The end of the GE ‘apocalypse’ is here, analyst says

General Electric’s stock is up more 17 percent to start this year and one Wall Street firm says the “end of apocalypse scenarios” are “now at hand” for GE. “We increasingly believe GE’s risk profile is likely to significantly improve … over the next few months,” William Blair analyst Nicholas Heymann said in a note to investors. William Blair has an outperform rating on GE’s stock. The industrial conglomerate also announced Monday morning that former UBS analyst Steve Winoker is now GE’s vice pr


General Electric’s stock is up more 17 percent to start this year and one Wall Street firm says the “end of apocalypse scenarios” are “now at hand” for GE. “We increasingly believe GE’s risk profile is likely to significantly improve … over the next few months,” William Blair analyst Nicholas Heymann said in a note to investors. William Blair has an outperform rating on GE’s stock. The industrial conglomerate also announced Monday morning that former UBS analyst Steve Winoker is now GE’s vice pr
The end of the GE ‘apocalypse’ is here, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: michael sheetz
Keywords: news, cnbc, companies, ges, analyst, power, shares, ge, apocalypse, heymann, william, months, end, winoker, stock, risk, rating


The end of the GE 'apocalypse' is here, analyst says

General Electric’s stock is up more 17 percent to start this year and one Wall Street firm says the “end of apocalypse scenarios” are “now at hand” for GE.

“We increasingly believe GE’s risk profile is likely to significantly improve … over the next few months,” William Blair analyst Nicholas Heymann said in a note to investors.

GE’s biggest risks include its financial leverage and struggling power and gas business, as well as ongoing Justice Department and SEC investigations into GE’s accounting practices. Heymann said the removal of those “uncertainties” in the coming months will provide relief.

“We believe investors’ perception of GE is likely in the near term to undergo a potentially accelerated three-part transformation” of reduced risk, lowered debt and a turnaround for the power business, Heymann said.

GE shares were down 0.2 percent in Monday trading from Friday’s close of $8.94 a share. William Blair has an outperform rating on GE’s stock.

The industrial conglomerate also announced Monday morning that former UBS analyst Steve Winoker is now GE’s vice president of investor relations. Winoker had a buy rating on GE shares while he covered the stock, as he said in October that CEO Larry Culp is “key” to turning around GE’s fortunes.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: michael sheetz
Keywords: news, cnbc, companies, ges, analyst, power, shares, ge, apocalypse, heymann, william, months, end, winoker, stock, risk, rating


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Storm punishes swath of US with snow, ice and freezing rain

Virginia State Police said the driver of a military surplus vehicle was killed late Saturday after he lost control on Interstate 81 because of slick road conditions. Virginia State Police said they responded to more than 300 traffic crashes and helped nearly 200 disabled vehicles in Virginia from midnight to late Sunday afternoon. The storm knocked out power to nearly 200,000 people in Virginia and North Carolina at its height Sunday, according to PowerOutage.us. The state’s western mountains an


Virginia State Police said the driver of a military surplus vehicle was killed late Saturday after he lost control on Interstate 81 because of slick road conditions. Virginia State Police said they responded to more than 300 traffic crashes and helped nearly 200 disabled vehicles in Virginia from midnight to late Sunday afternoon. The storm knocked out power to nearly 200,000 people in Virginia and North Carolina at its height Sunday, according to PowerOutage.us. The state’s western mountains an
Storm punishes swath of US with snow, ice and freezing rain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, swath, rain, snow, punishes, region, centimeters, state, storm, freezing, maryland, virginia, ice, inches, nearly, power


Storm punishes swath of US with snow, ice and freezing rain

A winter storm that contributed to at least five deaths in the Midwest pummeled the mid-Atlantic region for a second day Sunday, bringing with it an icy mix that knocked out power, cancelled flights and contributed to hundreds of car accidents.

Virginia State Police said the driver of a military surplus vehicle was killed late Saturday after he lost control on Interstate 81 because of slick road conditions.

Police said Ronald W. Harris, 73, of Gainesville, Georgia, died after his vehicle was struck by two tractor-trailers. The two tractor-trailer drivers were taken to a hospital for injuries that were not life-threatening. The state medical examiner determined Sunday that Harris’ death was storm-related, police said.

Virginia State Police said they responded to more than 300 traffic crashes and helped nearly 200 disabled vehicles in Virginia from midnight to late Sunday afternoon.

The storm knocked out power to nearly 200,000 people in Virginia and North Carolina at its height Sunday, according to PowerOutage.us.

In North Carolina, Gov. Roy Cooper declared a state of emergency Sunday to help utility crews restore electricity more quickly after power lines fell because of freezing rain, ice and toppled trees. The state’s western mountains and foothills were hardest-hit along with the western Piedmont region and nearly 1,000 state transportation workers were called out to clear ice and snow.

The National Weather Service reported nearly a half-inch of ice in some sections of western North Carolina, leading to fallen trees and power lines but other areas of the state got mostly a cold rain or freezing precipitation.

Meanwhile, the storm caused headaches for travelers into and out of airports in the region, including more than 250 flight cancellations Sunday at the three main airports serving the nation’s capital. Washington’s Dulles International Airport tweeted that the Federal Aviation Administration had implemented a ground stop there on Sunday evening, impacting both inbound and outbound flights.

For air travelers, the Dullest airport authority subsequently tweeted tips for flying on a snow day, including frequently checking for airline flight changes and packing “patience, a good dose of snow humor & a packet of hot chocolate.”

By late Sunday afternoon, the Washington, D.C. metro area, northern Virginia and parts of Maryland had total snowfall accumulations ranging from five to eight inches (12-20 centimeters). Central Virginia, including Richmond, had much smaller accumulations — as little as one inch (2.5 centimeters)— but the snow was followed by hours of sleet and freezing rain.

Marc Chenard, a meteorologist with the Weather Prediction Center in College Park, Maryland, said parts of the region could expect snow to continue falling into Sunday evening.

“At this point, it is just going to head out to sea once it exits here this evening,” Chenard said.

Most public school systems in northern Virginia and Prince George’s County schools in suburban Maryland said classes would be cancelled Monday.

The storm also was affected parts of Maryland. In Baltimore, a man was fatally shot as he shoveled snow early Sunday morning. Police said a 43-year-old man was outside shoveling at 4:40 a.m. when an unidentified suspect shot him in the head and shoulder. The victim died at a hospital.

Meanwhile, Illinois was trying to dig out from under heavy snowfall in some areas.

Springfield’s State Journal-Register reports the state capital broke a 55-year record for daily snowfall on Saturday. It cited the National Weather Service as saying the 8.4 inches (21.3 centimeters) of snow that day in Springfield broke the previous record for a Jan. 12 in 1964 of 6.6 inches (16.7 centimeters). Some 11.5 inches (29 centimeters) of snow fell on Springfield over three days.

Among those killed in the Midwest during the storm was an Illinois state trooper struck by a car when he responded to a three-vehicle crash Saturday in suburban Chicago.

State Police Director Leo Schmitz told reporters that 34-year-old Christopher Lambert was headed home when he pulled over and got out of his squad car to respond to the accident. Schmitz said Lambert positioned his squad car to protect the other three cars and “took on the danger himself.”

For Kansas City Chiefs offensive guard Jeff Allen, there was a bright spot hen a Good Samaritan helped pull his vehicle out of the snow after he got stuck en route to Arrowhead Stadium for the divisional playoff game Saturday.

Allen said he made it on time for the Chiefs’ victory over the Indianapolis Colts because of the assistance. The man who helped Allen didn’t know he was a Chiefs player at the time.

Allen turned to Twitter to track down the Good Samaritan. When they connected Sunday morning, Allen thanked him and promised him tickets to next week’s AFC Championship game.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, swath, rain, snow, punishes, region, centimeters, state, storm, freezing, maryland, virginia, ice, inches, nearly, power


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Joe Theismann talks sports, tech & the power of the ‘superstar’ brand

Tech continues to change the way we consume and interact with sports. Viewers are now able to watch through more multiple platforms and screens, players are able to connect better with fans through social media and television networks fight for the rights to broadcast these games. All of this as sports gambling in a few more states across the country. Jon Fortt speaks with NFL Champion Joe Theismann about how technology is changing the business of branding a superstar sports figure and the way p


Tech continues to change the way we consume and interact with sports. Viewers are now able to watch through more multiple platforms and screens, players are able to connect better with fans through social media and television networks fight for the rights to broadcast these games. All of this as sports gambling in a few more states across the country. Jon Fortt speaks with NFL Champion Joe Theismann about how technology is changing the business of branding a superstar sports figure and the way p
Joe Theismann talks sports, tech & the power of the ‘superstar’ brand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: jonathan kim, jon fortt
Keywords: news, cnbc, companies, watch, tech, weekly, able, theismann, technology, talks, power, joe, fortt, superstar, television, brand, way


Joe Theismann talks sports, tech & the power of the 'superstar' brand

Tech continues to change the way we consume and interact with sports.

Viewers are now able to watch through more multiple platforms and screens, players are able to connect better with fans through social media and television networks fight for the rights to broadcast these games.

All of this as sports gambling in a few more states across the country. So where does the industry go from here?

Jon Fortt speaks with NFL Champion Joe Theismann about how technology is changing the business of branding a superstar sports figure and the way people watch sporting events.

Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt . Previous episodes of the program can be found here.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: jonathan kim, jon fortt
Keywords: news, cnbc, companies, watch, tech, weekly, able, theismann, technology, talks, power, joe, fortt, superstar, television, brand, way


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US carbon emissions see largest yearly gain in 8 years, data show

U.S. carbon dioxide (CO2) emissions saw a yearly increase of 3.4 percent in 2018, according to preliminary estimates released Tuesday. The rise represents the second-biggest yearly gain in over two decades, independent research provider the Rhodium Group said in a note. The figures are based on “preliminary power generation, natural gas, and oil consumption data.” While a record amount of coal-fired power plants were shut in 2018, emissions from the power sector grew by 1.9 percent, the note sai


U.S. carbon dioxide (CO2) emissions saw a yearly increase of 3.4 percent in 2018, according to preliminary estimates released Tuesday. The rise represents the second-biggest yearly gain in over two decades, independent research provider the Rhodium Group said in a note. The figures are based on “preliminary power generation, natural gas, and oil consumption data.” While a record amount of coal-fired power plants were shut in 2018, emissions from the power sector grew by 1.9 percent, the note sai
US carbon emissions see largest yearly gain in 8 years, data show Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: anmar frangoul, kena betancur view press, corbis news, getty images
Keywords: news, cnbc, companies, note, preliminary, carbon, yearly, 2018, natural, largest, sector, data, gain, figures, power, emissions, majority


US carbon emissions see largest yearly gain in 8 years, data show

U.S. carbon dioxide (CO2) emissions saw a yearly increase of 3.4 percent in 2018, according to preliminary estimates released Tuesday.

The rise represents the second-biggest yearly gain in over two decades, independent research provider the Rhodium Group said in a note. The figures are based on “preliminary power generation, natural gas, and oil consumption data.” The increase was only surpassed by the 2010 figures when the economy was bouncing back from the global financial crash, it said.

Breaking the figures down, the transportation sector remained the largest source of emissions in the U.S. for the third year in a row, with “robust growth in demand” for both diesel and jet fuel offsetting a “modest” drop in gasoline consumption.

While a record amount of coal-fired power plants were shut in 2018, emissions from the power sector grew by 1.9 percent, the note said. This was down to natural gas replacing the majority of this lost generation and feeding the majority of growth in electricity demand.

The buildings and industrial sectors also showed “big year-on-year emissions gains.” This was in part down to “unusually cold” weather at the beginning of 2018. The estimates in Tuesday’s note refer to energy-related CO2 emissions only.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: anmar frangoul, kena betancur view press, corbis news, getty images
Keywords: news, cnbc, companies, note, preliminary, carbon, yearly, 2018, natural, largest, sector, data, gain, figures, power, emissions, majority


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Lithium-ion battery to help power a 200-room hotel in Scotland

A hotel in Scotland has started to use a lithium-ion battery to help power its operations. The Edinburgh Park hotel, a 200-room Premier Inn in Edinburgh, is trialing the 100-kilowatt battery with the aim of better managing its energy consumption. In a statement Friday, the firm said the Edinburgh site was chosen to trial the battery “in part because Scotland is a large producer of renewable power, such as wind power, which can be prone to volatility.” The Premier Inn brand is owned by hospitalit


A hotel in Scotland has started to use a lithium-ion battery to help power its operations. The Edinburgh Park hotel, a 200-room Premier Inn in Edinburgh, is trialing the 100-kilowatt battery with the aim of better managing its energy consumption. In a statement Friday, the firm said the Edinburgh site was chosen to trial the battery “in part because Scotland is a large producer of renewable power, such as wind power, which can be prone to volatility.” The Premier Inn brand is owned by hospitalit
Lithium-ion battery to help power a 200-room hotel in Scotland Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: anmar frangoul, newscast, universal images group, getty images
Keywords: news, cnbc, companies, scotland, inn, hotel, lithiumion, power, help, battery, premier, energy, edinburgh, whitbread, 200room


Lithium-ion battery to help power a 200-room hotel in Scotland

A hotel in Scotland has started to use a lithium-ion battery to help power its operations.

The Edinburgh Park hotel, a 200-room Premier Inn in Edinburgh, is trialing the 100-kilowatt battery with the aim of better managing its energy consumption.

The battery weighs around five metric tons and takes two hours to fully charge up. It has the capacity to run the site for as much as three hours.

Major energy company E.ON supplied and installed the battery technology. In a statement Friday, the firm said the Edinburgh site was chosen to trial the battery “in part because Scotland is a large producer of renewable power, such as wind power, which can be prone to volatility.”

The Premier Inn brand is owned by hospitality giant Whitbread. Other Whitbread brands include Beefeater and Brewers Fayre.

E.ON added that the installation was expected to save the hotel £20,000 ($25,345) in energy savings annually and that if it proved to be successful the trial could be extended to other Premier Inn sites.

“By adding the flexibility of battery storage we can help Whitbread to upgrade to the full-board option of drawing electricity from the grid when prices are low, storing that energy for use at peak times and having the ability to sell it back to the grid to help balance supply and demand on the network,” Richard Oakley, E.ON’s customer accounts director, said in a statement Friday.

According to the Scottish government, Scotland is home to 25 percent of Europe’s offshore wind resources. More broadly, there are more than 58,000 jobs in Scotland’s low carbon and renewable energy economy.


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: anmar frangoul, newscast, universal images group, getty images
Keywords: news, cnbc, companies, scotland, inn, hotel, lithiumion, power, help, battery, premier, energy, edinburgh, whitbread, 200room


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Google wins US approval for radar-based hand motion sensor

Alphabet’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli. The Federal Communications Commission (FCC) said in an order late on Monday that it would grant Google a waiver to operate the Soli sensors at higher power levels than currently allowed. Google says the virtual tools can approximate the precision of natural human hand motion and the sensor can be embedded in wearables, phones, computers and vehicles. In March, Google aske


Alphabet’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli. The Federal Communications Commission (FCC) said in an order late on Monday that it would grant Google a waiver to operate the Soli sensors at higher power levels than currently allowed. Google says the virtual tools can approximate the precision of natural human hand motion and the sensor can be embedded in wearables, phones, computers and vehicles. In March, Google aske
Google wins US approval for radar-based hand motion sensor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: nurphoto, getty images
Keywords: news, cnbc, companies, wins, soli, power, hand, radarbased, virtual, radar, approval, motion, fcc, sensors, google, levels, sensor


Google wins US approval for radar-based hand motion sensor

Alphabet’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli.

The Federal Communications Commission (FCC) said in an order late on Monday that it would grant Google a waiver to operate the Soli sensors at higher power levels than currently allowed. The FCC said the sensors can also be operated aboard aircraft.

The FCC said the decision “will serve the public interest by providing for innovative device control features using touchless hand gesture technology.”

A Google spokeswoman did not immediately comment on Tuesday, citing the New Year’s Day holiday.

The FCC said the Soli sensor captures motion in a three-dimensional space using a radar beam to enable touchless control of functions or features that can benefit users with mobility or speech impairments.

Google says the sensor can allow users to press an invisible button between the thumb and index fingers or a virtual dial that turns by rubbing a thumb against the index finger.

The company says that “even though these controls are virtual, the interactions feel physical and responsive” as feedback is generated by the haptic sensation of fingers touching.

Google says the virtual tools can approximate the precision of natural human hand motion and the sensor can be embedded in wearables, phones, computers and vehicles.

In March, Google asked the FCC to allow its short-range interactive motion sensing Soli radar to operate in the 57- to 64-GHz frequency band at power levels consistent with European Telecommunications Standards Institute standards.

Facebook raised concerns with the FCC that the Soli sensors operating in the spectrum band at higher power levels might have issues coexisting with other technologies.

After discussions, Google and Facebook jointly told the FCC in September that they agreed the sensors could operate at higher than currently allowed power levels without interference but at lower levels than previously proposed by Google.

Facebook told the FCC in September that it expected a “variety of use cases to develop with respect to new radar devices, including Soli.”

The Soli devices can be operated aboard aircraft but must still comply with Federal Aviation Administration rules governing portable electronic devices.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: nurphoto, getty images
Keywords: news, cnbc, companies, wins, soli, power, hand, radarbased, virtual, radar, approval, motion, fcc, sensors, google, levels, sensor


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PG&E could face charges in California wildfires

California’s attorney general has told a federal judge it’s possible the state’s largest power utility, Pacific Gas & Electric, could face charges up to murder if investigators find reckless operation of power equipment caused any deadly wildfires in the past two years. The Sacramento Bee reports the brief is purely advisory, and any criminal charges would most likely be filed by county district attorneys, not the state. The opinion was submitted to a judge overseeing a criminal case involving a


California’s attorney general has told a federal judge it’s possible the state’s largest power utility, Pacific Gas & Electric, could face charges up to murder if investigators find reckless operation of power equipment caused any deadly wildfires in the past two years. The Sacramento Bee reports the brief is purely advisory, and any criminal charges would most likely be filed by county district attorneys, not the state. The opinion was submitted to a judge overseeing a criminal case involving a
PG&E could face charges in California wildfires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: josh edelson, afp, getty images
Keywords: news, cnbc, companies, federal, opinion, power, wildfires, judge, pipeline, pge, charges, gas, face, san, california, criminal


PG&E could face charges in California wildfires

California’s attorney general has told a federal judge it’s possible the state’s largest power utility, Pacific Gas & Electric, could face charges up to murder if investigators find reckless operation of power equipment caused any deadly wildfires in the past two years.

The Sacramento Bee reports the brief is purely advisory, and any criminal charges would most likely be filed by county district attorneys, not the state.

The opinion was submitted to a judge overseeing a criminal case involving a PG&E natural gas pipeline explosion that killed eight people in the San Francisco suburb of San Bruno in 2010.

PG&E was convicted of violating federal pipeline safety laws, and the judge asked for the attorney general’s opinion on whether any wildfires constitute a probation violation.

The company has until Monday to file its response.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: josh edelson, afp, getty images
Keywords: news, cnbc, companies, federal, opinion, power, wildfires, judge, pipeline, pge, charges, gas, face, san, california, criminal


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Netflix faces ‘fundamental challenge’ from Disney and WarnerMedia streaming services in 2019

Netflix will start to go head-to-head with two media giants when they launch rival video streaming services late next year, Los Angeles Times’ Stephen Battaglio told CNBC on Monday. “The test will begin in 2019, when you have Disney launching an over-the-top streaming service and WarnerMedia launching an over-the-top streaming service,” the media reporter said on “Power Lunch.” “Its global presence, … the scale of its offering and exclusivity of its offering — I think all of that allows Netfli


Netflix will start to go head-to-head with two media giants when they launch rival video streaming services late next year, Los Angeles Times’ Stephen Battaglio told CNBC on Monday. “The test will begin in 2019, when you have Disney launching an over-the-top streaming service and WarnerMedia launching an over-the-top streaming service,” the media reporter said on “Power Lunch.” “Its global presence, … the scale of its offering and exclusivity of its offering — I think all of that allows Netfli
Netflix faces ‘fundamental challenge’ from Disney and WarnerMedia streaming services in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: tyler clifford
Keywords: news, cnbc, companies, streaming, company, media, battaglio, mahaney, faces, disney, fundamental, tv, 2019, warnermedia, challenge, video, power, services, content, netflix


Netflix faces 'fundamental challenge' from Disney and WarnerMedia streaming services in 2019

Netflix will start to go head-to-head with two media giants when they launch rival video streaming services late next year, Los Angeles Times’ Stephen Battaglio told CNBC on Monday.

“The test will begin in 2019, when you have Disney launching an over-the-top streaming service and WarnerMedia launching an over-the-top streaming service,” the media reporter said on “Power Lunch.”

Mark Mahaney, lead internet analyst at RBC Capital Markets, argued later on “Power Lunch” that while the competition will be a “fundamental challenge” for Netflix, it will also create an opportunity for the stock, one of his firm’s top picks for 2019.

“We think … that Netflix’s fundamentals will power through this,” Mahaney said. “Its global presence, … the scale of its offering and exclusivity of its offering — I think all of that allows Netflix to power through.”

WarnerMedia, formerly known as Time Warner before AT&T’s acquisition of the company, plans to release a streaming service in the fourth quarter of 2019 that carries movies and TV series from its Warner Bros. studio. The company owns blockbuster franchises like “Batman” and “Harry Potter,” and popular shows like “Friends” and “The Big Bang Theory.”

Disney promises to launch Disney+ next year and pull its content from Netflix. Additionally, Apple could be dropping a video streaming program in next year, and Amazon already has a presence in the on-demand video sector with Amazon Prime.

“The question is what happens when these studios decide to take their content and run them on their own streaming sites?” Battaglio said. “That gives them a lot of leverage going forward when negotiations come up again for these programs.”

After picking up $2 billion in new debt last October, Netflix said it would plan to spend on more content, production, and other acquisitions. RBC’s Mahaney noted that the company has a “pretty good track record” in funding productions.

But the streaming giant will have to answer questions about its growing debt, which Mahaney said wasn’t a major concern. Netflix reported negative free cash flow of $859 million in its third-quarter earnings release.

“We think the leverage ratios here are very reasonable by traditional media standards,” he said, adding that his firm didn’t see “anything unusual” in Netflix’s financials as it related to debt.

Porter Bibb of Mediatech Capital Partners told CNBC that Netflix will have to either build an advertisement revenue stream or, in what would likely be an unpopular move, raise its prices in order to continue financing strong programming like its latest hit “Bird Box.”

“When they have to go out and continue to pay huge amounts for top talent, they’re going to soon hit the wall,” he said, appearing on “Power Lunch” alongside LA Times’ Battaglio.

Netflix could, however, find protection in the short term because major media companies “have become accustomed” to selling their content to the streaming pioneer, Battaglio argued. Netflix has paid top dollar for rights to stream TV shows and movies from various television networks and studios, which in part propelled the company to grow a large subscriber base and reach more than $116 billion in market cap as of Monday.

“It is keeping a lot of TV programs on the air and profitable … [and] extracting a lot of value out of the libraries of TV studios,” Battaglio said. “Look at how Netflix paid $100 million for the rights to stream Friends, which you can watch free on television several times a day on a number of channels.”

Netflix’s stock has performed well in 2018, trading nearly 40 percent higher than it did at the start of the year. Shares of Disney are up more than 1 percent on the year, while AT&T has lost more than 26 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: tyler clifford
Keywords: news, cnbc, companies, streaming, company, media, battaglio, mahaney, faces, disney, fundamental, tv, 2019, warnermedia, challenge, video, power, services, content, netflix


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Transformer explosion in New York City lights up night sky

A transformer explosion at an electric power station in the New York City borough of Queens on Thursday led police officials to warn people to avoid the area, after social media users posted images of a bright light on the horizon. The Airport later said in a Twitter post some flights are not departing due to a power outage. “The light you have seen throughout the city appear to have been from a transformer explosion at a Con Edison facility in Queens,” the New York Police Department said in an


A transformer explosion at an electric power station in the New York City borough of Queens on Thursday led police officials to warn people to avoid the area, after social media users posted images of a bright light on the horizon. The Airport later said in a Twitter post some flights are not departing due to a power outage. “The light you have seen throughout the city appear to have been from a transformer explosion at a Con Edison facility in Queens,” the New York Police Department said in an
Transformer explosion in New York City lights up night sky Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: josh levin
Keywords: news, cnbc, companies, sky, lights, power, transformer, post, explosion, area, light, night, queens, electrical, twitter, york, city


Transformer explosion in New York City lights up night sky

A transformer explosion at an electric power station in the New York City borough of Queens on Thursday led police officials to warn people to avoid the area, after social media users posted images of a bright light on the horizon.

The Federal Aviation Administration instituted a groundstop at the LaGuardia Airport, according to NBC News. The Airport later said in a Twitter post some flights are not departing due to a power outage. It was not immediately clear if the two events were related.

“The light you have seen throughout the city appear to have been from a transformer explosion at a Con Edison facility in Queens,” the New York Police Department said in an advisory on Twitter to local residents.

“The fire is under control, will update as more info becomes available,” it said.

The New York Police Department’s 114th precinct, which patrols the area, said in a message on Twitter that people should avoid the area around the power plant.

Con Edison said in a Twitter post: “There was a brief electrical fire at our substation in Astoria which involved some electrical transformers and caused a transmission dip in the area. We’re currently investigating the cause of the incident.”

— CNBC contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: josh levin
Keywords: news, cnbc, companies, sky, lights, power, transformer, post, explosion, area, light, night, queens, electrical, twitter, york, city


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If forced to take sides, most countries would pick the US over China, says author

As the changing nature of the U.S.-China relationship reshapes global political and economic landscapes, many countries are wondering if they’ll eventually be forced to take sides. If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system. “In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they’ve failed to make friends. I think this is a weak


As the changing nature of the U.S.-China relationship reshapes global political and economic landscapes, many countries are wondering if they’ll eventually be forced to take sides. If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system. “In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they’ve failed to make friends. I think this is a weak
If forced to take sides, most countries would pick the US over China, says author Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: huileng tan, getty images
Keywords: news, cnbc, companies, author, china, told, friends, pick, global, howie, power, sides, countries, rise, theyve, worlds, soft, forced


If forced to take sides, most countries would pick the US over China, says author

As the changing nature of the U.S.-China relationship reshapes global political and economic landscapes, many countries are wondering if they’ll eventually be forced to take sides.

If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system.

“They’re going to go with the States,” he told CNBC on Wednesday.

Although much of Asia has become wealthier on the back of China’s economic rise since the start of the communist country’s reforms 40 years ago, the East Asian giant has not managed to grow its soft power much, Howie told CNBC’s “Street Signs.”

“In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they’ve failed to make friends. I think this is a weakness of Chinese soft power — they’ve failed to make friends and people are more nervous of China rather than friendly towards it,” he said.

China’s rise from an impoverished country to the world’s second-largest economy in the span of 40 years has emboldened the Asian country to expand its footprint economically, politically and technologically. Many see that development as a threat to the U.S. that could bring about a seismic change in the world order Washington helped shape.

“China’s goal, simply put, is to replace the U.S. as the world’s largest global superpower,” FBI Director Christopher Wray said at a press conference in December where the U.S. Justice Department announced hacking charges against two Chinese nationals.

U.S. President Donald Trump’s administration is currently locked in a bitter dispute with Beijing that has the two sides arguing over not just the tariffs and non-tariff barriers affecting the balance of trade, but also how they fundamentally treat each other’s companies.


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: huileng tan, getty images
Keywords: news, cnbc, companies, author, china, told, friends, pick, global, howie, power, sides, countries, rise, theyve, worlds, soft, forced


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