Three states, including two big ones for the 2020 election, just set new lows for unemployment

A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania. At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records. Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.


A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania. At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records. Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.
Three states, including two big ones for the 2020 election, just set new lows for unemployment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff cox
Keywords: news, cnbc, companies, big, statistics, ones, including, showing, set, states, lows, unemployment, election, walmart, wears, shirt, state, stores, 2020, rate


Three states, including two big ones for the 2020 election, just set new lows for unemployment

A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania.

At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.

Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff cox
Keywords: news, cnbc, companies, big, statistics, ones, including, showing, set, states, lows, unemployment, election, walmart, wears, shirt, state, stores, 2020, rate


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Montana Gov. Steve Bullock is the latest Democrat to launch a 2020 presidential campaign

Steve Bullock, Governor of Montana, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. Steve Bullock, who has cast himself as a bipartisan leader, announced Tuesday he is entering the crowded field of Democrats for the 2020 presidential race, vowing to “take our democracy back.” Bullock joins a field of more than 20 Democrats vying for the right to face Trump in next year’s election. The Montana Democrat is chairman of the National Govern


Steve Bullock, Governor of Montana, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. Steve Bullock, who has cast himself as a bipartisan leader, announced Tuesday he is entering the crowded field of Democrats for the 2020 presidential race, vowing to “take our democracy back.” Bullock joins a field of more than 20 Democrats vying for the right to face Trump in next year’s election. The Montana Democrat is chairman of the National Govern
Montana Gov. Steve Bullock is the latest Democrat to launch a 2020 presidential campaign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff daniels
Keywords: news, cnbc, companies, montana, shot, latest, gov, democrats, trump, bullock, including, 2020, steve, governors, presidential, field, democrat, launch, campaign


Montana Gov. Steve Bullock is the latest Democrat to launch a 2020 presidential campaign

Steve Bullock, Governor of Montana, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017.

Montana Gov. Steve Bullock, who has cast himself as a bipartisan leader, announced Tuesday he is entering the crowded field of Democrats for the 2020 presidential race, vowing to “take our democracy back.”

“I believe in an America where every child has a fair shot to do better than their parents. But we all know that kind of opportunity no longer exists for most people; for far too many, it never has,” Bullock said in his announcement. “We need to defeat Donald Trump in 2020 and defeat the corrupt system that lets campaign money drown out the people’s voice, so we can finally make good on the promise of a fair shot for everyone.”

Bullock joins a field of more than 20 Democrats vying for the right to face Trump in next year’s election. Former Vice President Joe Biden has opened large leads in a variety of polls of Democratic voters, while Sens. Bernie Sanders, Elizabeth Warren and Kamala Harris make up the next tier.

While looking to run as a centrist, the two-term governor has worked on several progressive issues, including expanded health care and early childhood education to wage equality and campaign finance reform. He also has courted rural Americans and discussed the unique challenges they face and could broaden Democrats appeal in red states.

Bullock, 53, has already been to Iowa several times since last summer, and his Big Sky Values PAC has been adding staff in the key state. He’s also traveled to New Hampshire in the past year.

The Montana Democrat is chairman of the National Governors Association, a bipartisan group. Other governors have already entered the field of Democrats seeking the 2020 nomination, including Washington’s Jay Inslee and former Colorado Gov. John Hickenlooper.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff daniels
Keywords: news, cnbc, companies, montana, shot, latest, gov, democrats, trump, bullock, including, 2020, steve, governors, presidential, field, democrat, launch, campaign


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NBC’s 2020 streaming service won’t be very compelling for cord cutters — and that’s by design

The proof is in the details of NBC’s streaming service, coming next spring. And you’ll get a few originals for the streaming service, the quality of which is to be determined. NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free. But at launch next year, the NBC streaming service won’t be a comp


The proof is in the details of NBC’s streaming service, coming next spring. And you’ll get a few originals for the streaming service, the quality of which is to be determined. NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free. But at launch next year, the NBC streaming service won’t be a comp
NBC’s 2020 streaming service won’t be very compelling for cord cutters — and that’s by design Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: alex sherman
Keywords: news, cnbc, companies, wont, cord, disney, thats, live, nbcs, service, hulu, tv, 2020, compelling, nbc, paytv, streaming, design, customers, cutters


NBC's 2020 streaming service won't be very compelling for cord cutters — and that's by design

The streaming wars — the race to launch subscription video products — has been driven by an underlying concept: The traditional pay-TV bundle is dying as millions of U.S. households cut the cord each year and shift their video consumption to services like Netflix.

This has been a hard pill to swallow for legacy media companies, which derive billions of dollars from traditional pay TV. Yet, many of those media companies are coming to grips with reality and beginning to disrupt their own business models, headlined by Disney’s $6.99 Disney+ offering for this year.

That’s not the case for Comcast’s NBCUniversal (the parent company of CNBC and CNBC.com).

NBC doesn’t want you to cut the cord. Maybe this isn’t too surprising since its owner is the largest U.S. cable company. But it’s unusual because it directly contradicts the disruption narrative. Instead of submissively accepting that the pay-TV world is ending, NBC is taking a stand and fighting back.

The proof is in the details of NBC’s streaming service, coming next spring.

NBC’s ad-supported streaming service will be free to all customers who pay for traditional live television — whether through Comcast or any other provider, including virtual pay-TV bundles like Google’s YouTube TV or AT&T’s DirecTV Now, assuming partnership deals are struck, according to people familiar with the matter.

For those who have cut the cord, it will probably be about $10, said the people, who asked not to be named because the discussions on price are still ongoing.

CNBC has also learned that the free version of service for pay-TV subscribers will include live linear channels, same-season episodes and past-season episodes. Customers will be able to watch NBC programming anywhere, on any device, independent of their cable provider’s footprint. NBC will have nonexclusive access to all of the programming it sells to Hulu for the streaming service, as part of the deal with Disney the two companies announced on Tuesday.

But the $10 version for cord cutters won’t include live linear channels and won’t include same-season shows. You’ll get a bunch of reruns, most of which will also be available on Hulu if you already subscribe to that service. And you’ll get a few originals for the streaming service, the quality of which is to be determined.

So what are you getting for your $10 a month? Not much at first. And that’s the point.

NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. The company is actively trying to make its cord-cutting streaming service inferior to its pay-TV version. The service is primarily meant as a nice additional benefit for customers who already pay for cable or satellite TV.

NBC’s decision isn’t totally motivated by supporting Comcast’s cable TV business. Now that Disney has full operational control of Hulu, Disney can bundle Hulu (or Hulu with Live TV) with Disney+ to make a compelling streaming offering that should further accelerate cord cutting. NBC is OK with this. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free.

NBC will certainly monitor the take rate of its streaming service among non pay-TV subscribers if cord cutting dramatically accelerates. If necessary, it can move content on and off its service thanks to Tuesday’s deal with Hulu, as well as the impending expiration of streaming-rights deals for popular shows it owns, such as “The Office.” And three years from now, when its content deal with Hulu ends, there’s an easy path for NBC to make its streaming service more compelling by making all its content exclusive to it.

But at launch next year, the NBC streaming service won’t be a compelling addition for cord cutters. And that’s the point.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC and CNBC.com.

WATCH: Comcast will sell its Hulu stake to Disney, giving Disney full control


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: alex sherman
Keywords: news, cnbc, companies, wont, cord, disney, thats, live, nbcs, service, hulu, tv, 2020, compelling, nbc, paytv, streaming, design, customers, cutters


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‘The center of the political universe’ — Iowa is even more important than usual in the 2020 election

The president won Iowa by about 10 percentage points in 2016 after President Barack Obama carried the state twice. Iowa Soybean Association President Lindsay Greiner Joseph L. Murphy | Iowa Soybean AssociationLindsay Greiner, president of the Iowa Soybean Association, said “there’s really bean a lack of any good news.” The majority House Democrats are in no hurry to bring the deal to a vote in the chamber. With the issues facing Iowa, Democrats have looked for ways to gain an edge in 2020. “We d


The president won Iowa by about 10 percentage points in 2016 after President Barack Obama carried the state twice. Iowa Soybean Association President Lindsay Greiner Joseph L. Murphy | Iowa Soybean AssociationLindsay Greiner, president of the Iowa Soybean Association, said “there’s really bean a lack of any good news.” The majority House Democrats are in no hurry to bring the deal to a vote in the chamber. With the issues facing Iowa, Democrats have looked for ways to gain an edge in 2020. “We d
‘The center of the political universe’ — Iowa is even more important than usual in the 2020 election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jacob pramuk
Keywords: news, cnbc, companies, house, democratic, democrats, state, trade, iowa, vote, important, universe, trump, usual, political, 2020, election, president, center, states


'The center of the political universe' — Iowa is even more important than usual in the 2020 election

Democratic presidential candidate Senator Bernie Sanders (I-VT) speaks during a rally at the Fairfield Arts and Convention Center on April 06, 2019 in Fairfield, Iowa. Scott Olson | Getty Images

Democratic presidential candidates swarm. A nine-term U.S. House incumbent faces a primary challenge. Farmers watch to see whether President Donald Trump can end his trade conflicts — and ease their financial pain. That’s only the start of the intrigue in Iowa ahead of the 2020 elections. Even for a presidential campaign staging ground and White House swing state, the Hawkeye State will play a massive role next year. “Iowa is always important, but it really will be the center of the political universe for much of 2020,” said Alex Conant, a Republican strategist who worked on first-term Sen. Joni Ernst’s 2014 campaign victory. All four of the state’s House districts have a chance to change hands as Democrats try to hold a majority they won last year in part through a strong showing in Iowa. Meanwhile, Republicans may need Ernst to hold her seat to keep their Senate majority. Trump looms above it all. The president won Iowa by about 10 percentage points in 2016 after President Barack Obama carried the state twice. But frustrations have started to boil in a state heavily reliant on exports to Canada and Mexico. The president’s tariff policy and struggle to ratify updates to the North American Free Trade Agreement have created uncertainty for farms and other businesses. Of course, most of the focus on Iowa relates to its February caucuses, the first nominating contest in the Democratic presidential primary. The more than 20 candidates in the primary field have descended on the state in recent months, standing on counters, eating ice cream and serving beer as they court the state’s voters. A strong showing there can help Democrats establish an early foothold in the race to challenge Trump for the White House.

There’s more than a presidential race in Iowa

But much more will happen in Iowa to shape the battle for control of the White House and Congress in 2020. Along with states such as Pennsylvania and Michigan, Iowa voted for Trump after backing Obama twice. All of those states swung toward Democrats in last year’s midterms: in Iowa, Reps. Abby Finkenauer and Cindy Axne flipped GOP-held seats, while Republican Gov. Kim Reynolds won reelection by only about 2.5 percentage points. Iowa will play a major role in House elections again next year. Republicans have their eyes on taking back both Finkenauer’s 1st District and Axne’s 3rd District. The GOP will also target the state’s 2nd District, which despite its blue tilt has entered the 2020 battlefield due to Democratic Rep. Dave Loebsack’s retirement. Meanwhile, Republican Rep. Steve King in Iowa’s 4th District will have to fight off primary and general election challenges next year after surviving a close call in 2018. King, who has served for more than 15 years, lost party support and was stripped of committee assignments because of racist comments. His leading GOP rival for the seat is state Sen. Randy Feenstra, who easily raised more money than King in the first quarter. King’s district is “so heavily Republican that it really hasn’t been competitive for quite a while,” said Tim Hagle, an associate professor of political science at the University of Iowa. He said it has a better chance of flipping to Democratic control if King wins the nomination over one of his Republican challengers. Combined with Loebsack’s retirement and the freshman Democrats’ defense of their seats, the state has more congressional ballot intrigue than it has in years. At the statewide level, Ernst has an early advantage in the race to keep her seat. She won by nearly 10 percentage points in 2014. Democrats have struggled to find a top-tier challenger to take her on — both former Iowa Gov. Tom Vilsack and Axne declined to run for Senate. Still, the factors that could make Trump’s reelection close in Iowa will also affect Ernst. Iowa sits at the center of two national issues that will test voters’ patience not only for the president but also other incumbents. Farmers damaged by lower prices caused in part by Trump’s trade war with China want to see the conflict end and hope Congress will approve the new United States Mexico Canada Agreement.

Iowa Soybean Association President Lindsay Greiner Joseph L. Murphy | Iowa Soybean Association

Lindsay Greiner, president of the Iowa Soybean Association, said “there’s really bean a lack of any good news.” The organization advocates for soybean farmers in Iowa, the largest U.S. producer of the crop. Prices have plunged since the U.S. started a tit-for-tat tariff battle with China. The Trump administration has pushed Beijing to purchase more soybeans as part of any agreement. “Politicians are dragging their feet on approving USMCA. Progress has been made on a deal with China but it’s been slow,” Greiner said, referring to the updated NAFTA, which Trump has dubbed the United States Mexico Canada Agreement. He added that politicians appear “more concerned about whether Russia meddled in an election when there’s real economic hardship going on in farm country.” Greiner grows about 800 acres of corn and 700 acres of soybeans near Keota, Iowa. He said he has looked for ways to cut costs as the revenue for his farm has dropped by about $80,000 in the last year. The prospects look grim for USMCA approval soon. The majority House Democrats are in no hurry to bring the deal to a vote in the chamber. Republicans, led by Senate Finance Committee Chairman Chuck Grassley-R-Iowa, and Ernst, have pushed Trump to drop tariffs and steel and aluminum imports from Canada and Mexico before moving forward with the agreement. Iowa relies on America’s northern and southern neighbors. It sent $4.2 billion in goods, or about 30 percent of its exports, to Canada in 2018, according to the U.S. Trade Representative. It exported $2.3 billion in goods to Mexico. With about 18 months until the election and a Democratic nominee to be determined, it will take a while before we know whether the trade conflicts hurt Trump’s reelection. Greiner has voted for candidates from both major parties and supported both Trump and Loebsack in 2016. He said it is “too soon to tell” whether he will vote for a second term for the president. Trade has implications for Iowa’s House races, too. All four of Iowa’s congressional districts are among the 36 that have soybean plantings of more than half a million acres. Both Finkenauer and Axne criticized Trump’s tariffs on China on the way to winning their seats. While King acknowledged the damage the trade war caused to Iowa farmers, he, along with Trump, has stressed patience.

The disaster relief problem

Ryan Lincoln maneuvers his boat through flood water at the intersection of Pershing Ave and E 2nd St. Thursday, May 2, 2019. Kevin E. Schmidt | Quad City Times via AP

Farmers in western Iowa already ravaged by trade conflict took another devastating blow earlier this year. The worst flooding in years hit the state, along with Nebraska and Missouri. It put a focus not only on climate change but also the integrity of U.S. infrastructure. With the issues facing Iowa, Democrats have looked for ways to gain an edge in 2020. Sen. Elizabeth Warren, D-Mass., proposed appointing “trustbusters” to review and reverse “anti-competitive mergers” in the agriculture industry. Sen. Amy Klobuchar, a Minnesota Democrat used to campaigning in farm country, has put an emphasis on overhauling infrastructure and connecting rural Americans to the internet. Multiple Democratic candidates have toured the flooded areas of Iowa. Washington Gov. Jay Inslee — who has run primarily on a pledge to combat climate change — used the moment to accuse Trump of making natural disasters worse by failing to address a warming planet. In only the last few days, the eastern part of Iowa took a hit. Flood waters swept into Davenport, Iowa, on Tuesday temporary structures holding back a swollen Mississippi River gave way. Warren cited Davenport on Thursday in saying “climate change is here, and it’s up to us to act.” But Iowa carries its pitfalls for Democrats. The Senate has failed to pass a bill to send natural disaster relief funds to states such as Iowa, Florida, Texas and California. Democrats have pushed for a package to include more aid for hurricane-ravaged Puerto Rico — spending Trump does not support. All six senators running for president as Democrats either voted not to advance, or missed the vote on, a GOP-backed bill that they said lacked enough relief money for the island commonwealth. When the vote took place last month, Grassley warned his colleagues about political backlash in Iowa. “To my colleagues across the aisle who have been spending a lot of time in Iowa lately as presidential candidates, if you vote against moving forward with the [relief money for Midwestern states], how are you going to look Iowans in the eye and justify a vote against moving this disaster relief bill ahead?” he asked at the time. Trade poses another issue for parts of the Democratic field in Iowa. Leading candidates whose trade views overlap with Trump’s — such as Sen. Bernie Sanders, I-Vt., and Warren — will have to defend their opposition to trade deals such as NAFTA that have shaped the Iowa economy.

“We do want to have an end in sight”

Soybean harvesting in Iowa Joseph L. Murphy | Iowa Soybean Association


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jacob pramuk
Keywords: news, cnbc, companies, house, democratic, democrats, state, trade, iowa, vote, important, universe, trump, usual, political, 2020, election, president, center, states


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More Americans are likely to oppose Trump in the 2020 elections because of his handling of health care, poll says

While 23% of those polled said Trump’s stance on health care would compel them to vote for his reelection, 40% said they likely will not support him next year because of it. Of the remaining voters, 33% said health care is not a factor in who they’ll vote for, while 5% said they had no opinion on Trump’s handling of health care. More Americans say they are likely to oppose rather than support President Donald Trump in the 2020 presidential elections because of his handling of health care, accord


While 23% of those polled said Trump’s stance on health care would compel them to vote for his reelection, 40% said they likely will not support him next year because of it. Of the remaining voters, 33% said health care is not a factor in who they’ll vote for, while 5% said they had no opinion on Trump’s handling of health care. More Americans say they are likely to oppose rather than support President Donald Trump in the 2020 presidential elections because of his handling of health care, accord
More Americans are likely to oppose Trump in the 2020 elections because of his handling of health care, poll says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: ashley turner
Keywords: news, cnbc, companies, popular, hudak, trump, oppose, likely, 2020, poll, republicans, americans, trumps, healthcare, health, handling, obamacare, elections, president, care


More Americans are likely to oppose Trump in the 2020 elections because of his handling of health care, poll says

US President Donald Trump arrives to board Air Force One at Joint Base Andrews in Maryland on April 26, 2019.

It’s not surprising that health care has become a top priority for voters, because the last few years have been “tumultuous” for the health-care system, said Rachel Nuzum, vice president for the Federal and State Health Policy initiative at The Commonwealth Fund.

While 23% of those polled said Trump’s stance on health care would compel them to vote for his reelection, 40% said they likely will not support him next year because of it. Of the remaining voters, 33% said health care is not a factor in who they’ll vote for, while 5% said they had no opinion on Trump’s handling of health care.

More Americans say they are likely to oppose rather than support President Donald Trump in the 2020 presidential elections because of his handling of health care, according to a new ABC/Washington Post poll .

“Americans need certainty when it comes to their health care,” Nuzum said. And Trump’s call to upend the health-care system “creates a lot of uncertainty,” she added.

Trump and congressional Republicans have vowed to repeal the Affordable Care Act, or Obamacare, pledging to deliver on one of Trump’s main campaign promises. Despite Trump’s assertion that Republicans will become “The Party of Healthcare,” Republicans don’t have another health-care plan in place and are waiting until the GOP regains control of the House of Representatives to unveil a replacement proposal. Republicans currently hold control of the Senate but lost the majority of the House in the 2018 midterm elections.

Lawmakers on both sides of the aisle widely believe the Republican-led Senate’s attempt to repeal Obamacare in 2017 led to the Democrats’ House victory.

Trump’s effort to repeal Obamacare without a better proposal in place is a “very risky political proposition,” according to John Hudak, a senior fellow and deputy director at the Brookings Institution’s Center for Effective Public Management.

Hudak said Obamacare’s individual provisions — such as Medicaid expansion, protecting preexisting conditions and allowing children to stay on their parents’ insurance plans until they are 26 years old — are “wildly popular” with voters.

“These are all issues that are not just more popular than the president, they’re more popular than a lot of other issues in America,” Hudak said.

But Obamacare is in jeopardy once again, after the Trump administration supported a lawsuit questioning the health-care law’s constitutionality.

In December, U.S. District Judge Reed O’Connor of Texas said that without a rule that requires Americans to have health insurance or face a tax penalty, Obamacare cannot stand. The Trump administration reduced the tax penalty — called the individual mandate — to $0 in the 2017 Tax Cuts and Jobs Act.

Now O’Connor’s ruling, which is backed by the Justice Department, awaits deliberation in the U.S. Court of Appeals for the 5th Circuit, though experts and even some top Republicans have said it’s unlikely the law will be overturned.

Though some believe Obamacare is safe from a negative ruling from the Supreme Court, Hudak said Trump’s attacks on Obamacare, which has become popular with many citizens despite failing to reduce health-care costs, can hurt his relationship with swing voters.

“Threatening to take away tens of millions of people’s health care is not a great recipe for growing his political coalition,” Hudak said.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: ashley turner
Keywords: news, cnbc, companies, popular, hudak, trump, oppose, likely, 2020, poll, republicans, americans, trumps, healthcare, health, handling, obamacare, elections, president, care


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Former Vice President Joe Biden launches 2020 presidential campaign

That’s why today I’m announcing my candidacy for president of the United States,” the 76-year-old Biden said in the 3½-minute video. It’s yet unclear if Biden will even receive an explicit endorsement from his political partner of nearly a decade — President Barack Obama. A statement Monday morning praising Biden was sent by an Obama spokesperson: “President Obama has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made. Just ask President Oba


That’s why today I’m announcing my candidacy for president of the United States,” the 76-year-old Biden said in the 3½-minute video. It’s yet unclear if Biden will even receive an explicit endorsement from his political partner of nearly a decade — President Barack Obama. A statement Monday morning praising Biden was sent by an Obama spokesperson: “President Obama has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made. Just ask President Oba
Former Vice President Joe Biden launches 2020 presidential campaign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kevin breuninger, joseph prezioso, afp, getty images
Keywords: news, cnbc, companies, video, president, biden, early, launches, democratic, obama, white, announcement, joe, 2020, vice, campaign, run, presidential


Former Vice President Joe Biden launches 2020 presidential campaign

Former Vice President Joe Biden formally joined the crowded Democratic presidential contest on Thursday, betting that his working-class appeal and ties to Barack Obama’s presidency will help him overcome questions about his place in today’s increasingly liberal Democratic Party.

He made his announcement in a video posted on Twitter.

“Everything that has made America America is at stake. That’s why today I’m announcing my candidacy for president of the United States,” the 76-year-old Biden said in the 3½-minute video.

Biden’s first major campaign event is set for Monday in Pittsburgh, where he is expected to speak about rebuilding an inclusive middle class, according to NBC News. Biden will then launch a multistate campaign tour with a focus on states with early voting, where he will hash out his vision for closing the divides that are driving Americans apart, NBC reported.

Thursday’s announcement marks the unofficial end of the chaotic early phase of the 2020 presidential season. The field now features at least 20 Democrats jockeying for the chance to take on President Donald Trump next year. Several lesser-known candidates may still join the race.

Despite being widely viewed as an instant frontrunner in the race, Biden faces tough questions about whether his candidacy will be viable amid the crowded and diverse field of candidates.

It’s yet unclear if Biden will even receive an explicit endorsement from his political partner of nearly a decade — President Barack Obama.

A statement Monday morning praising Biden was sent by an Obama spokesperson: “President Obama has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made. He relied on the Vice President’s knowledge, insight, and judgment throughout both campaigns and the entire presidency. The two forged a special bond over the last 10 years and remain close today.”

Biden’s decision to run came despite accusations in March and April by several women that he touched them in ways that made them feel uncomfortable. In early April, Biden promised in a two-minute video to be “more mindful and respectful of people’s personal space.”

Despite entering the race later than most of the field, Biden has consistently led polls of Democratic primary voters ahead of Sens. Bernie Sanders and Kamala Harris, and South Bend, Indiana, Mayor Pete Buttigieg. This is Biden’s third run for the White House.

Biden’s announcement ends more than two years of speculation about whether he would launch a White House bid for the 2020 election, dating to President Donald Trump’s victory over former Secretary of State Hillary Clinton in November 2016.

Biden’s decision not to run for president in the 2016 contest helped clear the way for Clinton to become the Democratic nominee.

Trump did not immediately respond to the announcement video, in which Biden attacked the president for his remark that there were “very fine people on both sides” of a white nationalist rally and counterprotest in Charlottesville, Va., in 2017.

But the Republican National Committee had choice words for Biden in a statement to CNBC.

“Joe Biden has been running for president and losing since the ’80s. 2020 won’t be any different. Biden’s fingerprints are all over foreign policy blunders and the weakest economic recovery since World War II,” said RNC Communications Director Michael Ahrens. “We don’t need eight more years of Biden. Just ask President Obama, who isn’t even endorsing his right-hand man.”

Some have speculated that that decision, which Biden said was based in part on his enduring grief following the death of his 46-year-old son, Beau, to brain cancer in March 2015, might have cost him his best shot at the presidency.

In fact, if he had entered the 2016 fray, Biden would have started off as the most popular candidate, according to a September 2015 NBC News/Wall Street Journal poll.

With a resume boasting 36 years in the Senate representing Delaware and eight more in Obama’s White House, Biden’s status as an experienced Washington insider serves as just one of many contrasts with Trump.

Even before Biden announced his 2020 run, he led early polls of Democratic presidential candidates. His national name recognition and association with Obama, who enjoys high popularity as a White House alumnus, made him a top contender from the earliest stages of the campaign.

—The Associated Press contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kevin breuninger, joseph prezioso, afp, getty images
Keywords: news, cnbc, companies, video, president, biden, early, launches, democratic, obama, white, announcement, joe, 2020, vice, campaign, run, presidential


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Even with Biden in the race, former President Barack Obama will wait to endorse a 2020 Democrat

Former President Barack Obama is waiting to see how things play out before making any 2020 endorsement, including of Joe Biden, his two-time running mate. Obama delivered a supportive statement for his longtime friend Biden on Thursday after the former vice president made his entrance into the race official. Read more: Every Democrat wants Barack Obama’s 2020 endorsement – but Joe Biden and Kamala Harris are likely the top contenders to get it”We don’t need eight more years of Biden. Just ask Pr


Former President Barack Obama is waiting to see how things play out before making any 2020 endorsement, including of Joe Biden, his two-time running mate. Obama delivered a supportive statement for his longtime friend Biden on Thursday after the former vice president made his entrance into the race official. Read more: Every Democrat wants Barack Obama’s 2020 endorsement – but Joe Biden and Kamala Harris are likely the top contenders to get it”We don’t need eight more years of Biden. Just ask Pr
Even with Biden in the race, former President Barack Obama will wait to endorse a 2020 Democrat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: tucker higgins, cheriss may, nurphoto, getty images
Keywords: news, cnbc, companies, endorse, running, campaign, president, biden, need, democrat, barack, 2020, sen, endorsement, obamas, wait, obama, race


Even with Biden in the race, former President Barack Obama will wait to endorse a 2020 Democrat

Former President Barack Obama is waiting to see how things play out before making any 2020 endorsement, including of Joe Biden, his two-time running mate.

Obama delivered a supportive statement for his longtime friend Biden on Thursday after the former vice president made his entrance into the race official. But he is unlikely to endorse him or anyone else until the Democratic candidates have a chance to make their cases directly to the voters, a source familiar with the former president’s thinking told CNBC.

Though Obama’s reluctance is not wholly surprising, Republicans are already seizing on it as a talking point to use against the 76-year-old Pennsylvania native who is leading the race in early polling.

Read more: Every Democrat wants Barack Obama’s 2020 endorsement – but Joe Biden and Kamala Harris are likely the top contenders to get it

“We don’t need eight more years of Biden. Just ask President Obama, who isn’t even endorsing his right-hand man,” RNC Communications Director Michael Ahrens said in a statement.

Despite withholding an endorsement, Obama has said kind words about Biden. In a statement, Obama spokeswoman Katie Hill said that the former president “has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made.”

“He relied on the Vice President’s knowledge, insight, and judgment throughout both campaigns and the entire presidency. The two forged a special bond over the last 10 years and remain close today,” Hill said.

And Obama’s former advisor David Axelrod pushed back on those who expected an endorsement right out of the gate, telling Politico that the expectation was “baffling” and contrary to custom.

Biden, talking to reporters in Thursday, said he asked Obama not to endorse him.

“He wanted to make the case. He is running in this race because he believes we need to restore the soul of this nation, we need to rebuild the backbone of America, and that we need to unify and come together,” Biden’s communications director Kate Bedingfield said on MSNBC.

Still, there is some speculation that Obama could back a candidate whose campaign more closely resembles his own 2008 bid, which was at first seen as a long shot and was predicated on change.

In a 2016 interview with The New Yorker, Obama mentioned four up-and-coming Democrats that he suggested could appeal to the party’s changing demographics. Two of those Democrats, Sen. Kamala Harris of California and South Bend, Indiana Mayor Pete Buttigieg, are running for president.

And Buttigieg, who is 37, has already drawn support from top Obama fundraisers, CNBC has reported.

Meanwhile, Obama’s former staffers have fanned out among the 20 Democrats running for president.

Former Texas Rep. Beto O’Rourke’s campaign is being run by Obama’s 2012 deputy campaign manager Jennifer O’Malley Dillon.

New York Sen. Kirsten Gillibrand’s national deputy political director is a former Obama campaign advisor, as are officials working for Harris and Sen. Elizabeth Warren of Massachusetts. Meanwhile, Bill Burton, one of Obama’s first campaign advisors, has signed on to work for former Starbucks chief Howard Schultz, who has said he may run as an independent.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: tucker higgins, cheriss may, nurphoto, getty images
Keywords: news, cnbc, companies, endorse, running, campaign, president, biden, need, democrat, barack, 2020, sen, endorsement, obamas, wait, obama, race


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2020 Democrats split with House leaders over whether to impeach Trump after Mueller report

The redacted version of special counsel Robert Mueller’s Russia report has finally arrived, and with it a renewed focus on whether Democrats will try to impeach President Donald Trump. The Mueller report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of just


The redacted version of special counsel Robert Mueller’s Russia report has finally arrived, and with it a renewed focus on whether Democrats will try to impeach President Donald Trump. The Mueller report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of just
2020 Democrats split with House leaders over whether to impeach Trump after Mueller report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kevin breuninger, alex wong, getty images
Keywords: news, cnbc, companies, impeach, report, support, democrats, trumps, version, mueller, house, president, trump, split, impeachment, 2020, voters, leaders


2020 Democrats split with House leaders over whether to impeach Trump after Mueller report

The redacted version of special counsel Robert Mueller’s Russia report has finally arrived, and with it a renewed focus on whether Democrats will try to impeach President Donald Trump.

While the president touts the report as a resounding victory for him and his administration, many Democrats have seized on the 448-page window into Trump’s White House, declaring it a damning account of executive incompetence and unethical conduct.

The Mueller report — released with redactions Thursday — found insufficient evidence to prove that Trump’s 2016 campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that the report did not show that Trump committed an obstruction of justice offense.

Still, its findings have shoved the impeachment conversation further into the mainstream than ever before during Trump’s presidency.

In recent days, a growing number of Democratic presidential candidates have come out in favor of moving toward impeachment, andat least one of them has explicitly called for the House to launch proceedings against Trump.

Leaders in the party, however, have signaled their opposition to launching an impeachment fight, which could derail their legislative agenda, hurt their party in the polls — or even threaten Democrats’ chances of beating Trump in 2020.

“The rank and file for the most part realizes this is not a winning strategy,” Monmouth University Polling Institute Director Patrick Murray told CNBC.

Murray pointed to polls showing that less than 4 in 10 voters support impeaching and removing Trump from office — a move that would require support from two-thirds of the Senate, which is currently controlled by Republicans.

And now that a version of the Mueller report is out, appetites for impeachment appear to be waning even further. A poll released Monday from Morning Consult and Politico found that just 34% of voters support impeaching Trump — a 5-percentage-point drop since January, even as Trump’s own approval rating slid to 39%.

Jack Kingston, a conservative activist and former GOP congressman from Georgia, put it bluntly: “People don’t like you screwing with their president of the United States.”

Trump, who has raged against the Mueller probe as a partisan “witch hunt” before and after the release of the report, said Monday that he is “not even a little bit” worried about impeachment.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kevin breuninger, alex wong, getty images
Keywords: news, cnbc, companies, impeach, report, support, democrats, trumps, version, mueller, house, president, trump, split, impeachment, 2020, voters, leaders


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Rep. Seth Moulton is latest Democrat to enter 2020 field

WASHINGTON — Rep. Seth Moulton, D-Mass., became the latest Democrat to enter the 2020 presidential race Monday, launching a presidential campaign focused on national security. Moulton has been traveling to early primary and caucus states as he prepared for a presidential run. Moulton is the 19th candidate to enter the very crowded Democratic field. He’s used his position in the House to recruit and support veteran candidacies with his PAC, which contributed $4.3 million in last year’s midterms.


WASHINGTON — Rep. Seth Moulton, D-Mass., became the latest Democrat to enter the 2020 presidential race Monday, launching a presidential campaign focused on national security. Moulton has been traveling to early primary and caucus states as he prepared for a presidential run. Moulton is the 19th candidate to enter the very crowded Democratic field. He’s used his position in the House to recruit and support veteran candidacies with his PAC, which contributed $4.3 million in last year’s midterms.
Rep. Seth Moulton is latest Democrat to enter 2020 field Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: alex seitz-wald, bill clark, cq-roll call group, getty images
Keywords: news, cnbc, companies, 2020, latest, veteran, seth, primary, democrat, enter, veterans, field, moulton, presidential, national, rep, support


Rep. Seth Moulton is latest Democrat to enter 2020 field

WASHINGTON — Rep. Seth Moulton, D-Mass., became the latest Democrat to enter the 2020 presidential race Monday, launching a presidential campaign focused on national security.

A 40-year-old Marine combat veteran who earned a Bronze Star in Iraq, Moulton’s stature has been rising since he won a seat in Congress in 2014 by defeating a long-time Democratic incumbent in a primary.

Moulton may be best known, however, for his opposition to Speaker Nancy Pelosi. His call for new leadership in internal House elections early this year cost him some support back home in his congressional district north of Boston, which includes Salem and the famous fishing town of Gloucester. He later came around to support Pelosi.

Moulton has been traveling to early primary and caucus states as he prepared for a presidential run. This week, he’ll visit all four of them again and participate in a service project in each, something he has long made a part of his campaigns.

Moulton is the 19th candidate to enter the very crowded Democratic field. He’s hardly a household name and may struggle to stand out from the eight other male candidates.

But his advisers think the primary contest is still wide open and believe voters want a fresh, younger voice who is willing to break with their own party if need be. And his team argues he can carve a place for himself in the field by focusing on national security, which none of the other candidates have prioritized thus far.

He’s used his position in the House to recruit and support veteran candidacies with his PAC, which contributed $4.3 million in last year’s midterms.

Unlike most other young veterans in politics, Moulton joined the military before the September 11 terror attacks and led one of the first platoons to enter Baghdad during the initial invasion.

The other veterans in the 2020 field are Pete Buttigieg, the mayor of South Bend, Indiana, and Rep. Tulsi Gabbard, D-Hawaii.

Moulton holds three degrees from Harvard — including an MBA and masters of public policy — and attended the elite Phillips Academy prep school in Andover, Mass.

Ideologically, Moulton is progressive on many issues, coming out for the Green New Deal and abolishing the Electoral College and Senate filibuster before some other candidates. But he’s temperamentally considered more moderate.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: alex seitz-wald, bill clark, cq-roll call group, getty images
Keywords: news, cnbc, companies, 2020, latest, veteran, seth, primary, democrat, enter, veterans, field, moulton, presidential, national, rep, support


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Apple will release a 5G iPhone in 2020 with chips from Qualcomm and Samsung, top analyst says

Apple could release iPhones in 2020 equipped with 5G modems, according to research notes from TF International Securities analyst Ming-Chi Kuo. The modems could be provided by both Qualcomm and Samsung, according to the research. Access to 5G modem parts is one major reason why Apple settled a bitter legal battle withQualcomm last week. Apple typically releases new iPhone models in September, so the 5G iPhone would not be released until at least September 2020. Kuo said that the introduction of


Apple could release iPhones in 2020 equipped with 5G modems, according to research notes from TF International Securities analyst Ming-Chi Kuo. The modems could be provided by both Qualcomm and Samsung, according to the research. Access to 5G modem parts is one major reason why Apple settled a bitter legal battle withQualcomm last week. Apple typically releases new iPhone models in September, so the 5G iPhone would not be released until at least September 2020. Kuo said that the introduction of
Apple will release a 5G iPhone in 2020 with chips from Qualcomm and Samsung, top analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: kif leswing, issei kato
Keywords: news, cnbc, companies, apple, 2020, 5g, released, samsung, reason, chips, qualcomm, analyst, release, research, models, iphone, modems


Apple will release a 5G iPhone in 2020 with chips from Qualcomm and Samsung, top analyst says

Apple could release iPhones in 2020 equipped with 5G modems, according to research notes from TF International Securities analyst Ming-Chi Kuo.

The modems could be provided by both Qualcomm and Samsung, according to the research. Access to 5G modem parts is one major reason why Apple settled a bitter legal battle withQualcomm last week.

A 5G-equipped iPhone with a faster and more reliable cellular internet connection could give consumers a reason to upgrade from older models as iPhone sales growth stalls.

Apple typically releases new iPhone models in September, so the 5G iPhone would not be released until at least September 2020. The iPhones released this September will most likely support current-generation LTE networks instead.

From Kuo’s note Monday:

We expect Apple will likely adopt 5G baseband chips made by Qualcomm (focus on mmWave markets) and Samsung (focus on Sub-6GHz markets) for lowering supply risk, reducing costs and having better bargaining power.

Kuo said that the introduction of a 5G iPhone could spur a wave of upgrades and purchases, especially for high-end models:


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: kif leswing, issei kato
Keywords: news, cnbc, companies, apple, 2020, 5g, released, samsung, reason, chips, qualcomm, analyst, release, research, models, iphone, modems


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