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☆ The Pre-Market Rundown: September 19, 2024
▼ + stars: | 2024-09-19 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Hezbollah calls pager attack a 'declaration of war,' raising fears
▼ + stars: | 2024-09-19 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

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Organizations: Business

☆ Amazon's RTO policy is the right decision, according to a Gen Z founder who said most of his employees come in 5 days a week
▼ + stars: | 2024-09-19 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

He founded an AI startup in 2023 and told BI the majority of his 14 employees come in five days a week. "Remote work benefits people who are more stable in their career at the expense of people who are junior," he said. BI has reported on multiple Gen Z employees who feel isolated and restricted by their remote working environment. Advertisement"If you're a new grad and you're starting a job and you just work a remote job, you're just shooting yourself in the foot," he said. He told BI, "Four or five years ago, this was the norm," adding, "Why are we even thinking remote work is normal?"

Persons: —, Jeffrey Wang, Wang, Everyone's Organizations: Service, Plaid, Harvard, Business, Tech, Networking, BI Locations: San Francisco, Hawaii

☆ Trump Media stock drops as lockup expiration set to give the former president clearance to sell shares
▼ + stars: | 2024-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Shares dropped as much as 4% as a lockup period was set to expire. Following the lockup, Trump can dump his shares, though he's said he wouldn't sell. AdvertisementTrump Media & Technology Group shares dropped to their lowest level since the company went public earlier this year as a lockup period preventing insider selling was set to expire. The company went public in March, with shares spiking to all-time highs above $70 shortly after, before steadily declining in the following months. AdvertisementOnce the lockup period is over, the Republican presidential candidate has the all-clear to start selling his stock.

Persons: Trump, he's, — Organizations: Trump Media, Service, Trump Media & Technology Group, CNBC, Republican

☆ Melinda French Gates says CEOs who cut sleep to maximize productivity are 'so dumb': 'Some of us didn't want to be around them'
▼ + stars: | 2024-09-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Melinda French Gates believes it's "so dumb" to try and maximize productivity by getting only a few hours of sleep. French Gates said, referencing CEOs and tech entrepreneurs who promote, in her eyes, a form of performative sleep deprivation. He's since changed his tune, and now aims for at least six hours of sleep per night, he told CNBC last year. Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates — French Gates' ex-husband — have shared similar stories. Now, he aims for a minimum of seven hours of sleep each night, he said.

Persons: Melinda French Gates, she's, Gates, who've, Indra Nooyi, Donald Trump, Marissa Meyer, Elon Musk, Tesla, I've, Musk, Jeff Bezos, Bill Gates, —, Bezos Organizations: PepsiCo, Former U.S, CNBC, Microsoft Locations: Former

☆ Mark Cuban wants to take out Chinese knockoffs, and he says Kamala Harris is on the same page
▼ + stars: | 2024-09-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says he's talking to the Harris campaign about combating Chinese knockoffs. Cuban said knockoffs are a "plague on small businesses" and "may put them out of business." Go to newsletter preferences Thanks for signing up! AdvertisementBillionaire investor Mark Cuban says he's working with Vice President Kamala Harris' campaign to find ways to protect American companies from Chinese knockoffs. In an X post on Wednesday, Cuban said he "had an interesting conversation with the @KamalaHarris team about protecting American companies from Chinese Knockoffs."

Persons: Mark Cuban, Harris, counterfeiters, —, Kamala Harris, Cuban Organizations: Service, Business

☆ JetBlue to open airport lounges in New York and Boston in battle for big spenders
▼ + stars: | 2024-09-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

In this article JBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue planes at JFK's Terminal 5 in New York. Leslie Josephs | CNBCJetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers. The lounges will open at the carrier's hubs in New York late next year followed by Boston, JetBlue said Thursday. She said JetBlue doesn't want to disappoint customers if they aren't able to get into the lounges because they are too crowded. The highest-tier of JetBlue's loyalty program and holders of the new premium card will get free access to the lounge for one guest.

Persons: Leslie Josephs, John F, Jayne O'Brien, JetBlue's Organizations: JetBlue, CNBC JetBlue Airways, Barclays, Delta Air Lines, United Airlines, American Airlines, JetBlue's Mint, Kennedy International, Boston Logan International, Airbus, CNBC Locations: New York, Boston

☆ Fall is the best time to visit Disney World. As a former employee, here are 9 of my favorite things to do in the parks.
▼ + stars: | 2024-09-19 | by ( Kayleigh Price | ) www.businessinsider.com time to read: +1 min

I worked in several locations across Disney World, and fall is my favorite time to visit the parks. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementI had the pleasure of working at Disney World, and fall is my absolute favorite time of year to be in the parks. After years of working in and visiting the parks, I've compiled a list of some of the best things to do, see, and eat at Disney World in the fall.

Persons: —, I've Organizations: Disney, Magic, Epcot, Service Locations: Florida

☆ The company behind Sam Altman's iris-scanning ID startup just revealed new tech. Its privacy chief explains how it works.
▼ + stars: | 2024-09-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. The one person that can access that information is the owner of the world ID — the user.

Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya

☆ Norwegian unveiled plans for a new cruise ship — complete with a roller coaster waterslide and night club to take on Royal Caribbean
▼ + stars: | 2024-09-19 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Norwegian Cruise Line says its 3,550-guest Norwegian Luna will debut in 2026. Luna could be a good option for families who prefer a new build but don't enjoy mega cruise ships. Go to newsletter preferences Thanks for signing up! AdvertisementIf you're tired of only hearing about ultra-large cruise ships or ultra-expensive small ones, Norwegian Cruise Line has the answer. On Wednesday, the popular cruise company unveiled details of Norwegian Luna, its next Prima Plus Class ship.

Persons: Norwegian Luna, Luna, — Organizations: Cruise Line, Service, Cruise, Norwegian Luna, Prima, Business Locations: Norwegian

☆ We're trimming a bank stock on a post-Fed pop and still considering swapping it for another
▼ + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

The S & P 500 gave up post-Fed gains Wednesday and closed modestly lower. Morgan Stanley should have a decent pop when trading opens because lower interest rates should boost parts of its business , including investment banking. MS YTD mountain Morgan Stanley YTD We thought Morgan Stanley's share price was too low to sell when we held our September Monthly Meeting last week. Based on premarket prices, Morgan Stanley shares were hovering around $101, representing a much better level to take some off. One more factor behind our trim is that the S & P Short Range Oscillator remained in overbought territory after Wednesday's close.

Persons: Morgan Stanley, Jim Cramer's, Stocks, Morgan Stanley's, Goldman Sachs, Morgan Stanley YTD, We'll, Jim Cramer, Jim Organizations: Federal Reserve, CNBC

☆ The Pre-Market Rundown 2: September 19, 2024
▼ + stars: | 2024-09-19 | 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 Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
▼ + stars: | 2024-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth. The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBernard Arnault was the richest person on the planet six months ago; now he's flirting with fifth place.

Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Elon Musk, Jeff Bezos Organizations: Service, Tesla, Amazon, Bloomberg, Business Locations: Arnault

Read previewNew details about Sean "Diddy" Combs' Miami mansion were uncovered as part of his bond hearing this week. The legal team also noted that Combs satisfied the $18.8 million mortgage on the Star Island home in August, anticipating criminal charges. AdvertisementOther homes on the island go for even more than the $48.5 million Combs' home was appraised at. Comparable sales listed in the appraisal report for Combs' Miami mansion. Besides the Star Island home, he owns a mansion in Los Angeles that he recently put on the market for $61.5 million.

Persons: —, Sean, Diddy, Combs, Marc Agnifilo, Agnifilo, David LEFRANC, Ken Griffin, Griffin, Alex Rodriguez, Gloria, Emilio Estefan, Forbes, Sean John, Andy Warhol, Jean, Michel Basquiat Organizations: Service, feds, Business, Miami, singer's, Research, Miami -, Star, Advanced Research, Bad Boy Records, Cîroc, Diageo, Combs Enterprise, Combs Locations: Miami, Miami - Dade, cabanas, Biscayne Bay, Miami Beach, Los Angeles

☆ Jim Cramer explains why he's not worried about the Fed's aggressive rate cut
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"You need to know that a rate cut is never bad for stocks, as long as it's telegraphed," he said. "A large rate cut, as long as it's communicated to the media with plenty of time in a considered way, is also acceptable." Investors were anticipating interest rate cuts for some time, with most convinced the Federal Reserve would issue a September cut, but unsure whether it would be by 25 or 50 basis points. By Thursday's close, Wall Street seemed more confident about the cut. Cramer added that a double rate cut means even more cash will flow in from the sidelines.

Persons: CNBC's Jim Cramer, Thursday's, Cramer, you'll Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Fed, Big Tech Locations: homebuilding, cyclicals

"Ultimately shirking fiduciary responsibility to employees, consumers, and shareholders." Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts. She emphasized that LGBTQ+ consumers have $1.4 trillion of buying power, as reported by the National LGBT Chamber of Commerce. But a small, well-funded, and extreme group of right-wing activists is attempting to pressure companies into abandoning their DEI programs. Abandoning DEI will have long-term consequences on business success -- ultimately shirking fiduciary responsibility to employees, consumers, and shareholders.

Persons: Bill Ackman, Molson Coors, Harley Davidson, George Floyd, Forman, Kelley Robinson, CNBC's, Robinson, Brown, Lowe's, John Deere, Harley, Davidson, Edelman Organizations: National Action Network, Molson, Ford, Tractor Supply, Human Rights, HRC, Brown, National LGBT Chamber of Commerce, Molson Coors, . Tractor Supply, Companies, McKinsey & Company, Pew Locations: New York City, Rural, United States

☆ 8 Midwest chains we wish were available nationwide
▼ + stars: | 2024-09-19 | by ( Zoë Miller | ) www.businessinsider.com time to read: +1 min

Some of the most beloved fast-food chains in the US are based in the Midwest. The Midwest is also home to a few non-burger chains like Graeter's Ice Cream and Runza. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here are some fast-food chains from the Midwest that we wish were available across the country. Note: Some of these chains have a few locations outside the Midwest, but since they're based in the Midwest and primarily serve that region of the US, they're included on this list.

Persons: —, it's, they're Organizations: Service Locations: ButterBurgers, Midwest

☆ This was the best news I've heard from the Fed in years, says Wharton's Jeremy Siegel
▼ + stars: | 2024-09-19 | 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 EmailThis was the best news I've heard from the Fed in years, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the Fed's interest rate decision, why he was 'pleasantly surprised' by the 50 basis point cut, rate path outlook, and more.

Persons: I've, Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ Microsoft CEO Satya Nadella is ready to move on from Sam Altman's ousting drama
▼ + stars: | 2024-09-19 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Microsoft's CEO said Sam Altman's brief ousting from OpenAI feels like a "long-lost memory." Microsoft is building its own AI model, MAI-1, while OpenAI recently unveiled its latest model, o1. Go to newsletter preferences Thanks for signing up! AdvertisementSam Altman's sudden ousting from OpenAI stunned the tech industry only last November, but Microsoft's CEO has already moved on from the drama. During the 2024 Fast Company Innovation Panel, Satya Nadella said that Altman's brief expulsion feels like "a long-lost memory."

Persons: Sam Altman's, OpenAI, —, Satya Nadella, Altman Organizations: Microsoft, MAI, Service Locations: OpenAI

☆ The Fed's interest-rate cut put Trump even more at odds with the central bank
▼ + stars: | 2024-09-19 | by ( Ayelet Sheffey | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 50 basis points, the first cut Americans have received in over four years. AdvertisementHe's argued in the past that the Fed would only cut rates close to the election to aid Democrats, which he reiterated leading up to the central bank's announcement. Trump sought to use his presidential power to appoint members to the Fed board who supported his unorthodox views of the central bank. Trump has flip-flopped his views on his most important appointment to the Fed: Powell. Trump's tepid support of Powell underlines just how mercurial he can be when it comes to the central bank.

Persons: —, Donald Trump isn't, Jerome Powell, Trump, they're, He's, Powell, Judy Shelton, Shelton, Sen, Susan Collins, Herman Cain, Stephen Moore, Michelle Bowman, Christopher Waller, he's, reappoint Powell, Trump hasn't Organizations: Service, Federal, Market Committee, Democratic, Business, Federal Reserve, Street, Trump, Bloomberg, Fox, Fed, Governors, Maine Republican, Fed Board, Bloomberg News Locations: New York, Michigan, Maine

☆ I went behind the scenes at a world-famous doughnut shop. Take a look inside.
▼ + stars: | 2024-09-19 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I recently went behind the scenes at The Holy Donut, one of the most famous doughnut shops in Maine. The Holy Donut opened in 2012 and has grown into a local institution. Take a look at how The Holy Donut makes its most popular treats and its big plans for the future. Go to newsletter preferences Thanks for signing up! AdvertisementPushing through the front doors of The Holy Donut, I was greeted by the downright heavenly smell of fresh-brewed coffee and sweet icing.

Persons: —, hadn't Organizations: Service, Business Locations: Maine

Amelia is the latest generative AI tool that Amazon has brought to market in the past year as it seeks to capitalize on the hype sparked by OpenAI's ChatGPT. The company has introduced an AI-powered shopping assistant named Rufus, a chatbot for businesses dubbed Q and Bedrock, a generative AI service for cloud customers. More than 400,000 of Amazon's millions of third-party sellers have used its AI listing tool, up from 200,000 in June, he said. With Amelia, Amazon is counting on generative AI to help with a key issue for third-party merchants — account troubleshooting. Amazon said the tool uses retrieval-augmented generation, or RAG, a popular AI industry framework that combines generative AI with long-established methods of information retrieval.

Persons: Nathan Stirk, Amelia, OpenAI's ChatGPT, Rufus, Anthropic, Andy Jassy, Jassy, Thos Robinson, it's, Dharmesh Mehta, Mehta Organizations: Getty, Central, CNBC, New York Times, Google, Microsoft, Merchants Locations: New York City, Seattle .

☆ 15 little-known facts about Phoebe that even die-hard 'Friends' fans may not know
▼ + stars: | 2024-09-19 | by ( Amory Rose | ) www.businessinsider.com time to read: +7 min

Even long-time "Friends" fans may not know some of the most intriguing facts about Phoebe, played by Lisa Kudrow. Phoebe once paused her vegetarian dietLisa Kudrow as Phoebe Buffay on "Friends." When she was younger, Phoebe mugged RossAfter Ross and Phoebe are mugged in season nine, Ross says the same thing happened to him as a teenager. AdvertisementRoss was the first of the friends that Phoebe metLisa Kudrow as Phoebe Buffay and David Schwimmer as Ross Geller. However, Phoebe mugged Ross 18 years before season nine, so she actually met Ross before meeting any of the other friends.

Persons: —, Phoebe Buffay, Phoebe, Lisa Kudrow, NBC Phoebe, Joey, isn't, Lily, Bob Balaban, Frank Buffay, Phoebe's, it's, he's, Frank Jr, Ursula Phoebe, Ursula, Chandler, Paul Rudd, Phoebe doesn't, Ross, Susan, Mike, Kudrow, David Schwimmer, Ross Geller, NBCUniversal, Monica, Rachel, She's, Denise, David Hume Kennerly Organizations: Service, Business, NBC, Getty Locations: Canadian, Vegas, Ross

☆ Anti-Defamation League suing Intel, its first-ever discrimination case against major American company
▼ + stars: | 2024-09-19 | by ( Alexandra Ferreyros | Cnbc Intern | ) www.cnbc.com time to read: +5 min

For the first time in its century-plus history, the Anti-Defamation League is suing a Fortune 500 company, Intel , joining a case brought by the law firm of Wigdor on behalf of a former Israeli employee of the technology firm. Intel has operated in Israel for 50 years, where it has invested more than $50 billion, and remains one of Israel's largest private employers with more than 11,700 Israeli employees. The company estimated $8.7 billion in exports from its Intel operations, accounting for 5.5% of Israel's high-tech exports and 1.75% of the country's GDP, in 2022. When employers do not meet their legal obligations in protecting their Jewish employees, ADL will not hesitate to act." The former Israeli employee also recently sent an open letter to Intel's board of directors about his complaint.

Persons: wasn't, Jonathan Greenblatt, Greenblatt, Google, we've Organizations: Defamation League, Fortune, Intel, ADL, CNBC, Google Locations: Wigdor, Israel, U.S, boardrooms, Gaza

☆ How the cast of Netflix's 'Monsters: The Lyle and Erik Menendez Story' compare to the real-life people they play
▼ + stars: | 2024-09-19 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"Monsters: The Lyle and Erik Menendez Story" is based on true story. Here's how the cast of the Netflix series compares to the real people they play. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Monsters: The Lyle and Erik Menendez Story" is the latest dramatization of a notorious, headline-grabbing crime by producer Ryan Murphy.

Persons: Lyle, Erik Menendez, Here's, —, Ryan Murphy, Jeffrey Dahmer, Evan Peters, Nicholas Alexander Chavez, Erik Menéndez, Cooper Koch, José Menéndez, Javier Bardem, Mary Louise, Kitty, Menéndez Organizations: Netflix, Service, Business

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