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☆ Trump's win is already scrambling supply chains
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.

Persons: Donald Trump's, —, Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam

☆ One week later – A look at the Trump trades gaining momentum and those that are fading
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.

Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo

☆ Here's how much more laptops, TVs, and smartphones could cost under Trump's proposed tariffs, consumer group says
▼ + stars: | 2024-11-12 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Americans' favorite tech gadgets could surge in price under Donald Trump's proposed tariffs, per a new report. An October report on consumer technology found laptops, smartphones, and TVs would surge in price. Under Trump's tariffs, the average price of laptops and tablets could skyrocket 45%, jumping an additional $200-$350 from their current prices, the CTA report found. AdvertisementUnder Trump's tariffs, video game consoles, meanwhile, could cost nearly $250 more than they currently do, and monitors could increase by more than $100, the report found. Televisions will see a 9% increase in consumer price, costing an additional $48 on average, according to the CTA report.

Persons: Donald Trump's, —, Trump, Gary Shapiro, International Trade Ed Brzytwa Organizations: Service, Consumer Technology, EVs, Cato Institute, CTA, Reuters, Consumer Technology Association, World, Census Bureau, Global, International Trade Locations: China

SKIP AHEAD Best eco-friendly laundry detergents | How to shop for eco-friendly laundry detergent | Why trust NBC Select? How I picked the best eco-friendly laundry detergentsTo highlight the best eco-friendly laundry detergents, I spoke with cleaning and laundry experts. The best eco-friendly laundry detergentsWith expert guidance in mind, this list includes eco-friendly laundry detergents that meet the EPA’s Safer Choice Standard, earned the EWG Verified mark or both. How to shop for eco-friendly laundry detergentShopping for eco-friendly laundry detergent involves many of the same considerations you’ll want to make when purchasing any type of laundry detergent. Though any ecolabel is a good option, experts primarily recommend looking for the following two when shopping for eco-friendly laundry detergent.

Persons: They’re, Sarah Paiji Yoo, Paiji Yoo, Marilee Nelson, Nelson, Carlyanne Brown, Brown, ”, ecolabels, ecolabel, “, ” It’s, Malin, Cory Fernandez Organizations: NBC, U.S . Environmental Protection Agency, EPA, Dirty, Environmental, Grove, PVA, Facebook, Twitter

TOKYO — Lawmakers in Japan voted Monday to retain the embattled Shigeru Ishiba as prime minister despite his long-governing party’s dismal showing in parliamentary elections last month. Ishiba, a straight-talking former defense minister, received 221 votes compared with 160 for Yoshihiko Noda, leader of the opposition Constitutional Democratic Party. Many Japanese officials assume Trump is going to be “more straightforwardly anti-China,” and that Japan will be “somehow miraculously left off the hook,” he said. Though Japan has already pledged to double defense spending to 2% of gross domestic product by 2027, “that’s probably not going to be enough to satisfy Trump,” Boling said. While Abe was “extraordinarily skillful” in dealing with Trump, Ishiba has a different personality, Boling said.

Persons: Shigeru Ishiba, Ishiba, Donald Trump, Yoshihiko Noda, ” Ishiba, Yuichi Yamazaki, Trump, Koichi Nakano, Shinzo Abe, ” Nakano, David Boling, “ that’s, ” Boling, Joe Biden, Kamala Harris, Takahiro Mori, Abe, Boling, “, I’m, Jeff Kingston, ” Kingston, Arata Yamamoto, Jennifer Jett, Peter Guo Organizations: Lawmakers, Liberal Democratic Party, Constitutional Democratic Party, Getty, Trump, Japan Relations, NBC News, U.S, Eurasia Group, Nippon, Pittsburgh, . Steel, Democratic, Nippon Steel, United Steelworkers, ”, Japan Locations: TOKYO, Japan, Washington, Tokyo, China, Russia, North Korea, U.S, York, Japanese, Pittsburgh, ” Japan, United States, Temple, Hong Kong

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Dell and more
▼ + stars: | 2024-11-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Piper Sandler names Nvidia a top pick The firm said Nvidia is a new top pick. Morgan Stanley reiterates Dell as overweight Morgan Stanley raised its price target on Dell to $154 per share from $136. Morgan Stanley reiterates Nvidia as overweight The firm raised its price target on Nvidia to $160 per share from $150. Wedbush reiterates Tesla as outperform The firm said Tesla remains well positioned. "We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years."

Persons: Wedbush, Piper Sandler, Bernstein, BURL, Morgan Stanley, Dell, DELL, Wolfe, underperform Wolfe, We've, WBD, Blackwell, Cabot, Tesla, Raymond James downgrades Bloomin, Raymond James Organizations: UBS, Vale, Nvidia, Blackwell, Citi, Apple, JPMorgan, Dell, Warner Bros, NBA, Deutsche Bank, Cisco, Orion, Trump White House, Bank of America Locations: China, Burlington, Brazil

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

☆ US vs. Chinese replenishment ships: The workhorses that keep aircraft carriers operating
▼ + stars: | 2024-11-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

Yet for all their importance, their missions would be impossible if not for the US Navy's unsung workhorses: replenishment ships. But replenishment ships also form the weakest link in the chain of American and Chinese carrier groups. Chow Chung-yan/South China Morning Post via Getty ImageChina's replenishment shipsThe US Navy has over 100 years of experience building and operating replenishment ships. Ultimately, the Chinese opted to pursue a new design for its next replenishment ships: the Type 903-class oiler. China has the largest shipbuilding industry in the world, however, enabling it to quickly build more oilers and convert some of its merchant ships into replenishment ships.

Persons: —, Jason R, Henry J, Kaiser refuels, Kenan O'Connor, Kaiser, Lewis, Clark, Dwight D, Eisenhower, Cole Keller, John Lewis, Harvey Milk, Earl Warren —, USNS Robert F, Kennedy, Chow Chung, Michael Singley, Chaganhu, Benjamin Brimelow Organizations: Service, US, Supply, Military Sealift Command, US Navy, Military Sealift Command's Combat Logistics Force, MSC, FAS, USNS Supply, Navy, General Dynamics, USNS, General Dynamics's National Steel and Shipbuilding Company, China Morning, Soviet Navy, NATO, USS Supply, Japanese Ministry of Defense, Sealift Command, Big, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: China, Red, Getty, Ukraine, Gulf, Aden, Shandong, Taiwan, Guam, South China, Pacific, USNS Pecos, Israel, Iran, West

☆ Death toll rises to 24 in powerful suicide bombing at rail station in southwestern Pakistan
▼ + stars: | 2024-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

A suicide bomber blew himself up at a train station in restive southwestern Pakistan on Saturday, killing at least 24 people, including security officers, and wounding about 50 others, some critically, officials said. A separatist group, the Balochistan Liberation Army, claimed the attack in a statement, saying a suicide bomber targeted troops present at the railway station. Police said about a dozen security forces are also among the dead. The group often demands the halt of all Chinese-funded projects and for workers to leave Pakistan to avoid further attacks. Last month, BLA claimed responsibility for a suicide bombing that targeted a convoy with Chinese nationals outside the Karachi airport, killing two.

Persons: Hamza Shafqaat, Ayesha Faiz, Shahid Rind, Shehbaz Sharif, BLA Organizations: Balochistan Liberation Army, Islamabad . Police, Baloch, Initiative Locations: restive, Pakistan, Rawalpindi, Quetta, restive Balochistan, Balochistan, Islamabad, Beijing’s, Karachi, Beijing

☆ Top trader Vitol eyeing metals market as global oil demand set to peak in 10 years, CEO signals
▼ + stars: | 2024-11-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world's largest independent energy trader. In contrast to the eventual decline of the crude industry, metals business is going to witness a "great deal of growth through the electrification phase," he added. "So we quite like the idea of being involved in the bigger metal markets. And the three bigger metal markets are steel and iron ore, copper and aluminum," he said. In August, Vitol announced its acquisition of Noble Resources, a Hong Kong-based trader specializing in oil, coal and metallurgical coke, which is used to make iron.

Persons: Russell Hardy, Hardy, Vitol Organizations: Vitol, Financial Times Commodities, Noble Resources, Reuters Locations: SINGAPORE, Singapore, Hong Kong, Mercuria

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ Trump trades: Using the 2016 Trump rally stocks as a playbook for what to buy now
▼ + stars: | 2024-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.

Persons: Donald Trump, —, Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland

Next door in the 7th District, GOP state Rep. Ryan Mackenzie defeated Democratic Rep. Susan Wild, who had flipped a GOP seat in a 2018 special election. Republicans also flipped an open seat in Michigan’s 7th District, after Democratic Rep. Elissa Slotkin decided to run for the Senate. Because California is notoriously slow in counting ballots, some of the half-dozen hyper-competitive races there — critical to which party wins the House majority — likely will take days. In the 27th District, GOP Rep. Mike Garcia was narrowly beating Democrat George Whitesides with 65% of the vote in. In another California battleground race, NBC News projected Wednesday that GOP Rep. Kevin Kiley has defeated Democrat Jessica Morse.

Persons: Donald Trump, Will Trump, that’s, Kamala Harris, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, Ezra Levin, Brendan Boyle, it's, ”, ” Boyle, “ Trump, Harris, Brandon Williams, Marc Molinaro, Josh Riley, Rob Bresnahan, Matt Cartwright, Ryan Mackenzie, Susan Wild, Wild, Elissa Slotkin, Nick Begich, Mary Peltola, Juan Ciscomani, Kirsten Engel, David Schweikert, Don Bacon, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Michelle Steel, Derek Tran, Ken Calvert, Will Rollins, Kevin Kiley, Jessica Morse Organizations: WASHINGTON, Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Biden, Congressional, Democratic, ”, Democrats, GOP, Empire State, NBC, Republican, Democratic Rep, GOP Rep, Central Valley’s, Democrat, District, longtime GOP, Rep Locations: West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Greenland, Syracuse, Empire, Pennsylvania’s, District, Michigan’s 7th, Alaska’s, In Arizona, Nebraska, California

To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

Pennsylvania Senate: Although Trump is projected to win Pennsylvania, the Senate race there is still too close to call. Colorado's 8th District: Democratic Rep. Yadira Caraveo is locked in a tight race in the Denver suburbs against Republican state Rep. Gabe Evans. Ohio's 9th District: Democratic Rep. Marcy Kaptur is locked in an extremely tight race with GOP state Rep. Derek Merrin. Texas' 34th District: Democratic Rep. Vicente Gonzalez faces a rematch against former GOP Rep. Mayra Flores, with Gonzalez slightly ahead. Washington's 4th District: Republican Rep. Dan Newhouse narrowly leads Republican former NASCAR driver Jerrod Sessler.

Persons: Donald Trump, Trump, Kamala Harris, Ruben Gallego, Kari Lake, Gallego, outperforming Harris, Lake, Mike Rogers, Elissa Slotkin, Rogers, Slotkin, Democratic Sen, Debbie Stabenow, Jon Tester, Tim Sheehy, Republican Sam Brown, Jacky Rosen, Republican Joe Lombardo, Catherine Cortez Masto, Bob Casey, Republican Dave McCormick, Tammy Baldwin, Eric Hovde, Baldwin, Republican Nick Begich, Mary Peltola, David Schweikert, Shah, Juan Ciscomani, Sen, Kirsten Engel, Kevin Kiley, Jessica Morse, Josh Harder, Stockton Mayor Kevin Lincoln, John Duarte, Democrat Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Bill Clark, Republican Scott Baugh, Dave Min, Mike Levin, Matt Gunderson, Lauren Boebert's, Adam Frisch, Boebert, Republican Jeff Hurd, Gabe Evans, Frank Mrvan, Republican Randell Niemeyer, Republican Mariannette Miller, Meeks, Christina Bohannan, Jared Golden, Austin Theriault, David Trone's, Frederick, April McClain Delaney, John Delaney, Republican Neil Parrott, Monica Tranel, Ryan Zinke, Harris, Don Bacon, Tony Vargas, North, Don Davis, Republican Laurie Buckhout, Gabe Vasquez, Yvette Herrell, Susie Lee, Drew Johnson, Steven Horsford, North Las Vegas Mayor John Lee, Anthony D'Esposito, Laura Gillen, Josh Riley, Marc Molinaro, Marcy Kaptur, Derek Merrin, Janelle Bynum, Lori Chavez, Andrea Salinas, Mike Erickson, Salinas, Erickson, Ryan McKenzie, Susan Wild, Scott Perry, Janelle Stelson, Vicente Gonzalez, Mayra Flores, Gonzalez, Democrat Eugene Vindman, Republican Derrick Anderson, Vindman, Alexander Vindman, Volodymyr Zelenskyy, Marie Gluesenkamp Perez, Republican Joe Kent, Dan Newhouse, Jerrod Sessler, Sessler, Newhouse, Kim Schrier, Carmen Organizations: Republican Party, NBC, Arizona, Democratic, Marine, Lake, Michigan, GOP, Democratic Rep, Nevada Senate, Republican, Senate, Pennsylvania, . Wisconsin Senate, Republicans, Democrat, California Natural Resources Agency, Stockton Mayor, Capitol, NASA, Virgin Galactic, Democrats, Democratic Army, Inc, Getty, Colorado's, Gary, Miller, Maine's, Rep, NASCAR, Commerce Department, District, Republican Rep, Army, Mexico's, North Las Vegas Mayor, New York's, Ohio's, Freedom Caucus, Trump, Ukrainian Locations: Michigan, Arizona, Nevada, Alaska, Debbie Stabenow . Montana, Montana, Pennsylvania, Washington, California, Phoenix, District, Tucson, California's, Sacramento, Central Valley, Southern California, Riverside County, Colorado's, Denver, Indiana's, Iowa's, Maryland's, Nebraska's, Omaha, North Carolina's, Nevada's, Las Vegas, Oregon's, Pennsylvania's, Texas, Virginia's, Washington's

☆ Neft Daşları: The Soviet-era oil rig city ‘floating’ in the Caspian Sea
▼ + stars: | 2024-11-06 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

He kept hearing about this secretive city, sprawled like floating, rusting tentacles across the Caspian Sea, far from the nearest shoreline. Oil production on Neft Daşları in 2011. Gahramanli’s organization has been raising concerns about pollution from Neft Daşları for years, including reports of untreated wastewater being pumped into the Caspian Sea. Neft Daşları oil rig and industrial settlement in the Caspian Sea on September 6, 2023. “After its oil supplies run out, Neft Daşları will probably become a tourism magnet,” Shaffer said.

Persons: Marc Wolfensberger, Neft Daşları, ”, CNN Neft, Wolfensberger, Mirvari Gahramanli, ” Gahramanli, Daşları, Maxim Shipenkov, Brenda Shaffer, Gahramanli, SOCAR, derrick, Neft, ” Shaffer, “ It’s, “ Organizations: CNN, Oil, CNN Seven, Oil - Workers Rights Protection Organization, US Naval Postgraduate School, Facebook, United Nations, Global Locations: It’s, Azerbaijan’s, Baku, Soviet, Azerbaijan, Caspian

☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Coinbase, Planet Fitness and more
▼ + stars: | 2024-11-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Crypto stocks — Cryptocurrency-related names soared after investors bet that a Trump presidency would lead to a more supportive regulatory environment. Cannabis stocks — Shares of cannabis companies dropped after voters rejected a Florida ballot measure to legalize the sale and use of marijuana in the state. Dollar Tree and Dollar General also respectively lost more than 6% and 5%. Steel stocks — U.S.-based steel stocks rallied on the back of Trump's victory. Shares of Nucor and Cleveland-Cliffs respectively rallied 16% and 20%, while United States Steel climbed 8%.

Persons: Donald Trump, Donald Trump's, Trump, Tesla, bitcoin, Goldman Sachs, Wells, Joe Biden's, Sunrun, Wegovy, CoreCivic, Trump's, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min, Samantha Subin Organizations: Republican, Trump Media & Technology, Bank, Citigroup, Bank of America, Wells Fargo, CVS Health, CVS, Trump, SolarEdge Technologies, Enphase Energy, Novo Nordisk —, Novo Nordisk, — Geo, White, Aurora Cannabis, —, CNBC, Holdings, Steel, U.S, Cliffs, United States Steel Locations: Novo Nordisk — U.S, Danish, Florida, Tilray, U.S, Canada, China, Cleveland

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Trump victory edition
▼ + stars: | 2024-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Donald Trump, Tesla, Elon Musk, Trump, Gary Gensler, Jim Cramer's, Jim Cramer, Jim Organizations: NBC, Senate, Treasury, Federal Reserve, Trump, Tesla, Club, Justice Department, Apple, DOJ, FTC, Microsoft, Taiwan Semiconductor Manufacturing Company, SEC, Jim Cramer's Charitable, CNBC Locations: China, Taiwan, Mexico

☆ A Trump win could have a 'negative impact' on these 3 stocks due to tariff risks, says TD Cowen analysts
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Three global alcoholic beverage makers are likely to see a "negative impact" from a Republican victory in the U.S. election due to the potential for trade tariffs, according to TD Cowen analysts. Guinness maker Diageo would be one of the companies to be impacted by a "smaller degree," according to the bank's analysts. These tariff measures were relaxed by the EU in early 2022, but are expected to be reinstated and doubled to 50% in 2025. STZ 5Y line Diageo Tariffs could "hit multiple areas of the business" at Diageo, TD Cowen analysts said. The company, which makes the Don Julio tequilas in Mexico, has nearly a quarter of its total sales in the U.S. reliant on tariff free trade at the southern border.

Persons: Cowen, Jack Daniel's, Brown, Forman, Donald Trump, Cowen's Robert Moskow, BF.B, Don Julio tequilas, DEO Organizations: Republican, Canada's, Dominion Bank, Constellation Brands, Guinness, Diageo, European Union, EU, Constellation, Corona, Trump Locations: U.S, Canada's Toronto, Corona, Mexico

☆ Elevator test towers: The skyscrapers where nobody lives
▼ + stars: | 2024-11-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Elevator test towers can go higher still. Elevator test towers are “a bit like a test track for a Formula One team,” said Tomio Pihkala, chief technology officer at Finnish elevator manufacturer Kone, in a phone interview. Like all skyscrapers, elevator towers need to withstand strong winds that can cause swaying and affect test conditions. The resulting oscillation simulates wind and earthquakes, which are among the biggest challenges in elevator development, according to TK Elevator. One of TK Elevator's test towers in Atlanta, Georgia.

Persons: It’s, Sebastian Gollnow, ”, Tomio Pihkala, Xia Yu, ” Pihkala, “ It’s, “, Kone, TK, ” Beate Höhnle Organizations: CNN, Getty, New York, Trade Center, Atlanta —, Battery, Atlanta Braves, Hitachi, New York City —, Formula, Kone Locations: Black, Rottweil, New, Atlanta, Zhongshan, China, of, Guangzhou, New York City, LA, Taipei, Hyvinkää, Finland, Kunshan, Tytyri, Atlanta , Georgia, Swiss

☆ The world prepares for a fresh era of tariffs under Trump 2.0
▼ + stars: | 2024-11-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.

Persons: Donald Trump's, Trump, —, Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico

Tecoluca, El Salvador CNN —Sunlight pours into the cavernous building. Opened less than two years ago, it is already an iconic feature of the “new El Salvador” of President Nayib Bukele. The cells are meticulously clean — an intentional and stark contrast to the dingy and squalid prisons of El Salvador’s past. He even created his own clique, “Crazy Criminals,” now tattooed across his back, after he returned to El Salvador. Critics inside and outside El Salvador question the veracity of the government’s crime data and claimed success over the gangs.

Persons: El Salvador ”, Nayib Bukele, ”, Cecot, Belarmino, Gustavo Villatoro, “, El Salvador —, ‘, Marvin Vásquez, he’s, —, Vásquez, ” Vásquez, “ Rob, it’s, “ It’s, García, Bukele, ” Bukele, …, Juan Carlos Sánchez, Belarmino García, David Culver, Evelio Contreras, Cecot’s García, El, Salvador Molinas, Molina, we’ve Organizations: El Salvador CNN, El, CNN, Central American, Barrio, Law Foundation, Bukele Locations: El Salvador, El Salvador’s, El, Los Angeles, Cecot, America, San Salvador

WASHINGTON — Americans are poised to elect a new Congress, with control of both chambers at stake as every seat in the House of Representatives and one-third of the Senate is up before voters on Election Day. Republicans favored to win the SenateIn the Senate, Democrats currently have a 51-49 edge, but Republicans are favored to capture the majority. They’re all but guaranteed to win an open seat in ruby-red West Virginia, with Democrat-turned-independent Sen. Joe Manchin retiring. If Harris wins, Republicans will need one more seat in addition to West Virginia to capture the Senate. In New York, Republicans are defending four seats they flipped in 2022, propelling them to win the House majority.

Persons: Kamala Harris, Donald Trump, Sen, Joe Manchin, JD Vance, Harris, Democratic Sens, Jon Tester, Sherrod Brown, Trump, Tim Sheehy, Bernie Moreno, Bob Casey, Debbie Stabenow, Tammy Baldwin, Krysten Sinema, Jacky Rosen, ’, Ted Cruz, Rick Scott, Dan Osborn, Republican Sen, Deb Fischer, Cook, Marc Molinaro, Mike Lawler, Anthony D’Esposito, Brandon Williams, D’Esposito’s, Williams, Laura Gillen, John Mannion, ”, Pat Ryan, Republican Alison Esposito, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Hakeem Jeffries, Suzan DelBene, We’ve, ” DelBene, Joe Biden, Kevin McCarthy, Johnson, ” Johnson Organizations: Senate, Democrats, Democrat, GOP, Trump, Democratic, Republican, Republicans, Rep, House Democratic, ”, NBC News, Treasury Department, White House, Congress, Affordable Locations: WASHINGTON, West Virginia, R, Ohio, Montana and Ohio, Pennsylvania, Michigan, Wisconsin, Arizona, Nevada, Texas, Florida, Nebraska, New York, California, Hudson, D, Pennsylvania , Michigan, Arizona , Nevada, Pacific

This year, Kaptur is facing GOP state Rep. Derek Merrin. West VirginiaGovernor: GOP state Attorney General Patrick Morrisey is the heavy favorite to fill the seat being left open by GOP Gov. 5th Congressional District: Democratic Rep. Jahana Hayes has a rematch against former GOP state Sen. George Logan in this western Connecticut district. 7th Congressional District (Allentown): Democratic Rep. Susan Wild is running against GOP state Rep. Ryan McKenzie. She is facing Democratic state Rep. Janelle Bynum.

Persons: Anna Paulina Luna, Democrat Whitney Fox, Maria Elvira Salazar, Lucia Baez, Geller, Republican Sen, Mike Braun, Jennifer McCormick, Jim Banks, Braun, Valerie McCray, Frank Mrvan, Joe Biden, Randell Niemeyer, Phil Scott, Esther Charlestin ., Independent Sen, Bernie Sanders, Gerald Malloy, Democratic Sen, Tim Kaine, Republican Hung Cao, Biden, Jen Kiggans, Elaine Luria, Missy Cotter Smasal, Eugene Vindman, Derrick Anderson, Abigail Spanberger, Vindman’s, Alexander Vindman, Trump’s, Spanberger, Josh Stein, Mark Robinson, Robinson, Sen, Rachel Hunt, Jim Hunt, Hal Weatherman, Jeff Jackson, Republican Dan Bishop, Elaine Marshall, Republican Chad Brown, Don Davis, Laurie Buckhout, Davis, Sherrod Brown, Trump, Brown, Bernie Moreno, Greg Landsman, Orlando Sonza, Marcy Kaptur, Derek Merrin, Emilia Sykes, Kevin Coughlin, Patrick Morrisey, Jim Justice, Democrat Steve Williams, Joe Manchin, Wheeling Mayor Glenn Elliot, Republican Kris Warner, State Mac Warner, Democrat Thornton Cooper, Caroleene Dobson, Chris Murphy, Matt Corey, Jahana Hayes, George Logan, Hayes, Logan, Lisa Blunt Rochester, Ben Cardin, Republican Eric Hansen, Blunt Rochester, Matt Meyer, Michael Ramone, Sarah McBride, GOP Sen, Rick Scott, Debbie Mucarsel Powell, Scott, Eric Sorensen, Joseph McGraw, Sharice Davids, Prasanth Reddy, Angus King, David Costello, Demi Kouzounas ., Jared Golden, Austin Theriault, Angela Alsobrooks, Prince George’s, Larry Hogan ., April McClain Delaney, John Delaney, Republican Neil Parrott, David Trone, Elizabeth Warren, Republican John Deaton, Hillary Scholten, Republican Paul Hudson ., Tom Barrett, Curtis Hertel ., Dan Kildee, Kristen McDonald, Paul Junge ., John James eked, James, Democrat Carl Marlinga, Roger Wicker, Ty Pinkins, Josh Hawley, Lucas Kunce, Mike Kehoe, Crystal, Kelly Ayotte, Democrat Joyce Craig, Chris Sununu ., Chris Pappas, Republican Russell Prescott, Annie Kuster, Lily Tang Williams, Maggie Goodlander, Jake Sullivan ., Bob Menendez’s, Andy Kim, Republican Curtis Bashaw ., Tom Kean Jr, Kean, Sue Altman, Bob Casey, Republican Dave McCormick, Mehmet Oz, Brian Fitzpatrick, Ashley Ehasz, Susan Wild, Ryan McKenzie, Wild, Matt Cartwright, Rob Bresnahan Jr, Scott Perry, Janelle Stelson, Chris DeLuzio, Rob Mercuri, Sheldon Whitehouse, Patricia Morgan, Marsha Blackburn, Gloria Johnson, Monica de la, Michelle Vallejo, Henry Cuellar, Jay Furman, Vicente Gonzalez, Mayra Flores, Kyrsten Sinema, Ruben Gallego, Kari Lake, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Ciscomani, Lauren Boebert’s, Adam Frisch, Republican Jeff Hurd ., Gabe Evans, Mariannette Miller, Meeks, Christine Bohananan, Zach Nunn, Lanon Baccam, Garret Graves, Debbie Stabenow’s, Elissa Slotkin, Mike Rogers, Amy Klobuchar, Republican Royce White, Angie Craig, Joe Teirab, Deb Fischer, Dan Osborn, Pete Ricketts, Ben Sasse’s, Sasse, Ricketts, Democrat Preston Love Jr, Don Bacon, Tony Vargas, Bacon, Martin Heinrich, Republican Nella Domenici, Yvette Herrell, Gabe Vasquez, Vasquez, Kirsten Gillibrand, Mike Sapraicone, Nick LaLota, Democrat John Avlon, Tom Suozzi, George Santos, Suozzi, Mike LiPetri, Anthony D’Esposito, Laura Gillen, D’Esposito, Mike Lawler, Mondaire Jones, Lawler, Sean Patrick Maloney, Pat Ryan, Alison Esposito, Marc Molinaro, Josh Riley, Molinaro, Brandon Williams, John Mannion, Kelly Armstrong, Merrill Piepkorn, Doug Burgum, Kevin Cramer, Katrina Christiansen, Roe, Ted Cruz, Colin Allred, Tammy Baldwin, Eric Hovde, Brian Steil, Peter Barca, Derrick Van Orden, Rebecca Cooke, John Barrasso, Democrat Scott Morrow, Jon Tester, Tim Sheehy, Greg Gianforte, Ryan Busse ., Ryan Zinke, Monica Tranel, Zinke, Jacky Rosen, Republican Sam Brown, Dina Titus, Republican Mark Robertson, Drew Johnson, Susie Lee, Steven Horsford, Republican John Lee, John Curtis, Mitt Romney, Curtis, Caroline Gleich, Spencer Cox, Brian King, Adam Schiff, Dianne Feinstein, Schiff, Republican Steve Garvey, Kevin Kiley, Jessica Morse, Republican Stockton Mayor Kevin Lincoln, Josh Harder, John Duarte, Democrat Adam Gray, Duarte, David Valadao, Rudy Salas, Mike Garcia, George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Democrat Will Rollins, Michelle Steel, Derek Tran, Republican Scott Baugh, Katie Porter, Dave Min, Porter, San Clemente, Mike Levin, Matt Gunderson, Val Hoyle, Monique DeSpain, Lori Chavez, Janelle Bynum, Andrea Salinas, Mike Erickson, Salinas, Bob Ferguson, Dave Reichert ., Marie Gluesenkamp, Perez, Republican Joe Kent, Dan Newhouse, Republican Jerrod Sessler, Newhouse, Kim Schrier, Carmen, Mazie, Bob McDermott, Mary Peltola, Nick Begich, Eric Hafner, John Howe Organizations: Congressional District, Democrat, Trump, Congressional, Miami, Dade County School Board, Georgia, House, Indiana Governor, Republican, Senate, GOP, District, Democratic, South, Vermont Governor, Republican Gov, Independent, Army, Virginia Senate, Navy, North Carolina Governor, Gov, Ohio Senate, Kaptur, Virginia Governor, GOP Gov, Huntington . 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☆ California 45th Congressional District Election Results 2024: Steel vs. Tran
▼ + stars: | 2024-11-05 | by ( ) www.nytimes.com time to read: 1 min

Representative Michelle Steel, a two-term Republican from Orange County, Calif., and the first Korean-American woman ever elected to Congress, is battling for re-election in a district President Biden won in 2020. She has floundered on the issues of reproductive rights and abortion and is facing off against Derek Tran, a lawyer, Army veteran and the son of Vietnamese refugees.

Persons: Michelle Steel, Biden, Derek Tran Organizations: Army Locations: Orange County, Calif

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