Cramer: It would take two surprises — on trade and the Fed — to cause the next recession

Jim Cramer: Three Fed rate hikes would cause the next recession 3 Hours Ago | 02:09The Federal Reserve hiking interest rates aggressively and the U.S. not reaching a trade deal with China could be the catalysts that spur an economic recession, CNBC’s Jim Cramer contended Monday. Cramer doesn’t see a recession, at least anytime soon. But when asked by CNBC’s Joe Kernen on “Squawk Box” what would cause the next recession, Cramer responded with, “Three [Fed] tightenings and no trade agreement.” U.S


Jim Cramer: Three Fed rate hikes would cause the next recession 3 Hours Ago | 02:09The Federal Reserve hiking interest rates aggressively and the U.S. not reaching a trade deal with China could be the catalysts that spur an economic recession, CNBC’s Jim Cramer contended Monday. Cramer doesn’t see a recession, at least anytime soon. But when asked by CNBC’s Joe Kernen on “Squawk Box” what would cause the next recession, Cramer responded with, “Three [Fed] tightenings and no trade agreement.” U.S
Cramer: It would take two surprises — on trade and the Fed — to cause the next recession Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, trade, rate, cramer, trumps, summit, stocks, sp, president, cause, fed, recession, surprises


Cramer: It would take two surprises — on trade and the Fed — to cause the next recession

Jim Cramer: Three Fed rate hikes would cause the next recession 3 Hours Ago | 02:09

The Federal Reserve hiking interest rates aggressively and the U.S. not reaching a trade deal with China could be the catalysts that spur an economic recession, CNBC’s Jim Cramer contended Monday.

Cramer doesn’t see a recession, at least anytime soon. But when asked by CNBC’s Joe Kernen on “Squawk Box” what would cause the next recession, Cramer responded with, “Three [Fed] tightenings and no trade agreement.”

Cramer spoke as the list of economists and business elite predicting a downturn grows. The latest call was from Nobel Prize-winning economist Paul Krugman, who told the World Government Summit in Dubai, United Arab Emirates, on Sunday that there’s a decent chance the global economy is headed for a recession this year.

Economists see on average a 25 percent chance of a recession within the next 12 months, according to a Wall Street Journal survey released last month, the highest level since October 2011 and up from just 13 percent last year.

U.S. stocks opened higher Monday, sparked in part by hopes for a China trade deal as talks resume this week. Axios reported that President Donald Trump’s advisors have informally discussed holding a summit with Chinese President Xi Jinping next month at Mar-a-Lago, Trump’s private club in Florida.

The market had been under serious pressure since early October in part on trade concerns and that the Fed would be more aggressive on rate hikes. Stocks in December plunged in their worst Christmas Eve trading ever, with the S&P 500 sinking 2.7 percent and slipping into a bear market, defined as a decline in an index or asset of 20 percent or more from recent highs

Since the Dec. 24 close, however, the S&P 500 has rallied nearly 15.2 percent through Friday’s close.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, trade, rate, cramer, trumps, summit, stocks, sp, president, cause, fed, recession, surprises


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Cracks appearing for leveraged loans that helped cause financial crisis

That would be a massive drop-off from 2018, which saw $274 billion in issuance during the first half alone, according to LeveragedLoan.com. The key risk point for the industry is securitization, or the bundling of the loans into offerings such as collateralized loan obligations. Yellen mentioned that danger specifically, saying the CLO industry for leveraged loans looked a lot like the subprime mortgage offerings that led up to the financial crisis. Wall Street sells CLOs to investors looking fo


That would be a massive drop-off from 2018, which saw $274 billion in issuance during the first half alone, according to LeveragedLoan.com. The key risk point for the industry is securitization, or the bundling of the loans into offerings such as collateralized loan obligations. Yellen mentioned that danger specifically, saying the CLO industry for leveraged loans looked a lot like the subprime mortgage offerings that led up to the financial crisis. Wall Street sells CLOs to investors looking fo
Cracks appearing for leveraged loans that helped cause financial crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: jeff cox, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, crisis, appearing, industry, investors, saw, helped, market, loans, billion, securitization, offerings, cracks, issuance, financial, cause, looking, refinitiv, leveraged


Cracks appearing for leveraged loans that helped cause financial crisis

As the warnings were being issued, both investors and companies looking for funding left the market.

Mutual fund outflows in December alone hit $15.4 billion in December, according to Refinitiv. The firm’s LPC group surveyed market participants and found they expect issuance to be weak this year, with most looking for it to be in a range of $90 billion to $110 billion. That would be a massive drop-off from 2018, which saw $274 billion in issuance during the first half alone, according to LeveragedLoan.com.

The key risk point for the industry is securitization, or the bundling of the loans into offerings such as collateralized loan obligations.

Yellen mentioned that danger specifically, saying the CLO industry for leveraged loans looked a lot like the subprime mortgage offerings that led up to the financial crisis. Wall Street sells CLOs to investors looking for yield; during the crisis, the securities became so opaque that investors had a hard time deciphering what they even held. The issues over securitization helped spark a lack of confidence that led to liquidity drying up in financial markets.

Refinitiv said CLO issuance hit a record $128 billion last year, though December saw the market sink to a two-year low.

One final issue hitting the industry has been the Federal Reserve.

Higher interest rates make the products more attractive, but central bank officials in recent days have become more tepid about the pace of increases. The possibility that the Fed may enact any hikes this year is another problem for the industry, Refinitiv LPC said.

The firm said the appetite for issuance to Athenahealth and Dun & Bradstreet, which launched earlier this week, will provide signals for this year’s market.

WATCH: Have companies taken on too much debt?


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: jeff cox, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, crisis, appearing, industry, investors, saw, helped, market, loans, billion, securitization, offerings, cracks, issuance, financial, cause, looking, refinitiv, leveraged


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Nervous investors cite Washington politics as top cause for concern

More investors are feeling jittery about the market. 1 concern is the political landscape in Washington. That’s according to the latest retail investor sentiment report released by Charles Schwab. The results are based on an online survey conducted in December, before the partial federal shutdown, which began on Dec. 22 and lasted for 35 days. President Donald Trump said over the weekend that another shutdown is “certainly an option.”


More investors are feeling jittery about the market. 1 concern is the political landscape in Washington. That’s according to the latest retail investor sentiment report released by Charles Schwab. The results are based on an online survey conducted in December, before the partial federal shutdown, which began on Dec. 22 and lasted for 35 days. President Donald Trump said over the weekend that another shutdown is “certainly an option.”
Nervous investors cite Washington politics as top cause for concern Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: lorie konish, jabin botsford, the washington post, getty images
Keywords: news, cnbc, companies, politics, cause, weekend, trump, report, investors, cite, washingtonthats, survey, concern, nervous, washington, sentiment, schwab, shutdown, retail, results


Nervous investors cite Washington politics as top cause for concern

More investors are feeling jittery about the market. And their No. 1 concern is the political landscape in Washington.

That’s according to the latest retail investor sentiment report released by Charles Schwab. The results are based on an online survey conducted in December, before the partial federal shutdown, which began on Dec. 22 and lasted for 35 days.

Lawmakers reached a deal on Friday to reopen the government until Feb. 15. President Donald Trump said over the weekend that another shutdown is “certainly an option.”


Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: lorie konish, jabin botsford, the washington post, getty images
Keywords: news, cnbc, companies, politics, cause, weekend, trump, report, investors, cite, washingtonthats, survey, concern, nervous, washington, sentiment, schwab, shutdown, retail, results


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Head of the group that calls recessions says the government shutdown won’t cause one

In mid-January, it became the longest shutdown in history, surpassing the 21-day closure during the Clinton administration in 1995 and early 1996. Kevin Hassett, chairman of the president’s Council of Economic Advisors, told CNN on Wednesday the U.S. might post no economic growth in the first quarter if the government does not reopen. As of now, Poterba said, the NBER committee has not been discussing whether a recession might be on the horizon. “In late November of 2008 the NBER announced a rec


In mid-January, it became the longest shutdown in history, surpassing the 21-day closure during the Clinton administration in 1995 and early 1996. Kevin Hassett, chairman of the president’s Council of Economic Advisors, told CNN on Wednesday the U.S. might post no economic growth in the first quarter if the government does not reopen. As of now, Poterba said, the NBER committee has not been discussing whether a recession might be on the horizon. “In late November of 2008 the NBER announced a rec
Head of the group that calls recessions says the government shutdown won’t cause one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: matthew j belvedere
Keywords: news, cnbc, companies, economic, head, wont, recessions, poterba, recession, quarter, shutdown, wall, cause, calls, committee, growth, group, twoquarter, nber


Head of the group that calls recessions says the government shutdown won't cause one

The government shutdown, which entered Day 35 on Friday, won’t cause an economic recession, because it began so close to the start of the first quarter of 2019, said James Poterba, president of the National Bureau of Economic Research, which decides when recessions begin and end.

Poterba, an economics professor at the Massachusetts Institute of Technology, said he does not see the current shutdown tipping the economy into a two-quarter contraction, which is generally seen as a guideline in calling recessions. “You’d have to have a very, very long shutdown for that to happen.”

The standoff between President Donald Trump and Democratic legislators over Trump’s demand for border wall funding led to the partial closure of the federal government on Dec. 22, just before the end of the final quarter of 2018. In mid-January, it became the longest shutdown in history, surpassing the 21-day closure during the Clinton administration in 1995 and early 1996.

Kevin Hassett, chairman of the president’s Council of Economic Advisors, told CNN on Wednesday the U.S. might post no economic growth in the first quarter if the government does not reopen. But “the second-quarter number would be humongous if the government reopened,” he said. “It would be like 4 or 5 percent.”

Poterba on Friday did put forth a hypothetical in a “Squawk Box” interview: “You could see a situation in which a shutdown ran from the middle of one quarter to the middle of the next, [in which] the growth numbers in both quarters ended up slightly negative.”

However, such a scenario would still probably not trigger a recession call, he said. “That’s a great example of where the two-quarter negative rule could, in fact, get you into some difficulty,” he explained. “It’s conceivable in a situation like that that the NBER committee would say, ‘As long as there was reasonable growth before and after, this was an aberration and was not a true recession.’ And the committee might decide not to call that.”

As of now, Poterba said, the NBER committee has not been discussing whether a recession might be on the horizon. “It’s a very data-driven decision. The decisions on when to date these business cycles are made by a committee. It’s not a simple rule. It’s not two quarters of decline in real GDP,” he said. “At a moment like this, when we’re seeing a period of continuing growth, there’s not a lot to talk about. So the committee doesn’t have any reason to meet.”

Poterba appeared on CNBC as debate rages among economists, Wall Street strategists and Washington leaders on whether signs of an economic slowdown in certain sectors, such as housing and autos, is signaling a recession this year or next, or not anytime in the near future.

However, investors hoping for early cues from the NBER should be careful: The committee often makes its conclusions after the fact. The Great Recession, the longest since World War II, was a “clear example,” Poterba said. “In late November of 2008 the NBER announced a recession had begun in December of 2007.” It wasn’t until September 2010 that the NBER acknowledged that the recession had come to an end in June 2009.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: matthew j belvedere
Keywords: news, cnbc, companies, economic, head, wont, recessions, poterba, recession, quarter, shutdown, wall, cause, calls, committee, growth, group, twoquarter, nber


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Extending the Brexit deadline could cause major issues with EU elections coming

Extending the official Brexit deadline for the U.K. could bring a wave of extra logistical and political problems for the European Union. Extending the departure beyond the agreed date would likely clash with European parliamentary elections that are set to take place between May 23 and 26. The chamber is made of lawmakers from all 28 European member countries, including the U.K., and is responsible for approving European policies, such as the Union’s total budget. Macron said Wednesday that the


Extending the official Brexit deadline for the U.K. could bring a wave of extra logistical and political problems for the European Union. Extending the departure beyond the agreed date would likely clash with European parliamentary elections that are set to take place between May 23 and 26. The chamber is made of lawmakers from all 28 European member countries, including the U.K., and is responsible for approving European policies, such as the Union’s total budget. Macron said Wednesday that the
Extending the Brexit deadline could cause major issues with EU elections coming Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: silvia amaro, frederick florin, afp, getty images, simon dawson, bloomberg
Keywords: news, cnbc, companies, member, eu, parliament, cause, place, elections, brexit, issues, speaking, european, coming, extending, deadline, uk, extension, major


Extending the Brexit deadline could cause major issues with EU elections coming

Extending the official Brexit deadline for the U.K. could bring a wave of extra logistical and political problems for the European Union.

The ongoing deadlock has sparked a debate on the potential extension of Article 50 — the legal means by which the U.K. leaves the EU. However, there is strong opposition from some European lawmakers over giving more time to the U.K. to sort out its domestic politics.

The U.K. is set to leave the EU on March 29 — but this could change if the U.K. asks for an extension and the other 27 member nations accept the request. Extending the departure beyond the agreed date would likely clash with European parliamentary elections that are set to take place between May 23 and 26. The chamber is made of lawmakers from all 28 European member countries, including the U.K., and is responsible for approving European policies, such as the Union’s total budget.

“What we will not let happen, deal or no deal, is that the mess in British politics is again imported into European politics. While we understand the U.K. could need more time, for us it is unthinkable that Article 50 is prolonged beyond the European Elections,” Guy Verhofstadt, a member of the European Parliament and its representative in Brexit negotiations, said on Twitter on Wednesday.

His comments come at a time when U.K. Prime Minister Theresa May’s proposed Brexit deal suffered a historic defeat in the House of Commons on Tuesday. Meanwhile, French President Emmanuel Macron weighed in on the possibility that the U.K. would have to push back its departure date.

Macron said Wednesday that the U.K. “will take more time (to overcome the Brexit impasse), maybe they will step over the European elections in order to find something else.”

Speaking to CNBC via email Friday, Seb Dance, member of the European Parliament for the U.K. Labour party, said the prospect of having Brexit and the European elections clashing “is a logistical headache.”

“The impact of delaying Brexit on the EU elections is certainly troublesome logistically speaking,” he said, “but politically speaking it shouldn’t make a difference as it is entirely possible that elections take place in the other member states without needing to take place in Britain.”

However, some argue that even politically, it would be troublesome, as European officials and institutions want to focus on campaigning and speaking to voters ahead of the vote. The wave of populist sentiment in Europe after the fallout of the sovereign debt crisis has raised concerns, among the traditional parties, about what the next European Parliament will look like.

According to a Brussels-based European official, who did not want to be named due to the sensitivity surrounding the Brexit talks, an extension would likely mean that the U.K. would have to participate in the vote. This is because it would still technically be a member of the European Union.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: silvia amaro, frederick florin, afp, getty images, simon dawson, bloomberg
Keywords: news, cnbc, companies, member, eu, parliament, cause, place, elections, brexit, issues, speaking, european, coming, extending, deadline, uk, extension, major


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YouTube bans ‘dangerous’ challenges and pranks after ‘Bird Box’ stunts

YouTube will clamp down on content that shows people engaging in dangerous activities or pranks that cause emotional distress. Google’s video sharing platform published guidelines on Tuesday to address a growing number of “dangerous” trends, including a recent spike in videos showing people attempting the “Bird Box challenge.” Inspired by the Netflix movie “Bird Box,” the challenge involves attempting to perform tasks while blindfolded. “Our policies prohibiting harmful and dangerous content als


YouTube will clamp down on content that shows people engaging in dangerous activities or pranks that cause emotional distress. Google’s video sharing platform published guidelines on Tuesday to address a growing number of “dangerous” trends, including a recent spike in videos showing people attempting the “Bird Box challenge.” Inspired by the Netflix movie “Bird Box,” the challenge involves attempting to perform tasks while blindfolded. “Our policies prohibiting harmful and dangerous content als
YouTube bans ‘dangerous’ challenges and pranks after ‘Bird Box’ stunts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: chloe taylor, paras griffin, getty images
Keywords: news, cnbc, companies, videos, serious, harmful, emotional, cause, stunts, bans, bird, content, youtube, pranks, policies, platform, challenges, dangerous, box


YouTube bans 'dangerous' challenges and pranks after 'Bird Box' stunts

YouTube will clamp down on content that shows people engaging in dangerous activities or pranks that cause emotional distress.

Google’s video sharing platform published guidelines on Tuesday to address a growing number of “dangerous” trends, including a recent spike in videos showing people attempting the “Bird Box challenge.”

Inspired by the Netflix movie “Bird Box,” the challenge involves attempting to perform tasks while blindfolded. It is known to have led to at least one car accident, where a teenager crashed her car in Utah while driving with a hat over her eyes.

In a public post on Tuesday, a community manager at YouTube said the platform was home to “many beloved viral challenges and pranks,” but the company had a responsibility to prohibit content that encouraged harmful activities. The post noted that the Tide pod challenge — in which people filmed themselves eating pods filled with laundry detergent — and the Fire Challenge — which encouraged people to set themselves on fire — had caused death in some instances, and had “no place on YouTube.”

“Our policies prohibiting harmful and dangerous content also extend to pranks with a perceived danger of serious physical injury. We don’t allow pranks that make victims believe they’re in serious physical danger — for example, a home invasion prank or a drive-by shooting prank,” it said. “We also don’t allow pranks that cause children to experience severe emotional distress, meaning something so bad that it could leave the child traumatized for life.”

This included videos that tricked children into believing a parent had died or shamed young people for mistakes. YouTube said it would remove content that violated these policies, but it would give channels on its platform a two-month window before it began enforcing “strikes” for policy breaches.

A YouTube spokesperson told CNBC via email on Wednesday that the platform had long prohibited videos promoting harmful activities.

“We heard feedback from creators that we could provide some clarity on certain Community Guidelines, so we published materials detailing our policies against pranks that cause others to seriously fear for their safety or that cause serious emotional distress to children and vulnerable individuals,” they said.


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: chloe taylor, paras griffin, getty images
Keywords: news, cnbc, companies, videos, serious, harmful, emotional, cause, stunts, bans, bird, content, youtube, pranks, policies, platform, challenges, dangerous, box


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Chinese growth is more of a concern than the American economy right now, private bank says

The Chinese economy is a bigger worry right now than the U.S. economy, according to an investments expert at a private bank. Still, he ultimately expressed optimism that China’s leaders will keep their economy together. “The Chinese economy is, at the moment, a bigger cause of concern right now compared to the U.S. economy,” Brill told CNBC’s “Squawk Box.” Adding the tariff battle between the two largest economies just means growth will be “a bit more difficult” for Beijing, he noted. “This is s


The Chinese economy is a bigger worry right now than the U.S. economy, according to an investments expert at a private bank. Still, he ultimately expressed optimism that China’s leaders will keep their economy together. “The Chinese economy is, at the moment, a bigger cause of concern right now compared to the U.S. economy,” Brill told CNBC’s “Squawk Box.” Adding the tariff battle between the two largest economies just means growth will be “a bit more difficult” for Beijing, he noted. “This is s
Chinese growth is more of a concern than the American economy right now, private bank says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: everett rosenfeld, lintao zhang, pool, getty images
Keywords: news, cnbc, companies, chinas, brill, cause, bigger, economy, chinese, private, right, concern, american, term, growth, bank, short


Chinese growth is more of a concern than the American economy right now, private bank says

The Chinese economy is a bigger worry right now than the U.S. economy, according to an investments expert at a private bank.

Speaking to CNBC on Friday, Felix Brill, the head of investment solutions at Liechtenstein-based VP Bank, said investors should expect more market volatility due to the ongoing trade war negotiations between Washington and Beijing. Still, he ultimately expressed optimism that China’s leaders will keep their economy together.

“The Chinese economy is, at the moment, a bigger cause of concern right now compared to the U.S. economy,” Brill told CNBC’s “Squawk Box.”

He added that there are “clear signs” that China’s economy is slowing in the short term, and there may be more dragging on the nation as it looks to transition its economic model from one led by exportation to a more consumption-driven approach. Adding the tariff battle between the two largest economies just means growth will be “a bit more difficult” for Beijing, he noted.

But, Brill said, that doesn’t mean China won’t be able to push through those challenges.

“This is some cause for concern in the short term, but I’m confident that the Chinese authorities, again, will step in and implement additional measures to support the economy,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: everett rosenfeld, lintao zhang, pool, getty images
Keywords: news, cnbc, companies, chinas, brill, cause, bigger, economy, chinese, private, right, concern, american, term, growth, bank, short


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‘Escape Room’ fire in Poland likely to have been caused by gas leak

Investigators in Poland on Saturday blamed a gas leak in a heating system at an “Escape Room” for a fire that killed five teenage girls and injured a man. The bodies of the 15-year-old victims were found Friday in Koszalin, in northern Poland, after firefighters extinguished a blaze in an adjacent room. A spokesman for local firefighters, Tomasz Kubiak, said the units responding to the blaze had to use specialized equipment and force their way into the “Escape Room.” Poland’s interior minister h


Investigators in Poland on Saturday blamed a gas leak in a heating system at an “Escape Room” for a fire that killed five teenage girls and injured a man. The bodies of the 15-year-old victims were found Friday in Koszalin, in northern Poland, after firefighters extinguished a blaze in an adjacent room. A spokesman for local firefighters, Tomasz Kubiak, said the units responding to the blaze had to use specialized equipment and force their way into the “Escape Room.” Poland’s interior minister h
‘Escape Room’ fire in Poland likely to have been caused by gas leak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-05  Authors: radoslaw kolesnik, afp, getty images
Keywords: news, cnbc, companies, room, escape, cause, way, gas, leak, firefighters, likely, poland, girls, caused, blaze, wiring, location


'Escape Room' fire in Poland likely to have been caused by gas leak

Investigators in Poland on Saturday blamed a gas leak in a heating system at an “Escape Room” for a fire that killed five teenage girls and injured a man.

The bodies of the 15-year-old victims were found Friday in Koszalin, in northern Poland, after firefighters extinguished a blaze in an adjacent room. Prosecutors said that carbon monoxide inhalation was the likely cause of the deaths.

A 26-year-old man employed at the location was hospitalized with burns.

Koszalin prosecutor Ryszard Gasiorowski said a leak in the bottled gas heating system at the location was a probable cause of the fire. Earlier, firefighters blamed faulty electric wiring and substandard security procedures.

Gasiorowski said the fire probably broke out in the reception room and blocked the employee’s way to evacuate the girls. Autopsies will be carried out to confirm the cause of the deaths.

He said firefighters who put out the blaze and other witnesses were being questioned. The condition of the injured employee didn’t immediately allow for his questioning.

Earlier, national fire chief Leszek Suski said Saturday that electrical wiring at the location was makeshift and too close to flammable materials.

“Security was not ensured and that led to the tragedy,” Suski said.

He said there was no proper evacuation route and a “lot of negligence” at the location.

A spokesman for local firefighters, Tomasz Kubiak, said the units responding to the blaze had to use specialized equipment and force their way into the “Escape Room.”

Poland’s interior minister has ordered fire safety inspections at more than 1,000 “Escape Room” locations across the country. The first inspections were being held Saturday, the Interior Ministry said. Previously, there was no official requirement for fire safety certificates at such locations.

Highly popular among teenagers in Poland, the “Escape Room” game has players locked inside a room or building and they must find clues that help them get out.

Prime Minister Mateusz Morawiecki has sent condolences to the victims’ relatives. Officials have extended psychological, psychiatric and other support to the families. The school which the teenagers attended was extending counselling and support to their friends and colleagues. Students and residents attended a Catholic Mass on Saturday noon at the local church.

Local residents were placing flowers and lights in front of the location, a detached house.

The girls, friends from one school class, were celebrating one of their birthdays.


Company: cnbc, Activity: cnbc, Date: 2019-01-05  Authors: radoslaw kolesnik, afp, getty images
Keywords: news, cnbc, companies, room, escape, cause, way, gas, leak, firefighters, likely, poland, girls, caused, blaze, wiring, location


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Trump’s criticisms of the Fed may actually cause the central bank to ‘reassert itself’: Studzinski

President Donald Trump’s vocal displeasure with the Federal Reserve may in fact create an opposite effect — a reassertion of its independence and policy tightening path. That’s according to veteran investment banker and philanthropist John Studzinski, who argues that Fed Chairman Jerome Powell won’t bow down to pressure from the president to halt interest rate rises. The Pimco executive made the comments during an interview a week prior to the Fed’s decision on Dec. 19 to hike rates for the four


President Donald Trump’s vocal displeasure with the Federal Reserve may in fact create an opposite effect — a reassertion of its independence and policy tightening path. That’s according to veteran investment banker and philanthropist John Studzinski, who argues that Fed Chairman Jerome Powell won’t bow down to pressure from the president to halt interest rate rises. The Pimco executive made the comments during an interview a week prior to the Fed’s decision on Dec. 19 to hike rates for the four
Trump’s criticisms of the Fed may actually cause the central bank to ‘reassert itself’: Studzinski Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: ryan browne
Keywords: news, cnbc, companies, chairman, rate, pimco, reassert, cause, president, criticisms, central, policy, bank, yearto, going, trumps, studzinski, effect, actually, fed


Trump's criticisms of the Fed may actually cause the central bank to 'reassert itself': Studzinski

President Donald Trump’s vocal displeasure with the Federal Reserve may in fact create an opposite effect — a reassertion of its independence and policy tightening path.

That’s according to veteran investment banker and philanthropist John Studzinski, who argues that Fed Chairman Jerome Powell won’t bow down to pressure from the president to halt interest rate rises.

“He’s not going to blink and he’s going to keep his own advice with respect to what he does with his rate rises over the next 12 months,” Studzinski, managing director and vice chairman of Pimco, told CNBC’s Steve Sedgwick and Geoff Cutmore.

The Pimco executive made the comments during an interview a week prior to the Fed’s decision on Dec. 19 to hike rates for the fourth time this year.

“To a certain extent,” he continued, “any comment that Mr Trump makes about this may work to the other effect, which is he might cause the Fed to reassert itself and be even more independent.”

The Fed considers itself to be “independent within the government,” meaning it is subject to scrutiny from Congress but sets monetary policy independently of political pressures.


Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: ryan browne
Keywords: news, cnbc, companies, chairman, rate, pimco, reassert, cause, president, criticisms, central, policy, bank, yearto, going, trumps, studzinski, effect, actually, fed


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FDA warns some antibiotics can cause fatal heart damage

Certain antibiotics can cause painful and sometimes fatal damage to the body’s main artery, the Food and Drug Administration said Thursday. Fluoroquinolone antibiotics might raise the risk of an aortic dissection, and people who are already at risk should be cautious about taking those antibiotics, the FDA said. These tears, called aortic dissections, or ruptures of an aortic aneurysm can lead to dangerous bleeding or even death,” the FDA said in a statement. People who have high blood pressure,


Certain antibiotics can cause painful and sometimes fatal damage to the body’s main artery, the Food and Drug Administration said Thursday. Fluoroquinolone antibiotics might raise the risk of an aortic dissection, and people who are already at risk should be cautious about taking those antibiotics, the FDA said. These tears, called aortic dissections, or ruptures of an aortic aneurysm can lead to dangerous bleeding or even death,” the FDA said in a statement. People who have high blood pressure,
FDA warns some antibiotics can cause fatal heart damage Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: maggie fox, justin sullivan, getty images
Keywords: news, cnbc, companies, antibiotics, heart, fatal, aortic, blood, taking, patients, fda, aneurysm, cause, used, damage, warns, pressure, risk


FDA warns some antibiotics can cause fatal heart damage

Certain antibiotics can cause painful and sometimes fatal damage to the body’s main artery, the Food and Drug Administration said Thursday.

Fluoroquinolone antibiotics might raise the risk of an aortic dissection, and people who are already at risk should be cautious about taking those antibiotics, the FDA said.

“A U.S. Food and Drug Administration (FDA) review found that fluoroquinolone antibiotics can increase the occurrence of rare but serious events of ruptures or tears in the main artery of the body, called the aorta. These tears, called aortic dissections, or ruptures of an aortic aneurysm can lead to dangerous bleeding or even death,” the FDA said in a statement.

“Fluoroquinolones should not be used in patients at increased risk unless there are no other treatment options available. People at increased risk include those with a history of blockages or aneurysms (abnormal bulges) of the aorta or other blood vessels, high blood pressure, certain genetic disorders that involve blood vessel changes, and the elderly.”

The FDA said the new risk guidance will be added to the labels and prescribing information of fluoroquinolone drugs. The agency has already warned that the powerful drugs should only be used when absolutely necessary because they can cause other side effects involving tendons, muscles, joints, nerves and the central nervous system.

“Health care professionals should avoid prescribing fluoroquinolone antibiotics to patients who have an aortic aneurysm or are at risk for an aortic aneurysm, such as patients with peripheral atherosclerotic vascular diseases, hypertension, certain genetic conditions such as Marfan syndrome and Ehlers-Danlos syndrome, and elderly patients. Prescribe fluoroquinolones to these patients only when no other treatment options are available,” the FDA said.

Patients should call 911 or get to an emergency room if they feel symptoms of an aortic dissection, which include sudden, severe, and constant pain in the stomach, chest or back, the FDA said.

People who have high blood pressure, who know they have an aneurysm — a thinning of the artery walls — or heart disease should tell their doctors before taking antibiotics.

High blood pressure is the main cause of aortic dissections, which involves the inner layer of the wall or the aorta tearing away from the middle wall.

Fluoroquinolones are very commonly used antibiotics. They include: ciprofloxacin, also known as Cipro; levofloxacin, or Levaquin; gemifloxacin, or Factive; and moxifloxacin, or Avelox.

They are widely prescribed to treat upper respiratory infections and urinary tract infections.

“Be aware that symptoms of an aortic aneurysm often do not show up until the aneurysm becomes large or bursts, so report any unusual side effects from taking fluoroquinolones to your health care professional immediately,” the FDA said.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: maggie fox, justin sullivan, getty images
Keywords: news, cnbc, companies, antibiotics, heart, fatal, aortic, blood, taking, patients, fda, aneurysm, cause, used, damage, warns, pressure, risk


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