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☆ Disney will name Bob Iger’s replacement in early 2026
▼ + stars: | 2024-10-21 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +3 min

Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker. Yuki Iwamura / Bloomberg via Getty Images fileParker will step down after nine years on the Disney board “to focus on other areas” of his work, according to a Disney statement. The board fired Iger’s handpicked successor, Bob Chapek, in November 2022 after a turbulent tenure that lasted less than three years. He and the board haven’t decided if Iger will extend his board tenure past 2026, said the people familiar.

Persons: James Gorman, Mark Parker, Bob Iger, Gorman, Parker, “, James Gorman’s, —, ” Iger, “ I’m, ” James Gorman, Yuki Iwamura, Elliott Hill, John Donahoe, Disney, Morgan Stanley, Ted Pick, Iger’s, Bob Chapek, Iger, Jimmy Pitaro, Josh D’Amaro, Dana Walden, Alan Bergman —, Nelson Peltz Organizations: Disney, Nike, Bloomberg, Getty, CNBC, ESPN, Disney Entertainment, Iger

☆ Supreme Court rebuffs challenge to job protections for consumer watchdog leaders
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +4 min

The Supreme Court is visible on July 29, 2024 in Washington, DC. In an op-ed in The Washington Post, U.S. President Joe Biden laid out his proposed reforms to the Supreme Court including 18 year term limits for Supreme Court Justices and a new code of ethics for the court ahead of a speech tonight at the Lyndon B. Johnson Presidential Library in Austin, Texas. Lawyers for Democratic President Joe Biden's administration had urged the Supreme Court to turn away the appeal, arguing that the plaintiffs lacked the required legal standing to sue the agency and that their claims are foreclosed by Supreme Court precedent. The current Supreme Court, with a 6-3 conservative majority, has taken an expansive view of presidential powers in recent years and has shown skepticism toward broad authority for federal agencies. This case gives the conservative justices a chance to rein in or depart from Humphrey's Executor.

Persons: Joe Biden, Lyndon, Joe Biden's, Jeremy Kernodle, Donald Trump, Kernodle's, Franklin Roosevelt's, Ted Cruz, Darrell Issa Organizations: Washington Post, Supreme, Johnson Presidential, The U.S, Consumers, Research, U.S . Consumer Product Safety Commission, Consumers ' Research, Democratic, Republican, Circuit, Appeals, U.S . Federal Trade Commission, Republican U.S Locations: Washington , DC, Washington, Washington Post , U.S, Austin , Texas, The, Texas, United States of America, New Orleans, United States

☆ Disney makes the right pick to lead board as it searches for next CEO
▼ + stars: | 2024-10-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Iger's CEO contract currently runs until Dec. 31, 2026. Gorman joined Disney's board earlier this year and in August was named the lead of Disney's succession planning committee, which is tasked with finding Iger's replacement. In Nelson Peltz's unsuccessful proxy fight earlier this year, the activist investor took issue with how Disney's board previously handled succession. The firm's new CEO, Ted Pick, has "reaped some of the great success of Gorman," Jim added. Morgan Stanley shares soared to all-time highs last week after it reported top and bottom-line beats for its third quarter .

Persons: Bob Iger, James Gorman, Morgan Stanley, Mark Parker, Disney, Gorman, Iger, Bob Chapek, Nelson Peltz's, Jim Cramer, Jim, Ted Pick, Gary Hershorn Organizations: Disney, Nike, Wall, DIS, Club, CNBC, Hulu, ESPN, Magic, Walt Disney World, Corbis, Getty Locations: Orlando , Florida

☆ What we learned in the LCS round: Bullpen dominance, Soto significance, money talks
▼ + stars: | 2024-10-21 | by ( Rustin Dodd | Sam Blum | ) www.nytimes.com time to read: +8 min

Bring on the most anticipated World Series in recent memory. The bullpens could decide the World SeriesThe Yankees’ series victory over the Guardians offered two gifts for Yankee fans:The club’s first World Series appearance since 2009. Not bad for an outfielder who will turn 26 on Friday — on the opening day of the World Series. This is not the roster that Los Angeles thought would carry them to the World Series way back in March. Can Freddie Freeman get back on the field for the World Series?

Persons: Mariano Rivera, Cleveland’s Emmanuel Clase, Clase, Rivera, Nobody, Aaron Judge, Giancarlo Stanton, Juan Soto, Soto, Alex Gordon, Jayson Werth, Shin, Soo Choo, salivating, Cleveland’s Hunter Gaddis — Soto, It’s, He’s, Ted Williams, you’re, Tyler Glasnow, Clayton Kershaw, Alex Vesia, River Ryan, Gavin Stone, Bobby Miller, James Paxton, Tommy Edman, Walker Buehler, Freddie Freeman’s, Teoscar Hernández, Will Smith, they’d, they’re, Freddie Freeman, Harry, Freeman, Max Muncy, Dave Roberts, Luke Hales Organizations: Major League Baseball, Dodgers – Yankees, Phillies, Diamondbacks, Rangers, Dodgers, Yankees, League, Yankee, Yankees ’, Guardians, Washington Nationals, Baseball, Astros, Padres, Mets, Dodger, Atlanta Braves Locations: Angeles

But what was most impressive about this game was the Packers’ defense. Love has to be better and the offense will have better days, but the Packers defense was lights out. The Lions are the best team in the NFC at the moment, maybe even the best team overall. But the Lions looked like the best team in the division heading into the season, and they looked like the best team in the division on Sunday. He is on a pace to rush for 1,864 yards — his best season by far.

Persons: Saquon Barkley, Jeff Howe, Ted Nguyen, Dan Pompei, Jordan Love’s, C.J, Matt LaFleur, Jeff Hafley, Brett Favre, Love, Favre, Howe, I’m, Caleb Williams, Aidan Hutchinson, Will Aaron Glenn, Jared Goff, Goff, Brian Flores, he’s, Flores, Sam Darnold, he’ll, Williams, Barkley, aren’t, didn’t, They’ve, Andre Cisco, Trevor Lawrence, Brian Thomas Jr, Stephen Maturen Organizations: NFC, NFL, Giants, Jacksonville Jaguars, New England Patriots, The Athletic NFL, Packers, Texans, Stroud, Love’s Packers, AFC, Detroit Lions, Minnesota Vikings, Chicago Bears, Bears, Lions, Vikings, Detroit, New York Giants, Eagles, Patriots, Jaguars, Jacksonville, Indianapolis Colts Locations: London, Stroud, New York, Jacksonville

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ Trump thrusts McDonald’s into the political arena in final days of campaign
▼ + stars: | 2024-10-20 | by ( Steve Contorno | ) edition.cnn.com time to read: +7 min

CNN —Donald Trump is pulling one of the most iconic American companies – McDonald’s – into the political arena in the final days of his third White House bid. “I’m going to McDonald’s to work the french fry,” Trump told supporters Saturday at a rally in the Pittsburgh area. A campaign official told CNN that Harris worked at a McDonald’s in Alameda, California, during the summer of 1983 when she was still a student at Howard University in Washington. It’s unclear why Trump has latched on to Harris’ McDonald’s employment or why a visit there was warranted during one of his few remaining weekends before Election Day. “I think my father knows the McDonald’s menu much better than Kamala Harris ever did,” Trump Jr. said.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Harris –, “ I’m, ” Trump, ” Harris, Drew Barrymore’s, “, Bill Clinton, Jasmine Crockett, ”, Harris ’, Tim Walz, Barack Obama’s, Sen, Ted Cruz’s, John F, Kennedy, Nikki Haley, wasn’t, “ John Barron, shouldn’t, McDonald’s, “ You’re, Jared Kushner, ” Kushner, Donald Trump Jr, Harris didn’t, CNN’s Kristen Holmes, Kate Sullivan, Ebony Davis Organizations: CNN, White, Keystone, Democratic, Howard University, Convention, ” Texas, Minnesota Gov, White House, Republican, South Carolina Gov, Forbes, football, Mac, Fox News Locations: Pennsylvania, Pittsburgh, McDonald’s, Alameda , California, Washington, ”, East Palestine , Ohio, Burger

☆ Democratic senators are crushing their GOP opponents in the money race. They're still likely to lose their majority.
▼ + stars: | 2024-10-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

Related storiesIn the country's nine most competitive races, Democratic candidates raised an average of 2.8 times more than Republican candidates. AdvertisementAs of now, Democratic candidates have continued to lead in polling in every state where they're on defense — except for Montana. Tim Sheehy, the GOP Senate nominee in Montana, may be benefiting from the decline of "ticket-splitting." Eric Hovde, the GOP Senate nominee in Wisconsin, has poured millions into his own campaign. Republicans' "Senate Leadership Fund" raised $115.7 million in the most recent period, while Democrats' "Senate Majority PAC" raised $119 million.

Persons: they're, —, Kamala Harris, Sen, Joe Manchin's, Donald Trump, JD Vance, Harris, they've, Democratic Sen, Sherrod Brown outraised, Bernie Moreno, Elissa Slotkin, Mike Rogers, Ruben Gallego, Kari Lake's, Ted Cruz, Colin Allred, Tommy Garcia, Philip Letsou, Jon Tester, Tester, Tim Sheehy, Sheehy, Michael Ciaglo, Trump, Democrat —, Eric Hovde, Tammy Baldwin's, Scott Olson, Dave McCormick, Moreno, There's, aren't, Brown Organizations: GOP, Service, Democratic, Senate, Republican, Democratic Rep, Republicans, Democrats, Democratic Senatorial, Committee, National Republican, Big, Montana Democrat, Trump, Democrat, Buckeye State, Jobs, Banking Committee Locations: West Virginia, Montana, Arizona, Nevada, Ohio, Texas, Harris, Democrat — Wisconsin, Wisconsin, Pennsylvania

☆ Texas sues doctor and accuses her of violating ban on gender-affirming care
▼ + stars: | 2024-10-18 | by ( Karina Tsui | Associated Press | ) edition.cnn.com time to read: +3 min

Dallas AP —Texas has sued a Dallas doctor over accusations of providing gender-affirming care to youths, marking one of the first times a state has sought to enforce recent bans driven by Republicans. The Texas law prevents transgender people under 18 from accessing hormone therapies, puberty blockers and transition surgeries, though surgical procedures are rarely performed on children. Children’s Health said in a statement that it “follows and adheres to all state health care laws.”At least 26 states have adopted laws restricting or banning gender-affirming medical care for transgender minors, and most of those states face lawsuits. The lawsuit comes just weeks before an election in which Republicans have used support of gender-affirming health care as a way to attack their opponents. Greg Abbott, who was the first governor to order the investigation of families of transgender minors who receive gender-affirming care.

Persons: Ken Paxton, May Lau, Harper Seldin, ”, Seldin, ” Seldin, Lau, ” Paxton, Republican Sen, Ted Cruz, Colin Allred, Greg Abbott Organizations: Dallas AP, Texas, Republicans, Republican Texas, HIV, UT Southwestern Medical Center, UT Southwestern, Children’s Health, Republican, Democratic, Republican Gov Locations: Dallas, Texas, Collin County, The Texas, Arkansas, Florida, Montana . New Hampshire

☆ Pro-Trump forces flood airwaves with ads attacking Harris over past transgender stances
▼ + stars: | 2024-10-18 | by ( Steve Contorno | David Wright | ) edition.cnn.com time to read: +12 min

The Trump campaign put nearly $14 million behind the ad in the first two weeks of the month. The Trump campaign disputed the report. As pro-Trump advertisers have put more money behind ads attacking transgender policies, economic messaging has also been a consistent, though shifting, point of emphasis. Harris’ campaign did not respond to a request for comment. President Trump is for you.”Democrats in the presidential race have offered no defensive response.

Persons: Donald Trump, Kamala Harris, It’s, CNN’s KFile, Harris, “, ”, Bret Baier, Trump, –, ” Trump, Kamala, Harris ’, Wednesday’s Fox, Terry Schilling, Andy Beshear, Beshear, Glenn Youngkin, Rodrigo Heng, Lehtinen, ” “, ” Heng, wouldn’t, Chris LaCivita, Miriam Adelson –, MAGA, Colin Allred – who’s, Sen, Ted Cruz, Texas –, Ohio Sen, Sherrod Brown, DeWine, Allred, Brown, Schilling, ” Schilling, Heng, Joe Biden, Jennifer Agiesta, Alayna Treene, Kate Sullivan, Kristen Holmes Organizations: CNN, Republicans, Trump, Fox News, New York Times, of Prisons, Fox, Democratic Gov, Republican Gov, statehouse, Virginians, National Center for Transgender Equality, “, Gallup, Democratic Party, ”, Preserve America, Badger State, PAC, Democratic, GOP, White Locations: Washington, Kentucky, Virginia, Wisconsin, Texas, Ohio

☆ Everything to know about the true story of the 'Dating Game Killer' who inspired Netflix's new movie 'Woman of the Hour'
▼ + stars: | 2024-10-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

Netflix's new film "Woman of the Hour" is based on a true story about serial killer Rodney Alcala. In real life, Alcala competed on "The Dating Game" and won a date with bachelorette Cheryl Bradshaw. AdvertisementHere's what happened to the real Bradshaw and how she narrowly escaped being one of Alcala's victims. He later got the nickname "The Dating Game Killer." Since appearing on "The Dating Game," Bradshaw has kept a low profile and little is known about where she ended up.

Persons: Rodney Alcala, Alcala, bachelorette Cheryl Bradshaw, Bradshaw, —, Anna Kendrick, Sheryl, Daniel Zovatto, Rodney, Cheryl Bradshaw's, Ryan Murphy's, Lyle, Erik Menendez, Tali Shapiro, Shapiro, Michael Metzger, Metzger, Ellen Metzger, I'm, Alcala's, Ellen, Jed Mills, Mills, Ted Soqui, Robin Samsoe, Samsoe, Jill Barcomb, Georgia Wixted, Charlotte Lamb, Jill Parenteau Organizations: Service, ABC, Netflix, ABC News, Alcala, Sunday Telegraph, Getty, California Supreme, Associated Press Locations: Alcala, California, San Quentin, Georgia, New York . California, Corcoran

☆ After a well-received quarter, Cramer explains why he thinks Netflix can 'rock on higher'
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a siding with the bulls in the run-up to Netflix 's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content. Netflix beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening. The streaming giant's shares popped 11% Friday morning and maintained those gains through close. Cramer was encouraged by management's guidance for the current quarter and 2025, as the company expects to keep up double-digit revenue growth some investors feared would be hard to maintain. He also liked Sarandos' positive read on how AI will impact business.

Persons: CNBC's Jim Cramer, maul, Cramer, Ted Sarandos, Sarandos, Emily, I'm Organizations: Netflix, National Football League Locations: Paris

☆ 'Monsters' actor Leslie Grossman says she won't contact the real-life witness she plays, or visit the killers
▼ + stars: | 2024-10-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

"Monsters: The Lyle and Erik Menendez Story" adapts the murder trial of Lyle Menendez and Erik Menendez. AdvertisementLeslie Grossman said she purposely did not contact Judalon Smyth after being cast to play her in Netflix's "Monsters: The Lyle and Erik Menendez Story." "Monsters: The Lyle and Erik Menendez Story," which follows the 1990s trials of Lyle Menendez and Erik Menendez for the murder of their parents, saw early success too, topping Netflix's top 10 charts for two weeks. Judalon Smyth, played above by Leslie Grossman, was a witness in the Menendez brother's first trial. Cooper Koch, who played Erik Menendez in "Monsters," seems to be the only cast member to meet the real-life subjects of the show.

Persons: Lyle, Erik Menendez, Lyle Menendez, Leslie Grossman, Judalon Smyth, Grossman, Smyth, —, Jeffrey Dahmer, Menendez, Menendez brother's, Jerome Oziel, José Menendez, Kitty Menendez, Oziel, Ted Soqui, Cooper Koch, Richard J, Kim Kardashian, Kris Jenner, Khloe Kardashian, Koch, Variety, Ryan Murphy Organizations: Service, Netflix, BI, Getty, Variety, Donovan Correctional Locations: California

☆ 'Not everything in life is a conspiracy': Andy Kim rejects claim that he wore North Korean flag on his tie
▼ + stars: | 2024-10-17 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

Rep. Andy Kim, D-N.J., slammed a Trump delegate for accusing him of wearing the North Korean flag on his tie during a New Jersey Senate debate this week. “Why is US Senate candidate Andy Kim wearing a North Korea flag on his tie tonight?” the delegate, Mike Crispi, wrote on X about Kim’s matchup Tuesday against Republican opponent Curtis Bashaw. … Why didn’t you wear an American flag tie?” Crispi said in the video, adding that the pattern resembled the North Korean and Costa Rican flags. “If elected, I’ll be first Korean American senator after 120 years of Koreans in America,” Kim wrote on social media. “Dear MAGA @MikeCrispi: That is not the North Korean flag,” Lieu wrote.

Persons: Andy Kim, Mike Crispi, Curtis Bashaw, Kim, ” Kim, Crispi, ”, ” Crispi, Dave Min, I’ll, ” Bashaw, Ted Lieu, “, MAGA, ” Lieu Organizations: Trump, Korean, New, New Jersey Senate, Republican, NBC News, NBC, Democrat, Police Locations: New Jersey, Korea, Asian American, North Korea, Costa Rican, United States of America, United States, Orange County , California, America, East Coast, Korean

LOS ANGELES — Los Angeles County District Attorney George Gascón told NBC News on Wednesday he hopes to make a decision within 10 days about whether to recommend resentencing for the Menendez brothers — and that, if he does, it’s possible they could be out of prison by the end of the year. Erik and Lyle Menendez are serving life sentences without parole for the 1989 shotgun slayings of their parents, José and Mary Louise “Kitty” Menendez, at their Beverly Hills home. Brothers Erik and Lyle Menendez. Ted Soqui / Sygma via Getty Images fileThe brothers were first tried together in 1993, but the jury deadlocked. Although Gascón said he is still contemplating whether to recommend resentencing, his public comments increasingly suggest he is open to it.

Persons: George Gascón, Menendez, —, ” Gascón, ”, Erik, Lyle Menendez, José, Mary Louise “ Kitty ” Menendez, Lyle, Anamaria, José Menendez’s, Gascón, “, Brothers Erik, Ted Soqui, “ I’ve, ” Roy Rossello, “ Menendez, José Menendez, Peacock, Kathy Cady, Milton Andersen, Kitty Menendez's, ” Cady, Erik Menendez, Laurie Levenson, ” Levenson, resentencing, “ We’re Organizations: ANGELES, NBC News, Los Angeles Hall of, Beverly, Getty, Prosecutors, NBCUniversal, Netflix, Loyola Law School Locations: Los Angeles County

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

☆ GOP megadonors open their wallets for Trump: From the Politics Desk
▼ + stars: | 2024-10-16 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

Three Senate Democratic candidates — Ohio Sen. Sherrod Brown, Maryland’s Angela Alsobrooks and Michigan Rep. Elissa Slotkin — raised more than four times as much as their Republican opponents during that period. In 2016, Trump lost the core Democratic states by 22 points, and in 2020, he lost them by 24 points. In this most recent poll, Trump was losing the core Democratic states by only 13 points. In 2016, Trump won the core GOP states by 18 points, and in 2020, his margin in the red states was 16 points. Read more → Follow live coverage from the campaign trail →That’s all from the Politics Desk for now.

Persons: Ben Kamisar, Bridget Bowman, Chuck Todd, Ben Kamisar Republican megadonors, Donald Trump, Kamala Harris, Miriam Adelson, Sheldon Adelson, Elon Musk, Marc Andreesen, Ben Horowitz, Ike Perlmutter, Richard Uihlein, Adelson, Harris, Musk, Trump, Horowitz, Perlmutter, Lara, Uihlein, Read, Ben →, lissa, ince, arris, huck, rena, huck →, hal, bate, Ted C Organizations: NBC, White House, Capitol, Electoral, Trump, Ben Kamisar Republican, Dallas Mavericks, Tesla, Marvel, Preserve, America, America PAC, Restoration PAC, Wisconsin Senate, Congressional, Trump MAGA Inc Locations: Preserve America, Maine, ried, ote

☆ Biden admin threatens to restrict Israel aid and Tyron McAlpin arrest under scrutiny: Morning Rundown
▼ + stars: | 2024-10-16 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

The Biden administration threatens to restrict military assistance to Israel over conditions in Gaza. The arrest of a deaf Black man with cerebral palsy in Arizona draws national attention. Harris also tried to belittle Trump, which could be an attempt to chip away at his appeal among male voters. She has ramped up efforts this week to appeal to Black male voters in particular. ➡️ “While Biden isn’t on the ballot anymore, voters are certainly feeling his presence,” NBC News chief political analyst Chuck Todd writes.

Persons: Biden, Omar Al, Yaov Gallant, Ron Dermer, Antony Blinken, Lloyd Austin, Israel, ” Harris, Trump, ’, Kamala Harris, Donald Trump, Vladimir Putin, Charlamagne Tha, Harris, ”, Putin, Bob Woodward, belittle Trump, Read, ➡️ Trump, Michelle Obama, Hakeem Jeffries, Republican Sen, Ted Cruz, Colin Allred, ➡️ “, Chuck Todd, ➡️ Harris, Tyron McAlpin, McAlpin, Rachel Mitchell, “, Menendez, Hurricane, Adriana Lima, Tyra Banks, Kate Moss, Khaled Desouki, Ramesses the, — Nick Duffy, Elizabeth Robinson Organizations: Biden, Getty, Israeli Defense, Strategic, U.S . State Department, Department, Americans, Trump, Fox, ➡️, Democratic, Republican, U.S, NBC, Phoenix, Phoenix Police Department, Kroger Locations: Israel, Gaza, Arizona, AFP, U.S, Iran, Lebanon, Georgia, ”, Texas, Oklahoma, Maricopa County, Los Angeles, Asheville, Nashville, Egypt

Republican Sen. Ted Cruz and Democratic Rep. Colin Allred traded quippy one-liners and clashed over policy Tuesday at their first and only debate in a Texas Senate race debate that both candidates agree is up for grabs. Cruz presented himself as a conservative who “will fight to keep Texas Texas,” while Allred cast Cruz as a do-nothing extremist who has not delivered for the state in his 12 years in the Senate. “When the lights went out in the energy capital of the world, he went to Cancún. If those two seats change hands to the Republican Party, Democrats will face long odds of keeping control of the chamber. Cruz went on offense over energy and blamed Democrats for inflation.

Persons: Sen, Ted Cruz, Colin Allred, quippy, Cruz, ”, Allred, “, ” Allred, ” Cruz, Allred’s zingers, Congressman Allred, Allred’s, he’s, Roe, Wade . Cruz, didn’t, sidestepped Organizations: Democratic, Texas Senate, Capitol, United States Senate, Republican, University of Houston, Marist College, Republican Party, NFL, U.S Capitol Locations: Texas, Texas Texas, Cancún, Mexico, West Virginia, Montana, Cruz

☆ Morgan Stanley CEO: Bullish on investment bank franchise that's in the early chapters of growth
▼ + stars: | 2024-10-16 | 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 EmailMorgan Stanley CEO: Bullish on investment bank franchise that's in the early chapters of growthTed Pick, Morgan Stanley CEO, joins 'Squawk on the Street' to discuss the biggest holdup for the capital market recovery, if interest rates will get to a level that will reignite the IPO market, and much more.

Persons: Morgan Stanley, Ted Pick

☆ Watch CNBC's full interview with Morgan Stanley CEO Ted Pick
▼ + stars: | 2024-10-16 | 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 EmailWatch CNBC's full interview with Morgan Stanley CEO Ted PickTed Pick, Morgan Stanley CEO, joins 'Squawk on the Street' to discuss the biggest holdup for the capital market recovery, if interest rates will get to a level that will reignite the IPO market, and much more.

Persons: Morgan Stanley, Ted Pick Ted Pick

☆ Morgan Stanley is about to report earnings — here's what to expect
▼ + stars: | 2024-10-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

In this articleTed Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $1.58 a share, according to LSEGRevenue: $14.41 billion, according to LSEGWealth management: $6.88 billion, according to StreetAccountTrading: Equities of $2.77 billion, Fixed Income of $1.85 billion, according to StreetAccountInvestment Banking: $1.36 billion, according to StreetAccountMorgan Stanley has several tailwinds in its favor. Finally, its Wall Street rivals have posted better-than-expected trading results, making it unlikely that the firm missed out on elevated activity. JPMorgan Chase , Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or investment banking.

Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, JPMorgan Chase, Goldman Sachs Organizations: LSEG Revenue, Wealth, Investment, JPMorgan, Citigroup Locations: Davos, Switzerland

Deep-pocketed Republicans donors also tried to close the gap by boosting a GOP super PAC working to seize the Senate majority. America PAC has taken on a critical supporting role for the Trump campaign, according to its independent expenditure filings, which cover some spending beyond September 30. Tuesday’s filings show other conservative billionaires also plowing extraordinary sums into the effort to reelect Trump. Another leading pro-Trump super PAC, Restoration PAC, also reported a huge haul from a single major donor. Meanwhile, the Congressional Leadership Fund – the main super PAC supporting House Republicans – hauled in more than $81 million in the third quarter.

Persons: –, Miriam Adelson, Elon Musk, Donald Trump’s, Adelson, – Musk, Richard Uihlein –, megadonors, Kamala Harris, Harris, Musk, Trump, reelect Trump, Sheldon, Uihlein, Ike Perlmutter, Laura, Biden, Michael Bloomberg, Reid Hoffman, Steve Mnuchin, Dana White, White, Chuck Schumer, JB Pritzker, Eric Schmidt, Reed Hastings, Ken Griffin, Elliott, Paul Singer, Stephen Schwarzman, Republicans –, Timothy Mellon, Montana Sen, Jon Tester, Ohio Sen, Sherrod Brown, Tim Sheehy, Brown, Bernie Moreno, Eric Hovde, Democratic Sen, Tammy Baldwin, Baldwin, Colin Allred, Sen, Ted Cruz, Cruz, Nathan L, Democrat Adam Gray, Michelle Steel, Democrat Eugene Vindman, Trump’s, Vindman, Mary Peltola, CNN’s Kristen Holmes Organizations: CNN, Trump, PAC, Federal, Commission, Adelson, Democratic, Republican, GOP, White, House . America PAC, America PAC, Preserve, America, Restoration PAC, FF PAC, FF, New York, LinkedIn, Republican National Convention, Fund, Illinois Gov, Netflix, Citadel, Elliott Management, Blackstone Group, Congressional, Republicans, The New York Times, Democrats, West, Senate, Ohio, – Rep, Democrat, Alaska Rep Locations: Pennsylvania, California, New York, Preserve America, Michigan, Wisconsin, Pennsylvania , Wisconsin, Georgia, Lago, Florida, Montana, Michigan , Pennsylvania, Arizona, Maryland, Republican, Texas, Virginia’s, District, Alaska

☆ We're raising our Morgan Stanley price target after a post-earnings stock surge to record highs
▼ + stars: | 2024-10-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank's top and bottom lines, with strength seen across the board. MS YTD mountain Morgan Stanley YTD Club stock Morgan Stanley was up 7.5%. Morgan Stanley outpaced expectations in just about every aspect of each operating division and put up very strong quarterly results in terms of firmwide key performance indicators. Given its 15.1% CET1 ratio, Morgan Stanley has plenty of excess capital at its disposal to both continue investing in growth and return excess capital to shareholders. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Sharon Yeshaya, Morgan Stanley repurchased, Goldman Sachs, Ted Pick, Morgan, Yeshaya, That's, Eaton Vance, Jim Cramer's, Jim Cramer, Jim, Bing Guan Organizations: Revenue, LSEG, Morgan Stanley YTD, Investment, Bloomberg, Institutional Securities, Bank of Japan, CNBC, Getty Locations: Wells Fargo

☆ Airbus plans to lay off up to 2,500 workers in its defense and space division
▼ + stars: | 2024-10-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

Airbus’ announcement comes against a backdrop of a global defense and space industry in flux, presenting both challenges and opportunities for companies. But large legacy defense firms like Airbus that should benefit from the boom in demand face stiff competition. Boeing said earlier this month that it would slash 10% of its global workforce over the coming months. The company’s own defense business posted a $913 million loss in the three months to the end of June. And in September, Ted Colbert, the head of the unit, called Defense, Space & Security, stepped down.

Persons: Mike Schoellhorn, —, ” Schoellhorn, Ted Colbert, Olesya Dmitracova Organizations: London CNN, Airbus, Boeing, Airbus Defence, Governments, Citi, Defense, Space & Security Locations: Ukraine, United States

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