Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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Trump teases ‘important announcements’ as he touts ‘very productive’ China trade talks

President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China. Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. The U.S. and China have resta


President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China. Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. The U.S. and China have resta
Trump teases ‘important announcements’ as he touts ‘very productive’ China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: mike calia
Keywords: news, cnbc, companies, stocks, trade, xi, china, teases, tariffs, announcements, chinese, touts, productive, president, truce, talks, trump, important


Trump teases 'important announcements' as he touts 'very productive' China trade talks

President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China.

“Very productive conversations going on with China! Watch for some important announcements!” the president tweeted.

Trump’s optimistic tweet came soon after Bloomberg News reported that China’s government would consider slashing tariffs on U.S. car imports to 15 percent from 40 percent. Auto stocks jumped on the news in premarket trading. Overall, stocks pointed to a higher open as markets looked to bounce back from last week’s rout.

Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. In July, China cut tariffs on auto imports to 15 percent from 25 percent, but then soon hiked duties on U.S.-made cars to 40 percent as retaliation for the Trump administration’s aggressive trade moves.

Other signs of potential progress emerged Tuesday. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer are the main U.S. negotiators in calls with Chinese negotiators.

The U.S. and China have restarted trade negotiations after Trump and Xi reached a truce in their nations’ escalating trade war. The two leaders spoke during a working dinner at the G-20 summit in Argentina on Dec. 1.

As part of the truce, the U.S. and China agreed to a 90-day window to negotiate some significant sticking points between the world’s two largest economies. As part of the interim agreement, Trump said he would hold off on boosting tariffs on $200 billion in Chinese goods to 25 percent from 10 percent.

Trump’s tweet Tuesday also came during the battle over a Chinese executive who was arrested in Canada, the same day Trump and Xi dined in Argentina, and faces extradition to the United States. Meng Wanzhou, CFO of Chinese telecom giant Huawei, is being held by Canadian authorities in a case related to the company’s alleged sale of equipment containing U.S. components to Iran in violation of international sanctions on the Islamic Republic.

There are concerns that the Huawei case could upset the delicate but broad trade talks between the U.S. and China, although the renewed talks and Trump’s claims indicate it has yet to disrupt the negotiations.


Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: mike calia
Keywords: news, cnbc, companies, stocks, trade, xi, china, teases, tariffs, announcements, chinese, touts, productive, president, truce, talks, trump, important


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EU’s Vestager may investigate Apple Pay if there are formal complaints

“When we were looking at it … (at) first glance, we couldn’t see Apple being dominant. But when we looked some time ago, we didn’t find … the necessary (evidence) to start a case,” she said. “Obviously if we had official complaints, we would take that seriously because the entire payment market is a very important payment market.” Separately Vestager is reviewing whether Amazon is using merchants’ data illegally to make its own brand products similar to retailers’. “It could be (a fourth cas


“When we were looking at it … (at) first glance, we couldn’t see Apple being dominant. But when we looked some time ago, we didn’t find … the necessary (evidence) to start a case,” she said. “Obviously if we had official complaints, we would take that seriously because the entire payment market is a very important payment market.” Separately Vestager is reviewing whether Amazon is using merchants’ data illegally to make its own brand products similar to retailers’. “It could be (a fourth cas
EU’s Vestager may investigate Apple Pay if there are formal complaints Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: scott mlyn, sopa images, contributor, getty images
Keywords: news, cnbc, companies, start, investigate, complaints, case, formal, eus, questions, course, vestager, pay, data, looking, apple, right, important, search, payment


EU's Vestager may investigate Apple Pay if there are formal complaints

“When we were looking at it … (at) first glance, we couldn’t see Apple being dominant. That doesn’t exclude in the future that we will have a second look. But when we looked some time ago, we didn’t find … the necessary (evidence) to start a case,” she said.

“Obviously if we had official complaints, we would take that seriously because the entire payment market is a very important payment market.”

A spokeswoman for Apple declined to comment.

Separately Vestager is reviewing whether Amazon is using merchants’ data illegally to make its own brand products similar to retailers’. She said she has been inundated with data, key to building a case against the U.S. online retailer.

“Now we have received not piles, but mountains of data and for us it is a priority to go through that, both from Amazon themselves but also coming in from some of the businesses that they actually host,” she said.

“For us, of course it is important to get the starting point right because, if we open a case, in order to be able to proceed with some speed, well then of course we need to get some of the basics right and we are in the process of doing that.”

Vestager recently asked Google’s rivals if the internet search engine unfairly demotes local search competitors, raising the possibility of a fourth antitrust case against the company.

“Now we ask questions when it comes to local search. This means a lot to many people because you use your phone or your table, you are looking for a place to eat, opening hours, where to go, museums, doctors, all kinds of stuff, and therefore of course it is a very important area, a very important service,” she said.

“It could be (a fourth case against Google) but of course we start asking questions without prejudice.”


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: scott mlyn, sopa images, contributor, getty images
Keywords: news, cnbc, companies, start, investigate, complaints, case, formal, eus, questions, course, vestager, pay, data, looking, apple, right, important, search, payment


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COP24: Why a climate change summit taking place in Poland is so important

Next week will see thousands of people arrive in Katowice, Poland, for the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change, otherwise known as COP24. The Paris Agreement, reached at COP21 in 2015, will loom large over events at Katowice. Other commitments made in Paris include increasing financing for climate action and the development of “national climate plans” by 2020. “People from around the globe will be watching to see what world leaders accompli


Next week will see thousands of people arrive in Katowice, Poland, for the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change, otherwise known as COP24. The Paris Agreement, reached at COP21 in 2015, will loom large over events at Katowice. Other commitments made in Paris include increasing financing for climate action and the development of “national climate plans” by 2020. “People from around the globe will be watching to see what world leaders accompli
COP24: Why a climate change summit taking place in Poland is so important Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: anmar frangoul, luiz filipe castro, moment, getty images
Keywords: news, cnbc, companies, summit, poland, change, united, paris, cop24, agreement, climate, round, nations, important, place, leonard, negotiations, world, taking, reached


COP24: Why a climate change summit taking place in Poland is so important

Next week will see thousands of people arrive in Katowice, Poland, for the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change, otherwise known as COP24.

Taking place between December 2 and 14, a lot is riding on the summit.

“The upcoming climate talks are the most important round of negotiations since the Paris Agreement was reached three years ago,” Lou Leonard, the World Wildlife Fund’s senior vice president for climate change and energy, told CNBC via email.

The Paris Agreement, reached at COP21 in 2015, will loom large over events at Katowice. It was at COP21 that world leaders committed to making sure global warming stayed “well below” 2 degrees Celsius above pre-industrial levels. They also agreed to pursue efforts to limit the temperature rise to 1.5 degrees Celsius.

According to the United Nations, COP24 is important because this year marks the deadline agreed by signatories of the Paris Agreement to adopt a “work program for the implementation” of the commitments they made in 2015.

Other commitments made in Paris include increasing financing for climate action and the development of “national climate plans” by 2020.

“People from around the globe will be watching to see what world leaders accomplish at this round of negotiations,” Leonard added. “It’s the biggest test we’ve seen of countries’ commitment to the Paris Agreement.”


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: anmar frangoul, luiz filipe castro, moment, getty images
Keywords: news, cnbc, companies, summit, poland, change, united, paris, cop24, agreement, climate, round, nations, important, place, leonard, negotiations, world, taking, reached


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Fed concerns aren’t over for the market yet

“I think [the Fed] is trying to wean the markets off of forward guidance. The Fed currently has forecast three interest rate hikes for next year, but the market is concerned the economy will not support that many. Economists expect Powell to state that the Fed is independent and point to the fact that it is dependent on data for rate guidance. Both J.P. Morgan and Goldman Sachs economists expect four rate hikes next year. Economists expect 200,000 jobs were created in November, and wages grew at


“I think [the Fed] is trying to wean the markets off of forward guidance. The Fed currently has forecast three interest rate hikes for next year, but the market is concerned the economy will not support that many. Economists expect Powell to state that the Fed is independent and point to the fact that it is dependent on data for rate guidance. Both J.P. Morgan and Goldman Sachs economists expect four rate hikes next year. Economists expect 200,000 jobs were created in November, and wages grew at
Fed concerns aren’t over for the market yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: patti domm, david a grogan
Keywords: news, cnbc, companies, arent, rate, economists, million, concerns, sales, fed, expect, powells, markets, market, think, important


Fed concerns aren't over for the market yet

I’d rather go into a recession with rates at 3% than 2%, says Bleakley’s Peter Boockvar 5 Hours Ago | 03:34

“I think the markets may have overemphasized the dovishness of what he’s trying to say,” said Scott Anderson, chief economist at Bank of the West. “I think [the Fed] is trying to wean the markets off of forward guidance. …They want to give themselves a little flexibility.” Anderson said there’s risk the first half of 2019 could be weaker, and he does expect the economy to slow just below 2 percent in the second half, in part due to trade wars.

He said Powell’s comment makes the Fed’s interest rate forecast all the more important when it is released after the next meeting on Dec. 19. The Fed currently has forecast three interest rate hikes for next year, but the market is concerned the economy will not support that many. Powell’s comments before Congress in the week ahead are also important, given the fact he was criticized by President Donald Trump for raising interest rates.

“It’s kind of dicey politically, I think, and the fact his statement just a month ago was interpreted so hawkishly,” said Anderson. Economists expect Powell to state that the Fed is independent and point to the fact that it is dependent on data for rate guidance.

Although the stock market rallied on Powell’s statement and bond yields fell, some economists believe the markets misinterpreted the Fed’s message. Both J.P. Morgan and Goldman Sachs economists expect four rate hikes next year.

The emphasis in the week ahead will also be on any U.S. data that can help steer the Fed. Most important is Friday’s employment report, but there are also vehicle sales and ISM manufacturing data Monday.

Economists expect 200,000 jobs were created in November, and wages grew at a pace of 3.1 percent year over year. Vehicle sales will also be important, especially after GM’s announced layoffs, and economists are expecting to see sales on an annualized basis at 17.2 million, down from the 17.6 million reported in October.

OPEC meets Thursday, and analysts expect Saudi Arabia and Russia to steer the group to a production cut, with Saudi Arabia bearing most of it. Oil prices fell more than 20 percent in November, their worst month since October 2008.

“Our base scenario is you might get some sort of actual but gradual and not really telegraphed 1 million barrels a day cut,” said Citigroup energy analyst Eric Lee.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: patti domm, david a grogan
Keywords: news, cnbc, companies, arent, rate, economists, million, concerns, sales, fed, expect, powells, markets, market, think, important


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Here’s what to expect from Fed Chief Powell’s most important speech yet

Wall Street’s eyes will be glued on Federal Reserve Chairman Jerome Powell when he delivers Wednesday what will be the most critical speech of his short time leading the central bank. The remarks will come amid sharp market tumult that began after comments he made in early October indicating the Fed was not close to stopping interest rate increases. Since then, stocks have wobbled around correction levels, credit markets have shown considerable signs of stress and investors have begun to bet tha


Wall Street’s eyes will be glued on Federal Reserve Chairman Jerome Powell when he delivers Wednesday what will be the most critical speech of his short time leading the central bank. The remarks will come amid sharp market tumult that began after comments he made in early October indicating the Fed was not close to stopping interest rate increases. Since then, stocks have wobbled around correction levels, credit markets have shown considerable signs of stress and investors have begun to bet tha
Here’s what to expect from Fed Chief Powell’s most important speech yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: jeff cox, andrew harrer, bloomberg, getty images, alex wong
Keywords: news, cnbc, companies, important, central, tumult, fed, wobbled, chief, wall, york, powells, expect, speech, rate, heres, powell, indicating


Here's what to expect from Fed Chief Powell's most important speech yet

Wall Street’s eyes will be glued on Federal Reserve Chairman Jerome Powell when he delivers Wednesday what will be the most critical speech of his short time leading the central bank.

The remarks will come amid sharp market tumult that began after comments he made in early October indicating the Fed was not close to stopping interest rate increases. Since then, stocks have wobbled around correction levels, credit markets have shown considerable signs of stress and investors have begun to bet that the Fed will ease its hawkish stance.

For Powell, who took the helm in February, the stakes are high as he likely will signal a cautious approach to future rate hikes without explicitly indicating a change in plans from earlier projections.

The speech, to be delivered shortly after noon ET at the Economic Club of New York, “will continue the process of softening the Fed’s message” said Krishna Guha, head of global policy and central bank strategy at Evercore ISI. Those hoping for more, though, could be disappointed.


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: jeff cox, andrew harrer, bloomberg, getty images, alex wong
Keywords: news, cnbc, companies, important, central, tumult, fed, wobbled, chief, wall, york, powells, expect, speech, rate, heres, powell, indicating


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The five most important tech stocks are getting slaughtered, with each down more than 20% from highs

The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts. Collectively, the five stocks have lost nearly $1 trillion in value since hitting their respective 52-week highs. Apple shares dropped after the WSJ reported the company slashed orders for the iPhone XR, XS and XS Max models. Netflix and Alphabet shares, meanwhile, have continued to fall with the rest of


The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts. Collectively, the five stocks have lost nearly $1 trillion in value since hitting their respective 52-week highs. Apple shares dropped after the WSJ reported the company slashed orders for the iPhone XR, XS and XS Max models. Netflix and Alphabet shares, meanwhile, have continued to fall with the rest of
The five most important tech stocks are getting slaughtered, with each down more than 20% from highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: michael sheetz, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, getting, xs, fall, highs, important, shares, 20, apple, continued, slaughtered, tech, stocks, 52week, alphabet, faang, netflix


The five most important tech stocks are getting slaughtered, with each down more than 20% from highs

The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts.

Facebook in particular has been hard hit during this round of selling, falling to a new low for the year after a raft of negative publicity surrounding its handling of foreign influence on the 2016 election. Collectively, the five stocks have lost nearly $1 trillion in value since hitting their respective 52-week highs.

Amazon’s stock has continued to fall since it gave a fourth-quarter outlook on Oct. 25 which fell short of expectations. Apple shares dropped after the WSJ reported the company slashed orders for the iPhone XR, XS and XS Max models. Netflix and Alphabet shares, meanwhile, have continued to fall with the rest of the FAANG stocks.

Tech stocks are coming off an October that saw the Nasdaq Composite plunge 9.2 percent, its steepest drop in a month since November 2008.

Wall Street defines a bear market as a fall of 20 percent or more from a stock’s 52-week high.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: michael sheetz, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, getting, xs, fall, highs, important, shares, 20, apple, continued, slaughtered, tech, stocks, 52week, alphabet, faang, netflix


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Neil deGrasse Tyson: Elon Musk is the most important person in tech

But, if you ask renowned astrophysicist Neil deGrasse Tyson, the answer is simple: Elon Musk. “What Elon Musk is doing is not simply giving us the next app that will be awesome on our smartphone,” deGrasse Tyson says. “Because there’s unlimited resources in space; resources that, on Earth, we fight wars over,” deGrasse Tyson tells CNBC Make It. And, I don’t care if he gets high,” deGrasse Tyson jokes about the controversy over Musk supposedly using drugs.) “People who own Teslas love their Tesla


But, if you ask renowned astrophysicist Neil deGrasse Tyson, the answer is simple: Elon Musk. “What Elon Musk is doing is not simply giving us the next app that will be awesome on our smartphone,” deGrasse Tyson says. “Because there’s unlimited resources in space; resources that, on Earth, we fight wars over,” deGrasse Tyson tells CNBC Make It. And, I don’t care if he gets high,” deGrasse Tyson jokes about the controversy over Musk supposedly using drugs.) “People who own Teslas love their Tesla
Neil deGrasse Tyson: Elon Musk is the most important person in tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: tom huddleston jr
Keywords: news, cnbc, companies, tesla, need, person, space, tyson, tech, musks, important, resources, civilization, neil, elon, degrasse, musk


Neil deGrasse Tyson: Elon Musk is the most important person in tech

Which of this generation’s biggest tech luminaries and innovators will ultimately be remembered for having the greatest lasting effect on the world?

It’s a tough question, especially when you consider the role that people like Steve Jobs, Jeff Bezos and Mark Zuckerberg play in our everyday lives. But, if you ask renowned astrophysicist Neil deGrasse Tyson, the answer is simple: Elon Musk.

“As important as Steve Jobs was, no doubt about it — [and] you have to add him to Bill Gates, because they birthed the personal computing revolution kind of together — here’s the difference: Elon Musk is trying to invent a future, not by providing the next app,” deGrasse Tyson tells CNBC Make It about the Tesla and SpaceX CEO.

“What Elon Musk is doing is not simply giving us the next app that will be awesome on our smartphone,” deGrasse Tyson says. “No, he is thinking about society, culture, how we interact, what forces need to be in play to take civilization into the next century.”

Between Musk’s work at Tesla developing electric cars and his plans to put humans on Mars by 2024 (and, eventually, to colonize the planet), the billionaire tech executive is attempting to revolutionize both human transportation and space exploration, deGrasse Tyson says.

Of course, as an astrophysicist and director of the Hayden Planetarium in New York, deGrasse Tyson might be expected to have a soft spot for Musk’s grand intergalactic plans. But deGrasse Tyson, who also hosts the show “StarTalk” on the National Geographic Channel, argues that space colonization could have a tremendous impact on civilization, potentially eliminating the need for warring over dwindling natural resources.

“Because there’s unlimited resources in space; resources that, on Earth, we fight wars over,” deGrasse Tyson tells CNBC Make It. “In space, you don’t need to fight a war, just go to another asteroid and get your resources. A whole category of war has the potential of evaporating entirely with the exploitation of space resources, which includes the unlimited access to energy as well.”

That’s the sort of universal issue that Musk is trying to tackle, deGrasse Tyson argues, which gives him the potential to have the greatest long-term effect on our civilization. “[H]e will transform civilization as we know it,” deGrasse Tyson says.

Granted, Musk has had his share of detractors over the past year. Musk was forced to step down from his role as Tesla’s chairman as part of a settlement with the SEC over a series of tweets in August in which he discussed taking Tesla private (the SEC alleged the tweets constituted fraud on Musk’s part). The billionaire CEO has also received quite a bit of criticism for, among other things: seemingly smoking marijuana on video, calling a British cave diver a “pedo” on Twitter, and clashing with journalists during an earnings call.

However, deGrasse Tyson feels that Musk is somewhat underappreciated, though he argues that Musk is beloved by many people, including Tesla owners and anyone interested in space exploration. (“Go, Elon Musk! And, I don’t care if he gets high,” deGrasse Tyson jokes about the controversy over Musk supposedly using drugs.)

“People who own Teslas love their Tesla …” deGrasse Tyson says. “Anyone who knows and cares about space exploration knows and cares about Elon Musk.”

“[W]e’re on the frontier of the future of civilization, and no I don’t think he gets his full due from all sectors of society,” says deGrasse Tyson, “but ultimately he will when the sectors that he is pioneering transform the lives of those who currently have no clue that their life is about to change.”

Don’t Miss:

Elon Musk and others ‘are not acting like men—they’re acting like children,’ says NYU professor

Elon Musk: Starting SpaceX and Tesla were ‘the dumbest things to do’

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Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: tom huddleston jr
Keywords: news, cnbc, companies, tesla, need, person, space, tyson, tech, musks, important, resources, civilization, neil, elon, degrasse, musk


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Trump’s absence at the ASEAN summit signals the US is ‘not as committed’ to Asia

U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be “as committed to Asia” as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore. U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America’s free and open Indo-Pacific vision during his Asia


U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be “as committed to Asia” as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore. U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America’s free and open Indo-Pacific vision during his Asia
Trump’s absence at the ASEAN summit signals the US is ‘not as committed’ to Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: harini v, christopher gregory, getty images news, getty images
Keywords: news, cnbc, companies, capri, regional, asean, summit, absence, whats, trump, asia, important, president, committed, trumps, signals


Trump's absence at the ASEAN summit signals the US is 'not as committed' to Asia

U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be “as committed to Asia” as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore.

U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America’s free and open Indo-Pacific vision during his Asia tour.

Trump’s planned absence has raised questions about his commitment to Asia Pacific, as regional powers such as China, Japan and India seek to enlist support for a multilateral trading system.

The no-show signals that “the U.S. is maybe not as committed to the region as some of its allies would like to seem it,” Capri told CNBC on Thursday.

“Optics are very very important — and statements and symbolisms. Who comes, what’s on the table, what’s on the agenda,” said Capri. “If Trump were to come out I think it would have been a much more symbolic that … this was more important.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: harini v, christopher gregory, getty images news, getty images
Keywords: news, cnbc, companies, capri, regional, asean, summit, absence, whats, trump, asia, important, president, committed, trumps, signals


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