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On Today’s Episode:Matt Gaetz Withdraws From Consideration for Attorney General, by Peter Baker, Maggie Haberman and Jonathan SwanTrump Picks Pam Bondi, Florida’s Former Top Prosecutor, for Attorney General After Gaetz Withdraws, by Devlin Barrett, Maggie Haberman, Eric Lipton and Kenneth P. VogelThe ‘Landslide’ That Wasn’t: Trump and Allies Pump Up His Narrow Victory, by Peter BakerWhat’s Behind the Remarkable Drop in U.S. Overdose Deaths, by Jan Hoffman and Noah WeilandWith Use of New Missile, Russia Sends a Threatening Message to the West, by Marc Santora, Lara Jakes, Valerie Hopkins, Andrew E. Kramer and Eric Schmitt‘This Helps Netanyahu’: Israelis Rally Around Netanyahu Over Warrant, for Now, by Isabel Kershner
Persons: Matt Gaetz, Peter Baker, Maggie Haberman, Jonathan Swan Trump, Pam Bondi, Gaetz, Devlin Barrett, Eric Lipton, Kenneth P, Vogel, Trump, Peter Baker What’s, Jan Hoffman, Noah Weiland, Marc Santora, Lara Jakes, Valerie Hopkins, Andrew E, Kramer, Eric Schmitt ‘, Netanyahu ’, Isabel Kershner Organizations: Allies, Missile Locations: Florida’s, Russia
The 2-year Treasury yield was last trading at 4.3345% after dipping by more than one basis point. U.S. Treasury yields were lower Friday as investors weighed mixed economic data and assessed the state of the economy. Investors considered the current state and outlook for the U.S. economy after Thursday brought a series of mixed data points. Investors also assessed the latest comments from Federal Reserve officials, scanning them for hints about whether a third back-to-back interest rate cut could be announced when policymakers meet again next month. Chicago Federal Reserve President Austan Goolsbee on Thursday indicated that he saw the need for more rate cuts ahead, but cautioned that the pace of reductions could slow.
Persons: Austan Goolsbee, Michelle Bowman Organizations: Treasury, Investors, Wall Street, Philadelphia Federal Reserve, P Global, Federal Reserve, Chicago Federal Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are still 'early in the game' if they get into bitcoin now, says Bitwise Asset's HorsleyHunter Horsley, Bitwise Asset Management founder and CEO, joins CNBC's 'The Exchange' to discuss outlooks on bitcoin.
Persons: Bitwise Asset's Horsley Hunter Horsley Organizations: Investors, Bitwise Asset Management Locations: bitcoin
M. Jodi Rell, who was the first (and, to date, only) Republican woman to serve as governor of Connecticut, beginning her seven years in office when the incumbent resigned in a corruption scandal, died on Wednesday in Florida. Her family, providing no other details, said she died in a hospital after a brief illness. Mrs. Rell had been the state’s lieutenant governor for more than nine years when, in July 2004, she began completing the term of Gov. Known as a moderate Republican, Mrs. Rell sought bipartisan compromise — a goal that became more important to her, she said, when, five months after becoming governor, she was diagnosed with breast cancer and underwent a mastectomy and reconstructive surgery. She returned to her office in the Capitol in Hartford nine days later.
Persons: Jodi Rell, Rell, John G, Rowland, Dannel P, Malloy Organizations: Republican, Gov, Capitol Locations: Connecticut, Florida, Hartford
AdvertisementJaguar defended its rebranding campaign after online critics roasted a promotional video. The campaign, featuring models and no cars, was criticized as "woke." Jaguar's managing director is defending the British luxury-car maker's rebranding campaign — calling out some of its online critics and characterizing their reaction as "vile hatred" and "intolerance." (Most 2024 Jaguar models have list prices of about $50,000 to $80,000.) In response to the video posted on X by Jaguar, Musk wrote : "Do you sell cars?"
Persons: Jaguar's, Rawdon Glover, Brad Audet, , Glover, India's Tata, Elon Musk, Andrew, Tristan Tate, Ian Miles Cheong, Musk, Nick Freitas, Bud Light, Bud, it's Organizations: Financial Times, Mazda, North America, Jaguar, Rover, Land Rover, India's, India's Tata Motors, Tesla, Republican, Delegates Locations: Virginia
JPMorgan says this steelmaker could gain more than 20% from here
  + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +2 min
Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology makes stainless steel and alloys, including a steel alloy used in manufacturing high-end knives.
Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S
AdvertisementBitcoin is hovering near $100,000 as Trump considers a new crypto chief for his administration. Charles Schwab's incoming CEO said he has not personally invested in crypto and prefers stocks. Schwab plans to enter spot crypto trading, pending regulatory changes under Trump's policies. "Well, I think what's holding me back is just a question around the true value of crypto," he said. Advertisement"We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change, and we're getting ready for that eventuality," Wurster said.
Persons: Charles Schwab's, Schwab, Crypto, they've, Rick Wurster, Wurster, he's, Donald Trump's, Bitcoin, Trump, I've, I'm, They've, Andreessen Horowitz, we're Organizations: Trump, Bloomberg, Biden, Fidelity Investments, Robinhood Locations: bitcoin
Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her. The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve. But that would've required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.
Persons: Oscar Wong, Kayla Morris, Morris, Andreessen Horowitz, Jelena McWilliams, Zach Jacobs, there's, Yotta, Adam Moelis, they've, Jacobs, Andrew Meloan, Meloan, I've, ” Zach Jacobs, McWilliams, McWilliams didn't, Rayburn, Tom Williams, hadn't, Judge Martin Barash, Natasha Craft, they're, Andreatte Caliguire Organizations: Evolve Bank & Trust, Synapse, Evolve Bank, ., CNBC, FedEx, Evolve, Deposit Insurance Corp, U.S, FDIC, Trump, Federal Reserve, Federal Deposit Insurance Corporation, Financial, Prudential Regulators, Megabanks, Depository, CQ, Inc, AMG, Lineage Bank, American Bank, Indiana FedEx Locations: Texas, Tampa , Florida, Yotta, Chicago, California, Mishawaka , Indiana
Authorities in Norway have arrested a Norwegian man who worked as a security guard at the U.S. embassy in Oslo, accusing him of passing sensitive information to Russia and Iran. Under interrogation, the man, identified as Mohamed Orahhou, 27, admitted to collecting and sharing information with an officer from Russia’s domestic intelligence service, the S.V.R., as well as with unspecified Iranian officials, according to Norwegian authorities and Mr. Orahhou’s lawyer. The authorities have not released details about the type of information involved, but on Thursday a court in Oslo, citing the seriousness of the accusations, ordered Mr. Orahhou to be kept in custody for four weeks pending further investigation. “This is a very serious case,” Thomas Blom, an official from Norway’s Police Security Service, said in a text message to The New York Times. “We are at the very beginning of a rather extensive investigation.”
Persons: Mohamed Orahhou, Orahhou, ” Thomas Blom, Organizations: U.S, Norway’s Police Security Service, New York Times Locations: Norway, Norwegian, Oslo, Russia, Iran
AdvertisementWhenever we're with my mother-in-law, she asks my son and daughter-in-law when they'll have kids. While some part of me likes the idea of being a grandparent, I don't mind if it never happens. Without fail, every time we get together, my dear mother-in-law asks, "When are you having children?" I also swore I would not ask them about having children and have since kept that promise. In that, I'm sure I'm like every other parent, wishing for a crystal ball to allay anxieties and lost sleep over what cannot be foreseen or controlled.
Persons: they'll, pinky, I've, It's, , I'm
In a hushed voice, Durham responded to the dispatcher’s questions for more than seven minutes as he frantically reacted to noises coming from outside. Halfway through the call, he said that he might know who the trespasser was. The suspected trespasser, Boudreaux, 31, faces multiple charges including assault with a deadly weapon, home invasion with a deadly weapon, domestic violence and child abuse. Police accountabilityThe incident is the 13th shooting this year to involve a Las Vegas Metropolitan Police officer and the eighth that has led to a fatality, authorities said. That makes this 10 times worse,” Merritt said, stating that police acted with carelessness and negligence.
Persons: , Brandon Durham, Durham, , ” Durham, Alejandra Boudreaux –, Alexander Bookman, Boudreaux, would’ve, Bookman, CNN’s Sara Sidner, Durham’s, Lee Merritt, should’ve, ” Merritt, Brandon Organizations: CNN, KVVU, Las, Metropolitan Police, Police Locations: Vegas, ., Durham, Durham’s, Clark County, “ Durham
U.S. embassy in London reopens after suspicious 'hoax' item found
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: +1 min
A police officer stands in front of the U.S. Embassy, amid ongoing investigation following an incident in London, Britain, November 22, 2024. British police said on Friday that a suspicious package left outside the U.S. embassy in London, which was blown up in a controlled explosion, was a hoax device, according to its initial indications. Police had earlier carried out a controlled explosion near the embassy building, a 12-storey purpose-built glass cube in Nine Elms, south London, and cordoned off some areas. "Initial indications are that the item was a hoax device," London's Metropolitan Police said. The embassy said it was back to normal business operations but that all public appointments for Friday had been cancelled.
Organizations: U.S . Embassy, U.S, Metropolitan Police Locations: London, Britain, Elms
CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.
Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, , Glock, , Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, , Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina
Goldman says 2025 will be the 'year of generating income'
  + stars: | 2024-11-22 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Goldman Sachs Asset Management is predicting 2025 will be the "year of generating income." One focuses on the S & P 500 — Goldman Sachs S & P 500 Core Premium Income ETF (GPIX) and another on the Nasdaq-100 index — Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ ). High-yield muni bonds Shah also sees opportunity for income within high-yield municipal bonds . "Municipal high yield is a good way of generating income that can compete with your appreciation," Shah said. GHYAX YTD mountain Goldman Sachs High Yield Municipal Fund Dividend stocks and bonds Investors can also turn to more traditional forms of income in dividend stocks and fixed income, Shah said.
Persons: Goldman, Ashish Shah, Shah, — Goldman Sachs, Goldman Sachs Organizations: Management, CNBC, Federal Reserve, Crane Data, nab, Investors, Goldman, Nasdaq, Goldman Sachs Nasdaq Locations: securitized
CNN —Whoopi Goldberg’s latest venture, the All Women’s Sports Network (AWSN), has been a long time in the making. It took 16 years, but what the hey!”With AWSN having launched in the US last week, Goldberg has finally achieved a long-held ambition. Available in 65 countries and running 24/7, it is the first global network dedicated entirely to women’s sports. The channel will show live and delayed broadcasts of action from the likes of the UEFA Women’s Nations League, the Women’s Tennis Association and the FIBA 3x3 Women’s Series. Whoopi Goldberg partnered with Chicago-based hospital chain CommonSpirit to launch AWSN.
Persons: Whoopi Goldberg’s, “ I’ve, CNN Sport’s Don Riddell, , I’ve, Goldberg, AWSN, we’re, , , Whoopi Goldberg, Richard Shotwell, ’ ” Goldberg, Emma, Clyde Organizations: CNN, Women’s Sports, UEFA Women’s Nations League, Women’s Tennis Association, FIBA, WNBA, ESPN, USC, Purdue University Locations: Saudi Arabia, Chicago, Black
AdvertisementLindsay Lohan recalled a 1998 conversation about "The Parent Trap" with Michael Eisner when he was Disney's CEO. "The Parent Trap" made six times its budget of $15 million at the box office. Lindsay Lohan said she told Michael Eisner, the former Disney CEO, that he should've paid her twice for playing the Parker twins in "The Parent Trap." Lohan hasn't publicly disclosed how much she was paid for her dual roles in "The Parent Trap," leaving it unclear how much her quippy request represented. AdvertisementElsewhere in the interview with Cohen, Lohan also said she would only be open to a reboot of "The Parent Trap" if its director and co-writer Nancy Meyers were involved.
Persons: Lindsay Lohan, Michael Eisner, didn't, should've, Parker, Lohan, Hallie, Annie Parker, Andy Cohen, Eisner, Lohan hasn't, underpaid, Cate Blanchett, Andy Cohen's, Glen Powell, It's, Jamie Lee Curtis, Cohen, Nancy Meyers Organizations: Disney, Office Locations: Nancy
CNN —Laken Riley’s name was heard in court countless times and repeated by politicians around the country who described her brutal killing. They listened carefully and often sobbed as witnesses described how the last moments of Riley’s life unfolded. From left, Connolly Huth, roommate of Laken Riley, Lauren Phillips, sister of Laken Riley, and Sofia Magana, roommate of Laken Riley, react as Superior Court Judge H. Patrick Haggard announces the verdict on Wednesday. Hyosub Shin/Pool/APShe wanted to live a ‘faithful Christian life’At 22, Riley’s life was largely guided by her Christian faith. He also took a moment to remind people how rich Riley’s life was before it ended.
Persons: Jose Ibarra, Ibarra, Lilly Steiner, Connolly Huth, Laken Riley, Lauren Phillips, Sofia Magana, H, Patrick Haggard, Hyosub, , ” Riley’s, Allyson Phillips, , Jesus, ” Riley, John Phillips, Hyosub Shin, Laken, ” Abby Phillips, Riley, ” Lauren Phillips, , Huth, Steiner, ” Steiner, “ Laken, ” Magana, ” John Phillips Organizations: CNN, University of Georgia’s, Superior Court, Atlanta, AP, Augusta University’s College of Nursing Locations: Woodstock , Georgia, Georgia, St, Honduras, Athens, Clarke, Athens , Georgia, Laken, University of Georgia’s Oconee Forest Park, Lake Herrick
Prosecutors said four of his associates discussed their share of the bribes via Excel and PowerPoint. New York prosecutors charging one of India's richest men with bribery said his associates used Microsoft Excel and PowerPoint to discuss and analyze their corrupt payments. AdvertisementThe Adani Group and attorneys for the other defendants did not respond to requests for comment from BI. Prosecutors said that during this period, the Adani Group falsely told investors at least four times that it had not paid bribes. AdvertisementIn a statement on its website on Thursday, the Adani Group said the prosecution's accusations are "baseless and denied."
Persons: Gautam Adani, Prosecutors, Adani, Sam Bankman, Sagar Adani, Vneet Jaain, Rupesh Agarwal, Agarwal, Cyril Cabanes, Sagar Organizations: Excel, New, Microsoft, Adani, Energy, Power, Prosecutors, New York Stock Exchange, Eastern, of, Adani Group, US Department of Justice, Adani Enterprises, SEC, Wednesday Locations: New York, India, of New York, British, Hong Kong, Indian
There are thousands of altcoins on the crypto market that are smaller, cheaper, younger and less sophisticated than the blue-chip bitcoin. "It has not been alone … crypto coins across the board have exploded higher in recent weeks. The riskiest business At the furthest end of the risk spectrum are meme coins like dogecoin , whose trading ballooned after the election . "I'd urge long-term investors to not place too much emphasis on meme coin activity — easy come, easy go," said Ryan Rasmussen, an analyst at Bitwise Asset Management. "While meme stocks such as Gamestop and AMC are a small part of the equity market, meme coins are a larger part of the crypto market and represent an outsized share of volume."
Persons: Gary Gensler, They've, bitcoin, Wolfe, Rob Ginsberg, it's, Mike Novogratz, Wolfe's Ginsberg, Donald, they've, Ryan Rasmussen, Zach Pandl, John Todaro, Robinhood, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, Trump, Galaxy Digital, Solana, Bitwise Asset Management, lotto, Grasycale Investments, Gamestop, AMC, Robinhood Locations: overbought, bitcoin
Israel pressed on with its bombardment of Lebanon on Friday after issuing widespread evacuation warnings in the country’s south, as the conflict with Hezbollah militants showed no sign of abating despite a U.S.-led push for a cease-fire. Some of the Israeli strikes, which came as Lebanon celebrated its independence day, hit near the southern port city of Tyre, following calls by the Israeli military for civilians to evacuate entire towns in the area and flee more than 20 miles north. Bombings also targeted the Dahiya, the area near Beirut that is in effect controlled by Hezbollah and has been hit hard in recent days. Lebanon’s health ministry said an Israeli strike on Friday killed two paramedics south of Tyre. More than 145 medical workers in Lebanon have been killed in the line of duty since fighting between Israel and Hezbollah began last October, according to the U.N. World Health Organization.
Persons: Israel Organizations: Hezbollah, Health Organization Locations: Lebanon, U.S, Tyre, Beirut, Israel
Your questions about Trump 2.0, answered
  + stars: | 2024-11-22 | by ( Zachary B. Wolf | Leinz Vales | ) edition.cnn.com   time to read: +19 min
CNN —When we asked CNN readers for their questions about the incoming Trump 2.0 administration, we got a lot of nervous and scared feedback. Donald Trump and Ivanka Trump walk to Marine One at the White House in Washington, DC, on January 4, 2021. This is her response:Trump has promised to protect Social Security and not raise the retirement age or make other cuts. For more, read Luhby’s story on how a second Trump term could affect Social Security benefits. For his second term, Trump has promised to find military officials more loyal to him and that he’ll fight an “enemy from within” of political opponents.
Persons: Donald Trump’s, I’m, , Catherine Shoichet, Shoichet, Trump, , Lisa Graybill, Tom Homan, He’s, Kelli Stump, she’s, , Ashley, Joe Biden, Eric Gay, Stephen Miller, Trump’s, Alan, Jim Sciutto, Roman Plipey, Afghanistan –, Vladimir, Putin, Marco, Rubio, Mike, Waltz –, Tulsi, Gabbard, Will, Greg, ” Trump, Donald Trump, Ivanka Trump, Joshua Roberts, hasn’t, Tami Luhby, James, There’s, Portugal's, Armando Franca, Lawrence, Katie Lobosco, that’s, there’s, , Biden’s, Will Trump, Biden, Emily, … Gustavo, doesn’t Biden, Steve Here’s, Ella Nilsen, Jim Watson, it’s, Will Trump’s, Keith Trump’s, Nixon, Adam, ” Sen, Adam Schiff of, ” Schiff, Matt Gaetz Organizations: CNN, Trump, Security, National Immigration Law Center, American Immigration Lawyers, Ashley Presidents, US Customs, National Guard, US, Ukraine, Getty, NATO, White, Reuters, Social, Social Security, Bee, FBI, New Jersey Trump, Republicans, Congress, Pentagon, Trump White House, NPR Locations: Rio, Mexico, Eagle Pass , Texas, Ukraine, Powers, Russia, China, Europe, Kyiv, Roman, AFP, Afghanistan, Maine, Washington ,, Barbara, Louisiana, Italy, Lisbon, Illinois, New Jersey, Florida, North Carolina, Colorado, Red Butte, Tusayan , Arizona, Adam Schiff of California
AdvertisementRussia has sent North Korea 1 million barrels of oil since March, according to satellite imagery analysis. An analysis of satellite images shows Russia defying sanctions to supply North Korea with at least one million barrels of oil this year, according to a new report. In the imagery, vessels would set out from North Korea riding high in the water, but on their return would appear fully laden, the group said. In this image marked up by the Open Source Centre, the Yu Son was deemed to be carrying oil to North Korea. The new findings also give further insight into the continued material exchanges between Russia and North Korea.
Persons: Yu Son, Yu, David Lammy, Ursula Hyzy, Vostochny, Kim Jong Un, Vladimir Putin, Kim, hasn't, Joseph Byrne, Kim it's, Joseph S, Bermudez Jr Organizations: North, BBC, Canadian Armed Forces, UN, UN Security, Getty, Reuters, Carnegie Endowment, Center for Strategic, International Studies Locations: Russia, North Korea, Korea, Ukraine, Vostochny, AFP
CNN —President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN. He is set to meet with her at Mar-a-Lago Friday afternoon, but as is always the case, nothing is final until Trump announces it. The agriculture job will likely be a significant one — especially as Trump’s pick to run the Department of Health and Human Services, Robert F. Kennedy Jr., has promised to assert his influence over the agriculture industry. Loeffler, appointed to the Senate by Georgia Gov. Brian Kemp over the wishes of Trump, lost her seat in a 2021 runoff to Democratic now-Sen. Raphael Warnock.
Persons: Donald Trump, Kelly Loeffler, Loeffler, Michael Whatley, Sen, Marco Rubio, Elise Stefanik —, Robert F, Kennedy Jr, Brian Kemp, Trump, Raphael Warnock, Joe Biden’s, , CNN’s Zachary Cohen Organizations: CNN, Department of Agriculture, Mar, Trump, Senate, Republican National, of Health, Human Services, Georgia Gov, Democratic, Capitol Locations: Georgia, Washington, Trump’s
For the first 53 years of his life, Elon Musk barely spent any time with Donald J. Trump. Then, beginning on the night of Nov. 5, he spent basically no time without him. And so Mr. Musk, more than any other key player in the presidential transition, finds himself in a cram session to learn the courtier politics of Mr. Trump’s inner circle. For the world’s richest person — not known for his humility or patience — it is a social engineering challenge far trickier and less familiar than heavy manufacturing or rocket science. The answer, as discarded aides from Mr. Trump’s first term will tell you, may depend on Mr. Musk’s ability to placate the boss and keep a relatively low profile — but also to shiv a rival when the time comes.
Persons: Elon Musk, Donald J, , Trump’s, shiv Organizations: Trump Locations: Washington, Silicon
The atlas suggests ovaries are an untapped, rapid way to study human longevity treatments. Or, more specifically, test them out on aging ovaries, whether in well-controlled human studies, in the ovaries of mice, or in donor tissue samples. It shows that ovarian aging is a great proxy for overall human aging at a molecular level — ovarian aging is just happening several decades earlier, and very rapidly. So more and more people are paying attention to this concept of ovarian aging and considering it as a true aging process." Her study displays in fine cellular and molecular detail how human ovaries age, and how genetics impact the process.
Persons: Yousin Suh, Suh, Francesca Duncan, Duncan, It's Organizations: Columbia University, Northwestern University, Getty Locations: perimenopause
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