Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai


Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai
Thailand election: Economic growth, income inequality are key issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass.

Last year, the Thai stock market suffered a record $9 billion in foreign investment outflows as investors withdrew from emerging markets amid rising interest rates in the U.S. and global economic concerns. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front.

The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. The vote is set to be a contest between three political fractions:

A pro-military camp that include the Palang Pracharat Party, which named current Prime Minister Prayuth Chan-o-cha as its candidate to lead the country.

An anti-military camp that consist of the Pheu Thai Party — which is linked to exiled former Prime Minister Thaksin Shinawatra — and the newly founded Future Forward Party.

A group of parties that are neutral or undecided on which side they would align, including the Democrat Party led by another former prime minister, Abhisit Vejjajiva, and Bhumjaithai Party, which recently made headlines for its promotion of marijuana as a new cash crop in Thailand.

None of the parties are expected to single-handedly win enough seats to form the next government, which means the most likely scenario is a coalition administration. That may be challenging, however, in a polarized political environment like Thailand, analysts said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


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China suggests linking official state visit by Xi to Trump trade deal: Sources

With a U.S.-China trade deal at least weeks away, Chinese negotiators have suggested combining a long-discussed state visit by President Xi Jinping to the United States with the announcement of any forthcoming agreement, according to three sources briefed on discussions. “Our hope is we are in the final weeks of having an agreement,” Robert Lighthizer, the Trump administration’s top trade official, testified to the Senate Finance Committee on Tuesday. “If those issues are not resolved in favor o


With a U.S.-China trade deal at least weeks away, Chinese negotiators have suggested combining a long-discussed state visit by President Xi Jinping to the United States with the announcement of any forthcoming agreement, according to three sources briefed on discussions. “Our hope is we are in the final weeks of having an agreement,” Robert Lighthizer, the Trump administration’s top trade official, testified to the Senate Finance Committee on Tuesday. “If those issues are not resolved in favor o
China suggests linking official state visit by Xi to Trump trade deal: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: kayla tausche, jim watson, afp, getty images
Keywords: news, cnbc, companies, visit, united, official, xi, issues, weeks, linking, negotiators, trump, trade, sources, deal, talks, suggests, meeting, state


China suggests linking official state visit by Xi to Trump trade deal: Sources

With a U.S.-China trade deal at least weeks away, Chinese negotiators have suggested combining a long-discussed state visit by President Xi Jinping to the United States with the announcement of any forthcoming agreement, according to three sources briefed on discussions.

The two countries had been planning a meeting between the two leaders at President Donald Trump’s private Mar-a-Lago resort in Florida to follow Xi’s late-March visit to Europe, to avoid the optics of a standalone trip to announce a trade deal on U.S. soil.

But U.S. officials have suggested there are too many outstanding details to conclude negotiations by then, making a meeting in March unlikely.

“Our hope is we are in the final weeks of having an agreement,” Robert Lighthizer, the Trump administration’s top trade official, testified to the Senate Finance Committee on Tuesday. But Lighthizer would not commit to a positive outcome, or a resulting meeting, and said many issues remain. “If those issues are not resolved in favor of the United States, we won’t have a deal.”

Since the two countries brokered a temporary truce at the G-20, U.S. negotiators have been seeking commitments and concessions up front, while Chinese negotiators had sought to shelve complicated issues for the two presidents to settle in person.

But that dynamic changed, the three people briefed on the talks said, when Trump walked out on talks with Kim Jong Un in Hanoi, Vietnam, after North Korea sought an end to sanctions. Beijing now wants a deal fully locked in before its leader sits down with Trump, although Trump would still prefer to close the deal himself.

“We could have the deal completed and come and sign — or we can get the deal almost completed and negotiate some of the final points,” Trump said Wednesday. “I would prefer that.”


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: kayla tausche, jim watson, afp, getty images
Keywords: news, cnbc, companies, visit, united, official, xi, issues, weeks, linking, negotiators, trump, trade, sources, deal, talks, suggests, meeting, state


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Facebook has been down for hours, Instagram and WhatsApp also affected

Facebook users around the world reported issues logging into and posting on the site as well as on Instagram and WhatsApp thoughout the day on Wednesday. Reports of problems with Facebook peaked at over 11,000 worldwide according to Downdetector, a website where users can report problems on apps and websites. Facebook users posted screenshots on Twitter showing error messages when they tried to load the app. Technical issues with Facebook have historically posed serious problems for advertisers


Facebook users around the world reported issues logging into and posting on the site as well as on Instagram and WhatsApp thoughout the day on Wednesday. Reports of problems with Facebook peaked at over 11,000 worldwide according to Downdetector, a website where users can report problems on apps and websites. Facebook users posted screenshots on Twitter showing error messages when they tried to load the app. Technical issues with Facebook have historically posed serious problems for advertisers
Facebook has been down for hours, Instagram and WhatsApp also affected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: lauren feiner, christophe morin, getty images news, getty images
Keywords: news, cnbc, companies, video, users, affected, site, facebook, websites, issues, whatsapp, reported, outage, problems, hours, worldwide, instagram


Facebook has been down for hours, Instagram and WhatsApp also affected

Facebook users around the world reported issues logging into and posting on the site as well as on Instagram and WhatsApp thoughout the day on Wednesday. Facebook did not give a reason for the outage, and provided minimal information other than acknowledging it is aware services are down in some areas.

Facebook shares were relatively unchanged Wednesday afternoon.

The company acknowledged the outage in a tweet Wednesday, saying, “We’re aware that some people are currently having trouble accessing the Facebook family of apps. We’re working to resolve the issue as soon as possible.”

It later confirmed the problem was not the result of a DDoS attack, which refers to a Distributed Denial-of-Service attack in which a hacker overwhelms a site by flooding it with fake traffic.

Reports of problems with Facebook peaked at over 11,000 worldwide according to Downdetector, a website where users can report problems on apps and websites. Downdetector listed zero problems by about 5 p.m. Eastern, and many people reported their access had been restored, but Facebook has not yet confirmed the issues were resolved.

Users reported a variety of problems, from being unable to load the site at all to not being able to post comments. Facebook users posted screenshots on Twitter showing error messages when they tried to load the app. When loading the site, some users’ got a message on the screen saying “Account Temporarily Unavailable.”

At a Facebook event at the South by Southwest conference in Austin, Texas Wednesday, the company’s head of video products cracked a joke when he ran into technical issues.

“Today is the technical difficulties day for Facebook, I guess,” cracked Paresh Rajwat, in a reference to the company’s worldwide service outage when his presentation’s video failed to include audio. Rajwat was announcing new features for Facebook’s Watch video service.

Technical issues with Facebook have historically posed serious problems for advertisers who use the platform and even other websites.

Facebook previously experienced an outage of its tool for advertisers in November at a time when marketers were trying to place ads for Black Friday and Cyber Monday.

In 2013, Facebook experienced a glitch which took several websites down with it thanks to the prevalence of its login feature across the internet. When users tried to log into a website with their Facebook profile, they were directed to a Facebook error page, Business Insider reported at the time. The glitch, which only lasted a few minutes, affected websites including The New York Times and CNN, Business Insider reported.

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Watch: Zuckerberg’s push to make posts private could cause more misinformation, says expert


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: lauren feiner, christophe morin, getty images news, getty images
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Watch 19-year-old Mark Zuckerberg explain ‘The Facebook’ in his first TV interview in 2004

Over the years, Zuckerberg conducted more and more TV interviews touting Facebook as the online platform where users can stay connected with their friends and family. In 2008, Facebook made Zuckerberg a billionaire (the world’s youngest in fact), according to Forbes, which estimated his worth then at $1.5 billion. Of course, Facebook did build a massive business from its users’ eagerness to connect with one another and share their personal information online. Zuckerberg also explained, yet again


Over the years, Zuckerberg conducted more and more TV interviews touting Facebook as the online platform where users can stay connected with their friends and family. In 2008, Facebook made Zuckerberg a billionaire (the world’s youngest in fact), according to Forbes, which estimated his worth then at $1.5 billion. Of course, Facebook did build a massive business from its users’ eagerness to connect with one another and share their personal information online. Zuckerberg also explained, yet again
Watch 19-year-old Mark Zuckerberg explain ‘The Facebook’ in his first TV interview in 2004 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: tom huddleston jr, rick friedman, corbis news, getty images
Keywords: news, cnbc, companies, interview, friends, billion, watch, explain, tv, facebook, information, zuckerberg, mark, 2004, issues, told, users, 19yearold, website, online


Watch 19-year-old Mark Zuckerberg explain 'The Facebook' in his first TV interview in 2004

In that interview with CNBC’s Becky Quick, the future billionaire described his website as a place to “find some interesting information about people,” and “an online directory that connects people through universities and colleges through their social networks there.”

Over the years, Zuckerberg conducted more and more TV interviews touting Facebook as the online platform where users can stay connected with their friends and family. In 2006, Zuckerberg told NBC’s “The Today Show” that he started Facebook because he “just figured it would be really cool if there was some website that I could go to that would tell me a bunch of information about my friends and the people around me.”

“Cool” indeed. In 2008, Facebook made Zuckerberg a billionaire (the world’s youngest in fact), according to Forbes, which estimated his worth then at $1.5 billion. Facebook was reported to be valued around $15 billion at the time, but according to Forbes, investors thought that was high.

By 2010, Zuckerberg said Facebook’s focus was “helping people share and helping people stay connected with their friends and family and the community around them. We think that if we do that then more people will want to use the service and we’ll be able to build a great business,” he told CNBC.

Of course, Facebook did build a massive business from its users’ eagerness to connect with one another and share their personal information online. Now, Zuckerberg and Facebook are facing increased criticism over online privacy issues and just how the company leverages users’ data to make billions of dollars each year (Facebook reported over $55.8 billion in advertising revenue in 2018).

Last year, Zuckerberg took responsibility for any privacy issues at Facebook, including allowing third-party companies to access users’ data without permission, with the CEO calling the issues “a huge mistake, my mistake.”

Zuckerberg also explained, yet again, that the underlying purpose of sharing personal information on Facebook is supposed to be connecting people. “We use that [information] to help people connect,” he said in an April 2018 call with reporters. “We run ads to make it a free service everyone in the world can afford.”

Don’t Miss: Here’s what Mark Zuckerberg says he would do if Facebook hadn’t worked out

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Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: tom huddleston jr, rick friedman, corbis news, getty images
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India and Pakistan still need to resolve two important issues, former US ambassador says

Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Many have raised concerns over violence and human rights abuses in both India-controlled Jammu and Kashmir, as well as in Pakistan-controlled Azad Kashmir and Gilgit-Baltistan region. India has long accused Pakistan of supporting those groups. “Until the Pakistanis are credible in cracking down on these groups, they’re going to have a problem. Because i


Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Many have raised concerns over violence and human rights abuses in both India-controlled Jammu and Kashmir, as well as in Pakistan-controlled Azad Kashmir and Gilgit-Baltistan region. India has long accused Pakistan of supporting those groups. “Until the Pakistanis are credible in cracking down on these groups, they’re going to have a problem. Because i
India and Pakistan still need to resolve two important issues, former US ambassador says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: saheli roy choudhury, nitin kanotra, hindustan times, getty images, yawar nazir, muhhamad reza, anadolu agency, -cameron munter, former us ambassador to pakistan
Keywords: news, cnbc, companies, issues, need, terrorist, india, region, groups, indian, important, pakistan, problem, saran, violence, kashmir, populace, resolve, ambassador


India and Pakistan still need to resolve two important issues, former US ambassador says

Jammu and Kashmir was a former princely state where a large number of people were killed and others were driven away by the violence during the partition. Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Many have raised concerns over violence and human rights abuses in both India-controlled Jammu and Kashmir, as well as in Pakistan-controlled Azad Kashmir and Gilgit-Baltistan region.

Speaking about India-controlled Kashmir, Munter said: “You have a mainly Muslim population and you have many hundreds of thousands of Indian troops keeping order. That’s really not a sustainable or good situation.”

“It’s not something that Indians want other people to interfere with but until that gets solved, there’s going to be a problem in Kashmir,” he added.

In a recent op-ed piece with Indian newspaper Business Standard, former Indian foreign secretary Shyam Saran said that after the Feb. 14 terror attack, India must examine why so many locals get recruited by terrorist groups operating in the area.

“There have been allegations of intelligence failure but the ability to stop terrorist incidents and apprehending terrorists is most effective if the local populace is ready to provide intelligence that is relatively specific,” Saran wrote. “This is possible only if there is a high level of trust and confidence between the populace and the security forces.”

Pakistan’s problem, according to Munter, is that no one believes they’ve cracked down on the groups like the Lashkar-e-Taiba — which carried out one of the worst terrorist attacks in India’s history — or the Jaish-e-Mohammed, which operate in that region. India has long accused Pakistan of supporting those groups.

“Until the Pakistanis are credible in cracking down on these groups, they’re going to have a problem. Because it’s not every day that America and Iran, for example, stand shoulder-to-shoulder, criticizing the Pakistanis for not cracking down on terrorist groups,” the former envoy said.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: saheli roy choudhury, nitin kanotra, hindustan times, getty images, yawar nazir, muhhamad reza, anadolu agency, -cameron munter, former us ambassador to pakistan
Keywords: news, cnbc, companies, issues, need, terrorist, india, region, groups, indian, important, pakistan, problem, saran, violence, kashmir, populace, resolve, ambassador


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Bank analyst Dick Bove says sell Goldman Sachs: ‘Legal issues are just beginning’

Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes. The closely followed Bove, who joined broker-dealer Odeon earlier this year, initiated coverage of Goldman Sachs with a sell rating. “It is unclear to us whether Goldman Sachs participated in any inappropriate activities,” Bove wrote. If true, this will lead to meaningful changes in company operations and personnel. Goldman Sachs claims it was the v


Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes. The closely followed Bove, who joined broker-dealer Odeon earlier this year, initiated coverage of Goldman Sachs with a sell rating. “It is unclear to us whether Goldman Sachs participated in any inappropriate activities,” Bove wrote. If true, this will lead to meaningful changes in company operations and personnel. Goldman Sachs claims it was the v
Bank analyst Dick Bove says sell Goldman Sachs: ‘Legal issues are just beginning’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, goldman, beginning, lloyd, think, analyst, company, bove, operations, sachs, malaysian, sell, dick, legal, bank, blankfein, issues


Bank analyst Dick Bove says sell Goldman Sachs: 'Legal issues are just beginning'

Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes.

The closely followed Bove, who joined broker-dealer Odeon earlier this year, initiated coverage of Goldman Sachs with a sell rating.

“It is unclear to us whether Goldman Sachs participated in any inappropriate activities,” Bove wrote. “What does seem likely is that Goldman’s due diligence efforts will be criticized. If true, this will lead to meaningful changes in company operations and personnel. The company has already decided to withhold payments to some of its top executives due to this matter.”

The bank said earlier this year that it could withhold pay from former CEO and Chairman Lloyd Blankfein and other top executives depending on the outcome of an investigation into a Malaysian investment fund called 1MDB.

Goldman helped the fund raise $6.5 billion in 2012 and 2013 in three bond deals, but now faces charges by the Malaysian government, which claims assets were plundered from the fund. Goldman Sachs claims it was the victim of deceptive Malaysian officials and the rogue actions of a former banker at the firm.

“I think that the most negative revelations are yet to come,” Bove continued. “Thus, the broader issue is will Goldman’s business operations be impacted? The company has been involved in questionable operations in Venezuela, also.”

Goldman did not immediately return a phone call for comment on Bove’s note.

The closely followed financials analyst has been a frequent and vocal critic of the New York-based bank. A frequent target of Bove’s frustrations was former Goldman CEO Lloyd Blankfein, whom the analyst often critiqued for his management during the 2008 financial crisis. The analyst was overjoyed last year when the company announced that Blankfein would step down.

“I think it’s wonderful. The only bad part about this news is that people are talking about him staying until the end of the year. I think he should leave immediately,” Bove told CNBC’s “Halftime Report” in March 2018. “I don’t think there’s any rationale other than the cult of Lloyd Blankfein. … There’s no reason for him to stay.”

The analyst underscored at the time what he sees as “pathetic” earnings and revenue performance over the past several years relative to the other big banks on Wall Street.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, goldman, beginning, lloyd, think, analyst, company, bove, operations, sachs, malaysian, sell, dick, legal, bank, blankfein, issues


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Tesla shares fall after Consumer Reports says it will no longer recommend Model 3

When asked about Consumer Reports’ new opinion of the Model 3, a Tesla spokesperson said,: “We’re setting an extremely high bar for Model 3. While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles. 1 in the eyes of Consumer Reports, just ahead of Genesis, Porsche, Audi, Mazda and Lexus. The lowest-rated auto brand by Consumer Reports is Fiat, right behind Jaguar and Land Rover. 19 out of


When asked about Consumer Reports’ new opinion of the Model 3, a Tesla spokesperson said,: “We’re setting an extremely high bar for Model 3. While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles. 1 in the eyes of Consumer Reports, just ahead of Genesis, Porsche, Audi, Mazda and Lexus. The lowest-rated auto brand by Consumer Reports is Fiat, right behind Jaguar and Land Rover. 19 out of
Tesla shares fall after Consumer Reports says it will no longer recommend Model 3 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: phil lebeau, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, assembly, shares, recommend, longer, tesla, model, consumer, issues, tell, car, spokesperson, fall, brand, reports


Tesla shares fall after Consumer Reports says it will no longer recommend Model 3

At one point, Tesla added an additional Model 3 assembly line by erecting a permanent tent outside its assembly plant in Fremont, California. Reports of production issues ranged from robots on the assembly line not working properly to Tesla employees claiming the company was churning out a high volume of flawed parts that led to the automaker needing to rework and repair new models before being shipped to customers.

When asked about Consumer Reports’ new opinion of the Model 3, a Tesla spokesperson said,: “We’re setting an extremely high bar for Model 3. We have already made significant improvements to correct any issues that Model 3 customers may have experienced that are referenced in this report, and our return policy allows any customer who is unhappy with their car to return it for a full refund.”

The spokesperson added, “This new data from Consumer Reports comes from their annual Owner Satisfaction survey, which runs from July through September, so the vast majority of these issues have already been corrected through design and manufacturing improvements, and we are already seeing a significant improvement in our field data.”

While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles.

“They like their cars, but they still tell us the truth. They tell us the problems they are having with them,” said Fisher.

As a brand, Tesla fell 11 spots to No. 19 out of 33 brands ranked by Consumer Reports. Tesla is tied with Chrysler for having the biggest drop in brand rankings in this year’s auto issue.

By comparison, Subaru has soared to the top of the latest car brand rankings. The Japanese brand climbed six places to become No. 1 in the eyes of Consumer Reports, just ahead of Genesis, Porsche, Audi, Mazda and Lexus.

“Subaru does almost everything really well,” said Fisher. “They make an enjoyable car to drive and great reliability too.”

The lowest-rated auto brand by Consumer Reports is Fiat, right behind Jaguar and Land Rover.

“Fiat brand results continue to be skewed by limited models and sample sizes,” a company spokesperson said. “The Fiat 124 Spider was named a back-to-back Consumer Guide Automotive Best Buy for 2017 and 2018 as well as winner of Kelley Blue Book’s 2019 5-Year Cost to Own Award.”

Correction: As a brand, Tesla fell 11 spots to No. 19 out of 33 brands ranked by Consumer Reports. An earlier version misstated Tesla’s ranking.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: phil lebeau, salwan georges, the washington post, getty images
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Tesla shares fall after Consumer Reports says it will no longer recommend Model 3

When asked about Consumer Reports’ new opinion of the Model 3, a Tesla spokesperson said,: “We’re setting an extremely high bar for Model 3. While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles. 1 in the eyes of Consumer Reports, just ahead of Genesis, Porsche, Audi, Mazda and Lexus. The lowest-rated auto brand by Consumer Reports is Fiat, right behind Jaguar and Land Rover. 19 out of


When asked about Consumer Reports’ new opinion of the Model 3, a Tesla spokesperson said,: “We’re setting an extremely high bar for Model 3. While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles. 1 in the eyes of Consumer Reports, just ahead of Genesis, Porsche, Audi, Mazda and Lexus. The lowest-rated auto brand by Consumer Reports is Fiat, right behind Jaguar and Land Rover. 19 out of
Tesla shares fall after Consumer Reports says it will no longer recommend Model 3 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: phil lebeau, salwan georges, the washington post, getty images
Keywords: news, cnbc, companies, assembly, shares, recommend, longer, tesla, model, consumer, issues, tell, car, spokesperson, fall, brand, reports


Tesla shares fall after Consumer Reports says it will no longer recommend Model 3

At one point, Tesla added an additional Model 3 assembly line by erecting a permanent tent outside its assembly plant in Fremont, California. Reports of production issues ranged from robots on the assembly line not working properly to Tesla employees claiming the company was churning out a high volume of flawed parts that led to the automaker needing to rework and repair new models before being shipped to customers.

When asked about Consumer Reports’ new opinion of the Model 3, a Tesla spokesperson said,: “We’re setting an extremely high bar for Model 3. We have already made significant improvements to correct any issues that Model 3 customers may have experienced that are referenced in this report, and our return policy allows any customer who is unhappy with their car to return it for a full refund.”

The spokesperson added, “This new data from Consumer Reports comes from their annual Owner Satisfaction survey, which runs from July through September, so the vast majority of these issues have already been corrected through design and manufacturing improvements, and we are already seeing a significant improvement in our field data.”

While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles.

“They like their cars, but they still tell us the truth. They tell us the problems they are having with them,” said Fisher.

As a brand, Tesla fell 11 spots to No. 19 out of 33 brands ranked by Consumer Reports. Tesla is tied with Chrysler for having the biggest drop in brand rankings in this year’s auto issue.

By comparison, Subaru has soared to the top of the latest car brand rankings. The Japanese brand climbed six places to become No. 1 in the eyes of Consumer Reports, just ahead of Genesis, Porsche, Audi, Mazda and Lexus.

“Subaru does almost everything really well,” said Fisher. “They make an enjoyable car to drive and great reliability too.”

The lowest-rated auto brand by Consumer Reports is Fiat, right behind Jaguar and Land Rover.

“Fiat brand results continue to be skewed by limited models and sample sizes,” a company spokesperson said. “The Fiat 124 Spider was named a back-to-back Consumer Guide Automotive Best Buy for 2017 and 2018 as well as winner of Kelley Blue Book’s 2019 5-Year Cost to Own Award.”

Correction: As a brand, Tesla fell 11 spots to No. 19 out of 33 brands ranked by Consumer Reports. An earlier version misstated Tesla’s ranking.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: phil lebeau, salwan georges, the washington post, getty images
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Southwest Airlines grounds more jets due to maintenance issues

Southwest Airlines on Tuesday grounded more jets leading to higher numbers of canceled flights than its peers as the carrier extended an “operational emergency” to its hub in Dallas, telling scheduled mechanics they have to show up for work or risk termination. Southwest had canceled 181 flights on Tuesday, about 4 percent of its operation, according to the FlightAware tracking site. Its Dallas rival, American Airlines, in comparison, had canceled 12 flights, less than 1 percent of its daily ope


Southwest Airlines on Tuesday grounded more jets leading to higher numbers of canceled flights than its peers as the carrier extended an “operational emergency” to its hub in Dallas, telling scheduled mechanics they have to show up for work or risk termination. Southwest had canceled 181 flights on Tuesday, about 4 percent of its operation, according to the FlightAware tracking site. Its Dallas rival, American Airlines, in comparison, had canceled 12 flights, less than 1 percent of its daily ope
Southwest Airlines grounds more jets due to maintenance issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: leslie josephs, ted s warren
Keywords: news, cnbc, companies, maintenance, issues, airline, southwest, grounds, airlines, emergency, operational, work, risk, dallas, jets, flights, canceled, mechanics


Southwest Airlines grounds more jets due to maintenance issues

Southwest Airlines on Tuesday grounded more jets leading to higher numbers of canceled flights than its peers as the carrier extended an “operational emergency” to its hub in Dallas, telling scheduled mechanics they have to show up for work or risk termination.

Southwest had canceled 181 flights on Tuesday, about 4 percent of its operation, according to the FlightAware tracking site. Its Dallas rival, American Airlines, in comparison, had canceled 12 flights, less than 1 percent of its daily operation of more than 6,000 flights.

Southwest said some of the cancellations were due to poor weather. But the airline noted that the number of Boeing 737s it has taken out of service for maintenance was more than double the usual 20 out of about 750 planes that the airline expects to be removed for such issues each day. There has been “no common theme” among the problems with the aircraft, it said.

Southwest last week told its mechanics at bases including Las Vegas, Houston and Phoenix that because of the emergency they would have to show up for work. It warned they would risk termination if they didn’t follow company protocols, such as bringing a doctor’s note upon return to work after calling in sick. That “operational emergency” was extended to Dallas on Tuesday. The airline has been in contract talks with mechanics since 2012.

“Due to the emergency, we will direct employees alleging illness to provide a doctor’s note, on their first day back, indicating when the doctor was seen and confirming that the employee was unable to work on the dates he claimed illness,” Southwest maintenance director Lonnie Warren said in Tuesday’s memo.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: leslie josephs, ted s warren
Keywords: news, cnbc, companies, maintenance, issues, airline, southwest, grounds, airlines, emergency, operational, work, risk, dallas, jets, flights, canceled, mechanics


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Montana’s Steve Bullock back in Iowa as he considers White House bid

Steve Bullock is showing increasing signs he is getting serious about a White House bid. On Saturday, the two-term governor visited with voters and Democratic Party officials in Iowa for the second day of his trip to the key early-voting state. Since he began weighing a 2020 bid, Bullock has made five trips to the Hawkeye State, according to the Associated Press. He previously served as Montana’s attorney general, and holds the governorship of a state where Republicans dominate the legislature.


Steve Bullock is showing increasing signs he is getting serious about a White House bid. On Saturday, the two-term governor visited with voters and Democratic Party officials in Iowa for the second day of his trip to the key early-voting state. Since he began weighing a 2020 bid, Bullock has made five trips to the Hawkeye State, according to the Associated Press. He previously served as Montana’s attorney general, and holds the governorship of a state where Republicans dominate the legislature.
Montana’s Steve Bullock back in Iowa as he considers White House bid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: jeff daniels, tom williams, cq-roll call group, getty images, heath korvola, digitalvision, george frey
Keywords: news, cnbc, companies, key, montanas, bid, bullock, house, state, democratic, second, iowa, steve, showing, white, considers, won, issues


Montana's Steve Bullock back in Iowa as he considers White House bid

Montana Gov. Steve Bullock is showing increasing signs he is getting serious about a White House bid. On Saturday, the two-term governor visited with voters and Democratic Party officials in Iowa for the second day of his trip to the key early-voting state.

Since he began weighing a 2020 bid, Bullock has made five trips to the Hawkeye State, according to the Associated Press. The 52-year-old is being touted as a candidate with political support in a red state, and one who could help strengthen the Democratic Party’s showing in rural areas.

Bullock, who won a second term in 2016 by edging out a GOP challenger in a state where President Donald Trump defeated Democrat Hillary Clinton by 20 points, has tried to frame himself as a bipartisan leader. He previously served as Montana’s attorney general, and holds the governorship of a state where Republicans dominate the legislature.

Bullock, who declined CNBC’s interview requests, is seen as progressive on most bread and butter issues such as health care and education, but changed his views on gun control just last year. Here are some key issues he’s likely to run on as the field of Democratic presidential candidates continues to grow.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: jeff daniels, tom williams, cq-roll call group, getty images, heath korvola, digitalvision, george frey
Keywords: news, cnbc, companies, key, montanas, bid, bullock, house, state, democratic, second, iowa, steve, showing, white, considers, won, issues


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