Brexit: Boris Johnson set for showdown in historic day for UK politics

Prime Minister of the United Kingdom (UK) Boris Johnson gives a press conference at European Parliament on October 17, 2019 in Brussels, Belgium. It is the greatest single restoration of national sovereignty in parliamentary history,” the prime minister added. By proxy, this would activate the “Benn Act” forcing the prime minister to request an extension to the October 31 deadline. What Johnson needsThe prime minister needs roughly 318 votes to pass the motion, but there are only 288 Conservativ


Prime Minister of the United Kingdom (UK) Boris Johnson gives a press conference at European Parliament on October 17, 2019 in Brussels, Belgium.
It is the greatest single restoration of national sovereignty in parliamentary history,” the prime minister added.
By proxy, this would activate the “Benn Act” forcing the prime minister to request an extension to the October 31 deadline.
What Johnson needsThe prime minister needs roughly 318 votes to pass the motion, but there are only 288 Conservativ
Brexit: Boris Johnson set for showdown in historic day for UK politics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: david reid, sam meredith
Keywords: news, cnbc, companies, party, prime, historic, boris, mps, lawmakers, politics, showdown, set, johnson, brexit, deal, day, vote, minister


Brexit: Boris Johnson set for showdown in historic day for UK politics

Prime Minister of the United Kingdom (UK) Boris Johnson gives a press conference at European Parliament on October 17, 2019 in Brussels, Belgium. Jean Catuffe | Getty Images News | Getty Images

LONDON — After Theresa May’s three failed attempts to win over lawmakers, current U.K. leader Boris Johnson will put his own Brexit deal to the test during a historic Saturday sitting of the British Parliament. The House of Commons began sitting from 9.30 a.m. London time and will continue “until any hour,” according to the latest agenda paper. The House is sitting on a Saturday for the first time since 1982, when the U.K. was at war with Argentina. Addressing the House prior to the vote Saturday morning, Johnson said the new deal “allows the UK whole and entire to leave the EU on October 31 in accordance with the referendum whilst simultaneously looking forward to a new partnership based on the closest ties of friendship and cooperation.” “This agreement provides for a real Brexit, taking back control of our borders, laws, money, farming, fisheries and trade. It is the greatest single restoration of national sovereignty in parliamentary history,” the prime minister added.

Aside from key changes in how Northern Ireland is treated, there appears to be little difference from May’s failed deal, but Johnson will be banking that lawmakers, tired of the Brexit deadlock, will switch to support his withdrawal deal. Some reports suggest Johnson has persuaded hardline Brexiteers that by voting for his deal, the government can keep the threat of a no-deal on the table when trade negotiations begin during the Brexit transition period. Responding to Johnson’s opening remarks, main opposition Labour Party leader Jeremy Corbyn said the new deal “risks people’s jobs, rights at work, our environment and our National Health Service.” “We must be honest about what this deal means for our manufacturing industry and people’s jobs. Not only does it reduce access to the market of our biggest trading partner, it leaves us without a customs union which will damage industries all across this country in every one of our constituencies,” Corbyn added. Corbyn also said the new arrangements would inevitably lead to a trade deal with the Trump administration, “forcing the U.K. to diverge from the highest standards and expose our families once again to chlorine-washed chicken and hormone-treated beef.” Johnson will take at least 90 minutes of questions about his talks that led to the agreement between the U.K. and 27 other EU leaders.

Amendments

Amendments to the vote have been made possible by a Commons victory on Thursday which saw remain MPs and opponents to a no-deal Brexit vote in unison. If any amendment is selected by the Speaker of the House John Bercow and approved by lawmakers, it could mean the outcome of Saturday’s vote is altered significantly. One possibility is a stiffening of existing legislation that prevents no deal at all, while another possible vote is on whether a second public referendum is needed to confirm Johnson’s Brexit deal. The most significant of these is the “Letwin amendment” which would withhold approval of the deal until the legislation is in place to enact it. By proxy, this would activate the “Benn Act” forcing the prime minister to request an extension to the October 31 deadline. Meanwhile, Sky News has reported, citing a source from Downing Street, as suggesting the government will sit out the vote on the deal, effectively cancelling it, should the Letwin amendment pass. CNBC has not been independently verify this information. The Letwin amendment is expected to curry favor with MPs who want a deal but do not trust the current government to avoid a no-deal exit by enacting the Benn Act properly. In the afternoon, the government motion is expected to ask lawmakers to approve the deal. The vote is expected to be tight with more “hard Brexit” supporters in his Conservative Party now ready to back Johnson after rejecting May. If MPs (Members of Parliament) do approve the deal unamended on Saturday, the government is expected to table the Withdrawal Agreement Bill as soon as Monday, freeing the U.K. to leave the European Union on October 31. The U.K. then enters into a transition period until the end of 2020. During this time, the EU and U.K. would attempt to resolve future trading terms. Should Johnson lose the vote, U.K. legislation means he has until 11 p.m. London time to send Brussels a letter requesting an extension to the Brexit deadline.

What Johnson needs

The prime minister needs roughly 318 votes to pass the motion, but there are only 288 Conservative Party MPs. On these calculations, which assumes all Conservatives vote for the deal, Johnson is 30 votes short. His former reliance on 10 votes from the Democratic Unionist Party (DUP) has now evaporated with the Northern Irish party, angry at the deal struck with Europe, now vowing to oppose the government. Further opposition can be expected from the Scottish National Party (SNP), Plaid Cymru (Welsh national party), Liberal Democrats, one Green Party MP and of course, the main rump of the opposition Labour Party. But all is not lost for Johnson and there are three sources he can plunder for support: Conservative rebels who the prime minister previously sacked, but haven’t yet defected to another party.

Labour lawmakers whose constituencies voted heavily to leave in the 2016 referendum.

A small number of MPs sitting as independents. Some pro-deal Labour MPs have already confirmed they will defy their party to vote with Johnson while, conversely, some rebel Conservative lawmakers are set to reject Johnson’s proposal.

Now watch: Scottish lawmaker says Johnson should be “taken out of office”


Company: cnbc, Activity: cnbc, Date: 2019-10-19  Authors: david reid, sam meredith
Keywords: news, cnbc, companies, party, prime, historic, boris, mps, lawmakers, politics, showdown, set, johnson, brexit, deal, day, vote, minister


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US futures point to slightly lower open

U.S. stock index futures were slightly lower Friday morning. ET, Dow futures dipped 35 points, indicating a negative open of more than 18 points. Futures on the S&P and Nasdaq were both marginally lower. The moves in pre-market trade come after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad. The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.


U.S. stock index futures were slightly lower Friday morning.
ET, Dow futures dipped 35 points, indicating a negative open of more than 18 points.
Futures on the S&P and Nasdaq were both marginally lower.
The moves in pre-market trade come after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad.
The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.
US futures point to slightly lower open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: sam meredith
Keywords: news, cnbc, companies, open, lower, expected, yearsthe, weakest, point, futures, war, agreement, points, worlds, slightly, trade


US futures point to slightly lower open

U.S. stock index futures were slightly lower Friday morning.

At around 03:50 a.m. ET, Dow futures dipped 35 points, indicating a negative open of more than 18 points. Futures on the S&P and Nasdaq were both marginally lower.

The moves in pre-market trade come after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad.

The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.

The downbeat data appeared to offset a global lift in market sentiment on Thursday, after the U.K. and European Union struck a long-awaited Brexit deal.

British and EU officials reached the agreement after successive days of late-night talks and almost three years of tense discussions.

British Prime Minister Boris Johnson will now attempt to persuade U.K. lawmakers to back his agreement, ahead of what is expected to be a knife-edge vote on Saturday.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: sam meredith
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Boris Johnson’s Brexit deal faces narrow defeat on Saturday, analysts warn

British Prime Minister Boris Johnson has insisted that he is “very confident” the House of Commons will support his Brexit deal on Saturday, in what is widely expected to be a historic knife-edge vote. The former London mayor secured a draft Brexit deal with the European Union on Thursday, following successive days of late-night talks and almost three years of tense discussions. Saturday’s showdown is likely to be framed as a “new deal or no deal” moment, with the prime minister acutely aware it


British Prime Minister Boris Johnson has insisted that he is “very confident” the House of Commons will support his Brexit deal on Saturday, in what is widely expected to be a historic knife-edge vote.
The former London mayor secured a draft Brexit deal with the European Union on Thursday, following successive days of late-night talks and almost three years of tense discussions.
Saturday’s showdown is likely to be framed as a “new deal or no deal” moment, with the prime minister acutely aware it
Boris Johnson’s Brexit deal faces narrow defeat on Saturday, analysts warn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: sam meredith
Keywords: news, cnbc, companies, minister, boris, analysts, trading, johnsons, johnson, warn, parliament, draft, defeat, support, faces, brexit, narrow, deal, worlds, prime


Boris Johnson's Brexit deal faces narrow defeat on Saturday, analysts warn

British Prime Minister Boris Johnson has insisted that he is “very confident” the House of Commons will support his Brexit deal on Saturday, in what is widely expected to be a historic knife-edge vote.

The former London mayor secured a draft Brexit deal with the European Union on Thursday, following successive days of late-night talks and almost three years of tense discussions.

Johnson must now persuade a majority of U.K. lawmakers to support the draft agreement if he is to take Britain out of the EU on Oct. 31 — something he has promised to deliver “do or die, come what may.”

Saturday’s showdown is likely to be framed as a “new deal or no deal” moment, with the prime minister acutely aware it will be his last chance to get Members of Parliament (MPs) to approve the deal before the Brexit deadline.

However, the parliamentary arithmetic looks daunting for Johnson after he agreed to strike a deal with the world’s largest trading bloc without the backing of the Northern Irish Democratic Unionist Party (DUP).

The DUP, which supports Johnson’s government on a confidence and supply basis, has said it will be unable to support the deal on Saturday.

The extraordinary session will mark the first time Parliament has convened on a Saturday since 1982, amid the Falklands War.

Sterling, which jumped to five-month highs on Thursday, was trading little changed at $1.2891 during Friday morning deals.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: sam meredith
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Dow futures jump after a new draft Brexit deal is reached

U.S. stock index futures spiked Thursday morning after a draft Brexit deal was struck between the European Union and the U.K.Around 5:50 a.m. Prior to the Brexit reports, futures had been trading flat to lower. Early Thursday,U.K. Prime Minister Boris Johnson said “we have a great new Brexit deal” via Twitter. Nonetheless, markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy. Global economic data poin


U.S. stock index futures spiked Thursday morning after a draft Brexit deal was struck between the European Union and the U.K.Around 5:50 a.m.
Prior to the Brexit reports, futures had been trading flat to lower.
Early Thursday,U.K. Prime Minister Boris Johnson said “we have a great new Brexit deal” via Twitter.
Nonetheless, markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy.
Global economic data poin
Dow futures jump after a new draft Brexit deal is reached Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
Keywords: news, cnbc, companies, brexit, futures, trade, european, points, deal, reports, reached, markets, economic, draft, data, jump, dow


Dow futures jump after a new draft Brexit deal is reached

U.S. stock index futures spiked Thursday morning after a draft Brexit deal was struck between the European Union and the U.K.

Around 5:50 a.m. ET, Dow futures indicating a positive open of more than 100 points. Prior to the Brexit reports, futures had been trading flat to lower. Futures on the S&P and Nasdaq were also higher.

Early Thursday,

U.K. Prime Minister Boris Johnson said “we have a great new Brexit deal” via Twitter. He called on British lawmakers to back the deal when it’s put before Parliament on Saturday. Meanwhile, European Commission President Jean-Claude Juncker tweeted that the deal was a “fair and balanced” one.

The Northern Irish Democratic Unionist Party (DUP) said earlier in the day that it could not support the British government’s Brexit plans “as it stands.”

Nonetheless, markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy. On Wednesday, unexpectedly weak U.S. retail sales data fueled fears about a possible recession.

Global economic data points to slower growth, while the U.S. manufacturing sector is already contracting. Among the greatest of the worries plaguing markets is the ongoing U.S.-China trade war.

China emphasized today that the in order for the two countries to reach a final agreement on trade. The two economic giants have been embroiled in a trade dispute for more than a year, with each country applying tariffs on billions of dollars’ worth of goods from the other.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
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In a tightly-contested race, Canada’s scandal-hit Trudeau battles to stay in power

Canadian Prime Minister Justin Trudeau addresses the media regarding photos and video that have surfaced in which he is wearing dark makeup on September 19, 2019 in Winnipeg, Canada. John Woods | Getty Images News | Getty ImagesCanadian Prime Minister Justin Trudeau appears to be on the brink of losing his parliamentary majority. Voters will head to the ballot box to elect their new prime minister on Monday, bringing an end to six weeks of campaigning that has been light on policy and heavy on p


Canadian Prime Minister Justin Trudeau addresses the media regarding photos and video that have surfaced in which he is wearing dark makeup on September 19, 2019 in Winnipeg, Canada.
John Woods | Getty Images News | Getty ImagesCanadian Prime Minister Justin Trudeau appears to be on the brink of losing his parliamentary majority.
Voters will head to the ballot box to elect their new prime minister on Monday, bringing an end to six weeks of campaigning that has been light on policy and heavy on p
In a tightly-contested race, Canada’s scandal-hit Trudeau battles to stay in power Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
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In a tightly-contested race, Canada's scandal-hit Trudeau battles to stay in power

Canadian Prime Minister Justin Trudeau addresses the media regarding photos and video that have surfaced in which he is wearing dark makeup on September 19, 2019 in Winnipeg, Canada. John Woods | Getty Images News | Getty Images

Canadian Prime Minister Justin Trudeau appears to be on the brink of losing his parliamentary majority. Voters will head to the ballot box to elect their new prime minister on Monday, bringing an end to six weeks of campaigning that has been light on policy and heavy on personality. The latest opinion polls show Trudeau’s Liberals and Andrew Scheer’s Conservatives running practically neck-and-neck, though — crucially — neither is positioned to win an outright majority. It has raised the possibility of one of Canada’s smaller parties playing kingmaker immediately after election day.

Personality vs. policy

Despite overseeing a relatively strong jobs market and with unemployment levels near record lows, Trudeau’s fight to stay in power has seen many in the country question his authenticity. That’s because in mid-September it emerged that the Liberal party leader had worn blackface make-up on at least three occasions decades ago. The scandal showed Trudeau to be “privileged in the worst sense,” Barry Kay, a political science professor at Wilfrid Laurier University in Waterloo, Ontario told CNBC via telephone. “The most revealing thing to me was not so much that it happened, it is that he could not remember how many times it had happened.” It was “a case of stupidity, bad judgment and a lack of character,” Kay said.

Conservative leader Andrew Scheer (R) and Canadian Prime Minister and Liberal leader Justin Trudeau gesture to each other as they both respond during the Federal Leaders Debate at the Canadian Museum of History in Gatineau, Quebec on October 7, 2019. SEAN KILPATRICK | AFP | Getty Images

The photos of Trudeau in blackface make-up were at odds with his oft-stated position as a leader seeking to improve the life of minorities in Canada. It also appeared to tarnish his carefully curated global image as a progressive leader. Trudeau has repeatedly apologized for the racist images, describing his past behavior as “unacceptable.” “It will most likely not be a deal-breaker for most Liberal supporters,” Jean-Francois Daoust, an expert in public opinion at Montreal’s McGill University, told CNBC via email. “However, it damages the image of their leader, for sure.”

Obama endorsement

Standing alongside Trudeau at a televised debate last week, Conservative party leader Andrew Scheer described the sitting prime minister as a “phony and a fraud” who does not deserve to govern. Trudeau told reporters in Montreal on Wednesday that he believed the Conservatives had run “one of the dirtiest, nastiest campaigns based on disinformation that we have ever seen in this country.” Later that same day, the 47-year old received an apparently unprecedented endorsement from former U.S. President Barack Obama. In a tweet, Obama said he had been “proud” to work with Trudeau when he was in office, before adding “the world needs his progressive leadership now.” Trudeau responded: “Thanks my friend.”

‘The environment, the environment and the environment’

In the weeks following the blackface make-up scandal, Trudeau has sought to shift the focus onto other issues, framing the election as a de facto referendum on the country’s approach to the climate crisis. Agathe Demarais, global forecasting director at the Economist Intelligence Unit (EIU), summarized the most important issues in the Canadian election: “The environment, the environment and the environment.” “There is a lot of friction about this issue and it is something that has really polarized people in the country,” Demarais told CNBC via telephone.

Led by Swedish climate activist Greta Thunberg (C), young activists and their supporters rally for action on climate change on September 27, 2019 in Montreal, Canada. Hundreds of thousands of people are expected to take part in what could be the city’s largest climate march. Minas Panagiotakis | Getty Images News | Getty Images

Speaking in the only official English language debate before the election, Trudeau said Canadian citizens had a choice “between two parties that have very different views on climate change.” The Liberals have claimed that, if re-elected, they will try to reach net-zero carbon emissions by 2050 and will exceed 2030 carbon emission goals. Meanwhile, the Conservatives have proposed to eliminate the carbon tax — a contentious policy introduced by Trudeau’s government — and focus on incentives rather than punishments for exceeding carbon limits.

Who are the kingmakers?

With the Liberals and Conservatives struggling to attract enough support to govern alone, some of Canada’s smaller parties could be relied upon to form a parliamentary majority. A Nanos Research poll published Wednesday put Scheer’s Conservatives on 33%, with Trudeau’s Liberals narrowly behind on 32%. The left-leaning New Democrats, led by Jagmeet Singh, appear to be the most obvious choice of partner for a Liberal minority government, polling at 19%. Singh has indicated he would be open to forming a government with Trudeau, although the incumbent has insisted that he needs a fight for a parliamentary majority in order to stand up to President Donald Trump.

NDP Leader Jagmeet Singh gestures as he speaks during a rally in Montreal, Quebec, Canada, on October 16, 2019, ahead of upcoming legislative elections. SEBASTIEN ST-JEAN | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
Keywords: news, cnbc, companies, battles, conservatives, canadian, scandalhit, race, power, minister, tightlycontested, canadas, environment, stay, getty, climate, leader, trudeaus, prime, trudeau


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London commuters seen dragging climate activists off underground trains

London commuters physically dragged Extinction Rebellion protesters off the top of a busy underground train on Thursday morning. A video shared widely on social media appeared to show a number of protesters on top of a Jubilee Line train at Canning Town station in East London. A busy platform of commuters were seen jeering at the activists before one protester is pulled down from the train. Climate activists had planned to target London’s underground network on Thursday, as part of their ongoing


London commuters physically dragged Extinction Rebellion protesters off the top of a busy underground train on Thursday morning.
A video shared widely on social media appeared to show a number of protesters on top of a Jubilee Line train at Canning Town station in East London.
A busy platform of commuters were seen jeering at the activists before one protester is pulled down from the train.
Climate activists had planned to target London’s underground network on Thursday, as part of their ongoing
London commuters seen dragging climate activists off underground trains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
Keywords: news, cnbc, companies, activists, trains, rebellion, town, extinction, commuters, transport, british, london, tube, dragging, station, seen, underground, climate, train


London commuters seen dragging climate activists off underground trains

London commuters physically dragged Extinction Rebellion protesters off the top of a busy underground train on Thursday morning.

A video shared widely on social media appeared to show a number of protesters on top of a Jubilee Line train at Canning Town station in East London.

A busy platform of commuters were seen jeering at the activists before one protester is pulled down from the train.

Climate activists had planned to target London’s underground network on Thursday, as part of their ongoing demonstration in the capital city.

Extinction Rebellion said the actions were “intended to bring economic disruption to the capital as part of the ongoing campaign to convince the Government to take meaningful action on the Climate and Ecological Emergency.”

At around 8:00 a.m., British Transport Police said via Twitter that it had made four arrests after obstruction incidents at Canning Town and Stratford.

The police said it would remain at Shadwell station, on the Docklands Light Railway (DLR) metro system, where specialist teams were working to remove four other protesters.

In a statement published before the incident, the British Transport Police said senior officers had engaged with Extinction Rebellion to try to persuade them into stopping “highly disruptive and potentially criminal action.”

“The Tube and rail networks are one of the greenest transport methods in London, any action goes against what they campaign for and will only cause misery for London’s commuters,” Sean O’Callaghan, assistant chief constable of the British Transport Police, said in a statement on Wednesday.

“In addition to this, we’ve made it clear to Extinction Rebellion that disrupting Tube services could create a dangerous scenario where some trains are stuck within tunnels with hundreds of passengers on board.”

“Likewise, trespassing or obstructing Tube services could create a serious hazard to protestors,” O’Callaghan said.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
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US has more than 600,000 millennial millionaires, according to report

There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow. Currently, 93% of millennial millionaires have a net wealth between approximately $1 million and $2.5 million, according to the report. On average, millennial millionaires own three homes, slightly higher than the 2.4 properties the average older millionaire possesses. In addition to inheriting their money, the report suggests that there is a significant tech influence to the rise of millennial wealt


There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow.
Currently, 93% of millennial millionaires have a net wealth between approximately $1 million and $2.5 million, according to the report.
On average, millennial millionaires own three homes, slightly higher than the 2.4 properties the average older millionaire possesses.
In addition to inheriting their money, the report suggests that there is a significant tech influence to the rise of millennial wealt
US has more than 600,000 millennial millionaires, according to report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: olivia raimonde, sam meredith
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US has more than 600,000 millennial millionaires, according to report

There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow.

Millennials are expected to be five times wealthier in the next decade than they are now, according to a report by Coldwell Banker. Some of their wealth can be attributed to what’s been dubbed the “Great Wealth Transfer,” where nearly $68 trillion in assets are expected to flow to younger-generations.

“The difference between the millionaires of the early 1980s and the ones being created today is that many of them stand to inherit even more wealth from their baby boomer parents, who are considered the wealthiest generation in history,” the report says.

Currently, 93% of millennial millionaires have a net wealth between approximately $1 million and $2.5 million, according to the report. Nearly 60% live in either California or New York and they are investing more in real estate than their elder-millionaire counterparts.

On average, millennial millionaires own three homes, slightly higher than the 2.4 properties the average older millionaire possesses. They also have larger real estate portfolios than non-millennials, $1.4 million compared to $919,000.

In addition to inheriting their money, the report suggests that there is a significant tech influence to the rise of millennial wealth. Some of the top zip codes for millennial millionaires are in Silicon Valley, including Cupertino, California home to the tech behemoth, Apple — though only about 15% are business owners.

The report goes on to say that the next generation of millionaires value home ownership and consider it key to wealth-building in the long term.

“Both younger and older millennial millionaires in Silicon Valley share the view that real estate is key to wealth creation. Even younger millionaires in their 20s who know their life is going to change and probably only plan on living in a property for two to three years. They have the intention of hanging on to the property afterwards and converting to a rental property,” the report says.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: olivia raimonde, sam meredith
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Treasury yields move lower as investors await economic data, auctions

ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%. U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions. The U.S. and China held high-level trade talks in Washington late last week, which ended with President Donald Trump saying both sides had reached a “very substantial phase one deal.” On the data front,


ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%. U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions. The U.S. and China held high-level trade talks in Washington late last week, which ended with President Donald Trump saying both sides had reached a “very substantial phase one deal.” On the data front,
Treasury yields move lower as investors await economic data, auctions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
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Treasury yields move lower as investors await economic data, auctions

The bond market was closed on Monday, as investors observed the Columbus Day holiday.

At around 02:00 a.m. ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%.

U.S. government debt prices were higher Tuesday morning, as investors awaited economic data and Treasury auctions.

Market focus is largely attuned to global trade developments, after reports of a partial trade deal between the world’s two largest economies.

The U.S. and China held high-level trade talks in Washington late last week, which ended with President Donald Trump saying both sides had reached a “very substantial phase one deal.”

As part of that agreement, Beijing has said it will address intellectual property rights concerns raised by Washington and buy $40 to $50 billion worth of U.S. agricultural products.

In exchange, the U.S. agreed to delay an October 15 increase in tariffs on Chinese goods.

China has since reportedly said that it wants another round of talks before signing what Trump described as the first phase of an agreement between the two countries.

Bloomberg News first reported the story on Monday, saying Beijing also wanted the U.S. to scrap a tariff hike for December.

On the data front, the Empire State Manufacturing Survey for October will be released at 8:30 a.m. ET.

The U.S. Treasury is set to auction $45 billion in 13-week bills and $42 billion in 26-week bills on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
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British police issue a city-wide ban on climate change protests in London

British police have ordered Extinction Rebellion activists to stop their demonstrations immediately or face arrest, issuing a London-wide ban on the group’s climate change protests. Extinction Rebellion’s London branch described the move as an “outrage,” before calling on the police to “respect the law.” The decision comes after more than a week of civil disobedience in London, with activists targeting government buildings and major financial institutions. The protests, which began last Monday a


British police have ordered Extinction Rebellion activists to stop their demonstrations immediately or face arrest, issuing a London-wide ban on the group’s climate change protests. Extinction Rebellion’s London branch described the move as an “outrage,” before calling on the police to “respect the law.” The decision comes after more than a week of civil disobedience in London, with activists targeting government buildings and major financial institutions. The protests, which began last Monday a
British police issue a city-wide ban on climate change protests in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, ban, london, rebellion, climate, stop, issue, change, british, extinction, activists, square, protests, uprising, trafalgar, citywide


British police issue a city-wide ban on climate change protests in London

Police arrest Eleanor Elizabeth “Ellie” Chowns, Green Party Member of the European Parliament for the West Midlands while clearing an Extinction Rebellion environmental activists campsite at Trafalgar square on October 14, 2019 in London, England.

British police have ordered Extinction Rebellion activists to stop their demonstrations immediately or face arrest, issuing a London-wide ban on the group’s climate change protests.

In a statement issued on Monday evening, the Metropolitan Police said that anyone who ignores the ban would be detained and face prosecution.

“Any assembly linked to the Extinction Rebellion ‘Autumn Uprising’… must now cease their protest(s) within London,” the police said, marking 21:00 London time on Monday evening as the cut-off for protesters to stop what it called “ongoing serious disruption to the community.”

Activists based in Trafalgar Square, which until Monday had been specified by the Metropolitan Police as the only legitimate protest site in the city, were ordered to remove their tents and clear the area almost without warning.

Extinction Rebellion’s London branch described the move as an “outrage,” before calling on the police to “respect the law.”

The decision comes after more than a week of civil disobedience in London, with activists targeting government buildings and major financial institutions.

The protests, which began last Monday and were due to last two weeks, have resulted in more than 1,400 arrests.

Extinction Rebellion says it has held the so-called “Autumn Uprising” across major cities across the globe to rebel against the world’s governments for their “criminal inaction” when it comes to the intensifying climate crisis.

The group uses non-violent civil disobedience in an attempt to highlight the risks posed by climate change and the accelerating loss of plant and animal species.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, ban, london, rebellion, climate, stop, issue, change, british, extinction, activists, square, protests, uprising, trafalgar, citywide


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Convicted pedophile Gary Glitter will not receive music royalties from ‘Joker,’ report says

The rights holders to music by convicted pedophile Gary Glitter have reportedly said that the disgraced former glam rock star will not receive any royalties after one of his songs was featured in the box-office hit “Joker.” The contentious inclusion of “Rock and Roll Part 2” in the R-rated comic book film had sparked an intense backlash from moviegoers, with many concerned about the prospect of Glitter receiving lucrative music royalties. Speaking to the LA Times in an interview published Friday


The rights holders to music by convicted pedophile Gary Glitter have reportedly said that the disgraced former glam rock star will not receive any royalties after one of his songs was featured in the box-office hit “Joker.” The contentious inclusion of “Rock and Roll Part 2” in the R-rated comic book film had sparked an intense backlash from moviegoers, with many concerned about the prospect of Glitter receiving lucrative music royalties. Speaking to the LA Times in an interview published Friday
Convicted pedophile Gary Glitter will not receive music royalties from ‘Joker,’ report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, times, rock, report, jailed, gary, songs, publishing, receive, pedophile, joker, convicted, group, music, royalties, glitter, umpg


Convicted pedophile Gary Glitter will not receive music royalties from 'Joker,' report says

The rights holders to music by convicted pedophile Gary Glitter have reportedly said that the disgraced former glam rock star will not receive any royalties after one of his songs was featured in the box-office hit “Joker.”

The contentious inclusion of “Rock and Roll Part 2” in the R-rated comic book film had sparked an intense backlash from moviegoers, with many concerned about the prospect of Glitter receiving lucrative music royalties.

Glitter, whose real name is Paul Gadd, was jailed for a total of 16 years in 2015 for attempted rape, four counts of indecent assault and one count of having sex with a girl under 13. All six offenses were committed in the 1970s and 1980s. He was first jailed in 1999 when he admitted to possessing images of child abuse.

Speaking to the LA Times in an interview published Friday, the label Snapper Music, which owns Glitter’s songs, said that the 75-year old “does not get paid — we’ve had no contact with him.”

In the same report, Universal Music Publishing Group (UMPG) also said it was not paying music royalties to Glitter.

“Gary Glitter’s publishing interest in the copyright of his songs is owned by UMPG and other parties, therefore UMPG does not pay him any royalties or other considerations,” the LA Times reported, citing a representative from the publishing group.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, times, rock, report, jailed, gary, songs, publishing, receive, pedophile, joker, convicted, group, music, royalties, glitter, umpg


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