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Sparking controversy is language within the USMCA that covers how a product gains the "Made in Mexico" designation from U.S. Customs. There is bipartisan concern about Mexico serving as a trade "back door" for Chinese exports to evade tariffs. Trump threats not slowing trade boom Trump has said he wants to renegotiate the USMCA deal he struck with the North America partners in 2020. Chinese manufacturing in Mexico will be a likely part of the trade renegotiation. Threats of additional tariffs are not slowing down trade with Mexico.
Persons: Donald Trump, Zekelman, San Luis Potisi, Jordan Dewart, Biden, Trump, Mary Lovely, Anthony Solomon, Dewart Organizations: U.S . Customs, Zekelman Industries, Bloomberg, Getty, Peterson Institute for International Economics, Trump, North America, Companies, DHL, Uber, Moody's Analytics Locations: United States, Mexico, Canada, U.S, North America, Republic of Mexico, Beach, Calif, Chicago, San Luis, Luis Potisi, Redwood Mexico, China, Mexican, El Paso, Laredo , Texas, East Asia
TikTok Shop is preparing for the holiday season as it crosses one year since its US launch. The company is pushing live shopping, influencer partnerships, and other selling tactics. The company has courted a roster of creators to promote products in exchange for a commission on sales. Related storiesHow do you think about introducing TikTok users to live shopping? I am really curious about this idea of the TikTok Shop creator ... How do you think about working with that cohort and using them to help grow the platform?
Persons: Nico Le Bourgeois, , TikTok, Le Bourgeois Organizations: Service, Business, TikTok, Amazon, Walmart Locations: China, New York, LA, Seattle
They previously hired Thomas Lane, another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Findlay has worked closely with Mitchell, who helped Trump try to overturn the 2020 election. Republicans on the committee previously hired another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Emails obtained by CNN show that Lane was involved in the planning of who would serve as fake electors in Arizona, collecting contact information and discussing where the fake electors would meet. Lane was slated to be a substitute elector if there were absences on the day the fake electors in Arizona met, documents obtained by CNN show.
Persons: Donald Trump, Bryan Steil of, Joshua Findlay, Thomas Lane, Trump, Mark Meadows, Cleta Mitchell, Georgia’s, Bryan Steil, , Findlay, ” Findlay, Mitchell, , Lane, ” Lane, Kenneth Chesebro, Kelli Ward, Steil, ” Steil, ActBlue, Steil’s, “ It’s, ” CNN’s Marshall Cohen, Zachary Cohen, Paula Reid Organizations: CNN — House Republicans, GOP, Trump, Capitol, Administration, Republicans, CNN, Republican National Committee, Conservative Partnership Institute, Network, , Republican National Committee’s, Coalition, Department of Justice, Democratic, Democrat Party Locations: Bryan Steil of Wisconsin, Arizona, Georgia, ActBlue, Juneau , Wisconsin
Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.
Persons: Sam Walton's, , they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida
(Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)United Parcel Service surpassed Wall Street estimates for quarterly profit and raised its full-year adjusted operating margin forecast on Thursday after it hived off its volatile truckload brokerage business, Coyote Logistics. The company had slashed its full-year adjusted operating margin target to 9.4% in July, despite an uptick in U.S. volumes because of the shift. It now expects a full-year operating margin of 9.6%. UPS saw a 6.5% growth in average daily volumes in its domestic segment in the third quarter. Its adjusted operating margin of 8.9% was above last year's 7.7%, on cost cuts.
Persons: Lindsey Nicholson Organizations: UPS, Getty Images, United Parcel Service, Wall, Coyote Logistics, U.S . Postal Service, Consolidated, United States Postal Service, FedEx Locations: Queens , New York, U.S, China
A highly anticipated legislative hearing began Monday but without its key witness: a Texas inmate whose execution for his daughter's "shaken baby" death was narrowly averted last week. The high court, however, said Sunday it would not rule on the manner in which Roberson must testify. Roberson, 57, has maintained his innocence in the 2002 death of his 2-year-old daughter, Nikki, based on "shaken baby syndrome." But hours later, Roberson said, he woke up and realized Nikki was not breathing and her lips looked blue. Wharton, the lead detective in the case, has also voiced his support for Roberson, telling House committee members at a hearing last week: "This is an innocent man, beyond question."
Persons: Robert Roberson, Joe Moody, Roberson, Moody, Robert, Nikki, Greg Abbott, Lester Holt, Brian Wharton, Wharton, Anderson Organizations: Texas Supreme, Texas Department, Criminal, of Criminal, Texas Gov, NBC News, Prosecutors, Food and Drug Administration Locations: Texas, Austin, Houston, United States
Defense Secretary Lloyd Austin visited Ukraine on Monday, in a show of solidarity with Kyiv just two weeks ahead of a U.S. presidential election that is casting uncertainty over the future of Western support. “We’re going to continue to support Ukraine in its efforts to defend its sovereign territory,” Austin told reporters travelling with him to Ukraine. Trump has signaled he would be more reluctant than Biden to continue to support Ukraine, which could deprive Kyiv of its biggest military and financial backer. “I’ve seen bipartisan support for Ukraine over the last 2-1/2 years, and I fully expect that we’ll continue to see the bipartisan support from Congress,” he said. Even with billions of dollars worth of U.S. military support, including the provision of F-16 fighter jets, Abrams tanks and more, Ukraine faces a tough fight ahead.
Persons: Lloyd Austin, Joe Biden’s, Volodymyr Zelenskyy’s, Austin, “ We’re, ” Austin, “ We’ve, Austin’s, Donald Trump, Kamala Harris, Trump, Biden, “ I’ve, , Ukraine’s staunchest, Vladimir Putin, , Zelenskyy, Putin, Abrams Organizations: Joe Biden’s Pentagon, Republican, Democratic, NATO, U.S Locations: Ukraine, Kyiv, Ukraine’s, Poland, Russian, Moscow, Russia, Donetsk, Brussels, Russia’s Kursk, Pokrovsk
By Thursday evening, after a series of court battles and escalating appeals, the Texas Supreme Court had issued a temporary stay of execution. The AG is representing TDCJ, and is calling the shots, while simultaneously attacking the underlying subpoena before the Texas Supreme Court. We expected that the subpoena would be honored pursuant to Texas law and the Committee’s intent. “It’s the entire case, and that is Mr. Roberson’s case,” Keith Findley, professor emeritus with the University of Wisconsin Law School, testified before the Texas Committee on Criminal Jurisprudence last week. The Texas Court of Criminal Appeals previously issued a stay of execution in Roberson’s case in 2016, sending a claim under Article 11.073 (among others) back to the trial court.
Persons: Robert Roberson, it’s, Roberson, Nikki Curtis –, Paroles, Gretchen Sween, Sween, Joe Moody, ” Sween, Nikki, Nikki “, , Brian Wharton, pediatricians, , ” Keith Findley, ” Dr, Antoinette Laskey, ” Dani Allen, Michael Wyke, , Roberson’s, ” Findley, ” Moody, ” CNN’s Ashley Killough, Nicole Chavez Organizations: CNN, Texas, Texas Supreme, US, Texas Attorney General’s, Texas Department, Criminal, Capitol, American Academy of Pediatrics, Palestine, US Centers for Disease Control, CDC, US Army, National Registry, Exonerations, University of Wisconsin Law School, American Academy of Pediatrics ’, Child, Appeals Locations: Texas, TDCJ, Austin, Palestine , Texas, Huntsville , Texas
Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.
Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China
More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.
Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China
Experts noted then, as they note today, that high costs and complex logistics make mass deportation more complicated than campaign promises suggest. Immigrants deported from the United States arrive in Guatemala City on an ICE deportation flight on February 9, 2017. John Moore/Getty ImagesSo what would deporting the millions of undocumented immigrants living in the United States cost? The organization also argues that mass deportation would make more jobs available for Americans. The economic impact of mass deportation, he says, would amount to “utter disaster.”“We Americans, we, the country, we, in our communities, would be significantly damaged,” he says.
Persons: Donald Trump, he’ll, he’s, Trump, they’ve, Tom Homan, Stephen Miller, JD Vance, he’d, Biden, , John Sandweg, Obama, ” Trump, wasn’t Trump, “ It’s, Laura Collins, George W, Sandweg, John Moore, Collins, Miller, Jason Houser, , Houser, “ That’s, ” Collins, , you’re, ” Sandweg, they’re, ” Houser, it’s, “ They’re, who’d, , Lisa Sherman Luna, Saul Young, Michael Ettlinger, Zeke Hernandez, Hernandez, that’s Organizations: CNN, Republican National Convention, Customs, Trump, Migration, ICE, Bush Presidential, Immigrants, American Action, American Immigration, Pew Research Center, of Homeland Security, Syracuse University, Department of Homeland Security, Migration Policy, MPI, Pew Research, Tennessee, Refugee Rights Coalition, Community, Knoxville News Sentinel, USA, Carsey School of Public, University of New, Taxation, University of Pennsylvania’s Wharton School, Federation for American Immigration Reform Locations: United States, United, Guatemala City, China, Cuba, India, Russia, Venezuela, Mississippi, Tennessee, Morristown , Tennessee, University of New Hampshire
SEAL Team 6 is reportedly readying for a potential Chinese invasion of Taiwan. AdvertisementCould SEAL Team 6 special operators help Taiwan fend off a Chinese invasion? Related storiesThe Naval Special Warfare Development Group (DEVGRU), formerly known as SEAL Team 6, is the Navy's top-tier special operations outfit. SEAL Team 6 represents the cream of the crop of the SEAL community. And the direct support personnel serving with the unit will often have passed, depending on their role, Green Team, SEAL Team 6's physically and technically rigorous selection process.
Persons: , DEVGRU, Richard Phillips, Osama bin Laden, Katie Cox Organizations: Service, Financial Times, Navy, Warfare Development, Army's Delta Force, DEVGRU, Maersk, U.S . Navy, Navy SEALs, 75th Ranger Regiment, Big Navy, Strategic, Navy SEAL, SEAL, Green Team Locations: Taiwan, Beijing, China, Maersk Alabama, Somali
Robert Roberson, the condemned man whose execution was halted late Thursday because of an unprecedented legal gambit by Texas lawmakers, is expected to appear in person Monday at a legislative hearing in Austin, his legal representatives said. The subpoena was issued to help buy more time for Roberson, who has bipartisan support. The Office of the Attorney General quickly appealed the district court judge’s temporary injunction to the state’s highest criminal court, which agreed with allowing Roberson’s execution to continue. But lawmakers then petitioned their case to the Texas Supreme Court late Thursday as the hours ticked down before midnight — when Roberson’s death warrant was set to expire. State Rep. Brian Harrison, a Republican who helped to introduce the motion to subpoena Roberson, acknowledged Friday that although the execution was blocked, various issues remain at play.
Persons: Robert Roberson, Roberson, Nikki, Brian Harrison, , ” Harrison, “ We’re, Brian Wice, Greg Abbott, Abbott, ” Wice, Harrison, Organizations: Texas Supreme, of Criminal, State, Republican, U.S, Supreme Locations: Texas, Austin, U.S, Nikki’s, Houston
For their working-class, historically Black neighborhood, it was a lifeline to the outside world, a source of both pride and convenience. She doesn’t want to leave Turner Station, where her grandparents put down roots many decades ago. The federal government provided nearby housing only for white workers, so Black families started their own community in nearby Turner Station. He said Turner Station residents have expressed concern about potential damage to buildings from the seismic impact of the collapse. Meanwhile, Turner Station residents will be doing what they’ve done for generations: coming together and fighting for their community.
Persons: Baltimore’s Francis Scott Key, Minor, she’s, ruefully, , Courtney Speed, shouldn’t, “ We’ve, Turner, Speed’s Barber, , ” Henrietta, Johns Hopkins, Robert Curbeam, Kweisi Mfume, Calvin Hill, “ It’s, Mfume, he’s, ” Mfume, Marquis Neal, Linwood Jackson, Jackson, ” Vernon Banks, There’s Gloria Nelson, there’s, Rashad Singletary, ” Singletary, God, He’s, nodded Organizations: Turner, Black steelworkers Turner, Black steelworkers, Bethlehem Steel, Turner Station, NASA, . Rep, NAACP, NFL, Democrat, ” Residents, football, Mount, Mount Olive Baptist Church Locations: Black, Turner, Baltimore’s, Baltimore, Southern, Congress, Baltimore County, Vietnam, Bethlehem, Avondale, Mount Olive
Nearly all of those jurisdictions provide multiple vote reports (updates to the vote count) on election night and in the following days. In the November 2020 election, NBC News received over 88,000 updates to its vote totals across 542 different races. ET that night, NBC News received just over four updates per second, on average. Since 2018, the NEP has received vote count data from Edison Research, a firm that specializes in collecting election data. What makes election results in this country trustworthy, however, are the countless fail-safes that detect and correct such mistakes.
Persons: Edison, Organizations: NBC News, NBC, ABC News, CBS News, CNN, Edison Research Locations: Washington, New England, Clark County , Nevada, Las Vegas, Maricopa County , Arizona, Phoenix, Milwaukee County, Wisconsin
The latter appeared to hint at the Germany's waning influence over regional policy — a likely unthinkable notion only a few years ago. "The question is whether German car makers manage to adjust their product portfolios, change their organizations, and ramp up productivity quickly enough to preserve the status and relevance they had for decades." Brand loyaltyNot everyone is as concerned about the outlook for Germany's car industry. Sigrid de Vries, director general of the European Automobile Manufacturers' Association (ACEA), a car lobby group, said she finds it "really hard to believe" that Germany's auto sector is struggling to adapt to the electrification. Stephane Mouchmouche | Afp | Getty ImagesSome hope that this week's Paris Motor Show could prove to be a turning point for Europe's auto industry.
Persons: Julian Stratenschulte, Rico Luman, Robert Habeck, Luman, Chancellor Olaf Scholz, Germany's, Sigrid de Vries, de Vries, ACEA's de Vries, Porte, Stephane Mouchmouche, John Cooper, Julia Poliscanova, Poliscanova Organizations: VW, Getty, Volkswagen, Mercedes, Benz Group, BMW, Union, ICE, ING, CNBC, Federal, Economic Affairs, Emden ., EVs, Reuters, European Automobile Manufacturers ' Association, Paris, Automotive Summit, Porte de, Afp, John Cooper Works Electric, Transport, Environment Locations: Wolfsburg, Germany, China, Emden, German, Berlin, Europe, France, automaking, Paris
“Army officials stated that these low mission capable rates, along with the smaller size of the watercraft fleet after divestment, hinder operational readiness and the ability to meet mission requirement,” the report said. After the temporary pier mission ended — the pier was only operational for roughly 20 days in total with a cost of $230 million — the military requested civilian contractor support in bringing the Army’s vessels back to the US. The US military said four of its vessels, supporting a temporary pier built to deliver aid to Gaza by sea, had run aground in heavy seas. The GAO report also said the Army is considering leasing civilian watercraft to bolster its existing fleet and moving all of its watercraft to the Pacific. Ultimately, the Army watercraft is “how the ground force, the Army, gets to war,” Butler said.
Persons: , , Cynthia Smith, Smith, ” Col, Dave Butler, Randy George, ” Butler, Oren Ziv, Army “, Christine Wormuth, Wormuth, Butler Organizations: CNN, US Army, “ Army, Army, Getty, GAO, Army Futures Command, US Army Pacific, Pacific Command Locations: Gaza, Pacific, Ashdod, Japan, Hawaii
The US Army has been wargaming in the Indo-Pacific, preparing for what a future war might look like. "It is really hard to replicate that other than just training here in the region," Evans said. JPMRC allows the Army to test its combat readiness in the tropical, archipelago environments of the Pacific. Evans explained that nighttime operations remain a top priority for the Army, and JPMRC allows soldiers the opportunity to develop that "perishable skill." Mysti Bicoy"Sustainment is one of the things that we are focusing on in this training because of the disparate nature of the region," Evans explained.
Persons: , Marcus Evans, Mariah Aguilar, wargamed, Evans, JPMRC, Tiffany Banks, USARPAC's, Charles Flynn, John Pershing, Sgt, Mysti, we're Organizations: US Army, Service, Army, US, 25th Infantry Division, U.S, Joint Pacific Multinational Readiness, Troops, Pacific . U.S, Staff, 11th Airborne, sustainment, Pacific, . Air National Guard Locations: Hawaii, Pacific, China, Alaska, Japan, Philippines, Ukraine
TikTok wants to help creators sell their own custom products. Startups like Pietra help creators of all audience sizes break into product development by connecting them with manufacturers and opening avenues to test small-batch orders. TikTok creators can earn a commission on Shop sales they drive from their videos. Boosting sales on TikTok Shop has been a major focus at the company since the feature launched in the US in September 2023. AdvertisementDouyin, which, like TikTok, is owned by Chinese tech firm ByteDance, drives hundreds of billions in product sales annually.
Persons: TikTok, , Logan Paul, Emma Chamberlain, they've Organizations: Service, TikTok, Shop
Expedia stock climbed 8% while Uber stock fell more than 3% in premarket trading on Thursday. Uber spoke with advisors about a potential takeover in recent months, The Financial Times reported. AdvertisementExpedia stock jumped as much as 8% in Thursday's premarket, while Uber tumbled more than 3% following a report the ride-hailing giant recently explored a takeover of the travel group. A third party raised the idea of buying Expedia to Uber, sources told the FT, adding that merger talks were nascent and a deal might not materialize. One source told the newspaper that Uber hasn't formally approached Expedia, and there were no ongoing discussions between the two companies.
Persons: Uber, , Expedia, Uber hasn't, Dara Khosrowshahi Organizations: Financial Times, Service Locations: Thursday's premarket
Lydia Koh is a fine art wedding photographer and founder of a Singapore-based photography company. Koh said a timekeeper can help couples with a less stressful experience — a lesson from her own wedding. I started wedding photography in 2013 when I attended a gorgeous wedding on a ranch in Southern California with a sunset reception. AdvertisementAs much as I've learned from photographing weddings over the past decade, the biggest lesson came from my wedding. AdvertisementEveryone will want photos with the couple on the wedding day, and it can be overwhelming to manage everything alone.
Persons: Lydia Koh, Koh, , I've, They're, It's Organizations: Service Locations: Singapore, Southern California
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. "This is a time when markets are distorted… the October period before US elections have usually been distorted," Wieting said on Worldwide Exchange. He says Home Depot (HD) and American Express (AXP) are stocks that will benefit from continued spending of higher income earners. "The higher end consumer is where you want to be right now," said Zaman on Worldwide Exchange.
Persons: Patience Steven Wieting, Wieting, Aadil, JB Hunt Organizations: PRO, Worldwide, U.S, Citi Global Wealth Investments, American Express, Wall Street Alliance, Vanguard, Big Tech, US Freight, American Trucking Association, East, CSX Locations: U.S, East Coast
ASHEVILLE, N.C. — When schools here reopen for the first time since Hurricane Helene unleashed a frightening deluge on western North Carolina, teachers won’t simply pick up where they left off in their lesson plans. While all Asheville City Schools students and staff members have been accounted for, they are grieving the deaths of other members of their community. “We’re not going to be able to just jump right into academics,” Asheville City Schools chief of staff Kim Dechant said. The city has restored water for toilets and handwashing at all other district schools, Dechant said. And with schools being closed for over a month, teachers will inevitably have to account for students’ learning loss.
Persons: Hurricane Helene, won’t, They’ll, We’re, Kim Dechant, , Dechant, Maggie Fehrman, “ It’s, , Trenton Williams, Rosalyn, Elzy Lindsey, Kathy Park, Elizabeth Chuck Organizations: Asheville City Schools, Schools, Asheville, River Arts Locations: ASHEVILLE, N.C, , North Carolina, Asheville, Asheville’s, River Arts District, New York
President Volodymyr Zelenskyy unveiled his much anticipated “victory plan” on Wednesday, calling on his allies to take urgent steps to bolster Kyiv at a precarious moment in a bid to end the war with Russia next year. His plan proposed establishing a “comprehensive non-nuclear strategic deterrence package” inside Ukraine to protect against threats from Russia and to destroy its military power. Zelenskyy said it was imperative Kyiv’s partners remained united. “If we start moving on this victory plan now, we may be able to end the war by next year at the latest,” he said. Zelenskyy said he would travel to a summit of European Union leaders in Brussels on Thursday to present his plan.
Persons: Volodymyr Zelenskyy, Putin, , Zelenskyy, Kyiv’s, Roman Pilipey, Donald Trump, Joe Biden, Honcharenko, , Organizations: Kyiv, NATO, 24th Mechanized Brigade, Ukrainian Armed Forces, AFP, Getty, North, Republican, Union, Storm Locations: Russia, U.S, Europe, Donetsk, Ukraine, Pokrovsk, AFP, West, Iran, Moscow, Russian, United States, Russia’s Kursk, Brussels, Washington, Britain, France, Italy, Germany, Kurakhove, Roman
Lightning Round: Sweetgreen is terrific, says Jim Cramer
  + stars: | 2024-10-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Sweetgreen is terrific, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Oracle, AbbVie, Core Scientific, Clover, Health, GXO Logistics, and Sweetgreen.
Persons: Jim Cramer Organizations: Oracle, Clover, Health, GXO Logistics
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