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☆ Opinion: Trump and the upside-down world
▼ + stars: | 2023-10-01 | by ( Richard Galant | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —The title on the cover of Cass R. Sunstein’s 2021 book, “This is not normal,” is printed upside down. The beginning of a Trump-backed House Republican inquiry into impeaching President Joe Biden with no clear evidence of his wrongdoing. A last-ditch move Saturday kept federal agencies funded for 45 days while putting more aid to Ukraine in jeopardy. Bill Bramhall/Tribune Content AgencyOn Monday, a New York judge found Trump and his adult sons liable for insurance and bank fraud and canceled the Trump Organization’s business certification.

Persons: Cass R, ” Sunstein, Ronald Reagan, “ Donald Duck, Donald Trump, Joe Biden, Trump, “, ”, Kevin McCarthy’s, Clay Jones, Mike Lawler, Rosa Cruz, Rob Rosenthal, Brian Riedl, Walt Handelsman, Biden, MAGA, John Avlon, ’, Bill Bramhall, Frida Ghitis, —, Ghitis, Phil Hands, Julian Zelizer, Steven Lubet, Judge Chutkan, Dean Obeidallah, Menendez, Hal Boyd, Sen, Tim Scott, Ron DeSantis, Scott, ” Scott, Lyndon, “ you’ve, ” Jeff Yang, Chris Christie’s, ‘, Donald Duck ’, Mike Pence’s, Walter Mondale, Nikki Haley’s, South Carolina Sen, Vivek Ramaswamy, TikTok, whittling, Haley, ” Sophia Nelson, ” Lisa Benson, GoComics.com, James Antle III, Todd Graham, David Axelrod, Musa al, Republicans –, –, Nick Anderson, Agency Cassidy, Evelyn Hockstein, Cassidy Hutchinson, Nicole Hemmer, Hutchinson, …, Alyssa Farah Griffin, Liz Cheney, Alexander Butterfield, Melissa S, Jason L, Riley, Jill Filipovic’s, Robert F, Kennedy Jr, Peter Bergen, Kennedy, Vladimir Putin, Brian Bowen Smith, ABC Gerry Turner, Deborah Carr, Gerry Turner, Turner, ” Don’t, Jill Filipovic, Dianne Feinstein, Matthew F, West Point Vincent, David A, Adam Larson, Michael D, Smith, Travis, Taylor Dana Summers, Taylor Swift, Travis Kelce, ” Rick Reilly, Colgate, Tay, Frankie de la, it’s Organizations: CNN, Republican, Ronald Reagan Presidential, Trump, Chiefs, Department of Labor, Wesleyan University, Agency, MAGA Republican, Pew Research Center, NBC, Republicans, GOP, “, Florida Gov, New, New Jersey Gov, Democratic, UAW, Tribune, White House, Legislative Affairs, White, Street, ” RFK, ABC, Chicago, Corps, Kansas City Chiefs, New York Jets, Washington Post, NFL Locations: Milwaukee, Simi Valley , California, Ukraine, New York, Washington, Tempe , Arizona, New Jersey, Cupp, South Carolina, Florida, Michigan, Michigan , Pennsylvania, Wisconsin, Gharbi, West Point

☆ Bankman-Fried trial poses biggest test to date for crypto's top cop
▼ + stars: | 2023-09-29 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

Bankman-Fried's will be the first of Williams' blockbuster white collar cases to go to trial. The cases Williams, 43, has brought so far show he has been a "steward" of the SDNY's longstanding priorities, said Kan Nawaday, who overlapped with Williams at the office. Prosecutors had described the cases as the first insider trading cases brought involving digital assets. Williams' charges against Bankman-Fried came just one month after FTX's collapse, which former prosecutors say is very fast for a complex white collar case. WILLIAMS HAS STRUGGLED WITH SELF-DOUBTBankman-Fried's trial comes after some setbacks and amid ongoing challenges for Williams' office.

Persons: Damian Williams, Mike Segar, Sam Bankman, Williams, Charlie Javice, Bill Hwang, Joe Lewis, Javice, Hwang, Lewis, Kan Nawaday, He's, Venable, Prosecutors, Alex Mashinsky, WILLIAMS, SDNY's, John Paul Stevens, General Merrick Garland, Garland, Joe Biden, Bob Menendez, Menendez, Fried, Joshua Naftalis, Pallas, Brian Benjamin, haters, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Attorney, Southern, of, REUTERS, U.S, Yale Law School, Archegos Capital Management, Supreme, Allianz's U.S, Allianz, Bankman, New, Columbia Law School, Thomson Locations: Manhattan, New York City , New York, U.S, of New York, English, Jersey, Bahamas, Caribbean, New York, Bronx, Georgia

☆ Tigers lead Royals in game suspended after 4 innings
▼ + stars: | 2023-09-28 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

Mandatory Credit: Brian Bradshaw Sevald-USA TODAY Sports Acquire Licensing RightsSeptember 28 - The game between Detroit and the visiting Kansas City Royals on Wednesday night was suspended after four innings due to rain with the Tigers leading 4-0. The regularly scheduled Thursday game will begin approximately 40 minutes after the conclusion of the suspended game. Miguel Cabrera, who is retiring at the end of the season, blasted his fourth homer of the season and 511th of his career in the second inning. Rain fell for much of the contest and picked up after the fourth inning, forcing the umpires to call a delay. Cabrera jumped on the first pitch of the second inning, lining it to the opposite field.

Persons: Edward Olivares, Brian Bradshaw Sevald, Miguel Cabrera, Tyler Nevin, Rain, Tarik Skubal, Skubal, Jonathan Bowlan, Cabrera, Angel Zerpa, Andy Ibanez, Nevin Organizations: Kansas City Royals, Comerica Park, Detroit, Tigers, Royals, Kansas City, Thomson Locations: Detroit , Michigan, USA, Detroit

☆ Botswana reassessing HB Antwerp deal after Lucara Diamond cuts ties
▼ + stars: | 2023-09-28 | by ( Brian Benza | ) www.reuters.com time to read: +2 min

An over 1,000-carat uncut stone by Lucara Diamond is pictured during a press availability in New York City, New York, U.S., September 20, 2021. Lucara Diamond said on Thursday it had ended its agreement with HB Trading BV, a unit of HB Antwerp, following what it called "a material breach of financial commitments by HB". Diamond processor and trader HB Antwerp earlier this month removed one of its three co-founders, Oded Mansori, from management following differences over strategy. Mansori, who co-founded HB Antwerp in 2020 with partners Shai de Toledo and Rafael Papismedov, said he was taking them to court over his removal. HB and Lucara first entered into a diamond sales agreement in 2020, which was extended for 10 years in 2022.

Persons: Lucara Diamond, David, Dee, Delgado, Mokgweetsi Masisi, Masisi, Oded, Shai de Toledo, Rafael Papismedov, Lucara, Brian Benza, Nelson Banya, Mark Potter, Jan Harvey Organizations: REUTERS, Rights, HB Antwerp, HB Trading, HB, Okavango Diamond Company, Lucara, Thomson Locations: New York City , New York, U.S, Rights GABORONE, Belgian, Botswana

☆ Apple's revenue from products made in China could plummet to less than a third in the next five years, a top investor says
▼ + stars: | 2023-09-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Apple has become a revenue-generating machine thanks in large part to products made in China. Apple's revenue from products made in China could drop to less than a third of overall revenue. AdvertisementAdvertisementApple's dependence on China for manufacturing could drastically drop within the next five years, with revenue from products manufactured in the country projected to plummet to less than a third, analysts said. Deepwater Asset Management's managing partner Gene Munster and research analyst Brian Baker predicted on Monday that revenue from Apple products manufactured in China could drop from an estimated 40-45% today to 25-30% by 2027. AdvertisementAdvertisementIndia increasingly looks like it will provide that alternative, Munster and Baker said, with around half of the revenue projected to be lost from products manufactured in China estimated to go to the sub-continent state.

Persons: —, Gene Munster, Brian Baker, Luxshare, Baker, Muster Organizations: Apple, Service, Asset, Munster, Huawei Locations: China, Beijing, Washington, India

☆ Oppenheimer says this pizza stock is an 'under-appreciated revival story' heading into 2024
▼ + stars: | 2023-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Oppenheimer has regained its appetite for Domino's Pizza shares. Analyst Brian Bittner named the Michigan-based pizza chain a top pick and raised his price target to $450. "We view DPZ as an under-appreciated revival story into '24, and elevate the idea into our 'top picks,'" Bittner said in a note to clients Tuesday. But Bittner tied that past pessimism to a downward revision cycle that he now believes has ended. "Following an updated analysis, we believe EPS estimates have bottomed and identify self-help catalysts for a positive revision cycle set to unfold," he said.

Persons: Oppenheimer, Brian Bittner, Bittner, Domino's, there's, optionality we've, — CNBC's Michael Bloom Organizations: Pizza, SSS Locations: Michigan

☆ Third-quarter earnings will be pretty good, says BMO's Brian Belski
▼ + stars: | 2023-09-25 | 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 EmailThird-quarter earnings will be pretty good, says BMO's Brian BelskiBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Closing Bell' to discuss drops in the indexes, the trajectory of next year's energy costs, and more.

Persons: Brian Belski Brian Belski Organizations: BMO Capital Markets

☆ Opinion | Democrats Shouldn’t Indulge Their Oldest Officials
▼ + stars: | 2023-09-25 | by ( Brian Beutler | ) www.nytimes.com time to read: +2 min

President Biden’s advanced age (80) gets rehashed endlessly, because the human condition makes it inescapable. A deft politician can wait out almost any other liability: Scandals and gaffes fade over time; the economy bounces back; governing errors can be corrected. But Mr. Biden will never be (or appear) younger than he is today. The party has come to operate more like a machine, in which lengthy, loyal service must be rewarded with deference. It is why Mr. Biden has not drawn a credible primary challenger, when polling and reporting alike suggest that Democrats are deeply anxious about his ability to mount a vigorous campaign and serve another full term.

Persons: Biden’s, Biden Organizations: Democratic Party, Democratic, Republicans

☆ Watch CNBC's full interview with Brian Belski, Bryn Talkington, and Emily Roland
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Brian Belski, Bryn Talkington, and Emily RolandBrian Belski, chief investment strategist at BMO Capital Markets, Bryn Talkington, Requisite Capital Management managing partner, and Emily Roland, John Hancock Investment Management co-chief investment strategist, join 'Closing Bell' to discuss the state of the markets.

Persons: Brian Belski, Bryn Talkington, Emily Roland Brian Belski, Emily Roland, John Organizations: BMO Capital Markets, Bryn, Capital Management, John Hancock Investment Management

☆ Interest rates stay higher because the economy's good and stocks are following suit: BMO's Belski
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates stay higher because the economy's good and stocks are following suit: BMO's BelskiBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Squawk on the Street' to discuss how the economy evades elevated rate risks, whether macroeconomic pressures could impact seasonality, and more.

Persons: BMO's, Brian Belski Organizations: BMO Capital Markets

☆ These 28 stocks will be the biggest winners from rising interest rates, according to a strategy chief who believes this market rally will continue to defy expectations
▼ + stars: | 2023-09-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"Instead, we have found that returns tend to be slightly below average and interestingly a bit less volatile compared to lower interest rate levels." "Our work shows that US stocks can perform quite well in a higher interest rate environment despite perceptions to the contrary," Belski wrote. US interest rates are set between 5.25% and 5.5%, which is the highest range since mid-2007. Federal ReserveAfter decades of dormancy, it's unsurprising that many investors have misconceptions about interest rates' impact on stocks. Investors can continue to ride this market rally by targeting stocks with limited leverage and plenty of free cash flow since interest rates are still high.

Persons: Brian Belski, they've, Belski, they're Organizations: BMO Capital Markets, BMO, Federal, Technology, BMO Capital, BMO wasn't, Investors

☆ Don't let the tax break drive your search for munis. How to find the right fit for your portfolio
▼ + stars: | 2023-09-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Income investors love municipal bonds for their tax advantages, but they may not necessarily be making the best choice for their portfolio. The interest earned on munis is generally exempt from federal income tax and, in some cases, state tax. That means a muni bond yielding 3.7% can reach over 6% on a tax-adjusted basis for those in the highest tax bracket. For instance, if muni bonds are yielding 3% and Treasurys are at 4%, the answer is 0.75. "If your tax rate is above that number, you should buy munis," Pate said.

Persons: Richard Carter, Brian Barney, Fidelity's Carter, Wesly Pate, muni, " Pate, Carter, Paul Malloy, Pate, Barney, Research's Pate Organizations: Fidelity, Management, Vanguard Locations: munis, muni, Boston

☆ BMO says stocks can do just fine at times of high rates — especially these cash kings
▼ + stars: | 2023-09-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is becoming more comfortable with the story line that interest rates are set to remain higher for longer, according to BMO Capital Markets. While often thought of as a death knell for equities, BMO's chief investment strategist Brian Belski posits that the prospect of higher interest rates won't entirely upend stock prices. Instead, he says, investors need to be pickier and should eye businesses with less leverage and strong free cash flow. "Nonetheless, not all areas of the market are created equal within the context of higher interest rates," Belski said. CRM YTD mountain Salesforce stock.

Persons: Brian Belski, Belski, San, — CNBC's Michael Bloom Organizations: BMO Capital Markets, Federal, AMD, Adobe, BMO, Chevron Locations: San Ramon , California

KANSAS CITY, Mo. (AP) — The Kansas City Chiefs are trending toward having at least one of their missing All-Pros on Sunday in Jacksonville. Chiefs coach Andy Reid said Monday that tight end Travis Kelce, who hyperextended his knee in practice last week, has been progressing in his recovery. "Travis is getting better," Reid said. There were spurts of good and there were spurts of not-so good, and we were in position to win the game.

Persons: Andy Reid, Travis Kelce, Reid, Rick Burkholder, Travis, “, Patrick Mahomes, Kadarius Toney, Brian Branch, Noah Gray, Blake Bell, We'll, ” Reid, it's, Chris Jones, Jason, Michael Katz, Jones, ”, Brett Organizations: KANSAS CITY, The Kansas City Chiefs, Chiefs, Lions, NFL, Kansas City, Jaguars Locations: KANSAS, Mo, The, Jacksonville, Detroit, Indianapolis

Amon-Ra St. Brown had six catches for 71 yards and a score, and Lions rookie Brian Branch returned Patrick Mahomes' first pick in an opener 50 yards for another touchdown as Detroit snapped the Chiefs' eight-game Week 1 winning streak. The Lions were trying to run out the clock when Goff had a fourth-down pass near midfield batted down with 2:30 left, giving the Chiefs a chance. When it fell incomplete and Detroit took over, Montgomery ran for a first down that allowed the Lions to run out the clock. Mahomes finished with 226 yards passing and two touchdowns, despite his receivers dripping a slew of passes. He also was the leading rusher for the Chiefs, whose self-inflicted wounds proved too much to overcome.

Persons: — Jared Goff, David Montgomery, Amon, Ra St, Brown, Brian Branch, Patrick Mahomes, Goff, Kadarius Toney, Skyy Moore, Mahomes heaving, Montgomery, Mahomes Organizations: KANSAS CITY, Lions, Detroit, Super Bowl, Kansas City Chiefs, Chiefs Locations: KANSAS, Mo

☆ BMO says its bull case scenario of S&P 500 at 5,050 is 'becoming increasingly more likely'
▼ + stars: | 2023-09-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The stock market is set up for a year-end rally that could blow away Wall Street estimates, according to BMO Capital Markets. The U.S. stock market has outpaced expectations for much of 2023, largely shaking off higher interest rates and the regional bank crisis in the spring. Even with an August slump for the stock market, the S & P 500 is still up 16% year to date. .SPX YTD mountain The S & P 500 is up 17% year to date. Belski's official year-end prediction for the S & P 500 is still 4,550, which is about 1.2% above where the index closed Tuesday.

Persons: Brian Belski, Belski, — CNBC's Michael Bloom Organizations: BMO Capital Markets, Chief, CNBC Market, Federal Reserve Locations: U.S

☆ The enthusiasm surrounding Apple needs to be tempered, says Virtus' Joe Terranova
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe enthusiasm surrounding Apple needs to be tempered, says Virtus' Joe TerranovaCNBC's Halftime traders Steve Weiss, Liz Young, Joe Terranova, and Brian Belski discuss Apple as the company is set to release new products.

Persons: Virtus, Joe Terranova CNBC's, Steve Weiss, Liz Young, Joe Terranova, Brian Belski Organizations: Apple

☆ Watch CNBC's 'Halftime Report' investment committee weigh in on Apple as shares fall under pressure
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's 'Halftime Report' investment committee weigh in on Apple as shares fall under pressureCNBC's Halftime traders Steve Weiss, Liz Young, Joe Terranova, and Brian Belski discuss Apple as the company is set to release new products.

Persons: Steve Weiss, Liz Young, Joe Terranova, Brian Belski Organizations: Apple

☆ Apple stock falls on China iPhone ban report. What the pros are saying
▼ + stars: | 2023-09-06 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple falls on report of China restricted iPhone usage. Here's what the pros sayJoe Terranova of Virtus Investment Partners, Brian Belski of BMO Capital Markets, Steve Weiss of Short Hills Capital and Toni Sacconaghi of Bernstein discussed Apple after the Wall Street Journal reported that China restricted the use of foreign-branded devices, including iPhones by its government officials.

Persons: Joe Terranova, Brian Belski, Steve Weiss, Toni Sacconaghi, Bernstein Organizations: Virtus Investment Partners, BMO Capital Markets, Short Hills Capital, Apple, Wall Street Journal Locations: China

☆ Hollywood strike, Yellow bankruptcy likely restrained US job growth in August
▼ + stars: | 2023-09-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

As such, economists are cautioning against reading too much into any sharp deceleration in job gains when the Labor Department's publishes its closely watched employment report on Friday. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in July, according to a Reuters survey of economists. Still, employment growth would be more than the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Yellow Corp trucking filed for Chapter 11 bankruptcy in early August, leaving about 30,000 workers unemployed. "This (job growth) would be one more piece of evidence that would be consistent with that, but that also depends a lot on the upcoming inflation data."

Persons: Elizabeth Frantz, it's, Brian Bethune, Nonfarm, payrolls, Conrad DeQuadros, Dean Maki, Ellen Zentner, Morgan Stanley, Lucia Mutikani, Nick Zieminski Organizations: REUTERS, Labor, Boston College, Labor Department's Bureau of Labor Statistics, American Federation of Television, Radio Artists, Yellow Corp, Brean, Point72, Management, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Stamford , Connecticut

☆ OpenAI launches ChatGPT Enterprise, the company's biggest announcement since ChatGPT's debut
▼ + stars: | 2023-08-28 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

OpenAI on Monday announced its biggest news since ChatGPT's debut: It's launching ChatGPT Enterprise, the AI chatbot's business tier, available starting Monday. ChatGPT Enterprise includes access to GPT-4 with no usage caps, performance that's up to two times faster than previous versions, and API credits. One key differentiator between ChatGPT Enterprise and the consumer-facing version: ChatGPT Enterprise will allow clients to input company data to train and customize ChatGPT for their own industries and use cases, although some of those features aren't yet available in Monday's debut. When asked how ChatGPT Enterprise compares with Bing Chat Enterprise, Microsoft's enterprise AI chatbot, an OpenAI representative told CNBC, "This is an OpenAI product independent of Microsoft. The biggest obstacle to ChatGPT Enterprise's development was figuring out how to prioritize features, Lightcap told CNBC.

Persons: OpenAI, Brad Lightcap, Lightcap, Estée Lauder Cos, Andreessen Horowitz, Brian Burke, ChatGPT, Bard chatbot, Bing, Claude 2, Sam Altman, — Organizations: Monday, ChatGPT, CNBC, ChatGPT Enterprise, Beta, Microsoft, Sequoia Capital, Gartner, Fortune, Google

Hawaiian Electric CEO Shelee Kimura received a cash bonus in 2022 based on her performance against 10 measures including profit and customer satisfaction. Wildfire risk mitigation was not on the list, according to the utility’s pay disclosures. Wildfire risk had been a concern for several years before the blaze ripped through Lahaina, a historic resort town in Maui. Idacorp declined to comment on its pay practices and how they relate to wildfire mitigation. “You don’t want a wildfire disaster to be the catalyst for a change in public policy,” said Glazer, who supports linking executive pay to wildfire mitigation.

Persons: Mike Blake, ”, Alison Silverstein, Shelee Kimura, Kimura, “, Michael Cerasoli, Michael Underhill, Brian Buckham, ” Buckham, Idacorp, Larry Glazer, Glazer, Tim McLaughlin, Tom Hals, Peter Henderson, Noeleen Walder, Rich Valdmanis, Marguerita Choy Organizations: Workers, REUTERS, Hawaiian Electric, U.S . Federal Energy Regulatory, Electric, Hawaii Wildfire Management Organization, San Diego Gas &, Global Renewable Energy Income Fund, Reuters, Capital Innovations, SEC, Portland General Electric Co, Boston’s Mayflower Advisors, Thomson Locations: Lahaina, Maui, Hawaii, U.S, California, Honolulu, Maui ., Idaho , Oregon, Washington, Idaho

☆ Deutsche Bank says this financial stock is an even bigger buy after a recent pullback
▼ + stars: | 2023-08-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The recent dip in Charles Schwab shares provides a promising entry point for investors, according to Deutsche Bank. While this news likely rekindled worries about Schwab's client cash sorting, liquidity and capital levels, Deutsche analyst Brian Bedell thinks these concerns are "overblown." He said it does not see any significant changes to Schwab's client cash withdrawal behavior, the company's earnings profile, liquidity position or capital levels. The analyst added expects client cash levels to modestly grow in 2024 and pick up in 2025. As of now, attrition levels are tracking approximately in-line with initial expectations, Bedell said.

Persons: Charles Schwab, Brian Bedell, Bedell, Schwab, Michael Bloom Organizations: Deutsche Bank

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ The August volatility reflects seasonal profit-taking, says BMO's Brian Belski
▼ + stars: | 2023-08-18 | 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 EmailThe August volatility reflects seasonal profit-taking, says BMO's Brian BelskiKari Firestone, Steve Weiss, Josh Brown, and Brian Belski join 'Halftime Report' to discuss seasonal market trends, what to buy amid the current dip, and market headwinds from student loan repayment starting and China's financial woes.

Persons: Brian Belski Kari Firestone, Steve Weiss, Josh Brown, Brian Belski

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