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“There’s no one that can organize quite like labor,” Harris campaign manager Julie Chavez Rodriguez said. All together, labor leaders predict thousands of union members will deploy to battleground states to knock on doors or work phone banks. “It will be determinative,” Butler said of the Sun Belt labor groups' role in the November election. “Arizona is going to be a state that, at the end of the day, will elect the president — President Harris — I truly believe that,” McLaughlin said. “Momentum will carry Vice President Harris and Governor [Tim] Walz through.

Persons: Joe Biden, Kamala Harris, Harris, Donald Trump’s, “, ” Harris, Julie Chavez Rodriguez, ”, Verrett, Trump, Biden, Shawn Fain, Chavez Rodriguez, they’ve, ” Biden, canvassers, “ Trump, ” Chavez Rodriguez, Sen, Laphonza Butler, ” Butler, Harris ’, Karoline Leavitt, ” Leavitt, Jim McLaughlin, —, Harris —, ” McLaughlin, Tim, Walz Organizations: ” Workers, Service Employees International Union, Culinary Workers Union, AFL, CIO, Democratic, SEIU, United Automobile Workers, General Motors, Heritage Foundation’s, Trump, Democrats, Sun, Boeing, Teamsters Union, Teamsters, Arizona’s AFL, United Food & Commercial Workers, Biden Locations: Midwest, janitors, Canada, California , Illinois, New York, Arizona , Nevada , Georgia, North Carolina, Flint, Mich, McDonald’s, California, U.S, Reno , Nevada, Las Vegas, Nevada, Arizona

☆ Fed 50 basis-point cut is a 'risk management' decision, says New Century's Claudia Sahm
▼ + stars: | 2024-09-18 | 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 EmailFed 50 basis-point cut is a 'risk management' decision, says New Century's Claudia SahmDavid Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC's 'Power Lunch' to break down the Fed's decision to cut interest rates by 50 basis- points and what it means for markets.

Persons: Claudia Sahm David Kelly, Claudia Sahm, Jim Caron Organizations: JPMorgan Asset Management, Claudia Sahm , New, Morgan Stanley Investment Management Locations: Claudia Sahm ,

☆ Fed's 50bps cut may send wrong message to equity markets, says JPMorgan's David Kelly
▼ + stars: | 2024-09-18 | 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 EmailFed's 50bps cut may send wrong message to equity markets, says JPMorgan's David KellyDavid Kelly, JPMorgan Asset Management chief global strategist; Claudia Sahm, New Century chief economist; and Jim Caron, CIO of cross-asset solutions at Morgan Stanley Investment Management, join CNBC's 'Power Lunch' to break down the Fed's decision to cut interest rates by 50 basis points and what it means for markets.

Persons: JPMorgan's David Kelly David Kelly, Claudia Sahm, Jim Caron Organizations: JPMorgan Asset Management, Claudia Sahm , New, Morgan Stanley Investment Management Locations: Claudia Sahm ,

☆ Position your portfolio for a steeper yield curve, says Neuberger Berman CIO Joseph Amato
▼ + stars: | 2024-09-17 | 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 EmailPosition your portfolio for a steeper yield curve, says Neuberger Berman CIO Joseph AmatoJoseph Amato, Neuberger Berman President & CIO, joins 'Closing Bell Overtime' to talk the state of the U.S. economy, weakness in the labor market, and what to expect from the Federal Reserve.

Persons: Neuberger Berman, Joseph Amato Joseph Amato Organizations: CIO, Federal Reserve Locations: U.S

☆ Looking for tech stocks? CIO names 3 to buy — and says Nvidia is still 'reasonably valued'
▼ + stars: | 2024-09-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. The chief investment officer believes Nvidia's stock is "reasonably valued," based on its two to three-year outlook. "We've been doing that, and we've been pretty happy with the price we've been getting," he added. Broadcom shares fell 7% in extended trading following its results announcement, but remain up close to 47.5% year-to-date. Nineteen of 33 analysts covering the stock give it a buy or overweight rating, according to FactSet data.

Persons: Jason Ware, Jensen Huang's, Ware, CNBC's, We've, we've, Oracle Corporation Ware, it's, Leswing, Jordan Novet Organizations: Microsoft, Nvidia, Oracle, Broadcom, Oracle Corporation, Apple, Tesla Locations: Albion

☆ The market has backed the Fed into a corner, says Michael Landsberg
▼ + stars: | 2024-09-17 | 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 market has backed the Fed into a corner, says Michael LandsbergMichael Landsberg, CIO at Landsberg Bennett Private Wealth Management, joins CNBC's 'The Exchange' to discuss why he thinks the Fed shouldn't cut rates by 50 basis-points, why stocks are having mixed reactions to macro data, and more.

Persons: Michael Landsberg Michael Landsberg Organizations: Bennett, Wealth Management

☆ Trade Tracker: Stephanie Link buys Exxon Mobil and Chipotle
▼ + stars: | 2024-09-17 | 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 EmailTrade Tracker: Stephanie Link buys Exxon Mobil and ChipotleStephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain her latest portfolio moves.

Persons: Stephanie, Stephanie Link, Hightower Organizations: Stephanie Link, Exxon Mobil

☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

☆ Midea's listing is a good sign for Chinese companies going global
▼ + stars: | 2024-09-17 | 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 EmailMidea's Hong Kong listing is a good sign for Chinese companies going global, investment firm saysWilliam Ma, CIO of Grow Investment Group, says "green shoots [are] coming back" in the Chinese market despite struggling macroeconomic data.

Persons: William Ma Organizations: Grow Investment Locations: Kong

☆ India's central bank chief plays down fears of a deposit crunch
▼ + stars: | 2024-09-17 | by ( Matt Clinch | ) www.cnbc.com time to read: +3 min

Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion in loans. "So there is a gap of 350 to 400 basis points," he said, referencing the difference between credit and deposit growth. Annual figures from August put loan growth at 13.6% with deposit growth at 10.8%, according to Reuters. When lending outpaces deposits, net interest margins — or the difference between what a bank earns on loans and pays out for deposits — take a hit. India's GDP slowed to 6.7% in the second quarter compared to last year's 8.2%, piling pressure on the central bank to reverse a recent hiking cycle.

Persons: Shaktikanta Das, Das, Ashish Gupta, CNBC's Organizations: CNBC, Reserve Bank of India, Reuters, Mutual Fund, Monetary, MPC Locations: India

☆ September is living up to its volatile reputation, says Hightower's Stephanie Link
▼ + stars: | 2024-09-16 | 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 EmailSeptember is living up to its volatile reputation, says Hightower's Stephanie LinkStephanie Link, Hightower Advisors CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to expect from the Fed this week, rate path outlook, and more.

Persons: Stephanie Link Stephanie Link, Hightower

☆ Axis AMC CIO: Banking earnings to "be more muted" this year
▼ + stars: | 2024-09-16 | 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 EmailAxis AMC CIO: Banking earnings to "be more muted" this yearAshish Gupta, CIO at Axis Mutual Fund sees a pickup in Indian IPOs in response to increased demand to invest in the Indian market, but a more muted earnings picture for banks as the Reserve Bank of India looks to cut rates in 2024.

Persons: Ashish Gupta Organizations: Mutual Fund, Reserve Bank of Locations: Reserve Bank of India

☆ The Fed should go for a 25 basis point rate cut this week, says Franklin Templeton's Desai
▼ + stars: | 2024-09-16 | 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 EmailThe Fed should go for a 25 basis point rate cut this week, says Franklin Templeton's DesaiSonal Desai, Franklin Templeton Fixed Income CIO, joins 'Money Movers' to discuss what the Fed will do at this week's meeting, how the bond market will react to the Fed's decision, and much more.

Persons: Franklin Templeton's Desai Sonal Desai, Franklin Templeton

☆ Nuveen's Saira Malik explains why she's concerned a recession could be coming
▼ + stars: | 2024-09-16 | by ( Bob Pisani | Angelica Peebles | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNuveen's Saira Malik explains why she's concerned a recession could be comingSaira Malik, president of Nuveen Equities and Fixed Income and CIO, joins CNBC's Bob Pisani at Future Proof 2024 to discuss her outlook for the U.S. economy and what signals could point to an upcoming recession.

Persons: Saira Malik, she's, Bob Pisani Locations: U.S

☆ Morgan Stanley lays out the stock market's best-case scenario for this week's Fed decision — and 2 areas to buy after the cut
▼ + stars: | 2024-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Ideally the Fed will cut rates by a half-point without triggering growth worries, Morgan Stanley says. According to new research from Morgan Stanley, that would be the best possible outcome for stocks. Ahead of the rate cut, Morgan Stanley suggested that investors increase exposure to two stock cohorts that have historically outperformed in similar environments: defensive and high-quality. Defensive stocks include sectors such as utilities and consumer staples — groups that are less reliant on macroeconomic conditions to perform well. Large caps also tend to outperform small caps both before and after the Fed's first rate cut.

Persons: Morgan Stanley, Mike Wilson, —, Morgan, cyclicals, Wilson Organizations: Service, Federal Reserve

☆ Resist the temptation of AI and bet on safe defensive stocks, Wall Street analysts say
▼ + stars: | 2024-09-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

More analysts are recommending "defensive" shares over AI plays as macro conditions change. With some questioning the AI rally, investors could benefit from non-tech growth companies, an analyst said. Similar to BofA's call, Morgan Stanley's Mike Wilson last week called the AI theme "overcooked" and said investors should shift to defensive shares. But in tune with what others had said, Diton also touted that utilities stocks as one meaningful investment to make right now. As bullish on AI as he may be, he warned that the market has become extremely concentrated in tech's leading names, and investors need to diversify.

Persons: —, Morgan Stanley's Mike Wilson, Brad Conger, Hirtle Callaghan, Conger, Morgan Stanley's Wilson, Eric Diton, Diton Organizations: Service, Nvidia, P Global Semiconductor, Bank of America, Vanguard, JPMorgan, Wealth Alliance, Federal Reserve Locations: BlackRock

☆ Investors are ignoring 2 big risks to markets, says CIO, naming stocks that are bond 'substitutes'
▼ + stars: | 2024-09-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Investors are ignoring two major risks to the market, according to Vahan Janjigian, chief investment officer at Greenwich Wealth Management. Geopolitical tensions and weak oil prices are the second risk, Janjigian said. He has been "surprised" that the Russia-Ukraine war, the Israel-Hamas conflict and weak oil prices haven't elicited a bigger reaction from the market. The International Energy Agency said in its recently monthly reports that global oil demand has been decelerating , adding that oil consumption in China — long the "engine of global oil demand growth" — contracted in April and May this year. In June, it added that Chinese oil demand contracted for a third consecutive month , driven by a slump in industrial activity.

Persons: Vahan Janjigian, CNBC's, Janjigian, —, Pfizer —, he's Organizations: Greenwich Wealth Management, U.S, International Energy Agency, IEA, IBM, Verizon, Pfizer, FactSet, Nvidia Locations: U.S, United States, U.S . Federal, Russia, Ukraine, Israel, China

☆ We'd 'love' to see a 50-basis-point cut by the Fed, analyst says — here's why
▼ + stars: | 2024-09-13 | 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'd 'love' to see a 50-basis-point cut by the Fed, analyst says — here's whyDavid Volpe, deputy CIO at Emerald Asset Management, said the U.S. Federal Reserve looks to be on the back foot and a bumper rate cut would help it stay ahead.

Persons: —, David Volpe Organizations: Fed, Emerald Asset Management, U.S . Federal

☆ Investors should be cautious in second half due to front-loaded 2024 gains, says Wells Fargo's Cronk
▼ + stars: | 2024-09-13 | 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 EmailInvestors should be cautious in second half due to front-loaded 2024 gains, says Wells Fargo's CronkDarrell Cronk, Wells Fargo CIO for wealth and investment management, joins CNBC to discuss what market outlooks ahead of Fed rate cuts, how to position, and more.

Persons: Wells Fargo's Cronk Darrell Cronk Organizations: CNBC Locations: Wells

☆ We'd 'love' to see a 50-basis-point hike by the Fed, analyst says — here's why
▼ + stars: | 2024-09-13 | 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'd 'love' to see a 50-basis-point hike by the Fed, analyst says — here's whyDavid Volpe, deputy CIO at Emerald Asset Management, said the U.S. Federal Reserve looks to be on the back foot and a bumper rate cut would help it stay ahead.

Persons: —, David Volpe Organizations: Fed, Emerald Asset Management, U.S . Federal

☆ To pop or not to pop: the smart way to invest in AI without worrying about the bubble
▼ + stars: | 2024-09-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.

Persons: —, Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton

☆ Stock market today: S&P 500 notches 5-day streak of gains ahead of next week's Fed meeting
▼ + stars: | 2024-09-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The S&P 500, Nasdaq 100, and Dow Jones all posted gains amid rate cut speculation. Odds of a 50 basis point cut rose sharply this week from about 30% to 49%. The S&P 500 and Nasdaq 100 notched a five-day win streak, while the Dow Jones Industrial Average surged almost 300 points. Odds are split 49% / 51% for a 50 basis point or 25 basis point rate cut, respectively. Advertisement"A less aggressive Fed rate outlook could spark some volatility given market expectations," Adam said.

Persons: Dow Jones, —, Raymond James, Larry Adam, Adam Organizations: Nasdaq, Service, Federal Reserve, Dow Jones, Dow, Open, Fed, Markets

☆ The current market is 'directionless,' one CIO says, naming 6 stocks he likes right now
▼ + stars: | 2024-09-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Defensive and dividend plays Alexander's strategy in playing the market right now is through defensive sectors and dividend players. As for dividend plays, Alexander is bullish on the utilities and telco sectors amid falling Treasury yields . Big pharma plays Alexander is also likes health-care and biotech players, especially big pharmaceutical companies producing products serving medical needs. Names he likes include AbbVie , AstraZeneca , Novartis and Johnson & Johnson . Johnson & Johnson, meanwhile, has been building out a "pipeline of drugs," Alexander added.

Persons: Ted Alexander, we've, we're, Alexander, it's, bullish, Durex, They've, Mead Johnson, Johnson Organizations: U.S, U.S . Federal, Sydney, Telecommunications, AT, Verizon, Frontier Communications, London Stock Exchange, Big pharma, AstraZeneca, Novartis, Johnson Locations: U.S ., South Dallas, U.S

☆ Trade Tracker: Stephanie Link buys more Broadcom
▼ + stars: | 2024-09-12 | 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 EmailTrade Tracker: Stephanie Link buys more BroadcomStephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more Broadcom.

Persons: Stephanie Link, Broadcom Stephanie Link, Hightower Organizations: Broadcom

☆ Plenty of logic for the Fed to 'front-load' rate cuts with 50 basis points, says BMO's Yung-Yu Ma
▼ + stars: | 2024-09-12 | 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 EmailPlenty of logic for the Fed to 'front-load' rate cuts with 50 basis points, says BMO's Yung-Yu MaYung-Yu Ma, CIO of BMO Capital, joins CNBC's 'Money Movers' to discuss his expectations for the Fed, the health of retail sales, and more.

Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: Fed, BMO Capital

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