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☆ Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
▼ + stars: | 2024-11-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration. What America importsThe United States’ top import from Canada is oil, which reached a record 4.3 million barrels per day in July, according to the US Energy Information Administration. The United States imports a significant amount of electronics from China, in addition to machinery, toys, games, sports equipment, furniture and plastics. The Trump tariffs also hit foreign steel, aluminum, washing machines and solar panels. He did just that when he was last in the White House, placing large tariffs on goods, primarily from China.

Persons: Donald Trump, Trump, ” Trump, “, ”, Liu Pengyu, ” Liu, Dow, Karl Schamotta, United Nations ’, It’s, Scott Bessent, Bessent’s, Trump’s, CNN’s Matt Egan, Jack Forrest Organizations: CNN, United, Embassy, United States, Canadian, Nasdaq, Treasury, America, US Energy Information Administration, United Nations, Commerce Department, Peterson Institute for International Economics, Senate, Commerce, US Trade Representative Locations: Mexico, Canada, China, “, United States, United, America

☆ Jim Cramer examines Wall Street's reaction to Trump Treasury secretary pick
▼ + stars: | 2024-11-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday reviewed investors' reaction to President-elect Donald Trump's latest cabinet pick, hedge fund manager Scott Bessent. His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. "What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin before him," he said "And those who believed Trump couldn't get a dollop of rigor in the cabinet — well, they've been proven wrong." Cramer also pointed out that Treasury yields fell, with the 10-year sliding to about 4.28% when investors were worried about it hitting 4.5% a few days ago. "That's where Scott Bessent, the Treasury Secretary designate, comes from, so the fence sitters and skeptics are jumping on the Trump bandwagon as if the president elect said, 'higher stock prices and lower taxes for all.'"

Persons: CNBC's Jim Cramer, Donald Trump's, Scott Bessent, Steven Mnuchin, Trump, they've, Cramer, George Soros, Bessent, Shinzo Abe, That's Organizations: Dow Jones Industrial, Treasury, Trump

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On the first trading day since Donald Trump chose the billionaire financier Scott Bessent as his pick for Treasury secretary, investors seem to be signaling they like the choice. Bessent does,” Paul Donovan, chief economist of UBS Global Wealth Management, wrote in a research note on Monday. The Key Square Group founder overcame serious opposition from some in Trump’s inner circle. On Wall Street, a document was circulated suggesting that his Key Square hedge fund had underperformed the booming markets. Bessent’s ascent is notable in that he doesn’t appear to have been on Trump’s radar during his first administration.

Persons: Donald Trump, Scott Bessent, ” Paul Donovan, Elon Musk, Howard Lutnick, Cantor Fitzgerald, Trump, Lutnick, Bessent, Mark Rowan Organizations: “, UBS Global Wealth Management, Key Square, Commerce Department, Apollo Global Management

☆ Here's why our lone energy stock is falling despite a surge in natural gas prices
▼ + stars: | 2024-11-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

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, Donald Trump's, Scott Bessent, Bessent, it's, Stanley Black, Decker, Stanley, Trump's, We're, Trump, we're, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, Stanley, EBW, Reuters, Biden, LNG, Coterra Energy, Abercrombie, Fitch, Burlington Stores, Dick's Sporting Goods, Jim Cramer's Charitable Locations: China, Israel, Kohl's

☆ Gold drops over 1% on profit-booking, Trump's Treasury Secretary pick
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +2 min

Gold bar bullions ingot, selective focus, crisis safe haven for investment or reserve for country economics. Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury Secretary. Spot gold fell 1.52% to $2,671.29 per ounce as of 0501 GMT, while U.S. gold futures shed 1.5% to $2,672.90. Gold's five-day rally pauses due to some profit-taking and Trump's pick of Scott Bessent as U.S. Treasury Secretary, hinting at tempered use of tariffs and easing U.S.-China trade uncertainty, said IG market strategist Yeap Jun Rong. Less dovish U.S. policy signals and potential inflation surprises could support a December rate hold, slowing rate cut prospects can be seen weighing on gold prices, Rong said.

Persons: Scott Bessent, Yeap Jun Rong, Donald Trump, Rong Organizations: Treasury, Federal, Traders Locations: China, U.S, Israel, Beirut, Tel Aviv

“Gladiator II,” the sequel to the 2000 historical epic, also pulled in an estimated $55.5 million from more than 3,500 locations. With “Gladiator II” and “Wicked,” similar excitement had built up online for months, with many fans gearing up for what they deemed “Glicked” (pronounced glick-id). Similarly, “Gladiator II” and “Wicked” offered moviegoers the opportunity to lean into the contrasting themes. By comparison, Ridley Scott’s “Gladiator II” is an action-packed film with swords, violent battles and ancient warfare. Still, “Glicked” didn’t quite replicate the magic of “Barbenheimer,” according to Shawn Robbins, founder of Box Office Theory and director of analytics at Fandango.

Persons: ”, “ Barbie ”, “ Oppenheimer ”, glick, “ Barbie, “ Oppenheimer, ” “, Paul Dergarabedian, “ Barbenheimer, Barbie ”, Cynthia Erivo, Ariana Grande, Ridley Scott’s, David Joshua Taylor, “, Taylor, Paul Mescal, Pedro Pascal, Shawn Robbins, ” Robbins, Grande, ” Mescal, Lucius, Robbins, that’s Organizations: Universal Pictures, Paramount Pictures, Airbnb, NBC, Comcast, Variety Locations: Oz, North America, Rome

☆ Meet the Press – November 24, 2024
▼ + stars: | 2024-11-24 | by ( ) www.nbcnews.com time to read: +57 min

[END TAPE]KRISTEN WELKER:According to the Washington Post, President-elect Trump plans to fire the team that worked with the special counsel. So, I think President Trump is picking reformers for these Cabinet positions. After the midterms Joe Biden said that there was no way President Trump would ever be back in the White House. He's going to sign some executive actions, but he's also going to then begin to roll out this plan. I also think he's going to face some skepticism by Republicans on using the military, for instance, going kind of into different states.

Persons: KRISTEN WELKER, MATT GAETZ, Donald Trump’s, Matt Gaetz, SEN, KEVIN CRAMER, RON JOHNSON, PETER WELCH, Will Mr, Donald Trump, STEPHEN MILLER, Vladimir Putin, Adam Schiff of, Eric Schmitt of Missouri, Kelly O’Donnell, Jeh Johnson, Anna Palmer, Stephen Hayes, it’s, Kristen Welker, reconsidering, DONALD TRUMP, Gaetz, MARKWAYNE MULLIN, Trump, Pam Bondi, Bondi, Eric Trump, they're, Jack Smith, Pete Hegseth, Tulsi Gabbard, Bashar Assad, Nikki Haley, NIKKI HALEY, DNI, TOM HOMAN, Trump's, Russell Vought, Russ, who's, That's Russ, Schmitt, Press . SEN, ERIC SCHMITT, he's, Pam, should've, You've, everybody's, it's, Joe Biden, Merrick Garland, Kristen, Alvin Bragg, General Merrick Garland, I've, Jane Doe, Hegseth, didn't, there's, It's, She's, maybe's, Tulsi, I'm, We've, There's, He's, they've, Adam Schiff, Adam Schiff of California, Schiff, ADAM SCHIFF, Bashar al, Assad, Marco Rubio, Rubio, Debbie Wasserman Schultz, Gabbard, That's, —, Adam, Shifty, Donald Trump's, –, Harris's, Kamala Harris didn't, Joe Biden's, Biden's, Pelosi, Biden, Nancy Mace, Mace, Sarah McBride, McBride, Johnson, Kelly O'Donnell, KELLY O’DONNELL, Anna, we're, ANNA PALMER, JEH JOHNSON, we've, Lindsey Graham, I'd, Steve, STEPHEN HAYES, We're, Eric Schmitt, you've, Kelly, Scott Bessent, Newt Gingrich, Gingrich, NEWT GINGRICH, KELLY O'DONNELL, Let's, it's Trump, Obama, Tom Homan, Rand Paul, let's, Bob Gates, Leon Panetta, McConnell, They're, he'll, Mitch McConnell, Mitch McConnell's, Stephen, John Thune, Thune Organizations: Republicans, Biden Administration, Democratic, Adam Schiff of California, NBC, White, Homeland, Punchbowl News, The, Press, Justice Department, Pentagon, Republican Senators, BONDI, The Department of Justice, Washington Post, Trump, OMB, Press ., NBC News, Gaetz, DOJ, Patriot, White House, Department, Senators, Armed Services Committee, DNI, Democrat, intel, United States Senate, it's, Services, Judiciary, NATO, Capitol, Intelligence, Democratic Party, Homeland Security, Senate Republicans, Senate, Sears, Roebuck, FBI, Department of Defense, New, New York Cities, Biden, DOD, Republican Conference, Defense Locations: Ukraine, Washington, Florida, PRES, Pennsylvania, United States of America, New York, Atlanta, China, Russian, Hawaii, American, Europe, U.S, Russia, United States, America, Tulsi, –, Guantanamo

☆ ‘Wicked’ and ‘Gladiator II’ Jump-Start the Box Office, but at a Cost
▼ + stars: | 2024-11-24 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Hollywood was back this weekend to where it desperately hungers to be — at the center of global culture. Women flocked to the PG-rated “Wicked,” a lavish adaptation of Act One of the popular Broadway musical, while men supported “Gladiator II,” an R-rated sequel 24 years in the making. Together, the two big-budget movies were on pace to sell roughly $380 million in tickets worldwide, bringing the box office back to life after months of audience indifference. That sum would make “Wicked” the third-highest opener for the year, behind $211 million for “Deadpool & Wolverine” and $154 million for “Inside Out 2.” (Overseas, “Wicked” was expected to collect an additional $48 million.) Ridley Scott’s “Gladiator II” was on pace to collect about $60 million in North America, including previews, for a worldwide total since arriving in overseas release earlier this month of about $225 million.

Persons: hungers, ”, “, Deadpool, Ridley Scott’s Organizations: Hollywood Locations: United States, Canada, North America

☆ One of Trump's cabinet picks shows how making it easier to build homes is a rare point of bipartisan agreement
▼ + stars: | 2024-11-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Doug Burgum, Trump's nominee for Secretary of the Interior and "energy czar," won praise from pro-housing advocates from both parties earlier this year when he made the case for denser, more walkable, mixed-use communities. Advertisement"He's been a champion of zoning reform and parking reform and transportation reform," Chuck Marohn, the founder of the urbanism nonprofit Strong Towns, told Business Insider. Doug Burgum — President-elect Donald Trump's pick to lead the US Department of Interior — reflects the growing bipartisanship around deregulating housing. At the same time, the housing shortage has begun to impact communities across the country rather than just large coastal metros. While Republicans use language about private property rights, free markets, and deregulation to make a case for YIMBY policies, Democrats talk about racial equity and environmental sustainability, Nolan Gray, research director for California YIMBY said.

Persons: Doug Burgum, Donald Trump's, Burgum, Chuck Marohn, it's, Doug Burgum —, US Department of Interior —, Scott Olson, Marohn, millennials, It's, Bryan Caplan, Nolan Gray, California YIMBY, Gray, Emily Hamilton Organizations: North Dakota Gov, homebuilding, US Department of Interior, George Mason University, Democrats, Republican Locations: Fargo, Bismarck, Strong, California

☆ Rev. William Barber offers a blueprint for Democrats’ revival in Trump’s second term
▼ + stars: | 2024-11-24 | by ( John Blake | ) edition.cnn.com time to read: +12 min

William J. Barber II has long been one of America’s most persistent and eloquent spokespersons for poor and working-class Americans. Barber is the recipient of a MacArthur “genius grant” and helps lead the Poor People’s Campaign, which seeks national solutions to ongoing poverty. Barber also done something else: He’s shown Democrats how they can win political victories in red states. He once said, “Racism may target Black people, but it damns a democracy, and it damns humanity.”CNN spoke with Barber about the country’s future in Trump’s impending second term. Critics say Democrats are elitist and look down on working-class people.

Persons: Joe Rogan’s, Kamala Harris, Donald Trump, Harris ’, Trump’s, Trump, Biden’s, William J, Barber, MacArthur, Harris, ”, it’s, I’m, Andrew Harnik, there’s, we’ve, Scott Olson, —, there’d, JD Vance, We’ve, Hillary Clinton, MAGA, Linda Ronstadt, Alex Brandon, It’s, Woodrow Wilson, Wilson, Plessy, Ferguson, Jim Crow, William Barber, Jemal Countess, wasn’t, didn’t, John Blake Organizations: CNN, MLK, Poor, Center, Public Theology, Yale Divinity School, Republican, GOP, Democratic, ” CNN, Democratic Party, Howard University, Getty, Trump, Linda Ronstadt Music, AP, Democrat, Klux Klan, Supreme Locations: America, North Carolina, New York City, Washington, Chicago, Appalachia, Alabama, There’s, Tucson , Arizona, That’s

☆ 'Wicked' soars at the box office with an estimated $164 million worldwide
▼ + stars: | 2024-11-24 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +2 min

"Wicked" topped the domestic box office with an estimated $114 million. The film has earned an estimated $164.2 million worldwide so far. Universal Pictures' highly anticipated — and heavily promoted — film topped the domestic box office with an estimated $114 million in ticket sales during its opening weekend. The action film earned an estimated $55.5 million domestically. It debuted overseas a week earlier, however, and has so far grossed an estimated $165 million from the international market, Variety reported.

Persons: Jon M, Oz, Cynthia Erivo, Ariana Grande, Jeff Goldblum, Michelle Yeoh, Jonathan Bailey, VALERIE MACON, Gregory Maguire's, Paul Mescal, Lucius, Aidan Monaghan, Paramount Pictures Ridley Scott's, Greta Gerwig's, Christopher Nolan's, Oppenheimer, —, Denzel Washington, Pedro Pascal Organizations: Universal Pictures, Los Angeles, Paramount Pictures, Hollywood, Variety Locations: AFP

☆ This is the biggest question in AI right now
▼ + stars: | 2024-11-24 | by ( Lakshmi Varanasi | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

AdvertisementAI leaders are rethinking data-heavy training for large language models. Traditional models scale linearly with data, but this approach may hit a dead end. Now, AI leaders are rethinking the conventional wisdom about how to train large language models. The focus on training data arises from research showing that transformers, the neural networks behind large language models, have a one-to-one relationship with the amount of data they're given. The money going into AI has largely hung on the idea that this scaling law "would hold," Scale AI CEO Alexandr Wang said at the Cerebral Valley conference this week, tech newsletter Command Line reported.

Persons: Alex Voica, Mohamed, Alexandr Wang, It's, Aidan Gomez, Gomez, Richard Socher, we're, Kevin Scott, Waleed Kadous, Uber Organizations: Meta, Google, University of Artificial Intelligence, Command, Microsoft, Sequoia Capital's, OpenAI's o1, o1 Locations: University, ChatGPT, gpt

☆ Inside Kevin Smith's most personal venture yet: Owning his childhood movie theater
▼ + stars: | 2024-11-24 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +12 min

AdvertisementKevin Smith's SModcastle Cinemas is a shrine to the filmmaker's career. Entering SModcastle Cinemas, the New Jersey movie theater owned by filmmaker Kevin Smith, is like approaching the altar of a giant shrine to raunchy slacker-cinema. On at least one of them, a Kevin Smith movie is usually playing. AdvertisementSModcastle Cinemas is a home for all things Kevin SmithSModcastle Cinemas shows first-run movies and Kevin Smith classics. And he's hoping that when you show up, you're buying something from the concession stand, which, like any movie theater, is its lifeblood.

Persons: Kevin Smith's, Smith, Kevin Smith, Elizabeth Banks, Seth Rogen, Zack, Mark Hamill, Jay, Bob, Askew, Jason Guerrasio Smith, Dante Kicks, Randal Graves, Rick Derris, Amy, Brian O'Halloran, Dante Hicks, Jeff Anderson, Scott Mosier, Scott, SModcastle, Jason Guerrasio, Ernie O'Donnell, Kevin Smith SModcastle, it's, he's, Kevin, auctioning, Brian, Austin Zajur, Kim, Smith didn't, walling, there's Organizations: Cinemas, Miramax, Santa Monica, Santa, Atlantic Cinemas, Raiders, Kevin Smith SModcastle Cinemas, Catholic, Atlantic Highlands, Saban Films, showtime, Saban Locations: Atlantic Highlands , New Jersey, SModcastle, New Jersey, Miri, Leonardo , New Jersey, wiseass New Jersey, Los Angeles, Santa Monica, Santa, Atlantic Highlands

☆ Stock futures rise Sunday ahead of shortened trading week: Live updates
▼ + stars: | 2024-11-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Despite this week's shortened trading week, the interest rate outlook is back in focus with the release of October's personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation measure. On the corporate earnings front, several retailers and tech names are slated to release quarterly results during the week. On Tuesday, retailers Macy's, Nordstrom and Best Buy are reporting results, as well as tech companies CrowdStrike and Dell Technologies.

Persons: Russell, Donald Trump, Scott Bessent, Trump, Bessent, Phillip Colmar, Nordstrom Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Key Square, Treasury, MRB Partners, President, Federal, Dell Technologies Locations: New York City . U.S

☆ Trump Cabinet: Inside the Many Ideologies of His Nominees
▼ + stars: | 2024-11-24 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump’s final flurry of cabinet picks and other appointments rounded out what his aides described as a unified, loyal, MAGA-driven administration. There is a revenge team, led by prospective nominees with instructions to rip apart the Justice Department, the intelligence agencies and the Defense Department, hunting down the so-called deep state and anyone who participated in the prosecutions of Mr. Trump. There is a calm-the-markets team, which Mr. Trump hopes will be led by Scott Bessent, the Wall Street billionaire who Mr. Trump chose for Treasury secretary. And then there is a government shrinkage team, led by Elon Musk and Vivek Ramaswamy, whose goals are wildly ambitious, to put it mildly. (For the record, the total federal budget in the 2024 fiscal year was $6.75 trillion.)

Persons: Donald J, MAGA, Trump, Scott Bessent, Bessent, Elon Musk, Vivek Ramaswamy, Musk Organizations: Justice Department, Defense Department, Wall Street

☆ Dartmouth sorority, 2 fraternity members charged in death of student found in river
▼ + stars: | 2024-11-23 | by ( Minyvonne Burke | Samantha Cookinham | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

A Dartmouth College sorority and two members of a fraternity were charged in connection with the drowning death of Won Jang, whose body was found over the summer in the Connecticut River following an off-campus party, police said. They are both members of the Beta Alpha Omega fraternity, the same one Jang belonged to. Police said sorority members hosted the July 6 party and members of the fraternity who were over 21 purchased and supplied alcohol. The fraternity and sorority were immediately suspended after Jang’s death. These organizations, as well as all Dartmouth students and community members, have a responsibility to ensure Dartmouth remains a safe, respectful, equitable, and inclusive community for students, faculty, and staff,” the college said in a statement.

Persons: Won Jang, Matthew Catrambone, Samuel Terry, Jang, Dartmouth, Alpha Phi, “, Scott Brown, ” Jang Organizations: Dartmouth College, Hanover Police Department, Beta Alpha Omega, Alpha Phi, Police, Alpha, “ Dartmouth, Dartmouth, Department of Safety, Security Locations: Connecticut, New Hampshire, Hanover, “, Dartmouth’s, Dartmouth, Middletown , Delaware

President-elect Donald Trump on Friday announced his picks for critical remaining public health roles in his incoming administration. Trump picked Dr. Janette Nesheiwat for the post. Nesheiwat is a family practice doctor and Fox News medical contributor who is certified by the American Board of Family Medicine. Trump chose Dr. Dave Weldon, a former congressman from Florida, for this post. “As a physician, Dr. Weldon became involved with many health care policy issues, including efforts to ban human cloning and vaccine safety,” the campaign website notes.

Persons: Donald Trump, Robert F, Kennedy Jr, Trump’s, Kennedy, Trump, Janette Nesheiwat, Marty Makary, Makary, Dave Weldon, Weldon, “ Organizations: Friday, US Department of Health, Human Services, Senate, Fox News, American Board of Family Medicine, American University of, University of Arkansas, Medical Sciences, FDA, Food and Drug Administration, Johns Hopkins University, Makary, CDC, Centers for Disease Control, SUNY, Army, Letterman Army Medical Center, Army Reserve, Trump Locations: Caribbean, St, Maarten, New York, Florida, Buffalo

President-elect Donald Trump on Friday nominated Dr. Marty Makary, a pancreatic surgeon at Johns Hopkins University who's made controversial claims about Covid, as commissioner of the Food and Drug Administration. The Agency needs Dr. Marty Makary, a Highly Respected Johns Hopkins Surgical Oncologist and Health Policy Expert, to course-correct and refocus the Agency," Trump said on Truth Social. As FDA commissioner, Makary would be responsible for regulating and overseeing drugs, food, medical devices and other products, such as tobacco and cosmetics. The current FDA commissioner is Dr. Robert Califf, a cardiologist who also held the role during President Barack Obama's second term. Trump had two FDA commissioners during his first term: physician Dr. Scott Gottlieb and oncologist Dr. Stephen Hahn.

Persons: Donald Trump, Marty Makary, Johns Hopkins University who's, Makary, He's, Trump, Robert F, Kennedy Jr, He’s, Noam Galai, Kennedy, Kennedy’s, ” Makary, Dr, Paul Offit, Offit, Robert Califf, Barack Obama's, Scott Gottlieb, oncologist Dr, Stephen Hahn Organizations: Johns Hopkins University, Food and Drug Administration, Johns, World Health, Safety, National Academy of Medicine, National Academies of Science, Engineering, Medicine, Paragon Health Institute, Fox News, FDA, Agency, Johns Hopkins Surgical, Truth, HBO, Street, Biden, Health, Human Services, Children’s Hospital of Philadelphia Locations: Johns Hopkins, New York City, U.S

☆ Americans Learned to Root for the Supervillain — From Elon Musk to ‘Wicked’
▼ + stars: | 2024-11-23 | by ( A.O. Scott | ) www.nytimes.com time to read: +2 min

Donald Trump, in his trademark blue suit and red tie, strides across the frame in broad daylight, while Musk, in a black cap and T-shirt, cuts a gleefully diabolical figure. Whatever archetype actually describes Musk’s relationship to Trump — minion, sidekick, wartime consigliere, “first buddy” — there is no question that he radiates supervillain energy. In his own way, Trump does too. To observe that Trump’s opponents and Musk’s critics see them as villains would hardly count as much of an insight. Up there, where the snowpack of collective dreaming melts into the watersheds of commercial storytelling, the villains have been in the ascendant for quite a while.

Persons: Elon Musk, MAGA, ”, Donald Trump, Trump, “, Steve Bannon, Andrew Breitbart

☆ Your Heart’s Desire
▼ + stars: | 2024-11-23 | by ( Melissa Kirsch | ) www.nytimes.com time to read: +1 min

I’m not a huge fan of musicals, nor of action movies. I’m a cultural omnivore, personally and professionally, so I knew I would eventually see these movies. But I would be seeing them as a sociologist, a curious outsider rather than the ideal audience member. I wasn’t going to be mouthing every word to “Defying Gravity” or comparing Lucius’s performance in the arena to that of his father. It’s the reward for a life discerningly lived — you know who you are.

Persons: It’s, ” Jon M, Cynthia Erivo, Ariana Grande, ” Ridley Scott’s, Barbie ”, “ Oppenheimer ”, it’s, pleasurably, discerningly

☆ Stock for Sale by Cabinet Members
▼ + stars: | 2024-11-23 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

As President-elect Donald Trump takes an unconventional approach to stocking his cabinet, he’s also embracing one candidate pool that has plenty of precedent: Wall Street chief executives. On Friday, Trump picked Scott Bessent, a top economic adviser and the founder of Key Square Group, a hedge fund, to be his Treasury secretary. He previously tapped Howard Lutnick, the chief executive of the financial services firm Cantor Fitzgerald, for commerce secretary. Executives appointed to government positions are often required to make extensive stock divestitures, so the path from Wall Street to Washington can be particularly complex (while also offering an opportunity to avoid certain taxes). Bessent’s potential departure from Key Square may trigger “key man provisions” that often protect clients of hedge funds if top executives leave.

Persons: Donald Trump, he’s, Trump, Scott Bessent, Howard Lutnick, Cantor Fitzgerald Organizations: Wall Street, Key Square Locations: Washington

☆ Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
▼ + stars: | 2024-11-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.

Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, — Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States

☆ Dining Sheds Changed the N.Y.C. Food Scene. Now Watch Them Disappear.
▼ + stars: | 2024-11-23 | by ( Pete Wells | ) www.nytimes.com time to read: +14 min

Building for the Long HaulBalthazar, SoHo, ManhattanJonah Rosenberg for The New York Times Jonah Rosenberg for The New York Times Jonah Rosenberg for The New York Times Jonah Rosenberg for The New York TimesThe Open Restaurants program was originally scheduled to end after Labor Day in 2020. Street dining at Cebu began in late 2020 with movable barricades separating diners from the traffic. Privacy on a Busy StreetDon Angie, West Village, ManhattanJonah Rosenberg for The New York Times Jonah Rosenberg for The New York Times Jonah Rosenberg for The New York Times Jonah Rosenberg for The New York TimesThe public-health rationale for outdoor dining was that fresh summer breezes could help slow the spread of the coronavirus. Jonah Rosenberg for The New York Times (Balthazar, Don Angie, Oscar Wilde). Marissa Alper for The New York Times (Cebu).

Persons: Lila Barth, Philip Guardione, Piccola Cucina, verdigris, Restaurateurs, Eric Adams, Karsten Moran, Manhattan Jonah Rosenberg, Jonah Rosenberg, Balthazar, cabanas, Ian McPheely, Keith McNally, ”, Erin Wendt, Roberta Delice, Resy, Wendt, “ We’re, Ms, Brooklyn Marissa Alper, Marissa Alper, The New York Times Michael Esposito, Esposito, I’m, Don Angie, Scott Tacinelli, Angie Rito, Rito, “ Scott, ” Mr, Tacinelli, aren’t, Manhattan Lila Barth, Stacy Pisone, Caroline Brennan, Brennan, Eduardo Kobra, Andy Warhol, Jean, Michel Basquiat, Keith Haring, Frida Kahlo, “, Rushmore, ” Ms, Pisone, “ It’s, Ayza, Zafer Sevimcok, Sevimcok, Oscar Wilde, Eden Weingart, Andrew Hinderaker Organizations: The New York Times, verdigris Beaux, City Council, Department of Transportation, New York Times, The New York, Labor, Paisley Design, cabanas, Balthazar Restaurant, American Express, Gardens, Cebu Bar, Cebu, GRT Architects, Herald Locations: SoHo, Mount Etna, New York City, Havana, New York, Rome, Buenos Aires, Dawa’s, Woodside , Queens, Manhattan, Spring, Paris, Eyesores, Gardens Cebu, Bay Ridge, Brooklyn, Cebu, West Village, Chelsea, Boston

☆ Fox hosts, cable news regulars and entertainment pros: Trump is casting a made-for-TV Cabinet
▼ + stars: | 2024-11-23 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +9 min

He has plucked two Fox News stars from their airwaves – Sean Duffy for Treasury secretary and Pete Hegseth to lead the Pentagon. Trump’s choice for ambassador to Israel, Mike Huckabee, had a six-year run hosting a Fox News show. As a former reality TV star, Trump is deeply attuned to the power of the small screen. Among the flurry of names for non-Cabinet roles that Trump announced Friday evening were also several former and current Fox News contributors. And Sebastian Gorka, whom Trump named senior director of counterterrorism, was a Fox contributor in 2018 and 2019.

Persons: Donald Trump’s, Sean Duffy, Pete Hegseth, Trump, Mehmet Oz, Linda McMahon, Mike Huckabee, Tulsi Gabbard, Tucker Carlson, Donald Trump, Eva Marie Uzcategui, Duffy, Rachel Campos, ”, “, Oz, Mike Waltz, Kristi Noem, Sen, Marco Rubio, Howard Luntick, Rebecca Quick, I’ve, Doug Burgum, Tom Homan, Homan, ” Trump, Matt Gaetz, Gaetz –, –, JD Vance, Scott Applewhite, Pam Bondi, Hegseth, headwinds, Chris Coons, CNN’s Manu Raju, Dr, Janette Nesheiwat, Marty Makary, Robert F, Kennedy Jr, Sebastian Gorka, Neil Gorsuch, Brett Kavanaugh, Larry Kudlow, Christina Bobb, Rupert Murdoch’s, Bret Baier, Kamala Harris, Vance, Rubio, Burgum, ” CNN’s Kate Sullivan, Manu Raju, Alayna Treene, Brian Stelter Organizations: CNN, Fox, Pentagon, Department of Education, Fox News, Trump, TV Cabinet, Fox Business, Medicare, Republicans, South Dakota Gov, Department of Homeland Security, Wall Street, CNBC, Commerce, North Dakota Gov, of, Interior, Republican, Capitol, Florida, and Drug Administration, “ Fox, Department of Health, Human Services, Salem Radio Network, National Economic Council, America News Network Locations: Israel, Mar, Palm Beach , Florida, Wisconsin, Minnesota, Pennsylvania, Florida, America, Spanish, Washington ,, Gaetz, Delaware, Ohio

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