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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Martin Marietta, Datadog, Bristol-Myers, Eli Lilly and DisneyThe Investment Committee debate the latest Calls of the Day.
Persons: Martin Marietta, Myers, Eli Lilly Organizations: Disney The Locations: Datadog, Bristol
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFight for control of the House Financial Services Committee heats upCNBC's Emily Wilkins reports on the fight for control of the House Financial Services Committee.
Persons: Emily Wilkins Organizations: Financial, Financial Services
Final Trades: Coinbase, Disney, Meta and the IYF
  + stars: | 2024-11-27 | 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 EmailFinal Trades: Coinbase, Disney, Meta and the IYFThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Meta, Investment
But the Supreme Court’s upcoming and potentially explosive transgender care case is dividing conservatives, with many of those same groups backing Tennessee’s ban on puberty blockers and hormone treatments, which critics say injects the state into family medical decisions and overrides parental rights. Tennessee, and many conservatives who support the state’s position, argues parental rights aren’t a factor in the case. Conservative groups have lined up in federal courts to make nearly identical parental rights arguments in other cases. That separate lawsuit specifically asked whether the state law violates the “fundamental right of parents” to make decisions about the medical care of their children. In allowing the Tennessee ban to take effect last year, a divided 6th US Circuit Court of Appeals brushed aside the parental rights arguments.
Persons: , Biden, ’ ”, Barbara Comstock, , Donald Trump, craziness ”, Nancy Mace, “ dooms ”, Tennessee –, , Alex Lundry, Mitt Romney’s, Sen, John McCain, Brian Burgess, Goodwin Procter, Steven Calabresi, William Eskridge, ” Eskridge, It’s, ” Melissa Moschella, “ It’s, ” Moschella, Mike DeWine Organizations: CNN, Conservative, Virginia Rep, Trump Republican, South Carolina Rep, Capitol, Supreme, GOP, Republicans, Republican Party, Republican, Republican National Committee, Northwestern University . Yale, University of Notre Dame, Federalist Society, , ” Ohio Gov, Ohio’s Republican Locations: Tennessee, . Tennessee, Wisconsin, Iowa , Kentucky, Missouri, , America, ” Ohio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCybersecurity has lost some hype but remains longterm trend, says NBPW's Shannon SaccociaCrowdstrike falling after 3rd quarter earnings, the Investment Committee debate the future for the stock and search for other opportunities in the cybersecurity sector.
Persons: Cybersecurity, NBPW's Shannon Saccocia Crowdstrike Locations: cybersecurity
AdvertisementElon Musk says he wants to eliminate the Consumer Financial Protection Bureau. The CFPB was created after the 2008 crisis to protect consumers from financial abuses. "Delete CFPB," Musk wrote on X early Wednesday of the Consumer Financial Protection Bureau. The agency investigates consumer complaints related to credit cards, loans, bank accounts, and debt collection and enforces consumer protection laws. Earlier this year, the CFPB also limited credit card late fees to $8 a month, compared to the average $32 fee charged by issuers in 2022.
Persons: Elon Musk, Musk, Vivek Ramaswamy, Dodd, Frank, Democratic Sen, Elizabeth Warren, Barack Obama, Warren, Wells Fargo, who've, , Clarence Thomas Organizations: Financial, Bureau, Elon, Consumer Financial, Trump, Government, Trump Administration, Congress, Democratic, Harvard Law School, Personnel Management, Bank of America, of America, Apple, Google, Federal Locations: Wells Fargo, Wells
AdvertisementTrump's new DOGE commission, tasked with cutting spending, has floated laying off federal workers. Government employees told BI they're preparing by networking and freshening their resumes. President Bill Clinton also attempted to reduce federal spending and improve government efficiency with the National Performance Review, led by federal employees. Clinton's panel similarly succeeded in cutting 300,000 federal workers but only managed to get a quarter of proposals that required legislative action through Congress. One senior official at the Commerce Department told BI they anticipate a civil servant brain drain.
Persons: Donald Trump's, Jesus Soriano, who's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump's, Brian Hughes, Vance, Soriano, he's, Ronald Reagan, Grace, Bill Clinton, Joyce Howell, , it's, we're, lifer, Sheria Smith, I'd, Smith Organizations: of Government Efficiency, Business, of Health, Human Services, National Science Foundation, agency's American Federation of Government Employees, GOP, SpaceX, Roivant Sciences, DOGE, of Housing, Urban Development, Veterans Affairs, Homeland Security, Management, Street, Trump, America, Grace Commission, US Postal Service, Postal Service, Environmental Protection Agency, Food and Drug Administration, FDA, of Labor Statistics, Commerce Department, BI, Department of Education, Education Department, aaltcheck Locations: America
New Zealand's central bank expectedly slashed its benchmark interest rate by 50 basis points on Wednesday, marking a third straight cut, as the country strives to boost its struggling economy. The Reserve Bank of New Zealand's interest rate now stands at 4.25%. Economists polled by Reuters had expected the bank to cut its rate by 50 bps. In October, the RBNZ had also cut the cash rate by 50 bps, following a 25 bps cut in August. It added that economic growth is expected to recover in 2025 as lower interest rates boost investment and spending.
Persons: RBNZ Organizations: Reserve Bank of New, Reuters, NZ Locations: Auckland , New Zealand, New, New Zealand
TEL AVIV — The Israeli government failed in its “primary duty to protect its citizens” in the lead-up to and during the Oct. 7, terrorist attacks, according to an Israeli civilian report released Tuesday. Some 1,200 people were killed and 250 taken hostage during the attacks as Hamas fighters infiltrated Israel from southern Gaza and launched thousands of rockets. The Israeli report also identified a "major cause" of the Oct. 7 tragedy as a "glaring failure" by Israeli intelligence branches. It specifically pointed to Shin Bet, Israel’s domestic security agency, and military intelligence for their inability to provide timely warnings or act on those that were issued. Israeli soldiers near houses that were destroyed during a Hamas attack on the kibbutz in Be'eri, Israel.
Persons: Benjamin Netanyahu, Netanyahu, Netanyahu “, Shin Bet, Tsafrir, Benny Gantz, Netanyahu's, Shin Bet’s, Yoav Gallant, Gallant, Amir Levy, , ” Roni Lifshitz, ” Omer Bekin, Freddie Clayton Organizations: Civilian, of, Hamas, NBC, AFP, Getty, NBC News, West Bank Locations: TEL AVIV, Palestinian, Israel, Qatari, Gaza, Israeli, Sderot, Be'eri, Be’eri, Tel Aviv, London
Over 18,000 people have registered online to run for Supreme Court seats and federal judgeships in Mexico’s contentious new selection process, officials said Monday. The ruling party pushed through a constitutional reform in September to make all federal judges stand for election, replacing the system where court employees and lawyers mainly move up through the ranks. Now, candidates for Supreme Court seats and federal judgeships need only a law degree, a grade point average of 3.2, “five years of professional experience” and five letters of recommendation from neighbors or friends. According to the plan, evaluation committees will have just over a month to review thousands of resumes and whittle the field to about 10 candidates or less for each of the 881 judgeships and nine seats on the Supreme Court. Some critics argue that the current justice system, which is riddled with nepotism, corruption and a lack of accountability, needs to be changed.
Persons: , Arturo Zaldivar, Claudia Sheinbaum, whittle, Sergio Méndez Silva, , there’s, Minerva Martínez Garza Organizations: Supreme, Foundation for Justice Locations: Nuevo, Mexico
SYDNEY, Australia — Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time is needed to assess its potential impact. Google and Meta said in their submissions that the government should wait for the results of an age-verification trial before going ahead. The age-verification system may include biometrics or government identification to enforce a social media age cut-off. “In its present form, the bill is inconsistent and ineffective.”The law would force social media platforms, and not parents or children, to take reasonable steps to ensure age-verification protections are in place. ByteDance’s TikTok said the bill lacked clarity and that it had “significant concerns” with the government’s plan to pass the bill without detailed consultation with experts, social media platforms, mental health organizations and young people.
Persons: Anthony Albanese’s, Meta, ” Meta, , ByteDance’s TikTok, ” TikTok, Elon Musk’s Organizations: Google, Facebook, Meta, , Liberal Locations: SYDNEY, Australia, U.S
Here are nine key senators to watch in the nomination battles. The incoming majority leader is nobody’s idea of an ultra-MAGA Republican, but he understands his assignment: advance the Trump agenda. Does he choose to be a heat shield for members who quietly want to buck Trump without doing so publicly? The answers will set the tone for a long-awaited new era facing the Senate GOP. Sen. Mitch McConnell, R-Ky.McConnell is the ultimate free agent as he relinquishes the job of Senate Republican leader after a record 18 years.
Persons: Donald Trump, Matt Gaetz, JD Vance, Sen, Susan Collins, Trump, Collins, Lisa Murkowski, Murkowski, Trump’s, That’s Lisa Murkowski’s, Wade, John Thune, Mitch McConnell, Ky, McConnell, Will McConnell, MAGA, He's, Gaetz, Tulsi Gabbard, Thom Tillis, Tillis, won’t, Bill Cassidy, Cassidy, Robert F, Kennedy Jr, , John Curtis, Mitt Romney, Curtis, Utah GOP Sen, Mike Lee, He’s, , Carlos Curbelo, “ I’m, ” Curtis, Will Curtis, Romney, John Fetterman, Fetterman, , that’s, Mehmet Oz, “ He’s, they’re, I’m, ” Sen, Jon Ossoff, He’ll Organizations: WASHINGTON, Republican, Republicans, Trump, Democratic, Collins, MAGA Republican, GOP, AG, NATO, Health, Education, Labor, Pensions, Human Services, Utah GOP, NBC News, Capitol, NBC Locations: Maine, Alaska, Roe, Russia, Trump's, North Carolina, Utah, R, Florida, Trump, Israel, Gaza, Georgia
A Republican senator is blocking the promotion of Lt. Gen. Christopher T. Donahue, the commander of U.S. troops in the final days of the withdrawal from Afghanistan, in what could be the first salvo in a Trump administration war against America’s generals. Senator Markwayne Mullin, Republican of Oklahoma, put a hold on General Donahue’s promotion to four stars, or general, after his nomination was sent to the Armed Services Committee last week, officials said. Sabrina Singh, a spokeswoman for the Pentagon, told reporters on Monday that the Defense Department was “aware” of the hold. General Donahue was the last American service member to depart Afghanistan as Taliban fighters took control on Aug. 31, 2021. A decorated former Delta Force commander, Army Ranger and paratrooper with multiple tours in Afghanistan and Iraq, he was recently selected to lead the U.S. Army’s Europe Command as the war in Ukraine heads into its fourth year.
Persons: Christopher T, Donahue, Markwayne Mullin, General Donahue’s, Sabrina Singh, General Donahue Organizations: Republican, General, Armed Services Committee, Pentagon, Defense Department, Taliban, Delta Force, Army Ranger, Army’s, Command Locations: U.S, Afghanistan, Oklahoma, Iraq, Ukraine
Calls of the Day: Zoom and Delta Air Lines
  + stars: | 2024-11-26 | 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 EmailCalls of the Day: Zoom and Delta Air LinesThe Investment Committee debate the latest Calls of the Day on Zoom Video and Delta Air Lines.
Organizations: Delta Air Lines The, Delta Air Lines
Federal authorities have opened a corruption investigation into a Queens pastor and a political action committee he formed to support Mayor Eric Adams, according to people with knowledge of the inquiry. The precise outlines and scope of the investigation are unclear, but federal prosecutors in Brooklyn and the F.B.I. are focused at least in part on the conduct of the pastor, the Rev. Alfred Cockfield II, and the finances of his political action committee, Striving for a Better New York, according to people with knowledge of the matter. agents searched the Far Rockaway home of Mr. Cockfield, who formed the committee three years ago to support Mr. Adams and his policies.
Persons: Eric Adams, Alfred Cockfield II, Cockfield, Adams Organizations: City Locations: Queens, New York City, Brooklyn, York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Amazon, Charter, Lockheed Martin, Rockwell AutomationThe Investment Committee give you their top stocks to watch for the second half.
Persons: Lockheed Martin Organizations: Charter, Lockheed, Rockwell Automation The Investment
Chart of the Day: Amgen
  + stars: | 2024-11-26 | 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 EmailChart of the Day: AmgenAmgen on pace for its worst day since October of 2000. It's our Chart of the Day. The Investment Committee debate the stock and discuss their biotech strategy.
CNN —Israel and Lebanon have accepted a US-backed proposal to end the 13-month border conflict that spiraled into an all-out war in September with Hezbollah. What the deal entailsThe deal stipulates a 60-day cessation of hostilities, which negotiators have described as the foundation of a lasting truce. On September 27, Israel killed Hezbollah’s long-time leader Nasrallah in a massive attack in the southern suburbs of Beirut, upending the truce talks. Since October 2023, Hezbollah’s attacks on Israel have killed 47 Israeli civilians and 31 security forces in Israel. Palestinians in Gaza are unlikely to find respite if a Lebanon deal is signed, according to a regional analyst.
Persons: CNN —, Joe Biden, Biden, Emmanuel Macron, Isaac Herzog, , , ” Herzog, Israel, Chris McGrath, Hassan Nasrallah, Hezbollah’s, Nasrallah, Ahmad Al, ” Hellyer, Bashar Taleb Organizations: CNN, UN, United Nations, Lebanese, Royal United Services Institute, Getty, US, United Locations: CNN — Israel, Lebanon, Israel, France, Iran, overflights, Lebanese, Aadaysit, Gaza, Beirut, upending, , London, Deir el, Balah, United States
A key challenge for all of the Trump administration’s new public health leaders, the experts said, will be keeping politics out of science. CNN has reached out to Nesheiwat and Makary for comment and did not receive a response. Some said that could put them at odds with Kennedy, whom Trump has chosen for the nation’s top health post as HHS secretary. It doesn’t seem that he has much experience working in the field of public health,” said Castrucci, an epidemiologist who is president and CEO of the de Beaumont Foundation, a nonprofit focused on strengthening the US public health system. The US surgeon general typically serves as the voice of the administration’s public health policy while promoting their own agenda of issues that they feel are important to the health of American people.
Persons: Donald Trump’s, Johns Hopkins, CNN —, Janette Nesheiwat, David Weldon, Marty Makary, Makary, Robert F, Kennedy Jr, Weldon, Trump’s, Katie Miller, Trump, Mr, Kennedy, ’ Dr, Ashish Jha, Joe Biden, Jha, , ” Jha, “ There’s, ” Weldon, ” Dr, Jerome Adams, Weldon’s, ” Adams, Peter Hotez, ” Hotez, “ That’s, , Jennifer Nuzzo, Amesh, ” Adalja, Brian Castrucci, he’s, there’s, That’s, ” Castrucci, Paul Offit, Weldon “, you’d, Offit, ” Offit, hasn’t, Hotez, Nesheiwat, Dr, Sanjay Gupta, CNN’s Kaitlan Collins, ” Nuzzo, CNN’s Jacqueline Howard, Brenda Goodman, Meg Tirrell Organizations: CNN, Fox News, US Centers for Disease Control, US Food and Drug Administration, Public, FDA, US Department of Health, Human Services, CDC, Trump, HHS, Brown University’s School of Public Health, White, US Public Health Service, Texas Children’s, Covid, Pandemic, Brown University School of Public Health, Johns Hopkins Center for Health Security, , de, Foundation, Assurance, Agency for Vaccine, Disease Control, Vaccine Education, Children’s Hospital of Philadelphia, Weldon, Studies, CNN Health, Kennedy’s, RFK Jr, Health Locations: New York, Florida, Weldon, Texas, Tampa, CDC’s
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. In addition, they expressed uncertainty over where the rate cuts would need to stop before the Fed hit a "neutral" interest rate that neither boosts nor restrains growth. Conflicting signals on inflation and the uncertainty over Trump's policies have caused traders to scale back their outlook for interest rate cuts ahead. Officials indicated that the state of the labor market is generally solid. "Participants generally noted … that there was no sign of rapid deterioration in labor market conditions, with layoffs remaining low," the minutes said.
Persons: FOMC, Donald Trump's Organizations: Federal, Market, stoke, Republican, Fed
Cookbook authors and chefs explain how you can make almost any part of your holiday meal in a Crock-Pot . Today, we're looking at what Elon Musk's jab at the F-35 says about the debate over using manned fighters or drones in warfare . AdvertisementWith promises of cutting trillions of dollars in government spending, DOGE will need to swing big. Drone usage in combat is on the rise, as is evident in the Ukraine war, and offers benefits around cost. Zoom is taking an AI-first approach to corporate communications , CEO Eric Yuan wrote in a company blog post published Monday.
Persons: Elon, Marc Piasecki, Chelsea Jia Feng, Matthew Loh, Mia Jankowicz, Donald Trump's, Lockheed Martin, Vivek Ramaswamy, Clawson, Ryan Pickrell, Mia, Justin Sullivan, he'll, Trump, Warren Buffett, he's, Pavlo Gonchar, Eric Yuan, it's, Jenny Chang, Rodriguez, Dan DeFrancesco, Grace Lett, Ella Hopkins, Amanda Yen, Jack Sommers, London.Milan Sehmbi Organizations: Business, of Government, Lockheed, Aerospace, Defense, Hezbollah, Super, Republican, Images Trump, Social, Key Square, Scott, Berkshire Hathaway, Getty Images, Communications, Aldi, Google Locations: Israel, Ukraine, Canada, Mexico, China, New York, Chicago, London, London.Milan
Auditing experts told BI the available evidence suggests a failure of internal accounting controls. Following the news that Macy's discovered a sizable error in its financial records, auditing experts told Business Insider that the company must now explain how its controls broke down. Without more details, the accounting experts who spoke to BI said it is hard to understand exactly what happened. AdvertisementThe pressure will now be on Macy's auditor, KPMG, to show that it is appropriately scrutinizing Macy's accounting practices and controls, McKenna said. "I wouldn't be surprised if you'll see a material weakness in internal controls because something is not working here," McKenna said.
Persons: Macy's, Jerry Maginnis, Maginnis, Michelle Leder, Francine McKenna, McKenna Organizations: Rowan University, KPMG, BI, Sarbanes, Oxley
Opinion | Would Bernie Sanders Have Won?
  + stars: | 2024-11-26 | by ( Ezra Klein | ) www.nytimes.com   time to read: +1 min
As the Democratic Party debates where to go after its 2024 drubbing, we’re going to spend the next two episodes of the show featuring two very different perspectives on the way forward. After Trump won the election, Bernie Sanders released a blistering statement saying, “It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them.”And Bernie’s advisers and allies have been making their own versions of this argument and jockeying for the positions that would help them rebuild the Democratic Party around this vision. Some have floated Bernie’s 2020 campaign manager, Faiz Shakir, to be the next chair of the Democratic National Committee. And the fact that they refuse to see it says something very telling about the party. At the same time, I’ve heard from a lot of Democrats who are annoyed, to say the least, about this attack from Sanders’s world: Democrats abandoned the working class?
Persons: Trump, Bernie Sanders, Faiz Shakir, Faiz, Patrick Ruffini, Republican pollster who’s, Bernie, I’ve Organizations: Democratic Party, Democratic National Committee, Republican
Hong Kong CNN —Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business relationship with the Asian financial hub. “We must now question whether longstanding US policy towards Hong Kong, particularly towards its financial and banking sector, is appropriate,” they added. Rubio, a fierce critic of Beijing’s crackdown on Hong Kong, has sponsored legislation that sanctioned Chinese and Hong Kong officials for alleged human rights violations in the city. This has massive implications for US businesses with big exposure to Hong Kong,” Fish said. “Sadly, the idea of Hong Kong as autonomous from China is now a farce … US companies need to understand that their Hong Kong operations will likely fall under increased scrutiny.”
Persons: Janet Yellen, , , Donald Trump, Hong Kong, John Moolenaar, Raja Krishnamoorthi, Trump, Marco Rubio, Rubio, Scott Bessent, Isaac Stone Fish, Bessent –, ” Fish Organizations: Hong Kong CNN, CNN, US Treasury Department, Hong, European Union, Treasury Department, Republican Rep, White, US Locations: Hong Kong, Beijing, China, Washington, Hong, Russia, North Korea, People’s Republic of China, Iran, Ukraine, Russian, United Kingdom
AdvertisementRep. Lauren Boebert joined Cameo on Saturday, offering personalized videos for $250 and up. Rep. Lauren Boebert has taken down her Cameo account just days after creating it. The firebrand Colorado conservative joined the online platform on Saturday, offering personalized videos for a starting fee of $250. However, by becoming the first Congress member to join the platform while holding office, Boebert may have broken House ethics rules. AdvertisementThe rules state that House members are not allowed to receive any payment of money or a thing of value for an appearance, speech, or article.
Persons: Lauren Boebert, Cameo, Marjorie Taylor Greene, Boebert, Matt Gaetz, Donald Trump, George Santos, Aaron Scherb, Scherb, didn't Organizations: Republican, firebrand Colorado, Former, Colorado Politics, Congressional District, Congressional Locations: Florida, George Santos of New York, Colorado's
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