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☆ Watch Monday's full episode of the Halftime Report — July 1, 2024
▼ + stars: | 2024-07-01 | 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 EmailWatch Monday's full episode of the Halftime Report — July 1, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Former FDA Commissioner Dr. Scott Gottlieb on Supreme Court overturning the 1984 Chevron precedent
▼ + stars: | 2024-07-01 | 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 FDA Commissioner Dr. Scott Gottlieb on Supreme Court overturning the 1984 Chevron precedentFormer FDA Commissioner Dr. Scott Gottlieb joins 'Squawk Box' to weigh in on the Supreme Court's decision to overturn the 1984 Chevron precedent and more.

Persons: Scott Gottlieb Organizations: Former, Chevron, FDA

☆ How Donald Trump is poised to avoid pre-election trials in three out of four of his criminal cases
▼ + stars: | 2024-07-01 | by ( Tierney Sneed | ) edition.cnn.com time to read: +11 min

With Monday’s Supreme Court presidential immunity ruling likely preventing a trial in the federal election subversion case before the election, Trump is poised to avoid pre-election trials in the three most significant criminal prosecutions he faces. It will determine Trump’s legal fate. A Supreme Court ruling that hamstrings the DC federal subversion caseThe charges by special counsel Jack Smith alleging Trump subverted the 2020 election was the second to last of the four cases brought. “You can’t charge a former president for a crime for the first time in history without going to Supreme Court,” Cobb said. But the new Supreme Court immunity standard jeopardizes the use of much of that conduct in the case.

Persons: Donald Trump, Trump, won’t, ”, Ty Cobb, “, ” Cobb, pardoning, Fani Willis, Paul Rosenzweig, Bill Clinton, Jamie Raskin, ” Raskin, Jack Smith, Tanya Chutkan’s, Smith, Smith’s, Cobb, John Roberts, Rosenzweig, Aileen Cannon, Cannon, She’s, she’s, she’d, Willis, Nathan Wade, it’s, Wade, Nathan Wade's, Kaitlan Collins, Fulton, Scott McAfee, Michael Moore, Moore, Barack Obama, ” Moore, CNN’s Lauren Fox, Zachary Cohen Organizations: CNN, Republican White House, Trump, Fulton, Department of Homeland Security, Maryland Democrat, DC, DC Circuit, White, Justice Department Locations: Manhattan, Russia, Georgia, Florida, –, Fulton County

☆ Sizzling out? As peak barbecue season begins, fewer Americans are buying grills
▼ + stars: | 2024-06-30 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

Lockdown was a grill (seller)’s best friendIt’s not a result of Americans cooking outside on grills less. Roy Morchian, owner of American Royal Hardware in Montclair, New Jersey, says grill sales have returned to pre-pandemic levels at the local True Value franchise. Downey sees Home Depot’s grill sales stabilizing now following the lockdown-driven high. Weber Grills are offered for sale at a home improvement store on July 23, 2021 in Palatine, Illinois. Traeger Grills holds demos and activations at Home Depot, Ace Hardware, and specialty retailers across the country.

Persons: Weber, ”, Brian Bushfield, It’s, Roy Morchian, Paul Glader, Joe Downey, Jessica Hernandez, ” Corey Martin, Traeger’s, Covid, ” Martin, Downey, Scott Olson, Jeremy Andrus, Simeon Siegel, they’re, “, Price, Shikhiu Ing, fryer, Andrus, Ayla Dunkley, Dunkley Organizations: CNN, West, Barbecue Association, American, Hardware, Depot Senior Merchant, CNN San Diego Grill, Texas, Grill, Downey, Getty, Weber, Rewards, Depot, BMO Capital Markets, US Department of Agriculture, “, ”, American Farm Bureau Federation Locations: Traqline, San Diego , California, Covid, Montclair , New Jersey, Montclair , NJ, Houston, Palatine , Illinois, Bloomfield , New Jersey, Newark , New Jersey, Pennsylvania

☆ Democrats fear replacement scenarios as much as keeping Biden
▼ + stars: | 2024-06-30 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +16 min

“It would be a Category 5 hurricane,” said one top Democratic official nervous about Biden considering what would happen if the president stepped aside. Biden campaign aides have spent the last couple of days pointing to metrics like some of their best grassroots fundraising days and a surge in job applications since Thursday. Biden is heading to the Camp David presidential retreat where he was expected to spend the rest of the weekend. Democratic operatives always like to mock headlines that describe them as “in disarray.” Now some tell CNN they worry they could end up in more disarray than ever. “President Biden is the nominee and he’s going to remain the nominee,” said Cutter, who is on contract to produce the convention.

Persons: Washington CNN — They’re, They’re, haven’t, Joe Biden’s, Gretchen Whitmer’s, Biden, Kamala Harris, ”, “, we’re, Joe Biden, Jill Biden, Natalie, Finnegan, Camp David, Mandel Ngan, J.B . Pritzker, Andy Beshear, Gavin Newsom, Arizona Sen, Mark Kelly, Georgia Sen, Raphael Warnock, Pete Buttigieg, Josh Shapiro, Wes Moore, Harris, Doug Emhoff, Whitmer, Beshear, Rob Reiner, Jane Fonda, Barack Obama, Hakeem Jeffries, Jeffries, ” Biden, Alexandria Ocasio, Cortez, Gov, Geoff Duncan, CNN “, Donald Trump, Donna Brazile, Stephanie Cutter, Hillary Clinton’s, Cutter, Phil Murphy, Still, ” Murphy, “ That’s, ‘, hadn’t, he’s, ” Harris, Obama, Hillary Clinton, ’, Rob Flaherty, –, president’s “ I’m, I’ve, Minyon Moore, Tina Flournoy, Brazile, Kamala, Scott Olson, it’s, Robert Garcia Organizations: Washington CNN, Michigan Gov, Democratic, Biden, Black, Trump, CBS, Air Force, McGuire Air Force Base, Camp, Getty, Democrat, White, Harris , Illinois Gov, Kentucky Gov, Maryland Gov, Pritzker, House Democrats, GOP, CNN, Democratic National Committee, New, New Jersey Gov, Democratic Party, Convention, United Center, Hamptons Locations: ”, Burlington , New Jersey, AFP, New York City, Harris , Illinois, Whitmer, Kentucky, California, Arizona, Pennsylvania, Los Angeles, America, Alexandria, Georgia, New Jersey, Chicago

☆ Airlines got too confident, and now they are paying the price despite record-breaking travel
▼ + stars: | 2024-06-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker Boeing. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts. Boeing delivery delays have eaten into profitsHarteveldt said Boeing's ongoing delivery delays have cost airlines like American, Southwest, and United millions of dollars. Airlines are plagued by high costs in an extremely competitive industryNearly everything is more expensive than it was before the pandemic, and airlines are no exception. For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said.

Persons: —, Henry Harteveldt, Scott Olson, Robert Isom, Bob Jordan, Harry Kraemer, Kraemer, You've, you've, Harteveldt, Joe Raedle, they've, Stephen Brashear, Eric Glenn, Shutterstock Harteveldt Organizations: Service, planemaker Boeing, Business, International Air Transport Association, —, Airlines, Getty, Reuters, Southwest, Elliott Investment Management, Baxter International, Corporations, Google, Spirit, Frontier, Boeing, JetBlue Airways, Airbus, Bureau of Labor Statistics Locations: Delta, United

☆ 14 celebs who moved to Florida and why they love it there
▼ + stars: | 2024-06-29 | by ( Jason Guerrasio | Jordan Pandy | ) www.businessinsider.com time to read: +1 min

Wealthy buyers and celebrities are increasingly choosing Florida for its tax benefits and weather. Athletes like Tom Brady and stars like Scott Baio are establishing themselves in the Sunshine State. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Superstar athlete Lionel Messi, for instance, made his way to Florida after leaving Barcelona. Actors like Sylvester Stallone, one of the many Hollywood stars who've left California, also opted to make Florida his new home base.

Persons: Tom Brady, Scott Baio, —, Lionel Messi, Sylvester Stallone, who've Organizations: Sunshine State, Service, Barcelona, Hollywood, Business Locations: Florida, California

☆ Russia's navy sought a safer spot, but is still at the mercy of Ukraine's drones and missiles, experts say
▼ + stars: | 2024-06-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The sea, which borders occupied southern Ukraine, is connected to the Black Sea via the Kerch Strait, and, crucially, Russia controls its coastline. AdvertisementUkraine's attacks have forced Russian warships to withdraw from Crimea and relocate to safer waters, where they have also come under attack. But this doesn't mean ships there will be safe from Ukraine's aerial drones and missiles, experts told BI. But he added that "Russia's warships in the Azov Sea are still at the mercy of Ukrainian missiles and aerial drones." AdvertisementMeanwhile, Russian "missiles can reach most of Ukraine from the Sea of Azov and ports along the Russian Black Sea coast," Clark said.

Persons: —, Dmitry Pletenchuk, Pletenchuk, Matthew Boyse, Basil Germond, Mark Temnycky, Scott Savitz, Bryan Clark, Clark, Steven Horrell, Igor Delanoë, Savitz Organizations: Service, Kyiv Independent, Business, Naval Forces of, Armed Forces of, Hudson Institute's Center, Lancaster University, Council's Eurasia Center, RAND, US Navy, Hudson Institute, Transatlantic Defense, Security, Center for Locations: Russian, Azov, Kyiv, Ukraine, Kerch, Russia, Crimea, Armed Forces of Ukraine, Europe, Eurasia, Ukrainian, Western

☆ Biden? Trump? The Politics of Talking About It at the Office.
▼ + stars: | 2024-06-29 | by ( Sarah Kessler | Ravi Mattu | ) www.nytimes.com time to read: +1 min

Offices across the nation — and Slack channels, the modern water cooler — were abuzz Friday morning with voluble opinions about the presidential debate from the night before. Should Biden step aside? How many times did Trump lie? Did Biden lie, too? For most chief executives, presidential elections are a nightmare — they create division inside teams, take up valuable time and can turn into a big distraction.

Persons: Biden, Kim Scott, ”, it’s Organizations: Google

☆ Composting could be set for U.S. boom, and it needs one, decades behind recycling
▼ + stars: | 2024-06-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.

Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten

☆ Euro 2024: Our ranking of all the games in Germany this summer
▼ + stars: | 2024-06-29 | by ( Ahmed Walid | ) www.nytimes.com time to read: +35 min

AdvertisementThis was Belgium at their finest, and Romania raised the level of their game in the second half to try to equalise. If Austria wanted to have any chance of qualifying to the round of 16 they had to beat Poland in their second group game. The wide areas were where Ukraine focused their attacks, and Oleksandr Zinchenko’s square pass to Mykola Shaparenko made it 1-1 in the second half. However, Samet Akaydin and Altay Bayindir’s mishap on the second goal decreased Turkey’s probability of a comeback. More off-ball runs in the second half led to the third, and by then the match was done and dusted.

Persons: Muldur, Arda Guler, Georges Mikautadze, Khvicha, Giorgi Mamardashvili, Kerem Akturkoglu, Ronald Koeman’s, Romano Schmid, Austria, Cody Gakpo’s, Memphis Depay, Marcel Sabitzer, Merih Demiral, Ralf Rangnick’s, Vincenzo Montella’s, Michael Gregoritsch, Alexander Prass, Christoph Baumgartner, Mert Gunok, Kvaratskhelia, Jasir Asani’s, Zlatko Dalic’s, Mario Pasalic, Luka Sucic, Marcelo Brozovic, Majer, Luka Modric, Mateo Kovacic, Ante Budimir, Andrej Kramaric, Klaus Gjasula’s, Albania’s, Dan Mullan, Gianluigi, Italy weren’t, Nico Williams, Giovanni Di Lorenzo, Kevin C, Cox, Jeremy Doku, Ivan Schranz, Kevin De Bruyne, Romelu Lukaku, Leandro Trossard, Stanislav Lobotka, Juraj Kucka, Ondrej Duda, Martin Dubravka’s, David Hancko’s, Stu Forster, Zan Karnicnik’s, Jan Oblak’s, Luka, Patrik Schick, Ondrej Lingr’s, Ivan Hasek’s, Giorgi Chakvetadze, Saba Lobjanidze, Julian Nagelsmann, Germany didn’t, —, Murat Yakin’s, Dan Ndoye, Manuel Akanji, Fabian Schar, David Raum, Christina Pahnke –, Romania Domenico Tedesco’s, Youri Tielemans, Timothy Castagne, De Bruyne, Luciano Spalletti’s, Mattia Zaccagni, Kasper Schmeichel, Rasmus Hojlund, Manuel Neuer, Joachim Andersen, Kai Havertz, Jamal Musiala, Ricardo Rodriguez, Schar, Akanji, Gianluca Scamacca, Remo Freuler’s, Ruben Vargas, RONNY HARTMANN, Gareth Southgate’s, Milan Skriniar, Denis Vavro, Lobotka, Francesco Calzona’s, David Strelec, Jude, Harry Kane, Peter Pekarik, Michel Aebischer, Aebischer, Kwadwo Duah, Hungary’s, Dominik Szoboszlai, Roland Sallai, Willi, Adam Buksa, Nathan Ake’s, Alex Livesey, Bull, Rangnick’s, Baumgartner, Marko Arnautovic, Nicolae Stanciu, Razvan Marin, Denis Dragus, Shaun Botterill, Neuer, Robert Andrich, Jonathan Tah, Antonio Rudiger, Ilkay, Steven Bergwijn, Xavi Simons, Netherlands ’, Stefan de Vrij, Virgil van Dijk, Fabian Ruiz, Rodri, Fabian, Lukas Haraslin, Hancko, Andriy Yarmolenko, Mykhailo Mudryk —, Oleksandr, Mykola Shaparenko, Shaparenko, Denmark Christian Eriksen, Jonas Wind, Eriksen, Benjamin Sesko’s, Kasper Hjulmand’s, Erik Janza’s, Carl Recine, Antonin Barak’s, Tomas Soucek —, Hungary’s Barnabas Varga, Kevin Csoboth, De Bruyne’s, N’Golo, Aurelien Tchouameni, Didier Deschamps ’, — Theo Hernandez, Jules Kounde —, Francisco Conceicao’s, Ruben Dias, Gabriel Bouys, Croatia hadn’t, Unai Simon, Nicolo Barella, Alessandro Bastoni, Rey Manaj, Havertz, Florian Wirtz, Musiala, Ryan Porteous, Scott McTominay, Tony Ralston’s, Xherdan, Kose, Bernardo Silva’s, Samet, Cristiano Ronaldo, Sesko, Diogo Costa’s, Torsten Silz, Alexander Bah, Ruslan Malinovskyi, Kylian, Ousmane Dembele, Deschamps ’, England’s, Pierre, Emile Hojbjerg, Morten Hjulmand, Marc Guehi’s, Alex Grimm, Maximilian Wober, Spain Luis de la, Dani Olmo, Ferran Torres, Marvin, Let’s, Mark Carey, Michael Cox, Michael Regan – Organizations: Golden, Memphis, UEFA Nations League, Albania, Spain, Italy, Getty, Georgia, Hungary, Croatia, Real Madrid, Denmark, Milan, Bologna, Poland, olimpico, Dumfries, Georgia openign, Valencia, Ukraine, Manchester United, Portugal, …, Turkey, B, Slovenia AET, Danish, England, Calzona, Serbia, Michael Regan – UEFA, UEFA Locations: Turkey, Georgia, Kerem, Netherlands, Austria, France, Poland, Portugal, Croatia, Italy, Albania, Pasalic, Gjasula, Spain, Gianluigi Donnarumma, Belgium, Slovakia, Doku, Slovenia, Serbia, Republic, Czech Republic, Switzerland, Germany, Romania, Youri, Modric, Denmark, England, Hungary, Dumfries, Ukraine, Ilkay Gundogan, Gakpo, AFP, Scotland, Samet Akaydin, Altay, Romanian

☆ French voters will decide between Macron and far-right candidates
▼ + stars: | 2024-06-28 | by ( Latoya Scott | ) edition.cnn.com time to read: 1 min

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☆ Nike CEO John Donahoe comes under fire from Wall Street after lackluster performance
▼ + stars: | 2024-06-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

As Wall Street digested the dismal outlook from the world's largest sportswear company, at least six investment banks downgraded Nike's stock. Analysts at Morgan Stanley and Stifel took it a step further, specifically calling the company's management into question. The company also said it expects fiscal 2025 sales to be down mid-single digits when it previously expected them to grow. If you ask Phil Knight, Nike's founder and its chairman emeritus, Donahoe is doing just fine. "I am optimistic in Nike's future and John Donahoe has my unwavering confidence and full support."

Persons: Jim Duffy, Morgan Stanley, Stifel, Donahoe, Matt Friend, That's, Hoka, Jessica Ramírez, Jane Hali, Nike didn't, they've, Kevin McCarthy, Neuberger Berman, CNBC's Scott Wapner, " McCarthy, They've, you've, it's, he's, Phil Knight, John Donahoe Organizations: Nike, eBay, Air Force, Air, Associates, CNBC Locations: 2HCY25, China, …, U.S

☆ What to know about the massive car dealership outage
▼ + stars: | 2024-06-28 | by ( Ramishah Maruf | Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Here’s what you need to know about the massive software outage. Its systems are used by roughly 15,000 car dealerships across the United States and Canada. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. It said it was able to bring a “small initial test group” of car dealerships back online. But the next morning, the company told dealerships another incident had happened.

Persons: CDK, aren’t, they’ve, Scott Campbell, CNN they’ve, Don Aycock, “, ”, Robbie Jacob, Jacob, Michael Deveney, Katelyn Salvato, hasn’t, Salvato, …, Callahan, We’ve, ” Callahan, it’s, Lisa Finney, ” Finney, ” Eric Noonan, John Dwyer, “ There’s, ” Noonan, Ryan Callahan, Tom McParland, McParland Organizations: New, New York CNN, Auto, CNN, Capital City Buick GMC, Buick, Diego —, Kia, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, Bloomberg, Binary Defense, Mazda, Automatch Consulting Locations: New York, North America, United States, Canada, Berlin , Vermont, Clay County , Florida, Diego, Lynn , Massachusetts, Eastern Europe, Seekonk , Massachusetts

☆ Why ESPN's rival to FanDuel and DraftKings is flailing — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. Even Fanatics, the industry's other major recent disrupter, hasn't made much of a dent in DraftKings' and FanDuel's dominance. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. How ESPN Bet can make a comebackPenn could still be successful if it improves its product and spends less money on acquiring new customers, the analysts said. Jonas said if Boyd acquires Penn, it would be a sizable shift in strategy for their management, team, and board.

Persons: —, FanDuel, Dan Wasiolek, Will Wyatt, Penn's, Jay Snowden's, Boyd, Penn, ESPN Bet's, hasn't, it's, Barry Jonas, Scott Van Pelt, Stephen A . Smith, ESPN Bet, Penn doesn't, Jonas, EKG, Snowden, Wasiolek, they'll Organizations: Service, ESPN, Penn Entertainment, Business, ESPN Bet, Morningstar, Donerail Group, Barstool Sports, Penn, Reuters, Boyd Gaming, Truist Securities, Barstool, ESPN Bet's, NFL, Management Locations: Barstool, Penn, Pennsylvania, Eilers

☆ Prominent Biden loyalists suggest he should step down
▼ + stars: | 2024-06-28 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +7 min

Read previewFor months, Democrats have rallied behind President Joe Biden, insisting that in private moments he is energetic and up for the job. David AxelrodDavid Axelrod, a former Obama staffer, said the GOP will be in trouble if another Democrat replaces Biden as the nominee. He confronted the question on nearly every Democrat's mind: whether Biden should drop out of the race. The Pod GuysThough typically loyal to Biden, the hosts of the hugely popular podcast are saying that Biden should, at the very least, consider stepping aside. Kristof implored the president to leave his successor in the hands of delegates at the Democratic National Convention.

Persons: —, Joe Biden, Biden's, David Axelrod David Axelrod, Biden, Joe Raedle, Obama, Axelrod, Jason Mendez, Getty, Jon Favreau, haven't, Joe Biden —, Dan Pfeiffer, Tommy Vietor, Claire McCaskill, McCaskill, Kamala Harris, Gavin Newsom, Thomas Friedman, Michael Cohen, Friedman, Donald Trump, Harris, Van Jones, Scott Dudelson Van Jones, Jones, Joy Reid, Ben Rhodes, Nicholas Kristof The, Kristof, Gretchen Whitmer, Sen, Sherrod Brown, Gina Raimondo, Alex Thompson Organizations: Service, Democratic National Convention, Business, Obama, GOP, CNN, Democratic, MSNBC, New York Times, Convention, CBS, Getty Locations: America, California

☆ Watch Friday's full episode of the Halftime Report — June 28, 2024
▼ + stars: | 2024-06-28 | 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 EmailWatch Friday's full episode of the Halftime Report — June 28, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Wall Street kicks off the second half of 2024 with key jobs report in the week ahead
▼ + stars: | 2024-06-28 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The S & P 500 and Nasdaq Composite are hovering around all-time highs, having rallied roughly 15% and 18%, respectively. The 30-stock Dow and S & P 500 each posted losses, down by 0.1%, each. In recent days, a number of Wall Street firms have hiked their year-end S & P 500 targets to catch up with this year's surprisingly strong rally. On a median basis, strategists expect the S & P 500 will end the year at 5,500, a CNBC Pro survey shows . June jobs report Markets will be closed Thursday for the Fourth of July holiday.

Persons: chipmaker, Craig Johnson, Piper Sandler, Goldman Sachs, Scott Chronert, CNBC's, Chronert, Piper Sandler's Johnson, Bill Merz, Merz, He's, Jamie Meyers, Laffer Tengler, he's, Meyers, Bank's Merz Organizations: Nasdaq, Dow Jones, Nvidia, Microsoft, Deutsche Bank Research, Equity, Dow, Wall Street, Citi, ISI, CNBC, U.S, Bank Wealth Management, PMI, Manufacturing, ADP, PMI Services, Services PMI, Constellation Locations: U.S

Asked whether Biden would exit the race, Biden campaign spokesperson Seth Schuster responded: “No.”“There’s no basis for that,” one Biden adviser also told CNN Friday morning. The Biden campaign will hold an all-staff meeting Friday afternoon, two Biden campaign officials told CNN, part of what they said is a routine pattern of Friday meetings. “It’s hard to debate a liar,” Biden told patrons at an Atlanta-area Waffle House following the debate. Big lies.”Pro-Biden political world fretsIn the broader pro-Biden and anti-Trump political universe, the panic over Biden’s debate performance was much clearer on Friday morning. God.”The veterans of Obama’s administration who launched the “Pod Save America” series of podcasts popular with liberal listeners also lamented Biden’s performance.

Persons: Joe Biden’s, Biden, “, Donald Trump, Seth Schuster, ”, Joe Biden, Allison Joyce, Hakeem Jeffries, Biden —, “ I’m, ” Jeffries, Biden’s, David, “ It’s, It’s, ’, Jeff Zients, Anita Dunn, Tristen Rouse, CNN ‘, ’ Biden, —, Barack Obama’s, Obama, ” Obama, ” Biden, reconsidering, Joe, Jill Biden, Trump, Republican Adam Kinzinger —, Kinzinger, Joe Scarborough —, Axios, ” Scarborough, ” Jon Stewart fuming, ” Stewart, Jon Favreau, haven’t, Joe Biden —, ” Ben Rhodes, “ Joe Biden couldn’t, Angie Craig, Brad Schneider, Scott Peters, ” Peters, Nancy Pelosi, ” Trump, Jim Clyburn, didn’t, Democratic Sen, Ben Cardin, Ben Cardin of Maryland, “ Biden, ” Cardin, ‘ We’ve, Josh Shapiro, Shapiro, ” “, we’ve, ” Shapiro, Michigan’s Gretchen Whitmer, “ Joe Biden, ” Whitmer, Donald Trump’s, Betsy Klein, Haley Talbot, Manu Raju, Veronica Stracqualursi, Andrew Millman, Ted Barrett, Lauren Fox, Annie Grayer, Priscilla Alvarez Organizations: Washington CNN, Democratic, CNN, House, Getty, House Democratic, Biden, White, White House, “, Trump, Charlottesville White, New York Times, Republican, Illinois, Obama, ” Hill, California, South Carolina Rep, Pennsylvania Locations: North Carolina, Wilmington, Raleigh , North Carolina, Carolina, Biden’s Wilmington, Washington ,, Atlanta, Charlottesville, America, Ben Cardin of, Chicago

☆ Markets unfazed as Donald Trump has much better debate night than Joe Biden
▼ + stars: | 2024-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

London CNN —President Joe Biden had a shaky performance in last night’s presidential debate, triggering panic in the Democrat camp. Former President Donald Trump, meanwhile, repeated multiple falsehoods while doubling down on his record of cutting taxes and hiking tariffs during his first presidential term. If repeated in a second Trump term, many economists fear that kind of agenda could stoke inflation at a critical moment and add to America’s rapidly growing debt mountain. That could pull the typical year-end election relief rally forward, said Ed Clissold, chief US strategist at Ned Davis Research. The US dollar has also been reactive — it edged higher as initial CNN polling found that Trump was viewed as the winner of the debate.

Persons: Joe Biden, Donald Trump, shrugged, ”, Keith Lerner, Barack Obama, Trump, Lerner, Ed Clissold, Ned Davis, Antonio Ernesto Di Giacomo, “, Goldman Sachs ’ Scott Rubner, Jonas Goltermann, Emmanuel Macron, Katie Nixon, France’s, CDK, Ramishah Maruf, Eva Rothenberg, aren’t, they’ve, Scott Campbell, CNN they’ve, Jordan Valinsky, Tim Wentworth Organizations: London CNN, Democrat, Trump, “, Biden, Ned, Ned Davis Research, Investors, Capital Economics, CNN, Renaissance, Northern Trust Wealth Management, CAC, CDK, Auto, Capital City Buick GMC, Bloomberg, Walgreens Locations: France, “, North America, United States, Canada, Berlin , Vermont, Eastern Europe, America

☆ Why ESPN's sports-betting app is falling behind — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The future of ESPN's sports-betting app is now in question amid mounting losses and an activist investor push at partner Penn Entertainment that has prompted sale rumors. The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. "Testers liked ESPN Bet's UX and minty aesthetic but felt the app lacked depth (particularly more extensive features)," EKG wrote in May. "Product is one thing, and I would say having expertise in how to target users effectively to lower your acquisition costs and your retention costs" is key for the ESPN Bet app to compete, Wasiolek said.

☆ Are PBMs driving drug prices up? Two analysts weigh in
▼ + stars: | 2024-06-28 | 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 EmailAre PBMs driving drug prices up? Two analysts weigh inCNBC’s Bertha Coombs with Dr. Scott Gottlieb and David Fields, join 'Power Lunch' to discuss pharmaceuticals stocks getting a slight tailwind from Biden's poor debate performance and PBMs driving drug prices up.

Persons: Bertha Coombs, Scott Gottlieb, David Fields

☆ Watch Thursday's full episode of the Halftime Report — June 27, 2024
▼ + stars: | 2024-06-27 | 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 EmailWatch Thursday's full episode of the Halftime Report — June 27, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ These 13 states — including Florida and Texas — opted out of a $2.5 billion federal food program that would help feed low-income kids this summer
▼ + stars: | 2024-06-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

During the pandemic, the federal government covered the entire cost of the Summer EBT program, but starting this summer, states will be on the hook to split administrative costs 50/50. AdvertisementThirteen Republican-led states ultimately opted out of the program this summer, citing myriad reasons, including redundancy, insufficient support, and politics. AlabamaAccording to the state's Department of Health, one in four children in Alabama faces food insecurity. The state will reconsider joining the summer program once the backlog is dealt with, the outlet reported. Brian Kemp told local outlet 11 Alive that the state already has a summer food program in place.

Persons: —, Brian Kemp, Republican Sen, Cindy Carlson, Kim Reynolds, Reynolds, Kevin Stitt, Stitt, Biden, Henry McMaster, Scott Olson, Iran Fury, Kristi Noem, Chalkbeat, Fury, Megan Degenfelder, Degenfelder Organizations: Service, Department of Agriculture, SUN, Business, The, Agriculture, state's Department of Health, SUN Bucks, Alabama, state's Department of Education, Assistance, SNAP, state's Department of Children, Families, Florida Department of Children, Republican Gov, Republican, Idaho Education, Iowa, Iowa Iowa Gov, Human Services, Biden Administration, Mississippi The Mississippi Department of Human Services, Magnolia Tribune, Oklahoma Republican Gov, South Carolina Republican Gov, The Texas Tribune, state's, Human Services Commission Locations: Alabama, Alaska Alaska, Alaska, Florida, Georgia, SUN Bucks, NurPhoto Idaho, Idaho, Iowa Iowa, Mississippi, Oklahoma, South Carolina, Dakota South Dakota, Iran, Texas Texas, Wyoming Wyoming, Wyoming

☆ Inside the New Job Stress Test Used From the NFL to the C-Suite
▼ + stars: | 2024-06-27 | by ( Scott Nover | ) www.businessinsider.com time to read: +14 min

In fact, I outperformed nearly all draft prospects in certain categories of this test, floundering on only one. Related storiesFor many years, the standard-bearer for evaluating the brains of NFL athletes was the Wonderlic, a short IQ test with a series of increasingly difficult questions. Stroud, then favored to be the first player selected in the NFL draft, over the Alabama quarterback Bryce Young. But then Stroud, the alleged dolt, went on to have one of the best rookie campaigns of any NFL quarterback, while Young struggled all year. Unfazed by the controversy over Stroud, S2 has begun selling its tests to other sectors.

Persons: Pong, Jack Marucci, Marucci, we've, Brandon Ally, Scott Wylie, Ally, Wylie, Patrick Mahomes, Lamar Jackson, John Michel, C.J ., Bryce Young, Young, Stroud, Stroud's, Aaron Rodgers, That's, Myers, Briggs, Goldman Sachs, Alberto Miranda, that's, Michel, Scott Nover Organizations: National Football League, SEC, Louisiana State University, NFL, Loyola University Maryland, Ohio State, Alabama, Athletic, Jets, Athletic Intelligence, intuit, Boeing, Meta, BI Locations: Tennessee, Nashville, C.J . Stroud, Stroud, Columbus , Ohio

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