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Timothy A. Clary | Afp | Getty ImagesThis 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. What you need to know todayThe bottom lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.
Persons: Walter Lundon, Donald Trump, Timothy A, Clary, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: New York Stock Exchange, Getty, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City
And it's not the only blockbuster-budgeted film to disappoint at the box office this year. "A combination of hits and flops are a hallmark of every box office year," said Paul Dergarabedian, senior media analyst at Comscore. But for more traditional media companies, that have long traded off their successes at the box office, shareholders still want to see a big theatrical return on investment. UniversalEstimated production budget: $80 million$80 million Global box office: $100 million$100 million Release date: Feb. 14, 2024 Sony's Spider-Man universe films have been hit-or-miss at the box office for years. However, despite solid reviews — a 90% "Fresh" rating on Rotten Tomatoes — the film failed to explode at the box office.
Persons: Joaquin Phoenix, Arthur Fleck, It's, Todd Phillips, it's, Paul Dergarabedian, Shawn Robbins, Robbins, Arthur Fleck's, Lady Gaga, Harley Quinn, Eli Roth's, Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis, Ariana Greenblatt, Blanchett, — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Samuel L, Jackson, Howard, Elly Conway, Guy, Ryan Gosling, Barbie, Emily Blunt, Oppenheimer, Colt, Jody Moreno's, Blunt, Cassandra Webb, Max, George Miller, Chris Hemsworth, Francis Ford Coppola, Cesar Catilina, Adam Driver, — Adam Driver, Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne, Jon Voight, Coppola Organizations: Warner Bros, Universal, Lionsgate, Sony, Hollywood, Netflix, Apple, Arkham State Hospital, Audiences, Rotten, Fury Locations: Lionsgate's, Dua Lipa, New York City, Australia, York City, New Rome
Bull markets tend to sputter in year three
  + stars: | 2024-10-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
.SPX mountain 2022-10-12 The S & P 500 has gained more than 60% during this bull market. However, prior bull markets have shown a tendency to lose a little steam in their third year. Bank of America research showed that 10 prior bull markets for the S & P 500 had an average return of -2% in months 25 to 36. Another thing to keep in mind is that even positive third years for bull markets tend to be bumpy. Of course, a slump for the S & P 500 could be an opportunity for small-cap stocks to catch up .
Persons: Ritesh Samadhiya, Sam Stovall, Russell Organizations: Bank of America
They seem to be slowing down, and that's creating fewer job openings," he said. While that sluggish pace of hiring is making the fall feel less robust than in some years, Mullinix said there are steps job seekers can take to stand out. That's causing some to list fewer job openings. That can make it harder for job seekers, of course, and for recruiters who have to sift through a pile of applications. Mullinix said that given how unpleasant the search process can be, it's understandable that job seekers would gravitate toward the easiest method for applying.
Persons: , John Mullinix, Mullinix, Thorkelsson, haven't, you've, it's Organizations: Service, Business, Data Technologies, Federal, Redpoint Ventures, wariness
CHICAGO — The delegates wore Suffragette white; Vice President Kamala Harris wore black. But she does not speak about what it would mean to have a Black woman president in her speeches or TV ads. On Monday, wearing Suffragette white, Clinton placed Harris and herself in the nation’s long struggle for gender equity. Benjamin Lowy / Getty Images fileMoreover, the electorate has shifted, thanks to Clinton, Trump and the fall of Roe v. Wade. After the 2016 election, the Democratic National Committee conducted extensive focus-group and polling research to try to understand what happened.
Persons: Kamala Harris, Eva Longoria, Harris, Hillary Clinton, ” Harris, , Tom Perez, Joe Biden’s, Donald Trump, , Nancy Pelosi, David Axelrod, ” Pelosi, , Drew Angerer, Clinton, “ We’ve, ” Clinton, Doug Emoff, Gretchen Whitmer, Harris “, who’s, Trump, Harris hasn’t, They’re, Benjamin Lowy, Roe, Wade, Court’s Roe, Biden, , Perez Organizations: CHICAGO, Democratic, Convention, Democratic National, University of Chicago, Michigan Gov, Center for Women, Politics, Democratic National Convention, Getty, Democratic National Committee Locations: White, United States, Philadelphia
Don't feel sorry for Linda Yaccarino
  + stars: | 2024-07-31 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +4 min
Linda Yaccarino left her job running ad sales for NBC to become the CEO of Twitter about a year ago. Twitter's ad business, which fell in half after Elon Musk bought the company, continues to sputter. What a hard job Linda Yaccarino has! AdvertisementBy the time Yaccarino agreed to take the Twitter job, Musk's capricious track record as Twitter's owner had been well-established. Then, after formally hiring Yaccarino, Musk made it clear that while her title would be chief executive officer, she wouldn't actually be running the company.
Persons: Linda Yaccarino, Elon Musk, Musk, Yaccarino, they've, Linda, Don Lemon, Lemon, Twitter hasn't, wouldn't, she'd, he'd Organizations: NBC, Twitter, Elon, Business, New York Times, Times, CNN, Visa
He's steering clear of Big Tech stocks, and for now he's only bullish on "dull, boring, and predictable" names. Tech stocks now account for highest portion of the S&P 500 since the early 2000s, according to an analysis from Société Générale. AdvertisementAnother risk to stocks lies in interest rates, Blain said, as borrowing costs look poised to stay higher for longer. "There is an awful lot of people in the financial markets who just don't understand that zero interest rates and ultra-low interest rates are not normal," Blain added. AdvertisementThe final risk Blain is eyeing is the upcoming presidential election, which contains a handful of uncertainties that could batter stocks, Blain said.
Persons: Bill Blain, Blain isn't, , that's, Blain, Biden, he's, Générale, John Hussman, I've, eyeing, We've, Morgan Stanley, Stifel, Richard Bernstein Organizations: Big Tech, Service, China, Nasdaq, Tech, stoke, Richard Bernstein Advisors
For the last two years, we've sent our 10-year-old son to sleepaway camp in California — 3,000 miles and a six-hour flight from our home in New York. The East Coast isn't lacking for overnight camps: camp culture here is stronger than in any other part of the country. Our children are lucky to have first cousins the same ages as them — and unlucky to live a continent apart. An entire summer apart? But it's no less true for modern parents fortunate enough to ship their kids off to summer camp or for their kids.
Persons: we've, sleepaway, we're, Alexandra Moss Organizations: Service Locations: California, New York, sweltering, Sierra Nevada, Massachusetts , New Hampshire, Maine, San Diego, Roblox, Vancouver, British Columbia, alimoss.com
But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez, Mitch M. Rosenthal — reveals a tiny badge with the words “AI.” These are not real bylines. The outlet, Hoodline, is not the first or only news site to harness AI. Sports Illustrated deleted several articles from its website after they were found to have been published under fake author names. Keeping local news aliveOn Hoodline’s network of local news sites, it is difficult to find an article not written by the software. But the transformation at Hoodline shows that bigger solutions are needed to keep vital local news reporting alive.
Persons: Sarah Kim, Jake Rodriguez, Mitch M, Rosenthal —, , Hoodline, ” Zachary Chen, ” Chen, “ Nina, Mark Graham, Peter Adams, , ” Adams, Chen, Danielle Coffey, ” Coffey, That’s, Felix Simon, ” Simon, Simon, Benjamin Toff, Hoodline San Francisco ’, Nuala, ” Bishari Organizations: CNN, Media, Tech, Gannett, Internet, Wayback Machine, News Literacy, LinkedIn, Media Alliance, News Corp, Reuters Institute for, Journalism, University of Oxford, Research, University of Minnesota, San Francisco Chronicle Locations: embarrassments, San Francisco, Philippines, Hoodline San
SANTA CLARA, Calif. (AP) — Kyle Shanahan's offense is mimicked throughout the NFL as his innovative schemes are utilized by teams throughout the league. His former assistants are spread around the league as coordinators and head coaches as the “Shanahan offense” has become one of the most predominant ones in today's game. “We’re real proud of a lot of things that we’ve accomplished here in the last five years or so. Shanahan is now 8-3 as a head coach in the playoffs, trailing only Vince Lombardi in winning percentage for coaches with at least 10 playoff games. “The way he describes football, the way that he teaches football to offense, defense and special teams guys.
Persons: — Kyle Shanahan's, Shanahan, , ” Shanahan, , it’s, Jimmy Garoppolo, there’s, Fred Warner, Vince Lombardi, Brock Purdy, I’m, Chris Foerster, We’ve, Kyle, George Kittle, He’s, I’ve Organizations: NFL, 49ers, NFC, Super Bowl, Niners, Kansas City Chiefs, Falcons, Super, New, Kansas City, Chiefs, Green Locations: SANTA CLARA, Calif, San Francisco, Atlanta, Las Vegas, New England, Green Bay, Detroit, Washington
Without continued Western support for Ukraine's war efforts, the consequences could be dire, according to Ukrainian President Zelenskyy, who warned of a "big crisis" not just for Ukraine but for other countries as well. Zelenskyy has been warning about that worst case scenario outcome for months, as have experts and top war watchers. The roughly $111 billion package, which includes aid to Ukraine and Israel, has been held up by Republicans since October 2023. Should US aid to Ukraine dry up, it'll be a test of how Ukraine's European allies can fill in the gaps. Ukrainian servicemen drive a T-72 tank on the frontline in eastern Ukraine on July 13, 2022, amid the Russian invasion of Ukraine.
Persons: , it's, Zelenskyy, Dmytro Smolienko, Joe Biden's, Biden, it'll, MIGUEL MEDINA, Vladimir Putin's, Dara, Putin, Volodymyr Zelenskyy, Anna Moneymaker, Putin's maximalist, Nicholas Carlson Organizations: Service, Business, Davos, NATO, Russian Federation, Armed Forces, American, Publishing, Getty, North, Republicans, GOP, US Senators, Carnegie Endowment, International, Russian, The Institute, Washington DC Locations: Ukraine, Russia, North Korea, Russian, Donetsk Oblast, Roman, Israel, AFP, Putin — Georgia, Syria, Washington , DC, Washington, Finland
The lawsuit in Indiana sought court-ordered fines and restrictions on TikTok for allegedly violating state consumer protection laws. Both cases reflected concerns expressed by government officials at all levels in the United States about TikTok’s ties to China through its parent company, ByteDance. Calls for a TikTok ban in the US first arose during the Trump administration and have waxed and waned in the years since, but most attempts to ban the app have been challenged in court. What comes nextUltimately, the state-level efforts in Indiana and Montana failed for many reasons, Goldman said, and policymakers should take note of this. The Indiana decision is less likely to have a nationwide impact, Goldman added, simply due to the typical obscurity of state court rulings and how state laws differ from one jurisdiction to another.
Persons: TikTok, ” Eric Goldman, , Trump, Donald Molloy, Molloy, Patrick Toomey, , ” Molloy, , Jennifer DeGroote, DeGroote, Goldman, Blake Reid, Reid Organizations: CNN, TikTok, Santa Clara University, American Civil Liberties, Security, University of Colorado Locations: Indiana, Montana, United States, China
Treasury Secretary Janet L. Yellen said after two days of meetings with Vice Premier He Lifeng in San Francisco that they had concluded they should strive for a “healthy economic relationship” and try to work more constructively together. “We do not seek to decouple our economy from China’s,” Ms. Yellen said. “This would be damaging to both the U.S. and China and destabilizing for the world.”She and Mr. While economic strength in the United States has been a bright spot, China’s economy continues to sputter. Official statistics this week showed that prices in China are falling as households and businesses remain wary of spending even as state-controlled banks invest in the construction of more factories.
Persons: Janet L, Yellen, , Ms Organizations: U.S Locations: States, China, San Francisco, China’s, Ukraine, United States
EAST RUTHERFORD, N.J. (AP) — The New York Jets' defense did its job — again. Zach Wilson and the offense? “I think we all just kept taking turns," Wilson said after the Jets' 27-6 loss to the Los Angeles Chargers on Monday night. We've got to find a way.”The Jets held Justin Herbert to 136 yards on 16-of-30 passing and the Chargers gained just 191 total yards. “It just wasn’t good enough.”The Jets have been the NFL's worst team on third down and in the red zone — and those problems continued against the Chargers.
Persons: , Zach Wilson, Wilson, ” Wilson, We've, Justin Herbert, Joey Bosa, Khalil Mack, Tuli, Robert Saleh, , Saleh, Nathaniel Hackett, Aaron Rodgers, Garrett Wilson, ” Saleh, Tyler Conklin, ” Hall, It'll, “ We’ve, we’ve Organizations: New York Jets, Jets, Los Angeles Chargers, AFC, , Chargers, New Locations: RUTHERFORD, N.J, New York, Angeles, Wilson . New York, Los Angeles, Las Vegas
As Tesla Deliveries Sputter, BYD Looks Alluring
  + stars: | 2023-10-03 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
Cleveland allowed an opponent to score two defensive touchdowns for the first time since Pittsburgh did it on Oct. 16, 1983. The Browns played most of the final three quarters without Chubb, who was carted off the field with what appeared to be his second major left knee injury. Chubb took a handoff from Watson early in the second quarter and reached the Pittsburgh 3 when Steelers safety Minkah Fitzpatrick dove at Chubb's legs. The Browns beat the host Steelers in the playoffs after the 2020 season. Steelers: At Las Vegas (1-1) next Sunday, when they will try to beat the Raiders on the road for the first time since 1995.
Persons: — T.J, Watt, DeShaun Watson, Nick Chubb, Alex Highsmith —, Jedrick Wills Jr, Chubb, Watson, Minkah Fitzpatrick, Fitzpatrick, Jacoby Brissett, , Jerome Ford, tandems, Kenny Pickett, George Pickens, Cleveland, Ford, Pierre Strong, Matt Canada, Za'Darius Smith, Greg Newsome, KR Gunner Olszewski, ILB Elandon Roberts, ___ Organizations: PITTSBURGH, Pittsburgh Steelers, Cleveland Browns, Cleveland, The Steelers, Browns, Georgia, Pittsburgh, Steelers, Bowler's, ESPN, Steeler, KR, Host Tennessee, Sunday, Las Vegas, Raiders Locations: Pittsburgh, Cleveland, Las
UNCHARTED WATERS Big Farms and Flawless Fries Are Gulping Water in the Land of 10,000 Lakes When Minnesota farmers cranked up their wells in a drought, they blew through state limits. The location of the White Earth Reservation is also shown, in the upper left portion of the map. Cloud St. Paul Minneapolis Rochester Sandy Soils WHITE EARTH RESERVATION Duluth Irrigation Wells St. Cloud St. Paul Minneapolis Rochester Sandy Soils WHITE EARTH RESERVATION Duluth Irrigation Wells St. “There’s a lot of water in this area.”His farm is awaiting approval for two new state permits for irrigation wells.
Persons: Warren, Mike Tauber, they’ve, , Trevor Milbrett, Warren Warmbold, , Mr, Warmbold, Offutt, Ellen Considine, don’t, Carlos Gonzalez, It’s, farming’s, Robert Glennon, John Nieber, Paul Minneapolis, Nieber, White, Jamie Konopacky, Allan Armstrong, Armstrong, Armstrong’s, Austin Tersteeg, Erskine, Tersteeg Organizations: R.D, Offutt, Minnesota Department of Natural, New York Times, Irrigation, Farmers, state’s Department of Natural Resources, United States Department of Agriculture, Department of Agriculture, Star Tribune, Getty, Park Rapids ., University of Minnesota, Twin, Paul Minneapolis Rochester Sandy, Paul Minneapolis, White, Department of Natural Locations: Lakes, Minnesota, R.D, Warren, Minn, Backus, Eagle Bend, United States, Midwest, Park Rapids, In Minnesota, North Dakota, America, Offutt, Twin Cities, Sandy, Duluth, Wells St, Cloud, Paul, Paul Minneapolis Rochester, Austin, Red Lake County
After weaker-than-expected quarterly results from luxury electric vehicle maker Lucid , analysts are now turning their attention to rival Rivian . Analysts polled by FactSet are forecasting an adjusted loss of $1.43 per share on $1.1 billion in revenue. Still, analysts remain bullish on Rivian ahead of its earnings release. Meanwhile, Morgan Stanley's Adam Jonas reiterated an overweight rating on Rivian in a July 7 note, accompanied by a $24 per share price target. Elsewhere, DA Davidson's Michael Shlisky is neutral on Rivian after an upgrade from underperform July 5, with an $18 per share price target that equates to about 26% downside.
Persons: Rivian, Needham's Chris Pierce, Pierce, Morgan Stanley's Adam Jonas, Jonas, Vijay Rakesh, Rakesh, Michael Shlisky, Mercedes EQB, Shlisky, — CNBC's Michael Bloom Organizations: FactSet, Wall, EV, Mizuho Securities
China's economy is headed for a slowdown, according to Nobel laureate Paul Krugman. The top economist compared China's disappointing economic performance so far this year to Japan's economic woes in the 90s, when the nation's economic power began to decline. On top of that, China is also suffering from an unbalanced economy, Krugman said, with demand struggling to rebound after the pandemic. Manufacturing activity contracted in May, while real estate activity, which makes up about a fifth of China's economy, has also stalled. Other experts have warned of trouble for China's economy amid its so-far disappointing economic recovery.
Persons: Paul Krugman, Krugman Organizations: Service, New York Times Locations: China, Japan, Wall, Silicon
Francois Lochon | Gamma-rapho | Getty ImagesCentral banks in Asia could start cutting rates earlier than the Federal Reserve, economists at Nomura predicted. "Our view of Asian central banks cutting policy rates ahead of the Fed in this cycle is based on the fundamental divergences between Asian and U.S. economies," Nomura economists wrote. China's producer prices have already entered deflation territory, while South Korea's inflation hovered around 2.7%, nearing its central bank's target. Seoul could start cutsNomura expects the Bank of Korea to be one of the first central banks after China to cut rates. They pointed to the central bank's governor Rhee Chang-yong shrugging off investor concerns about a weakening South Korean currency.
Persons: Francois Lochon, Sonal Varma, Nomura, lockdowns, BOK, Rhee Chang, Rhee Organizations: Getty, Federal Reserve, Nomura, Federal, Bank of, CNBC, Korean, U.S Locations: Seoul, South, Asia, U.S, China, sputter, Indonesia, Philippines, India, Korea, Singapore, Bank of Korea
The yuan has plunged against the dollar in 2023 with China's economic revival floundering. Beijing is battling to show it can support the currency as it falls toward a 14-year low. China’s central bank fixed the renminbi at a stronger level Thursday after a state-backed newspaper said it had the tools to shield it from panic selling. China's central bank and a state-backed newspaper both sought to support the currency this week amid signs that the country's post-COVID economic revival has started to sputter. The central bank then said on Thursday that it would fix the renminbi at a stronger-than-expected level of just under 7.21 yuan per dollar.
Persons: Organizations: Service, Privacy, Beijing, People's Bank of China Locations: Beijing
[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 9, 2023. Wall Street futures were up, pointing to another session of gains after the S&P 500 rose for the fourth week in a row last week. "Obviously if we have a big negative surprise on inflation and inflation comes in much hotter than expected, that is going to challenge central banks and the Fed in its 'pause' strategy," he said. Money markets are pricing in around a 75% chance of the Fed keeping rates steady, and a 25% chance of a 25 basis points rate hike, according to the CME FedWatch tool. The European Central Bank is expected to raise rates by 25 basis points on Thursday.
Persons: Europe's, Samy Chaar, Lombard, Elizabeth Howcroft, Sharon Singleton, Chizu Organizations: REUTERS, U.S, CPI, Fed, U.S . Federal Reserve, European Central Bank, Wall, Nasdaq, Investors, Reserve Bank of Australia, Bank of Canada, Bank of Japan, People's Bank of China, Brent, . West Texas, Thomson Locations: Frankfurt, Germany, China, U.S, Europe, Hong Kong
ETF Flows Sputter as Investors Favor Defensive Strategies
  + stars: | 2023-06-11 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/etf-flows-sputter-as-investors-favor-defensive-strategies-b432f54a
Persons: Dow Jones
Weakness in China's manufacturing sector has been matched by soft outcomes in other important parts of the world's second-biggest economy. Rather it is construction and manufacturing that propel commodity demand, especially for steel raw material iron ore and for copper. The softness in those sectors is likely to show up in commodity imports in coming months, but not yet. Seaborne iron ore imports are expected at about 93.29 million tonnes, according to Refinitiv data, which would be stronger than the 90.44 million tonnes recorded by customs in April. If this is the case, it's likely that they may consider trimming imports in coming months, especially if the run of soft economic data continues.
Persons: it's, Robert Birsel Organizations: National Bureau of Statistics, Refinitiv Oil Research, Global, Brent, Singapore, Reuters, Thomson Locations: LAUNCESTON, Australia, China, March's
You’re probably very weird, and not just for all the obvious reasons you’re thinking of. Because, obviously, there’s going to be some overlap in the curve here. How you’re going to behave with your professor is quite different than how you’re going to behave with your friends. But it’s really kind of faceless, and you’re not really helping anybody you know. I think things are dynamic, and directions are changing, and that sort of thing.
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