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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump admin will lead to more stabilized relationship with China, says MSA Capital's Ben HarburgBen Harburg, MSA Capital managing partner, joins 'Squawk on the Street' to discuss what'll ultimately happen between the U.S. and China under Trump's administration, how monetary policy will play out in China, and much more.
Persons: Ben Harburg Ben Organizations: Capital, U.S Locations: China, Ben Harburg Ben Harburg
Read previewFor Wall Street, policy — not politics — is the motto leading up to November. Death and taxesUnsurprisingly, tax policy is at the top of money managers' minds, according to Frank Kelly, senior political strategist at DWS. The filibusterThere's an under-the-radar issue keeping portfolio managers up at night: the elimination of the filibuster, according to Kelly's conversations with clients. Wall Street analysts expect a very close election, and even a minute change could be enough to push the needle on the outcome for either candidate. Given how important gridlock is to the market, there's not enough conversation around the impacts of eliminating the filibuster, Kelly believes.
Persons: , Kamala Harris, Donald Trump, DWS, Frank Kelly, Harris, Trump, David Bianco, Bianco, Goldman Sachs, Chuck Schumer, Kelly, Monica Guerra, Morgan Stanley, Morgan Stanley Wealth Management's, it's, Jack Ablin, Washington doesn't Organizations: Service, Asset Management, Business, Trump, Jobs, DWS, Wall Street, Morgan Stanley Wealth, Cresset Capital Management, White, Washington, Democrats, Republicans Locations: DWS Americas
Read previewYou may already have a trip to an all-inclusive resort on the books, or perhaps you're still browsing. As a travel writer, I've stayed at almost 40 all-inclusive resorts in Mexico, the Maldives, the Caribbean, and more. If you're dining at a restaurant that offers both sit-down and buffet menus, remember that servers sometimes pull food straight from the buffet. Lounge chairs that are all claimed before breakfastAt all-inclusive resorts, I've seen guests wake up early to stake their claim on the best loungers on the beach or pool deck, only to leave for breakfast and return hours later. AdvertisementActivities without safety protocols in placeMost all-inclusive resorts have a ton of water activities available to book.
Persons: , I've, Kelly Magyarics, bartenders Organizations: Service, Business, buffets, Google Locations: lazing, Mexico, Maldives, Caribbean
A weakening jobs market could trigger a 10% stock correction, says Morgan Stanley CIO Mike Wilson. He told Bloomberg that if non-farm payrolls fall under 100,000, it could break the soft-landing narrative. AdvertisementThe job market could make or break stocks, with any sudden weakness possibly triggering a meaningful correction, Morgan Stanley CIO Mike Wilson told Bloomberg TV. Mike Wilson said. For this reason, current market highs make sense, he told Bloomberg, as investors load in on quality on growth trades.
Persons: Morgan Stanley, Mike Wilson, Wilson, Organizations: Bloomberg, Treasury, Service, Federal Reserve
SUNRISE, Fla. (AP) — There’s a question that Florida Panthers general manager Bill Zito likes to ask people. “Bill takes in all opinions, but he does what he thinks is right,” Panthers coach Paul Maurice said. “We travel with this really high-end coffee maker,” Tkachuk said when told of Zito’s belief that good coffee is vital. He’s really involved with helping us with whatever we need, but he’s not overly involved like where he’s in your face every day. “Those players are committed and committed to winning and being selfless, who are really, really good people.
Persons: , Bill Zito, , Zito, He’ll, ” Zito, That's, he’s, It’s, Bill, Paul Maurice said, Matthew Tkachuk, Jonathan Huberdeau, Tkachuk, Vladimir Tarasenko, Gustav Forsling, , Aleksander Barkov, Sam Pollock’s, Matthew Caldwell, Aaron Ekblad, Sergei Bobrovsky, ” Tkachuk, Vincent Viola, Viola, it’s, He’s, FanDuel, Vinnie, ___ Organizations: Florida Panthers, Panthers, NHL, ” Panthers, Tkachuk, , Montreal Canadiens, Milwaukee Brewers, Yale, USA Hockey, Locations: Fla, Florida, Ottawa, Finland, Wisconsin, Columbus, It’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeopolitical events could temporarily boost oil: Citi's Max LaytonMax Layton, Citi global head of commodities research, joins 'Money Movers' to discuss why events in the Red Sea haven't had a major impact on oil prices, how significant the oversupply is in the oil markets, and what'll happen with oil prices this year.
Persons: Max Layton Max Layton Organizations: Citi
The layoffs hit Prime Video and the Amazon MGM Studios division, with many of the cuts related to Amazon's $8.5 billion acquisition of MGM in 2022, the second biggest deal in the tech giant's history. The layoffs, combined with other factors straining the entertainment business — from strikes to content spending pullbacks — have heightened concerns about the future of the company's entertainment ambitions. These are the questions that came up the most about that future, according to conversations with six people close to Prime Video and Amazon MGM Studios. As part of the layoffs, two MGM teams were integrated under Chris Brearton, a business-side exec who joined Amazon with the MGM acquisition in 2022. How will sports impact original content spending?
Persons: what's, Jen Salke, Freevee, didn't, Who's, Chris Brearton, Salke, Mike Hopkins, What'll, there's Organizations: Amazon, Amazon MGM Studios, MGM, Amazon's, Hollywood Reporter, Hollywood, Diamond Sports, MLB, NHL, NBA Locations: Salke, Africa, MENA, Northern, Central
Al Drago | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, Chair Jerome Powell left the door open to a subsequent rate hike, saying the central bank will make decisions "meeting by meeting." At his post-meeting press conference, Chair Jerome Powell, in other words, deftly negotiated expectations from market bulls and bears, and somehow managed to reaffirm the case of both camps. The "hawkish" part will please the bears, while the "hold" portion will appeal to the bulls.
Persons: Jerome Powell, Al Drago, Hong, Mukesh Ambani, Dow, that's, , Powell, Frances Donald, CNBC's Fred Imbert, that'd Organizations: US Federal Reserve, Market, Bloomberg, Getty, CNBC, Federal, Dow Jones, Samsung Electronics, Wall, Revenue, Reality Labs, BlackRock, India BlackRock, Jio Financial Services, CNBC Pro, Manulife Investment Management, Nasdaq, Dow Locations: Washington , DC, Asia, Pacific, Indian
If you want to rile up a San Francisco native, mention the doom loop. But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.
Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville
How to save San Francisco
  + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +18 min
But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. Paul Chinn/The San Francisco Chronicle via Getty ImagesThis is just a matter of good old-fashioned supply and demand. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.
Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville
Meta has officially debuted its Twitter-like messaging app Threads, which the company is pitching as Instagram's "text-based conversation app." Mark Zuckerberg, Meta's CEO and co-founder, announced the debut of Threads on Wednesday, marking the official release of the social networking giant's new text-focused messaging app. The Threads app is now available to download for free on the Apple App Store and Google Play online store in over 100 countries, Meta said in a blog post. Many Instagram users were also recently able to obtain invitations to access Threads from within their Instagram accounts. Although Threads is linked to Instagram, with users able to use their existing Instagram usernames, the messaging service is a separate app that people will need to download.
Persons: Mark Zuckerberg, Elon Musk, Meta, Instagram Organizations: Tech, Meta, SpaceX, Apple
Meta's new Twitter rival Threads was accessible from desktop for a few hours on Wednesday. The launch for the app is set for July 6, but profiles were visible on browser before Meta shut down access. Instagram's new Threads app was briefly visible from desktop on Wednesday, before Meta limited access. Rumors about the app have been swirling for months, and the app appeared on app stores over the weekend, as well as for "pre-download" starting July 3. Zuckerberg's first post on the Threads platform reads: "Let's do this.
Persons: Mark Zuckerberg, Adam Mosseri, Elon Musk, Zuckerberg's, Sydney Bradley Mosseri, We're, Meta execs, Marcos Mion, Alok, Becky Excell, Instagram Organizations: Meta, Twitter, Sydney, ActivityPub, Netflix, influencers Locations: Brazil
Meta Platforms ' (META) new social media app is set to rival Twitter at a time when the Elon Musk-owned microblogging app is facing fresh upheaval. Meta's latest social networking app, Threads , is expected to go live Thursday, according to Apple's App Store. Twitter users have responded angrily to Musk's latest restrictions on the platform, and many appear to be looking for new alternatives — potentially making Zuckerberg's Threads an attractive option for disgruntled Twitter users. Bottom line We couldn't think of any company other than Meta Platforms, under the leadership of Zuckerberg, to take on Twitter. This photo illustration created in Washington, DC, on July 5, 2023, shows the logos for Threads, an Instagram app, and Instagram.
Persons: Elon, Zuckerberg, Jim Cramer, it's, Musk, hasn't, Jim Cramer's, Jim, Stefani Reynolds Organizations: Twitter, Elon Musk, Meta, Facebook, Tesla, The New York Times, CNBC, AFP, Getty Locations: Washington ,
Instagram's new text-based app, Threads, is now available for pre-order in the US App Store. The company invited some influencers to test out the app ahead of its official July 6 launch. Read the exact 4-page onboarding guide Meta sent select creators, which was shared with Insider. Meta employees are hard at work onboarding creators and other public figures to its new text-based app, Threads, ahead of its official release later this week. Three influencer industry professionals told Insider that they received an early-access email from Meta this week inviting them to test Threads.
Persons: Meta, Instagram, Connor Franta, Gary Vaynerchuk —, Gary Vee —, Oprah Organizations: Meta, Twitter
Instagram's new Twitter-like app, called Threads, is now available for pre-order in the US. The app is expected to officially drop July 6, according to its App Store description. The app, called Threads, is expected to officially drop July 6, according to its App Store description. Over the weekend, several people spotted that the new app was listed on the Google Play app store for Android. The app description currently reads:"Say more with Threads — Instagram's text-based conversation appThreads is where communities come together to discuss everything from the topics you care about today to what'll be trending tomorrow.
Persons: Alessandro Paluzzi, Alex Heath, Chris Cox, Jack Dorsey, Instagram, Sydney Organizations: Instagram, Morning, Google, Android, Twitter, Sydney Bradley Locations: Italian
Now the Threads app has been spotted on the Google Play app store in Europe. After months of rumors, Instagram's Twitter rival may be hitting the app store soon. Over the weekend, several people spotted that a new app called "Threads" was listed on the Google Play app store for Android. A link to the desktop version of the Google Play app store appears to only be available in European countries, such as Italy, France, Spain, and Germany. The Threads app is currently listed on the Google Play app store in European countries.
Persons: Instagram, Alessandro Paluzzi, Alex Heath, Chris Cox, Oprah, Mark Zuckerberg, Adam Mosseri, Eric Wei, We've, Wei, Daniel Morgan, Sydney, Marta Biino Organizations: Instagram, Google, Morning, Twitter, Android, Meta, Synovus, Sydney Bradley Locations: Europe, Italian, Italy, France, Spain, Germany, Meta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should look for Meta's ad revenue in earnings, says 01 Advisors' FischerDavid Fischer, former Meta chief revenue officer and 01 Advisors partner, joins 'Squawk on the Street' to discuss what'll be most important to hear in Meta's earnings call, if Wall Street understands the new chapter of efficiency the company is in, and more.
Bank of America and Goldman Sachs come in on Tuesday, with Morgan Stanley bringing up the rear on Wednesday. For a breakdown on the specific numbers, check out Markets Insider and the fantastic 10 Things Before the Opening Bell newsletter. Big banks poured $30 billion into First Republic in the midst of the banking crisis in an effort to shore up the wider market. And what about those pesky shadow banks? Never one to miss a good opportunity, shadow lenders are looking to step up where big banks are stepping back, Bloomberg reported.
Trump is likely to be fingerprinted, swabbed for the state DNA database, and photographed for his mugshot. Trump has been indicted in the Manhattan district attorney's five-year investigation into his personal and business finances, Insider reported Thursday, but he'll be treated like any defendant moving forward — with many key exceptions. "That's called 'walking it through,'" explains Diana Florence, a former white-collar crime prosecutor for the Manhattan district attorney's office. That's what typically happens in white-collar indictments, said Karen Friedman Agnifilo, a former chief assistant with the Manhattan district attorney's office. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass.
Here are predictions for how this historic event would roll out, courtesy of some of Manhattan's top defense lawyers, former high-ranking prosecutors, and a retired Secret Service special agent. "They can tell the foreperson come back two weeks from Wednesday, or something," to sign the revised indictment, Florence said. There can always be a leak, of course, somewhere between indictment and arraignment, which is the court proceeding where Trump would plead not guilty. But even if Trump does need to surrender in person, Secret Service would likely give the perp walk a hard pass. "That walk is not going to happen," said Pickle, the former Secret Service special agent.
But first, a Wall Street firm finally finds its CEO. Harvey Schwartz Goldman Sachs1. In many ways, Carlyle and Harvey Schwartz are perfectly imperfect for each other. Might as well call it "Carefree Carlyle," because that's the vibes I'm getting under the soon-to-be Schwartz era. Click here to read more about what'll be expected of Harvey Schwartz as CEO of Carlyle.
Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.
Insider's rising stars of real estate span roles in leasing, affordable housing, and urban planning. We asked 20 of these young industry experts and innovators to offer predictions for 2023. 2022 wreaked havoc on the housing market: Mortgage rates rose at a fast clip, bidding wars cooled, the Airbnb market shifted, and some high-flying proptech darlings crashed back down to earth. Insider picked 30 rising stars of commercial and residential real estate who're transforming the way homes are sold and offices get built. Here are the predictions for 2023 from our rising stars:
Asher Moses completed The Knowledge, a memory test, and became a London black-cab driver in 1989. He said the test was very challenging and that he loved the excitement of graveyard shifts. London is the most incredible capital in the world, and I've been a cab driver in the city since 1989. Learning London's road map committed me to become a taxi driver. Memorizing the 46,000 London streets in the 6-mile radius around Charing Cross was one of the most challenging things I've ever done.
A relic of pre-pandemic days is making its return to the workplace: the office cold. With people returning to workplaces amid relaxing Covid protocols, poor Covid-19 booster uptake and cold and flu season on the way, the office bug is making an unwelcome comeback. Cold, flu, Covid cases could be serious this winterThere are already hints that this year's cold and flu season could be bad: On Oct. 14, the CDC reported early increases in seasonal flu activity. Still, "there's more pressure to get people in, and it's hitting at the same time as cold and flu and RSV season." Working while sick does everyone a disserviceShowing up to work sick, or even powering through from home, can be damaging on a number of levels.
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