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☆ JD Vance's pro-natalist comments are older than his political career
▼ + stars: | 2024-08-01 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

Vance's campaign has been careful to point out that his comments about childless adults are aimed Democratic leaders. Advertisement"You go on Twitter and almost always the people who are most deranged and most psychotic are people who don't have kids," Vance said. AdvertisementJust two days later, Vance went on "Tucker Carlson Tonight" and made the comment about "childless cat ladies." Rather than walk back his comments, Vance attempted to profit off of them. Unknowingly addressing his future political opponent, Vance said, "If you want to brainwash children, have your own kids to brainwash."

Persons: —, JD Vance, — he's, Trumper, MAGA, Vance didn't, Vance, dotting, he's, Taylor Van Kirk, Tucker Carlson, We've, sociopaths, they're, Breitbart, Kamala Harrises, Megyn Kelly, Kamala Harris, hasn't Organizations: Service, Democratic, American Conservative, Business, Twitter, Senate, Washington Post, FOX, Intercollegiate Studies Institute, Breitbart News, Yale Law School, CNN Locations: millennials

☆ Boeing just named its new CEO — an aerospace veteran with the tough task of getting the planemaker back on track
▼ + stars: | 2024-07-31 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Industry veteran Kelly Ortberg will be the new CEO of Boeing. He faces a tough task to get the planemaker back on track after the Alaska Airlines blowout. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing announced that its new CEO will be Kelly Ortberg, the former boss of avionics firm Rockwell Collins. This story is available exclusively to Business Insider subscribers.

Persons: Kelly Ortberg, —, Rockwell Collins, Ortberg, Dave Calhoun, Steve Mollenkopf Organizations: Boeing, Airline, Alaska Airlines, Service, Business

☆ Watch CNBC’s Fed panel react to the Federal Reserve’s decision to leave interest rates unchanged
▼ + stars: | 2024-07-31 | 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 CNBC’s Fed panel react to the Federal Reserve’s decision to leave interest rates unchangedCNBC’s Steve Liesman with JPMorgan’s David Kelly, Wolfe Reseearch’s Stephanie Roth and Morgan Stanley’s Jim Caron, join ‘Power Lunch’ to react to the Fed’s decision to leave rates unchanged.

Persons: Steve Liesman, JPMorgan’s David Kelly, Wolfe, Stephanie Roth, Morgan Stanley’s Jim Caron Organizations: Watch, Federal

☆ Boeing taps former Collins Aerospace CEO Kelly Ortberg to replace Dave Calhoun
▼ + stars: | 2024-07-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Kelly Ortberg, chief executive officer of Rockwell Collins Inc., stands for a photograph at the company's production facility in in Manchester, Iowa, U.S., on Wednesday, Aug. 31, 2016. Boeing has named Robert "Kelly" Ortberg to succeed CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer scrambles to regain its footing from safety and manufacturing crises. Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace, and the business is now part of industry behemoth RTX . His appointment Wednesday came alongside Boeing's second-quarter results, which revealed a wider-than-expected loss and a 15% drop in sales. "Kelly is an experienced leader who is deeply respected in the aerospace industry, with a well-earned reputation for building strong teams and running complex engineering and manufacturing companies."

Persons: Kelly Ortberg, Robert " Kelly, Ortberg, Dave Calhoun, Rockwell Collins, Boeing's, Calhoun, Kelly, Steven Mollenkopf Organizations: Rockwell Collins Inc, Boeing, Rockwell, Collins Aerospace Locations: Manchester , Iowa, U.S

☆ Team USA women’s basketball squad endorses Kamala Harris for president
▼ + stars: | 2024-07-31 | by ( Kyle Feldscher | Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —The head coach and players of Team USA’s women’s basketball endorsed Vice President Kamala Harris’ presidential bid on Wednesday. Harris took over the Democratic nomination earlier this month after President Joe Biden decided to end his reelection bid and endorse his No. The players on Team USA – and the WNBA in general –have been far more willing to engage in political statements than some of their other professional sports peers. Harris had visited the men’s basketball team during their training camp ahead of the Games. “If she’s on the ticket winning the election, like it’s, it’s a big, big deal to say the least and she represents the Bay Area,” Curry said last week.

Persons: USA’s, Kamala Harris ’, It’s, Harris, Joe Biden, She’s, Donald Trump, –, “, Kamala, …, ”, Breanna Stewart, Sen, Kelly Loeffler, Rev, Stephen Warnock –, Warnock, Loeffler, He’s, Cheryl Reeve, Kamala Harris, Diana Taurasi, ” Taurasi, Stephen Curry, Harris ’, ” Curry, “ She’s Organizations: CNN, Democratic, Biden, USA, WNBA, New York Liberty, Atlanta Dream, Minnesota Lynx, women’s Team Locations: American, Georgia, America

☆ Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
▼ + stars: | 2024-07-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices — Shares popped nearly 9% after the chipmaker's earnings and revenue beat analyst estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet.

Persons: DuPont, LSEG, Pinterest, FactSet, Dan Dolev, Kelly Ortberg, Dave Calhoun, AutoNation, StreetAccount, Kraft Heinz —, Greg Heckman, —, Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound, Samantha Subin Organizations: DuPont, Intel, Bloomberg, Microsoft, AMD, LSEG, Revenue, Nvidia, ASML, Arista Networks, Arista, Starbucks, Mizuho, Boeing, Collins Aerospace, Entertainment, Humana, Marriott, FactSet, Mobile, Nuclear Regulatory Commission, Nuclear, Constellation Energy, Constellation, Bunge Locations: Tuesday's, FactSet, Texas, U.S

☆ Why chip stocks are on an absolute tear today
▼ + stars: | 2024-07-31 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Nvidia is getting a boost from that and surging after being renamed Morgan Stanley's top semi pick. AdvertisementChip stocks were rallying across the board on Wednesday, driven by a big earnings beat from AMD and Morgan Stanley naming Nvidia a top stock pick. Other stocks getting a lift included ASML (up 11%), Qualcomm (up 6%), and Samsung (up 4%). In addition to riding AMD's wave higher, Nvidia was renamed Morgan Stanley's top semiconductor stock pick. "Through those concerns, the earnings environment is likely to remain strong, for NVIDIA and for the whole AI complex," the analysts said.

Persons: Morgan Stanley's, —, Morgan Stanley, Morgan Organizations: Nvidia, AMD, Service, Morgan, Qualcomm, Samsung, NVIDIA Locations: China, Netherlands, Japan, South Korea

☆ Boeing names new CEO after losses more than triple
▼ + stars: | 2024-07-31 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Boeing announced Robert “Kelly” Ortberg, the former CEO of supplier Rockwell Collins, will be its new CEO, effective August 8, replacing retiring Boeing CEO Dave Calhoun, who has been under fire for the company’s problems. Serious problems to solveOrtberg will have his hands full fixing the problems at Boeing, which has not posted a profitable year since 2019. It recently agreed to plead guilty to charges that its employees defrauded the Federal Aviation Administration during the original certification process for the 737 Max. The company has come under renewed scrutiny since a 737 Max plane’s door plug blew off shortly after takeoff in January. But that will keep the losses building at Boeing as it can’t make money at its current level of production.

Persons: Robert “ Kelly ” Ortberg, Rockwell Collins, Dave Calhoun, Ortberg, I’m, ”, ” Ortberg, Dennis Muilenburg, “ Kelly, Steven Mollenkopf, ” Rockwell Collins, Max Organizations: New, New York CNN, Boeing, Texas Instruments, United Technologies, Collins Aerospace, Federal Aviation Administration, FAA, Air Force Locations: New York

☆ We just got another sign inflation is cooling
▼ + stars: | 2024-07-31 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

The data is a welcome sign that inflation is easing, and could add to the Fed's confidence that inflation has slowed enough to allow for rate cuts. AdvertisementIn the past few weeks, Fed officials have consistently said they need more data on cooling inflation and a soft labor market before deciding when (and if) to cut interest rates. In a Wednesday press release ahead of the FOMC meeting, the Fed said inflation is "somewhat elevated," showing inflation has eased closer toward the Fed's 2% target. Related stories"The Committee judges that the risks to achieving its employment and inflation goals continue to move into better balance," the statement said. That language marks a shift in the Fed's focus away from focusing wholly on inflation and toward ensuring both inflation and the labor market continue to cool before cutting rates.

Persons: —, Jerome Powell Organizations: Service, New Labor Department, Bloomberg, Business, Fed, Bank of America Locations: Bank

☆ JD Vance's problem isn't weirdness. It's nastiness.
▼ + stars: | 2024-07-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

"By the way," Vice President Kamala Harris said at an Atlanta rally on Tuesday, "don't you find some of their stuff to just be plain weird?" With Democrats eagerly resurfacing the Ohio senator's years-old comments about "childless cat ladies," Republicans are suddenly on the defensive over their party's nominee for vice president. In an attempted counterpunch, Vance himself posted a video of Vice President Kamala Harris stating her pronouns during a CNN town hall in 2019. I wish her stepchildren and Kamala Harris and her whole family the very best. But what turns off Democrats — and plenty of Republicans — is that he isn't celebrating those who are able to have families.

Persons: —, JD Vance, Kamala Harris, Donald Trump's, Vance, it's, Vance wasn't, Pete Buttigieg, Alexandria Ocasio, Cortez, Tucker Carlson's, There's, haven't, Let's, Megyn Kelly, I've, she's, they've, they're, incentivized, — JD Vance, @JDVance Organizations: Service, Republicans, Business, CNN, Democratic, Transportation, Tucker Carlson's Fox, —, GOP, Trump, Ohio Senate, Republican Locations: Atlanta, Ohio, Alexandria, Cortez of New York, Washington ,, New York

☆ Stocks making the biggest moves midday: Boeing, Vistra, Match Group and more
▼ + stars: | 2024-07-31 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Match Group — Shares of the Tinder dating app owner moved 13% higher after the company posted second-quarter revenue of $864 million. That is above the $856.5 million estimate that analysts polled by FactSet had expected. Revenue, however, came in below expectations at $6.48 billion, compared to the $6.55 billion analysts polled by FactSet had expected. Marriott reported $6.44 billion, which was below the $6.47 billion analysts polled by FactSet had expected. Bunge — The food stock moved nearly 8% lower after the company posted second-quarter results that missed analysts' expectations.

Persons: Vistra, FactSet, LSEG, Dan Dolev, AutoNation, Kraft Heinz —, Bunge, Robert " Kelly, Ortberg, Dave Calhoun, Rockwell Collins, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: FactSet, Nuclear Regulatory Commission, Nuclear, AMD, Nvidia, Qualcomm, Arista Networks, Mizuho, DuPont de Nemours, DuPont, Humana, Starbucks, LSEG, Marriott, Constellation Energy, Constellation, Boeing, Rockwell, Collins Aerospace Locations: Texas, Japan, Korea, Tuesday's

☆ Boeing Names Kelly Ortberg as Its Chief Executive
▼ + stars: | 2024-07-31 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Mr. Ortberg, known as Kelly, will inherit a long list of difficult tasks. Mr. Ortberg, 64, brings decades of industry experience and an outsider’s perspective to the role. He is a former chief executive of Rockwell Collins, which made electronic systems and other technology for aircraft, including those made by Boeing. A mechanical engineer, Mr. Ortberg began his career at Texas Instruments in 1983. He joined Rockwell in 1987, quickly rising through the ranks, overseeing development programs for the Boeing 787 and Airbus A350 planes, and eventually becoming chief executive in 2013.

Persons: Robert K, Ortberg, Kelly, Rockwell Collins, Ortberg’s, Rockwell Organizations: Mr, Boeing, Current, Texas Instruments, Rockwell, Airbus, United Technologies, Raytheon, RTX

☆ Kelly Ortberg is the next best thing for Boeing, says Jefferies' Sheila Kahyaoglu
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKelly Ortberg is the next best thing for Boeing, says Jefferies' Sheila KahyaogluSheila Kahyaoglu, Jefferies aerospace and defense analyst, joins 'Squawk on the Street' to discuss Boeing, as the aerospace company announced its new CEO.

Persons: Kelly Ortberg, Jefferies, Sheila Kahyaoglu Sheila Kahyaoglu Organizations: Boeing, Jefferies

☆ Jim Cramer praises Boeing's new CEO as a 'hands-on operator' who will be good for the stock
▼ + stars: | 2024-07-31 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

The stock, however, was up 2% after Boeing announced its new CEO, industry veteran Kelly Ortberg. Jim Cramer said Wednesday that Ortberg is a "real serious guy, hands-on operator." Cramer said the new CEO will send Boeing shares higher: "But it." It will continue to be good, and we're not in it," Cramer said, referring to not owning the stock in the CNBC Investing Club portfolio. "Mastercard is doing better than Visa because of ancillary businesses they have in addition to cross-border," Cramer said.

Persons: Jim Cramer's, Kelly Ortberg, Jim Cramer, Cramer, Jayshree Ullal, There's, we're Organizations: CNBC, Club, Boeing, Arista Networks, Arista, Mobile, Mastercard, Visa

☆ A September rate cut is still only 50-50, says Morgan Stanley Investment Management’s Jim Caron
▼ + stars: | 2024-07-31 | 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 EmailA September rate cut is still only 50-50, says Morgan Stanley Investment Management’s Jim CaronCNBC’s Steve Liesman with JPMorgan’s David Kelly, Wolfe Research’s Stephanie Roth and Morgan Stanley Investment Management’s Jim Caron, join ‘Power Lunch’ to react to the Fed’s decision to leave rates unchanged.

Persons: Morgan Stanley, Jim Caron CNBC’s Steve Liesman, JPMorgan’s David Kelly, Wolfe, Stephanie Roth, Jim Caron Organizations: Morgan Stanley Investment, Morgan

☆ Ilona Maher, Frederick Richard and other viral Olympians winning medals and hearts
▼ + stars: | 2024-07-31 | by ( Scottie Andrew | ) edition.cnn.com time to read: +10 min

Ilona MaherIlona Maher competes in rugby sevens on July 28 at the Paris Olympics. Frederick ‘Fred’ RichardFrederick Richard competes on the high bar during the men's artistic gymnastics team final on day three of the Paris Olympic Games. Jamie Squire/Getty ImagesTeam: USASport: Men’s gymnasticsIt’s a bird, it’s a plane, it’s — Stephen Nederoscik! And for good reason: He’s the only American gymnast who’s made the Olympic team as a single-event athlete. Kim YejiKim Yeji shoots during the Women's 10m Air Pistol Final on day two of the Paris Olympic Games.

Persons: CNN —, Simone Biles, Sha’Carri Richardson, Katie Ledecky, Ilona Maher Ilona Maher, Hugo Pfeiffer, she’d, Ilona Maher, she’s, Maher, didn’t, ”, Frederick ‘ Fred ’ Richard Frederick Richard, Jamie Squire, Fred Richard’s, Richard, he’s, Stephen Nederoscik Stephen Nedoroscik, it’s, Stephen Nederoscik, Clark Kent, Nederoscik, who’s, Team USA’s Clark Kent, sweated, Games ’, Tyler, Xi, Wang He, Tyler Downs, He’s, he’ll, Greg Duncan, Kim Yeji Kim Yeji, Charles McQuillan, Kim Yeji, Kim, Oh Ye, Jin, ” Kim, Henrik Christiansen, Henrik Christiansen’s, Christiansen, They’ve, flails, Will Christiansen, Daniella Ramirez, Andrew Kelly, It’s, Ramirez, LeBron James, Coco Gauff, James, Gauff, George Washington, Erik Shoji, Shoji, ” Tara Davis, Tara Davis, Woodhall, Davis, Hunter Woodhall Organizations: CNN, Summer, Paris Olympics, USA, Paris Games, Olympics, BMI, US women’s rugby, Paris Olympic, Getty, Team USA, Olympic Games, Team, Games, Apple, Eiffel, USA’s, Paris Olympic Games, South Korea, Associated Press, Reuters, Woodhall Locations: Paris, Xi An, China, Seine, He’s, Norway, Delaware, Rio, Pisa, “

Roy Cooper has taken himself out of consideration to be Vice President Kamala Harris’ running mate, according to two sources familiar with the discussions, in a sign that the accelerated search has entered a new phase. A decision could come within a week, two people familiar with the matter said, with Harris’ goal to make an announcement before August 7. She intends to have private conversations with top contenders, sources said, but it was unclear whether those discussions have started. Cooper, whose friendship with Harris dates back to their time serving as the attorneys general of their respective states, was also the oldest candidate under consideration. His age, 67, was seen by some Democrats to be at odds with Harris’ push for a vigorous and younger ticket, the sources said.

Persons: Roy Cooper, Kamala Harris ’, Harris ’, Cooper, Harris, Mark Robinson, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz, Andy Beshear, Pete Buttigieg Organizations: North Carolina Gov, Republican, Pennsylvania, Arizona, Minnesota Gov, Kentucky Gov, CNN Locations: Kentucky

☆ Kamala Harris’s V.P. Scorecard
▼ + stars: | 2024-07-30 | by ( Katie Glueck | ) www.nytimes.com time to read: +1 min

As Vice President Kamala Harris weighs her running mate options, she may consider governing experience, policy views and personality fit. If Democrats want a ticket with a home-state advantage in a battleground, they’ll need a vice-presidential candidate to bring it. Ms. Harris is studying a few options: Senator Mark Kelly represents Arizona, a swing state that helped cement President Biden’s victory four years ago. The Harris campaign may be tempted to use Mr. Kelly to put the state — and its 11 electoral votes — back in play. Mr. Kelly won statewide in Arizona in 2020 and then again in 2022, with 51 percent of the vote.

Persons: Kamala Harris, Donald J, Trump, JD Vance, Ohio, Harris, Mark Kelly, Biden’s, Mr, Biden, Kelly Organizations: Electoral, Democratic Locations: California, Arizona

☆ It’s not just ‘cat ladies’: JD Vance has a history of disparaging people without kids
▼ + stars: | 2024-07-30 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +6 min

The comments sparked a widespread backlash against Vance when they resurfaced on social media following his nomination to the Republican presidential ticket. Vance later tried to clean up his comments on Megyn Kelly’s podcast last week. Vance would later fundraise off those 2021 remarks in a series of emails obtained by CNN from a commentator who posted them on social media at the time. Video Ad Feedback Sen. JD Vance faces backlash on campaign trail 03:20 - Source: CNN“Did you see me on FOX Primetime recently? I needed to speak DIRECTLY to patriots like you about the serious issue of radical childless leaders in this country,” reads one Vance fundraising email from August 2021.

Persons: Sen, JD Vance, “, sociopaths ”, Vance, ” Vance, Vance’s, “ Tucker Carlson, ”, deriding, I’ve, —, sociopaths, Taylor Van Kirk, he’s, Carlson, Feedback Sen, “ We’ve, they’re, “ I’ve, ” “ I’ve Organizations: CNN, Republican, Democratic, Twitter, Senate, Democratic Party, ”, FOX Locations: ”

☆ Potential Harris VP pick Shapiro will join Yellen to announce free tax filing in PA
▼ + stars: | 2024-07-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Josh Shapiro speaks at his swearing in as Governor of Pennsylvania at the State Capitol Building on January 17, 2023 in Harrisburg, Pennsylvania. Pennsylvania Gov. Josh Shapiro will join Treasury Secretary Janet Yellen to announce that Pennsylvania, a key election battleground, is the next state to get access to the Internal Revenue Service's new free tax filing system. With Harris set to select her running mate some time in the next 10 days, the event will offer Shapiro an opportunity for to co-sign the Biden-Harris economic agenda as he jockeys to become Vice President Kamala Harris' running mate. On Sunday, Shapiro is set to attend a lunch with big-ticket Democratic donors in the Hamptons, CNBC reported Monday.

Persons: Josh Shapiro, Janet Yellen, Harris, Shapiro, Kamala Harris, Brendan Boyle, Mary Gay Scanlon, Tim Walz, Arizona Sen, Mark Kelly, JB Pritzker, Andy Beshear, Pete Buttigieg, Roy Cooper Organizations: State, Building, Pennsylvania, Internal Revenue, Biden, Taxpayers, Minnesota Gov, Illinois Gov, Kentucky Gov, Pete Buttigieg . North Carolina Gov, Hamptons, CNBC Locations: Pennsylvania, Harrisburg , Pennsylvania, Philadelphia, Arizona, Illinois, Kentucky, Pete Buttigieg .

☆ Vice presidents: What this election proves about the importance of running mates
▼ + stars: | 2024-07-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —One major lesson from Vice President Kamala Harris’ sudden ascension to be the presumptive Democratic presidential nominee is that running mates matter. It’s a point not lost on some Republicans who are second-guessing Trump’s selection of Vance and Democrats who are anticipating Harris’ pick any day. Harris’ pick could come within days, according to CNN’s MJ Lee and Jeff Zeleny, who write that the pool of candidates has shrunk by one. Biden went on to pick Harris, the first woman of color to be on a national party’s presidential ticket. In 2016, Trump picked then-Indiana Gov.

Persons: Kamala Harris ’, Donald Trump, Sen, JD Vance, Harris, Joe Biden, It’s, Vance, “, Trump, CNN’s Edward, Isaac Dovere, –, Read, MAGA, Sofia Nelson, Vance’s, Vance's, SSRS, CNN’s KFile, ” Trump, Biden, CNN’s MJ Lee, Jeff Zeleny, Roy Cooper, Arizona Sen, Mark Kelly, Gabby Giffords, Josh Shapiro, Pete Buttigieg, CNN’s Piper Hudspeth Blackburn, Karl de Vries, Eric Bradner, Barack Obama, John McCain, Sarah Palin, Mitt Romney, Paul Ryan, Romney’s, Mike Pence Organizations: CNN, Democratic, Oval, Trump, Republican National Convention, Republicans, GOP, Yale Law School, Fox News, The Washington Post, North Carolina Gov, Arizona, House . Pennsylvania, Transportation, Republican, Alaska Gov, Indiana Gov Locations: Ohio, Detroit, “, – Michigan, Wisconsin, Pennsylvania, Scranton , Pennsylvania

CNN —Kamala Harris is in the thick of choosing a vice presidential running mate, with her campaign eying an announcement in the coming days that would be immediately followed by a joint tour of a series of battleground states. Harris has not yet conducted formal interviews with the top contenders, one source familiar told CNN. As is typical in vice presidential searches, the Harris campaign has been intently focused on who could help strengthen the Harris ticket’s electoral chances. The Harris campaign declined to comment for this story. With about three months remaining in the race, advisers say, a vice presidential candidate is needed on the campaign trail as soon as Harris makes her decision.

Persons: CNN — Kamala Harris, Harris, Joe Biden, –, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz, Roy Cooper, Pete Buttigieg, Andy Beshear, Eric Holder, Tony West, Harris ’, Shapiro, Kelly, ”, “, Biden, Israel, Mike Vereb, ” Manuel Bonder Organizations: CNN, White, Pennsylvania, Minnesota Gov, Tim Walz . North Carolina Gov, Transportation, Kentucky Gov, Democratic, Sun Locations: Arizona, Tim Walz ., Shapiro’s Pennsylvania, Kelly’s Arizona, Pennsylvania, Gaza, Commonwealth, Chicago

☆ Goldman's CEO reverses course, now expects up to 2 rate cuts in 2024
▼ + stars: | 2024-07-30 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

The Fed will likely cut rates once or twice this year, Goldman Sachs CEO David Solomon says. Solomon previously predicted no rate cuts for this year, but says he now sees more promising data. AdvertisementTwo months ago, Goldman Sachs CEO David Solomon said the Federal Reserve was unlikely to cut rates at all in 2024. Now he's predicting one or two cuts this fall as economic data becomes more promising. "I've been more cautious about interest rate cuts all year than the general consensus," he told CNBC in a Tuesday interview.

Persons: Goldman Sachs, David Solomon, Solomon, —, I've Organizations: Service, Federal Reserve, CNBC, Business

☆ CrowdStrike extends post-outage losses to 34% on report Delta has hired a lawyer to seek compensation
▼ + stars: | 2024-07-30 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

The stock fell as much as 13% on Tuesday alone after heavily-hit Delta reportedly hired a lawyer. No suit has been filed, but Delta plans to seek compensation from CrowdStrike, CNBC said. The continued fallout comes after CNBC reported that Delta hired attorney David Boies — chairman of Boies Schiller Flexner — to seek compensation for outage-related damages, according to CNBC. AdvertisementDelta's earnings will drop an estimated $350 million to $500 million this quarter as a result of the outage, according to Bloomberg. Following the Friday outage, Delta still canceled hundreds of flights on Tuesday, by when most other airlines had resumed normal operations.

Persons: —, David Boies —, Boies Schiller, Boies, Elizabeth Holmes, Al Gore, Harvey Weinstein Organizations: Delta, CNBC, Service, Hollywood, Microsoft, Bloomberg, United Locations: CrowdStrike, Delta, FlightAware

☆ Why investors should buy industrial stocks now as a valuable market driver deteriorates, Morgan Stanley says
▼ + stars: | 2024-07-30 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Earnings-revision breadth, cited as a bullish market driver, has deteriorated, Morgan Stanley says. But industrial stocks are still uniquely positioned to outperform, the firm says. AdvertisementA key driver of stock-market bullishness is deteriorating, although there are still opportunities available, Morgan Stanley wrote in new research. The firm is referring to earnings-revision breadth, which enjoyed an increase that coincided with a rally in small-cap stocks in recent weeks. The chart below shows a deceleration in earnings-revision breadth for S&P 500 companies in recent months:Morgan Stanley"This does not offer support for a broad cyclical rotation," Morgan Stanley analysts wrote.

Persons: Morgan Stanley, —, Mike Wilson, Industrials Organizations: Companies, Service, CIO

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