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In today’s edition, politics reporter Allan Smith looks at how Elon Musk could help (or hurt) Donald Trump on the campaign trail. Plus, national political correspondent Steve Kornacki breaks down the different paths to victory Kamala Harris and Trump are attempting to chart in Pennsylvania. The disparate images helped paint a picture of both the benefits and the detriments to having Musk in Trump’s corner. Musk’s appearance at Trump’s Pennsylvania rally over the weekend was the culmination of a yearslong rightward drift for the eccentric billionaire, expedited by his purchase of Twitter in 2022. After his appearance in western Pennsylvania, Musk started to offer people $47 if they successfully get a swing-state voter to sign onto a petition backing the First and Second Amendments.
Persons: Allan Smith, Elon, Donald Trump, Steve Kornacki, Kamala Harris, Trump, Elon Musk, Donald Trump’s, cringeworthy, he’s, Hurricane Helene, Musk, MAGA ”, , , Dasha Burns, asha, ake, , ince, linton, hite, ittsburgh Organizations: NBC, White House, Capitol, Secret Service, Twitter, Trump, America PAC, Politico, ince, ust Locations: Pennsylvania, Butler, Pa, Trump’s, osh
Netflix has released a true crime drama and a documentary about the Menendez brothers' high-profile '90s trial. AdvertisementNetflix has released both a true crime drama and a documentary about brothers Erik Menendez and Lyle Menendez, who killed their parents in 1989. Lyle Menendez and Erik Menendez's attorneys believe new evidence could prove their father abused themErik Menendez, and Cooper Koch in "Monsters: The Lyle and Erik Menendez Story." The creators of "Monsters" and "The Menendez Brothers" didn't want to get involved in the caseRyan Murphy onstage at a "Monsters: The Lyle and Erik Menendez Story" event in New York. AdvertisementHe added that the series was "the best thing that has happened to the Menendez brothers in 30 years" because it rekindled public interest in their case.
Persons: Menendez, , Erik Menendez, Lyle Menendez, José Menendez, Kitty Menendez, Lyle, Erik Menendez's, Cooper Koch, Judge Stanley M, Weisberg, Robert Rand, Andy Cano, NddiqeIBRw, Rob Rand, Roy Roselló, Menudo, Ryan Murphy, Roy Rochlin, Ross Dinerstein, Rebecca Evans, they've, Evans, We're, George Gascón, Gascón, Laurie L, Levenson Organizations: Netflix, Service, Menudo, Rob Rand Wants Justice, Menendez, Hollywood, Variety, Attorney, Loyola Law School Locations: New York, Los Angeles County, Los Angeles
But there's one hiccup: your retirement savings rate could fall behind and the opportunity costs could pile up. The reason is that the most common default savings rate was quite low, at only 3%. Those who saw a raise below 10% saw a drop in their savings rate and the dollar amount they saved. Those lucky enough to snag an increase above 10%, still ended up with a higher dollar amount saved even with a lower savings rate. For passive savers who are stuck in their ways, it may be up to employers to make the adjustments by increasing the default savings rate.
Persons: switchers, , It's Organizations: Service, Vanguard
I am going to explore an interesting trade set-up using three exponential moving averages to identify a restaurant stock that will continue to trend downward. Looking at the one-year daily chart of Olive Garden-parent Darden Restaurants (DRI) , you'll notice the stock has faced resistance around the $175 level and is currently in a downtrend. I've highlighted several instances over the past year where the 10-day EMA crossed either above or below the 21-day EMA. The trade Building on this analysis, I'm considering a bearish strategy on DRI, using a trade structure known as a bear put spread. Adding 10 contracts to this trade risks $2500 to make $2500 and provides a robust ROI for the capital risked.
Persons: Nishant Pant Organizations: Darden, EMA, CNBC, NBC UNIVERSAL
More than 45 million DJT shares were exchanged Tuesday, more than tripling its 30-day average volume. Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceThe rally has accelerated since Saturday, when the company's majority owner, Donald Trump, held a presidential campaign rally near Butler, Pennsylvania, at the same site where he was nearly assassinated at a rally on July 13. Musk, the mega-billionaire who owns the social media site X, told the audience that Trump "must win to preserve democracy in America." But the stock price surge also comes despite news about Trump Media that might ordinarily raise concerns about a company's well-being. Neither Trump Media nor Northwall said why he quit, and the company has not announced a successor.
Persons: Pavlo Gonchar, DJT, Price, Donald Trump, Trump's, Elon Musk, Trump, Andrew Northwall, Northwall, Sandro de Moraes Organizations: Lightrocket, Getty, Trump Media, Nasdaq, GOP, Trump Media's Locations: Butler , Pennsylvania, America
Cramer's Lightning Round: 'I like Target right here'
  + stars: | 2024-10-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Unity Software's year-to-date stock performance. Stock Chart Icon Stock chart icon Alumis' year-to-date stock performance. Stock Chart Icon Stock chart icon Target's year-to-date stock performance. Stock Chart Icon Stock chart icon SoundHound AI's year-to-date stock performance. Stock Chart Icon Stock chart icon Merck's year-to-date stock performance.
Persons: Alumis, It's, SoundHound Organizations: Unity Software, Merck
The charts indicate it may be time to look at chip stocks once again. However, the major semi names like Nvidia (NVDA) , Broadcom (AVGO) and AMD (AMD) have not actually fallen significantly in this rotation. Before we get into the specifics of Broadcom, let's take a look at the rotation out of semis starting in early August. Broadcom's chart Broadcom is a key holding in both my dividend and growth portfolios at Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: swoon, we're, I've, you've, Todd Gordon, Gordon, AVGO Organizations: Semiconductor, Nvidia, Broadcom, AMD, CNBC Pro, let's, I've, Edge, Inside Edge, CNBC, NBC UNIVERSAL
Ukraine is set for another fierce winter as Russia is expected to keep up the pressure. It'll come at a cost for Moscow: Over 1,000 wounded or dead troops per day, the UK MOD said on Monday. British officials said Russia has likely suffered over 648,000 casualties since the war began. AdvertisementThe UK Defense Ministry expects Russia to lose 1,000 or more troops per day in the coming winter, saying Moscow will likely keep trying to overwhelm Ukraine in the next months despite difficult conditions. Russian troops took Vuhledar in early October after two years of fighting.
Persons: , lon Organizations: Service, UK Defense Ministry, New York Times, Kremlin, Latest Defence, Defence, unc Locations: Ukraine, Russia, Moscow, May, Ukrainian
Source: Brian McNoldy; University of Miami Upper Ocean Dynamics LabSee the Ocean Heat Fueling Hurricane Milton, in One ChartThe energy that supercharged Hurricane Milton into a Category 5 storm on Monday came from the waters of the Atlantic Ocean, which have been abnormally warm not just at the surface, but at depth, too. The seas absorb most of the extra heat that carbon dioxide and other greenhouse gasses trap near Earth’s surface. So the same human-caused forces that have been bringing abnormal heat to towns, cities and landscapes are helping to warm the oceans. Ocean heat content is a metric that captures the amount of thermal energy stored from the sea surface down through the ocean depths. “It’s felt like an entire hurricane season has taken place over the past few weeks,” Dr. Wood said.
Persons: Jan, Brian McNoldy, Milton, Helene, Kim Wood, “ It’s, , Wood Organizations: University of Miami Upper Ocean Dynamics, Hurricane Milton, National Centers for Environmental, University of Arizona Locations: Gulf of Mexico, Gulf, Mexico, Milton, Asheville, N.C
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XOM, Katie Stockton Organizations: XLE, Exxon Mobil, bbl, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
Market volatility will likely increase from here as the race for the White House enters its final weeks, according to Wolfe Research. Technical strategist Rob Ginsberg tracked the average move of the CBOE Volatility Index (VIX) during a presidential election year. With momentum rolling over and several sectors seeing healthy pullbacks of late ... we feel the S & P is overdue for another 3 – 4% correction." To be sure, any troubles in the market into Election Day would mark a turn after an unusually strong year. Notably, Bespoke Investment Group found the S & P 500 notched its largest gain over the first nine months of a year since 1997.
Persons: Brace, Rob Ginsberg, bode, Ginsberg, What's Organizations: White, Wolfe Research, Traders, Nasdaq, Dow Jones, Investment, Carson Group Locations: Israel
After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.
Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast
The upcoming month is a crucial time for the stock market, with a series of events that will make an impact. A quick peek at the history of S & P earnings reveals a couple of things. Note that the chart below depicts S & P earnings on a logarithmic scale —S & P earnings have grown by more than ninefold since January 1991. Over the past two years, S & P earnings have grown from ~$196 "per share" to about $204, an increase of 4%, but the S & P 500 Index has risen by more than 60% over the same period. Why not purchase a downside SPDR S & P 500 ETF Trust put spread if these cause a pullback?
Persons: Low, we'll Organizations: U.S, Trust, CNBC, NBC UNIVERSAL Locations: U.S
Chart of the Day: Pfizer
  + stars: | 2024-10-07 | 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 EmailChart of the Day: PfizerStarboard takes a $1 billion stake in $PFE. It's our Chart Of The Day. The Investment Committee discuss healthcare and biotech stocks.
Organizations: Pfizer
Like the September 11 attacks in 2001, the Hamas horror set off a chain of events that affected countless lives, unleashing political disturbances thousands of miles away. At home, the fallout of the Hamas attacks has coincided with the toxic politics of a presidential election year. Deep domestic political aftershocksThe Hamas terror attacks – and Israel’s response – have laid bare and widened splits in American society and domestic politics. He has found common interest with Republicans who sought to use the war to damage Biden as the election loomed. Many American Jews have felt unsafe at home amid antisemitism provoked both by Hamas’ attacks and some of the protests over Israel’s response.
Persons: CNN —, Joe Biden, Kamala Harris, Donald Trump, Israel, Biden, Harris, it’s, Benjamin Netanyahu, Antony Blinken, William Burns, Netanyahu, Yahya Sinwar, Weeks, outlast Biden, bequeath, Trump, , Fury, Joe, , ” Harris, , Clinton, , Israel shouldn’t, goading Netanyahu, ” Trump, Jonathan Greenblatt, he’d, ” Greenblatt, Dana Bash, What’s, bedeviled Biden Organizations: CNN, Hezbollah, Democratic Party, Trump, CIA, US, Republicans, Democratic, Arab American, CBS, Washington, GOP, Defamation League, ADL Locations: Israel, America, Iran, United States, Yemen, Red, Washington, Jordan, Gaza, Russia, China, Lebanon, Michigan, North Carolina, “ State
When the power goes out, it’s a race against time to make sure food doesn’t spoil. “Bacteria multiply quickly between temperatures of 40 degrees Fahrenheit and 140 degrees Fahrenheit,” CNN wellness expert Dr. Leana Wen told CNN. Once the power is cut, a full freezer can hold a safe temperature for 48 hours with the door closed. They should also be kept in separate areas of the refrigerator any day of the week, regardless of the weather. If you are in one of these high-risk groups, the CDC recommends paying special attention to food safety procedures when buying, preparing, cooking and storing your food.
Persons: it’s, Leana Wen, , , Bill Marler, ” Marler, they’re, Don’t, Hurricane Helene, Bryan Olin Dozier, Wen, Marler Organizations: CNN — Hurricanes, US Centers for Disease Control, CDC, CNN, Press Locations: Seattle, CJ's, Lansing , North Carolina
Not long ago, Tunisia was hailed as the Arab Spring’s only success story. He advanced to a runoff promising to usher in a “New Tunisia” and hand more power to young people and local governments. Seventeen potential candidates filed paperwork to run and Tunisia’s election authority approved only three: Saied, Zouhair Maghzaoui and Ayachi Zammel. That includes the 83-year-old leader of Tunisia’s most well organized political party Ennahda, which rose to power after the Arab Spring. People stand in line outside a polling station during the presidential election in the capital Tunis, Tunisia, on October 6, 2024.
Persons: Press — Tunisians, Kais Saied, El, Ben Ali —, Zouhair Maghzaoui, Saied, Saied’s, Zouhair, Ayachi, Jihed Abidellaoui, Rached Ghannouchi, party’s, Abir, Ennahda —, Tunisians, Zoubeir Souissi, Yassine Mahjoub, who’ve, Tunisia won’t Organizations: Press, Abid, Authorities, Reuters, Free Destourian Party, World Bank, European Union, Today, International Monetary Fund, Reuters Economic, Tunisia's, Independent Authority, Elections, Getty, Initiative, Saied Locations: TUNIS, Tunisia, Egypt, Libya, Yemen, Tunis, Europe, Saharan Africa, Africa, AFP, , Iran, Russia, Saied, Israel
He said the show was the best thing to happen to Erik Menendez and Lyle Menendez in 30 years. Lyle Menendez and Erik Menendez killed José Menendez and Kitty Menendez in their family home in 1989. True crime has helped to exonerate peopleRyan Murphy at "Monsters: The Lyle And Erik Menendez Story" premiere. Netflix's Menendez brothers shows wouldn't achieve much in courtLyle Menendez and Erik Menendez during their trial in 1994. Cooper Koch playing Erik Menendez and Nicholas Chavez playing Lyle Menendez in "Monsters."
Persons: Ryan Murphy's, Erik Menendez, Lyle Menendez, , Ryan Murphy, Erik, José Menendez, Kitty Menendez, Jeffrey Dahmer, Menendez, Netflix didn't, mistruths, Joan VanderMolen, Lyle, o7KEOEoYwr — Tammi Menendez, Murphy, haven't, it's, Steve Granitz, Shima, Steven Avery, Brendan Dassey, Teresa Halbach, Barack Obama, Kathleen Zellner, Avery, Zellner, Baughman, Dassey, Netflix's Menendez, Ted Soqui, Laurie L, Levenson, David W, Netflix's, Malcolm X, " Levenson, they're, Cooper Koch, Nicholas Chavez, Miles Crist, Roy Roselló's, Roselló Organizations: Service, Netflix, Business, Hollywood, BYU Law School, Guardian, Getty, Burcham, Loyola Law School, LA Times, RCA Locations: Utah, Wisconsin, Los Angeles
From time to time in markets, a single area or theme in the market gets "so embraced", "so believed in", "so relied on" that the theme in question becomes "overbought"... "expensive"... "full". Such is the case with the S & P 500 Utilities sector, by our work. The chart below of the Utilities Select Sector SPDR ETF (XLU) since the 2009 Financial Crisis low, tells the tale. At present, XLU is as "overbought" and "expensive" as at any time since the 2009 low. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com .
Persons: Carter Braxton Worth Organizations: Utilities, , CNBC, NBC UNIVERSAL
Ed Yardeni predicts the S&P 500 could reach 8,000 by 2030. AdvertisementThere's a simple reason one of the most bullish Wall Street strategists expects the stock market to continue rising in the years ahead: compound interest. At a compounded annual growth rate of between 6% and 7%, the S&P 500 is on track to hit 8,000 by 2030, representing potential upside of about 40% from current levels. "The S&P 500 stock price index is driven by its earnings per share (EPS), which has been growing mostly between 6% and 7% since the 1950s," Yardeni said. He added: "EPS could double to $400 by the end of the decade in our Roaring 2020s scenario," Yardeni said.
Persons: Ed Yardeni, , it's, Yardeni Organizations: Service, Yardeni, Federal Reserve
Cramer's Lightning Round: Shopify is a buy
  + stars: | 2024-10-04 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon FTAI Aviation's year-to-date stock performance. Stock Chart Icon Stock chart icon AST SpaceMobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Shopify's year-to-date stock performance. Stock Chart Icon Stock chart icon First Watch Restaurant Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Figs' year-to-date stock performance.
Persons: FTAI, it's Organizations: FTAI Locations: RTX
Chappell Roan has endured backlash on social media for sharing her political opinions and canceling shows. That quote was subsequently clipped and shared widely on social media, where uproar promptly ensued. Even if canceling shows could drive away fans, it's worth the riskFans at a Chappell Roan concert in October 2023. Maybe Roan should pull back from social media — but that's ultimately her callChappell Roan points at a photographer on the VMAs red carpet. Swift turned off Instagram comments years ago, Gomez has said she deleted the app from her phone, and others have quit posting on social media altogether.
Persons: Chappell Roan, , Roan, she's, who's, Taylor Swift's, TikTok, Donald Trump, Gen Zers, Kamala Harris, mispronouncing Harris, they're, chappell, ake, ould, ong, ike J ustin, elena G omez,, ike, B, R., hore, orth, veryone's, IKE —, hite Organizations: Service, Poets Department, Guardian, Democratic, ust Locations: Roan, rive, ashington, uman
The September jobs report was surprisingly strong , and the details show that growth came from many different areas of the economy. Within hospitality, food services and drinking places saw jobs jump by 69,000. Professional and business services grew by 17,000 jobs, which is a notable change for a category that had shed jobs in recent months. The only caution flag could be the rise in those with multiple jobs," Roach said. Two key areas that lost jobs last month were manufacturing and transportation and warehousing, though each category shrank by fewer than 10,000 jobs.
Persons: Jeffrey Roach, Roach Organizations: of Labor Statistics . Government, LPL Financial
"I tell you, I have never voted for a Democrat, but this year, I am proudly casting my vote for Vice President Kamala Harris," Cheney told the crowd. Cheney said in September that both she and her father, Republican former Vice President Dick Cheney, would be voting for Harris over their party's nominee, former President Donald Trump. The Harris campaign has been looking for ways to take advantage of opposition to Trump within the Republican party. Since then, a small but growing number of prominent Republicans have come out in support of Harris' presidential campaign, including former Trump White House aide Cassidy Hutchinson and the Cheneys. "We have plenty of policy disagreements with Vice President Harris.
Persons: Liz Cheney, Kamala Harris, Harris, Cheney, Dick Cheney, Donald Trump, Trump's, Jack Smith, Trump, Harriet Hageman, Republican party's, Liz, Cassidy Hutchinson, Walz, denialism, Donald Trump's, Nikki Haley, Hillary Clinton, Joe Biden Organizations: Republican, Democratic, Democrat, Republicans, Washington D.C, House Republican Conference, Wyoming GOP, Trump, Republican Party, Historic Landmark, Trump White House, Wisconsin Republican, Wisconsin Republicans, Harris, Wisconsin's Electoral, Badger State Locations: Ripon , Wisconsin, Washington, Wyoming, Wisconsin, Carolina, Ripon
Housing is one of many issues Vance, the Republican nominee, believes are rooted in the arrival of undocumented migrants in America. But many economists caution that connecting rising numbers of immigrants to housing costs is no simple thing. Other economists have noted links between immigrants and increased housing costs. Vance later shared two studies on housing and immigration that showed a link between increased immigration and rising housing costs — though each offered various caveats, including noting that the impact changes over time. Indeed, Zillow data shows a clear upward trend in Springfield rents this year compared with 2023.
Persons: America’s, Sen, JD Vance, Tim Walz, Vance, you’ve, ” Vance, Donald Trump, Walz, , ” Walz, Kamala Harris, Ernie Tedeschi, Joe Biden, Vance’s, Michelle Bowman, Chris Herbert, Herbert, Sharon Cornelissen, Bryan Heck, Democratic Sen, Sherrod Brown, Heck, ” Heck Organizations: Minnesota Gov, Republican, CBS, Democratic, NBC, White House, Federal, Cato Institute, Harvard University’s, for Housing Studies, Consumer Federation of America, NBC Boston Locations: Ohio, America, Springfield , Ohio, U.S, New York City, Los Angeles, Dearborn, Hamtramck, Detroit, Brockton , Massachusetts, Haiti, Cape Verde, Central, South America, Springfield, Washington
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