Trump team is becoming ‘more realistic and sensible,’ says EU boss

“Yet the Trump government seems to become more and more realistic and sensible. Since his election a trade deal between Europe and the United States has looked increasingly elusive. Meanwhile, Trump has already taken the U.S. out of a global deal on climate change – the Paris Accord. “If the Americans no longer lead the free world then the Europeans should consider taking that lead,” he said. He believes that the less internationally friendly approach by the US is “an opportunity for Europe to s


“Yet the Trump government seems to become more and more realistic and sensible. Since his election a trade deal between Europe and the United States has looked increasingly elusive. Meanwhile, Trump has already taken the U.S. out of a global deal on climate change – the Paris Accord. “If the Americans no longer lead the free world then the Europeans should consider taking that lead,” he said. He believes that the less internationally friendly approach by the US is “an opportunity for Europe to s
Trump team is becoming ‘more realistic and sensible,’ says EU boss Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: silvia amaro, steve sedgwick
Keywords: news, games, cnbc, companies, free, deal, boss, trump, europe, eu, lead, protectionist, realistic, lying, finance, sensible, team, id, worry


Trump team is becoming ‘more realistic and sensible,’ says EU boss

I’d be lying if I said I didn’t worry about Trump, top EU official says 5 Hours Ago | 01:21

The chief finance minister for the euro zone has underlined his optimism for the President Donald Trump administration despite ongoing concerns regarding its protectionist agenda.

“I would be lying if I say I’d be free of worries so yes I worry about it,” Jeroen Dijsselbloem told CNBC Saturday when asked about Trump’s attitudes.

“Yet the Trump government seems to become more and more realistic and sensible. So let’s put out confidence in that,” he said, speaking in an exclusive interview on the sidelines of the Ambrosetti Forum in Italy.

Trump was elected on a protectionist platform. Since his election a trade deal between Europe and the United States has looked increasingly elusive. And another agreement between North American partners (the so-called NAFTA deal) is at risk of being scrapped. Meanwhile, Trump has already taken the U.S. out of a global deal on climate change – the Paris Accord.

According to Dijsselbloem, who heads up a meeting called the Eurogroup – 19 finance ministers from the nations that share the euro – such a protectionist attitude doesn’t match the interests of Europe – a region still very much focused on free trade.

“If the Americans no longer lead the free world then the Europeans should consider taking that lead,” he said. He believes that the less internationally friendly approach by the US is “an opportunity for Europe to step further.”


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: silvia amaro, steve sedgwick
Keywords: news, games, cnbc, companies, free, deal, boss, trump, europe, eu, lead, protectionist, realistic, lying, finance, sensible, team, id, worry


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Google still a ‘wonderful’ company, says EU’s top antitrust enforcer after $2.7 billion fine

Google is still very much a force for good and has many positive attributes, according to the EU’s competition commissioner who slapped the tech giant with a $2.7 billion fine earlier this year. “This is a decision about legal behavior that they (Google) should and can correct,” Vestager said about June’s fine for the U.S. firm. However, she added that Google doesn’t have a bad attitude towards competition. “In other respects, Google is a wonderful company, very, very innovative and they have br


Google is still very much a force for good and has many positive attributes, according to the EU’s competition commissioner who slapped the tech giant with a $2.7 billion fine earlier this year. “This is a decision about legal behavior that they (Google) should and can correct,” Vestager said about June’s fine for the U.S. firm. However, she added that Google doesn’t have a bad attitude towards competition. “In other respects, Google is a wonderful company, very, very innovative and they have br
Google still a ‘wonderful’ company, says EU’s top antitrust enforcer after $2.7 billion fine Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: silvia amaro, steve sedgwick, francois lenoir
Keywords: news, games, cnbc, companies, yearthis, tech, vestager, respects, wonderful, billion, google, enforcer, 27, slapped, company, told, antitrust, fine, sidelines, eus


Google still a ‘wonderful’ company, says EU's top antitrust enforcer after $2.7 billion fine

Google is still very much a force for good and has many positive attributes, according to the EU’s competition commissioner who slapped the tech giant with a $2.7 billion fine earlier this year.

“This is a decision about legal behavior that they (Google) should and can correct,” Vestager said about June’s fine for the U.S. firm. However, she added that Google doesn’t have a bad attitude towards competition.

“In other respects, Google is a wonderful company, very, very innovative and they have brought us innovation that has changed our lives,” she told CNBC on the sidelines of the Ambrosetti Forum Saturday.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: silvia amaro, steve sedgwick, francois lenoir
Keywords: news, games, cnbc, companies, yearthis, tech, vestager, respects, wonderful, billion, google, enforcer, 27, slapped, company, told, antitrust, fine, sidelines, eus


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Here are 3 ways to close the investment timing gap

We can all be accused of bad timing on occasion: walking in at the wrong moment or telling an inappropriate joke at a family gathering. Yet when it comes to investing, most individuals are consistently bad at timing market moves, although there are signs they are getting slightly better. It’s a bugaboo for millions investing in such places as 401(k) plans and discount brokerages. The gap is mostly caused by investors jumping in and out of funds at inopportune times. When they should be buying, t


We can all be accused of bad timing on occasion: walking in at the wrong moment or telling an inappropriate joke at a family gathering. Yet when it comes to investing, most individuals are consistently bad at timing market moves, although there are signs they are getting slightly better. It’s a bugaboo for millions investing in such places as 401(k) plans and discount brokerages. The gap is mostly caused by investors jumping in and out of funds at inopportune times. When they should be buying, t
Here are 3 ways to close the investment timing gap Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: john wasik, rj sangosti, the denver post, getty images, -russel kinnel, morningstar research services
Keywords: news, games, cnbc, companies, consistently, times, close, gap, investment, vice, ways, telling, bad, versa, walking, wrong, timing, investing


Here are 3 ways to close the investment timing gap

We can all be accused of bad timing on occasion: walking in at the wrong moment or telling an inappropriate joke at a family gathering.

Yet when it comes to investing, most individuals are consistently bad at timing market moves, although there are signs they are getting slightly better.

With few exceptions, individual investor returns consistently lag mutual fund performance. It’s a bugaboo for millions investing in such places as 401(k) plans and discount brokerages. The gap is mostly caused by investors jumping in and out of funds at inopportune times. When they should be buying, they are selling — and vice versa.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: john wasik, rj sangosti, the denver post, getty images, -russel kinnel, morningstar research services
Keywords: news, games, cnbc, companies, consistently, times, close, gap, investment, vice, ways, telling, bad, versa, walking, wrong, timing, investing


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Huawei launches its first A.I. mobile chip with Apple reportedly set to enter market

Huawei unveiled its first artificial intelligence (AI) chip for mobile devices on Saturday, pitting it against major players like NVIDIA, Google and potentially Apple. The Kirin 970 is the size of a thumbnail and will support many of the AI capabilities that devices need today, such as voice interaction and image recognition. Huawei’s chip supports on-device AI. That means the AI functions are processed on the smartphone rather than in the cloud, which could speed up processes. Firstly, it allow


Huawei unveiled its first artificial intelligence (AI) chip for mobile devices on Saturday, pitting it against major players like NVIDIA, Google and potentially Apple. The Kirin 970 is the size of a thumbnail and will support many of the AI capabilities that devices need today, such as voice interaction and image recognition. Huawei’s chip supports on-device AI. That means the AI functions are processed on the smartphone rather than in the cloud, which could speed up processes. Firstly, it allow
Huawei launches its first A.I. mobile chip with Apple reportedly set to enter market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: arjun kharpal, lluis gene, afp, getty images
Keywords: news, games, cnbc, companies, making, mobile, voice, apple, launches, devices, huawei, chip, ai, unveiled, smartphone, world, market, today, set, reportedly, enter


Huawei launches its first A.I. mobile chip with Apple reportedly set to enter market

Huawei unveiled its first artificial intelligence (AI) chip for mobile devices on Saturday, pitting it against major players like NVIDIA, Google and potentially Apple.

The Kirin 970 is the size of a thumbnail and will support many of the AI capabilities that devices need today, such as voice interaction and image recognition.

Huawei’s chip supports on-device AI. That means the AI functions are processed on the smartphone rather than in the cloud, which could speed up processes.

Manufacturers are bringing increasingly complex features to devices such as augmented reality. These require new chipsets as they advance.

Huawei could see some advantages by making their own chips. Firstly, it allows the company to control the exact design of their smartphone which could help it differentiate in a very crowded market. The Chinese firm has been making a big push in the smartphone space and is now the third-largest player in the world by market share, just behind Apple, according to research group IDC.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: arjun kharpal, lluis gene, afp, getty images
Keywords: news, games, cnbc, companies, making, mobile, voice, apple, launches, devices, huawei, chip, ai, unveiled, smartphone, world, market, today, set, reportedly, enter


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How Low-Cost Airlines Alter the Economics of Flying

The primary factor was Spirit Airlines. “Without the low-cost carriers, we would have been looking at a pretty significant downturn in activity,” said James Tyrrell, chief revenue officer at Philadelphia International Airport. Frontier Airlines, another low-cost carrier, had also added flights from Philadelphia, Mr. Tyrrell said. “It’s impossible to underestimate just how important the effect of low-cost carriers are on a given route,” said William McGee, the aviation adviser for Consumers Union


The primary factor was Spirit Airlines. “Without the low-cost carriers, we would have been looking at a pretty significant downturn in activity,” said James Tyrrell, chief revenue officer at Philadelphia International Airport. Frontier Airlines, another low-cost carrier, had also added flights from Philadelphia, Mr. Tyrrell said. “It’s impossible to underestimate just how important the effect of low-cost carriers are on a given route,” said William McGee, the aviation adviser for Consumers Union
How Low-Cost Airlines Alter the Economics of Flying Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: micah maidenberg, getty images
Keywords: news, games, cnbc, companies, alter, airlines, united, flying, carrier, flights, number, economics, major, spirit, carriers, lowcost, fares


How Low-Cost Airlines Alter the Economics of Flying

For more than three years, the average one-way fare between Detroit and Philadelphia never dipped below $308, and sometimes moved higher, topping $385 at one point.

But then, early in 2016, fares suddenly started to fall, according to data from the Bureau of Transportation Statistics. By the end of the year, the average one-way ticket between the two cities stood at just $183.

What changed? The primary factor was Spirit Airlines.

The low-cost carrier began operating flights from Philadelphia International Airport to Detroit in April 2016, offering one-way fares for less than $100, in some cases. Spirit’s move into the route pushed down average ticket costs at all carriers on it, including Delta Air Lines and American Airlines.

“Without the low-cost carriers, we would have been looking at a pretty significant downturn in activity,” said James Tyrrell, chief revenue officer at Philadelphia International Airport.

Frontier Airlines, another low-cost carrier, had also added flights from Philadelphia, Mr. Tyrrell said. Without such airlines, he added, “you would have absolutely seen a different pricing structure.”

More from The New York Times:

Manufacturing Is a Bright Spot in a Subdued Jobs Report

Why a 24-Year-Old Chipmaker Is One of Tech’s Hot Prospects

Even as a wave of mergers has cut the number of major carriers to four and significantly reduced competition, lower-cost airlines continue to play a role in moderating ticket costs.

While such airlines offer a no-frills passenger experience and charge plenty of fees for such luxuries as additional bags or extra legroom, they are able to stimulate new demand from occasional fliers with relatively cheap prices and even take passengers from the major carriers.

This dynamic is not new: In 1993, researchers at the Department of Transportation called the same trend the “Southwest effect,” named for Southwest Airlines, which grew rapidly thanks to basic, low-cost flights. A recent study by a University of Virginia professor and a consultant at the Campbell-Hill Aviation Group calculated that average one-way fares are $45 lower when Southwest serves a market with nonstop flights. Researchers have shown other low-cost carriers also push down fares.

“It’s impossible to underestimate just how important the effect of low-cost carriers are on a given route,” said William McGee, the aviation adviser for Consumers Union.

Carriers like United and American do not compete with carriers like Frontier and Spirit on every type of passenger. Lucrative corporate accounts are owned by the big carriers, and business travelers avoid the cheaper airlines, often choosing to pay premium prices at the last moment to get seats on the flights that best fit their schedules.

But the low-cost carriers nonetheless force the big airlines to figure out a way to draw the most price-sensitive fliers in any given market — those who scour the internet for the cheapest tickets possible. Those customers make up a significant portion of travelers, meaning the major carrier cannot just ignore them.

“Those passengers certainly are important,” said David Weingart, an economist at the aviation consultant GRA. “The larger airlines have proven that in how they’ve reacted, in how they’ve tried to capture or recapture those passengers.”

Delta, American and United Airlines have all rolled out “basic economy” fares. Such tickets are priced competitively against Spirit and Frontier, but do not offer the amenities that most consumers have come to expect on a flight, like receiving a seat assignment ahead of a flight or obtaining a refund for a ticket.

Of all the major carriers, United is fighting on price the most aggressively.

Scott Kirby, who was appointed as United’s president a year ago, has shifted the carrier’s strategy toward the low-cost airlines, mirroring one he helped to drive when he served as a top executive at American.

Pushing back against Wall Street’s wishes to limit capacity growth, United is adding seats in a number of its major markets across the country. It has, for example, swapped out smaller jets for larger planes to increase the number of seats it has available to sell, and matched fares offered by low-cost carriers.

By expanding capacity, United aims to get back to what Mr. Kirby calls its “natural” share of passengers in some of its hubs. The carrier now expects to increase its seat capacity in the domestic market by as much as 4.5 percent this year over last year, double the 2 percent growth Delta has forecast. American does not expect its capacity to change.

“We’re just returning to where United’s natural market share is,” Mr. Kirby told stock analysts in April. “We’re going to be very careful to calibrate how it’s working and how we’re doing.”

United’s new approach has put it into direct competition with Spirit in Newark, Houston and Chicago, according to analysts and executives. Spirit has certainly noticed.

“While we are not surprised that the environment remains very competitive, it is surprising to see our competitors resort to the unusual level of discounting we are currently seeing, especially since we are still in the summer peak period,” Matthew Klein, chief commercial officer at Spirit, said during a call with analysts in July.

Denver has also emerged as a battleground. Frontier, a privately held carrier, announced in July that it planned to add 21 flights from Denver International Airport, mostly to smaller cities like Albuquerque; Louisville, Ky.; and Charleston, S.C. The company said that it planned to double the number of nonstop routes it operates to 314 and its total number of routes to 1,000 by next summer.

Because of the underlying strength of the economy in the Denver area, United, Southwest and Spirit have added flights there in recent years as well. Kim Day, the chief executive at the Denver airport, said fares at the hub are now 15 percent below the national average.

She said that she believed each of the airlines that use the sprawling facility 25 miles from the city’s downtown is drawing different kinds of passengers.

“They’ve all found their niches,” she said. “If they can make money here, they’re going to continue to flow connecting passengers in here.”

The current skirmishes do not amount to a broad-based fare war. Many routes in the United States are dominated by a single carrier, insulating them from price competition.

The cost of a round-trip domestic ticket averaged more than $490 in the first half of the year, up slightly compared with 2016, according to Airlines Reporting Corporation, a company that settles flight transactions between a number of carriers and booking services like Expedia.

The jostling, however, has left airline investors skittish. As the publicly traded airlines in July reported earnings for the second quarter, shareholders sold off their shares, worried about the fight over fares and capacity increases.

But anxiety among investors is good news for fliers. Travelers on routes that are competitive will probably be able to snap up good deals.

“I don’t see the prices really rising that much from year to year, based on that ability to have that competition and keep prices at a normal level,” said Merritt Pullam, a real estate agent who lives with his wife and two young children in Denver and flies to places like California and Hawaii for vacations.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: micah maidenberg, getty images
Keywords: news, games, cnbc, companies, alter, airlines, united, flying, carrier, flights, number, economics, major, spirit, carriers, lowcost, fares


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Chemical plant explosion thrusts Arkema into spotlight

Arkema SA is not exactly a household name, but its products are found in everything from plastics in automotive parts to adhesives for baby diapers. The company also claims to be the third-largest producer of hydrogen peroxide in the world. But now it has a new distinction after Arkema reported two explosions and black smoke coming from its plant in Crosby, Texas early Thursday morning, raising serious health and safety concerns. Records show that the plant, located about 25 miles (40 kilometers


Arkema SA is not exactly a household name, but its products are found in everything from plastics in automotive parts to adhesives for baby diapers. The company also claims to be the third-largest producer of hydrogen peroxide in the world. But now it has a new distinction after Arkema reported two explosions and black smoke coming from its plant in Crosby, Texas early Thursday morning, raising serious health and safety concerns. Records show that the plant, located about 25 miles (40 kilometers
Chemical plant explosion thrusts Arkema into spotlight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: associated press with cnbccom, adrees latif
Keywords: news, games, cnbc, companies, texas, thirdlargest, health, plant, arkema, spotlight, explosion, worldbut, thrusts, safety, workplace, violations, serious, chemical


Chemical plant explosion thrusts Arkema into spotlight

Arkema SA is not exactly a household name, but its products are found in everything from plastics in automotive parts to adhesives for baby diapers. The company also claims to be the third-largest producer of hydrogen peroxide in the world.

But now it has a new distinction after Arkema reported two explosions and black smoke coming from its plant in Crosby, Texas early Thursday morning, raising serious health and safety concerns.

Records show that the plant, located about 25 miles (40 kilometers) northeast of Houston, was fined nearly $110,000 in February by the Occupational Safety and Health Administration over 10 safety violations found during an inspection.

Investigators classified the violations as “serious,” meaning there were workplace hazards that could cause an accident or illness that would “most likely result in death or serious physical harm.”


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: associated press with cnbccom, adrees latif
Keywords: news, games, cnbc, companies, texas, thirdlargest, health, plant, arkema, spotlight, explosion, worldbut, thrusts, safety, workplace, violations, serious, chemical


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North Korea weapons tests spur the South, US to agree to revise missile treaty

Impoverished North Korea and the rich, democratic South are technically still at war because their 1950-53 conflict ended in a truce, not a peace treaty. North Korea sharply raised regional tension this week with the launch of its Hwasong-12 intermediate-range ballistic missile that flew over Japan and landed in the Pacific. South Korea has said it wants to revise the agreement to increase the cap on the payload. Trump “provided his conceptual approval of planned purchases by South Korea of bill


Impoverished North Korea and the rich, democratic South are technically still at war because their 1950-53 conflict ended in a truce, not a peace treaty. North Korea sharply raised regional tension this week with the launch of its Hwasong-12 intermediate-range ballistic missile that flew over Japan and landed in the Pacific. South Korea has said it wants to revise the agreement to increase the cap on the payload. Trump “provided his conceptual approval of planned purchases by South Korea of bill
North Korea weapons tests spur the South, US to agree to revise missile treaty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: toru hanai
Keywords: news, games, cnbc, companies, tests, weapons, treaty, south, missiles, korea, koreas, missile, white, ballistic, north, spur, revise, agree, agreed, house


North Korea weapons tests spur the South, US to agree to revise missile treaty

U.S. President Donald Trump agreed with South Korean President Moon Jae-in to revise a joint treaty capping the development of the South’s ballistic missiles, Moon’s office said on Saturday, amid a standoff over North Korea’s missile and nuclear tests.

Trump also gave “conceptual” approval to the purchase by the South of billions of dollars of U.S. military hardware, the White House said.

The South wants to raise the missile cap to boost its defences against the reclusive North, which is pursuing missile and nuclear weapons programmes in defiance of international warnings and U.N. sanctions.

“The two leaders agreed to the principle of revising the missile guideline to a level desired by South Korea, sharing the view that it was necessary to strengthen South Korea’s defense capabilities in response to North Korea’s provocations and threats,” South Korea’s presidential Blue House said.

Impoverished North Korea and the rich, democratic South are technically still at war because their 1950-53 conflict ended in a truce, not a peace treaty. The North regularly threatens to destroy the South and its main ally, the United States.

North Korea sharply raised regional tension this week with the launch of its Hwasong-12 intermediate-range ballistic missile that flew over Japan and landed in the Pacific.

That followed the test launch of two long-range ballistic missiles in July in a sharply lofted trajectory that demonstrated a potential range of 10,000 km (6,000 miles) or more that would put many parts of the U.S. mainland within striking distance.

North Korea has been working to develop a nuclear-tipped missile capable of hitting the United States and has recently threatened to land missiles near the U.S. Pacific territory of Guam.

South Korea’s development of its ballistic missiles is limited to range of 800 km (500 miles) and payload weight of 500 kg (1,100 pounds) under a bilateral treaty revised in 2012.

South Korea has said it wants to revise the agreement to increase the cap on the payload.

The two countries agreed to the cap as part of a commitment to a voluntary international arms-control pact known as the Missile Technology Control Regime, aimed at limiting the proliferation missiles and nuclear weapons.

The two leaders pledged to continue to apply strong diplomatic and economic pressure on North Korea and to make all necessary preparations to defend against the growing threat by the North, the White House said.

The White House did not mention the voluntary bilateral agreement but said the two leaders agreed to strengthen their defence cooperation and South Korea’s defence capabilities.

Trump “provided his conceptual approval of planned purchases by South Korea of billions of dollars in American military equipment,” the White House said.

Trump, who has warned that the U.S. military is “locked and loaded” in case of further North Korean provocation, reacted angrily to the latest missile test, declaring on Twitter that “talking is not the answer” to resolving the crisis.

North Korea defends its weapons programs as necessary to counter perceived U.S. aggression, such as recent air maneuvers with South Korean and Japanese jets.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: toru hanai
Keywords: news, games, cnbc, companies, tests, weapons, treaty, south, missiles, korea, koreas, missile, white, ballistic, north, spur, revise, agree, agreed, house


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North Korea shaken by strong tremors in likely nuclear test

North Korea was struck by as many as two strong tremors on Sunday, with the South’s Joint Chiefs of Staff saying it was presumed to be a sixth nuclear test. The report cited the USGS as saying the first tremor occurred at around 12 noon North Korea time. But South Korea’s meteorological agency put the energy at five to six times the fifth nuclear test, Reuters reported. The suspected nuclear test followed Pyongyang’s test last week of a missile which flew over Japan in what the U.S. and its alli


North Korea was struck by as many as two strong tremors on Sunday, with the South’s Joint Chiefs of Staff saying it was presumed to be a sixth nuclear test. The report cited the USGS as saying the first tremor occurred at around 12 noon North Korea time. But South Korea’s meteorological agency put the energy at five to six times the fifth nuclear test, Reuters reported. The suspected nuclear test followed Pyongyang’s test last week of a missile which flew over Japan in what the U.S. and its alli
North Korea shaken by strong tremors in likely nuclear test Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: leslie shaffer, kcna via kns, associated press
Keywords: news, games, cnbc, companies, koreas, test, strong, earthquake, magnitude, likely, later, tremors, military, korea, north, reported, nuclear, shaken


North Korea shaken by strong tremors in likely nuclear test

North Korea was struck by as many as two strong tremors on Sunday, with the South’s Joint Chiefs of Staff saying it was presumed to be a sixth nuclear test.

Japan’s Foreign Minister Taro Kono later said in a briefing broadcast by NHK that it concluded the tremors were a nuclear explosion. Defense Minister Itsunori Onodera said during the broadcast that Japan had sent at least three military jets to test for radiation.

“By way of the embassy in Beijing, we made it clear in the strongest words, that if this is a nuclear test, this is unforgivable, and a violation of the U.N. Security Council Resolution,” Kono said, according to a CNBC translation.

North Korean television later said the reclusive country’s leader, Kim Jong Un, had ordered a test of a hydrogen bomb intended to be mounted on an ICBM, Reuters reported.

North Korea called the test a complete success, with a greater yield than previous tests and no adverse impact on the environment, Reuters reported, citing the television report.

The USGS initially reported a first tremor as a 5.6 magnitude, but later raised it to 6.3, while China’s earthquake administration said it detected a 6.3 magnitude earthquake in Northeastern North Korea, calling it a “suspected explosion,” Reuters reported.

The depth of that quake was recorded as zero kilometers, the China earthquake administration said, according to Reuters.

The report cited the USGS as saying the first tremor occurred at around 12 noon North Korea time.

The defense committee chairman in South Korea’s parliament, Kim Young-woo cited a report from military authorities and said the yield was provisionally estimated at up to 100 kilotons, which would be around four or five times the size of the bomb dropped on Nagasaki in 1945, the South’s official news agency Yonhap reported.

Meanwhile, Japan’s meteorological agency said the tremors were at least ten times as powerful as the North’s previous test, which was in September of last year, Reuters reported. But South Korea’s meteorological agency put the energy at five to six times the fifth nuclear test, Reuters reported.

Yonhap reported that the year-ago explosion triggered a 5.04 magnitude earthquake with a presumed yield of 10 kilotons.

Jeffrey Lewis, a director of the East Asia Nonproliferation Program at Middlebury Institute of International Studies at Monterey, said on Twitter on Sunday that the size of the earthquake indicated that the explosion could be estimated at ranging from around a few hundred kilotons to around a megaton.

China’s earthquake administration later said it detected a second quake of magnitude 4.6 at a depth of zero kilometers, which it called a “collapse,” Reuters reported, noting the second tremor came eight minutes after the first at nearly identical coordinates.

But the South Korean Meteorological Administration said it didn’t detect a second quake, Dow Jones reported, although Reuters later reported that witnesses in a Chinese city near the border with North Korea felt a tremor followed by an aftershock.

USGS said it detected a second seismic event of magnitude 4.1, which it said was likely a “secondary feature,” and possibly a structural collapse.

A South Korean military official told NBC News that the first reported quake was artificial, while Yonhap reported the military said it was located near the North’s nuclear test site.

South Korea’s Blue House, the country’s equivalent of the White House, said that the North may conducted another nuclear test, its sixth, Yonhap reported.

The South’s President Moon Jae-in has called a National Security Council meeting, while the country’s military raised its alert level, with all troops on high alert, Yonhap reported.

Previous tremors in the reclusive country have been caused by nuclear tests. The wave form signal for an explosion and an earthquake are different, allowing geologists to distinguish a man-made tremor.

The potential nuclear test followed North Korea saying on Sunday that it had developed a more advanced thermonuclear weapon of “great destructive power,” which it would load onto an intercontinental ballistic missile, Reuters reported.

Dr. Koh Yu Hwan, a professor of North Korea studies at Dongguk University in Seoul told NBC News on Sunday that given the North’s statement on a hydrogen bomb earlier in the day, the test would likely have involved such a bomb.

That would mean the North had nearly completed its efforts to become a legitimate nuclear power, he said.

“We passed the point of trying to resolve North Korean nuclear problem through dialogue,” Koh said. “It would be difficult not to give recognition as a nuclear state in order to resolve the nuclear issue now and, certainly, it would be hard to make any progress by asking North Korea to abandon its nuclear ambition at this late stage.”

The suspected nuclear test followed Pyongyang’s test last week of a missile which flew over Japan in what the U.S. and its allies have called a major provocation.

The U.S. and its allies have sought a diplomatic solution to curb the isolated nation’s aggression, enacting both unilateral and multilateral sanctions. In particular, they have sought to apply economic pressure through China, North Korea’s only major ally.

Tensions surrounding North Korea’s missile tests have ratcheted up throughout the summer as Kim Jong Un and U.S. President Donald Trump engaged in a war of words.

Trump previously warned Pyongyang that threats against the U.S. would be met with “fire and fury.” North Korean state media subsequently responded by saying that it was considering striking the U.S. territory of Guam.

—CNBC’s Akiko Fujita, Jacob Pramuk and Christine Wang contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: leslie shaffer, kcna via kns, associated press
Keywords: news, games, cnbc, companies, koreas, test, strong, earthquake, magnitude, likely, later, tremors, military, korea, north, reported, nuclear, shaken


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Trump greeted warmly by storm victims at Houston relief center

While Trump visits the region, attention will also turn to Minute Maid Park, where the Houston Astros play their first home baseball games since Harvey devastated the fourth-most populous U.S. city. Seventy percent of Harris County, which encompasses Houston, at one point was covered with 18 inches (45 cm) or more of water, county officials said. In a letter to Congress on Friday, the Trump administration asked for a $7.85 billion appropriation for response and initial recovery efforts. Texas Go


While Trump visits the region, attention will also turn to Minute Maid Park, where the Houston Astros play their first home baseball games since Harvey devastated the fourth-most populous U.S. city. Seventy percent of Harris County, which encompasses Houston, at one point was covered with 18 inches (45 cm) or more of water, county officials said. In a letter to Congress on Friday, the Trump administration asked for a $7.85 billion appropriation for response and initial recovery efforts. Texas Go
Trump greeted warmly by storm victims at Houston relief center Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: getty images, kevin lamarque
Keywords: news, games, cnbc, companies, victims, relief, warmly, texas, greeted, state, returned, response, center, states, water, houston, county, storm, trump


Trump greeted warmly by storm victims at Houston relief center

While Trump visits the region, attention will also turn to Minute Maid Park, where the Houston Astros play their first home baseball games since Harvey devastated the fourth-most populous U.S. city. The Saturday doubleheader with the New York Mets is expected to be wrought with emotion and punctuated with moments to honor the dozens who died as a result of Harvey.

The storm, one of the costliest to hit the United States, has displaced more than 1 million people, with 46 feared dead from flooding that paralyzed Houston, swelled river levels to record highs and knocked out the drinking water supply in Beaumont, Texas, a city of 120,000 people.

After Hurricane Harvey came ashore last Friday, much of the damage took place in the Houston metropolitan area, which has an economy about the same size as Argentina’s.

Seventy percent of Harris County, which encompasses Houston, at one point was covered with 18 inches (45 cm) or more of water, county officials said.

When Trump visited the Gulf of Mexico coastal region on Tuesday, he met with state and local leaders and first responders, largely focusing on the logistics of the government response rather than the suffering of residents.

In a letter to Congress on Friday, the Trump administration asked for a $7.85 billion appropriation for response and initial recovery efforts. White House Homeland Security Adviser Tom Bossert has said funding requests for aid would come in stages as more became known about the impact of the storm.

Texas Governor Greg Abbott, who accompanied the president on his visit to the Houston relief center, has said his state may need more than $125 billion.

The storm, which lingered around the Gulf Coast for days, dumped record amounts of rain and left devastation across more than 300 miles (480 km) of the state’s coast.

As water receded, many returned to survey the damage.

In Orange, Texas, about 125 miles (200 km) east of Houston, Sam Dougharty, 36, returned on Friday to find waist-high water in his backyard and barn.

His family’s house smelled like raw sewage and was still flooded to the ankles. A calf and a heifer from their herd of 15 were dead.

“This is family land,” he said. “My aunt’s owned it for 40 years and never had water here.”

The area was slowly coming back to life, Orange County Sheriff Keith Merritt said on Saturday. But streets remained littered with flooded-out vehicles, and many homes were without power, he said.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: getty images, kevin lamarque
Keywords: news, games, cnbc, companies, victims, relief, warmly, texas, greeted, state, returned, response, center, states, water, houston, county, storm, trump


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Microsoft may stand out after a record week for the tech sector

The stock is the second-largest holding in the QQQ (behind Apple), and one Forrest owns personally and for clients. Last week, “Microsoft announced the availability of Amazon Web Services tools for Microsoft Visual Studio Team Services cloud service. The tools make it easier for developers to upload content to and deploy from Amazon Web Services platform. The Nasdaq Composite achieved a record close on Friday, posting its best week of the year as shares of Apple rose nearly 3 percent on the week


The stock is the second-largest holding in the QQQ (behind Apple), and one Forrest owns personally and for clients. Last week, “Microsoft announced the availability of Amazon Web Services tools for Microsoft Visual Studio Team Services cloud service. The tools make it easier for developers to upload content to and deploy from Amazon Web Services platform. The Nasdaq Composite achieved a record close on Friday, posting its best week of the year as shares of Apple rose nearly 3 percent on the week
Microsoft may stand out after a record week for the tech sector Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: rebecca ungarino, getty images, eric thayer, luke sharrett, bloomberg, john zich, kcna, thomas barwick getty images, source
Keywords: news, games, cnbc, companies, forrest, week, web, record, tools, nasdaq, shares, sector, stand, microsoft, tech, owns, services, stock


Microsoft may stand out after a record week for the tech sector

One of the stocks driving the Nasdaq 100 to new heights may be investors’ best pick in the sector now.

The Nasdaq 100 hit an intraday all-time high on Friday, crossing the 6,000 mark for the first time but was unable to hold its gains through the close. By far the biggest drag proved to be tech heavyweight Microsoft.

Despite its weakness on Friday, the stock has strong growth potential and is a good bet now, according Kim Forrest, portfolio manager and senior equity analyst at Fort Pitt Capital Group.

The stock is the second-largest holding in the QQQ (behind Apple), and one Forrest owns personally and for clients.

Microsoft is “at the beginning of a cycle of businesses who have custom applications moving some of that workload to Azure,” she wrote to CNBC in an email last week, referring to the company’s cloud computing platform.

Last week, “Microsoft announced the availability of Amazon Web Services tools for Microsoft Visual Studio Team Services cloud service. The tools make it easier for developers to upload content to and deploy from Amazon Web Services platform. Is this MSFT throwing in the towel? We think not – it is likely addressing some of MSFT’s larger customers to stay on the development platform,” she wrote.

The stock closed 1 percent lower on Friday, at $73.94 per share. The Nasdaq Composite achieved a record close on Friday, posting its best week of the year as shares of Apple rose nearly 3 percent on the week.

The technology sector saw its largest weekly inflow in 15 weeks, according to Bank of America strategists in a report sent to clients on Friday.

Disclosure: Kim Forrest owns shares of Microsoft, and owns it for clients. No family member of Forrest’s owns the stock.


Company: cnbc, Activity: cnbc, Date: 2017-09-02  Authors: rebecca ungarino, getty images, eric thayer, luke sharrett, bloomberg, john zich, kcna, thomas barwick getty images, source
Keywords: news, games, cnbc, companies, forrest, week, web, record, tools, nasdaq, shares, sector, stand, microsoft, tech, owns, services, stock


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