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☆ 10 things to watch in the stock market Friday including big earnings movers
▼ + stars: | 2024-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Citigroup opened a negative catalyst watch on Ulta Beauty and lowered its price target to $375 in anticipation of an earnings miss next week. Club holding TJX Companies ' quarterly results topped expectations earlier this week, and it also lifted its guidance. Uber has a similar partnership with Club holding Alphabet 's Waymo in Phoenix. 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: Jerome Powell's, Jackson, Piper Sandler, Chewy, Wynn, Locker, Mary Dillon, Uber, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Federal, Nasdaq, Dow, Citigroup, UBS, Las Vegas Sands, Wynn Resorts, Ross, TJX Companies, Burlington Stores, Nike, Piper, Cruise, Club, BJ's Wholesale, Jim Cramer's Charitable, CNBC Locations: Macau, Las Vegas, Cava, Wells Fargo, Phoenix

☆ Workday stock gains as software provider widens 2027 margin target
▼ + stars: | 2024-08-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Subscription revenue growth grew 17%. With respect to guidance, Workday is now looking for an adjusted operating margin of 25.25% in the 2025 fiscal year, compared with the 25% forecast it provided in May. In September 2023, Workday said it was targeting a 25% adjusted operating margin for fiscal year 2027 and subscription revenue growth between 17% and 19%. Deutsche Bank analysts led by Brad Zelnick increased their 12-month price target on Workday stock to $275 from $265. "The increased 30% operating margin target was the big upside surprise as it is now committed both sooner and greater than most were expecting," the analysts wrote.

Persons: Carl Eschenbach, Zane Rowe, Rowe, We're, Brad Zelnick, Piper Sandler, Jerome Powell, Carl Eschenbach didn't, Julie Biel Organizations: Deutsche Bank, Citi, Evercore ISI, Computing Fund Locations: Davos, Switzerland

☆ I'm an American living in Paris with my French husband. We sometimes fight over our cultural differences.
▼ + stars: | 2024-08-23 | by ( Dufflyn Lammers | ) www.businessinsider.com time to read: +4 min

We come from very different culturesI soon realized that few private homes in France have an A/C unit. "Oh la la," he often says and rolls his eyes. "Oh la la," I mimic him with a smile. Most of the time, I just keep my faith in silence and try not to gloat when I make impossible things possible. Now that global warming has brought the heat of Texas to Paris, I have finally bought an A/C unit.

Persons: —, Benjamin, he'll Organizations: Service, Business, WHO Locations: Paris, LA, France, Texas

☆ After a Big Week for Democrats, One Good Day for Trump
▼ + stars: | 2024-08-23 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: +1 min

It was a moment the political world had been wondering about for weeks. If Vice President Kamala Harris had a good convention, would it knock former President Donald J. Trump further off his game? Would all that positive press for Ms. Harris — the big ratings, celebrity froth and the double-barreled Obama zingers — drive Mr. Trump deeper into his most self-destructive patterns? Mr. Trump had turned up at the restaurant to stand among service industry workers and promote his “no tax on tips” policy proposal. He stayed mostly focused — he did not talk all about himself but rather about the plight of waiters and bartenders.

Persons: Kamala Harris, Donald J, Trump, Harris, froth, Obama, — Organizations: Internal Locations: Las Vegas

☆ Leaked Microsoft salary data shows the pay gap between Microsoft AI and the rest of the company
▼ + stars: | 2024-08-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The doc includes more than 500 submissions from people who identified themselves as Microsoft employees in the US. The move came in response to a growing number of its workers feeling underpaid compared to Microsoft's tech peers like Amazon . AdvertisementAs a reminder, this pay data is based on Microsoft employees' self-reporting, so it's not a complete picture. However, the pay gap between Microsoft AI and the rest of the company is undeniable. These are the 100 most-used AI apps, according to a top VC.

Persons: —, Chelsea Jia Feng, Insider's Ashley Stewart, Ashley, Satya Nadella, Drew Angerer, Mustafa Suleyman, it's, they're, Tyler Le, Jerome, Jerome Powell's, Goldman Sachs, Jamie Dimon's, Dimon, Ned Davis, Justin Sullivan, Andreessen Horowitz, Jenny Chang, Rodriguez, Jack, Jerome Powell, Sabrina Carpenter, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Microsoft, Business, Microsoft Microsoft, Getty, Bloomberg Creative, JPMorgan, Treasury, Ned Davis Research, Big Tech, RBC Capital Markets, Consumer, Engineers, BI Locations: Washington, New York, London

☆ Roblox went public 3 years ago—here's how much a $1,000 investment would be worth now
▼ + stars: | 2024-08-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

In this photo illustration, the Roblox app seen displayed on a smartphone screen and a Roblox logo in the background. The platform also serves as a digital social hub where users can connect with their friends online and attend virtual events. Roblox has 79.5 million average daily active users as of the second quarter of 2024, according to the company's fiscal Q2 2024 earnings report released on Aug. 1. In fiscal year 2023, Roblox counted 68.4 million daily active users, a majority of them younger than 25. CNBC calculated how much a $1,000 investment in Roblox would be worth now if you had invested in the company both one year ago and when it went public.

Persons: Roblox, Gucci, David Baszucki Organizations: Roblox Studios, NFL, PlayStation, New York Stock Exchange, CNBC Locations: Newzoo, Roblox

☆ Opinion | Billionaire Donors Have It Out for This Legal Prodigy, but President Harris Will Need Her
▼ + stars: | 2024-08-23 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

Some wealthy Harris backers have called for Khan’s replacement, including the LinkedIn co-founder Reid Hoffman, who donated $10 million to a Democratic super PAC this year. Because Harris’s economic views seemed fuzzy and her ties to Silicon Valley are strong, some on the left worried she might give in to the pressure. Wes Moore of Maryland, a close ally of the vice president, was asked on CNBC about jettisoning Khan, and suggested that Harris might break from President Biden’s aggressive approach to antitrust. “There are going to be different dynamics that are going to require different philosophies,” said Moore. As the broad outlines of Harris’s economic approach have emerged over the last week, it seems at least as populist as Biden’s.

Persons: Kamala Harris, Lina Khan —, —, Harris, Reid Hoffman, Barry Diller, Khan, Wes Moore, jettisoning Khan, Biden’s, ”, Moore Organizations: Democratic, Federal Trade Commission, LinkedIn, CNBC, IAC, Expedia, Gov Locations: Silicon, Maryland

☆ Americans just got the biggest confirmation yet of an interest rate cut next month — but the job market hangs in the balance
▼ + stars: | 2024-08-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

He offered details on the Fed's thinking as the next Federal Open Market Committee meeting approaches in September, with all eyes on the first interest rate cut since the pandemic began. AdvertisementIt's all but certain that the Fed will cut rates in September. That leaves the big question of how much — not if — the Fed will cut rates, and the upcoming jobs report will likely shed some light on that question. "Today, the labor market has cooled considerably from its formerly overheated state. "But the inflation and labor market data show an evolving situation.

Persons: Jerome Powell, Powell, Jackson, precarity, Austan Goolsbee, we've Organizations: Service, Federal, Business, CME, Bureau of Labor Statistics, Democratic, Chicago Fed

☆ Gen Z women are leaning into office-inspired clothing — but they're not wearing it to the office
▼ + stars: | 2024-08-23 | by ( Amanda Yen | ) www.businessinsider.com time to read: +8 min

Quang attributes the unexpected virality to a digital trend that first appeared at the end of 2023: the office siren. AdvertisementGoogle Trends shows searches for the term "office siren" increased tenfold between the first week of May and the first week of August. The office siren is a polarizing character — a sexed-up appropriation of office wear, restyled and applied to contexts outside the office. "Obviously, I'm not wearing this to the office," Quang said. "The office siren is just a character I'm playing."

Persons: —, Julia Quang, Aritzia, Zers, Quang, Josephine Hansom, Hansom, Gen, Kirsten Classi, Zummo, she's, Corey Robinson, Abercrombie &, it's, Robinson, Heather McLean, McLean, Nancy Deihl, Gen Z, I'm Organizations: Service, Business, Brands, Abercrombie, Abercrombie & Fitch, New York University Locations: Quang, Canadian, America

☆ Crypto companies outspend Big Oil and banks in 2024 elections
▼ + stars: | 2024-08-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto companies outspend Big Oil and banks in 2024 electionsCNBC’s MacKenzie Sigalos joins 'Squawk Box' to discuss the crypto industry's impact on the 2024 presidential election.

Persons: CNBC’s MacKenzie Sigalos

☆ Why did people think Beyoncé would play at the DNC? Because TMZ said so.
▼ + stars: | 2024-08-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

ET on Friday, TMZ fessed up: BEYONCE NOT AT DNC AFTER ALL, it acknowledged. "To quote the great Beyoncé: We gotta lay our cards down, down, down ... we got this one wrong." It's that in 2024, for much of the modern media world, a TMZ report is pretty close to accepted fact. To me, TMZ's big breakthrough as a Real News Source was when it broke the news of Michael Jackson's death in 2009. And if you still aren't convinced, see this tweet from CNN's Abby Phillip, who declared that "TMZ lost a lot of credibility tonight."

Persons: —, Kamala Harris, Harris, Oprah Winfrey, Beyoncé, TMZ, I'd, I've, Time Warner, Harvey Levin, Michael Jackson's, doesn't, TMZ's, Donald Trump, Abby Phillip Organizations: Service, Democratic, Convention, Business, DNC, TMZ, Reuters, Street, Hollywood, United, National Enquirer, Rupert Murdoch's News Corp, Time, Facebook, Twitter, Washington Post, Trump Locations: Chicago

☆ Sabrina Carpenter kisses Jenna Ortega in her new music video after months of speculation about her sexuality
▼ + stars: | 2024-08-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Sure enough, the video culminates with Carpenter and Ortega sharing a kiss, just before Ortega uses a chainsaw to murder the "beloved boyfriend" in question. Related storiesIn June, the comedic podcast "Two Dykes and a Mic" featured a discussion about Carpenter's sexuality. The two hosts described Carpenter as a "big time hetero," adding, "I do not think Sabrina Carpenter has a gay bone in her body." Advertisement"As I got into bed last night, because [it] was a very late night for me, I found myself singing 'I'm working late, 'cause I'm a singer,' that Sabrina Carpenter song," Adele said onstage. Speculation began brewing about Carpenter's sexuality largely due to her live performances of "Nonsense," a single released in 2022.

Persons: —, Sabrina Carpenter's, Dave Meyers, Jenna Ortega, Carpenter's, Carpenter, Ortega, wiles, Barry Keoghan, Carpenter —, Sabrina Carpenter, Chappell Roan, Roan —, Roan, she'll, sabrina, claire rowden Organizations: Service, Business, Disney Channel

☆ Smialek: When we hit these turning points in the Economy, the labor market is the first thing to go.
▼ + stars: | 2024-08-23 | 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 EmailSmialek: When we hit these turning points in the Economy, the labor market is the first thing to go. Jeanna Smialek, New York Times, mention when the markets expect the central bank to begin easing policy next month with investors largely focusing on how big and for how long the Fed will go with those cuts.

Persons: Jeanna Smialek Organizations: Jeanna Smialek , New York Times Locations: Jeanna Smialek ,

☆ Meta says it found WhatsApp accounts linked to Iranian hackers targeting Biden, Trump officials
▼ + stars: | 2024-08-23 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta said Friday that it blocked a "small cluster" of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump. The company said in a blog post that the bogus WhatsApp accounts appeared to originate from the Iranian threat actor dubbed APT42, which other tech companies like Google previously described as an "Iranian state-sponsored cyber espionage actor." Meta said its security team was able to spot APT42's involvement after analyzing suspicious messages that an unspecified number of users reported receiving from the fraudulent WhatsApp accounts. "These accounts posed as technical support for AOL, Google, Yahoo and Microsoft," Meta said in the blog post. In 2019, Microsoft said it had identified several hackers linked to the Iranian government who were believed to have targeted an unspecified U.S. presidential campaign in addition to other government officials and media.

Persons: Meta, Joe Biden, Donald Trump, Biden, Trump, APT42 Organizations: Google, Meta, Facebook, AOL, Yahoo, Microsoft, Tech Locations: Israel, Palestine, Iran

☆ A 4th-grade teacher found a lucrative side hustle: designing decadent dorm rooms for college kids for $5,000 apiece
▼ + stars: | 2024-08-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Shelly Gates, 49, whose Jackson, Mississippi-based interior-decor firm Mary Margaret Designs focuses on college dorm rooms. It started with my daughter's dorm room at Mississippi State in 2020. There was a little "dorm room of the year" contest in one of my mom Facebook groups, and they happened to pick my daughter's room. The study corner of a room Gates designed at Ole Miss. A University of Southern Mississippi dorm room that Gates decorated.

Persons: —, Shelly Gates, Mary Margaret Designs, Gates, Shelly Gates I've, Ole, I've, Mizzou, they'll, It's, Shelly Gates I'm Organizations: Service, Business, Mississippi State, Facebook, Mississippi State University, Southern Methodist University, SMU, University of Southern, Ole Miss, Amazon, Ole Locations: Jackson , Mississippi, South, Ole Miss , Mississippi State, University of Southern Mississippi, Bama, Belmont, Arkansas, Ridgeland , Mississippi

☆ New Shopify data shows how just important influencers and social media are to merchants
▼ + stars: | 2024-08-23 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +2 min

Read previewBrands are increasingly relying on influencers and social media to boost sales. The next highest category was paid social media, at 26%, trailed by email and search-engine marketing. TikTok has placed big bets on social shopping, with its viral Shop feature growing steadily in the US. As for the most impactful marketing trends over the next year, 41% of US merchants said influencer or creator marketing would be the most important. Following that, 35% said customer data to create targeted and personalized marketing messages.

Persons: —, Shopify, TikTok Organizations: Service, Business, Social, YouTube Locations: Japan

☆ Menga Dolmen: Engineering behind Neolithic monument revealed
▼ + stars: | 2024-08-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

CNN —Each of the 32 colossal stones that make up the Menga Dolmen, a 5,600-year-old megalithic monument in southern Spain, is many times bigger than the largest megaliths at Stonehenge, the most famous Neolithic wonder. The upright stones that make up the walls of the chamber were not perfectly vertical, tilting inward at a gentle angle to make the building narrower at the roof than at the floor and creating a trapezoid-shaped chamber. The team calculated that each of the upright stones lean inward at a largely uniform angle of 84 to 85 degrees. The upright stones that form the walls also lean sideways against one another at a consistent angle. The Menga Dolmen sits atop a hill near Antequera, Spain.

Persons: ”, Leonardo García Sanjuán, “, it’s, “ I’d, Mike Parker, Pearson, ” Parker, Pearson wasn’t, José Antonio Lozano Rodríguez, plumb, Miguel Ángel Blanco, García Sanjuán, Parker, Leonardo García, We’ve Organizations: CNN, Boeing, Spain’s University of Seville, University College London, Oceanographic Center Locations: Spain, Europe, Antequera

☆ Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demand
▼ + stars: | 2024-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.

Persons: —, Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover

☆ I Work at Yellowstone With Free Housing, Meals, and 3-Day Weekends
▼ + stars: | 2024-08-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Josie Weaver, a 28-year-old employee at Yellowstone National Park. AdvertisementMammoth Hot Springs Employee Prom 2023. Me and my friend group on a Yellowstone employee ski trip to Grand Targhee. Josie WeaverSome aspects of the lifestyle can make it hard to build rootsRelationships move quickly here because we all live and work together. I've had a lot of friends who met here and got married and now have Yellowstone babies which is cool.

Persons: —, Josie Weaver, I'm, It's, There's, I've, you'll, it's, that's Organizations: Service, Business, Yellowstone's Locations: Gallatin, Middle Teton, Dunanda, Yellowstone

☆ BMW Championship: Scottie Scheffler plays down ‘sore’ back after injury concerns
▼ + stars: | 2024-08-23 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

1 Scottie Scheffler appeared to struggle with tightness in his lower back after shooting 1-under during the first round of this week’s BMW Championship on Thursday, but played down concerns it might threaten his participation in the event. “I woke up just a little sore this morning,” he said. But the American played down injury concerns, saying he would be fit enough to compete as usual for the rest of the BMW Championship. It was just a little sore. The opening round of the BMW Championship in Castle Pines Golf Club, Colorado, was delayed by three hours and 10 minutes after a storm hit the area.

Persons: Scottie Scheffler, ”, I’ve, Scheffler, Hideki Matsuyama, Matt York, Keegan Bradley, Bradley Organizations: CNN, BMW, FedEx St, Jude, Club Locations: Atlanta, Pines, Colorado

☆ ‘ManhattAnt’: What to know about the invasive ant that’s ‘taken over’ NYC
▼ + stars: | 2024-08-23 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +9 min

Researchers first spotted the insect, dubbed the “ManhattAnt,” while doing a survey on ants in New York City in 2011. By comparing the New York ants with the European ones, Seifert was able to confirm the ant’s identity. Because the nests work together instead of against one another, they can spread faster and easily dominate an area by outcompeting native species, he added. “One of the things we know about a lot of invasive ant species is they displace the native species, and the native species that they’re displacing usually have very specialized roles in the ecosystem, so you’re sort of disrupting that ecosystem when these species get introduced,” Moreau said. Time will tell whether the ant has become more than just a nuisance and is disrupting the ecosystem, Penick said.

Persons: North America —, ”, Clint Penick, Samantha Kennett, Becca Senft, Penick, Corrie Moreau, Moreau, Bernhard Seifert, Seifert, Kennett, ” Moreau Organizations: CNN, New Yorkers, Auburn University, Apple, Cornell University, Clemson University Locations: North America, Manhattan, European, Europe, New York City, Alabama, Long, New Jersey, Maine, Georgia, New York, Germany, York, South Carolina

☆ Fed Chair Powell checks the box, and our rate sensitive stocks react accordingly
▼ + stars: | 2024-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

In recent weeks, Wall Street has placed greater emphasis on jobs data as investors try to gauge the health of the U.S. economy. As we've seen at various points this summer, political developments may also be influencing moves on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jerome Powell's, Powell, Stanley Black, Decker, Jim, It's, chipmaker's, Kamala Harris, Harris, Jim Cramer's Organizations: CNBC, Federal, Jackson, Decker, Nvidia, Blackwell, Democratic National Convention, Jim Cramer's Charitable Locations: U.S

☆ Stock market today: Dow rises 462 points as stocks rally after Powell says rate cuts are coming
▼ + stars: | 2024-08-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks surged as Fed chair Jerome Powell signaled imminent interest rate cuts. "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data," Powell said. AdvertisementUS stocks rallied on Friday with the Dow Jones Industrial Average gaining more than 450 points after Federal Reserve Chairman Jerome Powell confirmed that interest rate cuts are near. That should pave the way for an interest rate cut at the Fed's FOMC meeting in September. AdvertisementWith interest rate cuts imminent, investors are now asking how big the Fed will cut rates by.

Persons: Jerome Powell, Powell, —, Ryan Detrick Organizations: Jackson, Service, Dow Jones Industrial, Federal, Treasury, Fed Locations: Here's

☆ Canada moves to end rail shutdown quickly; CN workers to return to work Friday
▼ + stars: | 2024-08-23 | by ( ) www.cnbc.com time to read: +5 min

A striking Teamsters union worker pickets outside Canadian National Railway's (CN) headquarters after being locked out by the company in Montreal, Quebec, Canada August 22, 2024. REUTERS/Evan BuhlerWorkers at Canadian National Railway will begin returning to work on Friday, the Teamsters union said, hours after the Canadian government moved to end an unprecedented rail stoppage. In a new statement during the early hours on Friday, the Teamsters union posted on X that it had taken down picket lines at CN. The rail companies previously said they were forced into the lockouts to avoid strikes at short notice. Paul Boucher, head of the Teamsters rail union, had accused CN and CPKC of being "willing to compromise rail safety and tear families apart to earn an extra buck".

Persons: Evan Buhler, CPKC, Steven MacKinnon, MacKinnon, Jonathan Abecassis, Justin Trudeau, Trudeau, Paul Boucher, Jagmeet Singh Organizations: REUTERS, Evan Buhler Workers, Canadian National Railway, Teamsters, Canadian Pacific, Canadian Industrial Relations, Canadian Pacific Kansas City, Canadian, Labour, CN, Canadian Broadcasting Corp, Liberal, Reliant, Canadian Manufacturers, New Democratic Party, Ottawa Locations: Montreal, Quebec, Canada, Canadian Pacific Kansas City, United States, Toronto, Vancouver

☆ Economist Paul Krugman defends Harris' price-gouging plan — but 'Shark Tank' star Kevin O'Leary calls it a 'horror film'
▼ + stars: | 2024-08-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What works is to flood the market with supply: lots of oil means lower oil prices, lots of labor means lower labor prices, lots of whatever means lower prices — it's a simple supply and demand curve. Obviously, this is a populist political gesture — a way to offer something to voters upset about high food prices. Krugman noted that many states including Texas have laws banning businesses from overcharging for essentials like food and fuel during disasters.

Persons: —, Kamala Harris, Harris, Lindsay Owens, Donald Trump, Mark Zandi, Kamala, Dave Ramsey, It's, cramp, Kevin O'Leary, there's, That's, There's, O'Leary, it's, Kamala Harris's, Gus Ruelas, Paul Krugman, I've, Richard Nixon, Nicolas Maduro, Krugman, Brian Cornell, Cornell Organizations: Service, Democratic, Business, Federal, CBS, Republican, York Post, Fox, Netflix, Fox News, Laureate, Princeton, New York Times, CNBC Locations: York, America, Cuba, Venezuela, North Korea, Soviet Union, Texas, overcharging

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