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☆ SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
▼ + stars: | 2024-11-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.

Persons: SoftBank, —, Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance

☆ 3 CEOs preparing to raise prices if Trump enacts trade restrictions
▼ + stars: | 2024-11-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Economists say his tariff proposals could spike inflation as companies tend to pass costs on to consumers. Some companies have already said Trump's proposals would force them to increase prices. AdvertisementSome executives have warned that price hikes are on the way if President-elect Donald Trump's tariff plans go into effect. Executives have told analysts on earnings calls that it would be difficult to maintain current prices under Trump's broad tariffs. AdvertisementBelow are the companies that are warning of price increases if Trump's tariff proposals are implemented.

Persons: Donald Trump, —, Donald Trump's, Trump, Tarang Amin, Amin, AutoZone Philip Daniele, Daniele, Tim Boyle, Boyle, Stanley Black, Decker Donald Allan, Decker, Allan, Steve Madden, Edward Rosenfeld Organizations: Service, Federal Reserve, Columbia, Washington Post, Trump Locations: China, Columbia, Mexico

☆ A brief history of America's love affair with fluoridated water — and why it's now up for debate
▼ + stars: | 2024-11-12 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +13 min

Nearly 63% of the US population has fluoridated water flowing through their taps, according to the Centers for Disease Control and Prevention (CDC). Hawaii is the only US state without any fluoride in municipal taps; fluoridated water is only available there on military bases. As such, fluoridated water is now mandated on any military base with more than 3,300 people. Rumors have circulated that drinking fluoridated water can lead to bone cancer (osteosarcoma), but long-term studies from both the UK and US haven't found any credible evidence of higher rates in areas where people drink fluoridated water. Their review concluded that some studies of fluoride consumption have found links between higher fluoride water levels and lower IQs in kids.

Persons: Trump, he'll, —, Robert F, Kennedy Jr, Donald Trump's, Biden, Kennedy, He's, Mark Ralston, Leonard Ortiz, Nina Simone, Michael Ochs, Matthias Balk, Anthony Kim, Frank Albert Charles Burke, Obama, Ashley Malin, Malin, Oliva Organizations: RFK Jr, Service, Centers for Disease Control, Prevention, Getty, MediaNews, Orange, NBC, Environmental Protection Agency, Michael Ochs Archives, US Public Health Service, Waimanalo Health Clinic, Honolulu Civil, Calgary, US Department of Defense, Fairfax Media, National Toxicology, University of Florida, Denver, EPA Locations: New York, California, Colorado, Zhijin county, China, AFP, Midwest, Colorado Springs , Colorado, Oakley , Idaho, Arkansas, Grand Rapids , Michigan, , New Mexico, Hawaii, Honolulu, Canada, Alberta, Australia, United States, India, Iran, Pakistan, Mexico, Grand Rapids

Pitchfork announced that its annual Chicago music festival would not return in 2025. In an announcement on social media and on its website, the music publication said it made the decision after assessing the rapidly evolving "music festival landscape." “For 19 years, Pitchfork Music Festival has been a celebration of music, art, and community—a space where memories were made, voices were amplified, and the shared love of music brought us all together." Pitchfork Music Festival was founded in 2006 by the publication's founder Ryan Schreiber, ex-Pitchfork staffer Chris Kaskie and festival producer Mike Reed. It is unclear if the music festival will move forward in the other cities, but Pitchfork said in its statement that it "will continue to produce events in 2025 and beyond."

Persons: Pitchfork, Condé Nast, men’s, Ryan Schreiber, Chris Kaskie, Mike Reed, Alanis Morissette, Jamie xx, Carly Rae Jepsen Organizations: Pitchfork, Variety, Black Pumas, Pluto Locations: Chicago, Union Park, Paris, London, Mexico City

☆ FIFA must halt Saudi World Cup bid due to human rights issues, says Amnesty
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

FIFA must halt the process to pick Saudi Arabia as hosts of the 2034 World Cup unless major human rights reforms are announced before the vote next month, Amnesty International and the Sport & Rights Alliance (SRA) have said. A combined bid of Morocco, Spain and Portugal is the sole bid for 2030, while Saudi Arabia is the lone bidder for 2034. Amnesty and the SRA said they had evaluated the human rights strategies proposed by the bidding countries and concluded in a new report that neither bid adequately outlined how they would meet the human rights standards required by FIFA. “FIFA is implementing thorough bidding processes for the 2030 and 2034 editions of the FIFA World Cup,” a FIFA spokesperson said. However, it narrowly failed to win a seat on the United Nations Human Rights Council last month.

Persons: Steve Cockburn, Amnesty’s, “, ”, Hammad Albalawi, Cockburn, ” Cockburn Organizations: FIFA, Amnesty International, Sport & Rights Alliance, FIFA Congress, Amnesty, ” FIFA, Saudi, Britain’s Guardian, United Nations Human Rights Locations: Saudi Arabia, Morocco, Spain, Portugal, Australia, New Zealand, United States, Mexico, Canada, Brazil, Kingdom, Saudi, Qatar, Gulf

☆ Oil slips as U.S. storm threat eases, China stimulus disappoints
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. Oil consumption in China, the world's driver of global demand growth for years, has barely grown in 2024 as its economic growth has slowed, gasoline use has declined with the rapid growth of electric vehicles and liquefied natural gas has replaced diesel as a truck fuel. Oil prices have also eased after concerns about supply disruption from storm Rafael in the U.S. Gulf of Mexico subsided. More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline on Sunday, according to the offshore energy regulator. Looking ahead, uncertainty from policies under U.S. President-elect Donald Trump have clouded the global economic outlook although expectations that he could tighten sanctions on OPEC producers Iran and Venezuela and cut oil supply to global markets partly caused oil prices to gain more than 1% last week.

Persons: Tony Sycamore, Rafael, Donald Trump, refiners Organizations: Brent, West Texas, National People's Congress, ANZ, Central Economic Work Conference, U.S Locations: U.S, China, U.S . Gulf, Mexico, Iran, Venezuela

☆ ETF world buzzing about new cash flooding into funds seen winning from Trump trades
▼ + stars: | 2024-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."

Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico

☆ Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
▼ + stars: | 2024-11-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. Meanwhile, Vietnam's trade surplus with the U.S between January and September stands at $90 billion. U.S. data shows that the U.S. trade deficit with China narrowed to $279.11 billion in 2023, from $346.83 billion in 2016. Regardless of tariffs, Goldman still expects continued pressure for the relocation of certain supply chains from China to Southeast Asia, India or Mexico in particular.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Trump, Andrew Tilton, Tilton, Mr Trump, Trump's, Brian Tan, Mari Pangestu, Pangestu, Goldman Organizations: of, People, Pacific, Trump, U.S, United, Emerging Asia, Barclays Bank, FT Commodities Locations: Beijing, China, U.S, Asia, Korea, Taiwan, Vietnam, South, United States, India, Japan, Singapore, Thailand, Malaysia, Mexico, Indonesia, Trump, Southeast Asia

☆ COP29: As Trump’s win tests the world order, diplomats are fretting over what it means for the planet
▼ + stars: | 2024-11-11 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +8 min

A U-turn on US climate policy could be disastrous for the planet, as it raises the risk of emulation. When America does something on the world stage, at least some countries tend to follow. Ahead of Trump’s inauguration, negotiators will ramp down their expectations in terms of what’s possible at the talks, he said. President Luiz Inácio Lula da Silva, who will host the climate talks next year in Brazil, bowed out after a head injury. The world is already 1.3 degrees warmer than it was before humans started burning fossil fuels at an industrial scale.

Persons: CNN —, Donald Trump’s, Trump, ”, Oli Brown, ” Trump, they’ve, Mukhtar Babayev, Joe Biden, France’s Emmanuel Macron, Ursula Von Der Leyen, Claudia Sheinbaum, Olaf Scholz, Dick Schoof, Luiz Inácio Lula da Silva, Frederic J . Brown, Jonathan Pershing, Biden, “, Li Shuo, Trump’s, Joeri Rogelj, ” Rogelj Organizations: CNN, Union, Israeli, Maccabi Tel, Trump, Wilmington Oil, Getty, European Union, Asia Society Policy Institute, UN, Imperial College London Locations: Baku, United States, Paris, America, London, Mexico, Amsterdam, Maccabi Tel Aviv, Brazil, Wilmington, Los Angeles , California, AFP, China, EU, there’s

☆ Trump's tariffs will make it hard for automakers — including Tesla — to set up shop in Mexico
▼ + stars: | 2024-11-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.

Persons: Donald Trump, Elon Musk, —, Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí

☆ Deportations actually dropped under Trump during first presidency
▼ + stars: | 2024-11-11 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Given his rhetoric demonizing undocumented immigrants and his promise to engage in mass deportations when he returns to the White House in January, it’s kind of shocking that deportations actually dropped in the four years Donald Trump was president. Appearing Monday on Fox News, Homan said Trump 2.0 will be like his first term but with more deportations. During his first term, Trump also promised mass deportations. But that’s about half the 2.9 million deportations undertaken during Barack Obama’s first term and fewer than the 1.9 million deportations during Obama’s second term. It’s on par with Biden’s 1.49 million deportations, according to updated calculations Bush-Joseph shared with me.

Persons: CNN —, Donald Trump, It’s, Joe Biden’s, Trump, Tom Homan, Homan, “ It’s, it’s, Biden, ” Homan, Obama, Kathleen Bush, Joseph, Barack Obama’s, Bush, The Trump, ” Bush, David Bier, Bier, ” Bier, ‘, John Sandweg, CNN Sandweg, We’re, ’ you’re, ” Sandweg, ” Organizations: CNN, White, Customs, Fox News, Trump, Migration Policy, Obama’s, Cato Institute, ICE Locations: Mexico

Trump allies are discussing deportation and detention options, with tackling the US-Mexico border seen as a priority from Day 1. But advocates fear deportation plans will soon reach deeper into American communities, targeting people who they say have a right to live here. Supporters of then-Republican presidential candidate Donald Trump gather outside Shelby Park in Eagle Pass, Texas, on February 29, 2024, the day Trump visits the U.S.-Mexico border at Eagle Pass. Kena Betancur/AFP/Getty ImagesIn the urban heart of New York City, where thousands of migrants and asylum seekers have stretched local resources, some houses of worship are preparing to shift their missions. But Murad Awawdeh, president of the New York Immigration Coalition, warned that sanctuary laws won’t stop federal immigration agencies from doing what they want.

Persons: Donald Trump’s, Donald Trump, ”, Juan Proaño, Lee Gelernt, ” Mary Meg McCarthy, ’ Cesar Espinosa, he’s, “, Espinosa, Go Nakamura, Jorge Rivas ’, MAGA, Betty . Rivas, Shannon Douglass, Mario Tama, Betancur, Chloe Breyer, Trump, Eric Adams ’, Manuel Castro, Murad Awawdeh, ” Awawdeh, “ They’ve, Adrees Latif, Jose Luis Gonzalez, Jim Desmond, JD Vance, Desmond, ” Kenia, “ It’s, it’s, Los Angeles Mayor Karen Bass, —, Guillermo Arias, Jose Luis Perez Canchola, ” Perez Canchola, Isabel Turcios, CNN’s Priscilla Alvarez Organizations: CNN — Immigrants, Trump, CNN, League, United Latin American Citizens, American Civil Liberties Union, Immigrant Justice Center, Republican, U.S, Reuters, Getty, Interfaith, of New, New York Immigration Coalition, Federal, Customs, Border Protection, Immigration, Department of Homeland Security, Reuters U.S . Border Patrol, San Diego, of Supervisors, Patrol, San Diego Regional Chamber of Commerce, University of Southern, Los Angeles Mayor, Los Angeles Unified School District, DHS, ONE Locations: Mexico, United States, —, Shelby, Eagle Pass , Texas, Eagle, Catalina , Arizona, Tucson, El Salvador, California, Coachella , California, New York, Queens, AFP, New York City, of New York, ”, China, Turkey, Jacumba, Springs , California, Reuters U.S, Sunland Park , New Mexico, San Diego, San, San Diego County, Los Angeles, University of Southern California, LA county, Juventud, Tijuana, Baja California, Tijuana , Mexico, Piedras Negras, Mexican, Rio, Frontera

☆ The 'Trump trades' that also give you income as you wait for policies to come to fruition
▼ + stars: | 2024-11-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In addition, analysts had to predict further gains ahead — the stocks have at least 1% upside to the average price target, according to FactSet. Bank of America is among those on Wall Street that think the banks' move since Election Day has not been excessive. Citizens gained 30% from Election Day 2016 through the end of that year and jumped 14% on Wednesday. It added nearly 4% the day after the election and gained 18% from Election Day 2016 through the end of that year. Halliburton, which yields 2.3%, has the largest potential upside ahead — nearly 32% to the average price target.

Persons: Donald Trump, Jeremy Siegel, Ebrahim Poonawala, Trump, Piper Sandler, Mark Fitzgibbon, Keith Horowitz, Halliburton, Jeff Miller Organizations: Dow Jones, Wharton School, CNBC, Bank of America, UST, Trump, Regional Banking, Citizens Financial, Fifth Third Bancorp, Citizens, Fifth, Citigroup, Citi, Marathon Petroleum, Halliburton Locations: Gulf of Mexico

☆ Amnesty International warns FIFA of ‘real and predictable human cost’ of awarding 2034 World Cup to Saudi Arabia
▼ + stars: | 2024-11-11 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

CNN —Amnesty International has urged FIFA to halt the process of awarding Saudi Arabia the 2034 World Cup until major human rights reforms are announced. “FIFA is implementing thorough bidding processes for the 2030 and 2034 editions of the FIFA World Cup, in line with previous processes for the selection of hosts for the FIFA Women’s World Cup 2023 in Australia and New Zealand, the FIFA World Cup 2026 in the United States, Mexico and Canada and the FIFA Women’s World Cup 2027 in Brazil,” a FIFA spokesperson told CNN. Saudi Arabia is the only nation bidding for the 2034 World Cup. Yasser Bakhsh/Getty ImagesFollowing its investment in several sporting competitions, Saudi Arabia has outlined ambitious plans for the 2034 World Cup. “There will be a real and predictable human cost to awarding the 2034 World Cup to Saudi Arabia without obtaining credible guarantees of reform,” Cockburn added.

Persons: “, ”, Yasser Bakhsh, Steve Cockburn, ” Cockburn, Prince Mohammed bin Salman, Prince Abdulaziz bin Turki Al Faisal, FIFA ” Organizations: CNN, Amnesty, FIFA, Saudi, Amnesty International, Sport & Rights Alliance, Labour Rights, Human Rights Watch, Saudi Arabia Football Federation, Balkis Press, BBC Sport, ”, Moroccan, Portuguese Football Federation Locations: Saudi Arabia, Saudi, Spain, Portugal, Morocco, Australia, New Zealand, United States, Mexico, Canada, Brazil, Uruguay, Paraguay, Argentina, Casablanca, Spanish, Moroccan

☆ Meet the Press – November 10, 2024
▼ + stars: | 2024-11-10 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. In a Meet the Press interview during his 2016 run, he suggested that his insurgent bid could generate cross-party appeal. AMY WALTER:Yeah, and the other thing that, you know, Democrats have been dining off the anti-Trump coalition now since 2017. RAMESH PONNURU:I think Democrats wildly overestimated the power of the abortion issue to drive candidate choice as opposed to referendum. There would be pressure on the president, President Biden, to not run for reelection.

Persons: KRISTEN WELKER, DONALD TRUMP, PRES, JD VANCE, Donald Trump, KAMALA HARRIS, Kamala Harris, JOE BIDEN, John Barrasso of, Bernie Sanders, Garrett Haake, Amy Walter, Ramesh Ponnuru, María Teresa Kumar, it’s, Kristen Welker, Trump, SEN, TED, JOHN MORENO, JD Vance, MIKE JOHNSON, Biden, they've, NANCY PELOSI, Kamala, DEBBIE DINGELL, RITCHIE TORRES, DAVID AXELROD, ALEXANDRIA OCASIO, unquote, JON FAVREAU, Joe Biden's, JON LOVETT, Joe Biden, “, “ It's, … they're, I'm, Steve Kornacki, STEVE KORNACKI, Kristen, ”, Trump's, That's, You've, Donald Trump's, Harris, Barack Obama, John McCain, it's, Steve, They're, you've, Barrasso, Press . SEN, JOHN BARRASSO, Bill Clinton “, ” Donald Trump, JOHN, We've, He's, we've, that's, Lindsey Graham, He'll, Robert F, Kennedy Jr, Trump hasn't, Susie Wiles, we're, President Trump, John Kennedy, Bobby, Sanders, BERNIE SANDERS, Let's, Nancy Pelosi, I’m, James Carville, JAMES CARVILLE, I've, Sotomayor, Garrett, he's, GARRETT HAAKE, John Barrasso, Paul Ryan's, Amy, AMY WALTER, – KRISTEN WELKER, It's, –, María Teresa, David Noriega, Mario, DAVID NORIEGA, MIREYA ALVAREZ, MARIO ALVAREZ, MARÍA TERESA KUMAR, Ramesh, RAMESH PONNURU, Richard Nixon, Aaron Burr, didn't, he'd, They've, TERESA KUMAR, María, – MARIA TERESA KUMAR, Dobbs, should've, Harris would've, ” KRISTEN WELKER, We'll Organizations: Republicans, Senate, Vermont, NBC, Capitol Hill, National, Press, NBC News, Arizona, Democratic, Republican, REP, Twitter, Trump, Republican Senate, Supreme, White, National Political, Republican Party, Democratic Party, Biden, Senate Republican, Press ., Trump's, United States Senate, Justice Department, Democrat Party, Security, Social Security, FDR, they're, California, Mr, Trump swiped, Democrats, –, Veterans Locations: United States of America, United States, John Barrasso of Wyoming, Washington, American, ALEXANDRIA, CORTEZ, USA, America, California, New York, Wisconsin, Madison , Wisconsin, Milwaukee County, Harris, Arizona, Pennsylvania, Mexico, Vermont, Nancy, Congress, U.S, Texas –, Texas, Philadelphia

President-elect Donald Trump has won Arizona, NBC News projects, putting its 11 electoral votes in his column after he narrowly lost the state to President Joe Biden in 2020. A fast-growing Latino population and a revolt against Trump among some old-line Republicans put the once-red state into battleground territory. And Biden’s 2020 win in Arizona was just the second time in 28 years that Arizona’s electoral votes went to the Democratic presidential nominee. Arizona was the second-closest state in the country in the 2020 presidential race, with Biden beating Trump by just 0.3 percentage points (10,457 votes). And the state was a good fit for the two issues at the center of Trump’s campaign: the economy and immigration.

Persons: Donald Trump, Joe Biden, Trump’s, Kamala Harris, Hillary Clinton, Trump, Harris, battlegrounds Trump Organizations: Arizona, NBC News, Sun, GOP, Democratic, Trump, Biden, Harris Locations: Arizona, Mexico, , Arizona

☆ Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests
▼ + stars: | 2024-11-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Sen. Rick Scott, R-Fla. — one of three lawmakers vying to succeed Sen. Mitch McConnell, R-KY, as Senate majority leader — suggested Sunday that Trump would probably need Congress' help. "The tariffs, that most likely is going to require 60 [votes in the Senate] unless there's some way we can get that done through reciliation with 51 [votes]," Scott said on Fox News "Sunday Morning Futures." It avoids a filibuster, which requires 60 votes to overcome. Trump has vowed across-the-board tariffs of 10% to 20% on all imports arriving into the United States and at least a 60% tariff on Chinese imports. Economic experts dispute whether Trump's tariff plan, especially the tax on global imports, can be done via executive action.

Persons: Donald Trump, Sen, Rick Scott, Mitch McConnell, —, Trump, Scott, He's, Alan Wolff, Jason Furman, Obama Organizations: Fox News, Representatives, Deere & Co, World Trade Organization, Trump, Harvard University, of Economic Advisers, CNBC Locations: United States, Mexico, U.S

☆ What Trump's mass deportation plan would mean for immigrant workers and the economy
▼ + stars: | 2024-11-10 | by ( Kevin Williams | ) www.cnbc.com time to read: +13 min

Mass deportation would exacerbate this economic issue, say employers and economists. Leverant says it is still being determined how jobs lost from a mass deportation would be filled. "Looking at specific occupations, about one-quarter of farm workers, agricultural graders, and sorters are undocumented workers. "One of the natural problems with undocumented workers, we don't know how many are here because they are undocumented. A mass deportation is not possible without crippling economic impact," he said.

Persons: Donald Trump, Donald J, Trump, Jason Leverant, Leverant, Chad Prinkey, AtWork, Janeesa Hollingshead, Hollingshead, Uber, Trump's, David Leopold, Leopold, Kristen Welker, isn't, they're, Nan Wu, Wu, Prinkey Organizations: U.S, White, TPS, AtWork, American Progress, American Immigration Council, American Community Survey, Pew Research Center, Consulting, Uber Works, American Immigration, Citizenship, Immigration Services, Trump, NBC News, AIC, USDA, Conservative, CNBC Workforce, cnbccouncils.com, wec Locations: Mexico, Eagle, , Texas, Piedras Negras, U.S, United States, Madison, New York, Greensfelder, California, Prinkey, Boston, Austin

☆ These stocks have major upside because of potential Trump policies, analysts say
▼ + stars: | 2024-11-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

CNBC Pro combed through the most recent Wall Street research to find companies analysts really like heading into 2025 based on potential Trump policies. They include General Motors, Ford Motor, Robinhood , Coinbase , GE Aerospace and Goldman Sachs. "We see F and GM as the main beneficiaries from the Trump administration," analyst John Murphy wrote. GE Aerospace The aerospace company has pricing power, according to Deutsche Bank analyst Scott Deuschle, who says GE can benefit under a Trump administration. "Additionally, we think GE could be among the largest beneficiaries of this potential trend within our aerospace coverage," Deuschle said.

Persons: Donald Trump's, Goldman Sachs, Trump, John Murphy, Murphy, Robinhood Needham, John Todaro, Todaro, Coinbase, Scott Deuschle, Deuschle, Coinbase – Needham, – Needham, HOOD, Wells Organizations: White, CNBC, General Motors, Ford Motor, GE Aerospace, Ford, General Motors Bank of America, Trump, GM, Senate, Deutsche Bank, GE, GOP White House, GM – Bank of America, SEC, GE Aerospace – Deutsche Bank, GS Locations: Mexico

☆ Georgia’s pecan harvest was devastated by Hurricane Helene. Farmers are on the brink.
▼ + stars: | 2024-11-09 | by ( John Towfighi | ) edition.cnn.com time to read: +6 min

Hurricane Helene affected at least 48,000 acres of pecan trees, according to UGA. The overall economic impact of Hurricane Helene on Georgia’s entire agriculture industry is estimated at $6.46 billion, according to UGA. Hurricane Helene was also crippling for farmers in Georgia because it hit just six years after Hurricane Michael, Wells said. ‘Not… a single pecan’Moses said the damage from Hurricane Helene means she and her husband “will not harvest a single pecan” this season. At the Moses pecan farm, Taylor Moses said she and her husband have had long, emotional conversations about whether to replant their pecan trees.

Persons: CNN — Taylor Moses, Hurricane Helene, Moses, Arren, ” Moses, “, you’ve, it’s, Helene, Lenny Wells, Wells . Hurricane Helene, Hurricane Michael, Wells, Michael, ” Wells, Tyler Harper, Harper, ”, Moses pecan, Georgia Department of Agriculture Chris Harrell, Harrell, ‘, ’ Moses, Greg Fonsah, Brad Rubin, ” Rubin, Laura Shenkar, Shenkar, ” Shenkar, Taylor Moses Organizations: CNN, Department of Agriculture, UGA, Hurricane, Georgia’s, Agriculture, Georgia Department of Agriculture, Southern Roots Nuts, Southern Roots, Wells, Food Institute Locations: Georgia, ” Georgia, —, Hurricane, Wells . Hurricane, Uvalda , Georgia, New Mexico

☆ A 59-year-old who prioritized work and family got fit after a health scare. Aged 72, he's a medal-winning athlete who works out daily.
▼ + stars: | 2024-11-09 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Tom Simek got fit at 59 after being diagnosed with osteoporosis and high cholesterol. Now 72, he's competed in "American Ninja Warrior" and won medals in the National Senior Games. The retired building contractor based in Santa Fe had spent his working life prioritizing his family and business over his health. 4) Better sleep"When you're fit, your mind works better, and you sleep better," Simek said. And research shows that being physically active is linked to better sleep quality, according to Dr. Charlene Gamaldo, the medical director of Johns Hopkins Center for Sleep.

Persons: Tom Simek, he's, —, Simek, Elizabeth Morris, Charlene Gamaldo Organizations: National Senior Games, Service, Senior, NBC, University of Michigan, Senior Games, Mobility, BMC Health Services Research, Experimental Gerontology, Johns Hopkins Center for Sleep Locations: Santa Fe, New Mexico

The exact number of people who could face deportation after arriving in the U.S. legally is not known, but it is estimated to be in the hundreds of thousands. Trump’s plan to end the two Biden programs comes as the president-elect’s promised plan to carry out mass deportations is taking clearer shape. The sources cautioned, though, that they may not be considered top priorities for deportation after Trump takes office, but could still be deported eventually. Since the migrants entered the U.S. legally, any attempt by Trump to deport them will likely be challenged in court by various groups. Trump used a similar policy at the end of his first term when the U.S. deported migrants from third countries to Guatemala.

Persons: Donald Trump’s, Biden, elect’s, Trump, Trump’s Organizations: U.S, NBC News, Biden, NBC, Migrants, Trump, CBP, Enforcement Locations: U.S, United States, Cuba, Haiti, Nicaragua, Venezuela, Mexico, China, Guatemala

☆ Her wife died and she went on a cruise. Then she met a fellow passenger who changed her life forever
▼ + stars: | 2024-11-08 | by ( Francesca Street | ) edition.cnn.com time to read: +27 min

“But Bobbi didn’t.”At the end of the 10-day cruise, Tam disembarked thinking how Bobbi was very different from their ex-husband. Tam & Bobbi WatermanAlmost 1,000 miles apart, Tam and Bobbi stayed in touch via instant messages and social media updates. Tam & Bobbi WatermanAs Bobbi started living authentically in 2023, she and Tam also started preparing for the trip of a lifetime. So when they learned about Royal Caribbean’s Ultimate World Cruise, a nine-month long world cruise setting sail in December 2023, the couple jumped at the chance. “That was the hardest thing on the world cruise, because my passport was my old name and my old gender.

Persons: Bobbi Waterman, Bobbi, Bobbi didn’t, didn’t, Tam Asbury, Tam, ” Bobbi, —, ” Tam, “ I’d, ”, they’d, “, I’d, Tam couldn’t, Bobbi hadn’t, ’ ”, “ Bobbi, Tam didn’t, We’ve, They’ve, who’d, “ Tam, ’ Tam, ‘, she’d, Tam’s, Bobbi’s, ” Tam’s, Tam Waterman, Bobby, ‘ You’re, ’ I’d, Bobbi Waterman Bobbi, NASA —, ’ ” Bobbi, She’d, “ I’ve, stepgranddaughters, she’s, You’ve, Bobbi Waterman “, you’ve, nothing’s, Tam marveled, ” They’re, there’s, ” “ Organizations: CNN, CNN Travel, NASA, ”, Skype, Amsterdam’s, Royal, Melbourne Airport, New Zealand, eBay, YouTube, Mount Fuji Locations: Fiji, American, Florida, Australia, Pacific, Melbourne, “, Amsterdam, Netherlands, Budapest, Hungary, Paris, Europe, London, Northern, Bobbi, Sydney, Perth, New, Connecticut, Alaska, Bobbi’s, Boulder , Colorado, Hawaii, America, Tam of Florida, Bobbi’s Florida, Mexico, Tam, Japan, Antarctica, Brisbane, Hong Kong, Vietnam, Grenada, Spain, Portugal

☆ Hurricane Rafael moves across Gulf of Mexico as a rare major November storm while Cuba recovers
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +1 min

Rafael was moving west across the Gulf of Mexico Friday morning as the first major hurricane in the Gulf of Mexico in November for almost 40 years, bringing the threat of life-threatening conditions to the southern United States coastline. Forecasters said the storm could cause dangerous surf and rip-tides across the whole Gulf region in the coming days, after causing havoc in Cuba where millions are still without power. ET Rafael was 585 miles east of the mouth of the Rio Grande with sustained wind speeds of 120 mph, making it a Category 3 hurricane, moving west at a rate of 9 mph, the National Hurricane Center said. Rafael is now tied with Hurricane Kate in 1985 as the strongest storms recorded in the Gulf. The storm is expected to weaken throughout the weekend, but it could still produce tropical storm-force winds — which is between 39 and 73 mph — up to 115 miles from its center.

Persons: Rafael, Hurricane Kate, Miguel Díaz Organizations: National Hurricane Center Locations: Gulf, Mexico, Gulf of Mexico, United, Cuba, Rio

☆ Mubi cancels film festival in Turkey after Daniel Craig film ‘Queer’ is banned
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

“Queer” — releasing in the U.S. with A24 — world premiered in Venice to positive reviews. After the festival, Mubi acquired the film for multiple territories, including the U.K., Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, Turkey and India and all rights excluding theatrical in Italy. This ban not only targets a single film but also undermines the very essence and purpose of the festival. For this reason, MUBI has decided to take the position that our audience expects from us. It is with deep regret that we inform you of our decision to cancel the entire MUBI Fest Istanbul.

Persons: Mubi, Luca Guadagnino’s “, William S, Burroughs, Daniel Craig, —, MUBI, ” Organizations: Fest, MUBI Fest Locations: Turkey, Fest Istanbul, Mexico, U.S, Venice, Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, India, Italy, MUBI, MUBI Fest Istanbul, Kadıköy District Governorate, Istanbul

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