Cramer’s lightning round: ‘I’m not going against Alibaba’

BlackBerry: “Well, he was wrong and that’s interesting. That guy don’t go breaking my heart with that stock. … Don’t go breaking my heart with BlackBerry.” Alibaba: “I happen to think that Home Depot is terrific, my charitable trust owns it, but I’m not going against Alibaba because they had a good quarter.” They’re great specs, and this one is a great spec, and that’s how I look at it.”


BlackBerry: “Well, he was wrong and that’s interesting.
That guy don’t go breaking my heart with that stock.
… Don’t go breaking my heart with BlackBerry.”
Alibaba: “I happen to think that Home Depot is terrific, my charitable trust owns it, but I’m not going against Alibaba because they had a good quarter.”
They’re great specs, and this one is a great spec, and that’s how I look at it.”
Cramer’s lightning round: ‘I’m not going against Alibaba’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: tyler clifford
Keywords: news, cnbc, companies, round, dont, abbvie, heart, wouldnt, going, lightning, cramers, alibaba, think, thats, breaking, yes, wrong, great


Cramer's lightning round: 'I'm not going against Alibaba'

BlackBerry: “Well, he was wrong and that’s interesting. That guy don’t go breaking my heart with that stock. … Don’t go breaking my heart with BlackBerry.”

KeyCorp: “I think KeyBank is a nice, simple story.”

Gilead Sciences: “I’ve got so many great drug stocks. I don’t need Gilead. By the way, you see Warren Buffet picked up his position in Biogen. I think that you should go for AbbVie. AbbVie is better. So is Bristol-Myers.”

Alibaba: “I happen to think that Home Depot is terrific, my charitable trust owns it, but I’m not going against Alibaba because they had a good quarter.”

Inmode: “Yes, Inmode. No, we’re believers. We wouldn’t leave that one, even if we tried. I think you should stick with it.”

Solaredge Technologies: “Because of your state and the rules, these solar companies have gone up. They’re great specs, and this one is a great spec, and that’s how I look at it.”


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: tyler clifford
Keywords: news, cnbc, companies, round, dont, abbvie, heart, wouldnt, going, lightning, cramers, alibaba, think, thats, breaking, yes, wrong, great


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Post-tax cut job gains weren’t quite as great as initially thought

“The new data show that the trend in job growth stepped down in 2016 and has been little changed, net, since then.” Benchmark revisions to the March 2019 payrolls number showed the economy created 514,000 fewer jobs than initially reported over the previous 12-month period. That high-powered job growth following the 2017 tax cut lost a little of its sizzle Friday after the government released revised figures over the past year. For all of 2019, job gains were 175,000 a month, according to monthl


“The new data show that the trend in job growth stepped down in 2016 and has been little changed, net, since then.”
Benchmark revisions to the March 2019 payrolls number showed the economy created 514,000 fewer jobs than initially reported over the previous 12-month period.
That high-powered job growth following the 2017 tax cut lost a little of its sizzle Friday after the government released revised figures over the past year.
For all of 2019, job gains were 175,000 a month, according to monthl
Post-tax cut job gains weren’t quite as great as initially thought Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: jeff cox
Keywords: news, cnbc, companies, growth, werent, economy, quite, job, cut, 2019, tax, showed, chief, data, initially, economist, revisions, posttax, thought, great, gains


Post-tax cut job gains weren't quite as great as initially thought

“The increase in the pace of payroll growth visible in the previous data for 2018, which most analysts ascribed to the tax cuts, has disappeared,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note. “The new data show that the trend in job growth stepped down in 2016 and has been little changed, net, since then.”

Benchmark revisions to the March 2019 payrolls number showed the economy created 514,000 fewer jobs than initially reported over the previous 12-month period. That was slightly more than the initial estimate and took monthly job creation below 200,000 in the months following the December 2017 reform bill that slashed corporate taxes and cut levies for many Americans.

That high-powered job growth following the 2017 tax cut lost a little of its sizzle Friday after the government released revised figures over the past year.

However, the pace is still a strong one.

Friday’s report on nonfarm payrolls showed a gain of 225,000, much stronger than what Wall Street had anticipated and a sign that there is considerable slack left in the economy and room for more growth.

In addition, the subsequent months’ revisions actually showed the labor market gaining momentum through 2019, with gains between April and December revised up a total of 92,000.

“That means the rebound in employment growth in the tail end of last year only looks stronger now, suggesting that the economy has more momentum than we previously believed,” wrote Paul Ashworth, chief U.S. economist at Capital Economics.

For all of 2019, job gains were 175,000 a month, according to monthly revisions the government also released Friday.

The annual revisions, then, appear more to be backward-looking data that don’t portend any meaningful slowing ahead, according to multiple economists who reviewed the latest numbers.

“Much ado about nothing,” was how Joseph LaVorgna, chief Americas economist at Natixis, said of the benchmark revisions. “Anybody who’s talking about revisions is trying to spin a negative story. You’ve got job growth across the board, high participation. Manufacturing is weak and you’re still getting this kind of growth? The labor market is booming.”


Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: jeff cox
Keywords: news, cnbc, companies, growth, werent, economy, quite, job, cut, 2019, tax, showed, chief, data, initially, economist, revisions, posttax, thought, great, gains


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

7 great podcasts that can help or inspire your side hustle

Each offers up stories of entrepreneurs and hustlers who hit it big with their ideas and could inspire or help you with your own side hustle. His daily podcast features question and answer sessions with his listeners, stories of successful side hustlers, and homework assignments for the aspiring hustler. The Side Hustle ShowHost Nick Loper has 15 streams of income, including credit card rewards, Fiverr, and podcast sponsorships. Side Hustle ProWhile working at NPR, Nicaila Matthews Okome decided


Each offers up stories of entrepreneurs and hustlers who hit it big with their ideas and could inspire or help you with your own side hustle.
His daily podcast features question and answer sessions with his listeners, stories of successful side hustlers, and homework assignments for the aspiring hustler.
The Side Hustle ShowHost Nick Loper has 15 streams of income, including credit card rewards, Fiverr, and podcast sponsorships.
Side Hustle ProWhile working at NPR, Nicaila Matthews Okome decided
7 great podcasts that can help or inspire your side hustle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-06  Authors: gili malinsky
Keywords: news, cnbc, companies, episode, income, help, schwab, features, inspire, entrepreneurs, start, great, podcasts, podcast, think, successful, hustle


7 great podcasts that can help or inspire your side hustle

Nearly half of Americans have a side hustle of some sort, according to a 2019 Bankrate survey of 2,550 adults. If you’re considering a way to earn extra money on the side or are simply curious about how people try to make their fortunes outside of or instead of a 9-5 job, consider these seven podcasts. Each offers up stories of entrepreneurs and hustlers who hit it big with their ideas and could inspire or help you with your own side hustle.

1. Side Hustle School

Chris Guillebeau, the author of “The $100 Startup” and “100 Side Hustles,” has been writing about entrepreneurship and side hustling for nearly a decade. His daily podcast features question and answer sessions with his listeners, stories of successful side hustlers, and homework assignments for the aspiring hustler. Start with: Episode 1129, which outlines seven common mistakes people make as they home in on their idea for a money-making project, from trying to serve too wide a clientele to not having a clear revenue model.

2. The Side Hustle Show

Host Nick Loper has 15 streams of income, including credit card rewards, Fiverr, and podcast sponsorships. Loper’s weekly podcast features interviews with successful side earners focusing on how they were able to build their projects, and how they were able to market it. Start with: Episode 295, one of Loper’s favorite episodes, which is about Chris Schwab, who founded Think Maids, a D.C.-area cleaning service, while still in college. Schwab “went on Yelp and found all of these reviews of the other local cleaning services and found no one was complaining about cleaning,” says Loper. “They were complaining about customer service: ‘I couldn’t get a quote, I didn’t know when the crew was coming out.’ … [Schwab] was like, ‘Well, I could do that. I could be a better administrator.'” As of August 2018, Think Maids brought in $60,000 per month, according to Loper.

Video by Mariam Abdallah

3. Side Hustle Pro

While working at NPR, Nicaila Matthews Okome decided to turn her part-time podcast, “Side Hustle Pro,” into a full-time career, following the example of the successful entrepreneurs she profiles. The show spotlights black women entrepreneurs specifically. Start with: Episode 184, about “The Real Housewives of Atlanta” star Tanya Sam’s many entrepreneurial pursuits.

4. Planet Money

While not strictly a side hustle podcast, NPR’s “Planet Money” takes an enthralling and colorful look at the economy by breaking down everything from successful small businesses to paychecks and personal finance. Start with: Episode 968, “The Trouble With Table 101,” which teaches budding entrepreneurs and business owners to think about every detail of their venture and how it affects their clients.

5. ChooseFI

The Financial Independence, Retire Early (FIRE) movement is popular among those who commit to setting aside huge portions of their income with the goal of early retirement. Hosts Jonathan Mendonsa and Brad Barrett co-wrote a book on the topic, and on this podcast they both interview guests who’ve built multiple streams of income and offer money-saving tips for anyone keen on getting control of their spending. Start with: Episode 165, which features entrepreneur Jesse Mecham, who successfully turned his budgeting side hustle into a full-fledged business.

Video by Stephen Parkhurst

6. WTF

Comedian, writer, and actor Marc Maron has been interviewing A-list celebrities and dignitaries as iconic as former President Barack Obama since 2009. Maron’s deep dives give listeners clear examples of how hard, and how rewarding, hustling can be. His guests explain how they struggled as they climbed to the top, and they show how persistence, patience, and problem solving can pay off. Start with: Episode 1069, an interview with musician and actor Kate Nash, who worked at a fast-food restaurant while independently releasing her music on MySpace before she became a star.

7. The Side Hustle Project


Company: cnbc, Activity: cnbc, Date: 2020-02-06  Authors: gili malinsky
Keywords: news, cnbc, companies, episode, income, help, schwab, features, inspire, entrepreneurs, start, great, podcasts, podcast, think, successful, hustle


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘China is doing a great job’ on coronavirus, says pathogens specialist at largest US public health-care system

Pathogens specialist Dr. Syra Madad on Friday praised China for the work its done to try and slow the rapid-spread of the new coronavirus. “I think China is doing a great job,” said Madad, a senior director at NYC Health + Hospitals, the largest public health-care system in the United States. “Right now, the majority of cases are in mainland China and they’re doing a number of different public health measures.” On Friday, Chinese officials increased their confirmed coronavirus cases to over 10,0


Pathogens specialist Dr. Syra Madad on Friday praised China for the work its done to try and slow the rapid-spread of the new coronavirus.
“I think China is doing a great job,” said Madad, a senior director at NYC Health + Hospitals, the largest public health-care system in the United States.
“Right now, the majority of cases are in mainland China and they’re doing a number of different public health measures.”
On Friday, Chinese officials increased their confirmed coronavirus cases to over 10,0
‘China is doing a great job’ on coronavirus, says pathogens specialist at largest US public health-care system Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, largest, wuhan, great, cases, system, china, coronavirus, warned, healthcare, outbreak, health, including, world, pathogens, chinese, doing, job, specialist, public


'China is doing a great job' on coronavirus, says pathogens specialist at largest US public health-care system

Pathogens specialist Dr. Syra Madad on Friday praised China for the work its done to try and slow the rapid-spread of the new coronavirus.

“I think China is doing a great job,” said Madad, a senior director at NYC Health + Hospitals, the largest public health-care system in the United States. “Right now, the majority of cases are in mainland China and they’re doing a number of different public health measures.”

“So it’s too early to tell, but we’re hopeful this outbreak can be contained at the global scale,” she added in a “Squawk Box” interview. NYC Health + Hospitals provides inpatient, outpatient and home-based services to more than one million New Yorkers every year.

On Friday, Chinese officials increased their confirmed coronavirus cases to over 10,000, though many experts believe the number to be much larger. The death toll remained at 213. The virus was first discovered last month in the Chinese city of Wuhan in Hubei province. It’s since spread to at least 18 countries.

The World Health Organization on Thursday declared the virus a global health emergency. That announcement came shortly after the U.S. confirmed its first human-to-human transmission — the husband of the Chicago woman who brought the infection back from Wuhan, China, the epicenter of the outbreak. There are six cases of coronavirus in the U.S.

The Chinese government has put several preventative measures in place, including issuing travel bans, extending its Lunar New Year holiday and monitoring citizens for fever and coughs. A handful of U.S.-based companies, including Starbucks and McDonald’s, have also closed certain locations in China until further notice.

Countries around the world have also put measures in place. Several airlines, including British Airways, Air Seoul, Air France and American Airlines have suspended some or all flights to China. The U.S. State Department also warned against traveling to China.

Madad, featured in the Netflix docuseries “Pandemic,” said the deadly coronavirus is “very concerning,” but there’s still not much known yet. “We just need to take a step back and see what’s actually happening,” she added. “It’s not too late to stop the spreading.”

WHO Director-General Tedros Adhanom Ghebreyesus also gave a nod to China’s preventative efforts during a news conference at the organization’s Geneva headquarters on Thursday.

The decision does not mean there’s a “vote of no confidence in China” to quell the outbreak, Tedros said. He also congratulated the Chinese government for its efforts to contain the outbreak despite the potential economic effects.

The new coronavirus has now infected more people in China than were sickened there during the SARS epidemic in 2002-2003. That outbreak of severe acute respiratory syndrome outbreak, which also originated in China, had 8,098 cases and 774 deaths.

China, accused of withholding information in SARS epidemic, said its handling of the coronavirus will be different. Last week, the ruling Communist Party’s central political and legal affairs commission warned, “Whoever deliberately delays and conceals reports will forever be nailed to history’s pillar of shame.”


Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, largest, wuhan, great, cases, system, china, coronavirus, warned, healthcare, outbreak, health, including, world, pathogens, chinese, doing, job, specialist, public


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How this wealth manager for superstar athletes helps NBA and NFL players protect their money

Unfortunately, although NFL players make an average of $1.9 million a year, a full 15% of them end up declaring bankruptcy. According to Joe McLean, wealth manager of superstars in the NBA, NFL, PGA, MLB and NASCAR, when it comes to professional athletes, “the commonality is that with great abundance comes less discipline.” Joe McLean wealth manager of the richest stars of the NBA, NFL, PGA, MLB and NASCAR. The financial team McLean refers to includes but is not limited to a wealth manager, esta


Unfortunately, although NFL players make an average of $1.9 million a year, a full 15% of them end up declaring bankruptcy.
According to Joe McLean, wealth manager of superstars in the NBA, NFL, PGA, MLB and NASCAR, when it comes to professional athletes, “the commonality is that with great abundance comes less discipline.”
Joe McLean wealth manager of the richest stars of the NBA, NFL, PGA, MLB and NASCAR.
The financial team McLean refers to includes but is not limited to a wealth manager, esta
How this wealth manager for superstar athletes helps NBA and NFL players protect their money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: barbara booth
Keywords: news, cnbc, companies, superstar, wealth, athletes, team, money, bucket, mclean, nfl, nba, helps, intersect, financial, protect, comes, end, manager, great, players


How this wealth manager for superstar athletes helps NBA and NFL players protect their money

Getty Images

When the San Francisco 49ers and Kansas City Chiefs meet in Super Bowl LIV on Sunday at Hard Rock Stadium in Miami Gardens, Florida, only one team will hoist the Vince Lombardi Trophy — and the win will come down to critical and strategic plays called by the head coach. The all-time great master motivators, like Bill Belichick, Tom Landry, Don Shula and Joe Gibbs, reek knowledge, hard work and dedication — and are vital to every player’s success. Like a head football coach, players also need an enthusiastic, supportive and trustworthy individual to guide them when it comes to their personal finances, especially as most are overwhelmed with the sport and don’t have time to properly manage their money. Unfortunately, although NFL players make an average of $1.9 million a year, a full 15% of them end up declaring bankruptcy. According to Joe McLean, wealth manager of superstars in the NBA, NFL, PGA, MLB and NASCAR, when it comes to professional athletes, “the commonality is that with great abundance comes less discipline.” McLean is the founder of financial services firm Intersect Capital, which specializes in servicing the unique financial planning needs of business owners, entrepreneurs, athletes and entertainers. The firm manages current contracts worth more than $2 billion for about 50 athletes, including Whitney Mercilus of the Houston Texans, Klay Thompson of the Golden State Warriors, Aaron Gordon and Nikola Vucevic of the Orlando Magic, Hassan Whiteside of the Portland Trail Blazers and pro golfer Sergio Garcia. “Athletes don’t begin their career with the end in mind. Early on in someone’s career, they are just figuring out how to get on the field. And the money is coming, but they almost don’t have any time to figure that out. They have to live each contract as if it’s their last one. But a lot of athletes initially think there’s always going to be another contract.” McLean’s goal is to ensure that his clients have enough money in the bank so they have the freedom to choose whatever they want to do after retirement.

Joe McLean wealth manager of the richest stars of the NBA, NFL, PGA, MLB and NASCAR. His firm, Intersect Capital, currently manages contracts worth more than $2 billion for about 50 pro athletes. Intersect Capital

A four-year NCAA basketball player for the Arizona Wildcats, McLean knows firsthand the pitfalls and challenges athletes face when it comes to managing their money. McLean tried to make it in the NBA but instead went on to play pro ball overseas for a Spanish team. Upon returning to the States, he went to grad school and began working at mutual fund company Franklin Templeton before launching San Ramon, California-based Intersect Capital. After 15 years, a bunch of his old Wildcats teammates came knocking on his door. “They came to me and said, ‘I think you are in that financial world and I’m getting ready to retire. Can you look at my stuff?’ These were people that made a lot of money,” said McLean. “I had learned over the last 15, 16 years of my career of what people do to traditionally manage their wealth, and I realized none of these guys were doing it. And as I dug deeper, I found no athletes were doing it, because, frankly, they grew up like me and were chasing a dream but they were never chasing the money. They were young people not making great decisions, because they weren’t equipped. That’s when — bam — the light went off and I launched Intersect Capital,” he said.

A three-bucket strategy

To become financially secure, McLean requires that all his athletes fill three buckets. “There’s a safety and security bucket, which is an entire season’s worth of cash to support your fixed costs.” If a player owns a home, this strategy includes a plan to pay it off before the end of the contact. Finally, “life insurance or things you have to do to take care of yourself goes in that safety and security bucket,” he said. Once the athlete has filled that, McLean then moves on to the growth bucket. “This teaches people that cash is not king but cash flow is king. How are you going to create income that will come to you when all of these checks stop coming? That may be teaching about diversification and what dividend-paying stocks are, what type of income-producing real estate you can be in, what are tax-free bonds. We start filling that bucket to produce income that they can live off later. The last bucket, he said, is the dream bucket. “That’s typically the second or third car that they shouldn’t buy but they can, the second home, or if they want to go out and be an entrepreneur and learn about other businesses.”

Athletes don’t begin their career with the end in mind. Early on in someone’s career, they are just figuring out how to get on the field. … Building a team around you, or a locker room as I say, outside of sports to help make informed decisions is critical. Joe McLean founder of Intersect Capital

Building the financial team

McLean said the key is for athletes to surround themselves with a support system that’s trustworthy and knowledgeable and puts their interests first. “Building a team around you, or a locker room as I say, outside of sports to help make informed financial decisions is critical. Kobe recognized the importance of building a team of professionals outside the locker room no different than the great teams he helped build for the Lakers.” “I’m not afraid to get fired. I’m gonna tell you the truth. And I think all good advisors, to be really good, you have to be willing to get fired sometimes and be brutally honest.” The financial team McLean refers to includes but is not limited to a wealth manager, estate planner, accountant and even possibly a credit manager. “My mantra is to just be all in, in their life, because most of these athletes are 100% all in and trying to be great, so anyone else that comes into their life has to have that same mentality in terms of how they’re going to serve them.” McLean points to Houston Texans outside linebacker Whitney Mercilus, who signed on with McLean two years ago. “He didn’t know what it cost to be him. He wasn’t aware of all the money coming in and all the money going out. He wasn’t thinking about beyond himself. Now he’s far more equipped and aware of how he gets paid, how he thinks about saving, how he thinks about investing, and he knows that he’s gonna now have this freedom of choices by the end of his contract, because he’ll be set for life,” McLean said. More from Invest in You:

Teach your teen to invest now to set them up for a financially healthy life

This is the key to stopping every bad habit

How to live a frugal but still comfortable lifestyle

McLean’s 5 biggest financial tips for the pros


Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: barbara booth
Keywords: news, cnbc, companies, superstar, wealth, athletes, team, money, bucket, mclean, nfl, nba, helps, intersect, financial, protect, comes, end, manager, great, players


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stock market live updates: Stocks fall, Facebook is biggest loser, GDP not great, Microsoft jumps

The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. 10:45 am: Facebook shares trading heavilyIt’s not even midday but Facebook shares have already changed hands more times than they usually do. Facebook shares tanked more than 6% after its latest quarterly report showed a sharp increase in costs. Facebook lost more than $50 billion in market value as shares tanked, leaving the Mark Zuckerberg-led company with a market cap of abou


The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California.
10:45 am: Facebook shares trading heavilyIt’s not even midday but Facebook shares have already changed hands more times than they usually do.
Facebook shares tanked more than 6% after its latest quarterly report showed a sharp increase in costs.
Facebook lost more than $50 billion in market value as shares tanked, leaving the Mark Zuckerberg-led company with a market cap of abou
Stock market live updates: Stocks fall, Facebook is biggest loser, GDP not great, Microsoft jumps Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: fred imbert yun li maggie fitzgerald, fred imbert, yun li, maggie fitzgerald
Keywords: news, cnbc, companies, economy, loser, stock, quarter, trading, dow, shares, microsoft, yield, great, live, coronavirus, jumps, stocks, market, gdp, facebook, updates, growth


Stock market live updates: Stocks fall, Facebook is biggest loser, GDP not great, Microsoft jumps

The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images

This is a live blog. Check back for updates.

10:45 am: Facebook shares trading heavily

It’s not even midday but Facebook shares have already changed hands more times than they usually do. The social media giant’s trading volume broke above 22.6 million shares, blowing past its 30-day average of 13.97 million. Facebook shares tanked more than 6% after its latest quarterly report showed a sharp increase in costs. —Imbert, Francolla

10:18 am: Coronavirus-related names are staging a comeback

Many travel and tourism companies, which took a beating recently on coronavirus, bounced back in morning trading. Shares of Las Vegas Sands climbed 2%, while MGM Resorts International and Wynn Resorts also rose slightly. United Airlines advanced 0.6%, even after it said it will extend China flight cuts. Shares of Carnival and Marriott are also off their lows, last down 3.2% and 0.5%, respectively. —Li

10:10 am: Microsoft helping the Dow

The Dow is near the flat-line, even though only 8 of its 30 members are in the green. That’s because Microsoft is giving it a big boost, up 2.7% after strong earnings. Coca-Cola, as well, is up after giving a strong 2020 forecast. ‘KO’ is up 2.3%. —Melloy

9:49 am: Facebook loses $50 billion in market value

Shares of Facebook plummeted more than 8% on Thursday after the social media company’s earnings failed to satisfy investors. Facebook lost more than $50 billion in market value as shares tanked, leaving the Mark Zuckerberg-led company with a market cap of about $584 billion. Facebook’s full-year 2019 costs and expenses grew 51% year-over-year. Facebook also reported revenue growth of 24.7%, the fourth straight quarter that the company delivered sub-30% growth. —Fitzgerald

9:47 am: Bank stocks fall as rates slide and yield gap narrows

Financial names are under pressure as the benchmark 10-year Treasury yield dipped below 1.6% to its lowest level since October. Shares of Goldman Sachs slipped 0.4%, while Bank of America and Citigroup also fell. The spread between 10-year yield and three-month rate also narrowed to just two basis points. That part of the yield curve inverted briefly earlier in the session.—Li

9:30 am: Stocks open lower

The Dow opens lower by about 150 points. Dow and Goldman were the biggest losers in the average. S&P 500 falls a little over 0.5%. Facebook is the biggest loser in the broader benchmark.

9:14 am: Likely to be lots of red on the board

Looking at premarket trading on S&P 500 members, most of the index is likely to be in the red after the open, most notably Facebook and Apple. On the positive side, Microsoft is set to open up 3.8%. -Melloy

9:01 am: Personal consumption, bastion of US growth, decelerates in Q4

Growth in the amount everyday Americans spent on goods and services — long the engine of economic activity in the U.S. — fell sharply in the fourth quarter to 1.8% from more robust reads of 3.2% in the third quarter and 4.6% in the second quarter.GDP, the sum of all goods and services produced in the U.S., is typically fueled by household consumption, business investment, government spending and net exports. But consumption comprises more than two-thirds of the economy, so any signs that segment of GDP could be decelerating would have an outsized effect on overall growth. — Franck

8:54 am: Oil slides 2%, tracking for 7th negative session in 8

Oil prices were back in the red on Thursday as the threat of a coronavirus-induced economic slowdown continued to weigh on prices. Additionally, data from the U.S. Energy Information Administration on Wednesday showed a larger-than-expected build in U.S. inventory. At its session low, U.S. West Texas Intermediate hit $51.95, its lowest level since Oct. 10. International benchmark Brent crude touched $58.71, its lowest level since Oct. 15. Both contracts are now in bear market territory, and WTI is on pace for its seventh negative session in eight, and its fourth straight week of losses, the longest weekly losing streak since November 2018. —Stevens

8:50 am: Futures pare losses after GDP report

U.S. stock futures reduced some of their losses after the Commerce Department reported in-line growth for the economy in the fourth quarter. Dow Jones Industrial Average futures pointed to a loss of about 150 points. Earlier, the Dow was set to fall around 200 points. Yields also pared losses, with the 10-year yield trading at 1.571%. However, U.S. personal consumption moderated during the quarter. Annual U.S. GDP growth was also the weakest it has been in three years.

8:43 am: Bond market sends a recession signal

The bond market has shown investors are increasingly worried about a recession caused by China’s fast-spreading coronavirus. The yield on the benchmark 10-year Treasury note dipped to about 1.5582%, falling below the 3-month rate briefly, inverting part of the yield curve that the Federal Reserve watches closely. The so-called yield curve inversion has been a strong sign since 1950 that a recession is coming in the next 12 months. “Some of this narrowing is certainly due to worries about the virus but also on the belief within the Treasury market that a growth inflection higher of note in 2020 is not going to happen,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. —Li

8:30 am: US economy grew 2.1% to end 2019

The U.S. economy grew at its slowest pace since 2016 last year after notching a 2.1% climb in fourth-quarter GDP on an adjusted annual basis. The Commerce Department’s report on gross domestic product — the value of all goods and services produced in the U.S. — came in largely as expected and matched the third quarter’s growth rate. The government said that while exports increased and imports decreased, a boost to GDP, the pace of consumer spending slowed and business investment slumped for a third straight quarter. —Franck

8:08 am: Microsoft set for gains after strong earnings

Microsoft traded higher before the bell Thursday after the software giant reported better-than-expected quarterly profit and revenue Wednesday afternoon. Sales of $36.91 billion in the company’s fiscal second quarter represented a climb of 14%, buoyed higher by growth in its Azure cloud segment and its Office 365 productivity suite. The stock was set to jump more than 3% based on premarket moves. —Franck

8:06 am: Coca-Cola jumps on earnings

Shares of Coca-Cola jumped nearly 2% in premarket trading after the company reported strong fourth-quarter earnings. The bright spot for the beverage company was worldwide organic revenue growth of 7%, compared to the estimate of 4.8% growth, according to Refinitiv. Coca-Cola’s revenue came in at $9.085 billion, topping the forecast $8.888 billion. Earnings per share were in line with estimates at 44 cents. The company guided for 5% organic revenue growth in 2020. Coca-Cola CEO James Quincey told CNBC the Coke brand, especially Coke Zero, and Coke coffee, are driving this growth. —Fitzgerald

8:03 am: Coronavirus names sink, death toll rises

Shares of travel and tourism companies fell in premarket trading on Thursday as the threat of the Chinese coronavirus continued to weigh, with the death toll hitting 170 people. Cruise company Carnival tanked 6%, Norwegian Cruise Line fell 4.6% and Royal Caribbean slipped more than 5%. Casino companies that operate in Macau also tumbled with Las Vegas Sands down 1.8%, MGM Resorts down 2.3% and Wynn Resorts 1.8% lower. Airlines also slipped with United and American both down more than 1%. Delta ticked 1.7% lower. While the coronavirus remains an overhang for equities in the near-term, JPMorgan told clients the coronavirus narrative is expected to potentially yield a “surge to the upside.” The firm said it’s difficult to “envision any lasting fundamental impact or jeopardy to our 2021 forecasts.” —Fitzgerald

7:59 am: Facebook tanks after reporting rising costs

7:56 am: Wall Street braces for first look at fourth-quarter GDP

Investors braced for the first look at how the U.S. economy fared in the fourth quarter. The latest figures on U.S. GDP are scheduled for release at 8:30 a.m. ET. Economists polled by Dow Jones expect the U.S. economy grew by 2.1% to end 2019. The data comes after the Federal Reserve said Wednesday the economy was growing at a “moderate rate” and kept interest rates unchanged. —Imbert

7:53 am: Dow futures indicate 200-point drop as coronavirus fears mount


Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: fred imbert yun li maggie fitzgerald, fred imbert, yun li, maggie fitzgerald
Keywords: news, cnbc, companies, economy, loser, stock, quarter, trading, dow, shares, microsoft, yield, great, live, coronavirus, jumps, stocks, market, gdp, facebook, updates, growth


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Bill Gates calls Apple’s first Mac a ‘great machine’ in this 1983 internal video

But in the early 1980s, Microsoft was one of Apple’s biggest software developers, with Gates and his team creating Microsoft software specifically for the new Macs, including the first version of Microsoft Word. In the 16-minute internal promo video from 1983, Gates notes that Microsoft had already been working with Apple on the Macintosh for roughly two years. Embedded below is a clip of Gates discussing Microsoft’s work on Macintosh software from the 1983 promo video. Embedded below is a clip


But in the early 1980s, Microsoft was one of Apple’s biggest software developers, with Gates and his team creating Microsoft software specifically for the new Macs, including the first version of Microsoft Word.
In the 16-minute internal promo video from 1983, Gates notes that Microsoft had already been working with Apple on the Macintosh for roughly two years.
Embedded below is a clip of Gates discussing Microsoft’s work on Macintosh software from the 1983 promo video.
Embedded below is a clip
Bill Gates calls Apple’s first Mac a ‘great machine’ in this 1983 internal video Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-29  Authors: tom huddleston jr
Keywords: news, cnbc, companies, macintosh, great, 1983, software, work, mac, machine, computer, gates, apples, bill, calls, video, apple, internal, personal, promo, microsoft


Bill Gates calls Apple's first Mac a 'great machine' in this 1983 internal video

In 1984, Apple introduced the public to its groundbreaking new personal computer, the Macintosh, with a now-iconic Super Bowl ad portraying the Mac as liberating consumers from a conformist dystopia. While that commercial earned a permanent spot in pop culture history, Apple also made another video a year earlier touting the “revolutionary” new Macintosh for the company’s employees and partners. That internal promotional video, which was unreleased at the time but now lives on the internet, features young Steve Jobs and Bill Gates singing the Mac’s praises.

Gates praises Apple

Gates and Microsoft would later become fierce rivals with Apple in the battle for software supremacy. But in the early 1980s, Microsoft was one of Apple’s biggest software developers, with Gates and his team creating Microsoft software specifically for the new Macs, including the first version of Microsoft Word. In the 16-minute internal promo video from 1983, Gates notes that Microsoft had already been working with Apple on the Macintosh for roughly two years. The future billionaire added that he was “enthused” to work on the Macintosh, because it was rare for Microsoft to get to develop software for new devices before they hit the market. Embedded below is a clip of Gates discussing Microsoft’s work on Macintosh software from the 1983 promo video.

“It’s a great machine,” Gates says in the video. “It’s a step forward in terms of the way it uses graphics; and the speed. This is a machine that a lot of people are going to be able to afford that’s a very, very useful machine.” Gates wasn’t done gushing about the Macintosh, though. In 1984, he proclaimed in an interview that “the next generation of interesting software will be done on the Macintosh, not the IBM PC.”

Look, it’s ‘portable’

The internal Apple video also shows a series of Apple hardware and software engineers explaining how hard they had worked to make the Macintosh into what they believed would be a more consumer-friendly personal computer. A voice-over touts the benefits of the new computer, which is described as being “as easy to set up as it is to use.” The video also offers tutorials on using the Macintosh’s mouse to click and drag files, or even to change fonts and type sizes. Apple even boasts about the portability of the Macintosh, with the video showing an office worker unplugging the computer and sliding it into a “durable carrying case” the size of small carry-on before taking the entire set-up on a bike ride. “When you’re ready to travel, Macintosh can easily go along,” the voice-over says. Embedded below is a clip from the 1983 promo video showing off the Macintosh’s portability.

Jobs pitches his vision for the future of personal computers

The promo video concludes with Apple co-founder Jobs describing the Macintosh as “the neatest product I’ve ever seen in my life,” while explaining that he envisioned the personal computer revolutionizing the way people work at home and in the office, as well as communicate with each other. Embedded below is a clip from the promo video featuring Jobs discussing the Macintosh.


Company: cnbc, Activity: cnbc, Date: 2020-01-29  Authors: tom huddleston jr
Keywords: news, cnbc, companies, macintosh, great, 1983, software, work, mac, machine, computer, gates, apples, bill, calls, video, apple, internal, personal, promo, microsoft


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

FICO is changing its credit score formula — here’s what you need to know to get a great score

The formula behind your credit score is changing. Fair Isaac Corporation, the creator of FICO scores, the credit scoring algorithm used by most lenders, announced Thursday that it will introduce a new scoring model this summer, called the FICO Score 10 Suite. One version, FICO Score 10 T, will start incorporating data about consumers’ historical debt levels into their score, which experts say could hurt borrowers who have taken on higher balances or fallen behind on payments. FICO expects about


The formula behind your credit score is changing.
Fair Isaac Corporation, the creator of FICO scores, the credit scoring algorithm used by most lenders, announced Thursday that it will introduce a new scoring model this summer, called the FICO Score 10 Suite.
One version, FICO Score 10 T, will start incorporating data about consumers’ historical debt levels into their score, which experts say could hurt borrowers who have taken on higher balances or fallen behind on payments.
FICO expects about
FICO is changing its credit score formula — here’s what you need to know to get a great score Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: ivana pino
Keywords: news, cnbc, companies, formula, heres, need, data, debt, consumers, changing, detweiler, credit, great, fico, models, scoring, know, model, score


FICO is changing its credit score formula — here's what you need to know to get a great score

The formula behind your credit score is changing. But the key ways to keep your score up haven’t.

Fair Isaac Corporation, the creator of FICO scores, the credit scoring algorithm used by most lenders, announced Thursday that it will introduce a new scoring model this summer, called the FICO Score 10 Suite. One version, FICO Score 10 T, will start incorporating data about consumers’ historical debt levels into their score, which experts say could hurt borrowers who have taken on higher balances or fallen behind on payments.

FICO expects about 110 million consumers will see a change to their score under the new credit score models. Most of those could see their score improve or drop by less than 20 points.

“What I think consumers might not understand about the new scoring method is that it is using trended data,” says Gerri Detweiler, education director for Nav, which helps business owners manage their credit and get access to financing. “Where before, your credit score was a snapshot in time, this FICO model is looking at up to 24 months of your credit history to see how it’s changed.”

With current scoring models, many consumers have relied on personal loans as a way to refinance high balance credit cards and boost their score, but Detweiler says this may not be as beneficial with the new model: “The scoring model may be able to pick up on the fact that you’re basically moving around debt, as opposed to paying off credit cards.”


Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: ivana pino
Keywords: news, cnbc, companies, formula, heres, need, data, debt, consumers, changing, detweiler, credit, great, fico, models, scoring, know, model, score


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Start-up Bungalow brings new twist to living with roommates, and new funding could help it grow

Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a five-bedroom home in Arlington, Virginia, a little over a year ago. But they decided to move in together, along with three other complete strangers. The ads were from Bungalow, a barely 3-year-old co-living company that rents private bedrooms in large suburban and urban homes. “It’s much more around helping people find great individuals to live with. What’s better than having great individuals that you live with


Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a five-bedroom home in Arlington, Virginia, a little over a year ago.
But they decided to move in together, along with three other complete strangers.
The ads were from Bungalow, a barely 3-year-old co-living company that rents private bedrooms in large suburban and urban homes.
“It’s much more around helping people find great individuals to live with.
What’s better than having great individuals that you live with
Start-up Bungalow brings new twist to living with roommates, and new funding could help it grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, twist, strangers, live, individuals, brings, grow, help, roommate, monthly, funding, room, roommates, living, bungalow, perfect, complete, great, startup


Start-up Bungalow brings new twist to living with roommates, and new funding could help it grow

Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a five-bedroom home in Arlington, Virginia, a little over a year ago.

But they decided to move in together, along with three other complete strangers. All of them had answered ads to rent one room in the home and share the common spaces.

“It was perfect for me because I was just moving down here for grad school, and I didn’t know anybody, so I was just looking for a room or a roommate so this was like a perfect situation,” said Reading.

The ads were from Bungalow, a barely 3-year-old co-living company that rents private bedrooms in large suburban and urban homes. Tenants can use the common areas, which Bungalow furnishes — fully equipped kitchens, living rooms with sofas and flat-screen televisions, as well as dining tables and general decor.

The idea was the brainchild of Bungalow’s 31-year-old co-founder and CEO, Andrew Collins, who had moved around a lot himself and had trouble finding optimal living spaces.

“It’s not a boarding house,” said Collins. “It’s much more around helping people find great individuals to live with. We’re really trying to streamline the roommate experience. What’s better than having great individuals that you live with, and we take that one step further by running monthly member events across all the properties, too.”

Bungalow takes care of the maintenance, cleaning, Wi-Fi, lawn care and utilities. Renters pay one monthly fee for all of that. The company also helps roommates prescreen each other by sending them to happy hour.


Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, twist, strangers, live, individuals, brings, grow, help, roommate, monthly, funding, room, roommates, living, bungalow, perfect, complete, great, startup


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump says Elon Musk is like Thomas Edison: ‘He’s one of our great geniuses’

President Donald Trump told CNBC on Wednesday that Elon Musk is one of the world’s “great geniuses,” he likened the CEO of Tesla and SpaceX to Thomas Edison. Musk is “one of our great geniuses, and we have to protect our genius,” Trump said in an interview with “Squawk Box” co-host Joe Kernen from the World Economic Forum in Davos, Switzerland. In a 2008 interview, Musk said Edison and Nikola Tesla, for whom he named his electric auto company, were both role models, but he preferred Edison. Tesl


President Donald Trump told CNBC on Wednesday that Elon Musk is one of the world’s “great geniuses,” he likened the CEO of Tesla and SpaceX to Thomas Edison.
Musk is “one of our great geniuses, and we have to protect our genius,” Trump said in an interview with “Squawk Box” co-host Joe Kernen from the World Economic Forum in Davos, Switzerland.
In a 2008 interview, Musk said Edison and Nikola Tesla, for whom he named his electric auto company, were both role models, but he preferred Edison.
Tesl
Trump says Elon Musk is like Thomas Edison: ‘He’s one of our great geniuses’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: matthew j belvedere
Keywords: news, cnbc, companies, company, thomas, elon, tesla, protect, stock, musk, hes, trump, interview, geniuses, rockets, president, great, edison


Trump says Elon Musk is like Thomas Edison: 'He's one of our great geniuses'

President Donald Trump told CNBC on Wednesday that Elon Musk is one of the world’s “great geniuses,” he likened the CEO of Tesla and SpaceX to Thomas Edison.

Musk is “one of our great geniuses, and we have to protect our genius,” Trump said in an interview with “Squawk Box” co-host Joe Kernen from the World Economic Forum in Davos, Switzerland.

“You know, we have to protect Thomas Edison and we have to protect all of these people that came up with originally the light bulb and the wheel and all of these things. And he’s one of our very smart people and we want to cherish those people,” the president said.

In a 2008 interview, Musk said Edison and Nikola Tesla, for whom he named his electric auto company, were both role models, but he preferred Edison. Tesla, the scientist, was a rival of Edison.

Trump’s comments on Musk come as shares of Tesla have surged recently, more than doubling since late September, and hitting all-time high after all-time high. The stock market value of Tesla is approaching $100 billion. Its market capitalization is greater than those of General Motors and Ford combined.

Tesla stock has been on a tear after the electric car maker announced a surprise profit in its third-quarter earnings report in October. Back then, the stock was just more than $250 per share.

Musk’s now-infamous “funding secured,” Aug. 7, 2018, tweet sent the stock soaring, but it also marked the beginning of a chaotic ride for the company and Musk. In the 16 months that followed, Tesla stock bottomed at a three-year low just under $177 per share in June before boomeranging back up.

Trump recalled those rough times. “You go back a year and they were talking about the end of the company. And now all of a sudden they’re talking about these great things.”

In CNBC’s interview on Wednesday, the president also marveled at what Musk’s commercial company SpaceX has accomplished with rockets that land themselves.

“I spoke to him very recently, and he’s also doing the rockets. He likes rockets. And he does good at rockets, too, by the way. I never saw where the engines come down with no wings, no anything, and they’re landing. I said I’ve never seen that before,” Trump said.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: matthew j belvedere
Keywords: news, cnbc, companies, company, thomas, elon, tesla, protect, stock, musk, hes, trump, interview, geniuses, rockets, president, great, edison


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post