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“In Springfield they’re eating dogs,” the former president said, referring to an Ohio city dealing with an influx of Haitian immigrants. On Sept. 6, there were 1,100 posts on X mentioning Haitians, migrants or immigrants eating pets, cats, dogs and geese, according to PeakMetrics, a research company. The Springfield rumor “made it to his desk. Another source close to Trump’s campaign said Trump and Vance did not discuss the Springfield issue ahead of the debate. “I don’t know what he was thinking,” a different Trump ally said of his choice to bring up the Springfield rumor unprompted.
Persons: Donald Trump, , Kamala Harris, Sen, JD Vance, Ohio, ” Tim Murtaugh, Trump, Harris, , ” Sen, Lindsey Graham, ” Graham, Elon Musk, Vance, ” Vance, , MAGA, David Muir, ” Rep, Byron Donalds, Laura Loomer, ” Loomer, ” “, “ It’s Organizations: , Trump, NBC News, White, CNN, Nazi, Facebook, Springfield, Springfield News, NBC, ABC News, Locations: Springfield, Ohio, Trump, South Carolina, Columbus, Gab, Springfield Ohio, Springfield , Ohio, Clark County , Ohio, NatCon, United States, Florida, America
"For Montanans, it's been harder and harder to find a home that meets their needs and is affordable," he said. The result is not only more condos and duplexes, but a hot-button issue in a Senate race that could ultimately decide who controls the chamber. Tim Sheehy, the Republican nominee, is a former Navy SEAL who founded an aerial firefighting company in Montana. He blames high housing costs on inflation, and blames inflation on laws backed by President Joe Biden and voted on by Tester. "Our biggest challenge growing our company was convincing folks to come to Montana and absorb these crazy housing costs," Sheehy said during the debate.
Persons: DJ Smith, it's, Democratic Sen, Jon Tester, Trump, Cook, Sheehy, Montanans, Tester, Tim Sheehy, Joe Biden, Biden Organizations: Montana Association of Realtors, Big Sky, Senate, Democratic, Republican, AARP, Montana Broadcasters Association, Navy SEAL Locations: MISSOULA, Mont, , Montana
Mortgage rates are falling, but that doesn't guarantee homes will be more affordable in 2025. With more buyers competing for a limited number of homes, prices are likely to rise. Why lower mortgage rates could lead to higher home pricesWhile lower mortgage rates help out buyers, the larger force at play in the housing market is supply. "If mortgage rates drop below 6%, it's likely to increase demand for homes, which could push prices higher," in the next year, says Kent. Mortgage rates are expected to fall as home prices rise
Persons: Maggie Kent Organizations: National Association of Realtors, CORE Locations: New York, Kent
Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.
Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, , David Goldfarb, ” Goldfarb, they’re, , Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, , Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, , San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro
Same-sex marriage was on a roll in Asia. Not anymore
  + stars: | 2024-09-13 | by ( Chris Lau | ) edition.cnn.com   time to read: +11 min
The winning formulaMore than 30 jurisdictions worldwide now recognize same-sex marriage, according to the Pew Research Center. Since the first same-sex marriage law was passed in the Netherlands in 2001, progress has been made mostly in Europe, the Americas and Australasia. Gay couples cut a wedding cake in Amsterdam on April 1, 2001 after the first same-sex marriage law was passed in the Netherlands. But on the national level, Japan does not recognize same-sex marriage and local courts have returned conflicting verdicts on the issue. Up to 68% of Japan’s adults support same-sex marriage, the highest share in Asia, according to the Pew Research Center.
Persons: Pokpong Jitjaiyai, , Pokpong, Watit Benjamonkolchai, Suen, Nadia Rahman, Marcel Antonisse, Kangwan Fongkaew, ” Kangwan, Jennifer Lu, ” Lu, Taiwan’s, Tsai Ing, Sanjit, Chanakarn Laosarakham, Carl Court, Asia’s, Anish Gawande, Narendra Modi, Gawande, Kazuhiro Nogi, , Hiroshima’s, Scuffles, Andrew Kim, Roslan Rahman, Shawna Tang, Hong Kong’s, Peter Newman, ” Suen, CNN’s Samra, Yoonjung Seo, Aishwarya Iyer Organizations: Hong Kong CNN, Thailand’s Senate, CNN, Chinese University of Hong, Pew Research, Amnesty, Racial Justice, Refugees, Migrants, Getty, Burapha University, Presidential, List, Court, Japan, Seoul Queer Culture, Christian, Korea University’s College of International Studies, University of Sydney, Appeal, University of Toronto’s, Inwentash, Social Locations: Hong Kong, Bangkok’s, Siam, Thailand’s, Bangkok, Thailand, Southeast Asia, Taiwan, Nepal, Asia, Chinese University of Hong Kong, Netherlands, Europe, Americas, Australasia, Myanmar, Malaysia, Sri Lanka, Brunei, Bangladesh, Indonesia’s ultraconservative, Aceh, United Kingdom, Amsterdam, China, Kathmandu, AFP, Taiwan's, Taipei, India, List India, India’s, Delhi, Tokyo, Japan, South Korea, Daegu, Seoul, Korea, Singapore, aren’t, , Beijing, Indonesia
Billionaire investor and hedge fund veteran John Paulson said Friday that he would like to see the Federal Reserve start big with its rate cuts. The central bankers seem to be deciding between a cut of 25 basis points or 50 basis points. One asset class that often rises when the Federal Reserve cuts rate is gold, and Paulson is a longtime bull on the yellow metal. Paulson is a veteran figure in the hedge fund world and is perhaps most famous for betting against the housing market ahead of the 2007 crash. Paulson announced in 2020 that he was converting his hedge fund into a family office.
Persons: John Paulson, Paulson, Donald Trump, Kamala Harris, Treasurys Organizations: Federal Reserve, Paulson, Co, Mines, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHedge fund billionaire John Paulson says market would 'crash' under Harris tax plansJohn Paulson, founder of Paulson & Co. and trader behind the "greatest trade in history" betting against the 2007 housing market, joins CNBC's 'Money Movers' to discuss market outlooks, how to position under a Harris or Trump presidency, and more.
Persons: John Paulson, Harris Organizations: Paulson & Co, Trump
Read previewA family dog, tennis, and Disney Shanghai's LinaBell character have one thing in common — they might end up pulling China out of a long slump in consumer demand. Those rapidly growing areas are poised to drive a rebound in China's anemic consumer spending, Bank of America analysts say. China's pet economy is seeing outsize spending as pets come to occupy a greater place of prominence in households. Finally, the analysts see significant growth potential in the country's "cultural IP" economy — spending on books, movies, and experiences based on fictional characters or storylines. China's economy has been stuck in the doldrums amid weak consumer spending.
Persons: , that's Organizations: Service, Disney, Bank of America, Business, Consumers Locations: China
The Fed is expected to cut rates multiple times this year and in 2025, which means mortgage rates should continue decreasing. Will mortgage rates drop when the Fed cuts rates? If he or other Fed officials indicate that bigger rate cuts could be coming, mortgage rates may inch down. How Fed rate cuts affect mortgage ratesChanges to the federal funds rate don't directly impact mortgages, but mortgage rates tend to trend up when the Fed raises rates and go down when it lowers rates. The Fed could lower rates substantially by the time we reach the 2025 buying season, which means mortgage rates may be a lot lower, too.
Persons: Freddie Mac, Dan Burnett, Burnett, Jerome Powell, Powell, Fannie Mae, Scott Haymore Organizations: Fed, Federal Reserve, Housing Survey, TD Bank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohn Paulson: U.S. needs 'strategic tariffs' to raise revenue to reduce deficit & support industriesJohn Paulson, founder of Paulson & Co. and trader behind the "greatest trade in history" betting against the 2007 housing market, joins CNBC's 'Money Movers' to discuss his outlooks on the economic plans of each presidential candidate, how the U.S. should confront China, and more.
Persons: John Paulson Organizations: Paulson & Co Locations: U.S, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. needs to rethink zoning to solve housing crisis, says KPMG's Diane SwonkDiane Swonk, KPMG chief economist, joins CNBC to discuss why falling mortgage rates aren't spurring buying activity, outlooks on VP Harris' housing plan, and more.
Persons: Diane Swonk Diane Swonk, Harris Organizations: KPMG, CNBC
"I think if they implement those policies, we'll see a crash in the markets, no question about it." Meanwhile, Harris previously endorsed the tax increases proposed by Biden that include a 25% tax on unrealized gains for households worth at least $100 million, known as the billionaire minimum tax. However, people close to the Harris campaign, including investor Mark Cuban, have said she has no interest in taxing unrealized gains and there are doubts if any such plan could make it through Congress. The 68-year-old investor believes the economy could quickly tip into a recession as well if the specific plan to tax unrealized gains were to be implemented. The investor also said the lower taxes would spark economic gains that help raise revenues and close the deficit gap.
Persons: John Paulson, Donald Trump, Kamala Harris, Paulson, Sara Eisen, Joe Biden, Harris, Biden, Mark Cuban, , Trump Organizations: Democratic, Trump, CNBC
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Friday, the August employment report showed the number of jobs added was lower than expected but higher than the previous month. Wednesday's CPI report showed the lowest 12-month inflation rate in two-and-a-half years. In short, the data hasn't cleared up whether the Fed will cut by 25 or 50 basis points. They think there's a 57% chance of a 25 point cut and 43% of a 50 point one, according to the CME FedWatch tool.
Persons: Stefani Reynolds, We've, Wednesday's, Jeff Cox, Pia Singh, Sarah Min Organizations: Eccles Federal Reserve, Bloomberg, CNBC, U.S . Federal Reserve, PPI Locations: Washington ,
"When you have a new deal, it smashes the stock," Jim said. We are not surprised the transaction pushed the stock lower so it doesn't impact our investment thesis. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, That's, that's, Eaton, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Microsoft, Apple, GE Healthcare, GE Aerospace, Oracle, Nvidia, Boeing, Halliburton, Uber Locations: GEHC, Dover
The Federal Reserve is set to meet Tuesday and Wednesday — and is is widely anticipated to make its first interest rate cut after embarking on a hiking campaign in March 2022. As it is, stocks are headed for a winning week ahead of the meeting. On Friday, the CME FedWatch tool showed markets were split how big the rate cut would be. Investors will also watch what Fed policymakers will signal in its summary of economy projections regarding future policy moves. He worries that stocks will rally heading into the central bank meeting, with investors possibly selling the news afterward.
Persons: It's, disinflation, Chadha, CNBC's, Dave Sekera, Giuseppe Sette, Sette, BTIG's Jonathan Krinsky, Morningstar's Sekera, Bank Asset Management Group's Bill Northey, Mills, homebuilder Organizations: Federal, Deutsche Bank, Dow Jones, Nasdaq, Morningstar, U.S, Bank Asset Management Group's, Olive, Darden, FedEx, Index, Retail, Manufacturing, Housing, Philadelphia Fed Locations: U.S, Olive Garden, NAHB
Financial planners say millennials have a few not-so-great spending habits. According to financial planners, there are two things millennials overspend on way too often. AdvertisementFinancial planners say it's OK to spend your money on these things, but it becomes a problem when it doesn't fit into your budget or you're not meeting your financial goals. "I think most people, not just millennials, don't really have a budget and don't know how much they spend. This will help you figure out your discretionary spending budget once you've covered your priorities.
Persons: , they've, Clari Nolet, Hewins, millennials, Nolet, doesn't, Asad Gourani, you've, lattes, Gourani Organizations: Service, AG Wealth Management
So, they tend to use federal funding to reward housing policies they like. One example of the kind of bold federal law that some point to as a model has nothing to do with housing. In a recent op-ed in the New York Times, Harvard economist Edward Glaeser argued that the next administration should implement a housing construction law that follows the model of the Drinking Age Act. Metcalf, who also pointed to the drinking age law as a model for a housing mandate, conceded that the politics of it would be tricky. "The key question would be whether Congress has overstepped the blurry line between inducement and coercion," Hemel told Business Insider.
Persons: , Ronald Reagan, Edward Glaeser, Glaeser, Ben Metcalf, Kamala Harris's, Metcalf, Daniel Hemel Organizations: Service, Business, Republican, New York Times, Harvard, Terner Center, Housing Innovation, UC Berkeley, Democratic, New York University, Hemel Locations: Washington
But now, the once-quiet Ohio town located between Dayton and Columbus has been catapulted out of obscurity for a wildly different reason. AdvertisementThe chaos reached a fever pitch on Tuesday night after Trump mentioned Springfield during his presidential debate with Vice President Kamala Harris. AdvertisementAn AI-generated image of former President Donald Trump carrying cats away from Haitian immigrants, a reference to falsehoods spread about Springfield, Ohio. Springfield, Ohio, has a population of a little under 60,000. halbergman/Getty ImagesOne of the good things, she added, is the work being done by some residents to support Haitians living there. Springfield's Haitian community, against their will, is the collateral damage.
Persons: , Sara Bear, Donald Trump, Kamala Harris, ziJmaDEPV3 — AJ Huber, Trump, REBECCA, Bear, ROBERTO SCHMIDT, Springfield —, Jessica Eikleberry, It's, Olivia Parkinson, Parkinson, Marjory Wentworth, Wentworth, Sen, JD Vance, Marco Lapaix, Lapaix Organizations: Service, Springfield, Business, BI, Springfield Facebook, Trump, Washington Post . Police, Hall, Getty, Facebook Locations: Springfield, Ohio, Dayton, Columbus, Springfield ., Haitian, Springfield , Ohio, Springfield's, Mexican, Nazi
The print is causing concern that inflation may not be going away, which would mean higher interest rates than markets expect going forward. Skyler Weinand, chief investment officer, Regan CapitalWeinand says the market's current outlook on rate cuts will only take place if the economy deteriorates significantly. If inflation does slow that much, the Fed would likely cut rates faster than just a quarter percent per meeting over the next 3-6 months," Adams said in an email. "However, the stickiness of service price inflation and shelter inflation suggests the Fed will cut rates slower than financial markets currently price in." This would be a disappointment to short-term bond markets that have priced over 250 bps of rate cuts by the end of 2025."
Persons: Brian Rose, UBS Global Wealth Management Rose, Rose, Skyler Weinand, Regan Capital Weinand, Bill Adams, Adams, Peter Perkins, MRB Partners Perkins, Josh Jamner, ClearBridge Investments Jamner, Chris Zaccarelli, Zaccarelli Organizations: Service, CPI, Business, UBS Global Wealth Management, UBS Global Wealth, Fed, Comerica Bank, MRB Partners, Investment, ClearBridge Investments, Independent, bps
Why Trump ditched a debate rematch – for now
  + stars: | 2024-09-13 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +10 min
After Tuesday’s onstage meeting, Harris had said that she and her opponent owed it to voters to debate again. Harris’ senior campaign adviser, David Plouffe, blasted Trump on X as “chicken man.”The Republican nominee often changes his mind. He asked, “Wasn’t ‘The Apprentice’ a great show, though?” and wistfully reminisced about the final night of his election campaign in 2016. Will Trump stick to his refusal to debate Harris again? But Bryan Lanza, a senior Trump campaign advisor, insisted that this was a tactical decision.
Persons: Donald Trump’s, Kamala Harris, outdid, we’ve, It’s, ” Trump, Joe Biden, Trump, Harris, Trump’s, Harris ’, David Plouffe, , Arizona —, Biden, she’s, embroils Trump, Laura Loomer, Marjorie Taylor Greene, Loomer, denigrated Harris, there’ll, Democrats haven’t, Harris can’t, Dick Cheney, Liz Cheney, “ Harris, , – Trump, keener, , Melania Trump, JD Vance, Will Trump, president’s, Bryan Lanza, “ It’s, ” Lanza, President Trump, JB Pritzker, “ Donald Trump, ” Pritzker, Wolf Blitzer, “ Kamala Harris, Hillary Clinton, Alyssa Farah Griffin, ” Griffin, Donald Trump, , ’ ” Griffin Organizations: CNN, Democratic, Trump, Republican, ABC News, , Democrats, North Carolina, GOP, Wyoming, “ Democrats, Republicans, Biden, , Illinois, House Locations: Arizona, Georgia, Trump, North Carolina, Chicago, Charlotte, Pennsylvania, America, Springfield , Ohio
A woman holds a sign with former President Donald Trump's mugshot while riding the Arizona GOP's float at the Navajo Nation parade on Sept. 7. A man holds a Harris-Walz sign at the Navajo Nation parade in Window Rock, Arizona. Nez, who was swarmed by young children asking for his autograph, served as president of the Navajo Nation for four years until 2023. “One big thing is fixing the roads on the Navajo Nation, putting highways on those dirt roads. The Navajo Nation also used over $520 million in funding from a Biden-backed law to “nearly double” new infrastructure building, the Navajo president’s office announced this year.
Persons: surrogates, , Lomakoyva Manuel, Lorinda Strayhorn, Leo Mann, Mann, Donald Trump's mugshot, Alex Tabet, , Joe Biden, Manuel, Strayhorn, Roland, “ I’m, Harris, Walz, Sen, Theresa Hatathlie, ” Hatathlie, Gina Swoboda —, Swoboda, Trump, Kari Lake, ” Lake, they’ve, Ruben Gallego, Gallego, ” Gallego, he’s, Jonathan Nez, Arizona’s, “ Ruben Gallego, He’s, Eli Crane, Denzel Bia, Steve Blackrock, Deb Haaland, Halee Dobbins, ” Swoboda Organizations: , Navajo Nation, Republican, Democratic, NBC, Uplift, Arizona, State, NBC News, Safeway, NBC News Democratic, Navajo, Trump, , Republican Senate, Democratic Rep, Indigenous, American Child Protection, Senate, Congressional, Democrat, Biden, Interior Department, Republican National Committee’s Locations: Navajo, Albuquerque , New Mexico, Nazlini , Arizona, Arizona, Data, Phoenix, Rock , Arizona, Farms, Black Mesa , Arizona, Republican National Committee’s Arizona
Some sections are backward-looking and focus more on touting the record of the Biden-Harris administration, while also criticizing Trump’s agenda. The health care section of Harris’ agenda focuses more on what the Biden-Harris administration has done than plans for the future. The Harris agenda vows to “fight to raise the minimum wage,” but doesn’t say how high she wants it to be. The Harris campaign would not say whether she supports doing away with the 60-vote rule to pass those measures. The bulk of Harris’ agenda would be subject to congressional approval, likely requiring Democrats to control the House and Senate to have a strong chance of passage.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, , , Sydney Smith, Republicans scoff, ” Sen, John Cornyn, Harris hasn’t, “ I’m, Biden, Republicans tanked, Trump, Karoline Leavitt, “ They’ve, Ron Wyden, “ We’re, ” Harris, Hasan Pyarali Organizations: WASHINGTON, Biden, Republican, New York Times, Trump, Wake Forest University, Republicans, GOP, NBC News, Security, Social Security, Medicare, Senate, Border Patrol, The Society, Technology, , CNN, ABC, Democratic Locations: North Carolina, Texas, America
SPRINGFIELD, Ohio — The Ohio town at the center of a culture war over debunked claims about Haitian migrants was forced to close its City Hall on Thursday after receiving a bomb threat, the city announced on its website and social media channels. The bomb threat "was issued to multiple facilities throughout Springfield,” the city said. The city’s mayor, Rob Rue, indicated Thursday that the threat included complaints about Haitian migrants in the city, according to the Springfield News-Sun. Springfield has recently been thrust into the national political culture war as conservative influencers and Republican politicians have repeated a debunked claim that immigrants from Haiti have been stealing and eating pets. “In Springfield, they’re eating the dogs, the people that came in, they’re eating the cats," he said.
Persons: , Rob Rue, ” Rue, , hasn’t, Ohio Sen, JD Vance, ” Sen, Ted Cruz, Trump, don’t, Kamala Harris, Donald Trump, David Muir, ” Trump, Viles Dorsainvil, ” Denise Williams, “ I’ve, I’ve, ” Williams, Alicia Victoria Lozano, Kevin Collier Organizations: Springfield Police Division, Springfield News, NBC, GOP, Republican, , ABC, Community, NBC News, NAACP Locations: SPRINGFIELD , Ohio, The Ohio, Springfield, Haiti, Ohio, Texas, New York
President Joe Biden on Thursday will commemorate the 30th anniversary of the Violence Against Women Act by announcing new efforts to curb gender-based violence, senior administration officials said. Klein said the Department of Housing and Urban Development on Thursday will also announce a new office targeting gender-based violence that will help survivors get secure housing and economic stability. The initial legislation, which was passed through a bipartisan crime bill in 1994, included the first National Domestic Violence Hotline. Biden's American Rescue Plan also included investments targeting gender-based violence. The Family Violence Prevention and Services Act program reported that roughly $1 billion in supplemental funding has supported 252 tribes, 1,500 domestic violence programs and 1,400 sexual assault programs.
Persons: Joe Biden, Biden, Jennifer Klein, Klein Organizations: Council, Justice Department, The Justice Department, Department of Housing, Urban, Prevention
APPLE VALLEY, Minn. — A pair of rare Amur tiger cubs are making their public debut at the Minnesota Zoo, raising hopes for preserving an endangered species that’s native to far eastern Russia and northern China. It’s tricky to breed them, and around one in four Amur cubs don’t make it to adulthood, whether it’s in the wild or in captivity, she said. Three-month-old Amur tiger cubs Amaliya explores her outdoor enclosure for the first time with their mother Dari at the Minnesota Zoo in Apple Valley, Minn. on Thursday. Its Amur tigers have produced 57 cubs, 46 of which survived for at least 30 days. The births of Andrei and Amaliya raised the zoo’s population to seven Amur tigers, including their sire, Luka.
Persons: Andrei, Amaliya, , Trista Fischer, Dari’s, She’s, we’ve, Mark Vancleave, Luka, Fischer, , Zach Nugent, “ Aww, ” Fischer Organizations: Minnesota Zoo, Star Locations: APPLE, Minn, Russia, China, Apple Valley, Minneapolis, Apple, United States, Malayan
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