Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. After months of strong criticism, Fed Chair Jerome Powell


Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. After months of strong criticism, Fed Chair Jerome Powell
Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: yun li, scott mlyn
Keywords: news, cnbc, companies, president, confidence, janet, remain, yellen, important, strong, fed, richard, powell, months, central, worries, independent, comments, trump, public, hurt


Janet Yellen worries Trump comments could hurt confidence, says Fed should remain independent

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump.

“It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday.

“It’s important for the public and for market participants to understand that the actions that the Fed takes are truly in response to its congressional mandate of maximum employment and price stability. There is some history of Presidents trying to influence the Fed, and reportedly [Richard] Nixon influenced Arthur Burns. It’s important for the sake of the Fed’s credibility and the confidence in the institution,” Yellen added.

Trump has repeatedly criticized the central bank for slowing the economy, even saying the Fed has “gone crazy” by continuing to raise interest rates. After months of strong criticism, Fed Chair Jerome Powell and Trump finally had their first official meeting.

The two sat down at dinner together on Monday for about an hour and a half, with Fed Vice Chairman Richard Clarida and Treasury Secretary Steven Mnuchin also in attendance. Mnuchin described the dinner as “very casual” and said the Fed chief gave the president an overview of the economy.

Yellen served as the central bank’s chief from 2014 to 2018. Powell succeeded her in February last year.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: yun li, scott mlyn
Keywords: news, cnbc, companies, president, confidence, janet, remain, yellen, important, strong, fed, richard, powell, months, central, worries, independent, comments, trump, public, hurt


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Avon surges on positive comments from longtime value investor Bill Miller

Bill Miller, the venerable portfolio manager, told CNBC on Thursday the most interesting stock he’s added recently was Avon Products, and the beauty company’s stock surged more than 20 percent immediately after his comments. In 2016, he went out on his own, forming Miller Value Partners. Miller also told CNBC Thursday he was buying a personal position, not in the funds of Miller Value Partners, in Avon rival Coty at around $8 per share. Coty stock was also soaring on Miller’s comments to the tun


Bill Miller, the venerable portfolio manager, told CNBC on Thursday the most interesting stock he’s added recently was Avon Products, and the beauty company’s stock surged more than 20 percent immediately after his comments. In 2016, he went out on his own, forming Miller Value Partners. Miller also told CNBC Thursday he was buying a personal position, not in the funds of Miller Value Partners, in Avon rival Coty at around $8 per share. Coty stock was also soaring on Miller’s comments to the tun
Avon surges on positive comments from longtime value investor Bill Miller Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: matthew j belvedere
Keywords: news, cnbc, companies, sp, value, coty, share, avon, positive, stock, bill, surges, miller, investor, told, trust, comments, longtime


Avon surges on positive comments from longtime value investor Bill Miller

Bill Miller, the venerable portfolio manager, told CNBC on Thursday the most interesting stock he’s added recently was Avon Products, and the beauty company’s stock surged more than 20 percent immediately after his comments.

Shares of Avon were around $2.25 each in late-morning trade for a market value of around $1 billion, a far cry from its all-time per-share highs in the mid-$40s in 2004.

“Avon was at a 70-year low at $1.95 or something like that; brand new management all up and down, a couple hundred million [dollars] in free cash flow, the proper strategy now for the first time in years, if not decades,” Miller told CNBC’s Brian Sullivan on “Squawk on the Street.”

“We think it’s a company that could be a 10 bagger in the next three to five years,” said Miller, meaning he believes the stock could be 10 times higher over the period. “They sold the U.S. division off so it’s basically an emerging markets play. I don’t like to use the word ‘play,’ but emerging markets opportunity.”

Miller also pointed to an Avon announcement Wednesday of a 15 percent inventory reduction and write-off as well as a 10 percent global workforce cut.

Miller, a star money manager at Legg Mason for decades, is best known for beating the S&P 500 for 15 consecutive years through 2005. His track record more recently, particularly during the financial crisis, has been up and down. In 2016, he went out on his own, forming Miller Value Partners.

Miller also told CNBC Thursday he was buying a personal position, not in the funds of Miller Value Partners, in Avon rival Coty at around $8 per share. Coty had tried to buy Avon for $10 billion in 2012. But Avon rejected the takeover offer.

Coty stock was also soaring on Miller’s comments to the tune of about 6 percent in late Thursday morning trading. He said “most of the damage has been done” on Coty, which has plunged about 60 percent in the past 12 months.

Private equity group JAB Holding is Coty’s largest shareholder. “They bought every share that was available in blocks around $8.50 each, “Miller said.

Earlier this month, Miller told CNBC that his Miller Opportunity Trust fund is “off to a very strong start this year,” after having a “pretty bad” 2018.

In 2017, Miller he bought two mutual funds that he started at Legg Mason. The bigger of the two is Miller Opportunity Trust, which beat the S&P 500 that year. But the fund trailed the index by about 6 percentage points last year.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: matthew j belvedere
Keywords: news, cnbc, companies, sp, value, coty, share, avon, positive, stock, bill, surges, miller, investor, told, trust, comments, longtime


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Dollar slips on Fed chief’s ‘patient’ comments

Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Fed Vice Chair Richard Clarida also struck a dovish tone, underscoring the central bank’s willingness to remain patient on the issue of raising rates. “The Fed Funds Rate is no longer accommodative but neutral, and more importantly, positive in real terms. In line with a more patient Fed, the U.S. dollar’ rise will become gentler,” said Phi


Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Fed Vice Chair Richard Clarida also struck a dovish tone, underscoring the central bank’s willingness to remain patient on the issue of raising rates. “The Fed Funds Rate is no longer accommodative but neutral, and more importantly, positive in real terms. In line with a more patient Fed, the U.S. dollar’ rise will become gentler,” said Phi
Dollar slips on Fed chief’s ‘patient’ comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: mark wilson, getty images
Keywords: news, cnbc, companies, trade, chiefs, slips, vote, rates, rate, remain, patient, versus, fed, currency, dollar, comments


Dollar slips on Fed chief's 'patient' comments

The dollar fell versus its major peers on Friday, as investors grew increasingly confident that the U.S. Federal Reserve may hit the pause button on monetary tightening this year.

Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the Fed this year.

Fed Vice Chair Richard Clarida also struck a dovish tone, underscoring the central bank’s willingness to remain patient on the issue of raising rates.

“The market has almost priced in that the Fed will not be hiking rates any further. To get the dollar weaker, market now has to expect a rate cut…I don’t see that happening,” said Sim Moh Siong, currency strategist at Bank of Singapore.

Sentiment was still slightly cautious in Asian trade on a lack of concrete details from the United States and China on any progress in their trade dispute after a three-day meeting in Beijing. The two sides are more than halfway through a 90-day truce agreed by U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

Traders still remain optimistic that a trade deal between the world’s largest economies will eventually materialize. U.S. Treasury Secretary Steven Mnuchin said late on Thursday that Chinese Vice Premier Liu He will “most likely” visit Washington later in January for trade talks.

Bank of Singapore’s Sim added that currencies such as the Australian dollar, a gauge of risk appetite, and the New Zealand dollar, are likely to see further gains if a U.S.-Sino trade deal is reached.

The Aussie dollar was last at $0.7201, gaining 0.2 percent versus the greenback, while the kiwi firmed 0.44 percent to $0.6808.

The dollar also fell 0.47 percent versus the offshore yuan to 6.7602. The yuan is now at its strongest since late July last year.

The dollar index fell by 0.17 percent to 95.37. The index has fallen around 2.2 percent since mid-December on expectations that a slowdown in growth, both in the United States as well as globally, will restrict the Fed from raising rates in 2019.

In 2018, the greenback outperformed its peers, gaining 4.3 percent as the Fed hiked rates four times on the back of a strong domestic economy, falling unemployment and rising wage pressures. This has caused traders to turn bearish on the dollar.

However, few analysts still forecast a rising dollar for this year.

“The Fed Funds Rate is no longer accommodative but neutral, and more importantly, positive in real terms. In line with a more patient Fed, the U.S. dollar’ rise will become gentler,” said Philip Wee, currency strategist at DBS in a note.

The safe-haven yen strengthened 0.1 percent to 108.25 per dollar, reflecting investors’ cautious wait-and-see mode.

The euro gained 0.2 percent to $1.1519, after losing 0.4 percent of its value in the previous session. The single currency has been pressured by a slew of weaker-than-expected economic data, especially from France and Germany.

The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency.

Elsewhere, sterling traded marginally firmer, fetching $1.2752 in early Asian trade with traders focused on the progress of Brexit.

British Prime Minister Theresa May must win a vote in parliament to get her Brexit deal approved or risk seeing Britain’s exit from the European Union descend into chaos. The vote is now due to take place on Jan. 15. The numbers are not in May’s favor and her chances of winning the vote look extremely slim.

The dollar weakened versus the Canadian dollar by 0.17 percent to C$1.3211. The greenback has lost 3.25 percent against the loonie over the last six sessions, with the commodity-linked currency bolstered by a rebound in oil prices.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: mark wilson, getty images
Keywords: news, cnbc, companies, trade, chiefs, slips, vote, rates, rate, remain, patient, versus, fed, currency, dollar, comments


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US Treasury yields edge lower after Powell comments

In a speech on Thursday, Powell said he was concerned about the ballooning amount of United States debt. Elsewhere, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. Treasury Secretary Steven Mnuchin said Thursday that Vice Premier Liu would most likely visit Washington later in January for further negotiations. On the data front, the latest CPI figures as well as core CPI data for December are due at around 8:


In a speech on Thursday, Powell said he was concerned about the ballooning amount of United States debt. Elsewhere, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. Treasury Secretary Steven Mnuchin said Thursday that Vice Premier Liu would most likely visit Washington later in January for further negotiations. On the data front, the latest CPI figures as well as core CPI data for December are due at around 8:
US Treasury yields edge lower after Powell comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: matt clinch
Keywords: news, cnbc, companies, data, wait, cpi, treasury, vice, powell, comments, washington, worlds, visit, yields, united, lower, edge


US Treasury yields edge lower after Powell comments

In a speech on Thursday, Powell said he was concerned about the ballooning amount of United States debt. Powell, addressing the Economic Club of Washington in a panel talk, also said the Fed’s balance sheet will be reduced significantly from where it is now but also reiterated that policymakers were prepared to wait before hiking rates again.

Elsewhere, market focus was also attuned to news that trade talks between the world’s two largest economies could soon move to higher levels. U.S. Treasury Secretary Steven Mnuchin said Thursday that Vice Premier Liu would most likely visit Washington later in January for further negotiations.

On the data front, the latest CPI figures as well as core CPI data for December are due at around 8:30 a.m. ET.

—CNBC’s Sam Meredith contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: matt clinch
Keywords: news, cnbc, companies, data, wait, cpi, treasury, vice, powell, comments, washington, worlds, visit, yields, united, lower, edge


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From Wynn Resorts to Lululemon, 2018 was the year of #MeToo mea culpa

Shares of luxury hotel operator Wynn Resorts fell more than 10 percent when the Wall Street Journal published a story in January detailing allegations of decades of sexual misconduct by gambling mogul, Steve Wynn. Wynn announced his resignation as CEO and chairman in February, which the company’s non-executive board director said it accepted with “a collective heavy heart.” The company paid Wynn no severance and he eventually sold his remaining stake in “privately negotiated transactions.” Papa


Shares of luxury hotel operator Wynn Resorts fell more than 10 percent when the Wall Street Journal published a story in January detailing allegations of decades of sexual misconduct by gambling mogul, Steve Wynn. Wynn announced his resignation as CEO and chairman in February, which the company’s non-executive board director said it accepted with “a collective heavy heart.” The company paid Wynn no severance and he eventually sold his remaining stake in “privately negotiated transactions.” Papa
From Wynn Resorts to Lululemon, 2018 was the year of #MeToo mea culpa Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: lauren hirsch, ethan miller, getty images
Keywords: news, cnbc, companies, resorts, schnatter, comments, roughly, shares, johns, wynn, mea, company, culpa, 2018, stake, metoo, lululemon, twitter, wynns


From Wynn Resorts to Lululemon, 2018 was the year of #MeToo mea culpa

The biggest challenge for some companies last year arose when a founder was one of the accused.

Shares of luxury hotel operator Wynn Resorts fell more than 10 percent when the Wall Street Journal published a story in January detailing allegations of decades of sexual misconduct by gambling mogul, Steve Wynn. Wynn announced his resignation as CEO and chairman in February, which the company’s non-executive board director said it accepted with “a collective heavy heart.”

The company paid Wynn no severance and he eventually sold his remaining stake in “privately negotiated transactions.” A spokesperson for the company told CNBC the company has also taken a number of steps since Wynn’s departure, including creating new department of culture and community and launching enhanced workplace compliance and anti-sexual harassment training.

But Wynn’s stock is down more than 42 percent since the news broke, as the hotel operator has grappled with slowing sales, particularly in Macau.

Papa John’s, meantime, has yet to extricate itself from its founder, John Schnatter, who holds a roughly 30 percent stake in the company.

Racially charged comments made by Schnatter leaked to the public in July, sending shares of the pizza chain down nearly 6 percent. Soon after, a Forbes article emerged accusing the company of having a “frat-like culture” led by Schnatter that disparaged women.

Schnatter resigned as chairman a day after his comments leaked. A week later, the company decided to remove its marketing images of him, including his face on Papa John’s pizza boxes. It later ran a campaign on Facebook and Twitter in which it addressed the comments head on.

“You expected better from Papa John’s,” says the video, which was posted on Facebook and Twitter. “So did we.”

The marketing campaign, though, has yet to fully stem the losses. Its shares are down roughly 20 percent since news broke in July. The company also launched a sale process last year, one that has been made more complicated by Schnatter’s stake.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: lauren hirsch, ethan miller, getty images
Keywords: news, cnbc, companies, resorts, schnatter, comments, roughly, shares, johns, wynn, mea, company, culpa, 2018, stake, metoo, lululemon, twitter, wynns


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The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets

Along with the rate hike, Fed officials collectively indicated that two more rate increases are likely this year. In addition to his comments Thursday on rates, Kaplan said the Fed may want to rethink its balance sheet reduction. “I’m watching it very carefully and [we should] be very open if necessary to making adjustments in this balance sheet runoff if we need to. I’m not at that point yet, but I’m watching it very carefully and I think we should be very open-minded about making adjustments t


Along with the rate hike, Fed officials collectively indicated that two more rate increases are likely this year. In addition to his comments Thursday on rates, Kaplan said the Fed may want to rethink its balance sheet reduction. “I’m watching it very carefully and [we should] be very open if necessary to making adjustments in this balance sheet runoff if we need to. I’m not at that point yet, but I’m watching it very carefully and I think we should be very open-minded about making adjustments t
The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: jeff cox, mary catherine wellons
Keywords: news, cnbc, companies, sheet, fed, bank, comments, turmoil, hikes, watching, kaplan, dallas, im, president, think, market, balance, pause, markets, rate, central


The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets

Along with the rate hike, Fed officials collectively indicated that two more rate increases are likely this year. Markets, however, do not think that will happen and are pricing in less than a 10 percent chance of a hike before 2019 ends.

“My own view is we shouldn’t take any further action on interest rates until these issues are resolved for better or for worse,” Kaplan said. “So I would be an advocate of taking no action, for example, in the first couple of quarters of this year.”

Kaplan is a nonvoting member of the policymaking Federal Open Market Committee this year, but still has input on the panel and will vote again in 2020.

His comments contrast somewhat with remarks he made in an October essay. Back then, he said the Fed “no longer [needs] to be stimulating the U.S. economy” and should be “gradually and patiently” moving toward a “neutral” rate that is neither stimulative nor restrictive on growth.

In addition to his comments Thursday on rates, Kaplan said the Fed may want to rethink its balance sheet reduction. In an operation that started in October 2016, the central bank has been allowing a set level of proceeds — currently at $50 billion — from its bond portfolio to run off each month. That has reduced the Fed’s role in the bond market and has sparked liquidity concerns.

“I think it’s critical in the job I’m in that you pay very close attention to what the markets are saying,” Kaplan said.

“This is unprecedented. There’s no textbook for exiting quantitative easing, and my own view is while there’s a process in place, we should be very vigilant,” he added. “I’m watching it very carefully and [we should] be very open if necessary to making adjustments in this balance sheet runoff if we need to. I’m not at that point yet, but I’m watching it very carefully and I think we should be very open-minded about making adjustments to that process if we need to.”

Contrary to Kaplan’s stance, Fed Chairman Jerome Powell said at a December news conference that he does not expect the Fed to adjust its balance sheet stance. Those comments were broadly seen as sparking another move lower in the stock market.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: jeff cox, mary catherine wellons
Keywords: news, cnbc, companies, sheet, fed, bank, comments, turmoil, hikes, watching, kaplan, dallas, im, president, think, market, balance, pause, markets, rate, central


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Dow is set for 200-point gain on hopes for US-China trade talks

U.S. stock index futures point to a higher open on Monday on growing optimism surrounding U.S.-China trade talks. ET, Dow Jones Industrial Average futures implied a rise of more than 200 points at the open. Futures for Nasdaq 100 and S&P 500 also pointed to a higher open. Over the weekend, President Donald Trump said he had a “very good call” with Chinese President Xi Jinping to discuss trade. Trump’s comments came after both Xi and he earlier this month agreed to a 90-day pause in tariff escala


U.S. stock index futures point to a higher open on Monday on growing optimism surrounding U.S.-China trade talks. ET, Dow Jones Industrial Average futures implied a rise of more than 200 points at the open. Futures for Nasdaq 100 and S&P 500 also pointed to a higher open. Over the weekend, President Donald Trump said he had a “very good call” with Chinese President Xi Jinping to discuss trade. Trump’s comments came after both Xi and he earlier this month agreed to a 90-day pause in tariff escala
Dow is set for 200-point gain on hopes for US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: spriha srivastava
Keywords: news, cnbc, companies, comments, president, dow, trade, gain, open, 200point, uschina, talks, set, trump, higher, weekend, hopes, worldwidefollowing, xi, futures


Dow is set for 200-point gain on hopes for US-China trade talks

U.S. stock index futures point to a higher open on Monday on growing optimism surrounding U.S.-China trade talks.

At around 7 a.m. ET, Dow Jones Industrial Average futures implied a rise of more than 200 points at the open. Futures for Nasdaq 100 and S&P 500 also pointed to a higher open.

Over the weekend, President Donald Trump said he had a “very good call” with Chinese President Xi Jinping to discuss trade. The president also claimed that “big progress” was being made on this front. Trump’s statements sparked gains in markets worldwide.

Following the comments, however, The Wall Street Journal reported that Trump “may be overstating how close the two sides are to an agreement,” citing sources familiar with the situation.

Trump’s comments came after both Xi and he earlier this month agreed to a 90-day pause in tariff escalation.

However, market sentiment remained on edge after survey data out of China on Monday suggested that China’s manufacturing activity in December contracted even more than expected.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: spriha srivastava
Keywords: news, cnbc, companies, comments, president, dow, trade, gain, open, 200point, uschina, talks, set, trump, higher, weekend, hopes, worldwidefollowing, xi, futures


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Fox News host Tucker Carlson faces advertiser backlash over immigration comments

Carlson made the comments on Thursday 13 and reinforced them on his show Monday night. “We do not agree with Mr. Carlson’s comments and his opinions are not consistent with the values we hold at Minted. That being said, we are permanently discontinuing advertising on this particular program,” the company said. If our review determines that a certain show’s content doesn’t align with our company values, we take commensurate and appropriate action. Carlson reinforced his comments during his show o


Carlson made the comments on Thursday 13 and reinforced them on his show Monday night. “We do not agree with Mr. Carlson’s comments and his opinions are not consistent with the values we hold at Minted. That being said, we are permanently discontinuing advertising on this particular program,” the company said. If our review determines that a certain show’s content doesn’t align with our company values, we take commensurate and appropriate action. Carlson reinforced his comments during his show o
Fox News host Tucker Carlson faces advertiser backlash over immigration comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: lucy handley
Keywords: news, cnbc, companies, whats, comments, faces, carlsons, company, advertiser, carlson, values, backlash, twitter, program, thats, statement, host, tucker, fox, advertising, immigration


Fox News host Tucker Carlson faces advertiser backlash over immigration comments

Some companies are pulling their advertising from Fox News’ primetime show “Tucker Carlson Tonight,” after the host said he disagreed with “a moral obligation” to let poor people into the U.S., “even if it makes our own country poorer and dirtier and more divided.”

Carlson made the comments on Thursday 13 and reinforced them on his show Monday night.

Online design marketplace Minted tweeted Monday night that it is “permanently discontinuing” advertising on the program. “We do not agree with Mr. Carlson’s comments and his opinions are not consistent with the values we hold at Minted. Like other advertisers, our media purchases are done broadly across a number of networks. That being said, we are permanently discontinuing advertising on this particular program,” the company said.

Personal finance website NerdWallet said in a statement emailed to CNBC that it had “pulled its advertising and will be re-evaluating any ongoing advertising on this program,” after Carlson’s comments last week.

A NerdWallet spokesperson said in a statement emailed to CNBC: “Whenever we receive feedback about advertising on specific programs, we evaluate it on a case-by-case basis. If our review determines that a certain show’s content doesn’t align with our company values, we take commensurate and appropriate action. That’s what we’ve done in this instance.”

Financial services company Pacific Life said in a tweet on Friday that it will “re-evaluate our relationship with his program” and would not be advertising on Carlson’s show in the coming weeks. “As a company, we strongly disagree with Mr. Carlson’s statements. Our customer base and our workforce reflect the diversity of our great nation, something we take great pride in,” it said.

Speaking about the skills needed in the U.S., for a segment titled “What’s the economic case for mass immigration?” Carlson said Thursday: “It’s obvious that we need more scientists and skilled engineers, but that’s not what we’re getting.”

“Instead we’re getting waves of people with high school educations or less. Nice people, no one doubts that, but as an economic matter this is insane. It’s indefensible, so nobody even tries to defend it. Instead our leaders demand that you shut up and accept this. We have a moral obligation to admit the world’s poor, they tell us, even if it makes our own country poorer and dirtier and more divided.”

Carlson reinforced his comments during his show on Monday night, and posted video clips on Twitter. “Enforcers scream ‘racist’ on Twitter, until everybody gets intimidated and changes the subject to the Russia investigation or some other distraction. It’s a tactic, a well-worn one, nobody thinks it’s real. And it won’t work with this show. We’re not intimidated and we plan to try to say what’s true until the last day,” he said in one clip.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: lucy handley
Keywords: news, cnbc, companies, whats, comments, faces, carlsons, company, advertiser, carlson, values, backlash, twitter, program, thats, statement, host, tucker, fox, advertising, immigration


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Trump’s description of the China trade deal doesn’t match the official White House version

“The results of the discussions in Buenos Aires are positive, but contrary to President Trump’s enthusiastic comments, did not result in a breakthrough.” The president’s broad conclusions about the trade agreement also didn’t mesh with Chinese state media’s more measured descriptions. The White House did not immediately respond to a CNBC request for comment overnight. Political watchers were quick to highlight the contrast between Trump’s lofty proclamations and the official statement from the W


“The results of the discussions in Buenos Aires are positive, but contrary to President Trump’s enthusiastic comments, did not result in a breakthrough.” The president’s broad conclusions about the trade agreement also didn’t mesh with Chinese state media’s more measured descriptions. The White House did not immediately respond to a CNBC request for comment overnight. Political watchers were quick to highlight the contrast between Trump’s lofty proclamations and the official statement from the W
Trump’s description of the China trade deal doesn’t match the official White House version Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: nyshka chandran, thomas peter, -david adelman, former us ambassador to singapore
Keywords: news, cnbc, companies, house, trade, white, oba, doesnt, comments, statement, version, state, match, cyber, official, deal, trumps, description


Trump's description of the China trade deal doesn't match the official White House version

“The results of the discussions in Buenos Aires are positive, but contrary to President Trump’s enthusiastic comments, did not result in a breakthrough.”

In a statement, the White House press secretary said Beijing will agree to purchase “a not yet agreed upon, but very substantial” amount of U.S. agricultural, energy, industrial and other products in order “to reduce the trade imbalance between our two countries.”

During the talks at the G-20 meeting, the two superpowers agreed to delay additional taxes on each other’s goods for the next 90 days — during which time they will try to overcome difficult differences including “forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft.”

The president’s broad conclusions about the trade agreement also didn’t mesh with Chinese state media’s more measured descriptions.

The White House did not immediately respond to a CNBC request for comment overnight.

Political watchers were quick to highlight the contrast between Trump’s lofty proclamations and the official statement from the White House.

Trump’s comments “show his number one priority is the appearance of being a great dealmaker,” said Mintaro Oba, a former U.S. State Department official who specialized in the Koreas during the Obama administration. “It doesn’t matter to him what the details are, as long as he looks strong to his supporters.”

“When it comes to anything associated with him, especially deals, things can’t just be good, they have to be best,” Oba continued.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: nyshka chandran, thomas peter, -david adelman, former us ambassador to singapore
Keywords: news, cnbc, companies, house, trade, white, oba, doesnt, comments, statement, version, state, match, cyber, official, deal, trumps, description


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Treasury yields lower amid dovish Fed comments; G-20 summit in focus

U.S. government debt yields fell on Friday as world leaders convened at a Group of 20 summit in Buenos Aires and investors adjusted portfolios after dovish comments from Federal Reserve officials earlier in the week. The G-20 meeting in Argentina was in focus on the week’s final day of trading as investors around the globe awaited a dinner between President Donald Trump and China President Xi Jinping. As of the latest reading, the yield on the benchmark 10-year Treasury note dipped to around 3.0


U.S. government debt yields fell on Friday as world leaders convened at a Group of 20 summit in Buenos Aires and investors adjusted portfolios after dovish comments from Federal Reserve officials earlier in the week. The G-20 meeting in Argentina was in focus on the week’s final day of trading as investors around the globe awaited a dinner between President Donald Trump and China President Xi Jinping. As of the latest reading, the yield on the benchmark 10-year Treasury note dipped to around 3.0
Treasury yields lower amid dovish Fed comments; G-20 summit in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: thomas franck, saul loeb, afp, getty images
Keywords: news, cnbc, companies, summit, trade, trumps, dovish, amid, lower, trump, comments, treasury, federal, yield, g20, recent, xi, focus, president, yields, fed


Treasury yields lower amid dovish Fed comments; G-20 summit in focus

U.S. government debt yields fell on Friday as world leaders convened at a Group of 20 summit in Buenos Aires and investors adjusted portfolios after dovish comments from Federal Reserve officials earlier in the week.

The G-20 meeting in Argentina was in focus on the week’s final day of trading as investors around the globe awaited a dinner between President Donald Trump and China President Xi Jinping. A growing trade dispute between the globe’s two largest economies has been one of many factors roiling fixed-income and equity markets over the past year.

As of the latest reading, the yield on the benchmark 10-year Treasury note dipped to around 3.013 percent, while the yield on the 30-year Treasury bond fell to 3.306 percent. The 2-year Treasury yield, meanwhile, held steady around 2.813 percent. Bond yields move inversely to prices.

While hopes are high that Washington and Beijing can broker a truce, U.S. complaints over intellectual property theft and a yawning trade deficit have not appeared to deter a Chinese government often involved in the country’s largest businesses on a granular level.

Investor angst also rose after CNBC reported that White House trade advisor and China trade hawk Peter Navarro will attend the sit-down between Trump and Xi. Navarro, a proponent of the Trump administration’s use of tariffs said earlier this month that any agreement between the two countries will be on Trump’s terms and not subject to Wall Street influence.

“I have no idea what to expect this weekend, frankly. It’s in both Trump’s and Xi’s interest to come up with a deal, but Trump will want a deal he’ll be happy with,” said Arthur Bass, managing director of fixed income financing, futures, and rates at Wedbush Securities. “If we do get an agreement, you could see a sigh of relief in equities, but it’s uncertain what fixed income does with all the comments from the Fed this week.”

Yields have dipped in recent days amid more dovish commentary from the Fed officials. Chairman Jerome Powell, Vice Chair Richard Clarida and minutes from the Federal Open Market Committee’s most recent meeting all suggested greater uncertainty around maintaining quarterly hikes to the federal funds rate.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: thomas franck, saul loeb, afp, getty images
Keywords: news, cnbc, companies, summit, trade, trumps, dovish, amid, lower, trump, comments, treasury, federal, yield, g20, recent, xi, focus, president, yields, fed


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