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CNN —It’s been nearly 20 years since I moved from New York to London. I don’t drink alcohol, so, when I first moved to the UK, I avoided the pubs for about a year. To my great surprise, I discovered that British pubs were nothing like I had imagined! “Yeah?” “Yeah!!!!! According to the UK Tea and Infusions Association, Brits drink over 100 million cups daily and 36 billion cups per year!
Persons: CNN — It’s, Leicester, Kim Davis, breathlessly, I’m, , , I’ve, mickey ”, Sheldon Cooper, don’t, Hershey, et Walker, Eliza Doolittle, Little, it’s, Ariel, ” Don’t, There’s, Parinya, Abbott, Costello “ Who’s, Tummy, Mason, You’ll Organizations: CNN, Brit, British, Harrods, LIPTON Locations: New York, London, United States, United Kingdom, Yorkshire, Britain, Europe, , America, York, Darjeeling, Assam, Ceylon
A government shutdown looming on the horizon could dampen sentiment to start October even as Wall Street wraps up what's been a challenging month and quarter. Many market participants expect that the financial markets and economy will broadly shake off concerns from a shutdown as they have in the past. "The market's probably going to set it aside until or unless it starts to have a larger impact on behaviors." Economic impact Historically, government shutdowns have been relatively short-lived, though they have been longer and more disruptive recently. Meanwhile, Jay Woods, chief global strategist at Freedom Capital Markets, expects the government shutdown is "all bark and no bite" when it comes to market reaction.
Persons: Wells Fargo, Rob Haworth, Wells, Michael Pugliese, Bank's Haworth, Aditya Bhave, Jay Woods, Woods, Jeff Hirsch, Hirsch, Lamb Weston Organizations: RBC Capital Markets, Federal Reserve, U.S . Bank, Nasdaq, BEA, Bank of America U.S, Labor, Freedom Capital, Atlanta Fed's, PMI, Manufacturing, McCormick, ADP, Services PMI, Constellation Brands, Conagra, Consumer Credit Locations: Wells Fargo
The yield on the 30-year Treasury bond also dipped about 3 basis points to 4.7%. At the shorter end of the curve, yields were slightly lower. One basis point equals 0.01%. The yield on the benchmark 10-year Treasury note slipped by more than 3 basis points to trade at 4.563%, extending losses after hitting 4.688% on Thursday — its highest level since Oct. 15, 2007 when it yielded as much as 4.719%. The U.S. 10-year Treasury yield was trading lower on Friday, moving away from a fresh 15-year high notched in the previous session.
Persons: Neel Kashkari, CNBC's, , Sarah Min, Lisa Kailai Han Organizations: Federal, Minneapolis, Federal Reserve Locations: U.S, Chicago
Ro captained North Korea and guard Kim started on the bench, while South Korea had forward Kang Lee-seul, guard Park Ji-hyun and centre Park Ji-su among the 2018 alumni. With South Korea and North Korea still technically at war, there has been diplomatic tension at the Games. North Korean athletes refused to join South Korean rivals for a group photo of medal winners at the shooting competition. North Korea had a cheer-squad numbering a few dozen people high up in the grandstand of the half-full stadium. A North Korea team official sitting beside Jong, who was an assistant coach of the unified team in 2018, said the question was not relevant.
Persons: Ann Wang, basketballers, Lee, Ro Suk, Yong, Kim Hye, Jang, Ro, Kim, Kang Lee, Ji, Jung Sun, Jung, Jong, Ian Ransom, Christian Radnedge Organizations: Hangzhou Olympic Sports Centre Gymnasium, North, REUTERS, Rights, Asian, South, China's, Group, Hangzhou Olympic Sports Centre, Games, Unified Korean, Jakarta Asian Games, Olympic, North Korea, North Korean, Democratic, Thomson Locations: Hangzhou, China, Rights HANGZHOU, Jakarta, South, North Korea, South Korea, South Korean, Korea, Korean, Pyeongchang, DPRK, Democratic People's Republic of Korea, Korea's, North Korean
Ray Dalio says the U.S. is going to have a debt crisis
  + stars: | 2023-09-28 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Billionaire investor Ray Dalio is watching closely the "risky" U.S. fiscal situation. "We're going to have a debt crisis in this country," the founder of hedge fund Bridgewater Associates said in an interview with CNBC's Sara Eisen that aired on Thursday. U.S. debt levels surpassed $33 trillion for the first time this month as lawmakers negotiate a U.S. spending bill before the Oct. 1 deadline. Dalio is concerned there are more headwinds for the economy than just high debt levels, saying growth could fall to zero, give or take 1% or 2%. "I think you're going to get a meaningful slowing of the economy," Dalio said.
Persons: Ray Dalio, CNBC's Sara Eisen, Dalio Organizations: Bridgewater Associates, Association, Treasury Department, Investors Locations: U.S
Micron — The chipmaker's shares fell 3.4% Thursday before the bell on the back of a weaker-than-expected earnings forecast. For the fiscal fourth quarter, the company posted a narrower-than-expected loss as well as revenue that topped expectations. CarMax — Shares fell nearly 12% as fiscal second-quarter earnings fell from a year ago on weakening demand for used cars. Peloton — Shares popped nearly 14% in premarket trading Thursday after Peloton and Lululemon announced a five-year strategic partnership on Wednesday. The company's fourth-quarter earnings forecast of $3.03 to $3.15 per share also fell below analysts' forecasts of $3.33 per share, according to FactSet.
Persons: Ryan Cohen, Matthew Furlong, CarMax, Lululemon, DigitalBridge, Concentrix, FactSet, , Sarah Min, Pia Singh Organizations: Micron, LSEG, GameStop, UBS, JPMorgan
Tottenham Hotspur striker Son Heung-min secured the exemption after his Korean team won gold at the last Games in Jakarta in 2018. K-pop star Suga, songwriter and rapper for the boy band supergroup BTS, began the enlistment process for mandatory military service last month, making him the third BTS member to go off to perform the military duty. The military service law was amended several years ago to allow selected K-pop megastars to defer their service to aged 30, but not to avoid it entirely, with a large section of the population against giving stars like BTS special treatment. "We have players (in the current squad) who have been exempt from military service by winning gold medals in past editions of the games, but... we also several players who have not yet avoided military service. "But of course, because a gold medal gives one an exemption, and we have many who haven't done their service yet... we should perform at our best and get the gold."
Persons: Lee, Kelley L Cox, Son Heung, Kwon, Suga, Faker, Lee Sang, Baek, chul, Kim Woomin, I’m, ” Kim, Choo Il Seung, I'm, Heo Hoon, Martin Quin Pollard, Eduardo Baptista, Ian Ransom, Toby Davis Organizations: DRX, League of, Chase Center, USA, Rights, South, Hangzhou Asian Games, North, Asian Games, Tottenham Hotspur, Korean, BTS, League, China, Qatar, Thomson Locations: San Francisco , California, USA, Rights HANGZHOU, China, North Korea, South, Jakarta, Korea, Hangzhou, Qatar, Beijing
For South Korean male participants, winning a gold medal in the Asian Games or Olympic Games not only brings honor but also grants them a military exemption. However, the mandatory duty can be waived for some athletes, in particular those who win an Olympic medal or a gold medal in the Asian Games. Seven games will be featured as official medal events at the 19th Asian Games, building on the success of the pilot event at the 2018 Jakarta-Palembang Games. The venue for the Asian Games esports competitions is state-of-the-art and an impressive sight to see. With its inclusion as an official Asian Games medal event, the possibility of esports becoming a part of the Olympic Games is a topic of growing debate.
Persons: Suga, Oh, Wang Zhao, Son Heung, ” Shin, , esports, ” Kim Sa, , ” Lee Kyung, Kwak, hyouk, it’d, ” Kwak, Thailand’s Teedech, Lee Sang, , Michael Chow, Yoonjung Seo, Michael Jordan, ” Chow, Faker, JUNG YEON, Philip Fong, Rowan Crothers, “ I’m, I’ll, ” Crothers, Jess Bolden, Chow, Niko, Young Organizations: CNN, Gaming, Hangzhou Asian Games, Asian Games, Games, BTS, Asian, Getty, Premier League soccer, Tottenham Hotspur, Marine Corps, Republic of Korea Marine Corps, “ Times, CNN Sport, FIFA, Hangzhou, South Korea, Believer Company, Riot, South, Team Korea, League, “ League, SK Telecom, Riot Games, Microsoft Studios, Xbox, Studios, International Federation of, Phonographic Industry, EA Sports FC Online, PUBG, of Valor, of, Olympic, International Olympic Committee, Maekyung Media, Paralympic, IOC, Kodikara, International Federations, Niko Partners Locations: South Korea, Hangzhou, AFP, Seogwipo, Jeju, Republic of, Seoul, esports, Jakarta, South, . South Korea, Palembang, Asia
WASHINGTON (AP) — With a government shutdown five days away, Congress is moving into crisis mode as Speaker Kevin McCarthy faces an insurgency from hard-right Republicans eager to slash spending even if it means curtailing federal services for millions of Americans. Against the mounting chaos, President Joe Biden warned the Republican conservatives off their hardline tactics, saying funding the federal government is “one of the most basic fundamental responsibilities of Congress." Political Cartoons View All 1179 Images“We made a deal, we shook hands, and said this is what we’re going to do. With five days to go before Saturday's deadline, the turmoil is unfolding as House Republicans hold their first Biden impeachment inquiry hearing this week probing the business dealings of his son, Hunter Biden. With just days remaining before a shutdown, several of the holdouts say they will never vote for any stopgap measure to fund the government as they push for Congress to engage in the full-scale debate.
Persons: Kevin McCarthy, it's, McCarthy, Joe Biden, Biden, reneging, ” Biden, , , Donald Trump, retakes, Hunter Biden, ” Trump, ” McCarthy, Let’s, Marjorie Taylor Greene, Trump, Ken Buck, Buck, he's, ” Buck, Volodymyr Zelenskyy, Matt Gaetz, ” Gatez, “ I’m, McCarthy “, Seung Min Kim, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Senate, Republicans, Trump, Biden, Capitol, Defense, Homeland Security, Agriculture, Foreign, Republican, Democratic, Ukraine, Washington, Russia, Fox, White, Office of Management, Budget, Associated Press Locations: Ukraine, U.S, , State, Florida
The 10-year Treasury yield was down by more than than 4 basis points at 4.595%, easing slightly from multiyear highs reached earlier in the week. The 2-year Treasury yield was more than 4 basis points lower at 5.119%. The yield on the 10-year U.S. Treasury fell Tuesday as investors weighed the path ahead for Federal Reserve monetary policy and looked to upcoming economic reports. Investors considered what could be ahead for interest rates and when the Fed may hike rates again. At the conclusion of its latest policy meeting, the central bank left rates unchanged but said it expected one further rate hike this year.
Organizations: Treasury, Federal Reserve, Investors, Fed, Moody's, Service
She cited unpublished information from Vietnam's Ministry of Natural Resources and Environment, which did not respond to requests for comment. In recent years, Japanese investors Toyota Tsusho and Sojitz abandoned projects at Dong Pao after China ramped up supply, pummelling prices. Reuters GraphicsStill, rare earths at Dong Pao are relatively easy to access and are mostly concentrated in bastnaesite ores, according to the Hanoi University of Mining and Geology. The plant has capacity to process 5,000 tons of REO a year but the company plans to treble that to accommodate input from Dong Pao, Tuan said. The metallization process is controlled by China, which produces 90% of rare-earth metals, according to the U.S. Department of Energy.
Persons: Dong Pao, Blackstone, VTRE, Tessa Kutscher, Anh Tuan, Joe Biden, Kutscher, Sojitz, Dylan Kelly, Vingroup, Rivian, Dong, Tuan, David Merriman, John Rockhold, Dudley Kingsnorth, Francesco Guarascio @fraguarascio, Khanh, Melanie Burton, Trevor Hunnicutt, Mai Nguyen, Phuong, David Crawshaw Organizations: REUTERS, Australia's Blackstone Minerals Ltd, Vietnam's Ministry of Natural Resources, Earth JSC, U.S, . Geological Survey, Reuters, Toyota, Terra Capital, Blackstone, Hanoi University of Mining, REO, White House, Department of Commerce, U.S . Chamber of Commerce, Strategic, ASM, Reuters Graphics Reuters, U.S . Department of Energy, Western Australian School of Mines, Curtin University, Thomson Locations: Nam, Lai Chau, Vietnam, Pao, HANOI, Dong, Beijing, China, Hanoi, U.S, Dong Pao, VTRE, South, Khanh Vu, Melbourne, Seoul, Washington, Phuong Nguyen
It can be a nutritious food, an alternative to plastic, restore our oceans and could even help tackle climate change. UliU/iStockphoto/Getty Images Seaweed has become popular in Western baking in recent years. James MacDonald/Bloomberg/Getty ImagesBut just as we are recognizing its untapped potential, seaweed is becoming increasingly vulnerable. California, Norway and Tasmania have all lost more than 80% of their kelp in recent years, the result of climate change, pollution and overfishing. If we learn to sustainably cultivate our ocean, we can contribute to feeding the entire global population while mitigating climate change and restoring biodiversity.
Persons: Vincent Doumeizel, Derek Davis, Dixie, Prannie Rhatigan, Rhatigan, Kate Waters, Natasha Breen, Jun Lee, Jonas Gratzer, James MacDonald Organizations: United Nations, Food, Lloyd’s Register, CNN, Southside Bakery, Portland Press Herald, Washington Post, University of Queensland, Bloomberg, Legend Press Locations: Portland, US, Washington , DC, Asia, Seoul, South Korea, Australia, Jakarta, British Columbia, Canada, California, Norway, Tasmania
The 2-year Treasury yield was lower by more than 1 basis point at 5.108%. U.S. Treasury yields were higher Monday as investors considered what could be next for interest rates and awaited fresh economic data due this week. Investors considered what lies ahead for the economy and interest rates after the Federal Reserve released its expectations for a wide range of economic indicators and monetary policy last week. The central bank is expecting to hike rates once more this year, and to implement just two rate cuts in 2024, fewer than previously expected. Various Fed speakers are also due to give remarks and could provide fresh hints about the monetary policy outlook.
Organizations: Treasury, U.S, Investors, Federal Reserve, .
The higher-for-longer rate path outlined by the Federal Reserve this past week could mean a delayed recovery for small caps and international stocks. Small cap and international stocks are sorely lagging this year. While the S & P 500 remains higher on the year by more than 12%, the S & P Small Cap 600 is down 1%. "Should we see a turnaround in small and international stocks, then these would likely benefit, but also hold up better if that recovery is delayed," Stovall said. He added, "In a sense you're holding the bluest of blue-chip stocks on a global basis, or the strongest of small cap stocks."
Persons: Sam Stovall, Stovall Organizations: Federal, Pacer
Chelsea's woes continued as they lost at home to Aston Villa and Sheffield United slumped to the bottom of the table as they suffered a humiliating 8-0 home thrashing by Newcastle United in which eight different Newcastle players scored. The first north London Premier League derby since 2014 not to feature Harry Kane produced an enthralling contest at The Emirates where the two unbeaten sides went toe-to-toe. Arsenal twice led, first through Cristian Romero's 26th-minute own goal, and again thanks to Bukayo Saka's penalty early in the second half. Mitoma then wrapped up the points as Brighton moved above Tottenham and Arsenal with 15 points. Newcastle ran riot at Sheffield United in the weekend's final action as they put eight past the hapless Blades -- their biggest win in the Premier League since they put eight past Sheffield Wednesday in 1999.
Persons: Arsenal Nunez, Tottenham Hotspur slugged, Harry Kane, Cristian Romero's, Bukayo, Ange Postecoglou's Tottenham, Son Heung, Postecoglou, Declan Rice, Mikel Arteta, West Ham, Mohamed Salah, Nayef Aguerd, Jarrod Bowen, Darwin Nunez, Alexis Mac Allister's, Diogo Jota, Klopp, Malo, Ollie Watkins, Mauricio Pochettino, Villa, Kaoru Mitoma, Dominic Solanke's, Billy Gilmour's, Milos Kerkez's, Neto, Roberto de Zerbi, Fati, Mitoma, Sean Longstaff, Dan Burn, Sven Botman, Callum Wilson, Anthony Gordon, Miguel Almiron, Bruno Guimaraes, Alexander Isak, Martyn Herman, Toby Davis Organizations: Spurs, Arsenal, Liverpool, West Ham Chelsea, Newcastle, Sheffield, Tottenham Hotspur, Premier League, West Ham United . Brighton, Hove Albion shrugged, Bournemouth, Aston Villa, Sheffield United, Newcastle United, London Premier League, The Emirates, Tottenham, Manchester City, West Ham, West, Chelsea, Villa, Brighton, Blades, Sheffield Wednesday, Thomson Locations: Stamford
Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street. Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets. "We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular." But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication. "We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.
Persons: Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox Organizations: Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI Locations: Washington, Detroit, . Kansas, Chicago, Michigan
AstraZeneca — Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer. Wayfair — Shares gained more than 2% after Bernstein upgraded home merchandiser to market perform from underperform. Chinese e-commerce stocks — U.S. listed shares of Alibaba and PDD Holdings added nearly 4% in premarket trading, while JD.com rose 3.3%. Arm Holdings — Shares of the chip designer added 1.3% during premarket trading. Yeti — Shares gained about 3% in the premarket.
Persons: Bernstein, Canaccord Genuity, Wells, Ralph Lauren —, Raymond James, Rick Patel, Jefferies, — CNBC's Pia Singh, Sarah Min, Samantha Subin, Tanaya Macheel, Brian Evans, Michelle Fox Organizations: AstraZeneca, AstraZeneca —, U.S, PDD Holdings, Bloomberg, Seagen, Deere, Susquehanna, Communications Locations: COVID, Smithfield, Sydney, DXd, Alibaba, China, drinkware
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth of gaming accessories market is 'unabated,' says Razer CEOMin-Liang Tan, co-founder and CEO of gaming company Razer, explains why he thinks interactive entertainment is "here to stay."
Persons: Min, Liang Tan Organizations: Razer
FedEx — Shares gained more than 5% after fiscal first-quarter earnings results that topped expectations. FedEx reported adjusted earnings of $4.55 per share, greater than the $3.71 forecast by analysts polled by LSEG, formerly known as Refinitiv. Its revenue of $21.7 billion was slightly below expectations of $21.74 billion. KB Home — The homebuilder stock fell more than 3% despite KB Home beating expectations in its third-quarter report. Klaviyo — The marketing automation company stock slid more than 1% after it made its public debut.
Persons: Klaviyo, Exane, CNBC's David Faber, Disney, LSEG, — CNBC's Brian Evans, Jesse Pound, Alex Harring Organizations: FedEx —, FedEx, LSEG, KB, New York Stock Exchange, BNP, Solutions, Starbucks, Netflix, Disney —, Writers Guild of America, Darden Locations: China
[1/2] A South Korea won note is seen in this illustration photo May 31, 2017. South Korean companies repatriated a record $33.13 billion of overseas earnings during the January-July period, 6.3 times the amount a year earlier, central bank data on current account balances showed. "The coming home of earnings retained abroad has been a big help for the won," a government official in charge of foreign exchange market said, asking not to be named due to internal policy. The automaker said on June 12 it plans to invest 7.8 trillion won ($5.82 billion) of retained earnings from overseas operations this year in electric car factories at home. The surge in repatriation also comes ahead of trading reforms planned for next year, when South Korea will extend onshore trading hours until 2 a.m. to improve access for foreign investors.
Persons: Thomas White, Yoon Suk, Hong Sung, kook, Min Gyeong, 1,340.7400, Jihoon Lee, Cynthia Kim, Joyce Lee, Heekyong Yang, Vidya Ranganathan Organizations: South, REUTERS, Rights, Samsung Electronics, Hyundai Motor, Kia Corp, Reuters Graphics Bank of Korea, Woori Bank, Hyundai, Hyundai Motor Group, Shinhan Bank, Yena, Thomson Locations: South Korea, Rights SEOUL, Korea
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd be surprised if we get a deal on WGA strike today but we're getting close: Ankler's Janice MinJanice Min, Ankler Media Founder and CEO, joins 'Power Lunch' to discuss the latest developments on the WGA strike.
Persons: Ankler's Janice Min Janice Min Organizations: WGA, Ankler
WASHINGTON (AP) — Ukrainian President Volodymyr Zelenskyy returns to Washington on Thursday for a whirlwind one-day visit, this time to face the Republicans now questioning the flow of American dollars that for 19 months has kept his troops in the fight against Russian forces. A hard-right flank of Republicans, led by former President Donald Trump, Biden’s chief rival in the 2024 race for the White House, is increasingly opposed to sending more money overseas. But some Senate Republicans walked out of the briefing no more convinced than before about the necessity of spending more on Ukraine. “I will have questions for President Zelenskyy,” McCarthy told reporters before the visit. “I sometimes get the sense that I speak more about Ukraine matters than the president does,” McConnell said in a speech Wednesday.
Persons: Volodymyr Zelenskyy, Zelenskyy, Joe Biden, John Kirby, , Kirby, Biden, Donald Trump, Zelenskyy's, Antony Blinken, “ It’s, ” Sen, Josh Hawley, we’re, ‘ Buckle, , Vladimir Putin, Democratic Sen, Mark Kelly of Arizona, Putin, ” Kelly, Kevin McCarthy, ” McCarthy, McCarthy, Mitch McConnell, McConnell, Wednesday’s, ” McConnell, Seung Min Kim, Farnoush Amiri Organizations: WASHINGTON, Russian, White, Pentagon, Capitol, Republican, Democratic, Senate, Kyiv, National Security, U.S, Ukraine, Republicans, Missouri Republican, Chamber, U.S . Capitol, Trump, Associated Press Locations: Washington, Russia, Ukraine, Missouri, Kyiv, Old
How Often Do Women Think About … ?
  + stars: | 2023-09-20 | by ( Sopan Deb | More About Sopan Deb | ) www.nytimes.com   time to read: +2 min
And because the internet is an endless expanse of Content, this has spurred a reverse trend, where women and nonbinary people have wanted to weigh in with their own Roman Empires, loosely defined as the topics one privately contemplates more than anyone realizes. forward: “I think about just so many different things all at once. Vaynblat has multiple Roman Empires, too — the alien one and then a more serious one: motherhood. A friend who will stay.”Min Jin Lee, author of the novel “Pachinko,” described her equivalent of the Roman Empire as “Colonial America,” a subject of her college thesis. In particular, Lee said she often sees “obsequiousness” to France and England as common throughout American institutions.
Persons: , , Tom Holland, Diana, isn’t, Vaynblat, , I’m, Min Jin Lee, Lee, she’s Organizations: Twitter, Boston, Colonial, Indigenous Locations: Boston, Caribbean, Colonial America, France, England
Sonos is set to rebound roughly 50% as it returns to growth, Rosenblatt Securities says. Analyst Steve Frankel initiated coverage of the audio company with a buy rating and a $20 price target, saying he's expecting demand to pick back up for Sonos audio products. SONO 1D mountain Sonos shares 1-day Sonos shares have sold off this year, plunging 20% while the S & P 500 has rallied 16% during the same period. Regardless, the analyst's $20 price target implies shares will surge 54% from Tuesday's closing price of $12.95. The analyst expects Sonos to continue to face challenges including tough comparisons up ahead but expects demand to improve as the company focuses on innovating new products.
Persons: Steve Frankel, he's, Frankel, Sonos, Bose, Willing, Michael Bloom Organizations: Rosenblatt Securities
A lackluster economic backdrop in China shouldn't keep Wall Street from buying opportunities in the world's second-largest economy, some investors say. Consumer growth bets Kirby named Yum China as one quality stock idea. He also expects Yum China could still benefit from a rebound in consumer spending in China. It's a spending category the fund manager doesn't expect will suffer from any weakness in the macro backdrop. Yum China is higher this year by more than 4%.
Persons: Ben Kirby, Kirby, Duke, It's, James Donald, Thornburg's Kirby Organizations: Thornburg Investment Management, KFC, Technology, doesn't, Lazard Investment, Lenovo Locations: China, Beijing, Botox, U.S
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