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☆ Watch Tuesday's full episode of the Halftime Report — November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailWatch Tuesday's full episode of the Halftime Report — November 19, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Watch Tuesday's full episode of Mad Money with Jim Cramer — November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailWatch Tuesday's full episode of Mad Money with Jim Cramer — November 19, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

☆ What is Māori walk hīkoi and why is there a protest on New Zealand parliament in Wellington?
▼ + stars: | 2024-11-19 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Tens of thousands of people have marched on the New Zealand parliament in Wellington to protest against a bill that critics say strikes at the core of the country’s founding principles and dilutes the rights of Māori people. The traditional peaceful Māori walk, or hīkoi, culminated outside parliament on Tuesday, where protesters implored lawmakers to reject the controversial Treaty Principles Bill that seeks to reinterpret the 184-year-old treaty between British colonizers and hundreds of Māori tribes. “Today is a show of kotahitanga (unity), solidarity and being one as a people and uphold our rights as Indigenous Māori,” marcher Tukukino Royal told Reuters. The Treaty Principles Bill was introduced by David Seymour, leader of the right-wing ACT New Zealand Party, which is a junior coalition partner with the ruling National and New Zealand First parties. Hīkoi leader Eru Kapa-Kingi told the crowd “Māori nation has been born” today and that “Te Tiriti is forever,” RNZ reported.

Persons: marcher Tukukino Royal, Sanka Vidanagama, –, Māori disenfranchisement, David Seymour, Seymour, Te, “, Eru Kapa, Kingi, Tiriti, ” RNZ Organizations: CNN, New, Police, Reuters, Getty, Zealanders, ACT New Zealand Party, New Zealand, Radio New Zealand Locations: New Zealand, Wellington, Zealand’s, AFP, Waitangi, Zealand’s Treaty, Māori, United States, British

☆ Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year
▼ + stars: | 2024-11-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images)Lowe's beat Wall Street's quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales. The company updated its full-year guidance on Tuesday, and now expects total sales of between $83 billion to $83.5 billion, higher than its previous forecast for $82.7 billion to $83.2 billion. Lowe's is lapping a year-ago period when the company lowered its outlook and sales tumbled nearly 13% year over year. Home Depot beat Wall Street's sales and earning expectations, yet posted its eighth quarter in a row of declining comparable sales.

Persons: Eric Thayer Organizations: LSEG, Home, Federal Reserve, Wall Locations: ANGELES , CALIFORNIA, Los Angeles , California, Lowe's

☆ CNBC Markets Now: November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailCNBC Markets Now: November 19, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Watch Tuesday's full episode of Fast Money — November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailWatch Tuesday's full episode of Fast Money — November 19, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Trump names Dr. Mehmet Oz to head Centers for Medicare and Medicaid Services
▼ + stars: | 2024-11-19 | by ( Kate Sullivan | Alayna Treene | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump has picked Dr. Mehmet Oz to serve as the administrator for the Centers for Medicare and Medicaid Services. Oz, a cardiothoracic surgeon and television personality, ran unsuccessfully for Senate in 2022 in Pennsylvania with Trump’s backing. In 2018, Trump appointed Oz to the Presidential Council on Sports, Fitness and Nutrition, reappointing him to the position in 2020. Oz rose to fame as a frequent guest of Oprah Winfrey, eventually launching his own syndicated daytime TV talk show in 2009. Through “The Dr. Oz Show,” which won several daytime Emmy awards and reached millions of viewers, Oz became one of the most well-known doctors in the country.

Persons: Donald Trump, Mehmet Oz, Oz, ” Trump, Sen, John Fetterman, Trump, Oprah Winfrey, CNN’s KFile, ” Oz, Oliver Darcy Organizations: CNN, Centers, Medicare, Services, Senate, Democratic, Presidential Council, Sports, GOP, Seattle Times, Columbia University Locations: America, Pennsylvania, Covid

☆ Morgan Stanley found a new autonomous driving pure play, gives it 25% upside
▼ + stars: | 2024-11-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Autonomous driving technology company WeRide has plenty of room to grow as a result of its early-mover advantage in the global self-driving market, according to Morgan Stanley, which brought the firm public in an IPO last month at $15.50 a share . Morgan Stanley estimates the global autonomous driving market size will jump to $1.745 trillion in 2030 from $93 billion in 2025. "WeRide is a pure play in global L4+ autonomous driving," Hsiao wrote in a 38-page report on Tuesday note. Level 4 autonomous driving describes when a vehicle can drive in most circumstances without a human driver, one step below the top-most Level 5 designation for a fully automated vehicle . To be sure, the threat of tighter regulation on driverless vehicles is a downside risk for the stock, and Morgan Stanley forecasts WeRide's earnings and cash flow will remain "volatile" in the near term, Hsiao noted.

Persons: Morgan Stanley, Tim Hsiao, WeRide, Uber, Hsiao, — CNBC's Michael Bloom Organizations: WeRide Locations: Guangzhou, China, U.S, UAE, Singapore

☆ How much money you’d have now if you invested $1,000 in Walmart 10 years ago
▼ + stars: | 2024-11-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On Tuesday, Walmart announced its fiscal third quarter results as the retail giant promotes its ongoing Black Friday and Cyber Monday holiday shopping events next week. Additionally, Walmart reported earnings per share of 58 cents, adjusted, compared with the 53 cents analysts' predicted. Notably, the company appears to be optimistic heading into the holiday spending season and says Walmart customers have been purchasing more general merchandise outside of groceries. "In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that," Doug McMillon, Walmart president and CEO, said in a Nov. 19 press release. "Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart."

Persons: Doug McMillon Organizations: Walmart Locations: U.S

☆ European markets head for higher open as traders focus on data, earnings
▼ + stars: | 2024-11-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher on Tuesday, with investors keeping an eye on data releases and earnings reports. The U.K.'s FTSE 100 index is slated to open 39 points higher at 8,144, Germany's DAX up 53 points at 19,227, France's CAC 24 points higher at 7,298 and Italy's FTSE MIB up 115 points at 34,002, according to data from IG. Earnings will be coming in from Imperial Brands and Thyssenkrupp , while a finalized euro zone inflation reading for October is also due during the session. Regional markets closed lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due Stateside on Wednesday. Overnight, Asia-Pacific markets traded mostly higher, as investors parsed the speech of Chinese financial policymakers at an investment summit in Hong Kong.

Persons: Germany's DAX Organizations: CAC, IG, Imperial Brands, Nvidia Locations: Asia, Pacific, Hong Kong . U.S

☆ UBS upgrades this HVAC stock, says it can benefit from AI push
▼ + stars: | 2024-11-19 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

It's time to buy shares of HVAC company Comfort Systems , according to UBS. "We also expect Manufacturing to benefit from reshoring and an increased emphasis on U.S. manufacturing capabilities, with Manufacturing construction spend now 19% of [nonresidential] construction, nearly doubling from 10% in 2019," he added. "Notably, nonresidential construction spending and manufacturing construction spending have increased 89% and 207%, respectively, since the start of 2015," he said. Among the six analysts covering it, three have a strong buy or buy rating, while the other three have a hold rating, per LSEG. FIX YTD mountain FIX, year-to-date Shares rose nearly 1% in the premarket after UBS' upgrade.

Persons: Joshua Chan, Chan Organizations: Comfort Systems, UBS, Manufacturing Locations: 2024E, 2025E

☆ Visa and Mastercard execs grilled by senators on 'duopoly,' high swipe fees
▼ + stars: | 2024-11-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Interchange fees, also known as swipe fees, are paid from a merchant's bank account to the cardholder's bank, whenever a customer uses a credit card in a retail purchase. "In 2023 alone, Visa and Mastercard charged merchants more than $100 billion in credit card fees, mostly in the form of interchange fees," Durbin told the committee. Visa and Mastercard, however, stand by their swipe fees. But the current high credit card swipe fees for retailers translate to higher prices for consumers, the National Retail Federation told the committee in a letter ahead of the hearing. "Last year, the average American spent $1,100 in swipe fees, more than they spent on pets, coffee or alcohol."

Persons: Bill Sheedy, Linda Kirkpatrick, Democratic Illinois Sen, Dick Durbin, Durbin, Republican Kansas Sen, Roger Marshall, Ryan McInerney, Sheedy, Americas Linda Kirkpatrick, Dodd, Frank, Roger Alford, General Merrick Garland Organizations: Visa, Americas, Mastercard, Committee, Democratic Illinois, Republican Kansas, Credit, National Retail Federation, Notre Dame University Locations: Washington ,

☆ Nvidia must show Blackwell chip can drive growth in earnings report
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Future growth will have to come from Blackwell, its next-generation chip that has just started shipping to end-users such as Microsoft , Google and OpenAI. More important than Nvidia's third-quarter results will be what the company says about demand for the Blackwell chip. In August, Nvidia said it expected about "several billion" in Blackwell sales during the January quarter. Nvidia reported 122% growth in sales in the most-recent quarter. That was lower than the 262% year-over-year growth it reported in the April quarter and the 265% growth in the January quarter.

Persons: Jensen Huang, Frank Lee, Lee, Blackwell, Raymond James, Srini Pajjuri, ChatGPT, LSEG, Huang Organizations: Nvidia, HSBC, Microsoft, Google, Blackwell, Nintendo Locations: Vilhelm, Kastrup, Denmark, NVDA

☆ Whether Trump will ever get sentenced on his hush-money conviction may become clear on Tuesday
▼ + stars: | 2024-11-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

AdvertisementTrump's felony hush-money sentencing had been scheduled for November 26. Trump's election and SCOTUS-bestowed immunity have thrown a giant monkey wrench in the schedule. Prosecutors have said they'll tell the judge how they wish to move forward by Tuesday, November 19. Whether President-elect Donald Trump will ever get sentenced on his now six-month-old hush-money conviction could become clearer as early as Tuesday, when prosecutors are scheduled to announce — at least to the judge — how they wish to proceed with the case. Since his decisive victory on Election Day, Trump's November 26 sentencing date has remained on hold indefinitely.

Persons: SCOTUS, Donald Trump, Trump, hampers, Juan Merchan, Merchan, Matthew Colangelo, Attorney Alvin Bragg, Colangelo, Stormy Daniels Organizations: Prosecutors, New, Attorney, Trump, New York City Locations: Manhattan, New York

☆ Victims of the 2022 Club Q mass shooting sue Colorado county for not enforcing red flag law against shooter
▼ + stars: | 2024-11-19 | by ( Isaac Yee | ) edition.cnn.com time to read: +4 min

CNN —Victims and family members of those killed in the 2022 mass shooting at the LGBTQIA+ Club Q in Colorado Springs have sued the El Paso County Board of Commissioners and others, alleging authorities could have prevented the shooting if they had enforced the state’s “red flag law” against the gunman. One was filed by the families of the dead victims and five victims themselves – a second was filed by Barrett Hudson, who sustained seven gunshot wounds. “The shooter had a history of violent threats and behavior that clearly warranted intervention,” the suits say. The suits allege that, despite the shooter’s “history of violent threats and behavior that clearly warranted prevention … El Paso County law enforcement failed to invoke the Red Flag Law, in light of policies against its use.”In 2019, a year before the law came into effect, the Board of El Paso County Commissioners approved a resolution to designate the county a so-called Second Amendment Sanctuary. CNN reached out to El Paso County, the El Paso County Sheriff’s Office, Elder and Club Q for comment.

Persons: Barrett Hudson, “, El Paso County Sheriff Bill Elder, “ We’re, Elder, ”, KMGH, Daniel Aston, Raymond Green Vance, Kelly Loving, Ashley Paugh, Derrick Rump, Anderson Lee Aldrich Organizations: CNN, El, Court, Flag Law, of El, El Paso County Sheriff, Club Q, Q, Elder Locations: Colorado Springs, El Paso County, of El Paso County

☆ 85% of employees say job stress impacts their mental health. Here's how employers can provide support, especially for women.
▼ + stars: | 2024-11-19 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +5 min

A report by Mental Health America found that 85% of workers reported job stress affected their mental health. Impact on productivity and health care expensesStruggling with mental health can lead to diminished quality of life and decreased motivation at work. A study of people with employer-sponsored health coverage found that 27% of the top 10% of health care spenders had behavioral health needs, accounting for 57% of total health care costs. The goal is to make every interaction within the health care system a chance to promote mental health, treating it like routine physical checkups. Enhance access to mental health services through virtual careWith an anticipated shortage of about 245,000 behavioral health professionals by 2025, the need for accessible mental health services is more pressing than ever.

Persons: spenders, UnitedHealthcare, —, onboarding Organizations: Mental Health America, EAP, Insider Studios

☆ 'Top quality asset': Strategist names his top stock to buy in India right now
▼ + stars: | 2024-11-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Indian markets have been under pressure in recent weeks, but strategist Matt Orton remains bullish on the country, revealing "one of his favorite" stocks right now. ICIC Bank One stock that stands out to Orton is private bank and financial services player ICICI Bank . "ICICI Bank is one of my favorite picks because it's just a top-quality asset. ICICIBANK-IN YTD mountain Year-to-date shares in ICICI Bank Orton said ICICI is among the three "domestic systemically important banks," or those considered " too big to fail " banks by the Reserve Bank of India. According to FactSet data, of 44 analysts covering the stock, 41 give it a buy or overweight rating, while the remaining three have a hold call.

Persons: Matt Orton, Raymond James, CNBC's, Orton, it's, ICICI Bank Orton, Jefferies Organizations: Raymond James Investment Management, Bombay Stock Exchange, ICICI Bank, India's, Bombay Stock Exchanges, ICICI, Reserve Bank of India Locations: bullish, India, U.S, Mumbai

☆ René Magritte’s ‘L’empire des lumières’ sells for record $121 million
▼ + stars: | 2024-11-19 | by ( Karina Tsui | ) edition.cnn.com time to read: +4 min

CNN —A René Magritte painting depicting an eerily lit streetscape sold for more than $121 million at a Christie’s auction in New York on Tuesday –– surpassing its $95 million estimate and smashing the auction record for the Surrealist artist’s work. The auction also featured paintings by other modern giants like Ed Ruscha and Max Ernst. The painting sold for a record sum at a Christie's auction in New York. Two other Magritte works were included in the sale: The paintings “La cour d’amour” and “La Mémoire,” which sold for $10.53 million and $3.68 million, respectively. He produced a total of 17 oil paintings and 10 gouaches (water-based paintings) that all share the name “L’empire des lumières” –– and each with small alternations between versions.

Persons: Magritte, Mica Ertegun’s, Ed Ruscha, Max Ernst, ”, Max Carter, ” Carter, David Hockney, –, Claude Monet, Vincent van Gogh, Peggy Guggenheim, Sandra Zalman, Zalman, ” “, ” Zalman Organizations: CNN, Century, Art Basel, Venice Biennale, University of Houston Locations: New York, British, Hong Kong, Belgian

☆ Asia-Pacific markets set to rise as China's top financial officials gather in Hong Kong for summit
▼ + stars: | 2024-11-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

CNBC asked Intrepid Travel and ChatGPT to put together a two-day itinerary to Melbourne City, AustraliaAsia-Pacific markets are set to open higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as traders wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong. Futures for Australia's S&P/ASX 200 stood at 8,327, slightly higher than the index's last close of 8,300.2. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 38,275 and its counterpart in Osaka at 38,310 compared to the previous close of 38,220.85. Hong Kong's Hang Seng index futures were at 19,766, higher than the HSI's last close of 19,576.61. The Reserve Bank of Australia will publish the minutes from its monetary policy meeting earlier this month, where it held its benchmark interest rate for the eighth meeting in a row at 4.35%.

Organizations: CNBC, Intrepid Travel, Futures, Australia's, Japan's Nikkei, Reserve Bank of Australia Locations: Melbourne City, Australia Asia, Pacific, Hong Kong, Chicago, Osaka

☆ Post Market Wrap: November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailNews Update – Market CloseCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ The Pre-Market Rundown: November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Zhuhai airshow: Stealth fighters and a massive mothership drone: the high-tech weapons China has unveiled
▼ + stars: | 2024-11-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

J35-A stealth fighterMore than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities. The HQ-19 surface-to-air missile system is among the most anticipated new weapons displayed at the airshow in Zhuhai, China. The Chinese military's new unmanned aerial vehicle, "Jetank," is displayed at the Zhuhai airshow on Nov. 12, 2024. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets. A Russian Sukhoi Su-57 fifth-generation fighter aircraft flies during the airshow in Zhuhai, China on November 14, 2024.

Persons: –, Xinzhi, ”, Wei Dongxu, Du Wenlong, Zhuhai . Long Wei, Zou Wei, Russian Sukhoi Su, Hector Retamal, Sergei Shoigu Organizations: Hong Kong CNN, PLA Air Force, CCTV, US, Air Defense, US Defense, PLA, PLA Academy of Military Sciences, Kyodo, Future Publishing, China Military, China Military Online, Aviation Industry Corporation of China, Air Missile, International Institute for Strategic Studies, AIM, Getty, Tass Locations: Hong Kong, China, Zhuhai, United States, Beijing, Asia, Ukraine, Taiwan, States, Zhuhai . Long, Air Missile China, Russian Sukhoi, AFP, Russia, Russian

☆ Opening Bell: November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailOpening Bell: November 19, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from November 19, 2024.

Organizations: New York Stock Exchange, Nasdaq

☆ The Pre-Market Rundown 2: November 19, 2024
▼ + stars: | 2024-11-19 | 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 EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Shake Shack cheeseburgers to be served in first class on Delta flights
▼ + stars: | 2024-11-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The airline announced a “first-of-its-kind partnership” with Shake Shack to serve the chain’s cheeseburgers in first class on long-distance domestic flights beginning December 1 on flights out of Delta’s hub in Boston and expanding to other cities throughout 2025. For example, Alaska Airlines created a hot coffee that tastes better in the skies, while United Airlines added cold brew coffee from Illy. Delta has served a generic cheeseburger in first class over the past few years to mostly positive reviews online. And it’s not the first airline to partner with a burger chain — United Airlines once served McDonald’s Happy Meals in the 1990s. The partnership between Delta and Shake Shack marks an expansion of the airline’s relationship with celebrated chef Danny Meyer, who founded the burger brand in 2004.

Persons: we’re, ”, Stephanie Laster, Danny Meyer Organizations: New, New York CNN — Delta Air Lines, Alaska Airlines, United, Delta, CNN, Airlines, Square Hospitality Locations: New York, Boston, United Airlines, Illy, Delta

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