Shake Shack’s Danny Meyer changed the restaurant industry by breaking all the rules. Here’s how

But he admits that being a trailblazer hasn’t always been easy. The suit was quickly dismissed, and no-tipping policies have increased in recent years. “The fact is, most of our customers have said thank you for doing that. [They said], ‘We don’t want to have to calculate tips at the end of the meal. But I’ve never asked or second-guessed the reasons for which we did this, which was to professionalize an industry.”


But he admits that being a trailblazer hasn’t always been easy. The suit was quickly dismissed, and no-tipping policies have increased in recent years. “The fact is, most of our customers have said thank you for doing that. [They said], ‘We don’t want to have to calculate tips at the end of the meal. But I’ve never asked or second-guessed the reasons for which we did this, which was to professionalize an industry.”
Shake Shack’s Danny Meyer changed the restaurant industry by breaking all the rules. Here’s how Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: barbara booth, adam jeffery, david a grogan, -danny meyer, founder, union square hospitality group
Keywords: news, cnbc, companies, shacks, breaking, end, way, wonder, danny, changed, meal, meyer, industry, youre, dont, york, yearsthe, heres, shake, rules, restaurant, easy


Shake Shack's Danny Meyer changed the restaurant industry by breaking all the rules. Here's how

But he admits that being a trailblazer hasn’t always been easy. After Meyer announced in 2016 that he was moving to a gratuity-included business model, about 40 percent of his longtime front-of-house staffers left the company and a lawsuit was filed against him and several other top New York restaurateurs by a diner, alleging that these “restaurant owners are engaged in a sophisticated unlawful conspiracy to put that money into their own pockets” and that their faithful leader is Meyer, who “spearheaded” it all.

The suit was quickly dismissed, and no-tipping policies have increased in recent years.

“The fact is, most of our customers have said thank you for doing that. [They said], ‘We don’t want to have to calculate tips at the end of the meal. We don’t want to have to wonder throughout the entire meal, Are you only being nice to me in hopes that I’ll take out an extra 20 to 25 percent at the end of the meal?'”

He adds, “You’re going to have to be an idiot not to question yourself along the way, because if it was that obvious and that easy, others would have done it already ahead of you. But I’ve never asked or second-guessed the reasons for which we did this, which was to professionalize an industry.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: barbara booth, adam jeffery, david a grogan, -danny meyer, founder, union square hospitality group
Keywords: news, cnbc, companies, shacks, breaking, end, way, wonder, danny, changed, meal, meyer, industry, youre, dont, york, yearsthe, heres, shake, rules, restaurant, easy


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Credit Suisse swings back to profit for the first time since 2014

“Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.” Here are some other details:Assets under management rose 2.1 percent year-on-year. CET 1 ratio stood at 12.6 percent at the end of 2018 versus 13.5 percent at the end of 2017.Credit Suisse completed at the end of last year its three-year restructuring program. Speaking to CNBC after the results, Tidjane Thiam, chief executive officer of Credit Suisse said: “Having clean


“Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.” Here are some other details:Assets under management rose 2.1 percent year-on-year. CET 1 ratio stood at 12.6 percent at the end of 2018 versus 13.5 percent at the end of 2017.Credit Suisse completed at the end of last year its three-year restructuring program. Speaking to CNBC after the results, Tidjane Thiam, chief executive officer of Credit Suisse said: “Having clean
Credit Suisse swings back to profit for the first time since 2014 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro, -tidjane thiam, ceo, credit suisse
Keywords: news, cnbc, companies, total, legacy, grow, end, credit, swings, main, sheet, having, profit, issues, suisse, stay


Credit Suisse swings back to profit for the first time since 2014

“Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.”

Here are some other details:

Assets under management rose 2.1 percent year-on-year.

CET 1 ratio stood at 12.6 percent at the end of 2018 versus 13.5 percent at the end of 2017.

Credit Suisse completed at the end of last year its three-year restructuring program.

Speaking to CNBC after the results, Tidjane Thiam, chief executive officer of Credit Suisse said: “Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.”

Media reports on Thursday suggested that the Swiss bank could scrap bonuses this year, after losing money in a commodity financing deal in the last quarter of 2018.

Thiam told CNBC that although the total of the bonus pool was flat this year, there were fewer employees – meaning that on average people are likely to get a higher compensation.

“On a per capita basis, actually bonuses are up almost everywhere because you have to remember we have fewer people, the total is flat but it actually represents a reasonably strong increase in a per capital basis,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro, -tidjane thiam, ceo, credit suisse
Keywords: news, cnbc, companies, total, legacy, grow, end, credit, swings, main, sheet, having, profit, issues, suisse, stay


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Another wave of retail store closures coming. ‘No light at the end of the tunnel’

Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report. Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. Already thi


Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report. Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. Already thi
Another wave of retail store closures coming. ‘No light at the end of the tunnel’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, robert barnes, getty images
Keywords: news, cnbc, companies, tunnel, retail, announced, expected, closures, group, thing, light, coresight, wave, coming, retailers, store, research, end


Another wave of retail store closures coming. 'No light at the end of the tunnel'

Another wave of store closures is expected to hit shopping centers and malls this year with “no light at the end of the tunnel,” according to a new research report.

Retailers have already announced 2,187 new store closures since Jan. 1, including Gymboree, J.C. Penney, Charlotte Russe and Ann Taylor parent company Ascena Retail, according to Coresight Research. That’s up 23 percent from the number of announcements documented at the same time last year, the market research group said. And there’s “potentially many more on the way due to companies currently in the bankruptcy process and more on the horizon.”

In 2018, Coresight tracked 5,524 store closure announcements in the U.S., which was down more than 30 percent from a record 8,139 closures announced in 2017. David Simon, CEO of the largest mall operator in the U.S., Simon Property Group, recently said the pace of store closures was slowing, but he expected more in 2019, with a handful of private equity-backed retailers on his so-called watch list.

Analysts say the U.S. is still “over-stored,” especially when compared with other countries. As more purchases are happening online, there’s less of a need for so much retail real estate. And the retailers that are still opening new locations are thinking much smaller.

Already this year, Coresight said retailers have announced 1,411 store openings (offsetting about 65 percent of store closures), largely stemming from dollar and discount chains.

Department store chains and specialty apparel retailers, meanwhile, are the two categories within retail still expected to shrink. But not everyone views store closures as bad news.

“You don’t always look at store closures as a negative thing,” said Brandon Famous, senior managing director of the retail advisory group at commercial real estate services firm CBRE. “That doesn’t always dictate consumer sentiment. All the numbers point up,” he added, referring to the industry forecasts for retail sales growth in 2019.

“With any vacant department store, an owner has the opportunity to increase their rent, to reinvigorate or reinvent the space,” Famous said. “In many cases a landlord looks forward to the opportunity of getting that space back. In many cases it will be a positive thing.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: lauren thomas, robert barnes, getty images
Keywords: news, cnbc, companies, tunnel, retail, announced, expected, closures, group, thing, light, coresight, wave, coming, retailers, store, research, end


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Explosion in auto debt threatens consumer finances, advocacy group says

As Americans’ appetite for new cars continues unabated, an advocacy group is sounding the alarm over the growing level of auto debt carried by U.S. consumers. In a report issued Wednesday, U.S. PIRG warns that the continuing rise in auto debt is putting many consumers in a financially vulnerable position, which could worsen during an economic downturn. The report comes on the heels of data released Tuesday by the Federal Reserve Bank of New York showing that at least 7 million Americans were in


As Americans’ appetite for new cars continues unabated, an advocacy group is sounding the alarm over the growing level of auto debt carried by U.S. consumers. In a report issued Wednesday, U.S. PIRG warns that the continuing rise in auto debt is putting many consumers in a financially vulnerable position, which could worsen during an economic downturn. The report comes on the heels of data released Tuesday by the Federal Reserve Bank of New York showing that at least 7 million Americans were in
Explosion in auto debt threatens consumer finances, advocacy group says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: sarah obrien, john w schoen, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, million, finances, worsen, explosion, warns, consumer, threatens, group, americans, advocacy, vulnerable, auto, report, debt, york, end


Explosion in auto debt threatens consumer finances, advocacy group says

As Americans’ appetite for new cars continues unabated, an advocacy group is sounding the alarm over the growing level of auto debt carried by U.S. consumers.

In a report issued Wednesday, U.S. PIRG warns that the continuing rise in auto debt is putting many consumers in a financially vulnerable position, which could worsen during an economic downturn.

The report comes on the heels of data released Tuesday by the Federal Reserve Bank of New York showing that at least 7 million Americans were in serious delinquency on their car loan — 90 or more days behind — at the end of 2018. That’s 1 million more than at the end of 2010.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: sarah obrien, john w schoen, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, million, finances, worsen, explosion, warns, consumer, threatens, group, americans, advocacy, vulnerable, auto, report, debt, york, end


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These sectors perform best after ‘buyback blackout’ periods

That means the so-called “buyback blackout” window will end soon. A “buyback blackout” is a period of several weeks around announcement of quarterly results when companies and their executives refrain from issuing any new share repurchases. What happens in the month after the end of these periods? Over the past 5 years, the Financials, Consumer Discretionary and Healthcare sectors have been top performers, according to a CNBC analysis using Kensho. Each of those sectors have traded higher 100 pe


That means the so-called “buyback blackout” window will end soon. A “buyback blackout” is a period of several weeks around announcement of quarterly results when companies and their executives refrain from issuing any new share repurchases. What happens in the month after the end of these periods? Over the past 5 years, the Financials, Consumer Discretionary and Healthcare sectors have been top performers, according to a CNBC analysis using Kensho. Each of those sectors have traded higher 100 pe
These sectors perform best after ‘buyback blackout’ periods Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, month, window, periods, sectors, way, end, buyback, perform, using, weeks, traded, blackout, best


These sectors perform best after 'buyback blackout' periods

We are about three quarters of the way through Q4 earnings season.

That means the so-called “buyback blackout” window will end soon.

A “buyback blackout” is a period of several weeks around announcement of quarterly results when companies and their executives refrain from issuing any new share repurchases.

What happens in the month after the end of these periods?

Over the past 5 years, the Financials, Consumer Discretionary and Healthcare sectors have been top performers, according to a CNBC analysis using Kensho.

Each of those sectors have traded higher 100 percent of the time. They average around a 5 percent gain in just a month.


Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, month, window, periods, sectors, way, end, buyback, perform, using, weeks, traded, blackout, best


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A giant coalition of companies including Amazon and Apple urges Congress to save ‘Dreamers’

Trump had proposed limited legal protections for “Dreamers” in exchange for money to build his proposed border wall, but Democrats quickly rejected the temporary solution as “inadequate.” Losing DACA workers would cost the economy $350 billion in GDP and $90 billion in tax revenue, the companies said in the letter. “American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay.” Trump agreed on


Trump had proposed limited legal protections for “Dreamers” in exchange for money to build his proposed border wall, but Democrats quickly rejected the temporary solution as “inadequate.” Losing DACA workers would cost the economy $350 billion in GDP and $90 billion in tax revenue, the companies said in the letter. “American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay.” Trump agreed on
A giant coalition of companies including Amazon and Apple urges Congress to save ‘Dreamers’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: yun li, samuel corum, anadolu agency, getty images
Keywords: news, cnbc, companies, billion, dreamers, save, pass, trump, border, apple, coalition, companies, urges, end, wall, temporary, giant, including, congress, sticking, amazon


A giant coalition of companies including Amazon and Apple urges Congress to save 'Dreamers'

“With the re-opening of the federal government and the presumptive restart of immigration and border security negotiations, now is the time for Congress to pass a law to provide Dreamers the certainty they need. These are our friends, neighbors, and coworkers, and they should not have to wait for court cases to be decided to determine their fate when Congress can act now,” they wrote in the letter.

Immigration is one of the biggest sticking points between the parties as the government lurches toward another potential shutdown at the end of this Friday. President Donald Trump has been a big opponent of the Obama-era Deferred Action for Childhood Arrivals program, or DACA, which allows young immigrants who arrived in the U.S. illegally as children to stay and work in the country. Trump had proposed limited legal protections for “Dreamers” in exchange for money to build his proposed border wall, but Democrats quickly rejected the temporary solution as “inadequate.”

Losing DACA workers would cost the economy $350 billion in GDP and $90 billion in tax revenue, the companies said in the letter.

“We have seen time and again that the overwhelming majority of Americans of all political backgrounds agree that we should protect Dreamers from deportation,” the letter said. “American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay.”

Trump agreed on Jan. 25 to end a 35-day government shutdown, the longest such impasse in history, without getting the $5.7 billion he had demanded from Congress for a border wall. Congress has been working on a bill that addresses border security but is still stuck on several key issues. It has until end of day Friday to lock down the sticking points and strike a deal that could avoid another funding lapse, or pass another temporary spending bill.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: yun li, samuel corum, anadolu agency, getty images
Keywords: news, cnbc, companies, billion, dreamers, save, pass, trump, border, apple, coalition, companies, urges, end, wall, temporary, giant, including, congress, sticking, amazon


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Here’s a key way to prevent paying more for your health care than you should

If there’s a mistake, it could be as simple as a routine checkup being improperly coded as an urgent-care visit. Additionally, always make sure you receive an itemized explanation of what you owe instead of a bottom-line amount, Lipezker said. Also, be sure to check your bills against the explanation of benefits sent by your insurance company. The result can be a confusing mess of explanatory paperwork from your insurance company, along with bills from multiple doctors or other providers. “And t


If there’s a mistake, it could be as simple as a routine checkup being improperly coded as an urgent-care visit. Additionally, always make sure you receive an itemized explanation of what you owe instead of a bottom-line amount, Lipezker said. Also, be sure to check your bills against the explanation of benefits sent by your insurance company. The result can be a confusing mess of explanatory paperwork from your insurance company, along with bills from multiple doctors or other providers. “And t
Here’s a key way to prevent paying more for your health care than you should Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: sarah obrien, andre blais, istock, getty images
Keywords: news, cnbc, companies, prevent, health, vacation, way, turn, care, providers, sure, paying, bills, end, heres, tend, insurance, key, company, youre


Here's a key way to prevent paying more for your health care than you should

If there’s a mistake, it could be as simple as a routine checkup being improperly coded as an urgent-care visit. Or, you could be given the generic form of a medicine and yet charged for the brand name, or you might get charged twice for the same service.

Additionally, always make sure you receive an itemized explanation of what you owe instead of a bottom-line amount, Lipezker said. Also, be sure to check your bills against the explanation of benefits sent by your insurance company.

Errors tend to be more prevalent when you end up in the hospital. Due to the variety of doctors who tend to you and tests or procedures ordered, there can be many different individual providers that end up filing a claim with your insurance company.

The result can be a confusing mess of explanatory paperwork from your insurance company, along with bills from multiple doctors or other providers. Hang on to everything, and don’t be shy about seeking help if you need it.

More from Personal Finance:

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The first place to turn is your company. Many firms include advocacy services as a benefit for employees who need help making sense of bills or checking for errors and getting them fixed. If your employer has this perk, take advantage of it. If you’re unsure, ask your human resources department.

There also are specialized advocacy firms you can turn to. They typically review bills for free and take a cut of whatever amount they saved you.

The bottom line is to make sure the amount you’re being asked to pay is accurate, Lipezker said.

“You might be pleasantly surprised to find that it’s correct,” she said. “But many times it’s not.

“And the more you dig in and care about what’s on that bill, the more you’ll be able to understand the next time.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: sarah obrien, andre blais, istock, getty images
Keywords: news, cnbc, companies, prevent, health, vacation, way, turn, care, providers, sure, paying, bills, end, heres, tend, insurance, key, company, youre


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Tesla’s largest institutional investor just cut its stake in half

T. Rowe Price cut its stake in Tesla in half during the fourth quarter, according to a government filing. The international money manager owned 8.98 million Tesla shares by the end of last year, according to a filing at the Securities and Exchange Commission. The Baltimore-based fund group reported in a prior filing that it owned 17.4 million shares, or a 10.2 percent stake, as of Sept. 30. Tesla shares rose almost 26 percent during the fourth quarter and were up 2.7 percent Monday afternoon, ab


T. Rowe Price cut its stake in Tesla in half during the fourth quarter, according to a government filing. The international money manager owned 8.98 million Tesla shares by the end of last year, according to a filing at the Securities and Exchange Commission. The Baltimore-based fund group reported in a prior filing that it owned 17.4 million shares, or a 10.2 percent stake, as of Sept. 30. Tesla shares rose almost 26 percent during the fourth quarter and were up 2.7 percent Monday afternoon, ab
Tesla’s largest institutional investor just cut its stake in half Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: thomas franck, john leyba, the denver post, getty images
Keywords: news, cnbc, companies, tesla, end, quarter, rowe, institutional, largest, investor, price, million, makers, shares, cut, half, stake, owned, teslas


Tesla's largest institutional investor just cut its stake in half

T. Rowe Price cut its stake in Tesla in half during the fourth quarter, according to a government filing.

The international money manager owned 8.98 million Tesla shares by the end of last year, according to a filing at the Securities and Exchange Commission. The new, smaller stake represents 5.2 percent of the electric auto maker’s common shares outstanding at the end of December. The Baltimore-based fund group reported in a prior filing that it owned 17.4 million shares, or a 10.2 percent stake, as of Sept. 30.

T. Rowe Price was the electric car maker’s second-largest shareholder behind CEO Elon Musk at the end of the third quarter of 2018. The firm had $962 billion in assets under management as of Dec. 31.

Tesla shares rose almost 26 percent during the fourth quarter and were up 2.7 percent Monday afternoon, above $314 per share.

T. Rowe Price declined to comment for this story, while Tesla did not immediately responded to CNBC’s request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: thomas franck, john leyba, the denver post, getty images
Keywords: news, cnbc, companies, tesla, end, quarter, rowe, institutional, largest, investor, price, million, makers, shares, cut, half, stake, owned, teslas


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Starbucks ‘unlikely’ to be overtaken in China by Luckin in 2019: CEO

“I think it’s unlikely,” said Johnson when asked if Luckin might overtake Starbucks in China by the end of 2019, pointing to the 18 percent growth in new Chinese stores the company racked up in the fourth quarter. Luckin has said it is targeting a total of more than 4,500 stores in China by the end of 2019, which would take it past Starbucks, which has long dominated the Chinese coffee market and currently has over 3,600 stores in the country. Many Luckin units are much smaller “points of presen


“I think it’s unlikely,” said Johnson when asked if Luckin might overtake Starbucks in China by the end of 2019, pointing to the 18 percent growth in new Chinese stores the company racked up in the fourth quarter. Luckin has said it is targeting a total of more than 4,500 stores in China by the end of 2019, which would take it past Starbucks, which has long dominated the Chinese coffee market and currently has over 3,600 stores in the country. Many Luckin units are much smaller “points of presen
Starbucks ‘unlikely’ to be overtaken in China by Luckin in 2019: CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: gilles sabrie bloomberg, bloomberg, getty images
Keywords: news, cnbc, companies, growth, starbucks, think, end, china, ceo, johnson, luckin, stores, overtaken, chinese, unlikely, company, 2019


Starbucks 'unlikely' to be overtaken in China by Luckin in 2019: CEO

“I think it’s unlikely,” said Johnson when asked if Luckin might overtake Starbucks in China by the end of 2019, pointing to the 18 percent growth in new Chinese stores the company racked up in the fourth quarter.

“Just this last quarter we entered 10 new cities in China,” he said, adding that each of those cites is larger than Los Angeles, the sprawling southern California metropolis with a population of around 4 million.

Luckin has said it is targeting a total of more than 4,500 stores in China by the end of 2019, which would take it past Starbucks, which has long dominated the Chinese coffee market and currently has over 3,600 stores in the country.

Many Luckin units are much smaller “points of presence” and not comparable to full-service Starbucks cafes, Johnson said.

Johnson, who replaced Howard Schultz as Starbucks chief executive in April 2017, said he expects the company to be able to repeat last quarter’s growth in China due to what he described as “a first-mover advantage” in the Asian giant.

“I think we will simply because much of that growth, it’s about building new stores,” he said, noting that Starbucks opens a new store every 15 hours on average in China.

Johnson added that “thus far” U.S-China trade tensions has not affected the company’s bottom line.

“We haven’t seen much impact,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: gilles sabrie bloomberg, bloomberg, getty images
Keywords: news, cnbc, companies, growth, starbucks, think, end, china, ceo, johnson, luckin, stores, overtaken, chinese, unlikely, company, 2019


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The ‘Pelosi Clap,’ standing ovations and that wonky tie: How the world reacted to Trump’s SOTU

President Donald Trump’s 2019 State of the Union (SOTU) address got the world talking with social media reacting to key takeaways and memorable moments during the speech. Trump announced a second North Korea summit at the end of February and re-affirmed his commitment to building a border wall. That prompted a wry smile from Pelosi, who was sitting behind Trump and next to Vice President Mike Pence. But it was her seemingly mocking applause at the end of Trump’s speech that prompted a Twitter st


President Donald Trump’s 2019 State of the Union (SOTU) address got the world talking with social media reacting to key takeaways and memorable moments during the speech. Trump announced a second North Korea summit at the end of February and re-affirmed his commitment to building a border wall. That prompted a wry smile from Pelosi, who was sitting behind Trump and next to Vice President Mike Pence. But it was her seemingly mocking applause at the end of Trump’s speech that prompted a Twitter st
The ‘Pelosi Clap,’ standing ovations and that wonky tie: How the world reacted to Trump’s SOTU Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: holly ellyatt, bloomberg, getty images
Keywords: news, cnbc, companies, standing, trump, twitter, sotu, reacted, clap, pelosi, tie, trumps, world, social, end, quickly, various, usa, ovations, wonky, pelosis


The 'Pelosi Clap,' standing ovations and that wonky tie: How the world reacted to Trump's SOTU

President Donald Trump’s 2019 State of the Union (SOTU) address got the world talking with social media reacting to key takeaways and memorable moments during the speech.

Trump announced a second North Korea summit at the end of February and re-affirmed his commitment to building a border wall. He also called for an end to investigations into his administration and for bipartisan cooperation.

Soon enough, Twitter was ablaze with comments about the SOTU. But, as ever, the public were quickly picking up on the minutiae, including the president’s “wildly crooked tie” and House Speaker Nancy Pelosi’s paper-shuffling.

Trump also talked about the economic recovery taking place in the U.S., prompting various chants of “USA USA”, and said the only things that could stop it were “foolish wars, politics, or ridiculous partisan investigations.”

He wasn’t specific, but his words were taken to mean the inquiries launched by Democrats into the Trump administration and the ongoing investigation into Russian election meddling and possible collusion with the campaign, which both Russia and Trump deny.

That prompted a wry smile from Pelosi, who was sitting behind Trump and next to Vice President Mike Pence.

In fact, throughout the address, Pelosi’s facial expressions and reactions (which were, as Trump’s political rival, naturally negative ones) were widely seized upon by viewers. But it was her seemingly mocking applause at the end of Trump’s speech that prompted a Twitter storm, with the “Pelosi clap” quickly trending and becoming a meme.

While many Twitter users loved Pelosi’s body language of barely contained disdain and disbelief at Trump’s claims, others tried to guess what she was reading when seen looking though various pieces of paper, which was criticized by some as disrespectful.

Another moment that garnered international and social media attention was the cheering of Democratic congresswomen after Trump’s comments on female job creation.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: holly ellyatt, bloomberg, getty images
Keywords: news, cnbc, companies, standing, trump, twitter, sotu, reacted, clap, pelosi, tie, trumps, world, social, end, quickly, various, usa, ovations, wonky, pelosis


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