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Washington CNN —President Joe Biden said he is grateful former President Donald Trump is safe after a shooting at his rally in Pennsylvania. Speaking from Rehoboth Beach, Delaware, about two hours after the shooting, Biden said, “There’s no place in America for this kind of violence.”“It’s sick,” the president added. Biden and Trump spoke late Saturday night, a White House official said. He’ll receive an updated briefing from homeland security and law enforcement officials on Sunday, the White House official said. It’s unconscionable,” a senior White House official told CNN.
Persons: Joe Biden, Donald Trump, Biden, , ” “, , Trump, , Richard Goldinger, He’ll, “ Jill, Julie Chávez Rodríguez, Jen O’Malley Dillon, ” “ We’re, Chávez, O’Malley Dillon, ” Biden’s, Jeff Zients, It’s, CNN’s Evan Perez, Camila DeChalus Organizations: Washington CNN, White, Trump, CNN, Edmond’s Catholic, House, White House, Service Locations: Pennsylvania, Rehoboth Beach , Delaware, America, Butler County , Pennsylvania, St, Rehoboth Beach, Delaware, United States
Shooting at a Trump Rally in Pennsylvania: Diagrams, Maps and PhotosThe Associated Press; Photograph By Doug Mills/The New York TimesFormer President Donald J. Trump was whisked off the stage at his rally in Pennsylvania on Saturday after an armed person fired shots toward the area where he was speaking. The New York TimesThe rally took place on the grounds of the Butler Farm Show in Western Pennsylvania, about 35 miles outside of Pittsburgh. In a statement, a spokesman for the Secret Service said that one spectator at the rally was killed and two were critically injured. The suspected shooter was killed by the Secret Service, according to three people who had been briefed on the matter. Eric Lee/The New York TimesFollow live Times coverage of the shooting here.
Persons: Doug Mills, Donald J, Trump, Witnesses, Eric Lee Organizations: Trump, Press, New York Times, Secret Service, Secret Locations: Pennsylvania, Western Pennsylvania, Pittsburgh
Just before the news conference, Biden referred to Ukrainian President Volodymyr Zelenskyy, standing nearby, as Russian President Vladimir Putin before quickly correcting himself. Advertisement"Ladies and gentlemen, President Putin," Biden said before quickly realizing his mistake and adding, "He's gonna beat President Putin, President Zelenskyy." "I'm so focused on beating President Putin," he said. Following the press conference, pundits and journalists acknowledged his command of the issues. AdvertisementBiden's press conference was likely never going to assuage Democrats' concerns.
Persons: , Joe Biden, Donald Trump, Biden, Trump, Harris, Volodymyr Zelenskyy, Vladimir Putin, Putin, Zelenskyy, Biden's, Jen O'Malley Dillon, Julie Chavez Rodriguez, Barack Obama, Jim Himes, Brad Schneider Organizations: Service, Ukraine, Business, Trump, White, The Associated Press, Foreign, NATO, House Intelligence Committee, Illinois, CNN Locations: Jim Himes of Connecticut
London CNN —Figures from across the sporting world have offered their condolences to a BBC sport commentator, after his wife and two daughters were killed by an alleged crossbow attacker, in deaths that again drew attention to the epidemic of violence against women. Carol Hunt, 61, wife of BBC horse racing commentator, John Hunt, and their daughters, Hannah Hunt, 28, and Louise Hunt, 25, died from injuries sustained in an attack in Bushey, just northwest of London, on Tuesday, according to police and Britain’s public broadcaster. BBC Sport presenter Mark Chapman said: “John Hunt is our colleague, and our friend, not just to the current 5 Live Sport team, but to all of those who have worked here with him over the past 20 years. Truly horrific.”The British Horseracing Authority (BHA) said in a statement that its thoughts are with Hunt, his family, and friends. Ascot Racecourse, one of Britain’s most famous horse-racing grounds, said that it echoed the BHA’s words and posted that “our thoughts are with John Hunt at this tragic time.”
Persons: Carol Hunt, John Hunt, Hannah Hunt, Louise Hunt, Kyle Clifford, Clifford, Reem Alsalem, Yvette Cooper, Mark Chapman, “ John Hunt, John, ” Chapman, Dan Walker, James Manning, Tim Peach, Hunt, , He’s peerless, ” Peach, he’s, Carol ’, ’ ” Michael Owen, ” Julie Harrington Organizations: London CNN, BBC, British, Britain, United Nations, Labour, BBC Cricket, European, British Horseracing Authority, Ascot Racecourse Locations: Bushey, London, Enfield, Hertfordshire, United Kingdom, Britain, Bushey , Hertfordshire
CNBC's Jim Cramer shared his assessment of Delta Air Lines stock, which reported a revenue miss on Thursday. He said investors should understand that there is a difference between Delta as a stock and Delta as a company. Delta the airline stock is only as good as the weakest competitors, because they're leading a race to the bottom, and that's killing it." Management reported robust summer travel demand, with CEO Ed Bastian saying on the earnings call that TSA travel volumes were up 7% from the year-earlier period. "If you're going to buy a stock, any stock, first see how it's done over time.
Persons: CNBC's Jim Cramer, we've, they're, Ed Bastian, Bastian, Cramer, Thursday's, bode Organizations: Delta Air Lines, LSEG, Management, TSA, Delta Locations: Delta, U.S, Atlanta
U.S. President Joe Biden attends a Partnership for Global Infrastructure and Investment (PGII) event, on the first day of the G7 summit, in Savelletri, Italy, June 13, 2024. "He needs to drop out," one Biden campaign official said. "No one involved in the effort thinks he has a path," said a second person working to elect him. "But Joe Biden and this campaign have made it through setbacks before. We're all waiting around for Joe Biden to f--- up again, which is not a great position to be in."
Persons: Joe Biden, Joe Biden's, Biden, Kamala Harris —, Donald Trump, he's, Jen O'Malley Dillon, Julie Chavez Rodriguez, O'Malley Dillon, Chavez Rodriguez, Arizona —, Trump, shouldn't, Biden floundering Organizations: Global Infrastructure, Investment, WASHINGTON —, NBC News, Democratic, Biden, Trump, AARP, NBC, Republican, Public Locations: Savelletri, Italy, Georgia, Arizona, Michigan , Wisconsin, Pennsylvania, Wisconsin
Jim Cramer explains how to trade Thursday's tech sell-off
  + stars: | 2024-07-11 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
After buyers fled from Big Tech on Thursday, CNBC's Jim Cramer advised investors to take advantage of the rotation but beware that it may not last long. It's historically broadened things out, and tomorrow you'll get another chance to make money with today's winners," he said. "But if interest rates stop going down, and stop going down hard, then please do not overstay your welcome." The move was propelled by a low consumer price index reading, fueling Wall Street's hopes that the Federal Reserve will cut interest rates. Housing and industrial stocks such as Home Depot and Caterpillar saw a boost as they stand to benefit from lower rates.
Persons: CNBC's Jim Cramer, you'll, Cramer Organizations: Big Tech, Nvidia, Meta, Federal Reserve, Depot, Caterpillar
Read previewPresident Joe Biden may have to convince some of his own White House officials that he's still their best hope of defeating former President Donald Trump. The White House strongly denied the report. "Unequivocally, this is not true," White House spokesperson Andrew Bates told The Times, a statement he reiterated to Business Insider. Earlier this week, it looked like the White House had successfully frozen most of Capitol Hill not to pressure the president. Biden is set to speak to White House reporters at length Thursday night in his first extensive news conference in months.
Persons: , Joe Biden, he's, Donald Trump, Biden, Andrew Bates, Biden's, Nancy Pelosi, Sen, Peter Welch of, Jen O'Malley Dillon, Julie Chavez Rodriguez, we've Organizations: Service, White, The New York Times, Times, Business, The Times, Democratic Party, House, Capitol, Democrats, Peter Welch of Vermont, NBC News, Trump, Biden, NBC, White House, The Associated Press, BI, Electoral, Nebraska, Congressional District Locations: Pennsylvania, Wisconsin, Michigan, Nevada , Georgia, Arizona, Omaha
On social media — and even in the halls of Congress — certain Biden supporters are using Donald Trump's associations with disgraced financier Jeffrey Epstein as an argument to disqualify him. Discourse about Trump and Epstein was reignited after documents from Epstein's first Florida investigation in 2006 were released last week. Other Biden boosters have suggested a coordinated media cover-up to boost Trump's chances or doom Biden's. Related storiesMedia outlets haven't reported on Trump's connection to the new Epstein files because there isn't one. What we know about Trump's relationship with EpsteinTrump has appeared in previous unsealed and uncovered documents connected to the Epstein case.
Persons: , Joe Biden, Biden, Donald Trump's, Jeffrey Epstein, Epstein, Trump, Ted Lieu of, Lieu, Donald Trump, Ben Meiselas, Julie Brown, Epstein Trump, Ivana, Ivanka, Courtney Love, Alec Baldwin, Naomi Campbell, John Kerry, Michael Bloomberg, Henry Kissinger, Prince Andrew, Glenn, Eva Dubin, BI's Jacob Shamsian, massaged Trump, Virginia Roberts Giuffre, Katie Johnson, Vox, Jerry Springer, didn't Organizations: Service, Trump, Business, Biden, Miami Herald, Media, Washington Post Locations: Epstein's, Florida, Ted Lieu of California, Palm Beach, Newark, Beach, Mar
CNBC's Jim Cramer on Wednesday reviewed eight stocks that could join the coveted "trillion-dollar stock club," pinpointing pharmaceutical giant Eli Lilly and electric vehicle maker Tesla as top contenders. Currently, tech giants Apple , Microsoft , Nvidia , Alphabet , Amazon and Meta are the only companies on the market to surpass $1 trillion in market cap. "To me, it's going to be Lilly up next," Cramer said. "But the sheer popularity of Tesla might allow Musk to sneak back into the top rung, turning the Super Six back once again into the Magnificent Seven."
Persons: CNBC's Jim Cramer, Eli Lilly, Tesla, Lilly, Cramer, Musk Organizations: Apple, Microsoft, Nvidia
CNBC's Jim Cramer on Wednesday gave his take on Hims & Hers Health , a digital platform that offers telehealth services, particularly for sexual health, mental health, weight loss and skin care. Cramer suggested it might be worth starting a position in the stock now that it's pulled back some from recent highs. "While it makes sense that the stock roared on this compounded GLP-1 news, I don't love that it's now trading on what's essentially a temporary business," he said. Those great first quarter numbers didn't have any benefit from knock-off GLP-1s, and I bet the business stays strong." Hims & Hers Health did not respond immediately to request for comment.
Persons: CNBC's Jim Cramer, Cramer, it's, I'd, , Eli Lilly, dalliance Organizations: Wednesday, HIMS, Novo Nordisk
Stock Chart Icon Stock chart icon Dover's year-to-date stock performance. Dover : "This is a terrific industrial company that really is making a great move in the data center...Dover is going to be a big name for me." Stock Chart Icon Stock chart icon Sasol's year-to-date stock performance. Sasol: "No, if you're going to do that you want to buy Dow, no longer Dow Chemicals, Dow Inc."Stock Chart Icon Stock chart icon Cava's year-to-date stock performance. Stock Chart Icon Stock chart icon New Fortress Energy's year-to-date stock performance.
Persons: Biden Organizations: Dover, Dow, Dow Chemicals, Dow Inc, New Fortress Energy Locations: Dover
But there's no denying that a large number of people, mostly women, found Joe Arden's voice to be exceedingly hot: smooth, insistent, husky, occasionally dropping to a seductive growl. Arden's voice made him one of the most popular romance audiobook narrators of his generation. Last year, a promising new romance author reached out to Blue Nose Audio and received a reply from Joe Arden. "My working name of 'Joe Arden,' has always been just that, a professional persona that labeled my career," he added. For good measure, they dug up Cronin's abandoned trademark application for the Joe Arden moniker, first filed in 2020.
Persons: Joe Arden's, Men's, I've, Joe Arden, Joey, Arden, He's, Lauren Blakely, Vi Keeland, Meghan March, Blakely, BookTok, TikTok, Joe, Ardenmania, , BookTok influencers, who'd, Brynne Weaver, they'd, wasn't, quizzing, Arden she'd, didn't, she'd, Arden's, sexting, he'd, Angela, Aiden Snow, Julie McKay, Blue, James Patrick Cronin, Rice, Cronin, Beatrice Colen, Patrick Cronin, manny, Max Thomas, McKay, Maxine Mitchell, Sean Zanni, Patrick McMullan, Sarah J, Brittanée Nicole, Nicole, Teddy Hamilton, Hamilton, Brynne Weaver's, it's, Brittany Lowry, Kate Stewart's, Arden isn't, pant, Shane East, Paige Reisenfeld, he's, Tor, influencer, you'd, Sean Crisden, Crisden, Maas, Craig Barritt, Arden blowup, voEROS, Arden —, who've, Kathy Haan, Patreon Organizations: Men's Health, Audio Publishers Association, Society of Voice Arts and Sciences, Arden, BI, East Tennessee State University, University of Louisville, Getty, SAG, Texas, GQ, Wired, Yorker, The New York Times Magazine, Times, Publishers, TikTok, Tantor Media, The New York Times, New York Comic Con, Communications Locations: Arden, sexting, gaslighting, TikTok, Los Angeles, East, New York City, York, LA, Audm, Ghostface Gulf, masturbate, Romanceland
To determine the best books of the 21st century , The New York Times Book Review and The Upshot polled hundreds of literary luminaries. Stephen King Stephen King has written more than 60 books, many of which have been adapted for film and television. Min Jin Lee Min Jin Lee has written two novels: FREE FOOD FOR MILLIONAIRES and PACHINKO, which was one of The Times’s 10 Best Books of 2017. Scott Turow Scott Turow is an attorney and writer best known for legal thrillers like PRESUMED INNOCENT and THE BURDEN OF PROOF. DU BOIS, was one of The Times’s 10 Best Books of 2021.
Persons: Stephen King Stephen King, , Ian McEwan ●, Christine Falls, Benjamin Black ●, Donna Tartt, Gillian Flynn ●, Cormac McCarthy ●, Margaret Atwood ●, Sarah Waters ●, Philip Roth ●, Viet Thanh Nguyen, , Stephen King, Min Jin Lee Min Jin Lee, Anthony Doerr ●, Katherine Boo ●, Colm Tóibín ●, Julie Otsuka ● “, Tara Westover ● “, Matthew Desmond ● “, Marilynne Robinson, Edward P, Jones, Barbara Ehrenreich ●, Phil Klay Karl Ove Knausgaard Karl Ove Knausgaard, Roberto Bolaño ● “, Maggie Nelson ● “, Elena Ferrante ● “, Ben Marcus ● “, Emmanuel Carrère ●, Kazuo Ishiguro ●, Claire Keegan ● “, Peter Handke ●, Denis Johnson ●, Svetlana Alexievich, Bonnie Garmus Bonnie Garmus, Barnes, Nehisi Coates, Barbara Kingsolver ●, Tara Westover, Matt Ridley ●, Harry Potter, Prince, Rowling ●, Dave Eggers ●, Henry David Thoreau, Laura Dassow, Ben Rice ●, Colson Whitehead ●, Timothy Egan Nana Kwame Adjei ‑ Brenyah Nana Kwame Adjei ‑, ZZ Packer, Diana Khoi Nguyen, “ Greenwood, Michael Christie, Solmaz Sharif, Min Jin Lee ● “, George Saunders ● “, Jesmyn Ward, Ted Chiang ●, George Saunders ●, Colson Whitehead, Chimamanda Ngozi, Edwidge Danticat, Aracelis Girmay, Natsuo Kirino, Roberto Bolaño ●, Francisco Goldman ●, Paul Beatty Sarah Jessica Parker Sarah Jessica Parker, Tayari Jones, Sting, Paul Murray ●, Megha Majumdar ●, Anthony Marra ●, Jonathan Franzen ●, Donna Tartt ●, Janika Oza, Patrick Radden Keefe, Sonali Deraniyagala James Patterson James Patterson, Bill Clinton, Dolly Parton, J.D . Barker, Stephen King ● “, Markus Zusak ●, Tara Westover ●, Stieg Larsson, Gillian Flynn, Rowling, Anthony Bourdain ●, Keith Richards, James Fox ●, Dennis Lehane ●, Laura Hillenbrand Elin Hilderbrand Elin Hilderbrand, “ Alice, Oliver, Charles Bock ●, Curtis Sittenfeld, Tim Winton ●, Lily King ● “, Anna Quindlen ●, Lauren Groff ● “, Maggie O'Farrell, Raven Leilani, Erin Morgenstern Annette Gordon ‑ Reed Annette Gordon, Reed, Siddhartha Mukherjee, Annette Gordon, Reed ●, Henrietta, Rebecca Skloot ●, Louis Menand ●, Isabel Wilkerson ●, Hilary, Rebecca Roanhorse Rebecca Roanhorse, Hugo, Ann Leckie ● “, Ted Chiang ● “, Kim Stanley Robinson ●, Stephen Graham Jones ●, Ken Liu ●, Djèlí Clark ●, Louise Erdrich ●, Theodore Sturgeon Marlon James Marlon James, Booker, Maria McCann ● “, Bird, James McBride ●, Alan Hollinghurst ●, Min Jin Lee ●, Skippy, Patrick French Roxane Gay Roxane Gay, Michael Chabon ●, Alicia Erian ●, Bernardine Evaristo, Kiese Laymon, Carmen Maria Machado ●, Zadie Smith, Emma Donoghue ●, Ann Patchett Jonathan Lethem Jonathan Lethem, Eugene Lim ●, Olga Ravn ●, Percival Everett ●, Keith Ridgway ●, Renee Gladman ●, Lydia Millet ● “, Helen DeWitt ● “, Robin McLean ●, Christopher Sorrentino Sarah MacLean Sarah MacLean, Angelina M, Lopez ● “, Lisa Kleypas ●, Jennifer Crusie ●, Circe, Madeline Miller, Kresley Cole ●, Beverly Jenkins ● “ Georgie, Kate Clayborn ● “ Hana Khan, Uzma Jalaluddin, Milla Vane ● “, Sherry Thomas Ed Yong Ed Yong, Bel Canto, Ann Patchett, Nana Kwame Adjei, Abed Salama, Nathan Thrall, Mohsin Hamid ● “, Helen Macdonald ● “, Jenny Odell ●, Julie Otsuka, Amal El, Max Gladstone ●, Hernan Diaz, Thomas Chatterton Williams Thomas Chatterton Williams, Hagar's, Jones ●, Catherine Lacey ● “, Dana Spiotta, Joan Silber ● “ Malcolm X, Manning Marable, Alice Munro ●, Hua Hsu, Veronica, Mary Gaitskill ●, Isabel Wilkerson Paul Tremblay Paul Tremblay, Mark Z, Joker, Kaoru Takamura ●, Benjamín Labatut, Stephen Graham Jones, Mariana Enriquez ●, Sara Levine ●, Colson Whitehead Nick Hornby Nick Hornby, Michael Chabon, David Kynaston ●, Billy Lynn's, Ben Fountain ●, Richard Russo, Olive Kitteridge, Elizabeth Strout ●, Mark Harris ●, Adrian Nicole LeBlanc ●, Scott Turow Scott Turow, Sam Quinones ● “, Elena Ferrante, Ann Goldstein, , Timothy Snyder ●, Adam Johnson ●, Ann Goldstein ●, Daniel Kahneman ● “, Daniel Alarcón Daniel Alarcón, Oscar Wao, Junot Díaz, Claudia Rankine, Jones ● “, Adrian Nicole LeBlanc ● “, Patrick Radden Keefe Honorée Fanonne Jeffers Honorée Fanonne Jeffers, Victor Luckerson ●, Alice Walker ●, Toni Morrison ●, Toni Morrison ● “, Ibram X, Tiya Miles ●, Isabel Wilkerson Lucy Sante Lucy Sante, Uwe Johnson, Damion Searls, Jeremiah Moss ●, Sigrid Nunez ●, Ian Penman, Mike DeCapite ●, Rachel Kushner ●, Ed Park ●, Svetlana Alexievich Gary Shteyngart Gary Shteyngart, Pitchaya Sudbanthad, Amy Hempel, Amy Hempel ● “, Colm Tóibín, Joseph O’Neill ●, Rachel Cusk ●, Tony Judt ●, Isabel Wilkerson Anand Giridharadas Anand Giridharadas, Jane Mayer ●, Andrew Solomon ● “, Hanya Yanagihara, Suketu Mehta, Karl Ove Knausgaard ●, Asne Seierstad, Joan Didion Jessamine Chan Jessamine, Barack Obama, Tang, Chloé Cooper Jones, Andrea Elliott ● “, Jenny Erpenbeck, Lauren Groff ●, Cathy Park Hong, Sheila Heti ●, Dorothy Roberts Michael Robbins Michael Robbins, Michael Robbins, Kristin Ross ●, Lauren Berlant, Andreas Malm ●, Anahid Nersessian, “ Lila, Mike Davis ●, Chelsey Minnis, Fred Moten ●, Mary Gaitskill Alma, Alma Katsu, Jonathan Strange, Norrell, Susanna Clarke ● “, Sarah Waters, Julie Otsuka ●, Audrey Niffenegger ●, Megan Abbott Megan Abbott, Edgar, Joyce Carol Oates, Kate Atkinson ●, Robert Kolker ●, Oyinkan Braithwaite ●, Daniel Woodrell ●, Joan Didion Joshua Ferris Joshua Ferris, Hemingway, Anne Enright, Patricia Lockwood ●, Paul Harding ●, Ann Napolitano Ann Napolitano, David Mitchell ●, Yaa Gyasi, Emily St, John Mandel ●, John Irving John Irving, OWEN MEANY, John Boyne, Paul Theroux, Abraham Verghese ●, James Salter ●, Nix, Nathan Hill, Edmund White ●, Peter Matthiessen ●, Michael Ondaatje ●, Jeanette Winterson Tiya Miles Tiya Miles, Frederick Douglass, David W, Blight, Andrew Sean Greer ●, Michael Pollan ●, Dara Horn ●, Stephen Greenblatt ●, Jami Attenberg Jami Attenberg, Ada Limón ●, Jonathan Franzen, Alison Bechdel, Sloane Crosley, Alexander Chee ●, Patti Smith ●, Morgan Parker ●, Sara Novic Stephen L, Carter Stephen L, Carter, Deirdre McCloskey ●, Mohsin Hamid ●, Virginia Postrel, Umberto, Geraldine Brooks ●, Richard Powers ●, Jane Brox ●, David Bentley Hart, Lesley Nneka Arimah, Sarah Schulman Sarah Schulman, Mattilda Bernstein, Natasha Trethewey ●, Adania Shibli, Ned Blackhawk ●, Stephanie E, Rogers, Martha S, Steven W, Raja Shehadeh ●, Hugh Ryan Elizabeth Hand Elizabeth Hand, Rene Denfeld ●, Henry Darger, John M, MacGregor ● “, Dan Chaon ● “ James Tiptree Jr, Julie Phillips ●, Kelly Link, Morgan Talty ●, Robert Macfarlane ●, William Gibson Dion Graham Dion Graham, Jonathan Eig’s, Colson Whitehead’s CROOK, Omar El Akkad, Wolf, Marlon James ● “, Winfred Rembert, Cixin Liu ● “, Dave Eggers ● “, George Floyd, Robert Samuels, Toluse, Jonathan Eig ●, Jonathan Eig ● “ Washington, Jeremy Denk Jeremy Denk, David Foster Wallace ●, Jeff, Geoff Dyer ●, Hanif Abdurraqib, Elif Batuman, Alex Ross ●, Kate Molleson Morgan Jerkins Morgan Jerkins, Zora Neale Hurston, Haruki Murakami ●, Masha Gessen ●, Safiya Sinclair ● “, Carmen Maria Machado ● “, Imani Perry, Jesmyn Ward Michael Roth Michael Roth, Amy Bloom, Saidiya Hartman, Valeria Luiselli ●, Jon Fosse, Daniel Kahneman ●, Ben Lerner ●, Jennifer Egan Organizations: New York, Argonauts, J.K, Railroad, Corrections, , A.M, Harvard University, OF, Metaphysical, Suns, Ministry, Indians, The New York Times, Hawthorn, Child, Roberto Bolaño ● “, New Yorker, NPR, University of Oklahoma, DU BOIS, PEN, , Yale Law School, THE, Umberto Eco, Beginners, MacArthur Foundation, Wesleyan University, Topeka School Locations: , Brooklyn, Norwegian, Ben Marcus ● “ The, Nantucket, OF MONTICELLO, Monticello, , BROOKLYN, Britain, Jones ● “ Lincoln, Feral, Bangkok, Susanna Clarke ● “ Lincoln, Burma, Texas, Jonathan Eig ● “, “ Austerlitz, Venice, Death, Varanasi, America, Lorraine
Since last fall, the Federal Reserve has held interest rates steady as it continued fighting to get inflation closer to its 2% target. Alongside the Federal Open Market Committee's announcement to hold interest rates steady during its most recent meeting in June, the Summary of Economic Projections penciled in just one interest rate cut for 2024. However, Powell said during the June press conference that there was still time to change that projection — and that a rate cut in September is "plausible." "It's going to be the totality of the data, what's happening in the labor market, what's happening with the balance of risks, what's happening with the forecast, what's happening with growth," he said. CME FedWatch, which estimates market assessments of the probability of interest rate cuts, projects a 93% chance interest rates will remain steady in July and a 72% chance rates will be cut by September.
Persons: , Jerome Powell, Julie Su, Su, Powell, Jan Hatzius, Goldman Sachs, Hatzius Organizations: Service, Federal Reserve, Business, of Labor Statistics, Fed, CNBC Locations:
Cramer's Lightning Round: KKR is 'the foremost'
  + stars: | 2024-07-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon KKR's year-to-date stock performance. Stock Chart Icon Stock chart icon Ferguson's year-to-date stock performance. Stock Chart Icon Stock chart icon Petroleo Brasileiro's year-to-date stock performance. Stock Chart Icon Stock chart icon Alliance Resource Partners' year-to-date stock performance. Stock Chart Icon Stock chart icon Alibaba's year-to-date stock performance.
Persons: Ferguson, Petroleo, It's, I've, I'm Organizations: KKR, Petroleo, Partners, Resource Partners
CNBC's Jim Cramer on Monday said the charts suggest that the Dow Jones Industrial Average will see gains later this summer because the index usually rallies in August during election years, no matter which candidate is leading in the polls. "The charts, as interpreted by Larry Williams, suggest that the Dow almost always rallies in August — what a takeaway — of any given election year ... regardless of who's ahead," he said, noting that August is usually a poor month for the market. "That's exactly the kind of pattern that you can make some money with." He also stressed that both candidates have different convictions when it comes to economic policy, and those differences will affect significant parts of the market. To explain Williams' analysis, Cramer examined a chart of the Dow's performance this year with its average performance during every election year since 1968.
Persons: CNBC's Jim Cramer, Monday, Larry Williams, Dow, Cramer, Joe Biden, Donald Trump, Williams Organizations: Dow Jones Locations:
CNBC's Jim Cramer on Monday suggested that it is not just Big Tech that has the capacity to lead the market. Cramer highlighted Eli Lilly , a pharmaceutical giant whose stock hit a new high during Monday's session and is currently valued at about $870 billion. "These companies maintain their status through invention," Cramer said of huge names such as Amazon , Meta , Apple , Microsoft , Alphabet and Nvidia . The question is why other companies aren't doing the same things that Eli Lilly's doing to get in the winner's circle." Eli Lilly did not immediately respond to CNBC's request for comment.
Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Eli Lilly's, Eli Lilly's Alzheimer's, Organizations: Big Tech, U.S . Food, Drug Administration, Apple, Microsoft, Nvidia Locations: U.S
The House Democrats who said Biden should drop out of the 2024 race were Reps. Adam Smith of Washington, Jerry Nadler of New York, Mark Takano of California and Joe Morelle of New York. Some House Democrats in battleground districts are weighing whether to distance themselves from Biden. "President Biden is a good man & I appreciate his lifetime of service," she wrote in a post to X. During the interview, Biden dismissed the calls for him to step aside and said only the "Lord Almighty" could get him to reconsider his presidential bid. "Look, I mean, if the Lord Almighty came down and said, 'Joe, get out of the race,' I'll get out of the race," Biden said during the interview.
Persons: Joe Biden, Biden, Adam Smith of, Jerry Nadler, Mark Takano, Joe Morelle, Smith, Nadler, Takano, Morelle, Hakeem Jeffries, Donald Trump, Kamala Harris, Trump, Susan Wild, Angie Craig, Maxine Waters, Barbara Lee, Frederica Wilson, Wilson, he's, George Stephanopoulos, Almighty, Joe, Almighty's Organizations: WASHINGTON —, Congress, Democrats, NBC News, Armed Services, Veterans ' Affairs Committee, House Administration Committee, House Democratic, Biden, Congressional, Caucus, NBC, California Democratic, Trump, Rep, ABC News, Capitol Locations: Adam Smith of Washington, York, California, New York, Congress, House, D, Pennsylvania
My friend and I booked a last-minute vacation to Hilton Head Island, a beach town in South Carolina . Hilton Head Island's beaches were clean and beautiful, and I loved the food scene. As a resident of South Carolina, I considered plenty of places to visit, from Myrtle Beach to Charleston. But in the end, we ultimately settled on Hilton Head Island. The beautiful South Carolina town has several white-sand beaches and world-class golf courses.
Persons: Hilton, , Condé Organizations: Service, Business Locations: South Carolina, Myrtle Beach, Charleston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActing Labor Secretary on June jobs report: Signs of a strong economy & historic economic recoveryActing Labor Secretary Julie Su joins 'Squawk on the Street' to discuss the June jobs report, state of the labor market and U.S. economy, and more.
Persons: Julie Su Locations: U.S
Rents have soared in recent years because of housing shortages across much of the country and a bout of severe inflation. But a growing number of rental properties, especially in the South and the Southwest, are in financial distress. In many parts of the country, rents are starting to fall. Interest rates, ratcheted higher by the Federal Reserve to combat inflation, have made mortgages much more expensive for building owners. These problems haven’t yet turned into a crisis, because most owners of apartment buildings, known in the real estate industry as multifamily properties, haven’t fallen behind on loan payments.
Persons: haven’t Organizations: Federal Reserve Locations: Houston, Tampa, Fla
Julie Pereira posted a yard sign crudely expressing her dissatisfaction with both Biden and Trump. But her city, Lakeland, Tennessee, near Memphis, deemed the sign "obscene" and fined her $50 a day. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Tennessee woman whose eyebrow-raising political yard sign led to her being fined hundreds of dollars won about $32,000 after filing a First Amendment lawsuit against her city. Earlier this year, Julie Pereira posted a sign in her front year saying "Fuck 'Em Both 2024."
Persons: Julie Pereira, Trump, , Pereira Organizations: Biden, Service, Business Locations: Lakeland , Tennessee, Memphis, Tennessee, Lakeland
They also pointed to some ways Cracker Barrel could get diners back in the chain's iconic rocking chairs waiting for a table. Last month, one guest responded: "It seems like Cracker Barrel is trying to squeeze every dollar out of its patrons." AdvertisementA Cracker Barrel spokesperson said patrons "have responded positively" to the $5 offering since it was introduced last year. CEO Masino, who previously held executive roles at Taco Bell and Starbucks, has indicated that changes are coming to Cracker Barrel. Do you work at Cracker Barrel or another major restaurant and have a story idea to share?
Persons: , Neal Klein, Klein, Julie Felss Masino, We've, crave, Masino, Tom Smith, it's, Bob Horner, Horner, That's, I've, It's, Smith, he's Organizations: Service, Business, Space, Taco Bell, Starbucks Locations: Florida, Chicago, Tennessee, Texas, Midwest
U.S. President Joe Biden delivers remarks on extreme weather at the D.C. President Joe Biden suggested to Democratic governors that he may limit evening events after 8 p.m. so he can get more sleep, according to two sources familiar with the exchange. Normal presidents strike a balance, and so does Joe Biden," campaign spokesman Kevin Munoz said in a statement. "That was the Joe Biden I remember from two weeks ago. That was the Joe Biden that I remember from two years ago.
Persons: Joe Biden, Biden, he'd, Gavin Newsom, Newsom, Bush, Obama, Kevin Munoz, Donald Trump, Debbie Dingell, He's, Scott Peters, Peters, Dingell Organizations: D.C, Emergency Operations Center, Democratic, NBC News, The New York Times, California Gov, White House, ABC News, MSNBC, CBS, Democrats Locations: Washington , U.S, California, Michigan, United States
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