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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeing some modest upside risk to oil prices from here, says Goldman Sachs' Daan StruyvenDaan Struyven, Goldman Sachs head of global commodities research, joins 'Squawk Box' to discuss the recent oil price trends, impact of geopolitical risks, and more.
Persons: Goldman Sachs, Daan, Daan Struyven
“Just to both of us getting frustrated.”Therein lies the problem: Gentle parenting is proving to be too hard on many parents. One study published in July found that over 40% of self-identified gentle parents teeter toward burnout and self-doubt because of the pressure to meet parenting standards. A wave of think pieces called gentle parenting “too gentle” of a practice that required a parent to turn into a “self-renouncing, perpetually present humanoid.”The gentle parenting philosophy, said Pezalla, is largely a social media trend with no scholarship to back it up. Enter gentle parenting. In theory, gentle parenting has great values to apply to parenting practices — speak kindly and honor connections.
Persons: Lauren Eaton Spencer, Noah, Spencer, , ” Spencer, There’s, Annie Pezalla, Emily Oster, Vivek Murthy, Sarah Ockwell, Smith, gentleparenting, , Dr, Kenneth Ginsburg, overindulgent, Ginsburg, it’s, Diana Baumrind, , Becky Kennedy’s, disciplining, Mariah Maddox, Maddox, Nate, we’re, Loly Spencer, ” “, Pezalla, “ We’ve Organizations: Macalester College, Star, Children’s Hospital of Philadelphia, Parent, NBC News, Pew, University of North Locations: Katy , Texas, influencers, U.S, Lucas County , Ohio, University of North Texas,
They Used to Be Ahead in the American Economy. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. In the reordering of the U.S. economy since 1980, white men without a degree have been surpassed in income by college-educated women. As the American economy has shifted over the past 40 years away from manufacturing and toward services and “knowledge” work, this less visible hierarchy within the economy has shifted, too.
Persons: Jobs, metalworkers, , , Kathy Cramer, David Autor, Tom Kochan, Susan Houseman, , Lisa Boscola, Arlie Hochschild, , appraisers, Cramer, Scott Paul, who’ve, Stephanie Ternullo, Boscola, they’re, Donald J, Noam Gidron, Trump, Rather, Biden, Kamala Harris, Stefanie Stantcheva, Stantcheva Organizations: University of Wisconsin, Workers, Labor, Upjohn Institute, Employment Research, Democratic, Bethlehem Steel, Berkeley, Alliance for American Manufacturing, Harvard, Electoral College, Democratic Party, Republican, Securities, Bank, Radio, Observers, Mr, Obama Locations: American, U.S, Wisconsin , Michigan, Pennsylvania, M.I.T, Manitowoc County, Wis, Wisconsin, Michigan, , I’m, America, Bethlehem, Pa
BEIJING, China — China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing’s envoy to Afghanistan said on Thursday, as the ailing resource-rich but diplomatically-isolated regime looks to build up its markets. “China will offer Afghanistan zero-tariff treatment for 100% tariff lines,” Zhao Xing, Chinese ambassador to Afghanistan, wrote on his official X account late on Thursday, above a photo of him meeting acting deputy prime minister Abdul Kabir. The country exported no commodities to China last year, the data shows, but Zhao has regularly posted photos of him meeting Taliban officials responsible for mining, petroleum, trade and regional connectivity since his appointment last September. “In the Horn of Africa, China’s Special Envoy Xue Bing said that the best way to resolve security and terrorism challenges is through economic development. I think they are bringing that same mindset to Afghanistan,” said Eric Orlander, co-founder of the China-Global South Project.
Persons: Zhao Xing, Abdul Kabir, Zhao, Xue Bing, , Eric Orlander Organizations: Locations: BEIJING, China, Afghanistan, Beijing, Xinjiang, Pakistan, of Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is the best setup for gold and silver in a decade, says Citi's Max LaytonMax Layton, Citi head of commodities research, joins 'Squawk Box' to discuss the price of gold and silver, state of commodities, and more.
Persons: Citi's Max Layton Max Layton Organizations: Citi
AdvertisementDenny's is the latest casualty of the squeeze on family dining chains, announcing this week that it plans to close about 150 locations before 2026. "We believe this is absolutely the right thing to do to make our system stronger," Denny's CEO Kelli Valade told investors. "Everyone has lost traffic," Denny's CEO Valade said. The turn toward takeoutThe rise in takeout has also impacted family dining as more customers look to order food in rather than go out. "They are drawing customers away from traditional family dining establishments," Puzhakov said.
Persons: , Kelli Valade, Valade, Gregg Majewski, Neil Saunders, Tomas Gorny, Gorny, Elijah Puzhakov, Puzhakov Organizations: Service, Securities, Exchange, Craveworthy Brands, McDonald's, KFC Locations: Olive, takeout
Pairs trading is a market-neutral trading strategy that involves simultaneously buying one asset, such as a stock, and selling another related asset. We will review a pairs trade candidate and how to execute it with options. The idea with pairs trading is that, from time to time or over time, there may be a divergence or spread in their prices. Alternatively, another form of pairs trading takes a longer-term and more fundamental perspective. Nike vs. Lululemon Well-known athletic apparel companies Nike (NKE) and Lululemon Athletica (LULU) aren't direct competitors.
Persons: Jim Simons, shorting, Lululemon Athletica, LULU, aren't, Michael Jordan, Tiger Woods, Serena Williams, Lulu, DK Metcalf, Jordan Clarkson, Leylah Fernandez, Lululemon, Lulu hedged Organizations: Ford, General Motors, Technologies, Nike, Seattle Seahawks, NBA, LULU, Lululemon, mojo, CNBC, NBC UNIVERSAL Locations: Lulu
The S&P 500 closed higher on Thursday to end a three-day losing streak. The index was fueled by a surge in Tesla's stock, which closed 22% higher after a strong earnings beat. AdvertisementUS stocks closed mixed Thursday, though the S&P 500 was able to push higher after three days of losses. Its operating profit also exceeded expectations, up 54% from a year ago to $2.7 billion, while analysts expected $2.0 billion. Some analysts, though, remain cautious that the strong earnings will be sustainable in future quarters.
Persons: , Tesla Organizations: Service, Dow Jones, IBM, UBS, JPMorgan
A rise in tech stocks fueled the indexes higher after Tesla reported strong earnings. Jobless claims from last week fell unexpectedly to 227,000, a drop of 15,000 from the week before. AdvertisementUS stocks were mixed Thursday morning, as the market tried to break out of a three-day slump following this week's bond sell-off. Investors' exposure to the S&P 500 is the highest since mid-2023 in a signal that's previously preceded a 10% slump, Citi says. Apple stock tumbles after analyst says iPhone 16 orders cut by 10 million units, sees "no evidence" of AI boosting demand.
Persons: Tesla, Organizations: Dow, Service, Dow Jones Industrial, Treasury, Nasdaq, Investors, Citi, Apple
CNN —The Justice Department has reached a settlement for more than $100 million with the two corporations that owned and operated the container ship that destroyed Baltimore’s Francis Scott Key Bridge in March. The payment stemming from Thursday’s settlement will go to the US Treasury and to the budgets of several federal agencies directly affected by the crash or involved in the response, the Justice Department said Thursday. It will not cover any damages for the reconstruction of the bridge, the department said. In its filing last month, the Justice Department said that the “tragedy was entirely avoidable,” pointing to alleged failures in the ship’s infrastructure. Prosecutors wrote that, instead of fixing longstanding problems with their electrical transformer, the companies “jury-rigged their ship” with makeshift braces that repeatedly broke.
Persons: Baltimore’s Francis Scott Key, Port, , ” Benjamin Mizer, Department’s, Grace Ocean, Mizer, , Prosecutors, CNN’s Kaanita Iyer Organizations: CNN, The Justice Department, Baltimore’s Francis Scott Key Bridge, Grace Ocean Private Limited, Synergy Marine, FBI, Justice Department, US Treasury, Fort McHenry, Synergy, Prosecutors, Coast Guard Locations: Baltimore, Port
Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned. It’s most in-demand among salespeople and other client-facing staff who often field questions from hedge funds or other institutional investors, said Huberty. Productivity boostIn a recent demonstration, the GPT-4 based chatbot was able to summarize Morgan Stanley’s position on matters from copper to Nvidia to the finer points of standing up a data center, understanding industry-specific jargon and providing charts and links to source material. The tool is embedded within workers’ browsers as well as Microsoft Teams and Outlook programs to make it readily available. Understandably, Huberty says she is often asked if AI could ultimately replace the analysts who are creating the reams of research published under Morgan Stanley’s banner.
Persons: Morgan Stanley, Katy Huberty, Morgan, ” Huberty, Wall, Pierre Buhler, ” Buhler, ” It’s, Goldman Sachs, Huberty, that’s, , chatbot, Morgan Stanley’s, Organizations: CNBC, JPMorgan Chase, SSA, Co, JPMorgan, Employees, Productivity, Nvidia, Microsoft Locations: San Francisco
"I think all roads lead to inflation," Jones told CNBC's "Squawk Box" on Tuesday. "I'm long gold. I'm long bitcoin. I think commodities are so ridiculously underowned, so I'm long commodities. @GC.1 YTD mountain Gold, YTD The CBO expects deficits will hit $2.8 trillion by 2034, up from $1.8 trillion in fiscal 2024.
Persons: Paul Tudor Jones, Jones, CNBC's, That's, Robin Hood, Donald Trump, Bitcoin Organizations: Trump, Nasdaq, Tudor Investment, Robin, Robin Hood Foundation, Congressional, Treasury, Federal, Metrics Locations: U.S
Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. But Wider noted the de-correlation of 10-year Treasury real interest rates (adjusted for inflation) and the price of gold. XAU= 5Y mountain Gold John Reade, senior markets strategist at the World Gold Council trade association, warned of volatility ahead, however. Allocating to gold Reade advised investors to always have a position in gold, albeit as a relatively small part of a portfolio. Principal Asset Management's Jablonski, meanwhile, said he has less than 5% of his portfolio allocated to commodities, including gold.
Persons: Michael Widmer, I'm, CNBC's, Widmer, Todd Jablonski, Jablonski, John Reade, Reade, Management's Jablonski, Fred Imbert Organizations: Bank of America, Treasury, CNBC Pro, World Gold Council, CNBC
The International Monetary Fund raised its growth forecast for the US economy to 2.8% this year. AdvertisementThe International Monetary Fund raised its growth forecast for the US, projecting the world's largest economy would expand by 2.8% this year instead of the 2.6% it predicted in July. However, they predicted GDP growth would slow to 2.2% in 2025 as the US government curbs its spending and the labor market cools, sapping consumption. The IMF projected global growth of 3.2% in both 2024 and 2025, virtually unchanged from its previous prediction. They underscored their latest forecast for global growth over the next five years of 3.1% was "mediocre" compared with the pre-pandemic average.
Persons: Organizations: Monetary Fund, IMF, Service, UN Locations: China, East, Central Asia, Africa, Asia
Inflation will rise regardless of whether Donald Trump or Kamala Harris wins the presidency, Paul Tudor Jones said. "All roads lead to inflation," Jones said on Tuesday. "I'm long gold. I'm long bitcoin. I think commodities are so ridiculously under-owned, so I'm long commodities.
Persons: Donald Trump, Kamala Harris, Paul Tudor Jones, , Jones, that's, Trump, Jones —, Harris Organizations: Service, CNBC, Nasdaq, Republican, White, Congressional, Office, Trump, Treasury
On the earnings front, Tesla, UPS, and Boeing will report later in the week. AdvertisementUS stocks headed for their second losing session in a row, with major indexes slumping Tuesday morning amid a rise in bond yields. The key bond yield jumped above 4.2% for the first time since July. Boeing is also due to report on Wednesday, while UPS will report results on Thursday. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:Here's what else happened today:AdvertisementIn commodities, bonds, and crypto:
Persons: Stocks, , Patrick Harker, Tesla Organizations: UPS, Boeing, Service, Treasury, Federal Reserve, Fed, Philadelphia Fed Locations: Here's
Investors are turning their attention to third-quarter earnings season, with 21% of S&P 500 companies set to report this week. Bank of America said that company executives are striking an optimistic tone on earnings calls. The decline on Monday comes as third-quarter earnings season nears its peak, with more than 100 S&P 500 companies set to report results this week, including Coca-Cola, Tesla, Boeing, and UPS. Bank of America strategist Savita Subramanian said that company executives are striking an optimistic tone on earnings calls. Analysts have been feeling bullish on the stock's prospects for further gains amid big demand for its new Blackwell chips.
Persons: , Savita Subramanian, Subramanian, Blackwell, Fedspeak Organizations: Bank of America, Service, Nasdaq, Dow Jones, Boeing, UPS, Bank of America . Bank of America, PMI, Here's
US stocks dipped as investors await third-quarter earnings from major S&P 500 companies. The slight decline on Monday follows a six-week win streak and record highs for S&P 500 and Dow Jones. AdvertisementUS stocks took a breather on Monday, with all three major indexes moving slightly lower as investors prepare for another wave of third-quarter earnings. More than 20% of S&P 500 companies are set to report results this week, including Coca-Cola, Tesla, and UPS. So far, investors should be feeling good about third-quarter earnings results.
Persons: Dow Jones, , Tom Lee, Fedspeak Organizations: Service, Dow Jones, UPS, Federal Reserve
That’s because cocoa prices have more than doubled since the start of the year and have remained at record highs, according to Wells Fargo data shared with CNN. The surging prices have caused grief for confectioners during prime chocolate sales seasons like Valentine’s Day and Easter. The company’s president, Michele Buck, said in a call in August with analysts that cocoa prices are “not sustainable,” and pointed toward higher prices. Though hope is on the horizon, experts project cocoa prices will remain high until at least September 2025. A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas.
Persons: it’s, , David Branch, Francis Kokoroko, Reuters El, Michele Buck, Hershey, Joseph , Missouri Nick Ingram, Sally Lyons Wyatt, Mars, Brandon Bell, ” Lyons Wyatt Organizations: CNN, Wells, Food Institute, Reuters, International Cocoa Organization, Hershey, Walmart, Getty, ’ Association, NCA, Locations: Wells Fargo, West Africa, Osino, Eastern Region, Ghana, St, Joseph , Missouri, Austin , Texas
The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City. Greg IacurciI paid $95 to recycle a mattress. Why mattress recycling can be expensiveShredded old mattress materials. Guillaume Souvant | Afp | Getty ImagesThe $95 fee I ultimately paid to Renewable Recycling is "pretty standard" among mattress recyclers, Conway said. For example, cotton remnants must be picked off steel mattress springs before it can be shredded or baled for sale to scrap markets, according to the Mattress Recycling Council.
Persons: Greg Iacurci, Alicia Marseille, Robert Brook, , Meg Romero, Charles, Mark Rightmire, Romero, Peter Conway, Conway, Guillaume Souvant, Charles County, " Romero, Staples, Reid Lifset, Amanda Wall, Wall Organizations: Renewable, U.S, Mattress, Arizona State University, MRC, Salvation Army, Goodwill, Freecycle, Recycling Inc, MediaNews, Orange, Getty, Spring, Afp, Yale School of, Colorado, Environmental Resources, Arizona State University Individuals, International Sleep Products Association Locations: New York City, Brooklyn, Charles County , Maryland, East Rockaway , New York, San Juan Capistrano , California, Spring Back Colorado, Commerce City, Colorado, Oceanside , New York, Charles, California, Mexico, Canada, India, Egypt, Texas, Marseille, — California, Connecticut, Rhode, Oregon, Rhode Island, New York , Massachusetts, Maryland, Virginia
In 2017, Hurricane Maria damaged three IV fluid manufacturing plants in Puerto Rico, also operated by Baxter, which led to a shortage. “Although this particular shortage on these particular IV fluids is not something we’ve encountered,” DeRienzo said. Along with IV fluids, the North Carolina Baxter facility also made specialty fluids, such as peritoneal dialysis fluid as well as irrigation fluids, used to clean wounds. Ganio said those measures won’t solve the ongoing IV fluid shortage problems long term. “The IV fluids are kind of a good example of the chronic shortages,” he said.
Persons: Helene, Erin Fox, ” Fox, Fox, , ” Michael Ganio, ” Ganio, , hasn’t, Baxter, Chris DeRienzo, Hurricane Maria, we’ve, ” DeRienzo, Ganio Organizations: Food, Baxter, FDA, University of Utah Health, American Society of Health, System, Braun, ICU, American Hospital Association, Carolina Baxter, of Health, Human Services, HHS Locations: North Carolina, U.S, Saline, Puerto Rico, Carolina, Canada, China, Ireland
US stocks were mostly higher on Friday amid a string of solid third-quarter earnings reports. Netflix and Intuitive Surgical beat Wall Street estimates, boosting their stock prices to new record highs. 82% of S&P 500 companies that have reported earnings so far have surpassed Wall Street's profit estimates. AdvertisementUS stocks traded higher on Friday, with all three major averages at or near record highs as investors digested third-quarter earnings results. Intuitive Surgical also reported solid third-quarter earnings that beat Wall Street estimates for revenues and profits.
Persons: Organizations: Netflix, Service, Wall
The Dow and the S&P 500 hit all-time highs Thursday as US stocks hit a six-week win streak. Strong third-quarter earnings from Netflix and Intuitive Surgical led to massive 10%+ stock gains. Upcoming earnings reports and economic data releases will be closely watched by investors next week. Shares of Netflix and Intuitive Surgical soared more than 10% to record highs after their third-quarter earnings bested analyst's profit and revenue estimates. Next week, on the economic data front, investors will monitor the release of September's US leading economic indicators index, data on existing home sales, and consumer sentiment.
Persons: , Dow Organizations: Dow, Netflix, Service, Nasdaq, Dow Jones, Texas, Tesla Locations: FactSet
Hurricane Milton's estimated damage to Florida's agriculture could go up to $2.5 billion. That's according to estimates from the Florida Department of Agriculture and Consumer Services. AdvertisementHurricane Milton singlehandedly wrecked as much havoc on Florida's agriculture as three other major hurricanes combined, according to new estimates from the state's agriculture department. The commodities affected by hurricane damage include animal products, citrus and non-citrus fruit farming, field crops, greenhouses, and vegetable farming, per the damage assessment. Representatives of Florida's Department of Agriculture didn't respond to a request for comment from Business Insider, sent outside business hours.
Persons: Idalia, Debby, , Milton, — Helene, Wilton Simpson, Tom Vilsack, Simpson, Hurricane Milton, Hurricane Helene, Helene Organizations: Florida Department of Agriculture, Consumer Services, Hurricanes, Service, Milton, US Department of Agriculture, Department of, Agricultural Statistics Service, National Agricultural Statistics Service, Fitch, Hurricane, Analytics, Moody's Analytics, Florida's Department, Agriculture, Business Locations: Milton, Florida, Florida's
Third Point's Daniel Loeb believes the odds are rising that former President Donald Trump will win the U.S. presidency this November over Vice President Kamala Harris and the influential hedge fund manager is increasing positions that would benefit under a Republican administration and Congress. But Loeb in his quarterly missive said he was increasing both "stock and option purchases" to bet on the Trump win scenario. Loeb is not alone on Wall Street in making those bets with JPMorgan most recently highlighting gains in bank stocks and the U.S. dollar as signs more investors see a Republican win. The fund gained 4% last quarter, according to the letter, also trailing the market. But he sees the improvement in market breadth that began in the third quarter continuing, especially under a Republican administration.
Persons: Point's Daniel Loeb, Donald Trump, Kamala Harris, ", Loeb, Harris, missive, Biden, CNBC's Scott Wapner Organizations: U.S, Republican, CNBC, Biden, NBC, Trump, JPMorgan Locations: U.S, Danish
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