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“What message do you think it sends to independent voters when you do not directly answer the question: Did Donald Trump lose in 2020?" “First of all, on the election of 2020, I’ve answered this question directly a million times: No. You could say — well, let’s say your view is that happened and we still think Trump lost, or that happened and we think that means Trump won,” Vance said. Tim Walz, pressed him about the outcome of the 2020 election. “Did he lose the 2020 election?” Walz asked.

Persons: Sen, JD Vance, Ohio, Donald Trump, Fielding, Vance, Trump, Joe Biden, “, I’ve, ” Vance, Hunter Biden, we’re, “ I’ve, Tim Walz, ” Walz, “ Tim, I’m, ” Organizations: Republican, Trump, Big Tech, U.S, Congress, ABC, Democratic, Minnesota Gov, The New York Times Locations: WILLIAMSPORT, Pa, —, Pennsylvania, Wilmington , North Carolina, Georgia, Minnesota, Williamsport

The Summary Forecasts for hurricanes Helene and Milton were highly accurate. Nearly five days before Hurricane Milton hit Florida, National Hurricane Center forecasters predicted its track within just 12 miles of where the storm later made landfall. And yet, at a time when hurricane forecasts are at their most accurate, some meteorologists say they’ve never faced so much skepticism, hatred and conspiracy-minded pushback. They take it personally.”Hurricane forecasts have become more accurateHurricane forecasts have improved dramatically over the past 50 years. The National Hurricane Center publishes data each year about how its forecasts have aligned with reality, and the trend shows a decline in track errors since the 1970s.

Persons: Helene, Milton, ”, John Morales, they’ve, They’ve, “, there’s, Matthew Cappucci, ” Cappucci, Cappucci, Bill Gates, Bradley Panovich, “ It’s, Kim Klockow McClain, Shel Winkley, ” Winkley, Hurricane Milton “ Organizations: Hurricane Milton, National Hurricane Center, National Weather Service, NBC, MyRadar, Washington Post, Harvard, Climate, NOAA Locations: Florida, North Carolina, Appalachia, Louisiana, Charlotte , North Carolina, Hurricane

Below, I share more about my experience using espresso machines from Nespresso, De’Longhi and Breville during a two-month testing period. SKIP AHEAD Get to know the machines | How I tested the espresso machines | Set up | Usage | Cleanup | Final verdict | Why trust NBC Select? (Nespresso machines are not compatible with any other brands’ pods.) Coffee options: espresso, double espresso, gran lungo, coffee, XL | Coffee compatibility: Nespresso pods | Type of grinder: none (it uses pre-ground coffee pods) | Included accessories: none | Machine size: 8.6 x 14 x 10.4 in. Coffee options: espresso, coffee, americano | Coffee compatibility: whole beans, ground coffee | Built-in grinder: yes | Included accessories: coffee scoop, cleaning kit, water hardness test | Machine size: 9.25 x 17 x 14 in.

Persons: Matte Black, won’t, Bianca Alvarez, They’re, Nespresso, Olivia Ott, it’s, It’s, TikTok Organizations: NBC, Bluetooth, americano, YouTube, Facebook, Twitter Locations: White, americano, New York City, New York, frother

☆ At least 94 people killed after fuel tanker explodes in Nigeria
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

At least 94 people were killed and 50 others wounded when the driver of a fuel tanker lost control and it crashed and exploded in northern Nigeria on Tuesday, a police spokesperson said. The casualties were local residents who had gathered to collect fuel from the tanker after it crashed. The wounded were taken to local hospitals in Ringim and Hadejia towns where they were being treated, Adam said. Many roads in Nigeria, Africa’s most populous country, are poorly maintained and riven with potholes, causing accidents that claim dozens of lives every year. Last month, at least 48 people were killed in north-central Nigeria when a fuel tanker exploded after colliding with another truck carrying travelers and cattle, ensnaring other vehicles as well in the blaze.

Persons: Jigawa State Police Command Lawan Shiisu Adam, Adam Organizations: Jigawa State Police Command Locations: Nigeria, Majia, Abuja, Ringim, Africa’s

But Clark and others in Asheville’s music scene — which has a spunky, up-and-coming reputation — foresee a long recovery ahead. A key question now is how to rebuild lives and livelihoods in Asheville as attention on the region wanes. Debris covers the River Arts District in Asheville, an area popular among artists and musicians. Tim Gormley, who co-owns Burial Beer Co., decided to scrap Burnpile, a music and beer festival that he called his company’s annual “Super Bowl” event. Burial Beer Co.'s Burnpile festival typically draws crowds every fall, but this year's was canceled after Hurricane Helene.

Persons: Kenny Clark, “, ”, Clark, Hurricane Helene, Miranda, Liz Tallent, Grant Halverson, won’t, Tallent, Orange Peel, Katie Cornell, ArtsAVL, “ We’re, Mario Tama, Cornell, Tim Gormley, “ It’s, Gormley, Helene, Anthony Thomas, —, Thomas Organizations: Asheville, Orange, Arts, Cornell, Getty Locations: Nashville , Tennessee, North Carolina, Hurricane, Nashville, Asheville . The, Peel, Asheville, N.C, Tennessee, Charlotte, Raleigh, YMI, American

☆ I'm an Uber and Lyft driver who's worried Tesla's robotaxis will take ride-hailing jobs
▼ + stars: | 2024-10-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

In cities where those companies operate, drivers are already at risk of losing earnings or seeing an impact on their income. I think drivers in Austin and Atlanta will be in a similar position next year as Waymo has plans to launch there, too. AdvertisementEven though I'm driving for Uber and Lyft full-time, it was never meant to be a full-time gig. One of the main reasons I'm an Uber and Lyft driver is to be debt-free. I think Uber wants to be the central hub for all transportation, even if that means it eventually replaces human drivers entirely.

Persons: Tesla's, Tristan Thomas, Thomas, —, Tesla, Elon Musk, I'm, Waymo, Uber, Lyft, there's, I've, Elon Organizations: Business, Service, Drivers Locations: Cruise, San Francisco , Los Angeles, Phoenix, Austin, Atlanta

☆ Giant tube worms found living beneath the ocean’s floor
▼ + stars: | 2024-10-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Scientists have uncovered communities of animals such as tube worms and snails living in volcanic caves beneath the seafloor, revealing a previously unknown but thriving ecosystem. An eelpout swims by a tower of tube worms at the Tica Vent, a hydrothermal vent site on the East Pacific Rise. Tube worms are immobile creatures that settle and grow in one place without moving, like barnacles. A large cluster of stationary tube worms thrives at the Fava Flow Suburbs, a site on the East Pacific Rise. Researchers use a robotic arm to lift a small portion of volcanic rock to verify that life exists beneath the ocean floor.

Persons: “, ”, Dr, Sabine Gollner, Gollner, ” Gollner, Monika Bright, ” Bright, Alex Rogers, Rogers, It’s, ” Rogers, Mónika Naranjo, Shepherd Organizations: CNN —, Central America, Nature Communications, Royal Netherlands Institute for Sea Research, Ocean Institute, Schmidt Ocean, University of Vienna, Ocean Locations: Central, limnology, ”

☆ Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +3 min

The Aussie dropped as much as 0.51% to $0.6669, the lowest since Sept. 12, before changing hands down 0.38% at $0.6678 as of 0133 GMT. The New Zealand dollar sank as much as 0.69% to $0.6041, a level last seen on Aug. 19. China will hold a press conference on Thursday to discuss promoting the "steady and healthy" development of the property sector. The dollar was little changed at 149.135 yen , not far from Monday's high of 149.98 yen, the strongest since Aug. 1. The euro edged 0.05% lower to $1.08875, and earlier touched $1.0882, matching the low from Tuesday, which was the weakest level since Aug. 8.

Persons: There's, Ray Attrill, there's, Attrill Organizations: New Zealand, National Australia Bank, Statistics, U.S, Traders, Fed, European Central Bank Locations: New Zealand, Beijing, China, Statistics New Zealand

☆ CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | 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 lineDespite markets falling Tuesday, there's still plenty to like about their current state. Weighed down by ASML's 16% dive and a report by Bloomberg on potential AI-chip export controls, semiconductor stocks like Nvidia and AMD fell 4.7% and 5.2% respectively. Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey.

Persons: DJI, Spencer Platt, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: AMD, New York Stock Exchange, Getty, CNBC, ASML's, Bloomberg, Nvidia, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: U.S, Beijing

☆ Russia defense chief touts ‘common understanding’ with China in Beijing talks
▼ + stars: | 2024-10-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Their task is to “strengthen and develop” their strategic partnership, the Russian defense chief added. Russia and China have been bolstering their security coordination in the face of shared frictions with the West. Belousov also held talks a day earlier with Chinese Defense Minister Dong Jun, who ranks below Zhang in China’s military hierarchy. Belousov’s arrival in Beijing Monday coincided with China’s military flying a record number of fighter jets and other warplanes around Taiwan during large-scale military drills. China said the drills were intended as a “stern warning” to what it described as pro-independence forces in Taiwan.

Persons: that’s, Andrey Belousov, Zhang Youxia, Xi Jinping, That’s, Zhang, Xi, Vladimir Putin, Belousov, Dong Jun, Andrei Belousov, Wang Yi, Putin, Lai Ching Organizations: Hong Kong CNN, US, China’s, Military Commission, Tass, China’s Defense Ministry, Chinese Defense, Russia's Defense, China's, Russian Defence Ministry, Reuters China’s Ministry of Foreign Affairs, Canadian Locations: China, Hong Kong, Beijing, Russia, Washington, Russian, Kazan, BRICS, Moscow, Ukraine, Ocean, Alaska –, South China, Taiwan

☆ Israel’s weapons: Where do they come from and who supplies them?
▼ + stars: | 2024-10-16 | by ( Antoinette Radford | ) edition.cnn.com time to read: +7 min

CNN —The United States has warned Israel it may stop supplying the country with weapons unless the humanitarian situation in Gaza improves. This is not the first time Israel’s major ally has threatened to turn off supplies. Here’s a breakdown of who supplies Israel with weapons:The United States:The United States is overwhelmingly the biggest supplier of arms to Israel. In 2023 69% of Israel’s arm imports came from the US, according to a report into international arms transfers by the Stockholm International Peace Research Institute (SIPRI). Germany:While in 2023, Germany contributed 30% of Israel’s weapons, that supply has significantly reduced over the course of 2024.

Persons: Joe Biden, Benjamin Netanyahu, Hassan Nasrallah, Olaf Scholz, Kay Nietfeld, Israel “, Antonio Tajani, SIPRI, David Lammy, Gil Cohen, Pedro Sanchez, “, ”, Emmanuel Macron, Macron, CNN’s Mia Alberti, Christian Edwards, Inke Kappeler Organizations: CNN, United, Stockholm International Peace Research Institute, US State Department, Foreign Military, International Court, Justice, Bundestag, Pagella, Labour, MIM, Magen, Getty, Spanish Ministry of Foreign Affairs, European Union and Cooperation, Israel, Spanish, International Court of Justice Locations: United States, Israel, Gaza, Rafah, Stockholm, Germany, Italy, France, Spain, Beirut, Nicaragua, Nazi, United Kingdom, AFP, Lebanon

☆ SpaceX sues California regulator, claiming launches blocked due to Elon Musk’s politics
▼ + stars: | 2024-10-16 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s SpaceX has accused a California regulator of political discrimination after it voted to block the rocket company from conducting more launches on the state’s central coast. SpaceX also conducts commercial launches from the base to deliver its Starlink satellites into orbit. But the California Coastal Commission opposed the plan. At the meeting, commissioners “raised other concerns wholly unrelated to coastal effects,” SpaceX alleged in the complaint, filed in California Central District Court. Joshua Smith, public information officer for the California Coastal Commission, told CNN the agency declined to comment on the lawsuit.

Persons: New York CNN — Elon, “, Mike, Wilson, ‘, Musk, ’, Gretchen Newsom, Newsom, Gavin Newsom, Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris, Biden, Kamala, ”, Joshua Smith Organizations: New, New York CNN, SpaceX, California Coastal, US Air Force, US Space Force, NASA, Vandenberg Space Force Base, California Coastal Commission, Court, US Justice Department, “, FEMA, ”, California Gov, CNN Locations: New York, California, Santa Barbara , California

☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ Triller is finally a public company after years of false starts. Here's its pitch to investors.
▼ + stars: | 2024-10-16 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The creator and marketing company Triller is finally trading on the Nasdaq under the ticker ILLR. The company went public via a reverse merger with a Hong Kong-based company called AGBA. A reverse merger occurs when a private company goes public by acquiring a publicly listed company. That didn't come to fruition, and in December 2021, the company announced plans to complete a reverse merger with a company called Seachange International. Creators, brands, and consumers are the main cohorts that AGBA touts as central to Triller's business in its recent filings.

Persons: Triller, —, TikTok —, It's, Julius, AGBA, Triller's, Mike Lu, Lu Organizations: Nasdaq, Service, AGBA, Holding, Clubhouse Media, Reuters, Seachange, SEC, Big Tech, AGBA's, Facebook, YouTube, Business, Billboard Locations: Hong Kong, buzzy

☆ I'm a boomer who was evicted from my apartment of 25 years. I was angry and embarrassed, but I have no choice but to keep renting.
▼ + stars: | 2024-10-16 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Trina Kaye was evicted from her Los Angeles apartment in 2019 after 25 years. Her apartment was renovated and re-rented at a higher price after her eviction. AdvertisementThis as-told-to essay is based on a conversation with Trina Kaye, a 68-year-old who was evicted from her Los Angeles apartment in 2019. I lived in the same Los Angeles apartment for 25 years, and I loved it. They renovated my apartment and raised the rentI heard from my neighbors in the building that they renovated my unit when I moved out.

Persons: Trina Kaye, California's, —, It's, would've, I've, Robertson, they've Organizations: Service Locations: Los Angeles, Angeles, Fernando Valley, Mar Vista, California, It's, Pico

☆ Elon Musk's SpaceX sues California commission who blocked launches, accusing it of 'unconstitutional overreach'
▼ + stars: | 2024-10-16 | by ( Natalie Musumeci | Geoff Weiss | ) www.businessinsider.com time to read: +6 min

SpaceX has sued the California Coastal Commission. Legal experts said Musk will need to prove the commission would have granted the flights, if not for Musk's politics. In the lawsuit, filed in the US District Court for the Central District of California, Musk's SpaceX accused the commission of '"unconstitutional overreach" after members criticized his political leanings during a meeting about whether to approve more frequent SpaceX launches off the California coastline. "But if a court concludes that it's more likely than not that the result would have been different but for Musk's speech, then there would be a violation," said Volokh. AdvertisementNeither SpaceX nor the California Coastal Commission immediately responded to requests for comment from Business Insider.

Persons: —, Elon Musk, Gretchen Newsom, Musk, Caryl Hart, Eugene Volokh, David Driesen, Driesen, Volokh, Sarah Kreps, Kreps Organizations: SpaceX, California Coastal Commission, Service, Court, Central, Central District of, US Space Force, Vandenberg Space Force, UCLA, Hoover Institution, Stanford University, Syracuse University, Tech, Institute, Cornell University, California Coastal, Business Locations: California, Central District, Central District of California

☆ The stock market is in a 'mania' that will push it higher before a potential 26% drop in 2025, Stifel says
▼ + stars: | 2024-10-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The S&P 500 could lose a quarter of its value next year, according to Stifel. AdvertisementThe S&P 500 looks like it's in the midst of another "mania," and investors could see a steep drop in the benchmark index sometime next year, according to Stifel. AdvertisementThe S&P 500 looks like the fifth stock mania, according to a Stifel analysis spanning the last 139 years. Stocks could be challenged next year due to the uncertain outlook for Fed rate cuts, the strategists suggested. Investors could be impacted for the long-term, they added, pointing to previous manias, which historically led to weak stock returns over the following decade.

Persons: it's, —, manias Organizations: Service, Bloomberg

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

☆ Gold ticks up as Treasury yields slip; U.S. retail sales data in focus
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. "The game changer in gold prices is the U.S. monetary policy easing as it sets the stage for investment demand," said ANZ commodity strategist Soni Kumari. Delegates to the London Bullion Market Association's annual gathering predicted gold prices would rise to $2,941 over the next 12 months and silver prices would jump to $45 per ounce.

Persons: Soni Kumari, Mary Daly, Raphael Bostic, Benjamin Netanyahu, Emmanuel Macron Organizations: SA, Treasury, Federal Reserve, ANZ, San Francisco Federal Reserve Bank, Atlanta Fed, London Locations: Budapest, Hungary, U.S, rearming

☆ She felt trapped in her corporate job in NYC, so she quit and moved to South Korea. Now, she lives alone in a $640-a-month loft.
▼ + stars: | 2024-10-16 | by ( Amanda Goh | ) www.businessinsider.com time to read: +7 min

Chen Teng left her corporate job in New York to move to South Korea in 2016. Now, she lives in a cozy loft and pays 870,000 Korean won, or $640, for rent each month. AdvertisementFeeling trapped at her digital marketing job in corporate America, Chen Teng made a spur-of-the-moment decision to quit and move to a different country. Related storiesHer budget was 10 million Korean won for her deposit, and then under 900,000 won a month for rent. Her rent is 870,000 Korean won, or $640, each month, and Teng paid a deposit of 10 million Korean won for the apartment.

Persons: Chen Teng, —, Teng, weren't, There's, I'm, nothing's, I've Organizations: Service, Yorker, Seoul — Locations: New York, South Korea, Seoul, America, Asia, Korea, Mok, Korean, Brooklyn, Manhattan —, Zillow, New York City

“These are children, they are not carrying weapons,” she told CNN. But doctors were unable to remove the tumor entirely, his mother told CNN last week. “My father believed in thinking big and solving the difficult issue… He was very much for the two-state solution,” Lifschitz told CNN. “He is a child who has nothing to do with what is happening,” the distraught mother told CNN last month. Three of the six had been expected to be released as part of an eventual ceasefire agreement, Israeli officials told CNN.

Persons: Tamara Al, Lifschitz, Nir Oz, Tamara, Israel, –, Khan Younis, Maarouf, ”, Jihad, Sharone, Yocheved Lifschitz, “ Shalom, Oded Lifschitz, “, ” Lifschitz, Yocheved, Yocheved Lifshitz, Alexi J . Rosenfeld, Oded, ” “, ” Sharone, Benjamin Netanyahu, Netanyahu, Mahmud Hams, Joe Biden, Biden, ’ Organizations: CNN, World Health Organization, UN, UNICEF, Nasser Hospital, Getty, Al, West Bank, Ichilov, Israeli, Israel Defense Forces, IDF Locations: Gaza, Rafah, Khan, AFP, London, East Jerusalem, Tel Aviv, Israel, United States, Qatar, Egypt, Aqsa, Deir Al

☆ North Korea's new drones use a 'reverse-engineered copy' of Hellfire missiles from the MQ-9 Reaper, US Army general says
▼ + stars: | 2024-10-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

North Korea is copying the American Hellfire missile, US Army Brig. Pyongyang previously unveiled two drones that looked suspiciously like the MQ-9 Reaper and RQ-4 Global Hawk. AdvertisementThe US military is closely watching a new North Korean drone that uses a "reverse-engineered copy" of the Hellfire missile for the MQ-9 Reaper and RQ-4 Global Hawk, a US Army general said on Tuesday. "North Korea recently unveiled a reconnaissance and multirole UAV that employ a reverse-engineered copy of a Hellfire missile, similar to an RQ-4 and MQ-9," Brig. If the North Korean missiles are, indeed, guided, it's also unknown what system they employ.

Persons: Patrick Costello, —, United States Army Conference . Costello, Costello, Kim Il, it's, general's, David Stewart, Palmer Organizations: missile, US, Service, Hellfire, US Army, of, United States Army Conference, North Korean, Korean Central News Agency, Korea News Service, Korean, The Defense Department, US Special, Command, Pentagon, Business Locations: Korea, Pyongyang, Brig, North Korea, West, Ukraine

☆ Former ECB president weighs in on the ECB rate decision Thursday
▼ + stars: | 2024-10-16 | 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 EmailFormer ECB president weighs in on the ECB rate decision ThursdayJean-Claude Trichet, former ECB president, joins 'Money Movers' to discuss if central banks around the world should be declaring victory, if the European Central Bank will be able to stop the economy from weakening further, and much more.

Persons: Jean, Claude Trichet Organizations: ECB, European Central Bank

☆ Just ignore the word ‘tariff’ — it’s a tax
▼ + stars: | 2024-10-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Especially when you hear words like “tariffs.”But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact: Tariffs are a tax on Americans. Very simply: When the US government decides to put a tariff (read: tax) on, say, Chinese goods, the actual money going to the US Treasury comes from the American company doing the importing. “To me, the most beautiful word in the dictionary is tariff,” Trump said at one point. But it’s important to judge Trump’s first-term trade policies and the Biden-Harris approach against context of the unprecedented tariff wave Trump is planning if he gets to Round Two. Bottom line: Tariffs might be a beautiful word to Trump’s ear, but he’s telling a fictional story about what they do in practice.

Persons: CNN Business ’, New York CNN —, Donald Trump, It’s, —, Annette Choi, Katie Lobosco, podcaster Sean Kelly, David Pakman, Kelly, he’s, ” Kelly, Pakman, “, Trump, ” Trump, John Micklethwait, Micklethwait, it’s, Joe Biden, Kamala Harris, Trump’s, Harris, ”, Scott Lincicome, United States —, ” David Kelly, Matt Egan Organizations: CNN Business, New York CNN, CNN, US Treasury, Bloomberg, Economic, of Chicago, Biden, Trump, Republican, Cato Institute, Peterson Institute for International Economics, Federal, Peterson Institute, Asset Management Locations: New York, China, United States, States

☆ 10-year Treasury yield dips slightly as traders weigh up Fed officials' comments
▼ + stars: | 2024-10-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield slipped over 1 basis point to 4.021%. The 10-year U.S. Treasury yield wavered slightly early Wednesday as bond traders digested the latest comments from Federal Reserve officials this week. Bond markets reopened Tuesday after the Columbus Day holiday on Monday, with bond traders digesting the latest comments from Fed officials this week. On Tuesday, however, San Francisco Fed President Mary Daly said there's room for the central bank to lower rates further. No Fed officials are due to speak publicly Wednesday and no major economic data releases are due.

Persons: Neel Kashkari, Christopher Waller, Mary Daly, —, Lisa Kailai Han, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Bond, Columbus, Minneapolis, San Francisco Fed

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