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Morgan Stanley is pounding the table on several stocks as investors wait to see if October markets are tumultous or quiet. Morgan Stanley said that even though recent data shows that total cold storage inventory has been down, Lineage still sees plenty of room for growth. Morgan Stanley walked away from Thermo's recent analyst day raving about the stock. Overseas growth, especially in China, remains subdued for now, but Morgan Stanley is optimistic that the latest China stimulus will improve the economic outlook. In addition, Morgan Stanley sees a "significant runway" for higher margins as the Federal Reserve continues its rate-cutting cycle.
Persons: Morgan Stanley, Ronald Kamdem, Kamdem, Tejas Savant, Savant, Manan Gosalia, CRE, Gosalia Organizations: T Bank, Taiwan Semiconductor, Tejas, T, Buffalo, MTB, Federal Reserve, Taiwan Locations: U.S, China
It's officially a new trading month, and HSBC recommends investors broaden their exposure in the fourth quarter by seeking out stocks with more reasonable valuations. "These 'big' companies represent the lion's share of equity index returns year to date." HSBC has a buy rating on the stock. In all, 16 of the 29 analysts covering GM have a strong buy or buy rating, and its average price target of $54.35 implies nearly 19% upside from Friday's close, per LSEG. The remaining 11 have a buy or strong buy rating.
Persons: It's, Nicole Inui, General Motors, Goldman Sachs, Goldman Organizations: HSBC, Dow, Industrial, Nasdaq, Federal Reserve, General, GM, Pharmaceutical, Pfizer, Delta Air Lines Locations: Americas, U.S
Lawmakers are appealing to President Joe Biden to use the remaining time in his term to work for the release of Americans who are “wrongfully detained” in China, saying U.S. officials need to do more to help secure their freedom. “There are more Americans wrongfully detained in China than in any other country. They deserve tenacious advocacy to gain their release,” said Smith and Merkley, co-chairs of the Congressional-Executive Commission on China. China has denied the allegations and says it has treated detained Americans properly and respected their legal rights. Dui Hua, a rights group that advocates for detainees in China, estimates there are more than 200 Americans “under coercive measures” in China.
Persons: Joe Biden, , Chris Smith of, Democratic Sen, Jeff Merkley, Smith, David Lin, Kai Li, Mark Swidan, Hua, Li, Biden, Paul Whelan, Evan Gershkovich, Alsu Kurmasheva, Xi Jinping, , Li’s, Harrison Li Organizations: ” Republican, Democratic, Congressional, Commission, State Department, White, and State Department Locations: China, Chris Smith of New Jersey, Oregon, Washington, Long Island , New York, Texas, Russia, People’s Republic of China, United States
The virtual event, organized by Emgage Action, which endorsed Vice President Kamala Harris last week, was the most direct pitch yet to conflicted Muslim and Arab voters from her or Walz. “As-Salaam-Alaikum,” Walz said on the call, using the Arabic greeting, before he turned to the war on many Arab and Muslim voters’ minds. Some Muslim activists and elected officials they say are disappointed to have heard little from the Harris campaign since then. During the campaign, some disaffected Muslim and Arab voters have flocked to third-party candidates like Jill Stein and Cornel West, both of whom picked Muslim running mates and have courted pro-Palestinian voters. “We understand that some Muslim voters, any voter, may feel a moral dilemma voting for [Harris].
Persons: Tim Walz, Harris, Kamala Harris, Walz, ” Walz, , , Donald Trump’s, Joe Biden’s, they’re, Jill Stein, Cornel West, Trump, Wa’el Alzayat, Donald Trump, Mohamed Gula, we’re, Keith Ellison, Biden, “ Kamala Harris, Biden ”, ” Ellison, Andy Levin, , Rosh Hashanah, Ro Khanna, Benjamin ] Netanyahu, ” Khanna Organizations: Democratic, Biden, Emgage, Harris, Lebanese, Israel, Democratic National Convention, Cornel, Minnesota, Palestine, Locations: Washington, Lebanon, Minnesota, Gaza, , Israel, Michigan, Hamtramck , Michigan, U.S, United States, Rosh
He says that quiet vacationing made him more productive at work because he was so happy. Over the course of 15 months, I spent a total of 10 weeks quiet vacationing from my fully remote job. I think quiet vacationing may be good for productivity; I was genuinely so happy while traveling the world, and it translated into my productivity at work. On some quiet vacationing days, I had to work a little later to get things across the line, but I became very efficient. A quiet vacation day in Europe might look something like this: Wake up around 8 or 9 a.m. and eat breakfast at the hotel.
Persons: Oluwole, , Tobi Oluwole, Lyon —, didn't, would've, I'd, Slack, We've, Tobi, Jane Zhang Organizations: Service, Big Tech, Camp, Oluwole, Barcelona football, Houston, Toronto, Montreal, London, Toronto Raptors, LinkedIn Locations: France, , Lagos, Nigeria, Brussels, Atlanta , Georgia, Tennessee, Toronto, Ottawa, Lisbon, Barcelona, Cancun, Atlanta, Francisco, Rome, Amalfi, Paris, Los Angeles, Vancouver, London, Punta Cana, Dominican Republic, Mexico, Canada, Europe, Portugal
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations as it awaits U.K. regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said, during which an IPO-bound company fields large investors' questions and tests their investment appetite. Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year, Reuters reported in June, citing sources. Shein's preparations for a potential London listing marks a shift from its long-running U.S. IPO plan, which has run into obstacles at home and abroad, Reuters has reported.
Persons: Shein confidentially Organizations: Reuters, Financial, Authority Locations: Guangzhou, China's Guangdong province, Shein, China, Europe, Singapore, York
"I tell you, I have never voted for a Democrat, but this year, I am proudly casting my vote for Vice President Kamala Harris," Cheney told the crowd. Cheney said in September that both she and her father, Republican former Vice President Dick Cheney, would be voting for Harris over their party's nominee, former President Donald Trump. The Harris campaign has been looking for ways to take advantage of opposition to Trump within the Republican party. Since then, a small but growing number of prominent Republicans have come out in support of Harris' presidential campaign, including former Trump White House aide Cassidy Hutchinson and the Cheneys. "We have plenty of policy disagreements with Vice President Harris.
Persons: Liz Cheney, Kamala Harris, Harris, Cheney, Dick Cheney, Donald Trump, Trump's, Jack Smith, Trump, Harriet Hageman, Republican party's, Liz, Cassidy Hutchinson, Walz, denialism, Donald Trump's, Nikki Haley, Hillary Clinton, Joe Biden Organizations: Republican, Democratic, Democrat, Republicans, Washington D.C, House Republican Conference, Wyoming GOP, Trump, Republican Party, Historic Landmark, Trump White House, Wisconsin Republican, Wisconsin Republicans, Harris, Wisconsin's Electoral, Badger State Locations: Ripon , Wisconsin, Washington, Wyoming, Wisconsin, Carolina, Ripon
Michigan, which Joe Biden narrowly won in 2020, will be a crucial battleground again this November and is home to a large Arab American population. CNN has reached out to the Harris campaign for comment about the meeting. He cited growing frustration with what he described as a campaign more concerned with optics than addressing the anger and anxiety among Arab American voters. There were no leaders,” Zogby said of the Wednesday conversation. That call and other communications with the Harris campaign, and Biden’s before that, have irked the longtime Democratic pollster.
Persons: Kamala Harris, Harris, Joe Biden, Biden, Donald Trump, Abbas Alawieh, Alawieh, ” James Zogby, Zogby, Phil Gordon, , ” Zogby, they’ve, , ’ ” Abed Ayoub, Ayoub, Harris ’, Tim Walz, ” Walz, Organizations: CNN, Democratic, Biden, Democrats, Capitol Hill, Arab American Institute and, Democratic National Committee, Harris, , Minnesota Gov Locations: Flint , Michigan, Lebanon, Israel, Iran, Iranian, Yemen . Michigan, Gaza, Detroit, Palestinian American, Chicago, Michigan, Palestine
US stocks rose 1% and the Dow hit a record as the jobs report alleviated slowdown worries. AdvertisementUS stocks surged about 1% on Friday after the September jobs report soothed fears of an economic slowdown. According to the CME FedWatch Tool, odds of a 50-basis point cut dropped to 0% from 53% last week. Consensus now expects two 25-basis point rate cuts from the Fed at their next two FOMC meetings before year-end. ING's chief economist, James Knightley, said the jobs report was "unambiguously strong."
Persons: , Dow, Sonu Varghese, Jeffrey Roach, James Knightley, Knightley Organizations: Dow, Service, Federal, Fed, Financial Locations: Here's
"It also increases the possibility of a no-landing as well, meaning even stronger economic data for 2025 than we currently expect." watch nowBeyond that, it virtually eliminated any chance that the Federal Reserve would be repeating its half percentage point interest rate cut from September anytime soon. But broadly speaking, the news was very good and raised questions over just how aggressive the Fed will need to be. Jones said the Fed will have a dilemma on its hand as it figures out the proper policy response. "In an election year, passions run high and every economic report or event can garner intense reaction.
Persons: Anna Rose Layden, We've, Beth Ann Bovino, Friday's nonfarm, Dow Jones, Bovino, David Royal, Kathy Jones, Charles Schwab, Jones, they're, Elizabeth Renter Organizations: Outfitters, Getty, Federal Reserve, U.S . Bank, Fed, Fed Bank of America, Wall, U.S Locations: Tysons , Virginia, U.S
Treasury yields dip ahead of September jobs report
  + stars: | 2024-10-04 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
The 10-year Treasury yield was lower by one basis point at 3.84%, while the yield on the 2-year Treasury was also one basis point lower at 3.697%. U.S. Treasury yields were slightly lower early Friday as investors gear up for the closely watched September jobs report. Treasury yields rose on Thursday after ADP data showed private payrolls grew by more than expected in September. Private companies added 143,000 jobs, ahead of August's figure of 103,000 and a forecast of 128,000. That was given as justification for the jumbo 50-basis-point interest rate cut carried out by the Fed last month.
Persons: Dow Jones, Jerome Powell, Powell Organizations: Treasury, U.S, Fed
One said the proposed development is "more suited to Disneyland." AdvertisementAn American billionaire's plan to build a home in the English countryside is not going over well with local residents, one of whom said it was "more suited to Disneyland." Burkle's proposed home would be near Soho Farmhouse, a countryside outpost of the members-only chain. AdvertisementAn illustration of Ron Burkle's proposed countryside home in England. Martin Leay AssociatesBurkle is having a hard time, however, getting approval for his rural home from West Oxfordshire officials.
Persons: Ron Burkle, , He's, Ron Burkle's, Burkle's, Martin Leay, Burkle, Monteverdi, Mascagni, Mozart, Little Tew's Organizations: Soho House, Service, Yucaipa Companies, West, West Oxfordshire District, Business, Little, National Locations: England, Soho House, Little Tew, West Oxfordshire, Soho
Liz Cheney, a former Republican congresswoman and daughter of a former Republican vice president, will join Vice President Kamala Harris on Thursday at a campaign event in Ripon, Wisconsin, the city commonly recognized as the birthplace of the Republican Party. And because of the danger that Donald Trump poses, not only am I not voting for Donald Trump, but I will be voting for Kamala Harris,” Cheney said at Duke University in Durham at the time. Days later, Cheney’s father, former Vice President Dick Cheney, said he planned to vote for Harris, as well. That is why I will be casting my vote for Vice President Kamala Harris. To ensure our democracy and our economy remain strong for another four years, we must elect Kamala Harris and Tim Walz to the White House," the Republicans wrote in an letter released Wednesday.
Persons: Liz Cheney, Kamala Harris, Cheney’s, Harris, Donald Trump, Cheney, Trump, ” Cheney, Dick Cheney, , Ripon, ” Harris, Adam Kinzinger of, Jimmy McCain, Sen, John McCain of, Jeff Flake, , ” Flake, Tim Walz, Walz, George W, Bush, McCain, Mitt Romney Organizations: Republican, Republican Party, Democratic, Justice Department, Duke University, Capitol, Wisconsin Republicans, Harris, White Locations: Ripon , Wisconsin, North Carolina, Durham, United States, Madison , Wisconsin, Adam Kinzinger of Illinois, John McCain of Arizona, Arizona, Wisconsin, Utah
See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.90%, according to Zillow data. Current 15-Year Mortgage RatesAverage 15-year mortgage rates are in the low 5% range, according to Zillow data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.
Persons: Freddie Mac, it's, Fannie Mae Organizations: Fed, ADP, Bureau of Labor Statistics, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government
Rowan said the firm is testing new tactics to motivate employees to "play to win." Here's how and why the firm has turned to frozen yogurt and 4:30 a.m. wakeups. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"We believe that assets are what is going to be scarce rather than capital," Rowan said, referring to an environment of more limited investment opportunities.
Persons: Rowan, , Marc Rowan, We've, Lehman, I've, They're, it's Organizations: Service, New, Apollo, Nvidia, that's
On October 21, 2021, Alec Baldwin fired a gun while rehearsing a scene for the movie "Rust" that killed cinematographer Halyna Hutchins and injured director Joel Souza. Prop masters union said the gun Baldwin fired contained live roundsAn email from the International Alliance of Theatrical Stage Employees Local 44 to its members revealed that the gun Baldwin fired had a live round, according to Indiewire. The email from the union also confirmed that the shot Baldwin fired hit both Hutchins and Souza. The Times also reported that a search warrant was issued of the "Rust" set and that a judge has ordered that all equipment be searched for evidence. AdvertisementPrevious reports from the "Rust" set say two accidental gun discharges happened the weekend before the fatal shooting of Hutchins.
Persons: Alec Baldwin, Halyna Hutchins, Joel Souza, Hannah Gutierrez, Reed, Baldwin, , Hutchins, Souza, Christus St, Mark Sagliocco, KOAT, Instagram, halynahutchins Baldwin, Dave Halls, ANNE LEBRETON, Juan Rios, Rios, armorer Hannah Gutierrez, Ryan Kiera Armstrong, Nicolas Cage, Gutierrez, Reed's, armorer, Armstrong, Hollywood armorer Thell Reed, Mamie Mitchell, Mitchell, Jim Spellman, Halyna, Kevin Mohatt, Rust, Matt Hutchins, Joel, Alec, Jae C, Sam Wasson, Santa Fe Sheriff Adan Mendoza, Facebook Armorer Gutierrez, Hannah, Jason Bowles, Robert Gorence, Stu Brumbaugh, Serge Svetnoy, Facebook Hutchins, George Stephanopoulos, Stephanopoulos Organizations: Service, Santa Fe New, Los Angeles Times, University of New, University of New Mexico Hospital, Christus, Vincent Regional Medical Center, International Alliance, Construction, New, The New York Times, Associated Press, Times, Getty, New York Times, LA Times, Daily, Metro, Santa Fe Sheriff's, CNN, REUTERS, Albuquerque Civic, The New York, New York, American Film Institute, AP, Police, Office, Halls, The, ABC Locations: Poland, Western, EnergaCamerimage, Here's, Santa, Santa Fe, Santa Fe , New Mexico, University of New Mexico, New Mexico, AFP, Santa Fe County, Albuquerque , New Mexico, Albuquerque, Fe, Mexico
Global stocks dipped again on Thursday, while oil prices rose further as markets braced for a wider regional war in the Middle East. "He has been advocating for hitting Iran and for the United States to target Iran. There are several potential targets Netanyahu may be considering:Iran's oil facilitiesOne target could be Iran's oil production facilities. Oil prices spiked for a third day on Thursday, fueled by speculation that the growing conflict could limit production. With oil prices rising, there are fears that the industrial recession the US economy is experiencing could snowball into a full-fledged downturn.
Persons: , Benjamin Netanyahu, Netanyahu's, Netanyahu, Sen, Lindsey Graham of, Biden, Piper Sandler, Jake Oubina, Axios, Beni Sabti, Ayatollah Ali Khamenei, Chris Doyle, Naftali Bennett, Bennett, Gen Herzi Halevi, Farzan, Sabet, Israel's Organizations: Service, Experts, Central, Politics, Deakin University, Iran, Financial Times, Reuters, Brent, West Texas, Fox Business, Institute of National Security, Iran's Revolutionary Guard, Council, Guardian, US, Military, Global Governance Centre, Geneva Graduate Institute Locations: Israel, Iran, Middle East, Australia, United States, Lindsey Graham of South Carolina, Tel Aviv, British
Mortgage rates are starting the month a little higher, with 30-year rates hovering around 5.90%, according to Zillow data. But if conditions hold up, mortgage rates will likely remain near their current levels through the end of 2024. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: they've, Jerome Powell, you'll, They've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Today's, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Nashville, Chevron
Advertisement"I knew it was coming," Joy-Ann told BI. She told BI there's a lot to like about being back in a more traditional work environment, but it hasn't made her a more productive employee. Because she works in the office, Joy-Ann said it feels easier to step away from her desk. AdvertisementThat in-person connection can benefit people's careers, as Hannes Schwandt, an associate professor of Human Development and Social Policy, previously told BI. She hasn't seen a productivity boost — yetDespite the benefits, Joy-Ann told BI that working in the office has not made her more productive at her job — at least not yet.
Persons: Ann, , Joy, hasn't, she's, Hannes Schwandt, Ann said, Ann doesn't, It's Organizations: Service, Amazon, JPMorgan, Apple, Disney, Human, Social Locations: New Jersey, New York City
Andy Jassy is thinking long-termThe recent return-to-office mandate requiring employees to work from the office five days a week is tricky. I think Jassy is thinking long-term, which is one of the core features of Amazon's leadership principles: long-term thinking. The third leadership principle I think Jassy is enforcing is frugality. The principle says that leaders work daily to create a safer, more productive, higher-performing, and diverse work environment. I think Jassy looks at this and says, "That is what I am doing."
Persons: John Rossman, Rossman, , it's, Andy Jassy, they'd, Andy Jassy's, Jeff Bezos, Jassy Organizations: Amazon, Service Locations: America
Several major banks, including Capital One 360, Ally, and BMO Alto, responded by dropping their high-yield savings account rates. It's not as easy to find 5% interest savings accounts as it was before the Fed meeting. However, there are ways you can navigate savings rate declines to keep earning a high interest rate for a bit longer. Savings account interest rate dropsIf you're using a major online bank to earn a high interest rate on your savings account, you might be disappointed by the recent Fed interest rate cuts. Capital One 360 Performance Savings fell from 4.25% APY to 4.10% (rate as of 9/27/24) APY, while Ally lowered its savings account rate from 4.20% to 4.00% APY.
Persons: , Ally didn't, Ally, Marcus, Goldman Sachs, Pibank, we've, you'll, Kit Pulliam, They’ve, Kit Organizations: Fed, BMO Alto, Federal Reserve, Capital, BMO, CIBC USA, Navy Federal Credit Union, Pibank Savings, Pulliam, Business, Tax, MSN, Vanderbilt University
Ilia Yefimovich/dpa | Picture Alliance | Getty ImagesMarkets are in danger of being "whipsawed" by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow at Yale Law School's Paul Tsai China Center. Most Asian markets fell on Wednesday, tracking losses on Wall Street overnight, as investors fretted over rising tensions in the Middle East. A higher-than-expected unemployment rate could prompt the Fed to accelerate the easing cycle to achieve a soft landing. The unemployment rate in September is expected to come in at 4.2%, according to data of a Reuters poll on LSEG, unchanged from the August figure. The unemployment rate had jumped to near a three-year high of 4.3% in July, a dramatic rise from the five-decade low of 3.4% in April 2023.watch now
Persons: Ilia Yefimovich, Stephen Roach, Yale Law School's Paul Tsai, Hassan Nasrallah, Roach, CNBC's, Stephen Stanley, Kelvin Tay Organizations: Missiles, Getty, Yale Law, Yale Law School's Paul Tsai China Center, Wall, Israel Defense Forces, Santander, Organization of, Petroleum, Energy Information Administration, UBS Global Wealth Management, U.S . Federal Reserve, Traders, U.S, U.S . Federal Locations: Israel, Tel Aviv, Iran, United States, Iranian, Lebanon, U.S .
Nonetheless, Trump told his advisers that he would claim victory before the ballots were fully counted, prosecutors say. One private political adviser, three days before Election Day 2020, described Trump’s plan as: “He’s going to declare victory. When Trump told the staffer he would not pay the private lawyer spearheading his legal challenges unless the challenges were successful, the staffer told Trump that the private attorney would never be paid. The person is described as White House deputy chief of staff. Therefore, even if some of Trump’s alleged wrongdoing occurred on White House grounds and in front of White House staff, he doesn’t have immunity because that fell under the “political” umbrella, Smith’s team wrote.
Persons: Donald Trump, Jack Smith, Smith, Trump, Kamala Harris, Tanya Chutkan, Chutkan, Joe Biden, , Prosecutors, Biden, Brooks, Al Gore, George W, Bush, he’s, , “ Trump’s, ” Trump, , Rudy Giuliani, Giuliani, wouldn’t, Mike Pence, Pence, Mike Pence didn’t, , Trump’s, doesn’t Organizations: CNN, Trump, , FBI, Prosecutors, Detroit Counting, Riot, Democratic, White, White House, Capitol, USA Locations: Washington ,, Philadelphia, Florida, Trump, Georgia
Living alone as a college student taught me how to be independent and build community. However, when the pandemic moved classes online in the middle of my freshman year, I moved back in with my parents to attend a local community college. But I'm now moving in with a roommate for my last year of collegeI loved living alone, but it isn't for everyone. I had to make a tough decision: Do I want to spend my last year in college working harder than ever to pay rent? In two months, I'm moving into an apartment with my friend that is closer to campus and almost $200 less in rent.
Persons: , weren't, I'm, Alex Klaus Organizations: Service, Central Michigan University, Wayne State University, Connect, LinkedIn Locations: Detroit, Detroit , Michigan
A 37-year-old manager at Microsoft says AI has changed his workflow. I still have a full workloadWhile AI has definitely helped with skipping mundane tasks, that's not exactly what my team's work is focused on. Whatever time I'm getting back from leveraging AI, I'm using it for some other work. Once the developers start writing code for these projects and do the actual work, that's where we leverage AI. So that's why developers are using AI wherever they can to reduce their time, but they are using any time saved for other tasks or other features.
Persons: , Santhosh Reddy, ChatGPT, I've, It's, I'm, it's Organizations: Microsoft, Service, Google Locations: OpenAI
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