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Jim Cramer has been saying for a while now that the economy remains too strong for a rate cut anytime soon. However, we're not ready to get bearish on the stock market on this release alone. Therefore, we think the decline in the stock market is buyable. 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.
Persons: Dow, Jim Cramer, we're, Jim, it's, Jim Cramer's, Michael M Organizations: Treasury, Nasdaq, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: stickiness, New York City
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.
Persons: , florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNEC Director Lael Brainard: Overall economic picture still looks good despite the hot CPI printLael Brainard, National Economic Council Director and former Federal Reserve vice chair, joins 'Money Movers' to discuss the latest CPI data, what could be problematic for the economy, and getting through the 'last mile' of inflation.
Persons: Lael Brainard Organizations: NEC, National Economic, Federal Reserve
AdvertisementI've worked as a Coach sales associate for two years, so I've learned a lot about buying and selling designer bags. Research brands and materials before buying a bagMany designer bag brands use the same materials. Realistically consider your needsWalking into a designer bag store and trying to choose color, material, size, and style is overwhelming. Would you prefer a crossbody, bag with top handle, shoulder bag, backpack, or belt bag? Next, consider your lifestyle and what your designer bag will be used for.
Persons: I've, , Jeffrey Greenberg, We're Organizations: Service, Getty, Labor
Gold flat ahead of US inflation data
  + stars: | 2024-02-13 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were little changed on Tuesday, as investors held back from making big bets ahead of a U.S. inflation report that could give fresh perspective on the timing of the Federal Reserve's first rate cut. Spot gold was flat at $2,018.71 per ounce, as of 0424 GMT, after briefly slipping to a more than two-week low of $2,011.72/Oz on Monday. All eyes are on the January U.S. consumer price index inflation data due at 13:30 GMT. Americans reported a fairly stable outlook for inflation at the start of the year, a New York Fed survey showed. Spot platinum was flat at $888.89 per ounce, palladium rose 1.5% to $905.71, and silver edged 0.1% higher to $22.71.
Persons: Tim Waterer, Wang Tao Organizations: Federal, KCM Trade, New, Fed, Reuters, U.S ., Traders, U.S Locations: Moscow, Russia, U.S, ., China, Hong Kong
I'm going to outline our approach to handling a possible pullback from all-time highs following the CPI that calls the 2024 Fed rate cuts into question. I'm using the S & P 500, Nasdaq-100 and an option hedge I may implement personally, and for my research and wealth management clients. Following a horrible bear market from 2021-2022 we spent most of 2023 rallying and here we are at new all-time highs. The S & P 500 weekly chart shows a basic 5-wave Elliott trend that consists of 3 separate market advances labeled as 1,3, and 5. The Nasdaq 100 just broke out to new all-time highs immediately following the 2nd worst correction since in 2000.
Persons: we've, Gordon Organizations: Nasdaq, Netflix, Spotify, Nvidia
The 10-year Treasury yield held steady at 4.168%, and the yield on the 2-year Treasury was little changed at 4.474%. The yield on the 10-year Treasury note was flat on Tuesday, as investors look ahead to key inflation data. The consumer price index report is slated for release at 8:30 a.m. Economists polled by Dow Jones expect CPI to have risen 0.2% month over month in January and 2.9% year over year. The producer price index, retail sales figures and further data points are also slated for release later in the week.
Persons: Dow Jones Organizations: Treasury, CPI, Federal Reserve
Lazard CEO: Fed is now motivated to keep rates higher for longer
  + stars: | 2024-02-13 | 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 EmailLazard CEO: Fed is now motivated to keep rates higher for longerPeter Orszag, Lazard CEO and former OMB director under President Obama, joins 'Money Movers' to discuss if the latest CPI print changes what the Federal Reserve does this year, whether looser financial conditions are making it harder to get inflation back to target, and more.
Persons: Peter Orszag, Obama Organizations: Lazard, Federal
LONDON — European markets were a mixed bag on Tuesday morning, as investors assessed incoming corporate earnings reports and awaited a key U.S. inflation print. The pan-European Stoxx 600 index slipped 0.15% in early trade, with tech stocks shedding 1.3% to lead losses while mining stocks added 0.5%. Headline inflation is expected to come in at 0.2% month-on-month and 2.9% annually, according to economists polled by Dow Jones. The regional Stoxx index has recorded a muted February so far, following a strong end to January. This week will see reporting from several major European businesses, including Heineken, Airbus, Renault, NatWest and Commerzbank.
Persons: DAX, Dow Jones Organizations: LONDON, Japan's Nikkei, Dow Jones Industrial, Federal Reserve, Heineken, Airbus, Renault, NatWest, Commerzbank Locations: Frankfurt, Germany, U.S, London, Europe
JPMorgan upgrades Lowe's to overweight from neutral JPMorgan said investors should buy the stock ahead of earnings later this month. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on shares of Netflix. Loop reiterates Meta as buy Loop raised its price target on the stock to $550 per share from $440. Loop reiterates Alphabet as hold Loop raised its price target on the stock to $155 per share from $140. " UBS reiterates Target as buy UBS says Target shares are "compelling."
Persons: Evercore, it's, wouldn't, Rivian, Piper Sandler, Piper, Jefferies, Willis Towers Watson, URBN, Morgan Stanley downgrades Hershey, Morgan Stanley, Morgan Stanley downgrades XPO, Stifel, Raymond James downgrades, Raymond James, Melius, Roth, Guggenheimer, Guggenheim Organizations: Apple, Barclays, Walmart, EV, JPMorgan, generics, UFC, WWE, Netflix, Citi, Willis, PepsiCo, PEP, LT, UBS, Urban Outfitters, Google, 4Q, Bulls, Target, Bank of America, of America, Bank of America downgrades Duke Energy, Duke Energy, Brands, Nvidia, Deutsche Bank, Industries, Deutsche, SilverBow Resources Locations: U.S, Bank of America downgrades, NWL, Republic, Mohawk
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 6, 2024. U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500 . On Friday, the S&P 500 rose 0.57% to close above the 5,000 level for the first time, while the tech-heavy Nasdaq Composite added 1.25%. The S&P 500 and Nasdaq Composite added 1.4% and 2.3%, respectively. Some 61 names in the S&P 500 are set to report earnings in the week ahead, including gig economy stocks Lyft , Instacart and DoorDash .
Persons: Kraft, Jay Hatfield, Hatfield Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, Dow, Kraft Heinz, Hasbro, Capital Advisors, Traders, CPI, PPI, CNBC Locations: New York City, U.S
Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.
Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City
The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.
Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan
But has anyone bothered to ask what real mob wives think? If you want to talk about the mob wife aesthetic, who better to do it than a Sicilian mob princess?" 'The perfect mob wife looks like she's going to a funeral'Renee Graziano has always loved the mob wife aesthetic. AdvertisementThe mob wives aren't offended that you want to dress like themThe "Mob Wives" stars hope the mob wife trend is here to stay. Nothing lasts forever, especially on TikTok, but the "mob wife" trend will never die for the real "Mob Wives."
Persons: Jennifer Graziano, Renee Graziano, Natalie Guercio, , TikTok, Jeff Bezos, Lauren Sánchez, Renee's, Graziano, Renee, Jennifer's, Anthony Graziano, Bonanno, Hector Pagan Jr, Jennifer, Veronica Graziano, Carmela Soprano, Adriana La Cerva, Kayla Trivieri —, TikTok —, Peggy Bundy, Josh Ryan, Sophia Loren, what's, I've, Sofia Richie's, Gucci, Versace, they've, Guercio, aren't Organizations: Service, Vogue, VH1, American, FBI, Huffington, Bravo, HBO, Fox Locations: Sicilian, Staten Island, New York City, Renee's, South Philadelphia
China's producer prices declined for a 16th month in January, while consumer prices slipped for a fourth month. CPI slipped 0.3% in December. On a monthly basis though, CPI climbed 0.3% in January from December, slightly weaker than median expectations for 0.4% growth. On a monthly basis, this translated into a 0.3% growth in January from December, NBS said. China stands as a stark outlier among the world's major economies, which are mostly battling stubbornly high inflation.
Organizations: National Bureau of Statistics, NBS Locations: Beijing, reflating, China
The service will launch this fall and cater to sports fans who don't subscribe to the traditional cable bundle. One person associated with the launch of the new venture told CNBC the platform will be "a monster" and massively disrupt cable TV. Cable TV has been relegated to an add-on that helps keep people subscribing to high-speed internet. The cable bundle has largely survived because it still contains exclusive live news and sports. Previously, the only way for cord cutters to get ESPN outside the cable bundle would have been that coming service.
Persons: LeBron James, Jevone Moore, it's, Lachlan Murdoch, NBC's Peacock, Bob Iger, Rich Greenfield, Max, David Zaslav's, There's, David Zaslav, Lightshed's Rich Greenfield Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Crypto.com Arena, Warner Bros . Discovery, Fox, Disney's ESPN, Comcast, DirecTV, CNBC, YouTube, Charter, Cable, Verizon, Mobile, Satellite, Google, Hulu, Live, Disney, Warner Bros, NBC, CBS, National Football League, Paramount, ESPN, Fox News, CNN, MSNBC, Wall Street, Financial Times, TNT, TBS, HGTV, Discovery, Paramount Global Locations: Los Angeles
A college-educated Gen Zer struggling to find a minimum-wage job shared her frustration in a viral video. Santos, who is based in Brooklyn, NYC, told Business Insider that she was working as a nanny until she lost her job in November 2023. AdvertisementAfter sharing her struggle on TikTok, Santos learned she's not aloneSantos made her now-viral video the day she went job-hunting in person. "Everyone's in the same position, whether they studied business, whether they studied marketing or anything else. She's now receiving job offers from strangersSantos said she's received job offers and opportunities from strangers who have seen her teary video.
Persons: Gen Zer, Lohanny Santos, Santos, she's, I'd, , I've, I'm, She's, Zer Organizations: Business Locations: Santos, Brooklyn, NYC, TikTok
Here’s what you need to know for the high-stakes hearing:What does the 14th Amendment say? The 14th Amendment says Americans who take an oath to uphold the Constitution but then “engaged in insurrection” are disqualified from holding future public office. A liberal-leaning watchdog group called CREW filed the lawsuit in September in Colorado state court. The US Supreme Court is reviewing a decision from the Colorado Supreme Court, which said in a landmark 4-3 ruling in December that the “insurrectionist ban” applies to Trump. It would be unprecedented to apply the 14th Amendment “insurrectionist ban” to a presidential candidate.
Persons: Donald Trump, , , United States …, Norma Anderson, State Jena Griswold, Griswold, Trump, SCOTUS, isn’t, rioter, hasn’t Organizations: CNN, Trump, Capitol, United, Republican, Colorado, State, GOP, Supreme, Democrat, US, Colorado Supreme Locations: United States, Colorado, trailblazing GOP, Denver, Maine, Minnesota, Michigan , Illinois , Massachusetts, Oregon, New Mexico
The "office siren" corporate aesthetic is taking over TikTok, but it isn't necessarily new. It blends high-fashion corporate looks with '90s and 2000s vintage charm — fitting for Gen Z, which can't get enough of the Y2K era. The office siren look is bold red lips, pencil skirts, stilettos, turtlenecks, chunky jewelry, and tons of neutrals and blacks. She said the office siren aesthetic began taking off around the same time, coincidentally when she decided to post her outfits that aligned with the trend. "The office siren look is something that largely started in the office," Dwyer said.
Persons: Rachel Green, , Elisabeth Kassab, STYLISTCHECK, TikTokers, Miu Miu, Julia Quang, Quang, you'll, Wears, Styles, Erika Dwyer, Dwyer, Anne Hathaway, Gisele Bündchen's, Rachel Varney, StyledbyRachel, Jennifer Aniston, Joan Clayton, Kate Moss, Calvin Klein, Getty Varney, Varney, she's, Ron Galella, Jan Jarecki Organizations: Service, BI, Fox, Bank, Getty Images, Penske Media, Getty
That's what makes the upcoming proxy battle between Disney and the activist investor Nelson Peltz so compelling. Peltz's Trian Partners investment firm oversees about $3 billion worth of Disney stock, including shares held by former Marvel Entertainment Chairman Ike Perlmutter. For its fiscal second quarter, Disney expects net additional subscribers to Disney+ between 5.5 million and 6 million, with domestic adding 7.5 million due to its agreement with Charter Communications, while international core subs decline modestly. Disney is getting closer and closer to achieving its first profitable DTC quarter, which it continues to expect in its fiscal fourth quarter. In the Experiences segment, Disney delivered record revenue, operating income, and operating margin in its fiscal first quarter.
Persons: Bob Iger, Iger, Hugh Johnston, Nelson Peltz, Jay Rasulo, Peltz's, Ike Perlmutter, Taylor, Taylor Swift, , Johnston, Disney, WBD, That's, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Disney, Revenue, LSEG, Peltz's Trian Partners, Marvel Entertainment, Entertainment, Hulu, Netflix, Charter Communications, Networks, Walt Disney World, Disneyland, Cruise, Sports, ESPN, Fox, Warner Bros Discovery, CNBC, Management, Epic Games, Bloomberg, Getty Locations: Disney's, Florida, California, buybacks, Brooklyn , New York
The Senate voted 31-22 to pass Senate Bill 189, sending it on to the House for more debate. Also Tuesday, Burns' committee approved a state constitutional amendment that says only U.S. citizens can vote in Georgia elections. Supporters, including Raffensperger, claim the measure is needed to make sure no one ever changes the current Georgia law that bars noncitizens from voting. Some lawmakers hope new optical scanners can be purchased and used to count ballots without QR codes this year. All Democrats, even one who voted to ban QR codes in committee, voted against the Senate bill Tuesday.
Persons: Donald Trump's, Bill, Brad Raffensperger's, it's, Max Burns, ” Burns, Donald Trump, Alex Halderman, Raffensperger, Burns, noncitizens, Matt Hatchett, Sen, Sally Harrell, Harrell Organizations: ATLANTA, , Republican, Sylvania Republican, Fox News, Dominion, Board, Georgia, Dublin Republican, Atlanta Democrat Locations: — Georgia, Georgia, Atlanta
While the recovery time may vary buy end market, it's important to note that on a consolidated basis, management does believe that the first quarter 2024 will represent the bottom. They expect to see a pickup in sales as we exit the second quarter of 2024. DD 1Y mountain DuPont 1 year Guidance Management's forecast for the current quarter (first quarter of fiscal 2024) was unchanged from what we got on the preannouncement. 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.
Persons: Jim Cramer's, Jim Cramer, Jim, Jeff Fusco Organizations: DuPont, Electronics, DuPont's Semiconductor Technologies, Semiconductor Technologies, Industrial Solutions, Protection, Safety Solutions, Solutions, Management, CNBC Locations: China, Wilmington , Delaware
More than any film I’ve made, “Tenet” was designed to have this very theatrical, IMAX, larger than life identity. VILLENEUVE: It was not planned that I would get an IMAX film release. Or, I didn’t leave film, film left me and my heart was broken. NOLAN: I just like hearing the guy who made “Dune Two” be like “it’s all about money.” I’ve seen that film. On every film I’ve ever done, including “Oppenheimer,” I first showed it to the studio on cut and copy, taped together, splices and everything.
Persons: — Christopher Nolan, “ Oppenheimer, “ Tenet ”, , ” Nolan, , Pam Abdy, Michael De Luca, “ Tenet, Nolan, Denis Villeneuve, , NOLAN, I’ve, Chris, … NOLAN, VILLENEUVE, I’m, Chris Nolan, ” Emma, Thomas, , it’s, We’ve, “ Oppenheimer ”, ” I’ve, That’s, Emma, hadn’t, You’re, Steven Spielberg Organizations: UNIVERSAL CITY, Calif, Associated Press, Warner Bros, Universal, AP, Kodak, VILLENEUVE, Warners, Avid Locations: New York, Los Angeles, London, Melbourne, Nashville , Tennessee, Tempe , Arizona, VILLENEUVE
So it was surprising that the end of Sunday night’s season premiere of “Curb Your Enthusiasm” — look out, spoilers coming — took pretty, pretty, pretty clear aim at the major voting law Georgia passed in 2021. Larry David, who as the show’s curmudgeonly star is better known for breaking social norms than actual laws, travels to Atlanta in the episode. “Sir, in the navy blazer, put your hands in the air,” an officer says to a confused Mr. David. In another episode, the cantankerous Mr. David realizes that wearing a “Make America Great Again” hat around liberal Los Angeles gets him out of many unwanted meetings and interactions. In an interview with TheWrap, one of the show’s executive producers said that its writing team had decided to somehow incorporate the Georgia law back when it passed two years ago.
Persons: , Georgia, Larry David, Leon, she’s, Larry, Sir, David, , Donald J, Trump, ” Jordan Fuchs, David —, Elmo, David’s, TheWrap, Jeff Schaffer, Organizations: Recreation, Los Angeles Locations: , Atlanta, Georgia, Fulton
A checked bag is one stored in a plane's cargo hold during a flight. While that service was free in years past, it's now standard for major airlines to charge for checked bags, experts said. Today, it's about double: $30 to $35 for one checked bag, Nastro said. The carrier allows two free checked bags. Buy a luggage scale, lightweight bagsBuying and using a luggage scale before traveling can help travelers avoid surprise fees at the airport due to exceeding a weight limit on checked bags.
Persons: it's, Katy Nastro, Nastro, Eric Napoli, Daniel Garrido, Emirates —, Aiden Higgins, Higgins, Napoli Organizations: Major U.S, Bureau, Transportation, Finance, Airlines — Qatar Airways, Etihad Airways, Emirates, Air, Napoli, Spirit Airlines Locations: Major, U.S, New York, Los Angeles
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