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☆ Halifax County Sheriff’s Office arrests husband for the “senseless murder” of Emma Compton Layne in 2017
▼ + stars: | 2024-11-29 | by ( Veronica Fulton | ) www.nbcnews.com time to read: +4 min

On Wednesday, November 27, the Halifax County Sheriff’s Office in Virginia posted on their Facebook page that an arrest was made in connection to the murder of Emma Compton Layne. “Sheriff Fred Clark announces the arrest of Russell Wayne Layne, age 67, of Nathalie, VA, for the senseless murder of his wife, Emma Compton Layne, which occurred in June of 2017,” the HCSO Facebook post states. Burton of the Halifax County Sheriff’s Office told Dateline that police began their investigation and got in contact with Emma’s husband, Russell Layne, who allowed authorities to search their home. Cadaver dogs were brought in to search the home and surrounding area the day after Emma was reported missing. “Emma’s remains were found the 22nd of November.

Persons: Emma Compton Layne, Fred Clark, Russell Wayne Layne, “ Layne, Jeff Burton, Emma, J.M, Burton, Russell Layne, Layne, ”, Tommy Spencer, “, Wynona Compton, Childress, Sylvia Whitlow, Emma Compton, Shawna Compton, Krohn, WSLS, she’ll, “ We’re, it’s, Russell Layne’s, Wynona Childress, Emma’s, Emma Layne’s Organizations: Sheriff’s, Facebook, Dateline, Halifax County Sheriff’s, NBC, Medical, Blue, Jail Authority, HCSO Locations: Halifax, Virginia, Nathalie, Cody , Virginia, Halifax County, Blue Ridge

Transportation Secretary Pete Buttigieg leads the way with over 770,000 TikTok followers, while Interior Secretary Deb Haaland has a verified TikTok account with just over 1,100 followers. Of the 353 who supported the bill to force a sale, 13 have verified TikTok accounts, all of whom are Democrats. Luna’s communications director said that her TikTok account was for personal use and is not an official campaign account. Unlike in the House, where elected officials with verified TikTok accounts voted in both directions across party lines, 10 Senate Democrats with verified TikTok accounts voted to force a sale of the platform, while one independent and one Senate Republican with verified TikTok accounts voted against the bill to do so. Senators with verified TikTok accounts have an average of 318,000 TikTok followers, while representatives with verified TikTok accounts have an average of 178,000 TikTok followers.

Persons: that’s, Joe Biden’s, Donald Trump, Hunt, ” Hunt, it’s, “ It’s, they’re, Biden, Trump, Kamala Harris, Harris, TikTok, Trump’s, soundbites, influencers —, ’, Brendan Carr, can’t, Doug Emhoff, Pete Buttigieg, Deb Haaland, Haaland, Rashida Tlaib, Jasmine Crockett, hasn’t, Crockett, ” Crockett, “, Jeff Jackson, Jackson, Jackson’s, Anna Paulina Luna, Luna, Nancy Mace, Mace, “ She’s, Sen, Cory Booker of, Jon Ossoff of, Ossoff, Booker, Harris ’, Charli XCX’s, Bernie Sanders of, Sanders, Bernie Sanders, we’re, “ We’ve, ” Organizations: NBC News, Democratic, U.S . Senate, Trump, Federal Communications Commission, Biden, Transportation, X, ”, North Carolina Senate, Republican, TikTok, Senate, Democrats, New York Times, Congress Locations: California, U.S, American, States, TikTok, D, Texas, North Carolina, Florida, South Carolina, Cory Booker of New Jersey, Jon Ossoff of Georgia, Bernie Sanders of Vermont

☆ Justice Dept. Girds for a Test of Its Independence
▼ + stars: | 2024-11-29 | by ( Devlin Barrett | ) www.nytimes.com time to read: +1 min

It was an early case of Donald J. Trump seeking retribution through the Justice Department. In the first year of Mr. Trump’s first presidency, Attorney General Jeff Sessions appointed a top federal prosecutor to review whether the F.B.I. had failed to fully pursue investigations involving Hillary Clinton, including an inquiry into the Clinton Foundation’s ties to a Russian uranium mining operation. The appointment of the prosecutor, John W. Huber, the U.S. attorney in Utah, was championed by many on the right eager to turn the spotlight away from Mr. Trump’s ties to Moscow. Mr. Trump’s grievance-laden campaign rhetoric has left many current and former agency officials fearful that he will seek to turn it into a department of revenge aimed at foes inside and outside government.

Persons: Donald J, Trump, Trump’s, Jeff Sessions, Hillary Clinton, Clinton, John W, Huber, Huber’s, Department’s Organizations: Justice Department Locations: U.S, Utah, Moscow, Washington

☆ Will the Markets Check Trump’s Power?
▼ + stars: | 2024-11-29 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

The president-elect follows the markets closely. Since Election Day, a great deal of financial analysis has been devoted to one central question: How will the new Trump administration affect the markets? But another important question isn’t being asked as frequently: To what extent can the markets serve as a check on the power of the president? Given this vacuum, it’s reasonable to wonder whether the markets will play an outsize role. Yes, in a tenuous and unpredictable way, the markets are likely to influence the next administration’s decision-making and, occasionally, serve as a check on some of Mr. Trump’s most immoderate behavior.

Persons: Trump, Donald J, Trump’s Organizations: Senate

☆ Stocks Resume Post-Election Rise
▼ + stars: | 2024-11-29 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

He linked the tariffs to what he said was the need to curb the inflow of drugs and undocumented immigrants. The S&P 500 rose 0.6 percent on Friday, closing at a new high of 6,032.38, at 1 p.m., after a day off for the Thanksgiving holiday. It was the last trading day of November, and the index rose 5.7 percent for the month, according to FactSet. That continued a surge that began even before the election, when Wall Street began to predict that Mr. Trump would win. His proposals for cutting taxes and easing the regulatory burden on businesses have been greeted with enthusiasm in the markets.

Persons: Donald J, Trump’s, Trump, — Organizations: Wall Locations: Canada, Mexico, China

☆ CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
▼ + stars: | 2024-11-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mike Blake | ReutersThis 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. The SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management.

Persons: TKWY, Mike Blake, David Alcaly, Scott Helfstein, Chris Verrone, —, Jeff Cox, Scott Schnipper, Alex Harring, Sean Conlon Organizations: Reuters, CNBC, Dow Jones, Big, Nasdaq, U.S . Federal, Lazard Asset Management Locations: Encinitas , California, U.S, Big Tech

☆ Amazon workers plan global protests during the Black Friday shopping weekend for the fifth year in a row
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

It's the fifth year Amazon workers have protested during the major shopping weekend. The protests are part of the fifth annual Make Amazon Pay campaign, organized by a coalition of labor and progressive organizations. The Amazon Labor Union, which represents roughly 5,500 workers in a Staten Island warehouse, voted in June to affiliate with the Teamsters. AdvertisementWhat about Amazon's climate footprint? Significant delays haven't occurred as a result of Make Amazon Pay protests in prior years, and it seems unlikely they will impact shipping times this year.

Persons: It's, Amazon, Jeff Bezos, Eileen Hards, We've, Karen Ducey, Eliza Pan, Hards, Andy Jassy Organizations: Black, Workers, Retail, Wholesale, Department Store Union, Amazon, Teamsters Union, Amazon Labor Union, Teamsters, Amazon Employees, Climate Justice, Seattle Times Locations: U.S, New Delhi, New York City, Staten Island, California , Kentucky, Atlanta, Seattle

☆ Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank’s key borrowing rate were at 66% Wednesday morning, according to the CME Group’s FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

☆ There is no such thing as an all-America car. That’s why tariff will raise car prices.
▼ + stars: | 2024-11-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The US government tracks what percentage of each car’s parts is made “domestically.” But under current trade law, both Canadian-made parts and US-made parts are counted as the same domestic content. “Yes, it’s America’s truck, assembled in America, but not with American parts,” Ivan Drury, director of insights for Edmunds, told CNN. Domestic parts could be tough to findFinding domestic supplies for many of the imported car parts would be difficult. Even if an American parts supply could be found, in most cases it would be more expensive. Fewer imported cars would raise all pricesTariffs on imported vehicles likely would also lead to higher prices on cars that are assembled here, since it would limit the supply of vehicles in the US market.

Persons: Donald Trump, Trump, aren’t, Bill Clinton, Bill Pugliano, Honda, “, it’s, ” Ivan Drury, Edmunds, Jeff Schuster, GlobalData, ”, Drury, “ You’re Organizations: New, New York CNN, GM, Ford, Jeep, Dodge, Chrysler, Toyota, Honda, Tesla, Hyundai, Kia, Nissan, Mazda, Subaru, CNN, Chevrolet Blazer, Chevrolet Silverado Locations: New York, Mexico, Canada, American, United States, China, Lincoln , Alabama, Dearborn , Michigan, Michigan, Missouri, America, Saltillo , Mexico

☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

☆ The Big Awful: New York’s football teams are spiraling
▼ + stars: | 2024-11-27 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +10 min

A New York Jets fan wears a paper bag during the game between the New York Jets and Arizona Cardinals at State Farm Stadium on November 10 in Glendale, Arizona. On the second play of the 2023 season, however, Rodgers tore his Achilles’ tendon, and his season was over before it really got started. The devastating injury took the Jets’ season down with their quarterback, finishing 7-10. New York Jets head coach Robert Saleh looks on before a game against the Tennessee Titans at Nissan Stadium on September 15 in Nashville. Ten games into the season, Jones would no longer be on the team.

Persons: –, it’s, Chris Coduto, It’s, Aaron Rodgers, Rodgers, ’, Robert Saleh, Justin Ford, Davante Adams, Adams, Woody Johnson, Joe Douglas, Jeff Ulbrich’s, Ulbrich, ”, “, I’m, ” Rodgers, Johnson, Ian Rapoport, Giants GM Joe Schoen, Daniel Jones, Schoen, Saquon Barkley, Brian Daboll, Jones, Daboll, demoting, Tommy DeVito –, Tommy Cutlets ”, Tommy DeVito, Dustin Satloff, John Mara, Baker Mayfield, DeVito, ” DeVito, benching Jones, “ We’re, ” Daboll, Dexter Lawrence, Lawrence, Malik Nabers, Barkley Organizations: CNN, New York, New York Jets, New York Giants, MetLife, Jets, Giants, NFL, Arizona Cardinals, State, GM, Super, Minnesota Vikings, Tennessee Titans, Nissan, Raiders, Green Bay Packers, The Jets, Colts, ESPN, Sunday, NFL Network, Giants GM, Philadelphia Eagles, Barkley, Tampa Bay Buccaneers, Bucs, Associated Press, Eagles, football Giants Locations: New Jersey, Glendale , Arizona, London, Nashville, Las Vegas, New York, Green, It’s, Philly, Philadelphia

☆ Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank's key borrowing rate were at 66% Wednesday morning, according to the CME Group's FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

Amazon workers in more than 20 countries, including the United States and the United Kingdom, plan to hold protests or go on strike between Black Friday and Cyber Monday, two of the marquee shopping promotions of the year, according to organizers. ‘Make Amazon Pay Day’ is becoming a global act of resistance against Amazon’s abuse of power,” said Christy Hoffman, general secretary of UNI Global Union. In at least six German towns, thousands of Amazon workers are set to strike. In New Delhi, hundreds of Amazon workers are expected to rally to demand fair treatment. “Amazon is everywhere, but so are we,” said Varsha Gandikota-Nellutla, co-general coordinator of Progressive International.

Persons: ”, Christy Hoffman, Eileen Hards, we’re, Jeff Bezos, Varsha Organizations: Black, UNI Global Union, Progressive, International Labour Organization, United, Seattle, Progressive International, “ Locations: United States, United Kingdom, Switzerland, U.S, Germany, France, Japan, Brazil, Turkey, New Delhi, United Nations, Staten Island , New York, Alabama, New York, Spain, Italy

☆ Millions to hit the roads for Thanksgiving ahead of 'Arctic' temperatures on Thursday
▼ + stars: | 2024-11-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

Millions of travelers on Tuesday will battle severe weather and congested highways to reach loved ones for Thanksgiving. The National Weather Service (NWS) said in an update early Monday that a pair of weather systems were expected to bring an "Arctic outbreak" across the Central U.S. Wednesday and into Thanksgiving Thursday. Temperatures in the Northern Great Plains will only reach the high teens and 20s Tuesday and Wednesday, 15-25 degrees lower than the seasonal average. The NWS office for the Twin Cities said that Thursday could see lows of zero to 13 degrees Fahrenheit. Roberto Schmidt / AFP via Getty ImagesAs of 7 a.m. Tuesday, airports seemed to be handling the influx of Thanksgiving travelers; there was only one flight cancellation listed across the country Tuesday morning on FlightAware's Misery Map of airline disruption, with just 55 delays.

Persons: Ronald Reagan, Roberto Schmidt, “, I’ve, Jeff Couture, Janis, Ken Allen, — Organizations: National Weather Service, Central U.S, NWS, Twin, Rockies, Michigan, Ronald Reagan Washington National Airport, AFP, Getty, NBC New, Newark, AAA Locations: Twin Cities, California, Sierra Nevada, Michigan Peninsular, Lake Ontario, Ronald Reagan Washington, Arlington , Va, Connecticut, Portugal, NBC New York, San Francisco, Philadelphia

☆ Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. In addition, they expressed uncertainty over where the rate cuts would need to stop before the Fed hit a "neutral" interest rate that neither boosts nor restrains growth. Conflicting signals on inflation and the uncertainty over Trump's policies have caused traders to scale back their outlook for interest rate cuts ahead. Officials indicated that the state of the labor market is generally solid. "Participants generally noted … that there was no sign of rapid deterioration in labor market conditions, with layoffs remaining low," the minutes said.

Persons: FOMC, Donald Trump's Organizations: Federal, Market, stoke, Republican, Fed

☆ Dell shares fall on light forecast despite growing AI sales
▼ + stars: | 2024-11-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations on Tuesday, despite bullish commentary from the company on AI sales growth. It said it expected $2.50 in adjusted earnings per share, versus expectations of $2.65 per share. Dell's AI server sales are reported in the company's Infrastructure Solutions Group (ISG), which includes AI servers, storage, networking components, and traditional servers. The strongest part of Dell's ISG business was its Servers and Networking subsidiary, which includes AI systems. The overall ISG unit is more profitable, thanks to sales of pricier AI systems.

Persons: Michael Dell, Dell, Jensen Huang, Jeff Clarke Organizations: Dell Inc, Dell Technologies, Dell, Nvidia, Blackwell, Solutions, Networking, Intel, AMD Locations: Las Vegas , Nevada, Asia, Dell's

☆ Harris campaign leaders blame abbreviated campaign and headwinds for loss
▼ + stars: | 2024-11-26 | by ( Gregory Krieg | Jeff Zeleny | ) edition.cnn.com time to read: +5 min

The leaders of Harris’ presidential campaign in an interview released Tuesday defended their decisions and blamed a variety of external factors for the Democrat’s defeat three weeks ago. Harris’ top aides did not reveal any notable regrets and suggested that, with more time, the vice president might have fared better. Though she seemed less inclined to pass along the blame, the vice president also suggested the short campaign hamstrung her chances. President Trump is for you.” The spot used Harris’ own words, highlighting support for taxpayer-funded sex reassignment surgeries for transgender prisoners. “I think that it made her seem out of touch.”Yet the architects of the Harris campaign dismissed suggestions that some Democrats have made since the election that not responding to the ad played a major role in Harris’ defeat.

Persons: CNN —, Kamala Harris, Donald Trump, Harris, ”, David Plouffe, Joe Biden, Plouffe, Biden, Harris ’, Jennifer O’Malley Dillon, ’, ” Dillon, “, ” Harris, Kamala, Trump, ” Plouffe, ” Quentin Fulks, ” Fulks, Dan Pfeiffer, Barack Obama, “ You’ve, Stephanie Cutter, Joe Rogan, Cutter, Dillon, “ Trump, ” Pfeiffer, ” Cutter, CNN’s Ebony Davis Organizations: CNN, Democratic, Trump

☆ AI Customer Service Chatbots Are Making People Miserable and Annoyed
▼ + stars: | 2024-11-26 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

By corporate America's (sometimes dubious) telling, AI is basically the answer to everything, including customer service. A recent Gartner survey found that nearly two-thirds of customers prefer that companies don't use AI for customer service. Related storiesEven setting aside the cost savings for companies, there are clear reasons that AI should be a good fit for customer service. "We know that there are certain aspects of customer service that AI is doing well. What's more, if every company has a mediocre AI experience, the bar might just be lowered across the board.

Persons: I've, I'm, It's, it's, Karen, I'd, Michelle Schroeder, don't, Michelle Kinch, that's, aren't, Keith McIntosh, They're, they're, Kinch, Jason Maynard, Chris Filly, Maynard, Jeff Gallino, Rodney Zemmel, they'll, —, Gallino, Schroeder, We've, Emily Stewart Organizations: Corporations, Dartmouth's Tuck School of Business, Gartner, Companies, Asia Pacific, FedEx, Fortune, Santander, Siemens, McKinsey, Delta, Filly, Alexa, Business Locations: North America, Asia, Zendesk, Callvu, PolyAI

☆ Scott Presler: The former provocateur claiming credit for swinging Pennsylvania to Trump
▼ + stars: | 2024-11-26 | by ( Elle Reeve | Samantha | ) edition.cnn.com time to read: +7 min

Doylestown, Pennsylvania CNN —Scott Presler has built a persona as a tall, very friendly, and gay face of the MAGA movement. His profile on X lists his location as “Make Kindness Cool Again.” Last week he smiled for every photo and shook hands with every fan who followed him to a county commissioners’ meeting in Bucks County, Pennsylvania. The meeting itself was less chipper, with Presler’s acolytes repeatedly shouting “TRAITOR!” at a Democratic official, but Presler himself stayed upbeat. “For the first time in modern history, there are more registered Republicans than Democrats here in this county,” Presler said as he addressed the commissioners. On Kelly’s show, Presler called himself “a data guy,” and got into the weeds on voter registration numbers.

Persons: Pennsylvania CNN — Scott Presler, MAGA, Presler, ” Presler, Donald J, Trump, Donald Trump, Elon Musk, Donald Trump Jr, Steven Bannon, Megyn Kelly, Dan Bongino, Benny Johnson, Charlie Kirk, ” Scott Presler, Mark Peterson, Steven Crowder, ” Crowder, “, ”, ” Trump, Kamala Harris, LancasterOnline, Pat Poprik, “ There’s, Scott, He’s, he’s, Julie Ambolino, Miriam Logan, ” Edward Mackhouse, I’ve, Lara Trump, Jeff Kowalsky, Diane Ellis, Ellis, Marseglia, that’s Organizations: Pennsylvania CNN, Presler’s, Democratic, Commonwealth, YouTube, CNN, Pennsylvania, Republican, Elon, Trump, New York Young Republicans, Covid, Democrat, Bucks County Republican Party, Getty Locations: Doylestown, Pennsylvania, Bucks County , Pennsylvania, United States, America, Baltimore, Bucks, ’, Detroit, AFP

☆ The Fed's favorite inflation gauge is out Wednesday. It could show some bad news on prices
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At a time when most Federal Reserve officials see lower interest rates head, a key report on Wednesday is expected to show inflation drifting further away from target. The Commerce Department will release the October look at its personal consumption expenditures price index, the Fed's primary yardstick to measure the pace of price increases. "Recent data show progress on inflation has slowed," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note. "Recent wage data shows gains remain elevated and suggests core inflation is unlikely to cool near the Fed's 2% target," BlackRock experts said Monday in their weekly market note. "Markets have been pricing out Fed rate cuts — and moving closer to our view — as it becomes clearer that inflation pressures could prove persistent."

Persons: Dow Jones, What's, Donald Trump's, Brett Ryan Organizations: Federal, Commerce Department, Deutsche Bank, BlackRock

☆ U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why
▼ + stars: | 2024-11-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, D.C., June 7, 2024. The U.S. stock market appeared to cheer President-elect Donald Trump's presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of strong growth and lower inflation ahead. Stock market futures rose and Treasury yields tumbled early Monday following the announcement late Friday that Trump would pick Scott Bessent, a familiar Wall Street figure, to take on his administration's most important economic role. The move sent a message that Trump wants someone with strong market credentials as well as a similar philosophy for the role. In particular, bond yields have scaled higher, with some interpreting the move as anticipating another leg up for inflation while others see it as traders pricing in stronger growth.

Persons: Scott Bessent, Donald Trump's, Trump, Sarah Bianchi, Evercore, Bianchi Organizations: Key, Washington , D.C, CNBC, Stock, Republicans Locations: Washington ,, U.S

☆ We're adding this Bullpen stock to the portfolio and adding to a long-held position
▼ + stars: | 2024-11-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

In addition, we will buy 5 shares of Eli Lilly at roughly $750. Separately, we can finally add to our position in Eli Lilly. We want to buy into this correction because Eli Lilly shares are back trading at an appealing valuation relative to its growth rate. If you look out to 2026, Lilly shares are trading at roughly 25 times. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Eli Lilly, Jim Cramer's, Bristol Myers, Chris Boerner, Karuna, Robert F, Kennedy Jr, Lilly, Jim Cramer, Jim Organizations: Myers Squibb, BMY, pharma, Karuna Therapeutics, FDA, JPMorgan, Bristol, of Health, Human Services, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, NYSE Locations: Bristol, New Jersey, U.S, New York City

☆ A December rate cut suddenly looks shaky as the market weighs Trump implications
▼ + stars: | 2024-11-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

With uncertainty lingering over how President-elect Donald Trump's policy intentions could affect vital parts of the economy, December no longer looks like a done deal for an interest rate cut. Primarily, it was Trump's victory and the extent to which his policies will stimulate the economy and perhaps goose inflation. In a recent CNBC interview, Bessent advocated for a gradual implementation of tariffs and insisted that Trump has no desire to stoke inflation. A market rally Monday lost a little bit of its steam as well as investors continued to weigh the prospects for Fed policy. "It is really, really hard to argue the other side of tariffs will slow growth and raise inflation.

Persons: Donald Trump's, Charles Schwab, Kathy Jones, Jones, Liz Ann Sonders, Schwab, you've, Sonders, Trump, Scott Bessent, Bessent Organizations: Traders, Federal Reserve, Fed, CNBC, Treasury, Nasdaq

☆ Here's why our lone energy stock is falling despite a surge in natural gas prices
▼ + stars: | 2024-11-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Donald Trump's, Scott Bessent, Bessent, it's, Stanley Black, Decker, Stanley, Trump's, We're, Trump, we're, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, Stanley, EBW, Reuters, Biden, LNG, Coterra Energy, Abercrombie, Fitch, Burlington Stores, Dick's Sporting Goods, Jim Cramer's Charitable Locations: China, Israel, Kohl's

☆ This rotation trade is just getting going, says KKM's Jeff Kilburg
▼ + stars: | 2024-11-25 | 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 EmailThis rotation trade is just getting going, says KKM's Jeff KilburgJeff Kilburg, founder and CEO of KKM Financial, joins CNBC's 'Power Lunch' to discuss how to position in the short trading week.

Persons: Jeff Kilburg Jeff Kilburg Organizations: KKM

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