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The Pre-Market Rundown 2: September 18, 2024
  + stars: | 2024-09-18 | 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 EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Read previewThe simultaneous detonation of thousands of pagers in Lebanon on Tuesday is a harbinger of a darker and more dangerous age of individualized attacks, according to a retired general and warfare strategist. The pagers were ordered by Hezbollah and were tampered with before they reached Lebanon, some of the officials said. "This is yet another demonstration that individuals are increasingly vulnerable to highly precise and personalized attacks," he said. Related storiesRyan cited the use of armed first-person-view drones on the battlefields in Ukraine and Russia, which he said showed the use of lethal personalized attacks had escalated in the past two years. He said the pager attack on Hezbollah "opens a dangerous Pandora's box" and makes almost everyone a "walking ticking bomb."
Persons: , Israel, Washington, pagers, Mick Ryan, Ryan, Yousef Munayyer, Munayyer Organizations: Service, Wireless, Business, US State Department, New York Times, Sky News, US Air Force, Arab Center Washington DC Locations: pagers, Lebanon, Iran, Australian, Ukraine, Russia, Vietnam
The Federal Reserve is expected to make its first cut to interest rates on Wednesday after more than two years of tight monetary policy. That is up from 4.29% during the week of March 11, 2022, just prior to the Fed kicking off its first hike. Home equity loans have also become more expensive, with rates rising to 8.49% as of last week, compared to 5.96% back in March 2022, according to Bankrate. The Fed's tight policy has provided a silver lining to savers, however. The annual percentage yield on a five-year certificate of deposit has jumped to 2.87%, up from 0.5% in March 2022, according to Haver.
Persons: Bankrate, Haver, — Darla Mercado, Nick Wells Organizations: Federal, Mortgage News, Fed
Dollar catches footing ahead of Fed
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: +3 min
The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later. A rate cut is fully priced, with interest rate futures implying a 63% chance of a 50 basis point cut, after flirting with 70% a day earlier. Traders say the Fed's tone as well as the size of the rate cut will drive the next moves in the foreign exchange market. China's stock, bond and currency markets resume trade on Wednesday after the mid-autumn festival break, though it is a holiday on Wednesday in Hong Kong.
Persons: Nathan Swami, Swami Organizations: Federal, Traders, Citi, Australian, New Zealand, Sterling, Bank of, ANZ Bank Locations: Buenos Aires, Argentina, Asia, U.S, Japan, Atlanta, Singapore, Hong Kong, Bank of England
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slips 1% after Fed cuts interest rates for the first time in four years: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tyrone Ross of 401 Financial discusses adoption of crypto ETFs and what Wall Street still needs to learn about the asset class.
Persons: explainers, Tyrone Ross of Organizations: CNBC Crypto, CNBC
CNBC TechCheck Evening Edition: September 18, 2024
  + stars: | 2024-09-18 | 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 EmailCNBC TechCheck Evening Edition: September 18, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
The super PAC, Future Coalition PAC, also ran other ads that highlight the Jewish faith of Harris’ husband, Doug Emhoff, including ads that have leaned on antisemitic “dual loyalty” tropes about Jewish Americans. The first two clips used in the new Harris ad come from Harris’ remarks after meeting with Israeli Prime Minister Benjamin Netanyahu in July, four days after President Joe Biden announced he wouldn’t seek another term in office. The majority of the nine ZIP codes in the Harris ad campaign are represented by Democratic Rep. Rashida Tlaib in Congress. The Harris campaign did not comment on its ad strategy. Harris addressed the issue during remarks Tuesday at a discussion with the National Association of Black Journalists.
Persons: Kamala Harris ’, Harris, Harris sympathizing, Harris ’, Doug Emhoff, Benjamin Netanyahu, Joe Biden, wouldn’t, , ” Harris, , Biden, Rashida Tlaib, Tlaib, hasn’t Organizations: Google, Biden, GOP, Israel, Future Coalition PAC, Israeli, Democratic Rep, Palestinian, Democratic National Convention, NBC News, White, National Security, National Association of Black Journalists Locations: Detroit, Gaza, Snapchat, Dearborn, Eastern, American, Israel, Congress, Palestinian American, Chicago
Gavin Newsom signed two bills Tuesday aimed at protecting actors and other performers from unauthorized use of their digital likenesses. A lot of dreamers come to California, but sometimes they’re not well-represented,” Newsom said in a video shared on social media Tuesday. The union has strongly advocated for the new laws, along with other protections for actors and other performers surrounding AI. In July, Hollywood video game performers voted to strike over continual AI concerns. “But AI is about to explode, and in a way that we have no idea what the consequences are.”
Persons: Gavin Newsom, Newsom, ” Newsom, we’re, Fran Drescher, Drescher, , , Drake, Tupac Shakur’s, , AFTRA, Tom Hanks, Scarlett Johansson, Mark Ruffalo, ” Ruffalo Organizations: SAG, Hollywood Locations: California, Silicon
Black women are more likely than white women to die from even the most treatable types of breast cancer, a study published Tuesday in the Journal of Clinical Oncology found. While Black women and white women are diagnosed with breast cancer at similar rates, Black women are 40% more likely to die from the disease. For those with HR-positive, HER2-positive tumors, Black women were 34% more likely to die than white women. Black women were 17% more likely to die from triple-negative breast cancer than white women, a finding that surprised Warner. “If you look at breast cancer data from 40 years ago, there really weren’t differences in mortality for breast cancer between Black and white women.
Persons: Erica Warner, Warner, , ” Warner, Eric Winer, ” Winer, Wendy Wilcox, , ” Wilcox, Marissa Howard, McNatt, Howard, Black, we’ve Organizations: Clinical Oncology, Massachusetts General Hospital, Yale Cancer Center, , for Disease Control, New York, New York City Health, Breast Care, Atrium, Wake Forest Baptist Locations: Massachusetts, New York City, North Carolina
CORONADO, Calif. — Standing on their lawn, members of the Dong family waited to meet the great-grandkids of a Black couple who rented a home to them a generation ago, when laws favored white residents. In 1939, Gus and Emma Thompson, a Black entrepreneurial couple, agreed to rent and eventually sell the house they owned to the Dongs, a Chinese American family. Alan Nakkash for NBC NewsThe Dong family is donating the proceeds of the house sale to support the Black community. Alan Nakkash for NBC NewsThe Dong family wanted the Thompson family descendants to tour the storied home before selling. Nearby, Kemp leaned in to repeat words he first said at their meeting at the Coronado house.
Persons: , Dong, Gus, Emma Thompson, Ron Dong, Emma, , Janice Dong, Ron’s, Ballinger Gardner Kemp, Lauren Kemp Few, Alan Nakkash, , Thompsons, Lloyd Dong Jr, Dong Jr, Lloyd Jr, Lloyd Sr, Jackie, Margaret, Jeanette Dong, Lloyd Dong Sr, Ron Dong’s, Margaret ., Gus Thompson, Kemp, Thompson, Kevin Ashley, Ashley, Christopher Manning, Grace Lee Bogg’s, Manning Organizations: San, Black Resource, NBC, NBC News, Historical, Coronado, SDSU, Coronado Historic Resources Commission, Central California —, Del Locations: CORONADO, Calif, San Diego State, Kentucky, California, Central California, Coronado, Del Coronado
The Republican mayor of an Ohio city that has been the target of unfounded claims from former President Donald Trump and his running mate about Haitian immigrants eating residents’ pets said Tuesday that a visit from the Republican presidential nominee would strain the city's resources. “It would be an extreme strain on our resources. So it’d be fine with me if they decided not to make that visit,” Springfield Mayor Rob Rue said during a news conference at City Hall on Tuesday. DeWine said that a campaign visit from a presidential candidate is “generally very, very welcomed,” but acknowledged that it would pose challenges. DeWine said he hasn’t spoken to Trump or Vance and hasn’t heard about the candidates potentially visiting Springfield.
Persons: Donald Trump, Rob Rue, Trump, Samantha Madar, Mike DeWine, DeWine, , , ” DeWine, Vance, hasn’t, Karoline Leavitt, Ohio Sen, JD Vance, ” Vance Organizations: Republican, ” Springfield, City, NBC, Columbus Dispatch, USA, Network, Reuters Ohio Gov, Springfield, Trump, America Locations: Ohio, , Springfield, Springfield ,
Democrats, who represent most of those areas, fiercely objected at the time, accusing the GOP of using tax policy to wage a culture war. Schumer has vowed that if he’s still majority leader next year he will ensure the SALT cap expires at the end of 2025. I am glad to hear that former President Trump now feels the same way,” Lawler wrote on X. “Donald Trump and Mike Lawler, who helped elect him, are the reason we even have a limitation on the SALT deduction. The anti-debt Committee for a Responsible Federal Budget projected that eliminating the SALT cap would raise the cost of extending the 2017 tax law by $1.2 trillion.
Persons: WASHINGTON, Donald Trump, Trump, “ I’ve, Chuck Schumer, Schumer, he’s, Ryan Ellis, ” Ellis, Karoline Leavitt, America’s, Kamala, Harris, Mike Lawler, Trump’s, , ” Lawler, Mondaire Jones, ” Jones, “ Donald Trump, Lawler hasn’t, Josh Gottheimer, Gottheimer, Liam Donovan, Kamala Harris Organizations: White, Trump, NBC News, Republican, House Republicans, New York GOP, Seniors, , Democratic, Federal Budget Locations: New, Long, New York , New Jersey, California, New York, Jersey
One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.
Persons: Hurricane Francine, , , Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States
In today’s edition, reporter Curtis Bunn brings us a dispatch from Kamala Harris' interview with members of the National Association of Black Journalists. Plus, national political reporter Ben Kamisar breaks down where third-party candidates are appearing on the ballot in key battlegrounds. Read more from Curtis →Focus returns to Springfield: Harris also ripped Trump’s repeated bashing of Haitian immigrants in Springfield, Ohio, in the NABJ interview, saying he was “spewing lies grounded in tropes.”“It’s a crying shame. After having spent millions to get on state ballots, Kennedy has tried to pull back since he endorsed Trump. And there are still other third-party candidates, including some familiar faces and some new ones, whose presence on key state ballots could affect the November results.
Persons: Curtis Bunn, Kamala Harris, Ben Kamisar, Harris, Tonya Mosley, Gerren Keith Gaynor, TheGrio, Eugene Daniels, Mosley, , ” Harris, Donald Trump, Read, Curtis →, Trump, Sen, JD Vance, Ohio, , Springfield Mayor Rob Rue, Jiachuan Wu, Robert F, Kennedy Jr, Kennedy, Kennedy hasn’t, don’t, Joe Biden Organizations: NBC, White House, Capitol, National Association of Black Journalists, Curtis Bunn PHILADELPHIA, NPR, Politico, Biden, Springfield Mayor, Trump Locations: Gaza, Israel, Chicago, Springfield, Springfield , Ohio, North Carolina, Michigan, Wisconsin, Arizona, Pennsylvania, Nevada, Michigan , Wisconsin
Russian disinformation peddlers are producing videos targeting the Harris-Walz campaign with false and disparaging claims, Microsoft said Tuesday. At least three Russian disinformation actors have been working to denigrate the Harris-Walz campaign, Microsoft said. Some of the disinformation comes in the form of two videos that have been disseminated since late August, Microsoft said. NBC News has viewed an upload of that video posted to X, which Microsoft confirmed is the alleged Russian disinformation. The report comes after the U.S. accused the Kremlin of running a multifaceted disinformation campaign to boost former President Donald Trump and disparage Harris.
Persons: Harris, Walz, Russia’s Ministry of Foreign Affairs didn’t, Darren Linvill, ” Linvill, Kamala Harris, Linvill, , Donald Trump, Joe Biden, Trump, Vladimir Putin Organizations: Microsoft, Justice Department, Russia’s Ministry of Foreign Affairs, NBC News, Media, Clemson, Democratic, Russia’s Internet Research Agency, Tenet Media, National Intelligence, Intelligence, Biden, Ukraine, FBI, The Justice Department, Trump Locations: San Francisco, Russia, Ukraine, Iran, U.S, China
A top election official in Arizona said he would file a suit Tuesday that could bar almost 100,000 residents from voting in state and local races this fall, claiming they have not provided citizenship documents required under state law. The planned suit from Maricopa County Recorder Stephen Richer is related to a specific part of Arizona election law that requires residents to provide documents that prove citizenship to vote in state and local elections. Such documents are not required for Arizona residents to register to vote or cast a ballot in federal elections. Since 1996, Arizona has required residents to provide proof of citizenship to obtain a driver’s license. Hobbs said her office would implement "an independent audit to ensure that MVD systems are functioning as necessary to support voter registration."
Persons: Stephen Richer, , Richer, ” Richer, Donald Trump, Justin Heap, Adrian Fontes, ” Fontes, “ We’re, Fontes, , we've, , Katie Hobbs, Hobbs Organizations: U.S, Citizens, Republican, GOP, Senate, NBC News, Motor Vehicle, Motor Vehicle Department, MVD, Gov, Fontes Locations: Arizona, Maricopa County, U.S, United States, America
Popular content creators Matt and Abby Howard denied online speculation that they left their young children alone in a cruise ship cabin while they left for dinner. In a video addressing the incident Monday, the couple sat down and told viewers this assumption was false. A spokesperson for Matt and Abby Howard declined to add further comment. In her weekend Instagram story, Abby Howard had written that it “became apparent” her young boys weren’t enjoying the cruise, which made it so that she and her husband couldn’t either. In their video on Monday, Abby Howard thanked those online who expressed worry for their children’s safety.
Persons: Matt, Abby Howard, ” Matt Howard, Abby Howard’s, , weren’t, couldn’t, , “ We’re
Vice President Kamala Harris on Tuesday ripped Donald Trump's repeated bashing of Haitian immigrants in Springfield, Ohio, saying the former president was "spewing lies grounded in tropes." During last week's presidential debate, which was viewed by more than 67 million people, Trump said: “In Springfield, they’re eating the dogs. They’re eating — they’re eating the pets of the people that live there.”Harris said of Trump on Tuesday, "When you have that kind of microphone in front of you, you really ought to understand how much your words have meaning." Law enforcement resources being put into this because of these serious threats," Harris said. "The governor of Ohio came out yesterday and said every single one of those bomb threats was a hoax, and all of those bomb threats came from foreign countries.
Persons: Kamala Harris, Donald Trump's, Harris, it’s, , Trump, Sen, JD Vance, Ohio, ” Harris, Vance, Donald Trump, Mike DeWine, DeWine, Rob Rue, Rue, ” Rue Organizations: National Association of Black Journalists, Trump, Republican, ABC News, Springfield Locations: Springfield , Ohio, Springfield, Michigan, Ohio
Days after returning to Earth, the four civilian crew members of the Polaris Dawn mission opened up about their experience seeing the planet from orbit, floating in weightlessness and conducting the world’s first all-civilian spacewalk. “The perfection of what you’re looking at is just awe-inspiring,” Poteet said, recalling the views of sunrises and sunsets out the window of their SpaceX Crew Dragon capsule. The crew spent two-and-a-half years training for the Polaris Dawn mission, which included choreographing and rehearsing each step of the spacewalk. (The crew members also raised money for St. Jude Children’s Research Hospital during their time in orbit.) He said the larger goal for both SpaceX and the Polaris program is to eventually make humans a multiplanetary species.
Persons: NBC’s Lester Holt, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon —, ” Poteet, Lester Holt, Isaacman, ” Isaacman, , Gillis, “ It’s, , Poteet, Menon, choreographing, Jude Children’s, Van Allen Organizations: Polaris, NBC, Air Force, SpaceX, St, Jude Children’s Research Hospital Locations: Gulf of Mexico, Florida
The University of North Texas Health Science Center will stop accepting unclaimed bodies following an NBC News investigation that documented how the Fort Worth program cut up and leased out the remains of poor people for training and research without consent from the dead or their families. The move was prompted, she said, by documents uncovered while responding to reporters’ public-records requests about the center’s Willed Body Program. Among the revelations were “a lack of sufficient controls and oversight” of how outside companies handled and used corpses provided by the Health Science Center. Trent-Adams said leadership had been unaware that the body program was routinely shipping unclaimed remains — including those of U.S. military veterans — across state lines. The NBC News investigation published Monday found the center had received about 2,350 unclaimed bodies from Tarrant and Dallas counties in the past five years.
Persons: Sylvia Trent, Adams, ” Trent, Tim O’Hare, Organizations: University of North Texas Health Science, NBC News, Fort Worth, Health Science Center . Trent, NBC, Science Locations: U.S, Tarrant, Dallas, Tarrant County
Prosecutors in the Southern District of New York accuse Combs of sex trafficking, racketeering and transportation to engage in prostitution in the indictment unsealed Tuesday. “A year ago Sean Combs stood in Times Square and was handed a key to New York City,” he said. The sex trafficking count mentions “Victim-1,” whose interactions with Combs as described in the indictment mirror those described in Ventura’s lawsuit. According to the indictment, Combs attempted to bribe a member of the hotel security staff who had intervened. Since Ventura’s lawsuit, several others have accused Combs in separate lawsuits of sexual assault or sexual misconduct.
Persons: Sean “ Diddy ” Combs, Combs, , Prosecutors, Damian Williams, Williams, , Sean Combs, he’s, Marc Agnifilo, “ He’s, ” Agnifilo, ” Combs, Kelly, Robert Sylvester Kelly, Mary J, Blige, Usher, Casandra Ventura, Cassie, Ventura, ” Williams, Douglas Wigdor, ” “ Combs Organizations: Prosecutors, of New, Homeland Security, Miami, of, CNN Locations: Southern, Manhattan, New York City, of New York, , Ventura, Los Angeles, Miami, U.S
The Miami Dolphins will place quarterback Tua Tagovailoa on injured reserve, sidelining him for at least four weeks, the team announced Tuesday. Tagovailoa suffered a concussion during the Dolphins’ 31-10 loss to the Buffalo Bills in Week 2. This is at least the third concussion Tagovailoa has sustained during his time in the NFL. The concussion Tagovailoa suffered in Week 16 was not diagnosed until the day after the game. A member of the Miami Dolphins training staff attends to Tua Tagovailoa after he suffered a concussion on Sept. 12.
Persons: Tua Tagovailoa, Tagovailoa, Damar Hamlin, Jasen, Imagn, Tyler Huntley ., Skylar Thompson Organizations: Miami Dolphins, Dolphins, Buffalo Bills, Bills, NFL, Miami, Imagn Miami, Baltimore Ravens, Seattle Seahawks
The vote was 51-44, falling short of the 60 needed to break a filibuster, with Republican Sens. Lisa Murkowski of Alaska and Susan Collins of Maine again voting with Democrats in favor of the bill. Senate Minority Whip John Thune, R-S.D., dismissed it as “another show vote” and vowed that “Republicans support IVF, full stop.”“This is not an attempt to make law. She predicted that Democrats would “lift the filibuster” to get around the 60-vote requirement, which would require 50 senators to vote to change the rules. Katie Britt, R-Ala., and Ted Cruz, R-Texas, that would cut off Medicaid funding for states if they prohibit IVF.
Persons: Kamala Harris, Chuck Schumer, Donald Trump, Harris, Republican Sens, Lisa Murkowski, Susan Collins of, Doug Mills, New York Times Harris, Donald Trump’s, ” Trump, John Thune, , ” Thune, ” Sen, Tammy Duckworth, Duckworth, ” Duckworth, Sen, JD Vance, Schumer, Trump, Vance, ” Vance, Taylor Van Kirk, Sens, Katie Britt, Ted Cruz Organizations: WASHINGTON, Republican, New York Times, Democratic, ABC, Congress, Alabama, NBC News, Republicans Locations: Alaska, Susan Collins of Maine, Philadelphia, Alabama, R, Ohio, Texas
But a series of data points showing worsening economic conditions has made some analysts believe a 0.5% cut is more likely — and perhaps even necessary. “We do not seek or welcome further cooling in labor market conditions,” Fed Chair Jay Powell said in a speech last month. “A (0.5%) cut is usually done in emergencies,” like the Covid-19 pandemic, said Mark Zandi, chief economist at Moody’s financial group. Mortgage interest rates have hit their lowest level since February 2023, while auto loan rates are also falling. A 0.5% cut would more directly affect rates tied to the fed funds rate, including credit cards, home equity lines of credit and small-business loans.
Persons: Steve Liesman, Jay Powell, Bill Dudley, ” Dudley, Preston Mui, Mui, , , Mark Zandi, Greg McBride, ” McBride Organizations: Federal, CNBC, Wall, Minneapolis Federal Reserve, Federal Reserve Bank of New, Bloomberg News, Fed, Bankrate Locations: Minneapolis, Federal Reserve Bank of New York, America
The FBI is warning election offices to be on the lookout after threatening letters containing suspicious substances were sent to the offices of multiple secretaries of state throughout the country. A senior law enforcement official confirms elections officials in at least six states received packages on Monday, but so far none of the packages have been found to contain any actual hazardous material. Secretaries of state, attorney general offices and state election offices in Nebraska, Iowa, Kansas, Tennessee, Wyoming and Oklahoma were targeted. The FBI, United States Postal Inspection Service (USPIS), and state and local law enforcement partners are investigating multiple letters containing suspicious substances which have been mailed to Secretary of State's offices. The incident is also the second time in the past year that threats have hit multiple state election offices simultaneously.
Persons: , Robert Evnen, Chuck Gray, State Paul Pate, State Tre Hargett, Doug Kufner, Donald Trump, Trump, State Jena Griswold Organizations: FBI, , NBC News, U.S . Postal, Service, United States Postal Inspection Service, Memorial Hall, Nebraska State Patrol, Lincoln, Lancaster County Health Department, Nebraska, State, Hargett Locations: Nebraska , Iowa , Kansas , Tennessee , Wyoming, Oklahoma, ” In Kansas, Iowa, Topeka , Kansas, Lincoln , Nebraska, Nebraska, Lancaster, Wyoming, Tennessee, California , Georgia, Nevada , Oregon, Washington, Colorado
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