Deutsche Bank CEO says he reprimanded executives for having $1,800 suits fitted day of mass layoffs

Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesDeutsche Bank CEO Christian Sewing says he reprimanded executives for having expensive custom suits tailored the day that mass layoffs hit the troubled bank’s offices in London, New York and Tokyo. Two tailors were photographed coming out of the German bank’s London office on Monday. D


Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesDeutsche Bank CEO Christian Sewing says he reprimanded executives for having expensive custom suits tailored the day that mass layoffs hit the troubled bank’s offices in London, New York and Tokyo. Two tailors were photographed coming out of the German bank’s London office on Monday. D
Deutsche Bank CEO says he reprimanded executives for having $1,800 suits fitted day of mass layoffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: spencer kimball
Keywords: news, cnbc, companies, day, banks, layoffs, troubled, bank, having, deutsche, suits, christian, mass, fitted, ceo, sewing, german, billion, executives, london, reprimanded


Deutsche Bank CEO says he reprimanded executives for having $1,800 suits fitted day of mass layoffs

Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through cost cutting. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

Deutsche Bank CEO Christian Sewing says he reprimanded executives for having expensive custom suits tailored the day that mass layoffs hit the troubled bank’s offices in London, New York and Tokyo. Two tailors were photographed coming out of the German bank’s London office on Monday. Originally, the men were incorrectly identified as employees who had been sacked. In reality, they were at Deutsche’s London office to fit $1,800 suits for senior staff who were not hit by the job cuts, according to a report in Financial News. “That someone would let a tailor come on such a day is disrespectful,” Sewing said in an interview with the German newspaper Handelsblatt on Thursday. “In no way is this behavior in keeping with our values.”

When asked if there would be any personnel consequences, Sewing said only that he called the “colleagues” involved and discussed the incident with them.

“I assume in any case that the two colleagues will not forget my telephone call,” Sewing said, suggesting he gave them a tongue-lashing.

Deutsche Bank announced Sunday that it was shutting down its global stock trading business and slashing 18,000 positions in a massive restructuring to improve the troubled bank’s profitability.

Deutsche once sought to compete with large American banks on Wall Street, a strategy that began with its $10 billion acquisition of Bankers Trust in the late 1990s.

But the German bank’s aggressive and ambitious strategy to become a global power house ultimately backfired. Deutsche has been severely weakened by a series of costly scandals related to business practices in the run-up to the 2008 financial crisis as well as other alleged wrongdoing.

Deutsche reached a $7.2 billion settlement with the U.S. Justice Department in January 2017 for allegedly misleading investors in the sale of mortgage-backed securities. The bank was also slapped with a $630 million fine over allegations of Russian money laundering.

Those penalties came two years after the bank paid a $2.5 billion fine to U.S. and U.K. regulators for allegedly participating in a scheme to rig interest rates.

WATCH: DB wealth manager says morale positive despite job cuts


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: spencer kimball
Keywords: news, cnbc, companies, day, banks, layoffs, troubled, bank, having, deutsche, suits, christian, mass, fitted, ceo, sewing, german, billion, executives, london, reprimanded


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In a rare occurrence, both stocks and bonds are having a great year

The data also shows the S&P 500 averages a gain of 11.3% when stocks and bonds get off to such a hot start. Stocks, meanwhile, usually produce much higher returns than bonds when the economy runs smoothly. Investors have been plowing money into both stocks and bonds in bets the Federal Reserve will reverse on monetary policy, bringing rates down to boost the economy. Brendan McDermid | ReutersBonds have risen all year “despite a stock market which continues to trend higher. The stock market appe


The data also shows the S&P 500 averages a gain of 11.3% when stocks and bonds get off to such a hot start. Stocks, meanwhile, usually produce much higher returns than bonds when the economy runs smoothly. Investors have been plowing money into both stocks and bonds in bets the Federal Reserve will reverse on monetary policy, bringing rates down to boost the economy. Brendan McDermid | ReutersBonds have risen all year “despite a stock market which continues to trend higher. The stock market appe
In a rare occurrence, both stocks and bonds are having a great year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: fred imbert
Keywords: news, cnbc, companies, occurrence, stock, fed, stocks, start, great, usually, rates, having, rare, market, investors, trade, bonds


In a rare occurrence, both stocks and bonds are having a great year

Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication. The S&P 500 and long-term bonds are both up more than 5% to start off 2019, marking just the 10th time since 1980 that stocks and bonds kicked off a year on such a strong note, according to data from Bespoke Investment Group. The data also shows the S&P 500 averages a gain of 11.3% when stocks and bonds get off to such a hot start. Sharp gains in both equities and fixed income are unusual since rising bond prices — or declining yields — are usually seen as a signal that an economic slowdown looms ahead. Bonds are seen as a safe haven in times of economic turmoil. Stocks, meanwhile, usually produce much higher returns than bonds when the economy runs smoothly. That’s why they usually don’t trade together. “While the relationship between the performance of equities and US treasuries has changed over time … positive equity performance has coincided with weaker performance in treasuries and vice versa,” Bespoke said in a note Monday. “This year has bucked that trend.”

Hopes for Fed rate cut

But this year is now all about the Federal Reserve. Investors have been plowing money into both stocks and bonds in bets the Federal Reserve will reverse on monetary policy, bringing rates down to boost the economy. The Fed came into 2019 expecting to raise rates twice before bringing that forecast to zero. Now, investors are expecting the Fed to start cutting rates as early as next month after the Fed said last week it is ready to “act as appropriate” to sustain the current economic expansion.

Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters

Bonds have risen all year “despite a stock market which continues to trend higher. The stock market appears optimistic about the future of this recovery, whereas the bond market is acting increasingly nervous,” said Jim Paulsen, chief investment strategist at The Leuthold Group, in a note. Determining which market is right “is a tough call, but for equity investors we continue to lean toward the view that what doesn’t kill you will likely make ‘the stock market’ stronger.” The trade war could also be influencing the correlation between the two markets. Stocks are still holding out hope there will be a trade deal, while bonds are reflecting the damage already wrought by the tariffs in place, and perhaps a greater fear an agreement may take longer to hatch. President Donald Trump and Chinese President Xi Jinping are scheduled to meet at this week’s G-20 in Osaka, Japan. Investors expect the two leaders to signal progress is being made on the U.S.-China trade talks that stalled last month amid tariff hikes from both countries. Treasury Secretary Steven Mnuchin told CNBC’s Hadley Gamble there is a “path ” for the two sides to complete a trade deal.

Recession risk


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: fred imbert
Keywords: news, cnbc, companies, occurrence, stock, fed, stocks, start, great, usually, rates, having, rare, market, investors, trade, bonds


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Apple is having its big annual event where it lays out plans for the coming year — here’s what to expect

Apple CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015 in San Francisco, California. The company has launched a new version of its iPhone software at WWDC every year since 2009, and analysts and reports don’t expect this year to be any different. At WWDC in 2016, Apple CEO Tim Cook framed Apple as a company with four main platforms: iOS, watchOS, macOS, and tvOS. It will also be a good place to look for clues whether the Mac platform might become secondary to iOS going


Apple CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015 in San Francisco, California. The company has launched a new version of its iPhone software at WWDC every year since 2009, and analysts and reports don’t expect this year to be any different. At WWDC in 2016, Apple CEO Tim Cook framed Apple as a company with four main platforms: iOS, watchOS, macOS, and tvOS. It will also be a good place to look for clues whether the Mac platform might become secondary to iOS going
Apple is having its big annual event where it lays out plans for the coming year — here’s what to expect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-01  Authors: kif leswing
Keywords: news, cnbc, companies, coming, big, mac, apples, having, event, apps, software, expect, plans, annual, platform, developers, wwdc, lays, apple, ios, iphone, heres


Apple is having its big annual event where it lays out plans for the coming year — here's what to expect

Apple CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015 in San Francisco, California. Getty Images

Apple is expected to launch the latest version of iOS, its software for the iPhone and iPad, on Monday at its annual Worldwide Developers Conference, or WWDC. The company has launched a new version of its iPhone software at WWDC every year since 2009, and analysts and reports don’t expect this year to be any different. The announcement of the new software, likely called iOS 13, will show how Apple is evolving its most important product, the iPhone, in the face of a contracting smartphone market. The company’s Worldwide Developers Conference, or WWDC, also is an opportunity for Apple to highlight its growing services business, which revolves around selling online subscriptions to iPhone users, including an announced video service this called Apple TV+. The next version of iOS will have to support this service. “This year WWDC will have a different feel as Apple needs to prove with its next iOS, currently codenamed Yukon, that this platform has the speed, scalability, and feature functionality to smoothly support and lay the groundwork for the company’s flagship video streaming service slated for the fall,” Wedbush analyst Dan Ives wrote in a note on Friday. WWDC kicks off on Monday in San Jose, California. The company’s new product announcements will be revealed in a livestreamed keynote address starting at 1 p.m. Eastern Time.

One platform to rule them all?

WWDC is Apple’s main event to communicate how it sees its various software platforms developing. At WWDC in 2016, Apple CEO Tim Cook framed Apple as a company with four main platforms: iOS, watchOS, macOS, and tvOS. “This is a huge moment for us – four great platforms that become even more capable with working with all of you,” Cook said in 2016. But in 2019, Apple doesn’t seem to have a four-legged stool anymore. Apple is increasingly emphasizing its ability to sell add-on software and subscription services to iPhone owners as smartphone sales shrink. With that business goal front an center, Apple’s iPhone is being positioned the center of Apple’s software development universe, and its iOS App Store distribution platform as one of the company’s crown jewels. For example, Apple’s TV strategy has moved away from a becoming its own separate platform for apps. Instead, Apple’s main video product is itself an app that aggregates paid video feeds from outside providers — which are “channels,” not apps. The Apple TV app is increasingly available on television sets from competitors like Samsung, and Apple said in the spring that its streaming service, Apple TV+, will go on sale this fall. It will also be a good place to look for clues whether the Mac platform might become secondary to iOS going forward. Last year, the company previewed a new set of developer tools that would enable iPhone apps to run on Mac computers with minimal effort. Apple uses the technology for some of its own apps that have jumped from the iPhone to the Mac, such as News or Memos. Developers are worried that if the two platforms become more closely linked, that software will be primarily developed for iPhone and then ported to Mac, potentially robbing the desktop version of power-user features. “Are you merging iOS and MacOS? No,” read a bold-faced slide at last year’s WWDC. Developers will be watching closely to see if that’s still true. The one platform that might be gaining in stature is watchOS, which runs on the Apple Watch. According to a report from Bloomberg, Apple may introduce a new app store for Apple Watch, providing a new way to for developers to make money from watch apps.

iOS 13

iOS 13 will reportedly have a slew of new features for users, including a dark mode, improved one-handed keyboard, and improvements to apps like Mail, Health, and iMessage, according to reports from Bloomberg and 9to5Mac. If past years are any guide, the new software will be available for beta-testers later this summer, and will launch for everyone alongside new iPhones in the fall. Many of the reported system-wide improvements are subtle, including improved performance and a new feature in Screen Time. Apple is expected to redesign the “share sheet” that enables people to send photos and information from inside of apps. iPads are expected to get particular attention, including a new feature that lets Mac users use the iPad as a second monitor, and a better multi-tasking tinerface. Apple’s own apps are expected to get a lot of attention this year. The Health, Reminders, Books, and Find My Friends apps are all expected to get a redesign, according to Bloomberg.

No new iPhones, but maybe a new Mac

Don’t expect a lot of new hardware at WWDC. No new hardware was released at WWDC last year, but 2017’s conference included the introduction of the HomePod smart speaker and the iMac Pro desktop. “History suggests investor disappointment will follow the event given the likely absence of any material hardware product announcements,” Loup Ventures cofounder and longtime Apple analyst Gene Munster wrote on Friday. “This reaction misses the point of WWDC: give developers the tools to build world-class software and services.” There is chance that Apple discusses a high-end Mac desktop computer, which would fit in with the conference’s programming focus. In 2017, Apple said it would release a high-end professional-oriented Mac computer, but didn’t specify a time frame.

Antitrust complaints


Company: cnbc, Activity: cnbc, Date: 2019-06-01  Authors: kif leswing
Keywords: news, cnbc, companies, coming, big, mac, apples, having, event, apps, software, expect, plans, annual, platform, developers, wwdc, lays, apple, ios, iphone, heres


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Dollar at two-year high, safe havens up on stormy global economy

“Safe havens were the currencies of choice as confidence in global growth faltered,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions. The dollar hit a high of 98.371 against a basket of six major currencies, its highest since May 2017. If it maintains its path, the dollar will be on track for a fourth consecutive month of gains. Compounding these worries, European parliamentary elections began on Thursday with euroskeptic parties expected to do well, raising concer


“Safe havens were the currencies of choice as confidence in global growth faltered,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions. The dollar hit a high of 98.371 against a basket of six major currencies, its highest since May 2017. If it maintains its path, the dollar will be on track for a fourth consecutive month of gains. Compounding these worries, European parliamentary elections began on Thursday with euroskeptic parties expected to do well, raising concer
Dollar at two-year high, safe havens up on stormy global economy Cached Page below :
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Keywords: news, cnbc, companies, stormy, twoyear, single, concerns, high, highest, safe, yen, worries, havens, trade, dollar, economy, having, global, united, euro


Dollar at two-year high, safe havens up on stormy global economy

The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan.

Worries over German manufacturing, the impact of a trade war on Asian economies and deepening concerns over Brexit and European parliamentary elections have broadly curbed risk appetite and sent investors to perceived safe-haven assets.

“Safe havens were the currencies of choice as confidence in global growth faltered,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions. “The greenback and safer rivals from Japan and Switzerland were in the driver’s seat.”

While the United States is not without its own worries – namely trade conflict with China – investors see the greenback as a relative safe haven because of its preeminence in the global economy and the extra cushion of having some of the highest interest rates in the developed world.

The dollar hit a high of 98.371 against a basket of six major currencies, its highest since May 2017. If it maintains its path, the dollar will be on track for a fourth consecutive month of gains.

“Certainly the dollar has been acting like something of a safe haven even though the Fed has been more dovish than has been expected,” said Neil Mellor, FX strategist at BNY Mellon.

Activity in Germany’s services and manufacturing sectors fell in May, a survey showed on Thursday, reflecting the toll that unresolved trade disputes are having on Europe’s largest economy.

While a similar figure for the euro zone as a whole was healthier, it still undershot expectations across the board, hurting the single currency.

The euro dipped to its lowest in a month at $1.111 before recovering slightly to $1.114.

Compounding these worries, European parliamentary elections began on Thursday with euroskeptic parties expected to do well, raising concerns about the single currency’s stability.

The yen also advanced broadly as persistent U.S.-China trade fears and Brexit concerns fanned risk aversion. The yen was 0.57% firmer at 109.71 to the dollar, having pulled back from a two-week low of 110.675 plumbed on Tuesday.

Reports that the United States could impose restrictions on Chinese technology company Hikvision renewed market jitters about trade on Wednesday, reversing a relief rally that followed Washington’s move to temporarily ease curbs against Huawei Technology Co Ltd.

Brexit uncertainty has set sterling up for its 14th straight day of losses against the euro – its longest losing streak in the 20-year history of the single currency.


Company: cnbc, Activity: cnbc, Date: 2019-05-23
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One 130-year-old Dow stock is having a record-making year

The Dow stock is within range of notching a 27th record high so far this year, a new peak in its nearly 130 years as a public company. P&G has broken out above $107 on a monthly basis, a critical resistance level identified from an upward trendline that stretches back to a January 2000 peak. The stock could also be helped along by Baruch’s expected push upward for the consumer staples sector. “We would be overweight the consumer staples sector at this inflection point,” said Morganlander. “You’r


The Dow stock is within range of notching a 27th record high so far this year, a new peak in its nearly 130 years as a public company. P&G has broken out above $107 on a monthly basis, a critical resistance level identified from an upward trendline that stretches back to a January 2000 peak. The stock could also be helped along by Baruch’s expected push upward for the consumer staples sector. “We would be overweight the consumer staples sector at this inflection point,” said Morganlander. “You’r
One 130-year-old Dow stock is having a record-making year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: keris lahiff
Keywords: news, cnbc, companies, consumer, having, youre, growth, recordmaking, staples, morganlander, washington, upward, trend, stock, dow, trendline, 130yearold


One 130-year-old Dow stock is having a record-making year

It’s been a record-making year for Procter & Gamble.

The Dow stock is within range of notching a 27th record high so far this year, a new peak in its nearly 130 years as a public company. At 26 all-time highs this year, that marks its most over the January-to-April period since at least 1972.

That’s not the only thing impressive about P&G, says Bill Baruch, president of Blue Line Futures.

“Right now it is breaking out above a trendline, believe it or not, going all the way back to 2000,” Baruch said on CNBC’s “Trading Nation ” on Wednesday. “It closed out above there, so the path of least resistance is higher.”

P&G has broken out above $107 on a monthly basis, a critical resistance level identified from an upward trendline that stretches back to a January 2000 peak.

The stock could also be helped along by Baruch’s expected push upward for the consumer staples sector.

“If you look at the consumer staples ETF, XLP, overall it’s breaking out too from those highs last year, and the trend is just very strong right now, so I like it. I think these all head higher, ” he said.

Chad Morganlander, portfolio manager at Washington Crossing Advisors, agrees that the broad sector trend is up.

“This year what you’re seeing within the consumer staples market and what we believe will continue into 2020 is an improvement within operating margins, pricing that has been increased for these big bulge bracket consumer staples and you’re starting to see that in the bottom line as well as the topline,” Morganlander said on Wednesday’s “Trading Nation.”

Analysts expect consumer staples stocks to post an average 1% earnings growth this year, accelerating to 7% in 2020 and 6% in 2021, according to FactSet.

“We would be overweight the consumer staples sector at this inflection point,” said Morganlander. “You’re getting consistent growth, consistent dividend growth, as well as you’re getting companies that have very little leverage.”

Disclosure: Washington Crossing Advisors holds P&G stock.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: keris lahiff
Keywords: news, cnbc, companies, consumer, having, youre, growth, recordmaking, staples, morganlander, washington, upward, trend, stock, dow, trendline, 130yearold


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Trump’s ex-lawyer Michael Cohen says he’s not guilty of some crimes

President Donald Trump’s former personal lawyer Michael Cohen reportedly told actor Tom Arnold last month that he is not guilty of some of the crimes to which he pleaded guilty to last year after breaking with Trump. Arnold told the paper he recorded Cohen, who is due to begin serving a three-year prison sentence on May 6, without his knowledge. Cohen, like other criminal defendants, told a judge last year when he pleaded guilty that he was doing so because he was actually guilty of the crimes.


President Donald Trump’s former personal lawyer Michael Cohen reportedly told actor Tom Arnold last month that he is not guilty of some of the crimes to which he pleaded guilty to last year after breaking with Trump. Arnold told the paper he recorded Cohen, who is due to begin serving a three-year prison sentence on May 6, without his knowledge. Cohen, like other criminal defendants, told a judge last year when he pleaded guilty that he was doing so because he was actually guilty of the crimes.
Trump’s ex-lawyer Michael Cohen says he’s not guilty of some crimes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: dan mangan, kevin breuninger, matt mcclain, the washington post, getty images
Keywords: news, cnbc, companies, trump, hes, pleaded, trumps, prosecutors, exlawyer, crimes, cohen, told, arnold, lawyer, michael, having, guilty


Trump's ex-lawyer Michael Cohen says he's not guilty of some crimes

President Donald Trump’s former personal lawyer Michael Cohen reportedly told actor Tom Arnold last month that he is not guilty of some of the crimes to which he pleaded guilty to last year after breaking with Trump.

The Wall Street Journal reported Wednesday that Arnold recorded Cohen in a March 25 phone call telling him that he did not evade taxes, and saying that a criminal charge related to misstating his financial status for his home equity line of credit was “a lie.”

The paper’s story online included audio portions of that 36-minute call, which the Journal said Arnold had provided. Arnold told the paper he recorded Cohen, who is due to begin serving a three-year prison sentence on May 6, without his knowledge.

“I’m a man all alone, and I shouldn’t be alone anymore after more than 100 hours of testimony,” Cohen said, referring to his cooperation with special counsel Robert Mueller, other federal prosecutors and multiple congressional committees.

Cohen, 52, told Arnold on that call that he pleaded guilty to those charges because federal prosecutors in New York City “had me on campaign finance” — another crime that he had pleaded to — and because those prosecutors were targeting his wife.

“I love this woman, and I am not going to let her get dragged into the mud of this crap,” Cohen said. “And I never thought the judge was going to throw a three-year fricking sentence.”

The actor has produced a series of online videos entitled “Trump Tapes with Tom Arnold,” which offered viewers “the search for the truth behind the many rumored and potentially damaging recordings of President Donald Trump.”

Cohen, like other criminal defendants, told a judge last year when he pleaded guilty that he was doing so because he was actually guilty of the crimes.

Cohen’s lawyer Lanny Davis told NBC News on Wednesday that “Michael has taken responsibility for his crimes and will soon report to prison to serve his sentence. While he cannot change the past, he is making every effort to reclaim his life and do right by his family and country. He meant no offense by his statements.”

Cohen pleaded guilty in 2018 to eight federal crimes, five of which were for evading personal income taxes, and one connected to his home equity line of credit.

The other crimes were related to Cohen having facilitated hush money payments to two women, porn star Stormy Daniels and Playboy model Karen McDougal, to keep them quiet about their claims of having sexual affairs with Trump. Cohen also admitted to lying to Congress about details of an ultimately aborted plan to build a Trump Tower in Moscow.

During his call with Arnold, Cohen complained, “My family’s happiness, and my law license … I lost my business…my insurance, my bank accounts, all for what? All for what? Because Trump, you know, had an affair with a porn star?”

“That’s really what this is about.”

Trump has denied having sex with either Daniels or McDougal.

The White House had no immediate comment on the Journal’s story. Peter Carr, a spokesman for Mueller, declined to comment.

Trump’s current lawyer, Rudy Giuliani, blasted Cohen on Twitter.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: dan mangan, kevin breuninger, matt mcclain, the washington post, getty images
Keywords: news, cnbc, companies, trump, hes, pleaded, trumps, prosecutors, exlawyer, crimes, cohen, told, arnold, lawyer, michael, having, guilty


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Kremlin says Mueller report shows no evidence of Russian meddling

The Kremlin said on Friday that U.S. Special Counsel Robert Mueller’s long-awaited report did not contain any evidence the Russian state had meddled in the 2016 U.S. presidential election. Mueller’s report, released on Thursday, details extensive contacts between Donald Trump’s 2016 campaign and Russian operatives who, it said, sought to tilt the election in Trump’s favor. However, the report did not find evidence of a criminal conspiracy between Trump’s election campaign and Russia. Speaking to


The Kremlin said on Friday that U.S. Special Counsel Robert Mueller’s long-awaited report did not contain any evidence the Russian state had meddled in the 2016 U.S. presidential election. Mueller’s report, released on Thursday, details extensive contacts between Donald Trump’s 2016 campaign and Russian operatives who, it said, sought to tilt the election in Trump’s favor. However, the report did not find evidence of a criminal conspiracy between Trump’s election campaign and Russia. Speaking to
Kremlin says Mueller report shows no evidence of Russian meddling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: reuters, maxim shemetov, file photo
Keywords: news, cnbc, companies, impact, mueller, kremlin, shows, report, russian, trumps, election, peskov, meddling, having, evidence, relations


Kremlin says Mueller report shows no evidence of Russian meddling

The Kremlin said on Friday that U.S. Special Counsel Robert Mueller’s long-awaited report did not contain any evidence the Russian state had meddled in the 2016 U.S. presidential election.

Mueller’s report, released on Thursday, details extensive contacts between Donald Trump’s 2016 campaign and Russian operatives who, it said, sought to tilt the election in Trump’s favor.

However, the report did not find evidence of a criminal conspiracy between Trump’s election campaign and Russia.

Speaking to reporters on a conference call, Kremlin spokesman Dmitry Peskov said Moscow regretted the Mueller report was having an impact on its relations with Washington.

“In general, the report still does not include any reasonable evidence at all that Russia allegedly interfered in the U.S. election.

“We, as before, do not accept such allegations,” Peskov said.

“We regret that a document of this quality is having a direct impact on the development of bilateral Russian-U.S. relations that are already not in the best condition,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: reuters, maxim shemetov, file photo
Keywords: news, cnbc, companies, impact, mueller, kremlin, shows, report, russian, trumps, election, peskov, meddling, having, evidence, relations


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Brexit and trade tensions having an impact on Irish growth, finance minister says

Brexit and trade tensions having an impact on Irish growth, finance minister says5 Hours AgoPresident Donald Trump’s comments about the transatlantic relationship between the EU and U.S. are ‘a concern’ for Ireland, whose small and open economy is already being impacted by global trade tensions and Brexit, Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Brexit and trade tensions having an impact on Irish growth, finance minister says5 Hours AgoPresident Donald Trump’s comments about the transatlantic relationship between the EU and U.S. are ‘a concern’ for Ireland, whose small and open economy is already being impacted by global trade tensions and Brexit, Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
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Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: paul faith, afp, getty images
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Brexit and trade tensions having an impact on Irish growth, finance minister says

Brexit and trade tensions having an impact on Irish growth, finance minister says

5 Hours Ago

President Donald Trump’s comments about the transatlantic relationship between the EU and U.S. are ‘a concern’ for Ireland, whose small and open economy is already being impacted by global trade tensions and Brexit, Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: paul faith, afp, getty images
Keywords: news, cnbc, companies, brexit, minister, tensions, growth, washington, impact, trumps, transatlantic, told, spring, trade, having, finance, irish


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Michael Avenatti says Nike ‘pulled a stunt’ by having him arrested

Michael Avenatti said Nike “pulled a stunt” by having him arrested before he could go public with accusations that the retailer paid certain high school athletes to coax them into playing basketball at Nike-sponsored colleges. Nike “has been covering up this scandal for over five years,” Avenatti told CNBC’s “Closing Bell” on Monday. “I find it very curious … Nike has yet to deny bribing players,” Avenatti said on Monday. He was arrested in New York just 15 minutes after he tweeted he would be


Michael Avenatti said Nike “pulled a stunt” by having him arrested before he could go public with accusations that the retailer paid certain high school athletes to coax them into playing basketball at Nike-sponsored colleges. Nike “has been covering up this scandal for over five years,” Avenatti told CNBC’s “Closing Bell” on Monday. “I find it very curious … Nike has yet to deny bribing players,” Avenatti said on Monday. He was arrested in New York just 15 minutes after he tweeted he would be
Michael Avenatti says Nike ‘pulled a stunt’ by having him arrested Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: lauren thomas
Keywords: news, cnbc, companies, basketball, scandal, extortion, evidence, having, stunt, avenatti, michael, arrested, school, players, nike, pulled, going, public


Michael Avenatti says Nike 'pulled a stunt' by having him arrested

Michael Avenatti said Nike “pulled a stunt” by having him arrested before he could go public with accusations that the retailer paid certain high school athletes to coax them into playing basketball at Nike-sponsored colleges.

Nike “has been covering up this scandal for over five years,” Avenatti told CNBC’s “Closing Bell” on Monday. “They knew they could not control me. … They effectively had to shoot the messenger.”

Avenatti, who is now facing extortion charges, over the weekend dumped 41 pages of documents that he claims contain evidence showing Nike “bribed players” to attend certain Nike-sponsored schools. He also tweeted about Duke University’s star basketball player and slated-to-be No. 1 pick in the NBA draft, Zion Williamson, being involved in the “scandal.” Avenatti alleges Williamson’s mother accepted money for him to end up at Duke. The school has since said it’s “looking into” these claims.

“I find it very curious … Nike has yet to deny bribing players,” Avenatti said on Monday. “I am willing to work with the government … with the NCAA … with these colleges. I’m an open book.”

“When the truth is known, people are going to rightly be outraged by this level of corruption,” he added. “Nike investors are going to ask themselves: Why didn’t Nike disclose this … along the way?”

This all comes after Avenatti, who has gained widespread notoriety in the past year for representing porn star Stormy Daniels in lawsuits against President Donald Trump and his former lawyer Michael Cohen, was arrested and charged in New York last month for trying to extort millions of dollars from Nike by threatening to take his allegations public. At the same time, Avenatti was also separately charged in a second federal case in Los Angeles for embezzling a client’s money “in order to pay his own expenses and debts,” according to prosecutors.

Avenatti has, meanwhile, denied he tried to shake down Nike, saying he was just working on behalf of one of his clients. He was arrested in New York just 15 minutes after he tweeted he would be revealing a high school and college basketball scandal. Based on the charges in both cases against him, if convicted, Avenatti faces nearly 100 years in prison and potential disbarment as a lawyer.

Now, as the NCAA men’s Final Four basketball tournament comes to a close, Avenatti is going public with his allegations against Nike. He claims to have evidence that more than $170,000 has been paid out by the retailer to family members of basketball players, including the Phoenix Suns’ Deandre Ayton, former University of Nevada Las Vegas player Brandon McCoy and Oregon Ducks’ Bol Bol.

He told CNBC the 41 pages of documents he’s posted on the internet thus far just “scratch the surface” in terms of the evidence he has against Nike. “We have more from where than came from.”

Nike over the weekend had said it “will not respond to the allegations of an individual facing federal charges of fraud and extortion and aid in his disgraceful attempts to distract from the athletes on the court at the height of the tournament.” And that it “will continue its cooperation with the government’s investigation into grassroots basketball and the related extortion case.”


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: lauren thomas
Keywords: news, cnbc, companies, basketball, scandal, extortion, evidence, having, stunt, avenatti, michael, arrested, school, players, nike, pulled, going, public


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Ex-Navy SEAL: This mentality ‘rubs everybody the wrong way’ but it led to my success

David Goggins is the only member of the U.S. armed forces ever to complete training as a Navy SEAL, Army Ranger and Air Force Tactical Air Controller. Today, at age 44, the retired SEAL is an accomplished endurance athlete, having competed in more than 60 ultra-marathons, triathlons, and ultra-triathlons and having won a handful of them. Goggins credits his success to what he calls the “day one, week one” mentality. He lives each day like it’s the first day of the first week of a new job. While


David Goggins is the only member of the U.S. armed forces ever to complete training as a Navy SEAL, Army Ranger and Air Force Tactical Air Controller. Today, at age 44, the retired SEAL is an accomplished endurance athlete, having competed in more than 60 ultra-marathons, triathlons, and ultra-triathlons and having won a handful of them. Goggins credits his success to what he calls the “day one, week one” mentality. He lives each day like it’s the first day of the first week of a new job. While
Ex-Navy SEAL: This mentality ‘rubs everybody the wrong way’ but it led to my success Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: kathleen elkins, -david goggins, retired navy seal, best-selling author
Keywords: news, cnbc, companies, youve, mentality, seal, success, week, job, way, rubs, york, exnavy, day, air, led, having, wrong, youre, everybody


Ex-Navy SEAL: This mentality 'rubs everybody the wrong way' but it led to my success

David Goggins is the only member of the U.S. armed forces ever to complete training as a Navy SEAL, Army Ranger and Air Force Tactical Air Controller.

He’s also a former Guinness World Record holder for completing 4,030 pull-ups in 17 hours. Today, at age 44, the retired SEAL is an accomplished endurance athlete, having competed in more than 60 ultra-marathons, triathlons, and ultra-triathlons and having won a handful of them. He’s also the New York Times best-selling author of “Can’t Hurt Me.”

Goggins credits his success to what he calls the “day one, week one” mentality. He lives each day like it’s the first day of the first week of a new job. While this mindset “rubs everybody the wrong way,” he says, it works.

Think back to the last time you were trying to land a new position, he says: “Before you go to a job interview, you lay your clothes out. You’ve got your bowl out for your oatmeal, your protein shake, everything is laid out. You show up 30 minutes early. You’re prepped. You studied.”


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: kathleen elkins, -david goggins, retired navy seal, best-selling author
Keywords: news, cnbc, companies, youve, mentality, seal, success, week, job, way, rubs, york, exnavy, day, air, led, having, wrong, youre, everybody


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