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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's Nvidia's game to lose in semiconductor competition, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein chip analyst, joins 'Closing Bell' to discuss the semiconductor space as the sector continues to grow in players and competition.
Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed will look at inflation from geopolitics and port strike as 'temporary': Jefferies' David ZervosPaul Hickey, Bespoke Investment Group co-founder, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Jefferies, David Zervos Paul Hickey, David Zervos Organizations: Investment Group, Jefferies
Watch CNBC's full interview with Flexport CEO Ryan Petersen
  + stars: | 2024-10-01 | 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 Flexport CEO Ryan PetersenRyan Petersen, Flexport CEO, joins 'Closing Bell Overtime' to talk the impact of the port workers strike.
Persons: Ryan Petersen Ryan Petersen
Opening Bell: October 1, 2024
  + stars: | 2024-10-01 | 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 EmailOpening Bell: October 1, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from October 1, 2024
Organizations: New York Stock Exchange, Nasdaq
Ultimately, the slow starts to August and September did not stand in the way of Wall Street recording a strong third quarter . Tech woes : The S & P 500 tech sector is having a rough day on several different fronts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, There's, Elliott Hill, John Donahoe, Lamb Weston, we'll, Slim Jim, Hunt's, Orville Redenbacher's, We're, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Federal Reserve, Coterra Energy, Tech, Apple, Citigroup, HP Inc, CDW Corp, Citi, Samsung Electronics, Nvidia, Broadcom, Energy, Nike, Maine Foods, Labor, Jim Cramer's Charitable Locations: East, Iran, Israel, China
More consumer-centric companies are looking to capitalize on India's booming stock market and strong economic growth, by going public. "After a decade, India's growth story is now likely to be driven by private consumption. With a better macro outlook, the risk appetite for investors for business to consumer companies have gone higher," said Atul Singh, CEO and managing director of wealth management firm LGT Wealth India. It may have started with large corporations like Reliance and Adani , but the positive macro story is driving more business to consumer companies to list," Singh told CNBC in an interview. India had 238 listings in 2023, reaching a nine-year high with 614 billion Indian rupees ($7.35 billion), according to FactSet data.
Persons: Ola, Atul Singh, Singh Organizations: National Stock Exchange, BMI, LGT Wealth, Reliance, CNBC, Transportation, Hyundai Motor India, Insurance, Hyundai, Ola Electric Locations: Mumbai, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFor every day of striking there could be 7-10 days of port congestion: Flexport CEO Ryan PetersenRyan Petersen, Flexport CEO, joins 'Closing Bell Overtime' to talk the impact of the port workers strike.
Persons: Ryan Petersen Ryan Petersen
Hurricane Helene has caused significant disruptions for election officials in North Carolina and across the Southeast, scrambling preparations for early and mail voting that have been in the works for months. North Carolina officials mailed 190,000 ballots last week, some of which may be delayed or destroyed by flooding. Early in-person voting is scheduled to begin Oct. 17 across more than 400 locations in North Carolina. North Carolina is among the core battleground states former President Donald Trump and Vice President Kamala Harris are competing in this fall. The area of North Carolina hit by the hurricane tends to lean Republican politically, aside from Democrat-heavy Asheville.
Persons: Helene, Karen Brinson Bell, ” Brinson Bell, Corinne Duncan, Brinson Bell, Gerry Cohen, ” Cohen, . Cohen, they’re, Robert F, Kennedy Jr, Cohen, — haven’t, Donald Trump, Kamala Harris, Robert Sinner, TJ Lundeen, Doug Kufner, Organizations: North, State Board, , Wake County, Democrat, South Carolina, Commission Locations: North Carolina, Buncombe County, Wake, Wake County, Raleigh, Carolina, Asheville, Florida , Georgia, South Carolina, Tennessee, Georgia, Jenkins
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould see more job cuts and factory closures from European automakers, says Fmr. Ford CEOMark Fields, former Ford CEO, joins 'Closing Bell Overtime' to talk warnings from European automakers, Ford's plan to boost EV sales, and more.
Persons: Mark Fields Organizations: Ford
Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. "Strategic investors" will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. The transactions, which are expected to be completed by the end of this year, will reduce Nio Inc.'s stake in Nio China to 88.3%, down from 92.1%. This also spurred a broader rally among China stocks, which saw their best day of trading since 2008 . Rocket Lab – Shares rose more than 3%, extending the more than 12% gains seen during Friday's session.
Persons: Nio, Ford, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, , Lisa Kailai Han, Sarah Min, Tanaya Macheel Organizations: Nio Inc, KeyBanc, CVS, Street Journal, Glenview Capital Locations: Nio –, China, Glenview, East, Gulf Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy will see ripple effects of strike 'within hours', says U.S. Chamber of Commerce's BradleyNeil Bradley, U.S. Chamber of Commerce chief policy officer, joins 'Closing Bell Overtime' to talk the looming port strike and how it could impact U.S. businesses, consumers and the economy.
Persons: Commerce's Bradley Neil Bradley Organizations: Chamber, Chamber of Commerce Locations: U.S
Dow and S&P 500 reach another record close
  + stars: | 2024-09-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow and S&P 500 reach another record closeDan Skelly, Head of Wealth Management Market Research & Strategy Team, and Emily Hill, Bowersock Capital Partners founding partner, join 'Closing Bell Overtime' to talk another day of record market action.
Persons: Dan Skelly, Emily Hill Organizations: Dow, Wealth Management Market Research, Strategy, Bowersock Capital Partners
Opening Bell: September 30, 2024
  + stars: | 2024-09-30 | 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 EmailOpening Bell: September 30, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from September 30, 2024.
Organizations: New York Stock Exchange, Nasdaq
Powell emphasized the economy's strength and recalibrated interest rate cut expectations. Investors are also eyeing key employment data releases this week for further market direction. All three major indexes moved higher in late trading following Powell's comments about the strength of the US economy. AdvertisementPowell's comments recalibrated interest rate cut expectations in the market. Here's where US indexes stood at the 4 p.m. closing bell on Monday:AdvertisementAside from Fed comments, investors are preparing for a wave of employment data this week.
Persons: Jerome Powell's, Powell, , Jerome Powell Organizations: Service, Dow, Federal, National Association for Business Economics
It doesn’t make economic – or logistical – sense to ship many of the goods that come into East Coast ports by alternative ports of entry – or by plane. That means America could see some shortages of chocolate, alcohol, popular fruit, including bananas and cherries, and even certain cars if the strike lasts a long time. A potential strike at this and other ports on the Gulf and East costs could start early Tuesday. And the federation and its members are concerned with how long it will take to recover from even a short strike. And many of those imports come in through East and Gulf coast ports.
Persons: ” Jonathan Gold, Brandon Bell, Gold, , , That’s, Danny Munch, Munch, ” Chris Swonger, Swonger, Erin Keating, Mark Gillies, Loren Elliott, Chris Frey, Cox Organizations: New, New York CNN, National Retail Federation, CNN, Port, Houston Authority, ILA, American Farm Bureau, Consumers, Cox Automotive, , Cox, Volkswagen, ” Audi, Auto, Bloomberg, Getty Locations: New York, East, Gulf Coast, East Coast, America, West Coast, United States, Port Wilmington, Delaware, Michigan, Europe, South America, Port of New York, New Jersey, Port of Houston, Gulf, Asia, Midwest
Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters' grocery costs. Although Harris released more detail Wednesday as part of her 82-page economic plan, it's still unclear what price hikes her administration would see as illegal "price gouging." Generally, Republicans support fewer economic regulations, although Trump has suggested limiting food imports as a way to lower grocery prices. What is price gouging? Thirty-seven U.S. states already have laws that forbid price gouging in emergencies.
Persons: Kamala Harris, Doug Emhoff, Angela Weiss, Donald Trump, Harris, it's, Walz, Trump, YouGov, Rakeen Mabud, Mabud, Mario Tama, markups, , Jerome Powell —, Sarah Gallo, Brian Cornell, Jharonne Martis, Brandon Bell, Kroger, Arun Sundaram, Sundaram, JBS, Joe Raedle Organizations: Democratic, AFP, Getty, Trump, Bureau of Labor Statistics, Voters, Federal Reserve Bank of Kansas, Consumer Brands Association, Federal Trade, Department of, Kroger, Procter, Gamble, Albertsons, Federal Trade Commission, CFRA Research, Pilgrim's Pride Corporation Locations: Coraopolis , Pennsylvania, Los Angeles , California, Federal Reserve Bank of Kansas City, Houston , Texas, Miami , Florida
Los Angeles AP —Kris Kristofferson, a Rhodes scholar with a deft writing style and rough charisma who became a country music superstar and A-list Hollywood actor, has died. Kristofferson died at his home in Maui, Hawaii, on Saturday, family spokesperson Ebie McFarland said in an email. Kristofferson, who could recite William Blake from memory, wove intricate folk music lyrics about loneliness and tender romance into popular country music. “There’s no better songwriter alive than Kris Kristofferson,” Nelson said during a November 2009 award ceremony for Kristofferson held by BMI. Producer Jon Peters, from left, Barbra Streisand and Kris Kristofferson appear at a preview of the film, "A Star is Born," in Dec. 23, 1976, in New York.
Persons: Kris Kristofferson, Kristofferson, Ebie McFarland, McFarland, Bobby McGee, ” Kristofferson, Ray Price crooning, Janis Joplin, , Ellen Burstyn, Martin Scorsese’s, Alice Doesn’t, Barbra Streisand, Wesley Snipes, William Blake, Bob Dylan, Willie Nelson, John Prine, Tom T, , ” Nelson, Barbara Streisand, Dylan, Jon Peters, Suzanne Vlamis, Cash, Grand Ole Opry, I’d, Fred Foster, Foster, Bobby McKee, Frederico Fellini, Waylon Jennings, Johnny Cash, Rob Verhorst, Joplin, Jesus, Rita Coolidge Organizations: Los Angeles AP, Hollywood, Times, BMI, Golden Gloves, Merton College, University of Oxford, U.S . Military Academy, West, Columbia Records, US Army, Associated Press, Grand Ole, Monument Records, , Getty, Joplin Locations: Rhodes, Maui, Hawaii, Brownsville , Texas, England, West Point , New York, Nashville, New York
The Fed's target inflation rate is 2%, so we're getting closer. In the week ahead, we get quarterly results from Club name Constellation Brands and the government's September employment report. Jobs, Jobs, Jobs This coming Friday's big update on the state of the labor market is the main market event and could have big implications for Wall Street and the path for Fed rate cuts. However, the market took the news in stride because recent weakness in the stock was already reflecting the sluggish sales environment. ET: September ADP Report Before the bell: Conagra (CAG) After the bell: Levi Strauss (LEVI) Thursday, Oct. 3 8:30 a.m.
Persons: Thursday's, Jerome Powell, we'll, We're, Levi Strauss, LEVI, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Dow Jones, Nasdaq, Treasury, Core PCE, GE Healthcare, Costco, Constellation Brands, Wall, ADP, Pacifico, McCormick &, PMI, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Covid, Corona, New York City
Alabama quarterback Jalen Milroe didn’t throw an incompletion until there were just under four minutes left in the second quarter. To this point it’s been Georgia, Texas, Ohio State and everyone else. Backs against the wall, Alabama turned to Milroe and Ryan Williams, whose immediate answer will go down as a legendary moment. It ended with a Beck interception, and turnovers were part of the reason Georgia had to put together an epic comeback. That list consists of Alabama, Texas and Tennessee.
Persons: Carson Beck, Beck, Dillon Bell, Milroe, Ryan Williams, Zabien Brown, Nick Saban, Kirby Smart, Jalen Milroe, Kennington Smith III, Seth Emerson, Joe Rexrode, Nick Baumgardner, it’s, , LSU hasn’t, There’s, Williams, — Smith, Kirby Smart‘s, — Emerson, Denny, Emerson, Emerson Scouting Milroe, Georgia’s Carson Beck, Georgia’s, Ole Miss, We’ll, Ole, Ole Miss fattening, Lane, — Rexrode, Kevin C, Cox Organizations: Alabama, SEC, Bulldogs, ESPN, Kalen, Tide, Crimson Tide, Football, Ohio, LSU, Saturday’s, Milroe, blitzes, Emerson Scouting, Kentucky, Longhorns, Ole Miss, The Rebels, Bama Locations: Georgia, Alabama, South Carolina, Texas, Ohio State, Tennessee, Oklahoma, Missouri, Auburn, Tuscaloosa . Alabama, Alabama , Texas, Oxford ., Atlanta
“The Supreme Court has a limited role to play death penalty cases,” said Paul Cassell, a University of Utah law professor who is representing a victim’s family in another death penalty case before the high court this year. Another involves an Alabama man who claims he is intellectually disabled and therefore ineligible for execution under Supreme Court precedent. The Supreme Court’s approach to death penalty appeals is “to correct severe misapplications of constitutional law by America’s state court systems,” said Seth Kretzer, a Texas attorney who has represented death row inmates at the Supreme Court. Alabama is appealing that decision to the Supreme Court and has been waiting more than year for an answer. In Oklahoma, Brenda Andrew faces the death penalty for the 2001 shooting death of her estranged husband.
Persons: Marcellus Williams, Felicia Gayle, Williams, , Cliff Sloan, , dissents, Paul Cassell, Cassell, Richard Glossip, Barry Van Treese, Justin Sneed, Glossip, Sneed, Republican Gentner Drummond, ” Williams, Wesley Bell, Bell, Andrew Bailey, Bailey, Robert Dunham, ” Cassell, Van, , Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson –, Sotomayor, Kenneth Smith, Smith, ” Smith, Seth Kretzer, Kretzer, Joseph Smith, Brenda Andrew, Andrew, ” CNN’s Devan Cole Organizations: CNN, NAACP, Supreme, Georgetown Law, University of Utah, Republican, Glossip, Democrat, Missouri, Court, Eighth, Alabama, Appeals Locations: Missouri, Oklahoma, Alabama, Oklahoma City, Louis, Texas
Hurricane Helene killed at least 22 people and left millions without power across the Southeast before weakening on its way north Friday morning, officials said. Hurricane-felled trees caused two deaths in Anderson County, South Carolina, officials said. Debris left by Hurricane Helene in Cedar Key, Fla., on Friday. Miguel J. Rodriguez Carrillo / AFP - Getty ImagesMeanwhile, more than 4.3 million people are experiencing power outages in South Carolina, Georgia, Florida, North Carolina and Virginia, according to poweroutage.us, which tracks utility data. At 11 a.m., the storm was 30 miles southwest of Bryson City, North Carolina, moving northward with maximum sustained winds of 45 mph.
Persons: Helene, Floridians, Jamie Cruse, “ We’re, , , Bruce Rector, NBC’s, Megan Varner, Brian Kemp, Ron DeSantis, Roy Cooper, Hurricane, Miguel J, Rodriguez Carrillo, Ana Gibbs, Ronda Bell, Mike Stewart, Joe Biden, Deanne Criswell Organizations: National Hurricane Center, NBC, ” Clearwater, Georgia Gov, Florida Gov, Gov, North Carolina, Highway Patrol, AFP, Getty, Florida, & Light Company, Duke Energy Florida, Duke Energy, Federal Emergency Management Locations: Big Bend, Florida’s, Perry , Florida, Clearwater, Gulf Coast, Atlanta, Georgia, Pinellas County , Florida, Florida, Dixie County, North Carolina, Catawba County, Charlotte, Anderson County , South Carolina, Cedar Key, Fla, South Carolina , Georgia, Virginia, Valdosta, Ga, Carolinas, Charleston, Wilmington, Raleigh, Norfolk, Bryson City , North Carolina, Georgia , Florida , Alabama, South Carolina
U.S. officials have privately said that Trump's campaign was the victim of the attack. Former President Donald Trump at a campaign rally on Sept. 24, 2024, in Savannah, Ga. Brandon Bell / Getty ImagesUnsolicited emails that included the stolen material from Trump’s campaign were then sent to associates of his Democratic political rival. The hack against the Trump campaign is just the latest example of an increasingly brazen approach by Iran that includes alleged murder plots against dissidents and defectors on American soil and an assassination threat against former President Trump, U.S. officials and analysts say. For more than two months, hackers who stole the documents have tried to persuade the American media to write about or publish the files they stole. “I’m just not a believer of the news media as an arm of the government, doing its work combating foreign influence.
Persons: Donald Trump, Brandon Bell, Masoud Jalili, Seyyed Ali Aghamiri, Roger Stone, , Joe Biden’s, Trump, Matthew Olsen, Olsen, , Sen, JD Vance, Ken Klippenstein, ” Klippenstein, “ I’m, General Merrick Garland, Kent Nishimura, Robert, , Robert persona’s, Konstantin Kalashnikov, Elena Afanasyeva, Tenet Organizations: Islamic Revolutionary Guard Corps, Getty, Democratic, CIA, Defense Department, United Nations, FBI, National Intelligence, Infrastructure Security Agency, Justice Department, NBC News, department’s National Security Division, Trump, Beijing, U.S, NBC, Department of Justice, Justice, YouTube, RT, Tenet Media Locations: Washington, Savannah , Ga, Iran, Fars, U.S, Russia, China, American, R, Ohio, Tennessee
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina urges local companies to stay away from Nvidia AI chips, according to reportsCNBC's Seema Mody joins 'Closing Bell: Overtime' to discuss the latest reports from China against Nvidia.
Persons: CNBC's Seema Mody Organizations: China, Nvidia Locations: China
Mixed market : The S & P 500 spent Friday's session mostly unchanged as it tried for a fourth record close this week. Still frothy : The S & P Short Range Oscillator pulled back from Tuesday's most overbought reading since August. Month to date, consumer discretionary, utilities, and materials were the best-performing S & P 500 sectors. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, he's, Vimal Kapur, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, GE Healthcare, Honeywell, Constellation Brands, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Tuesday's, New York City
US stocks were mixed Friday, with the Dow closing at a record high while the S&P 500 and Nasdaq edged lower. All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation. Investors await key jobs data next week, including the September jobs report on Friday morning. But the main event is next Friday, when the September jobs report is released. AdvertisementAccording to Interactive Brokers senior economist José Torres, the jobs report could have a big impact on the broader market.
Persons: , Dow Jones, Clark Bellin, José Torres, Torres Organizations: Dow, Nasdaq, Service, Fed, Labor, Survey, ADP, Interactive Locations: Here's
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