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A gag order against one of Trump’s biggest foes could score political points and help him and his co-defendants in the short term. Then, McAfee appeared to suggest a gag order may be necessary. “I don’t know a reason to have a gag order right now,” Parker told CNN. The former president already faces a gag order in his criminal hush money case that’s headed to trial later this month in New York. And several other defendants in the Georgia case, including former Trump attorney Rudy Giuliani and former Georgia GOP Chairman David Shafer, have offered commentary on the case and Willis on social media.

Persons: Donald Trump, Fani Willis, Willis, juggles, Trump, Scott McAfee, ” Willis, McAfee, Nathan Wade, Wade, Wade’s, ”, I’ve, ” McAfee, Willis ’, Steve Sadow, Michael J, Moore, ” Moore, they’ve, Buddy Parker, John Eastman, hasn’t, ” Parker, “, ” Willis ’, ‘, ’ ” McAfee, Rudy Giuliani, David Shafer Organizations: CNN, Trump, McAfee, Middle, Georgia GOP, gander Locations: Georgia, Atlanta, Fulton County, Middle District, Trump, “, New York, we’re

☆ CNBC Daily Open: No 'cracks' in U.S. strong jobs growth
▼ + stars: | 2024-03-25 | by ( Sumathi Bala | ) 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. The blue-chip Dow slipped 0.77%, but gained just under 2% for its best week since December, nearing the 40,000 level. Overall, total deal value in the region plunged last year to its lowest since 2014 amid a fundraising slowdown. "We really believe in style diversification and feel that remaining diversified with value and growth stocks remains prudent," Benson said.

Persons: Dow, Joe Biden, Biden, Aaron Benson, Baird, Benson Organizations: CNBC, Nasdaq, Bain & Company, Biden, Saturday Locations: U.S, Japan, Asia Pacific, China

☆ CNBC Daily Open: U.S. labor market is in 'good shape'
▼ + stars: | 2024-03-25 | by ( Sumathi Bala | ) 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. Asia stocks mixedAsia markets were mixed Monday with a slew of inflation data from the region due for release this week. Wall Street ended Friday on a mixed note ahead of a shortened four-day trading week due to the Good Friday holiday. "We really believe in style diversification and feel that remaining diversified with value and growth stocks remains prudent," Benson said.

Persons: Seng, Dow, Kristalina Georgieva, Aaron Benson, Baird, Benson Organizations: CNBC, CSI, Nikkei, Nasdaq, IMF, China, International Monetary Fund, Intel, AMD, Financial Times Locations: Asia, China, Beijing

☆ Why a small China-made EV has global auto execs and politicians on edge
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.

Persons: It's, Terry Woychowski, Warren Buffett, —, BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, –, GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, –, China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province

☆ Right-wing outlets facing 2020 election defamation lawsuits may have found a key defense overseas
▼ + stars: | 2024-03-11 | by ( Marshall Cohen | ) edition.cnn.com time to read: +6 min

CNN —An alleged bribery scheme in the Philippines has thrown a potential lifeline to Fox News and other right-wing media outlets that are battling massive defamation lawsuits from the voting technology company Smartmatic for their promotion of 2020 election lies. The overseas scandal washed ashore last year when the Justice Department charged the Philippines’ former election commissioner with money laundering. Since then, Fox News, Newsmax and OAN have seized on the allegations, attempting to obtain new documents about potential wrongdoing by Smartmatic that could boost their defense. None of the allegations levied by US prosecutors in court filings pertain to vote-flipping or alleged rigging of election results. Last year, Fox paid a historic $787 million settlement with another election technology company, Dominion Voting Systems, for its promotion of similar election lies.

Persons: CNN —, Smartmatic, Newsmax, Donald Trump, Andres Bautista, Bautista, Fox, Nicolas Maduro, —, Smartmatic “, ”, Trump, “ Smartmatic, ” OAN, Eric Davis, OAN, “, OAN –, ” Smartmatic, hasn’t Organizations: CNN, Fox News, Justice Department, Trump, OAN, Philippine, Smartmatic, Fox, Dominion Voting, Lawyers Locations: Philippines, California, Venezuela, Manila, Smartmatic, Miami, Delaware, Brazil, United Kingdom, Netherlands, Belgium, Kenya, Oman, Switzerland, Taiwan

Federal Reserve Chairman Jerome Powell stuck to his script that it is not yet time to begin cutting interest rates on Wednesday in the first of two appearances this week on Capitol Hill. The Fed has taken interest levels to their highest in decades in a battle to bring inflation down to the central bank’s 2% annual target. “The labor market remains relatively tight, but supply and demand conditions have continued to come into better balance,” Powell said. Job vacancies have declined, and nominal wage growth has been easing.”Powell and other Fed officials have repeatedly said they will judge whether to begin lowering interest rates on the state of incoming economic data. In his testimony, Powell did acknowledge that interest rates are “likely” at their peak for this economic cycle.

Persons: Jerome Powell, ” Powell, Powell, ”, Lydia Boussour, EY Organizations: Capitol, Financial Services, Labor Department, ADP, Federal Reserve Bank, Atlanta’s

☆ Republicans to grill James Biden behind closed doors in critical interview as GOP looks for lifeline in impeachment probe
▼ + stars: | 2024-02-21 | by ( Annie Grayer | ) edition.cnn.com time to read: +11 min

Hunter Biden is expected to show for his closed-door interview next week, after intense deliberations that almost collapsed. The first check Republicans revealed went to Joe Biden in 2018 for $200,000 from James Biden and James’ wife Sara Biden. What other Biden family business associates have saidBeyond Fox and Langston, Republicans have recently interviewed a number of key Biden family business associates. Walker also attended a 2017 business meeting with Hunter Biden and Chinese business associates, where Joe Biden made an appearance. Another longtime Biden family business associate, Eric Schwerin, performed administrative and bookkeeping tasks for then-Vice President Joe Biden from 2009 to 2017.

Persons: Joe Biden, Hunter, James, Wednesday, Biden, Hunter Biden, Mike Johnson, —, David Weiss, Hunter Biden’s, Alexander Smirnov, Robert Hur’s, Biden’s, James Biden, James ’, Sara Biden, ”, James Comer, Comer, Carol Fox, ‘ Biden, ’, Fox, James Biden’s, Joseph Langston, Langston, “, “ Jimmy Biden, ” Langston, Rob Walker, Walker, Biden —, ” Walker, ‘, ’ ”, Eric Schwerin, ” Schwerin, Mervyn Yan, Kevin Morris, Tony Bobulinski, Georges Bergès, White, Bergès, ” Bergès Organizations: Republicans, GOP, CNN, FBI, Burisma Holdings, undercutting, White, Democratic, Banking, Republican, Biden, Kentucky Republican, Fox, Langston, “, White House Locations: South Korea, Washington ,, China, Kentucky, Americore, Romania, American

As the war continued to rage in Ukraine’s east, much of its Western border was blocked on Tuesday by another fight, this one with Polish farmers. The farmers have for months been protesting an influx of Ukrainian products that they say is crowding the Polish market and undercutting their livelihood. On Tuesday, they obstructed check points for commercial transportation, halted the passage of about 3,000 Ukrainian trucks and opened some train cars containing Ukrainian grain, spilling it onto the rails. “It’s either us or them,” a Polish farmer said on Tuesday on the Polish TV channel Polsat News. “Someone must be interested in us.”The demonstration prompted a counterprotest in Ukraine, where previous blockades by Polish truckers have hampered the supply chain of goods reaching the country, causing shortages that have begun to affect soldiers on the battlefield.

Persons: It’s, ” Organizations: Polsat Locations: Polish, Ukraine

☆ NATO: Record 18 states expected to meet 2% defense spending threshold this year
▼ + stars: | 2024-02-14 | by ( James Frater | Joshua Berlinger | ) edition.cnn.com time to read: +2 min

CNN —Eighteen of NATO’s 31 members are expected to spend at least 2% of their GDP on defense this year, the treaty organization’s leader said on Wednesday. “That is another record number and a six-fold increase from 2014 when only three allies met their target,” NATO Secretary-General Jens Stoltenberg said Wednesday ahead of a meeting between the alliance’s defense ministers in Brussels. Former US President Donald Trump, who is running for reelection in November, brought renewed scrutiny to the issue of defense spending among NATO members last weekend, when he said at a rally he would encourage Russia to do “whatever the hell they want” to any NATO member country that doesn’t meet spending guidelines on defense – effectively undercutting the collective defense clause at the heart of the treaty. The German Defense Ministry said Wednesday that its 2024 budget will see its defense spending meet the 2% threshold for the first time since the early 1990s. NATO as a whole is expected to reach the 2% threshold for the first time this year.

Persons: Jens Stoltenberg, Donald Trump, –, Stoltenberg, ” Stoltenberg, ” Organizations: CNN, NATO, Allies, German Defense Ministry Locations: Brussels, Russia, Canada, Germany

☆ Baltic, Nordic Lawmakers Complain That US Lacks Urgency on Ukraine Aid
▼ + stars: | 2024-02-08 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

By Jonathan LandayWASHINGTON (Reuters) - Senior Nordic and Baltic lawmakers visiting Washington on Thursday expressed alarm at what they called a lack of urgency and a clear strategy by the United States to help Ukraine defeat Moscow's invasion. "Guys, wake up," Zygimantis Pavilionis, chairman of the Lithuanian parliament's foreign affairs committee, said in comments directed at Democrats and Republicans. All but Sweden are NATO members. Delegation members said they met administration officials and lawmakers, but mainly sought to speak to Republicans resisting fresh aid. "All of our countries around this table have (given) more than 1% of GDP of military aid to Ukraine.

Persons: Jonathan Landay WASHINGTON, Vladimir Putin, Pavilionis, Rihards Kols, Joe Biden, Marko Mihkelson, Kols, Jonathan Landay, Don Durfee, David Ljunggren Organizations: Nordic, Baltic, U.S, NATO, Lithuanian, Democrats, Republicans, Ukraine, Kyiv, Estonian Locations: Washington, United States, Ukraine, Moscow's, Russian, Latvia, Estonia, Lithuania, Sweden, Denmark, Iceland, Norway, U.S, Latvian, Europe, The U.S, Russia, Moscow

SOFIA, Bulgaria (AP) — Hundreds of angry farmers took to the streets in Bulgaria’s capital, Sofia, on Monday to complain of what they called “the total failure” of the government to meet the mounting challenges of the agricultural sector. They called on Agriculture Minister Kiril Vatev to step down for not keeping his promises to ease the administrative burden on the farming sector, to seek state compensation for high costs and falling incomes. Ventsislav Varbanov, who chairs the Association of Agricultural Producers, complained that the government is adding more undue burdens, instead of seeking some relief for the farmers. The association expressed discontent with a statement made by Prime Minister Nikolay Denkov in response to their demands for compensation that only grain producers who can prove a loss for 2023 will receive financial support. The association wants some form of compensation for all grain producers.

Persons: Kiril Vatev, Ventsislav Varbanov, Varbanov, Nikolay Denkov Organizations: Agriculture, of Agricultural Producers Locations: SOFIA, Bulgaria, Bulgaria’s, Sofia, Europe, Ukraine

☆ Farmers’ protests have erupted across Europe. Here’s why
▼ + stars: | 2024-02-03 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +10 min

This week, the farmers’ protests struck at the heart of the European Union, when they rolled into Brussels on Thursday as leaders held a major summit on Ukraine. The EU has waived quotas and duties on Ukrainian imports in light of Russia’s invasion of Ukraine. “In Germany, it was really focused on diesel, so starting to tax diesel for tractors. France this week announced a series of measures for farmers in light of the protests. This has already been seen in Germany, when the far-right Alternative for Germany (AfD) involved itself in the protests and expressed solidarity with the farmers.

Persons: ”, Sebastien Bozon, Kay Nietfeld, Hugo Auge, Chancellor Olaf Scholz’s, Dimitar Dilkoff, Emmanuel Mathé, “, we’re, Anger, Renaud Foucart, Sakis Mitrolidis, Stefano Guidi, Gabriel Attal, Attal, Ursula von Der Leyen, Rob Engelaar Organizations: CNN — Farmers, CNN, European Union, Toulouse, BFMTV, Getty Images Farmers, AP, Farmers, Getty, ” Farmers, EU, Lancaster University, Deal, Green, European Commission, French, Farmer, Citizen Locations: Europe, Paris, France, Italy, Spain, Romania, Poland, Greece, Germany, Portugal, Netherlands, Eastern Europe, EU, Brussels, Ukraine, Zandvliet, Meer, Lyon, Vesoul, AFP, Berlin, Thessaloniki, Spanish, Hamburg, Cologne, Bremen, Nuremberg, Munich, Eastern, Bulgaria, Yvelines, French, Noisy, Seine et Marne, England, Novara, Belgium, Arendonk, Dutch

☆ Biden family business associate had no contact with Joe Biden, lawyer says
▼ + stars: | 2024-01-25 | by ( Annie Grayer | ) edition.cnn.com time to read: +4 min

House Republicans interviewed a former business associate of Hunter and James Biden on Thursday who told Congress ahead of the interview he had “no contact” with President Joe Biden, according to a letter obtained by CNN. “He never heard mention of President Biden with respect to any of the transactions pursued by Hudson West III and is unaware of any involvement President Biden may have had with his son’s business pursuits,” Dayananda added. As a result, Dayananda wrote, “Mr. He has had no professional contact or communication with President Biden at any time,” Dayananda wrote in May to Comer. Hunter Biden began to “investigate potential infrastructure projects” with the Chinese-backed energy company, CEFC, in 2015, when Joe Biden was vice president, according to the recent indictment in the federal tax case against the president’s son.

Persons: Hunter, James Biden, Joe Biden, James Comer, Mervyn Yan, Yan, Biden, ” Yan, Soumya Dayananda, Comer, “, ” Dayananda, Dayananda, “ Mr, Biden’s, ”, Hunter Biden, Gongwen Dong, “ Mervyn Yan, Mervyn Yan’s, ” Comer, Jamie Raskin Organizations: Republicans, CNN, Republican, Hudson West, Hudson, ” Republicans, Yan Locations: United States, Kentucky, American, III

☆ Why China poses a growing threat to the U.S. auto industry
▼ + stars: | 2024-01-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Tesla CEO Elon Musk, whose company operates a large plant in China, has said Chinese automakers are the greatest competitors for his Texas-based company. "They were 26% [market share] a few years ago, up to more than 50% in 2022 and headed towards two-thirds by the end of the decade." Chinese companies have begun expanding into Mexico, Europe and elsewhere, Wakefield said. The EU believes Chinese EVs are undercutting the prices of local models by about 20% in the European market. The influx of Chinese EVs has spurred the European Union to launch into government support for the industry.

Persons: —, Carlos Tavares, Elon Musk, Tesla, Musk, BYD, Massimo Pinca, Reuters BYD, Kristin Dziczek, Mathew Vachaparampil, Bernstein, Eunice Lee, Mark Wakefield, Evelyn Cheng, hasn't, Wakefield, That's Organizations: GM, Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, DETROIT, American, of, SAIC, Dongfeng, General Motors, U.S . Bureau, Analysis, America —, Chrysler, America's GM, Ford Motor, automakers, The New York Times, Economist, Reuters, Federal Reserve Bank of Chicago's, Caresoft, Overseas, Chicago, CNBC, European Union, EU, Union, Volvo, Karma, Ford, U.S, Buick, Lincoln Nautilus Locations: Shanghai, U.S, of China, Asia, Europe, China, Japan, Nio, Mexico, Korea, Germany, Beijing, Texas, Turin, Italy, Federal Reserve Bank of Chicago's Detroit, AlixPartners, Russia, America

UVALDE, Texas (AP) — Families of the children and teachers killed in the Uvalde, Texas, school massacre are renewing demands for criminal charges after a scathing Justice Department report again laid bare numerous failures by police during one of the deadliest classroom shootings in U.S. history. The Justice Department report says the FBI has assisted the Rangers but is not doing its own investigation. But she pushed back that timeline in December and said Thursday that she will need time to review the voluminous Justice Department report. Produced by a Justice Department office that supports local police, the document is among the most comprehensive accountings to date of what went wrong. The Department of Justice report faults state and local officials with undercutting the public's trust in law enforcement by repeatedly releasing false and misleading information about the police response.

Persons: “, ”, Velma Lisa Duran, Irma Garcia, Uvalde, General Merrick Garland, Will, Joe Biden, Pete Arredondo, Attorney Christina Mitchell, ” Mitchell, Uvalde's, Sen, Roland Gutierrez, Brett Cross, Uziyah Garcia, Garland, Mitchell, Greg Abbott, Jesse Rizo, Jacklyn Cazares, ___ Bleiberg, Zeke Miller Organizations: —, Department, Robb Elementary School, U.S, Texas Department of Public Safety, Texas Rangers, The, FBI, Rangers, Texas DPS, Attorney, Republican, Democratic, Justice Department, Associated Press Locations: UVALDE, Texas, , Texas, Uvalde County, San Antonio, Dallas, Washington

☆ Tesla slashes car prices across Europe after similar cuts in China
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Tesla on late Tuesday trimmed prices for its Model Y cars across several countries in Europe, a week after announcing similar price cuts for its Model 3 and Model Y cars in China. In France, Tesla lowered prices on its Model Y cars by as much as 6.7%, while in the Netherlands, Tesla reduced prices for the Model Y by up to 7.7%. The reductions come after Tesla announced price cuts for its Model 3 and Model Y cars in China. The company has reduced prices for its cars aggressively in China over the past year or so, undercutting local competitor BYD. Tesla trimmed prices of the Model 3 by 6% compared to December last year, also taking prices for the Model Y down by 11%, according to data from JL Warren Capital.

Persons: Tesla, Warren Buffet Organizations: BYD, JL Warren Capital, Volkswagen, U.S Locations: Europe, China, Germany, France, Norway, Netherlands, Red, Iran, Berlin, Brandenburg

The U.S. is no stranger to measles cases, though these incidents come amid concerns about vaccine hesitancy and lowered immunity leaving people at risk. Where Measles Cases Have Been ReportedOfficials with the Philadelphia Department of Public Health are tracking a measles outbreak totaling eight confirmed cases in the area. Over the weekend, health officials in Camden County, New Jersey, said they were “closely monitoring” a confirmed measles case there. At the same time, annual data shows measles cases occur in the U.S. each year. In 2019, the U.S. saw nearly 1,300 measles cases across 31 states, marking the highest number since 1992 and a record high since measles was considered eliminated from the country.

Persons: Ronald Reagan, who’s, – Organizations: Philadelphia Department of Public Health, Nemours Children’s Hospital, Washington , D.C, Virginia Department of Health, Dulles International Airport, Ronald Reagan Washington National, Ronald Reagan Washington National Airport, “ Health, Birmingham Children’s Hospital, Centers for Disease Control, CDC Locations: United Kingdom, The U.S, Camden County , New Jersey, Delaware, Philadelphia, Nemours, Wilmington, Washington ,, Ronald Reagan Washington, Washington, Clark, Wahkiakum, U.S, England, Wales, Birmingham, New York City, United States

☆ Roche’s late obesity punt offers wider market cure
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann Acquire Licensing RightsLONDON, Dec 4 (Reuters Breakingviews) - Roche’s (ROG.S) foray into the prospective $100 billion obesity market can bring wider benefits. On Monday, the $224 billion Swiss pharma group said it had agreed to take over weight-loss drug developer Carmot Therapeutics for $2.7 billion. Market leader Novo Nordisk (NOVOb.CO) is already selling obesity drugs in the U.S. and parts of Europe. Still, Schinecker’s obesity bet could turn successful if it ends up undercutting obesity pioneers on prices. With over 1 billion people globally classed as seriously overweight, other drugmakers will follow Roche on the obesity bandwagon.

Persons: drugmaker Roche, Arnd, Eli Lilly’s, Thomas Schinecker, Eli Lilly, Eccogene, Roche, Aimee Donnellan, Neiman Marcus, Lisa Jucca, Oliver Taslic Organizations: REUTERS, Reuters, Swiss pharma, Carmot Therapeutics, Novo Nordisk, U.S . Food, Drug Administration, AstraZeneca, Novo, X, Saks, Thomson Locations: Basel, Switzerland, U.S, Europe, Hong Kong

☆ Why are real estate commissions 6%? – and why that’s about to change
▼ + stars: | 2023-12-03 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.

Persons: Sellers, ”, Jordan Barry, “, Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York

BANGKOK (AP) — Shares slipped in Asia on Wednesday, tracking a decline on Wall Street a day after stocks there hit their highest level since the start of August. Troubled property developer Sunac China Holding's shares rose 2.3% as state media reported it had completed a restructuring of its $90 billion in debts. Retailers were mixed after several reported their earnings for the latest quarter and, more importantly, their forecasts for the upcoming holiday shopping season. Lowe’s sank 3.1% despite reporting better profit for the latest quarter. Best Buy dipped 0.7% after likewise beating analysts’ expectations for profit in the latest quarter but falling short on revenue and cutting its forecast for the full year.

Persons: OpenAI's, Sam Altman, Altman, Satya Nadella, OpenAI, “, ”, Bret Taylor, Larry Summers, Adam D’Angelo, Australia's, Stocks, Brent Organizations: Microsoft, U.S ., Federal Reserve, University of Michigan, Nikkei, China, Dow Jones, Nasdaq, Lowe’s, Dick’s, Goods, Federal, Deutsche Bank, Fed, Treasury, New York Mercantile Exchange, U.S Locations: BANGKOK, Asia, Tokyo, Mumbai, U.S, Japan, OpenAI, Francisco, Adam D’Angelo ., Seoul, Hong Kong, Shanghai, Taiwan, Thailand

HONG KONG (AP) — Asian shares were higher Monday after Wall Street closed its third straight winning week with a tiny gain. U.S. futures were lower while oil prices gained as investors looking ahead to OPEC plus meetings. Australia’s S&P/ASX 200 edged 0.1% higher to 7,058.40. The Dow Jones Industrial Average inched up less than 0.1% to 34,947.28 and the Nasdaq composite gained 0.1% to 14,125.48. It had been trading near 152 yen to the dollar last week, but analysts said expectations for lower U.S. interest rates are driving sales of dollars, pushing the yen higher.

Persons: Australia’s, Taiex, what’s, Jerome Powell, it’s, Brent Organizations: Nikkei, China, Dow Jones, Nasdaq, Wall, Ross, BJ’s Wholesale, Companies, Federal Reserve, Fed, U.S Locations: HONG KONG, Hong Kong, Shanghai, South Korea, Bangkok

WASHINGTON— Mike Johnson ’s grace period is likely over with House Republicans, with griping and obstructionism firing up again from different wings of his party, undercutting his efforts to unify the GOP heading into a rebooted budget fight. After winning the gavel in late October, the Louisiana Republican averted a crisis this past week and passed a short-term spending bill that funds the government through early next year. But to do so, the new speaker had to rely on large numbers of Democrats, with 95 members of his own party voting against that deal because they said it did too little to cut federal spending or secure the border.

Persons: WASHINGTON, Mike Johnson ’ Organizations: House Republicans, Louisiana Republican Locations: Louisiana

☆ For Biden, a Subtle Shift in the Power Balance With China’s Xi Jinping
▼ + stars: | 2023-11-16 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

When President Biden met President Xi Jinping on Wednesday on the edges of Silicon Valley, there was a subtle but noticeable shift in the power dynamic between two countries that have spent most of the past few years denouncing, undercutting and imposing sanctions on each other. For the first time in years, a Chinese leader desperately needed a few things from the United States. Mr. Xi’s list at the summit started with a revival of American financial investments in China and a break in the technology export controls that have, at least temporarily, crimped Beijing’s ability to make the most advanced semiconductors and the artificial intelligence breakthroughs they enable. All this may explain why Mr. Biden’s aides were able to negotiate, fairly quickly by Chinese diplomatic standards, potentially major breakthroughs on stopping the flow of the chemical precursors for fentanyl to the United States and a resumption of military-to-military communications, critical for two superpowers whose forces bump up against each other every day. The lurking question now is whether Mr. Xi’s charm offensive — on full display Wednesday night as he entertained chief executives — marks a lasting shift or a tactical maneuver.

Persons: Biden, Xi Jinping, crimped, Biden’s Locations: Silicon Valley, United States, China

USDA pegged U.S. corn yield at 174.9 bushels per acre, up from 173 last month and above nearly all estimates, which on average predicted a slight increase. It was the most bearish corn yield in a November report since 2017. That could negatively impact Brazil’s second corn production, as was the case after the 2015-16 El Nino, rerouting corn demand to the United States. USDA left Brazil’s 2023-24 soy crop unchanged at 163 million metric tons this month, but it raised the prior crop by 2 million tons to 158 million, suggesting exports are outperforming prior crop expectations. However, USDA has flashed 2.85 million tons (105 million bushels) of U.S. soybean sales so far this week, mostly to China and unknown destinations.

Persons: Dane Rhys, El, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, U.S . Department, USDA, El Nino, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Brazil, United States, China

☆ The UAW won big against Detroit automakers. Unionizing Tesla and Toyota will be tougher
▼ + stars: | 2023-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +11 min

But the UAW’s ambitious plans to organize Tesla and other non-union automakers face steep odds. To grow, the UAW will need to gain a foothold at non-union automakers, which produce more than half of the cars assembled in the United States. Historically, UAW talks with the Detroit automakers have been closely watched by non-union automakers and suppliers. Anti-union companiesThe UAW will have to overcome weak protections for labor organizing in the United States and automakers’ aggressive tactics to defeat unions. It may be easier for UAW to organize Volkswagen and other European automakers like BMW and Mercedes-Benz than automakers from Asia, experts say.

Persons: Tesla, Shawn Fain, ”, Harry Katz, “, Thomas Kochan, Tesla's, Justin Sullivan, Bill Lee, Nikki Haley, Joe Biden, Kochan, ” Kochan, “ There’s, “ Fain, he’s, Harley Shaiken, Jesse Jackson, John J, Kim, Elon Musk, Musk, “ Tesla, ” Shaiken, Biden, Erica Smiley, Smiley, ‘ we’ve, won’t Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Jeep, Chrysler, Detroit automakers, UAW, American, Toyota, Hyundai, Honda, Volvo, Mercedes, BMW, Nissan, Volkswagen, Cornell University’s School of Industrial and Labor Relations, Labor, Companies, Employers, National Labor Relations Act, MIT Sloan School of Management, Getty, Workers, Benz, Tennessee Gov, Former South Carolina Gov, Environmental Defense Fund, Alabama, M University, Jackson State University, University of California, Berkley, Chicago Tribune, Tribune, Service, Tesla, National Labor Relations Board, Employees, Bloomberg, CNN, Biden Union, Union, Biden, Justice, Detroit Locations: New York, United States, California, Texas, Tesla's Fremont , California, Tennessee, Kentucky, Alabama, Volkswagen’s, Chattanooga, Michigan, Detroit, Chicago, Chattanooga , Tennessee, Asia, Europe, Tesla’s Fremont California, ”

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