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CNN —Eight people were injured after a cable car crashed more than 3,000 meters (9,800 feet) above sea level at France’s Val Thorens ski resort on Tuesday, authorities said. The incident seriously injured two people, and left six others with less severe injuries, the local department said. Construction was taking place ahead of Val Thorens’ ski season. Val Thorens is one of Europe’s most popular skiing destinations, and is the continent’s highest altitude resort. The Cime Caron mountain, where the incident occurred, has an altitude of nearly 3,200 meters (10,500 feet).
Persons: Val, Caron, , Val Thorens Organizations: CNN Locations: Val Thorens, Savoie, France, Courchevel
Have you ever wondered why your spouse gets weepy over a TV commercial that leaves you dry-eyed? We partnered with Ad Vingerhoets, one of the world’s top experts on tears, to create a quiz that helps people understand the types of situations that are most likely to make them cry. Below you’ll find hypothetical questions about situations that might trigger tears. The quiz is not meant to be diagnostic. Your tears might stem primarily from compassion, societal conflict, close attachments to those around you, sentimental feelings, or when your sense of right and wrong is tested.
Persons: Ad
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor market is key focus of Fed rate cut, says Morgan Stanley's Jim CaronDavid Kelly, JPMorgan Asset Management chief global strategist; Jim Caron, Morgan Stanley Investment Management CIO of cross asset solutions; and Stephanie Roth, Wolfe Research chief economist join CNBC's 'Power Lunch' to discuss reactions to the Federal Reserve's decision to cut interest rates by a quarter point.
Persons: Morgan Stanley's Jim Caron David Kelly, Jim Caron, Morgan, Stephanie Roth, Wolfe, CNBC's Organizations: Labor, JPMorgan Asset Management, Morgan Stanley Investment, Wolfe Research, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBond yields in general are in a 'trendless range', says Morgan Stanley’s Jim CaronJim Caron, Morgan Stanley Investment Management cross-asset solutions CIO, joins 'Squawk Box' to discuss the recent volatility in the treasury market.
Persons: Morgan Stanley’s Jim Caron Jim Caron, Morgan Organizations: Morgan Stanley Investment Management
Caron: Stocks are at a 20% premium, but EPS growth is slowing.
  + stars: | 2024-10-21 | 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 EmailCaron: Stocks are at a 20% premium, but EPS growth is slowing. Kevin Caron, Senior Portfolio Manager at Washington Crossing Advisors, highlights concerns about slowing EPS growth and high stock valuations. He also notes potential challenges for emerging markets from a stronger dollar but stays optimistic about their outlook.
Persons: Stocks, Kevin Caron Organizations: Crossing Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarson Daly on mental health: The best thing that's ever happened was when I got diagnosedCaron Daly, ‘The Voice’ host and ‘Today Show’ co-host, and Phil Schermer, Project Healthy Minds founder and CEO, join 'Squawk Box' to preview tomorrow's World Mental Health Day Festival and Gala in New York City, Daly's mental health journey, and more.
Persons: Carson Daly, Caron Daly, Phil Schermer Organizations: Healthy Minds Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Insurance cut' is the right way to describe what the Fed did: Jim CaronJim Caron from Morgan Stanley Investment Management explains why the Fed delivered a jumbo rate cut at the start of the rate cut cycle.
Persons: Jim Caron Jim Caron Organizations: Morgan Stanley Investment Management, Fed
The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."
Persons: , Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed set the stage for extremely good equity action in 2025: Hugh Johnson Economics' chief economistHugh Johnson, Hugh Johnson Economics chief economist, and Kevin Caron, Washington Crossing Advisors senior portfolio manager, join 'Power Lunch' to discuss the market's current momentum, their thoughts about the current economy, and more.
Persons: Hugh Johnson, Kevin Caron Organizations: Hugh Johnson Economics, Washington Crossing Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's 50bps cut may send wrong message to equity markets, says JPMorgan's David KellyDavid Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC's 'Power Lunch' to break down the Fed's decision to cut interest rates by 50 basis points and what it means for markets.
Persons: JPMorgan's David Kelly David Kelly, Claudia Sahm, Jim Caron Organizations: JPMorgan Asset Management, Claudia Sahm , New, Morgan Stanley Investment Management Locations: Claudia Sahm ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed 50 basis-point cut is a 'risk management' decision, says New Century's Claudia SahmDavid Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC's 'Power Lunch' to break down the Fed's decision to cut interest rates by 50 basis- points and what it means for markets.
Persons: Claudia Sahm David Kelly, Claudia Sahm, Jim Caron Organizations: JPMorgan Asset Management, Claudia Sahm , New, Morgan Stanley Investment Management Locations: Claudia Sahm ,
Chloé Johnson, 22, has been feeling hopeless lately. She’s struggling to focus on classes at her local community college in Dallas while also working full-time, making $18 an hour as a receptionist. Her car broke down, so the $500 that she had managed to save will now go toward a down payment for a used vehicle. “Right now it just feels, like, very suffocating to be in this position,” said Ms. Johnson, who was diagnosed last year with bipolar II disorder, depression and A.D.H.D. “I’m not getting anywhere or making any progress.”It’s an endless loop: Ms. Johnson’s mental health has worsened because of her financial difficulties and her financial problems have grown, partly because of the cost of mental health treatment but also because her disorders have made it more difficult to earn a college degree that could lead to a more lucrative job.
Persons: Chloé Johnson, She’s, , Johnson, “ I’m Locations: Dallas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA September rate cut is still only 50-50, says Morgan Stanley Investment Management’s Jim CaronCNBC’s Steve Liesman with JPMorgan’s David Kelly, Wolfe Research’s Stephanie Roth and Morgan Stanley Investment Management’s Jim Caron, join ‘Power Lunch’ to react to the Fed’s decision to leave rates unchanged.
Persons: Morgan Stanley, Jim Caron CNBC’s Steve Liesman, JPMorgan’s David Kelly, Wolfe, Stephanie Roth, Jim Caron Organizations: Morgan Stanley Investment, Morgan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s Fed panel react to the Federal Reserve’s decision to leave interest rates unchangedCNBC’s Steve Liesman with JPMorgan’s David Kelly, Wolfe Reseearch’s Stephanie Roth and Morgan Stanley’s Jim Caron, join ‘Power Lunch’ to react to the Fed’s decision to leave rates unchanged.
Persons: Steve Liesman, JPMorgan’s David Kelly, Wolfe, Stephanie Roth, Morgan Stanley’s Jim Caron Organizations: Watch, Federal
Newfound fossils of the extinct arthropod Odaraia alata recently provided scientists with a first glimpse of Odaraia’s jawlike structures, called mandibles. He conducted the research at the Royal Ontario Museum while pursuing a doctoral degree in the University of Toronto’s department of ecology and evolutionary biology. For the new investigation, the researchers examined around 150 fossils collected by Royal Ontario Museum during expeditions between 1975 and 2000. The carapace folded over Odaraia’s limbs, so it may have been unable to walk on the seafloor, according to the Royal Ontario Museum. More mandibulate mysteriesOne feature that puzzled and intrigued the scientists had never been seen before in Cambrian animals: a single toothlike structure between Odaraia’s mandibles.
Persons: Odaraia, Alejandro Izquierdo, López, , , Jean, Bernard Caron, Joanna Wolfe, ” Wolfe, Wolfe, ” Mindy Weisberger Organizations: CNN, Royal Ontario Museum, Royal Society, Biological Sciences, University of Toronto’s, Harvard University, , Scientific Locations: Burgess, British Columbia, Canada, centipedes
When Jurnee McKay, 25, imagines having children, a series of scary scenarios pop into her mind: the “horrors” of childbirth, risks associated with pregnancy, a flighty potential partner, exorbitant child care costs. Abortion care restrictions are also on her list of fears. So Ms. McKay, a nursing student in Orlando, decided to eliminate the possibility of an accidental pregnancy. Like Ms. McKay, a growing number of U.S. adults say they are unlikely to raise children, according to a study released on Thursday by the Pew Research Center. When the survey was conducted in 2023, 47 percent of those younger than 50 without children said they were unlikely ever to have children, an increase of 10 percentage points since 2018.
Persons: Jurnee McKay, McKay, Organizations: Pew Research Center Locations: Orlando
A Fossil Mystery, Solved by a Spin
  + stars: | 2024-07-15 | by ( Jack Tamisiea | ) www.nytimes.com   time to read: +8 min
A Fossil Mystery, Solved by a SpinEssexella fossils date back to the Carboniferous period, when northern parts of Illinois hovered just above the equator. Essexella fossils are composed of two structures — a textured, barrel-shaped region and a smooth bulb. “It looked like the bottom of an anemone,” Dr. Plotnick said. Dr. Plotnick, Dr. Hagadorn and their team redescribed Essexella as an ancient anemone last year in the journal Papers in Palaeontology. Dr. Plotnick posits that these animals once lined the floor of the Mazon Creek estuary.
Persons: Roy Plotnick, Francis Tully, Tully, , Essexella, Plotnick, James Hagadorn, I've, Marjorie Leggitt, Hagadorn, Edward Drinker Cope, Charles Marsh, couldn’t, De Agostini, Jean, Bernard Caron, Hallucigenia, ” Dr, Caron, Caron’s, Dr Organizations: University of Illinois, Denver Museum of Nature, Field Museum, Getty, Royal Ontario Museum Locations: University of Illinois Chicago, Illinois, Chicago, China, Burgess, Canada
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Nationwide Mutual's Kathy Bostjancic and Morgan Stanley's Jim CaronKathy Bostjancic, chief economist at Nationwide Mutual; Jim Caron, chief investment officer at Morgan Stanley Investment Management; and CNBC's Steve Liesman join 'The Exchange' to discuss June manufacturing data, the implication for Fed rate cuts, and how to position.
Persons: Kathy Bostjancic, Morgan Stanley's Jim Caron Kathy Bostjancic, Jim Caron, Steve Liesman Organizations: Nationwide, Nationwide Mutual, Morgan Stanley Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeak manufacturing data paves the way for September rate cut, says Nationwide's Kathy BostjancicKathy Bostjancic, chief economist at Nationwide Mutual; Jim Caron, chief investment officer at Morgan Stanley Investment Management; and CNBC's Steve Liesman join 'The Exchange' to discuss June manufacturing data, the implication for Fed rate cuts, and how to position.
Persons: Kathy Bostjancic Kathy Bostjancic, Jim Caron, Steve Liesman Organizations: Nationwide Mutual, Morgan Stanley Investment Management
The BackgroundFluoride strengthens tooth enamel, and research suggests that drinking water with added fluoride can reduce cavities by up to 25 percent. Most of the women lived in areas with fluoridated water. The researchers measured the fluoride levels in their urine in a single test during the third trimester. And on average, higher fluoride levels in the mothers’ urine were correlated with a greater risk of behavioral problems in the children. That said, the increases in behavioral scores were relatively small — about two points on a scale from 28 to 100 for overall behavioral problems.
Persons: , Beate Ritz, Patricia Braun, Ashley Malin, Malin, Joseph Braun Organizations: National Institutes of Health, Environmental Protection Agency, JAMA, Fielding School of Public Health, University of Colorado School of Medicine, American Academy of Pediatrics, College of Public Health, Health, University of Florida, Water Watch, Center, Environmental, Brown University Locations: United States, Mexico, Canada, Spain, Denmark, Los Angeles
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's rate trajectory will be based on the economic data in Q2, says Citi’s Kristen BitterlyJPMorgan’s David Kelly, Citi’s Kristen Bitterly and Morgan Stanley’s Jim Caron, join ‘Power Lunch’ to react to today’s Fed meeting leaving rates unchanged.
Persons: Citi’s Kristen, David Kelly, Morgan Stanley’s Jim Caron Organizations: Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s Fed panel react to the Federal Reserve’s unanimous decision to leave rates unchangedJPMorgan’s David Kelly, Citi’s Kristen Bitterly and Morgan Stanley’s Jim Caron, join ‘Power Lunch’ to react to today’s Fed meeting leaving rates unchanged.
Persons: David Kelly, Citi’s Kristen, Morgan Stanley’s Jim Caron Organizations: Watch, Federal, Fed
Read previewUS stocks may have already peaked, warns a Morgan Stanley investment chief with a penchant for making successful market predictions. Jim Caron, who oversees Morgan Stanley Investment Management's portfolio solutions group, may want to consider buying a lottery ticket. And considering how much could go wrong in markets, stocks may take a while before rebounding to record highs. Quality stocks in those less-loved sectors should stand out once markets bottom, he said. "The best cure for high yields is high yields because as yields go higher, it becomes like a high-quality hedge to a downturn in the market," Caron said.
Persons: , Morgan Stanley, Jim Caron, Caron, shouldn't, Morgan Stanley's, We're, they'll, We've Organizations: Service, Morgan Stanley Investment, Business, Federal Reserve
Treasury yields shot up last year, and investors flocked to allocating to cash which have yielded around 5% or even more. Morgan Stanley Investment Management's Jim Caron believes the 10-year Treasury yield is very likely to hover between 5% and 5.5%. Caron, who is chief investment officer at its Portfolio Solutions Group, explained that historically, 10-year Treasury yields are "usually a good match" for nominal gross domestic product. How rising yields affect stocks But are rising yields bad for stocks, as commonly thought? "If yields are rising because the economy is running hot, and data and labor markets are stronger, the rising yields need not negatively affect stocks."
Persons: Morgan Stanley, Jim Caron, Caron, CNBC's Organizations: Treasury, U.S . Federal, Morgan, Morgan Stanley Investment, Solutions Locations: U.S
CNBC Daily Open: Worries over rate cuts persist
  + stars: | 2024-02-22 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange during morning trading on July 06, 2023 in New York City. This 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. Nikkei hits record highJapan's Nikkei hit a record high Thursday, while other markets in the region also advanced. AI and chip stocks rallyArtificial intelligence and semiconductor chip stocks rallied after Nvidia's quarterly earnings topped estimates.
Persons: Morgan Stanley, Jim Caron Organizations: New York Stock Exchange, CNBC, Nikkei, Wall, Dow, Nasdaq, Nvidia, Taiwan Semiconductor Manufacturing, Federal, International Air Transport Association, Morgan Stanley Investment Locations: New York City, . Federal, China, Asia
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