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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla will eventually be a market cap 'north of $1 trillion' every year, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
“Hamas could have answered with a single word – yes,” he said. “It’s time for the haggling to stop and a ceasefire to start. Hamas submitted its reply to the multi-phased ceasefire and hostage release proposal to mediators on Tuesday. According to a senior State Department official, Blinken, who was in Amman at the time, dispatched two of the senior staff traveling with him to retrieve Hamas’ response from Egyptian Intelligence Chief Abbas Kamel, who was also in the Jordanian capital. Izzat al-Rishq, a member of the Hamas political bureau, described their response as “responsible, serious and positive.”CNN’s Becky Anderson, Hamdi Alkhshali and Benjamin Brown contributed to this report.
Persons: Antony Blinken, ” Blinken, , “ Israel, Benjamin Netanyahu, , Jake Sullivan, , Israel, Blinken, Abbas Kamel, ” CNN’s Becky Anderson, Hamdi Alkhshali, Benjamin Brown Organizations: CNN, US National, UN, State Department, Egyptian Locations: Gaza, Doha, Israel, , Egypt, Jordan, Qatar, Amman, Jordanian, Izzat
The loan is expected to be delivered by the end of 2024, which would ensure the money would get to Ukraine before a potential change in US presidents. “This loan will mostly be provided by the United States and will be supplemented by money from Europe,” an Élysée source told journalists at a briefing. “Countries are still discussing how to partition the cost if the profits from Russian assets are not sufficient to cover the need,” the French source added. G7 countries began brainstorming ways to identify longer-term sources of funding for Ukraine in late 2023, as lawmakers delayed in greenlighting the White House’s funding request. The World Bank estimates that Ukraine would need more than $500 billion to rebuild, a figure that climbs each day the war continues.
Persons: Joe Biden, Donald Trump, Trump, Vladimir Putin, Jake Sullivan, Biden, ” Sullivan, , , Tim Adams, Marshall, Xiaofei Xu Organizations: Washington CNN —, US, Ukraine, Ukraine –, Atlantic, Treasury, State, National Security, Institute of International Finance, United, Marshall Plan, European, Bank Locations: Ukraine, Western, Europe, Russia, Brindisi, Italy, United States
But menu prices, a source of frustration for budget-conscious consumers, are still going up — even as restaurants brag about their discounted meals. In that time prices ticked up 0.2% at limited service spots, which include fast casual and fast food joints. Grocery prices rose 1% in the 12 months through May. The increases, particularly in fast food prices, have caused customers to pull back on spending and complain online, eroding the sector’s reputation for affordability. In February, overall food prices remained flat for the first time since April 2023.
Persons: Joe Erlinger, Justin Sullivan, Rice, Milk Organizations: New, New York CNN, Bureau of Labor Statistics, McDonald’s, KFC, Starbucks Locations: New York, Burger King, Ukraine, Texas
The speed of the verdict took nearly everyone by surprise — including the first lady, Jill Biden. As the verdict was read aloud — guilty on all three felony counts — Hunter Biden stood with arms crossed, grimly surveying the jury. After jurors left the courtroom, Mr. Biden hugged his lawyers. Jill Biden, the first lady and Mr. Biden’s stepmother who attended most days of the trial, was not able to get to the courtroom in time for the verdict because of security delays. But she held Mr. Biden’s hand as he left the courthouse and got into a waiting vehicle without speaking to reporters.
Persons: Jill Biden, — Hunter Biden, Biden, Melissa Cohen Biden, , Biden’s Locations: Wilmington, Del
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaising Cane's co-CEO AJ Kumaran on California's fast-food minimum wage hikeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Cane's, AJ Kumaran, Brian Sullivan, Organizations: CNBC
Hunter Biden, the president’s son, was found guilty on three felony counts related to buying a gun while he was in the throes of drug addiction. His lawyers argued that the special counsel who brought the case, David C. Weiss, had no evidence that Mr. Biden used drugs the day of his purchase or in the surrounding period. Before deciding to convict him on all three charges, the jury heard about Mr. Biden’s spiraling addiction to crack cocaine from women in his life, as well as in Mr. Biden’s own words, which the prosecution shared by using excerpts from the audiobook of his memoir. The verdict in Mr. Biden’s trial came just weeks after former President Donald J. Trump was convicted in a Manhattan courtroom of falsifying business records to cover up a hush-money payment to a porn star. Both trials were surrounded by partisan dynamics and questions about the criminal justice system’s ability to operate without regard to politics.
Persons: Hunter Biden, David C, Weiss, Biden, Biden’s, Donald J, Trump Locations: Manhattan
In today's big story, we're looking at all the takeaways from Apple's big event , including its friendlier spin on artificial intelligence . Related VideoBut first, it's not AI; it's Apple Intelligence. Apple Intelligence — it's AI, just not that AI — is the company's first big swing in the space. Data is the name of the game when it comes to AI, and Apple's iPhones are full of it. However, the Apple Intelligence news and partnership with OpenAI is what really set the billionaire off.
Persons: , we've, it's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook, Apple, Apple's, Insider's Jordan Hart, Katie Notopoulos, Pro Max, BI's Peter Kafka, Max —, wasn't, Elon Musk, Chelsea Jia Feng, Grzegorz Wajda, Elon, Bernstein, Toni Sacconaghi, Point72, Steve Cohen's, WallStreetBets, Tyler Le, OpenAI, Sarah Friar, Kevin Weil, who's, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, Tech, Apple Intelligence, Washington, Getty, Apple, Pro, Elon, OpenAI, Academy Investment, GameStop, Planet Labs, Oracle Locations: Apple's, Chelsea, Silicon, New York, London
Mr. Biden was speaking just hours after his son Hunter Biden was convicted in Delaware of three felony counts of lying on a federal firearms application in 2018. Previously, the president had vowed not to pardon Hunter Biden if he were to be found guilty. He did not address his son’s conviction during his remarks on Tuesday. Mr. Biden has made gun reform a central part of his administration. The passage of the bill ended nearly three decades of gridlock over gun reform in Washington, although it fell short of many of the sweeping measures sought by Democrats.
Persons: Biden, Hunter Biden, Hunter, , Mr, , ” Eileen Sullivan Organizations: White, Republicans Locations: Delaware, Uvalde , Texas, Washington, Wilmington, Del
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Points Guy Brian Kelly reveals his best and worst U.S. airlinesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Guy Brian Kelly, Brian Sullivan, Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShari Redstone ends talks with Skydance on Paramount deal, reports WSJHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Shari Redstone, Skydance, Brian Sullivan, Organizations: Paramount, CNBC
A jury in Wilmington, Del., on Tuesday found Hunter Biden, President Biden’s son, guilty of three felony counts for lying on a federal firearms application, a shattering blow for the Biden family in the middle of an unforgiving presidential election campaign. The verdict brought an end to an extraordinary seven-day trial that made painfully public Mr. Biden’s crack addiction, reckless behavior and ruinous spending — narrated by three former romantic partners, including the widow of his brother, Beau Biden, and by the defendant himself in the pages of his memoir. The charges that Mr. Biden was convicted of stem from the purchase of a Colt pistol in October 2018, and also included illegal possession of a weapon after falsely claiming to be drug-free on the standard background check required in all firearms transactions. Mr. Biden, 54, faces up to 25 years in prison, although federal sentencing guidelines call for a fraction of that penalty. First-time offenders who did not use their weapons to commit violent crimes typically see little jail time, and prosecutors suggested they would not seek a sentence more severe than for any other person convicted in such a case.
Persons: Hunter Biden, Biden’s, Biden, Beau Biden, Mr Locations: Wilmington, Del
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's pay package should pass by large margin, says former Ford CEO Mark FieldsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Mark Fields, Brian Sullivan, Organizations: Elon, CNBC
Hunter Biden’s defense team is expected to wrap up arguments in his federal firearms trial in Delaware on Monday, and the jury could begin deliberating by day’s end barring any dramatic moves — like a last-minute decision by Mr. Biden to testify on his own behalf. Mr. Biden, who is President Biden’s son, was angered by the government’s tough cross-examination of his daughter Naomi Biden Neal on Friday and told people in his orbit that he would consider testifying. But the defense, after a weekend of consultations between Mr. Biden and his lead lawyer, Abbe Lowell, now seems more likely to rest without taking the risky step of putting Mr. Biden on the stand. Prosecutors and Mr. Lowell’s team will meet early on Monday with the presiding judge to consider a request by the defense to dismiss the case. If the judge, Maryellen Noreika, rejects Mr. Lowell’s motions, as expected, each side will present its closing argument and Judge Noreika will issue instructions to the jury.
Persons: Hunter, Mr, Biden, Biden’s, Naomi Biden Neal, Abbe Lowell, Lowell’s, Maryellen Noreika, Noreika Locations: Delaware
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDominance of mega-caps has become a secular trend, says Charles Schwab's Kevin GordonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Charles Schwab's Kevin Gordon, Brian Sullivan, Organizations: CNBC
CNN —President Joe Biden’s power to engineer a swift abatement of the war between Israel and Hamas just suffered two serious new blows. • The rescue mission also emphasizes the disparity in the death toll between Palestinians and Israelis in the conflict. • The absence of Gantz may also create an even greater obstacle to approval of any peace deal between Israel and Hamas. • The fracturing of the Israeli war cabinet and Gantz’s call for elections could have unpredictable consequences in Israel amid rising protests against Netanyahu. That is tragic.”But the national security adviser’s comments will do nothing to ease Biden’s domestic political exposure over the war.
Persons: Joe Biden’s, Benny Gantz, Biden, , estrange Biden, Donald Trump, Kamala Harris, Antony Blinken, Gantz, Benjamin Netanyahu, Netanyahu, Yoav Gallant, Jake Sullivan, Dana Bash, Sullivan, , Israel, ” Sullivan, “ Innocent, Mike Johnson, Sen, Tom Cotton, Cotton, , Biden Gantz, ” Gantz, doesn’t, Aaron David Miller, comport, ” Miller, Joe Biden, ” Biden, you’ve, ” Richard Haass, CNN’s Fareed Zakaria, Haass Organizations: CNN, Israel, Biden, Likud, Trump, Union, Eiffel, Republicans, Democratic National Convention, Fox News, Arkansas Republican, The New York Times, Washington Post, ” Gaza’s Ministry of Health, IDF, ” CNN, , Saudis, United, Palestinian Authority, Foreign Relations Locations: Israel, Gaza, United States, Michigan, Washington, Egypt, Jordan, Qatar, France, “ State, American, Chicago, America, Netanyahu, East, United Arab Emirates
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCraft Ventures' David Sacks talks Trump fundraiser in Silicon ValleyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Trump, Brian Sullivan, Organizations: Craft Ventures, CNBC Locations: Silicon Valley
French election shock hits stocks and the euro
  + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.
Persons: Emmanuel Macron, Macron, Générale, , , Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, , France
Biden administration officials have discussed potentially negotiating a unilateral deal with Hamas to secure the release of five Americans being held hostage in Gaza if current cease-fire talks involving Israel fail, according to two current senior U.S. officials and two former senior U.S. officials. The Biden administration has said it believes Hamas is holding five American hostages who were abducted during the Oct. 7 terrorist attack on Israel. The officials did not know what the U.S. might give Hamas in exchange for the release of American hostages. Earlier this week, Israeli officials estimated that some 120 hostages are still being held by Hamas and that 43 of them have died in captivity. Over the weekend, four Israeli hostages kidnapped from the Nova music festival were rescued in an operation conducted by the Israel Defense Forces.
Persons: Biden, Israel, Benjamin Netanyahu, Netanyahu, Alexander, Sagui Dekel, Chen, Hersh Goldberg, Polin, Omer Neutra, Keith Siegel, Itay Chen, Judy Weinstein, Gad Haggai, Antony Blinken, Jake Sullivan, Bill Burns, Brett McGurk Organizations: Hamas, U.S, Qatari interlocutors, White, Nova, Israel Defense Forces, NBC News, National, CIA Locations: Gaza, New York City , New York, Israel, Qatari, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of Insomnia Cookies talks turning college side hustle into $200 million businessHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: CNBC
Eyewitnesses also said that they saw Israeli forces in disguise – dressed as Hamas fighters or civilians. The Israeli military denied using civilian vehicles, but declined to say whether the officers conducting the rescue were disguised as militants or dressed as Palestinian civilians. The Israeli military had previously used civilian clothing as a tactic in its operations. But soon after the mission got underway, Israeli soldiers and militants began to exchange fire, according to eyewitness accounts and statements from the Israeli military. A senior Biden administration official tells CNN that Israeli forces did not use an aid truck in the operation.
Persons: Mercedes, , , ” Khalil Al Tirawi, Mercedes van, — Noa Argamani, Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, Noa Argamani’s, Adm, Daniel Hagari, , Argamani, Arnon Zamora, Al Tirawi, Abdullah Jouda, ” Jouda, ” Hagari, Fadi Thabet, Trevor Ball, Richard Weir, ” Al Tirawi, Nidal Abdo, Zamora, Yaron Finkelman, that’s, Jake Sullivan, CNN’s Dana, ” Benjamin Netanyahu’s, Hagari, Alex Marquardt Organizations: CNN, Israel Defense Forces, Nova, Israeli Security Agency, IDF, ” CNN, National Police, Hamas ’, Al, CNN CNN, Mercedes, Human Rights Watch, Biden, Southern Command, Union, Sheba Medical, Ichilov Locations: Nuseirat, Gaza, Israeli, Jabalia, Al Jazeera, Argamani, United States, Israel, U.S, “ State, Ramat Gan, Tel Aviv
CNN —National security adviser Jake Sullivan on Sunday declined to say whether the US was comfortable with an Israeli hostage rescue mission that Gazan officials say killed more than two hundred. The Israeli military rescued four hostages in a special operation in the Nuseirat refugee camp, central Gaza, that Gazan authorities said killed 236 people and injured more than 400 others. An Israeli military spokesperson put the number of casualties from the operation at “under 100,” and had no information on how many of those were civilians. CNN previously reported that an American cell in Israel supported the efforts to rescue the four Israeli hostages, but Sullivan would not elaborate further. “The best way to get all of the hostages home and to protect Palestinian civilians is to end this war.
Persons: Jake Sullivan, “ Innocent, ” Sullivan, CNN’s Dana, ” “, Bash, Sullivan, , , , Joe Biden Organizations: CNN, National, Union, Palestinian Locations: “ State, Gaza, Israeli, , Israel, United States
Here are some little-known secrets even the biggest Disney fans might not know about Magic Kingdom. There's a hidden homage to Walt Disney at the front of the parkWalt Disney Was born in 1901. Kim Renfro/INSIDERAlthough Space Mountain is an iconic attraction that has become synonymous with the park, it was not an opening-day attraction at Magic Kingdom in 1971. There are locations in both Disneyland and Disney World, and the Magic Kingdom Club 33 is located at the entrance to Adventureland near the Adventureland Bazaar. The Walt Disney World Railroad spans 1.5 miles across the parkMagic Kingdom's 20-minute train ride stops on Main Street, in Frontierland, and in Fantasyland.
Persons: , Walt Disney, Jenna Clark, Walt, isn't, Roberto Machado Noa, it's, Jenna Clark Gaston's, It's, Kim Renfro, Mickey Mouse's, Mickey, Mickey Mouse, ROBERT SULLIVAN, who've, Walter E, Lilly Belle, Walt's, Lillian, Roy O, Roger E, Jenna Clark Just Organizations: Service, Disney, Magic, Business, Walt, Kingdom, Barber, Getty, Magic Kingdom, Kingdom's, Adventureland, Cinderella, Walt Disney World Railroad, Liberty, Hollywood Studios Locations: aren't, Frotierland, USA, New Fantasyland, Tomorrowland, Magic, Pinocchio's, Adventureland, There's, AFP, Frontierland, Fantasyland
The ultimate goal, sources said, is to iron out some of the thorniest financing details in the coming days so that an agreement can be announced as part of the G7 leaders’ communiqué this week. US officials argue that the dire situation for Ukraine makes the approval of such a loan deeply urgent. We believe it’s a priority for the entire G7,” Biden’s national security adviser Jake Sullivan told reporters last week. Biden met with Zelensky as his administration announced a $225 million security assistance package for Ukraine. The delay, US officials have said in recent months, undoubtedly resulted in Ukraine losing valuable ground on the battlefield.
Persons: Joe Biden’s, Biden, , Vladimir Putin, Jake Sullivan, Volodymyr Zelensky, Zelensky, ” Biden Organizations: CNN, Ukraine Locations: Ukraine, Italy, Canada, France, Germany, Japan, Russia, United States
Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.
Persons: , Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan
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