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Susan Wiles, Trump's incoming chief of staff, maintained ties to a lobbying firm until this month. Sean Duffy, Trump's pick for Transportation secretary, has lobbied for a group of major airlines. The EPA, under Obama, Trump, and Biden's administrations, have repeatedly opposed efforts to mine in the bay, home to one of the world's largest salmon fisheries. Starting not long after he left Congress in 2019, Duffy lobbied for Polaris, a US auto manufacturer known its off-road and recreational vehicles. ProPublica previously reported that Duffy lobbied White House trade adviser Peter Navarro as Polaris sought to win exemptions to tariffs on the parts it was importing.
Persons: Donald Trump's, Susan Wiles, Sean Duffy, Trump's, Donald Trump, Susie Wiles, Pam Bondi, Wiles, Duffy, Uber —, Bondi, Ballard, Trump, Jeff Hauser, Brian Ballard, Alaska . Sen, Lisa Murkowski, Obama, Peter Navarro, Ron Klain, Biden's, Fannie Mae, Steve Ricchetti, Biden, Jeff Ricchetti, Barack Obama, Hauser, Hauser isn't, " Hauser Organizations: Washington, Incoming White House, Amazon, GM, MetLife, Fidelity National Financial, Ballard Partners, Trump, Republican, The New York Times, Alaska ., Alaska Republican, Partnership, EPA, Federal Aviation Administration, United, Polaris, White, General Motors, Uber, Fidelity, North, Major League Baseball, Biden, Raytheon, Politico Locations: Florida, Riyadh, Saudi Arabia, Trump, Alaska, North America, Bondi, Washington
X's new terms of service, which took effect Nov. 15, are driving some users off Elon Musk's microblogging platform. The terms are prompting some longtime users of the service, both celebrities and everyday people, to post that they are taking their content to other platforms. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates X had 318 million monthly users as of October. That same month, Meta said Threads had nearly 275 million monthly users. Here are some of the noteworthy changes in X's new service terms and how they compare with those of rivals Bluesky and Threads.
Persons: Gabrielle Union, Donald Trump, Musk, Meta, Bluesky Organizations: Elon Musk's, Twitter, Bluesky's, CNBC Locations: Bluesky, Bluesky's U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump administration may try to reverse Biden-era climate policies: former U.S. energy secretarySteven Chu, former U.S. energy secretary, discusses U.S. President-elect Donald Trump's energy policies.
Persons: Steven Chu, Donald Trump's Organizations: Biden Locations: U.S
I first met Marie Gluesenkamp Perez in 2022, when she was running what was widely seen as a long-shot Democratic campaign for Congress in a solidly Republican, heavily rural part of Washington State. Shortly before the election, the polling aggregator FiveThirtyEight estimated her chance of victory at a mere 2 percent. Gluesenkamp Perez, whose father immigrated from Mexico, ran an auto shop with her husband and lived in a house they’d built themselves. Gluesenkamp Perez voted to scrap Joe Biden’s plan for student debt relief. In a largely brutal year for Democrats, Gluesenkamp Perez, again facing Kent, won re-election even as Trump once again carried her district.
Persons: Marie Gluesenkamp Perez, MAGA, Joe Kent, Gluesenkamp Perez, fides, Donald Trump’s, she’d, Joe Biden’s, Rashida Tlaib, Anger, , Trump Organizations: Democratic, Congress, Republican, Washington State, Politico, Kent Locations: Washington, Mexico, Israel
The presidential election was two weeks ago, and the country’s liberals are already deep into the blame phase. Before those premature post-mortems get fully baked into conventional wisdom, though, I wanted to flag a handful of observations about the race and how it’s already being interpreted — some caveats, some counterpoints, some context that may help us understand the meaning of a big messy election in a big messy country, at least until we get the actually-reliable voter data. In the end, it seems, Donald Trump’s margin in the national popular vote will be about 1.6 percentage points — the narrowest victory since razor-thin 2000. The election did mark a decisive shift: a broad, uniform move to the right, down to the county level, that carried a Republican to a popular vote win for the first time in 20 years. But this was not a wipeout even like the one in 2008 (let alone 1932, 1972 or 1984).
Persons: we’ve, Donald Trump’s, Joe Biden, Trump Organizations: Republican Locations: Midwest
Shortly after Donald J. Trump’s 2017 inauguration, Angela Merkel, who was then Germany’s chancellor, visited Washington. After hearing the photographers demand “handshake, handshake,” an urging that Mr. Trump ignored, Ms. Merkel tried herself, she relates in a new memoir. “They want to have a handshake,” she said in a hushed tone audible to the press corps just feet away. “As soon as I said that, I shook my head mentally at myself,” Ms. Merkel wrote, according to excerpts from the memoir released this week in Die Zeit, the German weekly. “How could I forget that Trump knew exactly what effect he wanted to achieve?” she added.
Persons: Donald J, Trump’s, Angela Merkel, Trump, Merkel, ” Ms, Organizations: European Union Locations: Washington, Germany, Crimea
“You can just tell by the nominees for cabinet positions and agency heads that this will be an administration of retribution,” Baron added. Trump’s impending return to power was a theme of the conversations at the Committee to Protect Journalists gala. Attendees discussed the need to report without fear or favor, to be open-minded but clear-eyed about what actions the Trump administration might take, and to avoid fearmongering but to consider a range of possibilities. Here are some of the specific concerns that have arisen among members of the media:In the second Trump term, legal threats and frivolous lawsuits could pile up, costing newsrooms money and time. The Trump administration could reinstate the Justice Department’s past practice of pursuing reporters’ records in leak investigations.
Persons: Joe Scarborough, Mika Brzezinski’s, Donald Trump, Brzezinski, Trump, Joe ”, Marty Baron, ” Baron, Jodie Ginsberg, they’re, newsrooms, Trump’s, Jessica Lessin, , it’s, ” Lessin, Jacob Weisberg, Matt Egan, ” Poynter, Kelly McBride, , leakers, nix, CNN’s Liam Reilly Organizations: New, New York CNN, MSNBC, Scarborough, Washington Post, , Protect Journalists, Committee, Newsroom, “ Journalists, Trump, Media, TV, Nonprofit, Social, Republicans Locations: New York, Mar
Investors should brace themselves for another big move next year, according to an analysis of historical data from Bank of America. The S & P 500 is up 24.7% in 2024 and on track for its second straight year with a gain of more than 20%. After rising 31% and 38% in 1927 and 1928, respectively, the S & P 500 lost 12% in 1929 and another 28% in 1930, Hartnett said. The last time the S & P 500 posted back-to-back 20% annual gains was in the 1990s, soaring 34% in 1995 and 20% in 1996. Hartnett noted that the "secret sauce" for the S & P 500 to avoid some of the sharp reversals seen before is a decline in Treasury yields.
Persons: Michael Hartnett, wasn't, Hartnett, Donald Trump, Goldman Sachs, Goldman Organizations: Bank of America Locations: U.S
In many ways, President Vladimir V. Putin seems to be winning. Russian forces are pushing ahead in Ukraine. President-elect Donald J. Trump is returning to the White House. And yet on Thursday, Mr. Putin appeared weary, threatened and newly aggrieved as he took his bellicose threats against his Western adversaries to a new level. As a result, Mr. Putin is bringing Russia closer to a direct conflict with the United States than at any point in decades.
Persons: Vladimir V, Putin, Donald J, Trump Locations: Ukraine, Europe, North, Russia, United States, Moscow
Top 10 S&P 500 stock winners since Election Day
  + stars: | 2024-11-22 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20. The 'Elon Musk premium'And then there's the Elon Musk factor. Tesla's stock got an "Elon Musk premium" from Trump's victory, said Goldberg of Professional Advisory Services. Shares of the electric-vehicle maker soared 14% the day after the election and almost 30% by week's end.
Persons: Michael M, Elon Musk, Donald Trump —, Jeremy Goldberg, Goldberg, Jacob Manoukian, Rosy, outperformance, David Glazer, Paul Moseley, Vistra, Stacey Doré, Elon, Trump, Donald Trump, Chris Unger Organizations: New York Stock Exchange, Santiago, Getty, P Global Market Intelligence, Professional Advisory Services, Inc, Trump, Deregulation, Morgan Private Bank, Companies, Warner Bros ., Max, Disney, Walt Disney Co, Palantir Technologies, Fort Worth Data, Fort Worth Star, Tribune, Service, Vistra Corp, Tech, Elon, Professional Advisory Services ., of Government, week's, UFC, Madison, Garden, Ufc Locations: U.S, Texas, , Texas , Pennsylvania, Ohio, New York
President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. As head of Treasury, Bessent, 62, will be both the U.S. fiscal watchdog as well as a key official to help Trump enact his ambitious economic agenda. Like Trump, Bessent favors gradual tariffs and deregulation to push American business and control inflation. The Treasury secretary is the lynchpin for the White House economic agenda. Others close to the president-elect think Bessent has not been rigorous enough in his support for tariffs, though Warsh also has made public statements against the levies.
Persons: Scott Bessent, Donald Trump, Kevin Warsh, Marc Rowan, Trump, Bessent, George Soros, Soros, Jerome Powell's, Warsh, Janet Yellen, Elon Musk, Cantor Fitzgerald, Howard Lutnick Organizations: Key, Trump, Group, Treasury, Wall, World's, Investors, Yale University, Rockefeller University, Preservation, Wall Street, Federal Reserve, Federal, National Economic Council, White Locations: Washington , DC, U.S, Bessent
Opinion | The Secret Behind America’s Moral Panic
  + stars: | 2024-11-22 | by ( M. Gessen | ) www.nytimes.com   time to read: +2 min
President Trump is for you” — Democrats are now debating how much the issue of trans rights hurt them and how fast they should retreat from it. The party’s decision to focus on the issues that matter to most voters, especially reproductive rights, and set trans rights aside is based on a misconception. The two issues can’t be separated, because trans rights don’t just resemble reproductive rights; trans rights are reproductive rights. But opponents of trans rights argue that there is an area in which the consequences can be nothing short of catastrophic, and that area is reproduction. Both of them have repeatedly expressed fear that the treatment they received as teenagers could have rendered them infertile.
Persons: Donald Trump, “ Kamala, Trump, Kamala Harris, Chloe Cole, Keira Bell Locations: United States, United Kingdom
White also used his connections to leverage appearances for Trump on friendly, right-leaning podcasts with millions of young listeners. White was upfront about his motivation in connecting Trump with so-called manosphere or bro-casters, saying the move was intended to tap into young voters. “You’re getting conversations in these podcasts, and you yourself, as a young kid, get to really see who Donald Trump is,” White told The New Yorker. Still, even as the UFC boss backs away from future political campaigns, he remains firmly in Trump’s corner as he returns to the White House. “Donald Trump is tougher and more badass than anybody,” White told The New Yorker.
Persons: New York CNN — Dana White, Donald Trump, ” “, ” White, , Trump’s, White, casters, Joe Rogan, , Rogan, Theo Von, Adin Ross, Andrew Schulz, Trump, “ Donald Trump Organizations: New, New York CNN, White House, Trump, Republican National Convention, Saturday’s UFC, Madison, UFC, Garden, CNN, Pew Research Center Locations: New York, Trump, Madison, West Palm Beach , Florida, Trump’s
New York CNN —The aftermath of the 2024 US presidential election has been a boon to Elon Musk. The richest person in the world got even richer Friday, with Musk’s net worth hitting a record $347.8 billion, Bloomberg reported. That beats his previous record set in November 2021, when the Tesla founder’s net worth exceeded $340 billion, according to the Bloomberg Billionaires Index. Musk, Tesla’s largest individual shareholder, is roughly $83 billion richer since Election Day, according to the Bloomberg Billionaires Index. As of Tuesday, Musk was more than $100 billion richer than the second richest person, Amazon founder Jeff Bezos.
Persons: Elon Musk, Trump, Donald Trump, Musk, Tesla, Vivek Ramaswamy, , Jeff Bezos, CNN’s Allison Morrow Organizations: New, New York CNN, Bloomberg, Tesla, SpaceX, Boring Company, “ Department, Government Efficiency, Wall Street Locations: New York
CNN —President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN. He is set to meet with her at Mar-a-Lago Friday afternoon, but as is always the case, nothing is final until Trump announces it. The agriculture job will likely be a significant one — especially as Trump’s pick to run the Department of Health and Human Services, Robert F. Kennedy Jr., has promised to assert his influence over the agriculture industry. Loeffler, appointed to the Senate by Georgia Gov. Brian Kemp over the wishes of Trump, lost her seat in a 2021 runoff to Democratic now-Sen. Raphael Warnock.
Persons: Donald Trump, Kelly Loeffler, Loeffler, Michael Whatley, Sen, Marco Rubio, Elise Stefanik —, Robert F, Kennedy Jr, Brian Kemp, Trump, Raphael Warnock, Joe Biden’s, , CNN’s Zachary Cohen Organizations: CNN, Department of Agriculture, Mar, Trump, Senate, Republican National, of Health, Human Services, Georgia Gov, Democratic, Capitol Locations: Georgia, Washington, Trump’s
AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in an X post on Thursday. Musk said Bezos told people they should sell Tesla and SpaceX stock because Donald Trump would lose. Bezos said Musk's claim was "100% not true," to which Musk replied, "I stand corrected." XBusiness Insider was unable to confirm the veracity of Musk's post. AdvertisementNovember 22, 2024: This story has been updated to include Bezos' response to Musk's Thursday X post, and Musk's response to Bezos.
Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Donald Trump, Trump, wasn't, he'd, Musk's, Tesla, SpaceX isn't, Thomas Roulet, Elon, Bill Gates, Gates Organizations: SpaceX, X, Mar, Department of Government, Amazon, Trump, Tech, Bloomberg, University of Cambridge, Twitter, Microsoft Locations: Trump's Florida, China
CNBC's Jim Cramer on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress. "If you want a sustainable Trump trade, I say bet on the natural gas ecosystem. Enbridge says it transports about 20% of all natural gas consumed in the U.S., and Cramer claimed the Canadian outfit has "strategically located assets." He also named Cheniere and Sempra , saying the former is the "best play" for liquified natural gas exports. "Seasonally, this is a good time for the commodity," he said, pointing out that natural gas itself has climbed since the election.
Persons: CNBC's Jim Cramer, Donald Trump's, Joe Biden's, Cramer, Trump, Chris Wright, Kinder Morgan, Enbridge Organizations: Republican Congress, Trump, Department of Energy, Energy Locations: underperform, U.S
In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.
Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago
What Elon Musk Needs From China
  + stars: | 2024-11-22 | by ( Keith Bradsher | ) www.nytimes.com   time to read: +1 min
No American business leader has more visibly and lavishly supported President-elect Donald J. Trump than Elon Musk — and few if any have a more complex relationship with China, a country that Mr. Trump has vowed to confront with higher tariffs and other measures. Mr. Musk has a lot on the line. Tesla sells more cars in China than anywhere except the United States, and his local competition is getting stronger. Mr. Musk has personally appealed to China’s premier, Li Qiang, for permission to proceed with what Tesla calls Full Self-Driving as the company’s market share in China has dwindled. Some experts have suggested that Beijing may be able to turn Mr. Musk into an influential ally in trying to persuade Mr. Trump to take a more conciliatory approach on trade.
Persons: Donald J, Trump, Elon Musk, Musk, Tesla, Li Qiang Organizations: Elon, Mr Locations: China, United States, Beijing
CNN —Venezuelan authorities are investigating opposition leader Maria Corina Machado for alleged treason after she expressed support for a US bipartisan bill that seeks to block Washington from doing business with any entity that has commercial ties with the government of Venezuela’s President Nicolas Maduro. The US bill – introduced by Florida Reps. Mike Waltz (R) and Debbie Wasserman Schultz (D) – was passed on Monday by the House of Representatives. During a televised event on Wednesday, Maduro criticized the bill and said that the opposition’s actions against him will not be successful. Even after Venezuela’s electoral and judicial authorities announced Maduro’s victory, they have not shown detailed results and electoral records to support it, prompting anger and concern across the country and abroad. Several countries, including the US, have formally recognized Gonzalez as the country’s president-elect following the disputed election.
Persons: Maria Corina Machado, Nicolas Maduro, ” Machado, Machado, , Mike Waltz, Debbie Wasserman Schultz, Waltz, Donald Trump, Machado “, Maduro, , “ I’m, ” Walz, who’s, Edmundo Gonzalez, Gonzalez Organizations: CNN, Venezuelan, General’s, Florida Locations: Washington, Venezuelan, Venezuela’s, BOLIVAR, Venezuela
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. "If someone bought or if the Bluesky company went down, everything is open source." [PRO] Focus on Nvidia's BlackwellDespite Nvidia's revenue growth rising at a slower pace each subsequent quarter, analysts are still optimistic on the stock.
Persons: Donald Trump, Michael Novogratz, Trump's, Trump, Bluesky, Jay Graber, Nvidia's Blackwell, Blackwell, Colette Kress Organizations: CNBC, U.S . Department of Justice, Google, Chrome, JD Sports, Galaxy Digital, U.S . Federal Reserve, Elon, Nvidia Locations: British
CNN —A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran. According to Norway’s public broadcaster NRK, the man is in his 20s and was arrested at home in his garage on Wednesday. He is charged with attempted aggravated intelligence activities against state secrets and admitted to having collected and shared information with Russian and Iranian authorities, according to NRK. The arrest comes amid ongoing concerns about Moscow and Tehran’s espionage and influence operations around the globe. Western officials have disrupted plots from Tehran to harm or kill individuals, including an alleged assassination plot against President-elect Donald Trump.
Persons: Donald Trump, John Christian Elden, Elden, Organizations: CNN, US, NRK, Wall Street Journal, Norway “, US State Department, Norwegian Locations: Oslo, Russia, Iran, Moscow, Tehran, Germany, United Kingdom, Canada, Norway,
The role requires Senate confirmation unless Mr. Trump is able to make recess appointments. The choice of Mr. Vought would bring in a strongly ideological figure who played a pivotal role in Mr. Trump’s first term, when he also served as budget chief. Among other things, Mr. Vought helped come up with the idea of having Mr. Trump use emergency power to circumvent Congress’s decision about how much to spend on a border wall. Mr. Vought was a leading figure in Project 2025, the effort by conservative organizations to build a governing blueprint for Mr. Trump should he take office once again. Mr. Trump tried to distance himself from the effort during his campaign, but he has put forward people with ties to the project for his administration since the election.
Persons: Donald J, Trump, Russell T, Trump’s Organizations: Management, White House
Jr. is a lot smaller than between them and most of the people Trump or the Republicans are naming. Who would have thought Trump would name a pro-choice Health and Human Services secretary? I want an Operation Warp Speed — for everything. Operation Warp Speed to me was the one policy you simply could not deny that Donald Trump got right. That is the one policy Trump is razing to the ground and disowning, salting the earth over.
Persons: Matt Gaetz, Robert F, Kennedy Jr, Donald Trump’s, R.F.K ., Trump, Donald Trump Organizations: Department of Health, Human Services, R.F.K, Democrat, Democratic Party Locations: H.H.S
CNN —President-elect Donald Trump on Friday named former NFL player and White House official Scott Turner to lead the Department of Housing and Urban Development. If confirmed by the Senate, Turner would lead an agency that enforces fair housing laws, administers mortgage insurance to prospective homeowners and gives rental subsidies to lower-income families, among other things. In 2019, Turner traveled with former HUD Secretary Ben Carson touting the program. After leaving the league, Turner mounted an unsuccessful run for California 50th Congressional District in 2006. He was elected to the Texas House in 2012 and finished out his term in 2017 after losing a bid for the state House speakership.
Persons: Donald Trump, Scott Turner, Turner, Ben Carson, , ” Turner Organizations: CNN, NFL, White, of Housing, Urban, Senate, Center for Education Opportunity, America, Policy Institute, Council, Trump, Economic, Washington Redskins, Washington Commanders, San Diego Chargers, Denver Broncos, California, Congressional District, Texas House Locations: Texas, Washington
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