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Republican senators who met Monday with Pete Hegseth, President-elect Donald Trump’s pick for defense secretary, brushed aside sexual assault and other allegations against him. Sen. Cynthia Lummis, R-Wyo., called the allegations a “side issue” while lauding Hegseth’s ability to lead the Defense Department. Hegseth did not respond to shouted questions from NBC News about the New Yorker article and other allegations. Senators offered their full-throated support to Hegseth after the meeting, downplaying the accusations. The Trump transition team did not immediately respond to a request for comment on the Republican senators' remarks.
Persons: Pete Hegseth, Donald Trump’s, Sen, Cynthia Lummis, ” Lummis, Mike Lee, Hegseth, , , Pete, he’s, Rick Scott, Lee, Ted Cruz, Cruz, Lummis, ” Hegseth, Shawn Ryan Organizations: Defense Department, Republican, Committee, Hegseth, Capitol, Army National Guard, Fox News, Yorker, NBC News, Trump, NBC, Pentagon, FBI, New York Times, Times Locations: Utah, Texas, California
WASHINGTON — The Senate voted Monday to approve the promotion of a general who oversaw troops during the U.S. withdrawal from Kabul, Afghanistan, after it had been blocked by a Republican senator aligned with President-elect Donald Trump. The Senate voted by unanimous consent, meaning all 100 senators agreed, to approve Army Lt. Gen. Christopher Donahue's promotion to four-star general to oversee U.S. Army forces in Europe. Sen Markwayne Mullin, R-Okla., had blocked Donahue’s promotion, NBC News reported last month, citing a Senate aide. Donahue, who was commander of the 82nd Airborne Division during the Kabul withdrawal in 2021, was the subject of a viral photograph as the last soldier to board a U.S. military plane out of Afghanistan. An inspector general's report in 2022 found that decisions by both Biden and Trump contributed to the troubled exit from Afghanistan.
Persons: WASHINGTON, Donald Trump, Christopher Donahue's, Sen Markwayne Mullin, Mullin, Trump, Mullin's, Donahue, Joe Biden's Organizations: Republican, The, U.S, Army, NBC News, 82nd Airborne Division, Republicans, Congress, Islamic, Biden Locations: Kabul, Afghanistan, Europe, U.S
And it was about the question of whether Bernieism was a way forward for the Democratic Party. Rahm Emanuel is America’s ambassador to Japan. Archived clip of Rahm Emanuel: You never want a serious crisis to go to waste. Archived clip of Rahm Emanuel: From every corner of the country, the American people have sent a resounding and unmistakable message of change and new direction for America. Archived clip of Rahm Emanuel: There’s an old saying that if you want to make an omelet, you have to break a few eggs.
Persons: Faz Shakir, Bernie Sanders’s, Bernieism, Rahm Emanuel, Emanuel, Barack Obama’s, Obama’s, Obama, Dodd, Frank, Barack Obama, it’s, George W, Bush’s, Katie Couric, Bill Clinton’s, There’s, Clinton, David Axelrod, Steve Israel, Bill Clinton Organizations: Democratic Party, Affordable, Democratic Congressional, America, Democratic, Democratic National Committee, House Democrat Locations: Japan, Chicago
Intel's CEO is stepping down as the stalwart American chipmaker has struggled to keep pace with the artificial intelligence revolution. The company announced Pat Gelsinger, who'd led the company since 2021 and logged more than 30 years in various positions with the chipmaker, had retired from the company effective Dec. 1. Intel shares have declined 61% since Gelsinger took over. This is a developing story. Please check back for updates.
Persons: American chipmaker, Pat Gelsinger, who'd, Frank Yeary, Gelsinger Organizations: American, Intel
Which is why it's a great time to take advantage of the best Cyber Monday deals on women's winter coats. If you're in the market for a stylish and cozy winter coat, you'll want to act fast. We're rounding up the best deals from across the internet in our guide to the best Cyber Monday deals, so be sure to keep an eye there for the latest deals. View at Saks Fifth AvenueCyber Monday winter coat FAQsIs Cyber Monday a good time to buy winter coats? Check out our roundup of all of the best Cyber Monday deals .
Persons: Frank, Wheeler Parka, Read, Halfdays Wheeler Parka, Wheeler, Oak, Barbour, Woolrich GORE, TEX Marshall Parka, GORE, pare Organizations: Business, parka, Columbia, Columbia Outdoor Research, Parka, Saks Fifth Locations: Frank, Columbia, Patagonia, Cashmere
AdvertisementIntel's CEO Pat Gelsinger stepped down on December 1, the company said Monday. Intel's CEO Pat Gelsinger has stepped down, the company said in a statement Monday as the US-based chipmaker struggles to keep up in the global chip war. Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board. Frank Yeary, Intel's chairman, thanked Gelsinger and said the company needed to restore investor confidence. In 2012, he became CEO of cloud-computing firm VMWare, before returning to Intel as CEO in 2021.
Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Frank Yeary, Gelsinger, Yeary Organizations: Intel, Nvidia, EMC, Dell, VMWare
AdvertisementIntel CEO Pat Gelsinger is out of the top spot after a challenging 4-year tenure. On Monday morning, Intel employees joined an all-hands meeting after receiving an email invite at 5 a.m. PT. Being CEO of Intel was Pat Gelsinger's dream since he joined the company as a teenager in 1979. But no one at the top has the technical expertise of Gelsinger, which Intel employees pointed out in their questions. No one has been a closer witness to this roller coaster than Intel employees, who have seen multiple waves of layoffs and buyouts.
Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, unravels ChatGPT, isn't, Pat Gelsinger's, Alvin Nguyen, Forrester, Gelsinger, Zisner, Holthaus, Intel's, Edward Jones, Said, Frank Yeary, Bernstein, Vivek Arya, Daniel Newman, Logan Purk, Pat, Emma, ecosgrove Organizations: Intel, Bloomberg, Department of Commerce, Nvidia, Gaudi, Bank of America
Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year leadership tenure at what was once America's leading semiconductor company but which saw its stock price and market share collapse under his tenure. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Gelsinger returned to the company from VMware, where he was CEO, to stabilize Intel in 2021, replacing then-CEO Bob Swan. Gelsinger set out an audacious plan when he arrived in 2021 to transform the languishing company into a chipmaking juggernaut. Intel revealed plans in September to turn the company's foundry business into an independent subsidiary, a move that would enable outside funding options.
Persons: Pat Gelsinger, David Zinsner, MJ Holthaus, Frank Yeary, Gelsinger, Bob Swan, — CNBC's Jordan Novet Organizations: Intel, EMC, VMware, Samsung, Taiwan Semiconductor Manufacturing Company, Nvidia, CNBC, Qualcomm Locations: U.S
AdvertisementIntel's longtime CEO Pat Gelsinger is stepping down, the company said in a statement Monday. Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board. AdvertisementTwo senior Intel executives, David Zinsner and Michelle Johnston Holthaus, will take interim charge during the search for a new CEO. Frank Yeary, Intel's chairman, thanked Gelsinger but said the company needed to restore investor confidence. AdvertisementIntel stock has almost halved this year, but rose 6% in premarket trading on Monday.
Persons: Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Frank Yeary, Yeary Organizations: Intel
Property companies say the quality of the skiing is not the only criteria for some Alpine buyers. Instead of winter sports, wellness is taking priority for many seeking an Alpine chalet. AdvertisementYet, for some wealthy chalet buyers in upmarket towns such as Gstaad and Courchevel, it seems skiing is no longer the only draw. Pristine slopes are not the only draw for Alpine chalet buyers. Rollason added that if the uber-wealthy are buying a chalet, "then it's not just a chalet — it's an all-encompassing leisure object."
Persons: Knight Frank, Kurti, Kate Everett, Allen, Jeremy Rollason, sanatoriums, Rollason Organizations: Bain & Company, Alpine, Swiss Locations: Savills
AdvertisementA mother uses holiday traditions to connect her children with their family history. Family gatherings, food, and music help bridge the gap between past and present. Here are other ways I help keep holiday traditions and the spirit of the past alive each year. Related storiesCurating a home full of historyI decorate our home with many holiday items my grandmother passed down to me. Sharing these traditions allows me to give my kids a glimpse of my past.
Persons: heirlooms, I've, Esther, Mitch Miller, Grams, Nicole Johnson, Elvis, Frank Sinatra, Burl Ives, Bing Crosby, Johnny Mathis Organizations: US, Gram Locations: Santa
The "Wicked" movie is a revelation — and it's full of references to "The Wizard of Oz" and the original "Wicked" Broadway show that came before it. The film has plenty of easter eggs for fans of the "Wicked" Broadway musical (you'll hear some familiar act two musical cues) and those with only a surface-level understanding of Oz. AdvertisementThe title card is a reference to 'The Wizard of Oz'The title card for "The Wizard of Oz." There are two others you may have missed, however: writer Winnie Holzman and composer Stephen Schwartz, who wrote the Broadway musical. AdvertisementThere's a lyric change in 'Defying Gravity'In the Broadway musical, the chorus sings, "Look at her, she's wicked — get her!"
Persons: Cynthia Erivo, Ariana Grande, Oz, Jon M, Chu, Winnie Holzman, Stephen Schwartz, Gregory Maguire's, Glinda, Idina Menzel, Kristen Chenoweth, they're, We've, There's, Dorothy, Frank Baum's, Dorothy's, Jonathan Bailey, Bailey, Jack, Seth Meyers, Elphaba, Elphaba isn't, Fiyero, Kristen Chenoweth aren't, Menzel, Chenoweth's, Schwartz, Stephen, Giles Keyte, Wise, Oscar Diggs, Organizations: Broadway, MGM, Pictures, Entertainment, Universal Pictures Locations: Emerald City, Omaha, Nebraska, Omaha , Nebraska
Learn moreBlack Friday is almost here, and if you're in the market for a new winter coat this season, now's definitely the time to shop. The best Black Friday women's winter coat dealsHalfdays Wheeler Parka $277.00 $395.00 Save 30% This winter parka is as technical as it is stylish. View at HalfdaysFrank and Oak The Hygge Puffer Coat $268.99 $449.00 Save 40% Wrap yourself in warmth with this sustainably made coat. View at Saks Fifth AvenueBlack Friday winter coat FAQsIs Black Friday a good time to buy winter coats? Warmth is usually noted by "fill" power; for a seriously warm coat, look for 650-800 fill power down.
Persons: now's, Frank, Wheeler Parka, Halfdays Wheeler Parka, Wheeler, Oak, Barbour, Woolrich GORE, TEX Marshall Parka, GORE, pare Organizations: Business, Saks, parka, Columbia, Columbia Outdoor Research, Parka, Saks Fifth Locations: Frank, Columbia, Patagonia, Cashmere
What are the odds that the Roundhill Magnificent Seven ETF (MAGS) ETF can reclaim its leadership status? This is important, given that MAGS has proven it can take advantage of short-term bullish trade set ups recently. Below are daily relative charts vs. MAGS for each component. First, the leaders: TSLA's recent spike prompted a parabolic move vs. MAGS, too. AAPL, MSFT, META and GOOGL have been clear underperformers vs. MAGS for months now.
Persons: haven't, MAGS, that's, TSLA, NVDA teetering Organizations: CNBC, NBC UNIVERSAL
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Trump has 'bite in addition to his bark' on tariffs: Analyst
  + stars: | 2024-11-27 | 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 EmailTrump has 'bite in addition to his bark' on tariffs: Hoover InstitutionFrank Lavin, visiting fellow at the Hoover Institution, discusses U.S. President-elect Donald Trump's tariff threats and how likely they are to come to fruition.
Persons: Trump, Frank Lavin, Donald Trump's Organizations: Hoover, Hoover Institution
AdvertisementElon Musk says he wants to eliminate the Consumer Financial Protection Bureau. The CFPB was created after the 2008 crisis to protect consumers from financial abuses. "Delete CFPB," Musk wrote on X early Wednesday of the Consumer Financial Protection Bureau. The agency investigates consumer complaints related to credit cards, loans, bank accounts, and debt collection and enforces consumer protection laws. Earlier this year, the CFPB also limited credit card late fees to $8 a month, compared to the average $32 fee charged by issuers in 2022.
Persons: Elon Musk, Musk, Vivek Ramaswamy, Dodd, Frank, Democratic Sen, Elizabeth Warren, Barack Obama, Warren, Wells Fargo, who've, , Clarence Thomas Organizations: Financial, Bureau, Elon, Consumer Financial, Trump, Government, Trump Administration, Congress, Democratic, Harvard Law School, Personnel Management, Bank of America, of America, Apple, Google, Federal Locations: Wells Fargo, Wells
“Are we supposed to hold space for Trump supporters now?” co-host Joy Behar joked. Within the last week, search interest for "holding space" was beating out the newly declared word of the year "demure," according to Google Trends. “It’s campy the way it all happened and it’s authentic.”Neither Grande nor Erivo has commented on the viral interview publicly. However, Grande sent Out a laughing emoji in response to an Instagram story the magazine posted about the viral interview, Gilchrist said. In the finale of part one, fans find out whether Elphaba decides to "hold space" for her values.
Persons: Ariana Grande, Cynthia Erivo, Tracy E, Gilchrist, Erivo, Grande, nodded, Chris Murphy, Carrie Bradshaw, Bradshaw, , Joy Behar, Gilbert Flores, ” Gilchrist, Ariana, Gregory Maguire, Frank Baum's, Oz Organizations: Broadway, Fair, Merriam, Empire, New York City Gay, ABC, Trump, Google, Variety, Universal Pictures, Comcast, NBC News Locations: Instagram, Webster, New York
In today’s edition, two of our Capitol Hill experts, Sahil Kapur and Frank Thorp V, break down the key senators to watch in the confirmation battles over Donald Trump's Cabinet. Plus, national political correspondent Steve Kornacki takes a break from election data to dive into the polling around what Americans plan to serve at Thanksgiving this year. Programming note: From the Politics Desk is taking a holiday break the rest of the week. Trump’s Cabinet picks present an opening for Collins to further demonstrate her independent streak if she chooses to vote against some of Trump’s more controversial picks. The Cabinet nominees could be an opportunity for him to flex his muscle and use his vote to shape Trump’s agenda.
Persons: Sahil Kapur, Frank Thorp V, Donald Trump's, Steve Kornacki, We’ll, Frank Thorp, Donald Trump, JD Vance, Sen, Susan Collins, Trump, Trump’s, Collins, Lisa Murkowski, Matt Gaetz, Wade, Mitch McConnell, McConnell, Thom Tillis, Tillis, John Fetterman, Fetterman, , that’s, John Thune, Bill Cassidy, John Curtis, Jon Ossoff, Frank →, , ina, guration in, e, roa, uli Organizations: NBC, White House, Capitol, Trump’s, Trump’s Cabinet, Cabinet, Republican, GOP Locations: Maine, Alaska, Roe, Israel, Gaza, Utah, Sahil, Turkey
Here are nine key senators to watch in the nomination battles. The incoming majority leader is nobody’s idea of an ultra-MAGA Republican, but he understands his assignment: advance the Trump agenda. Does he choose to be a heat shield for members who quietly want to buck Trump without doing so publicly? The answers will set the tone for a long-awaited new era facing the Senate GOP. Sen. Mitch McConnell, R-Ky.McConnell is the ultimate free agent as he relinquishes the job of Senate Republican leader after a record 18 years.
Persons: Donald Trump, Matt Gaetz, JD Vance, Sen, Susan Collins, Trump, Collins, Lisa Murkowski, Murkowski, Trump’s, That’s Lisa Murkowski’s, Wade, John Thune, Mitch McConnell, Ky, McConnell, Will McConnell, MAGA, He's, Gaetz, Tulsi Gabbard, Thom Tillis, Tillis, won’t, Bill Cassidy, Cassidy, Robert F, Kennedy Jr, , John Curtis, Mitt Romney, Curtis, Utah GOP Sen, Mike Lee, He’s, , Carlos Curbelo, “ I’m, ” Curtis, Will Curtis, Romney, John Fetterman, Fetterman, , that’s, Mehmet Oz, “ He’s, they’re, I’m, ” Sen, Jon Ossoff, He’ll Organizations: WASHINGTON, Republican, Republicans, Trump, Democratic, Collins, MAGA Republican, GOP, AG, NATO, Health, Education, Labor, Pensions, Human Services, Utah GOP, NBC News, Capitol, NBC Locations: Maine, Alaska, Roe, Russia, Trump's, North Carolina, Utah, R, Florida, Trump, Israel, Gaza, Georgia
“He left South Africa and resettled in the United States in 1966,” it ends, before listing his survivors. The image, taken by South African photographer Ernest Cole, is one of thousands taken during his time in exile in the United States. Not looking for an impression but authenticity, he cast the American actor over a South African. Courtesy Magnolia PicturesIn the film, Cole despairs, “exile is destroying us one by one.”“You leave your country heartbroken,” the director said. Inside were around 60,000 Cole negatives, spanning South Africa and the US, plus his notes and contact sheets.
Persons: Ernest Cole, Cole, Nelson Mandela, Cole’s, , , Muhammad, Raoul Peck, LaKeith Stanfield, “ Ernest Cole, Peck, James Baldwin, Patrice Lumumba, , Stanfield, it’s, Magnolia Pictures Cole, Jim Crow, ” Peck bristled, It’s, ” –, Hébert B, Peck – “, Cole despairs, I’ve, Leslie Matlaisane, Ernest Cole Family, SEB, Organizations: CNN, New York Times, , Islam, Cannes Film, Aperture, Democratic, Magnolia, Magnolia Pictures, Ford Foundation, Liberal, ANC, African National Congress, SWAPO, Ernest Cole Family Trust Locations: Manhattan , New York, South Africa, South, United States, New York City, African, Haitian, American, Democratic Republic of Congo, DRC, Pretoria, New York, Harlem, Black America, Haiti, France, Berlin, Brazil, Nicaragua, , York City, , Africa, Sweden, America, Swedish,
The October personal consumption expenditures price index report has many investors wondering how it may impact the postelection market rally. "It definitely threatens the dynamic of the market broadening because it jeopardizes the speed at which the Fed drops interest rates," Lee told CNBC. "Right now, the markets are pricing out interest rates one by one. Bill Baruch, president of Blue Line Futures, sees opportunities in the currency and bond markets if core PCE rate reaches 3%. "This PCE report and the expectation for a December cut are going to create quite a bit of volatility in fixed income," Ethridge told CNBC.
Persons: Dow Jones, William Lee, Lee, Jimmy Lee, Victoria Greene, Greene, Bill Baruch, Baruch, Malcolm Ethridge, Ethridge, Goldman Sachs, Russell Organizations: Core PCE, Milken Institute, CNBC, Traders, Wealth Consulting, Nvidia, Meta, Microsoft, Wealth, Blue, Capital Area Planning, U.S . Bancorp Locations: financials
"We think tariffs across the board are a lose-lose game. Tariffs are worrisome when it comes to global trade and worrisome in terms of inflation," said Katz. Small caps hit an all-time high The Russell 2000 hit an all time high on Monday. "Take your 80/20 portfolio your risk adjusted portfolio you are seeing about a 7%-8% allocation to small caps, maybe 11%-12% to midcaps," Boneparth said. Now, you are getting a lift from small caps and mid caps as well."
Persons: Amgen David Katz, Katz, Rupesh, Donald Trump, Small, Russell, Doug Boneparth, Boneparth Organizations: PRO, Worldwide, Matrix, Oppenheimer, Walmart, Costco Locations: China, Mexico, Canada, U.S, megacap
Senate Republicans derailed President-elect Donald Trump’s first jaw-dropping pick for attorney general, Matt Gaetz. But it’s unclear if they will be able to block any other controversial nominees despite skepticism from some rank-and-file Republicans. In the weeks since Trump’s dramatic election victory, the power struggle between the president-elect and independent-minded Senate Republicans has been playing out in plain view. Senators are getting a brief reprieve from questions about Trump’s nominees as they celebrate Thanksgiving. Some Senate Republicans who leveled some of the strongest criticism at Gaetz said they could live with Hegseth, despite the 2017 assault allegations.
Persons: Donald Trump’s, Matt Gaetz, MAGA, Tulsi Gabbard, Pete Hegseth, Robert F, Kennedy Jr, Hegseth, , Sen, Kevin Cramer, Joni Ernst, Kirsten Gillibrand, ” Cramer, “ I’m, Gaetz, Cramer, Gaetz's, Kevin McCarthy, , JD Vance, Pam Bondi, Bondi, Trump, … ” Sen, Markwayne Mullin, Pete, Gabbard, Kennedy, Lisa Murkowski, ​ ​ Sen, Ron Johnson, ” Gabbard, Bashar al, Assad, , ” Sen, Tammy Duckworth, Eric Schmitt, Steven Cheung, Bill Hagerty, Adam Schiff, he’s Organizations: Republicans, GOP, Trump, Senators, Armed Services Committee, Sens, Justice Department, Union, Centers for Disease Control, Food and Drug Administration, National Institutes of Health, RFK, Health, Fox News, Democratic, Armed Services, CNN, Press, , Locations: Iowa, Florida, “ State, Alaska, Russia, Russian, Iraq, Japan
The Wrap-Up for Monday November 25
  + stars: | 2024-11-25 | by ( Frank Holland | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Wrap-Up for Monday November 25The top headlines that could drive today's trading.
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