Oil investors aren’t paying enough attention to this ‘red-hot’ conflict, says energy expert

The escalating conflict between the United States and Iran is a major trigger for oil prices, and it’s not getting enough attention from investors, said energy expert John Kilduff. The key level Kilduff is watching is the now-infamous $60-a-barrel threshold. West Texas Intermediate oil prices have been unable to break below that level since they crossed above it in late March. “If you’ve been watching [oil prices] closely, they seem to be hanging out right around the $62 level, which is sort of


The escalating conflict between the United States and Iran is a major trigger for oil prices, and it’s not getting enough attention from investors, said energy expert John Kilduff. The key level Kilduff is watching is the now-infamous $60-a-barrel threshold. West Texas Intermediate oil prices have been unable to break below that level since they crossed above it in late March. “If you’ve been watching [oil prices] closely, they seem to be hanging out right around the $62 level, which is sort of
Oil investors aren’t paying enough attention to this ‘red-hot’ conflict, says energy expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: lizzy gurdus, atta kenare, afp, getty images, drew angerer, getty images news, michael nagle, bloomberg, jeenah moon, david a grogan
Keywords: news, cnbc, companies, prices, energy, expert, trump, oil, investors, conflict, right, iran, kilduff, attention, paying, arent, really, level, watching, redhot, upside


Oil investors aren't paying enough attention to this 'red-hot' conflict, says energy expert

The escalating conflict between the United States and Iran is a major trigger for oil prices, and it’s not getting enough attention from investors, said energy expert John Kilduff.

“The situation with Iran is just off the charts right now in terms of being red-hot,” Kilduff, founding partner of Again Capital, said Thursday on CNBC’s “Futures Now.”

From the Trump administration’s increasingly hawkish position on Iran, to the U.S. military’s recent involvement in the region, to newly instated U.S. sanctions on Iran’s metal exports, “the potential for an incident … [is] really, really high,” Kilduff warned.

“They are experiencing economic strangulation that would make any sort of normal country act out at some point,” he said. “I think that’s what’s supporting this oil price. That’s why it can’t break down, because you are subject to coming in one morning with some kind of incident. I’m not saying a blockage of the Strait of Hormuz or something severe, but some kind of tit for tat that will spook this oil market to the upside in a big way.”

The key level Kilduff is watching is the now-infamous $60-a-barrel threshold. West Texas Intermediate oil prices have been unable to break below that level since they crossed above it in late March.

“Just this week, we got as low as $60.04 and we bounced back up,” Kilduff noted. “If you’ve been watching [oil prices] closely, they seem to be hanging out right around the $62 level, which is sort of the upside barrier. So, to the extent we can put in more time above that level, you’re really looking at, I think, an upside run more than anything else in the short term.”

That could spell trouble for President Donald Trump, who has called numerous times for international oil producers to drive down the price of crude.

But from an investor’s perspective, Kilduff sees the necessary support levels in place for oil to tick higher, with Saudi Arabia and Iraq poised to fill the gap left by the now-sanctioned Iran.

“Interestingly enough, though, the Saudis and the Iraqis have jacked up their prices to the Asian customers who have lost their Iranian barrels, so there’s a stinginess there,” Kilduff said. “The Saudis are not rushing to fill the gap like they did at the end of last year. So, again, another reason why these oil prices are somewhat supported right now.”

U.S. crude prices failed to hold above $62 on Thursday, settling at $61.70. They are down more than 6% from their 2019 high, but are still up nearly 36% year to date.

Also on Thursday, Iran appeared to restart oil shipments to Syria, according to companies that track maritime tankers, following a Wednesday announcement by Iran’s leaders that they would stop complying with certain facets of the 2015 nuclear deal.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: lizzy gurdus, atta kenare, afp, getty images, drew angerer, getty images news, michael nagle, bloomberg, jeenah moon, david a grogan
Keywords: news, cnbc, companies, prices, energy, expert, trump, oil, investors, conflict, right, iran, kilduff, attention, paying, arent, really, level, watching, redhot, upside


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Google cracks down on ads tracking you across the web, and advertisers are preparing for the worst

Google said it would be updating its Chrome browser to give users more information about how they’re being tracked across the web using cookies. The new Chrome feature was one of several Google announced Tuesday to show it’s a proponent of consumer privacy. And industry players wondered whether Google might give its own tracking preferential treatment while boxing out other players. Some experts wondered whether Google will have to play by the same rules as third-party advertisers, and whether i


Google said it would be updating its Chrome browser to give users more information about how they’re being tracked across the web using cookies. The new Chrome feature was one of several Google announced Tuesday to show it’s a proponent of consumer privacy. And industry players wondered whether Google might give its own tracking preferential treatment while boxing out other players. Some experts wondered whether Google will have to play by the same rules as third-party advertisers, and whether i
Google cracks down on ads tracking you across the web, and advertisers are preparing for the worst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: megan graham, carsten koall, getty images news, getty images
Keywords: news, cnbc, companies, tracking, ads, information, business, preparing, advertisers, privacy, cracks, changes, chrome, web, worst, players, google, cookies, users, tech


Google cracks down on ads tracking you across the web, and advertisers are preparing for the worst

Google said it would be updating its Chrome browser to give users more information about how they’re being tracked across the web using cookies.

The changes, among other moves in the digital world toward more privacy features, will likely have deep implications for how some advertising players target consumers online.

The new Chrome feature was one of several Google announced Tuesday to show it’s a proponent of consumer privacy. Apple has also tried to position itself as a champion for consumer privacy for its device owners. It recently unveiled a new version of its anti-tracking tool Intelligent Tracking Prevention, cutting a first-party cookie’s lifespan to track your browsing history. Apple has also highlighted its privacy features in commercials and billboard ads.

But Google’s changes could be a blow to other digital marketing companies, many of which use cookies to target ads and see whether they’re performing. And industry players wondered whether Google might give its own tracking preferential treatment while boxing out other players. Some players say they’re relieved about the immediate changes, but are preparing their businesses for a world where cookie usage is lessened.

“We are making a number of upcoming changes to Chrome to enable these features, starting with modifying how cookies work so that developers need to explicitly specify which cookies are allowed to work across websites — and could be used to track users,” Google engineers wrote in a blog post on the Chrome changes

Chrome will enable users to clear all of those cookies, while not affecting single domain cookies, which preserve things like logins and settings. Users will also be given clear information about which sites are setting these cookies “so users can make informed choices about how their data is used,” the post said.

In the post, Chrome developers also said the browser would more aggressively restrict “fingerprinting” — which they define as harder-to-detect methods of user tracking that subvert cookie controls — across the web, in part by “reducing the ways in which browsers can be passively fingerprinted, so that we can detect and intervene against active fingerprinting efforts as they happen.”

Some experts wondered whether Google will have to play by the same rules as third-party advertisers, and whether if Google cookies were blocked, the browser would still be able to track a user using their Google ID if they were logged in.

A Google spokesperson said the measures will apply to everyone, including Google.

But industry players like Dataxu CEO Mike Baker said he was worried whether Google might give its own ad tech business a free pass for being operated under the same brand. Dataxu is an advertising tech company that runs digital and linear TV advertising using data and analytics.

“Do Google’s self-defined rules of the road favor companies like Google that combine a consumer-facing business with an ad tech business (giving their own ad tech business a free pass because its operated under the same brand)?” Baker wrote in an email to CNBC. “And especially given the recent experience with Facebook, how do we know that Google or any other Big Tech company is actually doing what they say they are doing?”

A Deutsche Bank analyst said in a note in late March that Google could “inflame already high antitrust concerns if it does something in Chrome,” AdExchanger reported at the time.

Google wouldn’t provide any further details around how users would be shown information about cookies, or exactly how the information would be phrased.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: megan graham, carsten koall, getty images news, getty images
Keywords: news, cnbc, companies, tracking, ads, information, business, preparing, advertisers, privacy, cracks, changes, chrome, web, worst, players, google, cookies, users, tech


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Putin has ‘substantial’ talks with Kim at summit

Russian President Vladimir Putin said that North Korean leader Kim Jong Un wants to denuclearize but needs “security guarantees” to do so. Speaking after a high-profile summit with Kim, Putin said Russia favored denuclearization on the Korean Peninsula and Kim agreed, but said bilateral security guarantees were not enough. Putin said he didn’t know if it was time to resume six-way talks with North Korea to end a standoff over its nuclear weapons program. Putin said Thursday that a resumption of


Russian President Vladimir Putin said that North Korean leader Kim Jong Un wants to denuclearize but needs “security guarantees” to do so. Speaking after a high-profile summit with Kim, Putin said Russia favored denuclearization on the Korean Peninsula and Kim agreed, but said bilateral security guarantees were not enough. Putin said he didn’t know if it was time to resume six-way talks with North Korea to end a standoff over its nuclear weapons program. Putin said Thursday that a resumption of
Putin has ‘substantial’ talks with Kim at summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: holly ellyatt, mikhail svetlov, getty images news, getty images
Keywords: news, cnbc, companies, security, korea, talks, north, kim, guarantees, russian, summit, substantial, nuclear, putin, korean


Putin has 'substantial' talks with Kim at summit

Russian President Vladimir Putin said that North Korean leader Kim Jong Un wants to denuclearize but needs “security guarantees” to do so.

Speaking after a high-profile summit with Kim, Putin said Russia favored denuclearization on the Korean Peninsula and Kim agreed, but said bilateral security guarantees were not enough.

Putin said he didn’t know if it was time to resume six-way talks with North Korea to end a standoff over its nuclear weapons program. The “six-party talks” had taken place between North and South Korea, the U.S., Japan, Russia and China in the early 2000s, but collapsed in 2009 when North Korea pulled out, saying it would resume its nuclear enrichment program in order to boost its nuclear deterrent.

Putin said Thursday that a resumption of such talks “will help provide international security guarantees,” Reuters reported.

Earlier Thursday, Putin had said he had a “substantial discussion” with North Korean leader Kim Jong Un about the Korean Peninsula Thursday, but gave little detail.

He said he and Kim exchanged views on how to improve the situation in the region, Reuters reported. Kim, meanwhile, reportedly said both leaders discussed how to “strategically improve regional stability.”

“We just had a thorough face-to-face conversation,” Putin said, according to Russian news agency Tass.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: holly ellyatt, mikhail svetlov, getty images news, getty images
Keywords: news, cnbc, companies, security, korea, talks, north, kim, guarantees, russian, summit, substantial, nuclear, putin, korean


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Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday. Tesla has not traded below $100 since mid-2013. Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling. “There’


Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday. Tesla has not traded below $100 since mid-2013. Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling. “There’
Tesla should be valued at less than $100 a share, investor says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: keris lahiff, mark ralston, afp, getty images, kevin frayer, lindsey wasson, david becker, getty images news, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, share, need, 100, level, stock, stockton, tesla, hold, company, thats, valued, trading, support, investor


Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months.

One strategist said it should get even worse for the electric car maker.

“This is a company that has a cult following – people that believe that [Elon Musk] is changing the world – and that’s the only reason this stock is trading at $260. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday.

Tepper said its true valuation should be even lower.

“If I were to believe Tesla’s stories, with a 35% projected earnings growth rate, even at a PEG [price/earnings to growth] ratio that’s at a premium to the market, you still can’t value the stock at over $100 a share and $100 is on the very high end,” he said.

Tesla has not traded below $100 since mid-2013. It would need to drop 62% to reach that level.

A storm of headwinds are coming for the company, which could shake the stock, Tepper said. He mentioned an expiring tax credit, which could hurt demand, and increased competition, which means the company is jockeying for customers over price as well as quality.

“Quite frankly my biggest issue is management doesn’t execute on what they say. I don’t need management selling me a bill of goods. I want execution and you’re not getting that from Tesla,” said Tepper.

Tesla has not responded to a request for comment.

Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling.

“There’s a very strong support level right around $250 for Tesla so we really want to see that level hold to preserve the long-term neutral bias of the chart,” Stockton said Tuesday on “Trading Nation.” “The latest down move that we’ve seen has been significant. It has marked underperformance. It’s very rare right now to see in the marketplace a stock that actually topped last December and this is one of those few, but we need some stabilization near support to get convinced that we have a basing phase in place for Tesla.”

“I also feel like to me that the support is likely to hold because we have seen a slight loss of downside momentum,” Stockton said.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: keris lahiff, mark ralston, afp, getty images, kevin frayer, lindsey wasson, david becker, getty images news, kcna, thomas barwick getty images
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NYC measles outbreak worsens as infections near 400, including 2 pregnant women

Almost 400 people in New York City have contracted measles since the outbreak began in October, according to new data from the New York City Health Department. Two pregnant women have also contracted the infection, including one in the past month, city officials said. Most cases are still coming out of an outbreak in Brooklyn’s Williamsburg and Borough Park neighborhoods. “These cases are stark reminders of why New Yorkers must get vaccinated against the measles as soon as possible. Experts worr


Almost 400 people in New York City have contracted measles since the outbreak began in October, according to new data from the New York City Health Department. Two pregnant women have also contracted the infection, including one in the past month, city officials said. Most cases are still coming out of an outbreak in Brooklyn’s Williamsburg and Borough Park neighborhoods. “These cases are stark reminders of why New Yorkers must get vaccinated against the measles as soon as possible. Experts worr
NYC measles outbreak worsens as infections near 400, including 2 pregnant women Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jessica bursztynsky, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, women, outbreak, 400, city, worsens, cases, infections, york, yorkers, risk, nyc, health, including, near, pregnant, williamsburg, measles, vaccinated


NYC measles outbreak worsens as infections near 400, including 2 pregnant women

Almost 400 people in New York City have contracted measles since the outbreak began in October, according to new data from the New York City Health Department.

Thirty one new cases have been confirmed in the last week, health officials said Wednesday, bringing the city’s total to 390 over the last several months. Two pregnant women have also contracted the infection, including one in the past month, city officials said.

Most cases are still coming out of an outbreak in Brooklyn’s Williamsburg and Borough Park neighborhoods. Williamsburg, where 323 cases have been reported, is home to a tightly-knit Orthodox Jewish population, where vaccine hestitancy is rising.

“These cases are stark reminders of why New Yorkers must get vaccinated against the measles as soon as possible. When we do not get vaccinated, we put our friends, our relatives, our neighbors, our classmates and other fellow New Yorkers at risk,” Health Commissioner Dr. Oxiris Barbot said in a statement.

New York City Mayor Bill de Blasio declared a public health emergency April 9 and ordered all people in certain neighborhoods to get vaccinated or face a $1,000 fine. The city has issued summonses to 12 people for failing to comply with the city’s order.

Experts worried the start of Passover this past weekend could increase the risk of spreading measles as families gathered for the eight-day holiday.

“Currently, the outbreak remains intensely focused in Williamsburg where vaccination rates must continue to improve,” Deputy Commissioner Dr. Demetre Daskalakis said in a statement.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jessica bursztynsky, spencer platt, getty images news, getty images
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Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w


Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w
Twitter is surging and the rally shows no signs of slowing, chart analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35

Twitter is surging.

The stock rose more than 10% in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high.

Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge.

“Even though Snap and Facebook have seen a series of nice higher highs and higher lows, they’re getting very extended and very overbought,” Maley said.

Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain.

Twitter has “been stuck in a sideways range for six months now and you really have to go back to June before it was really rallying in any significant way,” Maley said Monday on CNBC’s “Trading Nation.”

Twitter had ping-ponged in a tight range between roughly $26 and $35. It had not traded above that level since mid-2018 until Tuesday when it broke out above $38.

It now needs to hold that level through to the close, said Maley.

“If it can hold above that range ($36.25 is the top of that range on a closing basis), it’s going to be quite positive,” Maley said in an email on Tuesday. “It hasn’t attracted any ‘momentum money’ for 10 months. If it continues to break above that range over the coming days, it’s going to attract some of that momentum money (much like FB did after they reported their 4th quarter earnings).”

Twitter led the XLC communications services sector ETF higher Tuesday. The ETF has added 20% in 2019, outpacing the 16% gain of the S&P 500.

However, Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, says to steer clear of the group.

“We would avoid this altogether,” Morganlander said on “Trading Nation” on Monday. “In fact, because of the concentration risk about 40% of this sector is based off of two companies and the other top 10, it’s basically 70%.”

Alphabet has the largest weighting in the XLC, contributing 24%, and Facebook chases with a 19% weighting. The next three components – Disney, Comcast and Netflix, contribute more than 15%.

“Our viewpoint is that the social media companies as well as some of the search companies are stretched at this inflection point,” said Morganlander.

Disclosure: Comast owns CNBC parent NBCUniversal, which is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


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Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w


Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w
Twitter is surging and the rally shows no signs of slowing, chart analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35

Twitter is surging.

The stock rose more than 10% in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high.

Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge.

“Even though Snap and Facebook have seen a series of nice higher highs and higher lows, they’re getting very extended and very overbought,” Maley said.

Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain.

Twitter has “been stuck in a sideways range for six months now and you really have to go back to June before it was really rallying in any significant way,” Maley said Monday on CNBC’s “Trading Nation.”

Twitter had ping-ponged in a tight range between roughly $26 and $35. It had not traded above that level since mid-2018 until Tuesday when it broke out above $38.

It now needs to hold that level through to the close, said Maley.

“If it can hold above that range ($36.25 is the top of that range on a closing basis), it’s going to be quite positive,” Maley said in an email on Tuesday. “It hasn’t attracted any ‘momentum money’ for 10 months. If it continues to break above that range over the coming days, it’s going to attract some of that momentum money (much like FB did after they reported their 4th quarter earnings).”

Twitter led the XLC communications services sector ETF higher Tuesday. The ETF has added 20% in 2019, outpacing the 16% gain of the S&P 500.

However, Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, says to steer clear of the group.

“We would avoid this altogether,” Morganlander said on “Trading Nation” on Monday. “In fact, because of the concentration risk about 40% of this sector is based off of two companies and the other top 10, it’s basically 70%.”

Alphabet has the largest weighting in the XLC, contributing 24%, and Facebook chases with a 19% weighting. The next three components – Disney, Comcast and Netflix, contribute more than 15%.

“Our viewpoint is that the social media companies as well as some of the search companies are stretched at this inflection point,” said Morganlander.

Disclosure: Comast owns CNBC parent NBCUniversal, which is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


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Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p


Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC. Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. Stretch p
Markets are underplaying the risk of the UK government imploding, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


Markets are underplaying the risk of the UK government imploding, strategist says

Investors are underestimating the potential for the U.K. government to “implode,” resulting in a snap general election, a senior foreign exchange strategist told CNBC.

Sterling volatility has fallen sharply in recent weeks after Brussels and Westminster agreed to delay Britain’s departure date by up to six months, removing any immediate risks of a no-deal Brexit. Such an eventuality would have hit the pound by as much as 10%, according to Jeremy Stretch, the head of G-10 currency strategy at CIBC.

Consequently, bets against the pound — known as short-selling — have pared to nine-month lows, but analysts still remain bearish on the outlook for sterling in all Brexit eventualities. The pound has gained nearly 2% on the dollar since the turn of the year but it started this week below $1.30 as the British parliament returned from its Easter break.

Stretch pointed to a lack of substantive progress in negotiating the stalemate between the Conservative government and the opposition Labour Party as driving this caution.

“Ongoing political uncertainty raises the prospect of a perpetuation of precautionary saving (at the expense of spending) and postponement in business investment, impacting underlying growth potential,” Stretch said

“The risk of the Brexit process extending towards October 31 risks taking the Bank of England out of the equation in 2019, underlining that for now, ongoing Brexit paralysis favors significant sterling impetus proving to be delayed, if not yet derailed.”

Stretch suggested that a negotiated exit remains the most likely outcome, and although the timing of such an event remains unclear, the tail risks of a hard Brexit remain modest.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: elliot smith, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, remains, pound, westminster, stretch, risk, strategist, markets, imploding, risks, remain, underplaying, potential, sterling, uk, brexit, weeks


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Brexit talks resume as May’s leadership comes under renewed pressure

Brexit talks between the U.K. government and the main opposition Labour party have resumed after lawmakers returned to work following the Easter break. A spokesperson for U.K. Prime Minister Theresa May told reporters Tuesday that the talks will “require compromise on both sides.” A customs union is an agreement that allows partaking countries to set common external tariffs, allowing goods to travel freely between those countries. The draft proposal between the U.K. and EU does not include a cus


Brexit talks between the U.K. government and the main opposition Labour party have resumed after lawmakers returned to work following the Easter break. A spokesperson for U.K. Prime Minister Theresa May told reporters Tuesday that the talks will “require compromise on both sides.” A customs union is an agreement that allows partaking countries to set common external tariffs, allowing goods to travel freely between those countries. The draft proposal between the U.K. and EU does not include a cus
Brexit talks resume as May’s leadership comes under renewed pressure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: david reid, thierry monasse, getty images news, getty images
Keywords: news, cnbc, companies, mays, leadership, comes, renewed, eu, pressure, resume, talks, countries, customs, union, trade, labour, uk, brexit, prime


Brexit talks resume as May's leadership comes under renewed pressure

Brexit talks between the U.K. government and the main opposition Labour party have resumed after lawmakers returned to work following the Easter break.

A spokesperson for U.K. Prime Minister Theresa May told reporters Tuesday that the talks will “require compromise on both sides.”

Asked if the government could agree retaining a customs union wit the EU to secure a deal with Labour, the spokesman said: “You know the prime minister’s position with regard to the importance of being able to do trade deals.”

A customs union is an agreement that allows partaking countries to set common external tariffs, allowing goods to travel freely between those countries. The draft proposal between the U.K. and EU does not include a customs union as supporters of Brexit say it prevents the right to strike fresh trade deals.

Earlier this month, May agreed another new Brexit date with EU leaders. It delays the U.K.’s departure until October 31, 2019.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: david reid, thierry monasse, getty images news, getty images
Keywords: news, cnbc, companies, mays, leadership, comes, renewed, eu, pressure, resume, talks, countries, customs, union, trade, labour, uk, brexit, prime


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Disney CEO Bob Iger earns 1,000 times as much as a typical employee

If you’re Abigail Disney, the granddaughter of the Disney company’s co-founder Roy Disney, the tipping point is about $66 million — or what Disney CEO Bob Iger earned last year. In a series of tweets posted on April 21, Abigail Disney criticized the level of compensation Iger receives, stating that “by any objective measure a pay ratio over a thousand is insane.” The $65.7 million Iger earned last year is indeed more than 1,000 times the median salary of all Disney employees, which is $46,127, a


If you’re Abigail Disney, the granddaughter of the Disney company’s co-founder Roy Disney, the tipping point is about $66 million — or what Disney CEO Bob Iger earned last year. In a series of tweets posted on April 21, Abigail Disney criticized the level of compensation Iger receives, stating that “by any objective measure a pay ratio over a thousand is insane.” The $65.7 million Iger earned last year is indeed more than 1,000 times the median salary of all Disney employees, which is $46,127, a
Disney CEO Bob Iger earns 1,000 times as much as a typical employee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kerri anne renzulli, jeff kravitz, filmmagic, inc, getty images, bloomberg, stephen brashear, getty images news, chris ratcliffe, scott mlyn
Keywords: news, cnbc, companies, earns, executives, sp, typical, ceo, 1000, employee, pay, according, million, bob, times, iger, median, disney, compensation


Disney CEO Bob Iger earns 1,000 times as much as a typical employee

Chief executives have long earned some of the largest paychecks in America, but at what point does their compensation defy reason? If you’re Abigail Disney, the granddaughter of the Disney company’s co-founder Roy Disney, the tipping point is about $66 million — or what Disney CEO Bob Iger earned last year.

In a series of tweets posted on April 21, Abigail Disney criticized the level of compensation Iger receives, stating that “by any objective measure a pay ratio over a thousand is insane.”

The $65.7 million Iger earned last year is indeed more than 1,000 times the median salary of all Disney employees, which is $46,127, according to a study from Equilar. Thanks to incentives associated with his contract extension, that imbalance amounted to a paycheck 1,424 times greater than his workers’ in 2018. (This year, his compensation is projected to be a more modest $35 million.)

And while the median income for chief executives was $189,600 in 2018, according to the Bureau of Labor Statistics, Iger is not alone in receiving multi-million dollar packages for his efforts at the helm of a company. Median compensation for 132 chief executives of S&P 500 companies hit $12.4 million last year, according to the Wall Street Journal.

But Iger’s much higher pay doesn’t make him an outlier. In fact, Iger joins a fairly full club of CEOs who earn over a 1,000 times more than their typical employee does, according to a report complied earlier this month by MyLogIQ, an aggregator of public company information, which looked at 325 proxy statements filed by S&P 500 companies to the Securities and Exchange Commission.

On this form, companies must disclose the ratio of CEO compensation compared to the median compensation of its employees. It’s up to the organization to determine how they will calculate this median employee pay figure, meaning some ratios may be more reflective of the earnings of full-time staff, while others may factor in the wages of part-time and seasonal workers, arriving at lower overall median pay.

Below are the 12 other S&P 500 industry titans also earning an “insane” amount compared to their staff’s typical paychecks, if we go by Abigail Disney’s definition.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: kerri anne renzulli, jeff kravitz, filmmagic, inc, getty images, bloomberg, stephen brashear, getty images news, chris ratcliffe, scott mlyn
Keywords: news, cnbc, companies, earns, executives, sp, typical, ceo, 1000, employee, pay, according, million, bob, times, iger, median, disney, compensation


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