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Of course, these basic rules of political decorum are ones Donald Trump has rarely followed. He’s been accumulating political capital, and his victory only gives him an opening to accumulate more ... if he chooses to. On some level, I accept the notion that one person’s revenge is another person’s “reform,” so I’m sure Trump could argue he’s appointing reformists. What will ultimately matter is whether these folks can govern like reformers or end up simply as conduits for Trump’s revenge. Here’s the political problem Trump is creating for himself: He’s taking full ownership of the entire bureaucracy now.
Persons: Donald Trump, He’s, Trump, acquiesce, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Tulsi Gabbard, let’s, Nancy Mace's, Hegseth, , wasn’t, Harris, Joe Biden, Biden, I’ve, didn’t, Barack, Biden’s Organizations: , Justice Department, Fox, Defense Department, Department of Health, Human Services, GOP, Pentagon, “ DEI, Biden, Democratic, Trump Locations: Russia, Oklahoma, Afghanistan, overreach
Doctors Without Borders (MSF) said on Tuesday that it is stopping operations across the Haitian capital Port-au-Prince and its wider metropolitan area due to an escalation in violence and threats to its staff from members of the Haitian police. The suspension would last from Wednesday “until further notice,” said MSF. A spokesperson for Haiti’s national police declined to comment. The medical aid group treats on average 1,100 outpatients, 54 children in emergency situations and more than 80 sexual and gender-based violence survivors each week, MSF said, as well as many burn victims. Garnier added that while MSF remained committed to the population it could only resume services if it receives guarantees of security and respect by armed groups, members of self-defense groups and law enforcement.
Persons: , Christophe Garnier, Garnier Organizations: Haitian, MSF, , Prince Locations: Haitian, Port, Haiti, Caribbean
On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.
Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia
Alaska Airlines partnered with Air Space Intelligence to use an AI tool that suggests flight routes. While Air Space Intelligence developed the Flyways AI Platform, it did so in close cooperation with the airline's stakeholders. AI in actionThe partnership between Alaska Airlines and Air Space Intelligence began with a learning period for both organizations. ASI's staff shadowed the airline's dispatchers to learn how they worked, while Alaska Airlines learned more about how a machine-learning algorithm could be used to route traffic. While that might seem low, those accepted routes helped reduce Alaska Airlines' fuel consumption by more than 1.2 million gallons in 2023, according to the airline's annual sustainability report.
Persons: , We've, they're, Pasha Saleh, Flyways, Saleh, Phillip Buckendorf, Buckendorf, Andreessen Horowitz Organizations: Alaska Airlines, Air Space Intelligence, Service, Space Intelligence, Alaska Airlines . Alaska Airlines, Federal Aviation Administration, ASI, IBM DOS, Airlines, Air, US Air Force Locations: Alaska, Boston, Denver, Poland, Washington, DC
Target – Shares plunged more than 17% after the Minneapolis-based retailer missed third-quarter earnings and revenue estimates and slashed its full-year guidance, just three months after raising that forecast. Delta Air Lines – The Atanta-based carrier fell more than 1% after reiterating its outlook for the fourth quarter . Nio – U.S. shares fell more than 2% after the Chinese electric vehicle maker posted lower-than-expected revenue for the third quarter. Dolby earned 61 cents per share in its fiscal fourth quarter, above analysts' estimated 45 cents per share, according to FactSet. Powell Industries – Shares of the electrical equipment company fell 13% after new orders in the fiscal fourth quarter fell to $267 million from $356 million in the third quarter.
Persons: NBCUniversal, Brian Roberts, Goldman Sachs, Morgan Stanley, Nio, Dolby, Robinhood, Needham, Keysight, Piper Sandler, Mike Tyson, Jake Paul, , Alex Harring, Jesse Pound, Pia Singh, Sarah Min Organizations: , Comcast, CNBC, MSNBC, Delta Air Lines, Delta, FactSet, Dolby, Technologies, Powell, BDO, Nasdaq, Netflix Locations: Minneapolis, Nio –
Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.
Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, , Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia
As companies across the US confront complex challenges that require overhauling strategies, reimagining business models, and adapting workforce dynamics, many are appointing chief transformation officers to drive these changes. The core figures, including the CEO, the chief operating officer, and the chief financial officer, focus on delivering quarterly results. Being a chief transformation officer, Jesuthasan said, is akin to "building the train while you're driving it down the tracks." AdvertisementBrandon Batt, the chief transformation officer at Quadient, a company focused on digital transformation, knows this all too well. Kinney recently wound down her role as chief transformation officer at Wex.
Persons: Kristy Kinney, Kinney's, Kinney, Alicia Pittman, Pittman, Ravin, Mercer, Jesuthasan, They're, Brandon Batt, Batt, Chengyi Lin, Lin, it's, Gartner Organizations: Boston Consulting Group, Boston Consulting, Organization Locations: Portland , Maine
Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean, officially becoming the sixth ship in the company's lineup. The cruise ship Disney Treasure. A guest room on the Disney Treasure cruise ship. Worlds of Marvel, a restaurant on Disney's cruise ship Treasure that was inspired by the Marvel Cinematic Universe. Jumbeaux's Sweets, inspired by the ice cream parlor in Disney's "Zootopia," is a gelato and sweets shop on Disney's Treasure cruise ship.
Persons: Minnie, hadn't, Thomas Mazloum, Gavin Doyle, Doyle, , Coco, Jumbeaux's Sweets, Jumbeaux's, I've, we've, There's Organizations: Disney, Disney Destiny, Oriental Land Company, Disney Cruise, Disney Disney, Royal, Cruise, de Coco, Mariachi Plaza, Pixar, Marvel, Walt Disney Animation Studios, Steakhouse, Skipper, Skipper Society, Cruise Lines International Association, Disney's Oceaneer, Walt Disney Theatre, Lucasfilm Locations: Port Canaveral , Florida, Caribbean, Japan, Royal Caribbean
AdvertisementElon Musk and Vivek Ramaswamy offered more details on their DOGE government efficiency commission. They said their plans to cut government spending will lead to layoffs across federal agencies. The leaders of President-elect Donald Trump's government efficiency commission have more details on how they will reduce head count across government agencies. With the federal government being the largest employer in the US, with a workforce of over 2 million Americans, the DOGE commission could have a wide-ranging impact. Are you a federal worker with thoughts on DOGE?
Persons: Elon Musk, Vivek Ramaswamy, Donald Trump's, Ramaswamy, Trump, Musk Organizations: Tesla, GOP, Street, of Government, Management, Trump, Treasury Department, Department of Health, Human Services, Social Security Administration, Department of Defense, Congress, Social Security, Medicare
As such, premium seats — currently about 30% of Delta's inventory — will be a majority focus of any added capacity next year. Delta is doubling down on premium seatsDelta's premium cabins, including premium-economy upgrades, Delta One business class, and domestic first class, have long been profit drivers. Delta said its Airbus A350-1000 aircraft will be introduced with about 50% premium seats, for example, while the airline plans to add lie-flat business class to A321neo jets. AdvertisementThis all comes after Delta had higher-than-expected earnings in the third quarter, largely anchored by premium seats, even though it was dinged by a costly CrowdStrike outage. From July through September, Delta generated $5.3 billion in premium revenue compared to $6.3 billion for the economy cabin despite premium taking up less cabin real estate.
Persons: Glen Hauenstein, Hauenstein, Scott Kirby, David Neeleman, They've, Ed Bastian, Donald Trump, Delta, didn't Organizations: Lines, Delta Air Lines, Wednesday, Delta, Spirit Airlines, United Airlines, Breeze Airways, Biden, Airbus, Boeing Locations: Atlanta
President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade. "But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds." Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data. On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.
Persons: Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, , Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau Organizations: Robinhood, Securities and Exchange Commission, Trump, SEC Locations: HOOD
Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV for streaming services. Still, Disney's cable networks, including FX and Disney Channel, are more integrated with its streaming platforms than NBCUniversal's cable networks are with Peacock, the company's subscription streaming service. That may ultimately be where cable networks are heading — to private ownership willing to harvest them for cash. Another possible path for the spinoff is as a rollup entity for other cable networks. Discovery's debt and its cable networks.
Persons: It's, Peacock, Mark Lazarus Organizations: Comcast, Investors, Cable, Disney, FX, Disney Channel, SpinCo's, CNBC, MSNBC, Warner Bros, Paramount Global Locations: Peacock
Susan Smith arrives at Union County Courthouse as the penalty phase of her trial moves into closing arguments in 1995. On Wednesday, Smith will have her chance to make her argument before the parole board, according to the South Carolina Department of Probation, Parole and Pardon Services. Inmates in South Carolina are allowed to receive and send letters but cannot legally communicate with journalists in person or on the phone. Smith and the filmmaker discussed shooting the documentary after the parole hearing and how she would be paid for her participation, according to an incident report. Pope is against Smith’s parole and said he will be speaking before the parole board at the hearing Wednesday.
Persons: Susan Smith, Smith, Michael, Alex, , , John D, , Susan Smith's, Tommy A, Thomas, haven’t, David Smith, Money, David Smith fastens, John Kuntz, ” Tommy Pope, Pope, “ Susan, Susan, , ” Pope, Larry King, ” David Smith Organizations: CNN, Courthouse, Reuters, South Carolina Department of Probation, Services, South Carolina Department of Corrections, Judicial Locations: Union , South Carolina, Long, Union, South Carolina
The full scope of the planned mass deportations remains unclear. Present-elect Donald Trump's plans for mass deportations could significantly impact construction, agriculture, and hospitality. The data breaks down 13 major sectors by the number of native-born citizens, naturalized citizens, and non-US citizens working in each. AdvertisementThe agriculture industry could also be heavily impacted by mass deportations. To be sure, deportation plans are still in flux, and it's unclear how many people would be deported or who would be targeted first.
Persons: Trump, Donald Trump's, Steve Ballmer, Molly Day, Tom Homan, Stephen Miller, Vance, Karoline Leavitt Organizations: Immigrants, American Immigration Council, American Progress, Small Business Association, ACLU, Immigration, Customs, White House, Staff, Policy, US Homeland Security
It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.
Persons: ” “, Rob Corcoran’s, ” Corcoran, , Rob Corcoran's, Rob Corcoran, KIRO, , Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarrington: Conagra is down 9% since RFK Jr.'s Health and Human Services nominationJenny Harrington, CEO of Gilman Hill Asset Management, expresses caution about Nvidia's overvaluation. She sees opportunities in Conagra, which offers a 5.3% dividend and trades at a low valuation. She also highlights Easterly Government Properties, confident that its portfolio of essential government buildings remains secure despite potential government efficiency cuts.
Persons: Harrington, Conagra, Jenny Harrington Organizations: RFK Jr, Human Services, Asset Management Locations: Conagra
Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. Bottom line Palo Alto Networks is off to a strong start to its fiscal year 2025. Palo Alto Networks passed through the fiscal first-quarter earnings beat into its full-year fiscal 2025 outlook. NGS ARR includes revenue for Palo Alto Network's Prisma, Cortex, QRadar, and certain cloud-delivered security services. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.
Persons: Platformization, We're, Palo, Nikesh Arora, Arora, Jim Cramer, SASE, billings, Jim Cramer's, Jim, Astrid Stawiarz Organizations: Palo Alto Networks, Palo, LSEG, Palo Alto, Alto Networks, Cisco Systems, cybersecurity, Street, Management, CNBC, TEC Summit Locations: Palo, platformization, Palo Alto, New York City
Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?
Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSchwab's Jon Beatty: We see a bull market for financial services spaceJon Beatty, Charles Schwab head of advisor services, joins CNBC's 'Halftime Report' to discuss AI, market opportunities, and the future of the 60/40 portfolio.
Persons: Jon Beatty, Charles Schwab
Jim Cramer said Wednesday he's feeling even better about Apple after a new piece of Wall Street research. "This piece makes me feel more confident [about Apple]," Jim said Wednesday. "They are transitioning in a very deft way from making China by far their biggest market to India," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An Apple logo is displayed on a smartphone with stock market values in the background.
Persons: Jim Cramer, Bernstein, Toni Sacconaghi, , Jim, Donald Trump's, Jim Cramer's Organizations: Apple, JPMorgan, Apple's, F1Q25, UBS, Apple Intelligence, CNBC, Getty Locations: China, India, Philippines, Indonesia
Brisbane, Australia CNN —The Australian government is threatening multimillion dollar fines for social media companies that breach a proposed ban on children under 16 from using their service. “The legislation places the onus on social media platforms, not parents or children, to ensure protections are in place,” Rowland said. Many parents and pro-ban campaigners have lauded the bill as a long overdue measure to impose accountability on tech companies for tools Australian children use online. Both sides agree about the risks of children spending too much time online, and the need for tech companies to do more to safeguard their products. The Australia government’s also commissioned the UK consortium Age Check Certification Scheme to trial age verification technology, to aid efforts to keep children off social media platforms.
Persons: Michelle Rowland, ” “, ” Rowland, we’ve, , , Australia government’s, it’s Organizations: Australia CNN, Communications, Albanese Government Locations: Brisbane, Australia
AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.
Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London
REUTERS/Ken CedenoThe Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. The DOJ also said that remedies should prevent Google from eliminating "emerging competitive threats through acquisitions, minority investments, or partnerships." In August, a federal judge ruled that Google holds a monopoly in the search market.
Persons: Jonathan Kanter, General Merrick Garland, Lisa O, Ken Cedeno, Sherman Organizations: Live Nation Entertainment, Monaco, Department of Justice, REUTERS, Department, Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android Locations: Washington , U.S
AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.
Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall
ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising by more than two basis points. U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. Elsewhere, investors weighed the latest economic data, with new housing starts falling short of expectations in October, and building permits slipping month over month, according to data published Tuesday. Later in the week, investors will be watching out for October's flash purchasing managers' index reports from S&P Global for the services and manufacturing sector.
Persons: Vladimir Putin, Donald Trump's Organizations: Treasury, U.S, Investors, Global, Federal Reserve Locations: Russia, Ukraine, U.S, Ukraine's, Kyiv
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