Trump claims he’s ‘too busy’ to watch impeachment hearing — but he keeps tweeting about it

President Donald Trump claimed Wednesday that he’s just “too busy” to watch the first day of televised impeachment hearings in the House of Representatives — but he kept tweeting about it. “I’m too busy to watch it,” Trump told reporters when asked about the hearing in the Oval Office, where he welcomed Turkish President Recep Tayyip Erdogan. After the proceedings began he switched to retweeting his allies who found fault with the hearing. “He is in the Oval Office in meetings,” Grisham said. Gr


President Donald Trump claimed Wednesday that he’s just “too busy” to watch the first day of televised impeachment hearings in the House of Representatives — but he kept tweeting about it.
“I’m too busy to watch it,” Trump told reporters when asked about the hearing in the Oval Office, where he welcomed Turkish President Recep Tayyip Erdogan.
After the proceedings began he switched to retweeting his allies who found fault with the hearing.
“He is in the Oval Office in meetings,” Grisham said.
Gr
Trump claims he’s ‘too busy’ to watch impeachment hearing — but he keeps tweeting about it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-13  Authors: dan mangan
Keywords: news, cnbc, companies, office, ukraine, hes, allies, watch, hearing, busy, impeachment, oval, tweeting, keeps, grisham, president, claims, trump, house


Trump claims he's 'too busy' to watch impeachment hearing — but he keeps tweeting about it

WASHINGTON, DC – NOVEMBER 13: U.S. President Donald Trump walks along the colonnade after greeting Turkish President Recep Tayyip Erdogan upon his arrival at the South Portico of the White House on November 13, 2019 in Washington, DC.

President Donald Trump claimed Wednesday that he’s just “too busy” to watch the first day of televised impeachment hearings in the House of Representatives — but he kept tweeting about it.

“I’m too busy to watch it,” Trump told reporters when asked about the hearing in the Oval Office, where he welcomed Turkish President Recep Tayyip Erdogan.

“It’s a witch hunt, it’s a hoax,” Trump said.

Trump said “I’m sure I’ll get a report” about the hearing of the House Intelligence Committee, where acting U.S. ambassador to Ukraine William Taylor and senior State Department official George Kent were testifying.

“I have not been briefed,” he said. “There’s nothing there.”

Trump’s allies in the meantime claimed the hearing was a big yawn. Those supporters complained the testimony was “boring.”

In the hours before saying he wasn’t watching, Trump tweeted about the impeachment effort and retweeted — repeatedly — what his allies were saying about the hearing, being chaired by Rep. Adam Schiff, D-Calif.

The impeachment probe is focused on Trump’s pressuring of Ukraine last summer to investigate former Vice President Joe Biden and a conspiracy theory related to the 2016 presidential election, even as Trump withheld nearly $400 million in congressionally appropriated military aid to Ukraine. Biden is seeking the Democratic presidential nomination.

Trump began his tweetstorm early, with short messages for his followers.

After the proceedings began he switched to retweeting his allies who found fault with the hearing.

As he retweeted those posts, Trump’s press secretary Stephanie Grisham said he was not watching the proceedings.

“He is in the Oval Office in meetings,” Grisham said. “He is working.”

When Grisham was asked why there was not a Marine guarding the doors of the West Wing of the White House, as is normally the case when the president is in the Oval Office, Grisham said, “Marine sentries are rehearsing for Turkey arrival.”

Grisham was one of a number of Trump backers who griped that the hearing was “boring.”

Trump’s son Eric echoed that sentiment.

So did a Republican congressman who was sitting in the hearing room during testimony.

Trump’s online media allies were likewise in the “boring” chorus.


Company: cnbc, Activity: cnbc, Date: 2019-11-13  Authors: dan mangan
Keywords: news, cnbc, companies, office, ukraine, hes, allies, watch, hearing, busy, impeachment, oval, tweeting, keeps, grisham, president, claims, trump, house


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Cramer: US economy does not need negative interest rates — ‘it’s a sign of weakness’

The U.S. economy does not need negative interest rates, CNBC’s Jim Cramer said Wednesday. Cramer was responding to President Donald Trump’s suggestion on Tuesday that the Federal Reserve should continue lowering interest rates, possibly veering into negative territory, in order to keep the U.S. competitive in the global market. “We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,


The U.S. economy does not need negative interest rates, CNBC’s Jim Cramer said Wednesday.
Cramer was responding to President Donald Trump’s suggestion on Tuesday that the Federal Reserve should continue lowering interest rates, possibly veering into negative territory, in order to keep the U.S. competitive in the global market.
“We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,
Cramer: US economy does not need negative interest rates — ‘it’s a sign of weakness’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-13  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, sign, need, economic, weakness, interest, white, does, economy, bank, cramer, negative, rates, hes


Cramer: US economy does not need negative interest rates — 'it's a sign of weakness'

The U.S. economy does not need negative interest rates, CNBC’s Jim Cramer said Wednesday.

“It’s a sign of weakness,” the “Mad Money” host said on “Squawk on the Street.”

Cramer was responding to President Donald Trump’s suggestion on Tuesday that the Federal Reserve should continue lowering interest rates, possibly veering into negative territory, in order to keep the U.S. competitive in the global market.

“We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,” Trump said during a speech before the Economic Club of New York. “Whoever heard of such a thing?”

“Give me some of that,” Trump continued. “Give me some of that money. I want some of that money.”

The Fed has lowered its benchmark funds rate three times this year, most recently in October, when it also indicated further easing was unlikely.

The effectiveness of negative interest rates has been up for debate as entities such as the European Central Bank and the Bank of Japan deploy the policy in an effort to boost economic growth.

Effectiveness aside, Cramer said the current state of the American economy undercuts Trump’s pleas — the latest piece of criticism the president has levied against the Fed.

“The negative rate thing, I think, just doesn’t resonate,” Cramer said. “Our economy is just too strong.”

Cramer’s comments Wednesday came ahead of Fed Chairman Jerome Powell’s congressional testimony before the Joint Economic Committee. The head of the central bank added to previous remarks he’s made about negative interest rates, telling Congress they would “not be appropriate in the current environment.”

Cramer said he believes White House economic advisor Larry Kudlow — and his former co-host on the CNBC show “Kudlow & Cramer” — would agree with him.

“Larry would tell you, ‘I think it’s a sign of weakness,'” Cramer said, adding: “He’s an economist. He knows what he’s doing.”

The White House did not immediately resond to a request for comment on Cramer’s remarks.


Company: cnbc, Activity: cnbc, Date: 2019-11-13  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, sign, need, economic, weakness, interest, white, does, economy, bank, cramer, negative, rates, hes


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John Legere would be up for the ‘crazy challenge’ of running WeWork, says Yale’s Jeffrey Sonnenfeld

T-Mobile CEO John Legere could handle the top WeWork job because he’s shown that he’s not afraid of tough situations, Yale School of Management’s Jeffrey Sonnenfeld told CNBC on Monday. Sonnenfeld’s appearance on “Power Lunch” came after reports surfaced Monday that Legere was in talks with WeWork to become CEO of the troubled coworking company. “Wherever John Legere goes, that’s the place to buy,” Sonnenfeld said. “I thought that WeWork was circling the drain until this kind of news, but I woul


T-Mobile CEO John Legere could handle the top WeWork job because he’s shown that he’s not afraid of tough situations, Yale School of Management’s Jeffrey Sonnenfeld told CNBC on Monday.
Sonnenfeld’s appearance on “Power Lunch” came after reports surfaced Monday that Legere was in talks with WeWork to become CEO of the troubled coworking company.
“Wherever John Legere goes, that’s the place to buy,” Sonnenfeld said.
“I thought that WeWork was circling the drain until this kind of news, but I woul
John Legere would be up for the ‘crazy challenge’ of running WeWork, says Yale’s Jeffrey Sonnenfeld Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, challenge, yales, buy, legere, crazy, tmobile, hes, jeffrey, wework, ceo, legeres, sonnenfeld, john, company, running


John Legere would be up for the 'crazy challenge' of running WeWork, says Yale's Jeffrey Sonnenfeld

T-Mobile CEO John Legere could handle the top WeWork job because he’s shown that he’s not afraid of tough situations, Yale School of Management’s Jeffrey Sonnenfeld told CNBC on Monday.

“He likes a crazy challenge,” said Sonnenfeld, who founded the nonprofit Chief Executive Leadership Institute.

Sonnenfeld’s appearance on “Power Lunch” came after reports surfaced Monday that Legere was in talks with WeWork to become CEO of the troubled coworking company. The Wall Street Journal first reported the news.

It’s not the first time Sonnenfeld has floated Legere’s name in reference to WeWork. In September, he suggested on CNBC hat Legere would be a “perfect” replacement for Adam Neumann, who had just stepped down as CEO following controversy over WeWork’s governance and valuation ahead of its expected IPO.

“He’s been very good at revivals and resuscitations,” Sonnenfeld said at the time. WeWork withdrew its IPO filing at the end of September.

In Monday’s appearance, Sonnenfeld referenced Legere’s tenure as CEO of Global Crossing after the telecommunications company was rocked by an accounting scandal in the early 2000s. He’s also praised Legere’s work at T-Mobile following AT&T’s decision to drop its bid to buy the wireless provider.

“There is nobody else on the planet that has the same experience going into over-hyped environments and having the financial wherewithal to tease it out, but also the energy,” Sonnenfeld said.

WeWork is in need of a leader to pull it out of its current crisis. SoftBank Group, struck a deal in October to take control of the company as part of a new $5 billion financing package. On Friday, WeWork said it would be divesting all “non-core” businesses.

“Wherever John Legere goes, that’s the place to buy,” Sonnenfeld said. “I thought that WeWork was circling the drain until this kind of news, but I would believe in WeWork with John Legere there.”

Legere is a known commodity at SoftBank, which is the majority owner of Sprint and previously installed Marcelo Claure to run the mobile phone company. Last year, T-Mobile and Sprint agreed to a $26 billion merger, which has been approved by federal regulators but is still being opposed by various states.

Claure, who’s now executive chairman of WeWork, once called Legere a “con artist” on Twitter, part of a heated spat between the two when they were rivals in wireless.

– CNBC’s Annie Palmer contributed to this report.

WATCH: Wherever T-Mobile’s John Legere goes, that’s the place to buy, Sonnenfeld says


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, challenge, yales, buy, legere, crazy, tmobile, hes, jeffrey, wework, ceo, legeres, sonnenfeld, john, company, running


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NFL player Carl Nassib saves 85% of his income—here’s where he invests his money

NFL linebacker Carl Nassib makes a base salary of $2.03 million with the Tampa Bay Buccaneers — and he saves most of it. By keeping his spending in check, he estimates he saves 85% of his income. “I have about one-third of my money invested and the rest of it is in cash,” says Nassib. Four years into his NFL career, Nassib is already thinking about life after football. Don’t miss: NFL player who saves nearly 90% of his income teaches a money class at Penn called ‘Life 101’Like this story?


NFL linebacker Carl Nassib makes a base salary of $2.03 million with the Tampa Bay Buccaneers — and he saves most of it.
By keeping his spending in check, he estimates he saves 85% of his income.
“I have about one-third of my money invested and the rest of it is in cash,” says Nassib.
Four years into his NFL career, Nassib is already thinking about life after football.
Don’t miss: NFL player who saves nearly 90% of his income teaches a money class at Penn called ‘Life 101’Like this story?
NFL player Carl Nassib saves 85% of his income—here’s where he invests his money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-10  Authors: kathleen elkins
Keywords: news, cnbc, companies, electric, carl, saves, life, hes, player, invests, really, going, nfl, income, incomeheres, nassib, money


NFL player Carl Nassib saves 85% of his income—here's where he invests his money

NFL linebacker Carl Nassib makes a base salary of $2.03 million with the Tampa Bay Buccaneers — and he saves most of it.

After all, “It would be really hard to spend 50% of my income in one year,” the 26-year-old tells CNBC Make It.

While Nassib is earning a massive paycheck, he’s also smart with how he handles it: The team captain sticks to a monthly budget of $3,500 for rent, food and bills, and spends another $400 to $500 on miscellaneous expenses.

By keeping his spending in check, he estimates he saves 85% of his income.

“I have about one-third of my money invested and the rest of it is in cash,” says Nassib. “A lot of people will say that that’s way too much to have in cash, but I don’t feel rushed to jump into any investments or any opportunities right now. I’m going to take my time, learn more and more every day and wait for a really good opportunity to strike.”

The money he does invest mostly goes into index funds, which are highly diversified and typically low-fee funds that anyone can invest in. Plus, “I’m investing in electric utility stocks because I think electric cars are going to be really big,” he says. “And I have a little bit of money invested in copper because electric cars use a lot more copper than regular cars.”

Four years into his NFL career, Nassib is already thinking about life after football. “The NFL career is a fickle one,” he says. “Who knows when it’s going to end.”

That’s why he’s taking advantage of compound interest when he’s young and considering starting a company down the line.

Regardless of how his income fluctuates in the future, though, he plans to continue to keep his expenses low: “I try to live a normal life and not live outside my means.”

Don’t miss: NFL player who saves nearly 90% of his income teaches a money class at Penn called ‘Life 101’

Like this story? Subscribe to CNBC Make It on YouTube!


Company: cnbc, Activity: cnbc, Date: 2019-11-10  Authors: kathleen elkins
Keywords: news, cnbc, companies, electric, carl, saves, life, hes, player, invests, really, going, nfl, income, incomeheres, nassib, money


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Billionaire investor Ray Dalio says he’s ‘impressed’ by Indian prime minister Modi

Billionaire hedge fund manager Ray Dalio said in a tweet that Indian Prime Minister Narendra Modi is “one of the best, if not the best, leaders in the world” — then clarified his position in a series of follow-up tweets. Modi delivered a keynote address at the event in Saudi Arabia where he talked about empowering “the poorest of the poor.” Dalio and Modi then spoke on a range of topics that included meditation, the state of the world and global conflicts. In May, Modi and his Bharatiya Janata P


Billionaire hedge fund manager Ray Dalio said in a tweet that Indian Prime Minister Narendra Modi is “one of the best, if not the best, leaders in the world” — then clarified his position in a series of follow-up tweets.
Modi delivered a keynote address at the event in Saudi Arabia where he talked about empowering “the poorest of the poor.”
Dalio and Modi then spoke on a range of topics that included meditation, the state of the world and global conflicts.
In May, Modi and his Bharatiya Janata P
Billionaire investor Ray Dalio says he’s ‘impressed’ by Indian prime minister Modi Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, prime, tweets, sector, impressed, struggling, billionaire, saudi, leaders, indian, world, hes, minister, investor, dalio, modi, ray, series


Billionaire investor Ray Dalio says he's 'impressed' by Indian prime minister Modi

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., U.S., on Friday, Oct. 18, 2019.

Billionaire hedge fund manager Ray Dalio said in a tweet that Indian Prime Minister Narendra Modi is “one of the best, if not the best, leaders in the world” — then clarified his position in a series of follow-up tweets.

His tweets came on the same day that ratings agency Moody’s downgraded India’s rating outlook from ‘stable’ to ‘negative.’ To be clear, his original tweet appeared before Moody’s announced its ratings change.

Earlier Thursday, Dalio posted a video on his Twitter account where he shared the stage with Modi at the Future Investment Initiative in Riyadh, Saudi Arabia last month.

Modi delivered a keynote address at the event in Saudi Arabia where he talked about empowering “the poorest of the poor.” Dalio and Modi then spoke on a range of topics that included meditation, the state of the world and global conflicts.

Dalio clarified his original tweet in a series of tweets later in the day.

“I am getting a lot of questions about this post, mostly about geopolitics. I want to make clear that I’m not commenting on his geopolitical policies as I’m not knowledgeable enough to comment on them,” the founder of Bridgewater Associates said.

Modi’s government has been criticized for revoking Jammu and Kashmir’s special status earlier this year and its heavy-handed approach in the Kashmir valley to prevent any backlash.

Dalio explained he is “impressed” by Modi’s ability to bring together Indians by “helping the full range of people, from those who are in abject poverty to rich business leaders.” He said Modi is doing so by “providing both basics and cutting edge digital technologies,” and pointed to the Indian leader’s Swachh Bharat campaign that built more than 100 million toilets around the country.

In May, Modi and his Bharatiya Janata Party won a landslide victory at the Indian parliamentary election.

“I think he has a good chance of creating revolutionarily better outcomes with the broad support of the population,” Dalio said.

Still, India’s economic problems are mounting. Growth hit a six-year low in the April-to-June quarter, during which the economy grew 5% from a year ago. Its finance sector is in crisis mode, which has hamstrung lending, while the manufacturing sector is struggling, economists said.

Recent policy reforms have left small-and-medium businesses reeling. In addition, the Indian economy is also struggling to create enough jobs for its workforce.

Modi’s government is said to be in a precarious position where it needs to keep its fiscal deficit under control in order to retain investor confidence while also initiating policy moves to stimulate the economy.

All of those issues appear against a backdrop where global growth is also slowing down.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, prime, tweets, sector, impressed, struggling, billionaire, saudi, leaders, indian, world, hes, minister, investor, dalio, modi, ray, series


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Ex-Trump, Obama, Bush advisor to Mike Bloomberg: ‘Inner city’ voters don’t hate billionaires

John Hope Bryant speaks at the 2017 Andrew Young International Leadership awards and 85th Birthday tribute at Philips Arena on June 3, 2017 in Atlanta, Georgia. Being a billionaire businessman and philanthropist should be viewed as a positive, not a negative, if Mike Bloomberg were to decide to run for president, according to John Hope Bryant, an advocate for economic empowerment. Bryant — founder of Operation Hope and former advisor to Presidents Donald Trump, Barack Obama and George W. Bush —


John Hope Bryant speaks at the 2017 Andrew Young International Leadership awards and 85th Birthday tribute at Philips Arena on June 3, 2017 in Atlanta, Georgia.
Being a billionaire businessman and philanthropist should be viewed as a positive, not a negative, if Mike Bloomberg were to decide to run for president, according to John Hope Bryant, an advocate for economic empowerment.
Bryant — founder of Operation Hope and former advisor to Presidents Donald Trump, Barack Obama and George W. Bush —
Ex-Trump, Obama, Bush advisor to Mike Bloomberg: ‘Inner city’ voters don’t hate billionaires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, hate, hope, room, extrump, bloomberg, dont, bush, warm, voters, mike, hes, bryant, think, vote, obama, inner, trump, told, city


Ex-Trump, Obama, Bush advisor to Mike Bloomberg: 'Inner city' voters don't hate billionaires

John Hope Bryant speaks at the 2017 Andrew Young International Leadership awards and 85th Birthday tribute at Philips Arena on June 3, 2017 in Atlanta, Georgia.

Being a billionaire businessman and philanthropist should be viewed as a positive, not a negative, if Mike Bloomberg were to decide to run for president, according to John Hope Bryant, an advocate for economic empowerment.

Bryant — founder of Operation Hope and former advisor to Presidents Donald Trump, Barack Obama and George W. Bush — told CNBC on Friday the whole concept that Americans hate billionaires is wrong.

“If I want to pack a room in the inner city, I tell them a billionaire is coming,” said Bryant, whose group works with banks, companies, and local governments and organizations to counsel lower income clients on financial literacy.

On Thursday, multiple media outlets reported that Bloomberg, a three-time New York mayor, is thinking about joining the race for the Democratic presidential nomination. A top advisor to the 77-year-old released a statement, saying Bloomberg wants to see Trump defeated, but he’s becoming “increasingly concerned that the current field of candidates is not well positioned to do that.”

Former Vice President Joe Biden, who grabbed the centrist mantle, has seen his frontrunner status on the Democratic side eroding as his top rival Sen. Elizabeth Warren’s wealth-taxing, progressive message gains ground among primary voters.

Bloomberg “checks all the boxes” to be relevant in the current political discussion around capitalism versus socialism, Bryant said in a “Squawk Box” interview. “He’s given back to underserved communities. He’s built a city. He’s a rational person. He’s an adult in the room. He’s got a heart and a head — a compassionate heart and a conservative head.”

“I think that he changes the conversation, which I think we need right now,” Bryant said.

However, Bryant said Bloomberg needs to better connect to voters.

“I’ve met him a couple times. He wasn’t warm when I met him. I think he needs to warm up, personally. People don’t vote for pocketbooks or brains, they vote for hearts and minds,” he said.

Bryant believes that capitalism and free markets are the best way to prosperity for all Americans, a premise on which he modeled Operation Hope. Last month, he told CNBC his personal story about growing up in Compton in South Central Los Angeles, a community that suffered problems with gangs, and how his life was changed by a banker teaching him financial literacy at 9 years old.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: matthew j belvedere
Keywords: news, cnbc, companies, hate, hope, room, extrump, bloomberg, dont, bush, warm, voters, mike, hes, bryant, think, vote, obama, inner, trump, told, city


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Leon Cooperman, who has been battling Elizabeth Warren, says he will support fellow billionaire Mike Bloomberg for president

Former Mayor of New York City Michael Bloomberg, October 10, 2019 in Copenhagen, Denmark. Ole Jensen | Getty ImagesBillionaire Leon Cooperman says he will support former New York Mayor Mike Bloomberg if he enters the 2020 Democratic primary for president. Unless he changes his stripes, he will have my unequivocal support,” Cooperman told CNBC on Friday. A private equity executive, who declined to be named in order to speak frankly about the situation, said he would likely support Bloomberg’s cam


Former Mayor of New York City Michael Bloomberg, October 10, 2019 in Copenhagen, Denmark.
Ole Jensen | Getty ImagesBillionaire Leon Cooperman says he will support former New York Mayor Mike Bloomberg if he enters the 2020 Democratic primary for president.
Unless he changes his stripes, he will have my unequivocal support,” Cooperman told CNBC on Friday.
A private equity executive, who declined to be named in order to speak frankly about the situation, said he would likely support Bloomberg’s cam
Leon Cooperman, who has been battling Elizabeth Warren, says he will support fellow billionaire Mike Bloomberg for president Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: brian schwartz
Keywords: news, cnbc, companies, leon, primary, president, hes, bloombergs, cooperman, michael, campaign, fellow, warren, mike, elizabeth, billionaire, trump, support, bloomberg


Leon Cooperman, who has been battling Elizabeth Warren, says he will support fellow billionaire Mike Bloomberg for president

Former Mayor of New York City Michael Bloomberg, October 10, 2019 in Copenhagen, Denmark. Ole Jensen | Getty Images

Billionaire Leon Cooperman says he will support former New York Mayor Mike Bloomberg if he enters the 2020 Democratic primary for president. “I’m a huge fan of Michael. I know him personally. It’s a breath of fresh air. Unless he changes his stripes, he will have my unequivocal support,” Cooperman told CNBC on Friday. Cooperman, in an extensive phone interview, noted he would help Bloomberg with fundraising, as long he sticks with his moderate policies. “That’s the whole idea,” he said when asked about potentially helping with fundraising. “I have a world of respect for his accomplishments and his values. I have to sit down and understand his platform. If the Democratic Party was smart, they would support him.” he added.

Bloomberg, 77, has not formally announced his presidential campaign yet. Cooperman is one of several Wall Street executives who are already preparing to help Bloomberg in anyway they can if he runs for president. A private equity executive, who declined to be named in order to speak frankly about the situation, said he would likely support Bloomberg’s campaign as well. This person has contributed to former Vice President Joe Biden’s campaign and others in the race, but has not been impressed so far with the overall field. Cooperman and Bloomberg were both the targets of President Donald Trump on Friday. He nudged the longtime investor, by noting “he’s doing very well with Trump.” Later he took on Bloomberg possibly getting into the primary and said he’d relish a chance at facing him in a general election. “He’s not going to do well but I think he’s going to hurt Biden actually,” Trump said of Bloomberg. “There’s nobody I’d rather run against than little Michael.” A spokesman for Bloomberg did not return a request for comment. While Bloomberg has a net worth of just over $52 billion, according to Forbes, and has signaled he would spend more than $100 million on a campaign for president, he will still need donors to qualify for any potential debates. Cooperman has a net worth of $3.2 billion, according to Forbes. Cooperman, chairman and CEO of Omega Advisors, recently sent a letter to Sen. Elizabeth Warren, a potential rival of Bloomberg’s. In it, he cited Bloomberg’s story of becoming a self-made billionaire as a reason not to criticize the wealthy, as Warren has done since she officially entered the primary in February.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: brian schwartz
Keywords: news, cnbc, companies, leon, primary, president, hes, bloombergs, cooperman, michael, campaign, fellow, warren, mike, elizabeth, billionaire, trump, support, bloomberg


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The president shoots back at Leon Cooperman: ‘He’s doing very well with Trump’

President Donald Trump offered some advice Friday for billionaire Leon Cooperman, who said earlier this week that Trump shouldn’t run for reelection if he doesn’t change his behavior. “Tell Leon, who I don’t know, congratulations because he’s doing very well with Trump,” the president said during a scrum with reporters Friday and in response to a question from CNBC’s Eamon Javers. In a CNBC interview Monday, Cooperman criticized Trump for his conduct that the Omega Advisors founder said is divid


President Donald Trump offered some advice Friday for billionaire Leon Cooperman, who said earlier this week that Trump shouldn’t run for reelection if he doesn’t change his behavior.
“Tell Leon, who I don’t know, congratulations because he’s doing very well with Trump,” the president said during a scrum with reporters Friday and in response to a question from CNBC’s Eamon Javers.
In a CNBC interview Monday, Cooperman criticized Trump for his conduct that the Omega Advisors founder said is divid
The president shoots back at Leon Cooperman: ‘He’s doing very well with Trump’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: jeff cox
Keywords: news, cnbc, companies, leon, president, change, hes, doing, know, cooperman, run, york, trump, shoots, billionaire, bloomberg


The president shoots back at Leon Cooperman: 'He's doing very well with Trump'

President Donald Trump offered some advice Friday for billionaire Leon Cooperman, who said earlier this week that Trump shouldn’t run for reelection if he doesn’t change his behavior.

“Tell Leon, who I don’t know, congratulations because he’s doing very well with Trump,” the president said during a scrum with reporters Friday and in response to a question from CNBC’s Eamon Javers.

In a CNBC interview Monday, Cooperman criticized Trump for his conduct that the Omega Advisors founder said is dividing America. Later in the day Friday, Cooperman said he would be supporting fellow billionaire and former New York City Mayor Michael Bloomberg for president, though Bloomberg has not yet declared an official candidacy.

“He has to become a president for the entire country and not just his base. So if I was him, if I’m not prepared to change my behavior, I would take a victory lap and not run again,” Cooperman said of Trump.

The president said he has seen Cooperman but does not know him, adding that he is entitled to “his own view” though the economy has done well under Trump’s guidance.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: jeff cox
Keywords: news, cnbc, companies, leon, president, change, hes, doing, know, cooperman, run, york, trump, shoots, billionaire, bloomberg


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Joe Biden allies are worried that a Mike Bloomberg candidacy could clinch the nomination for Elizabeth Warren

“I think Bloomberg was a great mayor, but I think he’s making a mistake. Other Biden supporters are skeptical that Bloomberg will actually be a viable candidate. Some Biden supporters painted Bloomberg as an indecisive, wavering politician. As mayor of New York, Bloomberg was first a Republican and then later became an independent. If he could pick up Joe Biden’s supporters, [Pete] Buttigieg supporters, Kamala Harris supporters, Amy Klobuchar supporters, Cory Booker’s supporters, those aren’t tr


“I think Bloomberg was a great mayor, but I think he’s making a mistake.
Other Biden supporters are skeptical that Bloomberg will actually be a viable candidate.
Some Biden supporters painted Bloomberg as an indecisive, wavering politician.
As mayor of New York, Bloomberg was first a Republican and then later became an independent.
If he could pick up Joe Biden’s supporters, [Pete] Buttigieg supporters, Kamala Harris supporters, Amy Klobuchar supporters, Cory Booker’s supporters, those aren’t tr
Joe Biden allies are worried that a Mike Bloomberg candidacy could clinch the nomination for Elizabeth Warren Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: brian schwartz
Keywords: news, cnbc, companies, york, nomination, mike, biden, supporters, warren, joe, democratic, clinch, hes, worried, elizabeth, candidacy, race, mayor, bidens, think, bloomberg


Joe Biden allies are worried that a Mike Bloomberg candidacy could clinch the nomination for Elizabeth Warren

Joe Biden’s allies are becoming increasingly concerned that a Mike Bloomberg candidacy could take votes away from the former vice president and help Sen. Elizabeth Warren win the race for the Democratic presidential nomination.

Bloomberg’s political aides confirmed that he’s again considering entering the 2020 race, after he decided against it in March. Top Bloomberg advisor Howard Wolfson said Thursday that the billionaire former New York mayor is “increasingly concerned that the current field of candidates is not well-positioned” to defeat President Donald Trump next year.

Biden told reporters on Friday that he welcomes Bloomberg, a fellow moderate, into the race. Yet several of his supporters see the former mayor’s move as potentially giving an edge to Warren, a liberal populist.

“This hurts Biden tremendously,” said one of Gov. Andrew Cuomo’s outside advisors. Cuomo has encouraged his vast donor network to back the former vice president. “Even if he doesn’t get it,” this person added, “the whole thing plays that Biden is weak. It cements in people’s minds that Biden can’t make it work.”

Bloomberg is already gaining the support of people on Wall Street, a core source of fundraising for Biden. Billionaire Leon Cooperman endorsed Bloomberg him before he even officially jumps into the primary. Biden’s closest supporters largely agree that Bloomberg and Biden would likely split moderate voters in the party.

Democratic voters who identify with middle-of-the-road policies have been a key constituency for Biden’s candidacy. Recent New York Times/ Siena College polls show Biden ahead of all the other candidates in favorability in the key battleground states of Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin. That same surveys show that a majority of participants want a moderate candidate and one that will find common ground with Republicans.

Bernard Schwartz, a Biden supporter and CEO of BLS Investments, said that Bloomberg’s possible candidacy could give a boost to Warren, who has made targeting billionaires a key part of her appeal.

“I think it takes away from [Warren’s] biggest competitor, and that’s Joe Biden. I’m not saying Bloomberg is doing it intentionally, but that what I think the result would be,” he said. “I think Bloomberg was a great mayor, but I think he’s making a mistake. If you have a few billion dollars you can do what you want to do.”

Other Biden supporters are skeptical that Bloomberg will actually be a viable candidate.

“I see his move as a placeholder until we get clarity on Joe’s viability,” one of Biden’s top fundraisers said about Bloomberg’s recent move. This person spoke on the condition on anonymity in order to speak freely.

Some Biden supporters painted Bloomberg as an indecisive, wavering politician.

“I think it’s ridiculous and I think ultimately, 45 days from now, I don’t think Bloomberg will be a candidate,” said a Wall Street banking executive backing Biden who declined to be named. “Can I remind everyone he was a Republican before he became a Democrat? Can I remind you that the Democratic Party of 2020 is not rallying around billionaires?” this person added.

As mayor of New York, Bloomberg was first a Republican and then later became an independent. Bloomberg switched to the Democratic Party a month before last year’s midterm congressional elections.

“He’s like Mario Cuomo or even Hamlet on the Hudson. He’s in, he’s not in. Until I see real proof he’s in then I don’t believe it,” said a lobbyist helping Biden behind the scenes. Cuomo, the late former New York governor and father of Andrew Cuomo, famously agonized over whether to run for the Democratic nomination in the 1992 race before ultimately deciding not to.

Representatives for Biden and Bloomberg did not return a request for comment.

Political strategists from both sides of aisle see a Bloomberg candidacy ultimately hurting Biden. But they also broadly acknowledge that the former New York mayor doesn’t have a chance to win a primary with formidable candidates, including democratic socialist Sen. Bernie Sanders, pushing progressive policies.

“Biden’s doing enough to hurt himself right now. It could accelerate his demise,” Democratic strategy Mary Anne Marsh told CNBC. “I think Bloomberg’s premise is flawed. If he could pick up Joe Biden’s supporters, [Pete] Buttigieg supporters, Kamala Harris supporters, Amy Klobuchar supporters, Cory Booker’s supporters, those aren’t transferable,” she added.

“No shot a billionaire who still supports stop-and-frisk wins the Democratic primary. And a third party run would just reelect Trump,” said Chapin Fay, who was a media advisor for GOP billionaire and former New York mayoral candidate John Catsimatidis.

The stop-and-frisk policy allowed New York police officers to search or detain anyone them deem suspicious. Bloomberg defended the tactic earlier this year.

Meanwhile, some Biden fundraisers seem to be shrugging off any effect Bloomberg may have on their candidate’s campaign.

During a conference call Friday with Biden’s top financiers in California, bundlers discussed ways they can start focusing on trying to siphon donors and fundraisers from Sen. Kamala Harris, according to people familiar with the matter. These people said Biden financiers are looking to reach out to Harris’ lead fundraisers in her home state before they get behind Warren.

Bloomberg did not come up on the call, they added.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: brian schwartz
Keywords: news, cnbc, companies, york, nomination, mike, biden, supporters, warren, joe, democratic, clinch, hes, worried, elizabeth, candidacy, race, mayor, bidens, think, bloomberg


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Acting UAW president concerned about RICO, says he’s ‘confident’ current board is clean

Rory Gamble, acting president of the United Auto Workers, speaks with CNBC at the union’s temporary headquarters in metro Detroit on Nov. 6, 2019. DETROIT — Rory Gamble, acting president of United Auto Workers, is concerned that an ongoing federal corruption probe into the union could lead to a RICO case and government oversight. The UAW has been at the center of a multiyear federal corruption probe that has led to charges against 13 people, including 10 convictions. UAW President Gary Jones als


Rory Gamble, acting president of the United Auto Workers, speaks with CNBC at the union’s temporary headquarters in metro Detroit on Nov. 6, 2019.
DETROIT — Rory Gamble, acting president of United Auto Workers, is concerned that an ongoing federal corruption probe into the union could lead to a RICO case and government oversight.
The UAW has been at the center of a multiyear federal corruption probe that has led to charges against 13 people, including 10 convictions.
UAW President Gary Jones als
Acting UAW president concerned about RICO, says he’s ‘confident’ current board is clean Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: michael wayland
Keywords: news, cnbc, companies, confident, current, concerned, hes, gamble, federal, corruption, acting, ford, president, clean, board, unions, rico, uaw, union, probe, jones


Acting UAW president concerned about RICO, says he's 'confident' current board is clean

Rory Gamble, acting president of the United Auto Workers, speaks with CNBC at the union’s temporary headquarters in metro Detroit on Nov. 6, 2019.

DETROIT — Rory Gamble, acting president of United Auto Workers, is concerned that an ongoing federal corruption probe into the union could lead to a RICO case and government oversight.

“It’s a concern, but we’re going to operate going forward to self-govern and save our union,” he told CNBC on Wednesday. “I would hope that the government would look at that and recognize that, and going forward give consideration to that. We have the ability by what we put in place to do just that, self-govern our union.”

Although the Racketeer Influenced and Corrupt Organizations Act, or RICO, is best known for being used against organized crime, it can be and has been used to prosecute widespread corruption in other organizations. Most prominently, the Teamsters union is scheduled to end 30 years of government oversight next year following a consent decree to settle racketeering and corruption charges brought against union leaders in 1989.

The UAW has been at the center of a multiyear federal corruption probe that has led to charges against 13 people, including 10 convictions. UAW President Gary Jones also took a leave of absence, effective Sunday, days after being implicated in the multiyear investigation. Jones, whose Michigan home was raided in August, has not been charged by federal prosecutors.

Gamble, a former Ford Motor worker, said he supported Jones’ leave of absence not because he believes Jones is guilty but because it was Jones’ choice and he is “innocent until proven guilty.” If Jones is convicted, Gamble said, he would then support the union stripping Jones of his title.

“If that happens — I pray that it doesn’t, I pray that he is successful in defending his name — but in the event that happens, we are duty-bound to protect this organization,” he said.

Gamble said he is “confident” the union’s “remaining board members are clean.” UAW Region 5 Director Vance Pearson, who took a leave of absence last month, is the only member of the union’s current International Executive Board to be charged.

Gamble intends to submit extensive reform plans on Thursday to the International Executive Board. He declined to disclose specifics of the plans prior to approval from the board.

“I think they’re very creative and they will get us to where we need to be,” Gamble said. “They are very different than how we’ve operated in the past, and I think we need to do that at this point in time to save our union.”

When the federal investigation was made public in July 2017, it focused on a training center jointly operated by the UAW and Fiat Chrysler. But it quickly expanded to probes into similar operations with and Ford Motor, which both previously confirmed they were cooperating with the investigation.

In recent months, the probe has widened to include top union leaders unaffiliated with the training centers being charged with embezzlement of union funds, money laundering and other illegal activities.

No one from the union’s Ford department has been charged, nor have any executives with GM or Ford. GM, as part of a recently ratified contract with the union,


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: michael wayland
Keywords: news, cnbc, companies, confident, current, concerned, hes, gamble, federal, corruption, acting, ford, president, clean, board, unions, rico, uaw, union, probe, jones


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