Democrats gear up for 2020 hiring blitz in crucial early primary state South Carolina

Democratic presidential hopefuls are on the verge of going on a hiring binge in the crucial early primary state of South Carolina as they look to staff up for a bruising 2020 campaign. “I anticipate in the next two or three weeks we will see an increase in staff,” Trav Roberston, chairman of the South Carolina Democratic Party, told CNBC. “We will be almost one year from a primary in South Carolina at that time. South Carolina is slated to hold its primary Feb. 29, 2020, following the first-in-t


Democratic presidential hopefuls are on the verge of going on a hiring binge in the crucial early primary state of South Carolina as they look to staff up for a bruising 2020 campaign. “I anticipate in the next two or three weeks we will see an increase in staff,” Trav Roberston, chairman of the South Carolina Democratic Party, told CNBC. “We will be almost one year from a primary in South Carolina at that time. South Carolina is slated to hold its primary Feb. 29, 2020, following the first-in-t
Democrats gear up for 2020 hiring blitz in crucial early primary state South Carolina Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: brian schwartz, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, early, blitz, democrats, primary, democratic, south, states, 2020, gear, crucial, strategy, staff, hiring, carolina, state, voting


Democrats gear up for 2020 hiring blitz in crucial early primary state South Carolina

Democratic presidential hopefuls are on the verge of going on a hiring binge in the crucial early primary state of South Carolina as they look to staff up for a bruising 2020 campaign.

One of the major players in the mix is former Vice President Joe Biden, who has yet to declare his candidacy but is considered the early frontrunner.

“I anticipate in the next two or three weeks we will see an increase in staff,” Trav Roberston, chairman of the South Carolina Democratic Party, told CNBC. “We will be almost one year from a primary in South Carolina at that time. I do get occasional questions if I’ve heard of people looking for opportunities. I forward their resumes to whoever I may know of that may work for their respective campaigns.”

South Carolina is slated to hold its primary Feb. 29, 2020, following the first-in-the-nation New Hampshire primary and the Iowa and Nevada caucuses earlier that month. Longtime South Carolina political consultants believe a victory in the state’s primary in 2020 could go a long way in determining the party’s eventual nominee.

“The voting demographics of primary voters in the state are very reflective of many of the state that follow and S.C. will serve as a real test of organizations strategy, bandwidth and staying power,” said Antjuan Seawright, South Carolina Democratic strategist and CEO of the firm Blueprint Strategy. “So we command the best, and that’s why you see candidates running political stop signs, and breaking speed limits to get here.”

The 2016 United States Census Bureau survey shows that a majority of South Carolina’s voting age population ranges from 45 to 64 years old. Sixty-nine percent of election participants are white, while 27 percent are listed as African-American.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: brian schwartz, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, early, blitz, democrats, primary, democratic, south, states, 2020, gear, crucial, strategy, staff, hiring, carolina, state, voting


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Firm owned by longtime Trump bodyguard received $225,000 from RNC

As former Trump campaign aide Michael Caputo told CNN at the time, “I think it’s a responsibility of everyone in the Republican Party to take care of the president and his family first. But unlike McEntee, he did not immediately return to the Trump campaign, where his most recent job outside of government had been. There, on November 7, 2017, Schiller reportedly denied a salacious allegation that Trump interacted with prostitutes during a 2013 trip to Moscow, on which Schiller had accompanied hi


As former Trump campaign aide Michael Caputo told CNN at the time, “I think it’s a responsibility of everyone in the Republican Party to take care of the president and his family first. But unlike McEntee, he did not immediately return to the Trump campaign, where his most recent job outside of government had been. There, on November 7, 2017, Schiller reportedly denied a salacious allegation that Trump interacted with prostitutes during a 2013 trip to Moscow, on which Schiller had accompanied hi
Firm owned by longtime Trump bodyguard received $225,000 from RNC Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: christina wilkie, nicholas kamm, afp, getty images, brendan smialowski, drew angerer
Keywords: news, cnbc, companies, longtime, bodyguard, schillers, owned, received, firm, rnc, 225000, house, campaign, legal, schiller, trump, committee, group, 2017


Firm owned by longtime Trump bodyguard received $225,000 from RNC

In late summer 2017, after eight months at the White House with Trump, Schiller was ready to move to Florida, make more money and get outside the Beltway, according to former White House aides. Inside the West Wing, Schiller also reportedly chafed under the newly imposed, top-down leadership style of then-chief of staff Gen. John Kelly.

At the same time, on Capitol Hill, the Republican National Committee was coming under pressure from Trump allies who wanted it to use its specially designated legal fund to help pay personal attorney fees for the president and his eldest son, Donald Jr., who were caught up in the early stages of the special counsel’s Russia probe.

As former Trump campaign aide Michael Caputo told CNN at the time, “I think it’s a responsibility of everyone in the Republican Party to take care of the president and his family first. They didn’t sign up for this bogus investigation and it’s our responsibility to protect him as much as we can.”

The RNC agreed to tap the fund. In August and September 2017, it spent more than $427,000 on lawyers for both men. But an uproar ensued when the RNC later reported the payments on its mandatory monthly campaign filings.

Even within the RNC, many staffers reportedly believed that the legal fund, originally created to pay for things like vote recounts, was never intended to pay anyone’s personal legal bills related to a criminal proceeding.

The last legal bill the committee paid for the Trumps was on Sept. 18, 2017, for Don Jr. Yet within days, the RNC quietly started paying three other Trump-related expenses, according to committee filings with the Federal Election Commission.

The first was a salary for John Pence, nephew of Vice President Mike Pence, who was earning around $12,000 a month from Trump’s re-election campaign.

Next came $37,500 a month in rent payable to the Trump Organization for office space in Trump Tower, which was used by the president’s re-election campaign.

Schiller officially left his job at the White House on Sept. 20. But unlike McEntee, he did not immediately return to the Trump campaign, where his most recent job outside of government had been. Instead, he landed at the RNC.

On October 4, 2017, one week after the Trump Tower rent payments started, the RNC cut its first check for $15,000 to Schiller’s KS Global Group for what it called “security services.”

The expense was disclosed by the committee on its next campaign filing in October, as required by law. But it went unnoticed by reporters for another three months.

One month after he was retained by the RNC, Schiller sat for an interview with the House Intelligence Committee, which had launched its own investigation of Russian meddling in the 2016 election.

There, on November 7, 2017, Schiller reportedly denied a salacious allegation that Trump interacted with prostitutes during a 2013 trip to Moscow, on which Schiller had accompanied him.

At the time of Schiller’s testimony, records show that KS Global Group had already collected $30,000 in fees from the RNC. Schiller had also moved to Boca Raton, Florida, full time, according to Florida state corporation filings. One week before he testified on Capitol Hill, Schiller had registered KS Global Group in Florida, and listed his home address as an apartment in Boca Raton.

The RNC wasn’t the only pro-Trump group helping Schiller to make ends meet, however. Also not yet reported at the time was the fact that Schiller’s lawyers were being paid, at least in part, by the Trump campaign. Between January and April 2018, the campaign paid more than $94,500 to Schiller’s attorney’s law firm, according to campaign finance reports.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: christina wilkie, nicholas kamm, afp, getty images, brendan smialowski, drew angerer
Keywords: news, cnbc, companies, longtime, bodyguard, schillers, owned, received, firm, rnc, 225000, house, campaign, legal, schiller, trump, committee, group, 2017


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Trump: ‘There’s a good chance we’ll have to’ declare a national emergency to build the wall

President Donald Trump on Friday said, “I think there’s a good chance we’ll have to” declare a national emergency in order to appropriate the funds to build his border wall. Asked Friday if he was concerned about courts halting an emergency declaration, Trump replied, “we have very, very strong legal standing to win,” adding it would be “very hard” for a court to enjoin the declaration. Recent polling shows little public support for Trump using a national emergency to access wall funds. Republic


President Donald Trump on Friday said, “I think there’s a good chance we’ll have to” declare a national emergency in order to appropriate the funds to build his border wall. Asked Friday if he was concerned about courts halting an emergency declaration, Trump replied, “we have very, very strong legal standing to win,” adding it would be “very hard” for a court to enjoin the declaration. Recent polling shows little public support for Trump using a national emergency to access wall funds. Republic
Trump: ‘There’s a good chance we’ll have to’ declare a national emergency to build the wall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: christina wilkie, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, funding, wall, chance, build, declare, president, good, theres, declaration, emergency, trump, construction, national, funds


Trump: 'There's a good chance we'll have to' declare a national emergency to build the wall

President Donald Trump on Friday said, “I think there’s a good chance we’ll have to” declare a national emergency in order to appropriate the funds to build his border wall.

Trump wouldn’t say he would definitely declare it, but he told reporters that such a declaration “would help the process.”

The remarks came as a specially created committee in Congress is poised to spend the next two weeks trying to reach a compromise on border security before the current short-term government funding bill expires on Feb. 15.

If no deal is reached, then Trump could decide to either partially shut down the government for the second time this year, or potentially sign a bill funding federal agencies, and then use his executive powers to declare a national emergency on the southern border.

This could allow the president to commandeer funds that have already been appropriated by Congress for other purposes, such as disaster relief, and use them to pay for the construction of a wall.

But such a declaration would almost certainly be challenged in court. There, the administration could find it challenging to make the argument that the immigration situation on the southern border, which has not materially changed in several months, merits an emergency declaration only now, after Trump was unable to secure the needed funds from Congress.

Asked Friday if he was concerned about courts halting an emergency declaration, Trump replied, “we have very, very strong legal standing to win,” adding it would be “very hard” for a court to enjoin the declaration.

Trump also declared several times that the wall was already being built. He was presumably referring to stretches of both new wall and replacement wall that were approved and paid for last year with 2018 funding, but which are slated to begin construction later this winter.

“We’re building the wall, and we’re building a lot of wall,” the president said, “but I can do it a lot faster the other way.”

It was unclear what impact statements like these, which imply that the purpose of the national emergency would be merely to speed up construction, might have on the legal argument for a national emergency, if Trump were to declare one and it were to be challenged in court.

Trump has so far drawn a hard line in negotiations with Congress, saying he will not accept anything short of billions of dollars designated for the construction of a wall on the U.S.-Mexico border.

House Speaker Nancy Pelosi has drawn a line, as well, telling reporters on Thursday, “there’s not going to be any wall money in the legislation.”

Recent polling shows little public support for Trump using a national emergency to access wall funds. According to a respected poll released Monday, only 34 percent of Americans back declaring a national emergency in order to use military funding for the wall, while almost twice as many respondents — 64 percent — oppose the idea.

Republican senators, including Marco Rubio of Florida and Chuck Grassley of Iowa, have also warned the president against declaring a national emergency. On Sunday, Rubio called it a “terrible idea.”

But at least one of Trump’s closest allies in the Senate, Lindsey Graham of South Carolina, appeared ready to make the case to his fellow Republicans that a national emergency wasn’t merely an acceptable option, it was Trump’s only option.

“Republicans need to get behind President Trump emergency declaration to build wall/barrier,” Graham tweeted on Friday afternoon. “Looking like he has no other option.”

The building of a border wall was one of Trump’s core campaign promises in 2016, and his failure to do so could damage his support among his deeply loyal base. On the other hand, the past month’s battle over wall funding, and the historically long government shutdown Trump forced when Congress refused to appropriate the funds, have also hurt the president’s broader approval ratings.

— CNBC’s Jacob Pramuk contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: christina wilkie, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, funding, wall, chance, build, declare, president, good, theres, declaration, emergency, trump, construction, national, funds


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Palestinian PM calls out Trump’s disengagement with Palestine, says it’s ‘not encouraging’

Palestinian Prime Minister Rami Hamdallah called out the international community and President Donald Trump for its weakened engagement with Palestine while at the World Economic Forum in Davos on Wednesday. Speaking to CNBC’s Hadley Gamble, the leader described recent U.S. policy on the Israeli-Palestinian conflict as “not encouraging.” Hamdallah pointed to Jerusalem as what he saw as a key example of the U.S. reneging on its commitments to pursuing a peace deal between Israel and Palestine. Th


Palestinian Prime Minister Rami Hamdallah called out the international community and President Donald Trump for its weakened engagement with Palestine while at the World Economic Forum in Davos on Wednesday. Speaking to CNBC’s Hadley Gamble, the leader described recent U.S. policy on the Israeli-Palestinian conflict as “not encouraging.” Hamdallah pointed to Jerusalem as what he saw as a key example of the U.S. reneging on its commitments to pursuing a peace deal between Israel and Palestine. Th
Palestinian PM calls out Trump’s disengagement with Palestine, says it’s ‘not encouraging’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: natasha turak, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, prime, referencing, disengagement, embassy, tel, palestinian, saw, policy, jerusalem, trump, trumps, settlement, encouraging, palestine, calls


Palestinian PM calls out Trump's disengagement with Palestine, says it's 'not encouraging'

Palestinian Prime Minister Rami Hamdallah called out the international community and President Donald Trump for its weakened engagement with Palestine while at the World Economic Forum in Davos on Wednesday.

Speaking to CNBC’s Hadley Gamble, the leader described recent U.S. policy on the Israeli-Palestinian conflict as “not encouraging.”

Hamdallah pointed to Jerusalem as what he saw as a key example of the U.S. reneging on its commitments to pursuing a peace deal between Israel and Palestine. The Trump administration had pledged to accomplish a peace agreement under the leadership of Trump’s son-in-law Jared Kushner.

“Jerusalem was one final settlement issue, all of a sudden Mr. Trump has removed the embassy from Tel Aviv to Jerusalem,” the prime minister said, referencing the holy city over which both Israelis and Palestinians assert claims, and whose control and administration was meant to be negotiated as part of a “final settlement” deal.

In December of 2017, Trump announced he would move the U.S. embassy in Israel from Tel Aviv to Jerusalem, breaking with decades of U.S. policy and officially recognizing the city as the Israeli capital, a move met by swift criticism from the international community. The embassy’s inauguration in May saw violent clashes between Palestinian protesters and Israeli troops, with more than 50 Palestinians killed.

In addition to the controversial embassy move, Hamdallah cited the cut in support to aid programs for Palestinians.

“He (Trump) stopped funding UNRWA, which was established through the UN mandate,” he noted, referencing the administration’s announcement last August to end funding for the United Nations Relief and Works Agency for Palestine Refugees, which provides social, healthcare, and educational services for more than 5 million people.


Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: natasha turak, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, prime, referencing, disengagement, embassy, tel, palestinian, saw, policy, jerusalem, trump, trumps, settlement, encouraging, palestine, calls


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Dow set to rise more than 150 points as United Tech, P&G jump on earnings

U.S. stock index futures pointed to a higher open on Wednesday after the release of strong corporate earnings from companies like United Technologies and Procter & Gamble. ET, Dow Jones Industrial Average futures popped 147 points, indicating gain of 159.52 points at the open. Dow members United Technologies and Procter & Gamble rose 4 percent and 3.1 percent in the premarket, respectively, after both companies reported better-than-expected earnings. When commenting on the news, the White House


U.S. stock index futures pointed to a higher open on Wednesday after the release of strong corporate earnings from companies like United Technologies and Procter & Gamble. ET, Dow Jones Industrial Average futures popped 147 points, indicating gain of 159.52 points at the open. Dow members United Technologies and Procter & Gamble rose 4 percent and 3.1 percent in the premarket, respectively, after both companies reported better-than-expected earnings. When commenting on the news, the White House
Dow set to rise more than 150 points as United Tech, P&G jump on earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: fred imbert, alexandra gibbs, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, growth, white, 150, earnings, tech, pg, jump, rise, technologies, dow, futures, points, set, house, week, trade, united


Dow set to rise more than 150 points as United Tech, P&G jump on earnings

U.S. stock index futures pointed to a higher open on Wednesday after the release of strong corporate earnings from companies like United Technologies and Procter & Gamble.

Around 7:15 a.m. ET, Dow Jones Industrial Average futures popped 147 points, indicating gain of 159.52 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to solid gains.

Dow members United Technologies and Procter & Gamble rose 4 percent and 3.1 percent in the premarket, respectively, after both companies reported better-than-expected earnings. IBM, another Dow component, also jumped 6.6 percent on the back of its results.

The trading seen in futures comes after Wall Street closed its previous session lower. On Tuesday, the Dow snapped its four-day winning streak, closing down more than 300 points lower, as global growth fears added jitters to market sentiment.

Earlier this week, the International Monetary Fund (IMF) announced that it had revised down its estimates for global growth, projecting a 3.5 percent growth rate across the globe in 2019, and 3.6 percent for next year. The fund had already slashed its forecasts back in October, due to trade tensions, however issues still remain as the institution keeps its eye on other topics filled with uncertainty, such as Brexit. Weak economic data out of China didn’t ease fears either.

Meanwhile, investors continue to keep a close eye on trade negotiations with the Asian nation.

In the latest surrounding trade discussions, the White House has appeared to have rejected a trade planning meeting with its Chinese counterparts this week, as outstanding disagreements over the enforcement of intellectual property rules rumble on — this according to a source familiar with the situation.

When commenting on the news, the White House told CNBC Tuesday that “the teams remain in touch in preparation for high level talks with Vice Premier Liu He” at the end of January. Meantime, White House economic advisor Larry Kudlow refuted claims that an official meeting had been called off, adding that no intermediate gatherings had been scheduled other than the visit by Liu.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: fred imbert, alexandra gibbs, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, growth, white, 150, earnings, tech, pg, jump, rise, technologies, dow, futures, points, set, house, week, trade, united


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White House chief economist: We could see ‘zero’ growth in first quarter because of shutdown

The chairman of President Donald Trump’s Council of Economic Advisers said Wednesday the United States could post no economic growth in the first quarter if the federal government does not reopen. “If [the shutdown] extended for the whole quarter, and given the fact that the first quarter tends to be low because of residual seasonality, then you could end up with a number very close to zero in the first quarter,” Kevin Hassett told CNN. Asked whether GDP growth could hit zero in the quarter, Has


The chairman of President Donald Trump’s Council of Economic Advisers said Wednesday the United States could post no economic growth in the first quarter if the federal government does not reopen. “If [the shutdown] extended for the whole quarter, and given the fact that the first quarter tends to be low because of residual seasonality, then you could end up with a number very close to zero in the first quarter,” Kevin Hassett told CNN. Asked whether GDP growth could hit zero in the quarter, Has
White House chief economist: We could see ‘zero’ growth in first quarter because of shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: thomas franck, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, states, trade, zero, united, shutdown, economist, president, house, quarter, hassett, federal, growth, chief, trumps, white


White House chief economist: We could see 'zero' growth in first quarter because of shutdown

The chairman of President Donald Trump’s Council of Economic Advisers said Wednesday the United States could post no economic growth in the first quarter if the federal government does not reopen.

“If [the shutdown] extended for the whole quarter, and given the fact that the first quarter tends to be low because of residual seasonality, then you could end up with a number very close to zero in the first quarter,” Kevin Hassett told CNN.

Asked whether GDP growth could hit zero in the quarter, Hassett said “Yes, we could.”

“But then again, the second-quarter number would be humongous if the government reopened. It would be like 4 or 5 percent,” Hassett said.

In recent decades, GDP growth in the first quarter has been notably weaker than growth in other quarters.

The federal government shutdown was in its 33rd day Wednesday, with little sign of relief for the roughly 800,000 federal workers going without pay. The Senate on Thursday is holding votes on competing GOP and Democratic proposals that would fund the government through Feb. 8. Neither measure is expected to pass because of the parties’ standoff over President Donald Trump’s demand for $5.7 billion for a wall along the Mexican border.

Hassett added later in the CNN interview that he believes the United States and China could reach a trade deal by the March 2 deadline.

Trade negotiations between Washington and Beijing have stretched for months amid their tit-for-tat trade war. The countries reached a truce following Trump’s meeting with Chinese President Xi Jinping in Argentina on Dec. 1.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: thomas franck, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, states, trade, zero, united, shutdown, economist, president, house, quarter, hassett, federal, growth, chief, trumps, white


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Trump advisor Larry Kudlow: GDP damage from government shutdown is temporary

The Trump administration expects the partial government shutdown to hit gross domestic product growth, but thinks the economy will bounce back quickly after it ends, White House economic advisor Larry Kudlow said Tuesday. The White House now expects the funding lapse to sap 0.1 percentage points from GDP growth every week it lasts, double the administration’s initial estimate of the economic damage. While the effect on fourth-quarter 2018 GDP may prove small, the shutdown could knock a chunk off


The Trump administration expects the partial government shutdown to hit gross domestic product growth, but thinks the economy will bounce back quickly after it ends, White House economic advisor Larry Kudlow said Tuesday. The White House now expects the funding lapse to sap 0.1 percentage points from GDP growth every week it lasts, double the administration’s initial estimate of the economic damage. While the effect on fourth-quarter 2018 GDP may prove small, the shutdown could knock a chunk off
Trump advisor Larry Kudlow: GDP damage from government shutdown is temporary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: jacob pramuk, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, kudlow, trump, temporary, gdp, damage, advisor, house, shutdown, slowdown, white, larry, closure, economic, workers


Trump advisor Larry Kudlow: GDP damage from government shutdown is temporary

The Trump administration expects the partial government shutdown to hit gross domestic product growth, but thinks the economy will bounce back quickly after it ends, White House economic advisor Larry Kudlow said Tuesday.

The closure, which started on Dec. 22, is in its 32nd day. About 800,000 federal workers have already lost one paycheck and will miss another on Friday amid an impasse over President Donald Trump’s proposed border wall.

The White House now expects the funding lapse to sap 0.1 percentage points from GDP growth every week it lasts, double the administration’s initial estimate of the economic damage. While the effect on fourth-quarter 2018 GDP may prove small, the shutdown could knock a chunk off first-quarter 2019 growth.

But Kudlow contended the economic disruption would be “temporary stuff.” He tried to tamp down concerns about wider economic problems in the U.S., as fears about a global economic slowdown intensify.

“I do not acknowledge that the fundamental economy has been adversely affect at all” by the shutdown, the National Economic Council director said.

He added: “You will see a snapback right away” when the closure ends.

Polls show Americans increasingly blame Trump for the closure as the economic burden on government workers mounts and services from airport security to food inspections and assistance programs for meals and housing are disrupted. The closure of about a quarter of the government could chip about a half a percentage point off GDP if it lasts the rest of the month, a White House official told CNBC.

In recent weeks, Kudlow has repeatedly shot down the notion of an economic slowdown or looming U.S. recession.

WATCH: Full interview with NEC Director Larry Kudlow


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: jacob pramuk, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, kudlow, trump, temporary, gdp, damage, advisor, house, shutdown, slowdown, white, larry, closure, economic, workers


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The financial shock for 800,000 federal workers is about to get much worse as the shutdown drags on

The financial shock is about to get much worse for government employees sidelined by the budget stalemate in Washington. An estimated 800,000 government employees have been caught in the political crossfire of a partial government shutdown, now in its fifth week. Roughly 380,000 federal workers have been furloughed and 420,000 are working without pay. The impact of the government shutdown economic on the overall U.S. economy, so far, has been limited. Yet, just as the economic impact is concentr


The financial shock is about to get much worse for government employees sidelined by the budget stalemate in Washington. An estimated 800,000 government employees have been caught in the political crossfire of a partial government shutdown, now in its fifth week. Roughly 380,000 federal workers have been furloughed and 420,000 are working without pay. The impact of the government shutdown economic on the overall U.S. economy, so far, has been limited. Yet, just as the economic impact is concentr
The financial shock for 800,000 federal workers is about to get much worse as the shutdown drags on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: john w schoen, nicholas kamm, afp, getty images, haley hernandez via ap
Keywords: news, cnbc, companies, drags, overall, furloughed, financial, shock, worse, impact, hit, federal, shutdown, week, partial, revenue, 800000, economic, workers


The financial shock for 800,000 federal workers is about to get much worse as the shutdown drags on

The financial shock is about to get much worse for government employees sidelined by the budget stalemate in Washington.

If the partial government shutdown continues through this week – and there is no end in sight – Friday will mark the second paycheck missed by affected federal workers, whose household budgets have been completely upended.

An estimated 800,000 government employees have been caught in the political crossfire of a partial government shutdown, now in its fifth week. Roughly 380,000 federal workers have been furloughed and 420,000 are working without pay.

The impact of the government shutdown economic on the overall U.S. economy, so far, has been limited. Yet, just as the economic impact is concentrated on furloughed workers, some companies and industries are taking a bigger hit than others. Commercial airlines, for example, are facing slower demand as airports struggle with understaffed security checkpoints, are losing revenue. Last week, Delta said it had lost $25 million in revenue on account of the shutdown.

The hit to the overall gross domestic product in the first quarter is also difficult to quantify. Economists have come up with a range of numbers, but they agree that the longer the shutdown goes on, the wider the damage to economic growth.

There was little indication Tuesday that the standoff would end any time soon. President Donald Trump’s proposal to reopen the government, which outraged immigration hard liners on the right and was instantly rejected by Democrats, is headed for a vote this week in the Senate, where it will probably fail.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: john w schoen, nicholas kamm, afp, getty images, haley hernandez via ap
Keywords: news, cnbc, companies, drags, overall, furloughed, financial, shock, worse, impact, hit, federal, shutdown, week, partial, revenue, 800000, economic, workers


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China denies ‘slanderous’ economic espionage charges from US, allies

China’s Foreign Ministry said on Friday it is resolutely opposed to accusations from the United States and other allies criticizing China for economic espionage, urging Washington to withdraw its accusations. “The U.S. side making unwarranted criticisms of China in the name of so-called ‘cyber stealing’ is blaming others while oneself is to be blamed, and is self-deception. The operation targeted intellectual property and corporate secrets to give Chinese companies an unfair competitive advantag


China’s Foreign Ministry said on Friday it is resolutely opposed to accusations from the United States and other allies criticizing China for economic espionage, urging Washington to withdraw its accusations. “The U.S. side making unwarranted criticisms of China in the name of so-called ‘cyber stealing’ is blaming others while oneself is to be blamed, and is self-deception. The operation targeted intellectual property and corporate secrets to give Chinese companies an unfair competitive advantag
China denies ‘slanderous’ economic espionage charges from US, allies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, chinese, states, charges, ministry, espionage, slanderous, allies, stealing, denies, united, china, economic, cyber, security, foreign, companies


China denies 'slanderous' economic espionage charges from US, allies

China’s Foreign Ministry said on Friday it is resolutely opposed to accusations from the United States and other allies criticizing China for economic espionage, urging Washington to withdraw its accusations.

The United States should also withdraw charges against two Chinese citizens, the ministry said, adding that China had never participated in or supported any stealing of commercial secrets and had lodged “stern representations” with Washington.

“We urge the U.S. side to immediately correct its erroneous actions and cease its slanderous smears relating to internet security,” it said, adding that it would take necessary measures to safeguard its own cybersecurity and interests.

It has long been an “open secret” that U.S. government agencies have hacked into and listening in on foreign governments, companies and individuals, the ministry added.

“The U.S. side making unwarranted criticisms of China in the name of so-called ‘cyber stealing’ is blaming others while oneself is to be blamed, and is self-deception. China absolutely cannot accept this.”

U.S. prosecutors indicted two Chinese nationals linked to China’s Ministry of State Security intelligence agency on charges of stealing confidential data from American government agencies and businesses around the world.

Prosecutors charged Zhu Hua and Zhang Shilong in hacking attacks against the U.S. Navy, the space agency NASA and the Energy Department and dozens of companies. The operation targeted intellectual property and corporate secrets to give Chinese companies an unfair competitive advantage, they said.

The pair were members of a hacking group known within the cyber security community as APT 10 and also worked for a Tianjin company Huaying Haitai Science and Technology Development, prosecutors said.

Reuters was unable to locate immediately contact details for Zhu or Zhang.

Britain, Australia and New Zealand joined the United States in slamming China over what they called a global campaign of cyber-enabled commercial intellectual property theft, signalling growing global coordination against the practice.

China’s Foreign Ministry said Britain and other countries had also made “slanderous comments” stemming from “ulterior motives”.

Five sources familiar with the attacks told Reuters the hackers breached the networks of Hewlett Packard Enterprise

and IBM, then used the access to hack into their clients’ computers. IBM said it had no evidence that sensitive data had been compromised. HPE said it could not comment.

“No country poses a broader, more severe long-term threat to our nation’s economy and cyber infrastructure than China,” FBI Director Chris Wray said at a news conference. “China’s goal, simply put, is to replace the U.S. as the world’s leading superpower, and they’re using illegal methods to get there.”

China-U.S. ties in recent months have also been affected by a protracted trade war, though there is currently a truce as both countries try and work out a resolution.

Adding to the tensions, on Thursday China denounced a new U.S. law related to Tibet.

The official China Daily wrote in an editorial on Friday that this added “additional flashpoint” to already rocky relations.

“With Washington favouring a confrontational approach aimed at maintaining its hegemony rather than a cooperative one for the common good, Beijing will have to be prepared to stand its ground and respond as necessary to safeguard its core interests.”


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, chinese, states, charges, ministry, espionage, slanderous, allies, stealing, denies, united, china, economic, cyber, security, foreign, companies


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President Trump is telling allies he wants Vice President Mike Pence to stay on the ticket in 2020

President Donald Trump has been telling his closest political advisors in recent weeks that he wants Vice President Mike Pence to be with him on the ticket in 2020, CNBC has learned. The development comes amid media speculation that Trump could ditch Pence in favor of another running mate. During a November news conference, Trump himself asked Pence if he would be his running mate. “Be assured of this, President Trump and I are going to continue to fight for what we know is right.” The vice pres


President Donald Trump has been telling his closest political advisors in recent weeks that he wants Vice President Mike Pence to be with him on the ticket in 2020, CNBC has learned. The development comes amid media speculation that Trump could ditch Pence in favor of another running mate. During a November news conference, Trump himself asked Pence if he would be his running mate. “Be assured of this, President Trump and I are going to continue to fight for what we know is right.” The vice pres
President Trump is telling allies he wants Vice President Mike Pence to stay on the ticket in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: brian schwartz, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, pence, allies, president, told, running, southern, political, vice, mike, ticket, stay, wants, telling, evangelical, trump, fundraising


President Trump is telling allies he wants Vice President Mike Pence to stay on the ticket in 2020

President Donald Trump has been telling his closest political advisors in recent weeks that he wants Vice President Mike Pence to be with him on the ticket in 2020, CNBC has learned.

The development comes amid media speculation that Trump could ditch Pence in favor of another running mate.

Trump has told confidants that he wants Pence to be his running mate in the next election, and the vice president has privately told him he’s ready to defend the administration against a likely onslaught of Democratic presidential candidates running to replace them, according to three people with direct knowledge of the matter.

During a November news conference, Trump himself asked Pence if he would be his running mate. The former Indiana governor nodded his head “yes.” However, since then, Vanity Fair reported that Trump was thinking about ditching Pence.

The latest news might not end the speculation about Pence’s fate, though, since Trump is known to change his mind without notice – as his recent search for a new chief of staff demonstrated.

Trump announced last week that Office of Management and Budget Director Mick Mulvaney will take over as acting chief of staff after he said John Kelly would leave at the end of the year. Kelly had earlier agreed to stay in the role until 2020. Trump’s decision to pick Mulvaney concluded an exhaustive search, with others such as Treasury Secretary Steven Mnuchin and former New Jersey Gov. Chris Christie under consideration. Neither Mnuchin nor Christie were interested in taking the job.

White House press secretary Sarah Huckabee Sanders and a spokeswoman for Pence did not return repeated requests for comment.

Pence’s continued presence on the Trump ticket could be critical to preserving the president’s connections to conservative and Evangelical Christians. The vice president, a born-again Christian and a former congressional lawmaker, helped Trump garner 80 percent of the white evangelical electorate during the 2016 presidential election, the highest level since 2004, when George W. Bush received their overwhelming backing.

Pence and the administration’s connection to the evangelical community was evident when he spoke at the annual Southern Baptist Convention in Dallas in June. At the event, he told a large gathering of 10,000 pastors that the Trump White House would continue to defend their religions priorities.

“This is a pivotal year in the life of our nation,” Pence said at the time. “Be assured of this, President Trump and I are going to continue to fight for what we know is right.”

Overall, the Southern Baptist denomination boasts 15 million members.

Trump has surrounded himself with conservative Christian leaders to advise him on policies that appeal to the GOP’s evangelical base. Trump has sought counsel from minister Jerry Falwell Jr., and Southern Baptist pastor Robert Jeffress.

Another asset Pence brings to the table: fundraising chops.

The vice president has his own political and fundraising operation in place to help Trump’s re-election bid. Pence’s political action committee, the Great America Committee, has raised over $4 million throughout the 2018 election cycle but spent most of it during the midterms.

Trump, on the other hand, has brought in over $100 million combined between his own campaign and the joint fundraising committees that also contribute to the Republican National Committee.

The combined Trump-Pence fundraising effort will be a tough match for any Democrat, even ones who end up snagging the backing of major party donors early in the race.


Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: brian schwartz, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, pence, allies, president, told, running, southern, political, vice, mike, ticket, stay, wants, telling, evangelical, trump, fundraising


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