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☆ Trump Recruits His Cast for Season 2 Straight From Television
▼ + stars: | 2024-11-21 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

After an election where podcasts and influencers played an outsize role, conservatives were quick to declare that traditional media was dead. Turns out a lot of it is just moving into the West Wing. President-elect Donald J. Trump, whose rise was fueled by reality TV stardom, is once again turning to television to recruit the key cast members of his new administration. The latest was Dr. Mehmet Oz, the former syndicated TV host, who was picked by Mr. Trump on Tuesday to oversee Medicare and Medicaid. (His wife, Rachel Campos-Duffy, is Mr. Hegseth’s erstwhile “Fox & Friends” co-host.)

Persons: influencers, Donald J, Trump, Mehmet Oz, Pete Hegseth, “, ”, Sean Duffy, Rachel Campos, Duffy, Hegseth’s, Friends ” Organizations: Wing, Mr, “ Fox, Fox Business, Transportation Department, Friends

☆ SEC Chair Gary Gensler will step down Jan. 20, make way for Trump replacement
▼ + stars: | 2024-11-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

SEC commissioners serve five-year terms, so Gensler could in theory have stayed on until at least 2026. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump has not announced his pick to lead the SEC, but the expectation is that the next chair will be friendlier to Wall Street and crypto. Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to immediately select a replacement. Under Gensler, the SEC pushed to require more disclosure from publicly traded companies and financial advisors for investors.

Persons: Gensler, Trump, Gary Gensler, Donald Trump, Elon Musk, Musk, Gensler's, — CNBC's Lora Kolodny Organizations: SEC, cryptocurrencies, . Securities, Exchange, Gensler's SEC, Twitter, Trump, Government Efficiency

☆ Trump demands Republicans ‘kill’ bill that would protect journalists from government spying
▼ + stars: | 2024-11-21 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —In between his posts on Truth Social announcing nominees for his incoming administration, President-elect Donald Trump urged Republicans Wednesday to nix a bipartisan bill that would give journalists greater protections under federal law. Trump wrote on his favorite social network that “REPUBLICANS MUST KILL THIS BILL!”He linked to a PBS “NewsHour” interview with Jodie Ginsberg, the CEO of the Committee to Protect Journalists, who urged the Senate to pass the legislation. Known as the PRESS Act, the Protect Reporters From Exploitative State Spying Act would prevent the government from forcing journalists to reveal their sources and limit the seizure of their data without their knowledge. “It’s really important that we have that federal shield law to protect journalists at the federal level,” Ginsberg said on PBS. “Many Trump supporters from Rep. Jim Jordan to Sen. Mike Lee are champions of the PRESS Act because it would protect all journalists, including many who reach primarily conservative audiences.

Persons: Donald Trump, nix, Trump, Jodie Ginsberg, Sen, Tom Cotton, Trump’s, Joe Biden’s, ” Ginsberg, John Oliver, Dell Cameron, Trevor Timm, ”, ” Timm, Jim Jordan, Mike Lee Organizations: New, New York CNN, Social, Republicans, PBS, Protect Journalists, Senate, Freedom, Press, Republican, The New York Times, HBO, WIRED, Democratic, Press Foundation, CNN, Trump, Rep Locations: New York

☆ Trump AG pick Matt Gaetz says he's withdrawing
▼ + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Matt Gaetz said Thursday he is withdrawing his name from consideration as President-elect Donald Trump's pick for U.S. attorney general, ending the controversial bid that put prior allegations of sexual misconduct in the spotlight. I appreciate their thoughtful feedback - and the incredible support of so many," Gaetz said in a statement posted on his X account. "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney General," he said. The Department of Justice's investigation into whether Gatez sex-trafficked a minor girl ended last year without charges being filed. The House committee, which is evenly divided between Republicans and Democrats, on Wednesday deadlocked on a vote to release a report on its probe of Gaetz.

Persons: Matt Gaetz, Kevin McCarthy, Donald Trump's, Gaetz, Vance, CNN's Paula Reid, Susan Wild of, reconvene, Trump, Karoline Leavitt, Leavitt Organizations: U.S, Trump, Republican, The, Republicans, Democrats, Gaetz, Truth, Administration, Department of Justice, CNBC, Yildirim Locations: Washington ,, Florida, Washington, Susan Wild of Pennsylvania

☆ Police in New Jersey’s Capital Violate Residents’ Rights, U.S. Finds
▼ + stars: | 2024-11-21 | by ( Christopher Maag | ) www.nytimes.com time to read: +1 min

Police officers in Trenton, N.J., systematically violate the constitutional rights of the city’s citizens, conduct illegal searches and needlessly escalate peaceful interactions into violence, the U.S. Department of Justice found in a report published Thursday. In one event described in the 45-page report, police officers encountered an unarmed man as he ran shirtless around a hospital parking lot. The man cried, “I can’t breathe,” and, “I’m going to die.” After more than four minutes, he grew still, the report said. The man was not identified, but the details match the case of Stephen Dolceamore, 29, of Springfield, Pa., which was reported by NJ Advance Media. He died on April 3, 2020, seven weeks before George Floyd was murdered by police officers in Minneapolis.

Persons: Donald J, Trump, Philip R, “, “ I’m, Doctors, Stephen Dolceamore, George Floyd Organizations: U.S . Department of Justice, Justice Department’s Civil Rights Division, NJ Advance Media Locations: Trenton , N.J, U.S, New Jersey, Trenton, Springfield, Pa, Minneapolis

☆ Should Olaf Scholz Step Aside in the New Race for German Chancellor?
▼ + stars: | 2024-11-21 | by ( Christopher F. Schuetze | Jim Tankersley | ) www.nytimes.com time to read: +1 min

Earlier this month, as he prepared to give one of the most important speeches of his political career, Chancellor Olaf Scholz of Germany appeared before Parliament in a suit that appeared at least a size or two too large. Mr. Scholz has never seemed a natural fit as chancellor. He was an unlikely selection to lead his Social Democratic Party four years ago. Now, his popularity has sunk, his government has broken up, and Mr. Scholz finds himself fighting for his political life. Mr. Biden eventually stepped aside, and his replacement on the ballot, Vice President Kamala Harris, lost in November to former President Donald J. Trump.

Persons: Chancellor Olaf Scholz, Germany, Scholz, —, Biden, Kamala Harris, Donald J, Trump Organizations: Social Democratic Party, Democratic Party

☆ Trump’s social media company is exploring a crypto payment service called TruthFi
▼ + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Truth Social, the social media platform owned by President-elect Donald Trump, appears to be exploring a move into the crypto space. Trump Media & Technology Group filed a trademark application earlier this week for TruthFi, which it described as a cryptocurrency payment processing platform. It’s not clear how far along Trump Media is in evaluating a crypto payment service or whether the Trump-owned public company will ultimately launch such a platform. The trademark application illustrates the thorny conflict-of-interest issues raised by Trump’s election victory and his sprawling business empire. The trademark application for a crypto payment service comes just days after the Financial Times reported that Trump Media is in advanced talks to acquire crypto trading platform Bakkt.

Persons: Donald Trump, Trump, Gary Gensler, Gensler, Bakkt, Cantor Fitzgerald, Howard Lutnick, Lutnick Organizations: New, New York CNN, President, Trump Media & Technology Group, Trump Media, Trump, Securities and Exchange Commission, SEC, Financial Times, Liberty, Commerce Department Locations: New York, Washington, United States, Bakkt

☆ Piper Sandler highlights the stocks most likely to benefit from bullish market sentiment
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street's optimistic tone since Donald Trump secured a return to the White House could have outsized benefits for a handful of stocks that typically gain when sentiment is bullish, according to Piper Sandler. "By many metrics, bullish sentiment is at an extreme," Michael Kantrowitz, Piper Sandler's chief investment strategist and head of portfolio strategy, wrote in a Tuesday note. Against this backdrop, Piper Sandler screened for stocks that are most sensitive to bullish sentiment. Garmin is another stock that historically performs well when market sentiment is high, registering gains 62% of the time. GRMN YTD mountain Garmin stock has gained nearly 60% in 2024.

Persons: Donald Trump, Piper Sandler, Stocks, Michael Kantrowitz, Piper, Uber, Trump, FactSet Organizations: Investors, Uber Technologies, Garmin, Materials, Micron Technology

☆ Grimes says she was 'going bankrupt' during custody battle with Elon Musk
▼ + stars: | 2024-11-21 | by ( Lauren Edmonds | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

AdvertisementGrimes shared new details about her custody dispute with her former partner, Elon Musk. Grimes said she was "going bankrupt" during the dispute and had a "fraction" of Musk's resources. Grimes says she was "going bankrupt" during her custody dispute with Tesla CEO and billionaire Elon Musk, with whom she shares three children. Grimes, whose real name is Claire Elise Boucher, became embroiled in a custody dispute with Musk in 2023 over X Æ A-Xii , Exa Dark Sideræl, and Techno Mechanicus. Related VideoGrimes and Musk have largely been quiet about the custody dispute, however Grimes on Wednesday shared some details about how going to court against her billionaire ex impacted her.

Persons: Grimes, Elon Musk, Claire Elise Boucher, Musk, hasn't, August Grimes, Donald Trump, group's Organizations: Tesla, Business, Department of Government Locations: California, Texas, , Texas, Austin , Texas

☆ Dollar pulls ahead as markets focus on Trump policies, Fed outlook
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +4 min

After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week. The dollar has rallied more than 2% since the Nov. 5 U.S. presidential election on bets Trump's policies could reignite inflation and temper the Fed's future rate cuts. The dollar index held steady at 106.56, up from a one-week nadir hit in the previous session. "The Russia-Ukraine conflict is heating up, which is further denting sentiment towards the euro alongside the prospects of trade tariffs," another "bullish cue" for the dollar index given the euro's heavy weighting, City Index's Simpson said. The dollar gave up some gains against the yen, down 0.33% at 154.91 yen , although the Japanese currency remained under pressure.

Persons: Donald Trump's, Matt Simpson, CME's, Michelle Bowman, Lisa Cook, Index's Simpson, Kazuo Ueda, Sterling, bitcoin, Bitcoin Organizations: U.S, Federal Reserve, Wednesday, Storm, ATACMS, Bank of Japan, Bank of England's Locations: Europe, China, Russia, Ukraine, Paris

☆ Jussie Smollett’s conviction in 2019 attack on himself is overturned
▼ + stars: | 2024-11-21 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

SPRINGFIELD, Ill. AP —The Illinois Supreme Court on Thursday overturned actor Jussie Smollett’s conviction on charges that he staged a racist and homophobic attack against himself in downtown Chicago in 2019 and lied to police. Emailed messages seeking comment were sent Thursday to Foxx’s office and to Smollett’s attorney, who have argued that Smollett has been victimized by a racist and politicized justice system. Testimony at his trial indicated Smollett paid $3,500 to two men whom he knew from “Empire” to carry out the attack. A state appellate court ruling upheld Smollett’s conviction, declaring that no one promised Smollett he wouldn’t face a fresh prosecution after accepting the original deal. Illinois Supreme Court Chief Justice Mary Jane Theis and Justice Joy Cunningham took no part in Thursday’s decision.

Persons: Jussie, Smollett’s, Smollett, Elizabeth Rochford, ”, Kim Foxx’s, Prosecutors, Donald Trump’s, Mary Jane Theis, Joy Cunningham Organizations: Ill, AP, Smollett, Chicago, . Illinois Supreme Locations: SPRINGFIELD, Illinois, Chicago, Cook, “ MAGA

☆ Bitcoin climbs, reaching a new all-time high above $97,000
▼ + stars: | 2024-11-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin breached the $95,000 level for the first time Wednesday evening as investors continued pricing in a second Donald Trump presidency. The price of the flagship cryptocurrency was last higher by more than 3% at $97,646.68, according to Coin Metrics. Earlier, it rose as high as $97,788.00. Shares of MicroStrategy , a bitcoin proxy, gained 3% in extended trading. Mining stocks rose as well, with Mara Holdings up 4%.

Persons: Bitcoin, Donald Trump, cryptocurrency, Mara Organizations: Metrics, Mara Holdings

☆ Matt Gaetz: Ethics committee told of second sexual encounter between Trump’s AG pick and 17-year-old, sources say
▼ + stars: | 2024-11-21 | by ( Paula Reid | Sarah Ferris | ) edition.cnn.com time to read: +3 min

She also testified to both sexual encounters in a civil deposition as part of a related lawsuit, sources said. The House Ethics Committee revived its investigation of the Florida lawmaker once DOJ concluded its case and is facing mounting pressure to release its final report. Leppard said his client told the committee she did not believe Gaetz knew at the time that her friend was underage. He has said that both them testified that Gaetz paid them for “sexual favors.”Leppard also called on the House Ethics Committee to release the report on Gaetz, emphasizing the importance of transparency. Release the Gaetz Ethics report,” Leppard said.

Persons: Matt Gaetz, Gaetz, Donald Trump’s, Trump, Joel Leppard, Leppard, ” Leppard, CNN’s Casey Gannon Organizations: CNN, Justice Department, Capitol, Republican, Committee Locations: Florida

☆ Goldman's hedge fund stock list is up 30% this year. Here's what's in it
▼ + stars: | 2024-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs' list of top-performing longs in hedge funds has seen outsized gains in 2024, a sign that moves made by these firms have paid off this year. The bank's so-called very important positions, or "VIP," list has climbed about 30% year to date. Goldman strategist Ben Snider noted that hedge funds shifted somewhat to cyclical industrials from defensives in the third quarter, allowing them to benefit from the postelection rally. Goldman has a running list of its very important stock picks within hedge fund long holdings. However, most analysts surveyed by LSEG rate the stock a buy or strong buy, consensus price targets suggests shares may drop more than 23%.

Persons: Goldman Sachs, Goldman, Ben Snider, Snider, Mike Tyson, Jake Paul, AppLovin, Piper Sandler, James Callahan, Eli Lilly, Donald Trump, Robert F, Kennedy, Jr Organizations: China ADR, Netflix, Department of Health, Human Services, LSEG Locations: defensives, China

☆ Britain’s 'mini-budget' disaster should serve as a warning to the U.S., bond strategists say
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields. The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Britain's mini-budget crisis of 2022 is not out of the question. watch nowBritain's mini-budget crisis refers to a tumultuous period under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Bond yields tend to rise when market participants expect higher consumer prices or a growing budget deficit.

Persons: Donald Trump, Donald Trump's, Trump, Remtulla, Liz Truss, Kwasi Kwarteng, Kwarteng, Althea Spinozzi, Trump's, Spinozzi, Angela Weiss, Paul Ashworth, Ashworth, Thierry Wizman, likelier, Wizman Organizations: Economic, of New, Bloomberg, Getty, EFG, CNBC, U.S ., Finance, U.S, Bank of England, Saxo Bank, White, Treasury, Traders, New York Stock Exchange, AFP, Capital Economics, Macquarie Group Locations: of New York, New York, U.S, Foreign, Treasurys, Treasuries, New York City, America

☆ Gaetz Withdrew From Attorney General Consideration
▼ + stars: | 2024-11-21 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Matt Gaetz, the former Florida congressman who Donald Trump tapped last week as his choice for attorney general, announced today that he would withdraw from consideration. Gaetz has faced a torrent of scrutiny over allegations of sex trafficking and drug use, which he has denied. After meetings on Capitol Hill yesterday, Gaetz told people close to him that at least four Republican senators opposed his nomination — enough to block his confirmation. The storm surrounding Gaetz, personally disliked by lawmakers in both parties, has drawn some attention away from Trump’s other contested picks. The office of the city attorney of Monterey, Calif., released a redacted police file yesterday containing the accusation of a woman who said that Hegseth raped her in 2017.

Persons: Matt Gaetz, Donald Trump, Gaetz, Susan Collins of, Pete Hegseth, Hegseth Organizations: Capitol Locations: Florida, Susan Collins of Maine, Monterey , Calif

☆ Inside Trump’s dramatic potential plan to shake up the FBI
▼ + stars: | 2024-11-21 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +3 min

Former Trump FBI deputy director and CNN senior law enforcement analyst Andrew McCabe said Thursday that Rogers would be a “totally reasonable, logical selection” to nominate to lead the agency, pointing to his knowledge of the intelligence community and his experience at the FBI. CNN has reached out to the Trump transition team and the FBI for comment. Sources previously said that Patel had been lobbying for the FBI director position, where he would be well-positioned to try to investigate Trump’s political enemies, declassify sensitive information and purge career civil servants. He also briefly considered installing Patel as deputy FBI director in the closing weeks of his first administration. The deputy FBI director job is a career position – not a politically appointed role – and then-Attorney General William Barr helped talk Trump out of putting Patel at the bureau at the time.

Persons: Donald Trump, MAGA, Trump, Christopher Wray, Matt Gaetz, Mike Rogers, Kash Patel, haven’t, Andrew McCabe, Rogers, McCabe, Patel, ”, that’s, ” McCabe, Gina Haspel, –, William Barr, CNN’s Sara Murray, Zachary Cohen, Evan Perez, Pamela Brown, Kaanita Iyer Organizations: CNN, FBI, Michigan, Senate, Former Trump FBI, Trump Locations: Lago, Florida

☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ Opinion | Don’t Do Trump’s Work for Him on Mass Deportations
▼ + stars: | 2024-11-21 | by ( Dara Lind | ) www.nytimes.com time to read: +1 min

Donald Trump’s team has construed his victory as a mandate for carrying out what it has described as mass deportations. The constraints on a mass deportation operation are logistical more than legal. So the question is not whether mass deportation will happen. It’s how big Mr. Trump and his administration will go, and how quickly. How far are they willing to bend or break the rules to make their numbers?

Persons: Donald Trump’s, Trump, Stephen Miller, Tom Homan, Trump’s Organizations: Department of Homeland Security

☆ China’s Hacking Reached Deep Into U.S. Telecoms
▼ + stars: | 2024-11-21 | by ( David E. Sanger | Julian E. Barnes | ) www.nytimes.com time to read: +1 min

China’s recent breach of the innermost workings of the U.S. telecommunications system reached far deeper than the Biden administration has described, the chairman of the Senate Intelligence Committee said on Thursday, with hackers able to listen in on telephone conversations and read text messages. “The barn door is still wide open, or mostly open,” the Democratic chairman, Senator Mark Warner of Virginia, a former telecommunications executive, said in an interview on Thursday. and other investigators believed that China’s hackers used stolen passwords to focus mostly on the system that taps telephone conversations and texts under court orders. It is administered by a number of the nation’s telecommunications firms, including the three largest — Verizon, AT&T and T-Mobile. But in recent days, investigators have discovered how deeply China’s hackers had moved throughout the country by exploiting aging equipment and seams in the networks connecting disparate systems.

Persons: Biden, Mark Warner of, Warner, Donald J, Trump, JD Vance Organizations: Senate Intelligence, Democratic, Microsoft, Verizon Locations: Mark Warner of Virginia, China

☆ UBS sees the 'Roaring 20s' continuing, S&P 500 rising again next year — maybe to 7,000
▼ + stars: | 2024-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

This booming period marked by strong economic growth and robust market returns could extend into 2025, according to UBS, which is calling for the S & P 500 to rise as high as 7,000 in its most optimistic, bullish case. "The market and economic developments have led some to term the decade so far as the 'Roaring 20s,' marked by high economic growth, strong market returns, and improving productivity," Mark Haefele, UBS Global Wealth Management chief investment officer, said in a note to clients. .SPX YTD mountain S & P 500 The Wall Street bank set its base case of a 6,600 S & P 500 target for 2025, or about 10% upside from current prices. For its bull case, the equity benchmark could climb to 7,000 by year end 2025, a 16% gain from current levels. The S & P 500 appears set to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies.

Persons: Mark Haefele, Donald Trump, Haefele Organizations: UBS, UBS Global Wealth Management

☆ Marjorie Taylor Greene Will Lead New ‘DOGE’ Panel on Government Efficiency
▼ + stars: | 2024-11-21 | by ( Annie Karni | More About Annie Karni | ) www.nytimes.com time to read: 1 min

When she arrived in Congress in 2021, Representative Marjorie Taylor Greene, Republican of Georgia, was quickly stripped of her two committee assignments by Democrats and shunned by her colleagues on Capitol Hill. Almost three years later, Ms. Greene is poised to hold a gavel for the first time, a sign of the ascendancy of the MAGA wing of the G.O.P. in Congress, where President-elect Donald J. Trump’s most loyal allies will occupy prominent posts next year. Representative James Comer of Kentucky, chairman of the House Oversight Committee, is planning to create a new subcommittee to partner with Elon Musk and Vivek Ramaswamy to “eliminate government waste.” The committee, which has yet to be created, will work with the new Department of Government Efficiency, known as “DOGE,” and leading Republicans have agreed to allow Ms. Greene to serve as its chairwoman.

Persons: Marjorie Taylor Greene, Greene, Donald J, James Comer of, Elon Musk, Vivek Ramaswamy, ” Organizations: Republican, Capitol, Department of Government Locations: Georgia, Congress

☆ UK population will not be richer if Trump's tariffs are introduced, UK's Trade Committee chair says
▼ + stars: | 2024-11-21 | 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 EmailUK population will not be richer if Trump's tariffs are introduced, UK's Trade Committee chair saysLiam Byrne, Labour MP and chair of the U.K.'s Business and Trade Committee, discusses the likely outcomes of potential tariffs under President-elect Donald Trump.

Persons: Liam Byrne, Donald Trump Organizations: UK's Trade, Labour, Trade Committee

☆ 10-year Treasury yield dips as investors await economic data, Fed speeches
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

One basis point equals 0.01%. The 10-year Treasury yield fell more than 1 basis point to 4.390%, while the yield on the 2-year Treasury slipped by nearly 2 basis points to 4.291%. The benchmark 10-year Treasury yield dipped on Thursday as investors await a fresh batch of economic data and a flurry of speeches from Federal Reserve policymakers. Existing home sales for October and the Kansas City Fed survey for November are scheduled to follow slightly later in the session. Cleveland Fed President Beth Hammack, Chicago Fed President Austan Goolsbee, Kansas City Fed President Jeff Schmid, Fed Vice Chair for Supervision Michael Barr are all poised to deliver remarks about the U.S. economy on Thursday.

Persons: Donald Trump's, Beth Hammack, Austan Goolsbee, Jeff Schmid, Michael Barr, Michelle Bowman, Samantha Subin, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Philadelphia Fed, Kansas City Fed, Cleveland Fed, Chicago Fed Locations: Russia, Ukraine, Washington, Moscow, Kansas, U.S

☆ Pam Bondi Is Trump’s New Choice as Attorney General. Here’s What to Know About Her.
▼ + stars: | 2024-11-21 | by ( Glenn Thrush | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump quickly swept aside Thursday’s bad headlines about Matt Gaetz by speedily substituting Pam Bondi, a fellow Florida Republican with a starkly different profile — but a similar reputation for fealty — to be his attorney general. Ms. Bondi, 59, is a lobbyist and Trump loyalist who served as Florida’s attorney general from 2011 to 2019. She has charted a more conventional and less clamorous course than Mr. Gaetz, with little of the ugly personal or political baggage that led some Republicans to oppose Mr. Gaetz’s nomination. Ms. Bondi, the daughter of the mayor of a small Tampa-area municipality, began working as an assistant state attorney in Hillsborough County in the 1990s. During 18 years as a prosecutor, she tried cases “ranging from domestic violence to capital murder,” according to the bio page at her lobbying firm.

Persons: Donald J, Trump, Matt Gaetz, Pam Bondi, —, Gaetz, Gaetz’s, Dwight Gooden Organizations: Florida Republican, Trump, New York Mets Locations: Florida, Bondi, Tampa, Hillsborough County

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