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☆ Jim Cramer explains why he's not worried about the Fed's aggressive rate cut
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"You need to know that a rate cut is never bad for stocks, as long as it's telegraphed," he said. "A large rate cut, as long as it's communicated to the media with plenty of time in a considered way, is also acceptable." Investors were anticipating interest rate cuts for some time, with most convinced the Federal Reserve would issue a September cut, but unsure whether it would be by 25 or 50 basis points. By Thursday's close, Wall Street seemed more confident about the cut. Cramer added that a double rate cut means even more cash will flow in from the sidelines.

Persons: CNBC's Jim Cramer, Thursday's, Cramer, you'll Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Fed, Big Tech Locations: homebuilding, cyclicals

☆ NASA awarded $750,000 to a business that wants to feed astronauts fresh microgreens and insects
▼ + stars: | 2024-09-19 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +5 min

Read previewNASA's Deep Space Food Challenge, launched in 2021, asked teams worldwide to develop a sustainable way to feed and nourish astronauts on long-duration space missions, including to Mars. The biotech company Interstellar Lab beat over 300 competing teams to receive NASA's $750,000 grand prize in August for its project NuCLEUS (NUtritional Closed-Loop Eco-Unit System). The software that controls the lighting, humidity, and temperature in each cube manipulates the environment to provide the optimal growing conditions for each plant's nutritional content. Interstellar Lab is launching one of its systems into space next yearPart of NASA's $750,000 award will go toward paying the team for their hard work. Interstellar LabWhile NuCLEUS was designed with NASA astronauts in mind, Belvisi said that Interstellar Lab is also working with private companies.

Persons: —, It's, Barbara Belvisi, Belvisi Organizations: Service, Interstellar Lab, Business, Lab, B12, Lab's, NASA

☆ Washington, DC: Trump says Jewish voters would bear some blame if he loses election
▼ + stars: | 2024-09-19 | by ( Gregory Krieg | Kit Maher | ) edition.cnn.com time to read: +7 min

CNN —Former President Donald Trump said Thursday that “the Jewish people” would be partially to blame if he loses in November, escalating his persistent campaign trail criticism of Jewish voters and insisting that Democrats hold a “curse” over them. But the former president appeared preoccupied with what he described as ingratitude from Jewish voters, whom he said should be supporting him in greater proportions because of his record on Israel. Still, Trump has repeatedly cast his rival as “anti-Israel” and “anti-Jewish.”“You have to defeat Kamala Harris more than any other people on earth,” Trump said, addressing the Jewish voters in the audience. You want to control your politicians, that’s fine,” Trump said at the Republican Jewish Coalition in December 2015. “I’m a negotiator like you folks, we are negotiators.”But Trump’s open frustration with Jewish voters became a more frequent theme in the aftermath of his 2020 election defeat.

Persons: Donald Trump, “ I’m, Trump, Kamala, Harris, Miriam Adelson, “, ” Trump, ”, Israel haters, ” Harris, Israel, Harris’s, Doug Emhoff, Israel ”, Kamala Harris, I’ve, Jose Luis Magana, Amy Spitalnick, footballs, ” Spitalnick, –, “ You’re, Benjamin Netanyahu Organizations: CNN, Republicans, Jewish Democratic, “, ”, Israel, Jewish, Democrats, Democrat Party, Democratic, Biden, American, Abraham Accords, Jewish Council, Public Affairs, American Jewish, Republican Jewish Coalition, Israeli, Hamas Locations: Washington, Israel, Gaza, Jerusalem, Iran, “ Israel, Washington ,, New York, American, United States, U.S, ” “ U.S

☆ JPMorgan's junior bankers just gained an ally in their fight against overwork. Here's what we know about the longtime exec tapped to advocate for them.
▼ + stars: | 2024-09-19 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

Read previewLast week, JPMorgan Chase announced that it would be seeking to limit junior bankers' work hours to 80 per week to tackle concerns over unhealthy working conditions. "So a lot of investment bankers — they've been traveling all week. Jamie Dimon on Tuesday addressed Ryland McClendon's new job ScreenshotThe investment banker's daughterMcClendon grew up near Atlanta, Georgia with her parents and three siblings. AdvertisementIn a 2023 episode of JPMorgan's "Women on the Move" podcast, McClendon said her career path has been heavily influenced by her parents. AdvertisementIn the 2023 podcast, McClendon said she likes to use storytelling as a tool to educate because it can be more effective than numbers alone.

Persons: —, Ryland McClendon, Leo Lukenas, Lukenas, McClendon, Michael Nagle, Jamie Dimon, Dimon, aren't, — they've, It's, Ryland McClendon's, Raymond J, Pryor, Ryland, Marion Barry, SunTrust Robinson Humphrey, we've, what's Organizations: Service, JPMorgan Chase, CNBC, JPMorgan, Business, of America, Getty, Bank of America, Georgetown University, Hartsfield, Jackson Atlanta International Airport, Washington D.C, Duke, econ, Wall Locations: Atlanta , Georgia, Atlanta, Washington, Florida

☆ Cramer's Lightning Round: Viking is a buy
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Viking's year-to-date stock performance. Viking : "You want to buy Viking...This is a really fine company, and it will do well for multiple years because they have many ships coming in." Stock Chart Icon Stock chart icon Gentex's year-to-date stock performance. Stock Chart Icon Stock chart icon Cadre Holdings' year-to-date stock performance. Stock Chart Icon Stock chart icon Celsius' year-to-date stock performance.

Organizations: Holdings, Cadre Holdings

Santana’s 2024 Las Vegas residency begins on October 30 and continues for another seven performances through November 10. Date City StubHub prices Vivid Seats prices Time October 30, 2024 Las Vegas, Nevada $82 $85 7 p.m. October 31, 2024 Las Vegas, Nevada $72 $77 7 p.m. November 2, 2024 Las Vegas, Nevada $111 $113 7 p.m. November 3, 2024 Las Vegas, Nevada $110 $113 7 p.m. November 6, 2024 Las Vegas, Nevada $88 $94 7 p.m. November 7, 2024 Las Vegas, Nevada $104 $115 7 p.m. November 9, 2024 Las Vegas, Nevada $110 $116 7 p.m. November 10, 2024 Las Vegas, Nevada $110 $129 7 p.m. How to buy tickets for Santana 2024 concert tourYou can buy original tickets to see Santana’s 2024 concert tour through Live Nation. Ticket prices for Santana's Las Vegas concerts are reasonable compared to similar acts with residencies in the city. While Santana's House of Blues Las Vegas residency isn't offering any VIP tickets, there are VIP add-ons and extras available.

Persons: Santana, Carlos Santana, we’ve, Maria Maria, group's, they'll, there's Organizations: Business, Blues Las Vegas, Blues Las, Blues, Las, Santana, Mandalay, Santana's Las, Vivid, Santana's, Blues Foundation, showtime Locations: Vegas, Mandalay Bay, Las Vegas, Mandalay, Vegas , Nevada, Santana's Las Vegas, Blues Las Vegas, Las Vegas , Nevada

☆ Kamala Harris is doing more press interviews, if you look closely
▼ + stars: | 2024-09-19 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

Half a dozen interviews later, her media strategy is taking shape, even if viewers in New York and Washington might not be seeing it. In recent days, Harris has granted sit-downs to local media outlets and fielded questions in unconventional forums to target crucial swing state and minority voters. Earlier this week, Harris parried tough questions from the National Association of Black Journalists and taped an appearance with Stephanie “Chiquibaby” Himonidis, a popular Spanish-language radio host and podcaster. Trump’s media strategy is looser – he appears on his favorite Fox shows, gives statements and brief interviews to beat reporters, and holds occasional press conferences. In addition to viewers watching online, Winfrey will invite 400 local voters to join her for the conversation in-person, focusing particularly on voters in battleground states as the election approaches.

Persons: Kamala Harris, Donald Trump, Harris, Tim Walz, Harris parried, Stephanie “ Chiquibaby, Oprah Winfrey, Harris ’, Ian Sams, “, ”, won’t, Trump, Elon Musk, Sams, Trump’s, —, ” Harris, Walz’s, Dana Bash, Biden, Rickey Smiley, Jessica, –, Walz, Winfrey, TikTok, Elizabeth Wagmeister Organizations: New, New York CNN, Democratic, National Association of Black Journalists, CNN, ABC News, Republican, Fox, Elon, Black, Fox News, MSNBC, America, Democratic National Convention, YouTube, Facebook Locations: New York, Washington, Spanish, Phoenix, Arizona, North Carolina, WPVI, Philadelphia, Georgia , Wisconsin

In a little over a month, they will learn whether they have won of one of the most coveted competitions for emerging designers: The Council of Fashion Designers of America/Vogue Fashion Fund. It provides 10 finalists with access to industry leaders, with mentorship on everything from growing their brands to showing at New York Fashion Week. “The fashion fund is also beyond the tangible mentorship or grant, it’s a visibility play,” the CEO said. “The first fashion fund was the reason we started doing runway shows,” he said. Rogers and past finalist House of Aama will be taking their designs to the CFDA/Vogue Americans in Paris Initiative during Paris Fashion Week.

Persons: —, Proenza Schouler, Thom Browne, Browne, Anna Wintour, Roopal Patel, Steven Kolb, There's, Grace Ling, Ling, ”, Kolb, Sebastien, Marianne Amisial, Sebastien Ami, “, “ It’s, Christopher John Rogers, Michelle Obama, Tracee Ellis Ross, Rogers, Shawn Grain Carter, Michael Kors, ” Jackson Wiederhoeft, prepping, Wiederhoeft, Tommy Hilfiger, Rebecca Henry of House, Aama, she's, what's Organizations: New York, Fashion Designers of America, Vogue, Fund, Saks, American, Pacific Islander, Associated Press, Fashion Institute of Technology, Paris Initiative, Paris Locations: New, U.S, Singapore, ” Louisiana, Bushwick, Soho, Paris, Manhattan, ”

☆ We spent over $54,000 renovating our house — but these 5 cheap upgrades actually made the biggest difference
▼ + stars: | 2024-09-19 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen we purchased a three-bedroom fixer-upper in Melbourne, Australia, in 2017, we couldn't wait to move in and get started renovating. Over the course of three years, we spent just over $80,000 Australian dollars, about $54,000, transforming it into our dream home. Here are five fairly low cost upgrades that really boosted our property's appeal and got many compliments from friends and family. AdvertisementIt only cost about AU$200 to make, but it really added to the property's street appeal.

Persons: —, Cameron Church Organizations: Service, Business Locations: Melbourne, Australia

☆ A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households
▼ + stars: | 2024-09-19 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The HOMES Act would establish a new federal housing development authority charged with building and rehabilitating more than a million permanently affordable homes. This so-called "social housing" is notably different from traditional public housing, which is entirely reserved for the poorest households. Rent for all tenants in social housing would be capped at 25% of their income. "There is another way: social housing," Ocasio-Cortez and Smith said in their op-ed. And in California, lawmakers introduced a bill to construct mixed-income social housing on government-owned land.

Persons: —, Alexandria Ocasio, Sen, Tina Smith, Cortez, Gianpaolo Baiocchi, Smith, Baiocchi, Emily Gallagher's, Kamala Harris, she's, Donald Trump, Smith —, Harris, Walz Organizations: Service, New, New York Democrat, Minnesota Democrat, Senate, Business, Urban Democracy Lab, New York Times, New York Locations: Alexandria, Cortez, New York, Minnesota, New, California, Vienna

☆ Feds trying to build an attempted assassination case against man accused in Trump incident
▼ + stars: | 2024-09-19 | by ( Zachary Cohen | Evan Perez | ) edition.cnn.com time to read: +7 min

So far, there is no evidence indicating the suspect was motivated or instructed by foreign elements to target Trump. But prosecutors and investigators have made clear that they view the incident as an apparent plot to kill the former president and are working to build a case with those additional charges. He had not made any threats, for instance, against the president or former president Trump,” Berger said. “You are free to assassinate Trump,” Routh also wrote of Iran in the apparently self-published book. Those posts, on their own, would likely not be enough to charge Routh with attempting to assassinate Trump, according to Aronberg.

Persons: Donald Trump, Ryan Wesley Routh’s, Routh, Routh didn’t, Ryan Routh, David Aronberg, ” Aronberg, ”, Chelsea Walsh, Walsh, Katrina Berger, Berger, Trump, ” Berger, HSI, Butler, “, ” Routh Organizations: CNN, Federal, Trump, FBI, Service, . NY, Beach, Customs, Border Patrol, Security Investigations, HSI, Capitol, Global Citizen Locations: Florida, Trump, West Palm Beach , Florida, North Carolina, Hawaii, Ukraine, Kyiv, Butler , Pennsylvania, Iran, Taiwan, North Korea, Afghanistan, Tehran, Moscow, “

The WNBA has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies Caitlin Clark and Angel Reese. But top WNBA players don't yet have the lofty salaries to match. Once the WNBA season is over, Jones plays a second season in Europe, mainly to complement her salary. The money is allocated from the $75 million the WNBA raised in 2022 from a group of investors. Though the WNBA's success has not yet led to the massive salaries seen in men's pro sports, many in the league believe it's only a matter of time.

Persons: Caitlin Clark, Angel Reese, they've, Sportico's, Cathy Engelbert, Brionna Jones, A'ja Wilson, Breanna Stewart, Jones, I'm, Engelbert, Stephanie White, It's, we've Organizations: WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Disney, Amazon Prime, NBA, Connecticut Sun, The Washington Post, CBA Locations: Europe, The Washington

☆ Mark Zuckerberg's starry watch isn't just the price of a Cybertruck, it's another major step up in his style game
▼ + stars: | 2024-09-19 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.

Persons: —, Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife

☆ Secret Service is investigating Elon Musk's 'Biden/Kamala' assassination tweet
▼ + stars: | 2024-09-19 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewThe Secret Service is looking into Tesla CEO Elon Musk's tweet that questioned why no one was trying to assassinate President Joe Biden or Vice President Kamala Harris. According to Bloomberg News, the Secret Service declined to release information related to Musk's tweet over the weekend due to "enforcement proceedings." A Secret Service spokesperson said the agency knew of Musk's message but would not be offering further comment. As Bloomberg pointed out, the Secret Service often investigates direct and implied threats against the people they protect, including Biden and Harris. AdvertisementMost often, the worst that comes of it is a visit from a Secret Service officer.

Persons: —, Elon Musk's, Joe Biden, Kamala Harris, Donald Trump, Biden, Kamala, elissa M cKenzie,, ince, egan, ake, hite Organizations: Service, Bloomberg News, Business Locations: usk, ried, ut

☆ iPhones are suggesting people 'Check In' with their exes. Yikes!
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Instead of Check Ins only being set up manually, people are getting suggestions popping up on their iPhone screens to remind them to set up a Check In — with random contacts, like exes and bosses. Some people are getting "Check In" suggestions on their iPhones. But the suggestion isn't mutual — Max told me he sometimes gets a suggestion to Check In with his upstairs neighbor. AdvertisementIt's possible to turn off "Siri Suggestions" in both Messages and Maps — which might stop this feature. But this would also mean any other helpful Siri suggestions you like would get turned off.

Persons: you've, We've, Max, Siri, we're, They're, Apple, Kylie Robison, Robison, John Organizations: Service, Business, Apple

☆ Dollar rebounds after Fed goes big on rate cut
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +4 min

The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. Fed policymakers on Wednesday projected the benchmark interest rate would fall by another half of a percentage point by the end of this year, a full percentage point next year and half of a percentage point in 2026, though they said the outlook that far into the future is necessarily uncertain. "So to expect an easing today because of what the Fed has done seems a little bit too hard to believe." Elsewhere, the Australian dollar edged up 0.05% against its U.S. counterpart to $0.6768, while the New Zealand dollar advanced 0.04% to $0.6210.

Persons: Jerome Powell, it's, Rodrigo Catril, —, Eric Robertsen, Sterling, NAB's Organizations: U.S, Wednesday, Reuters, National Australia Bank, Bank of England, New Zealand Locations: U.S, Singapore

☆ Disney is ditching Slack after hackers gained access, and some employees aren't happy. Read the CFO's memo.
▼ + stars: | 2024-09-19 | by ( Lucia Moses | Jyoti Mann | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney is gearing up to stop using the messaging platform Slack, causing apparent grumblings in some corners of the company. Some of the workers complained about an apparent plan to transition to Microsoft Teams, a Slack rival, according to the screenshots. Read the full memo from Disney's CFOFellow Employees and Cast Members, Collaboration is at the heart of our employee culture. Our technology teams are now managing the transition off Slack by the end of Q1 FY25 for most businesses, with DX and more complex use cases following in Q2 FY25.

Persons: —, Slack, Hugh Johnston, Oliver Darcy, Disney's Slack, Hugh, they'd Organizations: Service, Business, Disney, Wired, Street Journal, Microsoft Teams, Microsoft

☆ Postmaster general says ballots should be mailed in a week before Election Day
▼ + stars: | 2024-09-19 | by ( Marshall Cohen | Gabe Cohen | ) edition.cnn.com time to read: +5 min

USPS will work “around the clock” and implement “extraordinary measures” to ensure the timely delivery of mail-in voting, DeJoy said. A record 43% of voters cast mail ballots in 2020, during the Covid-19 pandemic. The level isn’t expected to be as high this year, but many states across the country have expanded the availability of mail-in voting. The USPS says during the 2020 election, which was conducted amid the Covid-19 pandemic, it delivered nearly 99% of ballots from voters to election officials within seven days. Specifically, the election officials said they’ve experienced “exceptionally long delivery times” for election mail, including ballots, which could lead to those ballots getting rejected because they didn’t arrive before the deadline.

Persons: Louis DeJoy, ” DeJoy, Donald Trump, ”, DeJoy, we’re, “, “ …, Trump, Trump’s, they’ve Organizations: CNN, US Postal Service, Postal Service, USPS, GOP, Governors, Trump, National Association of, State Locations: American

☆ I'm a retired pilot who worked for royalty. I had no idea how the rich spent their money.
▼ + stars: | 2024-09-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Kent Davis, a retired Air Canada pilot with more than 40 years of experience. AdvertisementA prime minister, movie stars, and royaltyIn 1972, I joined Air Canada and spent 33 years flying for them. In 2005, I retired from Air Canada and was hired by Prince Alwaleed Bin Talal, a Saudi prince based in Riyadh. Kent Davis flew Prince Al Waleed bin Talal (pictured) and his family around the world. I'm mostly retired now, except for some consulting work with my company, Trans Global Aviation Solutions.

Persons: —, Kent Davis, Prince Alwaleed Bin Talal, Prince Al Waleed bin Talal, CHRISTOPHE ENA, George W, Bush, I'm Organizations: Service, Air Canada, Business, Aviation, Royal Canadian Navy, Navy, Airbus, Boeing, Air India, Trans Global Aviation Solutions Locations: Montreal, Saudi, Riyadh, New York, Republic of Georgia, Greater Caucasus

☆ Kind Snacks founder Daniel Lubetzky: Here's the No. 1 type of valuable employee that most CEOs overlook
▼ + stars: | 2024-09-19 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

In his experience, his best employees have different qualities and skills than he does, says the billionaire founder of Kind Snacks. "You want to be careful not to hire the same person you are," Lubetzky, 56, tells CNBC Make It. Humans are more inclined to collaborate with, befriend and even form romantic relationships with people who have similar interests, education, skills and values. Lubetzky learned the value of working with people who have opposing viewpoints at his first company, PeaceWorks, he says. There is one quality that bosses and employees should always share, Lubetzky says: values.

Persons: Daniel Lubetzky isn't, that's, Lubetzky —, Mark Cuban's, —, Lubetzky, everyone's Organizations: CNBC Locations: Qualtrics

CNN —A senior adviser to Israeli Prime Minister Benjamin Netanyahu has presented to the Biden administration a new proposed ceasefire and hostage deal with Hamas, an Israeli official told CNN. Reactions to the proposal have widely been that it will be a non-starter for Hamas, which has not commented on it. It is unclear whether the proposal addresses the presence of Israeli troops in Gaza after a ceasefire and hostage deal – a key sticking point in stalled negotiations. The Hostages Families Forum, which has been scathing about Netanyahu’s approach to hostage negotiations, welcomed the proposal. They cited Israel’s assassinations of Hamas leaders in foreign capitals, and said they believed Sinwar would prefer to die fighting Israel than to leave Gaza.

Persons: CNN —, Benjamin Netanyahu, Biden, Gal Hirsh, Netanyahu, Yahya Sinwar, Kan, Joe Biden’s, Hirsh, Roger Carstens, Gershon Baskin, Sinwar, ”, ” Baskin, Hitler, ” Hirsh Organizations: CNN, Hamas, Families, United Nations General Assembly Locations: Gaza, Israel, Israeli, Lebanon, New York, “

☆ Netflix co-CEO shares his 1-word productivity strategy: It's 'a powerful tool for focus,' says expert
▼ + stars: | 2024-09-19 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

Netflix has done a lot of things it's said it wouldn't, from becoming an ad-supported streaming platform to including live sports in its programming. When asked why the company has repeatedly gone back on its word at the Fast Company Innovation Festival 2024 on Wednesday, Netflix co-CEO Ted Sarandos explained that, at the time, those declarations probably felt accurate. "'Never' is a focusing word," said Sarandos, who's held his co-CEO role since 2020. This month, Netflix — which has a market capitalization of $303.04 billion, as of Thursday afternoon — announced that it'll begin live streaming NFL games on Christmas Day. For Sarandos, declaring that the company would "never" go down certain paths was, at least partially, about productivity.

Persons: it's, Ted Sarandos, who's, Sarandos, —, it'll, Reed Hastings Organizations: Netflix, Fast

☆ We're trimming a bank stock on a post-Fed pop and still considering swapping it for another
▼ + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

The S & P 500 gave up post-Fed gains Wednesday and closed modestly lower. Morgan Stanley should have a decent pop when trading opens because lower interest rates should boost parts of its business , including investment banking. MS YTD mountain Morgan Stanley YTD We thought Morgan Stanley's share price was too low to sell when we held our September Monthly Meeting last week. Based on premarket prices, Morgan Stanley shares were hovering around $101, representing a much better level to take some off. One more factor behind our trim is that the S & P Short Range Oscillator remained in overbought territory after Wednesday's close.

Persons: Morgan Stanley, Jim Cramer's, Stocks, Morgan Stanley's, Goldman Sachs, Morgan Stanley YTD, We'll, Jim Cramer, Jim Organizations: Federal Reserve, CNBC

☆ Analysis: Hezbollah leader Hassan Nasrallah’s speech shows signs of a group driven deeper underground
▼ + stars: | 2024-09-19 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +5 min

The second sign was that Nasrallah’s address – his first since two waves of attacks detonated thousands of Hezbollah wireless devices earlier this week – was very possibly pre-recorded. The leader of the powerful militant group has not delivered a speech in person since the start of Lebanon’s last all-out war with Israel in 2006. In his speech last month, for example, Nasrallah referenced two sonic booms caused by Israeli jets that had broken the sound barrier over Beirut. The roar reverberated throughout the city yet the Beirut-based militant leader neither flinched nor referenced the incident during his speech. Israel’s fighter jets seemed intent to underscore the gains of Tuesday and Wednesday’s attacks on Hezbollah’s wireless devices: the group had been driven deeper underground.

Persons: –, Hassan Nasrallah, Nasrallah, ”, Mohamed Azakir, Reuters Nasrallah, “ We’ve, “, group’s Organizations: Beirut CNN, ”, American University of, American University of Beirut Medical Center, Reuters, of Locations: Beirut, Israel, Lebanon, American University of Beirut, Gaza

☆ The Boeing strike has already cost the company and its workers $572 million – and the pace of losses is climbing
▼ + stars: | 2024-09-19 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +4 min

New York CNN —The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group. “The first week of losses for Boeing are substantial, but they’ll pale in comparison to what comes in the following weeks,” Anderson told CNN. The strike at Boeing (BA), on the other hand, has yet to have a measurable economic impact on airlines so far, Anderson said. The losses for workers, primarily the 33,000 union members who have gone on strike, as well as for suppliers come to about $117 million in the first week. The strike will also cost about $10 million in local losses, including at businesses near the plants, according to Anderson.

Persons: Patrick Anderson, “, ” Anderson, Anderson, Kelly Ortberg, Boeing’s, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, Anderson Economic, CNN, General Motors, Max, Federal Aviation Administration, FAA, Airbus Locations: New York, Michigan, South Carolina

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