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The first quarter of the third year of a presidential term is consistently the best quarter for S & P 500 performance, according to CFRA data. "If everyone says the first half is going to be bad and the second half is going to be good, it could be the opposite. "The timing of the economic rebound probably starts in the second quarter so the market can look forward to it," he said. "Right now it's estimated to be down 3% year-on-year … We are looking at an earnings recession which is typically coincident with an economic recession." The second quarter is expected to be down 2.3%.
As a very painful market year exits, Wall Street's strategists expect 2023 will end on a much better note —even if the path there continues to be highly volatile. I think the Fed will likely be overtightening the economy into this recession." So rates could rise before heading lower in the second half, and that environment will be better for stocks. Rieder said 2023 is going to a banner year for fixed income, and "not so much because it's going to be rates rallying so much," he said. "I think rates still have some upside," said Rieder.
Here's how Miller, who doesn't think the housing market is going to crash, became a beacon of trust. The call was from a journalist at an international paper asking for Miller's comment on the US housing market for a story. The 62-year-old founder of the real-estate-appraisal and data firm Miller Samuel is probably the most-quoted man in real estate, with some 2,469 news citations, according to the database LexisNexis. Today, Miller Samuel has replaced Scantrons with iPods, iPhones, and a CoreLogic appraisal software called A La Mode. Today, there's much more data than there was when he started Miller Samuel, but also a lot more "crap," Miller said.
Decorated homes in the Dyker Heights neighborhood of Brooklyn, N.Y., on Dec. 8. Dyker Heights' seasonal lights took off in the aftermath of the Sept. 11 attacks in 2001 and stayed on even at the height of the pandemic in 2020, residents said. The light show has become a pit stop for tour buses along with the likes of Rockefeller Center and Times Square.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ruchir Sharma, Rockefeller International ChairmanRuchir Sharma, Rockefeller International Chairman, joins 'Closing Bell' to discuss mounting debt in private equity funds, evidence of a bubble in private markets and how the biggest winners in the easy-money era could be impacted by the current market downturn.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate market bubble may soon burst, says Ruchir Sharma, Rockefeller International chairmanRuchir Sharma, Rockefeller International chairman, joins 'Closing Bell' to discuss mounting debt in private equity funds, evidence of a bubble in private markets, and how the biggest winners in the easy money era could be impacted by the current market downturn.
“My daughter is just a cute little 6-year-old white girl — we couldn’t find anybody that looked like my daughter. It begs the question: What does an American Girl look like today? Because, going by the numbers, American Girl dolls represent what America looks like at present — not a “wokeified” version, but a real one. American Girl’s ethos is to build girls of strong character and help them reach their full potential. It is a future that can’t be stopped by a ridiculous anchor decrying that he can’t find a white doll for his cute white child.
Al Roker says his recent hospital stints have been “a tough slog,” but he is pushing through it thanks to an outpouring of well wishes and support from his wife, three children and his "TODAY" colleagues. Roker shared an update on the "TODAY" show via video call from his home on Monday after spending most of the past month at New York-Presbyterian Hospital. I’m a very fortunate person.”Regular visits to the hospital by his colleagues have helped bolster his spirits. “You guys have been terrific coming by the hospital,” he said while wearing a shirt from his alma mater, SUNY Oswego. Roker then shared the happy news on Thursday that he was back home again from his second hospital stay.
Alicia Keys debuts her first ever holiday album
  + stars: | 2022-12-12 | by ( Chloe Melas | ) edition.cnn.com   time to read: +3 min
CNN —Alicia Keys is giving you the holiday classics with a twist. The 15-time Grammy winner spoke with CNN about recording her first holiday album, “Santa Baby,” and the importance of debuting it on her own record imprint. “The album that I just released for the holidays, being the first release on my own imprint, it feels really exciting. “I’m really, really ecstatic about Alicia Keys Records. “I am my own queen and she is her own queen and I totally uplift her,” Keys said.
Stocks rise on hope of revived China demand, oil slips
  + stars: | 2022-12-08 | by ( Herbert Lash | ) www.reuters.com   time to read: +4 min
Wall Street rose on enthusiasm over a rally in U.S.-listed shares of Chinese companies, while copper climbed on hopes of increased demand from China, its biggest consumer. "The realization that China is going to be back online and producing product will help bring down inflation and that's a good thing. Treasury yields rose as investors awaited a report next week on inflation and the Fed meeting. Global bond yields, which move inversely to price, have tumbled in recent weeks on expectations of slower growth or recessions will curb the rise in rates. Gold prices edged higher as the dollar eased and investors positioned themselves ahead of the U.S. inflation data and the Fed's policy announcements.
Wall Street rose on enthusiasm over a rally in U.S.-listed shares of Chinese companies, while copper climbed on hopes of increased demand from China, its biggest consumer. "The realization that China is going to be back on-line and producing product will help bring down inflation and that’s a good thing. "The bulls can spin the narrative that both inflation expectations and real yields are coming down. Treasury yields rose as investors awaited a report next week on inflation and the Fed meeting. Gold prices edged higher as the dollar eased and investors positioned themselves ahead of the U.S. inflation data and the Fed's policy announcements.
2022 People’s Choice Awards: The winners list
  + stars: | 2022-12-07 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +3 min
CNN —The fans have spoken about what they found to be the best in movies, television, music and pop culture. “Saturday Night Live” cast member and comedian Kenan Thompson hosted the 2022 People’s Choice Awards from the Barker Hangar in Santa Monica, California, which aired on NBC and E! Award-winning actor, producer, screenwriter and entrepreneur Ryan Reynolds was honored with the People’s Icon Award, while Emmy and Grammy award-winning performer Lizzo was presented with the People’s Champion Award. Lizzo is seen performing at the Citi Concert Series for the 'Today' show at the Rockefeller Plaza on July 15, 2022 in New York City. Shania Twain performs on stage during the 2022 People's Choice Awards held at the Barker Hangar on December 6, 2022 in Santa Monica, California.
Christmas vacations: 15 of the best places to go
  + stars: | 2022-12-03 | by ( Cnn Staff | ) edition.cnn.com   time to read: +13 min
The Bath Christmas Market has a multitude of wooden chalets selling distinctively British handmade crafts in a quaint Georgian setting. Bogotá, ColombiaA woman dressed as Santa Claus sits next to a Christmas tree and a Christmas star at Bolivar Square in Bogota. Salzburg and Oberndorf, AustriaThe Christmas Market and associated festivities in Salzburg are really something to sing about. Dating back to 1570, Strasbourg claims to be the oldest Christmas market in France and one of the oldest in Europe. damianalmua/Adobe StockThe traditional Christmas colors of red, green and white take on an entirely new meaning in New Zealand.
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The famous Rockefeller Center Christmas tree arrived in NYC from an upstate farm 200 miles away. The Rockefeller Center sees about 500,000 tourists during the holiday season. The 82-foot tree arrived in Manhattan from upstate New York in November and it's illumination is the unofficial indication that it's Christmas time in New York City. Onlookers waited patiently Wednesday night to see its estimated 50,000 multi-colored lights and giant Swarovski crystal star light up the Rockefeller Center, but the tree attracted local attention before it was decorated. NBC's "Christmas at Rockefeller Center" special aired on Wednesday night with many celebrity appearances – including a performance by Alicia Keys.
“TODAY” show weatherman and anchor Al Roker has been readmitted to the hospital after revealing last month he was treated for blood clots. “It was wonderful hosting the celebration, but, of course, we all wished that Al could’ve been with us,” Kotb said. “Al Roker-- hurry back to us... counting the days xoxoxo,” Kotb wrote. Roker took some time off following the diagnosis, and returned to the “TODAY” show with a clean bill of health. “It was this great relief,” he told “TODAY” viewers at the time.
In a ceremony dating back to 1933, the Rockefeller Center tree will be lit Wednesday night, completing the metamorphosis of a backyard giant into one of the world's most famous Christmas trees. Construction workers pooled their money in 1931 to buy the first tree to grace the plaza, a 20-foot high balsam fir with garlands made by their families. Rockefeller Center decided to make the tree an annual tradition and the first tree-lighting was two years later.
Norpel is one of millions of Americans with long Covid, also known as long-haul Covid, post-Covid or post-acute Covid syndrome. Key symptoms: Long Covid has been linked to more than 200 symptoms, according to The Rockefeller Foundation. Duration: There's no consistent definition of how long symptoms must persist for someone to be considered a long Covid patient. What experts do know is that for some, long Covid symptoms can last months or even years. "I don't know if it's for the rest of my life or not," Hurst said of feeling long Covid symptoms.
A cross-country winter storm system is expected to bring severe weather conditions to the South and Northeast. Jackson, Mississippi, is in the center of the severe weather risk area, with other cities to watch being Memphis, Tennessee; New Orleans; Birmingham, Alabama; and Shreveport, Louisiana. The storm system will shift east on Wednesday, bringing strong thunderstorms, heavy rain and wind to the East Coast. Atlanta; Mobile, Alabama; New Orleans; and Tallahassee, Florida, could all see strong storms, especially in the first half of the day. The northern side of this cross-country storm system will bring snow, which will affect the Upper Midwest.
Descendants of the Rockefeller family are listing 54 acres of forestland in Greenwich, Conn., for $21.5 million. Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A few weeks after selling about 80 acres in Greenwich, Conn., to billionaire Len Blavatnik for $32 million, descendants of the Rockefeller family are listing the last large portion of a once-sprawling family estate for $21.5 million.
Erik Pauze is the head gardener at Rockefeller Center, and he chooses the Christmas tree each year. I also have another major responsibility: I choose the perfect tree for Christmas every year. There's one major attribute that I look for when searching for the perfect tree: a tree you would want in your living room, but on a much larger scaleThe 2021 Rockefeller Christmas tree. This year's tree is a Norway Spruce that's 82 feet tall, 50 feet in diameter, and weighs approximately 14 tonsThe 2022 Christmas tree arriving in Rockefeller Center. Anadolu Agency/Getty ImagesThe 2022 Rockefeller Center Christmas tree was donated by the Lebowitz family of Glens Falls, New York, from their property.
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Barry Bannister and Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe treasury market is screaming recession is coming, says Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.
According to American Express Travel, 70% of respondents say they want to travel to wish-list destinations in 2023, and 50% are already planning summer vacations for next year. In November, American Express Travel published its 2023 Trending Destinations list . It was compiled using the number of global American Express Card Member travel reservations made between 2019 to 2022. The Florida Keys, known for its beautiful beaches, comprises five areas: Key West, the Lower Keys, Marathon, Islamorada, and Key Largo. The most famous of these is Key West.
Jeff Bezos finally said he plans to give away the "majority" of his $122 billion fortune during his lifetime. Bezos had 'resisted developing a public philanthropic identity'Why is the 58-year-old Bezos just now committing to giving away the bulk of his fortune? For years, Soskis says, Bezos "resisted developing a public philanthropic identity," a position that the researcher believes had "become increasingly untenable" amid public criticism of Bezos' massive wealth. Gates and Buffett are the founders of the Giving Pledge. The analogy could be seen as an attempt to explain why Bezos has waited to announce his philanthropic plans, and why those plans still remain somewhat vague.
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