China says it bought 700,000 tonnes each of pork, sorghum from the US in 2019

General Joseph Dunford (L), chairman of the US Joint Chiefs of Staff, and Chief of the General Staff of the Chinese People’s Liberation Army General Fang Fenghui shake hands after signing an agreement at the Bayi Building in Beijing on August 15, 2017. Chinese firms have already purchased 700,000 tonnes of pork and 700,000 tonnes of sorghum from the United States this year to meet market demand, said a foreign ministry spokesman on Tuesday. China, the world’s top agriculture market, has also bou


General Joseph Dunford (L), chairman of the US Joint Chiefs of Staff, and Chief of the General Staff of the Chinese People’s Liberation Army General Fang Fenghui shake hands after signing an agreement at the Bayi Building in Beijing on August 15, 2017. Chinese firms have already purchased 700,000 tonnes of pork and 700,000 tonnes of sorghum from the United States this year to meet market demand, said a foreign ministry spokesman on Tuesday. China, the world’s top agriculture market, has also bou
China says it bought 700,000 tonnes each of pork, sorghum from the US in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
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China says it bought 700,000 tonnes each of pork, sorghum from the US in 2019

General Joseph Dunford (L), chairman of the US Joint Chiefs of Staff, and Chief of the General Staff of the Chinese People’s Liberation Army General Fang Fenghui shake hands after signing an agreement at the Bayi Building in Beijing on August 15, 2017.

Chinese firms have already purchased 700,000 tonnes of pork and 700,000 tonnes of sorghum from the United States this year to meet market demand, said a foreign ministry spokesman on Tuesday.

China, the world’s top agriculture market, has also bought 320,000 tonnes of cotton, 230,000 tonnes of wheat and 20 million tonnes of soybeans from the U.S., spokesman Geng Shuang said at a daily press briefing.

The comments came amid heightened attention on China’s purchases of U.S. farm goods, one of President Donald Trump’s key demands to resolve a months-long trade war between the two nations.

Trump said on Friday that China had agreed to purchase $40 to $50 billion worth of agricultural goods from the U.S. in a first phase of an agreement to end the trade war.

China has already brought in 500,000 tonnes of sorghum in the first eight months of the year, almost all from the United States, according to customs data.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, goods, spokesman, market, general, trade, sorghum, 700000, pork, staff, states, 2019, united, bought, china, tonnes


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Investor foresees a ‘volatility event’ near the end of 2019

Investor foresees a ‘volatility event’ near the end of 20193 Hours AgoDavid Sokulsky of the Concentrated Leaders Fund says markets are have not priced in risks such as Brexit uncertainty and the U.S.-China trade war.


Investor foresees a ‘volatility event’ near the end of 20193 Hours AgoDavid Sokulsky of the Concentrated Leaders Fund says markets are have not priced in risks such as Brexit uncertainty and the U.S.-China trade war.
Investor foresees a ‘volatility event’ near the end of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, uschina, war, investor, trade, end, foresees, volatility, sokulsky, markets, near, uncertainty, event, 2019, risks, priced


Investor foresees a 'volatility event' near the end of 2019

Investor foresees a ‘volatility event’ near the end of 2019

3 Hours Ago

David Sokulsky of the Concentrated Leaders Fund says markets are have not priced in risks such as Brexit uncertainty and the U.S.-China trade war.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, uschina, war, investor, trade, end, foresees, volatility, sokulsky, markets, near, uncertainty, event, 2019, risks, priced


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This is the most popular wedding date of 2019—and $1 billion will be spent on festivities

October 19 is the most popular wedding date of 2019: On Saturday, nearly 34,000 couples will say “I do” and more than 474,000 wedding professionals, including florists, caterers, photographers and musicians, will be hard at work making these couples’ wedding dreams a reality. In total, that will add up to an estimated $1 billion spent on wedding ceremonies and receptions on this date alone. That’s according to a mix of user information, behavioral data and survey results from wedding websites Th


October 19 is the most popular wedding date of 2019: On Saturday, nearly 34,000 couples will say “I do” and more than 474,000 wedding professionals, including florists, caterers, photographers and musicians, will be hard at work making these couples’ wedding dreams a reality. In total, that will add up to an estimated $1 billion spent on wedding ceremonies and receptions on this date alone. That’s according to a mix of user information, behavioral data and survey results from wedding websites Th
This is the most popular wedding date of 2019—and $1 billion will be spent on festivities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: anna hecht
Keywords: news, cnbc, companies, wedding, festivities, 2019, couples, billion, date, nearly, spent, data, including, million, popular, 2019and


This is the most popular wedding date of 2019—and $1 billion will be spent on festivities

October 19 is the most popular wedding date of 2019: On Saturday, nearly 34,000 couples will say “I do” and more than 474,000 wedding professionals, including florists, caterers, photographers and musicians, will be hard at work making these couples’ wedding dreams a reality.

In total, that will add up to an estimated $1 billion spent on wedding ceremonies and receptions on this date alone.

That’s according to a mix of user information, behavioral data and survey results from wedding websites The Knot and WeddingWire. The leading wedding industry brands combined their data to analyze couples registered on their sites who married in 2019, including details about their spending and wedding registries. WeddingWire’s 2019 Guest Study, which surveyed roughly 1,000 adults ages 22 to 54 who have attended at least one wedding in the past year, was also analyzed.

This $1 billion spent on Saturday will include $61 million on day-of flowers, $71 million on attire and $227 million on catering.

A few specific trends stood out as well. Just over 8,000 couples will serve a late night snack, around 7,450 will incorporate local decor or food from where they met or grew up and nearly 8,470 will choose a country song for their first dance.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: anna hecht
Keywords: news, cnbc, companies, wedding, festivities, 2019, couples, billion, date, nearly, spent, data, including, million, popular, 2019and


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IMF says trade war will cut global growth to lowest since financial crisis a decade ago

The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved. The IMF said its latest World Economic Outlook projections show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast, largely due to increasing fallout from global trade friction. Qilai Shen | Bloomberg | Getty ImagesThe global crisis lender sai


The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved. The IMF said its latest World Economic Outlook projections show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast, largely due to increasing fallout from global trade friction. Qilai Shen | Bloomberg | Getty ImagesThe global crisis lender sai
IMF says trade war will cut global growth to lowest since financial crisis a decade ago Cached Page below :
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IMF says trade war will cut global growth to lowest since financial crisis a decade ago

The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved. The IMF said its latest World Economic Outlook projections show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast, largely due to increasing fallout from global trade friction. The forecasts set a gloomy backdrop for the IMF and World Bank annual meetings this week in Washington, where the Fund’s new managing director, Kristalina Georgieva, is inheriting a range of problems, from stagnating trade to political backlash in some emerging market countries struggling with IMF-mandated austerity programs. The World Economic Outlook report spells out in sharp detail the economic difficulties caused by the U.S.-China tariffs, including direct costs, market turmoil, reduced investment and lower productivity due to supply chain disruptions.

The Hapag-Lloyd AG Leverkusen Express sails out of the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China, on Wednesday, Aug. 7, 2019. Qilai Shen | Bloomberg | Getty Images

The global crisis lender said that by 2020, announced tariffs would reduce global economic output by 0.8%. Georgieva said last week that this translates to a loss of $700 billion, or the equivalent of making Switzerland’s economy disappear. “The weakness in growth is driven by a sharp deterioration in manufacturing activity and global trade, with higher tariffs and prolonged trade policy uncertainty damaging investment and demand for capital goods,” IMF Chief Economist Gita Gopinath said in a statement. Services were still strong across much of the world, but there were some signs of softening in services in the United States and Europe, Gopinath said. For 2020, the Fund said global growth was set to pick up to 3.4% due to expectations of better performances in Brazil, Mexico, Russia, Saudi Arabia, and Turkey. But this forecast was a tenth of a point lower than in July and was vulnerable to downside risks, including worse trade tensions, Brexit-related disruptions and an abrupt aversion to risk in financial markets.

Investment, trade stall

The IMF said foreign direct investment abroad by advanced economies came to “a virtual standstill” in 2018 after increasing in earlier years to average more than 3% of global gross domestic product annually – or more than $1.8 trillion. The institution said the decline of some $1.5 trillion between 2017 and 2018 reflected purely financial operations by large multinational corporations, including in response to changes in U.S. tax law. Global vehicle purchases fell by 3% in 2018, reflecting a drop in demand in China after expiration of tax incentives and production adjustments after adoption of new emissions standards in Germany and other eurozone countries. Global trade growth reached just 1% in the first half of 2019, the weakest level since 2012, weighed down by higher tariffs and prolonged uncertainty about trade policies, as well as a slump in the automobile industry. After expanding by 3.6% in 2018, the IMF now projects global trade volume will increase just 1.1% in 2019, 1.4 percentage points less than it forecast in July and 2.3 percentage points less than forecast in April. Trade growth was expected to rebound to 3.2% in 2020, however risks remained “skewed to the downside,” the IMF said, with a significant drag on both the U.S. and Chinese economies. For a table showing IMF country and regional forecasts, see

Tariff, reshoring losses


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, 2019, decade, world, imf, lowest, trade, war, 2018, cut, tariffs, economic, financial, crisis, forecast, global, growth


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Goldman Sachs Earnings Q3 2019 miss estimates

Among its four main businesses, the bank’s investing and lending division missed expectations by the largest degree, despite those figures coming down in recent weeks. The division produced $1.68 billion in revenue, a 17% drop from a year earlier and below the $1.74 billion estimate. The business was stung by its holdings in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, Goldman said. Trading revenue modestly exceeded expectations: Equities trading desks produced


Among its four main businesses, the bank’s investing and lending division missed expectations by the largest degree, despite those figures coming down in recent weeks. The division produced $1.68 billion in revenue, a 17% drop from a year earlier and below the $1.74 billion estimate. The business was stung by its holdings in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, Goldman said. Trading revenue modestly exceeded expectations: Equities trading desks produced
Goldman Sachs Earnings Q3 2019 miss estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: hugh son
Keywords: news, cnbc, companies, goldman, 2019, quarter, investing, revenue, estimates, sachs, bank, billion, holdings, miss, earnings, banks, trading


Goldman Sachs Earnings Q3 2019 miss estimates

Goldman Sachs shares fell Tuesday after the firm reported third-quarter profit below Wall Street expectations.

The bank said profit slumped 26% to $1.88 billion, or $4.79 a share, below the $4.81 expected by analysts, according to Refinitiv. Revenue fell 6% to $8.32 billion, slightly above the $8.31 billion expected, on lower results in the firm’s investing and lending and investment banking divisions. The firm also set aside $291 million for credit losses in the quarter, 67% higher than a year earlier.

Goldman shares declined by 3.3%.

Chief Executive Officer David Solomon has been at the helm of Goldman Sachs for a full year, but it’s clear that the bank is still a work in progress.

“Our results through the third quarter reflect the underlying strength of our global client franchise and its ability to produce solid results in the context of a mixed operating environment,” Solomon said in the earnings release. “We continue to execute on our strategic priorities, including investing in important growth opportunities in our existing and new businesses.”

Among its four main businesses, the bank’s investing and lending division missed expectations by the largest degree, despite those figures coming down in recent weeks. The division produced $1.68 billion in revenue, a 17% drop from a year earlier and below the $1.74 billion estimate.

The business was stung by its holdings in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, Goldman said.

Trading revenue modestly exceeded expectations: Equities trading desks produced $1.88 billion, exceeding the $1.79 billion estimate of analysts surveyed by FactSet. Bond trading generated $1.41 billion in revenue, above the $1.36 billion estimate.

Investment banking produced $1.69 billion in revenue, just under the $1.72 billion estimate. Investment management matched the $1.67 billion estimate.

One of Solomon’s key initiatives since taking over in October 2018 — an internal review of the bank’s operations — has sparked departures among several longtime Goldman partners, including trading head Marty Chavez and chief information officer Elisha Wiesel.

The review, meant to boost shareholder returns at the New York-based bank, has also taken longer than initially promised, sowing impatience among investors eager for a resurgence at Goldman. The 150-year-old investment bank is plowing money into new ventures including retail banking and corporate cash management to diversify from its traditional strengths in Wall Street trading, which has been mired in the industry’s multiyear slowdown.

Another area that investors will scrutinize is the bank’s holdings in WeWork and other stakes that lost value in the third quarter. The bank could post a $264 million writedown on its holdings in WeWork, Morgan Stanley analyst Betsy Graseck said in a research note.

While the bank’s investing and lending division, where private equity stakes and public holdings are reported, has helped it beat analysts’ profit estimates in previous quarters, investors may complain that it’s a source of earnings volatility in declining markets.

Other big banks also posted earnings on Tuesday. J.P. Morgan Chase reported record revenue and Citigroup beat earnings estimates.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: hugh son
Keywords: news, cnbc, companies, goldman, 2019, quarter, investing, revenue, estimates, sachs, bank, billion, holdings, miss, earnings, banks, trading


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Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says

A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital Management. “That will be a whole different ball game” for the U.S. economy, Smead said. Meanwhile, Generation X was projected to pass the Boomers in population in 2028. The Pew Research report defined millennials as aged 20 to 35 in 2016, with Boomers aged 52 to 70 and Generation X aged between 36 to 51. The U.S. central bank has alr


A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital Management. “That will be a whole different ball game” for the U.S. economy, Smead said. Meanwhile, Generation X was projected to pass the Boomers in population in 2028. The Pew Research report defined millennials as aged 20 to 35 in 2016, with Boomers aged 52 to 70 and Generation X aged between 36 to 51. The U.S. central bank has alr
Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: sam meredith
Keywords: news, cnbc, companies, smead, asset, major, war, millennials, 2019, aged, spending, manager, point, changeover, generation, economy, trigger, boomers


Millennials are about to trigger a major 'changeover point' for the US economy, asset manager says

A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital Management. U.S. adults aged between 21 and 38 years old will prioritize “necessity spending” over the next decade, Bill Smead told CNBC’s “Squawk Box Europe” on Monday. It comes after a 10-year period in which the same age group has “lived off discretionary spending.” He said this will mean young adults will soon start to move away from buying “Apple devices, craft beer and Chipotle burritos” and instead spend their savings on big-ticket items such as houses and cars. “That will be a whole different ball game” for the U.S. economy, Smead said.

‘Changeover point’

His comments come at a time when millennials are thought to be on the cusp of surpassing Baby Boomers as the largest living adult generation in the U.S. A report published by Pew Research in March 2018, which cites the latest available data from the U.S. Census Bureau, said it expected millennials to overtake Boomers in population in 2019. Meanwhile, Generation X was projected to pass the Boomers in population in 2028. The Pew Research report defined millennials as aged 20 to 35 in 2016, with Boomers aged 52 to 70 and Generation X aged between 36 to 51. “We just love this circumstance because it is very possibly the changeover point now for what we have been waiting for a long time,” Smead said. “So, we have got 89 million people in between 21 and 38 years old that are about to start their lives, form households, do incredibly economically impactful things and we don’t need anybody from outside the United States to cause that to happen.” “And we are giving them the lowest interest rates in the history of the United States of America to form their lives. We are practically giving them the money to buy houses and buy cars etc,” he added.

The U.S. central bank has already cut interest rates twice in 2019, in part because of weakness in the global economy. Policymakers at the Federal Reserve are scheduled to meet at the end of the month, with investors broadly expecting a rate cut. Market expectations for lower borrowing costs by the end of October were at 77.5% on Monday, according to the CME Group’s FedWatch Tool. U.S. economic growth has been slowing this year with many economists citing the ongoing U.S.-China trade war. The Fed expects GDP (gross domestic product) for 2019 to come in at 2.2%, down from 2.9% in 2018. The central bank has also warned U.S. economic growth could deteriorate if the trade war continues.

‘Just do the math’


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: sam meredith
Keywords: news, cnbc, companies, smead, asset, major, war, millennials, 2019, aged, spending, manager, point, changeover, generation, economy, trigger, boomers


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Review: The 2019 Lexus LS 500h is serious competition to Mercedes S-Class and BMW’s 7 Series

The 2019 Lexus LS 500h Mack Hogan | CNBCWhen the original Lexus LS came out in 1989, it was so undeniably brilliant that it changed the game forever. The 2019 Lexus LS 500h Mack Hogan | CNBCThe goodIn the 30 years since the brand’s debut, one thing that Lexus has developed is its own identity. The 2019 Lexus LS 500h Mack Hogan | CNBCThat “h,” by the way, means that this is the hybrid model. The 2019 Lexus LS 500h Mack Hogan | CNBCThe badUnfortunately, the fussy drivetrain saps a lot of refinemen


The 2019 Lexus LS 500h Mack Hogan | CNBCWhen the original Lexus LS came out in 1989, it was so undeniably brilliant that it changed the game forever. The 2019 Lexus LS 500h Mack Hogan | CNBCThe goodIn the 30 years since the brand’s debut, one thing that Lexus has developed is its own identity. The 2019 Lexus LS 500h Mack Hogan | CNBCThat “h,” by the way, means that this is the hybrid model. The 2019 Lexus LS 500h Mack Hogan | CNBCThe badUnfortunately, the fussy drivetrain saps a lot of refinemen
Review: The 2019 Lexus LS 500h is serious competition to Mercedes S-Class and BMW’s 7 Series Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: mack hogan
Keywords: news, cnbc, companies, review, serious, hogan, series, mercedes, bmws, 2019, competition, luxury, bmw, 500h, sclass, mack, package, lexus


Review: The 2019 Lexus LS 500h is serious competition to Mercedes S-Class and BMW's 7 Series

The 2019 Lexus LS 500h Mack Hogan | CNBC

When the original Lexus LS came out in 1989, it was so undeniably brilliant that it changed the game forever. It forced panicked dissections by engineers at Cadillac and Mercedes and led to higher vehicle quality standards across the board. Most importantly, it showed the world that Japan’s upstart luxury brand could bludgeon the best Germany had to offer, introducing Toyota’s Lexus as a true alternative to the established automakers. Now, three decades later, Lexus is an established brand. As Cadillac has slipped and Infiniti and Acura have struggled to be seen as true luxury automakers, Lexus has continued making comfortable luxury cars that offer industry-leading quality and reliability. So while the redesigned Lexus LS — now in its fifth generation — won’t change the world like the original one, it’s still a comfortable, luxurious, competitively priced high-quality alternative to cars like the Mercedes S-Class and BMW 7 Series.

The 2019 Lexus LS 500h Mack Hogan | CNBC

The good

In the 30 years since the brand’s debut, one thing that Lexus has developed is its own identity. The original LS was essentially a Japanese Mercedes, with styling and interior trimmings that mimicked the class leader. Today, though, the LS offers a unique proposition. That’s obvious from the outside, where Lexus’ dramatic spindle grille dominates the front of the car. The flowing bodywork emphasizes the wheel arches and the length of the big sedan, while angular creases and L-shaped distinguish it from more anonymous competitors. It’s stately and has a presence befitting the $107,950 price tag of our loaded up tester. Inside, it’s another well-executed departure from luxury norms. Unlike Hyundai’s Genesis luxury arm, Lexus isn’t doing budget versions of BMW interiors. The LS is distinctly Lexus, with flowing vent work, machined aluminum inlays and creamy white quilted leather. Every knob and switch is well weighted to provide smooth operation and an unshakeable feeling of solidity. Just like the cars Lexus built its name on, the LS 500h feels built to last.

The 2019 Lexus LS 500h Mack Hogan | CNBC

That “h,” by the way, means that this is the hybrid model. BMW may offer you a choice of V-6s, V-8s, V-12s, diesels and hybrids, but Lexus gives you two options. You can have a conventional twin-turbocharged V-6 or a naturally aspirated V-6 linked to an electric motor. Total system output is 354 horsepower. The car has a traditional four-speed automatic transmission feeding into the hybrid’s electric continuously variable transmission, a complex arrangement that simulates a ten-speed automatic transmission. Like we said, Lexus does things its own way. On the road, power is ample and the adaptive suspension is well suited to executive sedan business. The ride is refined and composed. That makes it more athletic and agile in cornering than you might expect from a full-size luxury barge, though it’s still not particularly exciting to hustle.

The 2019 Lexus LS 500h Mack Hogan | CNBC

You’d be better off being driven in it than driving, as our tester had the incredibly expensive and modestly named $12,250 luxury package which brings a slew of upgrades. In addition to upgrading the upholstery and adding massaging front seats, the luxury package completely overhauls the rear seats. A fold-down center console with an integrated touch screen allows you to fully recline the rear seats, control your heating and ventilation, manage your music and deploy electronic shades to block out the people you’re too busy to look at. In any seat, then, the LS 500h’s interior is truly fantastic. It’s not quite as gizmo-filled as the best Mercedes can offer, but the LS is also cheaper and has an unbeatable record for reliability and quality.

The 2019 Lexus LS 500h Mack Hogan | CNBC

The bad

Unfortunately, the fussy drivetrain saps a lot of refinement out of the experience. The transmission struggles to find the right simulated gear and power can be unpredictable. Between the befuddled transmission and the integration of the electric and gasoline power sources, it’s hard to predict the 500h’s reaction to any given throttle input. That means that it’s hard to drive smooth, which isn’t what you want for an executive car. It also feels overtaxed at times. Under hard acceleration, the V-6 is prone to unpleasant groaning and never provides the luxurious wafting that you might expect in a $100,000 executive car. Maybe 354 horsepower isn’t enough in a segment where BMW will give you 600 horsepower, but it seems more likely that they didn’t focus enough on quieting down the powertrain and nailing the interaction between the electric and gas motors.

The 2019 Lexus LS 500h Mack Hogan | CNBC

And while the suspension and interior quality are up to the standards of the best in the business, the technology is lagging behind. Lexus’ lane-keeping system, for instance, isn’t nearly as confident as the ones offered by Mercedes, Audi, BMW, Tesla and even Genesis. The instrument cluster is digitized, but it’s nearly as sleek as what you get in other flagship luxury sedans. Fonts, animations and menus look at least a generation behind the Germans. That probably sounds nitpicky, but details matter. For the same reason that Lexus sweats the weighting of knobs and the feel of every button, modern and clean implementations of technology show that the automaker is working hard to give you the best experience. All of that can be ignored, especially if you aren’t often driving other flagship luxury vehicles. What can’t be ignored is the Lexus infotainment system, which is still impossibly difficult to use. It’s all controlled by a touchpad that’s infuriating to operate, even for tech-savvy users. We’re thankful that Lexus has finally lamented and included Apple CarPlay, but forcing buyers to use the terrible touchpad to use a system so clearly designed for tapping a touch screen feels almost mean.

The 2019 Lexus LS 500h Mack Hogan | CNBC

As per usual, the best part of Lexus’ infotainment is how little you have to use it. Set a playlist or radio station before you set off, use hard buttons for climate control and try to ignore that even downmarket Toyotas have more usable center screens. So if your idea of luxury is cutting-edge tech, you’re better served by an Audi, BMW, Mercedes or Tesla. If you prioritize quality and value, though, we’d still recommend the LS.

How we’d option it

Skip the F-Sport package, as your gigantic luxury sedan isn’t a sports car and never will be. We’d also skip the hybrid as, despite the impressive fuel economy of the hybrid, the turbocharged V-6 is smoother and more luxurious. All-wheel drive is worth the money, so you’ll be spending at least $79,695 with destination charges.

The 2019 Lexus LS 500h Mack Hogan | CNBC

On top of that, we’d add the luxury package for $12,270. It’s a crazy price tag, but if you don’t want a ton of space and luxury features in the back, you’d probably be better served with a smaller sedan like the Lexus ES 350 or Mercedes E-Class. Optioning this also requires the $1,500 air suspension that you should get anyway, $1,200 wheels, an $800 panoramic view monitor, $800 herringbone wood trim and a $410 heated wood steering wheel. There’s an even more expensive executive package for $17,000 or that same package with Japanese Kiriko glass trim, but we’d skip those as the LS with the luxury package already has an amazing back seat. Finally, we’d spend $1,940 on the phenomenal Mark Levinson premium audio system and $1,000 on the panoramic glass roof. Our total comes to $99,615.

The 2019 Lexus LS 500h Mack Hogan | CNBC

Final thoughts

The Mercedes S-Class starts at $91,250 without a single option. That you can get a positively loaded LS for under $100,000 is great, especially when you factor in that the LS has a reputation for being one of the most dependable and high-quality nameplates ever built. If you’re a buyer that prioritizes that kind of quality and value, the LS is easy to recommend. The only competitor that can come close is the Genesis G90, which is also worth checking out. But while the Genesis still exists as a budget German clone for now, the LS has truly come into its own.

Ratings:


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: mack hogan
Keywords: news, cnbc, companies, review, serious, hogan, series, mercedes, bmws, 2019, competition, luxury, bmw, 500h, sclass, mack, package, lexus


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Three options strategies for the week: October 14, 2019

CBO says Pelosi’s drug pricing plan saves Medicare $345 billion… The savings wouldn’t begin until 2023, assuming the bill gets passed by the House and Senate and signed by President Donald Trump before end of this year, the CBO says. Health and Scienceread more


CBO says Pelosi’s drug pricing plan saves Medicare $345 billion… The savings wouldn’t begin until 2023, assuming the bill gets passed by the House and Senate and signed by President Donald Trump before end of this year, the CBO says. Health and Scienceread more
Three options strategies for the week: October 14, 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: tyler bailey
Keywords: news, cnbc, companies, senate, cbo, sayshealth, options, 2019, wouldnt, saves, signed, savings, trump, week, pricing, scienceread, strategies


Three options strategies for the week: October 14, 2019

CBO says Pelosi’s drug pricing plan saves Medicare $345 billion…

The savings wouldn’t begin until 2023, assuming the bill gets passed by the House and Senate and signed by President Donald Trump before end of this year, the CBO says.

Health and Science

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: tyler bailey
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SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state. The stock is now down almost 6


Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state. The stock is now down almost 6
SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: pippa stevens
Keywords: news, cnbc, companies, worst, nearly, 2019, unicorn, dental, cofounder, bill, sept, stock, went, ipo, california, debut, public, smiledirectclub


SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019.

Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Gavin Newsom signed a bill that protects consumers who use teledentistry products. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state.

The stock is now down almost 60% since it went public just over a month ago, making it the worst-performing IPO this year among companies that went public with a valuation over $1 billion. The stock began trading on Sept. 12. Lyft is the second-worst unicorn performer since its IPO, down about 45%.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: pippa stevens
Keywords: news, cnbc, companies, worst, nearly, 2019, unicorn, dental, cofounder, bill, sept, stock, went, ipo, california, debut, public, smiledirectclub


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Pioneers in fight against poverty win 2019 Nobel economics prize

Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of Sciences said on Monday. French-American Duflo becomes only the second female economics winner in the prize’s 50-year history, as well as the youngest at 46. She shared the award equally with Indian-born American Banerjee and Kremer, also of the United States. The 9 million Swedish crown ($915,300) economics prize is a later addit


Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of Sciences said on Monday. French-American Duflo becomes only the second female economics winner in the prize’s 50-year history, as well as the youngest at 46. She shared the award equally with Indian-born American Banerjee and Kremer, also of the United States. The 9 million Swedish crown ($915,300) economics prize is a later addit
Pioneers in fight against poverty win 2019 Nobel economics prize Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14
Keywords: news, cnbc, companies, nobel, million, fight, economists, prize, academy, poverty, economics, work, 2019, swedish, model, win, pioneers


Pioneers in fight against poverty win 2019 Nobel economics prize

Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of Sciences said on Monday.

French-American Duflo becomes only the second female economics winner in the prize’s 50-year history, as well as the youngest at 46. She shared the award equally with Indian-born American Banerjee and Kremer, also of the United States.

The Academy said the work of the three economists had shown how the problem of poverty could be tackled by breaking it down into smaller and more precise questions in areas such as education and healthcare, making problems easier to tackle.

“As a direct result of one of their studies, more than five million Indian children have benefited from effective programs of remedial tutoring in school,” the Academy said in a statement.

“Another example is the heavy subsidies for preventive healthcare that have been introduced in many countries.”

The 9 million Swedish crown ($915,300) economics prize is a later addition to the five awards created in the will of industrialist and dynamite inventor Alfred Nobel, established by the Swedish central bank and first awarded in 1969.

Economics is the last of the awards to be announced with the winners for medicine, physics, chemistry, literature and peace having been unveiled over the course of last week.

The 2018 Nobel Economics Prize was jointly awarded to U.S. economists William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology.

Nordhaus’ recognition has proved controversial, with critics arguing the model he created to describe the interplay between the economy and the climate seriously underestimated climate change-related risks.


Company: cnbc, Activity: cnbc, Date: 2019-10-14
Keywords: news, cnbc, companies, nobel, million, fight, economists, prize, academy, poverty, economics, work, 2019, swedish, model, win, pioneers


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