5 things to know before the stock market opens Monday

Drew Angerer |Getty ImagesU.S. stock futures were pointing to a lower open on Monday on Veterans Day. Alibaba’s Singles Day hit sales recordA screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019. AFP | Getty ImagesChinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping eve


Drew Angerer |Getty ImagesU.S. stock futures were pointing to a lower open on Monday on Veterans Day.
Alibaba’s Singles Day hit sales recordA screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019.
AFP | Getty ImagesChinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping eve
5 things to know before the stock market opens Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, card, market, apple, day, york, things, dimon, opens, getty, uber, credit, singles, stock, know, sales


5 things to know before the stock market opens Monday

1. Dow faces pressure at open

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell on October 2, 2019 in New York City. Drew Angerer |Getty Images

U.S. stock futures were pointing to a lower open on Monday on Veterans Day. Stocks on Wall Street trade on a normal schedule, but the bond market is closed for the holiday. The Dow Jones Industrial Average, S&P 500 and Nasdaq all finished at record highs again Friday. In the week ahead, President Donald Trump speaks Tuesday during an Economic Club of New York luncheon. Federal Reserve Chairman Jerome Powell appears on Capitol Hill on Wednesday and Thursday. House Democrats open public impeachment hearings this week. However, markets have so far ignored the process and see a conviction of the president by the Republican-controlled Senate as unlikely.

2. Alibaba’s Singles Day hit sales record

A screen shows the gross merchandise volume, a measure of sales, after 12 minutes 49 seconds of Singles Day sales, as it reaches about 7,147,554,107 USD in Hangzhou in China’s eastern Zhejiang province early on November 11, 2019. AFP | Getty Images

Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping event. Gross merchandise value, a figure that shows sales across Alibaba’s various shopping platforms, surpassed last year’s nearly $30.5 billion Monday afternoon local time, and kept rising through the rest of the day. Pop star Taylor Swift played songs from her new album “Lover” to open the event. Singles Day, 11/11, has its origins as an unofficial holiday started by Chinese college students getting together to celebrate being single. Alibaba started offering discounts to singles in 2009 and it took off and became a global online shopping phenomenon.

3. Goldman Sachs’ Apple Card under scrutiny

Source: Apple

The New York Department of Financial Services is launching an investigation into the credit card practices of Goldman Sachs after a tech entrepreneur accused the bank’s Apple Credit Card algorithm of discriminating against women when determining credit card limits. David Heinemeier Hansson, creator of website builder software Ruby on Rails, condemned Apple Card for providing him a credit limit that is 20 times higher than his wife, even though the couple files joint tax returns and his wife has a higher credit score. Hansson’s tweet went viral and got a comment from Apple co-founder Steve Wozniak, who alleged that Apple Card gave him 10 times the credit limit that his wife received.

4. Dimon faces questions about US wealth gap

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images

The growing wealth gap separating the rich from the rest of the U.S. is an issue that needs to be resolved, J.P. Morgan Chase CEO Jamie Dimon told CBS’ “60 Minutes” in an interview that aired Sunday. Dimon also deflected questions about his $31 million in compensation in 2018. He said J.P. Morgan’s board sets his salary. “I have nothing to do with it,” he said, and reiterated there are solutions to income inequality, such as changing the minimum wage and lowering taxes for the poor and the middle class.

5. Uber CEO regrets comments he made about murdered journalist

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images

Uber CEO Dara Khosrowshahi expressed regret for describing the murder of journalist Jamal Khashoggi as a “mistake.” Khosrowshahi made his original remarks to “Axios on HBO” TV series. Referring to the government of Saudi Arabia, the Uber chief told the show, “I think that government said that they made a mistake.” Asked by CNBC for comment, an Uber representative pointed to Khosrowshahi’s statement to Axios expressing regret for the language he used on the show. “I said something in the moment that I do not believe. When it comes to Jamal Khashoggi, his murder was reprehensible and should not be forgotten or excused,” according to the statement.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: matthew j belvedere
Keywords: news, cnbc, companies, card, market, apple, day, york, things, dimon, opens, getty, uber, credit, singles, stock, know, sales


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These are the NFL’s 10 richest billionaire owners

Indeed, it takes a healthy net worth to purchase an NFL team (though, some owners were lucky enough to inherit their teams). As recently as May 2018, hedge fund billionaire David Tepper became the latest person to buy an NFL team when he shelled out a record $2.2 billion to purchase the Carolina Panthers. Allen died at 65 from complications of non-Hodgkin’s lymphoma in October 2018, leaving behind a fortune worth more than $20 billion. Here are the 10 wealthiest NFL owners, based on Forbes’ esti


Indeed, it takes a healthy net worth to purchase an NFL team (though, some owners were lucky enough to inherit their teams).
As recently as May 2018, hedge fund billionaire David Tepper became the latest person to buy an NFL team when he shelled out a record $2.2 billion to purchase the Carolina Panthers.
Allen died at 65 from complications of non-Hodgkin’s lymphoma in October 2018, leaving behind a fortune worth more than $20 billion.
Here are the 10 wealthiest NFL owners, based on Forbes’ esti
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Company: cnbc, Activity: cnbc, Date: 2019-11-10  Authors: tom huddleston jr
Keywords: news, cnbc, companies, nfls, team, getty, nfl, owners, worth, company, owner, bought, richest, tepper, billionaire, business, billion


These are the NFL's 10 richest billionaire owners

There’s no doubt that professional football is big business, as evidenced by the fact that the NFL pulled in roughly $16 billion in revenue over the 2018-2019 season. That number represented about a 5% bump from the previous season, and the league’s revenue is only expected to keep climbing as the NFL has its sights set on reaching the $25 billion mark by 2027. With those massive numbers in mind, it’s no surprise that the owners of the 32 NFL franchises count many billionaires among them, as the average value of an NFL team increased 11% to $2.86 billion this year, according to Forbes’ latest estimate. Indeed, it takes a healthy net worth to purchase an NFL team (though, some owners were lucky enough to inherit their teams). As recently as May 2018, hedge fund billionaire David Tepper became the latest person to buy an NFL team when he shelled out a record $2.2 billion to purchase the Carolina Panthers. Less than a year later, Tepper also became the wealthiest NFL owner with the passing of former Seattle Seahawks owner and Microsoft co-founder Paul Allen (the Seahawks are now owned by Allen’s trust and run by his sister, Jody Allen). Allen died at 65 from complications of non-Hodgkin’s lymphoma in October 2018, leaving behind a fortune worth more than $20 billion.

Allen’s death left Tepper as both the newest and the wealthiest NFL owner, as the hedge fund manager boasts an estimated net worth of $12 billion, according to Forbes. Here are the 10 wealthiest NFL owners, based on Forbes’ estimates of their net worth.

David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC

1. David Tepper, 62, Carolina Panthers

Net worth: $12 billion Tepper founded his hedge fund, Appaloosa Management, in 1993 after he was passed over for a promotion at Goldman Sachs and quit the banking giant. Tepper grew Appaloosa into a global hedge fund giant that managed roughly $14 billion in assets before he began to wind down the investment business in May 2019 to focus on running the Panthers franchise he bought a year earlier.

Stan Kroenke David Price | Arsenal FC | Getty Images)

2. Stan Kroenke, 72, Los Angeles Rams et al.

Net worth: $9.7 billion The NFL’s second-wealthiest owner is the man who brought professional football back to Los Angeles for the first time since 1995 (he moved the Rams there from St. Louis before the 2016 season). Kroenke made his billions as a real estate developer who also happens to be married to Wal-Mart heiress Ann Walton. In addition to the Rams, Kroenke owns a vast portfolio of sports teams that also includes the English Premier League team Arsenal, the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche.

Dallas Cowboys owner Jerry Jones signs autographs prior to the NFL regular season game game between the Dallas Cowboys and the New York Jets at AT&T Stadium in Arlington, Texas. Matthew Visinsky | Icon Sportswire | Getty Images

3. (Tied) Jerry Jones, 77, Dallas Cowboys

Net worth: $8.5 billion Jones bought the Cowboys in 1989 for roughly $140 million and he’s overseen a successful, three-decade run that has included three Super Bowl wins while increasing the team’s value to $5.5 billion, which is by far the highest valuation of any NFL team, according to Forbes. Now a billionaire, Jones originally inherited millions of dollars from his father’s insurance firm and used that money to start his own successful oil and gas exploration company, which served as the source of the money he used to buy the Cowboys. In 2018, Jones’ oil and gas company, Comstock Resources, acquired rival Covey Park Energy in a $2.2 billion deal.

In this Thursday, Dec. 15, 2011, photo, new Jacksonville Jaguars owner Shahid Khan looks up toward the stands while walking the sidelines before the start of an NFL football game between the Jaguars and Atlanta Falcons in Atlanta. (AP Photo/David Goldman) David Goldman

3. (Tied) Shahid Khan, 69, Jacksonville Jaguars

Net worth: $8.5 billion Khan bought the Jaguars for about $760 million in 2011 to become the league’s first ethnic minority owner. Born in Pakistan, Khan moved to the U.S. as a teenager to attend college at the University of Illinois at Urbana-Champaign, where he worked as a dishwasher making $1.20 an hour to help cover his tuition costs. While still in school, he later landed a job at the auto parts manufacturer Flex-N-Gate as an engineer. Khan left the company to start his own business, Bumper Works, in 1978 and went on to make a fortune making lightweight car bumpers. In 1980, Khan bought Flex-N-Gate and combined it with Bumper Works, and the company now reportedly sees roughly $7.5 billion in annual revenue, as of October 2018.

Stephen Ross Dan Mescon | CNBC

5. Stephen Ross, 79, Miami Dolphins

Net worth: $7.6 billion Ross is a former tax attorney who founded his private real estate business in the 1970s with a $10,000 loan from his mother. Today, that business — Related Companies — owns a portfolio of assets valued at more than $60 billion that includes huge developments like Time Warner Center and Hudson Yards in New York City, along with stakes in companies like luxury fitness brands Equinox and SoulCycle (which faced some recent backlash as a result of Ross’s fundraising on behalf of President Donald Trump).

Owner of the New England Patriots Robert Kraft walks on the field prior to the game against the New Orleans Saints at the Mercedes-Benz Superdome on September 17, 2017 in New Orleans, Louisiana. Chris Graythen | Getty Images Sport | Getty Images

6. Robert Kraft, 78, New England Patriots

Net worth: $6.9 billion Kraft started his career working for his father-in-law’s packaging company before branching out to found his own paper products business, called International Forest Products. He later bought out his father-in-law and combined the two companies, building one of the world’s largest suppliers of paper products and packaging materials. He bought the Patriots in 1994 for about $175 million and the franchise is currently valued at $4.1 billion after winning six championships in the past two decades.

Atlanta Falcons owner Arthur Blank Todd Kirkland | Icon Sportswire | Corbis | Getty Images

7. Arthur Blank, 77, Atlanta Falcons

Net worth: $5.5 billion In 1978, Blank co-founded The Home Depot with partner Bernie Marcus after they’d both been fired from executive jobs at a hardware store chain that later went out of business. Blank spent nearly two decades as president of The Home Depot before taking over for Marcus as CEO for four years, and then retiring in 2001. He bought the Falcons for $545 million in 2002, and the franchise is now valued at more than $2.75 billion, according to Forbes.

Buffalo Bills owner Terry Pegula. Brett Carlsen | Getty Images

8. Terry Pegula, 68, Buffalo Bills

Net worth: $4.9 billion Pegula made his fortune in the natural gas business, building a multi-billion dollar empire through the controversial practice of “fracking.” His company, East Resources, sold most of its assets to Royal Dutch Shell for $4.7 billion in 2010. Pegula used some of those assets to build a portfolio of sports properties, including the NHL’s Buffalo Sabres and the Bills. He and wife Kim bought the NFL team in 2014 for $1.4 billion after winning a competitive bidding process that also included musician Jon Bon Jovi and future President Donald Trump.

Baltimore Ravens owner Steve Bisciotti. Scott Taetsch | Getty Images

9. Stephen Bisciotti, 59, Baltimore Ravens

Net worth: $4.5 billion When he was just 23, Bisciotti founded a staffing company with his cousin out of a basement office in Annapolis, Maryland. That company eventually became Allegis Group, which is now the largest private staffing firm in the country, with annual revenue topping $12 billion as of 2018. He paid a total of about $600 million to buy the Ravens, starting out as a minority owner in 2000 before acquiring the full ownership stake four years later. The franchise is valued at $2.75 billion today.

Houston Texans’ Janice McNair. Jordon Kelly | Icon Sportswire via Getty Images

10. Janice McNair, 83, Houston Texans


Company: cnbc, Activity: cnbc, Date: 2019-11-10  Authors: tom huddleston jr
Keywords: news, cnbc, companies, nfls, team, getty, nfl, owners, worth, company, owner, bought, richest, tepper, billionaire, business, billion


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5 things to know before the stock market opens Friday

Leah Millis | ReutersThere’s disagreement in the White House over whether the U.S. and China agreed to roll back tariffs as part of an initial trade deal. White House economic advisor Larry Kudlow told Bloomberg, “If there’s a ‘phase one’ trade deal, there are going to be tariff agreements and concessions.” The notion that tariff relief might be on its way, put forward by Chinese officials, powered the stock market higher Thursday. Disney CEO Bob Iger told CNBC’s Julia Boorstin post-earnings tha


Leah Millis | ReutersThere’s disagreement in the White House over whether the U.S. and China agreed to roll back tariffs as part of an initial trade deal.
White House economic advisor Larry Kudlow told Bloomberg, “If there’s a ‘phase one’ trade deal, there are going to be tariff agreements and concessions.”
The notion that tariff relief might be on its way, put forward by Chinese officials, powered the stock market higher Thursday.
Disney CEO Bob Iger told CNBC’s Julia Boorstin post-earnings tha
5 things to know before the stock market opens Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, york, ceo, house, bloomberg, things, trade, disney, know, white, gap, opens, getty, stock, dow, market


5 things to know before the stock market opens Friday

1. Dow set to open higher, Treasury yields dip after big surge

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell on October 2, 2019 in New York City. Drew Angerer |Getty Images

The Dow Jones Industrial Average was tracking for a higher open on Wall Street on Friday, a day after another record close. The S&P 500 also finished at a record Thursday. The Dow and S&P 500 were on pace to continue their weekly winning streaks, barring a major sell-off Friday. After just five November trading days, the Dow was already up 2.3% for the month and the S&P 500 was up 1.6%. In the bond market, Treasury yields were steady Friday morning after surging on Thursday the most since the election of President Donald Trump. The 10-year Treasury move brought the yield to its highest level since August. (CNBC)

2. Navarro vs. Kudlow on tariffs future in a ‘phase one’ US-China trade deal

White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. Leah Millis | Reuters

There’s disagreement in the White House over whether the U.S. and China agreed to roll back tariffs as part of an initial trade deal. Trump trade advisor Peter Navarro told Fox Business on Thursday evening, “There is no agreement at this time to remove any of the existing tariffs as a condition of the ‘phase one’ deal.” White House economic advisor Larry Kudlow told Bloomberg, “If there’s a ‘phase one’ trade deal, there are going to be tariff agreements and concessions.” The notion that tariff relief might be on its way, put forward by Chinese officials, powered the stock market higher Thursday.

3. Disney shares soar on strong earnings days ahead of streaming service launch

The Walt Disney Company Chairman and CEO Bob Iger Kimberly White | Getty Images Entertainment | Getty Images

Dow stock Walt Disney was soaring 6% in the premarket after the media and theme park giant reported late Thursday quarterly earnings and revenue that beat expectations. The results come just days before the launch of the Disney+ video streaming service. Disney CEO Bob Iger told CNBC’s Julia Boorstin post-earnings that Disney+ is “ready to go” for Tuesday’s rollout. Iger also said Disney+ will be distributed on Amazon’s Fire TV. Amazon said its customers can sign up for a seven-day free trial before being charged $6.99 per month.

4. Gap CEO steps down and retailer warns about its full-year outlook

Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC

Gap shares were sinking about 9% in premarket trading after the struggling retailer said after the bell Thursday that CEO Art Peck is stepping down. Robert Fisher, son of Gap’s founders, is taking the job on an interim basis. Gap also warned on full-year guidance. Peck, who was CEO since 2015, announced in February plans to split the retailer into two publicly traded companies in 2020 — one company would house its faster-growing Old Navy brand, while the second would include Gap, Banana Republic and its other brands such as Athleta.

5. Mike Bloomberg inches closer to joining the presidential race

Former New York City Mayor and founder of Bloomberg Philanthropies Mike Bloomberg Jim Watson | AFP | Getty Images

Billionaire businessman Mike Bloomberg is preparing to enter the Democratic presidential primary. However, NBC News reports that the move does not necessarily mean Bloomberg, 77, was announcing a campaign. A top advisor to Bloomberg released a statement, saying the former New York City mayor wants to see Trump defeated and grows “increasingly concerned that the current field of candidates is not well positioned to do that.” Bloomberg had been a registered Republican and independent, as well as a Democrat. He re-registered as a Democrat a month before the party took back the House of Representatives in the 2018 midterm election.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, york, ceo, house, bloomberg, things, trade, disney, know, white, gap, opens, getty, stock, dow, market


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Make these 6 moves now to be financially prepared for retirement

Here are the steps you should take today to begin building your retirement savings. An online retirement savings calculator such as the one AARP offers can help you gauge whether you are on the right spending and savings track. If you’re already retired and on Medicare, be sure you’re making the most of your coverage options. Give back nowHero Images | Hero Images | Getty ImagesFinancial donations after you die will be welcome, but what about considering donating your time and energy while in re


Here are the steps you should take today to begin building your retirement savings.
An online retirement savings calculator such as the one AARP offers can help you gauge whether you are on the right spending and savings track.
If you’re already retired and on Medicare, be sure you’re making the most of your coverage options.
Give back nowHero Images | Hero Images | Getty ImagesFinancial donations after you die will be welcome, but what about considering donating your time and energy while in re
Make these 6 moves now to be financially prepared for retirement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: kenneth kiesnoski michelle fox, kenneth kiesnoski, michelle fox, pub michelle-fox
Keywords: news, cnbc, companies, images, youre, moves, getty, looking, retirement, sure, estate, prepared, savings, good, financially, plan


Make these 6 moves now to be financially prepared for retirement

It’s never too early to start planning for your retirement. While the task may seem daunting, it’s important to make sure you have enough set aside for your golden years. It’s something that many Americans are struggling with. According to the Federal Reserve, 26% of nonretirees say they have nothing saved for retirement. Here are the steps you should take today to begin building your retirement savings.

1. Gaze into your cash crystal ball

Try to paint a picture as best you can of what your ideal retirement will look like — and how much it will cost you. An online retirement savings calculator such as the one AARP offers can help you gauge whether you are on the right spending and savings track.

2. Get a health checkup

Prapass Pulsub | Moment | Getty Images

Take the pulse of your retirement health-care plans. Are you still working? If that’s the case, make sure you’re taking advantage of a health savings account if you have a high-deductible insurance plan. An HSA not only helps with medical expenses; it can also be a good retirement-savings choice. If you’re already retired and on Medicare, be sure you’re making the most of your coverage options. For example, if your medication needs have changed or are evolving, shop around to see if your Part D prescription plan is still the best fit. Looking further ahead, weigh the alternatives for long-term care should the need arise; long-term care insurance might be worth considering, depending on your financial situation.

3. Keep your estate plan up to date

Tetra Images | Tetra images | Getty Images

Be sure to check that all your estate documents — such as last wills and testaments, trusts, medical directives and powers of attorney — comply with the laws of the state where you’re retiring. Go over the provisions of those documents to ensure they’re still relevant. Take steps to address any possible concerns about estate taxes. Make certain the beneficiary information on all accounts is up to date; no matter what’s specified in your will, beneficiaries listed on specific accounts, such as IRAs, will inherit those funds. Also, now’s a good time to think about the societal legacy you may want to leave through charitable gifts.

4. Give back now

Hero Images | Hero Images | Getty Images

Financial donations after you die will be welcome, but what about considering donating your time and energy while in retirement? Now that you’ll likely have more time on your hands, consider picking a cause or two and lending a hand. Schools, hospitals, libraries and many nonprofit organizations are often actively looking for hands-on help.

5. Fine-tune your portfolio

Rafe Swan | Getty Images

You may have your money mainly in a target-date fund that keeps your investment mix of stocks, bonds, cash and other assets appropriate for your retirement time horizon. Still, it’s a good idea to ensure your asset allocation is where you want it. Remember, portfolio growth and market shifts can alter your allocation when you’re not looking. And, the closer you get to actual retirement — or if you’re already there — the more conservative an allocation you’ll want. Also, keep track of the fees you’re paying in funds and consider lower-cost alternatives.

6. Pick a planner


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: kenneth kiesnoski michelle fox, kenneth kiesnoski, michelle fox, pub michelle-fox
Keywords: news, cnbc, companies, images, youre, moves, getty, looking, retirement, sure, estate, prepared, savings, good, financially, plan


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Here are 3 tips to get the most out of your employee benefits for 2020

Employers are rolling out their benefits packages for 2020, and that means it’s time for you to choose your health-care, life insurance and disability coverage for the new year. Review your medical coverageJetta Productions | Getty ImagesEmployers and workers alike are shelling out a lot of money for health insurance. Regardless of how you proceed, always think about the co-pays, deductibles and out-of-pocket maximums as you compare benefits. Go over 401(k) contributionsdesigner491 | iStock | Ge


Employers are rolling out their benefits packages for 2020, and that means it’s time for you to choose your health-care, life insurance and disability coverage for the new year.
Review your medical coverageJetta Productions | Getty ImagesEmployers and workers alike are shelling out a lot of money for health insurance.
Regardless of how you proceed, always think about the co-pays, deductibles and out-of-pocket maximums as you compare benefits.
Go over 401(k) contributionsdesigner491 | iStock | Ge
Here are 3 tips to get the most out of your employee benefits for 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: darla mercado, patrick b healey, founder, president of caliber financial partners, joseph bartholomew
Keywords: news, cnbc, companies, medical, health, family, financial, getty, deductibles, line, benefits, youre, tips, plan, 401k, employee, 2020


Here are 3 tips to get the most out of your employee benefits for 2020

This fall, resist the temptation to just re-elect all of last year’s workplace benefits. Employers are rolling out their benefits packages for 2020, and that means it’s time for you to choose your health-care, life insurance and disability coverage for the new year. Failure to pay attention means you could miss out on valuable opportunities that could help you defray medical and childcare costs, as well as shave a few bucks off your tax bill. “Take a look and see if there are new options and features that would really make a difference in your financial life,” said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners in Irvine, California. Here’s where to begin.

Review your medical coverage

Jetta Productions | Getty Images

Employers and workers alike are shelling out a lot of money for health insurance. Combined health spending by a company and a worker with a family of four hit $22,885 in 2018, according to data from Kaiser Family Foundation. That figure includes premium contributions by both parties, as well as families’ out-of-pocket spending on deductibles, copayments and coinsurance. Take a moment to consider the extent to which you used your benefits this year. If you’re young, healthy and manage to avoid visiting the doctor, a high-deductible plan with a health savings account might be an appropriate choice for you.

These plans often come with lower premiums, as well as the opportunity to save pre-tax or tax-deductible dollars in a so-called HSA. Money in an HSA accumulates free of taxes and may be used for qualified medical expenses tax-free as well. On the other hand, a more traditional plan — such as a preferred provider organization — might be a better option if you and your family regularly use health care. They might also be worth a look if you’d have trouble affording a higher deductible. These PPOs tend come with higher premiums but lower deductibles. “Perhaps you don’t need that rich medical benefit, but maybe you do,” said Sun. “Go through it line item by line item.” Regardless of how you proceed, always think about the co-pays, deductibles and out-of-pocket maximums as you compare benefits.

Go over 401(k) contributions

designer491 | iStock | Getty Images

If you’re already contributing to your workplace 401(k), congratulations! Now think about what you can do to squirrel away a few more dollars. “I would love to challenge you to increase your 401(k) contributions,” said Sun. If you’re already saving enough to qualify for the employer match, consider raising your contribution next year.” Some plans include an automatic escalation feature, which will bump up your contribution by a percentage point or two in the new year. More from Invest in You:

Some 401(k) mistakes could cost you thousands

This millennial turned a ghost town into a travel destination

How’s your financial health? Get your checkup now Even if your plan does this, take a minute to see if you can save a little more and get a sense of how it might affect your take-home pay. “What you’ll find is that if you increase your 401(k) contribution, it won’t impact your bottom line that much, but it will make a big difference in your financial future,” said Sun.

Revisit your beneficiaries

Jose Luis Pelaez Inc | DigitalVision | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: darla mercado, patrick b healey, founder, president of caliber financial partners, joseph bartholomew
Keywords: news, cnbc, companies, medical, health, family, financial, getty, deductibles, line, benefits, youre, tips, plan, 401k, employee, 2020


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5 things to know before the stock market opens Monday

Dow set to open at record highsTraders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty ImagesU.S. stock futures were pointing to an all-time high for the Dow Jones Industrial Average at Monday’s open on Wall Street. The Dow would join the S&P 500 and Nasdaq, which both hit intraday highs and record closes last week. The stock market has been resilient this year in the face of up-and-down headlines on the U.S. and China trade


Dow set to open at record highsTraders and financial professionals work on the floor of the New York Stock Exchange.
Drew Angerer | Getty Images News | Getty ImagesU.S. stock futures were pointing to an all-time high for the Dow Jones Industrial Average at Monday’s open on Wall Street.
The Dow would join the S&P 500 and Nasdaq, which both hit intraday highs and record closes last week.
The stock market has been resilient this year in the face of up-and-down headlines on the U.S. and China trade
5 things to know before the stock market opens Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: matthew j belvedere
Keywords: news, cnbc, companies, market, tesla, dow, know, armour, opens, company, model, easterbrook, mcdonalds, getty, stock, things, battery


5 things to know before the stock market opens Monday

1. Dow set to open at record highs

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images

U.S. stock futures were pointing to an all-time high for the Dow Jones Industrial Average at Monday’s open on Wall Street. The Dow would join the S&P 500 and Nasdaq, which both hit intraday highs and record closes last week. The stock market has been resilient this year in the face of up-and-down headlines on the U.S. and China trade war and Federal Reserve interest rate cuts. After Wall Street tanked into the last few months of 2018, the Dow, S&P 500 and Nasdaq have fought back since their Christmas Eve lows, with gains of more than 25%, 30% and 35%, respectively, since then.

2. McDonald’s fires CEO for a consensual relationship with an employee

Steve Easterbrook, president and chief executive officer of McDonald’s Corp., walks the grounds after a morning session during the Allen & Co. Media and Technology conference in Sun Valley, Idaho, U.S., on Wednesday, July 12, 2017. David Paul Morris | Bloomberg | Getty Images

Dow stock McDonald’s was falling more than 2% in Monday’s premarket, a day after the board of the fast food chain fired CEO Steve Easterbrook for violating company policy by having a consensual relationship with an employee. McDonald’s said Easterbrook would be replaced by USA President Chris Kempczinski, effective immediately. “This was a mistake,” Easterbrook wrote in an email. “Given the values of the company, I agree with the board that it is time for me to move on.”

3. Under Armour shares tank after company confirms accounting probe

People walks past a Under Armour clothing store in Siam Center, Bangkok. Guillaume Payen | SOPA Images | LightRocket | Getty Images

Shares of Under Armour were tanking about 13% in premarket trading after the company confirms it’s the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices. On Monday, Under Armour, while reporting better than expected quarterly earnings and revenue, cut its 2019 sales outlook. All this comes after founder Kevin Plank, in a surprise move last month, announced he’ll step aside as CEO on Jan. 1, to be replaced by COO Patrik Frisk. Plank plans to transition to executive chairman and brand chief.

4. Federal regulators looking into Tesla battery fires

Federal regulators have began an investigation into “certain battery management system software updates” in all Tesla Model S and Model X vehicles from model-year 2012 through 2019, in response to an “alarming number of car fires that have occurred worldwide.” The probe concerns battery fires that are not related to an accident or physical damage to the batteries. Car and Driver magazine first reported the investigation Friday, getting a statement from the National Highway Traffic Safety Administration which read in part, “NHTSA has received a defect petition regarding the battery management software in certain Tesla Model S and Model X vehicles.”

5. Trump impeachment process advances as more Americans support removal

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Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: matthew j belvedere
Keywords: news, cnbc, companies, market, tesla, dow, know, armour, opens, company, model, easterbrook, mcdonalds, getty, stock, things, battery


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5 things to know before the stock market opens Thursday

The Nasdaq was looking to buck the Thursday down trend, with Apple and Facebook shares up sharply in the premarket after the tech giants reported better-than-expected quarterly earnings and revenues. The Dow and Nasdaq, as of Wednesday’s close, were each less than 1% away from their July record highs. Facebook posted earnings of $2.12 per share in the third quarter on quarterly revenue of $17.65 billion. Prakash Singh | AFP | Getty ImagesAs Facebook was reporting earnings late Wednesday, Twitter


The Nasdaq was looking to buck the Thursday down trend, with Apple and Facebook shares up sharply in the premarket after the tech giants reported better-than-expected quarterly earnings and revenues.
The Dow and Nasdaq, as of Wednesday’s close, were each less than 1% away from their July record highs.
Facebook posted earnings of $2.12 per share in the third quarter on quarterly revenue of $17.65 billion.
Prakash Singh | AFP | Getty ImagesAs Facebook was reporting earnings late Wednesday, Twitter
5 things to know before the stock market opens Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: matthew j belvedere
Keywords: news, cnbc, companies, know, fiat, billion, twitter, shares, juul, getty, political, facebook, nasdaq, earnings, opens, market, stock, things


5 things to know before the stock market opens Thursday

1. Stocks set for lower open on worries about US-China trade deal

Spencer Platt | Getty Images News | Getty Images

U.S. stock futures were largely pointing to a lower Thursday open on Wall Street after Bloomberg reported that Chinese officials have been casting doubt over the possibility of a long-term trade deal with the U.S. The S&P 500 was coming off another record close Wednesday as the Federal Reserve cut interest rates for the third time this year and signals no rate hikes until inflation rises “significantly.” The Nasdaq was looking to buck the Thursday down trend, with Apple and Facebook shares up sharply in the premarket after the tech giants reported better-than-expected quarterly earnings and revenues. The Dow Jones Industrial Average, S&P 500 and Nasdaq were all tracking higher for the month ahead of the final day of October, Halloween. The Dow and Nasdaq, as of Wednesday’s close, were each less than 1% away from their July record highs.

2. Altria writes down investment in Juul by $4.5 billion

A Juul Labs Inc. e-cigarette, USB charger, and flavored pods are arranged for a photograph in the Brooklyn Borough of New York. Gabby Jones | Bloomberg | Getty Images

Altria said Thursday it wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings. Since Altria invested $12.8 billion for a 35% stake in Juul late last year, the e-cigarette maker has been embroiled in controversy and regulator scrutiny. Juul is largely blamed for fueling an epidemic of teen vaping. Consumers are also questioning the safety of e-cigarettes, with the outbreak of a mysterious vaping-related lung injury. Altria, behind the Marlboro and other traditional smoking brands, saw adjusted third-quarter earnings and revenue actually beat expectations. Shares were higher in the premarket.

3. Apple and Facebook beat on earnings and revenues

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC

The strong earnings from Apple and Facebook were pushing those stocks higher in premarket trading Thursday. In its fiscal fourth-quarter, Apple reported after-the-bell Wednesday earnings of $3.03 per share on quarterly revenue of $64 billion. Although Apple’s iPhone business was down 9% year-over-year, the company signaled that it expects a big holiday quarter. Facebook posted earnings of $2.12 per share in the third quarter on quarterly revenue of $17.65 billion. Facebook said it counts more than 2.8 billion monthly users across the its family of apps, up slightly from the previous quarter.

4. Twitter, unlike Facebook, decides to stop taking political ads

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images

As Facebook was reporting earnings late Wednesday, Twitter said it would no longer allow political ads. Without naming Facebook or Mark Zuckerberg, Twitter CEO Jack Dorsey seemed to take a shot at his rival’s policy to keep accepting political ads. Zuckerberg on Facebook’s earnings conference call defended that decision. Like at Facebook, political ad spending on Twitter is a relatively small portion of the business. President Donald Trump’s 2020 presidential campaign manager called Dorsey’s announcement “a very dumb decision.”

5. Fiat Chrysler and Peugeot confirm deal to create the world’s fourth-largest automaker

The Fiat logo is displayed at a Fiat dealership on June 06, 2019 in Burlingame, California. Justin Sullivan | Getty Images

Fiat Chrysler and Peugeot confirmed on Thursday their intention to merge, in what would be a 50-50 stock swap to create the world’s fourth-largest automaker. The new company’s shares will be listed in New York, Paris and Milan, with FCA’s John Elkann becoming the chairman of the new company and Peugeot’s Carlos Tavares becoming its CEO. Shares of Peugeot in France were sinking about 13% on Thursday morning, while shares of Fiat Chrysler in the U.S. were up about 3.5% in premarket trading.


Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: matthew j belvedere
Keywords: news, cnbc, companies, know, fiat, billion, twitter, shares, juul, getty, political, facebook, nasdaq, earnings, opens, market, stock, things


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California firefighters ready for battle again as Santa Ana winds whip up new wildfires

Fire is seen near Getty Center in Los Angeles, the United States, Oct. 28, 2019. Thousands of residents were forced to evacuate their homes after a fast-moving wildfire erupted early Monday morning near the famous Getty Center in Los Angeles in the western U.S. state of California. Fast-moving Santa Ana winds are expected to blast through Southern California on Wednesday, whipping up new wildfires after a brief respite for firefighters on Tuesday. The Santa Ana winds blowing westward off the des


Fire is seen near Getty Center in Los Angeles, the United States, Oct. 28, 2019.
Thousands of residents were forced to evacuate their homes after a fast-moving wildfire erupted early Monday morning near the famous Getty Center in Los Angeles in the western U.S. state of California.
Fast-moving Santa Ana winds are expected to blast through Southern California on Wednesday, whipping up new wildfires after a brief respite for firefighters on Tuesday.
The Santa Ana winds blowing westward off the des
California firefighters ready for battle again as Santa Ana winds whip up new wildfires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-30
Keywords: news, cnbc, companies, angeles, winds, ready, los, battle, santa, center, ana, wildfires, whip, getty, near, warning, thousands, california, seen, firefighters, states


California firefighters ready for battle again as Santa Ana winds whip up new wildfires

Fire is seen near Getty Center in Los Angeles, the United States, Oct. 28, 2019. Thousands of residents were forced to evacuate their homes after a fast-moving wildfire erupted early Monday morning near the famous Getty Center in Los Angeles in the western U.S. state of California.

Fast-moving Santa Ana winds are expected to blast through Southern California on Wednesday, whipping up new wildfires after a brief respite for firefighters on Tuesday.

The National Weather Service (NWS) issued a rare “extreme red flag” warning for wildfires.

“I don’t know if I’ve ever seen us use this warning,” said NWS forecaster Marc Chenard. “It’s pretty bad.”

The Santa Ana winds blowing westward off the desert and mountains into Los Angeles and Orange County are expected to reach sustained speeds of 50 to 70 mph Wednesday and into Thursday, Chenard said.

Firefighters got ready to do battle again after a day of light breezes that helped them gain ground against a blaze displacing thousands of Los Angeles residents near the Getty Center museum. Strike teams and equipment were posted on standby at strategic points throughout the state.

City arson investigators said on Tuesday the Getty fire was likely to have been caused by a broken tree branch being blown into power lines during high winds on Monday morning.

Electricity remained cut off to roughly half a million homes and businesses in northern and central California on Tuesday as a precaution by the state’s largest utility.


Company: cnbc, Activity: cnbc, Date: 2019-10-30
Keywords: news, cnbc, companies, angeles, winds, ready, los, battle, santa, center, ana, wildfires, whip, getty, near, warning, thousands, california, seen, firefighters, states


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A 3-Step guide to mastering Singapore ‘street food’

Singapore may be referred to as Asia 101, but it’s common to arrive at this culinary paradise and get schooled by the local food scene. Unlike other Asian cities, Singapore’s “street food” is no longer found on the streets. Food Republic, Kopitiam, Koufu and Food Junction are some of the food court operators with multiple outlets in Singapore. A plate of Chinese noodles with pork char siew and wontons sold in local food centre of Singapore. Tiong Bahru Food Centre — For a touch of sweet, there’s


Singapore may be referred to as Asia 101, but it’s common to arrive at this culinary paradise and get schooled by the local food scene.
Unlike other Asian cities, Singapore’s “street food” is no longer found on the streets.
Food Republic, Kopitiam, Koufu and Food Junction are some of the food court operators with multiple outlets in Singapore.
A plate of Chinese noodles with pork char siew and wontons sold in local food centre of Singapore.
Tiong Bahru Food Centre — For a touch of sweet, there’s
A 3-Step guide to mastering Singapore ‘street food’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: nicole frank
Keywords: news, cnbc, companies, singapore, local, fried, centre, chicken, food, rice, guide, getty, 3step, street, mastering, dish


A 3-Step guide to mastering Singapore 'street food'

Singapore may be referred to as Asia 101, but it’s common to arrive at this culinary paradise and get schooled by the local food scene. Unlike other Asian cities, Singapore’s “street food” is no longer found on the streets. Starting in the late 1960s, the government moved to formally resettle street vendors into organized centers with seating and strict sanitation requirements. But where to start? Here is a guide to satisfy the most apprehensive to the most adventurous of palates.

Step 1: Food courts

Food courts are located in malls, office buildings and shopping centers around the island. They are clean and air-conditioned, and for many visitors, they’re the easiest way to sample local cuisine. Food Republic, Kopitiam, Koufu and Food Junction are some of the food court operators with multiple outlets in Singapore. To get started, consider: Fitra Hainanese Chicken Rice at Wisma Atria — As the name implies, Fitra (which is halal) serves up Hainanese chicken rice, the unofficial dish of the city-state. A generous helping of rice is cooked with chicken stock, garlic, ginger and pandan leaves and then served with either poached or roasted chicken. Small dishes of dark soya sauce, chili and garlic accompany the dish, with cucumber spears on the side.

Hainanese chicken rice in Singapore. Nuttapol Puntavachirapan | Moment | Getty Images

HK Roast, Food Republic at Manulife Centre — Char siew wonton noodles are a savory dish of noodles, green vegetables (often cai-xin), roasted pork and boiled wontons filled with pork. It comes dry or in a soup — state your preference when you order.

A plate of Chinese noodles with pork char siew and wontons sold in local food centre of Singapore. Calvin Chan Wai Meng | Moment | Getty Images

Indian Express, Rasapura Masters at The Shoppes at Marina Bay — This spot is popular for naan (Indian flat bread cooked in a tandoor). Choose it plain or with butter, garlic or cheese, tear into small bites and dunk it into a dish of butter chicken.

Step 2: Hawker centers

Hawker centers are open-air food markets, usually with covered seating. Certain hawker centers, due to their location or reputation, are popular with tourists, including: Lau Pa Sat — Every night at 7:00 p.m., a street adjacent to this center is closed to cars and filled with tables and stools so customers can eat under the night sky in the Central Business District. These evenings are famous for satay (stall Nos. 7 and 8), which are small sticks of barbecued lamb, chicken or beef dipped in peanut sauce.

A grill and skewer expert at work at Lau Pa Sat hawker center’s famous Satay Street in Singapore. Aaron Massarano | iStock | Getty Images

Newton Food Centre — Arguably the most popular center of all (even before it was featured in “Crazy Rich Asians”), this spot is famous for many dishes, including the carrot cake at Heng (stall No. 01-28), a 2018 Bib Gourmand Winner. Not to be confused with the Western dessert, this is a savory dish of steamed white radish and rice flour fried with egg, preserved radish and spices. Order it white (plain) or black (fried with dark soy sauce) and with or without chili.

Chai tow kway, or carrot cake, from a hawker centre in Singapore. GolePhotography | iStock | Getty Images

Glutton’s Bay, Esplanade — For a local twist on a classic bar food, try the prawn paste chicken at Hong Kong Street Old Chun Kee stall. This dish of chicken wings fried with spices and fermented prawn paste is great to share with friends or wash back with a Tiger beer. This hawker center overlooks Marina Bay and has convenient public transportation options nearby. If you’re lucky, there may be a free outdoor concert courtesy of the Esplanade too.

Step 3: Hidden gems

If you’ve mastered (or have no interest in) the touristy spots and are looking to go local, there is: Adam Road Food Centre —Selera Rasa Nasi Lemak serves nasi lemak, a Malay breakfast favorite. The rice, cooked with coconut and pandan, is served with small, fried ikan bilis (anchovies), peanuts, a fried egg, sambal chili and cucumber slices. You can add on fried chicken, otak (fish paste and spices grilled in a banana leaf), fish cake or fried fish, depending on your taste.

BBQ stingray with spring onions and red chillies paste. tang90246 | iStock | Getty Images

Chomp Chomp Food Centre — This center in Serangoon Gardens is best visited in the off-hours, as it’s uber popular with locals. Hai Wei Yuan B.B.Q. (stall No. 1), has excellent stingray, which is slathered in sambal chili and barbecued in a banana leaf. Tiong Bahru Food Centre — For a touch of sweet, there’s Tian Tian Yuan Dessert House. Ice desserts are cool and refreshing, and you’ll find over 50 options here with a variety of toppings like flavored syrups, colored jellies, creamed corn and condensed milk.

Ice kachang, a shaved ice dessert. Studio Paggy | IZA Stock | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: nicole frank
Keywords: news, cnbc, companies, singapore, local, fried, centre, chicken, food, rice, guide, getty, 3step, street, mastering, dish


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Everything Jim Cramer said about the stock market on ‘Mad Money,’ including S&P 500 highs, Microsoft JEDI contract, consumer economy, cyclical stocks

CNBC’s Jim Cramer attributes the market’s rise to record levels to both consumer and business demand. The “Mad Money” host breaks down how performances in luxury brands reflect consumer strength. Later in the show Cramer lays out what the $10 billion defense contract awarded to Microsoft means for the computer maker’s cloud services. Xinhua News Agency | Getty ImagesDemand is driving Wall Street toward new all-time highs, CNBC’s Jim Cramer said Monday. Drew Angerer | Getty Images News | Getty Im


CNBC’s Jim Cramer attributes the market’s rise to record levels to both consumer and business demand.
The “Mad Money” host breaks down how performances in luxury brands reflect consumer strength.
Later in the show Cramer lays out what the $10 billion defense contract awarded to Microsoft means for the computer maker’s cloud services.
Xinhua News Agency | Getty ImagesDemand is driving Wall Street toward new all-time highs, CNBC’s Jim Cramer said Monday.
Drew Angerer | Getty Images News | Getty Im
Everything Jim Cramer said about the stock market on ‘Mad Money,’ including S&P 500 highs, Microsoft JEDI contract, consumer economy, cyclical stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: tyler clifford
Keywords: news, cnbc, companies, getty, money, host, jim, microsoft, jedi, consumer, record, dow, mad, stocks, market, including, stock, points, cramer


Everything Jim Cramer said about the stock market on 'Mad Money,' including S&P 500 highs, Microsoft JEDI contract, consumer economy, cyclical stocks

CNBC’s Jim Cramer attributes the market’s rise to record levels to both consumer and business demand. The “Mad Money” host breaks down how performances in luxury brands reflect consumer strength. Later in the show Cramer lays out what the $10 billion defense contract awarded to Microsoft means for the computer maker’s cloud services.

Demand is the catalyst in the market’s rise toward record levels

Traders work at the New York Stock Exchange. Xinhua News Agency | Getty Images

Demand is driving Wall Street toward new all-time highs, CNBC’s Jim Cramer said Monday. The S&P 500 rose nearly 17 points, or 0.56%, setting a record close of 3,039.42, and the Nasdaq Composite expanded nearly 83 points, or 1.01%, missing its record close by about 4 points. The Dow Jones Industrial Average added more than 132 points, or 0.49%, though the 30-stock average is still about 400 points off its all-time high. The S&P 500 set a previous closing high of 3,025.86 in late July. The index bounced from an intraday low of 2,822.12 in early August, according to FactSet, to stage a roughly 7.7% gain through Monday’s market end. “Without strong demand, the averages never would have made it this far,” the “Mad Money” host said. He added that a trade truce between the U.S. and China helped “a host of flailing stocks to get their mojo back.”

Luxury brands show that the domestic consumer is in great shape

Cruise ship anchored off the shore of Grand Cayman Island, Royal Caribbean cruise liner Mariner of the Sea MyLoupe | Universal Images Group | Getty Images

Strong stock performances in the high-end consumer discretionary space show the broader U.S. economy “may be in better shape” than investors are led to believe, Cramer said. Cramer, using the charts of technician Bob Lang, a colleague and publisher of ExplosiveOptions.net, looked at some of the top names in the consumer discretionary sector. That includes a host of nonessential goods and services such as motor homes, cruises, snowmobiles and timeshares. “That’s about as discretionary as it gets,” the host said. “These kinds of stocks only work when the consumer’s willing to spend and banks are willing to lend.”

The force is with Microsoft after winning JEDI contract

Microsoft CEO Satya Nadella (L) and Amazon CEO Jeff Bezos visit before a meeting of the White House American Technology Council in the State Dining Room of the White House June 19, 2017 in Washington, DC. Chip Somodevilla | Getty Images

The U.S. Defense Department gave Microsoft “the best possible validation they could get” in awarding a multi-billion dollar defense deal to the company’s cloud platform over Amazon, Cramer said. On the other end of the spectrum, losing out on the potential $10 billion contract is not a “big deal for Amazon,” the host said. The request for proposals came down to two of the most valuable companies by market cap. “The Pentagon’s basically saying that Microsoft’s cloud platform is just as good as Amazon’s, or at least close enough for government work,” said Cramer, adding that it’s “much more significant win for Microsoft Azure than it would be for Amazon Web Services.”

Cyclical stocks are showing resilience, may go higher

A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the open on Friday morning. In a television interview on Friday morning, National Economic Council Director Larry Kudlow said he believes there is ‘no recession in sight.’ Drew Angerer | Getty Images News | Getty Images

Cyclical stocks have been one of the biggest surprises of earnings season. Cramer said he has a theory to explain it. The host laid out five reasons why these stocks have been resilient — and what it means for investors.

Dow and AT&T are worth buying

Randall Stephenson, chairman and chief executive officer of AT&T. David Becker | Bloomberg | Getty Images

In an environment where the bond market offers little payout — the yield on the 10-year U.S. Treasury is 1.85% — Dow and AT&T offer both higher yields and potential opportunities for growth, Cramer said. “I recommend buying some here, and then maybe wait for the Fed to say something boneheaded on Wednesday that slams the market, or maybe the Labor Department’s nonfarm payroll on Friday shows a surprise drop, you can buy some more then into weakness,” he said. “Be patient. Dow and AT&T are now, in a safe way, paying you to wait.

Cramer’s lightning round


Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: tyler clifford
Keywords: news, cnbc, companies, getty, money, host, jim, microsoft, jedi, consumer, record, dow, mad, stocks, market, including, stock, points, cramer


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