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President Joe Biden on Friday slammed Meta’s decision to end its fact-checking program, calling it “really shameful.”While answering questions from reporters following remarks about the economy, Biden said the move would allow “things that are simply not true” to be read by millions of people. We want to tell the truth,” Biden said. “Anyway, I think it’s really shameful.”Meta did not immediately respond to a request for comment Friday evening. “Basically, these people from the Biden administration would call up our team and, like, scream at them and curse,” Zuckerberg said. “It just got to this point where we were like, ‘No, we’re not gonna, we’re not gonna take down things that are true.

Persons: Joe Biden, Meta’s, “, Biden, “ It’s, ” Biden, we’re, ”, Meta, Gavin Newsom, We’ve, ” Newsom, Mark Zuckerberg, Zuckerberg, Joe Rogan, ” Zuckerberg, Jim Jordan, ” Meta, Donald Trump’s, Trump Organizations: California Gov, Facebook, Biden, ” Facebook, Meta Locations: America, California, Los Angeles

Hundreds of animals are being cared for by humane groups in Southern California as this week's fast-moving wildfires continue to displace residents. A dog with burned paws receives care at Pasadena Humane, an animal center in Pasadena, California. Courtesy Pasadena HumaneThe Los Angeles wildfires have killed at least 11 people, and well over 100,000 remained under evacuation orders Friday, according to authorities. A little further out from Los Angeles, in Burbank, the Los Angeles Equestrian Center is also paying close attention to air quality. Courtesy Pasadena Humane“It goes in and out,” she said of the smoke in the Burbank area.

Persons: ”, Ana Bustilloz, “ We’re, We’ve, Dia DuVernet, “ It’s, ” DuVernet, “, Bustilloz, Ducky —, Jennie Nevin, we’ve, Oliver, DuVernet, spcaLA’s, ” Bustilloz Organizations: Society for, Pasadena Humane, Christi Metropole, American Veterinary Medical Association, NBC, Los Angeles Equestrian, Los Angeles Equestrian Center Locations: Southern California, Los Angeles, Pasadena , California, Pasadena, spcaLA, Burbank

☆ The most horrific wildfires in recent US history have one key feature in common
▼ + stars: | 2025-01-11 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

The Los Angeles fires share a key feature with wildfires that burned down Lahaina, Hawaii and Paradise, CaliforniaPowerful winds met flash-dried landscapes full of vegetation to fuel the flames. The Los Angeles firestorms of the past week share a crucial feature with two of the most horrific wildfires in recent American memory. ADSmoke from Pacific Palisades rises from brown, parched hills above the Pacific Coast Highway. ADThe Palisades Fire burns a Christmas tree inside a residence in the Pacific Palisades. Yard vegetation burns outside a house in the Pacific Palisades as the Palisades Fire spreads.

Persons: Ethan Swope, There's, Louis Gritzo, Angeles Ringo Chiu, Gritzo, David Hume Kennerly, Daniel Swain, Swain, Gavin Schmidt, Schmidt, David Swanson, Pat Durland, Durland Organizations: Fire, AP, UCLA, Environment, Palisades, NASA's Goddard Institute for Space Studies, Getty, National Fire Protection Association Locations: Lahaina, Hawaii, Paradise , California, Los, Los Angeles, Hawaii —, Pacific Palisades, Southern California, Europe, East, China, Brazil, Chile, Australia, Canada, AFP

President-elect Donald Trump has used the devastating Los Angeles wildfires to revisit a policy disagreement with California Gov. But Trump has accused Newsom of restricting those allocations to Southern California. ), but didn’t care about the people of California.”Newsom’s administration sued the Trump administration in 2020 for failing to protect the smelt species. The plan increases water exports from the Delta to Southern California, but cuts exports to some farmers in the San Joaquin Valley. On top of his criticism of Newsom, Trump also blamed Biden for issues delivering water to fire zones.

Persons: Donald Trump, Gavin Newsom, Newsom, ” Trump, Joe Biden, ”, Newsha Ajami, “, …, Mark Gold, Gold, there’s, Erik Porse, Trump, Gavin Newscum, Newsom “, Izzy Gardon, ” “, Gardon, Biden, JOE BIDEN, JOE Organizations: California Gov, Trump, Pacific, Los Angeles Department of Water, Cal Fire, Lawrence Berkeley National Laboratory, Sacramento -, Natural Resources Defense, Metropolitan Water, Los Angeles County, California Institute for Water Resources, NBC News, California, FEMA Locations: hydrants, Sacramento, Sacramento - San Joaquin, Northern California, Central Valley, Southern California, San Joaquin Rivers, California, Metropolitan Water District, Los Angeles, Colorado, San Joaquin, Owens, Sierra Nevada, Delta, San Joaquin Valley

☆ The politics of the California fires are already looming large for both parties: From the Politics Desk
▼ + stars: | 2025-01-10 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, “Meet the Press” moderator Kristen Welker digs into how political leaders from both parties are handling the California wildfires. Plus, senior White House Correspondent Gabe Gutierrez sits down for a one-on-one interview with Donald Trump’s incoming border czar, Tom Homan. The politics of the California fires are already looming large for both partiesBy Kristen WelkerThe fires are still burning in Southern California, ravaging communities and families that have lost their homes, their livelihoods or, in some cases, their loved ones. And as officials race to get the fires under control and help thousands of Californians begin to rebuild, the politics of disaster relief already looms large for both political parties. Read more →That’s all From the Politics Desk for now.

Persons: Kristen Welker, Gabe Gutierrez, Donald Trump’s, Tom Homan, Adam Wollner, Gavin Newsom, Donald Trump, Newsom, Joe Biden, Trump, ”, Glenn Youngkin, bungle, George W . Bush, Chris Christie’s, Hurricane Sandy, Andy Beshear, We’ll, Oklahoma Republican Sen, James Lankford, California Democratic Sen, Alex Padilla, ’ Gabe Gutierrez, “, ’, Homan, “ We’re, ” Homan, ‘ We’re, Lester Holt ”, It’s, Judge Juan Merchan, Adam Reiss, Gary Grumbach, Fallon Gallagher, Dareh, ” Trump, ” Merchan, 📜, Jo, ord, rs of, Russ, Rea, Trum, Obama, oda y ’, lea Organizations: NBC, White House, Capitol, Press, White, Democrats ’, Republican, Virginia Gov, Mar, New, New Jersey Gov, Hurricane, Kentucky Gov, Oklahoma Republican, California Democratic, Incoming, Immigration, ICE, Defense Department, DOD, won’t, U.S, rac Locations: California, Southern California, Virginia, New Jersey, U.S, Darien, ” Panama, Panama, Greenland, United States, Ukraine, New York, Florida

☆ Wildfires complicate California Democrats' plans to lead Trump defiance
▼ + stars: | 2025-01-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +7 min

California was getting ready to fight President-elect Donald Trump. Gavin Newsom called shortly after the November election to position California to counter Trump has been overshadowed by the wildfires, the speed of which seemed to catch many officials off guard. Newsom and other California Democrats have long held the state up as a national leader in addressing environmental issues, social inequality and economic innovation. But the wildfire crisis has exposed vulnerabilities in the state’s infrastructure and governance that critics argue undermine this narrative. Newsom and the political leaders in Hollywood’s hometown were likely to become a political target regardless of what they actually do.

Persons: Donald Trump, Gavin Newsom, Trump, Newsom, Los Angeles Mayor Karen Bass, Gavin Newscum, ” Trump, Bass, ”, Joe Biden “, Mike Madrid, it’s, Madrid, “ Trump, Adam Schiff, He’s, Izzy Gardon Organizations: California Democrats, Los Angeles Mayor, Federal Emergency Management Agency, Firefighters, California Republican, Democratic, Trump, NBC News Locations: California, Los Angeles, United States, America, Angeles, Southern, Texas, Florida, Madrid, ” Madrid

Here is what we know so far about the victims:Anthony and Justin MitchellAnthony Mitchell remembered his father as a "protector" who would do anything for his family. The 67-year-old great-grandfather of 10, who shared the same name as his son, died in his Altadena home. “He probably could have gotten himself out but he wasn’t going to leave my brother,” he told NBC News on Friday. Her generation, my parents’ generation, even all of my friends in high school, they’re all like, 'She was so sweet,'" Navarro told NBC News on Thursday. "My son tried to get him to leave, and my neighbors and myself and he said he'll be fine, I'll be here when you guys come back.

Persons: Anthony, Justin Mitchell Anthony Mitchell, Justin Mitchell, Justin, ”, “, ” Anthony Mitchell, ” Anthony, ‘, ’, ’ ” Justin, Erliene Louise Kelley Briana Navarro, Erliene Louise Kelley, you’re, Navarro, Briana Navarro Navarro, —, he's, Kelley, Victor Shaw Victor Shaw, Shari Shaw, Victor Shaw, Al Tanner, Tanner, Rodney Kent Nickerson Rodney Kent Nickerson, Kimiko Nickerson, Rodney Nickerson, Kimiko Nickerson Nickerson, Kimiko, Nickerson, Lockheed Martin, we've Organizations: NBC, Police, KTLA, NBC News Locations: Southern California, Los Angeles, Altadena, Eaton

Last year was the planet’s hottest in recorded history, NASA announced Friday, marking two years in a row that global temperatures have shattered records. The agency’s analysis found that 2024 was hotter than any year since at least 1880. The back-to-back milestones are part of a continued warming trajectory that climate scientists have long warned about and that was predicted in numerous climate models. “Once again, the temperature record has been shattered — 2024 was the hottest year since record keeping began in 1880,” NASA Administrator Bill Nelson said in a statement. Countries agreed in the landmark 2015 Paris Agreement to limit global warming to 1.5 degrees C (2.7 degrees F) above preindustrial times to avert the most catastrophic consequences of climate change.

Persons: Bill Nelson Organizations: NASA, Service Locations: California, Paris

☆ At least 10 dead in L.A. wildfires and Supreme Court weighs TikTok ban: Morning Rundown
▼ + stars: | 2025-01-10 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

Donald Trump is scheduled to be sentenced in his hush money case. And the Supreme Court will hear arguments about the law that could lead to TikTok’s ban. After failed appeals, the U.S. Supreme Court declined to block the proceeding in a 5-4 ruling yesterday evening. The ruling clears the way for Trump to ask the Supreme Court to block the report’s release. After a video went viral of Donald Trump and Barack Obama sharing a laugh at Carter’s funeral, Trump remarked that .

Persons: Donald Trump, Brianna Navarro, Navarro, Kenneth Fire, Lidia Fire, Joe Biden, Gavin Newsom, Trump, Juan Merchan isn’t, He’s, Jack Smith’s, Justine Goode, Jimmy Carter, Barack Obama, Riley, Angela Yang, Elizabeth Robinson Organizations: Gov, U.S, Supreme, Trump, NBC, Washington National Cathedral, GOP, Westwood Recreation Center, Pasadena Convention, Palisades Locations: Eaton, Los Angeles, West, Acton, Runyon Canyon, Southern California, New York, China, divests, L.A, Brandon, Los, Pasadena

☆ Hottest year on record in 2024 breached global warming threshold, scientists say
▼ + stars: | 2025-01-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The milestone was confirmed by the European Union’s Copernicus Climate Change Service (C3S), which said climate change is pushing the planet’s temperature to levels never before experienced by modern humans. Britain’s Met Office confirmed 2024’s likely breach of 1.5C, while estimating a slightly lower average temperature of 1.53C (34.75 Fahrenheit) for the year. U.S. scientists will also publish their 2024 climate data on Friday. Climate change is worsening storms and torrential rainfall, because a hotter atmosphere can hold more water, leading to intense downpours. Concentrations in the atmosphere of carbon dioxide, the main greenhouse gas, reached a fresh high of 422 parts per million in 2024, C3S said.

Persons: ”, Carlo Buontempo, C3S, Buontempo, It’s, ” Buontempo, Jekesai Njikizana, Donald Trump, Hurricanes Milton, Helene, Spencer Platt, Zeke Hausfather, “ It’s Organizations: Reuters, Britain’s Met, Getty, U.S, Hurricanes, National Oceanic, Atmospheric Administration, Hurricane Milton, Britain’s University of Bristol, Berkeley, El Nino Locations: Paris, Zimbabwe, AFP, California, Bolivia, Venezuela, Nepal, Sudan, Spain, heatwaves, Mexico, Saudi Arabia, U.S, New Port Richey, Florida, Hurricane

The Summary The Los Angeles-area fires are a worst-case scenario caused by powerful winds that struck after months without rain. For the Los Angeles area, the recent string of wildfires represents a worst-case scenario — unusually powerful and prolonged Santa Ana winds struck after months without significant rain. But the steep consequences of the blazes are not a surprise, according to an NBC News review of after-action reports following previous fires, wildfire risk maps, public meetings about wildfire risk and interviews with fire experts. The fires have forced nearly 180,000 people to evacuate, cut power to nearly half a million customers and burned thousands of homes. “It was not if, it was when” said Joe Scott, the chief fire scientist at Pyrologix, a wildfire risk consultancy that worked on the federal analysis.

Persons: ”, Char Miller, ” Miller, Joe Scott, Woolsey, lauding, Anthony Marrone, Ethan Swope, ” Marrone, Zillow, Robert Gray, “ There’s, ” Gray, Gray, Anale Burlew, Apu Gomes, Wade Crowfoot, Anas, Robert Fovell, Miller, “, it’s, Daniel Swain, Swain, ” Swain Organizations: NBC, Pomona College, City, Hollywood, Los Angeles Fire Department, Angeles County Fire, Firefighters, California, Task Force, Pacific, Farm, FAIR, California Department of Forestry, Fire Protection, Franklin, Getty, University of Albany, UCLA Locations: Los Angeles, Santa, Los Angeles County, United States, Palisades, Altadena, Santa Monica, Malibu, Ventura, Angeles, . County, L.A . County, Pacific, California, Pacific Palisades, Southern California, Sunset, Gabriel, Pasadena, Santa Ana

☆ We're seeing rebound in retail spending & experiences, says BofA's Liz Everett Krisberg
▼ + stars: | 2025-01-10 | 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 EmailWe're seeing rebound in retail spending & experiences, says BofA's Liz Everett KrisbergLiz Everett Krisberg, head of Bank of America Institute, joins CNBC's 'Squawk Box' to discuss outlooks on the consumer.

Persons: Liz Everett, Liz Everett Krisberg Organizations: Bank of America Institute

☆ Why China's central bank has stopped bond purchases
▼ + stars: | 2025-01-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that's put unwanted downward pressure on the yuan, analysts said. China's 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest against the U.S. dollar in more than a year. Compared with the U.S. Treasury 10-year bond yield of 4.68%, the yield on the Chinese government 10-year bond is around 1.64%. Supporting the yuanChina has also recently ramped up efforts to support the yuan by issuing bills in the Hong Kong market. The PBOC will auction 60 billion yuan in six-month bills in Hong Kong on Jan. 15, the Hong Kong Monetary Authority said Thursday.

Persons: that's, Larry Hu, Hu, didn't, Pan Gongsheng, Peter Alexander, Lynn Song, Zong Ke, Zhiwei Zhang, Brian Tycangco, Zong Liang, Haizhong Chang, corporates, Fitch Bohua, Bao, Ying Shan Lee Organizations: People's Bank of China, U.S, People's Bank of, gov, Macquarie, PBOC, Ben Advisors, Wequant, Management, U.S . Treasury, Treasury, Stansberry, Hong Kong Monetary Authority, Bank of China, Fitch Locations: Beijing, BEIJING, Hong Kong, People's Bank of China, China, U.S, Shanghai, outflows

☆ Strong jobs data is good news for the economy, just not for the market. Here's why
▼ + stars: | 2025-01-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As far as we're concerned, a good labor market with stabilizing wage growth is not a bad thing. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Oppenheimer, Goldman Sachs, Ming, Chi Kuo, Kuo, we've, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Labor Department, Treasury, Federal Reserve, Costco, Walmart, Jefferies, Apple, Apple Intelligence, MoffettNathanson, JPMorgan Healthcare Conference, BlackRock, JPMorgan Chase, Citigroup, Club, Bank of America, Taiwan Semiconductor Manufacturing Co, UnitedHealth, Jim Cramer's Charitable Locations: U.S, Washington, San Francisco

☆ Tesla: Here's why Bank of America downgraded the stock to neutral
▼ + stars: | 2025-01-10 | 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 EmailTesla: Here's why Bank of America downgraded the stock to neutralJohn Murphy, senior automotive analyst at Bank of America Securities, joins 'The Exchange' to discuss Tesla after his firm downgraded the stock to neutral, his expectations for Elon Musk's electric vehicle firm, and more.

Persons: John Murphy, Tesla Organizations: Tesla, Bank of America, Bank of America Securities, Elon

☆ Levine: Young investors are important because it is about financial education
▼ + stars: | 2025-01-10 | 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 EmailLevine: Young investors are important because it is about financial educationAron Levine, Head of Preferred Banking and Investments at Bank of America, discusses the importance of offering clients access to banking, lending, and investing to achieve long-term goals.

Persons: Email Levine, Young, Aron Levine Organizations: Preferred Banking, Investments, Bank of America

☆ Chinese policymakers are concerned about a 'Japanification' of its economy, says analyst
▼ + stars: | 2025-01-10 | 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 EmailChinese policymakers are concerned about a 'Japanification' of its economy, says analystZerlina Zeng, senior credit analyst at CreditSights, discusses the People's Bank of China's decision to halt government bond purchases

Persons: Zerlina Zeng Organizations: People's Bank

☆ Inflation data will be of paramount importance in the week ahead, with earnings kicking off
▼ + stars: | 2025-01-10 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With investor confidence in the Federal Reserve's interest rate path fast dwindling, the inflation data next week will be of paramount importance for a flagging market. How investors take the December inflation data could have big implications for a market that's already at historically stretched valuations to start the year. Monday, Jan. 13 2 p.m. Treasury Budget (December) Tuesday, Jan. 14 6 a.m. NFIB Small Business Index (December) 8:30 a.m. Producer Price Index (December) Wednesday, Jan. 15 8:30 a.m. Consumer Price Index (December) 8:30 a.m. Export Price Index (December) 8:30 a.m. Import Price Index (December) 8:30 a.m.

Persons: Donald, Allison Schrager, CNBC's, Dan Niles, Niles, John Belton, he's, Belton, Goldman Sachs, Wells, Morgan Stanley, Price, John Williams, Huntington Organizations: Dow Jones, Manhattan Institute, Niles Investment Management, Gabelli, . Treasury, Wednesday, Citigroup, JPMorgan Chase, Bank of America, Treasury Budget, . New York Federal Reserve Bank, Economic, Bank of New York Mellon, Price, Philadelphia Fed, Retail, Hunt Transport Services, U.S . Bancorp, PNC Financial Services, T Bank, Housing, Manufacturing, Schlumberger, Fastenal, Citizens Financial Group, Regions, Truist Locations: FactSet, Wells Fargo, BlackRock, . New, NAHB, U.S

☆ Morgan Stanley welcomed a new class of leaders this week. See all 173 managing director names here.
▼ + stars: | 2025-01-10 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

Morgan Stanley on Wednesday promoted a new class of managing directors to help steer the firm. The promotions come as Wall Street prepares for a more active environment for dealmaking. Morgan Stanley this week welcomed a new class of leaders to help shepherd the bank through what's expected to be a more active dealmaking environment. On Friday, they shared the names of their 173 new managing directors, the bank's highest title outside the C-Suite. Morgan Stanley new MD class is larger than last year's, although short of the multiyear highs hit at Goldman and Citi.

Persons: Morgan Stanley, Goldman Sachs, Andrea Alberti, Andrew Arena Emma Atkins Mona Benisi, Maria Berezhkova Alison Bilger Priya Bindra, Nathan Bishop Peter Boehm Dan Bray, Katalin Broz Shinya Bukawa Edward Bury, Ryuk, James Carroll Matt Cashia, Kathy Chan Kendal Cehanowicz Fabien Charbonnel, Florence Hiu, Cheung Simerjeet Chhatwal, Joseph Chiovitti Cassandra Choi Lindsay Connor, Lori Corbett Stephanie Crombie John Crowe, Jon Davis Laura D'Albey Toussaint Davis, Jamie Day Daniel DeDora Daniel Diamond, Sean Diffley James DiGuglielmo Danielle Dimitriou, James Donnelly Charles, Antoine Dozin Patrick Edwards, Steve Farr Kurt Gabriel, Tish Garrett Jenna Giannelli Marjorie Goichberg, Jennifer Gonzalez Fernando Manuel Gonzalez Baquero Max Gordon, Brown, Anna Grainger Jonathan Greenberg Stephen Grambling, Emma Griffin Dirk Grunert Inan, Gupta Yash Gupta Caroline Halimi, Kyle Hallett Ryuichiro John Hanawa Todd Hand, Sophia Herrmann Andrew T, Hill Jaylene Howard, Phil Humphreys Ross Hutcheson Daniel Iacovitti, Eiji Ieno Kiran Inamdar Tomoo, Paul Jodice Chris Ju, Michele Jones Patrick Keeley, Jr, Michael Keene, Andrei Keis Brian Kelly Aly Kerr, Hussein Khattab Christopher Khouri Nicholas R, Krisztian Kovacs Sara J.G, Krantz Jenna Krause, Mithun, Colm Leahy Jon LeBoutillier, Ben L, Lee Dick Lee Jason Lees, Benjamin Liberos Uri Lichtenfeld Daniel J, Liu Sarah Lloyd, Johns Elly Lukenskaite, Richard Mancusi Koren Maranca, Lesley A, Matthews Helen Mbugua, Mandy McClung, Felipe Medeiros Lauren Miller James Montgomerie, Joseph Morgan Louise Mylott Paul, Marianna Nichols Patrick J, Nolan Onyekwere Randy Ojukwu, Dina Paek Monica Pal Mark K, Paul Rebecca Peckham Richard Perrott, Tony Piperno Jon Pistilli Laurie Pistilli, Sanjiv Prasad Anthony Preisano Jared Richardson, Chris Rigoli Lúlica Rocha Alison Rooney, Brendan Ross Daniel Rossi Samantha L, Schreiber, Neil Schwarz James Scilacci Stephen Scott, Matt Sebesten Federico Sequeda Sajan Shah, Brian Sanderson Steven Santoro Rebecca Shaoul, Eugene Shenkar Aleksey Shevchenko Derek Simmons, Singh, Ben Smith, Lucio Solms, Lich Zachary Solomon Nick Spiller, Reed Staub Kirsten Stewart Alexandra Straton Gleich, Jason Swankoski Keiko Takeno Emma Tamblingson, Frank F, Tang Daniel Tay Zhi Yang Courtney A, Thompson, Paul B, Tucker Ciaran Tuohy Bolivar Valera, Alex J, Visokey Elizabeth Mazzagetti Waggoner Robert R, Walton , Jr, Mae Wang David White Patrick Whitehead, Emma Whitehouse Russell Wilk Brandon D, Erik Woodring Ken Yamaguchi Saba Zahid, Mike Zheng Organizations: Citigroup, Goldman, Citi Locations: Florence

☆ Stocks making the biggest moves midday: Allstate, Walgreens, Delta, Warner Bros Discovery and more
▼ + stars: | 2025-01-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Delta posted adjusted earnings of $1.85 per share on $14.44 billion of revenue. Capri Holdings — The luxury fashion group rose more than 9% following upgrades from Citi and Wells Fargo. Jefferies reported 93 cents earnings per share, while analysts anticipated 97 cents earnings per share, according to FactSet. Walgreens reported 51 cents adjusted earnings per share on $39.46 billion in revenue. Disney , Warner Bros Discovery , Fox — The media stocks fell after scrapping plans for Venu , a joint sports streaming service.

Persons: Chubb, Edison, Jefferies, LSEG, Venu, Truist, Goldman Sachs, Daniel Grosslight, —, Yun Li, Alex Harring, Michelle Fox, Lisa Kailai Han, Jesse Pound Organizations: Delta Air Lines, Delta, Constellation Energy, Constellation, Capri Holdings, Citi, Wells, Allstate, Chubb, Los, AIG, AllState, Travelers, JPMorgan, . Edison, Wednesday, Jefferies, Walgreens, Alliance, Disney, Warner Bros Discovery, Fox, Warner Bros, Semiconductor, Constellation Brands, FactSet, Goldman, AMD Locations: Wells Fargo, California, Los Angeles, Southern California, FactSet

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Tesla, Nike, Sunrun, Amazon, Pinterest & more
▼ + stars: | 2025-01-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of News Corp with a Buy rating and a $36 target price." Deutsche Bank reiterates Tesla as buy Deutsche raised its price target on the stock to $420 per share from $370. JPMorgan reiterates Netflix as overweight The firm lowered its price target to $1,000 from $1,101 ahead of earnings later this month. Monness Crespi Hardt upgrades Pinterest to buy from neutral The firm said the stock has an "undemanding valuation." "The combination of a floundering stock price and improved profitability has left Pinterest with an undemanding valuation.

Persons: Bernstein, Oppenheimer, Ulta, Piper Sandler, Piper, it's bullish, Elliott Hill's, MoffettNathanson, it's, Morgan Stanley, Gilead, Goldman Sachs, Wells, Needham, LULU, Hess, Tesla, Monness Crespi Hardt, Pinterest, ANF, BURL, GIL Organizations: Bank of America, Nvidia, Consumer, Toyota, Citi, News Corp, outperformance, Nike, Mizuho, UBS, Barclays, Semiconductor, AMD, Body, " Bank of America, Chevron, Deutsche Bank, Deutsche, JPMorgan, Netflix, Abercrombie, Fitch Locations: NXPI, Bath, U.S, Burlington

☆ WFH days at JPMorgan are officially over. Read the memo.
▼ + stars: | 2025-01-10 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +6 min

JPMorgan told employees on Friday that their days of hybrid work were numbered. JPMorgan on Friday told employees that hybrid work was largely over. AD"Starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week," a copy of the memo obtained by Business Insider said. This is why starting in March, we'll be asking most employees currently on a hybrid schedule to return to the office five days a week. We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision.

Persons: we'll, Doug Martin, General Mills, JPMorgan's, —, we've Organizations: JPMorgan, Business Insider

☆ Potential Trump policies, not macro, will be the driver of the markets in 2025: ANZ
▼ + stars: | 2025-01-10 | 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 EmailPotential Trump policies, not macro, will be the driver of the markets in 2025: ANZKhoon Goh, head of Asia research for ANZ says there are still many unknowns regarding Trump's potential trade policies that the markets have not priced in and that this will drive the macroeconomic picture and central bank reaction functions.

Persons: ANZ Khoon Goh Organizations: ANZ Locations: Asia

☆ Where to find opportunity in commercial real estate as rates climb, according to experts
▼ + stars: | 2025-01-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

While uncertainties remain in the commercial real estate market, there are still opportunities for investors, according to asset and wealth managers. Even with the path of interest rates unclear, commercial real estate can do "okay" at current borrowing rates, said John Kerschner, head of U.S. securitized products and portfolio manager at Janus Henderson Investors. Diamond Hill's Gimple likes to stick with single-asset, single-borrower CMBS and commercial real estate collateralized loan obligations (CLOs). Gottlieb, whose own specialty is real estate investing, likes to use CMBS for liquidity and as a hedge against property ownership. His clients typically allocate about 5% to 10% of their fixed income portfolio to CMBS.

Persons: Douglas Gimple, John Kerschner, Janus Henderson, Kerschner, Diamond Hill's Gimple, CLOs, that's, Gimple, Diamond, multifamily, CRE CLOs, David Gottlieb, Gottlieb Organizations: U.S, Treasury, SEC, Janus Henderson Investors, Fund Locations: Diamond, multifamily

☆ Citi upgrades McDonald’s to buy as fast-food giant leans into value pivot
▼ + stars: | 2025-01-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A pivot back toward value will boost shares of McDonald's going forward, according to Citi. The bank upgraded shares of the fast food giant to buy from hold. MCD 1Y mountain MCD 1Y chart This year, a revamped national value platform, coordinated messaging push and new products should boost McDonald's competitive advantages versus its peers, according to Citi. Already, evidence shows that McDonald's value pivot has resonated with its customers, with traffic growing following the launch of the $5 Meal Deal in late June, the bank said. LSEG data shows 25 of 40 analysts covering it rate it as a buy or strong buy.

Persons: Jon, Burger, Wendy's, Krispy Kreme, McDonald's Organizations: Citi

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