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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Roche says he doesn't believe Kamala Harris can beat Donald TrumpDavid Roche, president and global strategist at Quantum Strategy, explains why he doesn't think Kamala Harris, can beat Republican nominee Donald Trump, if she receives the Democratic presidential nomination.
Persons: David Roche, Kamala Harris, Donald Trump David Roche, Donald Trump Organizations: Quantum, Republican, Democratic
Anadolu | Anadolu | Getty ImagesThe "Trump trade" could unwind after President Joe Biden withdrew from the 2024 presidential election, throwing his weight behind Vice President Kamala Harris. The Trump trade refers to plays on stocks that are expected to benefit if the former president returns to the White House. CNBC previously reported that Wall Street sees a Trump win as good for stocks as the Republican candidate has called for lower taxes and deregulation. The strategist predicted the U.S. dollar would soften as some of the "Trump trade" unwinds, adding that he believes the prospect of a Democratic victory has marginally increased. Roche said, however, that a Harris nomination increases the chance of a Trump win, but lowers the odds of the Republicans winning both houses of Congress.
Persons: Joe Biden, Biden, Kamala Harris, Trump, Donald Trump, Trump's, Michael Brown, Pepperstone, Brown, David Roche, Harris, Biden Harris, Roche Organizations: U.S, Anadolu, Getty, Republican, House, CNBC, Trump, White, Democratic, Federal Reserve, Quantum, Democratic Party, Biden, Republicans Locations: Ankara, Turkiye, Asia, Australia, U.S
Stanley Druckenmiller , still basking in his winning Nvidia bet, has hit another home run in this bull market. When Druckenmiller acquired the position in the first quarter, small caps were significantly underperforming their large-cap counterparts. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. After the stock soared from $150 to above $900, Druckenmiller slashed the stake. A lot of what we recognized has become recognized by the marketplace now," Druckenmiller said on CNBC at the time.
Persons: Stanley Druckenmiller, Druckenmiller, Russell, George Soros, bullish, We've Organizations: Nvidia, Duquesne Family Office, Investment, SEC, Quantum Fund, Duquesne Capital Management, CNBC
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Persons: Sharp, OLED Organizations: Business, Dell, LG, Asus, Amazon, Amazon LG, AMD, Amazon Dell, Samsung, Amazon Prime
Below, our tech experts have curated a running list of all the best Prime Day TV deals so far, and we've compiled even more savings across all categories in our full Prime Day deals roundup. The best Prime Day TV deals are expected to remain active through July 17 while supplies last. TCL 55-inch Q7 4K QLED TV $448.00 $598.00 Save 25% The Q7 is one of the top midrange QLED 4K TVs. View at AmazonLG 65-inch C4 OLED 4K TV $1,796.99 $2,699.99 Save 33% The C4 is LG's latest midrange 4K OLED TV. View at AmazonHisense 85-inch U8N QLED 4K TV $1,798.00 $2,799.99 Save 36% The U8N is Hisense's 2024 flagship QLED TV.
Persons: we've, 60Hz, HLG, 120Hz, it's, OLEDs Organizations: Business, Samsung, LG, Dolby, HLG Smart, Google, Amazon, Amazon Samsung, Amazon LG, Sony, Toshiba, Amazon Prime Locations: TCL, QLED
CNBC Daily Open: Biden urges unity
  + stars: | 2024-07-15 | by ( Abid Ali | )   time to read: +4 min
This 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. Trump assassination attemptPresident Joe Biden addressed the nation from the White House, where he condemned all political violence and called for unity. [PRO] Gearing up for electionsWith the U.S. presidential election approaching and stock markets at all-time highs, professional investors are emphasizing portfolio diversification to mitigate risks. Despite a brief downturn due to a rotation out of mega-cap growth stocks, the markets rebounded, setting new records.
Persons: Trump, Joe Biden, Biden, Donald Trump, Thomas Matthew Crooks, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, David Roche, Hong, Australia's, Korea's Kospi Organizations: CNBC, White, FBI, NBC, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, Quantum, Trump, Republican, Senate, CSI, U.S Locations: Pennsylvania, Bethel Park , Pennsylvania, China, Israeli, Hong Kong Asia, Pacific
Implications of a Trump presidency
  + stars: | 2024-07-15 | by ( )   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImplications of a Trump presidencyDavid Roche, strategist at Quantum Strategy, discusses the implications of a Donald Trump presidency following the attempted assassination of the former president.
Persons: Trump, David Roche, Donald Trump Organizations: Quantum
Asia-Pacific markets climbed on Monday as investors awaited China's Third Plenum and also assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. David Roche, president of Quantum Strategy, said in a note on Sunday that Trump would win the presidency, with an increased probability of a Republican clean sweep of both the House of Representatives and the Senate. Key China economic data will be released on Monday, including the country's second quarter GDP numbers. China's economy is expected to expand 5.1% year on year, according to a Reuters poll of economists, compared to 5.3% in the first quarter. Japan's markets are closed for a public holiday.
Persons: Donald Trump, David Roche Organizations: Quantum, Trump, Republican Locations: Asia, Pacific, China
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Persons: haven't, they're, Apple, We're, Siri, we'll, doesn't, Amazon Nathan James Hugo Wood Nightstand, Nathan James, we've, Dyson, you've, it's, fryer, Bose Organizations: Business, Echo, Amazon, Apple, Amazon Apple, Apple Health, Amazon Prime, Olympics, Sony, LG, Samsung, Dolby, Amazon Samsung, lounging, Amazon Philips, Philips, Bose, Amazon Sony WH
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Whether it's the markets or the Federal Open Market Committee, no one seems to be getting their forecasts right. But if you want the closest thing to accuracy, French economist Christophe Barraud may be your best bet. One caveat is that Trump would need 60 seats in the Senate to implement policy changes smoothly, Barraud noted. Where uncertainty in a Trump presidency remains is on the geopolitical front, Barraud noted.
Persons: , Christophe Barraud, haven't, Barraud, it's, Donald Trump, Joe Biden, Trump, He's Organizations: Service, Federal, Market, Market Securities Monaco, Bloomberg, Business, Trump, Republican, Fed Locations: China, delinquencies, France, Italy, Ukraine, Russia
CNN —Dr. Ruth Westheimer, the iconic sex therapist whose cheerful and disarming advice helped educate millions of Americans about sexual desires and practices, has died, her publicist Pierre Lehu told CNN on Saturday. Dr. Ruth Westheimer poses for a portrait in Pasadena, California, in January 2016. Becoming Dr. Ruth Westheimer speaks during an American Society of Newspaper Editors convention in April 1986. Bob D'Amico/ABC/Getty Images Westheimer on the set of "Quantum Leap" with actor Dean Stockwell and director Stuart Margolin in 1993. Ron Galella Collection/WireImage/Getty Images Westheimer rides on the back of a motorcycle during New York's Salute to Israel Parade in May 1996.
Persons: Ruth Westheimer, Pierre Lehu, grandmotherly Westheimer, Dr, Ruth ” –, , Lehu, Maarten de Boer, Westheimer, Ruth, Stewart, AP Westheimer, Cyndi Lauper, Nancy Kaye, Ron Galella, Bob D'Amico, Dean Stockwell, Stuart Margolin, Alice S, David Karp, Bill Clinton, King Mohammed VI of, Susan Walsh, Keith Bedford, Sir Paul McCartney, McCartney, Bob Child, Barack Obama, Michelle Obama, Chip Somodevilla, Andy Kropa, John Lamparski, Michael Kovac, Gabby Jones, , Ruth Show, ” Westheimer, Columbia University . Westheimer, Love Organizations: CNN, Haganah, Zionist, Israel Defense Forces, American Society of Newspaper, ABC, Getty, Israel Parade, White House, Westheimer, Yale, Communications, Broadway, of Fame, Gotham, New York, New York Times, Lifetime, Teachers College, Columbia University ., Museum of Jewish Heritage Locations: Pasadena , California, Switzerland, Jerusalem, New York, Beverly Hills , California, Los Angeles, King Mohammed VI of Morocco, New Haven , Connecticut, Washington ,, New, Germany, Paris, New York City
CNN —NATO officials are discussing taking action to reclaim some Chinese-owned infrastructure projects in Europe should a wider conflict with Russia break out in the east of the continent, three officials involved in the discussions told CNN. A decade ago, when Europe was still crawling out of the economic crater caused by the global financial crisis, the promise of infrastructure funding from Chinese-owned investment firms seemed like a major windfall. The fear, according to one US official, is that Beijing could use the infrastructure it owns in Europe to provide material assistance to Russia if the conflict were to expand. The discussions reflect an increasing focus on China by the NATO alliance. A NATO official said that if a war erupted, the infrastructure “would almost certainly be nationalized, or nations would temporarily assume operating control, under emergency security measures.
Persons: Antony Blinken, Kishida, ” Blinken, Jens Stoltenberg, CNN’s Natasha Bertrand Organizations: CNN, NATO, Washington, Moscow, Beijing, Initiative, Helsinki Shipyard –, US, Ukraine, European Union Locations: Europe, Russia, Ukraine, Beijing, China, NATO, Eastern Europe, Baltic, Finland, Canada, Japan, East Asia, South Korea, Australia, New Zealand, France, Washington
watch nowFrench borrowing costs still face a "blowout" over those of Germany, as political and economic reality sets in following the country's parliamentary election, according to veteran investor David Roche. Bond yields move inversely to prices and represent the change in borrowing costs for a government — also indicating long-term investor confidence in the economy. Now, my view is that it will happen," Roche told CNBC's "Squawk Box Europe" on Tuesday. watch nowAlong with economic growth prospects, a key watch-point for investors is France's hefty budget deficit and high debt-to-GDP ratio of 110%. There are about seven major pillars, they suddenly will go absolutely nowhere, which is disastrous for Europe," Roche told CNBC.
Persons: David Roche, Jean, Claude Trichet, , Emmanuel Macron, Roche, CNBC's, shorting, Macron, " Roche Organizations: European Central Bank, CNBC, Quantum, French National Assembly, European Commission, National Locations: Germany, France, Europe, Italy, Ukraine
“My cart looks ridiculous,” said Ms. Uhuru, 48, who supplements her hauls with vegetables grown in her garden. “People think I am a shift shopper.” Sylvia Jarrus for The New York Times, including previous image. Sawyer’s April Shopping Total shopping trips: 14 Impulse purchases: Castelvetrano olives ($5.99) and sparkling water (prices vary) Share of drinkable purchases: 70 percent What might a stranger notice if she peered into Sawyer Bonsib’s cart? “The old adage ‘Don’t go grocery shopping when you are hungry,’ applies triply during Ramadan,” he said. “Or my toddler will gnaw on a tortilla while I’m making dinner.” Jessica Attie for The New York Times, including previous image.
Persons: , creamer, Jackie Kesterson, haven’t, , , Kesterson, Rebecca Gratz, Kimberly Uhuru Detroit, Kimberly Uhuru, Uhuru, ” Sylvia Jarrus, Sawyer, Mr, Bonsib, Alcoholics Anonymous, isn’t, ” Will Newton, pita —, Pecorino Romano, pistachios, Ayse Gilbert, Gilbert, She’s, ” Kerry Tasker, Sonal Singh, Singh, Carolyn Fong, Bingahlan, Abdul Bingahlan, chiles, We’re, Bingahalan, , Brittainy Newman, Amy O’Neill Houck, ” — Mindy Huskins, — Naeman Mahmood, ” — Martha Goff, Gabby Cavazos Austin, Gabby Cavazos, Cavazos, ” Jessica Attie, Young, Alan Young, . Young, Croix seltzer Organizations: THE, Amazon Grocery, Vee, The New York Times, Walmart, Alcoholics, Costco, Gilbert Anchorage, University of Georgia, Mart, chiles, Atlanta, Emory, Coordinating, Foods, Assistance, SNAP Locations: United States, romaine, Jackie Kesterson Omaha, Rosedale Park, Target, Croix, Waterloo, Malvern, Ark, Gilbert, Alaska, Anchorage, Carmel , Calif, California, Sonal Singh Foster City, Calif, India, Foster City, Bingahlan New York City, Cordova , Alaska, Newark, Del, Atlanta, Sacramento, Gabby Cavazos Austin , Texas, Texas, Young Hilo, Hawaii
Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.
Persons: , Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, , Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn France, political paralysis is economic paralysis, David Roche saysDavid Roche, strategist at Quantum Strategy, discusses the economic implications of the latest political developments in France.
Persons: David Roche Organizations: Quantum Locations: France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeet the AI-powered robots Big Tech is betting can solve the global labor crisisHumanoid robots are catching the attention, and billions of investment dollars, from Big Tech companies like Amazon, Google, Nvidia, Tesla and Microsoft. Powered by AI, these bots have seen quantum leaps in what they're capable of in just the past few years. CNBC's Kate Rooney speaks with Agility Robotics, Apptronik, Sanctuary AI and others to explore the rise of these AI-driven humanoids, if they're a cure-all for our global workforce problems, or if this is yet another tech bubble.
Persons: CNBC's Kate Rooney Organizations: Big Tech, Google, Nvidia, Tesla, Microsoft, Robotics
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeir Starmer does not have the tools or vision to turn the UK economy around: David RocheDavid Roche of Quantum Strategy says he expects the markets to respond positively to a victory for the Labour Party's Keir Starmer, but this does not change the declining trajectory of the UK economy.
Persons: Keir Starmer, David Roche David Roche, Labour Party's Keir Starmer Organizations: Quantum, Labour
Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week and Haute Couture Week. In the wake of last week’s Haute Couture Fashion Week and in the midst of the decisive French elections, a general sense of unrest is palpable in the country. Peter White/Getty ImagesThe collection explored refined elegance. Gowns with the flair of theater costumes (a distinct departure from his ready-to-wear garments) turned haute couture into an escape from reality. Courtesy Robert WunAt Robert Wun, on the other hand, each silhouette evolved to a different element.
Persons: “ Couture, Louis XIV ”, Alice Litscher, Chanel, Virginie Viard, Karl Lagerfeld’s, Garnier, Peter White, , Guillaume Henry, , Rose, Carl Jung, Charles de Vilmorin, Robert Wun's sartorial, Robert Wun, Iris Van Herpen, Emmanuel Farge, Iris van Herpen, Victor Virgile, ArdAzAei, Bahareh Ardakani, Viktor, Rolf’s, Rolf's, Rahul Mishra’s, , Dior, Alexis Stone’s, Miranda Priestley, Cristobal Balenciaga’s, Jean Paul Gaultier, Swan, Jean, Paul Gaultier, Courrèges Nicolas Di Felice, tulle Organizations: CNN, Paris Fashion, Couture, Paris CNN —, Paris’s Institut, Institut Marie Curie, Olympic Locations: Paris, Patou, India
To help you browse the best ones going on now, I've rounded up the best 4th of July sales below. The best 4th of July electronics and appliances sales Appliances and electronics are notorious for their hefty price tags, which makes sales like these priceless. In time for the warming weather, I'm seeing some great price drops on air conditioner picks from our guides to the best portable air conditioners and the best air conditioner units. Burrow The best 4th of July home and kitchen dealsIt's a good time to buy furniture, whether you're shopping for indoor or outdoor pieces. SaatvaThe best 4th of July mattress dealsMattresses are on sale most of the year, it's true.
Persons: it's, We'll, BioLite, Abt Friedrich, Friedrich, AJ, AJ Madison Traeger, TCL, Rumpl, Kit, Burrow, Lauren Savoie, Hannah Freedman, Cha, they're, you'll Organizations: Business, Ikea's, Steam, LG, GE, Amazon Prime, Abt, eBay, Energy, AJ Madison, Independence, Samsung, Apple AirPods, Apple, Amazon, GE Gaming, Day, tote Locations: Burrow, Kyusu, Cha Kyusu, Brooklyn, Lo
Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.
Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe,, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Fed seems to be winning the inflation war, asset management firm saysAbdul Kadir Hussain of Arqaam Capital Asset Management says it's likely that "rates have peaked for the year" but "the question is what is the quantum."
Persons: Abdul Kadir Hussain, it's Organizations: U.S, Management
To help you browse the best ones going on now, I've rounded up the best 4th of July sales below. Appliances including air conditioners and outdoor fire pits are down to excellent prices for the 4th of July. In time for the warming weather, I'm seeing some great price drops on air conditioner picks from our guides to the best portable air conditioners and the best air conditioner units. EcoFlow Wave 2 Portable Air Conditioner $1,199.00 $2,237.00 Save 46% The EcoFlow Wave 2 is the best battery-powered portable air conditioner we've tested. RumplThe best 4th of July outdoor and camping dealsSeveral stores are welcoming the warm weather and end of the school year by dropping prices on outdoor essentials, from accessories to full-size tents.
Persons: it's, We'll, BioLite, TCL, Rumpl, Kit Organizations: Business, Ikea's, Steam, LG, GE, Amazon Prime, Energy, Independence, Amazon, REI Locations: REI Outlet
Richard Hatch was searching the card catalog of the Sterling Memorial Library at Yale, hunting for intriguing titles under the subject heading “Magic.” It was 1979, and Hatch was a young graduate student in physics, but he’d long nurtured an amateur’s passion for the conjuring arts and, on this day at least, he preferred to read about sleight of hand than quantum mechanics. His rummaging stopped when he spotted a title called “Die Juden in der Zauberkunst.” Hatch had spent four years of his youth in Germany so he translated it instantly: “Jews in Magic.” The card said the book was written by someone named Guenther Dammann and published in Berlin in 1933. A book about Jews in magic, from Germany, in the very year that the Nazis assumed power and started burning “un-German” books in bonfires across the country. It seemed obvious. This was an antisemitic tract, identifying Jews to make it easier for the government to persecute them and the public to shun them.
Persons: Richard Hatch, Hatch, ” Hatch, Guenther Dammann Organizations: Sterling Memorial Library, Yale Locations: der Zauberkunst, Germany, Magic, Berlin
U.S. is closer to curbing investments in China's AI, tech sector
  + stars: | 2024-06-22 | by ( )   time to read: +4 min
Public comments on the proposed rules will be accepted until Aug. 4. watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern. Treasury had mapped out the contours of the proposed rules in August. Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said. "U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.
Persons: Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's Organizations: U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S Locations: Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington
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