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☆ Neuberger Berman's Steve Eisman says students with 'free Palestine' signs should be expelled
▼ + stars: | 2023-11-02 | 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 EmailNeuberger Berman's Steve Eisman says students with 'free Palestine' signs should be expelledSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss latest market trends, and also comments on the controversy brewing around the University of Pennsylvania's response to pro-Palestinian protests.

Persons: Neuberger, Steve Eisman, Neuberger Berman Organizations: University of

☆ Live updates: Donald Trump Jr. testifies in Trump civil fraud trial
▼ + stars: | 2023-11-01 | by ( Dan Berman | Shania Shelton | ) edition.cnn.com time to read: +1 min

Donald Trump Jr. in court on Wednesday in New York. Mike Segar/Pool/APThe New York attorney general’s office began the questioning of Donald Trump Jr. in the civil fraud trial by asking if he was familiar with accounting standards, such as the generally accepted accounting principles (GAAP). Trump Jr. responded that his knowledge of GAAP was limited to what he learned in “Accounting 101” during college in the 1990s. “I know nothing about GAAP — I leave it to my accountants,” Trump Jr. said. More context: Trump Jr., an executive vice president of the Trump Organization, is testifying as a defendant in the New York attorney general’s civil lawsuit against Trump, his sons and the Trump Organization.

Persons: Donald Trump Jr, Mike Segar, Trump, “, ” Trump, Eric Organizations: New, Trump Jr, Trump Organization, Trump Locations: New York

☆ A 27-year-old real-estate investor making up to $15,000 a month in revenue explains how to snag a multi-unit rental property below $200,000
▼ + stars: | 2023-10-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

A sweet spotBerman said his bank preapproved him for a $275,000 mortgage, so he had a budget to stay within. He reviewed active property listings on Apartments.com and Zillow to see the rental rates and what was successfully rented in the previous 30 days. That's less than half the amount and a much more manageable payment, Berman noted. On the pricier property, your overall interest payments amount to about $538,000 versus $250,000 on the cheaper property. You end up with a larger mortgage payment, he said.

Persons: Cody Berman, Berman, Price, It's Locations: Massachusetts, Connecticut, Rhode, Windham County , Connecticut

☆ Tech companies are navigating through cyclical headwinds, says Neuberger Berman's Dan Flax
▼ + stars: | 2023-10-27 | 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 EmailTech companies are navigating through cyclical headwinds, says Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss the Big Tech earnings this week, how companies are facing economic headwinds, state of the digital advertising market, and more.

Persons: Neuberger, Dan Flax Dan Flax, Neuberger Berman Organizations: Email Tech, Big Tech

☆ Amazon shares surge after 3Q earnings surpass expectations. Here's what the pros say
▼ + stars: | 2023-10-27 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon shares surge after 3Q earnings surpass expectations. Here's what the pros sayJim Cramer, John Blackledge of Cowen and Daniel Flax of Neuberger Berman discussed Amazon after the company reported third-quarter earnings that beat on the top and bottom lines.

Persons: Jim Cramer, John Blackledge, Cowen, Daniel Flax, Neuberger Berman

☆ Trump civil fraud trial live updates: Michael Cohen continues testimony
▼ + stars: | 2023-10-25 | by ( Dan Berman | Devan Cole | ) edition.cnn.com time to read: +1 min

As he complained again about not having a jury for is civil fraud trial, former President Donald Trump said not only is the judge “very partisan” but so is the person sitting beside him. “This judge is a very partisan judge with a person who is very partisan sitting alongside him; perhaps even much more partisan than he is,” Trump said as he asserted that even a negative jury wouldn’t vote against him. The person sitting beside Judge Arthur Engoron is his clerk. Even if it was a somewhat negative jury, because no negative jury would vote against me,” Trump said. Trump's attorney earlier Wednesday asked Engoron to direct the clerk to stop rolling her eyes.

Persons: Donald Trump, “, ” Trump, Arthur Engoron, –, Engoron Organizations: Trump

☆ Live updates: Trump civil fraud trial continues in New York with Michael Cohen expected to testify
▼ + stars: | 2023-10-24 | by ( Dan Berman | Devan Cole | ) edition.cnn.com time to read: +2 min

Former President Donald Trump sits in a New York State Supreme Court room alongside his lawyers including Chris Kise, right, on Tuesday. Another Trump attorney also confirmed a member of the former president’s team tested positive. The NY Attorney General’s office said it followed US Centers for Disease Control and Prevention guidelines. “As always, the Attorney General’s Office has followed and complied with CDC guidelines. Our office properly notified the court and defendants’ counsel, and the court decided to proceed with trial today,” a spokesman from the AG’s office said.

Persons: Donald Trump, Chris Kise, Mike Segar, general’s, Kise, Letitia James, Arthur Engoron, Trump, James, Jesus Suarez, General’s, ” Organizations: New York, Reuters Trump, NY, Trump, Centers for Disease Control, CDC Locations: New, United States

☆ A 27-year-old real-estate investor explains how he house-hacked his way into making up to $15,000 in monthly revenue — plus the property types that maximized rental income
▼ + stars: | 2023-10-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The two units brought in $2,300 in rental income, or a cash flow of $500, and Berman lived rent-free. Today, his total rental income from the property is $3,900 a month. This time, it had two paying tenants, bringing in $2,200 in monthly rental income. The homeowner would keep 70% of the profit, and Berman and his business partner would get 30% for managing it. You may not be able to start by purchasing 15 rental units, Berman said.

Persons: Cody Berman, Berman Organizations: Massachusetts Locations: Windham County , Connecticut, Boston, Massachusetts, Connecticut, Worcester , Massachusetts

☆ We're repositioning to get equity-like returns with a muni portfolio, says Neuberger Berman's Kroft
▼ + stars: | 2023-10-19 | 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 EmailWe're repositioning to get equity-like returns with a muni portfolio, says Neuberger Berman's KroftHolly Newman Kroft, Neuberger Berman private wealth managing director, joins 'Squawk on the Street' to discuss how the rise in yields has affected how Kroft manages the portfolio, the necessary drawdown to get excited about stocks, and what percentage of portfolios should be in alternative investments.

Persons: Neuberger Berman's, Holly Newman Kroft, Neuberger Berman, Kroft Organizations: muni

☆ The Palestinians are not Hamas, says Yeshiva University President Rabbi Ari Berman
▼ + stars: | 2023-10-18 | 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 Palestinians are not Hamas, says Yeshiva University President Rabbi Ari BermanYeshiva University president Rabbi Ari Berman joins 'Squawk Box' to discuss the coalition of colleges and universities coming together in support of Israel against Hamas, what constitutes free speech on college campuses, and more.

Persons: Rabbi Ari Berman Organizations: Yeshiva, Rabbi Ari Berman Yeshiva, Hamas Locations: Israel

WASHINGTON (AP) — Donald Trump is scheduled to be questioned under oath Tuesday as part of lawsuits from two former FBI employees who provoked the former president's outrage after sending each other pejorative text messages about him. The Justice Department had sought to block the deposition of Trump as unnecessary, citing testimony from other witnesses who'd already been interviewed in the lawsuits that Trump had no impact on the decision to fire Strzok. But both U.S. District Judge Amy Berman Jackson and a federal appeals court rebuffed the Justice Department, permitting a two-hour deposition to move forward. In his 2020 book, “Compromised: Counterintelligence and the Threat of Donald J. Trump,” Strzok expressed measured regret for the text messages and the impact they had on the FBI. But in an interview that year with The Associated Press, he also described the personal toll of the attacks from Trump.

Persons: — Donald Trump, Peter Strzok, Lisa Page, Strzok, Trump, who'd, David Bowdich, Chris Wray, Amy Berman Jackson, Page, Hillary Clinton's, “, Donald J, ” Strzok, ” Organizations: WASHINGTON, FBI, Trump, Justice Department, Justice, Mar, Counterintelligence, Associated Press, “ Locations: Russia, Trump, Trump's Florida, New York, Strzok

☆ Bereaved Israelis Emerge From Mourning Into an Uncertain World
▼ + stars: | 2023-10-16 | by ( Shoshanna Solomon | Photographs Ofir Berman For The Wall Street Journal | ) www.wsj.com time to read: 1 min

RA’ANANA, Israel—Debbie Ziering’s son Aryeh picked up his weapon and drove south with another soldier as soon as he heard that a wave of attacks was under way on Oct. 7. Just the night before, he had been singing in the synagogue with his parents and siblings, celebrating the Jewish festival of Simchat Torah. She hummed the Hebrew words of prayer they had sung, her eyes lighting up at the memory.

Persons: Israel, Debbie Ziering’s, Aryeh Locations: RA’ANANA

☆ We could see more steepening of the yield cure, says Neuberger Berman's Erik Knutzen
▼ + stars: | 2023-10-16 | 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 EmailWe could see more steepening of the yield cure, says Neuberger Berman's Erik KnutzenErik Knutzen, Neuberger Berman multi-asset CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed' rate hike campaign, Treasury yields outlook, impact of potential government shutdown, and more.

Persons: Neuberger Berman's Erik Knutzen Erik Knutzen, Neuberger Berman

Judges can threaten gag order violators with fines or jail time, but jailing a presidential candidate could prompt serious political blowback and pose logistical hurdles. A gag order may also slow down the case because it's likely Trump either violates it and the judge will want to punish him or Trump will challenge the order in advance, he said. In one case, a federal appeals court in 1987 lifted a gag order on U.S. Rep. Harold Ford Sr., a Tennessee Democrat charged in a fraud case. Ford’s gag order prohibited him from even sharing his opinion of or discussing facts of the case. He said he was dubious that Trump’s attacks, “while in very poor taste,” posed the kind of danger to merit a gag order.

Persons: Donald Trump's, Tanya Chutkan, Trump, ”, Catherine Ross, Chutkan, tainting, jailing, Barack Obama, isn't, Jack Smith's, Democrat Joe Biden, Mike Pence, Burt Neuborne, ” Neuborne, Barbara McQuade, Donald Trump, McQuade, “, Harold Ford Sr, Ford, Ronald Reagan’s, Jim Brown, Brown's, ” Chutkan, Maria Butina, Amy Berman Jackson, Roger Stone, Bruce Rogow, ” Rogow, ” ____ Richer Organizations: WASHINGTON, U.S, Republican, White House, George Washington University, Trump, Democrat, GOP, White, University of Michigan Law School, U.S . Rep, Tennessee Democrat, Louisiana Locations: Washington, New York, U.S, Michigan, Tennessee, Russian, America, Moscow, Boston

The 10-year yield on Thursday afternoon stood at about 4.7%, some 18 basis points from the 16-year highs touched last week. “Every time the Fed pauses, yields come down, but the market is not convinced they’re quite there yet." There's plenty of evidence that financial conditions, which reflect the availability of credit in the economy, have tightened in recent months. Credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. Fed funds futures show investors pricing in a roughly 15% chance of the central bank's raising rates next month, from around 27% last week.

Persons: Dado Ruvic, ”, Leslie Falconio, they’re, Philip Jefferson, Lorie Logan, Mark Dowding, Goldman Sachs, Edward Al, Hussainy, Neuberger Berman, Jonathan Cohn, Davide Barbuscia, Ira Iosebashvili, Megan Davies, Leslie Adler Organizations: REUTERS, Federal, . Treasury, UBS Global Wealth Management, Reuters Graphics, Dallas Fed, RBC Global Asset Management, Reuters, Treasury, Columbia, Nasdaq, Nomura Securities International, Thomson

[1/2] Shadow of the supporter is pictured during the election convention of Law and Justice (PiS) party, before Sunday's parliamentary elections, in Przysucha, Poland October 9, 2023. "It is the most important election we have this year in Europe," said Viktor Szabo, portfolio manager at asset manager abrdn, adding markets had not priced in scenarios such as a hung parliament or the possibility of an early election. Such a scenario would be a key positive for both the currency and Polish equities, said Anna Zadornova, an economist at UBS. "Ultimately there is a point where you need to yield to the economics and how things are going," said Kaan Nazli, a portfolio manager at Neuberger Berman. ($1 = 0.9461 euros)Reporting by Karin Strohecker and Marc Jones, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Viktor Szabo, Szabo, PiS, Daniel Wood, William Blair, Anna Zadornova, Banks, Morgan, Goldman Sachs, Adam Glapinski, Kaan Nazli, Neuberger Berman, Karin Strohecker, Marc Jones, Alexander Smith Organizations: Law, Justice, REUTERS, LONDON, abrdn, European Union, JPMorgan, Reuters Graphics EU, EU, liberal Civic Coalition, UBS, Poland's, Copley Fund, Reuters, Thomson Locations: Przysucha, Poland, Europe, loggerheads, Brussels, Romania, Hungary

☆ These 3 bank stocks are Wall Street's favorites heading into earnings reports for the industry
▼ + stars: | 2023-10-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Banks have suffered as interest rates linger at higher levels for longer, making the cost of borrowing money more expensive. Investors such as Neuberger Berman's Steve Eisman aren't optimistic about the sector either heading into earnings season due to higher capital requirements . Earnings per share have been growing at least 5% on average a year for the past three years, showing earnings consistency. Average analyst consensus forecasts call for nearly 13% upside from Wednesday's $122.74 close. JPMorgan also made the list, with the average analyst price target calling for close to 16% upside.

Persons: Banks, Neuberger, Steve Eisman, KeyCorp, Piper Sandler, Ebrahim Poonawala Organizations: CNBC Pro, PNC, Bank of America, JPMorgan Locations: Cleveland, Pittsburgh

☆ Balancing a Better Portfolio
▼ + stars: | 2023-10-12 | by ( Leslie Picker | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBalancing a Better PortfolioPositioning yourself for the possibility of a recession is just the beginning. A "higher for longer" interest rate environment means 60/40 investors can generate income from their bond sleeve without having to take additional equity risk — especially important for retirees who still need to keep up with inflation and be mindful of stock exposure. Neuberger Berman's Holly Newman Kroft gives her take on ways to reallocate portfolios as the tried and true 60/40 portfolio continues to evolve.

Persons: Neuberger Berman's Holly Newman Kroft

☆ ‘Big short’ investor Steve Eisman tackles market, gives bearish bank take ahead of earnings
▼ + stars: | 2023-10-10 | 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 Email‘Big short’ investor Steve Eisman tackles market, gives bearish bank take ahead of earningsSteve Eisman, Neuberger Berman Senior Portfolio Manager, joins the ‘Fast Money’ traders to discuss the consumer, infrastructure and the bearish take on banks.

Persons: Steve Eisman, Neuberger Berman

☆ ‘The Big Short’ investor Steve Eisman says he would avoid these stocks now, including homebuilders
▼ + stars: | 2023-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Tuesday that he would advise against buying homebuilders and consumer-related stocks given higher interest rates. "I wouldn't own homebuilders right now," Eisman said on CNBC's " Fast Money ." "The homebuilders have been subsidizing their customers with lower rates, but even that's gonna bite. Eisman shot to fame by betting against subprime mortgage loans before the 2008 financial crisis, as chronicled in Michael Lewis' "The Big Short: Inside the Doomsday Machine," and the subsequent Oscar-winning movie based on the book. The investor also reiterated that the banking sector is uninvestable due to risks from crimped margins and tougher regulations.

Persons: Steve Eisman, Eisman, Neuberger Berman, Michael Lewis Organizations: Federal

The U.S. government in May ended the COVID public health emergency declaration during which it bought the shots and provided them to all Americans for free. In the current privatized system, health insurance plans by law must cover the shots at no cost. McKesson (MCK.N), one of the largest U.S. wholesalers, said it has distributed over 3.8 million shots so far. "Health insurance providers continue to educate Americans about where and how to get their COVID vaccines within their plan’s coverage," David Allen, a spokesperson for insurance lobby group AHIP said. Now that the government is no longer footing the bill for their vaccine supply, pharmacy owners need to pay for the shots.

Persons: Kate MacDowell, MacDowell, Kaiser, David Allen, AHIP, David Kohll, James Daily, he's, Suzanne Berman, Michael Erman, Ahmed Aboulenein, Caroline Humer, Bill Berkrot Organizations: Pfizer, U.S . Department of Health, Human Services, Kaiser Permanente, COVID, Moderna, CVS, Walmart, Walgreens, Walgreens Boots Alliance, Cardinal Health, Reuters, Kohll's Pharmacy, Thomson Locations: WASHINGTON, U.S, Portland , Oregon, Oregon, California, Nebraska, Readington , New Jersey, Crossville , Tennessee, New York, Washington

The retiring star was honored by club team OL Reign on Friday night in front of a National Women's Soccer League record crowd of 34,130 fans, many of whom wore pink wigs in her honor. Rapinoe had already played her final match with the U.S. national team last month in Chicago, but Friday marked her final regular-season home game for the Reign. The 38-year-old Rapinoe has played in 114 regular-season games for the Reign and scored 49 goals. “And she's really embraced her role with her full authentic self.”Rapinoe is also known for her social justice activism. She led the national team's long fight for equal pay with the men’s national team, which started with an EEOC complaint in 2016.

Persons: Megan Rapinoe, “, ”, Sue Bird, Rapinoe, Lumen, Lauren Barnes, Abby Wambach, Ken Griffey Jr, Magic Johnson, Billie Jean King, isn't, —, Ballon, Jessica Berman, ” Berman, Colin Kaepernick Organizations: SEATTLE, Women's Soccer League, Washington, U.S ., Chicago Red Stars, Orlando Pride, FIFA, men’s, U.S, Soccer, NFL Locations: Chicago, Australia, New Zealand, France, Netherlands, U.S

He added that it took eight hours for the Israeli military to arrive to his kibbutz and start fending off the Hamas fighters. The last time he heard from his mother-in-law was at 10:30 a.m., he said, when she called him, panicked and distraught, to say that Hamas militants had shot and killed her husband. A fortified border fence, equipped with sophisticated sensors, proved no match for the heavy explosives unleashed by Hamas militants as they burst into Israel. Other footage captured moments of terror and desperation: Hamas fighters paraded a disoriented-looking elderly woman in a golf cart down a dusty Gaza street while Palestinian crowds cheered. Witnesses told Israeli media that Hamas militants sprayed bullets into the crowd of revelers, who just moments earlier had been drinking, laughing and dancing.

Persons: ”, Jehan Berman, ” Berman —, —, Adele Raemer, Nir Am, Janet Cwaigenbaum, Nir Yitzhak, “ I’ve, Moshe, Berman, “ Organizations: JERUSALEM, Hamas, Gaza, Israel's, Palestinian Locations: Gaza, Israel, Avshalom, Israeli, Kfar Azza, Palestine

☆ Joe Amato: We'll see continued volatility in equities until stabilization in fixed income markets
▼ + stars: | 2023-10-04 | 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 EmailJoe Amato: We'll see continued volatility in equities until stabilization in fixed income marketsJoe Amato, Neuberger Berman president and CIO, joins 'Squawk Box' to discuss the latest market trends, why he believes the economy is likely taking the scenic route to a recession as opposed to gliding toward a soft landing, the impact of rising Treasury yields on equities, and more.

Persons: Joe Amato, We'll, Neuberger Berman

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Markets have seen some seismic shifts in recent weeks after being forced to adjust to the 'higher for longer' mantra propagated by major central banks. "I don't think we're back to the point where these central banks will start tightening again..but if you are a central banker, especially of an oil importing country, you do become more cautious." On the other hand, a select number of central banks in emerging markets were still in hiking mode. Turkey, which is struggling with inflation pressures and a currency that is sliding from one record low to the next, delivered another bumper 500 bps rate hike.

Persons: Heiko Becker, Bjoern, Kaan Nazli, Neuberger Berman, Karin Strohecker, Sumanta Sen, Christina Fincher Organizations: European Central Bank, REUTERS, U.S . Federal Reserve, Bank of England, ECB, DWS, Reuters, Thomson Locations: Frankfurt, Germany, Central, America, Europe, Sweden, Norway, Australia, Canada, Japan, Brazil, Chile, Poland, Hungary, Turkey, Russia, Thailand, London, Mumbai

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