Facebook’s crypto chief warns of national security risks if the US fails to innovate in financial services

U.S. national security efforts will fall behind without innovation in financial services, the head of Facebook’s new cryptocurrency subsidiary said at a hearing about the company’s plans for a new digital currency. Cotton said Iran, on which the U.S. has imposed sanctions, has been working on developing its own cryptocurrency. “And the same way that we will end up having two internets and two different infrastructures, we will have two different financial systems and two different financial netw


U.S. national security efforts will fall behind without innovation in financial services, the head of Facebook’s new cryptocurrency subsidiary said at a hearing about the company’s plans for a new digital currency. Cotton said Iran, on which the U.S. has imposed sanctions, has been working on developing its own cryptocurrency. “And the same way that we will end up having two internets and two different infrastructures, we will have two different financial systems and two different financial netw
Facebook’s crypto chief warns of national security risks if the US fails to innovate in financial services Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren feiner
Keywords: news, cnbc, companies, crypto, facebooks, sanctions, marcus, world, national, way, subsidiary, services, warns, different, fails, going, financial, security, innovate, risks


Facebook's crypto chief warns of national security risks if the US fails to innovate in financial services

U.S. national security efforts will fall behind without innovation in financial services, the head of Facebook’s new cryptocurrency subsidiary said at a hearing about the company’s plans for a new digital currency.

David Marcus, who heads Facebook’s Calibra subsidiary, responded to a question from Arkansas Sen. Tom Cotton about how the new currency would impact the U.S.’s ability to impose effective sanctions. Cotton said Iran, on which the U.S. has imposed sanctions, has been working on developing its own cryptocurrency.

“I’m glad you brought this up because I believe that if we don’t lead in the space, others will,” Marcus said. “And the same way that we will end up having two internets and two different infrastructures, we will have two different financial systems and two different financial networks. And one will be out of reach of sanctions that are so effective in enforcing our foreign policy and preserving our national security.”

Marcus could be referring to the fragmentation of the online world between countries like the U.S. where citizens can freely browse and those like China where certain search results and websites are censored by the government. He said if the U.S. fails to get ahead of fragmentation in financial services, national security could be at risk.

“I actually believe that if we stay put, we are going to be in a situation in ten, 15 years where we’re really going to have half of the world that is going to operate on, by the way a blockchain-based technology, that will be out of reach from our national security apparatus,” Marcus said.

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WATCH: How Facebook makes money by targeting ads directly to you


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren feiner
Keywords: news, cnbc, companies, crypto, facebooks, sanctions, marcus, world, national, way, subsidiary, services, warns, different, fails, going, financial, security, innovate, risks


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Nike’s ‘inclusive’ image at risk if it fails women athletes, brand experts say

Running coach Mario Fraioli called the lack of maternity benefits for women athletes “one of athletics’ dirtiest secrets,” in a tweet. Meanwhile, Kelly Williams, managing director of consultancy Sports Revolution, believes that because most athletes are self-employed, paid maternity leave is not warranted. … (Women) don’t want to be different, just treated the same (and) we should not notice the difference between athletes,” she said in an email to CNBC. Taking a standThe controversy also raises


Running coach Mario Fraioli called the lack of maternity benefits for women athletes “one of athletics’ dirtiest secrets,” in a tweet. Meanwhile, Kelly Williams, managing director of consultancy Sports Revolution, believes that because most athletes are self-employed, paid maternity leave is not warranted. … (Women) don’t want to be different, just treated the same (and) we should not notice the difference between athletes,” she said in an email to CNBC. Taking a standThe controversy also raises
Nike’s ‘inclusive’ image at risk if it fails women athletes, brand experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: lucy handley
Keywords: news, cnbc, companies, told, issues, women, risk, company, social, york, fails, nike, say, athletes, long, nikes, inclusive, brand, image, experts, maternity


Nike's 'inclusive' image at risk if it fails women athletes, brand experts say

When Olympic athlete Alysia Montano took part in a race only one month away from having a baby, she became known as “the pregnant runner.” It was 2014 and she went on to win a national championship when her daughter was six months old, and another when she was 10 months old. But in an opinion piece and video published by the New York Times on Sunday, Montano said when she told one of her former sponsors, Nike, that she wanted to have a baby during her career, the sports giant told her it would pause her contract and stop paying her. This, she said, is at odds with commercials such as “Dream Crazier,” released by Nike in February, where Nike-sponsored tennis player Serena Williams is praised for “having a baby and then coming back for more,” and in which viewers are told: “Show them what crazy can do.”

Pregnant athlete Alysia Montano at the USA Field and Track Championship on June 26, 2014 in Sacramento, California Ezra Shaw | Getty Images

Nike has admitted that “a few” female athletes did previously have “performance-based reductions” in their fees, but last year it standardized its approach across all sports “so that no female athlete is penalized financially for pregnancy,” according to a statement emailed to CNBC. It said it is common industry practice for agreements to include performance-based payment reductions, but did not confirm to the Times if its change in approach is a contractual guarantee. Montano’s article has prompted much debate. Women’s rights campaigning organization Time’s Up tweeted that Nike “should be supporting safe and healthy pregnancies — not pushing people out or slashing benefits.” Running coach Mario Fraioli called the lack of maternity benefits for women athletes “one of athletics’ dirtiest secrets,” in a tweet. Meanwhile, Kelly Williams, managing director of consultancy Sports Revolution, believes that because most athletes are self-employed, paid maternity leave is not warranted. “I think there is more of a debate about keeping a ranking than getting paid. I think the movement in women’s sport and focus on equality is absolutely great. But would we give a male athlete maternity leave? … (Women) don’t want to be different, just treated the same (and) we should not notice the difference between athletes,” she said in an email to CNBC. “I own my own business and if I don’t work, I don’t get paid. I have to budget for babies and I have had three,” she added.

Taking a stand

The controversy also raises the question of whether brands should take a stand on social issues, as Nike has done in its advertising, or have their executives publicize opinions. “Consumers increasingly expect brands to have a voice in political and social conversations, and gender equality is among the top issues Americans want to see companies support,” according to Jeremy Robinson-Leon, president of New York based PR firm Group Gordon, in an email to CNBC. “However, the public won’t stand for lip service. When a company’s words and actions don’t add up, its reputation will inevitably take a hit.”

A Nike Ad featuring American football quarterback Colin Kaepernick is on diplay September 8, 2018 in New York City. Angela Weiss | AFP | Getty Images

Nike is not afraid of controversy: Shares in the company fell in September 2018 after it released an ad starring activist Colin Kaepernick. For Simeon Siegel, an analyst at Nomura Instinet, its willingness to make a stand has not dented long-term sales. “Nike has a long history of … controversy for good and bad … and that long history sits side by side with a long history of becoming the largest … apparel (and) footwear brand in the history of time,” he told CNBC by phone.

Ads vs reality

For Robinson-Leon, any company that pushes gender equality in its advertising but behaves differently in private risks its reputation. “Clearly, a brand like Nike that bills itself as a leader on social issues hurts its credibility by saying one thing publicly and doing another backstage. It’s illogical for the business and a disservice to the intended social impact. And, more broadly, it gives rise to an understandable cynicism on the part of the public that undermines the positive efforts of other responsible businesses,” Robinson-Leon said in an email to CNBC. Other companies have been tripped up by how their public behavior contrasts with their advertising — United Airlines’ “Fly the friendly skies” was mocked on social media after a man was forcibly removed from a flight in 2017. But almost a year later, parent company United Continental Holdings posted its fifth consecutive year of profits.

Nike and women

“Dream Crazier,” from February, and “Dream with Us,” released on Mother’s Day to promote Nike’s sponsorship of teams playing in the 2019 FIFA Women’s World Cup, are part of the company’s strategy to grow its U.S. business by focusing on women. The debate over maternity pay is not likely to dent sales to women, according to Siegel. “The reality is Nike(‘s)… marketing and their messaging is also inclusive … I believe that as long as they are not putting their head in the sand we are unlikely to see a sales miss,” he told CNBC by phone.

Nike President and CEO Mark Parker speaks during the 2016 Nike New Innovations Debut at Skylight at Moynihan Station on March 16, 2016 in New York City. Mike Pont | WireImage | Getty Images

Siegel added that Nike has been fast to deal with problems as it became aware of them. A year ago, the company saw an exodus of executives amid accusations of harassment and discrimination, and an apology from CEO Mark Parker who said the company would change its culture. “Nike, generally speaking, over the past year has actually sought to get ahead of issues presumably as they became aware of them,” Siegel said. “Rather than being called into question and then fixing the business, Nike during the worst of it aired their own dirty laundry. It’s always fair to challenge why there was dirty laundry in the first place, but on a relative scale the fact that the company has moved fast to at least try to make change and correct is worthy of note,” he told CNBC by phone. “From an investing perspective right now, the company continues to grow healthfully which means from a consumer perspective people are still buying their products en masse.”


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: lucy handley
Keywords: news, cnbc, companies, told, issues, women, risk, company, social, york, fails, nike, say, athletes, long, nikes, inclusive, brand, image, experts, maternity


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German data fails to lift euro from 1-week low

“The announcement of the increased trade tariffs has generated negative sentiment about global growth and that is exerting downward pressure on the euro despite the German data,” said Nikolay Markov, senior economist at Pictet Asset Management. “We expected the data to be worse than last month, but this is going to increase concerns about the state of the Chinese economy. The market will be very nervous and looking out for the PMI data,” said Commerzbank FX strategist Esther Maria Reichelt. The


“The announcement of the increased trade tariffs has generated negative sentiment about global growth and that is exerting downward pressure on the euro despite the German data,” said Nikolay Markov, senior economist at Pictet Asset Management. “We expected the data to be worse than last month, but this is going to increase concerns about the state of the Chinese economy. The market will be very nervous and looking out for the PMI data,” said Commerzbank FX strategist Esther Maria Reichelt. The
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Company: cnbc, Activity: cnbc, Date: 2019-05-15
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German data fails to lift euro from 1-week low

The euro held at a one-week low on Wednesday, ignoring data from Germany that showed the economy returned to growth in the first quarter, as trade tensions between the world’s two biggest economies cast a shadow over risk appetite.

The single currency has been caught in the cross-currents of an escalating dispute between Washington and Beijing since last week, unable to conclusively rise above the $1.1250 level.

“The announcement of the increased trade tariffs has generated negative sentiment about global growth and that is exerting downward pressure on the euro despite the German data,” said Nikolay Markov, senior economist at Pictet Asset Management.

U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes of its own on Monday.

The escalation in the trade dispute comes at a time when latest data from Germany showed the economy returned to growth in the March quarter as householders spent more freely and construction activity picked up.

The single currency was broadly steady at $1.1213 – just above a one-week low of $1.1197 hit in the Asian session and more than 3% below a 2019 high of nearly $1.16 in early January.

Germany’s economic figures were a sole bright indicator in an otherwise slate of dismal data.

China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States rumbles on.

“We expected the data to be worse than last month, but this is going to increase concerns about the state of the Chinese economy. The market will be very nervous and looking out for the PMI data,” said Commerzbank FX strategist Esther Maria Reichelt.

The Aussie dollar dropped as low as $0.6922, its lowest level since Jan. 3 when a flash crash in the foreign exchange markets rocked major currencies.

Barring that level, the currency was at its weakest in three years and down 0.2% on the day.

The weak data gave further impetus to Aussie bears to add to their negative bets with net outstanding short positions still below 2019 highs of above $5.2 billion.

The Aussie is often seen as a proxy for Chinese growth because of Australia’s export-reliant economy and China being the country’s main destination for its commodities.

Domestic data added to the woes, with the pace of growth in Australian wages stagnating.

Neighbouring New Zealand saw its currency dip 0.1% to $0.6567.

The Chinese yuan itself was slightly improved on the day at 6.8993 per U.S. dollar, but still close to a five-month low hit on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-05-15
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Brexit deadlocked again: British parliament fails to find an alternative

A proposal for a confirmatory referendum on any deal got the most votes, but was defeated by 292-280. “The only option is to find a way through which allows the UK to leave with a deal,” Barclay told parliament. “If the house were to agree a deal this week, it would still be possible to avoid holding European parliamentary elections,” Barclay said. Last Friday, the third defeat of May’s own withdrawal agreement left one of the weakest British leaders in a generation facing a spiralling crisis ov


A proposal for a confirmatory referendum on any deal got the most votes, but was defeated by 292-280. “The only option is to find a way through which allows the UK to leave with a deal,” Barclay told parliament. “If the house were to agree a deal this week, it would still be possible to avoid holding European parliamentary elections,” Barclay said. Last Friday, the third defeat of May’s own withdrawal agreement left one of the weakest British leaders in a generation facing a spiralling crisis ov
Brexit deadlocked again: British parliament fails to find an alternative Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, vote, alternative, leave, support, fails, deadlocked, brexit, deal, eu, week, option, stand, britain, british, parliament, barclay


Brexit deadlocked again: British parliament fails to find an alternative

Pound drops vs. dollar as no Brexit option gets enough support 15 Hours Ago | 02:03

The option that came closest to getting a majority was a proposal to keep Britain in a customs union with the EU, which was defeated by three votes.

A proposal for a confirmatory referendum on any deal got the most votes, but was defeated by 292-280.

Brexit minister Steven Barclay said after the results were announced that the default position was still that Britain would leave the EU on April 12 without a deal, the nightmare scenario for many international businesses.

“The only option is to find a way through which allows the UK to leave with a deal,” Barclay told parliament.

He hinted that May could put her deal to a fourth vote this week in the hope of securing an orderly exit before European elections are held from May 23 onwards.

“If the house were to agree a deal this week, it would still be possible to avoid holding European parliamentary elections,” Barclay said.

Sterling fell almost 1 percent to $1.3048, after the vote results were read out by the speaker, John Bercow, to stand around 0.5 percent lower on the day.

Last Friday, the third defeat of May’s own withdrawal agreement left one of the weakest British leaders in a generation facing a spiralling crisis over Brexit.

Her government and her Conservative Party, which has been trying to contain a schism over Europe for 30 years, are now riven between those who are demanding that May pilot a decisive break with the bloc and those demanding that she rule out such an outcome.

If May were to throw her weight behind either camp, she would risk tearing her party apart and bringing down the government. Some Conservative lawmakers have warned they will support a motion of no confidence if she accepts calls for a Brexit that maintains many of the existing close economic ties with the EU.

Britain had been due to leave the EU on March 29 but the political deadlock in London forced May to ask the bloc for a delay. As things stand, Britain will now depart at 6:00 pm EST on April 12 – unless May comes up with another viable option.

WATCH: The EU has run out of patience with May


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, vote, alternative, leave, support, fails, deadlocked, brexit, deal, eu, week, option, stand, britain, british, parliament, barclay


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House fails to override Trump’s veto on bill that would have blocked his national emergency

House Democrats’ attempt to override President Donald Trump’s first veto failed Tuesday, leaving the president’s national emergency declaration in place for now. The chamber fell short of the two-thirds majority needed to overcome the president’s opposition to a resolution that would end his executive action. Only 14 Republicans joined with Democrats in voting to override the veto in a 248-181 vote — one more GOP representative than when the House passed the measure last month. They signaled the


House Democrats’ attempt to override President Donald Trump’s first veto failed Tuesday, leaving the president’s national emergency declaration in place for now. The chamber fell short of the two-thirds majority needed to overcome the president’s opposition to a resolution that would end his executive action. Only 14 Republicans joined with Democrats in voting to override the veto in a 248-181 vote — one more GOP representative than when the House passed the measure last month. They signaled the
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Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: jacob pramuk, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, national, months, fails, house, veto, presidents, blocked, vote, trumps, resolution, bill, emergency, override, review


House fails to override Trump's veto on bill that would have blocked his national emergency

House Democrats’ attempt to override President Donald Trump’s first veto failed Tuesday, leaving the president’s national emergency declaration in place for now.

The chamber fell short of the two-thirds majority needed to overcome the president’s opposition to a resolution that would end his executive action. Only 14 Republicans joined with Democrats in voting to override the veto in a 248-181 vote — one more GOP representative than when the House passed the measure last month.

In a joint statement, House Speaker Nancy Pelosi and Rep. Joaquin Castro, a Texas Democrat who authored the resolution, said the congressional votes would “provide significant evidence for the courts as they review lawsuits” challenging the move to secure money for the president’s proposed border wall. They signaled the House would vote again on ending the national emergency in six months, which lawmakers can do as long as it is in effect.

“The President’s lawless emergency declaration clearly violates the Congress’s exclusive power of the purse, and Congress will work through the appropriations and defense authorization processes to terminate this dangerous action and restore our constitutional system of balance of powers,” they said following the vote. “In six months, the Congress will have another opportunity to put a stop to this President’s wrongdoing. We will continue to review all options to protect our Constitution and our Democracy from the President’s assault.”


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: jacob pramuk, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, national, months, fails, house, veto, presidents, blocked, vote, trumps, resolution, bill, emergency, override, review


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Spanish prime minister calls snap election after budget fails to pass

The government of Spain formally called for a snap general election Friday following its failure to pass its 2019 budget through Congress. With the government paralyzed by a lack of support, Prime Minister Pedro Sanchez of the PSOE called for an election to break the impasse. “Between doing nothing and continuing with the budget and calling on Spaniards to have their say, I chose the second. Antonio Lopez-Isturiz, a member of the European Parliament for the center-right People’s Party (PP), spok


The government of Spain formally called for a snap general election Friday following its failure to pass its 2019 budget through Congress. With the government paralyzed by a lack of support, Prime Minister Pedro Sanchez of the PSOE called for an election to break the impasse. “Between doing nothing and continuing with the budget and calling on Spaniards to have their say, I chose the second. Antonio Lopez-Isturiz, a member of the European Parliament for the center-right People’s Party (PP), spok
Spanish prime minister calls snap election after budget fails to pass Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: david reid, pierre-philippe marcou, afp, getty images
Keywords: news, cnbc, companies, lopezisturiz, election, sanchez, left, spanish, fails, budget, psoe, european, party, prime, minister, spain, pass, snap, calls


Spanish prime minister calls snap election after budget fails to pass

The government of Spain formally called for a snap general election Friday following its failure to pass its 2019 budget through Congress.

Earlier in the week, the ruling Socialist Workers’ Party (PSOE) failed to secure the additional votes it needed from two separatist Catalan parties, the Republican Left of Catalonia (ERC) and the Catalan European Democratic Party (PDeCAT).

With the government paralyzed by a lack of support, Prime Minister Pedro Sanchez of the PSOE called for an election to break the impasse. The vote will be held on the April 28th.

In his televised announcement, Sanchez said he had been left with no choice.

“Between doing nothing and continuing with the budget and calling on Spaniards to have their say, I chose the second. Spain needs to keep advancing, progressing with tolerance, respect, moderation and common sense,” Sanchez said in a translation provided by Reuters.

Antonio Lopez-Isturiz, a member of the European Parliament for the center-right People’s Party (PP), spoke to CNBC shortly after the announcement.

The Sanchez government is the incumbent government of Spain since June 2018 and Lopez-Isturiz accused the current administration of failing to enact any real reform, other than raising the wages of civil servants.

“This so-called social budget was not the case.”

The center-right lawmaker added that he hoped the Spanish people would “come back to the philosophy of the Partido-Popular which is to create jobs for the Spanish people,” before adding that one big focus of the upcoming election would be the persistently high level of youth unemployment.

Yield on Spanish sovereign bonds rose before the election announcement. Yield on fixed income debt moves inversely to the asset price.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: david reid, pierre-philippe marcou, afp, getty images
Keywords: news, cnbc, companies, lopezisturiz, election, sanchez, left, spanish, fails, budget, psoe, european, party, prime, minister, spain, pass, snap, calls


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Iraq’s massive 2019 budget still fails to address reform needs, experts say

“Despite being a very large spending plan, Iraq’s new budget still suffers from the same problems. Too much of the budget goes to salaries… In the meantime, necessary spending on new infrastructure and reconstruction is not adequate.” Nearly half of the budget — $52 billion — will go to public sector salaries, pensions, and social security for government employees, a 15 percent spike from 2018. $27.8 billion will go to investments, with the deficit set to more than double to $23.1 billion, as re


“Despite being a very large spending plan, Iraq’s new budget still suffers from the same problems. Too much of the budget goes to salaries… In the meantime, necessary spending on new infrastructure and reconstruction is not adequate.” Nearly half of the budget — $52 billion — will go to public sector salaries, pensions, and social security for government employees, a 15 percent spike from 2018. $27.8 billion will go to investments, with the deficit set to more than double to $23.1 billion, as re
Iraq’s massive 2019 budget still fails to address reform needs, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: natasha turak, phototreat, istock, getty images, hemn baban, anadolu agency, essam al-sudani, haidar mohammed ali, afp
Keywords: news, cnbc, companies, needs, budget, spending, sector, reconstruction, massive, 2019, billion, iraqs, need, address, state, reform, salaries, areas, say, fails, experts, plan


Iraq's massive 2019 budget still fails to address reform needs, experts say

Baghdad signed into law one of its largest-ever spending packages last week after months of gridlock. At $111.8 billion, the 2019 budget is a nearly 45 percent increase on the previous year’s, featuring the highest deficit and second-highest spending volume in Iraq’s history since the fall of Saddam Hussein in 2003.

But despite desperate need for reconstruction funding after its devastating three-year war with the Islamic State, and with a crippled business sector beset by government corruption, Iraqi experts say the spending plan still fails to address the country’s most urgent problems.

“The amount of waste and wrongly allocated money is outrageous,” Abbas Kadhim, director of the Atlantic Council’s Iraq Initiative, told CNBC on Tuesday. “Despite being a very large spending plan, Iraq’s new budget still suffers from the same problems. Too much of the budget goes to salaries… In the meantime, necessary spending on new infrastructure and reconstruction is not adequate.”

Nearly half of the budget — $52 billion — will go to public sector salaries, pensions, and social security for government employees, a 15 percent spike from 2018. $27.8 billion will go to investments, with the deficit set to more than double to $23.1 billion, as reported by AFP.

Parliament members from the predominantly Sunni areas devastated by the anti-Islamic State (IS) campaign accuse the Shia-dominated government of not allocating sufficient funds to their areas’ reconstruction. The International Monetary Fund (IMF) has calculated Iraq would need more than $88 billion to rebuild those areas, but international commitments have yet to meet even half of that goal.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: natasha turak, phototreat, istock, getty images, hemn baban, anadolu agency, essam al-sudani, haidar mohammed ali, afp
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Dow futures near breakeven | May’s Brexit deal fails | More banks to report earnings

Futures were hovering near breakeven this morning as the market evaluated the impact of the failed Brexit vote. (CNBC)It’s a big morning for bank earnings, with Bank of America (BAC), Bank of New York Mellon (BK), Comerica (CMA), Goldman Sachs (GS), PNC Financial (PNC), and US Bancorp (USB) all set to report. After the bell reports today include CSX Corp. (CSX), H.B. The Labor Department will issue its December report on import and export prices at 8:30 a.m. (CNBC)The Federal Reserve issues its


Futures were hovering near breakeven this morning as the market evaluated the impact of the failed Brexit vote. (CNBC)It’s a big morning for bank earnings, with Bank of America (BAC), Bank of New York Mellon (BK), Comerica (CMA), Goldman Sachs (GS), PNC Financial (PNC), and US Bancorp (USB) all set to report. After the bell reports today include CSX Corp. (CSX), H.B. The Labor Department will issue its December report on import and export prices at 8:30 a.m. (CNBC)The Federal Reserve issues its
Dow futures near breakeven | May’s Brexit deal fails | More banks to report earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: berkeley lovelace jr, peter schacknow
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Dow futures near breakeven | May's Brexit deal fails | More banks to report earnings

Futures were hovering near breakeven this morning as the market evaluated the impact of the failed Brexit vote. The Dow is sitting less than 200 points away from escaping correction. The three U.S. major averages are coming off their highest closes in more than a month. (CNBC)

* European markets higher after May’s Brexit vote defeat (CNBC)

U.K. Prime Minister Theresa May had placed a motion before lawmakers in the lower house of Parliament, asking them to rubber stamp her withdrawal agreement with the European Union. The bill was rejected by 432 votes to 202, thought to be the largest in U.K. political history. (CNBC)

It’s a big morning for bank earnings, with Bank of America (BAC), Bank of New York Mellon (BK), Comerica (CMA), Goldman Sachs (GS), PNC Financial (PNC), and US Bancorp (USB) all set to report. Asset manager BlackRock (BLK) and brokerage firm Charles Schwab (SCHW) will also issue quarterly numbers this morning. After the bell reports today include CSX Corp. (CSX), H.B. Fuller (FUL), and Kinder Morgan (KMI). (CNBC)

* BlackRock results fall short of expectations, assets fall back below $6 trillion (CNBC)

Two economic reports out today are housing-related: the Mortgage Bankers Association will be out with its weekly look at mortgage applications at 7 a.m. ET, while the National Association of Home Builders issues its monthly sentiment index at 10 a.m. ET. The Labor Department will issue its December report on import and export prices at 8:30 a.m. ET. (CNBC)

The Federal Reserve issues its Beige Book today, with its region-by-region assessment of the U.S. economy due out at 2 p.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: berkeley lovelace jr, peter schacknow
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Iran’s bid to launch a satellite fails

Iran’s bid to launch a satellite has failed, Telecoms Minister Mohammad Javad Azari-Jahromi said on Tuesday, after it ignored U.S. warnings to avoid such activity. Washington warned Tehran this month against undertaking three planned space rocket launches that it said would violate a U.N. Security Council resolution because they use ballistic missile technology.


Iran’s bid to launch a satellite has failed, Telecoms Minister Mohammad Javad Azari-Jahromi said on Tuesday, after it ignored U.S. warnings to avoid such activity. Washington warned Tehran this month against undertaking three planned space rocket launches that it said would violate a U.N. Security Council resolution because they use ballistic missile technology.
Iran’s bid to launch a satellite fails Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: don emmert, afp, getty images
Keywords: news, cnbc, companies, warned, space, undertaking, launch, satellite, security, irans, telecoms, bid, violate, technology, fails, warnings, tehran


Iran's bid to launch a satellite fails

Iran’s bid to launch a satellite has failed, Telecoms Minister Mohammad Javad Azari-Jahromi said on Tuesday, after it ignored U.S. warnings to avoid such activity.

Washington warned Tehran this month against undertaking three planned space rocket launches that it said would violate a U.N. Security Council resolution because they use ballistic missile technology.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: don emmert, afp, getty images
Keywords: news, cnbc, companies, warned, space, undertaking, launch, satellite, security, irans, telecoms, bid, violate, technology, fails, warnings, tehran


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Nissan delays Infiniti QX debut as electric car fails to start

Nissan was scheduled to debut its new Infiniti QX Inspiration concept car at the Detroit auto show on Monday, but executives delayed the launch and closed the curtains on the car without any explanation. Executives said they couldn’t get the car started and eventually had to push it on stage. The Infiniti QX was among one of the hottest debuts anticipated at the North American International Auto Show. The more than 100 international journalists who lined up for the 11:40 a.m. launch in Detroit c


Nissan was scheduled to debut its new Infiniti QX Inspiration concept car at the Detroit auto show on Monday, but executives delayed the launch and closed the curtains on the car without any explanation. Executives said they couldn’t get the car started and eventually had to push it on stage. The Infiniti QX was among one of the hottest debuts anticipated at the North American International Auto Show. The more than 100 international journalists who lined up for the 11:40 a.m. launch in Detroit c
Nissan delays Infiniti QX debut as electric car fails to start Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: robert ferris
Keywords: news, cnbc, companies, delays, executives, start, qx, fails, auto, international, detroit, scheduled, launch, car, infiniti, curtains, electric, debut, nissan


Nissan delays Infiniti QX debut as electric car fails to start

Nissan was scheduled to debut its new Infiniti QX Inspiration concept car at the Detroit auto show on Monday, but executives delayed the launch and closed the curtains on the car without any explanation.

Executives said they couldn’t get the car started and eventually had to push it on stage.

The Infiniti QX was among one of the hottest debuts anticipated at the North American International Auto Show. The more than 100 international journalists who lined up for the 11:40 a.m. launch in Detroit could see technicians working on the car just before it was scheduled to drive onto the stage.

After about 30 minutes of waiting, executives drew the curtains on the all-electric SUV and told the audience they hoped to reschedule the event for later in the day.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: robert ferris
Keywords: news, cnbc, companies, delays, executives, start, qx, fails, auto, international, detroit, scheduled, launch, car, infiniti, curtains, electric, debut, nissan


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