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When Speaker Kevin McCarthy failed to keep his leadership post, his 269-day speakership became the shortest in more than 140 years. Seven previous members of Congress served single speakership terms shorter than McCarthy’s, which ended by resignation or dying in office. But those speakers served when their party was in leadership in other Congresses and ultimately had longer cumulative speakerships. No House speaker has served for less than a year in total since 1876. A House speaker has stayed in power for an average of roughly 638 days since 2001, compared to 459 days during the 19th Century.
Persons: Kevin McCarthy, speakership, McCarthy, , Michael Kerr –, Theodore Pomeroy –, Nancy Pelosi, Paul Ryan, Matt Gaetz Organizations: 118th, Republican
CNBC Daily Open: Heed the Russell 2000’s warning
  + stars: | 2023-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
In other words, the Russell 2000 turned negative for the first time in 2023. It comprises 2,000 small companies — the average market capitalization of a firm on the Russell 2000 is $2.98 billion, as of Aug. 31. More significantly, investors think the Russell 2000 more accurately reflects the state of the U.S. economy. Financials comprise much of the index, Hickey said, which makes the Russell 2000 more sensitive toward higher interest rates. A canary the Russell 2000 might not be, but a cautionary tale it definitely is.
Persons: Michael M, Russell, Paul Hickey, Hickey, CNBC's Hakyung Kim Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Dow Jones, Nasdaq, Apple, Investment Locations: New York City, U.S
CNBC Daily Open: The Russell 2000 is flashing a warning
  + stars: | 2023-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
In other words, the Russell 2000 turned negative for the first time in 2023. It comprises 2,000 small companies — the average market capitalization of a firm on the Russell 2000 is $2.98 billion, as of Aug. 31. More significantly, investors think the Russell 2000 more accurately reflects the state of the U.S. economy. Financials comprise much of the index, Hickey said, which makes the Russell 2000 more sensitive toward higher interest rates. A canary the Russell 2000 might not be, but a cautionary tale it definitely is.
Persons: Michael M, Russell, Paul Hickey, Hickey, CNBC's Hakyung Kim Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Dow Jones, Nasdaq, Apple, Investment Locations: New York City, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeptember's overselling sets up market for better returns going forward, says Bespoke's Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, and Sameer Samana, Wells Fargo Investment Institute senior global market strategist, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Bespoke's Paul Hickey Paul Hickey, Sameer Samana Organizations: Investment Group, Wells Fargo Investment Institute Locations: Wells Fargo
A major benchmark for U.S. stocks — the Russell 2000 index — turned negative for the year on Monday, an indicator of broader weakness occurring in the economy that's being masked by a few large cap tech equities. Lending is also often more difficult for small cap companies versus larger cap names, which are can negotiate lower lending rates. The Russell 2000 has higher sector weight in financials, which makes it more leveraged toward interest rate conditions, said Bespoke Investment Group co-founder Paul Hickey. "So if you put all those factors together, I wouldn't say that the Russell 2000 is a canary in the coal mine. The strategist believes that easing pressure on interest rates should result help the small cap index bounce back from its oversold period.
Persons: Russell, , Jeff Corey, Corey, Paul Hickey, it's, Hickey Organizations: New York Stock Exchange, Nasdaq, Claro Advisors, Investment Group Locations: New York City, U.S, financials
In its first statewide TV ad, which began airing this past week, the opposition campaign Protect Women Ohio went in yet another direction. Protect Women Ohio is funded largely by the campaign arm of Susan B. Anthony Pro-Life America, a leading national anti-abortion group. Zanotti said it has chosen to run its own campaign against the Ohio amendment focused on its phrasing and legal reach. That bill was nearing introduction this summer when another anti-abortion activist active in the Protect Women Ohio campaign pressured the sponsor to spike it, Beigel said. Their concern was that publicity over the bill would generate backlash and make it harder to defeat the abortion rights amendment, which had just qualified for the fall ballot.
Persons: Donald Trump, Joe Biden, Terry Casey, , ” Casey, Ohioans, Court’s, Roe, Wade, Vermont —, David Zanotti, it’s, , , Dobbs, Susan B, Anthony Pro, Kellyanne Conway, ” Conway, Marjorie Dannenfelser, Ohio Republicans ’, resoundingly, Zanotti, Brian Hickey, Austin Beigel, Anthony, , Beigel, Ohio's, Mike DeWine, DeWine, Kellie Copeland, Copeland Organizations: , Women Ohio, Republicans, Democrats, Ohio Republican, Ohioans United, Reproductive Rights, U.S, Democratic, American Policy, Jackson, Health Organization, Protect, Ohio, Trump, Ohio Republicans, American, Catholic Conference of, Catholic Conference, National, Protect Women Ohio, Republican, Gov, Catholic Locations: COLUMBUS , Ohio, Ohio, — California , Kansas , Kentucky, Michigan, Montana, Vermont, Dobbs v, United States, Washington, Catholic Conference of Ohio, Louisiana
The last time people told Biden not to run, they were catastrophically wrong and he'll not forget that. And I plan on staying deeply involved," Biden told a Connecticut NBC affiliate in January of 2016. AdvertisementAdvertisementAfter the 2016 election went the way Biden had feared, he didn't hesitate to make his case. In 2016, Biden thought he could win. Biden won back enough white, working-class voters to shore up the breached "Blue Wall" by enough of a margin to deliver him the presidency.
Persons: Biden, , Joe Biden, Donald Trump, Obama, State Hillary Clinton, Lee Myung, bak, Yuri Gripas, Hillary Clinton, dogging Clinton, Barack Obama, Beau, Clinton, Jewel Samad, Getty Images Biden, Biden gamely, monomaniacally, Jake Tapper, Biden didn't, Evan Vucci Organizations: Service, Democratic Party, Trump, U.S, State, State Department, REUTERS, NBC, Getty Images, Clinton's, Connecticut NBC, University of Pennsylvania, Biden, Democratic, Independents, Clinton Locations: Washington, Pennsylvania , Ohio, Michigan, Connecticut, South Carolina
It's not just you. LinkedIn has gotten really weird.
  + stars: | 2023-09-25 | by ( Rob Price | ) www.businessinsider.com   time to read: +19 min
The number of LinkedIn posts grew 41% from 2021 to 2023. A larger rival account emerged, State Of LinkedIn, and a Reddit community thrived — "LinkedIn Lunatics." "Do you realize how dangerous it is to troll via LinkedIn posts? For most people, their LinkedIn posts don't escalate so rapidly. According to Joseph Yeh, a tech recruiter in California who used to work for LinkedIn, revelatory posting is a balancing act.
Persons: Matthew Sciannella, I'm, Sciannella, he'd, Peter Rota, Rota, Xavier Lalanne, There's, Oversharing, Gen, Catalina Valentino, Elon, Sarah Frier, John Hickey, Ted Talkification, you'd, Hickey, Peter Rota's, Hickey wasn't, ominously, Jack Raines, sagely, Alexander Cohen, Cohen's, Raines, Cohen, Jacqueline Rainey —, he's, Young, , , John Reid, Jon Franko, Franko, Instagram, @BestofLinkedIn, Reid, hypocritically, Joseph Yeh, Yeh, Daniel Roth, Fortune, Roth, Sciannella's, didn't, Slack, Franko's, Jameson, who's, He's, Rob Price Organizations: LinkedIn, Facebook, Microsoft, peeing, Economic, Twitter, Bloomberg, Columbia Business School, New York, New York Mets Locations: Washington, DC, Massachusetts, Davos, San Francisco, San Francisco Bay, New York City, Columbia, Manhattan, Bay, Oakland, California
Make no mistake, though: There's still a pretty solid chance he pulls it off and becomes the president again. Despite the 91 felony charges across multiple indictments, yeah, Trump obviously still has a shot at winning again. An extra 11,000 votes in Arizona, an extra 20,000 votes in Wisconsin, an extra 12,000 votes in Georgia, and Trump wins the 2020 election. That's fanciful thinking, and a second Trump presidency is well within the realm of the possible. Most significantly, Trump is running the table on a field of some pretty solid and rather electable Republican alternatives.
Persons: Donald Trump, There's, Trump, We're, Biden, It's, Ron DeSantis, Mike Pence, Joe Biden, Susan Walsh, doesn't Organizations: Biden, Trump, Service, GOP, Independents, Florida Gov, AP Locations: Wall, Silicon, Arizona, Wisconsin, Georgia, Florida, New York
Just 3 out of the 9 Supreme Court Justices are liberals. Unless Democrats are willing to risk a 7-2 GOP-held Supreme Court, it might be time to consider retirement. However, Joe Biden should be far from the Democrats' biggest worry when it comes to age. It would be tremendously bad luck, but then again, anyone who thinks that Democrats have had good luck at the Supreme Court is delusional. The question is rather, what is the maximum level of acceptable risk of a 7-2 GOP-held Supreme Court?
Persons: Sonia Sotomayor, Elena Kagan, Joe Biden's, Joe Biden, Biden, Ketanji Brown Jackson, Stephen Breyer, Barack Obama, , Donald Trump, Ruth Bader Ginsberg, Roe, Wade, Biden's, They're, John Paul Stevens, Sandra Day O'Connor, it's Organizations: Service, Democrats, GOP, Republican, Democratic Senate Locations: Wall, Silicon, American, Phoenix , Arizona
Every seat in both the GOP-led state House and the Democratic-controlled state Senate is up for election. People sign a poster that reads "Elect More Women" during the Democratic rally in Glen Allen, Virginia, on September 9, 2023. Virginia House Democrats have run an ad highlighting nearby states’ stricter abortion laws and featuring a comment by a state House Republican candidate during the primaries that he would support a “100% ban” on abortion. “The Dobbs decision completely changed what Virginia voters are thinking about,” Mamie Locke, the chair of the Virginia Senate Democratic Caucus, said in a phone interview last month. Susanna Gibson, the Democratic nominee for Virginia House District 57, speaks to the crowd during the rally in Glen Allen, Virginia, on September 9, 2023.
Persons: Glen, Sen, Siobhan Dunnavant, Schuyler VanValkenburg –, , Glenn Youngkin, Sue Geller, Schuyler VanValkenburg, Tim Kaine, Rebecca Wright, ” VanValkenburg, Roe, Wade, “ There’s, ” Virginia Sen, Abigail Spanberger, Donald Trump, Kaine, CNN Kaine, Mark Warner, Joe Biden, Biden, Dunnavant, – she’s, shouldn’t, , Dobbs, ” Dunnavant, Ronna McDaniel, Mitch McConnell –, ” Liesl Hickey, Tammy Campbell isn’t, Glen Allen, ” “, , VanValkenburg, It’s, Campbell, we’re, ” Campbell, , “ MAGA, ” Mamie Locke, Scott Kozar –, VanValkenburg’s –, Eric Cantor, Dave Brat, Arnold Palmers, Susanna Gibson, CNN Gibson, CNN she’s, Gibson, David Owen, homebuilder, Owen, I’m, ” Owen Organizations: Virginia CNN, GOP, Republican, broach, OB, Democratic, GOP Gov, CNN, Democratic Rep, Democratic National Committee, Festival of India, Greater, Greater Richmond Convention, Virginia Senate, Festival of, Washington Post, Schar, Virginia voters, Republicans, Virginia, Democrats, “ MAGA Republicans, Virginia Democrats, Virginia Senate Democratic Caucus, , Virginia House District, Richmond Times, Dispatch Locations: Glen Allen, Virginia, Henrico County , Virginia, Richmond, , Del, Glen Allen , Virginia, Roe , Virginia, Southern, Greater Richmond, Festival of India, Richmond , Virginia, Washington, Richmond want Virginia, Ohio, Spanberger
The Supreme Court has a major impact on everyday Americans' lives. The thing is, the ramifications of what a Supreme Court can do are vastly more important than the feelings of a couple of justices. There is a 6-3 split on the court, with the justices appointed by GOP presidents enjoying a rather substantial lead. Democrats probably need to think about what an acceptable level of risk is for losing control of the Supreme Court for generations. Justice Ruth Bader Ginsberg decided against retiring during President Obama's term despite a desire from the president to ensure her replacement reflected her liberal values.
Persons: Roe, Wade, Biden, Sonia Sotomayor, Elana Kagan, Samuel Alito, Clarence Thomas, Ruth Bader Ginsberg, Obama's, Trump, Amy Coney Barrett Organizations: Service, Social Security Administration, Republican, Democratic, GOP Locations: Wall, Silicon, it's
A Democratic candidate in a key swing district is in the midst of a scandal over previous work in pornography. At least one prominent Virginia politician, Senate President Pro Tem L. Louise Lucas, immediately came to Gibson's defense, blaming operatives working for Virginia's Republican Gov. As it stands, Youngkin has said that it's his mission to implement a 15-week abortion ban in the commonwealth. So far, the only thing standing in his way has been the Virginia State Senate, where Democrats hold a slim 22-18 majority. So it falls to the voters of Short Pump, Virginia, to decide whether performing on Chaturbate is disqualifying for them, even if that means giving the go-ahead to a statewide abortion ban.
Persons: Susanna Gibson, Gibson, Louise Lucas, Glenn Youngkin, Mitt Romney's, Candace Valenzuela, Youngkin, Ballotpedia, Biden Organizations: Democratic, Service, Washington Post, of, Delegates, Conservative, New York Times, Pro Tem, Virginia's Republican Gov, Bain Capital, Black Latina, Virginia State Senate, VCU's Wilder School of Government, Virginians, GOP, Ballotpedia, Democrats Locations: Virginia, Wall, Silicon, Texas, Gibson's, what's, It's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should take a wait-and-see approach to inflation data, says Bespoke's Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, joins 'Squawk on the Street' to discuss warning signs of recession running counter to economic indicators, posturing between the U.S. and China, and the ARM IPO's impact on market sentiment.
Persons: Bespoke's Paul Hickey Paul Hickey Organizations: Investment Group, U.S, ARM Locations: China
The government should reduce the interest rate on federal student loans, and forgive any that's accrued. Half of Americans support forgiving up to $20,000 in federal student loan debt, a figure that soars to 83% among those who have student loans. Forgiving all student loan debt still maintains 39% support, a remarkably high figure for a fiscal policy that even a decade ago would have been an utter non-starter politically. Americans owe just south of $1.6 trillion in student loan debt. As a result, an equitable solution is this: retroactively adjust the interest rate on federal student loans to be at or near zero.
Persons: that's, Uncle Sam, Luke O'Neill, hasn't, Jesus Christ, you've, vig, RANDI LYNN BEACH, They'll Organizations: Service Locations: Wall, Silicon, United States
Donald Trump is facing a number of legal problems that may have an impact on his electoral chances. AdvertisementAdvertisementSo eh, they all do that is the lens that will define the public perception of the Trump indictments. Ipsos has polled Americans on their thoughts following each of the indictments Trump has faces, and the apples-to-apples comparison here is very compelling. AdvertisementAdvertisementIn all but one case, most independents think he should be charged with a crime. Independents think it's bad, but not that bad, and it truly depends on how persuadable voters are when it comes to eh, they all do that.
Persons: Donald Trump, he's, Henry II, Eleanor of Aquitaine, Biden, The Hunter Biden, Trump, Stormy Daniels, Jane Rosenberg, Reuters Trump's, Ipsos, , coughed, Ron DeSantis Organizations: Service, YouGov, Reuters, GOP, Trump, Republicans, United States Capitol, Independents, Gov Locations: Wall, Silicon, New Jersey, Manhattan, New York City, U.S, Fulton
More shoppers are choosing electric vehicles so far this year than ever, according to vehicle sales data from Cox Automotive. While EV sales have been growing healthily for the past couple of years, that trend has accelerated this year. The electric vehicle market is entering into a transition period, she said. The average electric vehicle price in July was $53,469, according to Kelley Blue Book, versus an average price of $48,334 across all vehicles. But the number of charging stations still lags behind what is needed to support a wider-scale adoption of electric vehicles.
Persons: Cox, That’s, , Stephanie Valdez, Streaty, Chevrolet Bolt, Rivian, BEV, “ We’ve, ” Valdez, Price, Kelley, Organizations: Cox Automotive, EV, Streaty, CNN, Alliance for Automotive Innovation, Tesla, Volkswagen, Valdez, US Energy, Ford, EV considerers, US Department of Energy, Alliance, Automotive, Quarterly, California Energy Commission, AAI, District of Columbia, California Air Resources Board Locations: Valdez, California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're pretty confident the market will be higher by the end of the year, says Bespoke's Paul HickeyPaul Hickey, Bespoke Investment Group co-founder and Phil Camporeale, JPMorgan Asset Management portfolio manager, join 'Closing Bell Overtime' to talk the day's market action, the Federal Reserve's next moves, individual sector performance and more.
Persons: Bespoke's Paul Hickey Paul Hickey, Phil Camporeale Organizations: Investment Group, JPMorgan, Management, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bespoke's Paul Hickey and JPMorgan's Phil CamporealePaul Hickey, Bespoke Investment Group co-founder and Phil Camporeale, JPMorgan Asset Management portfolio manager, join 'Closing Bell Overtime' to talk the day's market action, the Federal Reserve's next moves, individual sector performance and more.
Persons: Bespoke's Paul Hickey, JPMorgan's Phil Camporeale Paul Hickey, Phil Camporeale Organizations: Investment Group, JPMorgan, Management, Federal
The Biden administration's executive order restricting U.S. private equity and venture capital investments in Chinese technology finally landed on Wednesday. For U.S. tech investors who'd already grown wary of the budding cross-Pacific rivalry, the ruling is the clearest signal yet that the world's second-biggest economy is off limits. Biden is specifically targeting investments in technologies like semiconductors, quantum computing and artificial intelligence on concern that China's advancements in those areas run counter to U.S. national security interests. U.S. investors have been steadily retreating from China due to a combination of a weakening economy and the fraught geopolitical environment. "Most investors want to avoid being seen as acting against U.S. national security interests."
Persons: Joe Biden, Biden, We've, Elena McGovern, Neil Shen helming, Eric Reiner, Adam Hickey, Mayer Brown, Steve Sarracino, that's, Activant, There's Organizations: Biden, Capstone, Chinese Communist Party, Sequoia Capital, Sequoia, Vine Ventures, Justice Department's, who's, U.S, Activant, Investors Locations: Belen , New Mexico, U.S, China, Sequoia China, Israel, Latin America, Germany, South Africa, The U.S, ByteDance
Examining overbought or oversold stock levels could be helpful signals for investors looking to add or reduce exposure in a position. When evaluating these names, Bespoke reviewed the standard deviations above or below each stock's 50-day moving average. If a stock is one or more standard deviation above its 50-day moving average, it's classified as overbought. If it's more than one standard deviation below its 50-day moving average, it's oversold. Two or more standard deviations away from the 50-day moving average is classified as an "extreme" overbought or oversold reading.
Persons: , it's oversold, Paul Hickey, We're, Jim Cramer, Jim, Larry Williams, we'll, Jim Cramer's, Justin Tallis Organizations: Charitable, Investment, Apple, Microsoft, Nvidia, Big Tech, Data Center, Facebook, Meta, Amazon, Amazon Web Services, CNBC, Getty Locations: MSFT, EU
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets need to see some sort of gut check in short term, says Bespoke's Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, joins 'Squawk on the Street' to discuss what gives Hickey confidence there will be upside bias in H2, challenges ahead for market growth, and more.
Persons: Bespoke's Paul Hickey Paul Hickey, Hickey Organizations: Investment Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bespoke's Paul Hickey and Annandale Capital's George SeayPaul Hickey, Bespoke Founder and George Seay, Annandale Capital Founder, join 'Closing Bell: Overtime' to discuss consumer sentiment going forward and earnings season.
Persons: Bespoke's Paul Hickey, George Seay Paul Hickey, George Seay Organizations: Annandale Capital Locations: Annandale
To get to the GOP presidential debate stage, candidates must hit certain fundraising and polling requirements, as per the RNC. A key stipulation is that candidates must poll 1% or higher in 3 national polls with 800 or more registered Republican likely voters. Additionally, the RNC said the polls must each survey at least 800 registered likely Republican voters for it to count. As Insider's Walt Hickey previously wrote, surveys containing "800 registered likely Republican voters" are not easy to come by. It's also, coincidentally, the only survey tracked by FiveThirtyEight with more than 800 registered likely Republican voters that has Hutchinson and former New Jersey Gov.
Persons: Chris Christie, Asa Hutchinson, Hutchinson —, Insider's Walt Hickey, FiveThirtyEight's Nathaniel Rakich, It's, Hutchinson, Christie Organizations: RNC, Republican, Trump, Service, Republican National Committee, New, New Jersey Gov, Arkansas Gov, GOP, Politico Locations: Wall, Silicon, New Jersey, Milwaukee
CNN —Trinity Rodman scored twice as the United States Women’s National Team (USWNT) beat Wales 2-0 on Sunday in its final warmup game before the Women’s World Cup. Rodman, the daughter of NBA legend Dennis Rodman, came on as a second half substitute before scoring a brace late in the game. In 2021, Rodman made history after becoming the youngest woman ever selected in the NWSL draft. She was named NWSL Rookie of the Year later that year as she helped her team lift the NWSL title. Rodman made her highly-anticipated debut for the national team in 2022 and is part of a new generation of players looking to cement the USWNT’s legacy as the greatest team in women’s soccer.
Persons: Trinity Rodman, Rodman, Dennis Rodman, , , Vlatko Andonovski, Karen Ambrose Hickey, Sipa, Megan Rapinoe Organizations: CNN, United States Women’s National, Wales, Washington Spirit, Reuters, Washington Locations: United, Australia, New Zealand, Vietnam, Netherlands, Portugal, San Jose , California
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