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In addition, analysts had to predict further gains ahead — the stocks have at least 1% upside to the average price target, according to FactSet. Bank of America is among those on Wall Street that think the banks' move since Election Day has not been excessive. Citizens gained 30% from Election Day 2016 through the end of that year and jumped 14% on Wednesday. It added nearly 4% the day after the election and gained 18% from Election Day 2016 through the end of that year. Halliburton, which yields 2.3%, has the largest potential upside ahead — nearly 32% to the average price target.
Persons: Donald Trump, Jeremy Siegel, Ebrahim Poonawala, Trump, Piper Sandler, Mark Fitzgibbon, Keith Horowitz, Halliburton, Jeff Miller Organizations: Dow Jones, Wharton School, CNBC, Bank of America, UST, Trump, Regional Banking, Citizens Financial, Fifth Third Bancorp, Citizens, Fifth, Citigroup, Citi, Marathon Petroleum, Halliburton Locations: Gulf of Mexico
But the one person who has loomed over it all and has exerted a great deal of influence is Elon Musk, according to multiple sources. Trump put the call on speaker, and Zelensky thanked Musk for his help providing communications to Ukraine through the billionaire’s Starlink internet service. As of mid-October, Musk had donated nearly $119 million to a political action committee he set up to support Trump, according to Federal Election Commission filings. The day after the election, investors sent shares of Tesla up nearly 15%. That lifted the value of the 411 million shares that Musk owns outright by more than $15 billion and marked a two-year high for Tesla shares as a whole.
Persons: Donald Trump’s Mar, Elon, Trump, he’s, Musk, Volodymyr Zelensky, Zelensky, Sen, Rick Scott, Howard Lutnick, Cantor Fitzgerald, helms, CNN’s Tara John, Victoria Butenko, Nic Robertson, Kristen Holmes, Jeremy Herb, Kayla Tausche, Evan Perez, Chris Isidore, Jack Forrest Organizations: CNN, Trump, SpaceX, Tesla, Mar, GOP, Florida Republican Locations: Palm Beach , Florida, Ukraine, Florida
There should be no enduring mystery about what a Trump presidency means for Ukraine. Trump has said he would end the war “in 24 hours,” but not how. Trump may appoint a cabinet that mildly adjusts the pace or tone of his instincts, but in the end he wants out. It is an anathema to two of Trump’s first term dislikes: costly US military engagement abroad, and upsetting Russian President Vladimir Putin. Read more about what could happen in Ukraine under a Trump presidency.
Persons: Kostiantyn, upsides, Donald Trump, Trump, , Vladimir Putin, Read Organizations: NATO, Pentagon Locations: Ukrainian, Ukraine, United States, Europe
He has lavished praise on his campaign co-chairs, Chris LaCivita and Susie Wiles – who Trump named as his White House chief of staff on Thursday evening. In the 2016 election, Trump lost the popular vote to Hillary Clinton – and he repeatedly claimed falsely that he had won it. Trump’s priority is to finalize his Cabinet and senior White House staff, and the second wave is to sort deputy secretaries. Trump’s aides, however, anticipate that he will make use of the golf courses at Andrews Air Force Base when back in the White House. Trump mostly golfed at his club in Virginia while at the White House during his term.
Persons: Donald Trump, Chris LaCivita, Susie Wiles –, Trump, he’s, Hillary Clinton –, Elon Musk, Musk, ’ Trump, Jason Miller, ” Miller, Joe Biden, Kamala Harris, Biden, ” Trump, Harris, Trump’s, Barack Obama, Andrews, CNN’s Zachary Cohen Organizations: Palm Beach , Florida CNN —, Trump, White, White House, CNN, NBC News, Andrews Air Force Base Locations: Palm Beach , Florida, Florida, Lago, Virginia
Those hushed discussions have now morphed into an all-out battle that is playing out directly from the patio of Trump’s Mar-a-Lago Club in Palm Beach, Florida. And one of the biggest battles that emerged – over chief of staff – has since been resolved. Trump on Thursday named his campaign manager Susie Wiles to the role, touting her as the first woman to hold it. But that contest had previously boiled down to two names: Wiles and Brooke Rollins, who served in Trump’s first term and runs the America First Policy Institute. Occasionally over the past few months, Trump floated names as possible administration picks, but he would not engage further.
Persons: Donald Trump, Robert F, Kennedy Jr, Donald Trump Jr, Tulsi Gabbard, Tom Barrack, Howard Lutnick, Linda McMahon, Trump, Elise Stefanik, , Susie Wiles, Wiles, Brooke Rollins, Rollins, Priebus, it’s, he’s, Steve Contorno, Kaanita Iyer, Kristen Holmes, Jeremy Herb, Kayla Tausche, Evan Perez Organizations: CNN, Trump, Lago, Lutnick, New York Republican, GOP, United Nations, Policy Institute Locations: Trump’s, Palm Beach , Florida, Florida, Trump
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZillow Group CEO on earnings: We're outgrowing the category despite the challenging housing marketJeremy Wacksman, Zillow Group CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, how Zillow has expanded its business, and much more.
Persons: We're, Jeremy Wacksman, Zillow Organizations: Zillow
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Bomb threats were reported across five key battleground states, both to polling places and government offices where votes are counted. The FBI, which engaged with local and state officials, confirmed that some of the threats originated from Russian email domains. “There were no major issues across the state” in the election process, said Nevada Secretary of State Francisco Aguilar. Voters who need to cure ballots with signature issues have until November 12 to do so, according to state election rules. Election workers process ballots for the 2024 General Election, in Milwaukee on November 5, 2024.
Persons: Donald Trump, Georgia –, , Jocelyn Benson, Benson, , Gabriel Sterling, Brad Raffensperger, Lorena Portillo, State Francisco Aguilar, Aguilar, Omar Sabir, Kamala Harris, ” Sabir, Al Schmidt, Scott Hunt, Sara Innamorato, , ” Innamorato, Paulina Gutierrez, “ We’re, Gutierrez, Jeff Fleming, Morry Gash, AP Sen, Ron Johnson, Brian Schimming, Johnson, Alysa Horton, they’ll, ” Horton, Horton, Adrian Fontes, Sean Lyngaas, Dalia Faheid, Brian Todd, Zachary Cohen, Casey Tolan, Holmes Lybrand, Scott Glover, Pamela Brown, Jim Acosta, Laura Dolan Organizations: CNN, Electoral, White, FBI, Democratic, Michigan Michigan, Georgia CNN, Trump, Georgia, State, Pennsylvania CNN, Pennsylvania, Philadelphia, Allegheny, Wisconsin Milwaukee, Milwaukee, AP, Wisconsin GOP, Arizona State, ASU, university’s State Press Locations: Russia, Fulton County, Georgia, Michigan, Wolverine, Detroit, , Lansing, Atlanta, Chatham County, Savannah, ” Fulton, . Nevada, Nevada, Clark, Clark County, Clark County , Nevada, Washoe County, Nye County, Pennsylvania, Cambria County, Allegheny County, , Centre, Bellefonte , Pennsylvania, Milwaukee County, Milwaukee, Wisconsin, Arizona, Tempe
The West WingOne of Trump’s most important picks will be his White House chief of staff. Karoline Leavitt, who was Trump’s campaign spokeswoman, is being considered as White House press secretary – a job that typically is the most public-facing position in the White House. National security postsTrump has suggested his national security team would be tasked with reassessing the United States’ posture toward Ukraine and Russia, China, Iran, and the simmering conflict in the Middle East. The debate over a renewed Trump’s “America First” agenda is expected to pit Republican national security hawks against the party’s isolationist wing. Secretary of state and national security adviser will be among the most hard-fought positions to stand at the forefront of those shifts.
Persons: Donald Trump’s, Trump, Howard Lutnick, Linda McMahon, John McEntee, Cliff Sims, Ross Werner, Goldman Sachs, Trump’s, John Kelly, Susie Wiles, Wiles, Russ Vought, Brooke Rollins, Bob Lighthizer, Karoline Leavitt, , Musk, Robert F, Kennedy Jr, Elon Musk, helms, Kennedy, , Ken Paxton, Matt Whitaker, Jeff Sessions, Sen, Mike Lee of, of National Intelligence John Ratcliffe, Mark Paoletta, Kash Patel, Patel, Christopher Wray, James Comey, Jeffrey Jensen, Louis, Bill Barr, Jensen, Michael Flynn, Barr, Florida Sen, Marco Rubio, Tennessee Sen, Bill Hagerty, Richard Grenell, Grenell, ” Arkansas Sen, Tom Cotton, Keith Kellogg, Ratcliffe, Gina Haspel, Cotton, Mike Waltz, Mike Pompeo, Elise Stefanik, She’s, Morgan Ortagus, David Friedman, Kelly Craft, Scott Bessent, “ He’s, MAGA, he’s, Elon, Hank Paulson, George, Jay Clayton, Lighthizer, McMahon, Doug Burgum, flinch, Jamieson Greer, CNN’s Kevin Liptak, Alayna Treene, Hannah Rabinowitz, Kylie Atwood Organizations: CNN, Trump, White House, Heritage Foundation, White, Pentagon, West, America, Policy Institute, RFK Jr, SpaceX, Senate, Republicans, PAC, Department of Health, Human Services, Environmental Protection Agency, Department of Agriculture, Justice and Homeland Security, of National Intelligence, Conservative, FBI, Republican, Central Intelligence Agency, CIA, New York Republican, House GOP, United Nations, UN, State Department, Soros, Goldman, George Bush’s, Department, Chinese Communist Party, Securities and Exchange Commission, Treasury, Commerce Department . North Dakota Gov, US Trade Locations: Trump, Central Park, Texas, Mike Lee of Utah, Beach, St, United States, Ukraine, Russia, China, Iran, Florida, Tennessee, Japan, Germany, ” Arkansas, Barr, UN
JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.
Persons: Jamie Dimon, Donald Trump, Dimon, , Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan
Since it is a state case, Trump does not have the power to pardon himself next year after he is sworn into office. Federal cases in DC and FloridaTrump’s election victory is poised to have the greatest impact on the two federal criminal cases brought against him by Smith in Washington, DC, and Florida. Dismissing Smith would allow the Department of Justice and Trump’s attorney general to move to drop the charges against him and end the court cases. In the DC case, Smith charged Trump over his efforts to overturn his election loss in 2020. In September, state and federal appeals courts in New York heard arguments for two of Trump’s civil appeals.
Persons: Donald Trump, Trump, Jack Smith, , Jessica Levinson, Stormy Daniels, Judge Juan Merchan, Merchan, that’s, Smith, ” Trump, Hugh Hewitt, Jack Smith ”, , Aileen Cannon, General Merrick Garland’s, Fani Willis, Willis, Will Lanzoni, Trump’s, Jean Carroll, Carroll, Bill Clinton Organizations: CNN, Loyola Law School, Department of Justice, Justice Department’s, Trump, White, Fulton, Democrat, Trump's, Georgia, Capitol, New, Democratic Locations: New York, York, DC, Florida, Washington ,, Georgia, Fulton County, Fulton, Atlanta , Georgia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA split Congress is probably the favorite for the markets, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the state of the 2024 election, the potential impact on markets, and more.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business
The bond market, which has already seen dramatic moves leading up to the U.S. presidential election, could see even bigger price action depending on the outcome. One big theme investors are considering is the possibility of a Donald Trump win and higher bond yields that could follow. "I expect them to be worried that Trump would enact all those tax cuts, and I think bond yields would rise." US10Y 3M mountain 10-year Treasury The benchmark 10-year Treasury yield surged 50 basis points in October, marking the biggest monthly increase since September 2022. "There is room for rates to move in either direction depending on [the] election outcome."
Persons: Donald Trump, Trump, Jeremy Siegel, Kamala Harris, Stephanie Roth, Roth, Siegel Organizations: U.S, Treasury, Federal Reserve, White, Republican, Senate, Wharton School, University of Pennsylvania, Trump, Wolfe Research
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The rotational associates program lets new hires work for different teams in different roles so new employees can get a sense of where they fit best. Academics, doctors, and veteransThe end result is that driven people find their place in the firm, one way or another. Shaw Research, a computational drug discovery company led by Shaw, which put the hedge fund on their radar. Willenken, the doctor of philosophy, appreciated that his role included the parts of academia he enjoyed most without the siloed approach academic research roles typically require.
Persons: Shaw, , Tim Willenken, hadn't, Gabrielle Wesley, I'd, D.E, David Shaw, Charles Ardai, Jeff Bezos, Jeremy Reff, Reff, Willenken, Don Quixote, Ana Díaz Rivero, Lindsay Temes's, Dr, Omar Ali, Lindsey Temes, Shaw Temes, Pat Tillman, Ali, Díaz Rivero Organizations: BI, Service, Mars, Amazon, Big Tech, Harvard, D.E, undergrad, Air Force, MIT, Pat Tillman Foundation, National Health Service, NHS, Shaw Research Locations: D.E, Mars Wrigley, America, New York, quants, Silicon Valley, Big
Election officials across the US – particularly in swing states – have pledged to uphold the integrity of the vote and urged voters not to be misled by conspiracy theories. “Here in Georgia, it is easy to vote and hard to cheat,” Georgia Secretary of State Brad Raffensperger said Monday. He has alleged that voting by noncitizens is a widespread problem, that there’s no verification for overseas or military ballots, that election officials are using early voting to commit fraud and that massive swaths of mail-in ballots are illegitimate. However, supporters of Vice President Kamala Harris are far more confident, with 90% saying the election will be run smoothly, compared to 57% of Trump supporters. Harris supporters are also more confident than Trump supporters that it will be clear who won the election after all the votes are counted, by an 85% to 58% split.
Persons: Donald Trump’s, , Brad Raffensperger, ” Trump, Kamala Harris, Harris Organizations: CNN, American, Trump, noncitizens, of Columbia, Pew Research Center Locations: Georgia
10-year Treasury yield rises with all eyes on the U.S. election
  + stars: | 2024-11-05 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
The 10-year Treasury yield traded 7 basis points higher at 4.6%. The yield on the 2-year Treasury was also up by 6 basis points to 4.27%. Treasury yields rose in early trading Tuesday evening as investors awaited results from the tight presidential race between Vice President Kamala Harris and former President Donald Trump. "I expect them to be worried that Trump would enact all those tax cuts, and I think bond yields would rise." The benchmark 10-year Treasury yield surged 50 basis points in October, marking the biggest monthly increase since September 2022.
Persons: Kamala Harris, Donald Trump, Jeremy Siegel, Trump, Harris, Stephanie Roth, Siegel Organizations: New York Stock Exchange, Treasury, Trump, Republican, White, Senate, Wharton School, University of Pennsylvania, Wolfe Research, Federal Reserve
Election officials warn they’re outmatched and struggling to combat the wave of falsehoods coming from Musk and his platform. Manipulating early voting numbersIn 2020, Trump attacked early voting and mail-in voting, claiming they were used to cheat. Election officials have been inundated with threats of violence since the 2020 election. But Trump and his allies have been laying the groundwork to try to dispute the election should he lose. In Georgia, conservatives sought to allow county election officials to refuse to certify the election results, though the effort was blocked by a state judge.
Persons: Donald Trump, Trump, He’s, he’s, Kamala Harris, , , Ben Ginsberg, you’re, they’re, Justin Levitt, ” Levitt, hasn’t, Elon Musk, they’re outmatched, Musk, it’s, , Kathy Boockvar, Boockvar, Athena, doesn’t, Elon, what’s, Jocelyn Benson, ” Musk, Benson, Lara Trump, CNN’s Donie O’Sullivan, Ruth Greenwood, Harris, Michael Morley, ” Trump, Glenn Youngkin, They’ve, Andy Harris, Hurricane Helene, Ginsberg, ” CNN’s Yahya Abou, Ghazala, Sarah Boxer, Pamela Brown, Ethan Cohen, Marshall Cohen, Zachary Cohen, Devan Cole, Daniel Dale, Curt Devine, Danny Freeman, John Fritze, Brian Fung, Majlie, Puy, Holmes, Lybrand, Sean Lyngaas, Sara Murray, Paula Reid, Fredreka Schouten, Tierney Sneed, Donie O’Sullivan, Casey Tolan Organizations: CNN, noncitizens, Republican, Loyola Law School, Biden White, Elon, Democrat, Benedictine, Republicans, Republican National Committee, Trump, Harvard Law School, RNC, Democratic, Florida State University College of Law, ” Republicans, Virginia Republican Gov, Justice Department, FBI, Department of Homeland Security, Capitol, Maryland GOP, North, GOP, Republican National Locations: American, Florida, Pennsylvania Pennsylvania, Allentown , Pennsylvania, Lancaster County, Lancaster, Pennsylvania, Erie County, Erie, Bucks, Michigan, Texas, Alabama, Georgia, Allegheny County, Portland , Oregon, Vancouver , Washington, Maryland, North Carolina, Hurricane
You can’t look this up in a law book and find an answer to the query because it doesn’t exist.”Previously, prosecutors have not objected to Trump’s bids to delay his sentencing before the election, which Judge Juan Merchan noted in agreeing to postpone Trump’s sentencing until late November. If Trump loses on immunity, his lawyers are expected to ask Merchan to delay Trump’s sentencing so they can appeal. Trump’s attorneys attempted this in 2023, and District Judge Alvin Hellerstein denied it. But following the Supreme Court ruling, Trump’s attorneys made a second attempt this summer. That was denied when Merchan agreed to postpone Trump’s sentencing.
Persons: Donald Trump, Stormy Daniels, , Karen Friedman Agnifilo, he’s, , Jill Konviser, Juan Merchan, Trump, Merchan, that’s, Alvin Hellerstein, Hellerstein, Prosecutors, Diane Kiesel, you’re, You’ve, ’ ”, ” Konviser, Attorney Alvin Bragg, “ It’s, Bragg, prosecutorially, Elie Honig, Honig, , ’ ” Honig, ” Agnifilo Organizations: CNN, Trump, White, Washington, New York, Manhattan, Attorney, Democrat, Prosecutors Locations: Manhattan, New York, DC, Rikers
He added, "Votes of union workers in the United States against tentative agreements tend to reflect the white-hot anger of union employees against their employers. Tentative agreements are their only chance for them to express their frustration with their employer and their anger at the way they have been treated." A BNSF spokesperson said it is planning to attend the formal national labor negotiations even as it has announced nine tentative union agreements, five of which have already been ratified. It also has tentative agreements with the International Brotherhood of Electrical Workers (IBEW), SMART-TD, SMART-TD-YDM (Yardmasters Department), the International Brotherhood of Boilermakers, and Iron Ship Builders (IBB). To date, Norfolk Southern has reached tentative agreements with 10 of its 13 unions, covering approximately 67% of its craft workforce.
Persons: Berkshire Hathaway, Jeremy Ferguson, Ferguson, Joe Biden, Richard Edelman, Mooney, Green, Murphy, Welch, Daniel Imbro, Stephen, Brotherhood of Railway Carmen, we've, Mark George, Imbro, it's Organizations: Union Pacific, CSX, BNSF, Canadian Pacific, Canadian Pacific Kansas City —, SMART, Railway Labor, National Carriers ' Conference Committee, Railroads, NSC, National Conference of Firemen, Oilers, Tran, Transportation Communications Union, TCU, Brotherhood of Railway, International Brotherhood of Electrical Workers, Yardmasters Department, International Brotherhood of Boilermakers, Iron Ship Builders, Norfolk, Norfolk Southern, National Carriers ' Locations: Southern, Berkshire, Canadian Pacific Kansas, United States, Norfolk Southern, Norfolk
Companies beat expectations, with some boosted by large cloud growth. AdvertisementThe tech giants Meta, Alphabet, Amazon, Apple, and Microsoft reported earnings this week, and investors were laser-focused on the results of AI investments. Cloud is kingMicrosoft, Alphabet, and Amazon saw significant growth in their cloud businesses, fueled by increased demand. Jeremy Goldman, EMARKETER's senior director of briefings, told BI that Microsoft's cloud business had decelerated from the "breakneck pace" of previous quarters. Related storiesWhile Google reported stronger cloud growth, Microsoft still leads it in cloud market share, and both are behind Amazon Web Services.
Persons: , Kate Leaman, Jeremy Goldman, EMARKETER's, Amy Hood, Dan Romanoff, Andy Jassy, Tracy Woo, Forrester, AWS's, Jassy, Rufus, Sundar Pichai, Pichai, Mark Zuckerberg, Hood, Michael Field, Jaejune Kim, Lisa Su, we've Organizations: Apple, Companies, Service, Microsoft, Amazon, Morningstar, Google, Amazon Web, Amazon Web Services, Investment, Big Tech, Bank of America Securities, Meta, Nvidia, SK Hynix, Samsung, AMD, Services
A handful of stocks have momentum behind them heading into their quarterly results next week. With roughly 64% of S & P 500 companies reporting results thus far, they've collectively posted earnings growth of more than 9%. Analysts have increased their earnings forecasts for DuPont by more than 23% over the past six months and 29% over the past six months. Of all the stocks, analysts are most optimistic on Constellation Energy . Earnings forecasts over the past three months have surged 215%, faster than the 163% increase seen in the trailing six months.
Persons: they've, Wolfe, Chris Parkinson, Parkinson, JPMorgan Chase, Jeremy Tonet, Tonet Organizations: Analysts, DuPont, Constellation Energy, CNBC Pro, Wolfe Research, PFAS, JPMorgan, Howmet Aerospace, Emerson Electric
A pig has tested positive for H5N1 bird flu in a backyard farm in Oregon. The H5N1 bird flu was detected in a pig in Oregon, the first instance of a swine infection in the US, officials announced on Wednesday. Pigs get both bird flu viruses and human flu viruses, making them a genetic mixing bowl where H5N1 could gain genetic mutations that help it spread between humans. AdvertisementWhy pig infection could be a tipping pointPigs play host to both bird flu viruses and human flu viruses. Inside a pig, the H5N1 bird flu virus could pick up genetic mutations that help it adapt to better infect human bodies.
Persons: , Stacey Schultz, Cherry, Jude Children's, Jeremy Farrar, Diego Vara, Florian Krammer, Cynthia Goldsmith, Jackie Katz, Schultz, Richard Webby, Jude, Robert Giroux Organizations: Service, St, Jude Children's Research, World Health Organization, Reuters, US Department of Agriculture, USDA, Icahn, of Medicine, STAT, CDC, AP, WHO Locations: Oregon, South America, Sao Jose, Norte, Brazil, New York, St, New York City
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings will trump interest rates for stocks, but not bonds, says Wharton's Jeremy SeigelJeremy Siegel, Wharton School of Business professor, joins CNBC's 'Squawk on the Street' to discuss where he expects markets to go through the end of the year, whether stocks are more attractive than bonds, and more.
Persons: Wharton's Jeremy Seigel Jeremy Siegel Organizations: Wharton School of Business
“Today, I am restoring stability to our public finances and rebuilding our public services,” Reeves said, arguing that the now-opposition Conservative Party had “failed” Britain, including by inadequately budgeting for required government spending. A black hole in the public finances. Public services on their knees. The government will instead introduce a new tax system for such individuals, raising £12.7 billion ($16.5 billion) over the next five years. The tax hike will eventually raise £25 billion ($33 billion) per year.
Persons: Rachel Reeves, ” Reeves, , Reeves, Jeremy Hunt’s, Hunt Organizations: London CNN, Labour, Conservative Party, National Health Service, Labour Party, ’ National Insurance Locations: United Kingdom, , Britain
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