UK’s new leader must urgently decide on including Huawei in 5G network, lawmakers say

The new prime minister must take a decision on whether to include China’s Huawei in Britain’s 5G telecoms network urgently as the ongoing debate is damaging international relations, a powerful committee of U.K. lawmakers said on Friday. However, the United States has told allies not to use Huawei’s technology as it fears the company could be used by Beijing for spying operations. The final decision on Huawei was already supposed to have been taken by the British government but May’s decision to


The new prime minister must take a decision on whether to include China’s Huawei in Britain’s 5G telecoms network urgently as the ongoing debate is damaging international relations, a powerful committee of U.K. lawmakers said on Friday. However, the United States has told allies not to use Huawei’s technology as it fears the company could be used by Beijing for spying operations. The final decision on Huawei was already supposed to have been taken by the British government but May’s decision to
UK’s new leader must urgently decide on including Huawei in 5G network, lawmakers say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19
Keywords: news, cnbc, companies, leader, including, huawei, urgently, lawmakers, minister, isc, say, decide, security, company, decision, prime, uks, united, network, committee, 5g


UK's new leader must urgently decide on including Huawei in 5G network, lawmakers say

The new prime minister must take a decision on whether to include China’s Huawei in Britain’s 5G telecoms network urgently as the ongoing debate is damaging international relations, a powerful committee of U.K. lawmakers said on Friday.

Britain’s National Security Council, chaired by outgoing Prime Minister Theresa May, met to discuss Huawei in April and a decision was made to block the telecoms giant from all critical parts of the 5G network but to give it restricted access to less sensitive parts.

However, the United States has told allies not to use Huawei’s technology as it fears the company could be used by Beijing for spying operations. Conversely, China has warned Britain that excluding the firm could hurt investment and trade.

The final decision on Huawei was already supposed to have been taken by the British government but May’s decision to step down has stalled the process. Her replacement, either foreign minister Jeremy Hunt or former London mayor Boris Johnson who is the front runner, will be installed next week.

“The new prime minister must take a decision as a matter of priority,” said Dominic Grieve, chairman of parliament’s Intelligence and Security Committee (ISC).

In a statement, the ISC said Britain’s cyber security chiefs had been clear that the issue was not about one country or company, but that the system had to be able to withstand any attack, malicious action or simple human error.

It said this was best achieved by diversifying suppliers and the issue at the moment for 5G was that there were only three firms in the running — Huawei, Nokia and Ericsson.

Over-dependence and less competition resulted in lower security standards, it said.

“Therefore including a third company — even if you may have some security concerns about them and will have to set a higher bar for security measures within the system — will, counter-intuitively, result in higher overall security,” the ISC said.

However, the committee acknowledged that the decision was not just technical and that the government had to take into account political concerns and so should not do anything to jeopardise the “Five Eyes” intelligence alliance of the United States, Britain, Australia, Canada and New Zealand.

It argued that China would understand if Huawei were excluded as Beijing would not allow a British company to play a role in its critical national infrastructure.

“Such an important decision therefore requires careful consideration,” the ISC statement said. “However, the extent of the delay is now causing damage to our international relationships: a decision must be made as a matter of urgency.”


Company: cnbc, Activity: cnbc, Date: 2019-07-19
Keywords: news, cnbc, companies, leader, including, huawei, urgently, lawmakers, minister, isc, say, decide, security, company, decision, prime, uks, united, network, committee, 5g


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European banking stocks are ready for a rebound, Barclays strategists say

European banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists. In a note published Wednesday, Barclays’ European banking and European equity teams projected that the stabilization of euro zone economic data and bond yields may bolster the banks, which have the most positive correlation to these two metrics of all European sectors. It added that in the meantime, bond yields and


European banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists. In a note published Wednesday, Barclays’ European banking and European equity teams projected that the stabilization of euro zone economic data and bond yields may bolster the banks, which have the most positive correlation to these two metrics of all European sectors. It added that in the meantime, bond yields and
European banking stocks are ready for a rebound, Barclays strategists say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: elliot smith
Keywords: news, cnbc, companies, strategists, say, rebound, european, barclays, note, showing, banking, ready, yields, sector, zone, bond, past, stocks, banks


European banking stocks are ready for a rebound, Barclays strategists say

European banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists.

In a note published Wednesday, Barclays’ European banking and European equity teams projected that the stabilization of euro zone economic data and bond yields may bolster the banks, which have the most positive correlation to these two metrics of all European sectors.

“Euro zone composite PMI (purchasing managers’ index) is stabilizing and the key domestic drivers of activity are well oriented,” the note stated.

It added that in the meantime, bond yields and inflation expectations are “trying to find a floor,” which gives a breather to value stocks, those which trade at a lower price relative to their fundamentals.

On top of this, the Italian government is “showing some fiscal discipline” and the European Central Bank (ECB) has opened the door to new quantitative easing while “seeking to mitigate the drag from negative rates on banks.”

European banks suffered a sharp sell-off in the second quarter of 2019, shedding more than 13% over the past three months, and are down 18.64% over the past year.

However, they have begun to rebound slightly in recent weeks, gaining 5% over the past 30 days, and though consensus has the European banking sector at an underweight position, Barclays is maintaining an equal weight.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: elliot smith
Keywords: news, cnbc, companies, strategists, say, rebound, european, barclays, note, showing, banking, ready, yields, sector, zone, bond, past, stocks, banks


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Here’s how much money Americans say you need to be ‘rich’

To be considered “rich,” Americans say you need a net worth of at least $2.3 million. For those still working, you’d need to earn an annual salary of over $300,000 to earn the “rich” title. The median net worth is $97,300, according to the Federal Reserve’s most recent research, the 2016 survey of consumer finances. Millennials : It takes $2.2 million to be considered rich: It takes $2.2 million to be considered rich Gen X : It takes $2.6 million to be considered rich: It takes $2.6 million to b


To be considered “rich,” Americans say you need a net worth of at least $2.3 million. For those still working, you’d need to earn an annual salary of over $300,000 to earn the “rich” title. The median net worth is $97,300, according to the Federal Reserve’s most recent research, the 2016 survey of consumer finances. Millennials : It takes $2.2 million to be considered rich: It takes $2.2 million to be considered rich Gen X : It takes $2.6 million to be considered rich: It takes $2.6 million to b
Here’s how much money Americans say you need to be ‘rich’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: megan leonhardt
Keywords: news, cnbc, companies, wealth, saving, americans, need, considered, rich, heres, takes, net, million, according, say, money, worth, ages


Here's how much money Americans say you need to be 'rich'

To be considered “rich,” Americans say you need a net worth of at least $2.3 million.

That’s according to a recent poll by SeniorLiving.org, which asked 1,000 U.S. adults how much a person would need to have in order to be called “rich.” For those still working, you’d need to earn an annual salary of over $300,000 to earn the “rich” title.

In comparison, the median U.S. household income was $60,336 in 2017, according to the latest data available from the U.S. Census. The median net worth is $97,300, according to the Federal Reserve’s most recent research, the 2016 survey of consumer finances. The average net worth is significantly higher: $692,100, according to the Federal Reserve.

The responses did vary slightly by generation. Baby boomers (ages 55 to 73) and Gen X (ages 38 to 54), unsurprisingly, named a higher net worth required to be rich, while millennials (ages 21 to 38) gave a slightly lower figure.

Millennials : It takes $2.2 million to be considered rich

: It takes $2.2 million to be considered rich Gen X : It takes $2.6 million to be considered rich

: It takes $2.6 million to be considered rich Boomers: It takes $2.6 million to be considered rich

The poll’s results tracked with a similar survey, the Schwab Modern Wealth Index, which was released earlier this year. About 1,000 adults between the ages of 21 and 75 told Schwab that you needed a net worth of $2.27 million to be considered wealthy.

Regardless of what you think it takes to be rich, don’t wait to start building up your wealth. You may not be rich today, but by saving up throughout your life, you can likely achieve real wealth and financial security.

“Building your net worth is a life’s journey — it’s not something that can happen overnight,” says Farnoosh Torabi, personal finance author and host of the “So Money” podcast.

For some, there may be a limit to how much you can do with your money, especially if you have student loans, credit card debt and other monthly expenses. But “getting into the habit of saving” can be really simple and can produce long-term benefits, Torabi explains.

Make saving easy by setting up a regular, automatic transfer from your checking account to a savings account. This doesn’t have to be a lot, maybe $5 a day or even $5 a week. “The key is to have it leave your hands before you get a chance to spend it,” Torabi says. “Over the course of six months, a year or even just a little bit of saving at a time… [it] will accumulate and it will motivate you to do more.”

Don’t miss: Self-made millionaire: This is the No. 1 way to get rich—and most young people are not doing it

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Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: megan leonhardt
Keywords: news, cnbc, companies, wealth, saving, americans, need, considered, rich, heres, takes, net, million, according, say, money, worth, ages


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CEO of railroad giant CSX says the economy is the ‘most puzzling’ he’s seen as stock plummets

The CEO of giant East Coast railroad operator CSX is sounding alarm on the U.S. economy as it weighs on the company’s shipping volumes. “Both global and U.S. economic conditions have been unusual this year, to say the least, and have impacted our volumes. You see it every week in our reported carloads,” Chief Executive James Foote said on a conference call Tuesday after the earnings report. Foote has worked in the railroad industry for more than 40 years and has been CEO of CSX since 2017. CSX i


The CEO of giant East Coast railroad operator CSX is sounding alarm on the U.S. economy as it weighs on the company’s shipping volumes. “Both global and U.S. economic conditions have been unusual this year, to say the least, and have impacted our volumes. You see it every week in our reported carloads,” Chief Executive James Foote said on a conference call Tuesday after the earnings report. Foote has worked in the railroad industry for more than 40 years and has been CEO of CSX since 2017. CSX i
CEO of railroad giant CSX says the economy is the ‘most puzzling’ he’s seen as stock plummets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: yun li
Keywords: news, cnbc, companies, csx, ceo, puzzling, weighs, economic, stock, reported, say, railroad, giant, economy, week, plummets, earnings, worked, seen, hes


CEO of railroad giant CSX says the economy is the 'most puzzling' he's seen as stock plummets

The CEO of giant East Coast railroad operator CSX is sounding alarm on the U.S. economy as it weighs on the company’s shipping volumes.

“Both global and U.S. economic conditions have been unusual this year, to say the least, and have impacted our volumes. You see it every week in our reported carloads,” Chief Executive James Foote said on a conference call Tuesday after the earnings report. “The present economic backdrop is one of the most puzzling I have experienced in my career.”

Foote has worked in the railroad industry for more than 40 years and has been CEO of CSX since 2017.

CSX is taking a hit from a “softer industrial environment” executives say and so it reported disappointing second-quarter earnings and a slashed revenue forecast.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: yun li
Keywords: news, cnbc, companies, csx, ceo, puzzling, weighs, economic, stock, reported, say, railroad, giant, economy, week, plummets, earnings, worked, seen, hes


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Prosecutors say Jeffrey Epstein’s suspicious passport — his photo, different name — used multiple times in ’80s

Courtroom sketch showing Jeffrey Epstein at his bail hearing in New York on July 15th, 2019. An expired passport found in a locked safe in accused child sex trafficker Jeffrey Epstein’s Manhattan mansion — which featured Epstein’s photo but a different name — was used multiple times in the 1980s, prosecutors said Wednesday. Epstein’s lawyers had said in a court filing Tuesday that prosecutors had offered “nothing to suggest — and certainly no evidence — that Epstein ever used” that passport, whi


Courtroom sketch showing Jeffrey Epstein at his bail hearing in New York on July 15th, 2019. An expired passport found in a locked safe in accused child sex trafficker Jeffrey Epstein’s Manhattan mansion — which featured Epstein’s photo but a different name — was used multiple times in the 1980s, prosecutors said Wednesday. Epstein’s lawyers had said in a court filing Tuesday that prosecutors had offered “nothing to suggest — and certainly no evidence — that Epstein ever used” that passport, whi
Prosecutors say Jeffrey Epstein’s suspicious passport — his photo, different name — used multiple times in ’80s Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kevin breuninger dan mangan, kevin breuninger, dan mangan
Keywords: news, cnbc, companies, times, different, lawyers, stamps, jeffrey, suspicious, multiple, epsteins, say, passport, prosecutors, united, used, defendant, epstein


Prosecutors say Jeffrey Epstein's suspicious passport — his photo, different name — used multiple times in '80s

Courtroom sketch showing Jeffrey Epstein at his bail hearing in New York on July 15th, 2019.

An expired passport found in a locked safe in accused child sex trafficker Jeffrey Epstein’s Manhattan mansion — which featured Epstein’s photo but a different name — was used multiple times in the 1980s, prosecutors said Wednesday.

Epstein’s lawyers had said in a court filing Tuesday that prosecutors had offered “nothing to suggest — and certainly no evidence — that Epstein ever used” that passport, which was issued by Austria.

Epstein, a 66-year-old wealthy financier, is a former friend of Presidents Donald Trump and Bill Clinton.

On Wednesday afternoon, the prosecutors responded, saying, “In fact, the passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in the 1980s.”

The prosecutors also noted that Epstein’s lawyers did “not address how the defendant obtained the foreign passport.”

“More concerning,” they wrote, “the defendant has still not disclosed to the Court whether he is a citizen or legal permanent resident of a country other than the United States.”


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kevin breuninger dan mangan, kevin breuninger, dan mangan
Keywords: news, cnbc, companies, times, different, lawyers, stamps, jeffrey, suspicious, multiple, epsteins, say, passport, prosecutors, united, used, defendant, epstein


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This wealthy European nation has the most potential for future growth, researchers say

Switzerland has more potential for economic growth than any other country in the world, according to new research. In its fifth annual ranking of global economic growth potential released on Monday, management consultancy KMPG analysed two decades’ worth of data, measuring how 180 countries performed across 26 metrics. The metrics fell into one of five categories: macroeconomic stability, openness, quality of infrastructure, quality of institutions, and human development. Switzerland, despite al


Switzerland has more potential for economic growth than any other country in the world, according to new research. In its fifth annual ranking of global economic growth potential released on Monday, management consultancy KMPG analysed two decades’ worth of data, measuring how 180 countries performed across 26 metrics. The metrics fell into one of five categories: macroeconomic stability, openness, quality of infrastructure, quality of institutions, and human development. Switzerland, despite al
This wealthy European nation has the most potential for future growth, researchers say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: chloe taylor
Keywords: news, cnbc, companies, ranking, economic, world, say, levels, growth, openness, researchers, nation, quality, future, european, wealthy, netherlands, potential


This wealthy European nation has the most potential for future growth, researchers say

Switzerland has more potential for economic growth than any other country in the world, according to new research.

In its fifth annual ranking of global economic growth potential released on Monday, management consultancy KMPG analysed two decades’ worth of data, measuring how 180 countries performed across 26 metrics.

The metrics fell into one of five categories: macroeconomic stability, openness, quality of infrastructure, quality of institutions, and human development.

Switzerland, despite already being a well-developed and wealthy nation, was awarded the highest score in the ranking, meaning it was most likely to see strong productivity levels (high levels of economic output) which would boost overall growth. The Netherlands and Singapore followed close behind.

While Swiss infrastructure, institutions and openness scored highly in KPMG’s ranking, the report said that education — a metric that fell under the human development category — was an area that needed attention.

“Switzerland scores below peers such as Germany, Netherlands, Finland and Denmark,” Yael Selfin, chief economist at KPMG in the U.K., told CNBC via email. “It will take up to 10 years for improvements in education to feed into the labor market, and it would therefore be good to also focus on improving workers’ skills through on-the-job training.”

Switzerland was recently named the best place in the world to live and work by HSBC, with 80% of people who had relocated to the country saying they were happy with its economic climate. According to the OECD, the small European nation had one of the world’s strongest economies in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: chloe taylor
Keywords: news, cnbc, companies, ranking, economic, world, say, levels, growth, openness, researchers, nation, quality, future, european, wealthy, netherlands, potential


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Investors searching for yield should buy this sector in Singapore, strategists say

Singapore-listed real estate investment trusts may not appreciate much more in price given their roughly 20% rise this year — but strategists said they’re still a buy as interest rates will likely stay low. Real estate investment trusts, or REITs, are companies that manage a portfolio of properties such as shopping malls, hotels and offices. Income generated from those real estate assets, after accounting for operating fees, is distributed as dividends to shareholders. REITs listed on the Singap


Singapore-listed real estate investment trusts may not appreciate much more in price given their roughly 20% rise this year — but strategists said they’re still a buy as interest rates will likely stay low. Real estate investment trusts, or REITs, are companies that manage a portfolio of properties such as shopping malls, hotels and offices. Income generated from those real estate assets, after accounting for operating fees, is distributed as dividends to shareholders. REITs listed on the Singap
Investors searching for yield should buy this sector in Singapore, strategists say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: yen nee lee
Keywords: news, cnbc, companies, sreits, buy, yield, say, real, investment, singapore, trusts, million, investors, estate, reits, strategists, sector, searching, portfolio


Investors searching for yield should buy this sector in Singapore, strategists say

Singapore-listed real estate investment trusts may not appreciate much more in price given their roughly 20% rise this year — but strategists said they’re still a buy as interest rates will likely stay low.

Real estate investment trusts, or REITs, are companies that manage a portfolio of properties such as shopping malls, hotels and offices. Income generated from those real estate assets, after accounting for operating fees, is distributed as dividends to shareholders.

Investors generally find REITs attractive for their dividend payout and the potential for capital appreciation, and as a diversification in a portfolio of stocks, bonds and cash.

REITs listed on the Singapore Exchange — commonly known as S-REITs — have been a favorite among institutional investors. In the first six months of 2019, S-REITs attracted a net inflow of 396.3 million Singapore dollars ($291.85 million) from institutional investors, the exchange said in a report.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: yen nee lee
Keywords: news, cnbc, companies, sreits, buy, yield, say, real, investment, singapore, trusts, million, investors, estate, reits, strategists, sector, searching, portfolio


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Harriet Tubman $20 bill design could never have been ready for 2020 intro, officials say: Report

Contradicting earlier reports that Treasury Secretary Steven Mnuchin had delayed the introduction of a new $20 bill featuring Harriet Tubman, current and former officials told The Washington Post that the bill was never going to be ready for a 2020 introduction. According to the Post, which cited three current or former high-ranking government officials appointed by President Barack Obama who were involved in the Tubman $20 bill project, the bill’s release remains on schedule. Felix also said th


Contradicting earlier reports that Treasury Secretary Steven Mnuchin had delayed the introduction of a new $20 bill featuring Harriet Tubman, current and former officials told The Washington Post that the bill was never going to be ready for a 2020 introduction. According to the Post, which cited three current or former high-ranking government officials appointed by President Barack Obama who were involved in the Tubman $20 bill project, the bill’s release remains on schedule. Felix also said th
Harriet Tubman $20 bill design could never have been ready for 2020 intro, officials say: Report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: marc rod, dan mangan
Keywords: news, cnbc, companies, felix, bill, report, harriet, intro, currency, treasury, officials, tubman, design, 20, mnuchin, say, 2020, ready, lew


Harriet Tubman $20 bill design could never have been ready for 2020 intro, officials say: Report

In this file photo, Secretary Jack Lew looks at a rendering of Harriet Tubman during a visit to the Bureau of Engraving and Printing.

Contradicting earlier reports that Treasury Secretary Steven Mnuchin had delayed the introduction of a new $20 bill featuring Harriet Tubman, current and former officials told The Washington Post that the bill was never going to be ready for a 2020 introduction.

In 2016, then-Treasury Secretary Jack Lew said the government would release in 2020 a “final concept design” for a $20 bill featuring the former slave who helped free dozens of other slaves to mark the 100th anniversary of women’s suffrage.

In May, Mnuchin said the new design would not be unveiled until 2028.

According to the Post, which cited three current or former high-ranking government officials appointed by President Barack Obama who were involved in the Tubman $20 bill project, the bill’s release remains on schedule. Larry Felix, former director of the Bureau of Engraving and Printing, spoke on the record to the newspaper, while the other officials declined to be named.

The Post reported that Mnuchin has been following the timeline set forth under the Obama administration. Felix told the Post that the 2020 release date Lew announced was never feasible.

“Those announcements were not grounded in reality. The U.S. had not at the time acquired the security features to redesign and protect the notes,” Felix told the newspaper.

NiQuan Energy, which lists Felix on its website as its group chairman, did not respond to a request for comment from Felix. Lew did not respond to a request for comment.

Felix also said that, per a 2013 report by the Advanced Counterfeit Deterrence committee, which oversees currency redesigns, a new $20 bill could not enter circulation before 2020. Felix and other officials said that the Treasury could not have released a “concept” design in 2020, as Lew promised, because it would have given counterfeiters a decade to replicate the bill, according to the Post.

In a news conference Monday, Mnuchin echoed the Post’s reporting.

“There’s a lot of misinformation on this issue,” he said. “This is a nonpolitical situation where the primary objective of changing the currency is to stop counterfeiting.”

He noted that the $100 bill took 10 years to redesign and that releasing any new currency requires new machinery and a new manufacturing process. He said that “even in the most optimistic scenario” the currency would not be complete before the end of a second Trump term.

The Post’s reporting aligns with a statement Obama appointee and current BEP Director Len Olijar gave to CNBC in June. “No Bureau or Department official has ‘scrapped’ anything; it is too early to develop an integrated concept or design until security features are finalized,” he said.

In a statement Monday, Olijar said: “Not only is it a mistake to give counterfeiters a look at potential security features, currency designs undergo a number of iterations and can change during testing. Moreover, as U.S. currency is a world currency, it is important not to confuse the public with design changes.”

Mnuchin’s comments Monday are consistent with what he has said previously.

“The suggestion that this process is being stalled is completely erroneous,” Mnuchin said in June.

The Treasury Department did not respond to a request for comment on the Post’s report.

The Treasury Department’s internal watchdog is investigating the matter after Senate Minority Leader Chuck Schumer, D-N.Y., sent a letter asking whether the altered release date was prompted by political considerations.

A spokesman for Schumer did not respond to a request for comment.

The New York Times previously reported that design and production work for the bill was well underway when Mnuchin announced the delay and that he did so in part to avoid President Donald Trump canceling the plan entirely.

Trump was a vocal critic of the plan to put Tubman on the $20 bill. While campaigning Trump called the move “pure political correctness.” He proposed putting her portrait on the $2 bill instead.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: marc rod, dan mangan
Keywords: news, cnbc, companies, felix, bill, report, harriet, intro, currency, treasury, officials, tubman, design, 20, mnuchin, say, 2020, ready, lew


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Amazon Echo is half off on Prime Day: Here’s what you can do with it

The new Amazon.com Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company’s product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Daniel Berman | Bloomberg | Getty ImagesAmazon is heavily discounting its Amazon Echo products for Prime Day, which runs through 2:59 a.m. Wednesday ET. Before we get started, make sure you have the Amazon Alexa app for iPhone or Android. Call people with EchoYou can use the Amazon E


The new Amazon.com Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company’s product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Daniel Berman | Bloomberg | Getty ImagesAmazon is heavily discounting its Amazon Echo products for Prime Day, which runs through 2:59 a.m. Wednesday ET. Before we get started, make sure you have the Amazon Alexa app for iPhone or Android. Call people with EchoYou can use the Amazon E
Amazon Echo is half off on Prime Day: Here’s what you can do with it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: todd haselton
Keywords: news, cnbc, companies, echo, app, half, button, alexa, menu, ask, heres, timer, day, say, uber, amazon, prime


Amazon Echo is half off on Prime Day: Here's what you can do with it

The new Amazon.com Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company’s product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Daniel Berman | Bloomberg | Getty Images

Amazon is heavily discounting its Amazon Echo products for Prime Day, which runs through 2:59 a.m. Wednesday ET. The cheapest model, the Echo Dot, is only $22 (it’s usually $50), while the full-sized model is only $50 (it’s usually $100). If you’re on the fence, realize that you can do a lot more with the Echo than just asking Alexa the weather. You can use an Echo for many things, including calling people, booking an Uber, ordering stuff from Amazon and even setting it up to double as an in-home intercom if you own several devices. Before we get started, make sure you have the Amazon Alexa app for iPhone or Android. You’ll be using that app to take advantage of some of the tricks in this guide. Here is a bunch of fun things you can do with the Echo.

Call people with Echo

You can use the Amazon Echo to call phone numbers or anyone with an Amazon Echo. To call a phone number, you’ll first want to make sure that person is in your Alexa address book. To check: Open the Amazon app

Tap the menu button then tap “Contacts.” Once you’ve confirmed someone is in your address book, you can call them by asking Alexa to call a specific person’s phone or Echo. Here are the commands to try. (I put my own name in, but swap it out for the person you’re trying to call): “Call Todd Haselton’s Mobile.”

Or you can call your contact’s Echo by saying “Call Todd Haselton’s Echo.”

Send voice messages

You can send voice messages to friends or family with an Echo, too. It’s kind of like leaving a voicemail, but your friends will get an alert on their Echo that they have a new voice message. Then, when they see the alert, they can ask their Echo to play it. To send a voice message: Say “Alexa, send a voice message to Todd Haselton.”

Speak your message.

Alexa will confirm you want to send the message.

Say “Yes.”

If you’ve received a message, say “Alexa, listen to my messages.”

Use your Echo as an in-home intercom

Source: Amazon

If you have multiple Echos around your house, you can use them as an in-home intercom system. You might want to do this to call the kids down to dinner, for example. Here’s how to do that: Say “Alexa make an announcement.”

Speak your announcement by saying something like “Hey everyone, dinner’s ready!”

Alexa will make an announcement to all of the Echos in your house with the message you spoke.

Book an Uber or Lyft with your Echo

If you’re at home and want to get a ride somewhere, you can ask Alexa to get you an Uber or a Lyft. You need to install either the Uber or Lyft skill first. Here’s how to book a ride with Echo. Open the Alexa app on your phone.

Tap the menu button on the top left of the app.

Tap “Skills & Games.”

Search for Uber or Lyft.

Tap Enable Skill and link your Lyft or Uber account.

Now ask Lyft or Uber for a ride by speaking “Alexa, ask Lyft for a ride” or “Alexa, ask Uber to request a ride.”

Alexa will tell you how far the nearest Lyft driver or Uber driver is. You can then confirm you’d like a ride.

Order something from Amazon by voice

You can use your Echo to order goods from Amazon. Sometimes, like during Black Friday, Amazon even offers exclusive deals through the Echo. To order stuff from Alexa: Say something like, “Alexa order soap.”

Alexa will begin to list items that you might be interested in, including products from previous orders, and the price. Say “yes” to confirm you’d like to buy that item, or “no” to hear another item Alexa recommends. Tell Alexa to stop if you don’t want to hear more recommendations.

You can also order specific goods by speaking something like “Alexa, order me an Amazon Echo Plus.” Alexa will confirm the price before you decide to buy it or not.

Get a ‘flash briefing’ of news you care about

You can get a flash briefing from certain news sites you follow, including CNBC, the AP and BBC. Customize your Flash Briefing by doing this: Open the Alexa app on your phone.

Tap the menu button on the top left of the screen.

Choose “Settings.”

Tap “Flash Briefing.”

Toggle the news sites you want to hear news from and tap “+” to add new sources.

Now, say, “Alexa play my flash briefing.”

Alexa will give you the highlight news from the sources you’ve picked.

Play shows on your Amazon Fire TV

The Amazon Fire TV Cube in a living room Amazon

If you own a Fire TV, you can connect your Echo to the Fire TV so that you can ask Alexa to play specific shows or movies. You don’t even have to touch the remote. Open the Alexa app on your phone.

Tap the menu button on the top left of the page.

Tap “Settings.”

Choose “TV & Video.”

Tap the + button next to Fire TV.

Tap “Manage Devices.”

Choose “Link another device.”

Choose the Fire TV in your house you’d like to link your Echo with.

Tap “Continue.”

Choose the Alexa devices to link the Fire TV with. You can select multiple Echos.

Tap “Link Devices.”

Now speak a command like, “Play Man in the High Castle on Fire TV.”

Create a Routine

Set an Alexa routine to perform functions after your alarm is dismissed. Todd Haselton | CNBC

Amazon recently launched a new Alexa featured called “Routines.” When you speak a certain preset command, like “Alexa, good morning,” you can set Alexa to perform certain actions, like read you the weather, start playing music and tell you how long it will take you to get to work. Here’s how to create a custom morning routine, but you can change any of these steps to make something else, too. Open the Alexa app on your phone.

Tap the menu button on the top left of the app.

Tap “Routines.”

Tap the top button that says “When this happens.”

Choose “Voice.”

Enter the phrase “Good morning.”

Tap “Save.”

Now choose “Add action.”

Tap “Weather.”

Tap “Add.”

Now tap “Add action”

Tap “Traffic.”

Now tap “Add action” again.

Tap “Music.”

Enter in an artist, like Bruce Springsteen.

Choose your music provider, such as Spotify.

Tap Next.

Tap “Create.” Now, when you say “Alexa, good morning.” Alexa will tell you the local weather, how long it will take to get to work on your commute, and will then start playing Bruce Springsteen. (Note: if you haven’t set up your commute in the Alexa app yet, you can do this by going to settings > traffic.)

Get a sports update for your favorite teams

Alexa can give you a quick briefing on your favorite teams. First, you need to tell it the teams you follow. To do this: Open the Alexa app on your phone.

Tap the menu button on the top left.

Tap Settings.

Select “Sports.”

Tap Add a Team. ”

Search for your favorite team.

Tap “Save.”

Repeat until you’ve added all of the teams you follow.

Now, speak “Alexa, what’s my sports update?” Alexa will read off the latest scores and upcoming games for each of the teams you follow.

Set a reminder

You can ask Alexa to remind you to do things, too. Say “Alexa, remind me to get candied yams,” or whatever you need a reminder for.

Alexa will ask when it should remind you. Say something like “Today at 3 p.m.”

Alexa will confirm that it will remind you at the preset time.

You can view, edit or add reminders in the Alexa app by tapping the menu button and selecting “Reminders & Alarms.”

Set multiple timers

Alexa can be really useful in the kitchen, particularly if you want to set multiple timers at once. Maybe you need to set the oven to one timer and then create a second timer for something you have cooling in the fridge. To set multiple timers: Say, Alexa set an oven timer for 30 minutes.

Then speak another timer, like, “Set a fridge timer for 1 hour.”

You can check in a timer by saying “Alexa, what’s the oven timer?” Or “Alexa, what’s the fridge timer?”

Alexa will alert you when the specific timer has ended.

Play music in different rooms at the same time

In order: The Echo, the Echo Plus and the original Echo Todd Haselton | CNBC

If you have multiple Echos around the house, you can link them up to play music at the same time in different rooms. I have a “downstairs” group for my Echos, for example, where I have my living room, dining room and kitchen all play the same music. To do this: Open the Alexa app on your phone. Tap Devices icon on the bottom right. It looks like a little house.

Tap the + button on the top right.

Tap “Add Multi-Room Music speakers.”

Create a group name, such as “Downstairs.”

Choose the Echos you want to include in the group, then tap “Save.” Now, you can speak something like “Alexa, play Beethoven downstairs,” and Alexa will play music on the speakers in that group.

Delete your history

A list of the recordings I’ve spoken to Alexa. Todd Haselton | CNBC

Amazon keeps a recording of everything you ask Alexa. For privacy’s sake, you may want to delete those recordings regularly. You can do that two ways. To delete things you said recently, just say “Alexa, delete everything I said today,” or “Alexa, delete what I just said.” To delete everything at once, do this: Visit Amazon’s Device page

Select the menu button to the left of the Echo device you’d like to manage. (The menu button looks like three little dots stacked on top of one another.

Tap “Manage Voice Recordings”

Tap “Delete.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: todd haselton
Keywords: news, cnbc, companies, echo, app, half, button, alexa, menu, ask, heres, timer, day, say, uber, amazon, prime


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Tesla employees say they took shortcuts, worked through harsh conditions to meet Model 3 production goals

Robotics arms install the front seats to the Tesla Model 3 at the Tesla factory in Fremont, California, on Thursday, July 26, 2018. A tent is seen at the Tesla factory in Fremont, California, U.S. June 22, 2018. Factory tape is high-quality and looks as if it’s shrink-wrapped on a part, always in the same place. The technician also emphasized that the Tesla Model 3 is an ideal electric vehicle — as long as it’s built exactly to spec. Tesla workers said they sometimes skipped installation of cert


Robotics arms install the front seats to the Tesla Model 3 at the Tesla factory in Fremont, California, on Thursday, July 26, 2018. A tent is seen at the Tesla factory in Fremont, California, U.S. June 22, 2018. Factory tape is high-quality and looks as if it’s shrink-wrapped on a part, always in the same place. The technician also emphasized that the Tesla Model 3 is an ideal electric vehicle — as long as it’s built exactly to spec. Tesla workers said they sometimes skipped installation of cert
Tesla employees say they took shortcuts, worked through harsh conditions to meet Model 3 production goals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: lora kolodny
Keywords: news, cnbc, companies, tent, factory, production, harsh, took, employees, meet, model, tesla, say, worked, ga4, shortcuts, work, tape, workers, goals


Tesla employees say they took shortcuts, worked through harsh conditions to meet Model 3 production goals

Robotics arms install the front seats to the Tesla Model 3 at the Tesla factory in Fremont, California, on Thursday, July 26, 2018. Mason Trinca | The Washington Post | Getty Images

Current and former Tesla employees working in the company’s open-air “tent” factory say they were pressured to take shortcuts to hit aggressive Model 3 production goals, including making fast fixes to plastic housings with electrical tape, working through harsh conditions and skipping previously required vehicle tests. For instance, four people who worked on the assembly line say they were told by supervisors to use electrical tape to patch cracks on plastic brackets and housings, and provided photographs showing where tape was applied. They and four additional people familiar with conditions there describe working through high heat, cold temperatures at night and smoky air during last year’s wildfires in Northern California. Their disclosures highlight the difficult balance Tesla must strike as it ramps up production while trying to stem costs. Tesla recently told shareholders that in the three months that ended June 30, it made 87,048 vehicles, including 72,531 Model 3s, the company’s lowest-priced sedan. Both were quarterly records. Tesla told shareholders to expect full-year deliveries this year to reach at least 360,000, and more than 250,000 of those are expected to be Model 3s. Last year, Tesla conquered some “production hell” issues, as CEO Elon Musk called them. That included removing or repurposing conveyors and robots that didn’t work as planned, and figuring out how to build cars and battery packs with more manual labor. This year, Tesla has been grappling with what could be described as “logistics hell.” It has had to deliver cars to customers in more points around the world than ever before. Tesla executives have said the company should be profitable in the second half of 2019. A Tesla spokesperson said the anecdotes employees shared about work in the tent are “misleading and do not reflect our manufacturing practices or what it’s like to work at Tesla.” The spokesperson said many of the shortcuts described by employees, such as using electrical tape during assembly, are not approved procedures, and that cars are rigorously inspected before shipping. Tesla also said many of the parts used in the Model 3 come with electrical tape on them from suppliers, and showed CNBC photographs of some factory-taped parts. The company said its first-pass yields at the Fremont, California, plant are higher than ever — a measurement that indicates Tesla is producing good cars and is scrapping or reworking fewer units than it did historically. Regarding working conditions in the tent, Tesla said, “We work hard to create a work environment that is as safe, fair and fun as possible, and it is incredibly important to us that employees look forward to coming to work every day. In fact, we have a large number of employees who request to work on GA4 based on what they hear from colleagues and what they have seen first-hand.”

A tent is seen at the Tesla factory in Fremont, California, U.S. June 22, 2018. Reuters | Stephen Lam

Pressure to produce under the tent

Tesla assembles some of its Model 3s in a tent, known as GA4 ( “general assembly 4”) in Fremont. Built in spring 2018, it was supposed to be a temporary measure. The idea was to run the tent mostly on manual labor while Tesla perfected its automated factory lines indoors in what’s called “the brick.” The tent has now been operating for more than a year. Workers told CNBC that GA4 is now able to produce up to 120 cars per shift, across three shifts per day, amounting to 2,160 Model 3s in a perfect six-day week, or around 30,000 per quarter assuming maximum rates of production. Tesla did not confirm these numbers, but in a statement last year, the company said GA4 was responsible for about 20% of total Model 3 production during a high-output week in July 2018. While the tented line does not crank out the majority of Tesla’s Model 3s, it still adds significant volume. When Model 3 lines inside the Fremont factory go down, workers in the tent can stay productive. That’s important to Tesla, given its history of over-automation and missed targets. In the tent, Model 3s are put together using manual labor and power tools, lifts and conveyors, but not with any of the sophisticated robotics Tesla uses on the indoor assembly lines. Workers say they do one process at their station repeatedly, usually walking along the line with the car until they’re done. Carlos Aranda was a former lead production associate who worked in GA4. Correspondence shared with CNBC shows he resigned from Tesla on June 24, following months of medical leave stemming from injuries he says he sustained on the job. (Tesla claims he was fired for a Twitter post that went against its Workplace Violence Policy, but provided no record of the offending tweet.) His wife, Maggie Aranda, worked as a Model 3 production associate in another part of GA4. She says she was dismissed on June 11 for using her phone during a shift to book health appointments after an injury. Both the Arandas previously worked on indoor assembly lines at the factory. Six current and former employees supported their accounts of work in GA4 but asked to remain unidentified. These people said that while work in GA4 is physically demanding, many people like working there because the atmosphere is good and camaraderie is strong. They said they can listen to music while they work, with a supervisor’s approval, and don’t always have to wear a uniform. At the same time, workers were encouraged to take shortcuts to hit their production goals in the tent, according to five people who work or worked there recently. For example, when it’s cold in the tent, workers tend to break a high number of plastic brackets and housings that hold critical electronics in place inside of the Model 3, according to four of these people. Rather than waiting for replenishment teams to deliver boxes of new plastic parts to their stations in GA4, they said, supervisors told workers to use vinyl electrical tape to make quick fixes. Carlos Aranda says he personally visited Walmart multiple times to buy the tape and other items for production associates. For instance, this photo shows tape applied to a segment of a white plastic housing where it holds “triple cam” connections in place inside of a Model 3. The Arandas said the edge of this plastic housing piece would frequently crack during installation, and tape was often applied here to hold down the resulting, hinge-like flap.

A photograph sent by a Tesla employee showing how electrical tape was used during Model 3 assembly.

Installed in the windshield of a Model 3, a “triple cam” holds three cameras that allow the vehicle to see the road, traffic lights, lane markings and obstacles ahead. If triple cam connections loosen or break, some of Tesla’s safety features — like Sentry mode, AutoPilot, automatic emergency braking or full self-driving — may fail, the Arandas said. The car should then give drivers an alert that AutoPilot is no longer engaged, and the car needs service. Tesla said many of the parts they use in the Model 3 come with electrical tape on them from suppliers, and showed CNBC photographs of some factory-taped parts. Current and former GA4 workers acknowledged this, too. However, they made a distinction — the GA4 workers use tape to fix housings or brackets with cracks or to stop parts from vibrating in the car if they aren’t snapped or fastened in perfectly. That’s not the same as “factory tape,” they said. Factory tape is high-quality and looks as if it’s shrink-wrapped on a part, always in the same place. Much of it is wound carefully around bundles of cables and wires in a perfect spiral. The tape that workers would apply in a Model 3 typically has hastily cut or torn ends and varies in placement. A Tesla spokesperson says the company hasn’t found evidence of electrical tape being used to make quick fixes in GA4, and would never officially condone or encourage it. The company also emphasized that its cars go through rigorous quality inspections before they leave the factory. A former Tesla technician, who worked in the tent on Model 3s and asked to remain unidentified, analyzed photos from GA4 that were shared with CNBC by current and former employees. This person said Tesla’s vehicle engineers would probably not appreciate that Model 3s were being assembled with this cheap vinyl electrical tape, and any processes allowing prodigious use of the tape during assembly should be reevaluated. The technician also emphasized that the Tesla Model 3 is an ideal electric vehicle — as long as it’s built exactly to spec.

Other short cuts

Workers say they took other short cuts to hit aggressive new production targets, too. Five people who work or worked in the tent in 2019 said they would frequently pass cars down the line that they knew were missing a few bolts, nuts or lugs, all in the name of saving time. In the tent, most workers have just a couple of minutes to complete a process. If a small item was missing, or a bolt was not torqued in perfectly, they would rather keep cars moving than stop the line and be seen as a bottleneck to production, they said. In particular, these people said, aeroshields are often missing a middle bolt, and loose connections in body controllers are a common issue. For example, this photo shows the power supply for a distribution block in the front right vehicle controller in a Model 3. A nut is missing that should be there to secure electrical connections.

Tesla workers said they sometimes skipped installation of certain bolts, nuts or lugs in a rush to hit their Model 3 production goals.

Wires in this part of the car go to the touchscreen, car computer, door latches and window regulators on the right hand side of the Model 3, while the red cable distributes power into the systems on the right hand side. Although it’s a low-voltage connection, if it’s not properly secured, it can heat up and cause problems, the former Tesla technician said. Model 3s with loose connections can be hard to detect during inspections, the ex-technician and factory workers said. Tesla said the company “has a robust quality assurance team that reviews each vehicle at the end of the GA4 assembly line to ensure every car was built correctly and is perfect before it leaves our factory to go to customers.” Current and former employees also said Tesla reduced “water testing” on cars as the company began ramping up production of Model 3s. In a water test, a vehicle goes into a booth where jets blast it with water from all different directions. Any leaks in the seals are immediately found and fixed. The tests take about 10 minutes each. In late 2018, Tesla changed its policy and now only conducts sample testing for water leaks on Model 3s. Since then, if workers see an issue with the urethane seals around a Model 3 glass roof, for example, they can request a water test. But many in GA4 are hesitant to make that request because of time pressure and a lack of experience or training that they need to identify flaws, a current associate said. A Tesla spokesperson said the company is not aware of any instances where workers were told not to do water testing because that may slow production. The company says it encourages employees to identify opportunities for improvement, and engage all appropriate teams to evaluate potential risks and identify possible solutions. In addition, six current and prior employees said, workers often violated a rule that cars should only be driven in “factory mode,” which now limits speed to 10 mph. Workers would sneak freshly built Model 3s out of factory mode to zip them over to a camera calibration station (or “cam cal”), which was located far away from the GA4 tent. (That station has since been moved closer to the tent.) Employees caught doing this would be appropriately disciplined, Tesla said. Mike Ramsey, senior automotive research director at Gartner, said that even before Tesla put a Model 3 assembly line in a tent, it had a “ship-it-now, fix-it-later” mentality inspired by software patching. Tesla’s focus, instead, has been to exceed expectations in other areas like brand, vehicle acceleration or charging, he said. While Tesla has been successful with those efforts, he said: “Every time a car rolls off the lot and a piece of trim falls off, or an electrical system is failing after a month, it undermines the brand. That customer is not likely to buy another Tesla.” Ramsey also said, “The idea that you would not stop the line, and would patch something with spit and bailing wire — OK, not literally that, but close to it — almost certainly injects quality issues down the road that they are going to have to fix.”

Exposed to the elements

Exposure to the elements in GA4 poses another problem for the workers. Six current and recent Tesla employees said GA4 workers have repeatedly asked Tesla’s environmental health and safety teams to help with cold temperatures overnight, sweltering heat during the days, and pests — including mice and bugs — in the tent. They say workers commonly deal with heat rash and heat exhaustion. Tesla installed big fans in GA4 to distribute heat and circulate air. However they are not on consistently, these people said, and usually don’t make a big difference. Tesla said its environmental health and safety team monitors temperatures to ensure they are within a comfortable range for the safety of employees, production equipment and car parts. They also said they provide temperature controls like cool fans, hydration, rest breaks and heat stress awareness training to employees. Hot, dry conditions can also lead to problems with air quality. Correspondence reviewed by CNBC shows that Tesla required GA4 workers to report for duty even as wildfire smoke floated up from the massive Camp Fire that devastated Northern California in November. On Nov. 9, the day after the Camp Fire ignited, the AirNow Air Quality Index rated Fremont at an “unhealthy” 165, and continued in the unhealthy range for at least another week. Tesla did not proactively distribute respirator masks to GA4 workers in the first few days after the Camp Fire began. Workers had to request the masks, according to internal correspondence shared with CNBC. Inside the building portion of the factory they had HVAC and good air flow, but tent workers were stuck, said Maggie Aranda, and they did not get time off due to the smoke. Tesla says it offered air filter masks who those who wanted them and provided face masks every day as a precautionary measure. When conditions turn cold and wet, other problems arise. For instance, this photo shows rain seeping into the tented roof at GA4.

Rain seeps through a tent above Tesla’s GA4 Model 3 assembly line in Fremont, Calif.

Employees wear layers, and big coats that can impede their movement. Supervisors distribute disposable hand-warming packets that workers slip into their gloves or tape to their bodies. Tesla provided big red jackets for GA4 workers last year, but stopped distributing them by early 2019, according to several current and former employees. On cold nights early this year, workers in a tented “paint hospital” sometimes used heat lamps, which are used to dry paint and clear coat on cars, to warm their own bodies, according to current and former production associates. This paint hospital has since been moved indoors, according to public records with the city of Fremont. At a GA4 station where employees checked Model 3 vehicle alignment, Carlos Aranda said, workers used space heaters in late 2018. But when it rained, water seeping into the tent from above and below made these a hazard, he said. He shared photos of a leaking roof and space heater there, plugged in, with rain puddling nearby. Tesla says using space heaters is against company policy.

Tesla workers build cars in a tented assembly line called “GA4” where they are exposed to the elements, including big temperature swings and rain.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: lora kolodny
Keywords: news, cnbc, companies, tent, factory, production, harsh, took, employees, meet, model, tesla, say, worked, ga4, shortcuts, work, tape, workers, goals


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