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☆ Opinion | We Wanted a New Republican Party. Trump Delivered.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +55 min

Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.

Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, ”, Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, “, China, American, United States, Clinton, it’s, Nevada

(Photo by Nicolas Economou/NurPhoto via Getty Images) Nicolas Economou | Nurphoto | Getty Images'That is a huge, huge gap'There is a growing disillusionment taking hold. Men are steadily dropping out of the workforce, especially those between the ages 25 to 54, which are considered their prime working years. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. In 1995, both young men and women equally were likely to hold a bachelor's degree, at 25%. "That is a huge, huge gap," Pollak said.

Persons: Donald Trump, Kamala Harris, Nicolas Economou, Pollak, " Pollak, Brett House, —, Richard Fry, Fry, NEFE, Billy Hensley, Hensley, Ali Bustamante Organizations: Republican, Democratic, Getty, Nurphoto, Pew Research Center, Pew, Columbia Business School, CNBC, NEFE, Trump, Financial Wellness, Young, Roosevelt Institute Locations: Washington ,, U.S

☆ China offers a 'unique diversification opportunity,' says Bridgewater's co-CIO
▼ + stars: | 2024-11-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But China offers a unique diversification opportunity, said Bridgewater Associates' co-CIO. Bridgewater's China hedge fund added local stocks after Beijing's stimulus-driven rally. AdvertisementThis is largely due to lower correlations between different markets as countries turn inward, Prince told the media outlet. They are also lowering correlations across markets, Prince told SCMP. Bloomberg reported in October that Bridgewater's onshore China hedge fund was adding local stocks after a September stock rally following Beijing's aggressive stimulus.

Persons: Asia —, Bob Prince, Prince, SCMP, Ray Dalio, Donald Trump's Organizations: Bridgewater Associates, South China Morning, Reuters, Bloomberg Locations: China, Asia, North America, Europe, Bridgewater

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Kissinger was deeply respected in China and continued to meet with its leaders as an unofficial diplomat in efforts to promote warmer relations between the two countries. Just months before Kissinger died in November 2023, he met with Chinese President Xi Jinping in Beijing in July 2023. They may not reach the same impact as Kissinger, given the more complex period, he said, though they could help stabilize relations. Cook and Schwarzman also regularly visit leaders in China, where they are often highlighted by Beijing as examples of positive China-U.S. business and trade relations.

Persons: Elon Musk, Donald Trump, Anna Moneymaker, Elon, Kissinger, Scott Kennedy, Henry Kissinger, Xi Jinping, Tesla, Li Qiang, Wang Yiwei, Wang, Musk's, Musk, Joe Biden, Biden, Trump, Wang Huiyao, Tim Cook, Blackstone, Stephen Schwarzman, Cook, Schwarzman, Dewardric Organizations: Getty, White, Economics, Center for Strategic, International Studies, U.S, SpaceX, Renmin University, CNBC, Trump, Center for, Longview Global Locations: Butler , Pennsylvania, Beijing, China, Washington, imploding, U.S, Center for China, Dewardric McNeal

UFC media rights are up for renewal next year, and TKO Group Chief Operating Officer Mark Shapiro tells me he thinks Netflix could be getting in the ring. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports.

Persons: Alex Sherman, Mark Shapiro, Shapiro, They've, We've, Ted Sarandos, Sarandos, it's, Jake Paul, Mike Tyson, Netflix hasn't, we're, Tyson, Paul, It's, Vince McMahon, McMahon, He's, he's, –, We're, Dick Clark, Paul Levesque, Dana White, Stan Kasten, Adam Silver, Adam, I'm, That's, Juan Soto, Shohei, Ohtani, Kasten, Jonathan Kraft, Sportico's, Kraft, Babe Ruth, Collect, Ruth, Red Ruth, Deiveson Figueiredo, Brandon Moreno, Louis Grasse Organizations: CNBC, UFC, Netflix, WWE, Disney, MMA, National Football League, NFL, Dick Clark Productions, Golden Globe, –, Professional Bull Riders, Endeavor, PGA Tour, Comcast, Dodgers, NBA, Major League Baseball, New York Yankees, Nice, CNBC Sport, Ham Fighters, Summer, NBC, Tennis, Consumers, New England Patriots, Boise State, Louis Locations: U.S, Canada, It's, Los Angeles, Ohtani's, Hokkaido Nippon, Oregon, Gila, Glendale , AZ

☆ What we learned from 15 months talking to America’s most crucial voters
▼ + stars: | 2024-11-05 | by ( John King | ) edition.cnn.com time to read: +9 min

If the former president wins, Caparra’s “my version of this country” comment could be instructive. Economic concerns dominateIf Trump wins, voters like Joseph Knowles and Brian McMutuary will be part of his comeback math too. CNNIf Harris wins, women will be the foundation of her coalition. Many Trump voters echo their candidate in saying the only way for Harris to win is through fraud. Attorney Joan London is another Haley voter turned Harris voter.

Persons: Pennsylvania CNN — Shannon Elliott, Kristin Caparra, “ I’m, ’ ’, Elliott, “, ” Caparra, Kamala Harris, ”, Caparra, Drexel Hill, Donald Trump, ” Elliott, Joe Biden’s, Caparra’s, Diehard Trump, Nikki Haley, Trump, Harris, ” Ebersole, Joseph Knowles, Brian McMutuary, Knowles, Biden, “ We’ve, –, ” Knowles, John King, CNN McMutuary, McMutuary, Tamara Varga, Suresh Sharma, ‘, ” John King, Lakeysha Hallmon, ” Hallmon, ” Shannon Elliott, ’ ” Elliott, Michael Pesce, Haley, Angela Lang, Chris Mudd, ” Trump, “ He’s, ’ ”, Pesce, Pennsylvania Haley, Joan London, she’s Organizations: Pennsylvania CNN, Trump, Drexel Hill, Democratic Socialist Party, Swarthmore, Drexel, South Carolina Gov, Republicans, CNN, Republican, Republican Party, Biden, White, Democratic, Black, Communities, Reagan Republican, GOP Locations: Pennsylvania, Philadelphia, Swarthmore, Delaware County, Washington, Iowa, Michigan, Macomb County, Milwaukee, “, Tucson , Arizona, Georgia, Atlanta, Bucks County, New Tripoli , Pennsylvania, Cedar Falls , Iowa, London

☆ Trump offers darkness, Harris offers optimism on election eve in America
▼ + stars: | 2024-11-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —The tumultuous 2024 election is ending with a contrast that encapsulates America’s fateful choice on election eve. The vice president also proposes reforms to improve the lives of working Americans — but hers are less revolutionary than Trump’s. If she loses Pennsylvania, Harris would need a combination of other swing states, including Georgia, Nevada and Arizona, where poll averages also show no clear leader. But the findings, which suggested a shift toward Harris from the previous Iowa Poll in September, also showed the vice president with a strong advantage among women. If such a pattern is repeated nationwide, the vice president could be headed to victory if she can limit her deficit to Trump among White males especially.

Persons: Donald Trump, Kamala Harris, Harris, He’ll, Lady Gaga, Oprah Winfrey, Trump, shouldn’t, ”, “, Joe Biden’s, Roe, Wade, Biden, He’s, She’s, —, ” David Plouffe, Mediacom, “ We’ve, we’ve Organizations: CNN, Trump, ”, Michigan, White House, “, Republican, Democratic Party, Trump -, Democratic, Capitol, Justice Department, GOP, Republican Party, CNN’s, Keystone State, Pennsylvania —, Democrats, Des Moines Register, Poll, Iowa, New York Times, Siena College Locations: America, North Carolina, Pennsylvania, Michigan, Philadelphia, Detroit, battlegrounds, Michigan , Wisconsin, Georgia, North Carolina , Nevada, Arizona, ”, Washington, autocrats, Russia, China, Keystone, Nevada, Siena

☆ You will pay for Donald Trump’s across-the-board tariffs if he’s reelected. Here’s proof
▼ + stars: | 2024-11-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

How much and how fast is hard to know, but you can bet your bottom dollar you’ll be needing more dollars to pay for everyday goods if Trump’s sweeping tariffs are put in place. “If we get tariffs, we will pass those tariff costs back to the consumer,” said Philip Daniele, CEO of AutoZone, on an earnings call in September. But several studies conclude that the cost of those tariffs were borne almost entirely by American consumers and businesses. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. Even if tariffs could undo decades of globalization, it likely wouldn’t have the effect Trump is hoping for.

Persons: ”, Philip Daniele, AutoZone, Daniele, it’s, we’ve, he’s, Trump, Timothy Boyle, Boyle, we’re, It’s Organizations: New, New York CNN, US Treasury, Peterson Institute for International Economics, Columbia, Washington Post, Trump, Associated Press, AP, Trump -, Walmart, Target, aren’t Locations: New York, China, Beijing, United States

☆ Bill Clinton has hopes and fears on what comes after 2024 – for the country, the party and himself
▼ + stars: | 2024-11-03 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +19 min

Clinton speaks at a campaign rally in Durham, North Carolina, on October 17, 2024. His wife was the one whose loss put Trump in the White House, in a way that burns him still. Then again, Clinton said, he was “gobsmacked” that companies that said they’d pay to help with the transition never did. Clinton speaks during morning service at a church in Albany, Georgia, on October 13, 2024. Tim Walz appears with Clinton at the campaign rally in Durham, North Carolina, on October 17, 2024.

Persons: Bill Clinton, Kamala Harris, Joe Biden, Clinton, Harris, he’d, Donald Trump, John Deere, Biden, – Clinton, ” Clinton, Steve Helber, he’s, Trump, Tim Walz, JD Vance, Barack Obama – Clinton, “, Dwight Eisenhower, Eisenhower, ‘, Walz, Obama, CNN Clinton, megadonors, Norman Rockwell, Chokwe Pitchford, Clinton’s, Julia Beverly, –, America hadn’t, hadn’t, ”, “ We’re, he’s heartened, Logan Cyrus, you’re, “ It’s, George W, Bush, I’ve, nativism, Colin Allred, Republican Sen, Ted Cruz, ” Bush, Allred, ” Clnton, Ehud Barak, Yasser Arafat, Camp, Ralph Alswang, couldn’t, Yasser Arafat didn’t, audibly, I’m, isn’t, it’ll, Long, He’s, Jimmy Carter, it’s Harris, ’ ”, Hillary, We’re, you’ve, ’ Organizations: West Coast CNN, Democratic, Republican, CNN, America, Trump, Clinton . Technology, World Trade Organization, Getty, Trade, Republicans, Democrat, Senate, White House, Israeli, Camp David, Minnesota Gov, Convention Locations: Michigan, Arkansas, Europe, America, Durham , North Carolina, Muskegon Heights , Michigan, tailspins, South Haven , Michigan, Berrien County, Benton Harbor, Arizona, Georgia, Missouri, Kentucky, Louisiana, Virginia, China, Fort Valley , Georgia, Mexico, Albany , Georgia, AFP, Texas, Cruz, Maryland, Chicago, Battle Creek

☆ ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
▼ + stars: | 2024-11-01 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

The Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. Though U.S.-China tensions have been deteriorating in recent years, ASEAN has adapted and continued to integrate with the global economy, the IMF said in its latest Asia-Pacific Outlook report, released Friday. "Despite geopolitical tensions, ASEAN has continued to strengthen trade and investment links with both China and the U.S.," the report said. "[T]he region has even been able to take advantage of trade diversion opportunities caused by US-China trade tensions," the report added. Overall, the IMF says these trends have contributed to the ASEAN region increasing its share of inward foreign direct investment, world exports and global value added.

Persons: Donald Trump, Biden Organizations: The Association of Southeast Asian Nations, International Monetary Fund, U.S, ASEAN, IMF, Former U.S, China - Locations: Jakarta, Indonesia, China, United States, Asia, U.S, Beijing, China - U.S, Vietnam, Thailand, Philippines, Singapore, Pacific

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

☆ US approval of Nevada lithium mine "extremely significant", says strategist
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUS approval of Nevada lithium mine "extremely significant", says strategistMichele Schneider of Marketgauge.com says the Biden administration's approval of a new U.S. lithium mine will lessen American dependence on overseas sources of lithium, but she cautions about the fallout from potential de-globalization.

Persons: Michele Schneider, Marketgauge.com, Biden Locations: Nevada, U.S

☆ Can Donald Trump or Kamala Harris Bring Back Manufacturing Jobs?
▼ + stars: | 2024-10-23 | by ( German Lopez | ) www.nytimes.com time to read: +6 min

The number of manufacturing jobs has fallen 45 percent since the late 1990s, as factories have shuttered or moved to Mexico, China and elsewhere. Canton represents the kind of struggling manufacturing town that once churned out American products. They argue that the candidates’ proposals aren’t enough to reverse the trends — globalization, free trade agreements, automation and other technological changes — that caused manufacturing jobs to leave America in the first place. That helps explain why, despite Mr. Biden’s subsidies, the number of manufacturing jobs nationwide remains 34 percent lower than it was in the late 1970s. Modern manufacturing jobs also often require a postsecondary education.

Persons: Hoover, Donald J, Trump, Kamala Harris, Trump’s, ”, Alec Stapp, Kimberly Kenney, McKinley, ’ Organizations: Industries, Canton, Canton Board of Trade, Institute for Progress, Federal, Companies, McKinley Presidential Library and Museum, Local Locations: Canton , Ohio, Canton, Mexico, China, United States, American, Phoenix, Silicon Valley, Boston, fracking, City

☆ Here's what Wall Street money managers are doing to prepare their portfolios for their 3 biggest election concerns
▼ + stars: | 2024-10-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

As election day draws near, 400 Wall Street money managers identified their top concerns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Policy initiatives could have a significant impact on the economy, especially on issues concerning inflation, the housing market, employment, and international trade. Investors can benefit from both parties: Republicans would likely pass investor-friendly tax and energy policy, while Democrats would pass more favorable US-China and trade policy. AdvertisementHere's what Wall Street is worried about this election cycle and how top money managers are preparing their portfolios for November.

Persons: —, Kamala Harris, Donald Trump, PGIM, Wall, Kara Murphy, –, isn't, Murphy, Trump, Harris, we've Organizations: Service, Republican, White House, Congress, Investors, Kestra Investment Management, Social Security, Biden, Research, Senate, Democrat Locations: China, Latin America, Southeast Asia, deglobalization

☆ IMF chief warns 'not yet time to celebrate' as low growth and high debt weigh on global economy
▼ + stars: | 2024-10-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. "When we look into the challenges ahead of us, the biggest one is low growth, high debt. "It is successful major economies that have done really well … and there are pockets in the world where inflation is still a problem," she said. Georgieva warned that international trade would no longer be the "engine of growth" it once was, highlighting the proliferation of restrictive policies among many economies. Earlier on Thursday, Georgieva also pointed to wider geopolitical tensions as one of the key risks to global financial stability.

Persons: Kristalina Georgieva, Karen Tso, Georgieva, Ukraine — Organizations: International Monetary Fund, IMF, CNBC, Washington DC, World Bank Group, European Union, Ukraine Locations: Washington, U.S, China, United States

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

☆ Collapse risks loom as markets are the most fragile they've been in 20 years, 'Black Swan' author Nassim Taleb says
▼ + stars: | 2024-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years. He pointed to risks like high debt levels and "crazy" stock prices in an interview with Bloomberg. Nassim Taleb, author of "The Black Swan," the famed treatise on the risks related to improbable events, aired concerns over the state of the market in a recent interview with Bloomberg. Universa Investments is technically "market blind," Taleb said, as the firm employs an investment strategy that disregards short-term market forecasts.

Persons: Swan, Nassim Taleb, he's, —, Taleb, Mark Spitznagel Organizations: Bloomberg, Service, Universa

☆ Sovereign AI explained: An AI cloud CEO unpacks what's behind the trend
▼ + stars: | 2024-10-07 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

The company started buying Nvidia GPUs in 2021, getting to the AI cloud computing business earlier than most. CEO J.J. Kardwell describes the company as the largest privately-held cloud computing platform in the world. It also makes the Vultr boss well-positioned to explain a phrase frequently on the lips of AI luminaries like Nvidia CEO Jensen Huang: sovereign AI. Sovereign cloud is the delivery of cloud infrastructure as a service, typically inside a country. BI: AI computing is extremely energy intensive, and concerns about the US grid abound.

Persons: —, it's, J.J, Kardwell, Jensen Huang, we'll Organizations: Vultr, Service, Nvidia, Singtel, Department of Defense Locations: Singapore, Malaysia

☆ The hidden value of a college degree: Graduates are much more likely to have friends
▼ + stars: | 2024-10-06 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

AdvertisementIn recent years, many young people have questioned whether the benefits of a college degree are worth the cost of tuition. According to a new survey, college graduates appear to have a clear edge in one area: their social lives. However, the widespread decline in socialization in recent decades has been steeper for people without a college degree. AdvertisementAdditionally, people without a college degree may also be more likely to work multiple jobs, or have roles with unpredictable hours, Pressler said. Going to college can be a "supercharger of relationships"Of course, some of the social benefits of a college degree date back to the connections fostered on campuses.

Persons: —, American Enterprise Institute —, Vivek Murthy, Sam Pressler, Pressler, they'd Organizations: Service, Survey Center, American Enterprise Institute, Survey, University, Virginia's, of Democracy, YMCA

"The trend was inevitable," said Teresa Ghilarducci, professor of economics at The New School for Social Research in New York. "The lack of affordable childcare may be playing a role," according to Richard Fry, a senior researcher at Pew. "The childcare crisis, which was simmering prior to the pandemic, has come to a boil," according to a KPMG analysis. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. "When you don't get rewarded for working, you work less," Fry said.

Persons: Teresa Ghilarducci, Richard Fry, —, Pew's Fry, Fry Organizations: Federal Reserve, The New School for Social Research, Pew Research Center, Pew, KPMG Locations: New York

☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesThis 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. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ CNBC Daily Open: Buffeted by Middle East, propelled by China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ Rates won't fall back to pre-pandemic levels as geopolitical conflict and supply chain issues create problems for world economies, BofA exec says
▼ + stars: | 2024-10-02 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

That's led the market to assume rates will fall to pre-pandemic lows, BofA's Bernard Mensah says. Yet, inflationary risks will likely keep rates elevated, Mensah says. Before the pandemic, in the decade following the Great Financial Crisis, interest rates remained at historical lows. Despite the Fed's apparent confidence that pricing pressures have eased, Mensah says a variety of inflationary risks will keep interest rates higher. Other analysts have also pointed to inflation risks from geopolitical conflicts.

Persons: That's, BofA's Bernard Mensah, Mensah, —, Bank of America's Bernard Mensah, Rowe Price, Tomasz Wieladek Organizations: Fed, Service, Federal Reserve, Bank of America's, Bloomberg Locations: US, China, England, Switzerland, Sweden, Canada, Mexico

☆ ‘No challenges can stop China’s progress,’ Xi Jinping says in 75th anniversary speech
▼ + stars: | 2024-10-01 | by ( Evelyn Cheng | Evelyn Cheng Is A Senior Correspondent With Cnbc. | ) www.nbcnews.com time to read: +3 min

BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing’s reunification aims with Taiwan. “The path ahead will definitely see challenges,” Xi said, before calling on the country to overcome uncertainties and risks. “No challenges can stop China’s progress.”The comments were translated by CNBC from a Chinese state media broadcast. Xi did not mention specific countries or trade conflicts in his Monday speech, instead portraying China as upholding globalization. In a 2019 speech commemorating the PRC’s 70th anniversary, Xi had said that no force could sway China’s development, amid festivities involving a military parade and large-scale celebrations.

Persons: Xi Jinping, ” Xi, Xi, Beijing’s, “, ” Organizations: CNBC, Communist Party’s, Macao —, People’s Bank of, Ministry of Finance Locations: BEIJING, Taiwan, People’s Republic of China, Beijing, China, U.S, Europe, Greater China, Hong Kong, Macao, People’s Bank of China

☆ The politics of tariffs are complicated. A Democrat just introduced a bill to make Trump's proposals law.
▼ + stars: | 2024-09-27 | 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: +5 min

What’s more surprising, however, is that one House Democratic just introduced a bill to codify Trump’s 10% across-the-board tariffs, revealing how the long-dormant trade policy splits both parties. But they largely fell out of favor during the late 20th century as the U.S. led a global free trade revolution. Despite Harris and other attacks on Trump's tariffs, the Biden-Harris administration decided to keep some of the tariffs Trump imposed during his first term on Chinese steel and aluminum and even increase the fees on strategic sectors like electric vehicles and semiconductors. Still, Biden and Harris have consistently criticized across-the-board tariffs as “indiscriminate” instruments that risk “undermining our alliances,” arguing targeted sanctions do not carry the inflationary risks of wider spread one. Most say the data is clear that freer trade leads to greater economic growth and they say Trump's across-the-board tariffs would raise inflation and could cost jobs.

Persons: Donald Trump, Kamala Harris, ” Trump, Jared Golden, Trump, ”, “, ” Harris, He’s, Sen, Rand Paul, Harris, Still, Biden, Golden, ” Golden Organizations: GOP, Democratic, MSNBC, Trump, Biden Locations: LINCOLNVILLE, Maine, Athens, U.S, American, Ky, Golden's

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