The $2.5 million Pininfarina Battista electric hypercar debuts in US

While other automakers packed the Javits Center for the New York International Auto Show, Automobili Pininfarina launched one of the week’s most exciting car debuts at an off-site event. The company’s new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds. That makes it the fastest street-legal car ever built by an automaker, even outrunning a Formula One race car to 60 mph. Pininfarina has previously said that a Battista will h


While other automakers packed the Javits Center for the New York International Auto Show, Automobili Pininfarina launched one of the week’s most exciting car debuts at an off-site event. The company’s new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds. That makes it the fastest street-legal car ever built by an automaker, even outrunning a Formula One race car to 60 mph. Pininfarina has previously said that a Battista will h
The $2.5 million Pininfarina Battista electric hypercar debuts in US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: mack hogan, h o, automobili pininfarina
Keywords: news, cnbc, companies, car, hypercar, battista, 60, york, million, weeks, pininfarina, thrust, miles, electric, whopping, testarossa, targeting, 25, debuts


The $2.5 million Pininfarina Battista electric hypercar debuts in US

While other automakers packed the Javits Center for the New York International Auto Show, Automobili Pininfarina launched one of the week’s most exciting car debuts at an off-site event.

The company’s new all-electric Battista hypercar produces a whopping 1,900 horsepower and reaches 60 miles per hour in under two seconds. That makes it the fastest street-legal car ever built by an automaker, even outrunning a Formula One race car to 60 mph.

Pininfarina has previously said that a Battista will hit 180 mph in less time than an F-16 fighter jet. All of that thrust comes from electric motors that are fed by a 120 kWh battery and should be good for around 300 miles of range on a single charge.

The company — which has roots in the storied Italian design house that styled iconic cars like the Fiat 124, Maserati GranTurismo, Ferrari Testarossa and Alfa Romeo Spider — is targeting a 2020 release date for the Battista.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: mack hogan, h o, automobili pininfarina
Keywords: news, cnbc, companies, car, hypercar, battista, 60, york, million, weeks, pininfarina, thrust, miles, electric, whopping, testarossa, targeting, 25, debuts


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PagerDuty pops nearly 60% in debut as tech IPO market heats up

PagerDuty shares jumped 59% in their opening day of trading on Thursday in the first notable software IPO of 2019. Shares traded at $38.25 a piece, leaving PagerDuty with a market capitalization of around $2.8 billion. The stock had been priced at $24 Wednesday at a market cap of nearly $1.8 billion. Revenue jumped 48 percent last year to $117.8 million, though the company’s net loss widened to $40.7 million from $38.1 million a year earlier. PagerDuty’s competitors include Atlassian and Splunk,


PagerDuty shares jumped 59% in their opening day of trading on Thursday in the first notable software IPO of 2019. Shares traded at $38.25 a piece, leaving PagerDuty with a market capitalization of around $2.8 billion. The stock had been priced at $24 Wednesday at a market cap of nearly $1.8 billion. Revenue jumped 48 percent last year to $117.8 million, though the company’s net loss widened to $40.7 million from $38.1 million a year earlier. PagerDuty’s competitors include Atlassian and Splunk,
PagerDuty pops nearly 60% in debut as tech IPO market heats up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: lauren feiner, ari levy
Keywords: news, cnbc, companies, technology, heats, tech, market, pops, pagerduty, way, investors, shares, debut, 60, billion, ipo, nearly, companies, software, million


PagerDuty pops nearly 60% in debut as tech IPO market heats up

PagerDuty shares jumped 59% in their opening day of trading on Thursday in the first notable software IPO of 2019. Shares traded at $38.25 a piece, leaving PagerDuty with a market capitalization of around $2.8 billion. The stock had been priced at $24 Wednesday at a market cap of nearly $1.8 billion.

The rally, if it can be sustained, should offer some relief to technology investors following Lyft’s post-IPO performance, especially with bigger companies like Zoom, Pinterest and Uber preparing to hit the public markets in the coming weeks. Lyft debuted at $72 on March 29, but has stumbled since, closing on Wednesday at $60.12.

PagerDuty, whose software helps technical teams quickly spot problems with applications and respond to incidents such as customer complaints, is used by developers at over 11,000 companies, including Slack, Box, Gap and Netflix. Revenue jumped 48 percent last year to $117.8 million, though the company’s net loss widened to $40.7 million from $38.1 million a year earlier.

Its previous financing round was in September, when T. Rowe Price Group led a $90 million investment at a $1.3 billion valuation.

The so-called DevOps market is expected to reach $10.3 billion a year by 2023, up from $3.4 billion last year, according to research from MarketsandMarkets. Ethan Kurzweil, a partner at Bessemer Venture Partners, one of PagerDuty’s biggest investors, said that these sorts of developer tools are gaining importance as software becomes central to the way more companies do business.

“It’s the practitioner that’s making the decision to adopt, and then ultimately is the one that controls the purchasing decisions, as opposed to selling to a central IT gatekeeper,” said Kurzweil, whose firm owned about 12 percent of PagerDuty prior to the offering. “The next generation of cloud technology is being sold bottoms-up to the people using it.”

PagerDuty was founded in 2009 by three former Amazon developers. In 2016, the company hired industry veteran Jennifer Tejada as its CEO. She owns about 6 percent of the company. The biggest investors are Andreessen Horowitz at 18 percent before the offering, followed by Accel at 12 percent.

PagerDuty’s competitors include Atlassian and Splunk, which have both acquired their way into the market.

WATCH: PagerDuty CEO on cloud computing, cybersecurity and diverse leadership


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: lauren feiner, ari levy
Keywords: news, cnbc, companies, technology, heats, tech, market, pops, pagerduty, way, investors, shares, debut, 60, billion, ipo, nearly, companies, software, million


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Samsung warns first-quarter profits fell by 60 percent

Samsung Electronics’ first-quarter profits likely fell almost 60 percent from a year ago due to weakness in its display and memory business. The South Korean tech giant said on Friday its operating profit for the three months ended March would be around 6.2 trillion Korean won ($5.5 billion), a sharp decline from the 15.64 trillion won seen in the first quarter of 2018. Friday’s number also missed analysts’ estimate of 6.8 trillion won. Samsung is set to release full earnings for the first quart


Samsung Electronics’ first-quarter profits likely fell almost 60 percent from a year ago due to weakness in its display and memory business. The South Korean tech giant said on Friday its operating profit for the three months ended March would be around 6.2 trillion Korean won ($5.5 billion), a sharp decline from the 15.64 trillion won seen in the first quarter of 2018. Friday’s number also missed analysts’ estimate of 6.8 trillion won. Samsung is set to release full earnings for the first quart
Samsung warns first-quarter profits fell by 60 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, smartphone, samsung, warns, won, profits, quarter, fell, 60, korean, weakness, period, firstquarter, memory, profit, trillion


Samsung warns first-quarter profits fell by 60 percent

Samsung Electronics’ first-quarter profits likely fell almost 60 percent from a year ago due to weakness in its display and memory business.

The South Korean tech giant said on Friday its operating profit for the three months ended March would be around 6.2 trillion Korean won ($5.5 billion), a sharp decline from the 15.64 trillion won seen in the first quarter of 2018.

Friday’s number also missed analysts’ estimate of 6.8 trillion won.

Samsung is set to release full earnings for the first quarter later this month.

Samsung shares dipped 0.21 on Friday, tracking behind the Korean benchmark Kospi, which closed in positive territory. The relatively neutral reaction in the stock market was likely because investors were already expecting the profit drop for the January-March period, following a warning from Samsung last month.

In a March regulatory filing, the smartphone and chip maker predicted a bigger-than-expected price decline for major memory products — its main profit-making business — due to seasonal weakness in demand. Those components are used in mobile handsets and enterprise servers.

A slowdown in data center companies buying memory chips, as well as flagging smartphone sales have affected demand for Samsung’s memory chips, according to analysts. But the company isn’t alone — the entire semiconductor sector is undergoing a period of inventory adjustment, experts said.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, smartphone, samsung, warns, won, profits, quarter, fell, 60, korean, weakness, period, firstquarter, memory, profit, trillion


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Samsung warns first-quarter profits fell by 60 percent

Samsung Electronics’ first-quarter profits likely fell almost 60 percent from a year ago due to weakness in its display and memory business. The South Korean tech giant said on Friday its operating profit for the three months ended March would be around 6.2 trillion Korean won ($5.5 billion), a sharp decline from the 15.64 trillion won seen in the first quarter of 2018. Friday’s number also missed analysts’ estimate of 6.8 trillion won. Samsung is set to release full earnings for the first quart


Samsung Electronics’ first-quarter profits likely fell almost 60 percent from a year ago due to weakness in its display and memory business. The South Korean tech giant said on Friday its operating profit for the three months ended March would be around 6.2 trillion Korean won ($5.5 billion), a sharp decline from the 15.64 trillion won seen in the first quarter of 2018. Friday’s number also missed analysts’ estimate of 6.8 trillion won. Samsung is set to release full earnings for the first quart
Samsung warns first-quarter profits fell by 60 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, smartphone, samsung, warns, won, profits, quarter, fell, 60, korean, weakness, period, firstquarter, memory, profit, trillion


Samsung warns first-quarter profits fell by 60 percent

Samsung Electronics’ first-quarter profits likely fell almost 60 percent from a year ago due to weakness in its display and memory business.

The South Korean tech giant said on Friday its operating profit for the three months ended March would be around 6.2 trillion Korean won ($5.5 billion), a sharp decline from the 15.64 trillion won seen in the first quarter of 2018.

Friday’s number also missed analysts’ estimate of 6.8 trillion won.

Samsung is set to release full earnings for the first quarter later this month.

Samsung shares dipped 0.21 on Friday, tracking behind the Korean benchmark Kospi, which closed in positive territory. The relatively neutral reaction in the stock market was likely because investors were already expecting the profit drop for the January-March period, following a warning from Samsung last month.

In a March regulatory filing, the smartphone and chip maker predicted a bigger-than-expected price decline for major memory products — its main profit-making business — due to seasonal weakness in demand. Those components are used in mobile handsets and enterprise servers.

A slowdown in data center companies buying memory chips, as well as flagging smartphone sales have affected demand for Samsung’s memory chips, according to analysts. But the company isn’t alone — the entire semiconductor sector is undergoing a period of inventory adjustment, experts said.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, smartphone, samsung, warns, won, profits, quarter, fell, 60, korean, weakness, period, firstquarter, memory, profit, trillion


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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
Deutsche picks this video game maker as its top buy idea, sees 60% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.”

“We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


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Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
Deutsche picks this video game maker as its top buy idea, sees 60% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


Deutsche picks this video game maker as its top buy idea, sees 60% gain

Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.”

“We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, maker, universe, picks, stock, recommending, buy, gain, sees, 60, deutsche, valuation, thesis, saying, game, video, nintendo, idea, pick


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Earthquake measuring 6.0 magnitude strikes off Mindanao, Philippines

An earthquake initially measuring 6.0 magnitude struck Mindanao in the Philippines on Wednesday, the European earthquake monitoring service EMSC reported. The undersea quake, which was later revised down to 5.7 magnitude, was 211 kilometers (130 miles) northeast of Davao and at a depth of 60 km (37 miles).


An earthquake initially measuring 6.0 magnitude struck Mindanao in the Philippines on Wednesday, the European earthquake monitoring service EMSC reported. The undersea quake, which was later revised down to 5.7 magnitude, was 211 kilometers (130 miles) northeast of Davao and at a depth of 60 km (37 miles).
Earthquake measuring 6.0 magnitude strikes off Mindanao, Philippines Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: pacific press, lightrocket, getty images
Keywords: news, cnbc, companies, miles, strikes, mindanao, service, quake, 60, reportedthe, undersea, revised, philippines, struck, earthquake, magnitude, measuring


Earthquake measuring 6.0 magnitude strikes off Mindanao, Philippines

An earthquake initially measuring 6.0 magnitude struck Mindanao in the Philippines on Wednesday, the European earthquake monitoring service EMSC reported.

The undersea quake, which was later revised down to 5.7 magnitude, was 211 kilometers (130 miles) northeast of Davao and at a depth of 60 km (37 miles).


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: pacific press, lightrocket, getty images
Keywords: news, cnbc, companies, miles, strikes, mindanao, service, quake, 60, reportedthe, undersea, revised, philippines, struck, earthquake, magnitude, measuring


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$60 to $70 is a fair price for a barrel of oil, Egypt’s petroleum minister says

There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt’s Petroleum Minister Tarek El-Molla. “It is in the range between $60 and $70 a barrel … somewhere in this bracket of price,” El Molla told CNBC on Sunday when asked if oil prices were at an acceptable level to keep producers and consumers happy. If we see prices go down below a certain price then we will see a slowdown in investments,” he


There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt’s Petroleum Minister Tarek El-Molla. “It is in the range between $60 and $70 a barrel … somewhere in this bracket of price,” El Molla told CNBC on Sunday when asked if oil prices were at an acceptable level to keep producers and consumers happy. If we see prices go down below a certain price then we will see a slowdown in investments,” he
$60 to $70 is a fair price for a barrel of oil, Egypt’s petroleum minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: holly ellyatt, mohd jailanee othman, eyeem, getty images
Keywords: news, cnbc, companies, barrels, production, fair, million, egypts, barrel, minister, 60, prices, producers, day, petroleum, opec, oil, price, 70


$60 to $70 is a fair price for a barrel of oil, Egypt's petroleum minister says

There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt’s Petroleum Minister Tarek El-Molla.

“It is in the range between $60 and $70 a barrel … somewhere in this bracket of price,” El Molla told CNBC on Sunday when asked if oil prices were at an acceptable level to keep producers and consumers happy.

“If prices of crude increase significantly we would start to see inflation and an exaggeration in the slowdown in consumption from the other side. If we see prices go down below a certain price then we will see a slowdown in investments,” he said.

“So, actually, the fair equation is to have a balanced price between the producers and the consumers whereby each party is happy and to continue the growth of the global economy.”

Egypt is a significant oil and natural gas producer in the Middle East although it’s not a member of OPEC and its output is dwarfed by members of the oil producing group and other non-OPEC producers like Russia.

Egypt is aiming to boost production modestly in 2019, to 670,000 barrels a day, although its output still trails that of others in the region. The latest figures from OPEC’s monthly report in January showed that Egypt’s oil producing neighbors to the west, Libya and Algeria, produced 928,000 barrels a day and a million barrels a day respectively in December. OPEC lynchpin Saudi Arabia produced 10.5 million barrels a day.

OPEC and non-OPEC producers including Russia (collectively known as ‘OPEC plus’) have collaborated in recent years on cutting or increasing their oil production in a bid to stabilize oil prices which have been volatile since 2014.

They last agreed in December to cut oil production by 1.2 million barrels a day in order to put a floor under prices, which have fallen due to rising oil supply and lackluster demand amid an uncertain global growth outlook.

On Monday morning, Brent crude futures were trading at $61.87 a barrel while West Texas Intermediate (WTI) crude futures was trading at $52.25 a barrel. Prices took a dip in the early trading session on Monday after data showed drilling activity in the U.S., now the world’s largest oil producer, had increased again, pointing higher production.

The OPEC-Plus deal has not yet been realized fully with Russia slower to meet the desired output cut. Once the 1.2 million barrel a day cut was reached, El Molla said “I think it will adjust, and reach, the desired outcome of price.”

Speaking to CNBC’s Dan Murphy at the Egypt Petroleum Show, ‘EGYPS, ‘taking place in Cairo, El Molla said oil markets were “somehow close” to a price that can keep both oil producers happy because although oil prices have fallen from peaks of around $114 a barrel in mid-2014, production costs have also fallen with technological advances.

“With the advancement of technology, new ways of producing oil have added new volumes to the market and this technology means you’re reducing the cost per barrel, and what might have been accepted a few years ago back when we were talking about $100, or $90 or $80, a barrel oil wouldn’t be accepted now.”


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: holly ellyatt, mohd jailanee othman, eyeem, getty images
Keywords: news, cnbc, companies, barrels, production, fair, million, egypts, barrel, minister, 60, prices, producers, day, petroleum, opec, oil, price, 70


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SoftBank Group unveils $5.5 billion stock buyback, Q3 profit soars 60 percent

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments. SoftBank Group said it would repurchase 112 million shares worth 600 billion yen ($5.5 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock. The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a th


Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments. SoftBank Group said it would repurchase 112 million shares worth 600 billion yen ($5.5 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock. The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a th
SoftBank Group unveils $5.5 billion stock buyback, Q3 profit soars 60 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, stock, unveils, buyback, quarterly, reported, yen, profit, softbank, 60, valuations, soars, group, operating, q3, shares, billion, technology


SoftBank Group unveils $5.5 billion stock buyback, Q3 profit soars 60 percent

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments.

SoftBank Group said it would repurchase 112 million shares worth 600 billion yen ($5.5 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock.

The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a third of the shares in domestic telco SoftBank Corp, which on Tuesday reported a 24 percent jump in quarterly operating profit.

SoftBank Group said its operating profit in the October-December quarter was 438.3 billion yen ($3.99 billion) versus 274 billion yen a year earlier. The year-earlier figure used previous accounting standards.

Profits at SoftBank Group are increasingly affected by the valuations of big technology bets through its own investing activities and its Saudi-backed Vision Fund, which launched last year with over $90 billion in capital.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, stock, unveils, buyback, quarterly, reported, yen, profit, softbank, 60, valuations, soars, group, operating, q3, shares, billion, technology


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Nearly 60 percent of Trump’s schedule is ‘Executive Time,’ report says

President Donald Trump has spent about 60 percent of his officially scheduled time over the last three months in unstructured “Executive Time,” Axios reported Sunday, citing schedules leaked by a White House source. An early riser, Trump typically spends the first five hours of his day in executive time, according to Axios. “He’s always calling people, talking to people,” a senior White House official told Axios. “He’s always up to something; it’s just not what you would consider typical structu


President Donald Trump has spent about 60 percent of his officially scheduled time over the last three months in unstructured “Executive Time,” Axios reported Sunday, citing schedules leaked by a White House source. An early riser, Trump typically spends the first five hours of his day in executive time, according to Axios. “He’s always calling people, talking to people,” a senior White House official told Axios. “He’s always up to something; it’s just not what you would consider typical structu
Nearly 60 percent of Trump’s schedule is ‘Executive Time,’ report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: allan smith, kevin lamarque
Keywords: news, cnbc, companies, report, white, 60, day, spends, trumps, house, site, schedules, nearly, schedule, trump, axios, reported, executive


Nearly 60 percent of Trump's schedule is 'Executive Time,' report says

President Donald Trump has spent about 60 percent of his officially scheduled time over the last three months in unstructured “Executive Time,” Axios reported Sunday, citing schedules leaked by a White House source.

An early riser, Trump typically spends the first five hours of his day in executive time, according to Axios. Although the private schedules list him as being in the Oval Office from 8 to 11 a.m. each day, he actually spends those hours in his residence watching TV, reading newspapers, and responding to what he sees in the news by phoning aides, members of Congress, friends, administration officials, and other advisers, the news site reported, citing six sources with direct knowledge of the matter.

“He’s always calling people, talking to people,” a senior White House official told Axios. “He’s always up to something; it’s just not what you would consider typical structure.”

The news site reported that former White House chief of staff John Kelly introduced executive time into Trump’s day because the president disliked being locked into a regular schedule.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: allan smith, kevin lamarque
Keywords: news, cnbc, companies, report, white, 60, day, spends, trumps, house, site, schedules, nearly, schedule, trump, axios, reported, executive


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