5G rollout will ‘make things better’ for cybersecurity, according to Verizon

An illuminated 5G sign hangs behind a weave of electronic cables on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019. The impending rollout of the next generation 5G wireless standard could be a boon for cybersecurity, according to an expert from Verizon. “I actually think that the 5G rollout … will actually make things better,” Chris Novak, global director of the Threat Research Advisory Center at Verizon, told CNBC’s “Squawk Box” on Tuesday. Novak’s comments


An illuminated 5G sign hangs behind a weave of electronic cables on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019. The impending rollout of the next generation 5G wireless standard could be a boon for cybersecurity, according to an expert from Verizon. “I actually think that the 5G rollout … will actually make things better,” Chris Novak, global director of the Threat Research Advisory Center at Verizon, told CNBC’s “Squawk Box” on Tuesday. Novak’s comments
5G rollout will ‘make things better’ for cybersecurity, according to Verizon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: eustance huang
Keywords: news, cnbc, companies, verizon, cybersecurity, according, 5g, things, think, novak, weve, rollout, companies, better, told, lot, actually, research, huawei


5G rollout will 'make things better' for cybersecurity, according to Verizon

An illuminated 5G sign hangs behind a weave of electronic cables on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019.

The impending rollout of the next generation 5G wireless standard could be a boon for cybersecurity, according to an expert from Verizon.

“I actually think that the 5G rollout … will actually make things better,” Chris Novak, global director of the Threat Research Advisory Center at Verizon, told CNBC’s “Squawk Box” on Tuesday.

“I think there is a lot of research and development that we’ve done and I know others have done as well to make sure that 5G doesn’t just bring speed and reliability, but also that it’s done in a secure manner and addresses any of those kinds of concerns,” Novak said.

Novak’s comments come amid increasing scrutiny on companies seeking to win contracts to develop 5G capabilities for national networks. Chinese telecommunications giant Huawei is chief among the firms under the spotlight as the U.S. seeks to dissuade America’s allies from purchasing its equipment, with claims that the firm is “too close to the government. ”

Recent moves by the U.S. have reportedly resulted in major tech companies limiting their employees’ access to Huawei. On May 16, the U.S. Department of Commerce put Huawei on a blacklist, barring it from doing business with American companies without government approval, then a few days later it authorized firms to interact with Huawei in standards bodies through August “as necessary for the development of 5G standards.”

For its part, U.S. President Donald Trump’s administration appears to have a conflicting stance on Huawei.

Trump told CNBC on Monday that Huawei could be part of the U.S. trade negotiation with China, contradicting remarks by Treasury Secretary Steven Mnuchin, who told CNBC on Sunday that Washington’s concerns surrounding the telecommunications behemoth are “national security” issues separate from trade.

On the subject of whether banning perceived bad actors from developing 5G networks would reduce the likelihood of data breaches, Novak said: “To be honest, it’s not even just the espionage element. In reality, the bigger percentage of that pie is actually financially motivated breaches.”

“If you actually roll back and look at the last decade, we’ve got almost about a half million security incidents that we’ve looked at over the course of that research,” he said. “While espionage plays a role in things and I think that’s kind of fired up a lot of the conversation here, I think ultimately there’s a lot of other facets to what we see happening in the cybersecurity and data breach landscape.”

— Reuters and CNBC’s Kate Fazzini contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: eustance huang
Keywords: news, cnbc, companies, verizon, cybersecurity, according, 5g, things, think, novak, weve, rollout, companies, better, told, lot, actually, research, huawei


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Mark Cuban: ‘Big name’ colleges aren’t always worth the price—here’s why

Ivy League institutions like Harvard, Yale and Princeton come with prestige — but they also come with a hefty sticker price. At Yale, tuition alone for the 2019-2020 school year is $55,500. After tacking on expenses like room and board, it costs nearly $76,000 to attend. Cuban, now 60, started college at the University of Pittsburgh but transferred to Indiana University after his freshman year. At Indiana, he worked various jobs, from giving dance lessons to hosting disco parties, to help pay fo


Ivy League institutions like Harvard, Yale and Princeton come with prestige — but they also come with a hefty sticker price. At Yale, tuition alone for the 2019-2020 school year is $55,500. After tacking on expenses like room and board, it costs nearly $76,000 to attend. Cuban, now 60, started college at the University of Pittsburgh but transferred to Indiana University after his freshman year. At Indiana, he worked various jobs, from giving dance lessons to hosting disco parties, to help pay fo
Mark Cuban: ‘Big name’ colleges aren’t always worth the price—here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: kathleen elkins
Keywords: news, cnbc, companies, mark, big, cuban, colleges, arent, youre, schools, lot, student, worth, university, tuition, priceheres, school, yale, college


Mark Cuban: 'Big name' colleges aren't always worth the price—here's why

Ivy League institutions like Harvard, Yale and Princeton come with prestige — but they also come with a hefty sticker price.

At Yale, tuition alone for the 2019-2020 school year is $55,500. After tacking on expenses like room and board, it costs nearly $76,000 to attend. That’s before factoring in any grants, scholarships or financial aid that students may receive.

If attending a “big name” school means you’re going to wind up with a lot of student loan debt, it may not be worth it, says self-made billionaire Mark Cuban: “There isn’t a lot of value add from big name schools for freshman or sophomore classes, particularly when a motivated student can augment their studies with free online courses from the big names,” he tweeted this week.

At the end of the day, whether you’re considering an Ivy or not, “the most important criteria when choosing a college is affordability,” the tech entrepreneur said. “Go to a school you can afford. A community college that offers transferable credits is always smart.”

Cuban, now 60, started college at the University of Pittsburgh but transferred to Indiana University after his freshman year. He picked IU’s Kelley School of Business without ever seeing the campus because it had the cheapest tuition among the top 10 business programs at the time, according to the school’s website.

At Indiana, he worked various jobs, from giving dance lessons to hosting disco parties, to help pay for his tuition.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: kathleen elkins
Keywords: news, cnbc, companies, mark, big, cuban, colleges, arent, youre, schools, lot, student, worth, university, tuition, priceheres, school, yale, college


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Warren Buffett says stocks look like ‘intelligent investments’ compared to bonds today

Berkshire Hathaway Chairman and CEO Warren Buffett said Monday a broad portfolio of U.S. stocks is a better investment than government bonds. “I would much rather own many common stocks than bonds,” Buffett told CNBC’s Becky Quick on “Squawk Box. ” “Stocks actually, in many cases, look like perfectly intelligent investments,” Buffett added. Microsoft co-founder Bill Gates, in a later interview alongside Buffett and Munger, said he thinks 2019 opened with “a big first quarter for U.S. Buffett’s c


Berkshire Hathaway Chairman and CEO Warren Buffett said Monday a broad portfolio of U.S. stocks is a better investment than government bonds. “I would much rather own many common stocks than bonds,” Buffett told CNBC’s Becky Quick on “Squawk Box. ” “Stocks actually, in many cases, look like perfectly intelligent investments,” Buffett added. Microsoft co-founder Bill Gates, in a later interview alongside Buffett and Munger, said he thinks 2019 opened with “a big first quarter for U.S. Buffett’s c
Warren Buffett says stocks look like ‘intelligent investments’ compared to bonds today Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: michael sheetz
Keywords: news, cnbc, companies, intelligent, warren, compared, munger, gates, look, bonds, lot, buffett, competition, buying, chairman, today, stocks, investments, companies


Warren Buffett says stocks look like 'intelligent investments' compared to bonds today

Berkshire Hathaway Chairman and CEO Warren Buffett said Monday a broad portfolio of U.S. stocks is a better investment than government bonds.

“I would much rather own many common stocks than bonds,” Buffett told CNBC’s Becky Quick on “Squawk Box. ” “We’d much rather own the business of America than get a 3% for 30 years from the government.”

“Stocks actually, in many cases, look like perfectly intelligent investments,” Buffett added.

Microsoft co-founder Bill Gates, in a later interview alongside Buffett and Munger, said he thinks 2019 opened with “a big first quarter for U.S. equities.”

“We still, if you look forward, are at these very high valuation levels and so it’s hard to see that the market will be gaining a lot over the next few years,” Gates said. “I think people should have fairly modest expectations for what their portfolios will make in the years in front of us.”

Buffett’s comments come after he and Berkshire Vice Chairman Charlie Munger discussed why the conglomerate has $110 billion in cash on hand. While it may appear that Buffett and Munger are waiting for better timing, with U.S. stocks climbing to record highs in recent weeks, the investors say their slowing acquisition pace is in part due to Berkshire’s competition for buying companies. Munger said that competition is “part of the reason” for Berkshire’s pile of dry powder.

“There’s probably more competition for buying companies by people who are using other people’s money, and therefore, have less sensitivity to price and who are willing to borrow a whole lot more and are being offered the ability to borrow a whole lot more,” Buffett said.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: michael sheetz
Keywords: news, cnbc, companies, intelligent, warren, compared, munger, gates, look, bonds, lot, buffett, competition, buying, chairman, today, stocks, investments, companies


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David Einhorn calls Elon Musk’s Tesla promises ‘a lot of horse—t’

David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. At the Sohn Investment Conference in Manhattan on Monday, Greenlight Capital founder and president David Einhorn said Tesla CEO Elon Musk’s promises about Tesla’s self-driving vehicles amounted to “a lot of horse—t.”Greenlight is famously short shares in the electric car maker, and Einhorn is regarded as one of the most prominent and vocal critics of Musk as well. Last year, Einhorn and Musk clash


David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. At the Sohn Investment Conference in Manhattan on Monday, Greenlight Capital founder and president David Einhorn said Tesla CEO Elon Musk’s promises about Tesla’s self-driving vehicles amounted to “a lot of horse—t.”Greenlight is famously short shares in the electric car maker, and Einhorn is regarded as one of the most prominent and vocal critics of Musk as well. Last year, Einhorn and Musk clash
David Einhorn calls Elon Musk’s Tesla promises ‘a lot of horse—t’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: lora kolodny
Keywords: news, cnbc, companies, york, tesla, horset, elon, david, teslas, lot, calls, welllast, musk, promises, einhorn, conference, musks, sohn, investment, short


David Einhorn calls Elon Musk's Tesla promises 'a lot of horse---t'

David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019.

At the Sohn Investment Conference in Manhattan on Monday, Greenlight Capital founder and president David Einhorn said Tesla CEO Elon Musk’s promises about Tesla’s self-driving vehicles amounted to “a lot of horse—t.”

Greenlight is famously short shares in the electric car maker, and Einhorn is regarded as one of the most prominent and vocal critics of Musk as well.

Last year, Einhorn and Musk clashed over Greenlight’s short position in 2018, after the hedge fund suffered losses from Tesla’s rising share price in the second quarter. After that clash, Musk fans at Chubbies, a mens’ apparel business, sent a box of short-shorts to Einhorn.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: lora kolodny
Keywords: news, cnbc, companies, york, tesla, horset, elon, david, teslas, lot, calls, welllast, musk, promises, einhorn, conference, musks, sohn, investment, short


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Investor who became a millionaire at 26: ‘To make a lot of money, master these 10 rules’

Essentially, if you want to grow your business and make a lot of money, master these 10 rules for making a positive first impression:1. If you’re talking to someone who speaks softly, calm your voice and back up. If your eyes dart about as you talk, you’ll give the impression that you have something to hide. Meet the other person’s eyes before fixing your gaze on whatever it is that they’re talking about. Every few moments, make eye contact again.


Essentially, if you want to grow your business and make a lot of money, master these 10 rules for making a positive first impression:1. If you’re talking to someone who speaks softly, calm your voice and back up. If your eyes dart about as you talk, you’ll give the impression that you have something to hide. Meet the other person’s eyes before fixing your gaze on whatever it is that they’re talking about. Every few moments, make eye contact again.
Investor who became a millionaire at 26: ‘To make a lot of money, master these 10 rules’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: josh altman
Keywords: news, cnbc, companies, eye, rules, investor, master, theyre, second, 26, youre, youll, lot, know, person, talking, millionaire, contact, money, talk


Investor who became a millionaire at 26: 'To make a lot of money, master these 10 rules'

First impressions are important, whether you like it or not. It doesn’t matter what job you have — a first impression happens in less than a second, and it’s the biggest influencer in how people respond to you. As a real estate agent, my first interaction with a client is everything. If I come in strong with confidence and style, I set the tone for the whole deal. The client will like what I give and they’ll want to get more of it. In a recent study, researchers observed 1,000 people during three-minute speed-dating sessions. The results showed that people formed their opinions in a fraction of a second. It didn’t matter what evidence was presented to undermine their opinions. In the end, appearance trumped facts. Essentially, if you want to grow your business and make a lot of money, master these 10 rules for making a positive first impression:

1. No narcissism, ever

Runaway ego kills interaction. If a person says, “I just bought a ranch in Montana,” and you reply with, “I have an island in the Caribbean,” you’re not having a conversation, you’re just talking s—. Start a pissing match with your clients and you’ll lose business opportunities and money. When you open your mouth, gear your words toward what the other person says, not whatever is running through your head.

2. Listen

Listen like your life depends on it, because your business does. It also shows you respect them (people can tell when they’re being ignored). You might also run into the type of person who asks questions just so they can cut you off and talk about themselves. Don’t be tempted to talk back. Keep your mouth closed and your ears open. Try to really get to know the person and think of negotiation tactics.

3. Kill the jargon

Industry jargon turns people off, and at best it makes them feel insecure about what they do and do not know. Speak with simplicity, transparency and clarity. Fancy words used unnecessarily make you sound like a fool. Be real. Be confident. Be consistent. Be relatable. Be human. Or lose money.

4. Catch their draft

Psychological studies have found that people are attracted to people who are similar to them. If you’re talking to someone who speaks softly, calm your voice and back up. Don’t overwhelm them. The goal is to make them feel comfortable talking to you.

It’s all about balance. Riding the draft is the beginning of “mirroring,” and it’s a tried-and-true sales strategy.

5. Dress the part

Dress in a style that screams “success” because that’s what you want to convey to others. At all times, have clean and polished outfits in the trunk of your car. You never know when you’ll need them. Preparation is key. My clients move at a level that most of us could never imagine. They make up the world’s 1%. If a billionaire meets me in board shorts and worn-out sneakers, I’ll still come polished in a perfectly pressed suit.

6. Act the part

This coincides with “dressing the part.” Some call this “fake it ’til you make it,” but it’s not the same thing at all. There was a time in my life when I wanted to lose weight, so I’d put on workout clothes, eat healthier, got my a– to the gym and surrounded myself with people who also enjoyed exercising. It’s about retraining the mind.

7. Compliment a bit

Listen to the other person’s needs and reinforce their opinions. As a real estate agent, I often compliment potential clients or listings. I look for the elements of the property I like and tell the owner. “That facade has incredible detail.” “Wow, is that wooden mantle hand-carved?” “I love the stone work.” Such compliments are not creepy; they’re pointed toward your shared objective, which is to make money! To close the deal!

8. Make eye contact

This is standard advice for human interaction. It’s Body Language 101: Look ’em in the eyes. If your eyes dart about as you talk, you’ll give the impression that you have something to hide.

If you’re naturally a fidgety person and eye contact makes you uncomfortable, get over it. Figure it out. Practice is all it takes.

A second of eye contact is all you need. Meet the other person’s eyes before fixing your gaze on whatever it is that they’re talking about. Every few moments, make eye contact again. If you’re naturally a fidgety person and eye contact makes you uncomfortable, get over it. Figure it out. Practice is all it takes.

9. Rock through it

Energy attracts energy, so keep a positive attitude. There was this incredible wide receiver for the Pittsburgh Steelers named Hines Ward. No matter what happened in the play — dropped passes, rough tackles, passes overthrown — the man smiled. Everyone liked him. Everyone rooted for him. Meanwhile, all the other athletes were moping up and down the field and kicking over Gatorade coolers. And then there was Hines Ward, looking like the Cheshire Cat.

10. Know your role


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: josh altman
Keywords: news, cnbc, companies, eye, rules, investor, master, theyre, second, 26, youre, youll, lot, know, person, talking, millionaire, contact, money, talk


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Apple’s Tim Cook says Chinese stimulus is working — and he’s not the only one

Apple CEO Tim Cook says he is a lot more bullish on China than he was three months ago — and he’s not the only one. On Apple’s earnings call Tuesday, Cook said improved trade dialogue between the U.S. and China as well as stimulus measures from Beijing were improving consumer confidence in the country “in a positive way.” In January, China reported its official economic growth rate was 6.6% for 2018, the slowest pace since 1990. In response to weakening growth, the Chinese government initiated a


Apple CEO Tim Cook says he is a lot more bullish on China than he was three months ago — and he’s not the only one. On Apple’s earnings call Tuesday, Cook said improved trade dialogue between the U.S. and China as well as stimulus measures from Beijing were improving consumer confidence in the country “in a positive way.” In January, China reported its official economic growth rate was 6.6% for 2018, the slowest pace since 1990. In response to weakening growth, the Chinese government initiated a
Apple’s Tim Cook says Chinese stimulus is working — and he’s not the only one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: elizabeth schulze
Keywords: news, cnbc, companies, monetary, trade, tim, stimulus, apples, policymakers, cook, rate, china, chinese, measures, lot, hes, growth, working


Apple's Tim Cook says Chinese stimulus is working — and he's not the only one

Apple CEO Tim Cook says he is a lot more bullish on China than he was three months ago — and he’s not the only one.

On Apple’s earnings call Tuesday, Cook said improved trade dialogue between the U.S. and China as well as stimulus measures from Beijing were improving consumer confidence in the country “in a positive way.” The comments add to a growing list of CEOs, policymakers and investors expressing more optimism on the outlook for the Chinese economy.

“We certainly feel a lot better than we did 90 days ago,” Cook said.

In January, China reported its official economic growth rate was 6.6% for 2018, the slowest pace since 1990. In response to weakening growth, the Chinese government initiated a series of fiscal and monetary stimulus measures, including a cut to the value-added tax rate for key sectors such as manufacturing, transportation and construction. In addition, China’s central bank cut the ratio of cash banks must hold as reserves.

Business leaders and policymakers say the measures are paying off. Goldman Sachs CEO David Solomon said Monday “there’s no question China has responded better to stimulus.” The International Monetary Fund (IMF) raised its growth forecast for China last month to 6.3% for the year, citing fiscal and monetary stimulus and increased prospects of a trade deal.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: elizabeth schulze
Keywords: news, cnbc, companies, monetary, trade, tim, stimulus, apples, policymakers, cook, rate, china, chinese, measures, lot, hes, growth, working


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Emirates boss looking at possible Airbus option for its partner airline after Boeing 737 Max grounding

The grounding of 737 Max airplanes has cost Emirates’ sister airline FlyDubai a “lot of profitability” and Airbus planes could now replace some Boeing orders, the Middle East airline’s CEO and chairman said Monday. Ahmed bin Saeed Al Maktoum said Flydubai, a regional partner of Emirates, has had to stop using 40 aircraft due to the worldwide grounding of the 737 Max aircraft following two deadly crashes involving the model. “I have to look into a similar type of aircraft, let’s say with the Airb


The grounding of 737 Max airplanes has cost Emirates’ sister airline FlyDubai a “lot of profitability” and Airbus planes could now replace some Boeing orders, the Middle East airline’s CEO and chairman said Monday. Ahmed bin Saeed Al Maktoum said Flydubai, a regional partner of Emirates, has had to stop using 40 aircraft due to the worldwide grounding of the 737 Max aircraft following two deadly crashes involving the model. “I have to look into a similar type of aircraft, let’s say with the Airb
Emirates boss looking at possible Airbus option for its partner airline after Boeing 737 Max grounding Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: david reid
Keywords: news, cnbc, companies, max, aircraft, airbus, planes, lot, option, possible, grounding, emirates, looking, airline, flydubai, al, partner, boeing, maktoum, boss


Emirates boss looking at possible Airbus option for its partner airline after Boeing 737 Max grounding

The grounding of 737 Max airplanes has cost Emirates’ sister airline FlyDubai a “lot of profitability” and Airbus planes could now replace some Boeing orders, the Middle East airline’s CEO and chairman said Monday.

Ahmed bin Saeed Al Maktoum said Flydubai, a regional partner of Emirates, has had to stop using 40 aircraft due to the worldwide grounding of the 737 Max aircraft following two deadly crashes involving the model. The CEO added that with more than 100 Max 8 planes currently on order, he couldn’t “sit and do nothing” and needed to look at options such as the Airbus A320.

“I have to look into a similar type of aircraft, let’s say with the Airbus,” Al Maktoum told CNBC’s Dan Murphy at the Arabian Travel Market trade show in Dubai on Monday.

The Emirates and FlyDubai chief said he would “always demand that we be compensated,” but would not yet take the step of officially canceling orders.

When asked how the Boeing crashes could affect the aerospace sector, Al Maktoum said he expected a lot of pressure on the U.S. Federal Aviation Authority (FAA) to be more candid about how it certifies Boeing aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: david reid
Keywords: news, cnbc, companies, max, aircraft, airbus, planes, lot, option, possible, grounding, emirates, looking, airline, flydubai, al, partner, boeing, maktoum, boss


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Ford jumps 8%, as strong demand for its popular trucks in North America boosts first-quarter earnings

We’re still somewhat concerned about the external environment,” outgoing Ford CFO Bob Shanks told CNBC’s “Closing Bell.” Ford shares were up more than 22% year-to-date through Wednesday but still down by about 15% over the past 12 months. Ford reported operating losses only in South America and China. Outside North America, the company had an operating loss of $196 million, which was an improvement of $632 million from the prior quarter. On the company’s earnings call CEO Jim Hackett thanked Bob


We’re still somewhat concerned about the external environment,” outgoing Ford CFO Bob Shanks told CNBC’s “Closing Bell.” Ford shares were up more than 22% year-to-date through Wednesday but still down by about 15% over the past 12 months. Ford reported operating losses only in South America and China. Outside North America, the company had an operating loss of $196 million, which was an improvement of $632 million from the prior quarter. On the company’s earnings call CEO Jim Hackett thanked Bob
Ford jumps 8%, as strong demand for its popular trucks in North America boosts first-quarter earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: maggie fitzgerald, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, lot, work, trucks, company, billion, ford, million, popular, north, strong, jumps, firstquarter, demand, shanks, earnings, operating, boosts, business


Ford jumps 8%, as strong demand for its popular trucks in North America boosts first-quarter earnings

“We have a lot of work to do. A lot of redesign of the business. We’re still somewhat concerned about the external environment,” outgoing Ford CFO Bob Shanks told CNBC’s “Closing Bell.”

Ford shares were up more than 22% year-to-date through Wednesday but still down by about 15% over the past 12 months.

The company, which released earnings after the markets closed Thursday, credited its better-than-expected performance in North America to strong truck and sport utility vehicle sales there, particularly its F-Series and Ranger pickups.

Ford has redesigned some of its most popular vehicles, set to launch later this year or next, including updates of its Ranger and Super Duty pickups, the Explorer and Escape SUVs, as well as the all-new Aviator and all-new Corsair from Lincoln. The automaker will have replaced 75% of its U.S. lineup by the end of next year, the company said.

“The ship is starting to turn after a lot of work on the fitness of the business, rethinking the product portfolio, working on a number of alliances,” said Shanks.

The Detroit automaker said its U.S. North American operating profits were $2.2 billion. Ford reported operating losses only in South America and China. They lost $158 million and $128 million, respectively. Ford also reported operating profits in the Asia Pacific, Middle East and Africa, and Europe.

Outside North America, the company had an operating loss of $196 million, which was an improvement of $632 million from the prior quarter.

“This quarter was a really good start for the year,” Shanks said in a statement announcing the results. “We expect first quarter EBIT to be the strongest of the year due to seasonal factors and major product launches ahead. It does, however, put us on track to deliver better company results in 2019 than last year.”

Ford’s North American profit margin was 8.7%. The full company margin was 6.1%.

The quarterly numbers come amid Ford’s $11 billion restructuring plan, with an aim to slash costs by $14 billion over the next five years. The plan involves focusing on Ford’s historically strongest segments such as trucks, utility vehicles and muscle cars, while scaling back international operations, investing in new technologies, and featuring more profitable vehicles.

Ford announced Wednesday it has invested $500 million in electric-truck maker Rivian to build a battery-powered electric vehicle. Shanks said the partnership is a “win win” for both companies.

“Working with a fantastic start-up like this that is looking at electrification and that part of the business with fresh eyes, we’re going to learn a lot from it,” said Shanks.

The stock closed at $9.41 a share on Thursday.

On the company’s earnings call CEO Jim Hackett thanked Bob Shanks for his work, as he is leaving the company. Shanks will be replaced by Tim Stone, who served 20 years at Amazon and is the former CFO of Snap.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: maggie fitzgerald, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, lot, work, trucks, company, billion, ford, million, popular, north, strong, jumps, firstquarter, demand, shanks, earnings, operating, boosts, business


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Economy could be ‘a lot of power’ for GOP heading into 2020 elections, says strategist Jim Paulsen

The Republicans may have some good news heading into the 2020 presidential election season, noted market strategist Jim Paulsen told CNBC on Thursday. But before that happens, he thinks it’s even possible for an unexpected surge in the stock market. While many on Wall Street think the market will go higher this year, there are few who think it will go a lot higher, Paulsen said. “Maybe the surprise is not that it is going to fall or go a little higher, maybe it blows a lot higher than it even sh


The Republicans may have some good news heading into the 2020 presidential election season, noted market strategist Jim Paulsen told CNBC on Thursday. But before that happens, he thinks it’s even possible for an unexpected surge in the stock market. While many on Wall Street think the market will go higher this year, there are few who think it will go a lot higher, Paulsen said. “Maybe the surprise is not that it is going to fall or go a little higher, maybe it blows a lot higher than it even sh
Economy could be ‘a lot of power’ for GOP heading into 2020 elections, says strategist Jim Paulsen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: michelle fox
Keywords: news, cnbc, companies, gop, higher, jim, economy, told, growth, 2020, strategist, stock, market, think, heading, lot, elections, thats, power, paulsen


Economy could be 'a lot of power' for GOP heading into 2020 elections, says strategist Jim Paulsen

The Republicans may have some good news heading into the 2020 presidential election season, noted market strategist Jim Paulsen told CNBC on Thursday.

That’s because he sees the timing of economic growth and the character of the economy as the most important issues for the election.

“In some sense, we may look back on this and say that the slowdown, if there was one here in 2019, might have been great timing for the Republican Party,” the chief investment strategist at The Leuthold Group said on “Power Lunch.”

In other words, if the economy slows down and the Trump administration and other global officials bring on the “full policy cavalry,” it will probably end up reviving economic growth both in the U.S. and abroad, Paulsen said.

“If that is the case going into voting season next year — where the economy is continuing to do not just OK but accelerating, and the unemployment rate is heading to 3% and wages continue to rise — I think that’s a lot of power for the Republican Party.”

While there was concern about a weak economy late last year, things are looking better. Retail sales soared in March, rising 1.6%, and weekly jobless claims came in at the lowest level since 1969 for the week ended April 13. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 192,000.

Forecasts have also come up for first-quarter gross domestic product. Next week, the government releases its advanced estimate of Q1 GDP. According to the CNBC Rapid Update, which measures how much new data changes the average tracking forecast among a select group of Wall Street economists, the median GDP forecast is now at 2.4%. That’s up from as low as 1% in March.

All that is good news for the stock market — for now, said Paulsen. He still thinks that at some point the Federal Reserve, in raising interest rates, will kill the economic recovery.

“It almost did last year. We were close to killing it off. But we hit the pause button,” he said, referring to the Fed’s decision earlier this year to hold off on raising interest rates after there were concerns about the economy dramatically slowing.

“Now we are just entering a period where we are going to have revival in growth without Fed tightening. That’s pretty good,” Paulsen said.

He sees a case where the yield on the 10-year Treasury can jump back above 3% and still not really hurt stocks.

However, at some point the Fed will be tightening again.

“Then it becomes a mixed bag and ultimately the Fed overdoes it,” he said. “That’s probably sometime off.”

But before that happens, he thinks it’s even possible for an unexpected surge in the stock market.

While many on Wall Street think the market will go higher this year, there are few who think it will go a lot higher, Paulsen said.

“Maybe the surprise is not that it is going to fall or go a little higher, maybe it blows a lot higher than it even should.”

Paulsen’s comments echo those of BlackRock CEO Larry Fink, who told CNBC on Tuesday that the market could have a quick rally from here.

“We have a risk of a melt-up, not a meltdown here. Despite where the markets are in equities, we have not seen money being put to work,” the head of the world’s largest asset manager told CNBC’s “Squawk Box.” “We have record amounts of money in cash. We still see outflows in retail in equities and in institutions.”

In stock market terms, a melt-up is considered a big move in the markets that comes from investors trying to get in on a momentum shift. It also can be a sign of a late-stage bull market.

— CNBC’s Fred Imbert and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: michelle fox
Keywords: news, cnbc, companies, gop, higher, jim, economy, told, growth, 2020, strategist, stock, market, think, heading, lot, elections, thats, power, paulsen


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Cardi B on the advice about success ‘a lot of people aren’t going to tell you’

“I wanted to take a business class, but I didn’t because I had to take a math class for it and I was like, ‘Oh no, I hate math, I am not going to do it.'” “Me, I got mad money, mad money — but you want to know something? I have to hire business managers and s— and pay extra money for these people that develop business because I didn’t took the class. So I gotta depend on somebody else to run my business,” Cardi said. “That’s why you gotta take a business class.”


“I wanted to take a business class, but I didn’t because I had to take a math class for it and I was like, ‘Oh no, I hate math, I am not going to do it.'” “Me, I got mad money, mad money — but you want to know something? I have to hire business managers and s— and pay extra money for these people that develop business because I didn’t took the class. So I gotta depend on somebody else to run my business,” Cardi said. “That’s why you gotta take a business class.”
Cardi B on the advice about success ‘a lot of people aren’t going to tell you’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: catherine clifford, steve granitz, getty images
Keywords: news, cnbc, companies, class, tell, success, arent, lot, advice, business, know, mad, hire, gotta, cardi, going, math, money


Cardi B on the advice about success 'a lot of people aren't going to tell you'

“I wanted to take a business class, but I didn’t because I had to take a math class for it and I was like, ‘Oh no, I hate math, I am not going to do it.'”

But that is not what she recommends for others: “Always take a business class because sometimes, the career that you study for one day is not going to make you happy and you want to become your own boss, but you can not be your own boss because you don’t know how to manage a business,” Cardi told the audience.

Now that she is doing well financially, Cardi B said because of her own lack of knowledge, she had to hire someone who knows what they’re doing.

“Me, I got mad money, mad money — but you want to know something? I have to hire business managers and s— and pay extra money for these people that develop business because I didn’t took the class. So I gotta depend on somebody else to run my business,” Cardi said.

“That’s why you gotta take a business class.”


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: catherine clifford, steve granitz, getty images
Keywords: news, cnbc, companies, class, tell, success, arent, lot, advice, business, know, mad, hire, gotta, cardi, going, math, money


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