We asked the Democrats running for president how they would negotiate with China on trade. Here’s what they said

China has not been forthright in even admitting that intellectual property theft and technology transfer occurs. On the intellectual property theft, we know that much of the IP theft is state-backed. We should address cybersecurity and intellectual property theft issues directly with China and use the WTO to negotiate trade disputes and establish clear enforcement mechanisms. As we press China on trade and intellectual property theft, we need to demonstrate our resolve in ways that actually help


China has not been forthright in even admitting that intellectual property theft and technology transfer occurs. On the intellectual property theft, we know that much of the IP theft is state-backed. We should address cybersecurity and intellectual property theft issues directly with China and use the WTO to negotiate trade disputes and establish clear enforcement mechanisms. As we press China on trade and intellectual property theft, we need to demonstrate our resolve in ways that actually help
We asked the Democrats running for president how they would negotiate with China on trade. Here’s what they said Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: tucker higgins
Keywords: news, cnbc, companies, practices, property, running, negotiate, democrats, wto, trade, american, president, asked, theft, rights, heres, intellectual, china, chinas


We asked the Democrats running for president how they would negotiate with China on trade. Here's what they said

China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicolas Asfouri | AFP | Getty Images

With trade negotiations between the U.S. and China stalled and an escalating trade war threatening global markets, President Donald Trump has said that the Chinese are “DREAMING” that he will be defeated by a Democrat in 2020. But Democrats have not said much about their own plans for negotiating with the Chinese. To learn more, CNBC asked the 21 top Democrats running for president about their views. We asked them what they believe is working under Trump — and what they would change. We also asked whether human rights issues in China, where the U.S. has said more than a million Muslims are held in concentration camps, should be part of any trade deal. Lastly, we asked about what they would do about China’s efforts to tighten its military grip on the South China Sea, where more than $3 trillion of trade passes annually. Below, unedited, are our questions and the answers we received from the seven Democrats who responded. Those Democrats are Sen. Bernie Sanders, I-Vt., Rep. Eric Swalwell, D-Calif., Rep. Tim Ryan, D-Ohio, former Maryland Rep. John Delaney, Rep. Seth Moulton, D-Mass., Miramar, Florida, Mayor Wayne Messam and spiritual coach Marianne Williamson. Two other Democrats provided partial responses. A spokesperson for Sen. Michael Bennet, D-Colo., provided an excerpt from the senator’s platform that is included as a response to the first question. An aide to Texas Rep. Beto O’Rourke wrote in a statement: “Holding China accountable should not come at the expense of American workers. That is why we must not settle for any deal that does not respect intellectual property, level the playing field in the Chinese market, nor end unfair trade practices. We must advance progress based on shared interests and core democratic values.” Joe Biden, the Democratic front runner, did not respond to CNBC’s survey as of publication time but has dismissed China’s economic competitiveness while on the campaign trail, earning some criticism from his fellow contenders. “China is going to eat our lunch? Come on, man,” Biden told a crowd in Iowa earlier this month. He described himself as a “fair trader” and said he has been “arguing for a long time that we should treat other countries the way in which they treat us, which is, particularly as it relates to China: If they want to trade here, they’re going to be under the same rules.” CNBC provided the questions to each campaign on May 6. What do you think is the best approach to addressing China’s practices with regard to intellectual property theft, technology transfer, industrial subsidies and other matters in which the two countries are at odds. Is it through multinational organizations like the World Trade Organization and the United Nations? Will you take any action unilaterally? If so, what action? Sanders: It is in the interests of the United States to work to strengthen institutions like the WTO and the UN rather than trying to go it alone. American concerns about China’s technology practices are shared in Europe and across the Asia-Pacific. We can place far more pressure on China to change its policies if we work together with the broader international community and the other developed economies. International institutions also offer China a template for reforming its own internal intellectual property and industrial practices. Swalwell: I’m a member of the House Permanent Select Committee on Intelligence, as well as of the Judiciary Subcommittee on Courts, Intellectual Property, and the Internet, so I’ve seen first-hand the economic espionage that China commits and the adverse impact it has on American businesses. China has not been forthright in even admitting that intellectual property theft and technology transfer occurs. Nor is China transparent on its industrial subsidies. Curbing China’s dishonest practices must be a part of any negotiation; as president, I would hold China accountable. On the intellectual property theft, we know that much of the IP theft is state-backed. In order to combat this we must take a multi-pronged approach — both defensive and offensive. We must have a strong enforcement mechanism with which to hold China accountable for their actions and continue to impose penalties when theft occurs. China has made promises to institute reforms of their policies governing IP rights, technology transfers and cyber-theft of trade secrets in the past but we know these are not being imposed. Read more: Eric Swalwell of California joins 2020 presidential race The legal and diplomatic approaches have not been completely effective, it is critical that we implement other actions such as developing early warning systems, particularly when it comes to the stealing of defense technology. This can be done through private-public partnerships. We must also be ready to take counter action when a theft is detected. It is vital that we continue to have a multinational approach to addressing these issues. We can’t go it alone; we must involve allies — and other victims of China’s practices — such as Japan, South Korea, Australia and New Zealand.

While the U.S. does not have to go through the World Trade Organization and can invoke Section 301 if they are to impose tariffs against China (even though it still has to file a simultaneous complaint with the WTO), the WTO can still be a useful partner. In fact, the WTO has an obligation to enforce the rules they have set up, otherwise it is left to the United States to impose punishment. We should hold the WTO to its obligation. It is also important that U.S. companies acknowledge when theft is occurring by China. In the past, companies have not wanted to impinge on their business with China so they’ve turned a blind eye. I would ensure that reporting this theft it is a win-win for American companies through fair trade practices. Lastly, government departments must coordinate with each other and with U.S. companies. The departments of Commerce and the Treasury, the U.S. Trade Representative and the U.S. State Department must all be aligned to tackle the problem of IP property theft in coordination with the private sector. I would continue to make sure the Justice Department brings criminal cases against the companies that violate trade agreements and steal our trade secrets and intellectual property. I would boost our Trade Representative’s investigation of China’s activities by adding more staff and funding. Ryan: When it comes to China stealing intellectual property from the United States, there is no doubt that multinational organizations need to play a part in holding them accountable. These actions are a serious national security and economic risk for the United States. At the same time, I think our government must take further action when it comes to creating safeguards against China’s actions. That is why I have cosponsored legislation the Fair Trade with China Enforcement Act, which would hold China accountable and create necessary regulations when it comes to trade with China, including prohibiting the sale of national security sensitive technology and intellectual property to China. Read more: Ohio Rep. Tim Ryan — who once tried to take down Nancy Pelosi — is running for president Delaney: China has acted like pirates, stealing intellectual property, building illegal islands, and not playing by the rules. I will build a broad coalition of U.S. allies and have a unified front against China (this will involve working with multinational organizations but also doing a lot more), I will unify our business community against these practices by preventing them from depositing intellectual property funded by taxpayers into joint ventures with China, and I will re-enter the TPP to compete with China. We can hold China accountable and have a productive relationship with them. Read more: What being a successful businessman taught Rep. John Delaney about politics Moulton: These options aren’t mutually exclusive. We should address cybersecurity and intellectual property theft issues directly with China and use the WTO to negotiate trade disputes and establish clear enforcement mechanisms. Protecting our international property is a national security issue, and we need to build a cyberwall to protect against Chinese and Russian attacks. We should start by strengthening the Cyber Threat Intelligence Integration Center created under President Obama and improve the information-sharing between the private sector and government on cyber threats. As we press China on trade and intellectual property theft, we need to demonstrate our resolve in ways that actually help American workers. Donald Trump has shown he knows nothing about trade. An initial analysis of the net effect of the tariffs is that they are costing the United States economy $1.4 billion a month, and the cost of the tariffs is being passed on to U.S. farmers, companies, and consumers. Read more: Seth Moulton is the latest Democrat running for president. Here are his biggest policy priorities, from green jobs to a public option The United States led the 15 years of negotiations that enabled China to join the WTO and we should reap the benefits of that successful diplomatic effort. Our negotiators secured unprecedented changes to China’s economic and trade policies as conditions for membership, including requiring a dramatic opening of China’s telecom, banking, and insurance sectors, along with the lowering of tariffs on key agricultural products to almost zero. The point is: WTO leverage works. China’s membership in the WTO has been a huge boon to the United States, with U.S. exports to China increasing by 500 percent and agricultural exports increasing by 1000 percent since China joined the organization. Going forward, the WTO should absolutely be involved in establishing trust in trade negotiations and in providing the mechanisms for the enforcement of trade agreements. Bennet: Instead of slapping tariffs on our allies and perpetrating a trade war, Michael believes we need to do the hard work of building coalitions to counter Chinese predatory economic practices, like intellectual property theft and economic espionage, that harm American workers, businesses, farmers, and ranchers. In order to compete with and counter an increasingly authoritarian China, Michael believes we must reinvest in our alliances, champion democratic values like the rule of law and human rights, and sharpen our efforts to combat technology threats that undermine U.S. economic and national security.

Messam: The strained trade relations between the U.S. and China is a complex issue that should be confronted with a measured and sober disposition. The combined approach of multinational organizations and unilateral action should be leveraged to protect intellectual property, technology assets, and trade secrets. Before engaging trade wars that could have detrimental impacts to American businesses and our economy, we must seek to solve our trade differences diplomatically. Where multinational organization negotiations don’t work, I would seek specific and direct trade remedies not limited to: • tariffs • blockade on imports of stolen intellectual property Read more: Little-known Florida mayor becomes the latest Democrat vying to take on Trump in 2020 Williamson: The United States Intellectual Property is some of the most valued in the world. According to the USTR, by stealing our intellectual property, China costs American businesses between $225 billion and $600 billion annually. We must use all tools at our disposal to ensure China respects intellectual property law. This will include working with and leveraging the power of the international community to make certain that China engages in fair trade. The U.S. government must also enlist the help and cooperation from American businesses to help solve this problem. Increased internal controls, more robust screening and standardized best practices will make it more difficult for Chinese agents to operate. Many opportunities are a matter of simple theft. More diligence will help curb crimes of opportunity. Lastly, a firm no nonsense stance against China on every front will be necessary to send a clear message that these practices won’t be tolerated. Should a trade deal with China address human rights issues? If not, will your administration address human rights in China and, if so, how? Sanders: Yes. Labor protections are very weak in China, and the rights of workers are an essential component of human rights. The Trump administration has proven itself indifferent to labor rights, and apparently would prefer that American workers are reduced to the position of Chinese workers, rather than that labor everywhere enjoy basic protections and strong standard of living. The Trump administration has also done nothing to pressure China over its abhorrent treatment of the Uighur and Tibetan peoples. Future trade negotiations should, for example, target American corporations that contribute surveillance technologies that enable China’s authoritarian practices. Swalwell: Yes, a trade deal must have a component to address human rights activity. We must be a model for the world and call out countries such as China that violate human rights. Ryan: Yes. As the United States negotiates any future trade deal with China, we must address the human rights violations. The actions we have seen from the Chinese government when it comes to the inhumane treatment of the ethnic minorities is inexcusable. And no future trade agreement can ignore these violations. Delaney: Human rights are a priority to the Delaney Administration.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: tucker higgins
Keywords: news, cnbc, companies, practices, property, running, negotiate, democrats, wto, trade, american, president, asked, theft, rights, heres, intellectual, china, chinas


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Cramer: Trump’s tariff threat sent investors running to domestic stocks Monday — that’s a good sign for the market

President Donald Trump’s threat to hike tariffs on Chinese goods sent investors shifting their investments into other bull sectors of the market, CNBC’s Jim Cramer said Monday. Wall Street hates tariffs and trade wars, Cramer said, but it was interesting to see the market rebound from deep declines early in the session. “Normally when the market gets hammered, people wait around for a few days before putting their money back to work. Domestic companies that saw upside from Monday’s moves include


President Donald Trump’s threat to hike tariffs on Chinese goods sent investors shifting their investments into other bull sectors of the market, CNBC’s Jim Cramer said Monday. Wall Street hates tariffs and trade wars, Cramer said, but it was interesting to see the market rebound from deep declines early in the session. “Normally when the market gets hammered, people wait around for a few days before putting their money back to work. Domestic companies that saw upside from Monday’s moves include
Cramer: Trump’s tariff threat sent investors running to domestic stocks Monday — that’s a good sign for the market Cached Page below :
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Cramer: Trump's tariff threat sent investors running to domestic stocks Monday — that's a good sign for the market

President Donald Trump’s threat to hike tariffs on Chinese goods sent investors shifting their investments into other bull sectors of the market, CNBC’s Jim Cramer said Monday.

“When the averages got hit this morning on new Chinese worries, people almost instantly pulled out their shopping lists and started buying high-quality domestic stocks that have nothing to do with the trade war,” the “Mad Money” host said. “That’s a very bullish sign.”

Wall Street hates tariffs and trade wars, Cramer said, but it was interesting to see the market rebound from deep declines early in the session.

The Dow Jones Industrial Average fell more than 470 points at the beginning of trading, but recovered much of the losses to finish about 67 points down. The S&P 500 fell under 2,800 before closing 0.45% in the red at 2,932.47. The Nasdaq Composite ended the day down 0.50%.

“Normally when the market gets hammered, people wait around for a few days before putting their money back to work. Not today,” Cramer said.

Domestic companies that saw upside from Monday’s moves included UnitedHealth Group, Kellogg, Hershey, Kimberly-Clark, Disney and McDonald’s, Cramer noted. Google’s parent Alphabet also gained 0.33% Monday after losing nearly 8% in the past five trading days.

“When money flows out of one sector, it tends to flow into another one. Sure, some of it stays on the sidelines because the market is uncertain, but most of it tries to find a new home immediately,” Cramer said.

Among Monday’s losers, shares of Apple, which has a long supply chain in China, fared relatively well, losing just 1.5%, the host said. Because the tech giant is becoming a services and consumer company, any China-related weakness looks like a speed bump, Cramer said.

“I am thrilled that [Apple CEO Tim Cook] is embracing the consumer product story because that will ultimately allow research firms to change their coverage — switching Apple from the technology universe to the consumer product universe,” he said. “That’s why Apple barely got dinged today. You put it all together and today’s rebound paints a very bullish portrait.”

Trump tweeted on Sunday that he would increase tariffs on $200 billion worth of Chinese imports to 25%, effective Friday, and tack a 25% tariff on another $325 billion worth of goods from the country in due time.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: tyler clifford
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Tech executive puts $1 million into campaign to elect vice presidents differently

Rather than have presidential candidates hand-pick their running mate, David Blake wants Americans to elect the vice president separately. A San Francisco tech executive is behind a national campaign to change the way U.S. vice presidents are selected. He believes the office of the vice president has the potential to be “a bridge between red and blue.” Goldstein said a system where the president and vice president were elected separately could “disrupt the relationship.” “It’s the sort of idea s


Rather than have presidential candidates hand-pick their running mate, David Blake wants Americans to elect the vice president separately. A San Francisco tech executive is behind a national campaign to change the way U.S. vice presidents are selected. He believes the office of the vice president has the potential to be “a bridge between red and blue.” Goldstein said a system where the president and vice president were elected separately could “disrupt the relationship.” “It’s the sort of idea s
Tech executive puts $1 million into campaign to elect vice presidents differently Cached Page below :
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Tech executive puts $1 million into campaign to elect vice presidents differently

Blake and his wife, Mikel, are co-founders of the Vice.run website, which describes itself as “an entrepreneur’s approach to changing American politics.” He’s invested $1 million of his own money in the campaign, which has pledges of support in all 50 states after being online since March.

“Our ballot is where we’ve lost the ability to express a democratic say in vice presidents,” said Blake, who co-founded education tech platform Degreed in 2012. “There’s nothing that would have to change in our Constitution or in the amendment for us to be electing the vice president in this way.”

Rather than have presidential candidates hand-pick their running mate, David Blake wants Americans to elect the vice president separately. He insists the approach is grounded legally and could bring change for the better.

A San Francisco tech executive is behind a national campaign to change the way U.S. vice presidents are selected.

David Blake, co-founder of Degreed and vice.run, is spending $1 million on a campaign to convince Americans to support having vice presidents elected separately.

A survey commissioned by Vice.run found that 53% of Americans prefer the new approach to picking the vice president while 47% want to keep the current system. A total of 1,204 registered voters were polled just before the 2018 midterm election.

“The motivations that drew me into this are hyper-partisanship and the highly divided times we’re living through,” Blake said. He believes the office of the vice president has the potential to be “a bridge between red and blue.”

As Blake sees it, the office of the vice president can have a unique and powerful role to play in effecting change, because it spans two branches of government, both legislative and executive. He noted that the office of vice president holds power to break tie votes in the Senate and is the first in line for succession as president.

“This is a movement to reclaim our 12th Amendment right,” said Blake. “How we reclaim this is through ballot access.”

The 12th Amendment provides that the Electoral College electors vote separately for president and vice president.

Adopted in 1804, the amendment reflected the emergence of major political parties and let each party pick their vice presidential candidate, with the Electoral College becoming a certifier of each of the states’ choices. By the 1960s, it became a tradition for the presidential candidate to hand-pick their running mate.

“There’s no constitutional claim to the way we do things now,” said Blake. “This is an office that has changed over time, and it’s really an opportunity for us to look at it with fresh eyes again — and how can it be a solution for this moment in time, this moment in history.”

At the same time, Blake said there’s nothing in the Constitution that requires that the president and vice president be from the same party.

Before the 12th Amendment, each state’s electors cast votes and then the top vote-getter won the presidency, and the runner-up became vice president. In a tie, the House of Representatives decided.

Constitutional experts say it would be possible to have Electoral College electors vote for a vice president who wasn’t necessarily running with a presidential candidate. Regardless, some scholars are skeptical the change would have a positive overall outcome.

“You could have a separate election, but I think it would be a terrible mistake,” said Joel Goldstein, a professor of law at Saint Louis University School of Law and author of the 2017 boo, “The White House Vice Presidency: The Path to Significance, Mondale to Biden.”

“At a time when many of governmental institutions have not been performing very well, the one that governmental institution that has made the most significant improvement … has been the vice presidency,” Goldstein said. “It has gone from being sort of the ‘fifth wheel’ of government to a close presidential adviser and troubleshooter, really beginning with the vice presidency of Walter Mondale.”

The law professor said the current system of the presidential candidate picking a running mate makes sense because they’re both mutually dependent on one another. Also, he said, they essentially have the same political interests.

Goldstein said a system where the president and vice president were elected separately could “disrupt the relationship.” Also, he believes there’s a chance they could be from different political parties, or even if from the same party, they could become rivals.

“It’s the sort of idea superficially that sounds great — let’s elect the vice president,” Goldstein added. “But then the impact is you take one of the few institutions that has had a positive trajectory the last 40 years or so, and you basically reverse all of that.”


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jeff daniels
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Josh Brown on why volatility shouldn’t scare you — even close to retirement

Too much volatility, and you’re likely to panic and make disastrous decisions during the market’s roughest environments. Not enough volatility and you’re probably not taking enough risk to earn the returns you’ll need for later. The right portfolio strategy is typically a mixture of enduring uncertainty for high returns and enjoying less uncertainty but lower returns. It only becomes a real risk if investors act on these feelings, making buy and sell decisions to alleviate mental anguish today a


Too much volatility, and you’re likely to panic and make disastrous decisions during the market’s roughest environments. Not enough volatility and you’re probably not taking enough risk to earn the returns you’ll need for later. The right portfolio strategy is typically a mixture of enduring uncertainty for high returns and enjoying less uncertainty but lower returns. It only becomes a real risk if investors act on these feelings, making buy and sell decisions to alleviate mental anguish today a
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Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: josh brown
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Josh Brown on why volatility shouldn't scare you — even close to retirement

One of the biggest misunderstandings about investing is the role that volatility plays in your portfolio.

Too much volatility, and you’re likely to panic and make disastrous decisions during the market’s roughest environments. Not enough volatility and you’re probably not taking enough risk to earn the returns you’ll need for later.

It’s counterintuitive to think about volatility as your portfolio’s best friend, but once you switch your mindset over to doing so, you’ll become a much stronger and better equipped investor.

Let’s start with the undeniable, incontrovertible fact: Risk and reward are inextricably linked. This is why stocks have returned almost double what bonds have returned over the last seven decades in the post-WWII era. This is in both nominal and real (adjusted for inflation) terms.

Stock investors are taking more risk of drawdowns and volatility than investors in Treasury bonds, and the market’s way of compensating them for that risk is long-term returns that are substantially higher. But they’re not free. Investors must endure much greater uncertainty in the stock market as the price of this outperformance.

The right portfolio strategy is typically a mixture of enduring uncertainty for high returns and enjoying less uncertainty but lower returns. A financial plan can help you figure out what blend makes the most sense given your long-term goals and short-term needs.

Let’s also consider the fact that Wall Street makes most of its money convincing investors that they can either completely contain risk or even remove it from the equation. This is very difficult to do and most investors who attempt it end up disappointed with the results. Some version of risk must always be endured in the pursuit of returns. Risk cannot be eliminated, it can only be transformed into a different type of risk.

Speaking of risk, one of the biggest problems with the way investors think about volatility is that they equate it with risk. But seeing price fluctuations in the short term only feels like risk. It only becomes a real risk if investors act on these feelings, making buy and sell decisions to alleviate mental anguish today at the expense of tomorrow.

For most individual investors, the real risk is not saving enough and not having it grow enough to cover future expenses during retirement.

If running out of money is the true risk, then anything you do today that reduces your probability of growing your nest egg is causing that risk. This means not having enough exposure to stocks while you’re young, working and able to replace lost income.

The most important lesson I’ve ever been taught is that you’re going to have financial risk regardless, so when do you want it? You want it early, and not late, in your lifetime.

Risk is the source of long-term investment returns. Being able to bear the volatility that so many others can’t sets you up to reap the rewards that risk-averse investors have taken themselves out of the running for, by swinging to cash or fleeing into Treasury bonds or hedging away all of their potential upside.

Don’t take yourself out of the running. Stay in the game and remind yourself why you’re playing in the first place.

More from Invest in You:

Check out 4 Money Lessons Everyone Should Know by Age 25 via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: josh brown
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Amazon has been quietly running an ‘Uber for trucking’ service since last year

But it also signals Amazon’s first foray into the freight brokerage space, which includes major competitors like Uber Freight, C.H. There are only “hundreds” of carriers currently using the service, as Amazon only allows approved trucking partners to participate in the program, these people said. This service, intended to better utilize our freight network, has been around in various forms for quite some time.” Uber Freight, a similar freight brokerage service, officially launched in the U.S. in


But it also signals Amazon’s first foray into the freight brokerage space, which includes major competitors like Uber Freight, C.H. There are only “hundreds” of carriers currently using the service, as Amazon only allows approved trucking partners to participate in the program, these people said. This service, intended to better utilize our freight network, has been around in various forms for quite some time.” Uber Freight, a similar freight brokerage service, officially launched in the U.S. in
Amazon has been quietly running an ‘Uber for trucking’ service since last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eugene kim
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Amazon has been quietly running an 'Uber for trucking' service since last year

A truck pulling an Amazon Prime branded cargo container waits beside the entrance gate at Amazon.com Inc.’s new fulfillment center in Kolbaskowo, Poland, on Friday, Feb. 16, 2018.

Amazon has been testing a new online service that matches truck drivers with shippers since last year, taking its first step into the lucrative online freight brokerage space, according to two people familiar with the service.

The launch of an online freight service helps Amazon better manage its existing network of carriers and expedite the cargo matching process, which remains highly inefficient with most work still being handled over the phone or by fax. But it also signals Amazon’s first foray into the freight brokerage space, which includes major competitors like Uber Freight, C.H. Robinson and XPO Logistics.

The freight.amazon.com website, which launched in 2018, allows shippers to get instant quotes on the packages they want to ship between warehouses. The service is currently in beta, and is only available for shipments between warehouses in five states — Connecticut, Maryland, New Jersey, New York and Pennsylvania — according to Amazon’s freight service website.

There are only “hundreds” of carriers currently using the service, as Amazon only allows approved trucking partners to participate in the program, these people said.

Once the requested shipment is accepted by a trucking company, details of the shipment are shared through a separate mobile app called Relay, these people said. Relay, which launched in 2017, is for truck drivers to receive additional freight information, like shipment and route tracking, as well as expedited check-in procedures at the warehouse.

In a statement to CNBC, Amazon’s representative confirmed the existence of the service, saying: “We work with many line-haul service providers in our transportation network and have long utilized them to carry loads for Amazon. This service, intended to better utilize our freight network, has been around in various forms for quite some time.”

Amazon promotes the service as a way for shippers to get easy access to its large carrier network. On its website, Amazon says, “tap into the scale of Amazon as we extend our carrier network to give you best-in-class service at great rates.”

That officially makes Amazon a freight broker that helps match shippers to trucking carriers. On the site, Amazon says it’s a licensed “freight broker.”

Uber Freight, a similar freight brokerage service, officially launched in the U.S. in 2017 and generated more than $125 million in revenue last quarter, according to Uber’s recent IPO filing. C.H. Robinson, one of the largest logistics and freight brokerage companies in the world, booked more than $16 billion in revenue in 2018.

Overall, the freight brokerage market was worth $72 billion in the U.S. in 2017, according to Uber’s filing, which cites market research firm Armstrong & Associates. It also says companies spent a total of $700 billion on trucking in the U.S. in 2017.

Amazon often launches new services without a public notice to test them before expanding more aggressively. For example, the company has hundreds of private-label brands, almost all of which launched without big public announcements.

WATCH: Uber Freight lowering trucking costs after just 20 months, says head of division


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eugene kim
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Amazon has been quietly running an ‘Uber for trucking’ service since last year

But it also signals Amazon’s first foray into the freight brokerage space, which includes major competitors like Uber Freight, C.H. There are only “hundreds” of carriers currently using the service, as Amazon only allows approved trucking partners to participate in the program, these people said. This service, intended to better utilize our freight network, has been around in various forms for quite some time.” Uber Freight, a similar freight brokerage service, officially launched in the U.S. in


But it also signals Amazon’s first foray into the freight brokerage space, which includes major competitors like Uber Freight, C.H. There are only “hundreds” of carriers currently using the service, as Amazon only allows approved trucking partners to participate in the program, these people said. This service, intended to better utilize our freight network, has been around in various forms for quite some time.” Uber Freight, a similar freight brokerage service, officially launched in the U.S. in
Amazon has been quietly running an ‘Uber for trucking’ service since last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eugene kim
Keywords: news, cnbc, companies, according, shippers, uber, freight, brokerage, truck, running, quietly, amazon, service, network, launched, trucking


Amazon has been quietly running an 'Uber for trucking' service since last year

A truck pulling an Amazon Prime branded cargo container waits beside the entrance gate at Amazon.com Inc.’s new fulfillment center in Kolbaskowo, Poland, on Friday, Feb. 16, 2018.

Amazon has been testing a new online service that matches truck drivers with shippers since last year, taking its first step into the lucrative online freight brokerage space, according to two people familiar with the service.

The launch of an online freight service helps Amazon better manage its existing network of carriers and expedite the cargo matching process, which remains highly inefficient with most work still being handled over the phone or by fax. But it also signals Amazon’s first foray into the freight brokerage space, which includes major competitors like Uber Freight, C.H. Robinson and XPO Logistics.

The freight.amazon.com website, which launched in 2018, allows shippers to get instant quotes on the packages they want to ship between warehouses. The service is currently in beta, and is only available for shipments between warehouses in five states — Connecticut, Maryland, New Jersey, New York and Pennsylvania — according to Amazon’s freight service website.

There are only “hundreds” of carriers currently using the service, as Amazon only allows approved trucking partners to participate in the program, these people said.

Once the requested shipment is accepted by a trucking company, details of the shipment are shared through a separate mobile app called Relay, these people said. Relay, which launched in 2017, is for truck drivers to receive additional freight information, like shipment and route tracking, as well as expedited check-in procedures at the warehouse.

In a statement to CNBC, Amazon’s representative confirmed the existence of the service, saying: “We work with many line-haul service providers in our transportation network and have long utilized them to carry loads for Amazon. This service, intended to better utilize our freight network, has been around in various forms for quite some time.”

Amazon promotes the service as a way for shippers to get easy access to its large carrier network. On its website, Amazon says, “tap into the scale of Amazon as we extend our carrier network to give you best-in-class service at great rates.”

That officially makes Amazon a freight broker that helps match shippers to trucking carriers. On the site, Amazon says it’s a licensed “freight broker.”

Uber Freight, a similar freight brokerage service, officially launched in the U.S. in 2017 and generated more than $125 million in revenue last quarter, according to Uber’s recent IPO filing. C.H. Robinson, one of the largest logistics and freight brokerage companies in the world, booked more than $16 billion in revenue in 2018.

Overall, the freight brokerage market was worth $72 billion in the U.S. in 2017, according to Uber’s filing, which cites market research firm Armstrong & Associates. It also says companies spent a total of $700 billion on trucking in the U.S. in 2017.

Amazon often launches new services without a public notice to test them before expanding more aggressively. For example, the company has hundreds of private-label brands, almost all of which launched without big public announcements.

WATCH: Uber Freight lowering trucking costs after just 20 months, says head of division


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eugene kim
Keywords: news, cnbc, companies, according, shippers, uber, freight, brokerage, truck, running, quietly, amazon, service, network, launched, trucking


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Are you afraid of running out of money in retirement? This score can help assess your risk

The tool is also intended to be flexible, so you can adjust certain data to see how that affects your outcome. That goes particularly for individuals who already have a high RISE score through other income sources. More from Personal Finance:Adult children are eating into parents’ retirement savings: StudyAre Americans overly confident about retirement? The tool is aimed at individuals ages 45 and up with investable assets of $75,000 to $2 million. The professional version will take more nuances


The tool is also intended to be flexible, so you can adjust certain data to see how that affects your outcome. That goes particularly for individuals who already have a high RISE score through other income sources. More from Personal Finance:Adult children are eating into parents’ retirement savings: StudyAre Americans overly confident about retirement? The tool is aimed at individuals ages 45 and up with investable assets of $75,000 to $2 million. The professional version will take more nuances
Are you afraid of running out of money in retirement? This score can help assess your risk Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lorie konish, nils hendrik mueller, cultura, getty images
Keywords: news, cnbc, companies, help, tool, income, money, score, statler, financial, social, retirement, consumers, afraid, risk, assess, version, individuals, alliance, running


Are you afraid of running out of money in retirement? This score can help assess your risk

What you will need to budget for once you retire 10:14 AM ET Wed, 27 Feb 2019 | 00:48

The tool is provided by the Alliance for Lifetime Income, a nonprofit organization backed by the financial services industry. It was developed by Milliman, a provider of actuarial products and services.

Consumers can access the tool online. After inputting factors such as the Social Security income you expect, any pension income you may have, how much you have saved and your monthly living and medical expenses, you can see how well you will fare financially in retirement.

“Based on what you put in, this is your score and means you’re going to run out of money if you live past a certain age,” said Jean Statler, executive director at the Alliance for Lifetime Income.

The information you put in is anonymous, meaning it will not be shared with other parties. The tool is also intended to be flexible, so you can adjust certain data to see how that affects your outcome.

The alliance advocates that consumers consider annuities to access guaranteed income. However, the tool itself does not steer consumers to specific investment products.

“Sometimes the answer is not an annuity,” Statler said. That goes particularly for individuals who already have a high RISE score through other income sources.

More from Personal Finance:

Adult children are eating into parents’ retirement savings: Study

Are Americans overly confident about retirement?

Expert advocates using 401(k) savings to fatten Social Security checks

Instead, the organization hopes that consumers will take away one key message from the score: “Go talk to your financial advisor,” Statler said.

The tool is aimed at individuals ages 45 and up with investable assets of $75,000 to $2 million.

The consumer-facing version of the RISE score was launched on Wednesday. A separate, financial advisor-facing version is slated to launch in May. The professional version will take more nuances of an individual’s financial picture into account, such as portfolio allocations and different kinds of annuities.

Both versions are free.

WATCH: Retiree health costs


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lorie konish, nils hendrik mueller, cultura, getty images
Keywords: news, cnbc, companies, help, tool, income, money, score, statler, financial, social, retirement, consumers, afraid, risk, assess, version, individuals, alliance, running


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Even with Biden in the race, former President Barack Obama will wait to endorse a 2020 Democrat

Former President Barack Obama is waiting to see how things play out before making any 2020 endorsement, including of Joe Biden, his two-time running mate. Obama delivered a supportive statement for his longtime friend Biden on Thursday after the former vice president made his entrance into the race official. Read more: Every Democrat wants Barack Obama’s 2020 endorsement – but Joe Biden and Kamala Harris are likely the top contenders to get it”We don’t need eight more years of Biden. Just ask Pr


Former President Barack Obama is waiting to see how things play out before making any 2020 endorsement, including of Joe Biden, his two-time running mate. Obama delivered a supportive statement for his longtime friend Biden on Thursday after the former vice president made his entrance into the race official. Read more: Every Democrat wants Barack Obama’s 2020 endorsement – but Joe Biden and Kamala Harris are likely the top contenders to get it”We don’t need eight more years of Biden. Just ask Pr
Even with Biden in the race, former President Barack Obama will wait to endorse a 2020 Democrat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: tucker higgins, cheriss may, nurphoto, getty images
Keywords: news, cnbc, companies, endorse, running, campaign, president, biden, need, democrat, barack, 2020, sen, endorsement, obamas, wait, obama, race


Even with Biden in the race, former President Barack Obama will wait to endorse a 2020 Democrat

Former President Barack Obama is waiting to see how things play out before making any 2020 endorsement, including of Joe Biden, his two-time running mate.

Obama delivered a supportive statement for his longtime friend Biden on Thursday after the former vice president made his entrance into the race official. But he is unlikely to endorse him or anyone else until the Democratic candidates have a chance to make their cases directly to the voters, a source familiar with the former president’s thinking told CNBC.

Though Obama’s reluctance is not wholly surprising, Republicans are already seizing on it as a talking point to use against the 76-year-old Pennsylvania native who is leading the race in early polling.

Read more: Every Democrat wants Barack Obama’s 2020 endorsement – but Joe Biden and Kamala Harris are likely the top contenders to get it

“We don’t need eight more years of Biden. Just ask President Obama, who isn’t even endorsing his right-hand man,” RNC Communications Director Michael Ahrens said in a statement.

Despite withholding an endorsement, Obama has said kind words about Biden. In a statement, Obama spokeswoman Katie Hill said that the former president “has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made.”

“He relied on the Vice President’s knowledge, insight, and judgment throughout both campaigns and the entire presidency. The two forged a special bond over the last 10 years and remain close today,” Hill said.

And Obama’s former advisor David Axelrod pushed back on those who expected an endorsement right out of the gate, telling Politico that the expectation was “baffling” and contrary to custom.

Biden, talking to reporters in Thursday, said he asked Obama not to endorse him.

“He wanted to make the case. He is running in this race because he believes we need to restore the soul of this nation, we need to rebuild the backbone of America, and that we need to unify and come together,” Biden’s communications director Kate Bedingfield said on MSNBC.

Still, there is some speculation that Obama could back a candidate whose campaign more closely resembles his own 2008 bid, which was at first seen as a long shot and was predicated on change.

In a 2016 interview with The New Yorker, Obama mentioned four up-and-coming Democrats that he suggested could appeal to the party’s changing demographics. Two of those Democrats, Sen. Kamala Harris of California and South Bend, Indiana Mayor Pete Buttigieg, are running for president.

And Buttigieg, who is 37, has already drawn support from top Obama fundraisers, CNBC has reported.

Meanwhile, Obama’s former staffers have fanned out among the 20 Democrats running for president.

Former Texas Rep. Beto O’Rourke’s campaign is being run by Obama’s 2012 deputy campaign manager Jennifer O’Malley Dillon.

New York Sen. Kirsten Gillibrand’s national deputy political director is a former Obama campaign advisor, as are officials working for Harris and Sen. Elizabeth Warren of Massachusetts. Meanwhile, Bill Burton, one of Obama’s first campaign advisors, has signed on to work for former Starbucks chief Howard Schultz, who has said he may run as an independent.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: tucker higgins, cheriss may, nurphoto, getty images
Keywords: news, cnbc, companies, endorse, running, campaign, president, biden, need, democrat, barack, 2020, sen, endorsement, obamas, wait, obama, race


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Joe Biden tells key supporters he is running for president as he lines up fundraising help

As he geared up to announce his expected run for the White House in 2020, former Vice President Joe Biden was working the phones as recently as a few days ago to line up fundraising support. Ed Rendell, said he recently received a call from Comcast executive David Cohen about a potential Biden fundraiser at his home in Philadelphia. Biden told Rendell “he was going to do it [run for president]. He thinks it’s the right thing to do and the right thing for the country,” Rendell told CNBC in an int


As he geared up to announce his expected run for the White House in 2020, former Vice President Joe Biden was working the phones as recently as a few days ago to line up fundraising support. Ed Rendell, said he recently received a call from Comcast executive David Cohen about a potential Biden fundraiser at his home in Philadelphia. Biden told Rendell “he was going to do it [run for president]. He thinks it’s the right thing to do and the right thing for the country,” Rendell told CNBC in an int
Joe Biden tells key supporters he is running for president as he lines up fundraising help Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: brian schwartz, brian snyder
Keywords: news, cnbc, companies, biden, run, recently, pennsylvania, rendell, tells, thing, fundraising, key, told, running, president, lines, help, right, going, supporters, joe


Joe Biden tells key supporters he is running for president as he lines up fundraising help

As he geared up to announce his expected run for the White House in 2020, former Vice President Joe Biden was working the phones as recently as a few days ago to line up fundraising support.

One of his lead backers, former Pennsylvania Gov. Ed Rendell, said he recently received a call from Comcast executive David Cohen about a potential Biden fundraiser at his home in Philadelphia. Then came the message from Biden himself late last week.

Biden told Rendell “he was going to do it [run for president]. He was going to do it with all his energy and heart. He thinks it’s the right thing to do and the right thing for the country,” Rendell told CNBC in an interview.

Biden will announce his candidacy through an online video Thursday and hold his first public event as a candidate Monday in Pittsburgh, according to a Biden aide who declined to be named. Biden represented Delaware in the U.S. Senate for more than three decades, but he routinely highlights his roots in the blue-collar Pennsylvania city of Scranton.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: brian schwartz, brian snyder
Keywords: news, cnbc, companies, biden, run, recently, pennsylvania, rendell, tells, thing, fundraising, key, told, running, president, lines, help, right, going, supporters, joe


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Cisco Systems’ stock will ‘keep running for years’: Investor

Cisco Systems’ stock will ‘keep running for years’: Investor14 Hours AgoKingsley Jones of Jevons Global weighs in on the “turnaround” in Cisco Systems. He also says it’s probably best to “stand back” from Facebook’s stock at this point.


Cisco Systems’ stock will ‘keep running for years’: Investor14 Hours AgoKingsley Jones of Jevons Global weighs in on the “turnaround” in Cisco Systems. He also says it’s probably best to “stand back” from Facebook’s stock at this point.
Cisco Systems’ stock will ‘keep running for years’: Investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16
Keywords: news, cnbc, companies, weighs, systems, stand, turnaround, point, stock, investor, probably, cisco, running, jones


Cisco Systems' stock will 'keep running for years': Investor

Cisco Systems’ stock will ‘keep running for years’: Investor

14 Hours Ago

Kingsley Jones of Jevons Global weighs in on the “turnaround” in Cisco Systems. He also says it’s probably best to “stand back” from Facebook’s stock at this point.


Company: cnbc, Activity: cnbc, Date: 2019-04-16
Keywords: news, cnbc, companies, weighs, systems, stand, turnaround, point, stock, investor, probably, cisco, running, jones


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