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Elon Musk hinted at his 2024 voting intentions in an interview at an event Wednesday. Musk claims that he's a centrist, but has increasingly supported rightwing politicians. AdvertisementElon Musk doubts he'll be voting for Joe Biden in the 2024 presidential election. "They held an electric vehicle summit at the White House and specifically refused to let Tesla attend," Musk said. Musk has increasingly supported rightwing candidates, offering his social media platform X to Ron DeSantis for his launch of his presidential run back in May.
Persons: Elon Musk, Joe Biden, he's, , Elon, Biden, I'm, Andrew Ross Sorkin, Musk, Tesla, Nikki Haley, Vivek Ramaswamy, Barack Obama, Ron DeSantis Organizations: Service, The New York Times, Summit, Trump, Democrat, White, Washington Post Locations: Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKevin McCarthy is probably the most political person I've ever met or covered, says Jake ShermanJake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss former House Speaker Rep. Kevin McCarthy's interview at The New York Times DealBook Summit, the state of the 2024 presidential race, issue around President Biden's age, and more.
Persons: Kevin McCarthy, I've, Jake Sherman Jake Sherman, Kevin McCarthy's, Biden's Organizations: Punchbowl News, The New York Times DealBook
Elon Musk seems to be trying to sabotage X by telling major advertisers "go fuck yourself." It gives weight to a theory that Musk may be deliberately trying to sink X, formerly Twitter. Those banks have since been trying to sell the debt — which looks increasingly worthless as Musk drives X into the ground. In the meantime, X and Musk must pay millions of dollars in interest to their financiers. "There is no way back, there is no way to reverse the statement Elon made yesterday," said Ruben Schreurs, chief strategy officer at the marketing consultancy Ebiquity, which works with major advertisers.
Persons: Elon Musk, Martin Sorrell, , NBCUniversal, Musk, Linda Yaccarino, Linda, Jerod Harris, Matt Levine, Levine, Lou Paskalis, Musk's, Paskalis, BI's Grace Kay, Kali Hays, it's, Elon, Ruben Schreurs, Yaccarino, didn't Organizations: Service, The New York Times, Apple, Disney, IBM, Bloomberg, Bank of America, AJL, Musk's Twitter, Ebiquity, X
Quantity has diluted quality at Disney, CEO Bob Iger says. "I don't want to apologize for making sequels," he said. AdvertisementDisney CEO Bob Iger delivered a candid critique of his company during an interview at The New York Times DealBook Summit on Wednesday. And quantity, in our case, diluted quality, and Marvel has suffered greatly from that," Iger said. AdvertisementIn November 2022, Iger emerged from retirement to return to Disney as its CEO, a position he had previously held for 15 years.
Persons: Bob Iger, , Iger, they've, Bob Chapek Organizations: Disney, Service, The New York Times, Summit, Marvel Locations: Kingdom, Disney's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Squawk Box' crew react to Elon Musk's NYT DealBook Summit interviewCNBC's Andrew Ross Sorkin, Becky Quick and Joe Kernen discuss Elon Musk's interview at The New York Times DealBook Summit.
Persons: CNBC's Andrew Ross Sorkin, Becky Quick, Joe Kernen, Elon Musk's Organizations: Elon Musk's, The New York Times DealBook
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer on Elon Musk: An unfiltered person who answers to absolutely no oneCNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss Elon Musk's interview at The New York Times DealBook Summit.
Persons: Jim Cramer, Elon, Carl Quintanilla, David Faber, Elon Musk's Organizations: The New York Times DealBook
New York CNN —Elon Musk desperately wants to be liked, despite his pronouncement Wednesday that he doesn’t mind being hated. The sentiment is, like so much of Musk’s public persona, a lie designed to keep the public’s focus squarely on him. Watching the interview, even online, you can feel the awkward energy of that moment — cringeworthy for some, but seemingly invigorating for Musk. On Wednesday, Musk sought to shrug off his most recent anti-Jewish post as a “foolish” mistake that got misinterpreted by the media. Musk clearly has “a fairly straightforward case of internet brain rot,” as the Atlantic writer Charlie Warzel put it in a Threads post.
Persons: New York CNN — Elon Musk, , , Andrew Ross Sorkin, Musk, Rich Guy, White, , shrug, Charlie Warzel Organizations: New, New York CNN, New York Times DealBook, New York Times, Whites Locations: New York, California, Eastern Europe, Israel, Atlantic
"We got to the point where if a film didn't do a billion dollars in global box office, we were disappointed," he said. Iger also blamed Disney putting quantity before quality for its box office misses. In response to questions about the company's box office misses, the CEO said: "I'm not sure another studio will ever achieve some of the numbers that we achieved." Disney can claim 10 of the 20 highest-grossing films, each of which took more than $1 billion at the box office, per IMDb. However, the film's now made $383 million globally, per Box Office Mojo.
Persons: Bob Iger, Iger, , That's, Indiana Jones, Bob Chapek, Iger's Organizations: Disney, Service, The New York Times, Summit, Netflix
Elon Musk appearing at the New York Times Dealbook Summit Wednesday in New York. Photo: Slaven Vlasic/Getty Images for The New York TimesElon Musk said that an advertising boycott over his posts that he said were misperceived as antisemitic would kill his social-media platform X, and that anyone trying to blackmail him over advertising money could “go f—yourself.”“If somebody’s going to try to blackmail me with advertising, blackmail me with money. Go f—- yourself,” Musk said during an interview at the New York Times ’ DealBook Summit on Wednesday.
Persons: Elon Musk, Slaven Vlasic, The New York Times Elon Musk, ” Musk Organizations: New York Times, The New York Times Locations: New York
Over the summer, Bob Iger seemed to hint that ABC and Disney's other networks were for sale. Since returning as CEO, Iger has turned his focus to streaming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "That was a means of my saying to Wall Street or the investment community that our heads were not in the sand about the challenges that those businesses were having," he said Wednesday. Perhaps Iger is once again testing the waters of the investment community.
Persons: Bob Iger, Iger, , Disney, Byron Allen Organizations: Service, ABC, Disney, The New York Times, Summit, CNBC, Allen, Co, Nexstar Media Group, Allen Media Group, Geographic Locations: Sun Valley , Idaho
Nvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50 direct reports," in an interview with CNBC's Andrew Ross Sorkin on Wednesday. Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management. "The more direct reports a CEO has, the less layers are in the company. "The people that report to the CEO should require the least amount of pampering and so I don't think they need life advice. I don't think they need career guidance," Huang said.
Persons: Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Steve Jobs, Mark Zuckerberg Organizations: New York Times, Jazz, Lincoln Center, Nvidia, AMD Locations: New York City, China
An investing legend dies
  + stars: | 2023-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
AdvertisementIn today's big story, we're looking back on the life of investing legend Charlie Munger. What's on deck:But first, remembering Charlie Munger. AdvertisementCharlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. Despite being overshadowed by Buffett, Munger wasn't afraid to share his opinion. Speakers include Vice President Kamala Harris, President of Taiwan Tsai Ing-wen, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, and other major execs.
Persons: Charlie Munger, Charlie Munger Johannes Eisele, Berkshire Hathaway, Warren Buffett, Munger, I'm, Buffett, Munger's, they'd, Charles Platiau, Frederic J . Brown, Chelsea Jia Feng, Wall, Peacock, Kamala Harris, Taiwan Tsai Ing, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, Costco Monica Humphries, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Getty, Berkshire, Berkshire Hathaway, SevenSix Agency, Delta Air Lines, Toyota, Gucci, Google, Wall, Rockefeller, NBC, The New York Times, Taiwan, Costco Locations: Wisconsin, What's, AFP, California, Omaha, Omaha , Nebraska, Berkshire, Charles, Kensington, Chelsea, New York City, San Diego, London, New York
Nvidia CEO Jensen Huang said AGI will be reached in five years during the 2023 NYT DealBook Summit. Huang defined AGI as tech that exhibits basic intelligence "fairly competitive" to a normal human. Still, he admitted that AI technology is not quite there yet despite its rapid progress. AdvertisementJensen Huang, the CEO of Nvidia — one of the companies that is fueling the AI revolution — predicts that we may be able to see artificial general intelligence, or AGI, within the next five years. "Software can't be written without AI, chips can't be designed without AI, nothing's possible," he concluded on the point of AI's potential.
Persons: Jensen Huang, Huang, , Andrew Ross Sorkin, Ross Sorkin, Sorkin, Ilya Sutskever, Ian Hogarth, John Carmack, Demis Hassabis, Nvidia didn't Organizations: Nvidia, Service, New York Times DealBook, AIs, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan CEO Jamie Dimon: I'm not afraid of China, it's good for an American bank to be thereJPMorgan Chase CEO Jamie Dimon joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss the role of business in the geopolitical sphere, state of U.S.-China relations, doing business in China, and more.
Persons: Jamie Dimon, I'm, Andrew Ross Sorkin Organizations: JPMorgan Chase, The New York Times Locations: China, American, U.S
New York CNN —Elon Musk, in his first interview with mainstream media since his antisemitic post on X earlier this month, apologized Wednesday for what he called his “dumbest” ever social media post. “I don’t want them to advertise,” he said at the New York Times DealBook Summit in New York. Musk made the remarks as the X CEO, Linda Yaccarino, sat in the audience. In a meandering conversation that lasted well over an hour, Musk also said he has no problem being hated. I’d love to help.”But in a separate conversation at the DealBook Summit, Herzog appeared uncertain that Musk would remain consistant in his messaging.
Persons: New York CNN — Elon, dumbest, , Bob, Bob Iger, Musk, Linda Yaccarino, Yaccarino, , Elon Musk, it’s, White supremacists, I’ve, ” Musk, Benjamin Netanyahu, Isaac Herzog, Israel “ wasn’t, he’s, Netanyahu, Herzog, Sam Altman, Altman, “ I’m, OpenAI Organizations: New, New York CNN, New York Times DealBook, Disney, Elon, CNN, Paramount, Comcast, Lionsgate, Warner Bros, Israeli Locations: New York, Israel, Gaza, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan CEO Jamie Dimon on 2024 election: Help Nikki Haley 'even if you're a very liberal Democrat'JPMorgan Chase CEO Jamie Dimon joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss the 2024 presidential election, whether the business community should be speaking out on politics, why he's eager to help the U.S. president regardless of who's in the White House, and more.
Persons: Jamie Dimon, Nikki Haley, JPMorgan Chase, Andrew Ross Sorkin Organizations: Democrat, JPMorgan, The New York Times
Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The website asks Tesla workers to join, saying CEO "Elon Musk is the richest man in the world, with a net worth of $230 billion. The question is, will Tesla workers get their fair share?"
Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Elon Musk, Tesla, Harley Shaiken, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, New York Times, Honda, Subaru, Mazda, Volvo, University of California, White, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, America, Mississippi, Tennessee, Chattanooga , Tennessee, Berkeley, Georgetown , Kentucky, Washington
Jamie Dimon says to be prepared for recession
  + stars: | 2023-11-29 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +1 min
New York CNN —JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street on Wednesday: Inflation could rise further and recession is not off the table. “A lot of things out there are dangerous and inflationary. Be prepared,” he said at the 2023 New York Times DealBook Summit in New York. “Interest rates may go up and that might lead to recession.”Governments across the globe need more money, he said, to fund the green economy, remilitarize and to address energy crises — and that will all be inflationary. “I think quantitative easing and tightening and these geopolitical issues can bite,” he said.
Persons: Jamie Dimon, , Covid, , Dimon Organizations: New, New York CNN, JPMorgan, New York Times DealBook, Federal Reserve Locations: New York, United States
Federal Trade Commission Chair Lina Khan speaks during The New York Times annual DealBook Summit in New York City on Nov. 29, 2023. Under her leadership, Khan said the FTC has brought 11 cases against mergers, and in five instances, the companies abandoned their plans after the agency filed suit. The lawsuit was long anticipated, as Khan rose to prominence for her 2017 Yale Law Journal article, "Amazon's Antitrust Paradox." Amazon has disputed both of the FTC's lawsuits, calling them "wrong on the facts and the law." Asked why she hasn't subscribed to Prime, Khan replied, "I just haven't."
Persons: Lina Khan, Khan, would've, hasn't Organizations: Federal Trade, New York Times, The New York Times, Summit, FTC, Facebook, Microsoft, Activision, Amazon, Yale, Amazon's, CNBC PRO Locations: New York City
REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 29 (Reuters) - (Please note strong language in paragraphs 1 and 6)Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to "Go fuck yourself" in a fiery Wednesday interview. Musk said repeatedly he was sorry for publishing a tweet on Nov. 15 that agreed with an anti-Jewish post. Musk in his post said the user, who referenced the "Great Replacement" conspiracy theory, was speaking "the actual truth." Musk's post drew condemnation from the White House for what it called an "abhorrent promotion of antisemitic and racist hate." Musk in Israel said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.
Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon Musk, Musk, bristled, Bob, Robert Iger, Walt Disney, Iger, Musk's, Chuck Schumer, Schumer, Benjamin Netanyahu, Netanyahu, Joe Biden, Donald Trump, Sheila Dang, David Gaffen, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Billionaire, New York Times, Walt, U.S, White House, Warner Bros Discovery, Comcast, Media, Israeli, Thomson Locations: Paris, France, Israel, U.S, Dallas
Hedge-fund manager Bill Ackman asked JPMorgan CEO Jamie Dimon what he'd do if he were president. The CEO said he'd get rid of the carried interest loophole and increase the earned income tax credit. At the New York Times DealBook Summit this morning, audience member and hedge fund titan Bill Ackman asked JP Morgan CEO Jamie Dimon what he'd do if he were president. asked Ackman, who has previously called on Dimon to run for president. Despite votes of confidence from the likes of Ackman, Dimon has said that he won't run for president.
Persons: Bill Ackman, Jamie Dimon, he'd, , Morgan, Ackman, Dimon, Robin Hood Organizations: Service, New York Times, Treasury, Democrats Locations: France
Nvidia CEO Jensen Huang said he wakes up worried his company might fail. Huang said the feeling he got from Nvidia nearly going out of business years ago has stuck with him. The fear of his chip empire tanking, Huang admitted, is a feeling he grapples with every morning when he wakes up. "I think during adversity you're more focused," Huang said. "I like going home and telling my wife I saved the company today," Huang said during the DealBook summit.
Persons: Jensen Huang, Huang, , Andrew Sorkin, Sorkin Organizations: Nvidia, Service, New York Times DealBook, Yorker Locations: Nvidia's, Taiwan
Elon Musk was questioned about his antisemitic comments on X during the New York Times' DealBook Summit. Musk repeatedly said that advertisers can go "fuck" themselves. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk repeatedly told companies who pulled advertisements from his social media platform X to "go fuck yourself," during an interview for The New York Times DealBook Summit on Wednesday. Over the weekend, the New York Times reported that X may lose up to $75 million from the advertiser exodus.
Persons: Elon Musk, Musk, Bob Iger, , Andrew Ross Sorkin, Elon, it's Tesla, Iger, Linda Yaccarino Organizations: New York Times, Disney, Service, The New York Times, Summit, SpaceX, ABC, ESPN, IBM, Apple, Lionsgate, Media
Bob Iger: I was not seeking to return to Disney at all
  + stars: | 2023-11-29 | 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 EmailBob Iger: I was not seeking to return to Disney at allDisney CEO Bob Iger joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss his return to Disney and more.
Persons: Bob Iger, Andrew Ross Sorkin Organizations: Disney, The New York Times
David Dee Delgado | ReutersIn Sam Bankman-Fried's fraud trial, prosecutors won quickly by keeping it simple. "While the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time," Williams said. Sam Bankman-Fried's parents, seated to the left, react to the verdict. "Sam Bankman-Fried will be remembered as one of the biggest fraudsters of our lifetimes," Mariotti said. WATCH: Sam Bankman-Fried found guilty on all seven counts
Persons: Sam Bankman, David Dee Delgado, CNBC they'd, Yesha Yadav, Fried, Nicolas Roos, Danielle Sassoon, Crypto, Roos, Sassoon, Marc, Antoine Julliard, Renato Mariotti, who's, Bryan Cave Leighton Paisner, Damian Williams, Williams, Andrew Ross Sorkin, Sorkin, that's, It's, SBF, Mariotti, Paul Tuchmann, Wiggin, Dana, Tuchmann, Elizabeth Williams, Caroline Ellison, Bankman, Ellison, James Koutoulas, Koutoulas, Gary Wang, Nishad Singh, FTX coder Adam Yedidia, FTX's, Sun, Kevin J, O'Brien, Mark Cohen Organizations: FTX, Manhattan, Reuters, CNBC, Vanderbilt University ., U.S . Justice Department's Securities, Commodities, Southern, of, Prosecutors, Stanford, Alameda Research, New York Times DealBook, Washington , D.C, U.S, Justice Department, Trading Commission, Securities and Exchange Commission Locations: New York City, London, Chicago, U.S, of New York, Alameda, Washington ,, Bankman, New York
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