Brexit: Boris Johnson set for showdown in historic day for UK politics

Prime Minister of the United Kingdom (UK) Boris Johnson gives a press conference at European Parliament on October 17, 2019 in Brussels, Belgium. It is the greatest single restoration of national sovereignty in parliamentary history,” the prime minister added. By proxy, this would activate the “Benn Act” forcing the prime minister to request an extension to the October 31 deadline. What Johnson needsThe prime minister needs roughly 318 votes to pass the motion, but there are only 288 Conservativ


Prime Minister of the United Kingdom (UK) Boris Johnson gives a press conference at European Parliament on October 17, 2019 in Brussels, Belgium.
It is the greatest single restoration of national sovereignty in parliamentary history,” the prime minister added.
By proxy, this would activate the “Benn Act” forcing the prime minister to request an extension to the October 31 deadline.
What Johnson needsThe prime minister needs roughly 318 votes to pass the motion, but there are only 288 Conservativ
Brexit: Boris Johnson set for showdown in historic day for UK politics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: david reid, sam meredith
Keywords: news, cnbc, companies, party, prime, historic, boris, mps, lawmakers, politics, showdown, set, johnson, brexit, deal, day, vote, minister


Brexit: Boris Johnson set for showdown in historic day for UK politics

Prime Minister of the United Kingdom (UK) Boris Johnson gives a press conference at European Parliament on October 17, 2019 in Brussels, Belgium. Jean Catuffe | Getty Images News | Getty Images

LONDON — After Theresa May’s three failed attempts to win over lawmakers, current U.K. leader Boris Johnson will put his own Brexit deal to the test during a historic Saturday sitting of the British Parliament. The House of Commons began sitting from 9.30 a.m. London time and will continue “until any hour,” according to the latest agenda paper. The House is sitting on a Saturday for the first time since 1982, when the U.K. was at war with Argentina. Addressing the House prior to the vote Saturday morning, Johnson said the new deal “allows the UK whole and entire to leave the EU on October 31 in accordance with the referendum whilst simultaneously looking forward to a new partnership based on the closest ties of friendship and cooperation.” “This agreement provides for a real Brexit, taking back control of our borders, laws, money, farming, fisheries and trade. It is the greatest single restoration of national sovereignty in parliamentary history,” the prime minister added.

Aside from key changes in how Northern Ireland is treated, there appears to be little difference from May’s failed deal, but Johnson will be banking that lawmakers, tired of the Brexit deadlock, will switch to support his withdrawal deal. Some reports suggest Johnson has persuaded hardline Brexiteers that by voting for his deal, the government can keep the threat of a no-deal on the table when trade negotiations begin during the Brexit transition period. Responding to Johnson’s opening remarks, main opposition Labour Party leader Jeremy Corbyn said the new deal “risks people’s jobs, rights at work, our environment and our National Health Service.” “We must be honest about what this deal means for our manufacturing industry and people’s jobs. Not only does it reduce access to the market of our biggest trading partner, it leaves us without a customs union which will damage industries all across this country in every one of our constituencies,” Corbyn added. Corbyn also said the new arrangements would inevitably lead to a trade deal with the Trump administration, “forcing the U.K. to diverge from the highest standards and expose our families once again to chlorine-washed chicken and hormone-treated beef.” Johnson will take at least 90 minutes of questions about his talks that led to the agreement between the U.K. and 27 other EU leaders.

Amendments

Amendments to the vote have been made possible by a Commons victory on Thursday which saw remain MPs and opponents to a no-deal Brexit vote in unison. If any amendment is selected by the Speaker of the House John Bercow and approved by lawmakers, it could mean the outcome of Saturday’s vote is altered significantly. One possibility is a stiffening of existing legislation that prevents no deal at all, while another possible vote is on whether a second public referendum is needed to confirm Johnson’s Brexit deal. The most significant of these is the “Letwin amendment” which would withhold approval of the deal until the legislation is in place to enact it. By proxy, this would activate the “Benn Act” forcing the prime minister to request an extension to the October 31 deadline. Meanwhile, Sky News has reported, citing a source from Downing Street, as suggesting the government will sit out the vote on the deal, effectively cancelling it, should the Letwin amendment pass. CNBC has not been independently verify this information. The Letwin amendment is expected to curry favor with MPs who want a deal but do not trust the current government to avoid a no-deal exit by enacting the Benn Act properly. In the afternoon, the government motion is expected to ask lawmakers to approve the deal. The vote is expected to be tight with more “hard Brexit” supporters in his Conservative Party now ready to back Johnson after rejecting May. If MPs (Members of Parliament) do approve the deal unamended on Saturday, the government is expected to table the Withdrawal Agreement Bill as soon as Monday, freeing the U.K. to leave the European Union on October 31. The U.K. then enters into a transition period until the end of 2020. During this time, the EU and U.K. would attempt to resolve future trading terms. Should Johnson lose the vote, U.K. legislation means he has until 11 p.m. London time to send Brussels a letter requesting an extension to the Brexit deadline.

What Johnson needs

The prime minister needs roughly 318 votes to pass the motion, but there are only 288 Conservative Party MPs. On these calculations, which assumes all Conservatives vote for the deal, Johnson is 30 votes short. His former reliance on 10 votes from the Democratic Unionist Party (DUP) has now evaporated with the Northern Irish party, angry at the deal struck with Europe, now vowing to oppose the government. Further opposition can be expected from the Scottish National Party (SNP), Plaid Cymru (Welsh national party), Liberal Democrats, one Green Party MP and of course, the main rump of the opposition Labour Party. But all is not lost for Johnson and there are three sources he can plunder for support: Conservative rebels who the prime minister previously sacked, but haven’t yet defected to another party.

Labour lawmakers whose constituencies voted heavily to leave in the 2016 referendum.

A small number of MPs sitting as independents. Some pro-deal Labour MPs have already confirmed they will defy their party to vote with Johnson while, conversely, some rebel Conservative lawmakers are set to reject Johnson’s proposal.

Now watch: Scottish lawmaker says Johnson should be “taken out of office”


Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: david reid, sam meredith
Keywords: news, cnbc, companies, party, prime, historic, boris, mps, lawmakers, politics, showdown, set, johnson, brexit, deal, day, vote, minister


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Alibaba’s Jack Ma spent 10 years preparing for his retirement

When Alibaba’s founder Jack Ma retired from the company last month, it was not a decision he took lightly. Speaking at the Forbes Global CEO Conference on Tuesday, Ma said he was first awoken to the idea of retiring in 2004, when a venture capitalist told him he wasn’t “qualified as CEO.” But it was in 2009, when the company hit its 10 year anniversary, that his succession planning began in earnest. “That day I started to think I should prepare for my retirement,” Ma told audiences in Singapore.


When Alibaba’s founder Jack Ma retired from the company last month, it was not a decision he took lightly.
Speaking at the Forbes Global CEO Conference on Tuesday, Ma said he was first awoken to the idea of retiring in 2004, when a venture capitalist told him he wasn’t “qualified as CEO.”
But it was in 2009, when the company hit its 10 year anniversary, that his succession planning began in earnest.
“That day I started to think I should prepare for my retirement,” Ma told audiences in Singapore.
Alibaba’s Jack Ma spent 10 years preparing for his retirement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: karen gilchrist
Keywords: news, cnbc, companies, spent, preparing, jack, company, venture, day, wasnt, ceo, retirement, alibabas, took, anniversary, told


Alibaba's Jack Ma spent 10 years preparing for his retirement

When Alibaba’s founder Jack Ma retired from the company last month, it was not a decision he took lightly.

The 55-year-old announced in September 2018 that he would step down as executive chairman in 12 months’ time, bringing an end to his 20 years at the helm of the tech giant. But, he recently revealed, it was a plan he’d had in mind for more than a decade.

Speaking at the Forbes Global CEO Conference on Tuesday, Ma said he was first awoken to the idea of retiring in 2004, when a venture capitalist told him he wasn’t “qualified as CEO.” But it was in 2009, when the company hit its 10 year anniversary, that his succession planning began in earnest.

“That day I started to think I should prepare for my retirement,” Ma told audiences in Singapore.

“That day I decided my 20 year anniversary, the year 2019, September 10, will be the day I’ll leave,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: karen gilchrist
Keywords: news, cnbc, companies, spent, preparing, jack, company, venture, day, wasnt, ceo, retirement, alibabas, took, anniversary, told


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Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.” “We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect


Citi upgraded Altria and said it thinks cigarette volumes will “improve.”
“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook.
However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes.
The stock is below our target and we think it no longer looks expensive relative to overseas peers.
Unfortunately we expect
Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


Here are the biggest analyst calls of the day: Macy's, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.”

“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect the short-term newsflow (on FDA regulation and earnings) to be difficult.”


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


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Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.” “We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect


Citi upgraded Altria and said it thinks cigarette volumes will “improve.”
“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook.
However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes.
The stock is below our target and we think it no longer looks expensive relative to overseas peers.
Unfortunately we expect
Here are the biggest analyst calls of the day: Macy’s, Chipotle, Beyond Meat, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


Here are the biggest analyst calls of the day: Macy's, Chipotle, Beyond Meat, Caterpillar & more

Citi upgraded Altria and said it thinks cigarette volumes will “improve.”

“We have been negative as we thought the rate of cigarette declines cast doubt on the long-term outlook. However, we now expect less bad volumes next year as we think (1) e-vapor usage will fall due to the negative publicity around vaping and the imminent flavor ban, and (2) this will help cigarettes. The stock is below our target and we think it no longer looks expensive relative to overseas peers. Unfortunately we expect the short-term newsflow (on FDA regulation and earnings) to be difficult.”


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: michael bloom
Keywords: news, cnbc, companies, calls, unfortunately, thought, cigarette, expect, usage, negative, analyst, meat, volumes, upgraded, day, macys, vaping, biggest, think, chipotle, caterpillar


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Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. Brendan McDermid | REUTERS


Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.
Brendan McDermid | REUTERS
Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.

Brendan McDermid | REUTERS


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


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Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. Brendan McDermid | REUTERS


Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.
Brendan McDermid | REUTERS
Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


Here are the biggest analyst calls of the day: Apple, Netflix, Monster, Eli Lilly & more

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.

Brendan McDermid | REUTERS


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael bloom
Keywords: news, cnbc, companies, eli, media, tim, mcdermid, apple, valley, lilly, biggest, analyst, ceo, conference, cook, calls, attends, idaho, day, monster, netflix


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Alibaba Group thwarts 300 million hack attempts per day, founder Jack Ma says

Chinese technology giant Alibaba Group is the target of some 300 million attempted cyber attacks per day, according to the company’s founder and former executive chairman, Jack Ma. “For Alibaba Group, we have over 300 million hacking attempts per day. We don’t have even one problem,” Ma said at the Forbes Global CEO Conference in Singapore on Tuesday. By way of contrast, embattled Chinese technology giant Huawei is subject to around 1 million daily cyberattacks, according to its security chief.


Chinese technology giant Alibaba Group is the target of some 300 million attempted cyber attacks per day, according to the company’s founder and former executive chairman, Jack Ma.
“For Alibaba Group, we have over 300 million hacking attempts per day.
We don’t have even one problem,” Ma said at the Forbes Global CEO Conference in Singapore on Tuesday.
By way of contrast, embattled Chinese technology giant Huawei is subject to around 1 million daily cyberattacks, according to its security chief.

Alibaba Group thwarts 300 million hack attempts per day, founder Jack Ma says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: karen gilchrist
Keywords: news, cnbc, companies, group, billion, technology, alibaba, million, thwarts, founder, hack, attempts, cyber, according, day, chinese, jack, giant


Alibaba Group thwarts 300 million hack attempts per day, founder Jack Ma says

Chinese technology giant Alibaba Group is the target of some 300 million attempted cyber attacks per day, according to the company’s founder and former executive chairman, Jack Ma.

Ma said he was “proud” that despite the tirade of subterfuge, Alipay — the group’s payments arm which reports close to 1 billion users and processes $50 billion worth of transactions per day — has yet to lose “one cent” to hackers.

“For Alibaba Group, we have over 300 million hacking attempts per day. Every day. But we deal (with) it. We don’t have even one problem,” Ma said at the Forbes Global CEO Conference in Singapore on Tuesday.

By way of contrast, embattled Chinese technology giant Huawei is subject to around 1 million daily cyberattacks, according to its security chief. Until now, other technology companies have been less forthcoming in revealing their cyber attack vulnerabilities.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: karen gilchrist
Keywords: news, cnbc, companies, group, billion, technology, alibaba, million, thwarts, founder, hack, attempts, cyber, according, day, chinese, jack, giant


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Here are the biggest analyst calls of the day: Amazon, T-Mobile, Beyond Meat, Dish & more

T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019. Erin Scott | Reuters


T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019.
Erin Scott | Reuters
Here are the biggest analyst calls of the day: Amazon, T-Mobile, Beyond Meat, Dish & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: michael bloom
Keywords: news, cnbc, companies, energy, washington, scott, analyst, biggest, house, calls, meat, testifies, day, subcommittee, legere, dish, john, amazon, hearing, tmobile


Here are the biggest analyst calls of the day: Amazon, T-Mobile, Beyond Meat, Dish & more

T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019.

Erin Scott | Reuters


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: michael bloom
Keywords: news, cnbc, companies, energy, washington, scott, analyst, biggest, house, calls, meat, testifies, day, subcommittee, legere, dish, john, amazon, hearing, tmobile


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Biggest US cities losing hundreds of workers every day, and even more should be fleeing

But insiders know that more people today are discontent living and working in the traditional tech hubs — New York, Seattle, Los Angeles, San Francisco Bay Area and Boston — than ever before. Unfortunately many workers would love to leave the cities behind but need to keep their job. For more on tech, transformation and the future of work, join CNBC at the @ Work: People + Machines Summit in San Francisco on Nov. 4. A recent Gallup poll found that while 80% of Americans live in urban areas, only


But insiders know that more people today are discontent living and working in the traditional tech hubs — New York, Seattle, Los Angeles, San Francisco Bay Area and Boston — than ever before.
Unfortunately many workers would love to leave the cities behind but need to keep their job.
For more on tech, transformation and the future of work, join CNBC at the @ Work: People + Machines Summit in San Francisco on Nov. 4.
A recent Gallup poll found that while 80% of Americans live in urban areas, only
Biggest US cities losing hundreds of workers every day, and even more should be fleeing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: stephane kasriel, ceo of upwork, getty images
Keywords: news, cnbc, companies, live, tech, hundreds, work, way, fleeing, biggest, san, workers, seattle, cities, today, los, francisco, losing, day


Biggest US cities losing hundreds of workers every day, and even more should be fleeing

To outsiders the technology industry is often perceived as a massive wealth-generating engine, where 20-somethings lounge around, munch avocado toast and cash in stock options. But insiders know that more people today are discontent living and working in the traditional tech hubs — New York, Seattle, Los Angeles, San Francisco Bay Area and Boston — than ever before.

Among the reasons? Skyrocketing housing costs, pricey child care, the crowds and relentless traffic. Sometimes the local culture isn’t a fit or they want to be nearer to family.

Unfortunately many workers would love to leave the cities behind but need to keep their job. So they’re effectively anchored to these areas and strapped to their desks.

Although internet-powered communications has enabled workers to perform their duties from any location, the fact is, too many companies still require staff to be based on one of the country’s two coasts.

But it doesn’t have to be this way. In fact, it shouldn’t be this way.

For more on tech, transformation and the future of work, join CNBC at the @ Work: People + Machines Summit in San Francisco on Nov. 4. Leaders from Dropbox, SAS, Uber and more will teach us how to balance the needs of today with the possibilities of tomorrow, and the winning strategies to compete.

Not only has this outmoded way of thinking helped to create an economic imbalance, where vast amounts of wealth are concentrated in a tiny handful of cities, it is also responsible for a fundamental imbalance between where people want to live and where the jobs are located.

A recent Gallup poll found that while 80% of Americans live in urban areas, only 12% said they want to live there. Asked where they would live if they had their choice, the top response was a rural area.

Freelancing in America 2019, a survey commissioned by Upwork and the Freelancers Union, revealed that 7 out of 10 freelancers polled said they would consider moving someplace other than a large city.

And incentives could drive that number even higher, with just under half saying they would be willing to move to a city that offered tax breaks to freelancers.

Industry leaders have indicated they want to increase ties to America’s Heartland, yet there are few signs this is happening in any significant way.

In December The Brookings Institute reported that their study of job creation in key digital segments found “that while employment in tech is growing all over America,” the sector has “continued to concentrate in a shortlist of metros,” such as San Francisco, Seattle and Los Angeles.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: stephane kasriel, ceo of upwork, getty images
Keywords: news, cnbc, companies, live, tech, hundreds, work, way, fleeing, biggest, san, workers, seattle, cities, today, los, francisco, losing, day


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Here are the biggest analyst calls of the day: Amazon, Square, Lowe’s & more

Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters


Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters
Here are the biggest analyst calls of the day: Amazon, Square, Lowe’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: michael bloom
Keywords: news, cnbc, companies, amazon, speaks, gives, president, space, calls, plans, biggest, kilcoyne, washington, jeff, origins, thumbs, analyst, day, square, lowes


Here are the biggest analyst calls of the day: Amazon, Square, Lowe's & more

Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019.

Clodagh Kilcoyne | Reuters


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: michael bloom
Keywords: news, cnbc, companies, amazon, speaks, gives, president, space, calls, plans, biggest, kilcoyne, washington, jeff, origins, thumbs, analyst, day, square, lowes


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