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It was 2019, and the second Democratic presidential primary debate was unfolding in Detroit when then-Rep. Tulsi Gabbard of Hawaii went for the jugular. Still, it turned into a major moment for Gabbard — even though Harris forcefully responded — and it was a standout episode in her short-lived 2020 presidential campaign. It’s coming into view again now in the run-up to Tuesday’s second presidential debate after Donald Trump tapped Gabbard to assist him in his debate preparations. “Tulsi Gabbard whipped Kamala Harris’ butt on the debate stage,” Trump spokeswoman Karoline Leavitt said. Raising that prospect in the first place at the time rankled the Biden campaign.
Persons: Tulsi Gabbard, Joe Biden, Kamala Harris, ” Gabbard, Harris, Sen, she’s, I’m, Gabbard, Donald Trump, Trump, She’s, , Kamala, , Mark Longabough, Bernie Sanders, Sanders, Longabough, Harris wasn’t, ” Longabough, “ Harris, Kamala Harris ’, ” Trump, Karoline Leavitt, “ She’s, ” Harris, Biden, Barack Obama’s, Steve Bannon, ’ ”, Hillary Clinton, , ” “ I’m, they’ve, ” Clinton, Beau Organizations: Democratic, Democratic Party, Republican, Trump, Mar, Fox News, Biden, Convention, Clinton, America, National Guard Locations: Detroit, Hawaii, California, Florida, Gabbard, Philadelphia, Iraq, Saudi
Nearly everyone falls victim to "self-handicapping bias," or the psychological tendency to under-prepare or undersell yourself during new opportunities, says workplace performance coach Henna Pryor. "When we self-handicap, we essentially protect ourselves from the consequences of our own failure," Pryor tells CNBC Make It. Self-handicapping can can look like putting off prep for a big meeting or starting a presentation with "I'm bad at public speaking." Even high-performing employees self-handicap, Pryor says, and it's often driven by a fear of failure. Luckily, there are ways to stop self-handicapping, Pryor says.
Persons: Pryor, It's Organizations: CNBC
Last Thursday, 87% of S & P 500 stocks outperformed the index itself, which Goldman Sachs called "the most in the history of our data set." Its total gain of 57%, measured by the S & P 500, is almost exactly half the post-1929 average too. For good measure, this year the S & P 500 has posted the best-ever start to a presidential election year. Arguably something close to it is already priced in to a considerable degree, with the S & P 500 pushing 22-times forward earnings again. The elevated sentiment backdrop is par for the course for a bull market, but sometimes associated with pauses or pullbacks.
Persons: Goldman Sachs, Russell, it's, It's Organizations: Strategas, New York Stock Exchange, CPI, Federal, Big Tech, Nasdaq, Fidelity Investments, Federal Reserve, Treasury Locations: superlatives, Bull
Financial markets are slowly starting to absorb the possibility that what was once a toss-up presidential election campaign has taken a notable turn. That has put investors in a quandary of how to handicap what a Trump presidency would look like from an economic and market standpoint. .SPX mountain 2024-06-28 S & P 500 performance since the debate However, the bond market has had a bit more of a reaction. The first Trump presidency and some of his campaign rhetoric nevertheless has led to guesswork about what could be ahead. "This particularly favors financials and there will be an expectation of more M & A approval in a Trump presidency.
Persons: Joe Biden, Donald Trump, specter, Biden, Trump, Mark Malek, Siebert AdvisorNXT, Handicapping, Michael Hartnett, Hartnett, Ed Mills, Raymond James, Kamala Harris, Harris, Chris Krueger, TD Cowen, Krueger, ABC's George Stephanopoulos, , Sarah Min Organizations: Republican, Trump, Treasury, Bank of, White, Reading, New York Times, Biden, Democrat Locations: Washington
A 15% year-to-date total return in the S & P 500 is the 21 st best run through June since 1900, according to Goldman Sachs. The S & P 500 since the October 2023 correction low is up 33% for an annualized total return pace of 56%. The S & P has gone eight sessions without a move of as much as half a percent. True in magnitude: The market-cap-weighted S & P 500 has outgained its equal-weighted version by more than ten percentage points this year. Not only haven't up days been broadly inclusive, the direction of the S & P 500 has been running inverse to the daily breadth over the past month.
Persons: Goldman Sachs, Sharpe, it's, we'd, I've, What's, Jeff deGraaf, Trump, We've, Poor's, what's Organizations: Nvidia, Walgreens, Nike, Apple, Technology, Communication Services Locations: hiccups
Opinion | The Causes of Jamaal Bowman’s Undoing
  + stars: | 2024-06-27 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “A Progressive’s Loss Signals a Shift to the Center” (front page, June 27):Notwithstanding the penchant for handicapping that permeates the article, Jamaal Bowman’s landslide loss tells us nothing about the future of “the left” or the “Squad” (scare quotes). Not only did Mr. What the article does tell us, and it’s not rocket science, is that Democrats need to be running moderates in moderate districts and progressives in progressive districts if we want to take back the House. There’s plenty of time to argue after we replace the current clown show. Michael K. CantwellDelray Beach, Fla.To the Editor:You offer needlessly complex reasons for why and how Jamaal Bowman lost his seat in Congress, ranging from broad shifts in the electorate away from progressive ideologies to differences in organizational skill and campaign spending between groups like Justice Democrats and the American Israel Public Affairs Committee, or AIPAC.
Persons: Jamaal Bowman’s, Bowman, Michael K, Cantwell, Jamaal Bowman Organizations: Justice Democrats, American Israel Public Affairs Committee Locations: Beach, Fla
Senate Democrats (including independents who caucus with them) hold 23 seats up for election this year; Republicans hold 11. Positive signs for DemocratsBut is the race for the Senate really over if Republicans just win West Virginia? Democratic Senate candidates seem to be at least tied or ahead in Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania and Wisconsin. Of course, Democratic Senate candidates outrunning the top of the ticket is nothing new. For Democrats to have any chance of holding the Senate, Republicans would have to lose all these Senate races.
Persons: we’ve, Donald Trump, Trump, Democratic Sen, Joe Manchin, Simone Pathe, it’s, we’re, Joe Biden, Biden, Sens, Bob Casey of Pennsylvania, Tammy Baldwin, Kari Lake, Lake, Nevada’s, Missouri’s Todd Akin, Mehmet Oz, Mark Kelly, Larry Hogan, I’m, Organizations: CNN, White, Senate, Republicans, Democratic, Republican, Republican Senate, Democrats, Florida, GOP, West Virginia, New York Times, Siena College, Biden Locations: nonjudicial, West Virginia, Texas, West, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Arizona, Nevada , Pennsylvania, Senate, Maine, Arizona , Nevada , Montana and Ohio, Montana, Ohio, Michigan , Pennsylvania, Maryland –
A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Ransom's $10 price target implies about 37.6% potential upside for the stock, which has gained 8.5% this year. Mailk said he likes the buy-rated stock on "secular AI growth opportunities" and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print.
Persons: Jack, Piper Sandler, GoodRx, Raymond James Raymond James, John Ransom, — Pia Singh, Tesla, Dell, Amit Daryanani, Daryanani, Wolfe, Chris Caso, Caso, INTC, Coupang, Jennifer Han, Han, that's, Nvidia's, Piper Sandler's Harsh Kumar, Kumar, Blackwell, Atif Malik, Mailk, Pierre Ferragu, Logan Reich, JACK YTD, Fred Imbert Organizations: CNBC, Nvidia, Wall, RBC, Citi, New, Research, Kroger, pharma, Dell, DELL, Wolfe Research, Intel, UBS, Blackwell, RBC Capital Markets Locations: Korea
Reports differ on how well Russia is faring in revitalizing its bleeding military after heavy losses in Ukraine. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRussia has "almost completely" reformed its military capabilities after taking heavy losses in Ukraine, a top US official said on Wednesday. He said Moscow suffered initial setbacks during the Ukraine war but has "retooled and now poses a threat to Ukraine." Related storiesIn the wake of those losses, Russian leader Vladimir Putin has sent his nation's military-industrial complex into overdrive, focusing its economy on producing shells, weapons, and equipment.
Persons: Kurt Campbell, , Campbell, Moscow, It's, Vladimir Putin, ILYA PITALEV, Boris Pistorius, Volodymyr Zelenskyy, Mike Johnson, CNAS Organizations: Service, Center, New, NATO, Russian, SPUTNIK, Getty, German, Royal United Services Institute, Kyiv, US State Department, Business Locations: Russia, Ukraine, New American, Washington, Europe, China, Saint Petersburg, Lithuania, London, Moscow, Russian
We spoke to Swisher on Monday to get her insight on some of the challenges facing the media and tech landscape today. And they didn’t anticipate that these tech companies were going to get into media. If so, why haven’t legacy media companies been able to lure in top tech talent to improve their products? Media companies do not get to live by the same anti-gravity rules that tech companies have been able to. But media companies didn’t offer the same kind of upside.
Persons: New York CNN — Kara Swisher, ” Swisher, Swisher, it’s, BuzzFeed, they’ve, Steve Jobs, Rupert Murdoch, , Donald Trump’s, Joe Biden’s, It’s, You’ve, Elon Musk, Bill Ackman, I’m, Elon, Tyler Perry, Sora, everyone’s, Adrian Chen, , AllThingsD, Uber, We’ve, haven’t Organizations: New York CNN, Craigslist, . Media, Big Tech, New York Times, Harvard, The New York Times, Google Locations: New York
The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards. Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns. The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high. On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows. Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.
Persons: Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner Organizations: Treasury, Wealth Management, Meta, Microsoft, Truist, Equity Locations: Meta, handicapping
In comments to a Kentucky House panel, Adams bluntly urged lawmakers to “not go backwards” as he defended the law allowing three days of no-excuse, in-person early voting. Adams' remarks were aimed at a Senate bill that would end the early voting days. “I’m keeping an open mind because I never was a big fan of early voting to begin with,” he said Friday. “There’s nothing bad and everything good with the way Kentucky adopted and implemented early voting,” University of Kentucky law professor Joshua A. Douglas said in an email Friday. Adams' office said that would draw just a tiny fraction of the electorate, making it no substitution for the current three days of no-excuse, in-person early voting.
Persons: Michael Adams, Adams, , Kentuckians, ” Adams, Donald Trump, Republican Sen, John Schickel, Schickel, , it's, Damon Thayer, cosponsors, Andy Beshear, Beshear, Joshua A, Douglas, — “, Organizations: , Bluegrass State, Kentucky House, Republican, GOP, Senate, Democratic, ” University of Kentucky Locations: FRANKFORT, Ky, — Kentucky, Kentucky, Trump, “ Kentucky, ” “ Kentucky
The S & P 500 , which had consolidated with a low-volatility sideways slide for three weeks, nudged to a new 20-month high just above 4600, almost precisely a 20% year-to-date gain. Just because the S & P 500 is at 4600 and Federal-funds futures markets project high odds of several rate cuts next year, it doesn't mean the former is reliant on the latter. Yet — just relax — in seven of the past 12 years, the S & P 500 went on to surpass this year-ahead analyst composite target. It's pretty popular to cast doubt on the achievability of the consensus 11.8% forecast S & P 500 earnings growth for 2024. A broadening beyond 2023's growth leadership is necessary for further S & P 500 gains.
Persons: YTD, Jerome Powell, Powell, John Butters, Scott Chronert Organizations: Federal, Fed, Bank of America, Wall, Merck, Pfizer, Citi, Treasury
Cleveland Federal Reserve President Loretta Mester said Friday she expects that interest rates likely won't be raised much more from here, if at all. "Regardless of the decision made at our next meeting, if the economy evolves as anticipated, in my view, we are likely near or at a holding point on the funds rate as we accumulate more information on economic and financial developments and assess the effects of the tightening in financial conditions that has already occurred," Mester said in remarks delivered for a speech in New York. The central bank official added that she agrees with Federal Open Market Committee estimate in September that another rate hike could come before the end of 2023, but noted that handicapping such moves is difficult now. Mester is not a voting member of the FOMC this year but will vote in 2024.
Persons: Loretta Mester, Mester, — Jeff Cox Organizations: Cleveland Federal, Open Locations: New York
Former Electronic Arts mobile gaming executive Mike Verdu joined Netflix as vice president of game development in 2021. Getting existing subscribers to download and play mobile games is a challenge, though, Benes noted. As of September 2023, Netflix's games have been downloaded 70.5 million times, globally, according to data obtained from Apptopia. The beta rollout to limited users Canada and the U.K. included Oxenfree from Night School Studio, a Netflix game studio, and Molehew's Mining Adventure, a gem-mining arcade game. But Netflix is not looking to be a console replacement, Netflix gaming executive Verdu previously told Tech Crunch.
Persons: It's, we've, Greg Peters, Ross Benes, Mike Verdu, Joseph Staten, Benes, Netflix's, Playrix, Candy Crush, King, Peters, Sunny Dhillon, Kyber Knight, Dhillon, Verdu Organizations: Netflix, Intelligence, Electronic Arts, AAA, Night School, Street, Tech, CNBC Locations: Canada
.SPX YTD mountain S & P 500 in 2023 The median stock in the index, though, is nearly 16% off its 52-week high and is flat year to date. The S & P also went nine straight sessions through Wednesday recording a lower low than the day before, something that had only happened a dozen times over the prior century, says SentimenTrader.com. But the raw numbers say the S & P 500 has dropped from 19.7-times the next 12 months' projection to 17.9-times in two months. The equal-weight S & P 500 is at 14.3-times forward earnings; it bottomed last October just under 13. The S & P 500's annualized total returns for the last three, five and ten years are all between 10-12%, slightly above the long-term average.
Persons: Bonds, Friday's, Johnson, handicapping, shutdowns Organizations: Federal Reserve, Treasury, Deutsche Bank, Target, American Express, Investment, CNN Locations: lockstep
The number of gig workers is growing and making an impact throughout the economy. But workplace experts say the number of gig workers is growing, and and their impact is being felt throughout the economy. “People who have access to the gig economy borrow less money than people who don’t. Working in the gig economy can help people spend more time searching for their next job, if they've been laid off. “We could do so much better.”Recently, local governments have attempted to bolster platform gig workers’ protections.
Persons: Los Angeles CNN — Lazarus, , that’s, Eric Baradat, Louis Hyman, Uber, DoorDash, Jenn Rosenberg, Hyman, , Erica Groshen, they've, Spencer Platt, Doordash, Susan Houseman, Groshen, we’ve, ” Groshen, they’re Organizations: Los Angeles CNN, Uber, CNN, DoorDash, Getty, of Labor Statistics, Cornell University, “ Society, University of Chicago, IRS, Bureau of Labor Statistics, Massachusetts Institute of Technology, BLS, . Upjohn Institute, Employment Research, North, New York City, Federal Reserve, Federal, System Locations: Hill , North Carolina, , United States, AFP, DoorDash, Kalamazoo , Michigan, North America, New York, California
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. "(Recession) is still out there as a pretty significant risk, but handicapping the timing of it is difficult." Upbeat earnings from Microsoft (MSFT.O), Alphabet Inc (GOOGL.O) and Boeing Co (BA.N) took the sting out of some disappointing economic data, which suggested weakening corporate expenditures on core capital goods. Emerging market stocks rose 0.23%. The dollar index fell 0.35%, with the euro up 0.57% to $1.1034.
Intermittency and transmissionOne of the biggest barriers to a 100% renewable grid is the intermittency of many renewable power sources. Wind resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. Solar resources in the United States, according to the the National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy. National Renewable Energy Laboratory, a national laboratory of the U.S. Department of Energy.
Main Street could find itself stuck in gridlock next year in terms of advancing pro-business tax objectives. For House Republicans, legislative priorities are likely to include extending business-friendly provisions of The Tax Cuts and Jobs Act, passed by the Trump Administration in 2017. Even so, a divided Congress means that major pro-business legislative changes will be difficult to enact. Rather, tax and policy professionals expect House Republicans to focus on a number of positioning moves next year — ones that will establish their pro-business agenda ahead of the 2024 presidential election. "There are a host of provisions in the tax code that businesses would like to see changed or revised," said Rochelle Hodes, a principal in Crowe's Washington National Tax office.
We can at least run through what we know about this market and how market cycles tend to unfold more generally. Fewer individual S & P 500 stocks made a new 52-week low than in mid-June even as the index itself undercut the June low, a modest positive glimmer. The prior extreme lows on this chart were near noteworthy market lows, if not always right at them. The Stock Trader's Almanac notes that of the 23 S & P 500 bear markets since World War II, seven ended in October. The S & P 500 has failed in four tries of since late August even to get above the short-term 20-day moving average, most recently on Friday.
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