More than 50 companies reportedly pull production out of China due to trade war

The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. American personal computer makers HP and Dell could move up to 30% of their notebook production in China to Southeast Asia, Nikkei reported. Japan’s Nintendo is also going to pull a portion of its video game console production from China to Vietnam, according to Nikkei. Not only are foreign companies rethinking its production location, a handful of Chinese compan


The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. American personal computer makers HP and Dell could move up to 30% of their notebook production in China to Southeast Asia, Nikkei reported. Japan’s Nintendo is also going to pull a portion of its video game console production from China to Vietnam, according to Nikkei. Not only are foreign companies rethinking its production location, a handful of Chinese compan
More than 50 companies reportedly pull production out of China due to trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: yun li
Keywords: news, cnbc, companies, tariffs, chinese, pull, production, companies, china, 50, reportedly, war, according, trade, nikkei, moving


More than 50 companies reportedly pull production out of China due to trade war

The pace of companies moving production out of China is accelerating as more than 50 multinationals from Apple to Nintendo to Dell are rushing to escape the punitive tariffs placed by the U.S., according to the Nikkei Asian review.

The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. President Donald Trump is still threatening to slap duties on another $325 billion of goods. In wake of the intensifying battle, more and more companies announced plans or are considering shifting manufacturing from China.

American personal computer makers HP and Dell could move up to 30% of their notebook production in China to Southeast Asia, Nikkei reported. Apple has asked its major suppliers to assess the cost implications of moving 15% to 30% of their production capacity from China to India, according to an earlier report from the Nikkei.

Japan’s Nintendo is also going to pull a portion of its video game console production from China to Vietnam, according to Nikkei.

Not only are foreign companies rethinking its production location, a handful of Chinese companies are also leaving China. Chinese multinational electronics company TCL is moving its TV production to Vietnam, while Chinese tire maker Sailun Tire is transitioning its manufacturing line to Thailand, Nikkei reported.

The prolonged trade battle seems to be taking a toll on the Chinese economy. Data on Monday showed its economic growth slowed to 6.2% in the second quarter — the weakest rate in at least 27 years.

Trump claimed the slower growth is evidence that China is losing the trade war as the country faces an exodus of companies.

“The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal,” Trump said in a twitter post on Monday.

—Click here to read the original story from the Nikkei Asian Review.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: yun li
Keywords: news, cnbc, companies, tariffs, chinese, pull, production, companies, china, 50, reportedly, war, according, trade, nikkei, moving


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China-US trade talks reportedly slow to a standstill over Huawei

Progress on resolving the trade war is stuck in limbo until the White House determines how to address China’s demand to back off restrictions on Huawei, the Journal said , citing people familiar with the talks. There has been little public progress since President Trump and President Xi Jinping agreed to a truce at the G-20 last month. The issue of intellectual property was a key sticking point at the June international summit, despite Washington and Beijing’s agreement to restart talks. On Tues


Progress on resolving the trade war is stuck in limbo until the White House determines how to address China’s demand to back off restrictions on Huawei, the Journal said , citing people familiar with the talks. There has been little public progress since President Trump and President Xi Jinping agreed to a truce at the G-20 last month. The issue of intellectual property was a key sticking point at the June international summit, despite Washington and Beijing’s agreement to restart talks. On Tues
China-US trade talks reportedly slow to a standstill over Huawei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kate rooney
Keywords: news, cnbc, companies, talks, trump, security, reportedly, standstill, white, slow, tariffs, chinaus, president, huawei, billion, issue, chinese, trade, restrictions


China-US trade talks reportedly slow to a standstill over Huawei

Progress on resolving the trade war is stuck in limbo until the White House determines how to address China’s demand to back off restrictions on Huawei, the Journal said , citing people familiar with the talks.

There has been little public progress since President Trump and President Xi Jinping agreed to a truce at the G-20 last month. The issue of intellectual property was a key sticking point at the June international summit, despite Washington and Beijing’s agreement to restart talks. The issue over which semiconductor chips, among other products, can be sold to Huawei without security issues remains a key point of contention, according to the Journal.

On Tuesday, President Trump said “we have a long way to go as far as tariffs” and threatened to slap tariffs on another $325 billion of Chinese goods. The tariff escalation started in 2018, and the president has already put 25% levies on $250 billion of imported Chinese goods. That led to retaliation against U.S. agriculture and other imports.

The Commerce Department added Huawei, which relies on American suppliers for components and software in several of its products including smartphones, to a blacklist in May. That essentially bans American companies from doing business with the Chinese tech giant, unless they get special permission from the department. The White House declared a national emergency over the issue, citing national security threats.

The restrictions have already taken a toll on the Shenzhen-based giant. Huawei CEO and founder Ren Zhengfei said the company expects a $30 billion hit in the coming years thanks to the restrictions. The company also recently announced that it was scrapping a new laptop.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kate rooney
Keywords: news, cnbc, companies, talks, trump, security, reportedly, standstill, white, slow, tariffs, chinaus, president, huawei, billion, issue, chinese, trade, restrictions


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Europe will reportedly launch a major probe into Amazon’s business practices in days

The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case. The investigation itself does not come as a surprise, as EU Competition Commissioner Margrethe Vestager had already launched a preliminary probe into Amazon in September and was expected to announce whether a full probe would take place. The preliminary investigation focused on how Amazon uses data on its third-party mercha


The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case. The investigation itself does not come as a surprise, as EU Competition Commissioner Margrethe Vestager had already launched a preliminary probe into Amazon in September and was expected to announce whether a full probe would take place. The preliminary investigation focused on how Amazon uses data on its third-party mercha
Europe will reportedly launch a major probe into Amazon’s business practices in days Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren feiner
Keywords: news, cnbc, companies, days, office, probe, business, investigation, vestagers, european, reportedly, reported, vestager, preliminary, practices, amazon, major, launch, amazons, europe, data


Europe will reportedly launch a major probe into Amazon's business practices in days

The European Union’s antitrust chief is planning to open a formal investigation into Amazon in coming days, Bloomberg reported Tuesday, citing sources familiar with the case.

The investigation itself does not come as a surprise, as EU Competition Commissioner Margrethe Vestager had already launched a preliminary probe into Amazon in September and was expected to announce whether a full probe would take place. The preliminary investigation focused on how Amazon uses data on its third-party merchants that sell through Amazon.

Vestager explained the key questions she had about Amazon’s business model in a September interview with CNBC.

“They host a lot of little guys, and at the same time, they’re a big guy in the same market,” Vestager said. “So how do they treat the data that they get from the little guy? Does that give them an advantage that cannot be matched?”

The probe follows a crackdown on Big Tech under Vestager’s time in office. During her term, the European Commission has slapped Google with a combined $9.5 billion in antitrust fines since 2017 and authorities across the region have scrutinized Apple and Facebook for their competition and data practices. The reported Amazon investigation follows news that Vestager’s office plans to fine Qualcomm more than $1 billion for allegedly trying to prevent other chipmakers from gaining business from Apple, according to Bloomberg.

A spokesperson for the European Commission declined to comment. Amazon and did not immediately return a request for comment.

Subscribe to CNBC on YouTube.

Watch: An inside look at how Amazon Prime Now delivers food and household items in less than two hours


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren feiner
Keywords: news, cnbc, companies, days, office, probe, business, investigation, vestagers, european, reportedly, reported, vestager, preliminary, practices, amazon, major, launch, amazons, europe, data


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Schwab is reportedly in talks to buy USAA’s wealth management, brokerage units for $2 billion

Amazon is using Prime Day this year to try to win in fashionWhen you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel…Retailread more


Amazon is using Prime Day this year to try to win in fashionWhen you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel…Retailread more
Schwab is reportedly in talks to buy USAA’s wealth management, brokerage units for $2 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: yun li
Keywords: news, cnbc, companies, prime, brokerage, talks, management, day, try, billion, think, market, thinking, wealth, usaas, schwab, buy, pots, reportedly, units, win, using, amazon


Schwab is reportedly in talks to buy USAA's wealth management, brokerage units for $2 billion

Amazon is using Prime Day this year to try to win in fashion

When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel…

Retail

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: yun li
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Billionaire investor Peter Thiel reportedly says the FBI and CIA should investigate Google

Billionaire investor Peter Thiel said Sunday that the FBI and the CIA should investigate if Google has been infiltrated by Chinese intelligence, according to a report from Axios. “Number one, how many foreign intelligence agencies have infiltrated your Manhattan Project for AI (artificial intelligence)?” Thiel reportedly asked. “Number two, does Google’s senior management consider itself to have been thoroughly infiltrated by Chinese intelligence?” He said those questions “need to be asked by th


Billionaire investor Peter Thiel said Sunday that the FBI and the CIA should investigate if Google has been infiltrated by Chinese intelligence, according to a report from Axios. “Number one, how many foreign intelligence agencies have infiltrated your Manhattan Project for AI (artificial intelligence)?” Thiel reportedly asked. “Number two, does Google’s senior management consider itself to have been thoroughly infiltrated by Chinese intelligence?” He said those questions “need to be asked by th
Billionaire investor Peter Thiel reportedly says the FBI and CIA should investigate Google Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, reportedly, investigate, google, intelligence, cia, washington, fbi, thoroughly, thiel, peter, chinese, asked, infiltrated, questions, investor, billionaire


Billionaire investor Peter Thiel reportedly says the FBI and CIA should investigate Google

Billionaire investor Peter Thiel said Sunday that the FBI and the CIA should investigate if Google has been infiltrated by Chinese intelligence, according to a report from Axios.

Thiel, a Facebook board member, was speaking at the National Conservatism Conference in Washington, D.C. and his speech focused on three questions that should be presented to the tech giant, Axios said.

“Number one, how many foreign intelligence agencies have infiltrated your Manhattan Project for AI (artificial intelligence)?” Thiel reportedly asked. “Number two, does Google’s senior management consider itself to have been thoroughly infiltrated by Chinese intelligence?”

He said those questions “need to be asked by the FBI, by the CIA.”


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, reportedly, investigate, google, intelligence, cia, washington, fbi, thoroughly, thiel, peter, chinese, asked, infiltrated, questions, investor, billionaire


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Huawei reportedly plans to lay off hundreds of employees in the US

Overall, Huawei has about 1,500 employs in the U.S. who mainly sell equipment to rural wireless carriers. The blacklist has hit Huawei hard. President Donald Trump, however, agreed to ease restrictions on Huawei and let U.S. companies do business with it so long as national security is not jeopardized. White House economic advisor Larry Kudlow has made clear that Trump was not granting Huawei a general amnesty. Rather, Commerce will simply grant more licenses to U.S. companies who want to do bus


Overall, Huawei has about 1,500 employs in the U.S. who mainly sell equipment to rural wireless carriers. The blacklist has hit Huawei hard. President Donald Trump, however, agreed to ease restrictions on Huawei and let U.S. companies do business with it so long as national security is not jeopardized. White House economic advisor Larry Kudlow has made clear that Trump was not granting Huawei a general amnesty. Rather, Commerce will simply grant more licenses to U.S. companies who want to do bus
Huawei reportedly plans to lay off hundreds of employees in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-14  Authors: spencer kimball
Keywords: news, cnbc, companies, plans, reportedly, journal, security, hundreds, employees, business, national, hit, lay, companies, restrictions, trump, huawei, long


Huawei reportedly plans to lay off hundreds of employees in the US

The layoffs are expected to hit Huawei’s U.S. development subsidiary Futurewei, according to the Journal. Futurewei employs 850 people in research labs throughout the U.S., including Texas, California and Washington state. Overall, Huawei has about 1,500 employs in the U.S. who mainly sell equipment to rural wireless carriers. Although the exact number of layoffs was unclear, a person familiar with the matter told the Journal that hundreds of people were expected to lose their jobs.

The Trump administration declared a national emergency in May over threats to national security and the Commerce Department added Huawei to a blacklist, which effectively bars U.S. companies from doing business with Huawei unless they receive special permission from Commerce.

The blacklist has hit Huawei hard. CEO and founder Ren Zhengfei said the company expects a $30 billion hit over the next couple years due to the U.S. restrictions. Huawei also recently announced that it was scrapping a new laptop.

President Donald Trump, however, agreed to ease restrictions on Huawei and let U.S. companies do business with it so long as national security is not jeopardized. That concession came as part of a truce reached by Trump and Chinese President Xi Jinping at the G-20 in Japan last month to restart trade talks and avoid further escalation for now.

White House economic advisor Larry Kudlow has made clear that Trump was not granting Huawei a general amnesty. Rather, Commerce will simply grant more licenses to U.S. companies who want to do business with Huawei so long as their are no national security concerns.

Read the full story in The Wall Street Journal


Company: cnbc, Activity: cnbc, Date: 2019-07-14  Authors: spencer kimball
Keywords: news, cnbc, companies, plans, reportedly, journal, security, hundreds, employees, business, national, hit, lay, companies, restrictions, trump, huawei, long


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Trump reportedly backing down from census citizenship question fight

President Donald Trump boards Air Force One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey, July 7, 2019. President Donald Trump will no longer seek to include a citizenship question on the 2020 census, backing down from the high-profile legal battle in a rare concession of defeat, multiple outlets reported on Thursday. One of those next steps will include seeking citizenship information via other means, an administration source told NBC News. Despite that ru


President Donald Trump boards Air Force One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey, July 7, 2019. President Donald Trump will no longer seek to include a citizenship question on the 2020 census, backing down from the high-profile legal battle in a rare concession of defeat, multiple outlets reported on Thursday. One of those next steps will include seeking citizenship information via other means, an administration source told NBC News. Despite that ru
Trump reportedly backing down from census citizenship question fight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: tucker higgins
Keywords: news, cnbc, companies, trump, question, fight, citizenship, president, legal, include, ruling, backing, census, reportedly, steps, reported


Trump reportedly backing down from census citizenship question fight

President Donald Trump boards Air Force One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey, July 7, 2019.

President Donald Trump will no longer seek to include a citizenship question on the 2020 census, backing down from the high-profile legal battle in a rare concession of defeat, multiple outlets reported on Thursday.

The president is expected to announce his next steps at a news conference later Thursday. One of those next steps will include seeking citizenship information via other means, an administration source told NBC News. ABC News first reported on the president’s change of plans.

Asked how the president would obtain that information, a White House spokesman said: “Waiting on POTUS announcement…”

Read more: Why Trump probably won’t be able to add the citizenship question to the census using executive action

Advocacy groups and a number of Democratic-led states challenged Commerce Secretary Wilbur Ross’s decision to add the question to the census in a series of legal battles last year. Critics of the question, citing government experts, said the inclusion of the question would result in less accurate data and undercount minority groups, including Hispanics.

Those legal challenges culminated in a Supreme Court ruling late last month that effectively blocked the question, with Chief Justice John Roberts penning the 5-4 opinion on behalf of himself and the court’s liberal wing.

Despite that ruling, Trump vowed to push on. After the Justice Department said earlier this month that the census would be printed without the question included, Trump declared the announcement fake news. Attorney General William Barr said earlier this week that he believed the administration could find a legal way to include the question on the census.

The Constitution requires the census to be taken once every ten years. The data from the survey is used to allocate hundreds of billions of dollars of federal funding and representation in Congress.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: tucker higgins
Keywords: news, cnbc, companies, trump, question, fight, citizenship, president, legal, include, ruling, backing, census, reportedly, steps, reported


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Billionaire James Dyson reportedly buys $54 million penthouse in Singapore

The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners. The Business Times did not specify its sources, b


The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners. The Business Times did not specify its sources, b
Billionaire James Dyson reportedly buys $54 million penthouse in Singapore Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: huileng tan
Keywords: news, cnbc, companies, 54, james, wife, reportedly, million, singapore, dyson, wednesdaythe, buys, newspaper, business, penthouse, billionaire, records, times, wire


Billionaire James Dyson reportedly buys $54 million penthouse in Singapore

The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building.

British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday.

The privately held company Dyson founded is known for selling $400 hair dryers and sleekly designed vacuum cleaners.

The Business Times did not specify its sources, but local newspaper The Straits Times said it had reviewed documents revealing the purchase.

Official title records seen by Reuters show billionaire Dyson and his wife became tenants of the 99-year leasehold property on June 20. The records did not state the price paid, the wire said.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: huileng tan
Keywords: news, cnbc, companies, 54, james, wife, reportedly, million, singapore, dyson, wednesdaythe, buys, newspaper, business, penthouse, billionaire, records, times, wire


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There’s a strange phenomenon reportedly influencing the direction of the stock market each day

One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes for long periods of time, but then exasperating sudden volatile moves in the market. Although the data can be hard to come by, some Wall Street analysts are using their estimates of dealers’ gamma exposure to predict the market direction. “A lot of volatility traders or market makers at big banks, th


One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes for long periods of time, but then exasperating sudden volatile moves in the market. Although the data can be hard to come by, some Wall Street analysts are using their estimates of dealers’ gamma exposure to predict the market direction. “A lot of volatility traders or market makers at big banks, th
There’s a strange phenomenon reportedly influencing the direction of the stock market each day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: yun li
Keywords: news, cnbc, companies, hedge, phenomenon, strange, day, big, nathan, traders, theres, gamma, direction, influencing, reportedly, wall, market, street, options, stock, puts


There's a strange phenomenon reportedly influencing the direction of the stock market each day

These days it’s not strange to see the market going from a long period of serenity to complete chaos in the blink of an eye. One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes for long periods of time, but then exasperating sudden volatile moves in the market.

Institutional investors such as pension funds are increasingly drawn to low-volatility strategies, those using options markets to ward off steep losses and deliver stable income. Whenever they buy or sell an option, their brokers have to hedge their positions by trading in the opposite direction, and market players said the amount of such hedging has now become vast enough to dampen stock market volatility for extended periods.

“All these strategies exist now where pension funds and big funds just want to sell down-side puts.They are constantly selling puts, meaning the dealers are buying the puts and they are also buying the stocks,” said Dan Nathan, principal at Risk Reversal Advisors.

“They know there is a high probability of a small gain and a low probability of a big loss, so this has become a strategy that they are just willing to do — selling downside puts,” Nathan said.

The Greek letter gamma refers to the speed in which the price of an option changes. Although the data can be hard to come by, some Wall Street analysts are using their estimates of dealers’ gamma exposure to predict the market direction.

The WSJ found Charlie McElligott, cross-asset strategist at Nomura, who was sending clients data on dealer positioning daily.

“There is just monster notional gamma at upside strikes in SPX / consolidated SPY options which acts to ‘pull’ us higher,” McElligott said in a note to client on Wednesday.

However, traders can sometimes find themselves in a gamma trap when the hedging exacerbates losses as stocks drop dramatically.

“We have seen this play out many times,” Jon Najarian, co-founder of Najarian Family Partners, told CNBC. “When the market responds to positive or negative news and makes an outsized move, those that sold those calls or puts have to chase prices higher as they try to mitigate losses.”

The phenomenon can also explain the common moves off the lows into the close, according to Nathan.

“A lot of volatility traders or market makers at big banks, they may not hedge their gamma until the end of the day. Because they came in with a certain amount of exposure and if the market had a big move and that gives them this opportunity to hedge their delta and gamma and they’ll do that maybe in the last hour of the day,” Nathan said.

— Click here to read the Wall Street Journal story.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: yun li
Keywords: news, cnbc, companies, hedge, phenomenon, strange, day, big, nathan, traders, theres, gamma, direction, influencing, reportedly, wall, market, street, options, stock, puts


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Donald Trump Jr. bought this $4.4 million mansion in the Hamptons — take a look inside

Donald Trump Jr., President Donald Trump’s oldest son, bought a home in the Hamptons with his girlfriend, former Fox News host Kimberly Guilfoyle, according to Variety. Trump reportedly paid $4.4 million for the house. Corcoran, the real estate agency handling the listing, declined to comment on the closing price of the property, but it was originally listed for just under $4.5 million. The home is in tony Bridgehampton, where Bethenny Frankel, star of Bravo’s “Real Housewives of New York City,”


Donald Trump Jr., President Donald Trump’s oldest son, bought a home in the Hamptons with his girlfriend, former Fox News host Kimberly Guilfoyle, according to Variety. Trump reportedly paid $4.4 million for the house. Corcoran, the real estate agency handling the listing, declined to comment on the closing price of the property, but it was originally listed for just under $4.5 million. The home is in tony Bridgehampton, where Bethenny Frankel, star of Bravo’s “Real Housewives of New York City,”
Donald Trump Jr. bought this $4.4 million mansion in the Hamptons — take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: jimmy im
Keywords: news, cnbc, companies, million, star, york, variety, jr, bought, 44, real, tony, son, mansion, hamptons, inside, reportedly, trumps, trump, look, donald


Donald Trump Jr. bought this $4.4 million mansion in the Hamptons — take a look inside

Donald Trump Jr., President Donald Trump’s oldest son, bought a home in the Hamptons with his girlfriend, former Fox News host Kimberly Guilfoyle, according to Variety. Trump reportedly paid $4.4 million for the house.

Corcoran, the real estate agency handling the listing, declined to comment on the closing price of the property, but it was originally listed for just under $4.5 million.

The home is in tony Bridgehampton, where Bethenny Frankel, star of Bravo’s “Real Housewives of New York City,” has also owned properties.

Take a look.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: jimmy im
Keywords: news, cnbc, companies, million, star, york, variety, jr, bought, 44, real, tony, son, mansion, hamptons, inside, reportedly, trumps, trump, look, donald


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