris and former President Donald Trump to debate each other in Pennsylvania on Sept. 17, according to copies of the letters obtained by CNBC. The invitation comes a day after Trump said he would be willing to debate Harris, the newly minted de facto Democratic nominee, multiple times on a call with reporters. The Harris and Trump campaigns did not immediately respond to CNBC's request for comment on whether they would accept the invite. The debate would serve as a redemption opportunity for Democrats, following President Joe Biden's disastrous debate performance in June.
Persons: Kamala Harris, Donald Trump, Trump, Harris, Bret Baier, Martha MacCallum, Joe Biden's Organizations: Republican, Fox News, CNBC, Democratic, Trump Locations: Pennsylvania
The outcome of the U.S. presidential election and its implications for the crypto industry got more uncertain this week after Vice President Kamala Harris entered the race following President Joe Biden's exit. Many are now wondering what a Harris administration could mean for crypto – especially following years of an anti-crypto crusade led by Biden-appointed SEC Chair Gary Gensler and Sen. Elizabeth Warren, D-Mass. On Tuesday, a day after Harris launched her campaign, billionaire Mark Cuban said her advisors had begun reaching out to him about crypto policy . Bitcoin, the largest cryptocurrency, had recently seen a boost as Trump incorporated crypto into his platform. The crypto industry sees itself as nonpartisan, and in recent weeks has bipartisan support for crypto in Congress has been growing.
Persons: Kamala Harris, Joe Biden's, Donald Trump, , Harris, Biden, Gary Gensler, Sen, Elizabeth Warren, Harris doesn't, they've, , Kristin Smith, Devin Ryan, Mark Cuban, Trump, JMP's Ryan, that's, Ryan, Smith, Nancy Pelosi, Adam Schiff, it's Organizations: U.S, Republican, SEC, Democratic, Democratic Party, Blockchain Association, JMP Securities, Trump, BTC, SAB, Innovation, Technology, Futures Trading Commission Locations: Nashville, bitcoin, California
That is a strategic political calculation, because she knew — and her people knew — that you will not reach the White House if you frolic with war criminals." Kent Nishimura/Getty ImagesThe California Democrat argued that Harris should look toward the example of Vice President Hubert Humphrey. Advertisement'A very tenuous feeling'If Netanyahu's speech on Wednesday was any indication, there's plenty of wiggle room for Harris to pursue a less deferential approach to Israel than Biden. Dozens of progressives issued statements affirming that they were boycotting the speech, engaged in other events, or like Harris, simply came up with convenient scheduling conflicts. He's literally the Trump of Israel," Rep. Maxwell Frost of Florida told me.
Persons: Linda Sarsour, Joe Biden's, They'll, Joe Biden, Benjamin Netanyahu, Kamala Harris, Sarsour, That's, , Biden, Israel —, Harris, Ro Khanna, Sen, Ben Cardin, Kent Nishimura, Hubert Humphrey, Lyndon B, Johnson, Humphrey, Khanna, Netanyahu, He's, Barack Obama's, Trump, Rep, Maxwell Frost of, Becca Balint of, Balint, Rashida Tlaib, Nancy Pelosi, Rashida, Anna Moneymaker, she's, Israel, Summer Lee of Organizations: Service, Democratic, Business, New York, Black Zeta Phi Beta, California Democrat, Democrats, Becca Balint of Vermont, Democrat, Republican, KFC, Palestinian, White Locations: Palestinian, Indianapolis, Israel, Gaza, United States, Ben Cardin of Maryland, California, Vietnam, , Iran, Maxwell Frost of Florida, Palestinian American, Michigan, Summer Lee of Pennsylvania
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