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TD Cowen's Andrew Charles shares his bull case for Chipotle
  + stars: | 2024-07-24 | 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 EmailTD Cowen's Andrew Charles shares his bull case for ChipotleAndrew Charles, Cowen, joins 'Closing Bell' to discuss Chipotle ahead of the company's earnings report.
Persons: Andrew Charles, Chipotle Andrew Charles, Cowen
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan
Andrew Cuomo and Kerry Kennedy's daughter, Mariah Kennedy Cuomo, got married over the weekend. She married Tellef Lundevall at the Kennedy compound in Hyannis Port, Massachusetts. On Saturday, Mariah Kennedy Cuomo married her longtime partner Tellef Lundevall, who quarantined with the Cuomo family in 2020. Kennedy Cuomo, 29, is Andrew Cuomo and Kerry Kennedy's middle child and the CEO of Socrates Social. Cuomo and Kerry, who were married from 1990 to 2005, also share Kennedy Cuomo's older twin sister, Cara, and their youngest, Michaela.
Persons: Andrew Cuomo, Kerry Kennedy's, Mariah Kennedy Cuomo, Tellef Lundevall, Kennedy, , Cuomo, Kennedy Cuomo, Socrates Social, Kerry, Cara, Michaela Organizations: Service Locations: Hyannis Port , Massachusetts
CNN —The ascension of Vice President Kamala Harris to become the presumptive Democratic presidential nominee in less than 48 hours is an unprecedented occurrence in American politics. Only four people in US history have won a presidential election as a sitting vice president. Back then, the vice president was the runner-up in the presidential election. In 1861, Vice President John Breckinridge oversaw the counting of electoral votes that made Abraham Lincoln president, at a time when Southern states seceded from the country rather than accept Lincoln’s 1860 victory. Vice President Richard Nixon narrowly lost the 1960 election to John F. Kennedy and oversaw the counting of electoral votes in 1961.
Persons: Kamala Harris, John Adams, Thomas Jefferson, Martin Van Buren, , Andrew Jackson, Van Buren, George H.W, George H.W . Bush, Ronald Reagan, Joe Biden, Barack Obama, Obama, Hillary Clinton, Donald Trump, Harris, John Breckinridge, Abraham Lincoln, Richard Nixon, John F, Kennedy, Nixon, Al Gore, George W, Bush Organizations: CNN, Democratic, Independence, White Locations: George H.W ., Southern
A team of international scientists has found that oxygen is being produced in complete darkness approximately 4,000 meters below the ocean's surface. An international team of scientists has discovered that oxygen is being produced by potato-shaped metallic nodules thousands of feet below the surface of the Pacific Ocean. A team of scientists led by Professor Andrew Sweetman at the U.K.'s Scottish Association for Marine Science found that oxygen is being produced in complete darkness approximately 4,000 meters (13,100 feet) below the ocean's surface. "For aerobic life to begin on the planet, there had to be oxygen and our understanding has been that Earth's oxygen supply began with photosynthetic organisms," Sweetman said. "But we now know that there is oxygen produced in the deep sea, where there is no light.
Persons: Andrew Sweetman, Sweetman Organizations: Nature Geoscience, Scottish Association for Marine Science
At 17, I was kicked out of high school because I skipped class to work at my fast-food job and hang out with my friends. I was always interested in the MarinesAfter getting kicked out of school, I enlisted in the Marine Corps. AdvertisementI got my GED and took 15 units of entry-level community college classes, like English 101 and US History. AdvertisementI left the military and began classes at a community collegeTragically, our first daughter died during birth. It's pretty amazing that a Black kid from a low-income family who didn't finish high school was able to achieve all of this.
Persons: , Andrew Hanson, I'd, Stanford, I've, they've, Lauryn Haas Organizations: Service, Business, Marines, Marine Corps, School of Infantry, Tragically, Stanford, Columbia, Department of Justice, Harvard University, Department of Veterans Affairs, Harvard Locations: Virginia, Chicago, Camp Pendleton , California, Iraq, New Orleans, California, Washington, Cambridge , Massachusetts, Skadden, Slate, lhaas@businessinsider.com
CNN —Ohio Sen. JD Vance, the Republican vice presidential nominee, repeatedly indicated in 2016 that he believed Donald Trump had committed sexual assault, even suggesting in one TV segment that in a “he said, she said” situation Trump was less credible than one of his accusers. And at the end of the day, do you believe Donald Trump, who always tells the truth? Vance then suggested that the lawsuit, and the people funding it, was not about justice but about politics. They don’t reflect his views on President Trump today and haven’t for many years.”Trump has repeatedly denied claims of sexual assault. Repeatedly indicated he thought Trump committed sexual assaultVance’s defense of Trump marked a striking shift from his remarks in 2016 in the wake of the leak of the “Access Hollywood” tape, which showed the Republican presidential candidate making lewd and sexually aggressive remarks about women.
Persons: Ohio Sen, JD Vance, Donald Trump, Trump, Vance, Jessica Leeds, , ” Trump, E, Jean Carroll, , CNN’s Wolf Blitzer, that’s, Russell Moore Organizations: CNN, Ohio, Republican, MSNBC, groping, Leeds, , Trump, Ohio Republican, US Senate, Facebook, Southern Baptist Convention Locations: Leeds
Before the members of the United States shooting team got a chance to fire their rifles, pistols and shotguns this month in the Paris Games, they had to get them there first. And while international air travel is already among the most universally exasperating experiences on earth, imagine doing it with a bunch of guns and ammunition in your luggage. “I’ve learned the hard way about saying, ‘Oh, this is going pretty smooth,’” said Sagen Maddalena, 30, an American rifle shooter who will be competing at her second Olympics this summer. “You can get there six hours before the flight leaves, and it feels like you’re running to the plane every time.”
Persons: “ I’ve, , Sagen Maddalena Organizations: United, Paris Games Locations: United States, American
Why some big money is holding out for nowAfter just one full day of campaigning, Vice President Kamala Harris has a glide path to the Democratic presidential nomination. The Harris campaign also said it had raised more than $100 million between Sunday afternoon and Monday evening. But some major Democratic donors, including Mike Bloomberg and the venture capitalist Vinod Khosla, have yet to endorse her. The concern is that if they support Harris too soon, they would appear to be anointing their party’s presidential candidate, rather than her earning it through a full democratic process. And Khosla posted on X, “An open process will allow everyone a chance to make their case and express their views.
Persons: Kamala Harris, Nancy Pelosi, Harris, Mike Bloomberg, Vinod Khosla, DealBook, don’t, Khosla, Organizations: Democratic, Bloomberg Locations: Chicago
On Sunday, almost immediately after prominent Democrats started endorsing Vice President Kamala Harris for president, attacks from the political right started pouring in. There were five others: George Washington, James Madison, Andrew Jackson, James Polk and James Buchanan. But more to the point, if you think that the concerns of parents and families will always be “abstract” to someone who doesn’t have children, you’re telling on yourself. It’s not simply that, by all accounts, Harris has a close, loving relationship with her stepkids. It should go without saying, but: Having children doesn’t necessarily make you a better person.
Persons: Kamala Harris, Will Chamberlain, Ron DeSantis’s, Harris, shouldn’t, , Harris wouldn’t, George Washington, James Madison, Andrew Jackson, James Polk, James Buchanan, Warren Harding, It’s, they’ll
CNBC Daily Open: Wall Street looks past political uncertainty
  + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire
Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."
Persons: , Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois
Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."
Persons: , Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois
Republican representatives on Monday called on CrowdStrike CEO George Kurtz to testify in front of the House Committee on Homeland Security, days after the company issued a faulty software update that crashed millions of Microsoft Windows devices. The outage caused disruptions across "key functions" of the global economy, including banking, aviation, health care, emergency services and media, the lawmakers said. Kurtz said Friday that the outage was not a cyberattack or security incident, and CrowdStrike deployed a fix that day. Green and Garbarino asked CrowdStrike to set up a hearing with the Subcommittee on Cybersecurity and Infrastructure Protection by Wednesday at the latest. CrowdStrike and Microsoft did not immediately respond to CNBC's request for comment.
Persons: George Kurtz, Mark Green, Andrew Garbarino, Garbarino, Kurtz, CrowdStrike Organizations: Microsoft Corp, Homeland Security, Microsoft, Protection Locations: New Delhi, India, U.S
It’s also possible, these scientists warn, that deep-sea mining could disrupt the way carbon is stored in the ocean, contributing to the climate crisis. A documentary about deep-sea mining that Sweetman watched in a hotel bar in São Paulo, Brazil, unleashed a breakthrough. However, several countries, including the United Kingdom and France, have expressed caution, supporting a moratorium or ban on deep-sea mining to safeguard marine ecosystems and conserve biodiversity. Earlier this month, Hawaii banned deep-sea mining in its state waters. Many unanswered questions remain about how dark oxygen is produced and what role it plays in the deep-sea ecosystem.
Persons: Andrew Sweetman, they’re, , Sweetman, , SAMS, I’ve, , Franz Geiger, ’ ”, Geiger, Charles E, Emma H, Morrison, Daniel Jones, Beth Orcutt, Orcutt, Craig Smith, Smith, Camille Bridgewater, Hawaii’s Smith, ” Geiger, Diva Amon, ” Sweetman Organizations: CNN, Clarion, Scottish Association for Marine Science, Nature, NHMDeepSea, SMARTEX, International, Authority, UN, AA, Northwestern University, Northwestern’s Weinberg College of Arts and Sciences, National Oceanography, Bigelow Laboratory, Ocean Sciences, University of Hawaii, Geological Survey, University Locations: São Paulo, Brazil, Evanston , Illinois, Southampton, England, Maine, Mānoa, Jamaica, United Kingdom, France, Hawaii, Clarion
Many Elected Democrats Quickly Endorsed Kamala Harris. A majority of Democrats in Congress and nearly half of the country’s Democratic governors announced their support for Vice President Kamala Harris to lead the Democratic ticket in the hours after President Biden stepped out of the race on Sunday. Support for Kamala Harris among elected Democrats as the party’s nominee Reps. 155 Publicly supported 45 Did not specify Sens. 11 12Most Democrats were quick to issue statements commending Mr. Biden for his years of service after he announced he was dropping his re-election bid. Many offered their support for Ms. Harris to be the party’s nominee, though several key leaders did not immediately back her.
Persons: Quickly, Kamala Harris, Biden, Mr, Harris Organizations: Democratic Locations: Sens
In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.
Persons: , Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London
Follow the moneyThe shock waves from President Biden ending his re-election bid, after weeks of pressure to step aside, are still reverberating around the world. Many Democratic officials and financial backers have followed his lead and endorsed Vice President Kamala Harris as his successor in the race. But the conspicuous silence of some senior party leaders and warnings from prominent donors suggest that the party’s ticket isn’t a done deal. The latest: Biden’s withdrawal opened a flood of Democratic donations, with more than $50 million pouring in on Sunday, in what one strategist said might be “the greatest fund-raising moment in Democratic Party history.”Wall Street and Hollywood donors came back in force, while stalwart Biden backers, including the tech billionaire Reid Hoffman and the hedge fund scion Alex Soros, pledged their support to Harris.
Persons: Biden, Kamala Harris, Reid Hoffman, Alex Soros, Harris Organizations: Democratic, Democratic Party
A Congressional committee called on the chief executive of CrowdStrike to testify at a hearing about its role in a tech outage that roiled the global economy, in one of the first attempts to hold the cybersecurity company responsible. CrowdStrike sent a faulty security update to its customers Thursday night, resulting in millions of Microsoft Windows devices shutting down and disruptions to airlines, hospitals, logistics companies and others. Americans “deserve to know in detail how this incident happened and the mitigation steps CrowdStrike is taking,” wrote Representative Mark Green of Tennessee, the Republican chairman of the Homeland Security Committee, and Representative Andrew Garbarino, Republican of New York. The letter was sent to George Kurtz, CrowdStrike’s chief executive. Mr. Green and Mr. Garbarino asked the company for a response to scheduling the hearing this week, but did not specify when it would take place.
Persons: CrowdStrike, , , Mark Green of, Andrew Garbarino, George Kurtz, . Green, Garbarino Organizations: Microsoft, Homeland Security Committee, Republican Locations: Mark Green of Tennessee, New York
Warren Buffett 's Berkshire Hathaway has a new Wall Street analyst covering its stock, and he has mixed feelings about the conglomerate. The analyst thinks Berkshire is grappling with weakness in its noninsurance businesses including railroad, utilities service and retail, while its insurance operations continue to outperform. "Berkshire Hathaway's old-school conglomerate structure has faced challenges in a number of key areas of late despite being powered by an insurance business that continues to shine," Kligerman said in a note. Berkshire's insurance business has been a bright spot for the conglomerate. Correction: Of the seven analysts covering Berkshire, three have a hold rating, according to CNBC's research.
Persons: Warren Buffett, Berkshire Hathaway, Cowen's Andrew Kligerman, Berkshire, Kligerman, — CNBC's Michael Bloom Organizations: Berkshire, BNSF Locations: Omaha , Nebraska, Berkshire, U.S
The impact of these deep strikes has been eye-opening for Europe and the US, opening "Pandora's box" for more of these capabilities, a nuclear weapons and arms control expert told Business Insider. The conventional weapons include SM-6, Tomahawk, and developmental hypersonic weapons, "which have significantly longer range than current land-based fires in Europe." "The war in Ukraine shows that long-range strikes are a key issue for the defense of Europe," Lecornu posted on X. "These countries knew that long-range weapons were important even before Russia invaded Ukraine, but Russia's war in Ukraine has opened Pandora's Box to more and more military steps," explained Hans Director of the Nuclear Information Project at the Federation of American Scientists. US Navy photo by Mass Communication Specialist 1st Class Jonathan WordPoland, Germany, France, and Italy's new long-range missile plans follow work in the US to quickly develop new long-range strike systems.
Persons: , Andrew Dickson, Sebastien Lecornu, Lecornu, Hans, Thierry Wurtz, " Kristensen, Jonathan, Zachary Anderson There's, it's, Kristensen, Trump, he'd Organizations: Service, Business, NATO, Army, Artillery, U.S, French, Russia, Federation of American Scientists, Rafale, US, Attack Missiles, US Navy, Jonathan Word, Trump Locations: Ukraine, Russia, Europe, Germany, Australia, Poland, Italy, Moscow, Jonathan Word Poland, France
Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.
Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, , Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine
For the golf fanatics of the world, it could soon all be yours – so long as you have a spare £1.5 million ($1.93 million) to part with. “The sale of Blackrock House is one of those rare times where you can safely say there isn’t anything else like this available in the world,” Strutt and Parker selling agent Annabel Blackett told CNN via email. Spectators walk past Blackrock House and its "for sale" sign. It would be another 45 years before the course hosted its first Open Championship, with this week marking its 10th time staging the major. “This will be a bittersweet Open for us,” Andrew Kelly told the Associated Press ahead of this week’s tournament.
Persons: Woods, Viewings, Strutt, Parker, , ” Strutt, Annabel Blackett, Jon Super, Arnold Palmer, Tom Watson, ” Blackett, Jason Cairnduff, David, Isabel Kelly, Andrew, John, Sweden’s Henrik Stenson, Phil Mickelson, ” Andrew Kelly, Organizations: CNN, Blackrock House, Royal Troon, , Troon, Associated Press Locations: Blackrock, Firth, Clyde, Isle, Arran, South Ayrshire, Scotland,
Much of her time ends up being spent on hourslong work demonstration tests. Tran said she still does hiring tests even when they're not paid, as she doesn't want to close off her options. Employers perspectivePaying candidates to complete time-consuming job tests can help make hiring more inclusive. And it's practicing what it preaches by compensating candidates for work demonstration tests during the hiring process. Advertisement"Candidates who are normally reticent to invest in a work demonstration are elated to hear they will be compensated," he added.
Persons: , Michelle Tran, she's, Tran, ANDREW CABALLERO, REYNOLDS, Chris Abbass, they're, Joe Raedle, Amit Bhatia, Bhatia, it'll, it's, Chmielewski Organizations: Service, Business, Getty, Talent Locations: New York
CNN —House Speaker Mike Johnson called on President Joe Biden to resign “immediately” in the wake of Biden’s announcement that he will not seek reelection. “If Joe Biden is not fit to run for President, he is not fit to serve as President. As speaker of the House, Johnson is second in the line of presidential succession behind Harris. “President Biden inherited an economy in freefall, a skyrocketing violent crime rate, and alliances in tatters from his predecessor. “If Joe Biden does not have the cognitive ability to seek reelection, he does not have the cognitive ability to serve the remainder of his term,” she said.
Persons: Mike Johnson, Joe Biden, , ” Johnson, Biden, Kamala Harris, , Johnson, Harris, Andrew Bates, Bates, Mitch McConnell, McConnell, GOP Sen, Lisa Murkowski, Biden’s, , Nancy Mace, Chip Roy, Betsy Klein, Micheal Williams, Owen Dahlkamp Organizations: CNN —, Republican, NATO, CNN, Social, GOP, Democratic Party of Locations: Louisiana, freefall, tatters, Alaska, South Carolina
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