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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew inflation risks could undermine Fed rate cuts, says investor Peter BoockvarPeter Boockvar, Bleakley Financial Group chief investment officer, joins 'Fast Money' to talk the state of the economy, interest rates, and more.
Persons: Peter Boockvar Peter Boockvar Organizations: Bleakley Financial Group
President Biden said on Tuesday that his administration will be "monitoring for any price gouging activity" that benefits foreign ocean carriers, including those on the USMX board. He also said "foreign ocean carriers have made record profits since the pandemic, when Longshoremen put themselves at risk to keep ports open." UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. Acting Secretary Julie Su lashed out at the idea that labor wage increases would be passed onto U.S. exporters and importers. I know they understand, just as consumers and American workers understand, that foreign companies who profit from our economy and who employ American workers and have an impact on American consumers should do the right thing, and in that battle, we are always going to stand with American workers, American businesses and American consumers."
Persons: Biden, Longshoremen, majeure, Daggett, Harold Daggett, Lars Jenson, Pete Buttigieg, Julie Su, Taft, Hartley, Buttigieg, Larry Lindsey, Su, Peter Friedmann, I've, nonfarm, Helene, switchers, they're, Jim Bianco, CNBC's, Peter Boockvar, Alan Baer, Steve Lamar, Taft Hartley, Lamar, CNBC's Jeff Cox Organizations: CMA, U.S, United States Maritime Alliance, Vespucci, Federal Reserve, Transportation, Labor, International Longshoremen's Association, UBS, Maersk, Federal Maritime Commission, ILA, Boeing, The Lindsey Group, Agriculture Transportation Coalition, Bianco Research, Bleakley Financial, USA, American Apparel and Footwear Association, Biden Administration, Locations: East, Gulf Coast, U.S, autoworkers
The maritime alliance represents the major shipping lines, all of which are foreign owned, as well as terminal operators and port authorities. Depending on the length of the strike, there could be shortages of consumer and industrial goods, which could then lead to price hikes. What could be in short supplyThe ports involved include the Port of New York and New Jersey, the nation’s third-largest port by volume of cargo handled. Port Wilmington in Delaware describes itself as the nation’s leading banana port, bringing in a large share of America’s favorite fruit. The union has pledged to continue to handling military cargo even during a strike and said passenger ships won’t be affected.
Persons: , ” Harold Daggett, containerization, John McCown, Biden, , Joe Biden, Taft, Hartley, George W, Bush, Julie Su, Peter Buttigieg, Lael Brainard, ” Biden, ” CNN’s Arlette Saenz Organizations: New, New York CNN, Gulf Coasts, International Longshoremen’s Association, ILA, United States Maritime Alliance, American Farm Bureau, , Business, Labor, National Economic Council, CNN, Union, Labor Department Locations: New York, Gulf, Maine, Texas, of New York, New Jersey, Port Wilmington, Delaware, Port, Baltimore, West Coast, Taft
Hezbollah leader Hassan Nasrallah gives a televised address, Lebanon, September 19, 2024, in this screenshot taken from a video. “I don’t see how this doesn’t go much wider soon,” said one senior Western official. Hezbollah will almost certainly respond, according to Jonathan Panikoff, a former senior intelligence official specializing in the region, and Iran is likely to play a role. A senior US official said the US believes Iran will intervene in the conflict if they judge that they are about to “lose” Hezbollah. US officials have long assessed that senior Hezbollah leadership has wanted to avoid all-out war with Israel, even as fighting has intensified in recent months.
Persons: Hassan Nasrallah, Joe Biden’s, , , Jonathan Panikoff, ” Panikoff, Nasrallah, Mick Mulroy Organizations: Reuters, Western, US, Hezbollah, Israel, Middle, Defense Department Locations: Lebanon, Beirut, Iran, Tehran, Israel
"I didn't want to finish the story with a presumption that we would make more 'The Wild Robot' movies. Warning: Spoilers ahead for "The Wild Robot" book and movie. 'The Wild Robot' movie's ending is more cinematic than the book's"The Wild Robot." DreamWorks AnimationBrown has written two other books in the series, "The Wild Robot Escapes" and "The Wild Robot Protects." When asked if he'd begun work on a sequel to "The Wild Robot," Sanders answered slyly, "Maybe we are."
Persons: Chris Sanders, Peter Brown's, Sanders, , Peter Brown, Roz, Lupita Nyong'o, gosling, Stephanie Hsu, Kit Connor, Brightbill, she's, Brown, he'd, slyly, She's Organizations: DreamWorks, Service, DreamWorks Animation Locations: Brightbill
In 2008, Israel killed Hezbollah’s military leader, Imad Mughniyeh, in Damascus, Syria, yet the group only gathered strength in the years that followed. Four years earlier, Israel killed a founder of Hamas, Sheikh Ahmed Yassin, in an airstrike. The US has its own history of killing terrorist leaders in the hope that it will cripple its foes. ISIS also carried out devastating terrorist attacks in the West, for instance, in Paris in 2015 that killed 130 people. The UN estimates there are about four hundred members of al Qaeda living in Afghanistan today.
Persons: CNN — , Hassan Nasrallah, Israel, don’t, Imad Mughniyeh, Sheikh Ahmed Yassin, masterminds, Mohammed Deif, Abu Musab al, Zarqawi, al, , Barack Obama, Mullah Akhtar Mohammad Mansour, Donald Trump, Qasem Soleimani, Soleimani, Trump, “ Soleimani, Osama bin Laden, bin Laden, Bin Laden’s, Laden, Ayman al, Zawahiri, didn’t, Nasrallah, it’s Organizations: CNN, US, ISIS, Islamic Revolutionary Guards Quds Force, Hamas, United, Taliban, Hezbollah, CIA, US Navy, UN, Israel Locations: Beirut, Israel, Damascus, Syria, Gaza, al Qaeda, Iraq, Qaeda, Portugal, Paris, Syrian Kurdish, Mosul, Pakistan, Afghanistan, Baghdad, Yemen, United States, Pakistan’s, New America, Abbottabad, Iran
Preliminary official results showed the Freedom Party finishing first with 29.2% of the vote and Chancellor Karl Nehammer’s Austrian People’s Party was second with 26.5%. Dutch far-right leader Geert Wilders, whose party dominates the Netherlands’ new government, congratulated the Freedom Party on social network X Sunday. Herbert Kickl, leader of the Freedom Party of Austria poses with supporters, in Vienna, Austria, Sunday, Sept. 29, 2024, after polls closed in the country's national election. The People’s Party is the far right’s only way into government, and now holds the key to forming any administration. But that looks very unlikely with the Freedom Party in first place.
Persons: Chancellor Karl Nehammer’s, Greens –, Herbert Kickl, , Kickl, ” Kickl, ” Nehammer, , Geert Wilders, Alice Weidel, Heinz, Peter Bader, Christian Strache, Andreas Babler, Nehammer, Storm Boris Organizations: Freedom Party, Sunday, Chancellor Karl Nehammer’s Austrian People’s Party, Social Democrats, Greens, Rivals, Party, Russia, Sky Shield, European Union, Germany, Freedom Party of Austria, People’s, People’s Party, Nazi Locations: Austria, Ukraine, , Germany, Brussels, Netherlands, Vienna, Russian, Europe
Sanders says working on "The Lion King" helped him pull off a shocking moment in "The Wild Robot." So when it came to crafting another heartwarming yet tear-jerking animated classic, he took cues from his work on "The Lion King" and the film's most devastating moment. But with the mother goose's death, Sanders knew he would have to play it straight. So he used the death of Mufasa in "The Lion King" as a guide. AdvertisementMufasa's death scene in "The Lion King."
Persons: Chris Sanders, Sanders, King, , Peter Brown, Roz, gosling, Bambi's, Catherine O'Hara Organizations: Service, Disney Animation, Walt Disney Studios, Disney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stimulus not a long-term fix for its broader economic issues, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group chief investing officer, and Dan Greenhaus, Solus Alternative Asset Management chief strategist, join CNBC's 'The Exchange' to discuss the long-term reach of China's stimulus, how to position in the Chinese markets moving forward, and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar, Dan Greenhaus, CNBC's Organizations: Bleakley Financial Group, Asset Management
But Lupita Nyong’o says DreamWorks’ new animated movie, “The Wild Robot,” will show viewers that you don’t have to pick one over the other to survive. “I think what makes 'The Wild Robot' a compelling story is that we’re witnessing this robot adapt to the natural world,” she said in a video interview with NBC News. Nyong’o voices Roz, a task-oriented robot from a futuristic world that gets stranded on a remote island inhabited by wild animals. Born in Mexico to Kenyan parents, Nyong’o said she connects with Roz because she can relate to being an outsider. But still stay true to myself and hold on to my essence.”And reflecting on her experiences in Mexico, Nyong’o said being a foreigner can also help you grow.
Persons: Lupita Nyong’o, , Peter Brown, Roz, Nyong’o, gosling, Kit Connor, Rosie —, ” Nyong’o Organizations: DreamWorks, NBC News, New York Times Locations: Mexico, Kenyan, Spanish
Protesters demonstrate outside the Labour Party conference venue in Liverpool against the withdrawal of the winter fuel allowance, on September 23, 2024. “It has felt a bit blunt,” a Labour Member of Parliament admitted after Starmer’s speech Tuesday, summing up the sentiment across much of conference. Unfortunately, the realities of governing are beginning to bite the Labour Party – and it is likely he will need to show some returns far sooner. Starmer’s speech was was light on fresh content but a heckler was calmly removed and the key messages were confidently delivered. But a premiership can only survive on doom and gloom for so long, and patience is already wearing thin among much of the wider party.
Persons: Keir Starmer, , Ian Forsyth, Starmer, Taylor, , Rachael Maskell, Sir Keir Starmer, Peter Byrne, Maskell, , Boris Johnson’s, ” –, Patience, Opinium, Sunak, ” James Crouch ,, Reeves, Rachel Reeves, heckler Organizations: Liverpool, England CNN —, Labour, Protesters, Labour Party, Labour Party –, Conservative, Public, Arsenal soccer, Wembley, CNN, , London, Tory, National Health Service, Organisation for Economic Co, Development, United Nations General Assembly Locations: England, Liverpool, Starmer’s, Opinium, Britain, New York, July’s
The firm's chief global strategist, Peter Berezin, pointed to two low-key labor market indicators flashing warning signals this month. AdvertisementHistorically, that number has always increased in the early stages of a recession, Berezin says. Meanwhile, recent survey data shows a narrowing gap in positive and negative labor market sentiment. On average, the peak in the labor differential comes nine months ahead of a recession, Berezin says. He says the data points to the contrary, with a slowdown in year-over-year labor force growth from 1.9% a year ago to 0.4% in August.
Persons: , Peter Berezin, Berezin, landers Organizations: Service, BCA Research, Business, Bureau of Labor Statistics, Conference Board
Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Recently, Baird analyst Colin Sebastian reiterated a buy rating on Take-Two Interactive stock with a price target of $172. He anticipates the mobile business will contribute around $3.1 billion, and catalog/live services will generate $2.5 billion in the full year. Benedict noted that the August comparable sales growth was sequentially steady compared to the 7.2% increase in July, as stronger traffic was offset by some moderation in average traffic growth.
Persons: Baird, Colin Sebastian, Max Payne, Sebastian, TipRanks, Peter Benedict, bullish, Costco's, Benedict, Doug Anmuth, Anmuth Organizations: Netflix, Wall Street, Costco Wholesale, Costco, JPMorgan Locations: Flora, TipRanks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCutting interest rates in China is irrelevant for its economy right now: Peter BoockvarPeter Boockvar of Bleakley Financial says China needs time to work through the problems facing its economy, and with market sentiment being so bearish, it is time to start looking for positive catalysts.
Persons: Peter Boockvar Peter Boockvar Organizations: Bleakley Financial Locations: China
Founded in 2018, Willo provides companies in over 180 countries with technology to conduct and process video interviews for job candidates. This story is available exclusively to Business Insider subscribers. During the COVID-19 pandemic, it pivoted to become a solution for hiring remotely using video technology. The company offers one-way recorded video interviews to help employers get what it describes as unbiased and consistent responses from candidates. "We've grown into a more mature product now, with companies able to interview in many different ways," Euan McCameron, CEO at Willo, told Business Insider.
Persons: , Willo, Euan McCameron, We're, McCameron, Peter Bauer Organizations: Service, Willo, Prada, Samsung, Toyota, Business Locations: Glasgow, Scotland
Discussing the US southern border, Trump asserted that “more terrorists have come into the United States in the last three years. In fact, there have been no reported terrorist attacks in the US during the past three years carried out by jihadist terrorists crossing the southern border. The ordinarily voluble Trump typically doesn’t have much to say when far-right domestic terrorists perpetrate terrorism in the United States. To be sure, there are reasonable concerns about the southern border, like the fact that, as CNN reported in June, eight Tajikistan nationals in the US who had crossed the southern border were arrested on immigration charges “following the discovery of potential ties to terrorism,” including possibly to ISIS. This is all a far cry from Trump’s claim on Fox that “more terrorists have come into the United States in the last three years.
Persons: Donald Trump, Kamala Harris, Trump, voluble Trump, Christopher Wray, Organizations: CNN, Fox News, New, Naval Air Station, Pentagon, New America, Fox, US Customs, Protection Patrol, CBS News Locations: United States, New York City, Saudi, Pensacola , Florida, Buffalo , New York, Allen , Texas, Pensacola, Manhattan, Tajikistan, Customs, Canada
The party in Chicago is done, the confetti has been swept up, the pictures have been posted to social media. But the real question as exuberant Democrats woke up on Friday was whether they could channel the sheer intoxication of the United Center into a sustained, 74-day sprint to Election Day. The thousands of jubilant delegates in the hall this week were not representative of the swing voters that Ms. Harris needs to defeat former President Donald J. Trump. Ms. Harris can expect a bruising battle over the next two and a half months. Ms. Harris has had one of the most impressive debuts of any general election candidate in recent times, yet she still faces polls within the margin of error.
Persons: Joy cometh, Kamala Harris, Biden, Harris, Donald J, Trump, Bill Clinton, Michelle Obama Organizations: United Center, Trump Locations: Chicago
Tuesday’s primaries will also determine the matchups for some notable House seats, with Republicans looking to defend their slim majority. While Steil is expected to face Democratic former Rep. Peter Barca, multiple Democrats are competing to take on Van Orden. The top fundraisers in the Democratic primary include nonprofit leader Rebecca Cooke, state Rep. Katrina Shankland and activist Eric Wilson. Teirab is the top candidate in the Republican primary after his chief rival dropped out last month. Democratic Rep. Ilhan Omar is looking to faces multiple opponents in the deep-blue 5th District, which includes Minneapolis.
Persons: Eric Hovde, Donald Trump’s, Democratic Sen, Tammy Baldwin, Amy Klobuchar, Connecticut’s Chris Murphy, Vermont’s Bernie Sanders —, Klobuchar, Royce White, Derrick Van Orden, Bryan Steil, Steil, Peter Barca, Van Orden, Rebecca Cooke, Katrina Shankland, Eric Wilson, Democrats — Minnesota’s Angie Craig, Connecticut’s Jahana Hayes —, Hayes, Sen, George Logan, Trump, Joe Teirab, Craig, Ilhan Omar, Don Samuels, Omar, outspent Samuels, Samuels, Jamaal Bowman, Cori Bush, Michelle Fischbach, Fischbach, Steve Boyd, , , Mike Gallagher’s, — Gallagher, Tony Wied, André Jacque, Roger Roth, Kristin Lyerly, Will, Evers, Tony Evers Organizations: Senate, Republican, Democratic, Republicans, NBA, GOP, Rep, Van, Democrats, Marine, Tuesday, Minneapolis City Council, United Democratic, American Israel Public Affairs Committee, Israel, Trump, America Leads Inc, Wisconsin’s, Republican Rep, Green Bay Packers, OB Locations: Wisconsin , Minnesota , Connecticut, Vermont, Wisconsin, Minnesota, Connecticut’s, Minnesota’s, Teirab, Minneapolis, New York, Missouri, Washington, District, Will Wisconsin
CEO of India's Biocon discusses first-quarter results
  + stars: | 2024-08-12 | 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 EmailCEO of India's Biocon discusses first-quarter resultsPeter Bains, group CEO of the biopharmaceutical company, outlines its growth outlook.
Persons: India's Biocon, Peter Bains
President Biden said in an interview that aired on Sunday that he had abandoned his bid for a second term because he did not want to create “a real distraction” for Democrats, but he expressed no second thoughts about whether he could still do the job, despite concerns about his age and capacity. In his first interview since ending his re-election campaign on July 21, Mr. Biden said that he had “no serious problem” with his health, but added that the highest priority had to be defeating former President Donald J. Trump. “A number of my Democratic colleagues in the House and Senate thought that I was going to hurt them in the races,” he said. “And I was concerned if I stayed in the race, that would be the topic. “When I ran the first time, I thought of myself as being a transition president,” he said.
Persons: Biden, Donald J, Trump, , Robert Costa, Nancy Pelosi, it’d, Organizations: Trump, CBS, Democratic
I prosecuted them in case after case, and I won.”A day earlier, the Harris campaign released a television advertisement highlighting her pivot. Her stance reflects a change in public opinion since Mr. Trump left the White House in 2021. The decision for the Harris campaign to frame her record as California attorney general as a “border-state prosecutor” stands in contrast to how she ran in the 2020 Democratic primary. “Donald Trump tanked the deal,” Ms. Harris said in Arizona as a crowd of more than 15,000 supporters booed. “Voters want to see folks be serious about actually fixing the broken immigration system and securing the border,” Ms. Cox said in an interview.
Persons: Kamala Harris, Biden’s, Harris, Donald J, Trump, , Ms, , Bill Clinton, Biden, Mr, ” —, Kamala, Chris DeRose, ” Mr, DeRose, “ There’s, “ Donald Trump, ” Ms, ” Jen Cox, Mark Kelly, Cox, Tom Suozzi, Suozzi, ” Harris, Mike Madrid, Harris’s, Obama, Madrid, Donald Trump, ” Michael Gold, Reid J, Epstein Organizations: Republicans, Democratic, Republican, White House, Biden, Trump, America, Democrats, Mr, , Democrat Locations: Arizona, U.S, United States, California, , Montana, Maricopa County, New York, Bozeman, Mont, Washington
“Some critics, like Mr. Smotrich, for example, have claimed that the hostage deal is a surrender to Hamas or that hostages should not be exchanged for prisoners,” Mr. Kirby said at the start of a briefing for reporters. Mr. Smotrich and Itamar Ben-Gvir, the national security minister and a far-right ally, have threatened to quit Mr. Netanyahu’s coalition if he signs a deal ending the war. But whether it could help Mr. Netanyahu to have the Americans weigh in on his domestic politics was not as clear. “The idea that he would support a deal that leaves Israel’s security at risk is just factually wrong,” Mr. Kirby said of the president. “He won’t allow extremists to blow things off course — including extremists in Israel making these ridiculous charges against the deal,” he said.
Persons: , Biden’s, John F, Kirby, Biden, Bezalel Smotrich, Smotrich, Mr, “ Smotrich, Benjamin Netanyahu, Israel, ” Mr, Itamar Ben, Gvir, Biden administration’s pushback, Netanyahu, , he’s Organizations: White, Hamas, ISIS Locations: U.S, Israel, Egypt, Qatar, Iran
A wild week of trading on Wall Street ended with the S & P 500 back roughly where it started, but the lessons learned by whipsawed investors over those five days could determine what happens next. The S & P 500 had its worst day since 2022 on Monday, and then its best since 2022 on Thursday. But with the S & P 500 ending the week down less than 0.1% in a calm session on Friday, the market seems to have stabilized. .SPX 5D mountain The S & P 500 finished the week nearly flat. And I think that has to do with investors really being a little bit skeptical about some of this equity market volatility."
Persons: Tim Hayes, Ned Davis, Gennadiy Goldberg, didn't, Jeremy Schwartz, Peter Berezin, aren't, Wellington, Frank Gretz, RJ O'Brien, Tom Fitzpatrick, Fitzpatrick Organizations: Wall, Treasury, Ned, Ned Davis Research, TD Securities, CNBC, Japan —, Nikkei, Bank of Japan, BCA Research, Wellington Shields, Associates Locations: Japan
Mr. Trump was talking about the crowds gathered for his speech on Jan. 6, 2021, and for the “I Have a Dream” speech the Rev. Dr. Martin Luther King Jr. delivered during the March on Washington in 1963. While it is difficult to gauge exact crowd sizes, estimates counter Mr. Trump’s claim that the numbers gathered were comparable. Dr. King’s speech drew an estimated 250,000 people. The House Select Committee responsible for investigating the events of Jan. 6 estimated that Mr. Trump’s speech drew 53,000 people.
Persons: Trump, Pete Marovich, Martin Luther King Jr, Martin Luther King, , Donald J, Trump’s, King’s Organizations: The New York, Associated Press, Trump Locations: Washington
PARIS — The second boxer at the center of a global debate over gender eligibility and fairness at the Paris Olympics won her semifinal match Wednesday, ascending to the featherweight gold medal bout. Lin and another female Olympic boxer, Imane Khelif of Algeria, continue to face intense scrutiny and false accusations about their gender and eligibility to compete with women. The Bulgarian Olympic Committee later confirmed that Staneva was boasting about having XX chromosomes in an attempt to mock Lin. "The opponent is a respectable one.”Algeria's Imane Khelif reacts after defeating Thailand's Janjaem Suwannapheng in a women's 66-kilogram semifinal boxing match at the Olympics on Tuesday. Some who initially criticized Khelif and Lin apologized as more information about them and the IBA’s legitimacy came to light.
Persons: Lin Yu, Esra Yildiz, Lin, Imane, Kahraman, Svetlana Staneva, Staneva, Turkey's, Peter Byrne, ” Lin, couldn't, Khelif, Thailand's Janjaem, Ariana Cubillos, Thailand’s Janjaem, Umar Kremlev —, Vladimir Putin —, Thomas Bach, ” Bach, Aijaz, , Mark Adams, ​ “, Lin’s, Khelif’s, Kremlev, Imane Khelif, Vadim Ghirda, Elon Musk, Harry Potter ”, J.K, Rowling, Donald Trump, ” Trump, Logan Paul, ” Riley Gaines, Nikki Hiltz, , ” Hiltz, it’s, ” Khelif, Yang Liu of, Julia Szeremeta, Garros, David K, Li, Matt Lavietes, Jiachuan Wu Organizations: PARIS, Paris Olympics, Bulgarian Olympic, Representatives, Turkish Olympic, Press, AP, Tokyo, Boxing Association, Olympic Committee, IOC, IBA, SNTV, USA, Olympics, X, Boston Globe, Roland Locations: Taipei, Turkey, Algeria, Paris, Russian, New Delhi, Russia, Hangzhou, China, Istanbul, , Yang Liu of China, Taiwan, New York
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