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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Biden, ASML, Christophe Fourquet, We're, LVMH, Luis Vuitton, it's, Estee Lauder, JB Hunt, Morgan Stanley, Abbott, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, ., Energy, Technology, Dow, Semiconductors, Nvidia, Devices, Bloomberg News, U.S, Broadcom, Micron, Taiwan Semiconductor Manufacturing, United Airlines, Interactive, Abbott Laboratories, Jim Cramer's Charitable Locations: U.S, France, China, Estee
In today’s edition, senior congressional reporter Scott Wong sits down with House Speaker Mike Johnson as he barnstorms the country in support of congressional Republican candidates. Plus, senior political editor Mark Murray breaks down our latest NBC News poll, which shows how President Joe Biden is serving as a drag on Vice President Kamala Harris. I think a record number of Black and African American voters, Jewish voters, union voters. The majority could be won or lost in either of those two states, given how closely divided the House is. If you have feedback — likes or dislikes — email us at politicsnewsletter@nbcuni.comAnd if you’re a fan, please share with everyone and anyone.
Persons: Scott Wong, Mike Johnson, Mark Murray, Joe Biden, Kamala Harris, Johnson, Scott Wong HELLERTOWN, , ” Johnson, , I’m, , Donald Trump, Trump, he’ll, Read, Scott →, Biden, Harris, they’ve, — Harris, Jeff Horwitt, Bill McInturff, Biden —, she’s, ’ Monica Alba, Carol E, Lee Organizations: NBC, White House, Capitol, Republican, Republicans, NBC News, White, GOP, African American, Jewish, , Democratic, Biden, Biden —, Locations: Pa, Hellertown, Pennsylvania, California, New York
European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty ImagesThe European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers say inflation risks are easing faster than previously expected. Headline price rises in the euro area cooled to 1.8% in September, below the central bank's 2% target. Bank of France Governor Francois Villeroy de Galhau last week described an October rate cut as "very likely" and said such a step "won't be the last." This led him to forecast ECB rate cuts will take place both this week and at each of the central bank's forthcoming meetings, until the deposit rate hits 2.5%.
Persons: Daniel Roland, Francois Villeroy de Galhau, Villeroy, Christine Lagarde, Joachim Nagel, Germany's Bundesbank, Jack Allen Organizations: European Central Bank, ECB, Afp, Getty, Bank of France, France, European Union, Citi, Media, U.S, U.S . Federal, Barclays, Capital Economics, Reynolds, Bank of America Global Research Locations: Frankfurt, Main, Germany, U.S .
Nurphoto | Nurphoto | Getty ImagesBEIJING — China's Ministry of Finance press briefing over the weekend underscored how it is focused on tackling local government debt problems, instead of the stimulus markets have been waiting for. In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks. China's real estate market slump has cut into a significant source of revenue for local governments, many of which struggled financially even before needing to spend on Covid-19 measures. He added that a large plan to address local governments' hidden debt would be announced in the near future, without specifying when. Historically, local governments were responsible for more than 85% of expenditure but only received about 60% of tax revenue, Rhodium Group said in 2021.
Persons: Finance Lan Fo'an, Lan, Robin Xing, Morgan Stanley Organizations: Goldin Finance, Nurphoto, Getty, BEIJING, China's Ministry, Finance, Ministry of Finance, International Monetary Fund Locations: Tianjin, China, Covid
Polling has consistently found that Biden is a drag on Harris' candidacy and that voters are eager for a new direction. But Harris has been reluctant to be critical of Biden by outright critiquing his presidency. Harris would seek to distance herself from Biden somewhat delicately, likely giving the White House a heads up before doing so, three of the people familiar with the discussions said. Just hours after her interview on “The View,” Harris faced the same type of question by Stephen Colbert, who asked what major changes would be clear in a potential Harris administration and what might stay the same. Harris delivered a similar answer during her debate with Trump last month, which Biden took particular note of, NBC News has reported.
Persons: WASHINGTON, Kamala Harris ’, Joe Biden, Harris ’, Biden —, Donald Trump, Harris, Biden, , Trump, , ” Trump, Kamala Harris, , ” Harris, Stephen Colbert, I’m Organizations: Republican, White, ABC, Trump, NBC News Locations: , Pennslyvania
The US has played a key role in countering China in the South China Sea. They "want a Goldilocks situation in the South China Sea — not too hot, not too cold," he added. A China Coast Guard ship, at right, sails past the Philippine Coast Guard ship BRP Cape Engaño on August 26, 2024. AdvertisementASEAN held its annual summit in Laos this week, in part to discuss territorial tensions in the South China Sea. A Philippine Coast Guard vessel and a Chinese Coast Guard vessel during an incident in the South China Sea on August 19, 2024.
Persons: , Bill Hayton, Antony Blinken, Hunter Marston, Omar Zaghloul, Bush, Marston, George W, Obama, Trump, Biden, It's, Martson, Gregory B, Poling, Chatham House's, Samuel Paparo, Hayton, Sabina, REUTERS Poling, Mutual Defense Treaty, of National Defense Gilberto Teodoro Organizations: US, Service, Chatham, South China, China Coast Guard, Philippine Coast Guard, BRP, ROSA, Getty, ASEAN, Southeast, Australian National University, Coral Bell School of Asia, Pacific Affairs, Anadolu Agency, Center for Strategic, Studies, Asia Program, Transparency Initiative, Pacific Command, US National Bureau of Economic Research, coastguard, Coast Guard, Chinese Coast Guard, REUTERS, Mutual Defense, CBS, of National Defense Locations: China, South China, Philippines, South, Asia, Chatham House's Asia, BRP Cape Engaño, AFP, Laos, Filipino, United States, Singapore, Vietnam, Malaysia, Indonesia, Cambodia, Brunei, Pacific, Chatham House's Hayton, Philippine, Taiwan, Hong Kong, West Philippine, Weibo, Handout, Poling, Ukraine
For the first time, the Democratic National Committee will invest in an advertising campaign dedicated entirely to LGBTQ publications in large metropolitan areas and several key battleground states. The DNC will roll out the ad campaign, worth at least $100,000, on Friday morning in 16 publications across eight states, and it is estimated to reach more than 1 million voters in the first week. The DNC is rolling out an ad campaign on Friday in 16 LGBTQ publications across eight states. The DNC worked on the ads with Rivendell, the oldest LGBTQ marketing and media company in the country. Magni said LGBTQ voters have historically been taken for granted by the Democratic Party because the majority of them vote Democratic, often because Republicans have supported anti-LGBTQ policies and voters feel like they don’t have another option.
Persons: ” Jaime Harrison, ” Harrison, Harris, Walz, Trump, Pattie Gonia, , Kamala Harris ’, “ Kamala, Bob Witeck, Howard Dean, Witeck, , Dean, , ” Witeck, Gabriele Magni, Magni, ” Magni, they’re Organizations: Democratic National, Washington Blade, Metro, D.C, Las Vegas, Georgia, Dallas Voice, Philadelphia Gay, Magazine, SWERV, Atlanta’s, Philadelphia Gay News, DNC, Iwillvote.com, Human Rights, Trump, NFL, , Witeck Communications, Vermont Gov, Democrat, Republican, Loyola Marymount University, Research Initiative, Gallup, Democratic Party, Democratic, Republican Party Locations: Washington, South Florida, Qnotes, Charlotte , North Carolina, Iowa, New Orleans, ION Arizona, Pennsylvania, Vermont, U.S, Los Angeles
There are many commemorations that mark important milestones for queer people and their allies: Pride Month, LGBTQ History Month, Lesbian Visibility Week and Transgender Day of Remembrance, among many others. For celebrities and others in the public spotlight though, coming out also means sharing their sexuality or gender identity with millions of people around the world. Here are a few of the people who have come out so far in 2024. Heidi Gutman / NBCU Photo Bank via Getty Images fileJulia FoxActor and author Julia Fox appeared to come out as a lesbian in a TikTok video shared in July. Stefania D'Alessandro / WireImage fileBruce Joel Rubin“Ghost” screenwriter Bruce Joel Rubin proved in June that it’s never too late to come out.
Persons: Reneé Rapp, Chappell Roan, Sophia Bush, Ashlyn Harris, “ I’ve, , ” Sophia Bush, Dimitrios Kambouris, Amber Ruffin, , ” Ruffin, ” Amber Ruffin, Heidi Gutman, Julia Fox, Fox, Emily Gracin, ” Fox, Ye, Rachpoot, Bauer, Griffin, Maren Morris Singer Maren Morris, Tucker Carlson, Maren Morris, Jim Bennett, Trey Cunningham, he’s, Cunningham, Louisa Jacobson, Louisa Jacobson’s, Jacobson, Oscar, Meryl Streep, Christopher Polk, Zamata, Michael Buckner, Amanda Tori Meating, ” Meating, she’s, Richard Shotwell, Maya Massafera, Massafera poignantly, Roberto Cavalli, Stefania D'Alessandro, Bruce Joel Rubin, it’s Organizations: Pride, Getty, Fox News, U.S, The New York Times, Times, Glasgow . MI, New York Times, Lesbian, Variety, Entertainment, Vogue, Hollywood, Guardian Locations: Glasgow, Milan
CNN —Most musicians dream of winning a Grammy, but there’s only one award Chappell Roan is aiming for. So what better way to cap off her mega year than by winning her first Grammy Award? Creative director Ramisha Sattar and recording artist Chappell Roan. Universal Music Group“Please, please, please put some type of energy, a spell, whatever, that we get nominated for the Grammy,” Roan said in the video. “She is just as much Chappell Roan as I am, honestly,” Roan told CNN.
Persons: Chappell Roan, , Taylor Swift, Roan, , “ I’ve, I’ve, Ramisha Sattar, ” Roan, “ It’s, Kamala Harris, Sattar, Gen Z Lisa Frank, ” Sattar, Chappell Organizations: CNN, Austin, MTV, Recording, Universal, ” Universal Locations: Roan, Instagram
"I Do (I Think)," explores essential conversations of marriage for a Gen Z and millennial audience. When I grew up and started hearing about married couples who had separate finances and alternated who paid for dinner, I found it weird at best and unsettling at worst. My view on married couples with separate finances changedNow that I'm older, I see it all differently. Different states also have different levels of protection for married couples who divorce, which can impact what extra steps you feel you do or don't need to take. I'm not financially savvy and I'm also hyperaware that money conversations can be deeply emotional in ways we aren't always equipped to handle.
Persons: Allison Raskin, , John, I've, Stacy Francis, Francis Financial, I'm, Stacy, Kathleen Burns Kingsbury, Kathleen, Marguerita Cheng, Dominique Broadway, Dominique Organizations: New York Times, Service, Wall, US, Bureau, Corp, IRA, HarperCollins, Hanover Square Press Locations: Hanover
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe will continue seeing a drag on sales for multinational companies in China, says analystBrian McCarthy, principal analyst at Macrolens, says China's goals for self-sufficiency and high-quality development prioritizes homegrown companies.
Persons: Brian McCarthy Locations: China
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The latest iteration of Piper Sandler's teen survey found somewhat lukewarm interest in Apple 's new iPhone 16. 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, that's, Piper, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Department of Justice, Google, Apple, Apple Intelligence, Analysts, Depot
Two Black men, in tuxedos, clasp hands and dance in a smoky foreground in a scene from "Looking for Langston," the 1989 film that reevaluated gay and lesbian contributions to the Harlem Renaissance. When Harlem Was ‘as Gay as It Was Black’ Mapping the people, homes and hot spots that transformed the neighborhood during its Renaissance. A map of Harlem with a location labeled “Ma Rainey at the Lincoln Theater” near 135th Street and Lenox Avenue. Michael Ochs Archives/Getty ImagesMap with location labeled “Bessie Smith at Hotel Olga” in the northernmost part of Harlem. was often called the living room of the Harlem Renaissance, and over the years provided a safe and affordable space for Black artists, writers and thinkers.
Persons: Langston, Henry Louis Gates Jr, Nicholas Park, Clare Corbould, , Ma Rainey’s, Ma Rainey, ” Ma Rainey, , ” Donaldson, Gladys Bentley, Gladys Bentley West, Gladys Bentley West 133rd Street Gladys Bentley, Bentley, Michael Ochs, Bessie Smith, Hotel Olga ”, Bessie Smith Lenox, Lillian Simpson, Emma Chen, ” Smith, Porter Grainger, Everett Robbins, Ain’t, Jimmie Daniels ”, Jimmie Daniels, Daniels, Ethel Waters, Nicholas Avenue, Nicholas, Ethel Williams, Waters, ” Everett, Edna Thomas ”, Edna Thomas, Lloyd Thomas, Olivia Wyndham, Thomas, Wyndham, Georgette Harvey ”, Georgette Harvey, Maria, Porgy ”, Porgy, Bess, Musa Williams, Billy Rose, Hunter ”, Alberta Hunter, Lottie Tyler, Bert Williams, , ” Michael Ochs, Lindy Hop, Shane Vogel, Vogel, Jerome Robbins, James F, Wilson, Duke Ellington, Josephine Baker, Heather Nickels, Harry, Nickels, “ SAVOY, George Karger, Alain Locke, Countee Cullen, Richard Wright, Ralph Ellison, Langston Hughes, Olga ”, Olga Lenox, Edward H, Olga, Victor Hugo Green’s “, Bill “ BoJangles ” Robinson, Robert W Kelley, Alain Locke Washington, ” Alain Locke, Locke —, , Nella Larsen ”, Nella Larsen, Street Nella Larsen, Larsen, Octavio González, Audre Lorde, Hughes, ” Arnold Rampersad, Countee Cullen ”, Harold Jackman, Cullen, Richard Bruce Nugent ”, Richard Bruce Nugent, Thurman, Jade ”, González, Nugent, ” Carl Van Vechten, Carl Van Vechten, Street Carl Van Vechten, Harold Jackman ”, ” Harold Jackman, Jackman, Maurice Hunter ”, Maurice Hunter, Corbould, Claude McKay ”, Claude McKay, West 142nd Street Claude McKay, Alexander Gumby, A’Leila Walker, A’Lelia Walker, Madame C.J, Walker, “ Wallace Thurman ”, Wallace Thurman, Zora Neale Hurston, Gwendolyn Bennett, Sydney ”, Sydney, Iolanthe Sydney, Du Bois, Thurgood Marshall, Robert “ Bobby ” Winchester, Horace Hicks, Isaac Julien, Mr, Julien Organizations: Harlem Renaissance, Harlem, The New, Black, Greenwich, Harvard, Central, Deakin University, Ma Rainey’s Georgia Jazz, Jazz, Lincoln, Lenox, Lincoln Theater, Street, Gladys Bentley West 133rd Street, New York Times, Michael Ochs Archives, Hotel Olga, Blues, Hotel, Lesbian, Blues Women, Communities, West, of Congress, Music Division, Federal, St, Library of Congress, Guild Theatre, Billy Rose Theatre Division, The New York Public, 138th Street, Alberta Hunter, West 138th, ” Michael Ochs Archives, Getty, Savoy, African American Studies, Yale University, Cabaret, 155th Street, Jerome Robbins Dance Division, 131st, CUNY, Hulton, West 133rd, 133rd, Avenues, Cotton, 142nd, Cotton Club 142nd Street, U.S, Swing, 141st, Ballroom, Blacks, 125th, 135th, Harlem Y.M.C.A, Harlem Branch, Columbia University, Lafayette Theater, Lafayette Players, Washington D.C, Wellesley College, 127th, Mount Morris Park, East 127th, 136th, The New York Public Library, Bettmann, Everett, 134th Street, Eighth, West 142nd, West 142nd Street, Cabaret School, Yale, American, Library, 136th Street, “ Infants, Columbia, Harlem’s Locations: tuxedos, Manhattan, Harlem, Central, Rockland, New York, St, Australia, Ma Rainey’s Georgia, Philadelphia, Colonial, British, Alberta, , , Hamilton Lodge, Lenox, Seventh, Morris, Lafayette, Washington, Eighth, Mount Morris, Lenox Avenue, United States, Midtown, Black, Sugar
The relationship between Trump and Putin has long been a source of controversy. AdvertisementWith only a month to go before the presidential election, Donald Trump's relationship with Russian President Vladimir Putin has once again come under the spotlight. In a forthcoming book, journalist Bob Woodward says that the former president and Putin have a closer friendship than previously known. The Ukraine war has already roiled markets for food, oil, gas, and other products, and wider conflict could have an even more devastating impact. If Russian President Vladimir Putin is victorious in Ukraine, it may embolden Chinese leader Xi Jinping to invade Taiwan.
Persons: Trump, Putin, , Donald Trump's, Vladimir Putin, Bob Woodward, Steve Cheung, Woodward, Robert Mueller, Yuri Gripas, Joe Biden, he'd, he's, JD Vance, Volodymyr Zelenskyy, Philip Ingram, Zelenskyy, Kenneth Rogoff, William Pomerantz, Vance, Xi, Ingram, Xi Jinping, Sergei Savostyanov, Jamie Dimon, Dimon, William Reinsch, Kamala Harris, Harris, Pomeranz Organizations: Service, CNN, Washington Post, Putin, Trump, Kremlin, REUTERS, Republicans, International Monetary Fund, Wilson Center, Getty, JPMorgan, CNBC, TV18, Center for Strategic, International Studies, Wall Street Locations: Ukraine, Russia, British, Europe, Washington ,, China, Russian, Taiwan, NATO, Asia, India, Pennsylvania
A Trump win would pose risks to economic growth and inflation in Europe, ECB member Joachim Nagel says. Officials in Europe, for their part, are warily eyeing what a Donald Trump win would mean. Nagel's comments come just weeks before the US presidential election and follow previous warnings from ECB members about the potential impact of a Trump win. AdvertisementBack in January, ECB president Christine Lagarde said a Trump win is "clearly a threat" to Europe considering the policies he implemented during his first term in office. She pointed to Trump's tariffs, commitment to NATO, and climate change policies, which she said were misaligned with European interests.
Persons: Joachim Nagel, Nagel, , Donald Trump, Trump, he'd, " Nagel, there's, it's, Harris, Kamala Harris, Christine Lagarde Organizations: Trump, Service, European Central Bank Governing, Tuesday, Bloomberg, Federal, NATO Locations: Europe, Germany, Berlin, Italy, EU
The sole lesbian bar in Colorado, Blush & Blu, hosted its final party on Saturday night after announcing it would close its doors. "In a lesbian bar, we are at home. A post-pandemic “lesbian bar renaissance” occurred, however, leading to new businesses opening in different states, according to an NBC News analysis. The Lesbian Bar Project documents lesbian bars and maintains a list of open businesses. There are about 30 lesbian bars still operating across the country, with the loss of Blush & Blu, according to its tally.
Persons: Jody Bouffard, Michelle Osterday, Bouffard, we’ve, Brittany Bartges, , , ” Bartges, Blush, Bartges, Blu Organizations: NBC, NBC News, Bar Locations: Colorado, Denver, Boston, Colfax
Israel observes the first anniversary of the Oct. 7 attacks as it steps up attacks on Gaza and Lebanon. The people of Gaza have endured an unmitigated humanitarian catastrophe as Israel carries out one of the most intensive bombing campaigns in history. Gaza was already impoverished, overcrowded and largely inescapable, blockaded by Israel and Egypt for 17 years. Life-threatening storm surges are due to hit the state’s Gulf Coast as Hurricane Milton is set to make landfall on Wednesday. Justine Goode / NBC News; Getty ImagesWaking up and browsing your closet each morning might sometimes feel like an immense challenge.
Persons: Israel, Hurricane Milton, It’s, , , Frank Lowenstein, Barack Obama, Milton, Helene, Hurricane Helene, Anna Maria, Ron DeSantis, Donald Trump, Bush, Gore, George W, Joe Biden’s, Roe, Wade ., Clarence Thomas, Samuel Alito, NFL Todd Rosenberg, Jalen Tolbert, Greg Rosenstein, alen, J. Organizations: Hamas, United Nations, IDF, United, Gov, Washington, Getty, Republican, Wade, NFL, Getty Images Dallas Cowboys, Pittsburgh Steelers, Sunday, NBC Locations: Gaza, Lebanon, Hurricane, Florida, Israel, Egypt, Beirut, Iran, United States, Coast, Tampa, Gulf of Mexico, U.S
They said, ‘No, no, NO!’ Advances in medical and life-extending technologies will accelerate and will drag life expectancy along with it,” he said. We have shown the era of rapid increases in human life expectancy has ended, just as we predicted,” Olshansky said. “We’re still gaining life expectancy, but it’s at an increasingly slower pace than in previous decades.”Olshansky spoke to CNN about his analysis of longevity data. Just 5% of baby girls and about 2% of baby boys born today will live to 100, according to a new analysis. (That woman, Jeanne Calment, was born in 1875 in Arles, France, at a time when life expectancy was nearly 45 years.
Persons: CNN — Gerontologist Jay Olshansky, Olshansky, , , ” Olshansky, , “ We’re, Jeanne Calment, it’s, that’s Organizations: CNN, , School of Public Health, University of Illinois, ER Productions, Getty Locations: Chicago, Australia, France, Hong Kong, Italy, Japan, South Korea, Spain, Sweden, Switzerland, United States, Arles
Source: Brian McNoldy; University of Miami Upper Ocean Dynamics LabSee the Ocean Heat Fueling Hurricane Milton, in One ChartThe energy that supercharged Hurricane Milton into a Category 5 storm on Monday came from the waters of the Atlantic Ocean, which have been abnormally warm not just at the surface, but at depth, too. The seas absorb most of the extra heat that carbon dioxide and other greenhouse gasses trap near Earth’s surface. So the same human-caused forces that have been bringing abnormal heat to towns, cities and landscapes are helping to warm the oceans. Ocean heat content is a metric that captures the amount of thermal energy stored from the sea surface down through the ocean depths. “It’s felt like an entire hurricane season has taken place over the past few weeks,” Dr. Wood said.
Persons: Jan, Brian McNoldy, Milton, Helene, Kim Wood, “ It’s, , Wood Organizations: University of Miami Upper Ocean Dynamics, Hurricane Milton, National Centers for Environmental, University of Arizona Locations: Gulf of Mexico, Gulf, Mexico, Milton, Asheville, N.C
Ideally, you'd declutter before you start packing for a move. AdvertisementI'm a professional declutterer and often get asked by clients when they should start decluttering while planning a move. Put 2 boxes out — things you're moving and things you're donatingWhen packing small items, use two boxes: one for the stuff that's going with you and one for the things you'll drop off at the thrift store. If you're agonizing over whether to keep or toss an item, you're allowed to keep it and move on. Related storiesIf you're holding out for money, be realistic about how much you think you can earn by selling your things.
Persons: I'm, , it's, you've, you'll, It's Organizations: Service, Salvation Army, Technology, Facebook, revel
Jim Cramer is planning to stay in the game with Constellation Brands , despite a Wall Street firm moving to the sidelines on the Mexican beer importer. Shares of New York-based Constellation Brands fell 1.5% Monday, off their lows of the session. In the June-to-August period reported Thursday, beer sales rose 6%, compared with increases of 8%, 11% and 11.8% in its three prior quarters. In explaining why we're sticking with Constellation, Jim said Monday he liked what he heard from Constellation Brands CEO Bill Newlands during the executive's appearance Friday on "Mad Money." This uptick coincided with increased marketing spending behind its top beer brands, Newlands said.
Persons: Jim Cramer, Jim, there's, Bill Newlands, Newlands, , Kim Crawford, Meiomi, Duckhorn, Morgan Stanley, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Bank of America, Modelo, Corona, Constellation, CNBC Locations: York, Mexico, Corona, San Anselmo , California
Returning to the subject later, he roped in billionaire mogul Elon Musk, who was in attendance at Trump’s rally, saying, “I don’t think Elon likes that idea. These are not ideas that Elon Musk likes too much.”Trump featured a parade of wealthy benefactors who spoke at the event, including Musk, hedge fund billionaire John Paulson and real estate investor Steve Witkoff. “But you knew everything would be OK when President Trump raised his fist high in the air and shouted ‘Fight! “So every kid in your family is going to grow up and say, ‘I want to be like Elon Musk. I’m going to be like Elon Musk.’ That’s the American dream.”
Persons: Donald Trump, Trump, Hurricane Helene, baselessly, Kamala Harris, ” Trump, Elon Musk, , Elon, John Paulson, Steve Witkoff, Musk, MAGA, , ” Musk, Thomas Crooks, rallygoers, Corey Comparatore, ” Ohio Sen, JD Vance, Trump’s, ” Elon Musk, Trump's Butler, Anna Moneymaker, Comparatore, attendee’s, Harris, Lara Trump, Vance, ” “ Donald Trump, Michael Whatley, We’re, Joe Biden, we’ve, they’ll, Witkoff, Paulson, “ We’re Organizations: Keystone State, Democratic, , Republican National Committee, Trump, GOP, Federal Emergency Management Agency, Nippon, Steel, . Steel Locations: Pennsylvania, ” Ohio, North Carolina, Tennessee, South Carolina, Georgia, Western Pennsylvania
After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. We hear about OpenAI and its brilliant $167 billion valuation , but we don't see any stock available to public-market investors. I have been furious at myself for thinking the Chinese government couldn't do anything about the country's struggling stock market. The Chinese stock market has been rallying nicely since the stimulus announcements. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: , Elon Musk, he's, isn't, Carl Quintanilla, David Tepper, holler, That's, that's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Federal Reserve, Walmart, Fed, SpaceX, Nike, Walgreens, CVS Health, Club, GE Healthcare, Wynn Resorts, Chinese Communist Party, Apple, PDD Holdings, JD.com, Baidu, Diamondback Energy, Exxon Mobil, CNBC, New York Stock Exchange, Getty Locations: U.S, China, , New York City
Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. Berkshire bought the stake for $2.37 billion in cash, $600 million in debt as well as a significant amount of Berkshire Class B shares , according to a regulatory filing. Berkshire Vice Chairman Greg Abel, Buffett's designated successor, sold his 1% stake in BHE for $870 million at a much higher valuation just two years ago. The utility arm has been a weak spot for the conglomerate, which has otherwise enjoyed a few outstanding years. "BHE has been under pressure," said Cathy Seifert, Berkshire analyst at CFRA Research.
Persons: Warren Buffett, Walter Scott, Buffett, Bill Stone, Greg Abel, Buffett's, Abel, BHE, Cathy Seifert Organizations: Berkshire Hathaway Energy, Berkshire, Berkshire Class, Glenview Trust Company, CNBC, BHE, Oracle, CFRA Locations: Berkshire, Omaha, BHE, Glenview, U.S
And Trump is all but guaranteed to resurface at the Supreme Court in coming weeks to clarify the sweeping criminal immunity the court bestowed on him in July. “As matters stand now, this feels like the court is keeping its powder dry in case the election explodes,” Carter Phillips, a veteran Supreme Court litigator, told CNN early last week. A poll released by the Annenberg Public Policy Center on Wednesday found 56% of Americans disapprove of the Supreme Court. Take, for instance, Trump’s ban on travel from predominately Muslim nations, which made repeat trips to the Supreme Court. The Supreme Court has already dipped into next month’s election in a few emergency cases, two of which involved third-party candidates trying to remain on state presidential ballots.
Persons: Kamala Harris, Donald Trump, Trump, ” Carter Phillips, litigator, Biden, Roe, Wade, , John Roberts, , ” Lisa Blatt, Roberts, William Rehnquist, Gore, George W, Bush, Sandra Day O’Connor, ” David Cole, it’s, Ketanji Brown Jackson, Organizations: CNN, Biden, Alcohol, Tobacco, Firearms, Explosives, ATF, Trump, Annenberg Public, Center, New York Times, Federalist, Chief, ACLU, Georgetown Law, Republican, Democratic, , Supreme, Human, Department, CBS News Locations: Louisiana, Texas, Mexico, Bush, Tennessee
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