Rocket Lab passes key milestone in SpaceX-like quest to recover and reuse rockets

A long exposure photo shows Rocket Lab’s Electron rocket lifting off on the company’s 10th mission. By navigating the booster through reentry, Rocket Lab is one step closer to becoming one of the few in the world able to recover a rocket booster. Additionally, if successful, Rocket Lab would join SpaceX as the only private company to return an orbital-class rocket booster. Rocket Lab, instead, is testing a technology Beck calls an “aero thermal decelerator” — essentially using the atmosphere to


A long exposure photo shows Rocket Lab’s Electron rocket lifting off on the company’s 10th mission.
By navigating the booster through reentry, Rocket Lab is one step closer to becoming one of the few in the world able to recover a rocket booster.
Additionally, if successful, Rocket Lab would join SpaceX as the only private company to return an orbital-class rocket booster.
Rocket Lab, instead, is testing a technology Beck calls an “aero thermal decelerator” — essentially using the atmosphere to
Rocket Lab passes key milestone in SpaceX-like quest to recover and reuse rockets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, boosters, mission, lab, electron, rockets, company, milestone, rocket, booster, labs, recover, quest, spacexlike, reuse, key, stage, reentry, passes


Rocket Lab passes key milestone in SpaceX-like quest to recover and reuse rockets

A long exposure photo shows Rocket Lab’s Electron rocket lifting off on the company’s 10th mission. Sam Toms | Rocket Lab

Rocket Lab launched seven spacecraft early Friday as the builder of small rockets completed another mission, but one launch came with a significant achievement. After launching from New Zealand, it successfully returned the Electron rocket’s booster — the lower portion and most expensive part of the rocket — through Earth’s atmosphere. By navigating the booster through reentry, Rocket Lab is one step closer to becoming one of the few in the world able to recover a rocket booster. It’s a critical development in Rocket Lab’s plan to catch the booster with a helicopter in midair and reuse it for future missions. Additionally, if successful, Rocket Lab would join SpaceX as the only private company to return an orbital-class rocket booster. “Our first guided stage re-entry was a complete success,” Rocket Lab CEO Peter Beck said in a statement. “The stage made it through the harsh re-entry environment intact, which is an outstanding result for a first test of our recovery systems.”

The curve of the Earth seen from a camera on Rocket Lab’s booster as it returns from space. Rocket Lab

Beck’s company, much like Elon Musk’s SpaceX, wants to recover the boosters so it can launch more often while simultaneously decreasing the material cost of each mission. But Rocket Lab’s approach to recovering its boosters is notably different than SpaceX’s, which uses the boosters’ engines to slow it down during reentry and add wide legs to land on large concrete pads. Rocket Lab, instead, is testing a technology Beck calls an “aero thermal decelerator” — essentially using the atmosphere to slow down the rocket. After separating from the upper stage of the Electron rocket, which carried the spacecraft into orbit, Rocket Lab’s onboard computer guided the booster through reentry, successfully flipping it around 180 degrees.

The booster of Rocket Lab’s Electron rocket separates as its upper stage, with its engine nozzle visible in the foreground, continues on to orbit. Rocket Lab

The booster remained stable through the intense reentry, Rocket Lab said, slowing to a speed of less than 560 miles per hour. The booster then smashed into the ocean and disintegrated, a move that Rocket Lab planned if the reentry process was successful. Next up for Rocket Lab’s recovery attempts will be adding parachutes, which will deploy once the booster reenters the atmosphere. The company then plans to use a helicopter to snag the parachute in midair, to carry the booster back to a soft landing on a Rocket Lab boat.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, boosters, mission, lab, electron, rockets, company, milestone, rocket, booster, labs, recover, quest, spacexlike, reuse, key, stage, reentry, passes


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Here are the biggest analyst calls of the day: Apple, Facebook, Alphabet, Etsy & more

Goldman said China would be a key driver of growth for Nike. “We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital. In this report, we present a deep dive analysis across several facets of the Nike model. In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled om


Goldman said China would be a key driver of growth for Nike.
“We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital.
In this report, we present a deep dive analysis across several facets of the Nike model.
In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled om
Here are the biggest analyst calls of the day: Apple, Facebook, Alphabet, Etsy & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, day, growth, analysis, capital, believe, summary, tailwinds, brand, unique, facebook, analyst, nike, alphabet, calls, key, apple, etsy


Here are the biggest analyst calls of the day: Apple, Facebook, Alphabet, Etsy & more

Goldman said China would be a key driver of growth for Nike.

“We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital. In this report, we present a deep dive analysis across several facets of the Nike model. In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled omnichannel infrastructure will become key drivers of margin accretive and capital light growth. This analysis increases our confidence in the durability of growth and tailwinds for the brand going forward, and drives our forecast for a sharp acceleration in earnings growth.”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, day, growth, analysis, capital, believe, summary, tailwinds, brand, unique, facebook, analyst, nike, alphabet, calls, key, apple, etsy


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Here are the biggest analyst calls of the day: Apple, Facebook, Alphabet, Etsy & more

Goldman said China would be a key driver of growth for Nike. “We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital. In this report, we present a deep dive analysis across several facets of the Nike model. In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled om


Goldman said China would be a key driver of growth for Nike.
“We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital.
In this report, we present a deep dive analysis across several facets of the Nike model.
In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled om
Here are the biggest analyst calls of the day: Apple, Facebook, Alphabet, Etsy & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, day, growth, analysis, capital, believe, summary, tailwinds, brand, unique, facebook, analyst, nike, alphabet, calls, key, apple, etsy


Here are the biggest analyst calls of the day: Apple, Facebook, Alphabet, Etsy & more

Goldman said China would be a key driver of growth for Nike.

“We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital. In this report, we present a deep dive analysis across several facets of the Nike model. In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled omnichannel infrastructure will become key drivers of margin accretive and capital light growth. This analysis increases our confidence in the durability of growth and tailwinds for the brand going forward, and drives our forecast for a sharp acceleration in earnings growth.”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, day, growth, analysis, capital, believe, summary, tailwinds, brand, unique, facebook, analyst, nike, alphabet, calls, key, apple, etsy


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A UK bank is testing a key fob that uses your fingerprint to make payments

U.K. bank NatWest has launched a trial of a payment fob that uses biometric fingerprint technology. In an announcement Wednesday, the bank said 250 customers would take part in the pilot, which will last three months. NatWest claim the fob is no bigger than a keyring and it features a small fingerprint reader. According to U.K. Finance’s UK Payment Markets 2019 report, the number of contactless payments in 2018 hit 7.4 billion, an increase of 31% from 2017. While there is interest surrounding th


U.K. bank NatWest has launched a trial of a payment fob that uses biometric fingerprint technology.
In an announcement Wednesday, the bank said 250 customers would take part in the pilot, which will last three months.
NatWest claim the fob is no bigger than a keyring and it features a small fingerprint reader.
According to U.K. Finance’s UK Payment Markets 2019 report, the number of contactless payments in 2018 hit 7.4 billion, an increase of 31% from 2017.
While there is interest surrounding th
A UK bank is testing a key fob that uses your fingerprint to make payments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: anmar frangoul
Keywords: news, cnbc, companies, testing, key, payment, security, uses, bank, technologies, biometric, fingerprint, fob, natwest, payments


A UK bank is testing a key fob that uses your fingerprint to make payments

U.K. bank NatWest has launched a trial of a payment fob that uses biometric fingerprint technology.

In an announcement Wednesday, the bank said 250 customers would take part in the pilot, which will last three months.

The fobs work with current Chip and PIN terminals and will enable users to carry out contactless transactions of up to £100 ($130) by using their fingerprint information to verify purchases, according to NatWest.

Users upload their fingerprint details to the fob, registering their account via smartphone. NatWest claim the fob is no bigger than a keyring and it features a small fingerprint reader.

The trial of biometric fobs follows on from pilots of biometric credit and debit cards earlier in the year.

NatWest said that biometric data was encrypted on the device and would never be shared with either the merchant or bank.

Visa and Giesecke+Devrient Mobile Security have worked with NatWest to bring the technology and service to customers in the U.K.

“Our research tells us that people have a strong interest in biometric technologies which can make their lives easier as well as increasing the security of their payments,” Jeni Mundy, managing director, UK & Ireland, at Visa, said in a statement.

In the U.K., at least, the way in which people bank is changing. According to U.K. Finance’s UK Payment Markets 2019 report, the number of contactless payments in 2018 hit 7.4 billion, an increase of 31% from 2017.

While there is interest surrounding the development of biometric payment technologies, there are also concerns in some quarters, especially when it comes to privacy and security.

“Biometric payments are increasingly being adopted in markets such as Asia but have yet to see widespread uptake in the U.K.,” Saj Huq, program director of the London Office for Rapid Cybersecurity Advancement, or LORCA, said in a statement sent to CNBC via email.

“This is largely due to privacy concerns among consumers about how their personal data, such as fingerprints, is being stored,” Huq added.

He went on to state that, despite benefits to the consumer, technologies like biometrics and facial recognition were “not the panacea to fraud.”

“In fact, as quickly as they are being developed, hackers are also developing ways to subvert them – there is a whole parallel industry working hard to find ways to beat biometric security methods.”


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: anmar frangoul
Keywords: news, cnbc, companies, testing, key, payment, security, uses, bank, technologies, biometric, fingerprint, fob, natwest, payments


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Here are the biggest analyst calls of the day: Roku, Netflix, Tesla, Alphabet, Facebook & more

Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films. The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley. “In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe. In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggre


Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films.
The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley.
“In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe.
In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggre
Here are the biggest analyst calls of the day: Roku, Netflix, Tesla, Alphabet, Facebook & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: michael bloom
Keywords: news, cnbc, companies, key, films, believe, tesla, alphabet, stock, analyst, aggregator, roku, calls, winning, netflix, biggest, day, facebook, youtubes, risk


Here are the biggest analyst calls of the day: Roku, Netflix, Tesla, Alphabet, Facebook & more

Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films. The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley.

“In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe. Additionally, Disney+, Apple+, Peacock/CMCSA and HBOMax/AT&T should accelerate customer acquisition spending, and Roku is a key beneficiary owing to its installed base of 32mm US connected-TV homes. In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggregator of TV and films. We calculate that YouTube’s U.S. revenue is valued at over $100B. We raise our Roku PT to $200, from $150, based on falling risk.”


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: michael bloom
Keywords: news, cnbc, companies, key, films, believe, tesla, alphabet, stock, analyst, aggregator, roku, calls, winning, netflix, biggest, day, facebook, youtubes, risk


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Here are the biggest analyst calls of the day: Roku, Netflix, Tesla, Alphabet, Facebook & more

Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films. The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley. “In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe. In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggre


Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films.
The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley.
“In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe.
In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggre
Here are the biggest analyst calls of the day: Roku, Netflix, Tesla, Alphabet, Facebook & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: michael bloom
Keywords: news, cnbc, companies, key, films, believe, tesla, alphabet, stock, analyst, aggregator, roku, calls, winning, netflix, biggest, day, facebook, youtubes, risk


Here are the biggest analyst calls of the day: Roku, Netflix, Tesla, Alphabet, Facebook & more

Needham’s Laura Martin raised her price target on the stock and said Roku would be the “winning aggregator” of TV and films. The stock rebounded in the premarket on Martin’s call after plunging 15% on Monday following a downgrade by Morgan Stanley.

“In 2020, Roku’s key upside valuation driver will be accelerating subscription SVOD revenues, which lowers investment risk, we believe. Additionally, Disney+, Apple+, Peacock/CMCSA and HBOMax/AT&T should accelerate customer acquisition spending, and Roku is a key beneficiary owing to its installed base of 32mm US connected-TV homes. In the US, we believe YouTube is the winning aggregator of user-generated videos and Roku will be the winning aggregator of TV and films. We calculate that YouTube’s U.S. revenue is valued at over $100B. We raise our Roku PT to $200, from $150, based on falling risk.”


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: michael bloom
Keywords: news, cnbc, companies, key, films, believe, tesla, alphabet, stock, analyst, aggregator, roku, calls, winning, netflix, biggest, day, facebook, youtubes, risk


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Impeachment report: Giuliani spoke to White House, Nunes and OMB at key points in Ukraine campaign

The day before that, on April 23, Giuliani placed three calls to the White House, and received one call back from an unidentified number, according to a sweeping new report published Tuesday by Democrats on the House Intelligence Committee. Ambassador to Ukraine Marie Yovanovitch was abruptly recalled from her post, President Donald Trump’s personal lawyer, Rudy Giuliani, who led a campaign for Yovanovitch’s removal, spoke to the White House 11 separate times. These witnesses included current an


The day before that, on April 23, Giuliani placed three calls to the White House, and received one call back from an unidentified number, according to a sweeping new report published Tuesday by Democrats on the House Intelligence Committee.
Ambassador to Ukraine Marie Yovanovitch was abruptly recalled from her post, President Donald Trump’s personal lawyer, Rudy Giuliani, who led a campaign for Yovanovitch’s removal, spoke to the White House 11 separate times.
These witnesses included current an
Impeachment report: Giuliani spoke to White House, Nunes and OMB at key points in Ukraine campaign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: christina wilkie
Keywords: news, cnbc, companies, impeachment, parnas, calls, points, giuliani, report, ukraine, omb, committee, key, white, nunes, president, house, trump, spoke


Impeachment report: Giuliani spoke to White House, Nunes and OMB at key points in Ukraine campaign

Republican presidential candidate Donald Trump, left, talks the former New York City mayor Rudy Giuliani at a fundraising event in the Bronx borough of New York, Monday, July 6, 2015.

A few weeks before these calls, the report revealed, on April 12, there was a web of 27 separate calls involving various combinations of Giuliani, his indicted associate Lev Parnas, the top Republican on the House Intelligence Committee, Rep. Devin Nunes, former Trump attorney Victoria Toensing, then-columnist at The Hill John Solomon, the White House, and the Office of Management and Budget.

The day before that, on April 23, Giuliani placed three calls to the White House, and received one call back from an unidentified number, according to a sweeping new report published Tuesday by Democrats on the House Intelligence Committee.

WASHINGTON — On the day that then-U.S. Ambassador to Ukraine Marie Yovanovitch was abruptly recalled from her post, President Donald Trump’s personal lawyer, Rudy Giuliani, who led a campaign for Yovanovitch’s removal, spoke to the White House 11 separate times.

What was discussed on these calls is still unclear. But their inclusion in the 300-page report adds a remarkable new chapter to Democrats’ account of a monthslong campaign to pressure Ukraine to announce investigations that would help Trump politically.

Tuesday’s report laid out in painstaking detail the evidence so far gathered by the Intelligence Committee in its impeachment inquiry into the president. The committee has spent the past two months investigating whether Trump abused his presidential powers by withholding foreign aid and a White House meeting from Ukraine unless the country’s president agreed to launch investigations into Trump’s domestic political opponents.

According to the report’s introduction, the committee “uncovered a months-long effort by President Trump to use the powers of his office to solicit foreign interference on his behalf in the 2020 election.”

The president’s actions, they wrote, “subverted U.S. foreign policy toward Ukraine and undermined our national security in favor of two politically motivated investigations that would help his presidential reelection campaign.”

Much of what follows in the report has already been revealed in public testimony and closed-door depositions taken from more than a dozen witnesses over the course of October and November. These witnesses included current and former diplomats, national security officials, Trump political appointees and career staff from the Pentagon, the White House and the State Department.

But the unexpected call logs paint a far more precise and damaging picture of what was occurring behind the scenes at the White House than has been previously known.

They show, for instance, that Giuliani, who is not a government employee, was in frequent contact with the White House Office of Management and Budget, which carried out an order this summer that witnesses said came directly from Trump himself, to freeze $391 million in foreign and military aid to Ukraine.

Trump and congressional Republicans have insisted since the beginning of the inquiry that the hold on aid to Ukraine was not connected to Giuliani’s pressure campaign on Ukraine’s president to launch investigations beneficial to Trump. But if there was, in fact, no connection, then it is unclear why the president’s personal lawyer would have needed to speak repeatedly to OMB officials.

A lawyer for Giuliani did not immediately respond to questions from CNBC on Tuesday about whether his client was aware that the committee had obtained Giuliani’s phone records.

During a press conference Tuesday, Intelligence Committee chairman Rep. Adam Schiff, D-Calif., declined to say how his committee had obtained Giuliani’s phone records. But Rep. Eric Swalwell, D-Calif., another member of the committee, confirmed during a recent TV appearance that the committee had issued subpoenas for third-party phone records.

Another key figure whose role in events was further illuminated by the new phone records is Nunes, R-Calif., whose name appeared 49 times in the report in relation to contacts Nunes had with Giuliani and his associates.

These include calls that Nunes had with Giuliani and Parnas on April 10, 11 and 12, as well as calls that Nunes’ staff held with Giuliani and with Parnas throughout the spring, starting in February of this year and continuing through at least May.

Nunes did not reveal any of those contacts either before or during the monthlong public phase of the impeachment hearings. A spokesman for Nunes did not respond to questions Tuesday from CNBC about the lawmaker’s contacts with Giuliani and Parnas, who was helping Giuliani dig for dirt on Biden in Ukraine.

An attorney for Parnas has previously confirmed that his client had helped arrange a meeting for Nunes in late 2018 with a Ukrainian prosecutor who claimed to have “evidence” of wrongdoing by Democrats.

The same lawyer, Joseph Bondy, told CNBC last month that Nunes’ staff had canceled a planned trip to Ukraine for additional meetings with potential sources of dirt, out of fear that Schiff, who became committee chairman in early 2019, would learn of their plans.

Instead of Nunes’ staff making the trip themselves, Parnas set up Skype calls for them with several Ukrainian prosecutors eager to help promote the narrative that Ukraine had interfered in the 2016 presidential election on behalf of Democrat Hillary Clinton.

Asked Tuesday about Nunes’ role in the yearlong campaign to acquire political ammunition for Trump to use against Biden, Schiff said Nunes had been “complicit” in the events at the heart of the impeachment inquiry. He declined to comment on Nunes’ decision not to disclose his contacts with Giuliani and Parnas, even as both men were mentioned by name repeatedly during public hearings over which Nunes served as the top Republican.

“In terms of the ranking member,” Schiff said, “it won’t surprise you that I’m going to reserve comment. It is, I think, deeply concerning that at a time when the president of the United States was using the power of his office to dig up dirt on a political rival, that there may be evidence that there were members of Congress complicit in that activity.”

On Wednesday, the House Judiciary Committee is scheduled to take up the next phase of the impeachment process, with a public hearing to consider what the U.S. Constitution says about the grounds for impeaching a president. The scheduled witnesses for the hearing are constitutional scholars and experts on American government.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: christina wilkie
Keywords: news, cnbc, companies, impeachment, parnas, calls, points, giuliani, report, ukraine, omb, committee, key, white, nunes, president, house, trump, spoke


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A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday. Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. In a related release, the Markit manufacturing reading, known as the Purchasi


Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.
Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations.
The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival.
In a related release, the Markit manufacturing reading, known as the Purchasi
A key manufacturing index shows the US remains in contraction territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.

The reading came in at 48.1 vs. an expectation of 49.4 and the previous month’s reading of 48.3.

Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. A reading below 50 represents contraction; November was the fourth straight month below the expansion level.

Stocks fell on the report, with the Dow Jones Industrial Average off more than 150 points at 10:30 am ET.

New orders slumped to 47.2, down 1.9 percentage points from October’s 49.1. Inventories, which are a key input for gross domestic product, came in at 45.5, down 3.4 points from the previous month.

The numbers come amid speculation about the pace of U.S. growth.

Recession worries have ebbed from earlier in the year, when the Treasury yield curve was inverted and flashing what has been a reliable 12-month recession indicator for the past 50 years. GDP growth has averaged around 2.4% in 2019, with the third quarter coming in at 2.1%. However, most forecasters expect the fourth quarter to come in under 2%.

The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. This will weigh on job growth and capex over the next few months, to the point where we are not ready to rule out a further [Federal Reserve] easing in January,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note.

Manufacturing is considered a reliable bellwether for how the rest of the economy is doing, though it comprises only about one-fifth of GDP.

Nearly all of the key ISM indicators were at contraction levels in November.

Employment was at 46.6, down 1.1 point for the month, while export orders fell 2.5 points to 47.9 as the U.S. and China continue to look for a resolution to a trade dispute that began more than a year and a half ago.

Supplier deliveries was one of the few metrics in expansion, rising 2.5 points to 52.

In a related release, the Markit manufacturing reading, known as the Purchasing Managers Index, indicated expansion, coming in at 52.6, just above expectations and a bit better than the 51.3 October reading.

The Markit PMI growth reflected an uptick in production and new orders as well as strength in employment indicators. It was the strongest reading in seven months.

Investors will get a close look Friday at the impact the manufacturing slowdown and trade war have had on the broader economy. The Labor Department’s nonfarm payrolls report comes down that day, with economists surveyed by Dow Jones expecting a sharp rebound in growth to 187,000 from November’s 128,000.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


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On the go? Have 5 key travel documents in order to save money and eliminate stress

VisasAlong with a valid passport, you’ll need a visa to enter many countries, says Jesse Neugarten, CEO of Dollar Flight Club. International driver’s licenseAn international driver’s license allows you to drive in another country, and anyone with a valid U.S. driver’s license can get one. “You’ll have the option of renewing [your driver’s license] as a driver’s license or a Real ID, which is a driver’s license. You can get a Real ID online or at the DMV, and costs will vary based on what state y


VisasAlong with a valid passport, you’ll need a visa to enter many countries, says Jesse Neugarten, CEO of Dollar Flight Club.
International driver’s licenseAn international driver’s license allows you to drive in another country, and anyone with a valid U.S. driver’s license can get one.
“You’ll have the option of renewing [your driver’s license] as a driver’s license or a Real ID, which is a driver’s license.
You can get a Real ID online or at the DMV, and costs will vary based on what state y
On the go? Have 5 key travel documents in order to save money and eliminate stress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-28  Authors: aditi shrikant
Keywords: news, cnbc, companies, eliminate, license, documents, money, need, drivers, save, travel, youre, passport, real, youll, visa, key, order, stress


On the go? Have 5 key travel documents in order to save money and eliminate stress

Holiday travel can be stressful: Even before you squeeze into your assigned plane seat, you’ll have to contend with traffic, long security lines, and delayed flights. One thing you can do to eliminate some of that anxiety is make sure all your travel documents are in order. “I think one of the biggest mistakes people make is waiting to check their documents until they’re heading to the airport,” says Liana Corwin, travel expert at Hopper. “It’s really something you need to look into while you’re making your plan.” Getting turned away at the airport is potentially an expensive loss, especially if you had an international ticket. And not planning ahead means you may have to incur costs like getting your passport expedited. So, before you head to the airport, here’s what you need to know about all the documents you may need for a smooth trip.

Passport

You may know that you can’t travel with an expired passport, but it may come as an unpleasant surprise that many countries won’t allow you to travel with a passport that is going to expire in less than six months. If your passport is set to expire in the next six months or so, you should renew it now. Typically, renewing a passport takes six to eight weeks. If you need yours sooner, contact the State Department, Corwin says. “You just need to show them when you plan to travel and they will expedite [your passport to you] based on those dates,” she says. “Of course, you have to pay a little extra, but the State Department is good about that.” Right now the price to renew and expedite a passport is $170, versus $110 for regular processing.

Visas

Along with a valid passport, you’ll need a visa to enter many countries, says Jesse Neugarten, CEO of Dollar Flight Club. “Some countries you don’t need a visa for a stay of up to 30 days,” he says. Other countries won’t let you in at all without one. The State Department’s country information page is a great place to find all the information you need to get into a foreign country without a hassle. For example, if you are traveling to Vietnam, a quick search on the State Department’s database will tell you that you don’t need any vaccinations, but you do need a tourist visa and your passport must be valid for at least the next six months. To get into Argentina, though, your passport only needs to be valid during the time of entry and you can stay for up to 90 days without a visa. You also won’t need any vaccinations.

I think one of the biggest mistakes people make is waiting to check their documents until they’re heading to the airport. It’s really something you need to look into while you’re making your plan. Liana Corwin Travel expert at Hopper

Costs and timelines to obtain a visa vary. For example, with Vietnam it takes two days to process a visa, and you’ll pay a $45 fee for one-time entry. If you’re going to Turkey, a visa takes 12 hours to process and costs $20. Also be sure to check whether you can get the visa upon arrival or whether you have to plan ahead. It’s usually cheaper if you get the visa before getting to the destination, Neugarten says.

International driver’s license

An international driver’s license allows you to drive in another country, and anyone with a valid U.S. driver’s license can get one. AAA is one of two entities that are allowed to administer an international driver’s license. The other is the American Automobile Touring Alliance, or AATA. It’s “really easy” to get one at an AAA branch, Neugarten says. All you need to do is fill out an application and bring two passport pictures along with your U.S. driver’s license. It will cost $20 and you will get it in 10 to 15 business days. Rental companies in other countries might let you rent a car with just an American driver’s license, Neugarten says. “If you get pulled over by the police in places like Italy, you’ll get fined and get a ticket” if you don’t have an international driver’s license, he says. That will most likely cost you more than the price of just getting the license.

Real ID-compliant driver’s license

Starting October 1, 2020, if you want to use your driver’s license as identification to get you onto a commercial domestic flight, you’ll need one that’s Real ID compliant. That means it’s in line with new government-mandated security measures and has a “REAL ID compliant star marking,” according to the Homeland Security FAQ page. Almost all states are already issuing security-compliant Real ID cards, Corwin says. “You’ll have the option of renewing [your driver’s license] as a driver’s license or a Real ID, which is a driver’s license. You should get it as a Real ID now because in less than a year’s time, that’s the ID you’re gonna need.” You can get a Real ID online or at the DMV, and costs will vary based on what state you live in. In Pennsylvania, a Real ID is $30. In Georgia, it is $20.

You should get it as a Real ID now because in less than a year’s time, that’s the ID you’re gonna need. Liana Corwin travel expert at Hopper

Documents for your kids


Company: cnbc, Activity: cnbc, Date: 2019-11-28  Authors: aditi shrikant
Keywords: news, cnbc, companies, eliminate, license, documents, money, need, drivers, save, travel, youre, passport, real, youll, visa, key, order, stress


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Bloomberg can outspend other Democratic candidates in key states, says political strategist Frank Luntz

Bloomberg can outspend other Democratic candidates in key states, says political strategist Frank LuntzBillionaire Michael Bloomberg is kicking off his bid for the 2020 Democratic nominee. The former New York Mayor hosted his first campaign event on Monday in northern Virginia, saying he is willing to use his own fortune to take on President Trump. Frank Luntz, pollster and political strategist, and Bradley Tusk, founder and CEO of Tusk Ventures, join “Squawk Box” to discuss.


Bloomberg can outspend other Democratic candidates in key states, says political strategist Frank LuntzBillionaire Michael Bloomberg is kicking off his bid for the 2020 Democratic nominee.
The former New York Mayor hosted his first campaign event on Monday in northern Virginia, saying he is willing to use his own fortune to take on President Trump.
Frank Luntz, pollster and political strategist, and Bradley Tusk, founder and CEO of Tusk Ventures, join “Squawk Box” to discuss.
Bloomberg can outspend other Democratic candidates in key states, says political strategist Frank Luntz Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26
Keywords: news, cnbc, companies, ventures, tusk, democratic, states, york, virginia, strategist, candidates, key, political, frank, bloomberg, outspend, willing, luntz


Bloomberg can outspend other Democratic candidates in key states, says political strategist Frank Luntz

Bloomberg can outspend other Democratic candidates in key states, says political strategist Frank Luntz

Billionaire Michael Bloomberg is kicking off his bid for the 2020 Democratic nominee. The former New York Mayor hosted his first campaign event on Monday in northern Virginia, saying he is willing to use his own fortune to take on President Trump. Frank Luntz, pollster and political strategist, and Bradley Tusk, founder and CEO of Tusk Ventures, join “Squawk Box” to discuss.


Company: cnbc, Activity: cnbc, Date: 2019-11-26
Keywords: news, cnbc, companies, ventures, tusk, democratic, states, york, virginia, strategist, candidates, key, political, frank, bloomberg, outspend, willing, luntz


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