The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education

Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no abili


Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no abili
The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: kate fazzini
Keywords: news, cnbc, companies, key, keys, encryption, head, way, challenge, biggest, exchange, describes, coinbase, cryptocurrency, information, social, martin, security, education, transactions


The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education

Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe.

“We have the problem of a global cryptocurrency company figuring out how to talk about security, in a way that plays in Japan in San Francisco and in Europe, and across the age divide, in a way that actually resonates to the people we’re talking to,” he said.

Coinbase is one of the largest cryptocurrency trading and payment platforms, most recently valued at around $8 billion, and supports more than a quarter million bitcoin transactions per day.

Financial companies have to deal with encryption as part of the day-to-day security duties. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. But cryptocurrency wallets are different, because encryption plays such a fundamental role. This is new to a lot of consumers working with Bitcoin for the first time, Martin said.

“We deal with long-lived keys that we generate that live for a very long time, that are the direct controller of liquid value,” said Martin, who previously served as an information security lead at Palantir Technologies and in U.S. Army counterintelligence.

“Possession of a key is possession of your currency. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no ability to get [the value] back.”

This makes the stakes of theft of encrypted data more severe, than, say, the theft of encrypted social security data at a financial institutions, he explained. “The consequences of loss are much higher.” It also means attackers are much more aggressive about gaining access to that encryption, he said.

Those high consequences mean Coinbase’s security organization must help contribute to a broad communication plan to customers, that helps explain clearly how to handle their keys, passwords and other important information for securing their accounts.

For those new to cryptocurrency, “a lot of work is going to how do I interact with the ecosystem? How do I act differently here than if I am protecting my social media account?” he said.

Traditional banks have an advantage, he added, in that “transactions in the traditional fiat system are reversible,” whereas transactions via blockchain are by and large irrevocable. Banks might have more problems with wire fraud involving CEO impersonation, but cryptocurrency users are often subject to cold-call “tech support” scams, he said, in which a criminal calls a customer to convince them to give up valuable security information, starting with “I’m here to help you with your coinbase account problem.”


Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: kate fazzini
Keywords: news, cnbc, companies, key, keys, encryption, head, way, challenge, biggest, exchange, describes, coinbase, cryptocurrency, information, social, martin, security, education, transactions


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Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansion

Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio. Singer’s comments came about an hour after Aurora announced it has appointed Peltz as a strategic advisor to the company. Peltz’s deep knowledge of the consumer goods industry will likely prove invaluable at Aurora. “We see a number of potential growth areas, certa


Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio. Singer’s comments came about an hour after Aurora announced it has appointed Peltz as a strategic advisor to the company. Peltz’s deep knowledge of the consumer goods industry will likely prove invaluable at Aurora. “We see a number of potential growth areas, certa
Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: thomas franck
Keywords: news, cnbc, companies, singer, peltz, expansion, strategic, describes, partnership, consumer, goods, market, stake, plans, aurora, potential, chairman, works, cannabis, nelson, companies


Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansion

Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio.

“He may have a reputation as the hedge fund activist, but I can tell you our diligence in the numerous face-to-face meetings convinced us that Nelson is someone who proactively works with companies to maximize value for stakeholders,” Singer said Wednesday morning on “Squawk Box.”

Singer’s comments came about an hour after Aurora announced it has appointed Peltz as a strategic advisor to the company. Aurora said in a release that the Trian Partners co-founder and CEO will “work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora’s contemplated market segments.”

Aurora shares spiked 15 percent in early trading Wednesday and are up 84 percent in 2019.

Peltz’s deep knowledge of the consumer goods industry will likely prove invaluable at Aurora. The billionaire investor has invested in home goods and food companies for decades. His current investments including a $3.6 billion stake in Procter & Gamble, an $884 million stake in packaged foods giant Mondelez and a longtime, $471 million investment in Wendy’s.

Trian until 2016 held shares in PepsiCo, where new CEO Ramon Laguarta has prioritized accelerating organic revenue growth and managing costs. For investors in slow-and-steady companies like PepsiCo and Procter & Gamble, an opportunity to kindle a relationship with millennial customers and high-growth industries like cannabis aren’t easily overlooked.

“We see a number of potential growth areas, certainly consumer packaged goods,” Singer added. “The beverage industry, cosmetics, wellness; we see pharmaceuticals now starting to show interest in our space. There are a number of what we call market segments that we expect to operate in with one or many of these potential partners.”

Asked by Andrew Ross Sorkin whether Peltz’s current or prior relationships with the U.S. consumer goods market played a role in the company’s decisions to team up, Singer said, “We don’t see it that way.”

“We took a very differentiation approach to – I wanted to proceed carefully, thoughtfully and with a focused approach with regards to partnering,” he said. “We’ve identified a model that potentially includes multiple partners, increasing the complexity of the discussion.”


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: thomas franck
Keywords: news, cnbc, companies, singer, peltz, expansion, strategic, describes, partnership, consumer, goods, market, stake, plans, aurora, potential, chairman, works, cannabis, nelson, companies


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Warren Buffett describes a great ‘American Tailwind’ in annual letter — here are the highlights

The most widely anticipated shareholder letter on Wall Street was released on Saturday. Warren Buffett discussed many topics including Wall Street’s obsession with quarterly results, Berkshire Hathaway’s $112 billion cash pile and what he wants to do with it, his first stock purchase, the dangers of too much debt, and what he sees as the biggest risks ahead. The “Oracle of Omaha” also gave a touching tribute to what he described as the “American Tailwind.” “It is beyond arrogance for American bu


The most widely anticipated shareholder letter on Wall Street was released on Saturday. Warren Buffett discussed many topics including Wall Street’s obsession with quarterly results, Berkshire Hathaway’s $112 billion cash pile and what he wants to do with it, his first stock purchase, the dangers of too much debt, and what he sees as the biggest risks ahead. The “Oracle of Omaha” also gave a touching tribute to what he described as the “American Tailwind.” “It is beyond arrogance for American bu
Warren Buffett describes a great ‘American Tailwind’ in annual letter — here are the highlights Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-23  Authors: john melloy, david a grogan
Keywords: news, cnbc, companies, annual, buffett, american, letter, warren, describes, touching, tribute, highlights, great, topics, wants, writes, wall, tailwind, widely, berkshire


Warren Buffett describes a great 'American Tailwind' in annual letter — here are the highlights

The most widely anticipated shareholder letter on Wall Street was released on Saturday.

Warren Buffett discussed many topics including Wall Street’s obsession with quarterly results, Berkshire Hathaway’s $112 billion cash pile and what he wants to do with it, his first stock purchase, the dangers of too much debt, and what he sees as the biggest risks ahead.

The “Oracle of Omaha” also gave a touching tribute to what he described as the “American Tailwind.”

“It is beyond arrogance for American businesses or individuals to boast that they have ‘done it alone,'” Buffett writes in tribute to America and its military personnel.

Here are the highlights from the chairman and CEO of Berkshire Hathaway:


Company: cnbc, Activity: cnbc, Date: 2019-02-23  Authors: john melloy, david a grogan
Keywords: news, cnbc, companies, annual, buffett, american, letter, warren, describes, touching, tribute, highlights, great, topics, wants, writes, wall, tailwind, widely, berkshire


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MoviePass product manager quits in company-wide email, describes a ‘perilous work environment’

He continued, “It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.” The now former employee also stressed the importance of reinstating a “functional and qualified HR department” at the company. “When leadership decided to fire our only qualified HR employees, they sent a very clear message that they care very little about employee safety and security. There currentl


He continued, “It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.” The now former employee also stressed the importance of reinstating a “functional and qualified HR department” at the company. “When leadership decided to fire our only qualified HR employees, they sent a very clear message that they care very little about employee safety and security. There currentl
MoviePass product manager quits in company-wide email, describes a ‘perilous work environment’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: abigail hess, mike segar, reuters pictures, dave kotinsky getty images
Keywords: news, cnbc, companies, email, companywide, company, qualified, environment, safety, working, quits, product, moviepass, employees, message, leadership, incredibly, perilous, manager, wrote, describes, work


MoviePass product manager quits in company-wide email, describes a 'perilous work environment'

“Leadership chose their own personal friendships over the reputation of the company and the safety of MoviePass employees who have been working so hard to improve the position of our company every single day,” wrote Jeng.

In the letter, he also referenced an image posted on Instagram that shows Ellis and several MoviePass and Helios executives lounging on a yacht in Miami together during an event that Khalid Itum, EVP of MoviePass, allegedly described as a “business” event.

Jeng said that the post “was not only completely thoughtless, but also incredibly tone deaf. Our employees are working late hours, sometimes until 1 a.m. and on holidays to build, develop and release new MoviePass features and products, while fearful of the financial future and stability of the company.”

He continued, “It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.”

The now former employee also stressed the importance of reinstating a “functional and qualified HR department” at the company.

“When leadership decided to fire our only qualified HR employees, they sent a very clear message that they care very little about employee safety and security. There currently is no effective outlet for employees to discuss issues about their comfort and safety in the workplace,” he wrote. “It is clear to me that our work environment has become simply too dangerous and toxic, and that we as employees cannot depend on Ted, Mitch and Khalid.”

CNBC Make It reached out to Jeng and MoviePass for comment but did not immediately receive a response.

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Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: abigail hess, mike segar, reuters pictures, dave kotinsky getty images
Keywords: news, cnbc, companies, email, companywide, company, qualified, environment, safety, working, quits, product, moviepass, employees, message, leadership, incredibly, perilous, manager, wrote, describes, work


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Trader poll: What car model best describes stock markets right now?

Global stock markets remain rattled by uncertainty stemming from the ongoing U.S.-China trade war, with reports suggesting that tensions could rise again as Washington contemplates imposing more tariffs on Beijing. The uncertainty on the trade front comes as the global economy continues to grow overall, with the U.S. Federal Reserve and other central banks expected to tighten monetary policy as they move out of quantitative easing. It could lead to a “liquidity squeeze” in some emerging markets,


Global stock markets remain rattled by uncertainty stemming from the ongoing U.S.-China trade war, with reports suggesting that tensions could rise again as Washington contemplates imposing more tariffs on Beijing. The uncertainty on the trade front comes as the global economy continues to grow overall, with the U.S. Federal Reserve and other central banks expected to tighten monetary policy as they move out of quantitative easing. It could lead to a “liquidity squeeze” in some emerging markets,
Trader poll: What car model best describes stock markets right now? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-17  Authors: eustance huang
Keywords: news, cnbc, companies, model, right, trader, global, emerging, warnedthe, wider, washington, stock, poll, markets, uncertainty, describes, best, weakest, trade, car, liquidity


Trader poll: What car model best describes stock markets right now?

Global stock markets remain rattled by uncertainty stemming from the ongoing U.S.-China trade war, with reports suggesting that tensions could rise again as Washington contemplates imposing more tariffs on Beijing.

The uncertainty on the trade front comes as the global economy continues to grow overall, with the U.S. Federal Reserve and other central banks expected to tighten monetary policy as they move out of quantitative easing. It could lead to a “liquidity squeeze” in some emerging markets, an expert has warned.

The concerns over future liquidity also come amid recent economic troubles in Turkey and Argentina, which have led to fears over contagion in the wider emerging market space. Some Asian currencies have been affected, such as the Indonesian rupiah which slid to its weakest level in more than 20 years, and the Indian rupee also took a hit.


Company: cnbc, Activity: cnbc, Date: 2018-09-17  Authors: eustance huang
Keywords: news, cnbc, companies, model, right, trader, global, emerging, warnedthe, wider, washington, stock, poll, markets, uncertainty, describes, best, weakest, trade, car, liquidity


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AMD CEO describes key gaming partnerships with Sony, Microsoft: We’re helping them with their ‘secret sauce’

AMD CEO describes key gaming partnerships with Sony, Microsoft: We’re helping them with their ‘secret sauce’1 Hour AgoJim Cramer discusses Advanced Micro Devices’ meteoric rise with the executive that made it happen, Dr. Lisa Su.


AMD CEO describes key gaming partnerships with Sony, Microsoft: We’re helping them with their ‘secret sauce’1 Hour AgoJim Cramer discusses Advanced Micro Devices’ meteoric rise with the executive that made it happen, Dr. Lisa Su.
AMD CEO describes key gaming partnerships with Sony, Microsoft: We’re helping them with their ‘secret sauce’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-11
Keywords: news, cnbc, companies, sauce, sony, micro, secret, ceo, rise, describes, sauce1, meteoric, su, key, gaming, lisa, microsoft, helping, partnerships


AMD CEO describes key gaming partnerships with Sony, Microsoft: We're helping them with their 'secret sauce'

AMD CEO describes key gaming partnerships with Sony, Microsoft: We’re helping them with their ‘secret sauce’

1 Hour Ago

Jim Cramer discusses Advanced Micro Devices’ meteoric rise with the executive that made it happen, Dr. Lisa Su.


Company: cnbc, Activity: cnbc, Date: 2018-09-11
Keywords: news, cnbc, companies, sauce, sony, micro, secret, ceo, rise, describes, sauce1, meteoric, su, key, gaming, lisa, microsoft, helping, partnerships


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Shonda Rhimes describes her grand Netflix ambitions

Ms. Rhimes, 48, is among the select few television producers whose work has helped define a cultural moment. The producer and director J. J. Abrams, who has known Ms. Rhimes for several years, said she brought something distinctive to network programming. “It would be really amazing to me at some point down the line — not now — if somebody said, ‘There was a Shonda for Shondaland?’” Ms. Rhimes said. Over the next few months, Ms. Rhimes tended her continuing ABC work and scouted material that cou


Ms. Rhimes, 48, is among the select few television producers whose work has helped define a cultural moment. The producer and director J. J. Abrams, who has known Ms. Rhimes for several years, said she brought something distinctive to network programming. “It would be really amazing to me at some point down the line — not now — if somebody said, ‘There was a Shonda for Shondaland?’” Ms. Rhimes said. Over the next few months, Ms. Rhimes tended her continuing ABC work and scouted material that cou
Shonda Rhimes describes her grand Netflix ambitions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-21  Authors: john koblin, presley ann, patrick mcmullan, getty images
Keywords: news, cnbc, companies, netflix, grand, york, abrams, cant, rhimes, ambitions, ms, characters, book, shonda, series, turn, describes


Shonda Rhimes describes her grand Netflix ambitions

Ms. Rhimes, 48, is among the select few television producers whose work has helped define a cultural moment. In the ’80s, there was Steven Bochco, with “Hill Street Blues” and “L.A. Law.” Next came David E. Kelley, of “Ally McBeal” and “The Practice” fame. And then there was Ms. Rhimes, who made her mark during what would turn out to be the last years of appointment television viewing.

The producer and director J. J. Abrams, who has known Ms. Rhimes for several years, said she brought something distinctive to network programming.

“The thing that you can’t deny is her characters are surprising, her characters are vulnerable, her characters are ambitious, her characters are broken, and her characters are involved in situations that are shocking and stressful,” Mr. Abrams said. “She is able to tell real stories in ways that feel relatable.”

Ms. Rhimes said she had two principal goals for her time at Netflix. One is to come up with shows that are more expansive than her ABC fare. The other is to turn Shondaland into an enduring company that will live within Netflix in the same way that Marvel exists inside the Walt Disney Company.

“It would be really amazing to me at some point down the line — not now — if somebody said, ‘There was a Shonda for Shondaland?’” Ms. Rhimes said. “It needs to be bigger than me.”

In the days after signing the deal, she was enthusiastic about the creative freedom Netflix had promised her, but found herself with an immediate problem: She had no idea what she was going to write.

“It wasn’t like I had a treasure trove of ideas in the back of my head that I’d been hiding and saving,” she said. “So the panic overtook me for a while.”

Mr. Abrams had sympathy for his friend’s plight. “You can have all the success in the world, but none of it matters when you’re there alone with the blank computer screen,” he said.

Over the next few months, Ms. Rhimes tended her continuing ABC work and scouted material that could be a fit for Netflix. But she still had no clue about what, exactly, she would throw herself into as a writer-producer.

“In October,” she said, “because of who I am, I was like: ‘Why don’t I have a show yet? I should have a show all written and ready to go. I should have eight episodes all written.’”

Mr. Sarandos reassured her: You just started, take a breath. Colleagues said there was no way Ms. Rhimes could go deep into something new when she still had to wrap up the seventh and final season of “Scandal.”

She flirted with a sci-fi project — “I’m obsessed with that, but it hasn’t cracked yet” — while warding off the well-meaning but irksome questions from people curious about her Netflix plans. After Memorial Day, she escaped the noise of Los Angeles for the quiet of Arizona.

“I was trying to meditate, which I can’t do,” Ms. Rhimes said.

That was when she came upon an article in New York magazine about a fashionable young grifter, Anna Delvey, who swanned about New York with a beautiful crowd — only to end up in Rikers Island on charges of grand larceny.

“I knew exactly what the show was,” Ms. Rhimes said, “which is a very clear indicator.”

She bought the rights to the story, by a New York magazine staff writer, Jessica Pressler, and started writing almost immediately.

“I felt comfortable,” she said. “I slept differently.”

Betsy Beers, Ms. Rhimes’s producing partner since 2002, said she could tell Ms. Rhimes was onto something.

“What I heard was the excitement,” Ms. Beers said. “What I wait for is a tone in her voice — you hear this level of excitement in her voice, where she can’t stop talking about it.”

In addition to the show about the grifter, Ms. Rhimes has seven other series in the works at Netflix, ranging from period dramas to a documentary.

■ An adaptation of a group of lush romance novels set in Regency England — the Bridgerton Series, by Julia Quinn — that the “Scandal” veteran Chris Van Dusen will turn into a dramatic series.

■ A series based on “Reset,” a book by the former tech executive Ellen Pao about sexism in Silicon Valley. Ms. Rhimes said she was likely to write this one.

■ “The Warmth of Other Suns,” the award-winning 2010 nonfiction book by Isabel Wilkerson on the flight of African-Americans from the Jim Crow South to the North and the West. It will be adapted by the actress and playwright Anna Deavere Smith.

■ “Pico & Sepulveda,” a series set in Mexican California during the 1840s.

■ An upstairs-downstairs series called “The Residence,” based on the 2015 nonfiction book of the same title, by Kate Andersen Brower, about the private lives of United States presidents, their families and White House staff.

■ “Sunshine Scouts,” a series that Ms. Rhimes described as a “darkly comic, ironic, twisty show about some foul-mouthed teenage girls who are trapped at the end of the world.” The writer and director Jill Alexander will be in charge of this one.

■ “Hot Chocolate Nutcracker,” a documentary centered on the dancer and choreographer Debbie Allen and her reimagining of the holiday ballet.


Company: cnbc, Activity: cnbc, Date: 2018-07-21  Authors: john koblin, presley ann, patrick mcmullan, getty images
Keywords: news, cnbc, companies, netflix, grand, york, abrams, cant, rhimes, ambitions, ms, characters, book, shonda, series, turn, describes


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New Domino’s Pizza CEO describes ‘fortressing process’ with hotspot initiative

Domino’s Pizza’s new initiative of delivering food to unconventional locations like beaches or parks curbs the need for industry innovations like Zume Inc.’s ovens on wheels, Domino’s new CEO, Richard Allison, told CNBC on Thursday. The initiative, called Domino’s Hotspots, lets customers order food to places without traditional addresses. Domino’s franchisees have now defined some 200,000 total hotspots in their communities since the push was announced earlier this year. “Through this fortressi


Domino’s Pizza’s new initiative of delivering food to unconventional locations like beaches or parks curbs the need for industry innovations like Zume Inc.’s ovens on wheels, Domino’s new CEO, Richard Allison, told CNBC on Thursday. The initiative, called Domino’s Hotspots, lets customers order food to places without traditional addresses. Domino’s franchisees have now defined some 200,000 total hotspots in their communities since the push was announced earlier this year. “Through this fortressi
New Domino’s Pizza CEO describes ‘fortressing process’ with hotspot initiative Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-19  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, allison, hotspot, told, ceo, franchisees, process, customers, really, hotspots, dominos, initiative, describes, great, pizza, fortressing


New Domino's Pizza CEO describes 'fortressing process' with hotspot initiative

Domino’s Pizza’s new initiative of delivering food to unconventional locations like beaches or parks curbs the need for industry innovations like Zume Inc.’s ovens on wheels, Domino’s new CEO, Richard Allison, told CNBC on Thursday.

The initiative, called Domino’s Hotspots, lets customers order food to places without traditional addresses. Domino’s franchisees have now defined some 200,000 total hotspots in their communities since the push was announced earlier this year.

“Through this fortressing process, we’re bringing these delivery areas tighter and closer together,” Allison told “Mad Money” host Jim Cramer in an exclusive interview. “What that’s doing is getting us closer to the customer, so as soon as that pizza comes out of the oven, we want it in a car, with a driver and on its way to the customer.”

While Domino’s, which reported a slight second-quarter earnings miss on Thursday, is planning a more concerted roll-out of the hotspots program in the third quarter, the response has already been overwhelming, the CEO said.

“Our franchisees have really embraced this, Jim. It’s been a lot of fun,” Allison said. “And customers have really embraced this. We’ve gotten a lot of excitement around it.”

Long known as a growth-focused pizza chain, Domino’s domestic same-store sales, a key metric among restaurant operators, grew 6.9 percent in the second quarter.

While shares of Domino’s ended Thursday’s trading session down 2.44 percent, the stock has gained 50 percent since the start of 2018 as Domino’s took market share from competitors Papa John’s and Pizza Hut.

But Allison, also president of Domino’s, was tight-lipped about the controversy swirling at Papa John’s, a key Domino’s rival.

“There’s some noise going on in the industry, but we’re really focused on our customers and our franchisees,” he told Cramer on Thursday. “And I think if we can continue to deliver great value, great food, to our customers and can continue to support great cash-on-cash returns with our franchisees, I think we can continue to gain market share and we’re fairly agnostic as to where that comes from.”

Thursday marked Allison’s first earnings report as CEO of the international pizza powerhouse. He succeeds Patrick Doyle, who led a turnaround at Domino’s and held the CEO position for seven years.


Company: cnbc, Activity: cnbc, Date: 2018-07-19  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, allison, hotspot, told, ceo, franchisees, process, customers, really, hotspots, dominos, initiative, describes, great, pizza, fortressing


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Greece’s opposition lawmakers angry after the EU describes its debt commitments as ‘not rigid’

Greece’s opposition party, New Democracy, is angry after the European Commission made comments that its leaders believe could potentially help the current government in an upcoming general election. It is a critical time for Greece, given that it is set to end its third bailout program in August. Thus, comments Tuesday from Pierre Moscovici, the European commissioner for economic affairs, that “commitments must be honored but they are not rigid” were not well received by the Greek opposition. If


Greece’s opposition party, New Democracy, is angry after the European Commission made comments that its leaders believe could potentially help the current government in an upcoming general election. It is a critical time for Greece, given that it is set to end its third bailout program in August. Thus, comments Tuesday from Pierre Moscovici, the European commissioner for economic affairs, that “commitments must be honored but they are not rigid” were not well received by the Greek opposition. If
Greece’s opposition lawmakers angry after the EU describes its debt commitments as ‘not rigid’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-05  Authors: silvia amaro, nurphoto
Keywords: news, cnbc, companies, eu, financial, greek, european, measures, lawmakers, opposition, describes, greece, party, debt, angry, bailout, rigid, program, greeces, creditors, commitments


Greece's opposition lawmakers angry after the EU describes its debt commitments as 'not rigid'

Greece’s opposition party, New Democracy, is angry after the European Commission made comments that its leaders believe could potentially help the current government in an upcoming general election.

It is a critical time for Greece, given that it is set to end its third bailout program in August. The future of the country after the program ends is becoming a more contentious issue by the day — not only because the exit date, August 20, is fast-approaching, but mostly because there is an election due at some point before October 2019 and the coming months will be critical to attract voters.

Thus, comments Tuesday from Pierre Moscovici, the European commissioner for economic affairs, that “commitments must be honored but they are not rigid” were not well received by the Greek opposition. His remarks referred to planned pension cuts due next January and suggested that the Syriza party government could potentially soften them, even though these measures have already been legislated.

Such a message could be seen as supportive for Prime Minister Alexis Tsipras as he can then argue that the third bailout was a success — unlike previous ones — and that he is now in a position where his government can even reverse some of the austerity cuts.

“In just six months from now, Greek pensioners and taxpayers will pay a 5.1 billion euro ($5.9 billion) bill that the Syriza government has agreed to with Commissioner Moscovici and our creditors. On top of 14.5 billion euros in austerity measures already signed and delivered (by the Greek government),” a source close to opposition leader Kyriakos Mitsotakis, who didn’t want to be named, told CNBC via email.

“If this was not enough, primary surplus targets of 3.5 percent of GDP until 2022 and 2.2 percent on average until 2060, as well as quarterly reviews of the Greek economy — (this is) exceptionally heavy supervision! This is clearly not a clean exit, no matter what you call it,” the source said.

The view from within the center-right New Democracy party is that Greece will still be under the supervision of European creditors and will be forced to comply with established financial commitments.

Greece promised European creditors that it would reach certain financial targets including a primary budget surplus of 3.5 percent in the next 4 years and of 2.2 percent in the 37 years after that. If Greece doesn’t achieve these goals then some of the debt relief it received under the bailout program might no longer materialize in the future.

Speaking in parliament Thursday, Tsipras said the center-right leader Mitsotakis was only upset with Moscovici’s omments because there was no fourth bailout program that could damage the government’s reputation.

The head of the euro zone’s emergency bailout fund, Klaus Regling, warned that markets and investors will be watching Greece closely, and any deviations from the policies that Athens has committed to might bring about further financial problems.

“Greece has committed itself to continue on a reform path. Otherwise, some of the recently approved debt relief measures could be rendered useless,” Regling said told German newspaper Handelsblatt.


Company: cnbc, Activity: cnbc, Date: 2018-07-05  Authors: silvia amaro, nurphoto
Keywords: news, cnbc, companies, eu, financial, greek, european, measures, lawmakers, opposition, describes, greece, party, debt, angry, bailout, rigid, program, greeces, creditors, commitments


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Trump, again and again, describes a world detached from reality

At 6 a.m., Trump sought to contrast his immigration policies with Germany’s, tweeting crime “is way up” there. Two hours later, in the wake of a Justice Department report criticizing former FBI director James Comey, Trump called special counsel Robert Mueller “Comey’s best friend.” To make his economic stewardship sound more impressive, Trump said he has cut more regulation than the US president who served 16 years. No US president has served 16 years. “The whole world is looking up to the U.S.,


At 6 a.m., Trump sought to contrast his immigration policies with Germany’s, tweeting crime “is way up” there. Two hours later, in the wake of a Justice Department report criticizing former FBI director James Comey, Trump called special counsel Robert Mueller “Comey’s best friend.” To make his economic stewardship sound more impressive, Trump said he has cut more regulation than the US president who served 16 years. No US president has served 16 years. “The whole world is looking up to the U.S.,
Trump, again and again, describes a world detached from reality Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-22  Authors: john harwood, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, world, 16, served, trump, reality, worldwide, crime, weaker, describes, way, president, detached, yearsthe


Trump, again and again, describes a world detached from reality

At 6 a.m., Trump sought to contrast his immigration policies with Germany’s, tweeting crime “is way up” there. German government data show crime at a 25-year-low.

Two hours later, in the wake of a Justice Department report criticizing former FBI director James Comey, Trump called special counsel Robert Mueller “Comey’s best friend.” No evidence suggests that is true.

To make his economic stewardship sound more impressive, Trump said he has cut more regulation than the US president who served 16 years. No US president has served 16 years.

“The whole world is looking up to the U.S.,” he declared, making the country “respected again.” Gallup reports that the worldwide image of U.S. leadership is weaker than at any point under presidents George W. Bush or Barack Obama.


Company: cnbc, Activity: cnbc, Date: 2018-06-22  Authors: john harwood, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, world, 16, served, trump, reality, worldwide, crime, weaker, describes, way, president, detached, yearsthe


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