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A new poll showed Kamala Harris had a surprise 3-point lead over Trump in Iowa. A Des Moines Register/Mediacom poll by Selzer & Co. published on Saturday showed Harris with a three-point lead in the state. On Kalshi, the popular US-based prediction platform, Harris' odds of winning the election have soared from 35% on October 29 to 51% at the time of writing. The Iowa poll surveyed 808 likely voters between October 28 and October 31, with a 3.4-point margin of error. The results marked a sharp swing from September when the same poll showed Trump ahead by four points.
Persons: Kamala Harris, Kalshi, , Donald Trump, Harris, Trump, Polymarket Organizations: Trump, Iowa, Service, Des Moines Register, Selzer Locations: Iowa
The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. Eight other Club names reported earnings last week, including Eli Lilly and Eaton. Despite indications from Big Tech that Nvidia's AI chips will remain in hot demand, the Club stock fell 4.3% for the week. The S & P 500 , which is less tech-weighted, fell nearly 1.4% for the week, making it back-to-back weekly losses for the broader market index. Earnings After analyzing earnings reports from 14 of our portfolio companies last week, there is only one Club name on the docket this week.
Persons: Eli Lilly, Eaton, Jim Cramer, financials Goldman Sachs, Kamala Harris, Donald Trump, Harris, Trump, That's, Jerome Powell, We're, we'll, Archer, Johnson, Jim Cramer's, Jim, Brendan McDermid Organizations: Nasdaq, Devices, Apple, Microsoft, Big Tech, Club, Nvidia, Dow, Intel, AMD, Dow Jones, Visa, American Express, JPMorgan, Bond, Federal Reserve, Boeing, Treasury, White, DuPont, Election, Protection, Electronics, Industrial, Constellation Energy, Marriott, Century Fox, Wynn Resorts, WYNN, Goodyear Tire, Cirrus, Diamondback Energy, Daniels, Midland, Apollo Global Management, Ferrari, Restaurant Brands, Emerson Electric, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Teva Pharmaceutical Industries, Cedar Fair Entertainment, Toyota, American Electric Power Company, Johnson Controls, Dine Brands, Holdings, AMC Entertainment, Qualcomm, Coty, COTY, Energy, Barrick, Halliburton, HAL, Hershey, Air Products & Chemicals, Warner Bros ., Arista Networks, Rivian Automotive, Trade, Icahn Enterprises, Sony, SONY, Paramount, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: BlackRock, Florida, China, Sluggishness, Cleveland, New York City, U.S
Chloë Grace Moretz opened up about her sexuality as she endorsed Kamala Harris. "I believe in the need for legal protections that protects the LGBTQ+ community as a gay woman," Moretz said. AdvertisementChloë Grace Moretz opened up about her sexuality in an Instagram post in which she endorsed Kamala Harris ahead of Tuesday's presidential election. "I voted early and I voted for Kamala Harris. "We need protections in this country and to have access to the care we need and deserve."
Persons: Chloë Grace Moretz, Kamala Harris, Moretz, Harris, , Grace Moretz, Carrie, Kate Harrison, Brooklyn Beckham, Victoria Beckham, David Beckham, Tim Walz, Matthew Hatcher Organizations: Service, Democratic, Getty, Minnesota Gov Locations: San Francisco, California
Taiwanese Coast Guard personnel work on a vessel off the coast of Nangan Township, in the Matsu Islands on Oct. 15, 2024, a day after China conducted the "Joint Sword-2024B" military drills around Taiwan. Taiwan's defense ministry said on Sunday it had spotted 35 Chinese military aircraft, including fighters and bombers, flying to the island's south on the way to exercises in the Pacific, a second day in a row it has reported such activities. China's defense ministry did not respond to a request for comment on the missions, reported just days before Tuesday's U.S. presidential election. The United States is bound by law to provide Taiwan with the means to defend itself, and its arms sales to Taipei, including a $2 billion missile system announced last month, infuriate Beijing. Taiwan's defense ministry said that from 9 a.m. (0100 GMT) on Sunday it had detected 37 Chinese military aircraft, including J-16 fighters, nuclear-capable H-6 bombers and drones.
Organizations: Coast Guard, U.S, infuriate Locations: Nangan Township, Matsu, China, Taiwan, Pacific, Taipei, United States, infuriate Beijing
The clock is ticking on the New York Times’ iconic election needle. The New York Times Tech Guild announced that its members will go on strike on the eve of one of the most critical elections in the nation’s history if an agreement isn’t reached on a contract as soon as possible. The NYT Tech Guild comprises about 700 tech workers, including software engineers, designers, product managers and data analysts who build the newspaper’s most profitable products — like its website, podcasts and games. The New York Times has not responded to a request for comment. Much of the New York Times’ homepage on election night is dominated by graphics and other visual components, including the famous Needle, a data visualization that resembles a car’s speedometer.
Persons: isn’t, , Kamala Harris, Donald Trump Organizations: New York Times, New York Times Tech Guild, NYT Tech, Times, The New York Times
And earlier this year, the company made further moves to de-emphasize political content on Instagram, Facebook, and Threads. Meanwhile, half of the 18- to 29-year-olds surveyed by the Pew Research Center saying they watch political content on TikTok. No one on social media has the answer to what will happen in Tuesday's election. Anxiously reposting or liking election content may feel like the only thing we can do as the clock ticks down. For now, the best way to alleviate that anxiety might be to get off social media until Tuesday passes.
Persons: Kamala Harris, Donald Trump's, Trump, MAGA, Trump's, Harris, Joe Biden, Trump megadonor Elon Musk, It's, Musk, Ioana Literat, Megan Smith, ProPublica, Tracy Clayton, Sol Messing, Messing, Instagram, Michelle Obama, we've, it's, that's Organizations: Trump, Trump megadonor, Republican, Pew Research Center, Columbia University's Teachers College, Social Media, Facebook, Meta, Pew Research, New York University's Center for Social Media, Politics, Twitter, Musk's America PAC Locations: Florida, Texas, California, Philadelphia, . New Hampshire, Virginia, Pennsylvania, United States, Washington, New, Ohio
Anxiety over the US election could be hurting some workers' productivity. One boss is considering letting his employees work remotely in the weeks after the election. She said some workers will be busy hitting refresh on news and social sites, looking for insight into how the election might swing. Yet that doesn't mean being overly indulgent or letting workers focus too long on issues that aren't germane to the business. Despite the widespread election worries, not every indicator signals that the vexing political climate is throwing off most workers.
Persons: , AJ Gareffa, they've, Gareffa, Macey, Felix Kim, he's, Kim, Gabriella Kellerman, Kellerman, Dorie Clark, That's, Clark, Christine Porath, Chapel Hill's, Porath, Discourtesy, it's, Gartner, hadn't, doesn't, It's Organizations: Service, Business, American Psychological Association, APA, Columbia Business School, University of North, Chapel, Flagler Business School, Human Resource Management Locations: Livonia , Michigan, Detroit, ResumeBuilder.com, New York City, University of North Carolina, Michigan
Grant is not alone in picking unique names. On Tuesday's episode of "Jimmy Kimmel Live," Grant recalled the process of choosing middle names for his children. "And he said, 'Kevin,' because that was his favorite Minion," Grant recalled, referring to the character on "Despicable Me." Earlier in the show, he reflected on his middle names, "John Mungo." With the rise of social media, more parents are seeking uncommon names, baby name consultants previously told BI.
Persons: Hugh Grant, Kevin, Grant, , Jimmy Kimmel, Anna Eberstein, Lulu Danger Grant, Eberstein, Tinglan Hong, John Mungo, Grant didn't, Colleen Slagen, Slagen, Kayla Naab, it's Organizations: Service, Business Insider, BI Locations: Blue
A British Airways plane turned around midway through a 10-hour journey. AdvertisementA British Airways plane turned around while halfway across the Atlantic Ocean, meaning passengers endured a nine-hour flight to nowhere. "We're sorry for the delay in our customers' travel plans after their aircraft experienced a minor technical issue," a British Airways spokesperson told Business Insider. It was not the first time in recent months that BA passengers have suffered a flight to nowhere. AdvertisementIn June, a Boeing 787s turned around after flying 2,300 miles to Canada's Newfoundland after a technical problem was detected.
Persons: Organizations: British Airways, Service, Boeing, London Gatwick Locations: Costa Rica, London, Europe, Newfoundland
A growing number of wealthy Americans are making plans to leave the country in the run-up to Tuesday's election, with many fearing political and social unrest regardless of who wins, according to immigration attorneys. While talk of moving overseas after an election is common, wealth advisors said this time many of the wealthy are already taking action. Volek said that for the first time, wealthy Americans are far and away the company's largest client base, accounting for 20% of its business, or more than any other nationality. He said the number of Americans making plans to move abroad is up at least 30% over last year. A survey by Arton Capital, which advises the wealthy on immigration programs, found that 53% of American millionaires say they're more likely to leave the U.S. after the election, no matter who wins.
Persons: Robert Frank, We've, Dominic Volek, Volek, David Lesperance, Lesperance, it's Organizations: Henley & Partners, Associates, Arton
Police arrested an 18-year-old wielding a machete with an 18-inch blade outside a polling station in Florida Tuesday, who was part of a group of teenagers accused of intimidating Democratic supporters. The teenager, Caleb James Williams, was arrested after 4 p.m. when officers were called to the Beaches Branch Library in Neptune Beach. Caleb James Williams captured wielding a machete outside a polling station in Neptune Beach, Fla., on Tuesday. Neptune Beach Police DepartmentPolice chief Michael J. Police have sought to assure people that the polling station and other sites in the county remain safe for voters.
Persons: Caleb James Williams, Williams, Donald Trump, Kamala Harris, Michael J, Key, , Daniel Henry, Harris, Walz, Duval Organizations: Police, Democratic, Beaches Branch, Neptune, Neptune Beach Police Department, Neptune Beach Police Department Police, Duval County Democratic Party, Beaches Library, Trump, Duval GOP, NBC Locations: Florida, Beaches, Neptune Beach, Fla, Duval County
The report was messy, but it doesn't dim Eli Lilly's bright multiyear outlook, rendering the dip in the stock as a chance to buy. LLY .SPX 5Y mountain Eli Lilly's five-year stock performance compared with the S & P 500. Bottom line We're upgrading Eli Lilly to our buy-equivalent 1 rating and leaving our price target of $1,000 a share unchanged. Eli Lilly Why we own it: Eli Lilly's best-in-class drugs should enable growth above the industry average for many years to come. Eli Lilly's new Alzheimer's drug Kisunla, which was approved by the FDA in July, was not a major focus on the call.
Persons: Eli Lilly, Eli, Eli Lilly's, Jim Cramer, Jim, , that's, David Ricks, Ricks, Semaglutide, Wegovy, Lilly, There's, Mounjaro, Trulicity, Verzenio, Jim Cramer's, Cristina Arias Organizations: Revenue, The Club, CNBC, JPMorgan, Novo Nordisk, Food, Novo Nordisk's, FDA, Zepbound, Biogen, Merck, Pfizer, Morphic, Company, Pharmaceutical Locations: Tuesday's, U.S, Novo, Eisai, FactSet, Zepbound, Alcobendas, Madrid, Spain
A group of former CEOs published an op-ed Tuesday endorsing Kamala Harris for president. AdvertisementA group of former CEOs who led major US companies — including American Airlines, LinkedIn, Xerox, and American Express — made the case for Kamala Harris in an op-ed one week before Election Day. The 17 business leaders said they were voting for Harris because they thought she'd be better for the economy than former President Donald Trump. AdvertisementOther business leaders have publicly supported Trump, including Blackstone CEO Stephen Schwarzman, who said this week that Trump would be "efficient and effective." Meanwhile, some business leaders have avoided taking a position publicly even if they support one candidate or another in private.
Persons: Kamala Harris, Donald Trump, Elon Musk, , American Express —, Harris, she'd, Reid Hoffman, Doug Parker, Ken Chenault, Michael Lynton, Trump, Musk, Stephen Schwarzman, Jeffrey Sonnenfeld, they're Organizations: Trump, Elon, Service, American Airlines, LinkedIn, Xerox, American Express, Sony, Blackstone, Yale School of Management, Leadership Institute Locations: Fortune, America, Swatara Township , Pennsylvania
Microsoft set to report quarterly results after the close
  + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. Mobility and security services, along with some Windows revenue, will now be part of the Productivity and Business Processes unit, which includes Office software. Analysts expect $24.04 billion in revenue from the Intelligent Cloud segment that includes Azure cloud infrastructure. Amazon , which leads the cloud infrastructure market, is slated to report results after the close on Thursday. During the quarter, Microsoft worked to help customers recover after a flawed update to CrowdStrike security software brought down Windows PCs globally.
Persons: Satya Nadella, OpenAI Organizations: Partnership for Global Infrastructure, Microsoft, Productivity, Gartner, Windows, BlackRock, UBS, Capital, Nasdaq Locations: Borgo, Savelletri, Italy
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Then there were selloffs in Club stocks Eli Lilly and Advanced Micro Devices after their earnings releases. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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.
Persons: Jim Cramer, Eli Lilly, Lilly's, AMD's financials, Stanley Black, Decker, Estee Lauder, Jim Cramer's, Jim Organizations: CNBC, Dow, Caterpillar, Devices, Nasdaq, Microsoft, Starbucks, MGM Resorts, Linde, Merck, ConocoPhillips, Mastercard, Roblox, Myers, Jim Cramer's Charitable Locations: Bristol
Shares of Boeing have slipped 41% this year, weighed down by a slew of headwinds including quality control issues and, most recently, a machinists strike. The strike began last month and was prolonged last week after the union rejected Boeing's latest labor proposal . BA YTD mountain Boeing YTD chart Harned expressed his doubt that Boeing would be able to pull off a recovery in the short term. The strike has also worsened Boeing's free cash flow outlook, which is now "materially worse" than Harned's prior estimates. The analyst sees about $4 billion in negative free cash flow for the fourth quarter and about $5 billion in negative free cash flow for 2025.
Persons: Bernstein, Douglas Harned, , Kelly Ortberg, Harned Organizations: Boeing Locations: Tuesday's
Chipotle says it's tried to ensure "consistent and generous portions" after customer complaints. The move and unusual price fluctuations for avocados have hit the chain's profitability. Profit margins for the chain suffered last quarter due to a concerted effort to provide "consistent and generous portions" in every order, the company said Tuesday. "We are committed to ensuring that we give the right portion to every guest that walks into the building." Related storiesWhile that's good news for Chipotle diners, the chain said it was partly the reason for a hit to profitability in the last fiscal quarter.
Persons: Chipotle, it's, , Scott Boatwright, Adam Rymer Organizations: Service, New York Locations: Chipotle, New York City
Additionally, Reddit guided for fourth-quarter revenue of between $385 million and $400 million, while analysts had estimated an average of $357.9 million. Josey wrote that Reddit's continued user growth and engagement gains have boosted the company — and should continue to do so. JPMorgan analyst Doug Anmuth raised his price target to $110 from $77, while Bank of America analyst Justin Post lifted his target price to $99 from $84. These updated objectives respectively imply that Reddit stock could rise 35% and 21% from its Tuesday close. Shmulik's $85 price target, raised from $65, is just 4% higher than the stock's Tuesday closing price.
Persons: Reddit, LSEG, Ronald Josey, Josey, Reddit's, Morgan Stanley, Doug Anmuth, Justin Post, Brian Nowak's, Bernstein, Mark Shmulik, Shmulik, Jekyll, Hyde, that's Organizations: Citi, Bank of America, JPMorgan Locations: Reddit, Tuesday's
An Australian one dollar coin sits atop a United States one dollar bill in this illustration photo taken February 12, 2016. The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. The ADP employment report is due later in the day, ahead of the potentially crucial monthly payrolls report on Friday. "The U.S. dollar continues to garner strong support as markets adjust their rate path expectations," said James Kniveton, senior corporate FX dealer at Convera.
Persons: James Kniveton, Kniveton, Donald Trump, Rachel Reeves, Keir Starmer, Liz Truss Organizations: Reserve Bank of Australia, Federal Reserve, U.S ., Reserve Bank, Australia's, U.S, Treasury, Republican, European Central Bank, Sterling, Labor Locations: States, U.S, Australia, Europe
Snap's revenue growth was attributed to AI features and growth in Snapchat+ users. Spiegel said Snap has also introduced AI tools for creators, which it has been pushing to onboard onto the platform recently. However, Snap projected that the current quarter will only see the number of users grow by 8 million to 451 million. Related storiesPaid subscribers and AI are boosting SnapThe CEO also attributed the revenue growth to paid subscriptions. Snap's 443 million user base is small compared to Meta's 3.3 billion users, and TikTok's more than 1 billion users, both of which it directly competes with for ad revenue.
Persons: , Evan Spiegel, Spiegel, James Heaney Organizations: Service, Google, Jefferies
Reddit stock skyrocketed more than 40% higher on Wednesday — a stunning market reaction Jim Cramer suggested was warranted given the company's blowout third-quarter earnings results . Cramer touted the social platform for its growth prospects around ad revenues, calling it the "holy grail" for advertisers. "Reddit is a place where advertisers need to be," Steve Huffman, CEO and co-founder of Reddit, said on Tuesday's "Mad Money." Reddit also has a massive amount of user data that it can monetize to train artificial intelligence models. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free .
Persons: Jim Cramer, Reddit, Cramer, Steve Huffman, Cramer's, Jim Cramer's Organizations: Cramer's Charitable Trust, CNBC
Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell. Wall Street expects Meta Platforms to post third-quarter earnings of $5.25 per share, up from $4.39 a year ago, per LSEG. For Microsoft, EPS and revenue are expected to reach $3.10 and $64.51 billion, respectively, for the fiscal first quarter . Meta Platforms For Meta Platforms, analysts are hunting for signs that AI is continuing to boost the company's core product and advertising spending. Microsoft Microsoft faces a tougher bar headed into the print, with many analysts leaning toward caution as the company lags some of its megacap peers and underperforms the Nasdaq Composite.
Persons: haven't, Davidson, Gil Luria, Citi's Ronald Josey, Citi's Josey, Mark Mahaney, Barton Crockett, Mark Shmulik, Bank of America's Justin Post, Keith Bachman, Citi's Tyler Radke, Morgan Stanley's Keith Weiss, Weiss, Goldman Sachs, Kash Rangan, Azure's Organizations: Meta, Microsoft, D.A, Revenue, Google, Bank of America's, Microsoft Microsoft, Nasdaq, BMO Capital Markets, BMO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's behind the latest odds in 2024 presidential election: Nate SilverNate Silver lays out all the reasons he thinks Donald Trump is more likely than Kamala Harris to win the election in an interview with CNBC's Jon Fortt at Tuesday's CNBC Technology Executive Council Summit in New York City.
Persons: Nate Silver Nate Silver, Donald Trump, Kamala Harris, CNBC's Jon Fortt Organizations: CNBC Technology Locations: New York City
A California judge on Tuesday sentenced David DePape, the man who broke into former House Speaker Nancy Pelosi’s home and attacked her husband with a hammer, to life behind bars without the possibility of parole. DePape had previously been sentenced to 30 years in prison for federal crimes connected to the Oct. 28, 2022, attack in the upscale Pacific Heights neighborhood of San Francisco. San Francisco District Attorney Brooke Jenkins said DePape is "now being held accountable" for acts that are a "danger to democracy." "Mr. DePape has been convicted of crimes both federally and locally reflecting the public's unanimous condemnation," Jenkins said in statement after Tuesday's sentencing. "Recognizing the seriousness of his crimes and the danger to democracy that Mr. DePape posed he is now being held accountable and will spend the rest of his life in prison without the possibility of parole."
Persons: David DePape, Nancy Pelosi’s, DePape, Brooke Jenkins, Jenkins Organizations: San Francisco . San Locations: California, Pacific Heights, San Francisco ., San Francisco . San Francisco
It came hours after the Israeli parliament outlawed a key United Nations aid agency in a move that could throttle the supply of medicine, food and education in the devastated territory. Gaza airstrike kills dozensThe strike hit a five-story building in the northern city of Beit Lahia housing some 200 people, according to the Gaza government media office. The Israel Defense Forces did not immediately respond to a request for comment on Tuesday's airstrike from NBC News. The law bans UNRWA, the U.N.'s Palestinian aid agency, from operating inside Israel or having any contact with Israeli authorities. But Israel has long criticized UNRWA, alleging it has been infiltrated by Hamas and intensifying that pushback after Oct. 7.
Persons: , Sheikh Naim Kassem —, Hassan Nasrallah, Kamal Adwan, It's, Philippe Lazzarini, Matthew Miller Organizations: Hezbollah, Palestinian Health Ministry, Health Ministry, Israel Defense Forces, NBC News, AFP, Getty, West Bank, UNRWA, State Locations: Gaza, Nations, Lebanon, Iran, Beit, Beit Lahia, Israel, United States, Washington, Canada, Australia, France, Germany, Japan, South Korea, Britain
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