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☆ Boeing faces strike threat as union members vote on tentative labor deal today
▼ + stars: | 2024-09-12 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

Among other benefits increases, the contract would increase union members’ pay by last least 25% over four years. Union members have launched a series of protests this week outside of Boeing plants and may ultimately reject the new contract union leaders negotiated with Boeing management. The deal will be officially approved if more than 50% of the members vote in favor of the tentative agreement. That would prevent a strike, no matter how many workers vote to strike. If just more than a third of members vote against a strike, then the contract takes effect, no matter the results of the ratification vote.

Persons: we’ve, Kelly Ortberg, Jon Holden, ” Holden, Ortberg, “, ”, Holden Organizations: New, New York CNN —, Boeing, Union, Alaska Airlines, International Association of Machinists, IAM, The Seattle Times, CNN Locations: New York, Oregon, Seattle, What’s, Washington

☆ This year's 'offseason' could be much busier for the housing market as buyer competition heats up, Zillow says
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

Late summer is typically the start of the housing market's "offseason," marked low buying activity. However, this year, the market may see an unusually high level of activity amid lower mortgage rates. AdvertisementThe late summer and early fall are typically part of the housing market's "offseason," marked by low buying and selling activity. But this year, the season could see an unusually high amount of activity as buyers look to lock in lower mortgage rates, a new Zillow report finds. "Lower rates could stall or slow the cooldown in housing market activity that typically takes place this time of year, because right now buyers are more likely to be motivated by lower rates than sellers are," the report says.

Persons: — Organizations: Service, Business

☆ Cooling jobs data might beat out inflation in forcing the Fed to deliver a big rate cut, Goldman Sachs CEO says
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

Cooling labor data could still lead the Fed to cut rates by 50 basis points, Goldman Sachs' David Solomon says. "I think the percentage chance is in the low 30s," Solomon said of a 50 basis point cut. The slightly hotter August CPI reading tilted the odds further in favor of a 25 basis point cut. AdvertisementIt wasn't long ago that Goldman Sachs CEO David Solomon forecasted there could be no rate cuts from the Federal Reserve this year. Now, even as the latest inflation data has most investors pricing in a 25 basis point cut in September, Solomon says a larger cut could still be in the cards.

Persons: Goldman Sachs, David Solomon, Solomon, — Organizations: Service, Federal Reserve, CNBC, Business

☆ Stock market today: Indexes rise as investors assess producer inflation and jobless claims data
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Indexes rose Thursday as investors digested new inflation and labor market data. Jobless claims last week rose slightly following two weeks of consecutive declines. The producer price index logged a 0.2% monthly rise, in-line with expectations. In the second inflation reading of the week, the producer price index rose 0.2% from July to August, in line with expectations. This corner of the stock market is set to outperform once the Fed starts cutting interest rates, Goldman Sachs says.

Persons: —, Harris, Ed Yardeni, Goldman Sachs Organizations: Service, Federal Reserve, Labor Department, Here's, Trump

☆ Caitlin Clark: WNBA star explains why she liked Taylor Swift’s post endorsing Kamala Harris
▼ + stars: | 2024-09-12 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —WNBA star Caitlin Clark hinted at her political beliefs ahead of this year’s US election by liking a social media post from Taylor Swift endorsing Vice President Kamala Harris, but she stopped short of endorsing a candidate when asked by reporters on Wednesday. Clark was one of more than 10 million people to like the post but stopped short of formally endorsing Harris herself. “I have this amazing platform, so I think the biggest thing would be to just encourage people to register to vote,” Clark told reporters on Wednesday, when asked about her decision to like the post. “That’s the biggest thing I can do with the platform that I have and that’s the same thing Taylor (Swift) did. “Continue to educate yourself on the candidates that we have, the policies that they’re supporting – I think that’s the biggest thing you can do.

Persons: Caitlin Clark, Taylor Swift, Kamala Harris, Swift, Tim Walz, Clark, Harris, “, ” Clark, Taylor, Emilee Chinn, USA’s, –, Sen, Kelly Loeffler, Rev, Raphael Warnock –, Warnock, Loeffler, He’s Organizations: CNN, WNBA, France, Atlanta Dream Locations: Paris, Georgia

☆ Boeing faces strike threat as workers vote on new contract
▼ + stars: | 2024-09-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing workers are voting on a new labor contract on Thursday, setting up the potential for a crippling strike if staff members decide to reject the deal just as the plane maker is trying to ramp up its production. "I know the reaction to our tentative agreement with the IAM has been passionate," he wrote in his staff note. The union, which represents about 33,000 Boeing factory workers in the Seattle area and in Oregon had sought some 40% pay raises from Boeing. But the 25% increase would be in line with the United Auto Workers' deal last year that followed strikes at Ford , General Motors and Chrysler parent Stellantis. If approved, the Boeing deal would follow a series of union-negotiated pay increases across industries ranging from Hollywood to airlines.

Persons: Kelly Ortberg, Jon Holden Organizations: Boeing, International Association of Machinists, Aerospace Workers, IAM, United Auto Workers, Ford, General Motors, Chrysler Locations: Seattle, Renton , Washington, Everett , Washington, Ortberg, Oregon, Hollywood

☆ 'We're only in 1996': Why the AI boom is still in its earliest days, according to Bank of America
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The AI boom is still in its infancy, following the path of the internet in the 1990s, BofA said. AI's impact will be felt sooner than past tech booms, the bank says. Skepticism about AI has mounted recently as investors get impatient to see AI returns. "Skeptics declare that GenAI's revenue potential doesn't justify the current level of AI infrastructure investment," the report says. On Tuesday, Morgan Stanley chief US equity strategist Mike Wilson said the AI investment theme has been "overcooked," and suggested investors should retreat into defensive stocks.

Persons: BofA, —, Morgan Stanley, Mike Wilson Organizations: Service, Bank of America, ChatGPT

KINSALE, Ireland — Three days and 225 miles later, a group of almost 100 serving and retired firefighters from New York and Ireland will cycle into a garden of remembrance on Wednesday to honor those who were killed in the 9/11 terror attacks. Ambassador's Dublin residence on Monday, the hardy group made their way across Ireland’s lush, rolling hills peddling their way to 17 fire stations and a fair few pubs along the way. It's part of a bid to raise money for the victims and for those still suffering from injuries and the effects of their work at Ground Zero. “We lost 343 firefighters in an instant,” one of the cyclists, Michael Schreiber, told NBC News on Monday, adding that 370 had died since 9/11. “I lost so many friends that day, and I still continue to lose guys,” he said.

Persons: “, Michael Schreiber, Schreiber, “ It’s, ”, Daniel Sheridan, Carlo Angerer, Danny Sheridan, Danny Manning, Manning, Mary Ellen, ” Manning, Al Qaeda Organizations: NBC, Uniformed Firefighters Association, Greater, “, Battalion, New York Fire Department Battalion, The New York Fire Department, United Airlines Flight, Trade, American Airlines Locations: KINSALE, Ireland, New York, U.S, Ambassador's Dublin, Cork, Irish, Greater New York, New, Isle, The, York, Wicklow, Harlem

☆ Harris-Trump debate highlights and Hurricane Francine approaches Louisiana: Morning Rundown
▼ + stars: | 2024-09-11 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

And while Trump tried to tie Harris to President Joe Biden, he learned that she is a much tougher rival. While Trump tried to re-create the conditions of June’s fateful debate stage matchup, Harris reminded him, “You’re not running against Joe Biden. Harris tried to get under Trump’s skin, baiting him into a defensive posture that prevented him from attacking her weaknesses. And when Trump scolded Harris’ attempt to interrupt him, some allies lamented that he lost control at a key moment. Three Republican sources told NBC News after the debate that Trump came off as “angry” in that moment.

Persons: Kamala Harris, Donald Trump’s, Francine churns, Harris, Donald Trump, Trump, Joe Biden, “ You’re, You’re, ” Harris, Harris ’, ” Trump, Louisiana Hurricane Francine, Joe Wilson of, ”, Republican Kelly Ayotte, Joyce Craig, Mauricio Pochettino, Dave Grohl, Hill, Jesse Dittmar, James Earl Jones ’, Darth Vader, Jones, Char Adams, — Joy Y, Wang, Dermatologists, Elizabeth Robinson Organizations: Trump, Republican, NBC News, Federal, Labor Statistics, Louisiana Hurricane, Public, Novo Nordisk, Foo Fighters, Police, Miami Dolphins, NBC Locations: Louisiana, Ohio, New Orleans, Mississippi, Novo, semaglutide, Wegovy, Joe Wilson of South Carolina, Washington, ” New Hampshire, Ukraine, Russia

Craig, the former mayor of Manchester, beat out Cinde Warmington, a former health care lobbyist and a member of the state’s Executive Council, in the Democratic primary. Tuesday’s winners will quickly move into a rapid eight-week general election campaign to replace Republican Gov. She held a wide lead in most polls of the GOP primary, allowing her to set her sights early on the general election. Meanwhile, Maggie Goodlander defeated Colin Van Ostern in a contentious and expensive Democratic primary in New Hampshire’s 2nd Congressional District, the AP projected. The winner of the primary will enter the general election as the favorite in the blue-leaning 2nd District.

Persons: Kelly Ayotte, Joyce Craig, Chuck Morse, Craig, Cinde, Chris Sununu, Amy Walter, ”, Warmington, Maggie Goodlander, Colin Van Ostern, Van Ostern, Goodlander, Jake Sullivan, Hillary Clinton, Annie Kuster, who’s Organizations: Associated Press, GOP, Democratic, Republican Gov, Purdue Pharma, Manchester, Congressional District, AP, Biden White House, Justice Department, Council, White House, District Locations: New Hampshire, Northeastern, Manchester, state’s, New Hampshire’s

☆ The AI theme is 'overcooked' and investors should take shelter in quality defensive stocks, Morgan Stanley's CIO says
▼ + stars: | 2024-09-11 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

In the meantime, they should take shelter in quality defensive stocks, Morgan Stanley says. We just got overcooked on the whole AI theme," Wilson said. AdvertisementWith the AI rally fading for now, Wilson says investors are waiting for a new theme to emerge, and taking shelter in "quality defensive stocks" in the meantime. "In our view, a slowing labor market is consistent with a late cycle backdrop and quality + defensive leadership," Wilson wrote. AdvertisementLast month, Wilson's team added three new quality defensive stocks to its "Fresh Money Buy List," which now totals nine stocks.

Persons: Morgan Stanley's Mike Wilson, Wilson, —, they're, Morgan Stanley, Mike Wilson, Morgan, We're Organizations: Service, Bloomberg Surveillance, Nvidia, Semiconductor

☆ Trump and Harris should have discussed tax plans during the debate: Capital Alpha Partners' Lucier
▼ + stars: | 2024-09-11 | 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 and Harris should have discussed tax plans during the debate: Capital Alpha Partners' LucierJames Lucier, a founding partner at Capital Alpha Partners, joins CNBC's Kelly Evans on "The Exchange" to break down the tax plans of Republican Presidential nominee former President Donald Trump and Democratic Presidential nominee Vice President Kamala Harris.

Persons: Harris, James Lucier, CNBC's Kelly Evans, Donald Trump, Kamala Harris Organizations: Trump, Capital Alpha Partners, Republican Presidential, Democratic

☆ Travel industry may see growth 'roughly cut in half,' says Jefferies analyst
▼ + stars: | 2024-09-11 | 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 EmailTravel industry may see growth 'roughly cut in half,' says Jefferies analystJohn Colantuoni, internet equity research analyst at Jefferies, joins CNBC's Kelly Evans to talk about the online travel companies and his outlook for the broader travel sector.

Persons: Jefferies, John Colantuoni, CNBC's Kelly Evans Organizations: Jefferies

☆ America might be headed for a government shutdown (again)
▼ + stars: | 2024-09-11 | by ( Allie Kelly | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Speaker Mike Johnson on Wednesday pulled a temporary government funding bill off the House floor hours before a planned vote amid dissent within his own party. Senate Majority Leader Chuck Schumer has blasted Johnson's spending bill and his insistence to tie it to the controversial proposal. The only way to reopen the government is for lawmakers to pass a spending bill. The shutdown lasted 35 days, causing 800,000 federal employees to go without pay and costing the federal government billions of dollars. Trump is advocating for a shutdown, calling on fellow Republicans to only accept a spending bill if it includes promises of election security.

Persons: —, Mike Johnson, Johnson, Chuck Schumer, Donald Trump, Kamala Harris, what's, there's, Government shutdowns, couldn't, Kevin McCarthy, Joe Biden, Trump, don't, servicemembers, Bill Clinton, Clinton Organizations: Service, Wednesday, Associated Press, Republican, Business, SAVE, Veterans Affairs, Trump, Democratic, Department of Homeland Security, National Parks, SNAP, Government, Republicans, shutdowns, The Washington Post Locations: Washington

☆ Subprime borrowers are doing better than prime for fintech players, says Mizuho analyst
▼ + stars: | 2024-09-11 | 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 EmailSubprime borrowers are doing better than prime for fintech players, says Mizuho analystDan Dolev, senior analyst in fintech equity research at Mizuho, joins CNBC's Kelly Evans to discuss rising consumer credit concerns, the state of auto loans, top players in fintech to invest in and more.

Persons: Dan Dolev, CNBC's Kelly Evans Organizations: Mizuho Locations: fintech

☆ This corner of the stock market is set to outperform once the Fed starts cutting interest rates, Goldman Sachs says
▼ + stars: | 2024-09-11 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Mid-cap stocks are poised for greater growth than small- and large-caps, Goldman Sachs says. They forecast a 13% return on mid-caps in the next year after rate cuts. AdvertisementThere's one area of the stock market that is likely set for outsized growth after rate cuts: the mid-cap shares. Mid-cap equities have historically seen stronger growth in the year after rate cuts compared to large- and small-caps, analysts from Goldman Sachs say. Goldman Sachs expects the Fed to cut interest rates by 25 basis points at its policy meeting next week, followed by 25 basis points in November and December.

Persons: Goldman Sachs, —, Russell, Goldman Organizations: Service

☆ Best red carpet looks from the MTV VMAs
▼ + stars: | 2024-09-11 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

See below for some of the red carpet’s best looks so far. Jamie McCarthy/WireImage/Getty ImagesAward host Megan Thee Stallion’s eye-catching gown featured a corseted bodice and flared out above and below the knee. Noam Galai/Getty ImagesLil Nas X’s bold pink outfit left social media users wondering whether he was channeling his inner Power Ranger. Noam Galai/Getty ImagesTaylor Swift. Jamie McCarthy/WireImage/Getty ImagesLenny Kravitz, who was awarded the Best Rock VMA on the red carpet, arrived in a shirtless all-black leather look, complete with matching necktie.

Persons: Donald Trump, Kamala Harris, Gaga’s, Madonna, Megan Thee Stallion, Billie Eilish, BlackPink’s Lisa, Tyla, Andrew Kelly, Katy Perry, Michael Jackson, Valerie Terranova, Scrappy, Jamie McCarthy, Megan Thee, Matt Baron, BEI, GloRilla, Noam Galai, Nas, Taylor Swift, Angela Weiss, Shawn Mendes, Suki Waterhouse, Margaret Qualley, Jack Antonoff, Reuters Halle Bailey, Kevin Mazur, Addison Rae, Anthony Harvey, Shutterstock Doechii, Sean, Camila Cabello, Paris, Nicky Rothschild, Evan Agostini, Halsey, Versace, Elizabeth Hurley, Reuters Anitta, Reuters Quavo, Gilbert Flores, Sabrina Carpenter, Bob Mackie, Shutterstock Chappell Roan, Lenny Kravitz, Walker, Dimitrios Kambouris, Lisa, Blackpink, Shutterstock Damiano David of Måneskin Organizations: CNN, UBS Arena, MTV’s, Getty, Reuters, Paris Hilton, Best, VMA Locations: New York

☆ ABC debate moderators live fact-checked Trump’s false claims from the stage
▼ + stars: | 2024-09-11 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

During the June debate, the moderators did not correct false claims made by Trump and President Joe Biden. Ahead of Tuesday night’s debate in Philadelphia, ABC News did not commit to live fact-checking, but as the event got underway both anchors stepped in to debunk false claims made by Trump on at least three occasions. He told us there have been no credible reports of specific claims of pets being harmed, injured or abused by individuals within the immigrant community.”“Well, I’ve seen people on television,” Trump argued. “Weird how the hack moderators at @abcnews are only ‘Fact checking’ Trump and allowing Kamala to lie nonstop. The Fake News is the enemy of the people!” Trump’s son, Donald Trump Jr. wrote on X.

Persons: David Muir, Linsey Davis, Donald Trump, Jake Tapper, Dana Bash, Joe Biden, “, Harris ’, Tim Walz, ” Trump, ”, Trump, ” Muir, I’ve, ” “ I’m, there’s, Muir, Biden, Harris, CNN’s Daniel Dale, ” Dale, Candy Crowley, Mitt Romney, Barack Obama, Chris Wallace, NBC’s Kristen Welker, David Chalian, Kamala, Donald Trump Jr, ” Megyn Kelly, podcaster Organizations: New, New York CNN, ABC, CNN, Trump, ABC News, Republican, Fox News, Washington, NBC Locations: New York, Philadelphia, Ohio, Springfield, Springfield , Ohio, Harris

☆ Winning a medal at the Olympics was hard, but raising twins is a real endurance sport
▼ + stars: | 2024-09-11 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

AdvertisementThe first trimester felt as hard as Olympic trainingI knew we could handle twins. My twins (a boy and a girl, whose names I don't share publicly) were each over seven pounds and very healthy. When I was cleared for exercise after a few months, my au pair brought the twins to the gym. I was doing a 10th of the weight but felt even more exhausted, thanks to the physical demands of nursing twins. AdvertisementI learned to be OK doing less, but to still maintain the discipline to show up day after day.

Persons: —, Adeline Gray, I, Logistically, I'm Organizations: Service, US Wrestling, Business Locations: Rio, Tokyo, Paris, LA

New Hampshire voters will head to the polls Tuesday for a primary that will set up the matchup for one of just two governor’s races in presidential battleground states this year. In addition to North Carolina, New Hampshire is the only other swing state to hold a race for governor this election cycle. “I think that helps people in New Hampshire realize that Kelly Ayotte is a New Hampshire Republican, not a straight party loyalist,” Williams said. In New Hampshire, abortion is banned after fetal viability, or around the 24th week of pregnancy. “We’ve seen in the last few years that governors and state leadership sort of make or break it when it comes to protecting abortion rights,” Levy said.

Persons: Sen, Kelly Ayotte, Chuck Morse, Chris Sununu, Joyce Craig, Cinde Warmington, Amy Walter, Cook, Kamala Harris, Ayotte, Morse, Donald Trump, Trump, didn’t, hasn’t, Chuck Morse’s, he’s, Kelly, ”, Fergus Cullen, Cullen, Trumper, Sununu, Hillary Clinton, Joe Biden, “ She’s, Ryan Williams, “, ” Williams, “ Kelly, she’s, Maya Harvey, Chuck, ” Harvey, Craig, Jon Kiper, Warmington, Joyce Craig’s, Philip Stein, Kelly Ayotte’s, Joyce Craig's, ” Craig, Craig Brown, Craig “, “ It’s, Williams, They’ve, nodded, Neil Gorsuch, Gorsuch, Roe, Wade, Izzi Levy, “ We’ve, ” Levy, Dobbs, we’ve, Jason Osborne Organizations: New, Republican, GOP Gov, Democrats, Manchester, Hampshire, White, Democratic, GOP, New Hampshire Republicans, ” New, Republican Party, New Hampshire Republican, Purdue Pharma, Ayotte, Republicans, Hampshire Democrats, Trump, Democratic Governors Association Locations: New Hampshire, state’s, North Carolina , New Hampshire, Trump, Dover, ” New Hampshire, Manchester, Hampshire, New England, “ New Hampshire

A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Southwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management. Elliott in June revealed a nearly $2 billion stake in Southwest, seeking to oust leadership, including CEO Bob Jordan, who has also spent nearly four decades at the carrier. Southwest has also brought in outside experts, including Bob Fornaro, former CEO of Spirit Airlines and AirTran, which Southwest acquired. Southwest has an investor day scheduled for Sept. 26 in Dallas to expand on these and other initiatives.

Persons: Gary Kelly, Kelly, Herb Kelleher, Elliott, Bob Jordan, Bob Fornaro Organizations: Southwest Airlines, Elliott Investment Management, Southwest, Dallas, Texas, Spirit Airlines, Boeing, U.S Locations: Hollywood, Burbank , California, Southwest, Dallas

☆ New Hampshire Primary Election Results
▼ + stars: | 2024-09-10 | by ( ) www.nytimes.com time to read: 1 min

GovernorFormer U.S. Senator Kelly Ayotte, who has warned voters that New Hampshire is “one election away from turning into Massachusetts,” is expected to defeat Chuck Morse, the former State Senate president, in the Republican primary for governor. Top Democratic primary contenders are Joyce Craig, the former mayor of Manchester, and Cinde Warmington, a former member of the state’s executive council.

Persons: Kelly Ayotte, ”, Chuck Morse, Joyce Craig, Cinde Organizations: Former U.S, State, Republican, Democratic Locations: New Hampshire, Massachusetts, Manchester

☆ Nearly a million more children fell into poverty last year. Both presidential campaigns want to give parents money to fix that.
▼ + stars: | 2024-09-10 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewMore children fell into poverty last year — and it could signal a major issue for both candidates as the presidential election heats up. But child poverty rose faster than that, from 12.4% to 13.7%. "The effectiveness of such a policy is evident when one considers the effects of the Child Tax Credit." And with child poverty only worsening, what candidates can deliver for parents might be particularly salient. Is the rise in child poverty and lack of assistance impacting your family?

Persons: —, Steven Durlauf, Joe Biden's, Kamala Harris, Donald Trump's, Joseph Costello, Harris, Walz, JD Vance, Anna Kelly, Kelly, Trump, Adam Ruben, Josh Bivens, they'd Organizations: Service, Business, The University of Chicago, Stone Center for Research, Harris School of Public, Child Tax, Pew Research Center, Economic Security, Census, Economic Policy Institute, jkaplan Locations: U.S

☆ Stocks making the biggest moves midday: Ally Financial, Southwest Airlines, Oracle and more
▼ + stars: | 2024-09-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Mission Produce , Calavo Growers — Shares gained 20% after the avocado producer reported a year-over-year revenue increase of 24% for the fiscal third quarter. Calavo Growers advanced around 12% after the rival producer reported adjusted earnings of 57 cents per share in its fiscal third quarter. That is more than the 43 cents per share that analysts were expecting, according to FactSet. Oracle — Shares of the database software company surged more than 11% after a fiscal first-quarter beat on the top and bottom lines. For the fiscal second quarter, the company saw growth of 4% in preliminary consolidated same-store sales.

Persons: Russell Hutchinson, LSEG, Piper Sandler, Hewlett Packard, Rubrik, FactSet, Patterson, Gary Kelly, Bob Jordan, Alibaba, Daniel Pinto, — CNBC's Brian Evans, Samantha Subin, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Ally, Mission, Calavo, Calavo Growers, Oracle —, Oracle, Amazon Web Services, Hewlett Packard Enterprise, Hewlett, Juniper Networks, UTI, Southwest Airlines —, Elliott Investment Management, Hong, Reuters, JPMorgan Locations: U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen

☆ CNBC Daily Open: Did Apple’s shiny new things improve market sentiment?
▼ + stars: | 2024-09-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Nic Coury | 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 lineMaybe all it takes are shiny new things to lift our mood and take our minds off recession fears. Of course, Apple's event is not the sole reason markets rose yesterday. They'll also let us know if we can afford those shiny new things that Apple's dangling in front of us.

Persons: HSI, Nic Coury, I'm, Zers, CNBC's Kelly Evans, They'll, – CNBC's Pia Singh, Lisa Kailai Han Organizations: Apple, AFP, Getty, CNBC, Research, Bloomberg, Nvidia, Nasdaq, Dow Jones Industrial Locations: Cupertino , California, U.S, Cupertino

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