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☆ A historian says the naval battle in 'Gladiator II' only got one thing wrong
▼ + stars: | 2024-11-23 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

The scene is rooted in real-life naval battles that began during Julius Caesar's reign in Rome. Ridley Scott's "Gladiator II" takes a few creative liberties and diverges from history to up the ante for audiences. "Gladiator II" is set 15 years after Russell Crowe's Maximus Decimus Meridius died in the Colosseum in the 2000 movie "Gladiator." Staged naval battles really did happen in RomeA naval battle taking place at the Colosseum in "Gladiator II." AdvertisementThe sharks featured in "Gladiator II" are most likely an addition from Scott, who tends to include animals in his movies.

Persons: Julius Caesar's, Ridley Scott's, Russell Crowe's Maximus Decimus Meridius, Geta, Joseph Quinn, Caracalla, Fred Hechinger, Paul Mescal, Maximus, Connie Nielsen, Lucius, Neil Corbould, Alison Futrell, Futrell, Emperor Claudius, Scott Organizations: Paramount, National Geographic, University of Arizona Locations: Rome, Denver , Colorado

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

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

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

☆ Who is Pam Bondi, Trump’s attorney general nominee
▼ + stars: | 2024-11-23 | by ( Hannah Rabinowitz | Evan Perez | ) edition.cnn.com time to read: +9 min

She was elected in 2011 to her first political position – Florida attorney general – and was the first woman to hold that office. “Knowing her as a trial attorney and the attorney general,” Colton told CNN, “I feel that she would be very qualified for this job.”Dave Aronberg, a Palm Beach County state attorney who worked for Bondi when she was attorney general in Florida, told CNN that while Bondi will carry out Trump policies loyally, she is likely to treat Justice Department employees fairly. And for Trump’s opponents, Aronberg said not to expect a better pick for attorney general. “Pam Bondi is the best attorney general that Donald Trump is going to nominate,” Aronberg said. Since leaving the Florida attorney general post in 2019, Bondi has worked Ballard Partners, a lobbying firm with deep ties to Trump and his incoming chief of staff Susie Wiles.

Persons: Donald Trump, Pam Bondi, Matt Gaetz, Trump, Bondi, Gaetz, Trump’s, Todd Blanche, ”, Dwight Gooden, –, Nick Cox –, University of South Florida –, ” Cox, “, Bruce Colton, ” Colton, ” Dave Aronberg, ” Aronberg, Aronberg, John Durham, “ Pam Bondi, Barack Obama’s, Joan Biskupic, John Roberts, Obama, Rick Scott, Ballard, Susie Wiles, baselessly, Joe Biden, Hunter Organizations: CNN, Trump, US Justice Department, Republicans, Justice Department, DOJ, Department of Justice, New York Mets, University of South, ”, Bondi, Obamacare, Reuters, Trump University, Ballard Partners, Foreign, Amazon, General Motors, Uber, Republican National Convention, White, Center, Litigation, Trump America, Policy Institute, Trump – Locations: Florida, Bondi, “, University of South Florida, Beach County, Russia, Washington, Qatar, Pennsylvania

President-elect Donald Trump on Friday asked Scott Bessent, a top fundraiser to his campaign, to serve as secretary of the Treasury Department, two sources familiar with the matter confirmed to NBC News. And with Trump proposing aggressive tariffs on imports from countries spanning the globe, the new Treasury Department chief will have to manage relationships with global finance ministers who may choose to retaliate with tariffs of their own. With inflation moderating over the past year, the Powell-led Fed has cut interest rates as part of a bid to stop high borrowing costs from unduly raising unemployment. In Trump’s first term, he tapped banker Steven Mnuchin to lead the Treasury Department. But his tenure at the Treasury Department was more stable than those of other high-level Cabinet posts in Trump’s first term.

Persons: Donald Trump, Scott Bessent, Bessent, Trump, Jerome Powell, “, ” Powell, Powell, Steven Mnuchin, Mnuchin, Trump’s Organizations: Treasury Department, NBC News, Senate, White, Republican, Congress, Federal Reserve, Bloomberg News, Fed, CNBC Locations: Hollywood

☆ Israel kills Hezbollah leader who planned elaborate attack on U.S. soldiers in Iraq
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +3 min

A recent Israeli airstrike in Syria killed a senior Hezbollah commander who helped plan one of the boldest and most sophisticated attacks against American troops during the Iraq War, according to a senior U.S. defense official. Ali Mussa Daqduq had been captured by U.S. forces following the 2007 raid in which militants posing as an American security team killed five U.S. soldiers. It was not immediately clear when the strike took place, where in Syria or whether it targeted Daqduq specifically, the senior defense official said. The elaborate raid Daqduq helped plan was carried out at a U.S.-Iraqi military complex in Karbala on Jan. 20, 2007. The facility was part of a series of compounds known as Joint Security Stations in Iraq, where U.S. troops lived and worked with the Iraqi police and soldiers.

Persons: Ali Mussa Daqduq, Daqduq, Jacob Noel Fritz, Brian Scott Freeman, Shawn Patrick, Johnathan Bryan Chism, Johnathon Miles Millican Organizations: Pentagon, Security, Provisional Joint Coordination Center, Spc, Force, country's Revolutionary Guard, Quds Force, U.S Locations: Syria, Iraq, U.S, American, Iraqi, Karbala, Jan, Iran

☆ Denzel Washington commands ancient Rome and movie theaters with ‘Gladiator II’
▼ + stars: | 2024-11-22 | by ( Ronda Racha Penrice | Atlanta-Based Writer Ronda Racha Penrice Is The Author Of | Black American History For Dummies. | ) www.nbcnews.com time to read: +5 min

The biggest surprise of “Gladiator II” is not that Denzel Washington is great. Instead, it’s how pivotal his character Macrinus is to the long-awaited sequel starring Paul Mescal as the heir of Russell Crowe’s iconic character Maximus. But it’s Washington’s Macrinus who moves “Gladiator II” forward. “His grand purpose,” Washington told NBC News, “is to take over the world.”Denzel Washington plays Macrinus, Pedro Pascal plays Gen. Acacius and Connie Nielsen plays Lucilla in “Gladiator II.” Aidan Monaghan / Paramount PicturesTo select his gladiators, Macrinus leans into their rage. “Almost everything that is done in the film, I’ve done before: fight scenes, swords, riding horses,” he said, noting one exception.

Persons: “, Washington, Paul Mescal, Russell Crowe’s, Lucius, Washington’s Macrinus, ” Washington, Denzel Washington, Macrinus, Pedro Pascal, Acacius, Connie Nielsen, Lucilla, ” Aidan Monaghan, stokes, ”, Crowe’s, —, Ridley Scott, Thelma, Louise, ” Scott “, Scott, ’ ” Washington, “ He’s, ’ ” Paul Mescal, Caesar, Janty Yates, Cuba Scott, I’ve, “ I’ve, It’s, Malcolm, Katia, John David, Pauletta, “ we’re Organizations: NBC News, Paramount Pictures, Netflix Locations: ” Washington, Cuba, Pittsburgh

☆ Boeing faces further delays to new 737 Max jets as regulator reviews engine issue
▼ + stars: | 2024-11-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

AdvertisementThe FAA is reviewing an issue with the Boeing 737 Max's engine. Boeing could face further delays to new jets as regulators examine an engine issue. It comes after two incidents on Southwest Airlines Boeing 737 Max jets last year. On Thursday, the Federal Aviation Administration announced it was convening a review board to address an issue with the CFM LEAP-1B engine that powers the Boeing 737 Max. Coming up with that could further delay the certification of its 737 Max 7 and 737 Max 10 jets — the shortest and longest versions of Boeing's newest narrow-body plane.

Persons: Max, Pete Syme, Scott Kirby Organizations: Boeing, Seattle Times, Southwest Airlines Boeing, Max, Federal Aviation Administration, CFM, FAA, Air, Business, Alaska Airlines, Boeing's, United Airlines Locations: Cuba

☆ Paul Mescal's 'Gladiator II' character appears in the first movie — here's a refresher on who Lucius is
▼ + stars: | 2024-11-22 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

In "Gladiator," Lucius is just a child — here's what you need to know about him. In "Gladiator II," Paul Mescal's Lucius is a vengeful heir to the throne who's out for blood — but in the first "Gladiator" film, his character is just an innocent child who mucks up his parents' coup d'état. Compared to his appearance in the first film, Lucius is a bit difficult to recognize. Here's what you need to know about Lucius, and how Mescal's storyline in "Gladiator II" connects to the first film. "Gladiator II" reveals that Maximus was really Lucius' father.

Persons: Paul Mescal, Lucius Verus, Lucius, Maximus, Paul Mescal's Lucius, mucks, Ridley Scott's, Russell Crowe, Joaquin Phoenix . Long, Maximus Decimus Meridius, Crowe, Emperor Commodus, Phoenix, Empress Lucilla, Connie Nielsen, Denzel Washington, Macrinus, Aidan Monaghan, Marcus Aurelius, Commodus, Lucilla, Spencer Treat Clark, Rome, haggard, Marcus Acacius, Pedro Pascal, Denzel, Rome —, Lucilla — Lucius Organizations: Paramount, DreamWorks, Denzel Washington, Universal Locations: Rome, Numidia, North

☆ 'Glicked' is out and could be the new 'Barbenheimer.' The films would need to make over $2 billion to match it.
▼ + stars: | 2024-11-22 | by ( Ayomikun Adekaiyero | Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

AdvertisementUniversal released "Wicked" on the same day as Paramount's "Gladiator II." The coincidental release date has seen the movies dubbed "Glicked" — an echo of "Barbenheimer." They will have to make over $2 billion to compete with "Oppenheimer" plus "Barbie." There's a new "Barbenheimer" in town, as two other highly anticipated blockbusters, "Wicked" and "Gladiator 2," have premiered on the same day. Related Video A real-life Barbie Dreamhouse opens in MalibuThis created a cultural moment, dubbed "Barbenheimer," that breathed life into a struggling industry as cinemagoers approached the films as a double bill.

Persons: Oppenheimer, Barbie Dreamhouse, cinemagoers, Barbie, Paramount's, w8vhOkU6GY Organizations: Warner Bros, Universal, Teens Locations: Malibu

☆ The finale of 'Gladiator II' is a homage to the first film. Here's what it could mean for a future sequel.
▼ + stars: | 2024-11-22 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

AdvertisementThe ending of "Gladiator II" pays homage to Russell Crowe's character in "Gladiator." "Gladiator II" doesn't end on a cliffhanger, but there may still be room for another sequel. Spoilers ahead for "Gladiator" and "Gladiator II." AdvertisementRome is still a mess in "Gladiator II," set 16 years after the first film. AdvertisementMescal told Variety last week at the London premiere of "Gladiator II" that he would be "massively down" to appear in the next sequel.

Persons: Russell Crowe's, Scott, I've, Denzel Washington, Cuba Scott, Maximus Decimus Meridius, Russell Crowe, Maximus, Marcus Aurelius, Lucilla, Connie Nielsen, Aurelius, Caracalla, Fred Hechinger, Joseph Quinn, Marcus Acacius, Pedro Pascal, Acacius, Aidan Monaghan, Lucius, Paul Mescal, Rome, Marcinus, Mescal Organizations: Paramount Pictures, Paramount, Variety, London Locations: Rome, Cuba, Acacius

☆ Trump names former NFL player Scott Turner as his pick for HUD secretary
▼ + stars: | 2024-11-22 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +2 min

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

☆ Why demand for New York City office space is moving higher again
▼ + stars: | 2024-11-22 | 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 EmailWhy demand for New York City office space is moving higher againScott Rechler, chairman and CEO of RXR, joins CNBC's 'Squawk Box' to discuss return to office trends, the next decade of New York City real estate, and more.

Persons: Scott Rechler Organizations: New York Locations: New York City, New

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

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

☆ Video: CNN reporter breaks down Trump’s thinking to select Scott Bessent for treasury
▼ + stars: | 2024-11-22 | by ( ) edition.cnn.com time to read: 1 min

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CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.

Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, ”, Glock, “, Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, –, Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina

☆ 'Wicked' vs. 'Gladiator II': If you see only one movie this weekend, the choice is clear
▼ + stars: | 2024-11-22 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

"Gladiator II" and "Wicked" are facing off at the box office this weekend. Related storiesCritics Score Audience Score "Wicked" 90% 98% "Gladiator II" 72% 84%If time is of the essence, there's no tie-breaker there. AdvertisementRuntime "Wicked" 2h 40m "Gladiator II" 2h 28mIf you want something you can see with the whole family, the choice is clear: "Wicked" is more kid-friendly. 'Gladiator II' has more Paul Mescal in it, thoughPaul Mescal is in "Gladiator II" and not "Wicked." Ultimately, follow your own taste"Wicked" nor "Gladiator II" are both worth the price of theater admission (and maybe even a popcorn and soda).

Persons: there's, Ridley Scott, Russell Crowe, Joaquin Phoenix, Lucius Verus, Paul Mescal, Connie Nielsen, Jon M, Chu, Cynthia Erivo, Ariana Grande, Oz, you've, Glinda, It's, Oscar, Erivo, Pedro Pascal, Denzel Washington, Aidan Monaghan, belting, Ariana, Giles Keyte Organizations: Pictures, Paramount, New York Times, Universal Pictures Locations: Rome

☆ Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says
▼ + stars: | 2024-11-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately sending him off to serve as Federal Reserve chair, according to a Wall Street Journal report. The speculation comes with Treasury being the last major Cabinet position for which Trump has yet to state his intention. Among the potential scenarios would be one where Bessent would lead the National Economic Council initially then go over to Treasury after Warsh takes over at the Fed. However, Trump is known for the propensity to change his mind, and the report noted that nothing has been finalized. Read the full Wall Street Journal story here.

Persons: Donald Trump, Kevin Warsh, Warsh, Jerome Powell's, Trump, Marc Rowan, Scott Bessent Organizations: Wall, Fed, Treasury, Apollo Global Management, National Economic Council

CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.

Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, ”, Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, ”, Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China

☆ Trump Taps Investor Scott Bessent as Treasury Secretary
▼ + stars: | 2024-11-22 | by ( Alan Rappeport | Maggie Haberman | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump picked Scott Bessent to serve as Treasury secretary on Friday, tapping a billionaire hedge fund manager to lead an economic agenda that is expected to be built around raising tariffs and cutting taxes. Mr. Bessent, the founder of the investment firm Key Square Capital Management, has emerged as a central economic adviser to Mr. Trump over the past year. Unlike many on Wall Street, Mr. Bessent, 62, has also defended the use of tariffs, which are Mr. Trump’s favorite economic tool. If confirmed by the Senate, Mr. Bessent would take over a department with vast responsibilities that is at the core of the federal government. The Treasury Department issues debt to fund the government’s operations and pay its bills, including paying Social Security and veterans benefits.

Persons: Donald J, Trump, Scott Bessent, Bessent, George Soros Organizations: Key, Capital Management, Democratic, Senate, Treasury, Social Security

☆ Trump expected to nominate Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-22 | by ( Alice Tecotzky | Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

AdvertisementTrump is preparing to nominate Scott Bessent, a billionaire investor, for Treasury secretary. President-elect Donald Trump is reportedly preparing to nominate Scott Bessent, a Wall Street veteran and campaign ally, for Treasury secretary, one of the biggest Cabinet prizes. AdvertisementBessent, 62, founded and runs the macro hedge fund Key Square Group and emerged as a key economic advisor to Trump on the campaign trail. Known for his interest in niche economic data, Bessent helped draft speeches and write policy proposals for Trump's economic ideas. Dubbed a "Trump whisperer" by Forbes, Bessent has signaled support for some of Trump's key proposals.

Persons: Scott Bessent, Bessent, George Soros, Donald Trump, Trump's, Trump, Al Gore, Soros, James Rogers, hasn't, John Freeman, he's, — Trump, Jerome Powell's Organizations: Trump, Wall Street, Group, GOP, Democratic, Street Journal, Yale, Soros Fund Management, Republican, Soros, Mar, Forbes, CNBC, Federal Locations: South Carolina, New York City, Charleston , South Carolina, Southampton , New York

☆ Watch Friday's full episode of the Halftime Report — November 22, 2024
▼ + stars: | 2024-11-22 | 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 Friday's full episode of the Halftime Report — November 22, 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

☆ Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

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

☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

☆ Nvidia's earnings visibility makes it a 'safe haven' relative to the rest of the S&P 500: Citi
▼ + stars: | 2024-11-21 | by ( ) 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 EmailNvidia's earnings visibility makes it a 'safe haven' relative to the rest of the S&P 500: CitiScott Chronert of Citi says Nvidia's strong growth projections has made it 'just another stock'.

Persons: Citi Scott Chronert Organizations: Citi

☆ Possible Rowan selection for Treasury secretary would be boost for Apollo stock, private equity industry, says TD Cowen
▼ + stars: | 2024-11-21 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

The potential appointment of Apollo Global Management CEO Marc Rowan would boost the stock and the broader alternative asset management sector, according to TD Cowen. Trump's reelection platform included efforts to deregulate industries, which would facilitate large transactions such as the ones seen in the private equity sector. APO 1D mountain Apollo shares on Thursday Katz also thinks any "key man risk" at Apollo in the event Rowan is appointed to Trump's Cabinet is limited. Likely CEO successors are co-Presidents Jim Zelter and Scott Kleinman, according to Katz. Shares of Apollo have soared 77% year to date.

Persons: Marc Rowan, TD Cowen, Donald Trump's, Rowan, Kevin Warsh, Scott Bessent, Sen, Bill Hagerty, Warsh, Bill Katz, Katz, Jim Zelter, Scott Kleinman Organizations: Apollo Global Management, Federal, Key Square Group, Rowan, Trump, Mar, APO Locations: Wednesday's

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