Royale video game rumble: ‘Apex Legends’ smashing ‘Fortnite’ records

“Apex Legends” — a battle royale from Electronic Arts — has charged into the market and smashed “Fortnite” records for downloads and viewership since its release three weeks ago. “I think ‘Apex’ has caught everybody by storm,” said Andy Miller, CEO of NRG Esports, which rosters teams across various video game titles. The question now: What comes next for “Apex,” ″Fortnite,” and the stars and companies building up around their popularity? That’s part of why Ari Segal, CEO at Immortals, has been h


“Apex Legends” — a battle royale from Electronic Arts — has charged into the market and smashed “Fortnite” records for downloads and viewership since its release three weeks ago. “I think ‘Apex’ has caught everybody by storm,” said Andy Miller, CEO of NRG Esports, which rosters teams across various video game titles. The question now: What comes next for “Apex,” ″Fortnite,” and the stars and companies building up around their popularity? That’s part of why Ari Segal, CEO at Immortals, has been h
Royale video game rumble: ‘Apex Legends’ smashing ‘Fortnite’ records Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: source, apex legends
Keywords: news, cnbc, companies, fortnite, blevins, twitch, records, legends, players, battle, smashing, game, video, esports, nrg, rumble, apex, royale


Royale video game rumble: 'Apex Legends' smashing 'Fortnite' records

For the first time since its meteoric rise, “Fortnite” is no longer a no-doubt victory royale atop the video game industry.

“Apex Legends” — a battle royale from Electronic Arts — has charged into the market and smashed “Fortnite” records for downloads and viewership since its release three weeks ago. Tyler “Ninja” Blevins and other streaming stars have powered that surge, as has the emergence of an 18-year-old “Apex” superstar. Esports teams are already scrambling to sign talented players and invest long-term, while others are raising concerns about overcommitting to the suddenly volatile battle royale genre.

Developed by Respawn Entertainment and published by EA, “Apex” has shaken the industry by building on many of its shining successes. It has pulled popular elements from other battle royales — a type of video game where players are dropped into a map and fight in a last-man-standing format against up to 100 other gamers — while making a few key changes.

Like “Fortnite” and “PlayerUnknown’s Battlegrounds,” ″Apex” is free to download and play, making its money by selling outfits and other upgrades for use in the game. Among its key differences: “Apex” players compete exclusively in teams of three and can choose characters with varying abilities, features essential to team-based esports like “League of Legends” and “Overwatch.”

The game also went hard after the existing battle royale audience. EA recruited Blevins, Richard “KingRichard” Nelson and other famous gamers, asking them to put down “Fortnite” and stream “Apex” following its release Feb. 4. Blevins alone has over 13 million subscribers on Twitch, immediately giving “Apex” a massive audience. It’s unclear if EA paid those influencers to play the game, and EA did not respond to repeated requests for comment.

“Apex” had 25 million downloads in its first week, crushing the “Fortnite” mark of 10 million over its first two weeks after launching in 2017.

“I think ‘Apex’ has caught everybody by storm,” said Andy Miller, CEO of NRG Esports, which rosters teams across various video game titles. “They did a phenomenal job of getting the influencers to play it first, feeding the market on Twitch and then watching everybody starting to play the game, and the game is good.”

Six days after the game launched, NRG announced it was recruiting “Apex” players, making it the first esports organization to seek a pro specifically for that title. General manager Jaime Cohenca led the search, combing through applications and Twitch streams. With the game being so new, Cohenca wasn’t entirely sure what he was looking for other than an “exceptional talent.”

He “knew immediately” when he came across Dizzy.

Coby “Dizzy” Meadows is an 18-year-old from Florida, and he is believed to be the best “Apex” player in the world. NRG signed him Feb. 12, and later that day, Meadows made major waves in the esports community by killing 33 of his 59 opponents in one match — a viral moment that generated nearly 500,000 views on YouTube alone. The next day, Meadows teamed up with Blevins and Nelson, also an NRG player, to win the $200,000 Twitch Rivals Apex Legends tournament against a lineup of streaming megastars.

Behind big draws for Dizzy, Ninja and KingRichard, “Apex” smashed another “Fortnite” record that day: 8.28 million hours of “Apex” were streamed on Twitch, topping the “Fortnite” mark of 6.6 million from July 20, per The Esports Observer.

Meadows has played regularly with Blevins and Nelson since. They won another tournament together later that week, and in the finals, Meadows had as many kills on his own as the entire opposing team.

“We knew this was a kid we had to take a flyer on,” Cohenca said. “Dizzy was a rock star.”

The question now: What comes next for “Apex,” ″Fortnite,” and the stars and companies building up around their popularity? No doubt, NRG’s fast move on Meadows has paid off, and other top esports organizations have since begun recruiting their own “Apex” pros. But it’s still not clear what kind of scene they’re staffing up for.

Epic Games, the developer behind “Fortnite,” hasn’t prioritized that game’s competitive sphere in the same way that companies behind “League of Legends” or “Overwatch” have. Top “Fortnite” players like Blevins aren’t necessarily stars because they win every tournament. Ninja is a skilled gamer, for sure, but what has separated him is that he’s entertaining, a talent that pairs well with a goofier game like “Fortnite.”

“Apex” lacks those cartoonish vibes, and its rules and structure could lend it better to competitive esports — where skill and teamwork become more important than engaging on Twitch. EA has experience building leagues around its games, too, most notably with sports titles like Madden and FIFA.

Right now, it’s unclear where “Apex” is going, and for how long it can hold that space. That’s part of why Ari Segal, CEO at Immortals, has been hesitant to invest in battle royale players. He remains cautious, especially now that “Apex” has drawn up such a spectacular blueprint for entering the market.

“It’s a well-oiled flywheel that likely means new battle royale games will increasingly be able to launch to faster and larger success, at least initially,” he said.

Immortals and NRG are at opposite ends of that spectrum, in many ways. NRG already has plans to build out a full “Apex” team so it’s ready to put a talented squad in the field no matter the competitive and streaming structure. It also plans to maintain its “Fortnite” roster, which features entertaining streamers like Nelson.

Segal’s concern is that if one battle royale can so quickly pull eyeballs from the others, how do you build around each title? Formerly an executive with the NHL’s Arizona Coyotes, his ambitions are to turn Immortals into a longstanding franchise like those in traditional sports. Quickly turning over rosters to keep up with the hot new thing isn’t part of his plan.

“We believe that by selling sizzle, your customer is buying sizzle, and that by definition will flame out,” Segal said. “We’re not selling sizzle; we’re building community.”


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: source, apex legends
Keywords: news, cnbc, companies, fortnite, blevins, twitch, records, legends, players, battle, smashing, game, video, esports, nrg, rumble, apex, royale


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The bulls win out in the bull-bear battle over Cummins, Jim Cramer says

Manufacturer Cummins has been hit with competing analyst ratings after its most recent earnings report, so CNBC’s Jim Cramer thought it was worth weighing in on the battle. “Hopefully, by pitting them against each other, we’ll end up with a smarter synthesis that helps us figure out where Cummins’ stock might really be headed.” Cramer first turned to the post-earnings note from Baird, which upgraded the stock to “outperform” from “neutral.” [But] at the end of the day, they don’t feel comfortabl


Manufacturer Cummins has been hit with competing analyst ratings after its most recent earnings report, so CNBC’s Jim Cramer thought it was worth weighing in on the battle. “Hopefully, by pitting them against each other, we’ll end up with a smarter synthesis that helps us figure out where Cummins’ stock might really be headed.” Cramer first turned to the post-earnings note from Baird, which upgraded the stock to “outperform” from “neutral.” [But] at the end of the day, they don’t feel comfortabl
The bulls win out in the bull-bear battle over Cummins, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, bullbear, truck, north, jim, cummins, baird, think, china, stock, battle, business, bulls, cramer, win, trade


The bulls win out in the bull-bear battle over Cummins, Jim Cramer says

Manufacturer Cummins has been hit with competing analyst ratings after its most recent earnings report, so CNBC’s Jim Cramer thought it was worth weighing in on the battle.

“I love it when we get these dueling pieces of research, because you always want to know the best arguments of both the bulls and the bears,” he said Wednesday. “Hopefully, by pitting them against each other, we’ll end up with a smarter synthesis that helps us figure out where Cummins’ stock might really be headed.”

Cummins, a truck-engine maker that is widely seen as being hostage to China, has become something of a proxy for the welfare of the global economy and “the intensity of the trade war with China,” Cramer explained on “Mad Money.”

As such, it’s worth knowing what Wall Street professionals think is in the cards, especially considering the Federal Reserve’s newfound patience on interest rate hikes, which put pressure on the trucking industry late last year, he said.

Cramer first turned to the post-earnings note from Baird, which upgraded the stock to “outperform” from “neutral.” The analysts argued that a recent decline in orders for a specific kind of truck — the Class 8 — could be a sign that Cummins is about to bottom.

“Historically, the truck stocks tend to bottom right around when Class 8 truck orders see their most significant declines,” Cramer explained. “I’ve studied this cycle for years; that’s the case. In short, they think you need to anticipate the eventual turnaround in the trucking business, because if you wait for the data to improve, you’ll miss the rally in these stocks.”

In fact, “Baird views Cummins as one of the most compelling ways to play the upcoming re-rating of the truck stocks,” he said, adding that the company does over half of its sales in North America.

And, according to Baird, investors still have time: the analysts say that the re-rating process takes about 12 to 15 months to fully play out, and that period of time should produce gains for Cummins. They did, however, acknowledge that they could be too early with their call.

“Basically, the bull thesis is that the truck business has gotten so tough that it’s now poised for a turn, and while that may sound counterintuitive, it makes sense to me given that we’re no longer fighting the Fed,” Cramer said.

How about the bear? Oppenheimer downgraded Cummins’ shares to “perform” from “outperform” and slashed its price target, predicting that fiscal year 2020 would be a down year for North American trucking.

“There’s also a lot of uncertainty in China, and that doesn’t help,” Cramer said. “On the other hand, if we get a trade deal with China, these bearish analysts admit that the engine maker’s earnings would explode higher. [But] at the end of the day, they don’t feel comfortable pounding the table on Cummins when the North American truck business is declining.”

So, while both the bulls and the bears acknowledged that Cummins’ near-term situation wasn’t perfect, they had very different outlooks on what’s next for the stock of the U.S. manufacturing giant.

“To me, the glass is half full, and I like Cummins here given that you’re no longer fighting the Fed,” Cramer concluded. “But this stock is so linked to China that I think you can get a better price if you wait for the next pullback on some sort of story that there’s no trade deal, and then you pull the trigger.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, bullbear, truck, north, jim, cummins, baird, think, china, stock, battle, business, bulls, cramer, win, trade


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‘It’s a war’ — Detroit automakers battle for dominance in wildly profitable heavy duty truck market

Buyers with money to burn can find plenty of upscale products at this week’s Chicago Auto Show, the event filling the Windy City’s McCormick Place convention center with offerings like the Maserati Levante, BMW 745i and Mercedes-Benz S-Class. But more than a few high-line buyers are looking in places you might not expect — like the more plebian Ford stand. Among the mainstream-priced Fusion sedans and Edge utility vehicles, Ford is also showing off the latest version of its Super Duty pickups. T


Buyers with money to burn can find plenty of upscale products at this week’s Chicago Auto Show, the event filling the Windy City’s McCormick Place convention center with offerings like the Maserati Levante, BMW 745i and Mercedes-Benz S-Class. But more than a few high-line buyers are looking in places you might not expect — like the more plebian Ford stand. Among the mainstream-priced Fusion sedans and Edge utility vehicles, Ford is also showing off the latest version of its Super Duty pickups. T
‘It’s a war’ — Detroit automakers battle for dominance in wildly profitable heavy duty truck market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: paul a eisenstein, paul eisenstein, qilai shen, bloomberg, getty images, rebecca cook, jeff kowalsky, mack hogan cnbc, daniel acker, mark elias
Keywords: news, cnbc, companies, war, wildly, truck, version, dominance, detroit, upscale, ford, buyers, heavy, duty, weeks, windy, super, profitable, vehicles, battle, utility, market, territory


'It's a war' — Detroit automakers battle for dominance in wildly profitable heavy duty truck market

Buyers with money to burn can find plenty of upscale products at this week’s Chicago Auto Show, the event filling the Windy City’s McCormick Place convention center with offerings like the Maserati Levante, BMW 745i and Mercedes-Benz S-Class.

But more than a few high-line buyers are looking in places you might not expect — like the more plebian Ford stand.

Among the mainstream-priced Fusion sedans and Edge utility vehicles, Ford is also showing off the latest version of its Super Duty pickups. That includes the Limited model that, when fully loaded, can nudge up to around $100,000, the first factory pickup to break into six-figure territory.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: paul a eisenstein, paul eisenstein, qilai shen, bloomberg, getty images, rebecca cook, jeff kowalsky, mack hogan cnbc, daniel acker, mark elias
Keywords: news, cnbc, companies, war, wildly, truck, version, dominance, detroit, upscale, ford, buyers, heavy, duty, weeks, windy, super, profitable, vehicles, battle, utility, market, territory


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U.S.-backed Syrian force to start ‘final battle’ against Islamic State enclave

The U.S.-backed Syrian Democratic Forces will start an assault on Saturday against Islamic State’s last enclave in the part of Syria where the U.S.-led coalition has been supporting operations against the group, an SDF official told Reuters. “The battle will be launched this evening and its mission will be to eliminate the last remnants of the terrorist organization,” Mustafa Bali, the head of the SDF media office, said, describing it as the “last battle”. He said in the last 10 days SDF fighter


The U.S.-backed Syrian Democratic Forces will start an assault on Saturday against Islamic State’s last enclave in the part of Syria where the U.S.-led coalition has been supporting operations against the group, an SDF official told Reuters. “The battle will be launched this evening and its mission will be to eliminate the last remnants of the terrorist organization,” Mustafa Bali, the head of the SDF media office, said, describing it as the “last battle”. He said in the last 10 days SDF fighter
U.S.-backed Syrian force to start ‘final battle’ against Islamic State enclave Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: delil souleiman, afp, getty images
Keywords: news, cnbc, companies, sdf, syrian, enclave, terrorist, start, battle, told, force, usled, final, evacuated, state, islamic, usbacked, villages


U.S.-backed Syrian force to start 'final battle' against Islamic State enclave

The U.S.-backed Syrian Democratic Forces will start an assault on Saturday against Islamic State’s last enclave in the part of Syria where the U.S.-led coalition has been supporting operations against the group, an SDF official told Reuters.

“The battle will be launched this evening and its mission will be to eliminate the last remnants of the terrorist organization,” Mustafa Bali, the head of the SDF media office, said, describing it as the “last battle”.

He said in the last 10 days SDF fighters had handled the battle “patiently” as civilians were evacuated from the besieged enclave comprising two villages near the Iraqi border. More than 20,000 had been evacuated, he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: delil souleiman, afp, getty images
Keywords: news, cnbc, companies, sdf, syrian, enclave, terrorist, start, battle, told, force, usled, final, evacuated, state, islamic, usbacked, villages


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Trump campaign looks to beef up communications team to battle big Democratic field in 2020

President Donald Trump’s campaign is looking to beef up its communications team to prepare for an onslaught of attacks from Democrats running in the 2020 campaign, CNBC has learned. A spokesman for the Trump campaign declined to comment. The Trump campaign is beefing up its communications team as several Democrats enter the 2020 race. “President Trump seems not to understand that the female jobs he created were Democratic women in Congress,” the New York lawmaker said. The Trump campaign is flus


President Donald Trump’s campaign is looking to beef up its communications team to prepare for an onslaught of attacks from Democrats running in the 2020 campaign, CNBC has learned. A spokesman for the Trump campaign declined to comment. The Trump campaign is beefing up its communications team as several Democrats enter the 2020 race. “President Trump seems not to understand that the female jobs he created were Democratic women in Congress,” the New York lawmaker said. The Trump campaign is flus
Trump campaign looks to beef up communications team to battle big Democratic field in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: brian schwartz, carlos barria
Keywords: news, cnbc, companies, beef, communications, campaign, democratic, battle, field, jobs, looks, big, 2020, team, trump, candidates, wall, president, work


Trump campaign looks to beef up communications team to battle big Democratic field in 2020

President Donald Trump’s campaign is looking to beef up its communications team to prepare for an onslaught of attacks from Democrats running in the 2020 campaign, CNBC has learned.

Trump’s team has been interviewing dozens of candidates for positions ranging from communications director to press secretary, according to people with direct knowledge of the matter.

Some candidates who have discussed jobs with the campaign currently work in the White House, according to the sources, who declined to be named.

The campaign is expected to officially announce the new additions in the coming weeks, one source said.

It was not immediately clear whom the campaign is considering for the positions.

A spokesman for the Trump campaign declined to comment.

The Trump campaign is beefing up its communications team as several Democrats enter the 2020 race. More than a dozen are expected to be competing for the party’s nomination. Some candidates are already on the offensive against the president and his proposals.

During a recent CNN town hall in Iowa, California Sen. Kamala Harris, who has declared her candidacy for president, called Trump’s proposed border wall a “medieval vanity project.” She committed to not support a compromise government funding deal that includes wall funding, even if it included protections for immigrants who were brought to the U.S. illegally as children.

Sen. Kirsten Gillibrand, another 2020 hopeful, took a swipe at Trump on Twitter after his State of the Union speech on Tuesday about his boasting the jobs he claims his administration helped create for women.

“President Trump seems not to understand that the female jobs he created were Democratic women in Congress,” the New York lawmaker said.

The Trump campaign will also need a communications shop that can respond to bad press that might come from the House Oversight and Intelligence committees’ push to investigate the president and his administration.

House Intelligence Committee Chairman Adam Schiff announced on Wednesday that the investigation will start to look into whether any foreign actors have leverage over Trump and whether any of his associates coordinated with Russian operatives.

The investigation will look into “whether any foreign actor has sought to compromise or holds leverage, financial or otherwise, over Donald Trump, his family, his business, or his associates” Schiff’s statement reads.

The Trump campaign is flush with cash as it goes on this hiring spree.

It has $19 million on hand plus another $15 million between its two joint fundraising committees that work in tandem with the Republican National Committee.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: brian schwartz, carlos barria
Keywords: news, cnbc, companies, beef, communications, campaign, democratic, battle, field, jobs, looks, big, 2020, team, trump, candidates, wall, president, work


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GM unveils Chevy Silverado HD as Detroit’s Big 3 battle for big profits in big pickups

General Motors and Ford are raising the stakes in the war to win over buyers of heavy-duty pickups, full-size trucks coveted by America’s contractors, cowboys and commercial buyers alike. GM unveiled Tuesday its new heavy-duty Chevy Silverado at the company’s plant in Flint, Michigan, where the truck will be manufactured. “They are very purpose built,” Mark Reuss, president of General Motors, told CNBC. “Things like snowplows, going to work at a construction site, using the power out of the bed.


General Motors and Ford are raising the stakes in the war to win over buyers of heavy-duty pickups, full-size trucks coveted by America’s contractors, cowboys and commercial buyers alike. GM unveiled Tuesday its new heavy-duty Chevy Silverado at the company’s plant in Flint, Michigan, where the truck will be manufactured. “They are very purpose built,” Mark Reuss, president of General Motors, told CNBC. “Things like snowplows, going to work at a construction site, using the power out of the bed.
GM unveils Chevy Silverado HD as Detroit’s Big 3 battle for big profits in big pickups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: phil lebeau, rebecca cook
Keywords: news, cnbc, companies, truck, chevy, buyers, general, war, heavyduty, win, big, hd, ford, battle, profits, pickups, gm, motors, detroits, unveils, silverado, work


GM unveils Chevy Silverado HD as Detroit's Big 3 battle for big profits in big pickups

General Motors and Ford are raising the stakes in the war to win over buyers of heavy-duty pickups, full-size trucks coveted by America’s contractors, cowboys and commercial buyers alike.

GM unveiled Tuesday its new heavy-duty Chevy Silverado at the company’s plant in Flint, Michigan, where the truck will be manufactured.

“They are very purpose built,” Mark Reuss, president of General Motors, told CNBC. “Things like snowplows, going to work at a construction site, using the power out of the bed. These are tools, but they are also refined tools.”

The new Silverado, complete with a 10-speed transmission, rolled out just hours after Ford announced new capabilities and technology for its F-Series Super Duty pickup truck.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: phil lebeau, rebecca cook
Keywords: news, cnbc, companies, truck, chevy, buyers, general, war, heavyduty, win, big, hd, ford, battle, profits, pickups, gm, motors, detroits, unveils, silverado, work


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The US-Russia battle for influence over Venezuela is reminding people of Syria

Experts are now drawing parallels between the contest for influence over Venezuela’s political and economic future with the battle over regime change in Syria in recent years. Russia gave its military, financial and diplomatic support to controversial President Bashar Assad in a complex civil war that started in 2011. Meanwhile, the U.S. and its Western allies backed regime change and various rebel groups looking to oust Assad from power — although all sides were fighting in an uncomfortable all


Experts are now drawing parallels between the contest for influence over Venezuela’s political and economic future with the battle over regime change in Syria in recent years. Russia gave its military, financial and diplomatic support to controversial President Bashar Assad in a complex civil war that started in 2011. Meanwhile, the U.S. and its Western allies backed regime change and various rebel groups looking to oust Assad from power — although all sides were fighting in an uncomfortable all
The US-Russia battle for influence over Venezuela is reminding people of Syria Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: holly ellyatt, sasha mordovets, getty images news, getty images, win mcnamee
Keywords: news, cnbc, companies, influence, venezuela, reminding, battle, president, assad, change, syria, war, regime, russia, usrussia


The US-Russia battle for influence over Venezuela is reminding people of Syria

A new front in geopolitical tensions between the U.S. and Russia has opened in Venezuela, with both now declaring their support for rival leaders President Nicolas Maduro and the self-proclaimed interim president Juan Guaido.

Experts are now drawing parallels between the contest for influence over Venezuela’s political and economic future with the battle over regime change in Syria in recent years.

Russia gave its military, financial and diplomatic support to controversial President Bashar Assad in a complex civil war that started in 2011. Meanwhile, the U.S. and its Western allies backed regime change and various rebel groups looking to oust Assad from power — although all sides were fighting in an uncomfortable alliance against the so-called Islamic State.

The civil war in Syria was largely seen as a battle for influence in the Middle East, with Russia keen to not see another regional ally come under America’s sphere of influence. Russia is now largely credited with keeping Assad in power.

Now, there is a battle for the leadership in oil-rich Venezuela with the U.S. backing regime change under opposition leader Guaido, who declared himself president last week, and Russia supporting socialist dictator Maduro.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: holly ellyatt, sasha mordovets, getty images news, getty images, win mcnamee
Keywords: news, cnbc, companies, influence, venezuela, reminding, battle, president, assad, change, syria, war, regime, russia, usrussia


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Investors are getting a ‘win-win’ trade in this Dollar Tree battle: Cramer

Since Dollar Tree bought Family Dollar in 2015, it has struggled to improve the division, resulting in three straight quarters of disappointing results in 2018. “The last time Dollar Tree reported … back in November, the whole story changed.” In the interview with Cramer, Dollar Tree’s CEO doubled down on that sentiment. According to the activist firm, the market is valuing Family Dollar, which Dollar Tree bought for $8.5 billion, in a $1 billion to $3 billion range. Dollar Tree shares slid at


Since Dollar Tree bought Family Dollar in 2015, it has struggled to improve the division, resulting in three straight quarters of disappointing results in 2018. “The last time Dollar Tree reported … back in November, the whole story changed.” In the interview with Cramer, Dollar Tree’s CEO doubled down on that sentiment. According to the activist firm, the market is valuing Family Dollar, which Dollar Tree bought for $8.5 billion, in a $1 billion to $3 billion range. Dollar Tree shares slid at
Investors are getting a ‘win-win’ trade in this Dollar Tree battle: Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, battle, dollar, value, cramer, family, getting, reported, tree, starboard, trade, investors, think, pricing, trees, winwin


Investors are getting a 'win-win' trade in this Dollar Tree battle: Cramer

Activist hedge fund Starboard Value might be making a mistake with its involvement in Dollar Tree, but that doesn’t mean the stock’s not worth buying, says CNBC’s Jim Cramer.

On Jan. 7, the Wall Street Journal reported that Starboard had taken a 1.7 percent stake in Dollar Tree in the hopes of convincing management to sell the Family Dollar business. Since Dollar Tree bought Family Dollar in 2015, it has struggled to improve the division, resulting in three straight quarters of disappointing results in 2018.

As such, Starboard reportedly sees an opportunity: the firm is calling on Dollar Tree to spin off Family Dollar and demanding seven out of its 12 board seats to ensure that happens. It has also suggested reworking Dollar Tree’s pricing model.

But after speaking with Dollar Tree President and CEO Gary Philbin after the company’s most recent earnings report, Cramer harbored some doubts about Starboard’s plans for Family Dollar.

“I think that, for once, Starboard Value may be a little off base,” he said Monday on “Mad Money.” “The last time Dollar Tree reported … back in November, the whole story changed.”

While the headline earnings results were still disappointing, Cramer saw a clear “silver lining”: Dollar Tree’s ongoing renovations of the Family Dollar stores were finally bearing fruit in the form of accelerating sales. In the post-earnings conference call, management said the renovations could result in high-single-digit same-store sales growth.

In the interview with Cramer, Dollar Tree’s CEO doubled down on that sentiment. He cast Family Dollar’s turnaround as “a multi-year trajectory to get to an inflection point” and said the company planned to renovate at least 1,000 stores in 2019.

“Ever since that last quarter and that interview, … the stock’s trajectory has turned around,” Cramer said. Shares of Dollar Tree have gained nearly 8 percent in 2019 after falling slightly in December of last year.

“Even though Dollar Tree has run up dramatically from its lows, the stock is still down nearly $20 bucks from its highs,” the “Mad Money” host said. “I think it’s a bargain here.”

Still, Starboard seems convinced that Dollar Tree has failed to turn the brand around. According to the activist firm, the market is valuing Family Dollar, which Dollar Tree bought for $8.5 billion, in a $1 billion to $3 billion range.

And while the “Mad Money” host liked Starboard’s pricing idea — to build a multi-tiered pricing structure at Dollar Tree, similar to other discounters, instead of charging $1 for everything — he wanted to see the Family Dollar transition play out.

“[Starboard] want[s] Dollar Tree to consider cutting their losses and moving on,” Cramer said. “But based on what the company just told us about the remodeling initiative when it reported, I think they have a chance to prove to Starboard that they can deliver a turnaround.”

Thankfully, Cramer sees a few ways for investors to win regardless of which side gets its way.

“This could be a win-win,” he said. “Either Dollar Tree pulls off the turnaround or Starboard takes some heads and … unlocks value that way — a little more brutal. So, while I disagree with some of their points, I have to like that they’re giving you multiple ways to win.”

He also saw a third path: “As long as Starboard gives management some time to prove their plan can work, perhaps in exchange for a board seat or two, I bet there’s more upside, and Dollar Tree? It’s a buy.”

Dollar Tree shares slid at the end of Monday’s fairly placid trading session, settling down 0.05 percent at $97.23.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, battle, dollar, value, cramer, family, getting, reported, tree, starboard, trade, investors, think, pricing, trees, winwin


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In a first, United deploys largest Dreamliners in battle for lucrative cross-country travelers

United this week debuted its brand-new Boeing 787-10, the largest of the Dreamliner jets, on one of its flights between Newark and Los Angeles. It hopes that serving the route with the 787, which airlines more commonly use on long international flights, will give it a leg up in the battle for lucrative cross-country travelers. In February, it will start offering a flight between Newark and San Francisco using another 787-10. Airlines have been racing to improve cross-country service, going after


United this week debuted its brand-new Boeing 787-10, the largest of the Dreamliner jets, on one of its flights between Newark and Los Angeles. It hopes that serving the route with the 787, which airlines more commonly use on long international flights, will give it a leg up in the battle for lucrative cross-country travelers. In February, it will start offering a flight between Newark and San Francisco using another 787-10. Airlines have been racing to improve cross-country service, going after
In a first, United deploys largest Dreamliners in battle for lucrative cross-country travelers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: leslie josephs, getty images
Keywords: news, cnbc, companies, los, routes, flights, francisco, united, lucrative, crosscountry, largest, boston, angeles, airlines, san, deploys, dreamliners, travelers, battle, york


In a first, United deploys largest Dreamliners in battle for lucrative cross-country travelers

The Boeing 787-10 can fly for more than 6,400 miles without needing to refuel. United Airlines is deploying it for a route that’s less than half as long.

United this week debuted its brand-new Boeing 787-10, the largest of the Dreamliner jets, on one of its flights between Newark and Los Angeles. It hopes that serving the route with the 787, which airlines more commonly use on long international flights, will give it a leg up in the battle for lucrative cross-country travelers. In February, it will start offering a flight between Newark and San Francisco using another 787-10. The airline ordered 14 of the planes. Others will be used on routes to Europe.

In United’s favor, the new plane is more fuel efficient and holds more passengers than most other planes it flies cross-country.

Airlines have been racing to improve cross-country service, going after high-paying business travelers in big cities like Boston, Seattle, San Francisco, Los Angeles and New York.

Delta Air Lines, for example, started offering its Delta One cabins on domestic routes last April, including from Boston to Los Angeles, and New York to Los Angeles, San Diego and Seattle. The cabins feature lie-flat beds and Tumi amenities kits. Travelers also can book meals ahead of time. JetBlue Airways has expanded its Mint business-class service to four West Coast cities from Boston and New York’s John F. Kennedy International Airport. American Airlines operates a three-class cabin — first, business and coach — on its transcontinental service between New York and San Francisco and New York to Los Angeles. It’s adding more flights with that configuration from Boston to Los Angeles this spring.

So why is United starting with Los Angeles?

Los Angeles International Airport is the most competitive of all large U.S. airports — no single carrier has more than 18 percent of the seats flown, according to consulting firm ICF. By comparison, American Airlines has 90 percent of the capacity in Charlotte, North Carolina.

“It’s a very valuable route, one of the only routes in the country where there is meaningful paid first-class demand,” said Samuel Engel, head of the aviation practice at ICF. He estimates that revenue per passenger on flights from New York to Los Angeles and San Francisco and similar routes from Boston are 5 to 10 percent higher than others of a similar distance.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: leslie josephs, getty images
Keywords: news, cnbc, companies, los, routes, flights, francisco, united, lucrative, crosscountry, largest, boston, angeles, airlines, san, deploys, dreamliners, travelers, battle, york


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Look to the two remaining Fed board nominees for clues about Trump-Powell battle

While President Donald Trump has complained publicly about Federal Reserve Chair Jerome Powell, what he does with his pending nominations to fill two remaining vacancies on the board will tell whether he wants to escalate his fight with the Fed. Trump has nominated former Fed staffer Nellie Liang and Carnegie Mellon economist Marvin Goodfriend, but their confirmations have been stalled in the Senate for months. Whether Trump can push out Powell, he might try to plant allies or an obvious Powell


While President Donald Trump has complained publicly about Federal Reserve Chair Jerome Powell, what he does with his pending nominations to fill two remaining vacancies on the board will tell whether he wants to escalate his fight with the Fed. Trump has nominated former Fed staffer Nellie Liang and Carnegie Mellon economist Marvin Goodfriend, but their confirmations have been stalled in the Senate for months. Whether Trump can push out Powell, he might try to plant allies or an obvious Powell
Look to the two remaining Fed board nominees for clues about Trump-Powell battle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: yun li
Keywords: news, cnbc, companies, try, remaining, board, battle, trump, term, fed, months, look, recent, trumppowell, clues, nominees, trying, powell, replace


Look to the two remaining Fed board nominees for clues about Trump-Powell battle

While President Donald Trump has complained publicly about Federal Reserve Chair Jerome Powell, what he does with his pending nominations to fill two remaining vacancies on the board will tell whether he wants to escalate his fight with the Fed.

Trump has nominated former Fed staffer Nellie Liang and Carnegie Mellon economist Marvin Goodfriend, but their confirmations have been stalled in the Senate for months. Whether Trump can push out Powell, he might try to plant allies or an obvious Powell replacement in those seats, instead.

“Near term we will be watching carefully to see whether the administration decides to dump its two struggling Fed Board nominees and replace them not with other mainstream nominees but with Trump allies or obvious candidates to replace Powell at some point in the future,” Krishna Guha, vice chairman of Evercore ISI, said in a note to clients.

Trump has been complaining for months about Fed monetary policy, claiming rising interest rates are putting a brake on his economic plans. Recent reports showed Trump privately has discussed firing Powell because of his frustration with stock market losses in recent months. Both the Dow and S&P 500 are down more than 12 percent this month — on track for their worst December performances since the Great Depression in 1931.

While debating Trump’s legal authority to dismiss the Fed chief, markets will be “sensitive to any suggestion that Trump is trying to put loyalists onto the Fed Board or trying to preposition a Powell successor who could be called on either when Powell’s term is up or perhaps sooner in the event that Trump decided at some point to try to remove Powell early after all,” Guha said.


Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: yun li
Keywords: news, cnbc, companies, try, remaining, board, battle, trump, term, fed, months, look, recent, trumppowell, clues, nominees, trying, powell, replace


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