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☆ Morgan Stanley sees stabilizing economy boosting cyclical stocks, names its favorites
▼ + stars: | 2024-10-14 | by ( Brian Evans | Nicole Teo | ) www.cnbc.com time to read: +3 min

Even as focus turns to the upcoming presidential election, Morgan Stanley thinks the business cycle will matter more for stock picking. NVDA YTD mountain Nvidia stock. Wells Fargo also made the cut. WFC YTD mountain Wells Fargo stock. Wells Fargo also repurchased $3.5 billion worth of stock throughout the quarter, which marked a 60% increase from the same period a year ago.

Persons: Morgan Stanley, Michael Wilson, Wilson, Nvidia, Goldman Sachs, Toshiya Hari, Wells Fargo, Jason Goldberg, Goldberg Organizations: Nvidia, Barclays Locations: Wells Fargo

☆ Billionaire Barry Diller thinks Elon Musk has a 'form of megalomania' and is backing Trump after being rejected by Biden
▼ + stars: | 2024-10-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Barry Diller suggested Elon Musk endorsed Donald Trump due to "rejection" by the Biden administration. AdvertisementBarry Diller thinks Elon Musk is backing Donald Trump because he's bitter about being rejected by the Democrats, the billionaire told the "Fire and Fury" podcast. "Why he has gone this way, I think, is out of some weird bitterness and rejection by the current administration," Diller told presenters Michael Wolff and James Truman. Musk was once a supporter of Joe Biden, but the pair have often sparred verbally since Biden took office in 2021. At The New York Times' DealBook Summit the same month, Musk told departing advertisers to "go fuck yourself."

Persons: Barry Diller, Elon Musk, Donald Trump, Biden, Michael Wolff's, Musk, —, Diller, Michael Wolff, James Truman, Joe Biden, Rupert Murdoch, Twitter, X, It's, he's Organizations: IAC, Service, Democrats, Trump, America PAC, SpaceX, Republicans, Fox, Paramount, Democratic Party, Twitter, Disney, Apple, The New York Times, CNN, Forbes, Business Locations: Pennsylvania

☆ Biden to announce more than $600 million for electric grid resilience during visit to survey Hurricane Milton damage
▼ + stars: | 2024-10-13 | by ( Michael Williams | Nikki | ) edition.cnn.com time to read: +4 min

The funds will be disbursed through the Department of Energy’s Grid Resilience and Innovation Partnerships Program. Ron DeSantis and Harris both accused each other of playing politics after reports that DeSantis ignored calls from Harris, the Democratic presidential nominee. In response, DeSantis pointed out that he’s been in touch with Biden and that Harris as vice president has no role in the federal government’s response. Biden did not meet with DeSantis during his trip to Florida, with the governor instead holding a news conference four hours south of where the president toured. Asked on Friday whether he planned to visit DeSantis during his latest trip, Biden replied: “If he’s available,” while calling the governor “very cooperative.”“We got on very, very well,” Biden said.

Persons: Joe Biden, Hurricane Milton, Hurricane Helene, Biden, “, ‘ It’s, Kamala Harris, Ron DeSantis, Harris, DeSantis, he’s, Sen, Rick Scott, Donald Trump, Keaton Beach, ” Biden Organizations: CNN, White, Gainesville Regional Utilities, Florida Power, Department of, Republican, Conservative, Republicans, Florida Gov, Democratic Locations: Florida, St, Petersburg, Hurricane, Georgia , South Carolina, North Carolina, Gainesville, Georgia, Keaton

The Supreme Court may soon consider two cases that could dismantle limits on how close protesters can be to people at abortion clinics and other health care facilities. Since the Supreme Court overturned Roe v. Wade, three abortion clinics have opened in Carbondale. “You can’t have protests on the steps of the Supreme Court,” he said. Neither petition has been scheduled to be discussed by the Supreme Court justices. It also turned away a case involving Alabama’s Supreme Court ruling that threatened access to in vitro fertilization in the state.

Persons: ”, Kristan Hawkins, Melissa Fowler, Roe, Wade, Jennifer Pepper, Andrea Morales, “, Brian Westbrook, Carbondale’s, Nicole Hester, Hill, Dobbs, Englewood Mayor Michael Wildes, ” David Cohen, Biden Organizations: Life, National Abortion Federation, Midwest, Choices, Reproductive, NBC News, Detroit City Council, Coalition, Thomas More Society, NBC, Reproductive Health, USA, Jackson, Health Organization, Carbondale, Englewood Mayor, Drexel University Kline School of Law, Alabama’s Locations: Carbondale, Illinois, Roe, Carbondale's, Hill v . Colorado, Colorado, Carbondale , Illinois, New Jersey, Englewood, Westchester , New York, Texas

“We’re going to be going to the Congress. Going to need a lot more money as we identify specifically how much is needed. But discussions surrounding FEMA and disaster-relief funding have taken a sharply political bent in recent weeks, a development that may complicate discussions in Congress. “Conservative, hardcore” Republicans, Biden said “are standing up and saying, ‘It’s got to stop.’” He later called Florida Gov. In more productive conversations, Biden spoke by phone with Scott, who told CNN they discussed ways Congress could re-up funding for FEMA and SBA when the time is right.

Persons: Joe Biden, Helene, Biden, hasn’t, Mike Johnson, “ We’re, We’re, I’m, ” Biden, Isabel Casillas Guzman, ”, Johnson, Chuck Schumer, Deanne Criswell, Milton, ” Criswell, Criswell, Donald Trump, “, ‘ It’s, Ron DeSantis, Florida Sen, Rick Scott, ” Scott, Harris, Alejandro Mayorkas, –, ” Mayorkas, Trump, DeSantis, Hurricane Helene, ” DeSantis, I’ve, ” Harris, Scott, CNN’s Isabel Rosales, Brian Kemp, Kemp, …, CNN’s Ella Nilsen Organizations: Washington CNN, Milton, Federal Emergency Management, Republican, Small Business Administration, SBA, CNN, FEMA, Disaster Relief, Congress, Trump, Conservative, Republicans, Florida Gov, Homeland, Pentagon, DC, of Housing, Urban, Department of Agriculture, Lawmakers, Democrats –, CNBC, Democrat, Republican Gov Locations: Florida, Milton, Hurricane Milton, Punta Gorda, North Carolina, Washington, Hurricane, DeSantis, In Georgia

That law, the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA), requires that states allow eligible Americans who live overseas to vote in federal elections. Heckel pointed out that the suit was filed two weeks after counties Pennsylvania began mailing ballots to military and overseas voters "and baselessly challenges Pennsylvania law, which provides clear procedures for processing applications by overseas voters." The lawsuits come as former President Donald Trump and his allies have begun to sow doubts about overseas voting. Last month, Trump claimed on Truth Social that Democrats would use overseas voting laws to "cheat," a baseless theory Elon Musk also shared on X last week. “Traditionally, we think of overseas voters as military voters who might skew Republican.

Persons: Guy Reschenthaler, Dan Meuser, Glenn Thompson, Lloyd Smucker, Mike Kelly, Al Schmidt, Schmidt, —, Jocelyn Benson, who’ve, Michael Whatley, Patrick Gannon, ” Gannon, ”, Angela Benander, it’s, Matt Heckel, Heckel, Donald Trump, Trump, Elon Musk, Kamala Harris, “, Jonathan Diaz, Diaz, scapegoating, ” Diaz, Democrats —, Rick Hasen, Hasen, ” Hasen Organizations: Republican National Committee, Republican, North Carolina State Board, Michigan Democratic, Republicans, Uniformed and Overseas Citizens, North, Michigan Department of State, PR, Pennsylvania Department of, Pennsylvania, Social, ” Overseas, Democrats, Democratic, UCLA School of Law, NBC Locations: Michigan, North Carolina, Pennsylvania, U.S

The extent of the damage to homes and businesses from Hurricane Milton is still being assessed. “There’s a lot of people feeling that anxiety, feeling the stresses, compounding with two different storms so close together,” Martin said. My mental health cannot handle that." Before Hurricane Milton hit, families in Tampa, Florida, were still coping with damage by flooding from Hurricane Helene. The Substance Abuse and Mental Health Services Administration (SAMHSA) recommends to call or text 1-800-985-5990 24/7.

Persons: Hurricane Milton, Meghan Martin, Hurricane Idalia, “, ” Martin, Martin, ”, Gail Saltz, Michelle Chernicoff, David, Helene, Milton, Chernicoff, it’s, Rita Simmons, ” Simmons, Matt Shannon, decompensate, Shannon, Simmons, Hurricane Helene, Michael Warren, Kelly Warren, ’, Warren, ” Michael Warren “ It’s, you’re, ” Michael, ” Kelly, Saltz, Matt Lavietes Organizations: Johns Hopkins, Children’s, Hurricane, Centers for Disease Control, Presbyterian Hospital, West Palm Beach, University of Florida Health, Moffitt Cancer Center, NBC, Mental, Mental Health Services Administration Locations: Hurricane, Florida, St . Petersburg, NewYork, New Port Richey , Florida, West Palm, New Port Richey, Fla, West Palm Beach, barreling, Pinellas County, Florida’s, Sarasota, Clearwater ., Tampa, Tampa , Florida

☆ I was paralyzed from the chest down by a school shooter at 15. I chose to forgive him.
▼ + stars: | 2024-10-10 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +6 min

Missy Jenkins Smith was shot at the age of 15 in the school shooting at Heath High School. She chose to forgive the shooter, refusing to let anger dictate the rest of her life. It was a cold morning on December 1st when I got to school after nearly a week off celebrating Thanksgiving. Before the day started, a group of us gathered in the lobby of the school to pray. It was a completely safe school — some would say the safest school of all the high schools in our area.

Persons: Missy Jenkins Smith, —, everyone's, Michael, Nicole, Mandy, Jessica, Jessica wasn't, Kayce, I've Organizations: Heath High School, Service

☆ Biden tells Trump to ‘get a life’ over storm misinformation, promises Milton survivors they’ll get the help they need
▼ + stars: | 2024-10-10 | by ( Michael Williams | ) edition.cnn.com time to read: +4 min

President Trump — former President Trump — get a life, man. But, he warned, it has only been hours since Hurricane Milton made landfall and it was still too early to fully assess damages across the state. “Vice President Harris and I have been in constant contact with state and local officials,” the president added. Federal officials warned that in some cases the rumors are designed to prevent people who need help from seeking it. Biden has also spoken with numerous other lawmakers, including staunch Trump supporter and Florida Republican Rep. Anna Paulina Luna and Florida Republican Sen. Rick Scott.

Persons: Joe Biden, Hurricane Milton —, Donald Trump, Biden, “ Mr, Trump, Trump —, Hurricane Helene, Milton, ” Biden, “ It’s, Harris, “, he’s, Ron DeSantis, it’s, DeSantis, Harris “, Deanne Criswell, Helene, Milton —, Anna Paulina Luna, Florida Republican Sen, Rick Scott Organizations: Washington CNN, Hurricane, House, White, Florida Gov, Federal Emergency Management Agency, Fox News, Biden, FEMA, Trump, Florida Republican Rep, Florida Republican Locations: Hurricane, Florida, Harris

☆ Yankees ride strong performance from Gerrit Cole over Royals, advance to ALCS: Takeaways
▼ + stars: | 2024-10-10 | by ( Rustin Dodd | Tyler Kepner | ) www.nytimes.com time to read: +6 min

The Yankees will host Games 1 and 2 of this ALCS and, if needed, Games 6 and 7. Yankees veterans show upWhen the Yankees needed them most, their veterans finally showed up en masse. Then the baseball fell to earth, dropping harmlessly into the glove of Yankees right fielder Juan Soto, just in front of the fence. According to the official scorer at Kauffman Stadium, the wind was blowing from right field to left field at 6 mph at first pitch. Not at Kauffman Stadium, where the power alleys are 387 feet from home plate and straight-away right field is more than 370 feet away.

Persons: Rustin Dodd, Tyler Kepner, Chris Kirschner, Brendan Kuty, Derek Jeter, Alex Rodriguez, Gleyber Torres, Juan Soto’s, Jon Berti, Torres, Alex Verdugo, Aaron Judge, Austin Wells, Giancarlo Stanton —, —, Gerrit Cole, Cole, Kyle Isbel, Juan Soto, MJ Melendez, Royals ’, Matt Quatraro, Lucas Erceg, Michael Wacha, Quatraro, Erceg, Soto, Giancarlo Stanton, Anthony Volpe, Yuli Gurriel, Jazz Chisholm, Chisholm, “, ”, Chisholm, Michael Massey, Maikel Garcia, Garcia, Volpe, Bobby Witt Jr, Vinnie Pasquantino, Mary DeCicco Organizations: Brendan Kuty KANSAS CITY, American League, New York Yankees, Yankees, Kansas City Royals, Kauffman, Tigers, Royals, Yankee, — Sportsnet, Kansas City Locations: Brendan Kuty KANSAS, Cleveland, Detroit, Texas, Houston, Austin, Kansas

☆ GM ditching 'Ultium' name for batteries and tech amid EV changes
▼ + stars: | 2024-10-09 | by ( Michael Wayland | ) www.nbcnews.com time to read: +4 min

Aside from EVs, GM touted its lowering capital costs and the company’s flexibility to produce both traditional vehicles with internal combustion engines and EVs. Shares of GM were roughly level aside from a roughly 3% increase during the beginning of the event. The change to Ultium comes after GM spent billions of dollars to develop in-house “Ultium” batteries and technologies that the automaker previously touted as “revolutionary” and the ultimate technologies to be able to build a profitable EV business. The company said the batteries and the technologies will remain, but the name “Ultium” will not, other than production operations such as its “Ultium Cells” joint venture plants with LG Energy Solution. GM has been rethinking its EV battery strategy amid changing market conditions and an influx of new, outside executives, including Tesla veterans JP Clausen, who now leads GM manufacturing, and Kurt Kelty, GM’s vice president of battery.

Persons: GM, EVs, Ultium, ”, JP Clausen, Kurt Kelty, Mary Barra, ” Kelty, Rory Harvey, “, Orion Organizations: DETROIT, Detroit automaker, GM, LG Energy, Tesla, LG, South Korea’s Samsung SDI, CNBC, Orion Locations: North America, Orion Township , Michigan, U.S, Detroit

☆ Biden and Harris step up public engagement about the dangers of Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Michael Williams | ) edition.cnn.com time to read: +6 min

Later Wednesday, the White House said Biden had spoken by phone with officials in Florida in advance of Hurricane Milton making landfall. Harris’ visible role on the storm response comes as Hurricane Helene and now Milton have become part of the 2024 campaign, with less than four weeks to go before Election Day. She’s been making statements on issues that don’t typically fall under the purview of her official role as vice president. Her campaign has been consumed in recent days by the latest hurricane as it is working to evacuate staff, pause voter outreach across Florida and keep an eye on potential early voting ramifications following Hurricane Helene in a battleground state like North Carolina. It’s looking like the storm of the century,” Biden said during the briefing.

Persons: Milton, Joe Biden, Kamala Harris, “, we’ve, ” Biden, “ We’ve, Kamala, Harris ’, Hurricane Helene, Federal Emergency Management Agency — Biden, Harris, CNN’s Dana, ”, Biden —, Roosevelt, Biden, Hurricane Milton, She’s, ” Harris, Bash, Donald Trump, I’m, –, ABC’s, Trump, – Biden, Marjorie Taylor Greene, That’s, Helene, MJ Lee, Donald Judd Organizations: CNN, National Weather Service, Federal Emergency Management Agency, White, Weather Channel, Angola —, White House, Trump Locations: Florida, New York, Germany, Angola, Hurricane, “, North Carolina, ”, Marjorie Taylor Greene of Georgia

☆ Need for more production cuts in the Lithium market, says analyst
▼ + stars: | 2024-10-09 | 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 EmailNeed for more production cuts in the Lithium market, says analystMichael Widmer, the managing director and head of metals research at Bank of America Global Research, discusses the Lithium market and Rio Tinto's announcement it is acquiring Arcadium.

Persons: Michael Widmer Organizations: Bank of America Global Research, Rio

☆ Here's what investors need to know after GM's capital markets day
▼ + stars: | 2024-10-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

GM's investor day showcased many of the company's current achievements, but did not provide much insight on strategy," Bernstein analyst Daniel Roeska wrote Wednesday in an investor note. "GM's Investor Day yesterday didn't provide much in the way of sharp shifts in strategy. Through the first half of 2024, GM earned $8.3 billion in EBIT-adjusted and generated $6.4 billion in adjusted automotive free cash flow. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. GM's operations in China have experienced a decade-long slide in earnings, and executives said they are discussing restructuring options with their China-based partners.

Persons: Rebecca Cook, Mary Barra, Mark Reuss, Stellantis, Bernstein, Daniel Roeska, Dan Levy, John Murphy, Levy, Paul Jacobson, Jacobson, GM's, we're, Barra, Ultium, Kurt Kelty, " Jacobson, Reuss, that's, you'll, Tesla's Organizations: General Motors, Reuters DETROIT —, GM, Ford Motor, Ford, Barclays, BofA Securities, Wall Street, EV tailwinds, North America, LG Energy, ICE, GMC, China Locations: Detroit, Spring Hill , Tennessee, North, Cruise, China

☆ Group of smaller stocks is primed for major gains ahead, according to Oppenheimer
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

In 2024, the small-cap benchmark Russell 2000 's 8% rise still lags the S & P 500's roughly 19% gain. However, Oppenheimer thinks there is further upside ahead for these names. The stock offers a 5% dividend yield and healthy — albeit "lumpy" — free cash flow growth, the analyst added. CCOI YTD mountain Cogent Communications in 2024 Health-care services stock Chemed is another one of Oppenheimer's favorites. The online sports-betting (OSB) data provider could surge more than 37%, based on the $10 price target Oppenheimer holds on shares.

Persons: Oppenheimer, Russell, Timothy Horan, " Horan, Horan, Chemed, Michael Wiederhorn, Wiederhorn, Jed Kelly, — CNBC's Michael Bloom Organizations: Federal Reserve, Genius Sports, National Football League, Football, Professional

☆ GM expects 2025 earnings to be similar to this year's despite industry headwinds
▼ + stars: | 2024-10-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul Jacobson said Tuesday during the company's investor day. Achieving its 2024 targets as well as similar earnings next year would be quite an accomplishment. Jacobson declined to provide specific financial targets until the company formally releases its 2025 financial guidance early next year. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. Other than the financial targets for 2025, the automaker provided few significant updates at its investor day.

Persons: Paul Jacobson, Jacobson, Mary Barra Organizations: GMC, DETROIT —, Motors, Detroit, Auto, GM, North America, Wall Street Locations: Richmond , California, DETROIT, North

☆ GM ditching 'Ultium' name for batteries, tech amid EV changes
▼ + stars: | 2024-10-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. DETROIT — General Motors will drop the name "Ultium" for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and battery operations. The Detroit automaker confirmed the switch Tuesday ahead of an investor event in which GM is expected to discuss the change. The change comes after GM spent billions of dollars to develop in-house "Ultium" batteries and technologies that the automaker previously touted as "revolutionary" and the ultimate technologies to be able to build a profitable EV business. The company said the batteries and the technologies will remain, but the name "Ultium" will not other than production operations such as its "Ultium Cells" joint venture plants with LG Energy Solution.

Persons: EVs, JP Clausen, Kurt Kelty Organizations: Motors, Tech Center, DETROIT —, Detroit automaker, GM, LG Energy, Tesla Locations: Warren , Michigan, DETROIT, North America

☆ GM investor day: Cruise, cash and EV profits top of mind for Wall Street
▼ + stars: | 2024-10-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — A lot has changed since General Motors' last investor day two years ago, but one thing that hasn't is the automaker's ability to outperform Wall Street's expectations — doing so every quarter since then. "Accordingly, whereas the theme for GM three years ago was "Growth Motors," we believe the theme today is "praGMatic Motors." To underscore that effort, the event is taking place GM's vehicle assembly and Ultium EV battery plants in Tennessee. Barra and other executives have stressed such a dual strategy since lowering or withdrawing nearly all of the company's EV targets amid slower than expected adoption of electric vehicles. "We are making the most of every opportunity we have in ICE and in EV and leveraging our core strengths," Barra said during the company's second-quarter investor call in July.

Persons: Mary Barra, General Motors, Dan Levy, Barra Organizations: General Motors Co, DETROIT, General, Wall Street, GM, Barclays, Spring, Spring Hill Assembly, ICE, EV Locations: Detroit , Michigan, China, Barra, Tennessee, Spring Hill

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

☆ Video: ‘SNL’ takes on the vice presidential debate
▼ + stars: | 2024-10-06 | by ( Michael Wade Sanders | ) edition.cnn.com time to read: 1 min

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☆ GM halts production at two major U.S. plants due to Hurricane Helene
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.nbcnews.com time to read: +2 min

DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts to suppliers as a result of Hurricane Helene. A GM spokeswoman declined to speculate on when the plants were expected to restart production as of Friday morning. A Thursday message to workers in Arlington viewed by CNBC said production at that plant was expected to resume Monday. Hurricane Helene made landfall in Florida late last week and hit the southeastern United States and parts of western North Carolina particularly hard. Jeffrey Morrison, GM vice president of global purchasing and supply chain, on Thursday said the hurricane and the port workers strike were disruptive events for the automaker.

Persons: Hurricane Helene, “, Jeffrey Morrison, dockworkers, Morrison, “ Covid, Jesse Jackson’s, We’ve, ” Morrison Organizations: DETROIT, Motors, Arlington Assembly, Chevrolet, Cadillac, GMC Yukon, CNBC, Coalition, “ Locations: Hurricane, Flint , Michigan, Texas, Arlington, Florida, United States, North Carolina, Detroit

☆ Trump’s ground game relies on untraditional strategies to draw out battleground voters
▼ + stars: | 2024-10-04 | by ( Steve Contorno | Fredreka Schouten | ) edition.cnn.com time to read: +19 min

And it’s a playbook that former President Donald Trump’s campaign has tossed aside. It’s a gamble, Trump’s campaign internally acknowledges, but one that they insist is built on data they have collected over nearly a decade and tested for the past six months. Days later, the Michigan state party chairman also plugged 10xVotes when he rolled into Traverse City, Michigan, alongside Trump running mate JD Vance. But rather than courting those voters, Trump’s campaign is in search of new ones. Trump’s campaign has also tried to seize on discord within the Democratic coalition.

Persons: Paul Hudson, “ Harris Walz ”, Donald Trump’s, Trump, Elon Musk, Tucker Carlson, JD Vance, “, ”, Dennis Lennox, Mary, Kamala Harris –, don’t, James Blair, Blair, ” Blair, Donald Trump, Anna Moneymaker, Gerald Ford, Nikki Haley, Hillary Scholten, ” Hudson, Trump’s, Charlie Kirk, Harris, Musk, –, Republicans Kari Lake, Blake Masters, Sen, Rebecca Noble, flummoxed, Joe Biden, Susie Wiles, Volodymyr Zelenskyy, Julia Demaree Nikhinson, Virgin Mary, Michael, Lennox, you’re, ” Lennox, Michael Whatley, Lara Trump, Elijah Nouvelage, Jim Pillen, wouldn’t, ” Danielle Butterfield, ’, CNN’s Ali Main, Kristen Holmes, David Wright, Jeff Zeleny Organizations: CNN, Republican, Grand Rapids, Trump, Republicans, Republican Party, Veteran Affairs, Grand, White House, Van, South Carolina Gov, America PAC, Musk, Federal, Commission, Getty, Trump Force, Sunshine State, Miami Gardens, Cuban, Democratic, Florida, Biden, GOP, Michigan, Republican National Committee, RNC, University of North, Republican Gov, Nebraska’s, White, Democrat, USA Locations: doorsteps, Michigan, Grand Rapids, Grand, Traverse City , Michigan, Detroit, Grand Rapids , Michigan, Congress, Kent, Arizona, Mesa , Arizona, AFP, Arizona , Wisconsin, Wolverine, Wisconsin, Iowa, Ohio, Florida, Black, Miami, Israel, Puerto, Dade County, New York, Pennsylvania, Cheboygan County , Michigan, Republican County, North Carolina, University of North Carolina, Georgia, Fulton County, Atlanta, Nevada, Nebraska, Omaha, Wisconsin , Michigan

☆ Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Shares of Rivian Automotive dropped about 8% during premarket trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual production forecast for 2024. The company said the lower production target — down from 57,000 units to between 47,000 and 49,000 — was because of a "production disruption due to a shortage of a shared component" for its R1 vehicles and commercial van. "This supply shortage impact began in Q3 of this year, has become more acute in recent weeks and continues. As a result of the supply shortage, Rivian is revising its annual production guidance to be between 47,000 and 49,000 vehicles," the company said in a statement. A Rivian spokesman said the component causing the problem is part of its in-house motors, but he declined to disclose any further details.

Persons: RJ, Morgan, We've Organizations: Rivian Automotive

☆ Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Waymo, which boasts around 700 vehicles in its fleet today, operates the only commercial robotaxi service in the U.S., Waymo One. They are expected to become available to Waymo One robotaxi riders in the years to follow, the companies said. Hyundai said the Waymo partnership "doesn't influence" Motional.

Persons: Waymo, robotaxi, José Muñoz, Muñoz, Hyundai, — CNBC's Jennifer Elias Organizations: Hyundai, Chrysler, Hyundai Motor North America Locations: Korean, U.S, Georgia

☆ With misinformation swirling in Hurricane Helene’s wake, officials urge residents to ‘stop this conspiracy theory junk’
▼ + stars: | 2024-10-04 | by ( Michael Williams | ) edition.cnn.com time to read: +8 min

Presenting no evidence, Trump claimed earlier this week that the Biden administration, along with North Carolina’s Democratic Gov. Those rumors prompted many state and local officials – including other Republicans – to push back. North Carolina Lt. Gov. The few that aren’t are owned by states other than North Carolina.” That statement is directly contradicted by an earlier tweet from the North Carolina National Guard, which reported it had conducted 57 air missions and rescued more than 400 people. “I think what makes it particularly frustrating is clearly, in these times, social media could be an invaluable source of reliable information.”

Persons: Hurricane Helene, ”, David Harker, Harker, Donald Trump, Elon Musk, Helene, Trump, Biden, Roy Cooper, Musk, ” Trump, –, Sen, Kevin Corbin, “, ” Corbin, Cooper, that’s, Deanne Criswell, Bill Lee, ” Lee, Mark Robinson, Robinson, Todd Hunt, Ron DeSantis, Ardis Watkins, Marjorie Taylor Greene, Greene, it’s, ” Harker Organizations: CNN — Local, Humanities, East Tennessee State University, North Carolina’s Democratic Gov, Federal Emergency Management Agency, FEMA, Facebook, Tennessee Emergency Management Agency, National Guard, Tennessee Gov, Republican, Gov, North Carolina National Guard, “, Soldiers, Florida Gov, State Employees Association of North, Local, CNN, East Tennessee State Locations: United States, North Carolina, Tennessee, “ Florida, State Employees Association of North Carolina, North Georgia

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