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Stocks tumbled on Friday as the post-election rally fizzled and investors fretted over the path of interest rates. The S&P 500 slipped 1.32% and closed at 5,870.62, while the Nasdaq Composite fell 2.24% to 18,680.12. Declines in pharmaceutical stocks weighed on the 30-stock Dow and broader S&P 500, with Amgen down about 4.2% and Moderna off by 7.3%. The information technology sector of the S&P 500 was the worst performing corner of the market, down more than 2% as Nvidia, MetaPlatforms, Alphabet and Microsoft tumbled. The S&P 500 posted a weekly loss of 2.1%, while the Nasdaq Composite slid about 3.2%.

Persons: Stocks, Donald Trump, Robert F, Kennedy Jr, Tesla, ”, Kristy Akullian, “, Jerome Powell, Susan Collins, Dow Jones Organizations: Dow Jones Industrial, Nasdaq, Dow, Moderna, Department of Health, Human Services, P Biotech, Nvidia, Microsoft, Trump Trade, ” Traders, Federal, Boston, Street Locations: Americas, BlackRock

☆ Trump picks former Rep. Doug Collins for veterans affairs secretary
▼ + stars: | 2024-11-15 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

President-elect Donald Trump said Thursday that he will nominate Doug Collins, a former House member from Georgia, to lead the Department of Veteran Affairs in his administration. Collins, an Iraq war veteran who left Congress in 2021, was a fierce defender of Trump during his 2019 impeachment inquiry. "Doug is a Veteran himself, who currently serves our Nation as a Chaplain in the United States Air Force Reserve Command, and fought for our Country in the Iraq War," Trump said in a statement Thursday. Collins said he was honored to accept the nomination and vowed to deliver best-in-class care to veterans. Trump has expressed support for Collins in the past, having floated him as a potential challenger to Georgia Gov.

Persons: Donald Trump, Doug Collins, Collins, Trump, Doug, We’ll, they’ve, Brian Kemp Organizations: Department of Veteran Affairs, United States Air Force Reserve Command, Veterans, Families, Trump, Republican, Democratic, Georgia Gov Locations: Georgia, Iraq, House

☆ Elon Musk's DOGE is looking for people to help cut government spending. But is he offering a real job? And is it paid?
▼ + stars: | 2024-11-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

DOGE hasn't answered questions about pay, or whether you need an X account to apply. AdvertisementMusk didn't respond to an email from BI, and the DOGE account didn't respond to a direct message. Representatives for Vivek Ramaswamy, who incoming President Trump tapped to co-lead DOGE alongside Musk, also didn't respond to a request for comment. DOGE's post on X asks prospective applicants to send their resumes via direct message to its X account. Still, a job seeker would need to have an X account — even if just a free one — to send a direct message to DOGE.

Persons: Musk, hasn't, Elon Musk, —, didn't, Brian Hughes, Trump, Vivek Ramaswamy Organizations: Elon Musk's Department, Government, Department of Government, Trump, — Department, DMs, BI

☆ Jared Kushner expected to be pivotal to Trump admin’s Middle East efforts without taking a formal job
▼ + stars: | 2024-11-15 | by ( Kylie Atwood | Kevin Liptak | ) edition.cnn.com time to read: +10 min

CNN —President-elect Donald Trump’s son-in-law Jared Kushner is seen as being pivotal to the incoming administration’s Middle East efforts, even though he is not likely to take a formal job within it, regional diplomats and Trump allies told CNN. Trump’s Middle East team has been taking shape this week after he selected a former Republican governor and a close friend and real-estate developer to take on key roles. Since Trump left office in 2021, Kushner and his wife, Ivanka Trump, have moved to Miami and largely exited politics. Kushner has also maintained relationships with key players in the Middle East, including Israeli officials and leaders in the Arab Gulf. That is the key question,” explained Aaron David Miller, a former Middle East negotiator at the State Department, referring to Trump’s longtime friend and real estate developer who will serve as his special envoy to the Middle East.

Persons: Donald Trump’s, Jared Kushner, Kushner, Trump, Jared, ”, –, ” Kushner, Abraham, Ivanka Trump, Saudi Crown Prince Mohammed bin Salman, Trump’s, bin Salman, Israel, “, Kusher, Ghaith Al, Benjamin Netanyahu, Netanyahu, Ron Dermer, Brian Hook, ” Hook, “ Kushner, Mike Huckabee, Steve Witkoff, Kushner –, Aaron David Miller, Rubio, ” Witkoff, Witkoff Organizations: CNN, Trump, Trump’s, Republican, White, Abraham Accords, United, United Arab Emirates, Affinity Partners, Washington, Saudi Crown, MBS, Saudi Arabia’s Public Investment Fund, Harvard, Washington Institute, Israel, State Department, CNN International, Former Arkansas Gov Locations: Israeli, Israel, Isreal, United Arab, Gaza, Lebanon, Miami, Arab, Saudi, Saudi Arabia, New Jersey

☆ Philadelphia Eagles pull away in the fourth to defeat Washington Commanders, extend win streak to six
▼ + stars: | 2024-11-15 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +4 min

CNN —The Philadelphia Eagles scored three fourth-quarter touchdowns, including two by star running back Saquon Barkley, to pull away and defeat the Washington Commanders 26-18 on Thursday night at Lincoln Financial Field. Washington opened the scoring in the first quarter with rookie quarterback Jayden Daniels orchestrating a four-play, 58-yard drive to put the Commanders ahead 7-0. It’s not about who’s tougher, but who is tougher longer.’”The turning point in the game came in the fourth quarter. Trailing 12-10, with the Commanders facing a fourth-and-two in field goal range, Washington elected to go for a first down. It was huge because we went down and made it a two-score game.”Zack Baun and Reed Blankenship of the Eagles stop Daniels on the key fourth-down run during the fourth quarter.

Persons: Saquon Barkley, Barkley, Jayden Daniels, Daniels, Austin Ekeler, Brian Robinson, Jalen, Quan Martin, Nick Sirianni, It’s, ” Sirianni, “ Jayden Daniels, ” Zack Baun, Reed Blankenship, Mitchell Leff, Zach Ertz Organizations: CNN, Philadelphia Eagles, Washington, Lincoln Financial, Eagles, NFC East . Washington, Los Angeles Rams, Cowboys Locations: Washington, Dallas

☆ Disney CFO says Epic Universe's opening could boost attendance at Disney's Florida theme parks
▼ + stars: | 2024-11-15 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Both Walt Disney World and Universal Orlando Resort are adding new attractions. AdvertisementEpic Universe's arrival in Central Florida might be good for its direct competitor, Walt Disney World. Disney's Chief Financial Officer Hugh Johnston discussed Universal Orlando Resort's upcoming theme park during Thursday's earnings call. When asked how Epic Universe's May 2025 debut could impact Walt Disney World, Johnston seemed optimistic.

Persons: Hugh Johnston, Johnston, —, Walt, Arturo Holmes, Disney Dreamers Academy Dennis Speigel, NBCUniversal, Comcast NBCUniversal, Brian L, Roberts, Harry Potter, Berk, Josh D'Amaro, Indiana Jones, James Cameron's Organizations: Universal Studios, Disney, Walt Disney World, Universal Orlando, Service, Walt Disney, Cinderella's, Disney Dreamers Academy, Park, Inc, Comcast, Comcast Corporation, Universal Orlando Resort Universal, of, Nintendo, Magic, Central, Central Florida Tourism, Disney's Hollywood Studios Locations: Central Florida, Florida, Pueblo Esperanza

☆ CNBC Daily Open: Powell’s comments drag investors down to earth from postelection high
▼ + stars: | 2024-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Shelby Tauber | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAfter enjoying the postelection rally, investors are turning their attention to issues like inflation and interest rates again. Powell added that the Fed doesn't need to be "in a hurry to lower rates" because the of "the strength we are currently seeing in the economy." For investors who were riding high on the postelection rally and are now descending to earth, their landing sure feels like a bumpy one.

Persons: Jerome Powell, Shelby Tauber, Powell, Rick Rieder, Rieder, —, Jeff Cox, Brian Evans, Sarah Min Organizations: US Federal Reserve, Fair, Bloomberg, Getty, CNBC, Consumer, Dow Jones, Nasdaq Locations: Dallas , Texas, U.S

☆ We're overhauling our Bullpen watchlist — 3 stocks are gone, the rest stick around
▼ + stars: | 2024-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A view of the New York Stock Exchange (NYSE) on Wall Street November 13, 2024, in New York City.

Persons: Jim Cramer, Jim, Brian Chesky, Trump, Marvell, Jim chalked, Matt Murphy's, we're, hasn't, Amgen's, it's, Jim Cramer's, Angela Weiss Organizations: Pepsico, RTX, Marvell Technology, Nvidia, AMD, Broadcom, Novartis, JPMorgan Healthcare, Dow Inc, Jim Cramer's Charitable, CNBC, New York Stock Exchange, AFP, Getty Locations: RTX, Russia, Ukraine, Swiss, China, New York City

☆ Tampa Bay Rays will play their home games at the Yankees' spring training field
▼ + stars: | 2024-11-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

ST. PETERSBURG, Fla. — The Tampa Bay Rays will play their 2025 home games at the New York Yankees’ nearby spring training ballpark amid uncertainty about the future of hurricane-damaged Tropicana Field, Rays executives said on Thursday. “It is singularly the best opportunity for our fans to experience 81 games of major league Rays baseball,” Sternberg said. “As difficult as it is to get any of these stadiums up to major league standards, it was the least difficult. Once known as Legends Field, Steinbrenner Field opened in 1996 on Tampa’s north side. The Tampa Tarpons, one of the Yankees minor league teams, play their home games at Steinbrenner Field during the summer.

Persons: Stuart Sternberg, Steinbrenner, it’s, ” Sternberg, Rob Manfred, George M, Brian Spurlock, ” Manfred, Hurricane Milton, Brian Auld, ” Auld, ’, George Steinbrenner, Hal Steinbrenner, Sternberg, “, ” Hal Steinbrenner, Milton, ” Organizations: Tampa Bay Rays, New York Yankees, Tropicana, Rays, Major League Baseball, ” Baseball, Getty, League Baseball’s, Hurricane, Historic Gas Plant, American League East, Yankee, Tampa, MLB, Colorado Rockies, Yankees, Steinbrenner, Hurricanes Locations: PETERSBURG, Fla, —, Tampa, Florida, Tampa Bay, Tampa , Fla, St . Petersburg, Bronx, Tampa’s

Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, has said that he believes women should not serve in combat and that he wants to see the military purged of “woke” officials who support diversity, equity and inclusion initiatives. Neither Fox News nor Trump’s transition team immediately responded to requests for comment about Hegseth’s on-air remarks about the military. Hegseth was an Army National Guard infantry officer, serving tours in Afghanistan and Iraq and at Guantánamo Bay, Cuba. “I’m straight up just saying that we should not have women in combat roles,” Hegseth said on the podcast. “Who?” Sen. Bill Cassidy, R-La., said on Capitol Hill when he was asked Tuesday evening about Trump’s picking Hegseth.

Persons: Pete Hegseth, Donald Trump’s, “, ”, Trump’s, Hegseth, Trump, Pete, Shawn Ryan, CQ Brown, ” Hegseth, hasn’t, Qassam, Edward Gallagher, “ They’re, Gallagher, Richard Spencer, Daniel Penny, Penny, Jeffrey Prosperie, ” Prosperie, Matt Gaetz, Sen, Marco Rubio, Democrat Tulsi Gabbard, I’m, he’s, Gretchen Carlson, Hegseth’s, Brian Kilmeade, ” Sen, Bill Cassidy, “ I’m, Mike Rounds Organizations: Fox News, Trump, “ Fox & Friends, Fox, Army National Guard, Defense Department, Joint Chiefs of Staff, Air Force, Pentagon, U.S, Navy SEAL, Marine, Associated Press, Democrat, Weekend Fox, Defense, Friends, Hegseth’s Fox News, Senate, Capitol Locations: America, Afghanistan, Iraq, Guantánamo Bay, Cuba, U.S, Iran, New York City, Marco Rubio of Florida

☆ The election proved the media is in crisis. Here’s what it needs to do to regain its relevance
▼ + stars: | 2024-11-14 | by ( Brian Stelter | ) edition.cnn.com time to read: +11 min

What can news outlets do to regain trust and appeal to new audiences without alienating existing readers and viewers? For the past week, CNN’s media team has been receiving feedback from readers of the Reliable Sources newsletter. Mainstream media outlets have been losing public trust for decades, particularly among Republicans, but also among Democrats and independents. Maybe, CNN’s Donie O’Sullivan commented last week, the media collectively spent “too much time obsessing about polling (where did that get us?) As long as President-elect Donald Trump keeps repeating lies and raising controversies, the press will be seen as a hostile force by many Trump voters.

Persons: New York CNN — Donald Trump’s, Kamala Harris, “, ”, Greg Gutfeld, Sean Hannity, ” Elon Musk, Harris, Donie O’Sullivan, MAGA, it’s, TheWrap’s Sharon Waxman, Donald Trump, They’re, Joe Rogan’s, Charlie Warzel, Rachel Karten, “ Trump, Tim Graham, Arlie Russell Hochschild, Vox, Lulu Garcia, Navarro, Buck, Richard Stengel, Andrew Morse, “ It’s, Will Bunch, there’s Organizations: New, New York CNN, ” Fox, Trump, Media, ABC News, Nielsen, CNN, News, Civic Health, Media Research Center, ” New York Times, Atlanta, Philadelphia Locations: New York, Washington, York, U.S

☆ The real reason Starbucks is bringing back self-serve milk and sugar
▼ + stars: | 2024-11-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —Starbucks baristas can put eight shots of espresso into one cup. Starbucks’ self-serve stations had milk, sugar, sweeteners, spices and stirrers, just like at other coffee shops. This influx of mobile orders has sometimes strained Starbucks workers during rush hours. Gabby Jones/Bloomberg/Getty ImagesNiccol said bringing back self-serve stations will help Starbucks serve drinks in four minutes or less. “We’ll need to have proper staffing so that people are able to restock the condiment bar and make sure it’s clean and presentable.”

Persons: Amanda Poore’s, creamer, ”, Poore, David Garfield, “, Brian Niccol’s, Gabby Jones, Niccol, We’re, it’s, Amanda Rivera, Rivera Organizations: New, New York CNN, Starbucks, Bloomberg, Getty, Starbucks Workers Locations: New York, Seattle, Atlanta

☆ Elon Musk is hiring for DOGE. Here's what he's looking for.
▼ + stars: | 2024-11-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk wants you to help root out government waste — but only if you're really smart and willing to work 80 hours a week. Musk, who's standing up the Department of Government Efficiency — or DOGE, named after a cryptocurrency he's linked to — is looking for the top 1% of people interested in joining. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. Since his early days at Tesla, Musk has pushed the company's staff to work "super hardcore" — a management style he mirrored at Twitter, now X, after taking over the platform in 2022.

Persons: it'll, Musk, —, Elon Musk, Vivek, Vivek Ramaswamy, Trump, Ramaswamy, Volodymyr Zelenskyy, Recep Tayyip Erdoğan, Vance, Brian Hughes Organizations: Elon Musk's Department, Government, Service, Department of Government, Elon, — Department, Trump, Twitter Locations: Turkish

The 10-year Treasury yield sat near flat at 4.449%, near its highest point since July. The 10-year Treasury yield hovered near a 4-month high on Thursday after Federal Reserve chair Jerome Powell indicated that the central bank is in no hurry to slash interest rates. The moves followed Fed Chair Jerome Powell's speech in Dallas Thursday, where he told business leaders the cenral bank doesn't need to quickly cut interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in prepared remarks. The speeches come as investors and economists scrutinize what President-elect Donald Trump's return to the White House could mean for U.S. interest rates.

Persons: Jerome Powell, Jerome Powell's, Powell, Adriana Kugler, Donald Trump's, Dow Jones, —, Sarah Min Organizations: Treasury, Federal, Fed Locations: Dallas

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

Trump’s transition team includes close to 100 people, with some working at Mar-a-Lago and others at the campaign office in Palm Beach and in Washington. Andrew Harnik/Getty ImagesInside Trump’s transitionTrump’s transition effort had begun with relatively orthodox choices — including Wiles, who led Trump’s campaign, as chief of staff. Much like his defense secretary pick, Trump had also grown frustrated with his options for attorney general. The role of attorney general has long been viewed by Trump as one of, if not the, most important positions he would fill. CORRECTION: This story has been corrected to properly reflect the process by which Donald Trump considered candidates for attorney general.

Persons: Donald Trump’s, Pete Hegseth, Tulsi Gabbard, Matt Gaetz, —, Trump, firebrands —, elect’s, MAGA, ”, “, ” Trump, Joe Biden, Mike Johnson, South Dakota Sen, John Thune, Elon Musk, Tesla, he’d, strode, Chris Christie’s, Susie Wiles, Wiles, Donald Trump, Andrew Harnik, Monday Trump, Florida Sen, Marco Rubio, Gabbard, Steve Bannon, ” Bannon, Donald Trump Jr, Richard Grenell, Rubio, Tony Hinchcliffe denigrated, JD Vance, Vance, Brian Snyder, Department —, Kamala Harris, Mark Paoletta, Andrew Bailey, Justice Department —, Jeff Sessions, William Barr, Department’s, Kevin McCarthy, Todd Blanche, Blanche, Nathan Howard, Gaetz, McCarthy, ” Gaetz, Gaetz’s, “ We’re, ” Johnson, Trump’s, Alaska Sen, Lisa Murkowski, Justice Department . Maine Sen, Susan Collins, Texas Sen, John Cornyn, Thune, Sen, Mike Rounds, ” Rounds, Kaitlan Collins, Annie Grayer, Danya Gainor, Holmes Lybrand, Dana Bash, Haley Talbot, Jeremy Herb, Katie Bo Lillis, Ted Barrett, Manu Raju, Sarah Ferris, Pamela Brown Organizations: CNN, Fox News, Hawaii Democratic, Republican, “, Wednesday, Washington, Hill, South, GOP, Elon, House Republicans, DC, SpaceX, Department of Government, Trump, New, New Jersey Gov, Mar, Hyatt, Monday, Democratic, Army National Guard, US Army Reserve, America, Florida Republican, Tony Hinchcliffe denigrated Puerto Ricans, State Department, Base Andrews, Reuters, Department, Justice Department, White House, Republicans, Capitol, U.S . Capitol, Senate, Justice Department ., Texas, South Dakota Republican Locations: Florida, Washington, South Dakota, Trump’s, New Jersey, Palm Beach, Washington ,, Syria, Russia, Tony Hinchcliffe denigrated Puerto, Madison, Maryland, U.S, Missouri, Manhattan, Trump, Alaska, Justice Department . Maine

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

☆ Did you need another reminder that Donald Trump watches TV? Here you go
▼ + stars: | 2024-11-13 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

But some people still seem surprised to see Trump nominate Pete Hegseth for defense secretary. It's a reminder that while Twitter — and Elon Musk — is influencing Trump, he's also a very, very big TV guy. Here's one clue: Trump has just nominated a Fox News host, Pete Hegseth, to be his secretary of defense. Mr. Musk has also attended at least one national security meeting with Mr. Trump alongside the likes of Stephen Miller, a top aide, and Donald Trump Jr., according to a person briefed on the meeting. But for now, both things can be true: Donald Trump has both Twitter and TV on his mind — even if he's actually watching only one of them.

Persons: Donald Trump, Pete Hegseth, It's, Elon Musk, Trump, he's, Ron DeSantis, Pete, CNN's Brian Stelter, YouTuber Shawn Ryan, Musk, Rick Scott of, Howard Lutnick, Linda E, McMahon, Recep Tayyip Erdogan of, Volodymyr Zelensky, Javier Milei, Milei, Stephen Miller, Donald Trump Jr Organizations: Fox News, Trump, Twitter, Elon, —, Hegseth's Fox News, Florida Gov, Fox, Army National Guard, YouTube, 4chan, New York Times, Department of Education, Mr, Times Locations: Washington, Florida, Rick Scott of Florida, Canada, Recep Tayyip Erdogan of Turkey, Ukraine, Argentina, Mar

☆ Fed has room to continue to cut as monetary policy is still restrictive, says Annex's Brian Jacobson
▼ + stars: | 2024-11-13 | 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 EmailFed has room to continue to cut as monetary policy is still restrictive, says Annex's Brian JacobsonBrian Jacobson, Annex Wealth Management chief economist, joins CNBC's 'Power Lunch' to discuss reactions to the latest CPI data, expectations for the Federal Reserve, and more.

Persons: Annex's Brian Jacobson Brian Jacobson Organizations: Fed, Wealth Management, Federal Reserve

☆ How Pete Hegseth went from Fox News host to Trump’s Defense Secretary pick
▼ + stars: | 2024-11-13 | by ( Brian Stelter | ) edition.cnn.com time to read: +8 min

New York CNN —Two years ago, Pete Hegseth relocated his family from New Jersey, near Fox News headquarters, to a small town outside of Nashville, Tennessee. On Tuesday evening, President-elect Donald Trump said Hegseth is his pick for Defense Secretary – a decision that shocked even some of his friends at Fox. Hegseth and Rauchet disclosed their relationship to Fox management when Rauchet was pregnant (and Hegseth was still married). After returning home from Iraq in 2006, Hegseth wrote that more troops were urgently needed. Hegseth wrote “Modern Warriors” in 2020 and “War on Warriors” earlier this year, both for Fox’s book imprint.

Persons: Pete Hegseth, Friends ”, Biden, Donald Trump, Hegseth, –, Pete, “, Trump, ” Hegseth, ”, Roger Ailes, Ailes, buzzed, Hegseth’s, Samantha, Jennifer Rauchet, Rauchet, Kaitlan Collins, George W, Bear Stearns, Amy Klobuchar, Glenn Beck’s, Tucker Carlson, Jack Carr, Bernstein, he’d, Fox, Carr Organizations: New, New York CNN, Fox News, “ Fox, Friends, Fox, Army, Department of Defense, Inside Fox, Trump National Golf, Nashville Christian, CNN, Princeton University, New Jersey Army National Guard, National Guard, Harvard University, White, Trump, Department of Veterans Affairs, Twitter, Fox Nation, Veterans, Warriors, FOX News Media, Princeton Locations: New York, New Jersey, Nashville , Tennessee, Washington, DC, Iraq, Afghanistan, Guantanamo Bay, Cuba, United States, Bear, Guantanamo, Minnesota, Nashville, Tennessee

Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. U.S. stocks slid on Thursday, as fresh comments from Federal Reserve Chair Jerome Powell signaled that economic strength could warrant some patience with future rate cuts. The Dow Jones Industrial Average slipped 189 points, or 0.4%, after falling more than 250 points at the lows of the session. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said. Those moves come after the October producer price index released Thursday rose 0.2%, matching forecasts from economists polled by Dow Jones.

Persons: Republican Donald Trump, Jerome Powell, Stocks, Powell, Tesla, Dow Jones, Donald Trump's, Jay Woods Organizations: New York Stock Exchange, Republican, U.S, Federal, Dow Jones, Nasdaq, Trump, Russell, PPI, Dow, Freedom Capital Locations: New York City, U.S, Dallas

☆ Chipotle shareholder sues over skimpy portion sizes
▼ + stars: | 2024-11-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —A Chipotle shareholder is suing the fast-casual chain over viral social media complaints about skimpy portion sizes. The proposed class-action lawsuit filed Monday claims Chipotle understated customer dissatisfaction regarding its “highly inconsistent” portion sizes in official disclosures. “First, there was never a directive to provide less to our customers,” Niccol said during the earnings call. After that earnings call on October 30, Chipotle stock dipped 7.86%. The proposed class action would make eligible anyone who purchased or sold Chipotle stock from February 8 to October 29, 2024.

Persons: Keith Lee, Chipotle, ” Laurie Schalow, Chipotle’s “, Brian Niccol, ” Niccol, Niccol, Jack Hartung, Scott Boatwright, Boatwright Organizations: New, New York CNN, Starbucks Locations: New York, Wells, Chipotle’s, Chipotle

☆ This fund has outperformed the S&P 500 over the past 5 years. Here's how
▼ + stars: | 2024-11-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

Select Quality Equity Fund (GQEPX) is up 33% in 2024, outpacing the S & P 500's 27% year-to-date total return. It has also outperformed 99% of funds in its category over the past five years, per Morningstar. This matches the rest of the firm's fund strategies, GQG portfolio manager Brian Kersmanc told CNBC. "We focus on this concept of forward quality," Kersmanc explained. So they're considered that sort of a blue chip, almost widow-and-orphan stock within the portfolio," Kersmanc said.

Persons: Morningstar, GQEPX, Brian Kersmanc, Eli Lilly, Kersmanc, Rajiv Jain, it's, Philip Morris, —, It's, they're Organizations: GQG Partners, Equity Fund, CNBC, Nvidia, Exxon Mobil, Kersmanc, Exxon Locations: Florida, GQEPX

☆ 11 injured in Louisville explosion, shelter-in-place order issued for 'hazardous materials incident'
▼ + stars: | 2024-11-12 | by ( Doha Madani | Doha Madani Is A Senior Breaking News Reporter For Nbc News. Pronouns | She Her. | ) www.nbcnews.com time to read: +2 min

The city's emergency services posted on X that there has been a "hazardous materials incident" at the address of a Givaudan Sense Colours, a company that makes natural food colorings. It is the scene of a "large scale incident," according to a post from the Louisville Fire Department. Louisville Fire Chief Brian O’Neill told reporters the response was for an explosion, structural collapse and hazardous material incident. WAVE“Once we got the fire knocked down we immediately started air monitoring for the immediate area,” O’Neill said. Video from NBC affiliate WAVE showed a large police presence and emergency services vehicles lining the road of what appeared to be a residential street.

Persons: Brian O’Neill, ” O’Neill, “, O’Neill, John Boel Organizations: Louisville Metro Police, Louisville Fire Department, Louisville Fire, Firefighters, Officials, Monitoring, NBC, WAVE, Authorities, NBC News Locations: Louisville , Kentucky, Firetrucks, Louisville, Clifton

☆ Lunchables removed from national school lunch program
▼ + stars: | 2024-11-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

Kraft Heinz, the company that produces Lunchables, announced Tuesday that it will remove the meal kits from the National School Lunch Program. “We’re pleased that Heinz Kraft has pulled Lunchables from the school lunch program,” Brian Ronholm, director of food policy at Consumer Reports said in a statement. “The USDA should maintain stricter eligibility standards for the school lunch programs so that the millions of kids that depend on it get the healthier options they deserve.”The National School Lunch Program –– a federally assisted program that provides low-cost and free nutritionally balanced lunches to students –– serves nearly 30 million kids, according to the US Department of Agriculture’s Food and Nutrition Service. Sodium levels in the school lunchesTwo types of Lunchables were brought into the school lunch program last year: Turkey & Cheddar Cracker Stackers and Extra Cheesy Pizza. Consumer Reports found that the kits, which were created specifically for the school lunch program, contained even higher levels of sodium than those available in the grocery store.

Persons: CNN —, Kraft Heinz, We’re, Heinz Kraft, Brian Ronholm, – –, Tom Vilsack, “, Armour LunchMakers, Oscar Mayer, can’t, CNN’s Sandee, Parija Kavilanz Organizations: CNN, Consumer, US Department of Agriculture’s Food, Nutrition Service, ”, US Centers for Disease Control, Natural Meat, World Health Organization, CDC Locations: United States, Turkey

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