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Cramer's Lightning Round: Sweetgreen is 'terrific'
  + stars: | 2024-10-16 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Oracle's year-to-date stock performance. Stock Chart Icon Stock chart icon AbbVie's year-to-date stock performance. Stock Chart Icon Stock chart icon Core Scientific's year-to-date stock performance. Stock Chart Icon Stock chart icon Clover Health's year-to-date stock performance. Stock Chart Icon Stock chart icon Sweetgreen's year-to-date stock performance.
Persons: Clover, Jim Cramer's Organizations: Abbott Labs, Clover Health, Logistics, GXO Logistics
Lightning Round: Sweetgreen is terrific, says Jim Cramer
  + stars: | 2024-10-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Sweetgreen is terrific, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Oracle, AbbVie, Core Scientific, Clover, Health, GXO Logistics, and Sweetgreen.
Persons: Jim Cramer Organizations: Oracle, Clover, Health, GXO Logistics
After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.
Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, , Novak Djokovic, Turki Alalshikh, Rome —, , Nadal, Sinclair, Chris Evert, Martina Navratilova, , Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., , Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand
UNIFIL (United Nations Interim Force In Lebanon) armoured personnel carriers depart a base to patrol near the Lebanon- Israel border on October 5. UNIFIL — the UN peacekeeping mission in Lebanon — has called the violations “shocking” while Israel has accused Hezbollah of operating in areas near UNIFIL posts. The United Nations Interim Force in Lebanon (UNIFIL) was established by the UN Security Council following Israel’s first invasion into southern Lebanon in 1978. It acts as a de-facto border between the two countries since Lebanon and Israel have an ongoing border dispute. The UNIFIL troops are tasked with monitoring border violations and keeping the area, which includes Hezbollah strongholds — secure.
Persons: Carl Court, Lebanon — Organizations: UNIFIL, United Nations Interim Force, UN, UNIFIL — Locations: Lebanon, Israel, UNIFIL, Indonesia, Italy, India, Nepal, Ghana, Malaysia
Starship Technologies filed trademarks for "Starship" and "Robovan" before SpaceX and Tesla did. AdvertisementRobotic startup Starship Technologies has a few things in common with Elon Musk's rocket company, SpaceX, and EV giant Tesla. Musk first showcased the Tesla Robovan on October 10 in Burbank, California, during Tesla's "We, Robot" event. According to United States Patent and Trademark Office records, Starship filed trademarks for "Starship" and "Robovan" in July 2015 and July 2017, respectively. AdvertisementIn October 2023, a legal marketing agency called X Social Media sued Musk's social media platform X in federal court in Florida.
Persons: Tesla, Elon Musk's, , Tesla's, Musk Organizations: Starship, SpaceX, Service, Technologies, Elon Musk's, United States Patent, Starship Technologies, Belgium Brewing Company, Harbor, X Social Media, X Corp, Reuters, BI Locations: Burbank , California, Colorado, Florida, California
UNIFIL – the UN peacekeeping mission in Lebanon – has called the violations “shocking.”Israel has accused Hezbollah of operating in areas near UNIFIL posts. On Friday, two UNIFIL troops were injured after two explosions occurred close to an observation tower. The United Nations Interim Force in Lebanon (UNIFIL) was established by the UN Security Council following Israel’s first invasion into southern Lebanon in 1978. The UNIFIL troops are tasked with monitoring border violations and keeping the area, which includes Hezbollah strongholds – secure. While UNIFIL is a peacekeeping mission, troops can use force in certain circumstances, including self-defense, to protect civilians under the imminent threat of violence and to protect UN personnel facilities and equipment.
Persons: Lebanon –, ” Israel, Benjamin Netanyahu, , António Guterres, , ” Guterres, Meiss ej Jebel, Israel, Aziz Taher, Harry Koundakjian Organizations: CNN, UN, UNIFIL –, UNIFIL, Israel, IDF, United Nations Interim Force, Reuters, UN Security Council, The Security, Advance UNIFIL, AP, Blue Locations: Lebanon, Labbouneh, Ramyah, shellings, Meiss ej, France, UNIFIL, Lebanese, Naqoura, Israel, Norwegian, Indonesia, Italy, India, Nepal, Ghana, Malaysia, Spain, China, Ireland, United Kingdom, Peru, Nigeria
It took me months to gather all the information to move from New Jersey to Barcelona. But my visa process was much more stressful than I felt it needed to be. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In January 2023, I took a leap of faith and started the process of moving abroad.
Persons: Organizations: Service Locations: New Jersey, Barcelona, Mexico
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.
Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, , TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California
A separate robotics startup, Starship Technologies, filed a US trademark application for "Robovan" in 2017. On its website, WeRide said it had received "over 10,000 indication orders from a leading express delivery company" for the car. AdvertisementIn July 2017, a company called Starship Technologies filed a trademark for "Robovan," per the United States Patent and Trademark Office. Starship, which specializes in autonomous delivery robots, was founded by Skype cofounders Ahti Heinla and Janus Friis. Unlike Tesla and WeRide, Starship Technologies' offering isn't a self-driving vehicle.
Persons: WeRide, , Elon Musk's, Tony Han, Han, Janus Friis, Musk, Tesla's, 4DDqJtGATU — Elon, Tesla Organizations: Starship Technologies, Service, CNBC, JMC, Ford Motors, Jiangling Motors Corp, Ford, United States Patent, Office, Skype, Mercedes, Benz, Tesla, Technologies, YouTube, Business Insider Locations: Guangzhou, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's record October event shows e-commerce still has legs: AnalystJohn Freeman from Ravenswood Partners talks about e-commerce space and Amazon's strength in labor and logistics.
Persons: John Freeman Organizations: Ravenswood Partners
The most luxurious experience of them all, however, could be found in the dining car. The latter was the first train car to offer on-board meals, including regional specialties like gumbo, which were prepared in a 3-foot-by-6 foot kitchen. By the 1870s, dining cars could be found on sleeper trains across North America. But this decentralized production model also contained the seed of dining car’s ultimate demise. And despite a revival of interest in train travel on the continent, dining cars (or certainly those equipped with kitchens) are now largely the preserve of tourist services.
Persons: , impeccably, Henri Opper de Blowitz, Francois Guillot, Graham Greene, Agatha Christie, Charles Dickens, George Pullman, , Pullman, Georges Nagelmackers, Arthur Mettetal, , René Prou, glassmaker, ” —, Mettetal, ” Mettetal Organizations: CNN, Orient Express, Gare de, Getty, New, Compagnie Internationale des, Orient, Nord, Express, , Pullman, Deco, Italy —, Bettmann, SNCF, Documentation Department Locations: Gare, Gare de l’Est, Paris, Europe, Constantinople, Istanbul, AFP, Britain, America, New York, North America, Belgian, Saint Petersburg, Lisbon, France, North Africa, East, London, Vichy, Switzerland, Italy, Toulouse
Military experts said it's partly down to Ukraine's long-range strikes on Russian ammo depots. AdvertisementUkraine is reducing Russia's artillery advantage on the battlefield, and recent attacks on ammo depots have likely sped that up. According to military experts, these developments are likely due in part to Ukraine's recent long-range strikes on Russian ammunition depots. Taking out the ammoUkraine damaged several rear Russian ammo depots using long-range weapons in a string of long-range strikes that began last month. But Kastehelmi said that in the long run, Russia will "most likely" be able to adapt to Ukraine's long-range strikes.
Persons: it's, , Ivan Havryliuk, Volodymyr Zelenskyy, John Hardie, Hardie, Emil Kastehelmi, Zelenskyy, Mark Temnycky, Kastehelmi Organizations: Service, CNN, Russia, Foundation for Defense of Democracies, Maxar, Security Service, Ukraine, Technologies, Black Bird Group, Council's Eurasia Locations: Ukraine, Russia, Kursk, Oktyabrsky, Toropets, Russia's, Tver, , Tikhoretsk, Krasnodar Krai, Republic, Adygea, Finnish
Tesla CEO Elon Musk unveiled the Robovan at the company's "We, Robot" event, which saw the EV giant showcase its latest autonomous offerings. Besides the Robovan, Musk also touted Tesla's upcoming vehicle, the Robotaxi, or Cybercab, and the company's Optimus robots. The future should look like the future," Musk said of the Robovan's design. The future should look like the future," Musk said of the Robovan's design. In 2021, a Chinese autonomous driving company named WeRide unveiled its own self-driving cargo van, also called the "Robovan."
Persons: Tesla, Elon Musk, Musk, , — Tesla, WeRide, Tony Han Organizations: Service, CNBC Locations: Guangzhou, China
Klaudia Radecka | Nurphoto | Getty ImagesTesla 's hyped robotaxi unveiling posed a threat to Uber 's ride-sharing aspirations, but it has turned into a boon for the stock instead. That is a massive turnaround for Uber's stock, which is now up nearly 22% over the past month and about 38% for the year. "We believe this helps minimize the ongoing overhang on UBER's stock from TSLA's aspirations in the robotaxi space." Although Tesla appears committed to developing its robotaxi fleet without partnering with existing ride-sharing platforms, Colantuoni expects it could ultimately have to look into this option. Tesla "potentially underappreciates the obstacles to scaling a robotaxi fleet" and could struggle to scale its fleet operations without offering access to demand through Uber and Lyft, he said.
Persons: Klaudia, Tesla, Uber, Jefferies, John Colantuoni, TSLA, Colantuoni, Scott Brauer Organizations: Nurphoto, Lyft, Nasdaq, Jefferies, Tesla, Bloomberg, Getty Locations: Krakow, Poland, Seattle , Washington
Multiple Disney World employees told BI about their disappointment with how the company handled Milton. The Walt Disney World Resort was still open for business. AdvertisementIn a statement, a Walt Disney World spokesperson said the company prioritizes the well-being of those on park grounds. At Disney World, workers' minimum wage starts at $18 an hour. With 80,000 staffers, the Disney World Resort is one of the largest single-site employers in the United States.
Persons: Cash, , Milton, Goldman Sachs, they'd, Reed Alexander Organizations: Disney, Milton, Service, Orlando, Sunshine State, Walt Disney, Workers, Hollywood Studios, Animal, Magic, Magic Kingdom, Disney World, BI, Wilderness Locations: Magic Kingdom, Epcot, Orange County, Central Florida, Florida, Saratoga, Orlando, United States
Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar's third-quarter report to disappoint. Tesla — The stock was little changed ahead of the electric vehicle maker's robotaxi event Thursday after the bell. Investors expect Tesla to announce a Cybercab robotaxi prototype alongside advancements in driver assistance features and artificial intelligence capabilities. CVS Health — The pharmacy chain's stock rose 1.8% following an upgrade at Barclays to overweight from equal weight. PayPal — The payments platform stock slipped 2.9% following a Bernstein downgrade to a market perform rating from outperform.
Persons: Jefferies, Stifel, Piper Sandler, Tesla, Bernstein, Harshita Rawat, Venmo, — CNBC's Lisa Han, Sean Conlon, Sarah Min, Hakyung Kim, Michelle Fox Organizations: Enphase Energy, Dominion Bank, Street Journal, GXO Logistics —, Bloomberg, Logistics, American, JPMorgan, CVS Health, Barclays, CVS, Genomics, PayPal Locations: Toronto, Canadian
Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.
Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, , Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas
AdvertisementWith hurricane season in full swing, Walmart's emergency response team is working overtime. The company's response to storms like Hurricane Milton is coordinated by Tom Bedard. "Gray-sky days" start around 3:45 a.m. for Walmart's in-house meteorologist, Tom Bedard. "Growing up in Houston in the 2000s, I got to see the Gulf Coast hurricane seasons at their worst. "Being able to learn more about something that terrified me is how I found my way into weather."
Persons: Hurricane Milton, Tom Bedard, Bedard, Helene, Idalia, We've, Doug McMillon, John Furner, you've, " Bedard, we've, Katrina —, Rita Organizations: National Hurricane Center —, Hurricane, Walmart, National Disaster Preparedness Training, Emergency, Center, Walmart Walmart, Gulf Locations: Hurricane, Texas, Appalachia, Gulf Coast of Florida, AccuWeather, Milton, Bentonville , Arkansas, Florida, Asheville , North Carolina, Houston, Houston —
Ukraine said it struck a military airfield in Russia overnight, marking the latest deep strike. AdvertisementUkrainian forces struck an ammunition depot at a military airfield in Russia overnight, the latest in a string of long-range attacks targeting Moscow's war machine. In the past two days, the Ukrainian military has said it caused damage at a key Russian ammunition depot, a drone storage facility, and now another ammo depot at an airfield. It's unclear if the latest ammunition depot stored these weapons. pic.twitter.com/17z39WI2YI — OSINTtechnical (@Osinttechnical) October 9, 2024Ukraine has targeted several Russian ammunition depots since mid-September.
Persons: , Khanskaya, Russia's Su, Russia's, we've, We've Organizations: Service, Khanskaya, Base, 272nd Training Aviation Base, Ukrainian, GRAU Arsenal, Institute for Locations: Ukraine, Russia, Kyiv, Republic, Adygea, Ukrainian, Maykop, Adygea Republic, Khanskaya, Russia's Bryansk, North Korea, Iran, Karachev, Bryansk Oblast, Bryansk, Russia's Krasnodar, Crimea
But residents in St. Lucie County faced an entirely different threat: fatal tornadoes that were “supercharged” compared to typical hurricane-spawned tornadoes, National Hurricane Center Director Michael Brennan told CNN Thursday. “Their whole homes with them inside were lifted up, moved, destroyed,” St. Lucie County Sheriff Keith Pearson said. The St. Lucie County Sheriff's Office was damaged in Fort Pierce as Hurricane Milton crossed into Florida. “There’s no way we could have predicted this type of activity because this is just not precedented,” Port St. Lucie Mayor Shannon Martin told CNN’s Jim Acosta on Thursday morning. Julene Martin-Morganelli, board of directors president at Sunnier Palms Park and Campgrounds, was in her house when a tornado hit the area, she told CNN Thursday.
Persons: Milton, Lucie County, Michael Brennan, Keith Pearson, Hurricane Milton, Eric Hasert, Hurricane Irma, , Lucie Mayor Shannon Martin, CNN’s Jim Acosta, I’ve, Lucie, Julene Martin, Martin, Morganelli, , , Laura Gabriel, Gabriel Organizations: Lucie County , Florida CNN, CNN, National Weather Service, National Hurricane Center, Spanish Lakes Country Club, South Florida Logistics, Sheriff's, USA, Prestige Storage Locations: Lucie County , Florida, Siesta Key, Florida, St . Petersburg, St, Lucie, South Florida, Spanish, Portofino Shores, Holiday Pines, Lakewood Park, South, ” St, Fort Pierce, Hurricane, ” Port St
With hurricane season in full swing, Walmart's emergency response team is working overtime. The company's response to storms like Hurricane Milton is coordinated by meteorologist Tom Bedard. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Gray-sky days" start around 3:45 a.m. for Walmart's in-house meteorologist, Tom Bedard. Walmart's in-house meteorologist Tom Bedard at work.
Persons: Hurricane Milton, Tom Bedard, Bedard, , Helene, it's Hurricane Milton, Idalia, We've, Doug McMillon, John Furner, " Bedard, Walmart's, you've, We're, we've, Katrina —, Rita Organizations: Service, National Hurricane Center, it's, Walmart, National Disaster Preparedness Training Center, Emergency, Center, Walmart Walmart, Gulf Locations: Hurricane, Texas, Appalachia, it's Hurricane, Gulf Coast of Florida, AccuWeather, Milton, Bentonvill , Arkansas, Florida, Bentonville, Asheville , North Carolina, Houston, Houston —
It is the first factory dedicated to building humanoid robots, according to the privately held company, which has already begun testing Digit with high-profile clients like Amazon and GXO Logistics . Digit was designed to take up repetitive and mundane manufacturing tasks, helping to close the labor gap in the logistics sector. Robots like Digit can step in and take those tasks off their hands," Johnson said. The end goal, according to Johnson, is for the robots to be able to build future versions of themselves. Watch the video above for an up-close look at Digit and the RoboFab factory.
Persons: It's, Peggy Johnson, Johnson Organizations: Robotics, GXO Logistics, Agility Robotics, CNBC Tech Locations: Oregon
Ukraine said Wednesday it carried out a drone attack on a key Russian ammunition depot overnight. AdvertisementThe Ukrainian armed forces said that it carried out a drone strike on a major Russian ammunition depot overnight. The Russian military is said to have stored missiles and artillery shells, including munitions from North Korea, and highly destructive glide bombs at the targeted arsenal. Business Insider couldn't independently verify the video details or claims about the Ukrainian attack. Hundreds of secondary explosions have been reported at the key Russian ammunition dump, reportedly housing North Korean munitions.
Persons: , couldn't, GRAU, tI1UUVCKzB, KvJBo2F6nn, Maria Avdeeva Organizations: Service, GRAU Arsenal, Unmanned Systems Forces, Arsenal, Missile and Artillery Directorate Locations: Ukraine, Russia, Russian, Karachev, Russia's, Bryansk, North Korea, Moscow, Kyiv
Why health care could be a winner heading into year-end
  + stars: | 2024-10-09 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Health care may be the answer, if history is any indication. The Health Care Select Sector SPDR Fund (XLV) has posted a November gain in eight of the last 10 years. Health care trades at a forward price-to-earnings ratio of 22.2, while the S & P 500 has a multiple of 24. The optimism around health care comes as the sector lags the broader market. Some health care names poised to do well, according to Krinsky, are Masimo and Viking Therapeutics .
Persons: What's, Jonathan Krinsky, Krinsky Organizations: iShares Biotechnology, Viking Therapeutics, Viking, Politan, Citi, UPS, Amazon Logistics, Walmart Locations: China
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Worldwide Exchange Word of the Day: Earnings Stephanie Link of Hightower believes Q3 earnings will be better than LSEG estimates of a 5% increase year over year; seeing potential for an 8-10% increase. "This gives it some room to outperform in the final quarter," Baruch said on Worldwide Exchange. (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers.
Persons: Stephanie Link, Hightower, Bill Baruch, Baruch, Wells Fargo Organizations: PRO, Worldwide, Federal Reserve, Atlanta Fed, Blue, Wolfe Research, Dow Transports, Dow Jones Transportation, Citi, Logistics
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