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Market Movers rounded up the latest reactions on General Motors from investors and analysts. Jim Lebenthal of Cerity Partners and Boris Schlossberg of BK Asset Management gave their takes on GM's stock dipping below $30 during intraday trading for the first time in more than three years. The action came after The Wall Street Journal reported that GM is potentially facing a government recall of at least 20 million vehicles due to a faulty airbag part. The decline in share price occurs as GM is grappling with ongoing strikes by the United Auto Workers union. General Motors stock closed Thursday at $30.31 a share, down by 2.4%.
Persons: Jim Lebenthal, Boris Schlossberg Organizations: General Motors, Cerity Partners, BK Asset Management, Street Journal, GM, United Auto Workers
New York CNN —As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. What’s happening: The gross national debt has grown at an alarming pace since then — by $1 trillion in the last three months alone. Political finger pointing around what caused the accelerated debt accrual, meanwhile, has left the government at an impasse around the budget. The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes. That would leave the door open for another rate increase, which could come when the following meeting concludes, on November 1.
Persons: Fitch, , Michael Peterson, Peter G, Peterson, Biden, Gary Schlossberg, Jennifer Timmerman, Gregory Daco, Bryan Mena, Jerome Powell, Instacart, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, AAA, AA, GOP, UAW, Wells, Investment Institute, Fed, Federal, Financial, Walmart Locations: New York, , Amazon
How much are you prepared to lose yourself in someone else’s pain? In the Opinion video above, Kaitlin Prest, an audio artist and podcaster acclaimed for her intimate explorations of her own life, leads viewers into the depths of her intense and complicated relationship with her younger sister, Natalie. Their bond, which the sisters also examined in a podcast series this year, is in many ways governed by Kaitlin’s emotional instability — a condition, she says in the video, in which “everything feels like an emergency.”Using tag-team narration complemented by animation and an elaborate soundscape, the sisters open up about their relationship, and about how a diagnosis of mental illness for Kaitlin helped bring them closer together.
Persons: Kaitlin Prest, Natalie, Kaitlin
On a drizzly August morning, Caroline Kennedy waded into the turquoise waters between two deserted islands in the South Pacific, trying not to scratch her feet on sprouts of coral. “Your father did this swim,” said her son, Jack Schlossberg. Together they stood in the Western Province of the Solomon Islands, facing a mile-long jaunt to an islet called Olasana — a place John F. Kennedy, Caroline’s father, landed almost exactly 80 years earlier as a junior Navy officer. Ms. Kennedy knew her swim offered just a glimpse of that ordeal. She was there on a short official visit as the U.S. ambassador to Australia.
Persons: Caroline Kennedy waded, , , Jack Schlossberg, John F, Kennedy, Caroline’s, Solomon Organizations: Navy, J.F.K, Solomon Islanders Locations: South, Western Province, Solomon Islands, U.S, Australia
John F. Kennedy and his brother Joseph Kennedy Jr, in 1945. JFK’s PT-109 was struck by a Japanese Imperial Navy destroyer in the early morning darkness of August 1, 1943. The swim between Olasana and Naru, which her father made multiple times, was recreated by Ambassador Kennedy on Wednesday. “This place made President Kennedy the man he was. “As a small token of our gratitude, I would like to present you with the last two PT Boat pins that I have, that belonged to President Kennedy,” she said.
Persons: John F, Kennedy, Caroline Kennedy, Joseph Kennedy Jr, Jack Schlossberg, , ” Schlossberg, JFK’s, Ambassador Kennedy, Biuku, Eroni Kumana, , , ” Caroline Kennedy, JFK, Kumana, one’s Organizations: CNN, US Navy, United, United States ’, Hulton, Twitter, Imperial Navy, Allies, JFK, Navy, Marine Corps, Solomon, Arlington National Cemetery Locations: United States, Australia, Solomon Islands, Dallas, Arlington, Virginia
Here's why there's lots of angst against Ford these days
  + stars: | 2023-07-27 | 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 EmailHere's why there's lots of angst against Ford these daysBoris Schlossberg, managing director at BK Asset Management, joins 'The Exchange' to discuss Ford's EV F150 rollout struggles, the case for a long-term hold of Exxon, and Roku's big bet to develop in-ad shopping.
Persons: Boris Schlossberg Organizations: BK Asset Management, Exxon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese government bonds look attractive to foreign investors as yuan weakens: StrategistGary Schlossberg of the Wells Fargo Investment Institute discusses the challenges China faces in its growth, but says a weakening yuan and low inflation spur appetite for Chinese government bonds amongst foreign investors.
Persons: Gary Schlossberg Organizations: Wells, Investment Institute Locations: China
3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. Elsewhere, RTX reported second-quarter earnings that topped Wall Street expectations, posting $1.29 in adjusted earnings per share on $18.32 billion in revenue. The home appliance company posted revenue of $4.79 billion, lower than the consensus estimate of $4.82 billion, according to Refinitiv. It did beat on earnings expectations, reporting adjusted earnings of $4.21 per share, higher than the $3.76 estimate. The company notched adjusted earnings per share of $3.29, while analysts estimated $2.70 per share.
Persons: Refinitiv, RTX, it's, Biogen, Morgan Stanley, FactSet, General Motors, Invesco, Andrew Schlossberg, BTIG, Sherwin, Williams, Yun Li, Samantha Subin, Sarah Min, Tanaya Macheel, Brian Evans, Alex Harring Organizations: Spotify, Alaska Air, Pratt & Whitney, Airbus, General, GE, Whirlpool, Revenue, LG Electronics, LG Energy, GM, Refinitiv, UPS, Teamsters, Xerox –, Xerox, Packaging Corp, America, Secure
Jack Kennedy Schlossberg, 30, is the grandson of John F. Kennedy and the son of Caroline Kennedy. Schlossberg is on track to follow the family tradition of becoming a lawyer. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Jack Kennedy Schlossberg is the 30-year-old grandson of President John F. Kennedy and the son of Caroline Kennedy. Here's what you need to know about Jack Schlossberg.
Persons: Jack Kennedy Schlossberg, John F, Kennedy, Caroline Kennedy, Schlossberg, He's, he's, Jack Schlossberg Organizations: Service Locations: Wall, Silicon
In 1928, Joseph Kennedy bought a white-shingled cottage in Hyannis Port, Massachusetts, for $25,000. The main home in the Kennedy family compound in Hyannis Port, Mass. AP/Stew MilneHyannis Port became a homeBefore the Kennedys rolled into Hyannis Port, they had trouble establishing a summer home in coastal Massachusetts. Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, John F. Kennedy and Jean Kennedy play footballl while on vacation at the Kennedy compound in June 1953 in Hyannis Port, Massachusetts. (His father stayed in his Hyannis Port bedroom for five days listening to classical music when he heard the news.)
Persons: Joseph Kennedy, Kennedy, It's, , Royce, Kate Storey, Joseph, John, Robert, John F, Robert F, Kennedy Jr, Robert's, John Kennedy, Carolyn Bessette, Saoirse Kennedy, Storey —, Stone —, it's, Stew Milne, Rose, Honey Fitz, Fitzgerald, Boston, Storey, Gloria Swanson, Franklin D, Roosevelt, Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, Jean Kennedy, footballl, Hy Peskin, Eunice, John's, Ethel, Jacqueline, Rosemary Kennedy, Joseph Jr, Kathleen, Robert Jr, Bobby Shriver, Joseph P, Ted Kennedy's, John Jr, Caroline, Jackie, Maria Shriver, Arnold Schwarzenegger, Caroline Kennedy's, Edwin A, Pat, Ted, what's Organizations: Service, Hyannis Port, Kennedy Hyannis Museum, Stone, Stew Milne Hyannis Port, Catholic, Hollywood, Big, Senate, Democrat, Kennedys, Big House, Kennedy Library Foundation, Democratic, Getty, Camelot Locations: Hyannis Port , Massachusetts, Boston, Hyannis, Cod, Hyannis Port, Hyannis Port ,, Stew Milne Hyannis, Massachusetts, Palm Beach , Florida
Three stocks making moves post-earnings: AMAT, DE, and FL
  + stars: | 2023-05-18 | 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 EmailThree stocks making moves post-earnings: AMAT, DE, and FLBoris Schlossberg, managing director of FX strategy at BK Asset Management, joins 'The Exchange' to discuss stocks making moves after earnings, with a focus on Applied Materials, Deere, and Foot Locker.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle was CNBC's Stock Draft's best pick, says BK Asset Management's Boris SchlossbergBoris Schlossberg, ​​BK Asset Management managing director, joins 'Power Lunch' for Three Stock Lunch to recap the good, the bad, and the overlooked of CNBC's Stock Draft.
Three-Stock Lunch: SNAP, DKS and DAL
  + stars: | 2023-03-07 | 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 EmailThree-Stock Lunch: SNAP, DKS and DALBoris Schlossberg, BK Asset Management managing director, joins 'Power Lunch' to discuss three favorable stocks to invest in during the current market downturn.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed getting closer to terminal rate will taper the dollar rally, says BK Asset's Boris SchlossbergBoris Schlossberg, managing director at BK Asset Management, joins 'The Exchange' to discuss the surprising strength of Monster Beverages' stock, strengthening currency implications on equities and international stocks benefiting from central bank policies.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Boris Schlossberg favors Applied Materials on a long-term basisBoris Schlossberg, BK Asset Management managing director of FX strategy, joins ‘Power Lunch’ to discuss his take on John Deere, DoorDash and Applied Materials.
Steer clear of DoorDash,says Boris Schlossberg
  + stars: | 2023-02-16 | 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 EmailSteer clear of DoorDash,says Boris SchlossbergShares of DoorDash have surged more than 20 percent this week. However, Boris Schlossberg, BK Asset Management managing director of FX strategy, warns investors to stay away from it.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohn Deere is a long-term play for me, says BK Asset Management’s Boris SchlossbergBoris Schlossberg, BK Asset Management managing director of FX strategy, and CNBC's Seema Moody join ‘Power Lunch’ to discuss John Deere ahead of Friday’s earnings reports.
Earnings Exchange: HAL, DHI & JNJ
  + stars: | 2023-01-23 | 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 EmailEarnings Exchange: HAL, DHI & JNJBoris Schlossberg, BK Asset Management managing director of FX strategy, joins 'The Exchange' to discuss a few stocks ahead of earnings, including Halliburton, D.R. Horton and Johnson & Johnson.
Three-Stock Lunch: COST, DAL & FCX
  + stars: | 2023-01-06 | 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 EmailThree-Stock Lunch: COST, DAL & FCXBK Asset Management's Boris Schlossberg joins 'Power Lunch' to look at three stocks: Costco, Delta Airlines and Freeport-MacMoRan.
Earnings Exchange: FDX & NKE
  + stars: | 2022-12-20 | 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 EmailEarnings Exchange: FDX & NKEBoris Schlossberg, BK Asset Management, joins ‘The Exchange’ to discuss a few stocks ahead of earnings, including: FedEx and Nike.
Three-Stock Lunch: Tyson, Wynn Resorts and Microsoft
  + stars: | 2022-11-28 | 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 EmailThree-Stock Lunch: Tyson, Wynn Resorts and MicrosoftBoris Schlossberg, BK Asset Management managing director, joins 'Power Lunch' to discuss his investing take on three stocks: Tyson, Wynn Resorts and Microsoft.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI would be very surprised if we see any 75 bps rate hikes this cycle, says BK's SchlossbergBoris Schlosssberg, foreign exchange strategy managing director at BK Asset Management, joins 'Power Lunch' to discuss if we've seen the strength of the dollar peak, some of the names that could stand to benefit today and more.
Friday's three stock lunch: DKNG, SBUX and SQ
  + stars: | 2022-11-04 | 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 EmailFriday's three stock lunch: DKNG, SBUX and SQBoris Schlossberg, managing director of FX strategy at BK Asset Management, joins ''Power Lunch" to share his three stock lunch picks: DraftKings, Starbucks, and Block Inc.
Three Stock Lunch: Tesla, Alibaba and Starbucks
  + stars: | 2022-10-24 | 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 EmailThree Stock Lunch: Tesla, Alibaba and StarbucksBoris Schlossberg, BK Asset Management, joins 'Power Lunch' to discuss his investing take on three stocks: Tesla, Alibaba and Starbucks.
Despite running a major fashion retailer for four decades, Ortega is intensely private — there were no public photographs of him until 1999, and in 2012, Bloomberg noted that he had only ever granted interviews to three journalists. One Zara employee who worked with him told The Economist in 2016 that "the true story of Amancio Ortega has not been told." Amancio Ortega in 2013. Europa Press/Europa Press via Getty ImagesSource: Bloomberg, The EconomistAshley Lutz, Mallory Schlossberg, and Melissa Wiley contributed to an earlier version of this story.
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