Look inside 6 over-the-top luxury Airbnb rentals

From a beachfront home with a private butler to a nine-bedroom mansion in Bel Air, home to A-list celebrities, here are six over-the-top rentals from Airbnb Luxe, the homeshare company’s new luxury rental extension. AirbnbThe rental comes with housekeeping, according to the listing, rates start at $1,345 a night for up to 12 guests. Casa SeptiembreIt has a heated swimming pool, outdoor bar, direct beach access and unobstructed views of the coast. The rental comes with a butler, housekeeping and


From a beachfront home with a private butler to a nine-bedroom mansion in Bel Air, home to A-list celebrities, here are six over-the-top rentals from Airbnb Luxe, the homeshare company’s new luxury rental extension. AirbnbThe rental comes with housekeeping, according to the listing, rates start at $1,345 a night for up to 12 guests. Casa SeptiembreIt has a heated swimming pool, outdoor bar, direct beach access and unobstructed views of the coast. The rental comes with a butler, housekeeping and
Look inside 6 over-the-top luxury Airbnb rentals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: jimmy im
Keywords: news, cnbc, companies, overthetop, rental, comes, airbnb, bedrooms, rentals, according, look, pool, villa, housekeeping, inside, luxury, start, outdoor, rates


Look inside 6 over-the-top luxury Airbnb rentals

Luxury travel is booming. Virtuoso, a network of luxury travel advisors, saw $26.4 billion in sales in 2018, an 11% increase from 2017, according to Skift. Exploring new destinations, crossing off bucket-list items, seeking authentic experiences and rest and relaxation are among the top reasons big spenders are traveling this year, according to a recent Virtuoso trends report. So what can you get for your money? From a beachfront home with a private butler to a nine-bedroom mansion in Bel Air, home to A-list celebrities, here are six over-the-top rentals from Airbnb Luxe, the homeshare company’s new luxury rental extension.

Private island in French Polynesia

Airbnb

You can rent the private island of Nukutepipi in French Polynesia for $144,108 a night, which is more than the most expensive resort in the world.

Airbnb

The island offers 16 bungalows with 21 bedrooms and 25 bathrooms, according to Airbnb, for a maximum of 52 guests. It comes equipped with staff, including a chef, captain, activity coordinators, doctor, housekeeping and massage therapist, according to the listing.

Airbnb

There is an outdoor hot tub, three outdoor pools, a wet bar, gym and home theater, and the island has white-sand beaches and crystal clear waters.

Airbnb

Moroccan villa near Marrakesh

Airbnb

Five miles outside Marrakesh, this six-bedroom and six-bathroom villa in Morocco has a large pool, an organic vegetable garden and orange trees, according Airbnb. The villa has arched doorways, typical of Moroccan decor, and a hammam (a traditional Turkish bath) as well as a fireplace and gym.

Airbnb

Airbnb

Every bedroom has its own bathroom, and five of the bedrooms have a balcony or terrace.

Airbnb

The rental comes with housekeeping, according to the listing, rates start at $1,345 a night for up to 12 guests.

Airbnb

Mexican beachfront villa in Puerto Vallarta

Casa Septiembre

This nine-bedroom, nine-bathroom villa is set against a quiet beach in one of the swankiest neighborhoods in Puerto Vallarta, Mexico, just a 10-minute walk to town.

Casa Septiembre

It has a heated swimming pool, outdoor bar, direct beach access and unobstructed views of the coast.

Casa Septiembre

All of the rooms have their own patio or terrace and bathroom. The villa comes with a private chef, housekeeping and butlers, according to the listing, and rates start at $1,750 per night for up to 18 guests.

Casa Septiembre

French chateau

Airbnb

This 18th-century estate that can host up to 20 guests with 10 bedrooms and eight bathrooms is located in Fontvielle, France, about an hour’s drive from Marseille, according to the Airbnb listing.

The chateau, which the listing calls “historic,” has a heated pool, a wine cave, a theater and a hammam, as well as 500 acres of land with a pond, forest and rose garden.

The rental comes with a butler, housekeeping and chef, according to the listing, with rates that start at $16,813 a night.

Airbnb

Bel Air mansion

Airbnb

For a little more than 20 grand a night, you can rent a country club mansion in Bel Air, California, a Los Angeles neighborhood known for expensive homes and famous residents like Jennifer Aniston. The home comes with a cinema that seats up to 10 people, an indoor sauna, an entertainment room with shuffleboard and an outdoor pool and hot tub, according to the listing.

Airbnb

There are nine bedrooms and 12.5 bathrooms. The master bedroom has a terrace.

Airbnb

The home is about a 20-minute drive to Santa Monica State Beach and Venice Beach, and famed Rodeo Drive is a 12-minute drive. It sleeps up to 21 guests and rates start at $21,053 a night.

Airbnb

Jungle estate in Bali

Airbnb

This thatched-roof jungle estate in Ubud, Bali has four bedrooms and five bathrooms for $595 a night.

The estate, which looks out into the jungle and mountains, has two infinity pools, an open-air kitchen and stone pathways. The rental comes with a butler, housekeeping and a chef, according to the listing.

Airbnb

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Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: jimmy im
Keywords: news, cnbc, companies, overthetop, rental, comes, airbnb, bedrooms, rentals, according, look, pool, villa, housekeeping, inside, luxury, start, outdoor, rates


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Here’s how much money the winners of this year’s NBA Finals could take home

The Golden State Warriors and Toronto Raptors face off in game one of the 2019 NBA Finals on Thursday, May 30, and the winners of the series will walk away with way more than just bragging rights. The NBA creates a “players’ pool” each season that’s split among the teams that make the playoffs and finals, and the National Basketball Players Association helps decide how it’s divvied up. This time, the pool is about $22 million, an NBPA representative confirmed to CNBC Make It. Last season, when t


The Golden State Warriors and Toronto Raptors face off in game one of the 2019 NBA Finals on Thursday, May 30, and the winners of the series will walk away with way more than just bragging rights. The NBA creates a “players’ pool” each season that’s split among the teams that make the playoffs and finals, and the National Basketball Players Association helps decide how it’s divvied up. This time, the pool is about $22 million, an NBPA representative confirmed to CNBC Make It. Last season, when t
Here’s how much money the winners of this year’s NBA Finals could take home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: shawn m carter
Keywords: news, cnbc, companies, players, heres, million, season, nba, share, money, nbpa, winners, finals, pool, player


Here's how much money the winners of this year's NBA Finals could take home

The Golden State Warriors and Toronto Raptors face off in game one of the 2019 NBA Finals on Thursday, May 30, and the winners of the series will walk away with way more than just bragging rights.

They’ll take home a nice bonus, too.

The NBA creates a “players’ pool” each season that’s split among the teams that make the playoffs and finals, and the National Basketball Players Association helps decide how it’s divvied up. This time, the pool is about $22 million, an NBPA representative confirmed to CNBC Make It.

Using data from sports website SB Nation, we crunched the numbers to provide our best estimate of how much this year’s champs could get, since the NBPA declined to share those details.

Last season, when the pool was $20 million, the winning team took home around $3.3 million, which broke down to about $220,000 per player for a 15-person roster. So using that logic, and assuming the winners’ share grows by 10%, in line with the pool’s overall increase, the winners this year could take home around $3.6 million, or $240,000 per player.


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: shawn m carter
Keywords: news, cnbc, companies, players, heres, million, season, nba, share, money, nbpa, winners, finals, pool, player


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Senate Intelligence Committee subpoenas Donald Trump Jr.

The Republican-led Senate Intelligence Committee has subpoenaed President Donald Trump’s eldest son, Donald Trump Jr., to answer questions about his claim to have just limited knowledge of an ultimately aborted plan to build a Trump Tower in Moscow, NBC News reported Wednesday. Trump Jr.’s prior testimony was called into question earlier this year by new testimony from President Trump’s former personal lawyer, Michael Cohen, who said he had briefed Trump Jr. repeatedly about the effort to develo


The Republican-led Senate Intelligence Committee has subpoenaed President Donald Trump’s eldest son, Donald Trump Jr., to answer questions about his claim to have just limited knowledge of an ultimately aborted plan to build a Trump Tower in Moscow, NBC News reported Wednesday. Trump Jr.’s prior testimony was called into question earlier this year by new testimony from President Trump’s former personal lawyer, Michael Cohen, who said he had briefed Trump Jr. repeatedly about the effort to develo
Senate Intelligence Committee subpoenas Donald Trump Jr. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: dan mangan, brian schwartz, kevin breuninger, justin lane, pool, bloomberg, getty images
Keywords: news, cnbc, companies, jr, trumps, 2016, intelligence, trump, donald, committee, meeting, subpoenas, told, senate, tower, testimony


Senate Intelligence Committee subpoenas Donald Trump Jr.

The Republican-led Senate Intelligence Committee has subpoenaed President Donald Trump’s eldest son, Donald Trump Jr., to answer questions about his claim to have just limited knowledge of an ultimately aborted plan to build a Trump Tower in Moscow, NBC News reported Wednesday.

Trump Jr.’s prior testimony was called into question earlier this year by new testimony from President Trump’s former personal lawyer, Michael Cohen, who said he had briefed Trump Jr. repeatedly about the effort to develop a Trump Tower there.

A person close to Donald Trump Jr. blasted the subpoena to CNBC as “an obvious PR stunt from a so-called ‘Republican’ senator” — Intelligence Committee Chairman Richard Burr of North Carolina — “too cowardly to stand up to his boss [committee ranking Democrat] Mark Warner and the rest of the resistance Democrats on the committee.”

That person said people should expect Trump Jr. to fight the subpoena.

Trump Jr. testified before the Senate Judiciary Committee in September 2017 that “I was peripherally aware” of an effort to build that project in Russia, which was being pursued as his father was a candidate for the Republican presidential nomination. That effort was not known to the public at the time.

A source directly familiar with the matter told NBC News that the committee also wants to ask Trump Jr. about what he has claimed to have told colleagues about the Trump Tower New York meeting in June 2016, when he, his brother-in-law Jared Kushner and campaign chairman Paul Manafort met with a Russian lawyer who purportedly had negative information about Hillary Clinton.

In his Senate judiciary testimony, Trump Jr. claimed he did not tell Manafort or Kushner what the meeting was going to be about, and further claimed he did not tell his father about the meeting at all.

But Cohen has said he recalled being in the elder Trump’s office in June 6 or 7 in 2016 when the younger Trump told his father that a meeting to obtain derogatory information about Clinton was going to happen.

And Cohen in February told a House committee that he had met with both Donald Trump Jr. and his sister, Ivanka Trump, “approximately 10” times to brief them about the Trump Tower plan.

“The company [the Trump Organization] was involved in the deal, which meant that the family was involved in the deal,” he testified.

Cohen on Monday began serving a three-year federal prison sentence after pleading guilty to crimes that included having lied to Congress in 2017 about details of the Trump Tower project.

Cohen originally falsely told Congress that the project was dropped in January 2016 — months before the elder Trump had locked up the GOP presidential nomination — when it actually had continued being pursued through June 2016, when Trump had the nomination well in hand.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: dan mangan, brian schwartz, kevin breuninger, justin lane, pool, bloomberg, getty images
Keywords: news, cnbc, companies, jr, trumps, 2016, intelligence, trump, donald, committee, meeting, subpoenas, told, senate, tower, testimony


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Twitter is proving you can monetize smaller pool of users, says CNBC’s Steve Kovach

Twitter is proving you can monetize smaller pool of users, says CNBC’s Steve Kovach18 Hours AgoSteve Kovach, CNBC’s tech editor, and CNBC’s Julia Boorstin, join “The Exchange” to discuss Twitter’s strong quarterly earnings and what it could mean for other tech stocks announcing earnings this week.


Twitter is proving you can monetize smaller pool of users, says CNBC’s Steve Kovach18 Hours AgoSteve Kovach, CNBC’s tech editor, and CNBC’s Julia Boorstin, join “The Exchange” to discuss Twitter’s strong quarterly earnings and what it could mean for other tech stocks announcing earnings this week.
Twitter is proving you can monetize smaller pool of users, says CNBC’s Steve Kovach Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, steve, week, pool, smaller, users, tech, twitters, strong, kovach, earnings, stocks, cnbcs, monetize, proving


Twitter is proving you can monetize smaller pool of users, says CNBC's Steve Kovach

Twitter is proving you can monetize smaller pool of users, says CNBC’s Steve Kovach

18 Hours Ago

Steve Kovach, CNBC’s tech editor, and CNBC’s Julia Boorstin, join “The Exchange” to discuss Twitter’s strong quarterly earnings and what it could mean for other tech stocks announcing earnings this week.


Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, steve, week, pool, smaller, users, tech, twitters, strong, kovach, earnings, stocks, cnbcs, monetize, proving


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Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering


Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering
Elon Musk says Tesla robotaxis will hit the market next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, market, robotaxis, cars, chips, selfdriving, tops, tesla, musk, elon, drivers, autopilot, teslas


Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020.

“I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. They won’t be “in all jurisdictions, because we won’t have regulatory approval everywhere, but I am confident we will have at least regulatory approval somewhere, literally next year,” he said.

Musk based his optimism on the amount of data his company is able to gather from Tesla vehicles already on the road today, which it then uses to improve its software.

All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.”

Musk also predicted that in two years, Tesla will be making cars with no steering wheels or pedals.

While the CEO repeated that Tesla will have over 1 million robotaxis on the road next year, and he expects to be “operating robotaxis next year with no one in them,” he did also warn investors, “Sometimes I am not on time, but I get it done.”

In the past, Elon Musk’s forecasts for Tesla have missed the mark. Tesla was two years late with the launch of the Model X, its first all-electric SUV. And it was two years late in delivering semi-autonomous features to eager drivers. When Tesla began to discuss its ambitions in self-driving technology in 2016, Musk said they would conduct a hands-free trip across the US by late 2017. They have yet to complete that mission.

Musk and a Tesla Director, Pete Bannon, who is a former Apple exec, showed off Tesla’s latest chips emphasizing how they were designed to process massive amounts of data quickly, without significantly heating up, or draining the vehicles’ batteries.

Bannon claimed the chips can potentially perform 7 times better than a competing product from Nvidia, in reference to its Xavier chips.

Nvidia said in a statement that Tesla misstated details about its Xavier chips, which offer 30 TOPS, a measure of processing power (not 21 TOPS as Tesla claimed). Nvidia also said Tesla’s full self-driving computers compare directly to its Drive AGX Pegasus. Tesla’s new tech can provide 144 TOPS of processing power, and the Pegasus provides 320 TOPS, Nvidia said.

New chips already in development at Tesla are likely to arrive in two years, Musk and Bannon said. The company is currently manufacturing its chips with Samsung in Austin, Texas they revealed.

Currently, Tesla offers Autopilot — an advanced driver assistance system — as a standard feature in its cars. According to the company’s website, Autopilot can automatically hold a car in its lane and accelerate or brake automatically, for example, in response to pedestrians or other cars in its way. Tesla can improve Autopilot with new features (or bug fixes) over time via over-the-air updates, as well.

In addition, Tesla sells a “Full Self-Driving,” or FSD, package for its vehicles for $5,000 or more if the software is installed after the vehicle is initially purchased.

FSD features today include “Summon,” which lets a driver call their Tesla to roll out from a parking spot to where they are standing (with no driver on board). And FSD lets drivers “Navigate on Autopilot,” automatically driving their car from a highway on-ramp to an off-ramp, making necessary lane changes along the way.

Later this year, Tesla’s website says, cars with FSD should be able to read and respond properly to traffic lights and stop signs, and drive automatically on city streets.

Even with FSD, Tesla’s cars are not considered “driverless,” meaning that they don’t meet the SAE Level 4 standard used to denote a car that could handle every aspect of driving in some conditions without any human intervention.

Tesla also cautions its drivers, “Current Autopilot features require active driver supervision and do not make the vehicle autonomous.” In other words, while tempting, drivers aren’t supposed to zone out, or drive hands-free even if they have Full Self-Driving.

Tesla and Musk have previously claimed that their cars are 40% safer than others when drivers have Autopilot engaged. A NHTSA study Tesla cited to support that claim has been debunked by independent researchers, Quality Control Systems. NHTSA has said it is reviewing QCS’ findings.

There have been at least three fatal accidents in the US involving Tesla drivers with Autopilot engaged dating back to the death of Joshua Brown in Florida in 2106.

Tesla shares barely budged during the “Autonomy Day” event, and ended down about 4% for the day.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, market, robotaxis, cars, chips, selfdriving, tops, tesla, musk, elon, drivers, autopilot, teslas


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Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering


Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering
Elon Musk says Tesla robotaxis will hit the market next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, teslas, market, tesla, elon, cars, drivers, chips, tops, selfdriving, musk, autopilot, robotaxis


Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020.

“I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. They won’t be “in all jurisdictions, because we won’t have regulatory approval everywhere, but I am confident we will have at least regulatory approval somewhere, literally next year,” he said.

Musk based his optimism on the amount of data his company is able to gather from Tesla vehicles already on the road today, which it then uses to improve its software.

All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.”

Musk also predicted that in two years, Tesla will be making cars with no steering wheels or pedals.

While the CEO repeated that Tesla will have over 1 million robotaxis on the road next year, and he expects to be “operating robotaxis next year with no one in them,” he did also warn investors, “Sometimes I am not on time, but I get it done.”

In the past, Elon Musk’s forecasts for Tesla have missed the mark. Tesla was two years late with the launch of the Model X, its first all-electric SUV. And it was two years late in delivering semi-autonomous features to eager drivers. When Tesla began to discuss its ambitions in self-driving technology in 2016, Musk said they would conduct a hands-free trip across the US by late 2017. They have yet to complete that mission.

Musk and a Tesla Director, Pete Bannon, who is a former Apple exec, showed off Tesla’s latest chips emphasizing how they were designed to process massive amounts of data quickly, without significantly heating up, or draining the vehicles’ batteries.

Bannon claimed the chips can potentially perform 7 times better than a competing product from Nvidia, in reference to its Xavier chips.

Nvidia said in a statement that Tesla misstated details about its Xavier chips, which offer 30 TOPS, a measure of processing power (not 21 TOPS as Tesla claimed). Nvidia also said Tesla’s full self-driving computers compare directly to its Drive AGX Pegasus. Tesla’s new tech can provide 144 TOPS of processing power, and the Pegasus provides 320 TOPS, Nvidia said.

New chips already in development at Tesla are likely to arrive in two years, Musk and Bannon said. The company is currently manufacturing its chips with Samsung in Austin, Texas they revealed.

Currently, Tesla offers Autopilot — an advanced driver assistance system — as a standard feature in its cars. According to the company’s website, Autopilot can automatically hold a car in its lane and accelerate or brake automatically, for example, in response to pedestrians or other cars in its way. Tesla can improve Autopilot with new features (or bug fixes) over time via over-the-air updates, as well.

In addition, Tesla sells a “Full Self-Driving,” or FSD, package for its vehicles for $5,000 or more if the software is installed after the vehicle is initially purchased.

FSD features today include “Summon,” which lets a driver call their Tesla to roll out from a parking spot to where they are standing (with no driver on board). And FSD lets drivers “Navigate on Autopilot,” automatically driving their car from a highway on-ramp to an off-ramp, making necessary lane changes along the way.

Later this year, Tesla’s website says, cars with FSD should be able to read and respond properly to traffic lights and stop signs, and drive automatically on city streets.

Even with FSD, Tesla’s cars are not considered “driverless,” meaning that they don’t meet the SAE Level 4 standard used to denote a car that could handle every aspect of driving in some conditions without any human intervention.

Tesla also cautions its drivers, “Current Autopilot features require active driver supervision and do not make the vehicle autonomous.” In other words, while tempting, drivers aren’t supposed to zone out, or drive hands-free even if they have Full Self-Driving.

Tesla and Musk have previously claimed that their cars are 40% safer than others when drivers have Autopilot engaged. A NHTSA study Tesla cited to support that claim has been debunked by independent researchers, Quality Control Systems. NHTSA has said it is reviewing QCS’ findings.

There have been at least three fatal accidents in the US involving Tesla drivers with Autopilot engaged dating back to the death of Joshua Brown in Florida in 2106.

Tesla shares barely budged during the “Autonomy Day” event, and ended down about 4% for the day.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, teslas, market, tesla, elon, cars, drivers, chips, tops, selfdriving, musk, autopilot, robotaxis


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Trump’s NAFTA changes would lead to modest boost in growth and jobs, report says

The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul. A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the t


The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul. A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the t
Trump’s NAFTA changes would lead to modest boost in growth and jobs, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, chris kleponis, pool, getty images
Keywords: news, cnbc, companies, jobs, nafta, changes, deal, auto, growth, modest, itc, trump, lead, trade, trumps, congress, revised, boost, report


Trump's NAFTA changes would lead to modest boost in growth and jobs, report says

The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. The president has spent his time in office trying to rework trade relationships with major partners, saying changes such as the ones made to NAFTA will encourage American manufacturing and job creation in the U.S.

While the ITC study shows the deal would have positive benefits for jobs and economic growth, it underscores that the deal is hardly the “largest” trade agreement ever as Trump has boasted. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul.

“The miniscule projected gains in this long-awaited official government assessment of the revised NAFTA contradict Donald Trump’s grandiose claims that it will lead to ‘cash and jobs pouring into the U.S.’ and reinforces congressional Democrats’ views that absent more improvements, the revised deal won’t stop NAFTA’s ongoing damage,” Lori Wallach, director of Public Citizen’s Global Trade Watch, said in a statement to CNBC.

A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the trade deal would create 76,000 auto jobs in the next five years, a roughly 7.5 percent increase for the industry.

Some industries cheered the ITC report — both the National Association of Manufacturers and the Computer & Communications Industry Association encouraged Congress to approve USMCA following its release.

Democrats — who hold the House and the power to slow ratification of the deal — have raised concerns about labor and environmental provisions contained in the deal. Some GOP lawmakers have also pushed Trump to drop tariffs on steel and aluminum imports from Canada and Mexico before moving forward with the agreement.

The deal would not come without its downsides for consumers. Under the provisions of the agreement, auto costs would rise and sales would fall, the ITC estimated.

— CNBC’s Mary Catherine Wellons contributed to this report

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Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, chris kleponis, pool, getty images
Keywords: news, cnbc, companies, jobs, nafta, changes, deal, auto, growth, modest, itc, trump, lead, trade, trumps, congress, revised, boost, report


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Restoration of the Notre Dame Cathedral could take years and cost upward of $1 billion, experts say

Many priceless items were saved from Notre Dame Cathedral on Monday after a massive fire tore through the structure. The restoration project could take years and likely millions more than the funds donated thus far — and is unlikely to unfold without controversy, experts say. “I would presume just because of the scale of [Notre Dame], this would be at least three to four times that,” she said. The large paintings being stored in the church suffered smoke damage, he said, and will be removed from


Many priceless items were saved from Notre Dame Cathedral on Monday after a massive fire tore through the structure. The restoration project could take years and likely millions more than the funds donated thus far — and is unlikely to unfold without controversy, experts say. “I would presume just because of the scale of [Notre Dame], this would be at least three to four times that,” she said. The large paintings being stored in the church suffered smoke damage, he said, and will be removed from
Restoration of the Notre Dame Cathedral could take years and cost upward of $1 billion, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: nadine el-bawab, christophe petit tesson, pool
Keywords: news, cnbc, companies, restoration, scale, items, cathedral, notre, upward, billion, million, dame, krusche, church, cost, experts, say


Restoration of the Notre Dame Cathedral could take years and cost upward of $1 billion, experts say

Many priceless items were saved from Notre Dame Cathedral on Monday after a massive fire tore through the structure. But the 12th century Parisian landmark itself has a long — and expensive — road ahead to full restoration.

Another half-hour and the blaze could have entirely collapsed the cathedral, French authorities told The Guardian. It left behind damages the scale of which is still unknown. The restoration project could take years and likely millions more than the funds donated thus far — and is unlikely to unfold without controversy, experts say.

Pledges toward the restoration efforts surpassed 700 million euros, or $790 million, in the first few days. But the full extent and cost of the damages remains to be seen.

Investigators haven’t been able to enter the cathedral to assess what might have caused the fire. The Paris public prosecutor’s office has stated that it appears to have been an accident, and that it has no reason to believe it was arson.

The first fire alert was sounded at 6:20 p.m. local time on Monday evening. The inferno brought as many as 400 firefighters to the scene and it was nearly 15 hours before they were able to put out the flames.

Before restoration can begin, a team of architects, engineers and preservation specialists will likely go in and assess what is there, and what needs to be replaced — stone by stone — said Kevin Murphy, a professor of humanities at Vanderbilt University.

Structural engineers will have to assess the strength of the building and scaffolding will be set up on the inside and outside of the church to ensure that it is safe for experts to go in, according to Krupali Krusche, an associate dean at the University of Notre Dame School of Architecture and expert on historical preservation.

“The assessment part takes some time — at least a year or a year and a half of assessing the project,” Krusche said.

Krusche worked on the reconstruction of the Dresden Frauenkirche, a church in Germany that was reconstructed between 1998 and 2006 after being bombed during World War II.

“Nothing remained. The whole church was completely reconstructed. The heat levels were 1,000 degrees so mostly everything burned down,” Krusche said. According to Krusche, that project cost 118 million euros, or $133 million.

“I would presume just because of the scale of [Notre Dame], this would be at least three to four times that,” she said. “This depends on the quality of the reconstruction. There are preservation techniques that allow you to get the aesthetic look but are not as expensive. The more authentic, in terms of the materials, you get the more expensive things get.”

The nearly $800 million pledged so far would provide for a good reconstruction, but an expert restoration would likely require more, Krusche said. She estimated costs could balloon to $1 billion.

There will also be much to decide in terms of restorations to be carried out on the building including which of the 19th century additions, such as the spire that was destroyed in the fire, will be replicated or replaced. Renovators will be consulting with scholars, architects and church officials in order to determine how to proceed, Murphy said.

Krusche said the consensus among experts is usually to return the building to the way it looked the day before the fire. “There will be older and newer stones with different color and that’s the historical contribution of this event,” she said.

Then there are the costs to move and restore items held within the cathedral.

Precious items including the Crown of Thorns, believed to have been placed onto Jesus’ head during the crucifixion; Le Grand Orgue, an instrument which dates back to the 1730s; and the Tunic of Saint Louis, a long garment dating to the 13th century, were all spared from the flames.

These items, along with other treasures, are now being held at the Paris City Hall, said French Culture Minister Franck Riester on Tuesday outside of the cathedral. Sixteen statues of saints were removed from the cathedral last Thursday for cleaning and therefore escaped the fire.

The rest of the treasures will be stored in the Louvre Museum as soon as they can be retrieved, Riester added. The large paintings being stored in the church suffered smoke damage, he said, and will be removed from Notre Dame on Friday morning. They will then be conserved and restored.

Not everything that was lost can be restored to exactly the way it was. France will launch an international architectural competition to design a new spire for the cathedral, Prime Minister Edouard Philippe announced Wednesday. Most notably, the roof of the cathedral that was made of wood went up in flames and suffered severe damages.

“The timber that was used [in the roof] was cut down hundreds of years ago from forests that don’t exist anymore in the quantity they would need for that huge of a structure,” Murphy highlighted. “It would be difficult if not impossible to obtain timber on the scale that was in the roof.”

On Tuesday French President Emmanuel Macron vowed to complete restoration within the next five years. Krusche thought that was feasible, assuming a team of experts as large as 100 people.

Murphy isn’t as convinced.

“If it were to be renovated in 10 years that would be ambitious,” he said.

WATCH: It could take ‘decades’ to rebuild Notre Dame, expert says


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: nadine el-bawab, christophe petit tesson, pool
Keywords: news, cnbc, companies, restoration, scale, items, cathedral, notre, upward, billion, million, dame, krusche, church, cost, experts, say


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A trade war between the US and Europe is unlikely to happen. Here’s why

Washington and Brussels have been at odds over trade since President Donald Trump was elected in 2016 and ended trade negotiations between both sides of the Atlantic. Trump has said that Europe is “possibly just as bad as China” when it comes to trade and called it a “brutal” trading partner. However, despite U.S. threats over new tariffs on Europe and the latter’s willingness to retaliate, analysts are not expecting a trade war between the economic giants for several reasons. “For us, a trade w


Washington and Brussels have been at odds over trade since President Donald Trump was elected in 2016 and ended trade negotiations between both sides of the Atlantic. Trump has said that Europe is “possibly just as bad as China” when it comes to trade and called it a “brutal” trading partner. However, despite U.S. threats over new tariffs on Europe and the latter’s willingness to retaliate, analysts are not expecting a trade war between the economic giants for several reasons. “For us, a trade w
A trade war between the US and Europe is unlikely to happen. Here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: silvia amaro, pool, getty images news, getty images
Keywords: news, cnbc, companies, trade, europe, european, unlikely, tariffs, heres, products, washington, war, trump, president, happen, goods, eu


A trade war between the US and Europe is unlikely to happen. Here's why

Washington and Brussels have been at odds over trade since President Donald Trump was elected in 2016 and ended trade negotiations between both sides of the Atlantic. Trump has said that Europe is “possibly just as bad as China” when it comes to trade and called it a “brutal” trading partner.

However, despite U.S. threats over new tariffs on Europe and the latter’s willingness to retaliate, analysts are not expecting a trade war between the economic giants for several reasons.

“For us, a trade war requires trade as a share of GDP (gross domestic product) to decline,” Ricardo Garcia, chief euro zone economist at UBS, told CNBC Tuesday, adding a “low probability” to this scenario.

“We think the EU would be in a much better position to retaliate than China and is prepared to do so in a highly targeted fashion ahead of the U.S. presidential elections in 2020,” he said.

Trump shook the European Union last year when he decided to slap tariffs on European steel and aluminium. Brussels retaliated immediately, putting duties on denim, peanut butter and other American goods. The EU also took the case to the World Trade Organization (WTO).

To bridge their differences and, above all, prevent further duties on EU goods, European Commission President Jean-Claude Juncker traveled to Washington a couple of months later. He agreed with President Trump to work together to bring existing tariffs towards zero on non-auto industrial goods; to buy more liquefied natural gas from the U.S. and to find ways to bring their standards closer together.

On Monday, the 28 European countries finally adopted a common position to negotiate trade with the U.S. The EU wants a deal “strictly focused on industrial goods,” thus excluding agricultural products – a proposal that President Trump does not like.

“They barely take our agricultural products, and yet they can sell Mercedes Benz and they can sell anything they want in our country including their farm products, and it’s not fair,” Trump said Monday, threatening to impose tariffs on European carmakers if the EU does not expand its negotiating remit.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: silvia amaro, pool, getty images news, getty images
Keywords: news, cnbc, companies, trade, europe, european, unlikely, tariffs, heres, products, washington, war, trump, president, happen, goods, eu


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Older workers are fastest-growing labor pool, and the least protected

The fastest-growing segment of the American workforce is employees age 65 and older. It is difficult for older workers to master the difficult interview process, and make discrimination claims once in a job. Older workers are encountering widespread age discrimination, according to AARP. “When it comes to age discrimination — stereotyping and comments — they seem too common.” Applicants and employees age 40 and older are protected from age discrimination in employment under the Age Discriminatio


The fastest-growing segment of the American workforce is employees age 65 and older. It is difficult for older workers to master the difficult interview process, and make discrimination claims once in a job. Older workers are encountering widespread age discrimination, according to AARP. “When it comes to age discrimination — stereotyping and comments — they seem too common.” Applicants and employees age 40 and older are protected from age discrimination in employment under the Age Discriminatio
Older workers are fastest-growing labor pool, and the least protected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-13  Authors: noah higgins-dunn, klaus tiedge blend images, getty images, -shannon liss-riordan, boston-based employment lawyer
Keywords: news, cnbc, companies, fastestgrowing, workplace, supreme, older, employment, discrimination, protected, pool, labor, workers, age, employees, way, study


Older workers are fastest-growing labor pool, and the least protected

The fastest-growing segment of the American workforce is employees age 65 and older. The reasons are many. Over the past decade, real wage growth has stagnated, pensions have disappeared, workers are delaying claiming Social Security benefits to maximize payouts, and lifespans are longer, leaving seniors worried they will burn through their retirement savings way too soon.

According to a Gallup 2018 survey of 1,015 adults age 18 and older across the United States, 41 percent of participants who are not retired plan to leave the job market at age 66 or older, a figure that has risen from 12 percent in the 1995 study and 26 percent in 2004. This number will likely keep growing.

Yet this hasn’t changed the way most companies talk about their hiring priorities.

Many firms today focus more intently on how to recruit and retain millennials, and they base success on the percentage of their workers that now come from this younger generation.

Some job postings mention a “maximum number of years experience” or use a date-of-birth dropdown menu without an applicant’s birth year listed. Words like “overqualified” can be code for too expensive. A corporate culture described as “fun” can suggest a workplace for the young. It is difficult for older workers to master the difficult interview process, and make discrimination claims once in a job.

Older workers are encountering widespread age discrimination, according to AARP. According to its 2018 Multicultural Work and Jobs Study, 61 percent of respondents over the age of 45 reported seeing or experiencing age-based discrimination in the workplace. What’s more, senior workers are in a weakened position when it comes to a crucial workplace protection based on a recent Supreme Court decision and the legal safeguards that shield against wrongful termination or demotion, like claims covered under the Civil Rights Act.

“It’s an open secret, and everyone knows it happens all the time, but few people stand up and say it’s wrong,” said Cathy Ventrell-Monsees, a senior attorney at the Equal Employment Opportunity Commission. “When it comes to age discrimination — stereotyping and comments — they seem too common.”

Applicants and employees age 40 and older are protected from age discrimination in employment under the Age Discrimination in Employment Act, or ADEA, which was created in 1967 as an extension of Title VII of the Civil Rights Act, which doesn’t cover age discrimination.

A 2009 Supreme Court ruling in “Gross v. FBL Financial Services, Inc.,” however, set a higher bar for employees to prove that age was the deciding factor in an age discrimination claim that wasn’t applied similarly to race, color, religion, sex or national origin.


Company: cnbc, Activity: cnbc, Date: 2019-04-13  Authors: noah higgins-dunn, klaus tiedge blend images, getty images, -shannon liss-riordan, boston-based employment lawyer
Keywords: news, cnbc, companies, fastestgrowing, workplace, supreme, older, employment, discrimination, protected, pool, labor, workers, age, employees, way, study


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