Marco Rubio says Chinese firms should be delisted from US exchanges if they don’t follow securities laws

Chinese companies should be delisted from American exchanges if they don’t follow U.S. securities laws, Sen. Marco Rubio told CNBC on Tuesday. Delisting Chinese companies has “nothing to do with trade,” the Florida Republican said on “Squawk Alley,” referring to trade negotiations between the U.S. and China. “This is a national security and human rights matter.” Proponents say it would reduce irregularities seen from U.S.-listed Chinese companies, some of which don’t follow the same regulatory r


Chinese companies should be delisted from American exchanges if they don’t follow U.S. securities laws, Sen. Marco Rubio told CNBC on Tuesday. Delisting Chinese companies has “nothing to do with trade,” the Florida Republican said on “Squawk Alley,” referring to trade negotiations between the U.S. and China. “This is a national security and human rights matter.” Proponents say it would reduce irregularities seen from U.S.-listed Chinese companies, some of which don’t follow the same regulatory r
Marco Rubio says Chinese firms should be delisted from US exchanges if they don’t follow securities laws Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: berkeley lovelace jr, in berkeleylovelace
Keywords: news, cnbc, companies, companies, security, sen, marco, firms, negotiations, laws, american, delisted, follow, dont, told, exchanges, trade, securities, rubio, chinese, national, china


Marco Rubio says Chinese firms should be delisted from US exchanges if they don't follow securities laws

Chinese companies should be delisted from American exchanges if they don’t follow U.S. securities laws, Sen. Marco Rubio told CNBC on Tuesday.

Delisting Chinese companies has “nothing to do with trade,” the Florida Republican said on “Squawk Alley,” referring to trade negotiations between the U.S. and China. “This is a national security and human rights matter.”

Rubio, who ran for president in 2016, and Democratic Sen. Kirsten Gillibrand of New York, who dropped out of the 2020 presidential race, are co-sponsors of a bill to increase oversight of Chinese and other foreign companies listed on American stock exchanges. The legislation calls for delisting firms that are out of compliance with U.S. regulators for a period of three years.

Proponents say it would reduce irregularities seen from U.S.-listed Chinese companies, some of which don’t follow the same regulatory rules as American companies.

Opinion: Federal retirement savings should not fund China’s Communist Party

The bill comes as the U.S. and China are set to resume high-level trade negotiations later this week. Multiple outlets reported last month that the Trump administration was exploring ways to limit U.S. investments in China, including a plan to stop Chinese companies listing on American exchanges.

However, White House chief economic advisor Larry Kudlow told reporters on Monday that delisting Chinese firms was “not on the table.”

Rubio denied the legislation was aimed at the trade dispute, saying, “Trade deals are not very good if they require you to give in or jeopardize your national security or your values as a nation.”

He added: “Our capital markets are the deepest and most liquid in the world. But we have high standards for disclosure and transparency.”


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: berkeley lovelace jr, in berkeleylovelace
Keywords: news, cnbc, companies, companies, security, sen, marco, firms, negotiations, laws, american, delisted, follow, dont, told, exchanges, trade, securities, rubio, chinese, national, china


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Disney CEO Bob Iger: ‘People just don’t want to follow someone who is a pessimist’

Bob Iger believes in looking on the bright side. In a “Mad Money” interview on Tuesday, Iger discussed his newly-released book, “The Ride of a Lifetime,” with CNBC’s Jim Cramer, who asked the CEO how people maintain optimism these days. “Optimism is a core principle of good leadership,” Iger tells Cramer. “People just don’t want to follow someone who is a pessimist. If that guy is a pessimist, who’s going to go over the hill with him?


Bob Iger believes in looking on the bright side. In a “Mad Money” interview on Tuesday, Iger discussed his newly-released book, “The Ride of a Lifetime,” with CNBC’s Jim Cramer, who asked the CEO how people maintain optimism these days. “Optimism is a core principle of good leadership,” Iger tells Cramer. “People just don’t want to follow someone who is a pessimist. If that guy is a pessimist, who’s going to go over the hill with him?
Disney CEO Bob Iger: ‘People just don’t want to follow someone who is a pessimist’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: elizabeth gravier
Keywords: news, cnbc, companies, follow, youd, pessimist, disney, going, wwii, ceo, iger, dont, bob, whos, tells, cramer, hill, think


Disney CEO Bob Iger: 'People just don't want to follow someone who is a pessimist'

Bob Iger believes in looking on the bright side.

In a “Mad Money” interview on Tuesday, Iger discussed his newly-released book, “The Ride of a Lifetime,” with CNBC’s Jim Cramer, who asked the CEO how people maintain optimism these days.

“Optimism is a core principle of good leadership,” Iger tells Cramer. “People just don’t want to follow someone who is a pessimist. I remember as a kid seeing WWII movies and you’d have some captain or lieutenant or officer of some sort saying, ‘OK, we’re going over this hill, come on fellas.’ If that guy is a pessimist, who’s going to go over the hill with him? I think if you equate that to business, it’s in many respects somewhat similar.”

This year alone, the company has launched the Disney+ streaming service and acquired 21st Century Fox in a $71 billion deal – its fourth powerhouse acquisition under Iger, along with Pixar, Marvel and LucasFilm.


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: elizabeth gravier
Keywords: news, cnbc, companies, follow, youd, pessimist, disney, going, wwii, ceo, iger, dont, bob, whos, tells, cramer, hill, think


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EU afraid another country will follow UK after Brexit, Dutch lawmaker says

EU afraid another country will follow UK after Brexit, Dutch lawmaker says10 Hours AgoGeert Wilders, leader of the Netherlands’ Party for Freedom, discusses the Brexit deadlock.


EU afraid another country will follow UK after Brexit, Dutch lawmaker says10 Hours AgoGeert Wilders, leader of the Netherlands’ Party for Freedom, discusses the Brexit deadlock.
EU afraid another country will follow UK after Brexit, Dutch lawmaker says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, brexit, afraid, dutch, wilders, lawmaker, says10, country, follow, freedom, leader, netherlands, party, hours


EU afraid another country will follow UK after Brexit, Dutch lawmaker says

EU afraid another country will follow UK after Brexit, Dutch lawmaker says

10 Hours Ago

Geert Wilders, leader of the Netherlands’ Party for Freedom, discusses the Brexit deadlock.


Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, brexit, afraid, dutch, wilders, lawmaker, says10, country, follow, freedom, leader, netherlands, party, hours


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Warren Buffett: Developing this skill can make ‘a major difference in your future earning power’

That’s because, “what’s really essential is being able to get others to follow your ideas,” the Berkshire Hathaway chairman and CEO told Segal. If you want to get ahead, focus on your communication skills, billionaire investor Warren Buffett advises. “Up until the age of 20, I was absolutely unable to speak in public,” he told Segal. The class met once a week for a couple of months, but Buffett continued to practice public speaking even after it ended. Don’t miss: Warren Buffett, Melinda Gates a


That’s because, “what’s really essential is being able to get others to follow your ideas,” the Berkshire Hathaway chairman and CEO told Segal. If you want to get ahead, focus on your communication skills, billionaire investor Warren Buffett advises. “Up until the age of 20, I was absolutely unable to speak in public,” he told Segal. The class met once a week for a couple of months, but Buffett continued to practice public speaking even after it ended. Don’t miss: Warren Buffett, Melinda Gates a
Warren Buffett: Developing this skill can make ‘a major difference in your future earning power’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: kathleen elkins
Keywords: news, cnbc, companies, major, skill, university, youre, future, told, earning, difference, segal, developing, buffett, follow, warren, class, speaking, power, public


Warren Buffett: Developing this skill can make 'a major difference in your future earning power'

That’s because, “what’s really essential is being able to get others to follow your ideas,” the Berkshire Hathaway chairman and CEO told Segal. “If you’re a salesperson, you want people to follow your advice. If you’re a management leader, you want them to follow you in business.”

Honing this skill could even increase your worth by 50%, Buffett said in a video posted on LinkedIn last year .

“A relatively modest improvement can make a major difference in your future earning power, as well as in many other aspects of your life,” he told Gillian Zoe Segal in an interview for her 2015 book, “Getting There: A Book of Mentors.”

If you want to get ahead, focus on your communication skills, billionaire investor Warren Buffett advises.

What’s really essential is being able to get others to follow your ideas.

Communication isn’t something that came naturally to Buffett. “Up until the age of 20, I was absolutely unable to speak in public,” he told Segal. “Just the thought of it made me physically ill.” When he was at Columbia Business School, he decided to do something about it and paid $100 to take a Dale Carnegie public speaking course.

The class met once a week for a couple of months, but Buffett continued to practice public speaking even after it ended. “As soon as the course was over, I went to the University of Omaha and said, ‘I want to start teaching,'” he recalled. “I knew that if I did not speak in front of people quickly I would lapse back to where I’d started. I just kept doing it, and now you can’t stop me from talking!”

To this day, the 89-year-old considers that $100 class one of the best investments he’s ever made.

“The impact that class had on my life was huge,” said Buffett.

He doesn’t have his diploma from the University of Nebraska or Columbia on display in his office, but he does have the Dale Carnegie graduation certificate visible. It “gave me the most important degree I have,” he said, adding: “It’s certainly had the biggest impact in terms of my subsequent success.”

Don’t miss: Warren Buffett, Melinda Gates and Sheryl Sandberg agree: This is the most important decision you’ll ever make

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Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: kathleen elkins
Keywords: news, cnbc, companies, major, skill, university, youre, future, told, earning, difference, segal, developing, buffett, follow, warren, class, speaking, power, public


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How to use Twitter to get investing tips from Wall Street’s wisest

Earlier this year (to be exact, March 21, 2019) Twitter officially became a teenager. But you don’t need to be an owner of Twitter shares to generate investing value from its business. The social media company has become a go-to forum for Wall Street’s wisest, from banking elites to hedge fund billionaires and financial advisors, all of whom freely share their views on the markets and investing. FinTwit, which stands for financial Twitter, is an online community that primarily uses the social ne


Earlier this year (to be exact, March 21, 2019) Twitter officially became a teenager. But you don’t need to be an owner of Twitter shares to generate investing value from its business. The social media company has become a go-to forum for Wall Street’s wisest, from banking elites to hedge fund billionaires and financial advisors, all of whom freely share their views on the markets and investing. FinTwit, which stands for financial Twitter, is an online community that primarily uses the social ne
How to use Twitter to get investing tips from Wall Street’s wisest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: aj horch, josh brown
Keywords: news, cnbc, companies, money, wisest, wall, streets, market, wealth, tips, investing, policar, information, fintwit, financial, follow, twitter


How to use Twitter to get investing tips from Wall Street's wisest

Earlier this year (to be exact, March 21, 2019) Twitter officially became a teenager. Conceived as a way to share text messages with friends, Twitter has evolved into a global networking, information and marketing platform now valued by stock market investors at over $32 billion. But you don’t need to be an owner of Twitter shares to generate investing value from its business. The social media company has become a go-to forum for Wall Street’s wisest, from banking elites to hedge fund billionaires and financial advisors, all of whom freely share their views on the markets and investing. If you actively manage your money in the market — or just want to increase your financial literacy — Twitter is a free resource to follow leading money minds, and even interact with them. FinTwit, which stands for financial Twitter, is an online community that primarily uses the social network to discuss investing. “We’re sharing information and content that can actually be used to help make great decisions when it comes to your money,” said Douglas Boneparth, president of New York City-based financial planning firm Bone Fide Wealth. Boneparth suggests getting involved (not through a hashtag) by following some of Fintwit leaders. CNBC’s own Josh Brown, who has dubbed himself “The Chairman of the Twitter Federal Reserve” said in a magazine profile about the rise of Fintwit, “Where else can an average investor log onto a website and communicate directly with Mohamed El-Erian (chief economic adviser at Allianz)?” He also is a former CEO from bond investing giant PIMCO.

Chairman of the Twitter Federal Reserve CNBC

If you use a financial advisor, there’s a chance they already are on Fintwit learning, too. Michael Policar, a Washington State-based wealth manager with HighTower Bellevue, recently documented his experience being on FinTwit after a year and was astonished at the value of the back-and-forth banter. “The information shared between members and then debated, seems like it would suffice for post-graduate education,” Policar wrote in a LinkedIn post. It is not just the tweets: Policar credits FinTwit with guiding him to free access to numerous blogs, podcasts and newsletters that increase his knowledge and network. After you’ve followed a few of FinTwit’s leading voices consider going through their profile to see who they follow. Many of them follow parody accounts. These accounts may not offer personal finance advice, but will certainly offer entertaining and satirical takes on market activity.

Follow the right people


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: aj horch, josh brown
Keywords: news, cnbc, companies, money, wisest, wall, streets, market, wealth, tips, investing, policar, information, fintwit, financial, follow, twitter


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American Airlines stock cratered this month but upside may follow, says JP Morgan

Bashing China could be the Democrats’ ticket to the White HouseThere’s a good chance the same voters who say they don’t like “Trump’s tariffs” will support them if they’re promoted by Warren, Sanders or Biden. But none of the candidates… Politicsread more


Bashing China could be the Democrats’ ticket to the White HouseThere’s a good chance the same voters who say they don’t like “Trump’s tariffs” will support them if they’re promoted by Warren, Sanders or Biden. But none of the candidates… Politicsread more
American Airlines stock cratered this month but upside may follow, says JP Morgan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, cratered, warren, morgan, tariffs, american, month, follow, stock, trumps, theyre, upside, jp, airlines, ticket, voters, white, support, sanders, say


American Airlines stock cratered this month but upside may follow, says JP Morgan

Bashing China could be the Democrats’ ticket to the White House

There’s a good chance the same voters who say they don’t like “Trump’s tariffs” will support them if they’re promoted by Warren, Sanders or Biden. But none of the candidates…

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, cratered, warren, morgan, tariffs, american, month, follow, stock, trumps, theyre, upside, jp, airlines, ticket, voters, white, support, sanders, say


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Kyle Bass says US interest rates will follow the rest of the world to zero — ‘This is insane’

Central banks are just getting started with monetary easing, hedge fund manager Kyle Bass said, predicting U.S. interest rates will keep falling and follow global interest rates all the way down to zero. All the money is going to come here,” Bass, founder and chief investment officer of Hayman Capital Management, told CNBC’s David Faber on Tuesday. Bass’ comments come as several central banks around the world have implemented stimulative policies to the point where around $15 trillion of global


Central banks are just getting started with monetary easing, hedge fund manager Kyle Bass said, predicting U.S. interest rates will keep falling and follow global interest rates all the way down to zero. All the money is going to come here,” Bass, founder and chief investment officer of Hayman Capital Management, told CNBC’s David Faber on Tuesday. Bass’ comments come as several central banks around the world have implemented stimulative policies to the point where around $15 trillion of global
Kyle Bass says US interest rates will follow the rest of the world to zero — ‘This is insane’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: fred imbert
Keywords: news, cnbc, companies, global, yields, zero, follow, rest, rates, insane, stimulative, kyle, bass, interest, going, central, world, rate, tool


Kyle Bass says US interest rates will follow the rest of the world to zero — 'This is insane'

Central banks are just getting started with monetary easing, hedge fund manager Kyle Bass said, predicting U.S. interest rates will keep falling and follow global interest rates all the way down to zero.

“We’re the only country that has an integer in front of our bond yields. We have 90% of the world’s investment-grade debt. We actually have rule of law and we have a decent economy. All the money is going to come here,” Bass, founder and chief investment officer of Hayman Capital Management, told CNBC’s David Faber on Tuesday.

Bass’ comments come as several central banks around the world have implemented stimulative policies to the point where around $15 trillion of global debt trades with a negative rate. Germany and France’s respective 10-year yields are in negative territory along with Japan’s benchmark rate. China has also implemented stimulative measures to mitigate slowing economic growth.

“This is insane. The Japanese are going to keep going. The Chinese print money like it’s a national pastime today. Europe is going to restart QE,” Bass said. “QE” refers to quantitative easing, a monetary stimulus tool used by central banks.

In the U.S., the Federal Reserve cut interest rates by 25 basis points last month, citing “global developments” and “muted inflation.” Market expectations for lower rates in September are also at 100%, according to the CME Group’s FedWatch tool.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: fred imbert
Keywords: news, cnbc, companies, global, yields, zero, follow, rest, rates, insane, stimulative, kyle, bass, interest, going, central, world, rate, tool


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Twitter rolls out a new feature to cut out irrelevant content when users follow a topic

Following topics on Twitter is a chaotic experience. On Tuesday, the company said that it’s using machine learning technology to filter out the noise and allow users to follow specific topics and see high-quality posts. Cleaning up the user experience is one of Twitter’s key challenges as it seeks to keep consumers engaged. The new follow feature is already being tested with some users of Twitter’s Android app and will be released to all users by the end of the year, said Kayvon Beykpour, Twitte


Following topics on Twitter is a chaotic experience. On Tuesday, the company said that it’s using machine learning technology to filter out the noise and allow users to follow specific topics and see high-quality posts. Cleaning up the user experience is one of Twitter’s key challenges as it seeks to keep consumers engaged. The new follow feature is already being tested with some users of Twitter’s Android app and will be released to all users by the end of the year, said Kayvon Beykpour, Twitte
Twitter rolls out a new feature to cut out irrelevant content when users follow a topic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, interest, key, twitters, topics, rolls, cut, twitter, irrelevant, follow, content, feed, feature, topic, users, product


Twitter rolls out a new feature to cut out irrelevant content when users follow a topic

Following topics on Twitter is a chaotic experience. You type in a matter of interest, like a particular sports team or an event, and your feed fills up with all sorts of irrelevant posts alongside the content you want.

Twitter recognizes the problem and is now working to fix it. On Tuesday, the company said that it’s using machine learning technology to filter out the noise and allow users to follow specific topics and see high-quality posts.

“The key thing here is to make it as easy to follow an interest as it is to follow an account,” said Sriram Krishnan, Twitter’s senior director of product management, at an event at the company’s San Francisco headquarters.

Cleaning up the user experience is one of Twitter’s key challenges as it seeks to keep consumers engaged. Last month, the company rolled out a redesigned homepage designed to create an “accessible and universal way to join the conversations [people] care about.”

That followed an earnings report, in which Twitter reported better-than-expected revenue and beat estimates for monetizable daily active users, or people who could be shown an ad on the app or website. The mDAUs figure increased 14% to 139 million. The stock is up 45% this year.

The new follow feature is already being tested with some users of Twitter’s Android app and will be released to all users by the end of the year, said Kayvon Beykpour, Twitter’s product lead, at Tuesday’s event.

After users follow a topic they care about, the new feature will show them a feed of relevant tweets from numerous accounts curated by Twitter’s algorithms. It will initially be focused on sports topics.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, interest, key, twitters, topics, rolls, cut, twitter, irrelevant, follow, content, feed, feature, topic, users, product


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The Fed is leading a global push to lower rates, and Europe is getting ready to follow suit

Turkey’s central bank is also expected to meet Thursday to cut rates, and the list of central banks now easing or getting ready to ease is long. Deutsche Bank economists said they expect all the central bank easing to help keep growth positive. They expect global growth of 3.2%, and central bank policy easing should keep the expansion going and limit downside risks. He does expect the ECB to cut rates in September and ultimately take its negative 0.4% discount rate to negative 0.6%. They could e


Turkey’s central bank is also expected to meet Thursday to cut rates, and the list of central banks now easing or getting ready to ease is long. Deutsche Bank economists said they expect all the central bank easing to help keep growth positive. They expect global growth of 3.2%, and central bank policy easing should keep the expansion going and limit downside risks. He does expect the ECB to cut rates in September and ultimately take its negative 0.4% discount rate to negative 0.6%. They could e
The Fed is leading a global push to lower rates, and Europe is getting ready to follow suit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: patti domm
Keywords: news, cnbc, companies, global, ecb, easing, getting, ready, leading, follow, fed, push, bank, rate, cut, central, interest, rates, suit, lower


The Fed is leading a global push to lower rates, and Europe is getting ready to follow suit

Jerome Powell, chairman of the U.S. Federal Reserve, right, walks with Mario Draghi, president of the European Central Bank (ECB), during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Friday, April 20, 2018. Andrew Harrer | Bloomberg | Getty Images

With global growth slowing, the world’s central banks are in a race to cut interest rates to boost their economies, and the European Central Bank is expected Thursday to weigh lowering its already-negative interest rate. The ECB could act, but strategists and economists say it’s much more likely the central bank will set the stage for an interest rate cut and other easing at its September meeting. The ECB meets ahead of the Fed’s much-anticipated vote next week, when it is expected to cut rates and begin a new cycle of interest rate reductions. “I think [the ECB] is going to lay out a framework for doing more in the way of rate cuts and quantitative easing, in keeping with what [ECB President Mario] Draghi said at the Sintra conference,” said Rick Rieder, BlackRock’s CIO of global fixed income. “They are going to do whatever it takes to try to stem some of this disappointment around inflation and growth. He raised the bar quite a bit. This is a very big meeting … Quite frankly, I think what the ECB is doing and what the other central banks are doing in cutting rates in some way forces the Fed’s hand.”

Turkey’s central bank is also expected to meet Thursday to cut rates, and the list of central banks now easing or getting ready to ease is long. It includes emerging markets like Vietnam and Brazil, as well as Australia, Russia, South Africa, South Korea, Chile and, Indonesia, among others. Deutsche Bank economists said they expect all the central bank easing to help keep growth positive. They expect global growth of 3.2%, and central bank policy easing should keep the expansion going and limit downside risks. “I think the phrase is ‘when the Fed sneezes, the world catches a cure,'” said Ethan Harris, head of global economic research at Bank of America Merrill Lynch The flurry of central banks cutting rates, even before the Federal Reserve, is somewhat unusual, Harris said. “You have this slow but steady diet of cuts all over the place. For a lot of the smaller countries, it’s much easier for them to cut when the Fed cuts because they don’t have to worry about an attack on their currency,” he said. “These are countries that have weakening economies that were hurting while the Fed was tightening and now they’re cutting ahead of the Fed. The Fed is giving them an opening.”

Fed’s actions ‘off the charts unprecedented’

The Fed kicked off a round of rate cuts when it sent a strong signal about its own policy shift, telling markets after its June meeting that it is concerned about the impact of trade wars and the slower global economy. The Fed statement after that meeting echoed earlier comments from Chairman Jerome Powell that the bank would take appropriate action to sustain the U.S. expansion. “There’s a case for easing in Europe, but it’s not pressing hard on them. What the Fed is doing now is off the charts unprecedented where they move without any hard evidence in the data, and the ECB is not in that frame of mind at all. They’re going to lag the Fed,” Harris said. He does expect the ECB to cut rates in September and ultimately take its negative 0.4% discount rate to negative 0.6%.

The ECB could also provide some details on more quantitative easing, or asset purchases. It now buys sovereign debt and some corporate bonds. It could discuss buying more corporates and even stocks. “That kind of thing is much further out. Their tool kit for the next few year includes many things. Buying stocks would be one. They could explicitly change the way they guide on interest rates,” Harris said. When the Fed cuts that should help weaken the dollar, which is viewed by the International Monetary Fund as being overvalued relative to its trading partners. Market speculation has circulated that the U.S. could intervene to weaken the dollar because of President Donald Trump’s repeated comments about other central banks being currency manipulators, but strategists doubt that the Trump administration would do such a thing.

Fighting against the trade war


Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: patti domm
Keywords: news, cnbc, companies, global, ecb, easing, getting, ready, leading, follow, fed, push, bank, rate, cut, central, interest, rates, suit, lower


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Follow Jeffrey Epstein’s money: Accused child sex trafficker has $56.4 million cash, even more in hedge funds, real estate, stocks

Jeffrey Epstein has a ton of cash on hand — but the accused child sex trafficker has even more more money tied up in hedge funds, private equity plays and real estate, a newly unsealed court document reveals. Judge Richard Berman on Monday said he would rule on whether to grant bail in the case on Thursday, and ordered Epstein’s assets disclosure unsealed. More than $179 million in stated assets comes from real estate, including Epstein’s private island in the U.S. Virgin Islands — Little St. Ja


Jeffrey Epstein has a ton of cash on hand — but the accused child sex trafficker has even more more money tied up in hedge funds, private equity plays and real estate, a newly unsealed court document reveals. Judge Richard Berman on Monday said he would rule on whether to grant bail in the case on Thursday, and ordered Epstein’s assets disclosure unsealed. More than $179 million in stated assets comes from real estate, including Epstein’s private island in the U.S. Virgin Islands — Little St. Ja
Follow Jeffrey Epstein’s money: Accused child sex trafficker has $56.4 million cash, even more in hedge funds, real estate, stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: dan mangan
Keywords: news, cnbc, companies, assets, disclosure, hedge, prosecutors, million, stocks, epstein, private, island, worth, follow, real, bail, jeffrey, funds, trafficker, sex, money, epsteins


Follow Jeffrey Epstein's money: Accused child sex trafficker has $56.4 million cash, even more in hedge funds, real estate, stocks

Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005.

Jeffrey Epstein has a ton of cash on hand — but the accused child sex trafficker has even more more money tied up in hedge funds, private equity plays and real estate, a newly unsealed court document reveals.

The document, filed by Epstein’s criminal defense lawyers and unsealed Monday, shows that the financier and registered sex offender is worth an estimated $559,120,954.

The filing was made last week as Epstein, 66, seeks release on bail following charges that he trafficked underage girls so they could visit his Manhattan and Palm Beach, Florida, mansions, where he allegedly sexually abused them.

Some of the dozens of girls that Epstein is accused of exploiting from 2002 to 2005 were as young as 14 years old, according to prosecutors. Those prosecutors, who want to keep him locked up pending trial without bail, have slammed the financial disclosure by Epstein for lacking details.

“His token effort to account for his finances makes painfully clear the need for detention,” prosecutors wrote in a filing to the judge arguing that Epstein should be locked up pending trial.

Epstein, a former friend of presidents Donald Trump and Bill Clinton, has pleaded not guilty. He pleaded guilty in 2008 to a Florida state charge of procuring an underage girl for prostitution, and served a 13-month jail term.

Judge Richard Berman on Monday said he would rule on whether to grant bail in the case on Thursday, and ordered Epstein’s assets disclosure unsealed.

Epstein’s lawyer told Berman he was authorized to consent to a bail package with strict conditions in the amount of up to $100 million.

Read: Financial Disclosure Form filed by Jeffrey Epstein’s defense lawyers

A big chunk of Epstein’s assets, roughly $195 million worth, is in hedge fund investments and private equity, according to the financial disclosure in Manhattan federal court.

Another $112.7 million of assets comes in the form of equities. Epstein listed just $14.3 million from fixed income securities.

More than $179 million in stated assets comes from real estate, including Epstein’s private island in the U.S. Virgin Islands — Little St. James — which is valued at $63 million.

That island has been derisively nicknamed “Pedophile Island” by locals.

Another island owned by Epstein in the Virgin Islands, Great St. James, is valued at almost $22.5 million.

Epstein’s defense lawyers value his Upper East Side townhouse in Manhattan at $55.9 million, citing his Jan. 1 property tax bill. But they note that federal prosecutors have claimed that the residence is worth $77 million.

Rounding out the real estate portfolio is Epstein’s New Mexico ranch, his Palm Beach home and a residence in Paris, France.

Epstein was arrested July 6 at at New Jersey airport after flying there on a private plane from France.

WATCH: The public is entitled to know where Epstein’s assets are from, says NYT’s Jim Stewart


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: dan mangan
Keywords: news, cnbc, companies, assets, disclosure, hedge, prosecutors, million, stocks, epstein, private, island, worth, follow, real, bail, jeffrey, funds, trafficker, sex, money, epsteins


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