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Clarkston, Georgia CNN —Vice President Kamala Harris and former President Barack Obama used their first joint campaign appearance, on Thursday night in this Atlanta suburb, to issue parallel warnings about the dangers facing the country if Donald Trump is elected again to lead it. Battleground Georgia is the latest stop in a late-campaign sprint by Obama, who has leveled at Trump increasingly passionate attacks and rounds of mocking. After Obama’s speech, Harris came onstage, where they embraced before the vice president delivered a nearly identical message. “What I can’t understand is why anyone would think that Donald Trump will shake things up in a way that is good for you. On Saturday, Harris is also set to appear with former first lady Michelle Obama in Michigan.
Persons: Kamala Harris, Barack Obama, Donald Trump, Obama, Harris, , ” Harris, wouldn’t, ” Obama, John Kelly, , Trump, “ It’s, stewing, That’s, MAGA, , , Kelly, Bruce Springsteen, ” Springsteen, Michelle Obama, CNN’s Elise Hammond Organizations: Georgia CNN —, Trump, United, New York Times, CNN, Obama’s, Democratic Locations: Clarkston, Georgia, Atlanta, United States, America, Iowa, Michigan
As part of his efforts leading up to Election Day, former President Donald Trump will address the Asian American and Pacific Islander community at a rally in Nevada on Thursday. Trump will take the stage in Las Vegas alongside former GOP presidential candidate Vivek Ramaswamy and former Rep. Tulsi Gabbard of Hawaii in one of his first events geared toward Asian American communities. Organizers say they aim to bring Asian voters into the conservative movement and convince them Trump is the best choice for them. Exit polling after the 2020 election showed 58% of eligible voters in the community supported Joe Biden, while 40% supported Trump. Progressive Asian American and Pacific Islander leaders take issue with Kirk’s characterization that Asians in the state are aligning with Trump, saying their observation has been the opposite.
Persons: Donald Trump, Trump, Vivek Ramaswamy, Tulsi Gabbard, Charlie Kirk, , Trump’s, Joe Biden, Harris, , Eric Jeng, Steven Cheung, President Trump Organizations: American, Pacific, GOP, Change, Trump, Organizers, Progressive Locations: Pacific Islander, Nevada, Las Vegas, Hawaii, American, APIA Nevada
Former President Donald Trump will sit with Joe Rogan for a taping of his podcast in Austin, Texas, on Friday, according to two sources familiar with the planning. "The Joe Rogan Experience" has reigned for years as one of the most popular podcasts in all of media, particularly among young men, who have been key targets of the Trump campaign. "The Joe Rogan Experience" has received criticism over the years after Rogan spread misinformation about Covid, used racial slurs and made antisemitic comments. In February, Rogan and Spotify inked a multi-year deal that would allow the podcast host to bring "The Joe Rogan Experience" to other audio platforms. According to Spotify, it is currently the platform's popular podcast.
Persons: Donald Trump, Joe Rogan, Trump, Kamala Harris, Ben Shapiro, Adin Ross, Theo Vonn, Andrew Schulz's, Akaash Singh, Rogan, Sen, Bernie Sanders, Trump's, Robert F, Kennedy Jr, I’m Organizations: Spotify Locations: Austin , Texas, Texas, Houston , Texas
IRS announces new federal income tax brackets for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The top rate of 37% applies to individuals with taxable income above $626,350 and married couples filing jointly earning $751,600 or more for 2025. The IRS has announced new federal income tax brackets and standard deductions for 2025. Federal income tax brackets show how much you owe on each part of your "taxable income," which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income. If the provision expires, the tax brackets will revert to 2017 levels , shifting to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Trump's tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn't extend that tax break.
Persons: Donald Trump Organizations: IRS
Both have opined that the rally on Wall Street underscores a growing belief that former President Donald Trump will win on Nov. 5. However, I don't yet believe that Wall Street and Pennsylvania Avenue have intersected just yet. Indeed, if the stock market is anticipating a Trump victory, what might the bond market and gold market be telling us, assuming they expect the same outcome? Are those markets telling us a Trump victory would lead to higher inflation and bigger fiscal deficits? Those betting on a Trump win would be loath to say so if they follow the messages of multiple markets.
Persons: Stanley Druckenmiller, Dan Loeb, Donald Trump, Loeb, it's, Dow Jones, Kamala Harris, Trump, Ron Insana Organizations: Senate, Dow Jones, Nasdaq, Federal Reserve, Atlanta, Dow, Taiwan Semiconductor Manufacturing, Nvidia, European Central Bank, Trump, stoke, Democratic, Pennsylvania, CNBC Locations: U.S
IRS announces bigger estate and gift tax exemption for 2025
  + stars: | 2024-10-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025. The IRS also boosted figures for dozens of other provisions, including federal income tax brackets, long-term capital gains tax brackets and eligibility for the child tax credit, among others. Here are key steps to consider from top-ranked advisorsTrump's tax cuts could expire after 2025. How advisors are preparingAfter 2025, the higher estate and gift tax exemption enacted by former President Donald Trump will sunset without action from Congress. The Tax Cuts and Jobs Act doubled the exemption to $11.18 million in 2018, according to the Tax Policy Center.
Persons: Donald Trump Organizations: Internal Revenue Service, IRS, Finance, Tax, Center
A Trump election win will spur a Chinese stock sell-off that will then offer a buying opportunity, an equity strategist said. AdvertisementA presidential victory for Donald Trump will trigger a sell-off in Chinese stocks that would then create a buy-the-dip opportunity, Christopher Wood of Jefferies said. Advertisement"Bottom line, if Donald Trump's elected and Chinese stocks collapse, that's an opportunity to add to China," he outlined. He continued: "People have forgotten that Donald Trump did the big trade deal with China in January 2020. A trade deal was done, and it was all hunky dory, and Donald Trump was going to run on that presidential campaign as I'm the guy who's negotiated the best trade deal with China since WTO."
Persons: Christopher Wood, Jefferies, , Donald Trump, Trump, — Wood, isn't, Donald Trump's, dory, who's, Wood Organizations: Trump, Service, Bloomberg, Republican, Beijing, Nvidia Locations: China, Beijing, Washington
Former President Donald Trump and Vice President Kamala Harris. Getty ImagesVice President Kamala Harris and former President Donald Trump will be in battleground states on Saturday. After that, she will travel to Atlanta, Georgia, for a campaign rally where she will encourage Georgians to early vote. Donald Trump will hold a rally in Latrobe, Pennsylvania, on Saturday. President Barack Obama will travel to Las Vegas, Nevada, to hold a campaign rally on behalf of the Harris-Walz campaign.
Persons: Donald Trump, Kamala Harris, Harris, Walz, Barack Obama, Bill Clinton, ” Clinton, surrogates —, Organizations: Getty Locations: Detroit, Atlanta , Georgia, Latrobe , Pennsylvania, Las Vegas , Nevada, North Carolina
CNN —Vice President Kamala Harris and former President Donald Trump collided Friday in Michigan, both barnstorming the state as they wage a tight battle for its potentially decisive 15 Electoral College votes. He said he’d boost American auto manufacturing by slapping steep tariffs on imported vehicles. Rebecca Cook/ReutersBattle for Arab American votersTrump on Friday visited a campaign office in Hamtramck, which has a large Muslim and Arab American population. Trump has courted auto workers in Michigan with pledges to impose steep tariffs on vehicles imported from Mexico and China. Detroiters don’t give up on each other or their city, something Donald Trump will never understand,” Whitmer says in the 30-second spot.
Persons: Kamala Harris, Donald Trump, , Harris, Trump, Joe Biden, ” Trump, Biden, Hillary Clinton, Rebecca Cook, Amer Ghalib, Benjamin Netanyahu, , ” Harris, Assad Turfe, Yahya Sinwar, , Shawn Fain, “ He’s, Reuters Trump, he’d, Trump’s, Gretchen Whitmer’s, “ Donald Trump, Detroiters don’t, ” Whitmer, Detroit “, CNN’s Ali, Ethan Cohen Organizations: CNN, Electoral, Trump, White House, Michigan, Biden, Democratic, Michigan —, Reuters, Arab American voters Trump, United Auto Workers, Motor, Economic, ” Michigan Democratic Gov, Hell PAC, Detroit Locations: Michigan, Oakland County, Detroit, Waterford Township, Grand Rapids, Western Michigan, Kent County, Lansing, Auburn Hills, . Michigan, Pennsylvania, Wisconsin, Gaza, Waterford Township , Michigan, Hamtramck, Arab, Wayne County, Lebanon, Israel, Mexico, China, America
Third Point's Daniel Loeb believes the odds are rising that former President Donald Trump will win the U.S. presidency this November over Vice President Kamala Harris and the influential hedge fund manager is increasing positions that would benefit under a Republican administration and Congress. But Loeb in his quarterly missive said he was increasing both "stock and option purchases" to bet on the Trump win scenario. Loeb is not alone on Wall Street in making those bets with JPMorgan most recently highlighting gains in bank stocks and the U.S. dollar as signs more investors see a Republican win. The fund gained 4% last quarter, according to the letter, also trailing the market. But he sees the improvement in market breadth that began in the third quarter continuing, especially under a Republican administration.
Persons: Point's Daniel Loeb, Donald Trump, Kamala Harris, ", Loeb, Harris, missive, Biden, CNBC's Scott Wapner Organizations: U.S, Republican, CNBC, Biden, NBC, Trump, JPMorgan Locations: U.S, Danish
“I am the hopey changey guy so I understand people feeling frustrated, feeling we can do better,” Obama said. Obama slams Trump over false hurricane conspiracy theoriesThe former president on Thursday accused Trump of violating basic American values. “When did that become OK?”But the Trump campaign is not letting go of claims that were debunked even by many Republican state and local officials. At a Harris campaign office, Obama wondered whether the reticence of some “brothers” to support the Democratic nominee came down to sexism. But Democratic concerns about Harris’ campaign are palpable.
Persons: Barack Obama, Kamala Harris, , Obama, Donald Trump, ” Obama, , , Bill Clinton, Trump, Harris, , Joe Biden, Obama’s, CNN’s Kayla Tausche, Birtherism, Biden, “ You’ve, ” Sen, JD Vance, CNN’s Edward, Isaac Dovere, He’s, he’s, Hillary Clinton, Quinn Glabicki, Howard, Will Trump Organizations: CNN, White, Democratic, Republican, GOP, , Univision, Trump, Pittsburgh Locations: Ohio, Pennsylvania, Pittsburgh, America, Iowa, US, United States, Nevada, Arizona, Michigan , Wisconsin, Georgia
Obama in past campaigns has relished mocking and criticizing Trump, but his speech and delivery on Thursday were stinging and unusually visceral. Grab your friends and family and vote,” Obama said. “If you challenge Trump to elaborate and enumerate his ‘concepts,’ he will fall back on one answer,” Obama said. His message there was also pointed – but directed at Black men. “We need to make sure that Black men, Hispanic men, don’t sit on the couch.
Persons: Barack Obama, Donald Trump, thrall, ” Obama, , Trump, Harris, Obama, wouldn’t, Kamala Harris, , ” Trump’s, “ You’re, I’ve, Joe Biden, don’t, Harris ’, Anthony West, ” West, CNN’s Eva McKend Organizations: Pennsylvania CNN, Republican Party, Trump, White, Republicans, Harris, , CNN, Democratic, Biden, NAACP Locations: Pittsburgh, Pennsylvania, Trump, Milwaukee
Without action from Congress, trillions of tax breaks enacted by former President Donald Trump will expire after 2025, including lower federal income tax brackets, among other provisions. Higher rates after 2025 could impact some brokerage accounts since investors pay annual taxes on earnings, experts say. If you sell investments that you have owned for one year or less, the profits incur "short-term capital gains," or regular income taxes. Generally speaking, it's good to avoid short-term gains as much as you can. Actively managed mutual funds often trigger capital gains payouts, even when investors haven't sold shares, which can be a costly year-end surprise.
Persons: Donald Trump, Samantha Pahlow, Ferguson Wellman, Shea Abernethy, haven't, Abernethy, Tommy Lucas, Moisand Fitzgerald Tamayo Organizations: Ferguson, Ferguson Wellman Capital Management, Exchange, Investment Counselors Locations: Portland , Oregon, Winston, Salem , North Carolina, Orlando , Florida
The virtual event, organized by Emgage Action, which endorsed Vice President Kamala Harris last week, was the most direct pitch yet to conflicted Muslim and Arab voters from her or Walz. “As-Salaam-Alaikum,” Walz said on the call, using the Arabic greeting, before he turned to the war on many Arab and Muslim voters’ minds. Some Muslim activists and elected officials they say are disappointed to have heard little from the Harris campaign since then. During the campaign, some disaffected Muslim and Arab voters have flocked to third-party candidates like Jill Stein and Cornel West, both of whom picked Muslim running mates and have courted pro-Palestinian voters. “We understand that some Muslim voters, any voter, may feel a moral dilemma voting for [Harris].
Persons: Tim Walz, Harris, Kamala Harris, Walz, ” Walz, , , Donald Trump’s, Joe Biden’s, they’re, Jill Stein, Cornel West, Trump, Wa’el Alzayat, Donald Trump, Mohamed Gula, we’re, Keith Ellison, Biden, “ Kamala Harris, Biden ”, ” Ellison, Andy Levin, , Rosh Hashanah, Ro Khanna, Benjamin ] Netanyahu, ” Khanna Organizations: Democratic, Biden, Emgage, Harris, Lebanese, Israel, Democratic National Convention, Cornel, Minnesota, Palestine, Locations: Washington, Lebanon, Minnesota, Gaza, , Israel, Michigan, Hamtramck , Michigan, U.S, United States, Rosh
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementOne election result may cause 'seismic shocks'Partisans are convinced that this election is the most important ever, as they always are. The market isn't convinced, judging by where the VIX is trading just a month away from election day. "Let's think about a world where Trump gets into power and poses a 60% tariff on China," Orlik said.
Persons: there's, Tom Orlik, , Tim Walz, JD Vance, Kamala Harris, Donald Trump, shouldn't, who'd, Nancy Davis, Davis, Tanvir Sandhu, Sandhu, Chris Murphy, Murphy, Harris, Trump, Joe Biden, Orlik, Trump's, Murphy isn't, I'm Organizations: Service, Bloomberg, White, Trump, Bloomberg Economics, Bloomberg Intelligence, Traders, Biden, Nvidia, Qualcomm Locations: Susquehanna, China
CNBC Daily Open: A high of all-time highs
  + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 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. All-time high, againMajor U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip. But 55% of respondents think Trump will be better for the economy and on inflation.
Persons: Europe's, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Harris, Kamala Harris, Donald Trump, Trump Organizations: CNBC, Major, Micron, Swiss National Bank, Treasury, U.S . Federal Reserve, Altman, U.S Locations: Major U.S, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall Business Survey shows 50% owners believe Donald Trump will have positive impact on businessCNBC's Kate Rogers joins 'The Exchange' to share details from CNBC and SurveyMonkey's Q3 Small Business Survey.
Persons: Donald Trump, Kate Rogers Organizations: Survey, CNBC
Despite Aurora becoming a regular talking point at his rallies, a Trump campaign spokesperson declined to specify when or if the former president would visit the city. But Aurora has some important differences: It has a much larger population and has long been diverse. There has been crime, but it’s not clear how much of it is gang-related or directly attributed to increased migration. “They’re going in with guns that are beyond even military scope and they’re taking over apartment buildings,” Trump said Wednesday in North Carolina. Resources in Denver have been stretched thin — and migrants have sought housing in neighboring Aurora, where rent is cheaper.
Persons: Donald Trump, Mike Coffman, who’s, Trump, Coffman, , “ They’re, ” Trump, Cindy Romero didn’t, ” Romero, ” She’d, , Romero, Greg Abbott, Emily Goodman, ” Coffman, Goodman, ” Goodman, Tren, it’s, Todd Chamberlain, ” Chamberlain, Kamala Harris, he’d, “ I’m, “ I’ve, They’re, ” Carlos Ordosgoitti, ” Ordosgoitti Organizations: AURORA, Republican, GOP, Aurora, Trump, Dallas, Texas Gov, Resources, East, East Colfax Community, NBC, they’ve, Fox News Locations: Colo, Colorado’s, Springfield , Ohio, , Charleroi, Pa, Aurora, North Carolina, Denver, East Colfax, Venezuelan, He’s, Venezuela
Time has officially run out for House Republicans to impeach Biden before the election. Lawmakers took their last votes of the week on Wednesday and won't return until mid-November. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter nearly two years, the Republican effort to impeach President Joe Biden can be declared dead. While it's technically possible Republicans would attempt to impeach Biden in the final months of his presidency, it's highly unlikely.
Persons: Biden, Lawmakers, He's, , Joe Biden, it's, Kamala Harris, Donald Trump Organizations: House Republicans, Service, Republican, Business
Americans are fretting over the job market
  + stars: | 2024-09-24 | by ( Bryan Mena | ) edition.cnn.com   time to read: +2 min
Washington CNN —America’s slowing job market is taking a toll on people’s moods. The Conference Board’s latest consumer survey showed that Americans became much more pessimistic about the US economy’s current health and the future of the job market. “September’s decline was the largest since August 2021 and all five components of the Index deteriorated.”The US job market is in decent shape, but it is clearly running at a much slower pace these days than it has in recent years. Peterson said the weaker-than-expected survey results “reflected consumers’ concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages.”The job market’s fate is unclear. Employers might be holding back on hiring for two good reasons: Uncertainty over the upcoming US presidential election and the fate of interest rates, CNN previously reported.
Persons: , Dana Peterson, mightily, Peterson, Jerome Powell, Kamala Harris, Donald Trump Organizations: Washington CNN, Conference Board, Employers, Federal Reserve, CNN
Here are 19 stocks that will do best if Republicans sweep, and 19 others to buy if Democrats win. Go to newsletter preferences Thanks for signing up! Either Donald Trump will take back the Oval Office, or Vice President Kamala Harris will get the promotion of a lifetime. Throughout 2024, Business Insider has rounded up ideas about the intersection of the election and markets from firms like Bernstein, Goldman Sachs, and Barclays, plus investing legends like Steve Eisman. This story is available exclusively to Business Insider subscribers.
Persons: Donald Trump, Kamala Harris, , Bernstein, Goldman Sachs, Steve Eisman Organizations: Service, Republican, Democratic, Barclays, Business
Harris is expected to attend a service at the Memorial plaza at ground zero in New York City, as is Trump, according to a source familiar with his plans. Harris and Biden — and Trump — will then travel to Shanksville, Pennsylvania, home of the Flight 93 memorial. Tim Walz, is expected to commemorate the 9/11 anniversary in his home state. In 2016, Trump and former Secretary of State Hillary Clinton attended a 15th anniversary service, but Clinton departed abruptly and appeared unsteady as she left. Trump, a New York native, did not attend the memorial in 2021, making stops instead at a police station and a firehouse.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karine Jean, Pierre said Biden, Biden —, Trump, Biden, Tim Walz, Hillary Clinton, Clinton, ” Harris, Organizations: Pentagon, Minnesota Gov, Democratic, Air Force Locations: New York City, Shanksville , Pennsylvania, Shanksville, York, Asia, Alaska, New York
US Vice President and Democratic presidential candidate Kamala Harris listens to former US President and Republican presidential candidate Donald Trump speak during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained more than 3% and more than 2%, respectively, in morning trading. The benchmarks are down 28% and 11% this year as uncertainty over the outcome of the election has clouded the outlook for the clean energy industry. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James analyst Ed Mills told clients in a note late Wednesday night.
Persons: Kamala Harris, Donald Trump, Sunnova, Harris, Trump, Raymond James, Ed Mills Organizations: Democratic, Republican, National Constitution Center, Clean Energy, New York Times, Siena College, White, Citi, White House Locations: Philadelphia , Pennsylvania
GOP senators 'hesitant' to mandate IVF coverageBut there is scant evidence of a Republican appetite for that plan in Congress. “I don’t know that we need to go so far as to mandate IVF coverage,” Lummis said. Rep. Jim Banks, R-Ind., a former chair of the conservative Republican Study Committee and a Senate candidate, said he hasn’t seen a Trump policy plan on IVF to evaluate. “I don’t know what that would look like — to make it free.”Democrats say Trump is lying and trying to bamboozle voters. “Donald Trump will say anything that he thinks might be one more vote in favor of Donald Trump.
Persons: WASHINGTON — Donald Trump’s, Trump, , , Marjorie Taylor Greene, aren’t, Greene, isn’t, Sen, Josh Hawley, “ it’s, ” Hawley, hadn’t, ” Trump, “ We’re, it’s, Thom Tillis, we’ve, We’ve, ” Sen, Joni Ernst, Bill Cassidy, Trump hadn’t, ” Cassidy, that’s, It's, Cynthia Lummis, ” Lummis, Karoline Leavitt didn’t, Rand Paul, it'd, ” Paul, you’re, Tim Burchett, Jim Banks, hasn’t, Elizabeth Warren, ” Warren, “ Donald Trump, Donald Trump, Ohio Sen, Vance, Donald Trump’s, ” “ Trump, Katie Britt, ” Britt Organizations: Trump, NBC News, Republicans, Congress, NBC, Republican Party, Republican, Health, Education, Labor, Pensions, Democratic Party, Alabama Supreme, CBS, Democratic, , GOP, Committee, Senate, Ohio Locations: Iowa, Alabama, Ky
Business Insider's Brent D. Griffiths has a rundown on everything you need to know heading into tonight . A newly released Times/Siena poll shows Trump holding just a one-point advantage over Harris among likely voters. For Trump, the focus will likely be the economy, which is a high priority for voters and also a sore spot for Harris. The latest Times poll showed Trump (55%) held a big advantage over Harris (42%) regarding who would be better equipped to handle the economy. Trump will also likely target Harris' biggest vulnerabilities , which may include trying to define her shifting views as disingenuous flip-flops, Brent writes.
Persons: , he'll, it's, Jose Luis Pelaez, Michael Ciaglo, Getty, Tom Williams, Tyler Le, Kamala Harris, Donald Trump, Insider's Brent D, Griffiths, Harris, BI's John L Dorman, Trump, Brent, Jenny Chang, Rodriguez, BI's Bradley Saacks, It's, BI's Alice Tecotzky, Sébastien Thibault, Goldman Sachs, Torsten Sløk, Anson Chan, Brian Niccol, hasn't, Putin, Andrew Cuomo, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Elon, Business, Jose Luis Pelaez Inc, Trump, BI Bitcoin, Arab League Locations: Philadelphia, Siena, Silicon Valley, China, America, Russia, Ukraine, Cairo, Israel, Gaza, New York, London
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