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Without Peter Thiel, Vance does not get anywhere near the US Senate. And in Silicon Valley, the conservative movement is much stronger, and more muscular than it was before. AdvertisementThere's this narrative, promoted by people like Thiel, that Silicon Valley is super-liberal. Because Silicon Valley has conservative roots in addition to roots in the counterculture. AdvertisementLike I said, the liberal nature of Silicon Valley has always been sort of overplayed.
Persons: , I'm, Donald Trump, Vance, Peter Thiel —, Max Chafkin, who's, Thiel, Peter Thiel's, Trump, JD Vance, Narya, It's, supercharge, Bill Pugliano, David Sacks, Peter Thiel, revel, that's, he's, Elon Musk, Marc Andreessen, They're, Elon Musk's, Apu Gomes, Steve Jobs, Ben Horowitz Organizations: Service, Republican, Trump, Business, Bloomberg Businessweek, Republican National Convention, YouTube, Ohio Senate, The, Thiel, Twitter Locations: Silicon Valley, Mithril, Narya, Ohio, West Coast, , America, Silicon, San Francisco
Read previewWith a few pen strokes, Donald Trump could make many of Elon Musk's problems go away. But Musk also stands to gain with a new administration controlling federal regulations. But with Trump as president, Musk wouldn't even need to dismantle the so-called "administrative state" to get federal agencies out of his way. As president, Trump could direct the Justice Department and other executive agencies to drop any actions against Trump and his friends' businesses, Gernhardt told BI. Existing federal laws from the EPA and Department of Interior could be relaxed, Blanchard said.
Persons: , Donald Trump, Elon, Musk, Joe Biden, Trump, JD Vance —, Michael Gerhardt, Gernhardt, Jilian Blanchard, Blanchard, Gerhardt Organizations: Service, Business, University of North, SEC, SpaceX, Justice Department, Good Government, National Environmental, EPA, Department of Interior, Securities, Exchange Commission, Twitter, Interior Department Locations: Ohio, Silicon, University of North Carolina, Chevron, Texas
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOn Friday, Barstool Sports Founder Dave Portnoy blasted Sen. JD Vance's idea of taxing childless adults at a higher rate than parents with children. "Let's tax the things that are bad, and not tax the things that are good," Vance, now Donald Trump's running mate, said at the time. Sounds like a moron," Portnoy wrote on X. Related storiesHaving been selected as Trump's running mate, Vance is now in a strong position to lead the party after a second Trump term.
Persons: , Dave Portnoy, Sen, JD, Charlie Kirk, Vance, Donald Trump's, you've, Portnoy, — Dave Portnoy, Roe, Wade, Trump Organizations: Service, Barstool, Business, ABC News, Child Tax, Democrats, Republican, New, Trump Locations: Ohio
'Fool's effort' to predict Trump's behavior: Think tank
  + stars: | 2024-07-26 | 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 Email'Fool's effort' to predict Trump's behavior if he wins presidency: Asia Society Policy InstituteDaniel Russel, vice president for international security and diplomacy at the Asia Society Policy Institute, discusses the outlook for U.S. foreign policy in the event of a second Trump presidency.
Persons: Daniel Russel Organizations: Asia, Policy, Asia Society Policy Institute, Trump
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Former President Donald Trump on Friday vowed to hold another campaign rally in the same area of Pennsylvania where he survived an assassination attempt less than two weeks earlier. Trump said the forthcoming rally in Butler will honor Corey Comperatore, a firefighter who was killed in the July 13 attack, as well as others who were injured. Trump's campaign plans to hold indoor rallies in light of the assassination attempt, sources familiar with the campaign told NBC News. The U.S. Secret Service has reportedly advised Trump's campaign to stop holding outdoor rallies.
Persons: Donald Trump, Trump, Butler, Corey Comperatore, Ronny Jackson, Christopher Wray, Trump's Organizations: White House, Republican, NBC News, Secret Service Locations: Butler , Pennsylvania, U.S, Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Scott on the state of crypto, 2024 election and GOP economic prioritiesSenate Banking Committee ranking member Sen. Tim Scott (R-S.C.) joins 'Squawk Box' to discuss former President Trump's scheduled appearance at the bitcoin conference in Tennessee this weekend, state of the 2024 election, GOP economic priorities, and more.
Persons: Email Sen, Scott, Sen, Tim Scott, Trump's Organizations: Email Locations: Tennessee
Trump's former staffer said that he would have been better off with Nikki Haley as his running mate. Anthony Scaramucci said he thought Trump made a "really bad decision" choosing JD Vance as his VP. However, Trump has publicly supported Vance, saying he's "doing a fantastic job." AdvertisementFormer President Donald Trump could've done much better than Sen. JD Vance of Ohio as his running mate, his former communications director said. Speaking to CNN on Thursday, Anthony Scaramucci said that Trump stands a higher chance against Vice President Kamala Harris with Nikki Haley as his running mate.
Persons: Trump's, Nikki Haley, Anthony Scaramucci, Trump, JD Vance, Vance, he's, , Donald Trump, Sen, Ohio, Kamala Harris, Scaramucci Organizations: Service, CNN, Business
Read previewNearly two weeks after former President Donald Trump selected JD Vance to be his running mate, it's safe to say the Ohio senator is struggling. His polling is the worst of any non-incumbent vice presidential nominee in decades. Related storiesThat lack of familiarity is a key reason that the memes about Vance having sex with a couch have taken off. By Thursday, social media was awash with memes riffing on the notion that Trump's vice presidential nominee had once fornicated with a couch. In Vance's case, the meme seems to be an ironic stand-in for other issues that voters may have with the Ohio senator, even if they know he probably didn't have sex with a couch.
Persons: , Donald Trump, JD Vance, they've, he's, Vance, MAGA, Joe Biden, they're, Blake Masters —, it's, — JD Vance, @JDVance, Kamala Harris —, Tucker Carlson, I've Organizations: Service, Business, Trump, Associated Press, Democratic, CNN, Ohio, Senate, GOP Locations: Ohio, Arizona, New York
"I think, with respect to former President Trump, there's some question about whether or not it's a bullet or shrapnel that, you know, hit his ear," Wray said. Jordan followed up, "It's my understanding that the very first one was the one that hit the president. "As I sit here right now, I don't know the answer to that. Trump, the Republican presidential nominee, appointed Wray as FBI director in 2017. AdvertisementAdditionally, Diaczuk told BI that it's most likely that it was, in fact, a bullet that hit Trump's ear instead of shrapnel.
Persons: , Donald Trump, Christopher Wray, Trump, Wray, Jim Jordan, Thomas Matthew Crooks, Jordan, Steven Cheung, Peter Diaczuk, John Jay, Diaczuk, it's, Ronny Jackson Organizations: Service, Republican, Committee, Business, New, John, John Jay College of Criminal, Rep Locations: Butler , Pennsylvania, Ohio
Read previewManhattan prosecutors are fighting to keep Donald Trump's September 18 hush-money sentencing on track, saying in a new filing Thursday that it was "harmless error" if evidence he's now immune from entered the case. But Trump would have been indicted and convicted even if evidence the defense calls "official" were removed, the filing adds. AdvertisementThe filing argues that Trump is wrong in now stamping much of the prosecutor's case "official act evidence." But these tweets describe unofficial acts unrelated to Trump's official duties, and for which he has no immunity, the prosecution filing now argues. Lawyers for Trump did not immediately respond to requests for comment on the prosecution filing.
Persons: , Donald Trump's, Attorney Alvin Bragg, Trump, Stormy Daniels, SCOTUS, Donald Trump, Jane Rosenberg, Bragg, Matthew Colangelo, Daniels, Michael Cohen, Hope Hicks, Trump's, Cohen, Madeleine Westerhout, caselaw, Juan Merchan Organizations: Service, Attorney, Business, Trump Organization, Manhattan, White House, Trump Locations: Manhattan
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Manhattan judge who ordered Donald Trump to pay a nearly $500 million fraud judgment has declined — in no uncertain terms — the former president's demand that he recuse himself from the case over a brief hallway conversation. The sum owed by Trump accrues another $1 million in interest every nine days, and had reached $471 million by Thursday. Engoron did not mince words in saying on Thursday that he would not step down over "this 90-second, unsolicited diatribe." Lawyers for Trump and Bailey did not immediately respond to requests for comment.
Persons: , Donald Trump, Arthur Engoron, Trump, Engoron, Adam Leitman Bailey, Bailey, defamatorily, Read Organizations: Service, New, Business, Trump, Trump Organization
Read previewVice President Kamala Harris' campaign is in the process of choosing her running mate, and who she chooses will provide insight into her battle plan for November. With 20 electoral votes, winning the battleground state will likely be a crucial part of both former President Donald Trump and Harris' campaign. Choosing Shapiro, the state's governor, who has proven he can win in Pennsylvania, could significantly bolster Harris' ticket there, Gift said. Kevin Fahey, an assistant professor of political science at the University of Nottingham, agrees but told BI that a Shapiro pick may indicate some trepidation in Harris' campaign. Plus, he's already been an attack dog against Trump's running mate, Sen. JD Vance, going after him for his Appalachian credentials.
Persons: , Kamala Harris, Josh Shapiro, Roy Cooper of, Andy Beshear, Sen, Mark Kelly of, Joe Biden —, Harris, Shapiro, Cooper, Donald Trump, Thomas, Chuck Rocha, Rocha, it's, Kevin Fahey, Fahey, Beshear, Biden, JD Vance, Kelly, David Barker, Barker, they'd, Kelly wouldn't, Barry Burden, Burden, Trump Organizations: Service, Pennsylvania, Business, Electoral, Trump, University of Nottingham, Republican, American University's Center, Congressional, Presidential Studies, University of Wisconsin Locations: Roy Cooper of North Carolina, Kentucky, Mark Kelly of Arizona, Pennsylvania, Philadelphia, Pittsburgh, Alabama, Michigan, Wisconsin, Georgia, Arizona, Upper Midwest, North Carolina, Nevada, California, West, Madison, — Pennsylvania
While Trump insists he's sticking with Vance, the senator's poor polling combined with Vice President Kamala Harris' momentum has led some to ask: Could Trump replace Vance? The Democratic and Republican National Committees have separate rules governing how they fill vacancies of presidential or vice presidential nominees. Related stories"I think sometimes what people forget is that people start voting in September," Dacey told Business Insider. It would be, he said, "extraordinarily disruptive" both logistically and politically to replace Vance as the vice presidential nominee. In 2020, there were rumors he would replace former Vice President Mike Pence on his ticket.
Persons: , Sen, JD Vance, Donald Trump's, Trump, Vance, Kamala Harris, Amy Dacey, Dacey, Kenneth Mayer, Mayer, Glenn Youngkin, Harris, Mike Pence, he's, George McGovern, Thomas Eagleton of, Eagleton, McGovern Organizations: Service, Trump, Republican Party, Business, Democratic, Republican National Committees, Republican National Committee, Democratic National Committee, Sine Institute of Policy, American University, University of Wisconsin -, CNN, Punchbowl, Republican National Convention, Gov, Fox News Locations: Ohio, University of Wisconsin - Madison, Virginia, Thomas Eagleton of Missouri
US Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th National Convention in Houston, Texas, on July 25, 2024. Vice President Kamala Harris in a fiery speech Thursday blasted the policy agenda of former President Donald Trump as one of "chaos, fear and hate," after telling members of the nation's second-largest teachers' union that she was running for president because of her first-grade public school teacher and "many people like you." Are you ready to elect the next president of the United States?" "Is because of Mrs. Frances Wilson and so many people like you that I stand before you as vice president of the United States, and because I am running to become president of the United States," she said. Harris said that teachers like Wilson "are visionaries, you have a vision of the future ... you see the potential in every child."
Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, Biden, Randi Weingarten, Weingarten, Frances Wilson, Mrs, Wilson Organizations: American Federation of Teachers, National Convention, Democratic, Republican, American, Trump, Oval Office, AFT Locations: Houston , Texas, Houston, United States, America
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Donald Trump on Thursday said Elon Musk "never told me" he would pledge $45 million a month to support Trump's presidential bid, days after the Tesla and SpaceX CEO denied a report that he would do so. "Somebody told me he was going to give me 45 million [dollars] a month. I said, 'That sounds like a lot, even for Elon, that's a lot,'" the Republican presidential nominee said. But Musk "never told me he was giving [$45 million]," he said.
Persons: Donald Trump, Elon Musk, Trump, Biden, Joe Biden, Kamala Harris, Musk, Joe Lonsdale, Jordan Peterson Organizations: SpaceX, Musk, Fox News, Elon, Republican, Democratic, Trump, Street Locations: Charlotte , North Carolina, U.S
Melania Trump speaks from the podium on the first night of the Republican National Convention in Cleveland, Ohio, on July 18, 2016. Former first lady Melania Trump's upcoming memoir will hit bookstores on Sept. 24, her publisher tells CNBC, just weeks before the presidential election on Nov. 5. Her husband, former President Donald Trump, will face the de facto Democratic nominee, Vice President Kamala Harris. "The former First Lady invites readers into her world, offering an intimate portrait of a woman who has lived an extraordinary life," the release goes on to say. Born and raised in Slovenia, Melania Trump moved to the U.S. in 1996 to work as a model, and met Donald Trump in 1998.
Persons: Melania Trump, Melania, Donald Trump, Kamala Harris, Barron Trump Organizations: Republican National Convention, CNBC, Democratic Locations: Cleveland , Ohio, Slovenia
The small-cap-heavy Russell 2000 will jump 15% or more in August, Fundstrat's Tom Lee told CNBC. Expectations of a Trump White house are also helping drive small-cap buying, Lee added. Fundstrat's Tom Lee told CNBC that the small-cap-focused Russell 2000 is likely to gain 15% or more through August, if history is any guide. Lee says the market's certainty in upcoming interest-rate cuts — expected to commence in September — is helping drive the small-cap rally. "The nine times it did that since 1979, when you were in a bear market, we were up 100% — one month, three months, six months, 12 months later," he said.
Persons: Russell, Fundstrat's Tom Lee, Lee, , It's, He's, Donald Trump Organizations: CNBC, Trump, Service, tanking, Barclays
According to Prasad and other experts, Harris' approach to China would likely be similar to that of Biden. Trump's biggest diversion from Biden-era trade policy would likely be tariffs levied on China. The Trump administration reached a "phase one trade deal" with China in 2019, but few terms were honored and subsequent phases never materialized. Tech warwatch nowThe Biden administration also announced rules limiting U.S. investment in Chinese firms developing sensitive technologies, citing national security concerns. She said channels for the two countries to discuss policy issues decreased significantly during the Trump administration, whereas the Biden administration emphasized its diplomatic engagement efforts.
Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Joe Biden, Eswar Prasad, Kamala Harris, Biden, Prasad, Harris, Biden —, Stephen Weymouth, Economist Stephen Roach, William Reinsch, Scholl, Reinsch, JD Vance, Arthur Dong, Chris Miller, Miller, Rorry Daniels Organizations: Van, Getty, House, CNBC, U.S, Cornell University, Trump, International Monetary, Georgetown University, Economist, Center for Strategic, International Studies, Beijing, Georgetown, Tech, Asia Society Policy Institute Locations: Grand Rapids , Michigan, China, Beijing, Ohio, Washington, U.S, Japan, Netherlands
Breaking down Trump's 'tariffs-for-tax cuts' plan
  + stars: | 2024-07-24 | by ( Robert Frank | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBreaking down Trump's 'tariffs-for-tax cuts' planCNBC’s Robert Frank joins 'Squawk Box' to break down former President Trump's 'tariffs-for-tax-cuts' tax plan.
Persons: Robert Frank, Trump's
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) were rocked by geopolitical developments from the U.S. last week, even as the firm reported earnings that beat expectations. TSMC and other semiconductor shares fell last Wednesday after reports of potentially tighter restrictions surfaced. Price target hikes for TSMC Over July 18 and 19, after those developments, 22 of 42 analysts who cover TSMC's Taiwan-listed shares hiked their price targets for the stock, according to FactSet. None reduced or left the price target unchanged. Analysts gave the stock potential upside of 30.5% based on the consensus price target.
Persons: Biden, TSMC's, Donald Trump, TSMC, Needham, Morningstar, Morgan Stanley, — CNBC's Michael Bloom, Arjun Kharpal Organizations: Taiwan Semiconductor Manufacturing Company, U.S, Bloomberg, Revenue, North America, Taiwan, CNBC, U.S . Needham, Management Locations: China, North, Taiwan, U.S, TSMC
Trump's tariffs-for-tax cuts plan: Who stands to benefit?
  + stars: | 2024-07-24 | 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 EmailTrump's tariffs-for-tax cuts plan: Who stands to benefit? Richard Stern, Heritage Foundation Center for the Federal Budget director, and Mary Lovely, Peterson Institute for International Economics senior fellow, join 'Squawk Box' to discuss former President Trump's 'tariffs-for-tax cuts' plan.
Persons: Richard Stern, Mary Lovely, Trump's Organizations: Heritage Foundation Center, Federal Budget, Peterson Institute for International Economics
Even politicians want to have a 'brat' summer
  + stars: | 2024-07-24 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +4 min
Read previewEven Kamala Harris wants to be a "brat" this summer. Harris is not the first politician to embrace the viral "brat summer" for political gain. So what exactly is a 'brat' summer? Social media has run with the idea of the "brat" summer, and the album's aesthetics have taken on a life of their own. Having a "brat" summer has become less about the album — and more about a state of mind.
Persons: , Kamala Harris, Harris, Kamala, Jeremy Corbyn, Joseph Okpako, Z, It's, Joe Biden, Donald Trump, Charli, Biden, President's, Katie Notopoulos Organizations: Service, Democratic, Business, Labour Party, UK's Greens, Fire, Trump Locations: British, Denmark
Vice President Kamala Harris and more than 30 Capitol Hill lawmakers are not planning to attend Israeli Prime Minister Benjamin Netanyahu's address to a joint meeting of Congress on Wednesday afternoon. It is Netanyahu's fourth address to Congress, the last of which took place in March 2015. This year, nine months into the Israel-Hamas war and the resulting humanitarian crisis in Gaza, Netanyahu's speech has become a lightning rod of controversy, triggering an eruption of protests in Washington. Harris' absence from Netanyahu's speech is a conspicuous departure from tradition, though it is not wholly unprecedented. Instead, Senate Foreign Relations Chairman Ben Cardin, D-Md., will preside over Netanyahu's joint address.
Persons: Benjamin Netanyahu, Kamala Harris, Benjamin Netanyahu's, Harris, Donald Trump's, Ohio Sen, JD Vance, Sen, Patty Murray, Ben Cardin, Cardin Organizations: Major, Jewish, Hamas, Capitol, Cannon, Republican, Trump, NBC News, NBC, Foreign, State Locations: Israel, Palestinian, Jerusalem, Gaza, Washington, D, United States
Read previewIt has been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. Habba and other Trump lawyers did not immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, the Trump Organization, and key longtime executives — remains on hold during Trump's appeal. Of that sum, Trump personally owes $471 million, as of Tuesday, including $17 million in post-judgment interest.
Persons: , Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Habba, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, Robert, Farina, Kise, Morian, James Organizations: Service, New, Business, Trump, Engoron, Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York
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