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Situated in the al-Rimal neighborhood in Gaza City, the office has been something of a safe haven for Dahman. Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9. Ibraheem Abu Mustafa/Reuters Palestinian citizens inspect damage to their homes caused by Israeli airstrikes in Gaza City on October 8.
Persons: London CNN — Ibrahim Dahman, Zaid, Rasha, Dahman, Ibrahim Dahman, Khalil, Joe Biden, , ” Dahman, , Israel, Salah al, Deen, Khan Younis, Peter Lerner, they’ve, ” Avril Benoit, Khan, Fatima Shbair, Shir Torem, Wahaj Bani Moufleh, Mohammed Abed, Abir, Hatem Ali, Antonio Macías, Macías, Francisco Seco, Mohammed Saber, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Violeta Santos Moura, Dor Kedmi, Mahmud Hams, Saher, Hatem Moussa, Abraham Cohen, Valentin Ghnassia, Ghnassia, Alexi J . Rosenfeld, Yuri Cortez, Yousef Masoud, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Abed Rahim Khatib, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, ” Lynn Hastings Organizations: London CNN, CNN, Hamas, Islamic, Journalists, Racing, Hotel, Sunday, UN, AP, West Bank, Getty, Aris Messinis, Haim, New York Times, Reuters, Mount, Mount Herzl Military, Nova, Anadolu Agency, Israel Defense Forces, Nova Festival, Ben Gurion, Shifa, Rockets, Israel's, United Nations, Palestinian, Reuters Police, Reuters Rockets Locations: Gaza, London, Israel, Gaza City, Salah, Khan, Khan Younis, Haifa, Cyprus, Nablus, West, Lebanon, AFP, Rafah, Abir Sultan, Kfar Saba, Al, Tel Aviv, Israeli, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Sderot, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Samar, Samar Abu Elouf, Yassin, Palestinian, Beitar Ilit, Ramat Gan, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion, Palestinian Territory
An Israel Defense Forces spokesperson told CNN that it had killed another Hamas commander, Billal al-Qedra, who allegedly led the attacks on the Nirim kibbutz near the Israeli border. The IDF continues to urge civilians to evacuate to the south of Gaza, Lerner said, to enable the Israeli military to target Hamas. Hamas has "physically prevented people from moving" and "booby-trapped some of the roads in anticipation" of the move, he added. So effectively, what we're doing is dismantling the entire system to begin with," Lerner said. Lerner said he "hopes" that the war between Israel and Hamas does not become a larger regional conflict, but he said he recognizes that "hope is not a method."
Persons: Billal, Peter Lerner, Khan Yunis, Lerner Organizations: Israel Defense Forces, CNN, Israeli Air Force, Israel Securities Authority, Hamas, IDF Locations: Khan, Gaza, Israel, Iran
Images from Gaza, which is controlled by Hamas, show a mass rush toward the south of the coastal enclave on Friday. Palestinians with their belongings flee to safer areas in Gaza City after Israeli air strikes on October 13, 2023. International observers warn the cutoff will see Gaza civilians die by starvation, disease and lack of medical care for the growing numbers of dying and wounded. At least 1,900 Palestinians have been killed in Gaza from Israeli strikes, according to the Palestinian Ministry of Health. Israel has been massing hundreds of thousands of troops and military equipment at the border while it ramps up its siege of Gaza.
Persons: Mohammed Abed, Israel, it’s, Peter Lerner, Jonathan Conricus, Conricus, , Martin Griffiths, OCHA Organizations: CNN, United, UN Office, Humanitarian Affairs, Israel Defense Forces, Hamas, Getty, Palestinian Ministry of Health, UN, Israel, IDF, Food Locations: Gaza, Gaza City, AFP, Israel, , Egypt
Soaring interest rates and a slowing economy sent US stocks plummeting to their 52-week lows last October. Twelve months later, the S&P 500 has been smacked once again by lingering concerns about interest rates and a recession. The index just hit an oversold level not seen since last fall, Truist co-investment chief Keith Lerner remarked in a recent note. Instead, investors should stay focused on interest rates, Lerner said. 4 top places to put your money nowTruist is bullish on both growth stocks and stocks in economically sensitive sectors.
Persons: Truist, Keith Lerner, Goldman Sachs, Lerner, offsides, doesn't, Israel aren't, they're Organizations: Truist, Investors, Bank of America, Federal, Energy Locations: Russia, Ukraine, Israel
Expensive dates, inflation, and loneliness are weighing on Gen Zers seeking romantic connections. AdvertisementAdvertisementBecause Gen Z grew up with Facebook, Instagram, and other social platforms, many 20-somethings have grown accustomed to instant connection. To that point, dozens of Gen Zers told Insider they're putting more effort into friendships and nonromantic social events to combat loneliness. Inflation hovered at 3.7% year over year in August, nearly double the 2% rate policymakers want, and it's weighing on Gen Z wallets. "Gen Z wants to find people in natural, organic contexts as friends first, and if something romantic happens, that's great," Lerner said.
Persons: Zers, Gen Zers who'd, , Marianne Simpson, she'd, Simpson, Vivek Murthy, Z, Kellie Ammerman, Ammerman, Karin Kimbrough, LinkedIn's, Tinder, Bumble, Taylor Price, Price, daters, Gen, Cliff Lerner, Gen Z, Lerner, Andrew Yeung, Yeung, Maxine Williams, Williams, We're Organizations: Service, New, Facebook Locations: New York City, America
Sam Bankman-Fried was arguing with his mom over texts from a bathroom when police arrived to arrest him, per Michael Lewis. While SBF's mom wanted him to wear long pants to jail, and he insisted on staying in his cargo shorts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With law enforcement in the living room, Lewis writes that Bankman-Fried was in the bathroom tapping away at his phone and arguing with his mom, Barbara Fried. Fried wanted her son to wear long pants as he was taken in, but he was intent on staying in his characteristic cargo shorts.
Persons: Sam Bankman, Fried, Michael Lewis, FTX's, , Lewis, George Lerner, Sam, Gary Wang, Caroline Ellison, Barbara Fried Organizations: Service Locations: Bahamas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLerner: S&P 500 should dip below its 200-day moving average before presenting buying opportunitiesKeith Lerner, Co-CIO of Truist Advisory Services, discusses his expectations for the trading day ahead.
Persons: Lerner, Keith Lerner Organizations: Advisory Services
Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.
Persons: Kevin Lamarque, , Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries
Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.
Persons: Kevin Lamarque, , Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's not enough movement to safety to buoy yields, says NewEdge's Cameron DawsonCameron Dawson, chief investment officer for NewEdge Wealth, and Keith Lerner, Truist co-chief investment officer, join 'Closing Bell' to discuss navigating yields and what to expect going into Q4.
Persons: NewEdge's Cameron Dawson Cameron Dawson, Keith Lerner, Truist
NEW YORK, Sept 27 (Reuters) - As the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead. AQR's analysis showed that trend-following hedge funds tend to outperform when rates are elevated, as they hold large cash positions that benefit from higher rates. Of course, plenty of investors believe the Fed will cut rates as soon as economic growth starts to wobble. Futures tied to the Fed’s key policy rate show investors pricing in the first rate cut in July 2024. Still, he has been holding off on adding to the firm’s holdings of small-cap consumer stocks, wary there may be more market volatility ahead as investors digest higher rates and other factors, including elevated energy prices.
Persons: , Jake Schurmeier, Dan Villalon, Keith Lerner, Lerner, Robert Pavlik, Schurmeier, he’s, Eric Kuby, Lewis Krauskopf, David Randall, Carolina, Ira Iosebashvili, Leslie Adler Organizations: Fed, Apple, Nvidia, Treasury, U.S ., Harbor Capital Advisors, AQR Capital Management, Advisory Services, Reuters, Dakota Wealth Management, BofA Global Research, Nasdaq, North Star Investment Management Corp, Thomson Locations: Harbor
The US government is more likely than not to shutdown by the end of the month, Goldman Sachs warned. But stocks could rebound quickly from any ensuing volatility, stock market experts say. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And in some cases, stocks actually ended the shutdown period higher, with the market gaining a net 10% following the 2018-19 shutdown, according to Renaissance Macro. "I think the government shutdown itself isn't a major issue from a stock market perspective," Truist co-chief investment officer Keith Lerner said to CNBC on Monday.
Persons: Goldman Sachs, , it's, aren't, Charles Schwab, Alec Phillips, shutdowns, Dow Jones, Wells, Truist, Keith Lerner Organizations: Service, Goldman Sachs Research, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGovernment shutdown isn't a major issue for stock performance, says Truist's Keith LernerKeith Lerner, Truist co-chief investment officer, joins 'Squawk on the Street' to discuss the headwinds ahead for equity markets, how the yield story plays to stock market performance, and more.
Persons: Truist's Keith Lerner Keith Lerner, Truist Organizations: Government
The S&P 500 (.SPX) tumbled 2.9% this week, its biggest weekly decline since March. High Treasury yields dull the allure of stocks by offering investors an attractive payout on an investment seen as virtually risk free. The S&P 500 entered what has historically been its weakest 10-day stretch of the year on Sept. 18, according to BofA Global Research. Meanwhile, a drawn out government shutdown could aggravate concerns over U.S. government gridlock and send Treasury yields even higher. He noted that the S&P 500 remains above its 200-day moving average and there have been few signs of investors fleeing to safety.
Persons: Charlie Ripley, Brian Jacobsen, , , Fitch, Keith Lerner, Adam Turnquist, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: Federal Reserve, Fed, Investors, BoFA, Allianz Investment Management, Treasury, Annex Wealth Management, BofA Global Research, Societe Generale, LPL Financial, Thomson
“Is It Good Enough to Fool My Gallerist?” David Salle, one of America’s most thoughtful painters, hoped an A.I. “We are sending the machine to art school,” Salle quipped, before expounding on the principles of light, shadow, depth and volume that good painting requires. Safe to say that nobody would mistake this image for a Salle painting. Salle’s style has changed over the years, which made capturing his essence a little more challenging for an algorithm. Put through the blender of a machine, Salle’s art becomes a remix: a pastiche of pastiches.
Persons: ” David Salle, David Salle, ” Salle, wisps, , , Justin Kaneps, Danika Laszuk, Grant Davis, Ben Lerner, , David Salle ”, Hillary Clinton doppelgänger, Edward Hopper … …, Giorgio de Chirico, Bernini, Salle, Salle’s, Sarah French, ” Davis, David, John Baldessari, Peter Arno, Richard Prince, Cindy Sherman, Alex Katz, Katz, Jackson Pollock, Davis, … …, , tutus, Barbara Gladstone, Arno, shrugged Organizations: The New York Times, New York Times, Whitney Museum of American Art, Betaworks, ” Salle, California Institute of, Arts, New Yorker, Salle Locations: ” Salle, , Seoul
WASHINGTON (AP) — Sean Doolittle has decided to retire from baseball after more than a decade pitching in the majors that included helping the Washington Nationals win the World Series in 2019. The left-handed reliever spent the bulk of his career with Washington and the Oakland Athletics, earning All-Star honors in 2018. “I am forever grateful to them for helping me turn a second chance into a career,” Doolittle said. Elbow surgery and a knee injury limited Doolittle to just six appearances with the Nationals in 2022 and 11 in the minors this season. He said the World Series will always be the highlight of his career and Washington home for him and his wife, Eireann.
Persons: — Sean Doolittle, Doolittle, Mike Rizzo, Sean, ” Rizzo, , ” Doolittle, you’ll, Mark Lerner, “ Sean, Organizations: WASHINGTON, Washington Nationals, Nationals, Atlanta Braves, Washington, Oakland Athletics, Cincinnati Reds, Seattle Mariners, Immaculate Grid, Athletics, University of Virginia, ” Nationals
Corporate America to DC: Don’t shut down the government
  + stars: | 2023-09-22 | by ( Matt Egan | ) edition.cnn.com   time to read: +7 min
“Nobody wins in a government shutdown,” said one executive at a business group who requested anonymity to speak candidly. ‘It’s not good for business’A shutdown may not be an especially dramatic event for the stock market or deal a sizable blow to GDP. It’s not good for business – or consumer confidence,” another trade group executive told CNN. It’s unfortunate.”Markets usually don’t careWall Street is not overly worried about the potential damage to the economy at large nor the stock market. During half of those shutdowns, the stock market posted positive returns.
Persons: ” Neil Bradley, , , “ We’ve, , Chuck Robbins, Robbins, ‘ It’s, Geoff Freeman, Bradley, it’s, Mitch McConnell, shutdowns, ” Bradley, “ It’s, Keith Lerner, Goldman Sachs, couldn’t Organizations: New York CNN Business, Corporate, US Chamber of Commerce, CNN, Cisco, US Travel Association, US Travel, , Federal Reserve, Labor Statistics, Publicly, Democrats, Privately, GOP, House GOP, Republicans, Chamber, Advisory, Commerce Locations: Washington
Three highly anticipated initial public offerings that came to market this past week raised investor hopes that a nearly two-year-long drought in IPOs might finally be coming to an end. In fact, the Renaissance IPO ETF that tracks aftermarket trading in recent IPOs picked up heading into Arm's offering, but fell 2.5% on Thursday and is down nearly 5% this month. Market barometer IPOs are a barometer of market confidence as investors bet on the hope that they are snatching up companies with strong growth potential, said Truist Advisory Service's chief market strategist Keith Lerner. The underwhelming performance of recent IPOs is just another sign that the choppy market waters are likely to continue, he added. From that perspective, the recent IPOs aren't necessarily a sign of market failure, according to Sarhan.
Persons: Adam Sarhan, , Instacart, Keith Lerner, Lerner, Sarhan, Michael Bloom Organizations: Investments, ARM, Arm Holdings, Klaviyo, CART, Facebook Locations: IPOs, Arm's, British
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ankur Crawford and Keith LernerAnkur Crawford, Alger, and Truist's Keith Lerner, join 'Closing Bell' to discuss their big cap tech outlook, growth elusiveness and investing in a choppy market.
Persons: Ankur Crawford, Keith Lerner Ankur Crawford, Alger, Truist's Keith Lerner
Mike Rizzo spent his first five years with the Washington Nationals painstakingly assembling a roster designed to make the club competitive enough to win a World Series. Washington signed Rizzo to a multiyear extension on Wednesday that will give the 62-year-old a chance to see if history can repeat itself. Jackson Rutledge, a first-round pick by Washington in 2018, will make his major league debut on the mound Wednesday. “Nobody aims to win 70 games in a season, they want to win 90 games in a season. “They’re looking forward to coming out the other end and start being a contender in this league,” Rizzo said.
Persons: Mike Rizzo, Washington, Rizzo, , Max Scherzer, Trea Turner, Juan Soto, C.J . Abrams, Soto, MacKenzie Gore, Jake Irvin, Jackson Rutledge, , ” Rizzo, That's, Davey Martinez, Davey, Stephen Strasburg, Scherzer, Lerner, Patrick Corbin, Organizations: Washington Nationals, Nationals, D.C, , Houston, NL East, Pittsburgh, Washington, Atlanta, Strasburg Locations: Washington, , San Diego, Philadelphia, Strasburg
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think we've seen the high in yields yet, says Crossmark's Bob DollKeith Lerner, Truist Chief Market Strategist and Bob Doll, Crossmark Global Investments CIO, join 'Closing Bell Overtime' to talk the day's market action and Oracle quarterly results.
Persons: Bob Doll Keith Lerner, Bob Doll Organizations: Truist, Global Investments CIO
The S&P 500 slumped on Tuesday to kick off the first trading day of a holiday-shortened week, weighed by a jump in crude oil prices. The S&P 500 dipped 0.15%, while the Nasdaq Composite hovered near the flatline. Oil prices rose after Saudi Arabia extended its 1-million-barrels per day voluntary oil production cuts. "If you have oil prices moving up that could be inflationary," said Keith Lerner, co-chief investment officer at Truist. Meanwhile, the Dow and the Nasdaq are coming off their best weekly performances since July, while the S&P 500 registered its best week since June.
Persons: Keith Lerner, Goldman Sachs, Adam Turnquist, Sarah Min Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, West Texas, Halliburton, Occidental Petroleum, EOG Resources, American Airlines, United Airlines, Delta Air Lines, Treasury, Dow, LPL Locations: New York City, Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Apollo Global's Torsten Slok and Truist's Keith LernerTorsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.
Persons: Apollo Global's Torsten Slok, Truist's Keith Lerner Torsten Slok, Keith Lerner Organizations: Apollo Global Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh-rate effects will keep going and have more negative impacts on economy: Apollo Global's SlokTorsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.
Persons: Slok Torsten Slok, Keith Lerner Organizations: Apollo Global Management
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite choppy moves forward, discretionary has opportunities, says Truist's Keith LernerKeith Lerner, Truist chief market strategist, joins 'Closing Bell' to discuss the risk reward in August's final stretch.
Persons: Truist's Keith Lerner Keith Lerner
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