‘A new world disorder’: Global leaders head to Davos 2020 in search of stability

BERLIN, GERMANY – FEBRUARY 07: German Chancellor Angela Merkel in the course of a special faction meeting, on February 07, 2018 in Berlin, Germany. Thousands of politicians and business leaders will address this question as they attend this year’s World Economic Forum (WEF) in Davos, Switzerland. In the words of Davos attendee and the former Prime Minister of Finland, Alexander Stubb, there’s a “new world disorder” that needs to be addressed. “Right now, the U.S. has left power vacuums, on trade


BERLIN, GERMANY – FEBRUARY 07: German Chancellor Angela Merkel in the course of a special faction meeting, on February 07, 2018 in Berlin, Germany.
Thousands of politicians and business leaders will address this question as they attend this year’s World Economic Forum (WEF) in Davos, Switzerland.
In the words of Davos attendee and the former Prime Minister of Finland, Alexander Stubb, there’s a “new world disorder” that needs to be addressed.
“Right now, the U.S. has left power vacuums, on trade
‘A new world disorder’: Global leaders head to Davos 2020 in search of stability Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: silvia amaro
Keywords: news, cnbc, companies, global, davos, union, leadership, security, leaders, 2020, head, world, stability, search, power, vacuums, stubb, trade, disorder, climate


'A new world disorder': Global leaders head to Davos 2020 in search of stability

BERLIN, GERMANY – FEBRUARY 07: German Chancellor Angela Merkel in the course of a special faction meeting, on February 07, 2018 in Berlin, Germany.

Where are we headed? Thousands of politicians and business leaders will address this question as they attend this year’s World Economic Forum (WEF) in Davos, Switzerland.

Next week’s gathering is taking place at a time of heightened trade disruptions, shifts in foreign policy and a climate emergency — just to name some of the main challenges facing global leadership. In the words of Davos attendee and the former Prime Minister of Finland, Alexander Stubb, there’s a “new world disorder” that needs to be addressed.

“Right now, the U.S. has left power vacuums, on trade, climate, security; world leadership in general. Who’s going to fulfil those vacuums?” Stubb asked during a phone interview with CNBC Monday.

The European Union (EU) has tried to be a mediator between the United States and the Middle East, attempted leadership on climate aims, and despite a more protectionist tone out of the White House, continued to back multilateral trade. However, internal divergences within the 28-member union, including on security policy, has not enabled it to drive the global agenda.

“The U.S. is playing a different power game than what we were used to,” Stubb told CNBC, before adding, “I will be looking very closely to the geopolitics at Davos.”


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: silvia amaro
Keywords: news, cnbc, companies, global, davos, union, leadership, security, leaders, 2020, head, world, stability, search, power, vacuums, stubb, trade, disorder, climate


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NFL owners don’t like Carolina Panthers’ $60 million deal for new head coach Matt Rhule. Coaches love it

Usually, NFL head coaching deals don’t exceed five or six years, but Gruden changed that with this agreement. “It raised the bar,” former NFL head coach Tony Dungy told CNBC in an interview. In the NFL, coaching contracts are not included in a team’s salary cap, so those numbers don’t typically get released. Head coach Matt LaFleur of the Green Bay Packers is congratulated by head coach Pete Carroll of the Seattle Seahawks after their 28-23 win in the NFC Divisional Playoff game at Lambeau Field


Usually, NFL head coaching deals don’t exceed five or six years, but Gruden changed that with this agreement.
“It raised the bar,” former NFL head coach Tony Dungy told CNBC in an interview.
In the NFL, coaching contracts are not included in a team’s salary cap, so those numbers don’t typically get released.
Head coach Matt LaFleur of the Green Bay Packers is congratulated by head coach Pete Carroll of the Seattle Seahawks after their 28-23 win in the NFC Divisional Playoff game at Lambeau Field
NFL owners don’t like Carolina Panthers’ $60 million deal for new head coach Matt Rhule. Coaches love it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: jabari young
Keywords: news, cnbc, companies, owners, dont, matt, nfl, rhule, love, million, deal, coach, pay, coaching, panthers, university, head, coaches


NFL owners don't like Carolina Panthers' $60 million deal for new head coach Matt Rhule. Coaches love it

Carolina Panthers head coach Matt Rhule, second from left, laughs as he stands with team owner David Tepper, left, Tom Glick, President of Business Operations, and General Manager Marty Hurney during an introductory news conference at Atrium Health Dome in Charlotte, N.C., on Wednesday, Jan. 8, 2020. David T. Foster | Charlotte Observer | Getty Images

Whether he knows it or not, Matt Rhule has cemented his place in the National Football League’s coaching history books — before he’s coached a single professional football game. Rhule, who signed a seven-year deal worth $60 million to become head coach of the Carolina Panthers, sent shock waves through the NFL when the news leaked last week. His deal is also being celebrated throughout coaching circles as other coaches hope it will push their salaries higher as well, according to interviews with sports agents and league officials, many of whom didn’t want to be identified because contract terms are confidential. While Panthers owner David Tepper will be paying Rhule roughly $8 million to $10 million per season, which is a lot in the league, that’s not a record amount for an NFL coach. New England Patriots coach Bill Belichick is currently the highest paid coach at $12 million per season, with Seattle’s Pete Carroll next at $11 million, according to Forbes. New Orleans coach Sean Payton and Pittsburgh Steelers coach Mike Tomlin are also earning at least $10 million a year, according to two people with knowledge of the contracts. Rhule’s deal attracted a lot of attention because, unlike other highly paid NFL coaches, the former head football coach at Baylor University has never coached an NFL team in his career, let alone win a Super Bowl like Belichick, Carroll, Payton and Tomlin.

Setting the bar

Top NFL coaches didn’t start regularly making multiple millions until the late 1990s when former Green Bay Packers coach Mike Holmgren set the bar for lucrative coaching contracts. He left his $2 million coaching gig in Wisconsin in 1998 to sign an eight-year deal with the Seahawks valued at roughly $4 million a season. The deal made Holmgren the highest-paid coach in the NFL in 1999 and set in motion a new pay scale for top head coaches. Jon Gruden’s $100 million deal signed with the Oakland Raiders in 2018 is interesting, not only for the amount, but the fact that it’s for 10 years, which was viewed in coaching circles as another shift. Usually, NFL head coaching deals don’t exceed five or six years, but Gruden changed that with this agreement. It’s estimated the average NFL head coaching salary is roughly $6 million to $7 million, but it could climb to as high as $10 million with Rhule’s deal, according to one sports agent.

Upset owners

‘Raised the bar’

The thinking in some NFL coaching circles is Rhule’s deal, which was longer than most thanks to Gruden’s precedent-setting 10-year deal, will help more top NFL coaches garner even more than Rhule’s $60 million contract. “It raised the bar,” former NFL head coach Tony Dungy told CNBC in an interview. “It’s like that player — as soon as one player makes that — then everybody else in the office the next time around, ‘Hey, so and so is worth this. I must be worth this.'” “There is no going back now,” Dungy added. “I think you’re going to see this increase because it’s telling the other coaches that money is out there. Carolina is not the only team that can afford to pay that.” In the NFL, coaching contracts are not included in a team’s salary cap, so those numbers don’t typically get released. Sports agents generally obey a code of silence when asked about coach pay. Teams report coach contract terms to the NFL for commissioner Roger Goodell to review, and numbers are documented in case there’s a dispute.

Value of a coach

Bob LaMonte, the agent who became one of the most powerful coaching agents in the NFL, said owners are increasingly seeing the value in a great coach and some, like Tepper, aren’t afraid to spend a lot of money to get one.

Head coach Matt LaFleur of the Green Bay Packers is congratulated by head coach Pete Carroll of the Seattle Seahawks after their 28-23 win in the NFC Divisional Playoff game at Lambeau Field on January 12, 2020 in Green Bay, Wisconsin. Dylan Buell | Getty Images

“Owners have the money to spend,” LaMonte said. “The coach, without him, it doesn’t matter going down the line with the players you have because he’s not going to be able to get you to the promised land if he’s not a great coach.” LaMonte is president of Public Sports Representation, an agency that represent coaches and NFL general managers, including Holmgren and Gruden. When he first founded the agency in 1979, his challenge was getting owners to understand “money-value wise what a coach was worth because coaches never had agents. Coaches didn’t make any money.”

Changing the pay scales

LaMonte helped change the pay scales when he negotiated the deals for Holmgren and Gruden, giving coaches more leverage. LaMonte “knew what other guys were making,” Dungy said. “So, you want my client; I know what [a team] is prepared to pay. We didn’t know that as coaches. We didn’t know what other guys were making, what could be done, so you were at the mercy of the owners. Bob just said, ‘Hey, I’ve got six or seven guys. I know what they’re making. If you want one of my other guys, you’ve got to step to the table with this,’ and it helped everybody out.” One reason why some owners were upset with Tepper is because they are worried it will drive up prices for talented college coaches like University of Alabama’s Nick Saban, who returned to college coaching after leading the Miami Dolphins.

College to NFL

When Saban first came to the NFL from Louisiana State University, his five-year head coaching contract in Miami was reportedly valued at roughly $5 million per season. In 2019, Saban made approximately $8.8 million at Alabama, which ranks second behind Clemson University’s Dabo Swinney at $9.3 million, according to Sporting News. University of Michigan head coach Jim Harbaugh’s win record would suggest even higher pay if he ever decides to return to the NFL. As a college coach, Rhule has only been to four bowl games with a combined record of 47-43 after stints at Temple University and Baylor University. Harbaugh’s college record is 76-39, including seven bowl appearances, and he led the San Francisco 49ers to Super Bowl XLVII in 2013. Tepper also signed Rhule for seven years when owners typically don’t commit to first-year head NFL coaches for more than four years. “But now they’re not going to be able to get them for anything less than five,” said the NFL agent who asked not to be identified. “I think the new standard has been set.”

The hard part


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: jabari young
Keywords: news, cnbc, companies, owners, dont, matt, nfl, rhule, love, million, deal, coach, pay, coaching, panthers, university, head, coaches


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Cloudera taps former head of the company it merged with to be its new CEO

Data software company Cloudera named Rob Bearden as its new CEO on Monday. Bearden was previously the CEO of rival Hortonworks, which merged with Cloudera last year in a stock swap that valued the combined companies at $5.2 billion. The two companies’ stocks moved lower as they competed with each other, as well as better-capitalized cloud infrastructure providers like Amazon and more traditional database software companies like Oracle. Cloudera’s CEO following the merger, Tom Reilly, resigned in


Data software company Cloudera named Rob Bearden as its new CEO on Monday.
Bearden was previously the CEO of rival Hortonworks, which merged with Cloudera last year in a stock swap that valued the combined companies at $5.2 billion.
The two companies’ stocks moved lower as they competed with each other, as well as better-capitalized cloud infrastructure providers like Amazon and more traditional database software companies like Oracle.
Cloudera’s CEO following the merger, Tom Reilly, resigned in
Cloudera taps former head of the company it merged with to be its new CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: jordan novet
Keywords: news, cnbc, companies, cloudera, hortonworks, following, taps, mapr, merged, cole, company, companies, ceo, head, software, bearden


Cloudera taps former head of the company it merged with to be its new CEO

Data software company Cloudera named Rob Bearden as its new CEO on Monday. Bearden was previously the CEO of rival Hortonworks, which merged with Cloudera last year in a stock swap that valued the combined companies at $5.2 billion.

Shares of Cloudera rose 3% in extended trading following the announcement.

Bearden is a familiar face for many of the company’s employees. Now he’s keen to eke out more savings from the integration of the two companies and bring in more revenue from customers.

Cloudera has already achieved about $125 million in cost synergies, Bearden said in an interview with CNBC on Monday. “We see that there’s probably in just operating efficiencies about half that much again that we can get, and we’re very focused on generating free cash flow,” he said.

Cloudera was founded in 2008, and Hortonworks, which Bearden co-founded, spun out of Yahoo in 2011. The two companies for years challenged each other to commercialize the Hadoop open-source software for storing and processing lots of different kinds of data.

The two companies’ stocks moved lower as they competed with each other, as well as better-capitalized cloud infrastructure providers like Amazon and more traditional database software companies like Oracle. Then they came together, looking to take advantage of each other’s distinguishing characteristics.

Cloudera’s CEO following the merger, Tom Reilly, resigned in July, shortly after Carl Icahn disclosed a stake in the company, and board member Marty Cole took over as interim CEO.

Under Cole, a former Accenture executive, Cloudera stock has nearly doubled as the company beat analysts’ expectations. At a $3.4 billion market capitalization, though, Cloudera is still worth less than the $5.2 billion of Cloudera and Hortonworks put together when the merger was announced in October 2018.

Now Cole is retiring to spend time deep-sea fishing.

Hewlett Packard Enterprise recently acquired the assets of another company in the category, MapR, sending worried MapR customers into Cloudera’s arms.

“We’ve had a number of the MapR customers reaching out to us, and as they learn more about CDP [the Cloudera Data Platform], they’re very aggressively embracing us,” Bearden said.

Bearden had a brief stint as CEO of open-source software start-up Docker, but that company sold off part of its business to privately held Mirantis in November, and Bearden left then.

Bearden said he has spent the past two or three months meeting with Cloudera’s management team to try to establish the plan for the company’s 2021 fiscal year, which begins on February 1, 2020.

“I just got very excited about the team itself, the momentum the company was building, and the reception of the new product across the customer bases, and just saw a huge, massive opportunity, and things just fell into place naturally,” Bearden said. He was not on the Cloudera’s committee to find a replacement for Cole.

WATCH: Cloudera upgraded following earnings


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: jordan novet
Keywords: news, cnbc, companies, cloudera, hortonworks, following, taps, mapr, merged, cole, company, companies, ceo, head, software, bearden


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FCC head Ajit Pai on the expansion of 5G spectrum and Huawei

FCC head Ajit Pai on the expansion of 5G spectrum and HuaweiFCC Chairman Ajit Pai sits down with CNBC’s Jon Fortt to discuss the expansion of 5G, the availability of new spectrum, and more.


FCC head Ajit Pai on the expansion of 5G spectrum and HuaweiFCC Chairman Ajit Pai sits down with CNBC’s Jon Fortt to discuss the expansion of 5G, the availability of new spectrum, and more.
FCC head Ajit Pai on the expansion of 5G spectrum and Huawei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, expansion, huaweifcc, sits, ajit, pai, jon, spectrum, huawei, fcc, fortt, head


FCC head Ajit Pai on the expansion of 5G spectrum and Huawei

FCC head Ajit Pai on the expansion of 5G spectrum and Huawei

FCC Chairman Ajit Pai sits down with CNBC’s Jon Fortt to discuss the expansion of 5G, the availability of new spectrum, and more.


Company: cnbc, Activity: cnbc, Date: 2020-01-09
Keywords: news, cnbc, companies, expansion, huaweifcc, sits, ajit, pai, jon, spectrum, huawei, fcc, fortt, head


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Dallas Cowboys is cutting ties with head coach Jason Garrett after 10 seasons

Head coach Jason Garrett of the Dallas Cowboys looks down after a ruling against them during the first quarter at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania. The Dallas Cowboys will not retain head coach Jason Garrett after 10 seasons, according to Jerry Jones, the owner and general manager of the Cowboys. “We are extremely grateful to Jason Garrett for his more than 20 years of service to the Dallas Cowboys as a player, assistant coach and & head coach,” Jones sa


Head coach Jason Garrett of the Dallas Cowboys looks down after a ruling against them during the first quarter at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania.
The Dallas Cowboys will not retain head coach Jason Garrett after 10 seasons, according to Jerry Jones, the owner and general manager of the Cowboys.
“We are extremely grateful to Jason Garrett for his more than 20 years of service to the Dallas Cowboys as a player, assistant coach and & head coach,” Jones sa
Dallas Cowboys is cutting ties with head coach Jason Garrett after 10 seasons Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: jabari young
Keywords: news, cnbc, companies, dallas, jones, seasons, jason, coach, team, garrett, saints, cutting, head, cowboys, season, ohio, ties, payton


Dallas Cowboys is cutting ties with head coach Jason Garrett after 10 seasons

Head coach Jason Garrett of the Dallas Cowboys looks down after a ruling against them during the first quarter at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania.

The Dallas Cowboys will not retain head coach Jason Garrett after 10 seasons, according to Jerry Jones, the owner and general manager of the Cowboys.

After a series of meetings throughout the week, Jones declined to offer Garrett a new deal. Earlier this season, Jones also decided against offering Garrett an extension, leaving many to believe Garrett would only save his job with a Super Bowl win or at least a trip to the NFC title game.

Garrett’s five-year contract, which is valued at $30 million, expires Jan. 14.

“We are extremely grateful to Jason Garrett for his more than 20 years of service to the Dallas Cowboys as a player, assistant coach and & head coach,” Jones said in a statement released late Sunday. “His level of commitment, character & dedication to this organization has been outstanding at every stage of his career.”

The Cowboys finished the 2019 season 8-8. In a week 16 matchup to secure the NFC East crown, the team fell to the Philadelphia Eagles, 17-9.

For the Cowboys to have made the playoffs, which start this weekend, they needed to defeat the Washington Redskins on Sunday and hope for an Eagles loss. While the Cowboys won 47-16, the Eagles beat the New York Giants 34-17 to win the division.

The Giants also made a coaching move after the season, firing head coach Pat Shurmur after two seasons.

The question now becomes who Jones will hire as the ninth coach of “America’s Team”?

According to a report by the Fort Worth Star-Telegram, the team started interviewing candidates before announcing Garrett would not return, bringing in former Cincinnati Bengals head coach Marvin Lewis, as well as Mike McCarthy, the ex-Green Bay Packers head coach who led the team to a Super Bowl XLV win.

Rumors have also been swirling around NFL circles about college coach Urban Meyer, who last coached Ohio State in 2018.

Meyer resigned from Ohio State after the 2018 season to focus on his health. He had surgery in 2014 to treat a congenital arachnoid cyst in his brain, which isn’t life-threatening but can cause severe headaches, he’s previously told reporters. He was also suspended by the university for the first three games of his final season after an investigation discovered he mishandled a domestic abuse allegation involving a former assistant coach.

Meyer has a tie to the Cowboys, coaching the team’s star running back Ezekiel Elliott when he played for Ohio State from 2013 to 2016. Meyer’s record as a college coach is 187-32 with a 12-3 record in career bowl games, including stints at the University of Florida and the University of Utah. Meyer has won three national championships — two at Florida and one at Ohio State.

The Cowboys were also rumored to have an interest in New Orleans Saints coach Sean Payton, but the

he is no longer an option. Payton signed a five-year extension with the Saints in September. Financial terms of the contract were not made available.

If the Cowboys still decide to make a run for Payton, they would need to request permission to speak with the 59-year-old coach and offer a compensation package to the Saints should the two sides agree.

Payton served as an assistant head coach/quarterbacks coach with the Cowboys in 2003 under then-coach Bill Parcells. Payton left the team in 2006 when he was hired by the Saints, which he led to a Super Bowl victory in 2010.

Initially hired as the team’s offensive coordinator in 2007, Garrett made his head coaching debut on Nov. 14, 2010, taking over for Wade Phillips, who was fired by the Cowboys following a 45-7 blowout loss to the Green Bay Packers.

Garrett would finish his tenure as the Cowboys coach with an overall record of 85-67 in 152 games, going 2-3 in five postseason contests.


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: jabari young
Keywords: news, cnbc, companies, dallas, jones, seasons, jason, coach, team, garrett, saints, cutting, head, cowboys, season, ohio, ties, payton


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Dallas Cowboys are cutting ties with head coach Jason Garrett after 10 seasons

Head coach Jason Garrett of the Dallas Cowboys looks down after a ruling against them during the first quarter at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania. The Dallas Cowboys will not retain head coach Jason Garrett after 10 seasons, according to Jerry Jones, the owner and general manager of the Cowboys. “We are extremely grateful to Jason Garrett for his more than 20 years of service to the Dallas Cowboys as a player, assistant coach and & head coach,” Jones sa


Head coach Jason Garrett of the Dallas Cowboys looks down after a ruling against them during the first quarter at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania.
The Dallas Cowboys will not retain head coach Jason Garrett after 10 seasons, according to Jerry Jones, the owner and general manager of the Cowboys.
“We are extremely grateful to Jason Garrett for his more than 20 years of service to the Dallas Cowboys as a player, assistant coach and & head coach,” Jones sa
Dallas Cowboys are cutting ties with head coach Jason Garrett after 10 seasons Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: jabari young
Keywords: news, cnbc, companies, cowboys, ohio, payton, coach, dallas, seasons, cutting, season, jones, saints, jason, garrett, team, ties, head


Dallas Cowboys are cutting ties with head coach Jason Garrett after 10 seasons

Head coach Jason Garrett of the Dallas Cowboys looks down after a ruling against them during the first quarter at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania.

The Dallas Cowboys will not retain head coach Jason Garrett after 10 seasons, according to Jerry Jones, the owner and general manager of the Cowboys.

After a series of meetings throughout the week, Jones declined to offer Garrett a new deal. Earlier this season, Jones also decided against offering Garrett an extension, leaving many to believe Garrett would only save his job with a Super Bowl win or at least a trip to the NFC title game.

Garrett’s five-year contract, which is valued at $30 million, expires Jan. 14.

“We are extremely grateful to Jason Garrett for his more than 20 years of service to the Dallas Cowboys as a player, assistant coach and & head coach,” Jones said in a statement released late Sunday. “His level of commitment, character & dedication to this organization has been outstanding at every stage of his career.”

The Cowboys finished the 2019 season 8-8. In a week 16 matchup to secure the NFC East crown, the team fell to the Philadelphia Eagles, 17-9.

For the Cowboys to have made the playoffs, which start this weekend, they needed to defeat the Washington Redskins on Sunday and hope for an Eagles loss. While the Cowboys won 47-16, the Eagles beat the New York Giants 34-17 to win the division.

The Giants also made a coaching move after the season, firing head coach Pat Shurmur after two seasons.

The question now becomes who Jones will hire as the ninth coach of “America’s Team”?

According to a report by the Fort Worth Star-Telegram, the team started interviewing candidates before announcing Garrett would not return, bringing in former Cincinnati Bengals head coach Marvin Lewis, as well as Mike McCarthy, the ex-Green Bay Packers head coach who led the team to a Super Bowl XLV win.

Rumors have also been swirling around NFL circles about college coach Urban Meyer, who last coached Ohio State in 2018.

Meyer resigned from Ohio State after the 2018 season to focus on his health. He had surgery in 2014 to treat a congenital arachnoid cyst in his brain, which isn’t life-threatening but can cause severe headaches, he’s previously told reporters. He was also suspended by the university for the first three games of his final season after an investigation discovered he mishandled a domestic abuse allegation involving a former assistant coach.

Meyer has a tie to the Cowboys, coaching the team’s star running back Ezekiel Elliott when he played for Ohio State from 2013 to 2016. Meyer’s record as a college coach is 187-32 with a 12-3 record in career bowl games, including stints at the University of Florida and the University of Utah. Meyer has won three national championships — two at Florida and one at Ohio State.

The Cowboys were also rumored to have an interest in New Orleans Saints coach Sean Payton, but the

he is no longer an option. Payton signed a five-year extension with the Saints in September. Financial terms of the contract were not made available.

If the Cowboys still decide to make a run for Payton, they would need to request permission to speak with the 59-year-old coach and offer a compensation package to the Saints should the two sides agree.

Payton served as an assistant head coach/quarterbacks coach with the Cowboys in 2003 under then-coach Bill Parcells. Payton left the team in 2006 when he was hired by the Saints, which he led to a Super Bowl victory in 2010.

Initially hired as the team’s offensive coordinator in 2007, Garrett made his head coaching debut on Nov. 14, 2010, taking over for Wade Phillips, who was fired by the Cowboys following a 45-7 blowout loss to the Green Bay Packers.

Garrett would finish his tenure as the Cowboys coach with an overall record of 85-67 in 152 games, going 2-3 in five postseason contests.


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: jabari young
Keywords: news, cnbc, companies, cowboys, ohio, payton, coach, dallas, seasons, cutting, season, jones, saints, jason, garrett, team, ties, head


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Oil outlook is bullish, but don’t expect big spikes seen during past conflicts, analysts say

While the market digests the unrest caused by the United States’ airstrike that killed Iran’s top commander, the key factor that will determine oil’s next move is how Iran retaliates. This resiliency was on display in September after drone attacks on Saudi Arabia’s oil facilities in Abqaiq and Khurais took an estimated 5.7 million barrels of oil offline. If conflict breaks out, which the firm’s Middle East and North Africa head Ayham Kamel places at 30% likelihood, prices could climb as high as


While the market digests the unrest caused by the United States’ airstrike that killed Iran’s top commander, the key factor that will determine oil’s next move is how Iran retaliates.
This resiliency was on display in September after drone attacks on Saudi Arabia’s oil facilities in Abqaiq and Khurais took an estimated 5.7 million barrels of oil offline.
If conflict breaks out, which the firm’s Middle East and North Africa head Ayham Kamel places at 30% likelihood, prices could climb as high as
Oil outlook is bullish, but don’t expect big spikes seen during past conflicts, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: pippa stevens
Keywords: news, cnbc, companies, states, prices, seen, head, dont, conflicts, spikes, production, oil, expect, bullish, iran, saudi, outlook, say, east, past, middle, united


Oil outlook is bullish, but don't expect big spikes seen during past conflicts, analysts say

Ahmad Al-Rubaye | AFP | Getty Images

Oil spikes above $100 may be a thing of the past, but prices are likely to head higher as tensions mount in the Middle East, with Citi global head of commodity research Ed Morse forecasting that Brent prices will top $70 in short order. While the market digests the unrest caused by the United States’ airstrike that killed Iran’s top commander, the key factor that will determine oil’s next move is how Iran retaliates. “We should not think of it as a short-term situation,” RBC head of commodity research Helima Croft said Friday on CNBC’s “Worldwide Exchange.” “Their response I think is going to be something we’ll be dealing with over the course of 2020 … I don’t believe this is over.” International benchmark Brent crude rose as high at $69.50, before paring gains to trade at $68.67, a gain of 3.7% or $2.44. U.S. West Texas Intermediate settled at $63.05 for a gain of $1.87, or 3%. Earlier in the session WTI hit $64.09, its highest level since April. This spike — which once would have been much larger on this kind of situation — and then retreat, demonstrates how oil has become resilient to Middle East tensions, in part due to the United States’ shale-driven surge in production. This resiliency was on display in September after drone attacks on Saudi Arabia’s oil facilities in Abqaiq and Khurais took an estimated 5.7 million barrels of oil offline. While oil initially spiked 8% and climbed higher, prices ultimately drifted back down and a few weeks later were back at pre-attack levels after Saudi Aramco quickly restored production.

Tight supply

That said, this time around things could be different. On Friday Eurasia Group raised its 2020 high end base case oil target to $75 per barrel, based on “rising risk to oil infrastructure in the region.” If conflict breaks out, which the firm’s Middle East and North Africa head Ayham Kamel places at 30% likelihood, prices could climb as high as $95. While production hasn’t been impacted — or at least not yet — the lasting impact could be greater, depending on Iran’s retaliation. This could be especially true if Iran targets production in Iraq, which Morse said is one possible scenario, and Again Capital’s John Kilduff said is the “key piece to this puzzle.” “Iraq’s southern oil output and exports via Basra hang in the balance. If that gets hit, oil prices will spike higher,” he said in an email to CNBC. Iraq is OPEC’s second largest oil producer, pumping around 4.6 million barrels per day in December, and the country has been caught between Iran and the United States for years. Tudor, Pickering, Holt & Co.’s Michael Bradley noted that unlike Saudi Arabia, which was able to restore production quickly, the likelihood that Iraq could do the same is slim. “Certainly Saudi could quickly put oil into the markets and stabilize price, but beyond them, there really isn’t any spare capacity outside of Iran,” he said to CNBC in an email. He added that traders aren’t pricing in “a ton of risk premium for things to get out of control” in the Middle East, despite tight supply as the United States dials back its production and crude enters a seasonally weak period of the year.

Energy Aspects’ Amrita Sen echoed this, saying that the market has become too complacent, and has failed to consider just how tight the crude market has become. She said Friday on CNBC’s “Worldwide Exchange” that while prices could temporarily return to pre-attack levels given an incorrect perception that the world is awash in oil, “once you start to see the reaction from Iran … then prices can go back up again.”

Possible retaliation


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: pippa stevens
Keywords: news, cnbc, companies, states, prices, seen, head, dont, conflicts, spikes, production, oil, expect, bullish, iran, saudi, outlook, say, east, past, middle, united


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Mnuchin to head US delegation to World Economic Forum in Davos

U.S. Treasury Secretary Steven Mnuchin will lead a group of U.S. officials who will attend the World Economic Forum later this month in Davos, Switzerland, the White House said Wednesday. Reuters reported on Dec. 17 that President Donald Trump planned to attend the annual Davos economic forum, citing asource familiar with the plan. In 2019, Trump had to cancel his plan to attend the annual gathering of global economic and world leaders due to agovernment shutdown. He attended the Davos forum in


U.S. Treasury Secretary Steven Mnuchin will lead a group of U.S. officials who will attend the World Economic Forum later this month in Davos, Switzerland, the White House said Wednesday.
Reuters reported on Dec. 17 that President Donald Trump planned to attend the annual Davos economic forum, citing asource familiar with the plan.
In 2019, Trump had to cancel his plan to attend the annual gathering of global economic and world leaders due to agovernment shutdown.
He attended the Davos forum in
Mnuchin to head US delegation to World Economic Forum in Davos Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, trump, house, economic, attend, delegation, white, world, president, mnuchin, secretary, head, forum, davos


Mnuchin to head US delegation to World Economic Forum in Davos

US President Donald Trump and Treasury Secretary Steven Mnuchin (L) speaks during a tour of the H&K Equipment Company in Coraopolis, Pennsylvania on January 18, 2018.

U.S. Treasury Secretary Steven Mnuchin will lead a group of U.S. officials who will attend the World Economic Forum later this month in Davos, Switzerland, the White House said Wednesday.

Mnuchin will be joined by officials including Commerce Secretary Wilbur Ross, Labor Secretary Eugene Scalia,

Transportation Secretary Elaine Chao, U.S. Trade Representative Robert Lighthizer and White House senior advisors Ivanka Trump and Jared Kushner.

Also attending will be Keith Krach, a State Department under secretary for growth, energy and the environment, and

Christopher Liddell, a White House deputy chief of staff.

Reuters reported on Dec. 17 that President Donald Trump planned to attend the annual Davos economic forum, citing a

source familiar with the plan. A White House official, speaking on condition of anonymity, said on Wednesday that Trump is still expected to attend at this time.

In 2019, Trump had to cancel his plan to attend the annual gathering of global economic and world leaders due to a

government shutdown. He attended the Davos forum in 2018.

The World Economic Forum in the Swiss ski resort town is scheduled to run Jan. 21-24.

Events in Congress could affect the Republican president’s attendance at the event. Trump, who became the third American president to be impeached on Dec. 18, faces a trial on charges of abuse of power and obstruction of Congress once House Speaker Nancy Pelosi, a Democrat, sends the charges — called articles of impeachment — to the Republican-controlled Senate.

A dispute between Pelosi and Senate Leader Mitch McConnell over how the trial will be conducted arose after the

Democratic-controlled House of Representatives impeached Trump.


Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, trump, house, economic, attend, delegation, white, world, president, mnuchin, secretary, head, forum, davos


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Money starting to come back into the UK, strategist says

Money starting to come back into the UK, strategist saysAlan Custis, head of U.K. equities at Lazard Asset Management, discusses his outlook for the U.K. economy.


Money starting to come back into the UK, strategist saysAlan Custis, head of U.K. equities at Lazard Asset Management, discusses his outlook for the U.K. economy.
Money starting to come back into the UK, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, come, equities, lazard, strategist, saysalan, outlook, starting, management, head, money


Money starting to come back into the UK, strategist says

Money starting to come back into the UK, strategist says

Alan Custis, head of U.K. equities at Lazard Asset Management, discusses his outlook for the U.K. economy.


Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, come, equities, lazard, strategist, saysalan, outlook, starting, management, head, money


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NFL teams slash staff on ‘Black Monday.’ Here’s who’s out

The Cleveland Browns, New York Giants, Washington Redskins and Carolina Panthers have all fired their head coaches as of Monday afternoon. Browns fire head coach Freddie KitchensThe Browns announced Sunday that head coach Freddie Kitchens has been “relieved of his duties” as head coach. The Haslams said they are “excited about the core players” and hope to hire a head coach that “will put this group of players in the best position to succeed.” Giants let go of head coach Pat ShurmurNew York Gian


The Cleveland Browns, New York Giants, Washington Redskins and Carolina Panthers have all fired their head coaches as of Monday afternoon.
Browns fire head coach Freddie KitchensThe Browns announced Sunday that head coach Freddie Kitchens has been “relieved of his duties” as head coach.
The Haslams said they are “excited about the core players” and hope to hire a head coach that “will put this group of players in the best position to succeed.”
Giants let go of head coach Pat ShurmurNew York Gian
NFL teams slash staff on ‘Black Monday.’ Here’s who’s out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: elly cosgrove
Keywords: news, cnbc, companies, coach, york, whos, head, browns, slash, heres, staff, pat, seasons, giants, nfl, teams, black, freddie, release, team


NFL teams slash staff on 'Black Monday.' Here's who's out

Head coach Freddie Kitchens of the Cleveland Browns looks on from the sidelines during the first half of the NFL football game against the Arizona Cardinals at State Farm Stadium on December 15, 2019 in Glendale, Arizona. Ralph Freso | Getty Images

With the close of the NFL’s regular season comes “Black Monday,” the annual purge of coaches and executives whose teams didn’t make the playoffs. The Cleveland Browns, New York Giants, Washington Redskins and Carolina Panthers have all fired their head coaches as of Monday afternoon.

Browns fire head coach Freddie Kitchens

The Browns announced Sunday that head coach Freddie Kitchens has been “relieved of his duties” as head coach. Kitchens joined the Browns as a running backs and associate head coach in 2018 and was promoted to offensive coordinator later that year, according to the team’s release. He stepped into the head coaching role in January of 2019. “We thank Freddie for his hard work and commitment to this organization but did not see the success or opportunities for improvement to move forward with him as our head coach,” Browns owners Dee and Jimmy Haslam said in the release. “Our focus is on hiring an exceptional leader for this football team and we will take a comprehensive approach to this process.” The Haslams said they are “excited about the core players” and hope to hire a head coach that “will put this group of players in the best position to succeed.”

Giants let go of head coach Pat Shurmur

New York Giants head coach Pat Shurmur prior to the National Football League game between the New York Giants and the Philadelphia Eagles on December 29, 2019 at MetLife Stadium in East Rutherford, NJ. Rich Graessle | Getty Images

Giants head coach Pat Shurmur is also out of the job after two seasons, the team announced Monday morning. The team finished with a 4-12 record this season and has not won more than five games in the last three seasons, according to the release. “The last three seasons have been extremely disappointing for the organization and our fans,” Giants president John Mara said. “Pat has been a successful and highly-respected NFL coach for 21 years and he is not solely responsible for our record. But we came to the conclusion it is best to have a fresh start with the coaching staff.”

Redskins part with president Bruce Allen


Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: elly cosgrove
Keywords: news, cnbc, companies, coach, york, whos, head, browns, slash, heres, staff, pat, seasons, giants, nfl, teams, black, freddie, release, team


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