Former FEC Commissioner: Facebook shouldn’t be the ‘arbiter’ of facts

Former FEC Commissioner: Facebook shouldn’t be the ‘arbiter’ of facts47 Mins AgoLee Goodman, former FEC commissioner and a partner at Wiley Rein, and Sara Fischer, Axios media reporter, join “Squawk Box” to discuss the controversy of Facebook’s political advertisement policy.


Former FEC Commissioner: Facebook shouldn’t be the ‘arbiter’ of facts47 Mins AgoLee Goodman, former FEC commissioner and a partner at Wiley Rein, and Sara Fischer, Axios media reporter, join “Squawk Box” to discuss the controversy of Facebook’s political advertisement policy.
Former FEC Commissioner: Facebook shouldn’t be the ‘arbiter’ of facts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, policy, shouldnt, facts, commissioner, rein, reporter, fec, arbiter, facebook, political, squawk, wiley, sara


Former FEC Commissioner: Facebook shouldn't be the 'arbiter' of facts

Former FEC Commissioner: Facebook shouldn’t be the ‘arbiter’ of facts

47 Mins Ago

Lee Goodman, former FEC commissioner and a partner at Wiley Rein, and Sara Fischer, Axios media reporter, join “Squawk Box” to discuss the controversy of Facebook’s political advertisement policy.


Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, policy, shouldnt, facts, commissioner, rein, reporter, fec, arbiter, facebook, political, squawk, wiley, sara


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4 ways to save money on housing, even as costs keep going up

“Total housing costs shouldn’t exceed 28%,” says Heather Winston, a certified financial planner at retirement plan provider Principal, referring to the “28/36 rule” used by some advisors to help determine home affordability. How to save money on housingHere are some ways you may be able to save some money whether you’re a homeowner or a renter. Invest in upgrades Making some small changes around the house may help you save money on your utility bills. You can use your negotiation skills to save


“Total housing costs shouldn’t exceed 28%,” says Heather Winston, a certified financial planner at retirement plan provider Principal, referring to the “28/36 rule” used by some advisors to help determine home affordability. How to save money on housingHere are some ways you may be able to save some money whether you’re a homeowner or a renter. Invest in upgrades Making some small changes around the house may help you save money on your utility bills. You can use your negotiation skills to save
4 ways to save money on housing, even as costs keep going up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-05  Authors: sam becker, anna-louise jackson, lisa ferber
Keywords: news, cnbc, companies, housing, costs, negotiate, youre, utility, going, rent, upgrades, ways, consider, money, save, shouldnt


4 ways to save money on housing, even as costs keep going up

Housing can be the single biggest monthly expense in your budget. Your rent or mortgage payment can eat up a significant portion of your income, and it can be particularly difficult to figure out how to spend less on where you live. In some places, especially cities with high rents and astronomical home prices, keeping housing costs manageable is incredibly difficult. Ideally, experts say you should be spending only around a quarter of your income on housing-related costs. “Total housing costs shouldn’t exceed 28%,” says Heather Winston, a certified financial planner at retirement plan provider Principal, referring to the “28/36 rule” used by some advisors to help determine home affordability. “That’s superhard, especially for young people in an expensive real estate market,” Winston says.

How to save money on housing

Here are some ways you may be able to save some money whether you’re a homeowner or a renter. 1. Consider refinancing The current economic environment is friendly to homeowners looking to refinance, so it may be a good idea to consider your options. Mortgage rates are falling, which opens up an opportunity for homeowners to refinance and potentially lower your payments. Rates are 1.25 percentage points lower than they were in October 2018, which could save those with a $300,000 mortgage as much as $2,700 per year.

2. Invest in upgrades Making some small changes around the house may help you save money on your utility bills. Salvador Nobre Veiga, a 32-year-old living in Pennsylvania, told Grow earlier this year that he was able to reduce his annual utility costs by 66% by making upgrades to his house. For Nobre Veiga, investing in additional insulation, energy-efficient light bulbs, and a smart thermostat saved him hundreds of dollars per year. These are upgrades you can consider, too, whether you’re a homeowner or a renter. Utility bills cost the average household in the U.S. around $2,000 per year, so a few small upgrades can potentially save you hundreds of dollars annually. 3. Negotiate You can negotiate the price of almost anything. The trouble is, many people find it uncomfortable, so they just accept the terms they’re offered. But you shouldn’t be afraid to ask for a better deal. You can use your negotiation skills to save money in other areas, too. Homeowners can negotiate with their insurance companies or contractors to save money on certain bills. Renters may be able to negotiate reductions in rent in exchange for making upgrades or repairs to properties, or in exchange for signing longer leases. It never hurts to ask — just remember to be nice.

4. Consider moving If you run out of options and can’t find a way for your current living situation to make financial sense, it may be in your best interest to move. For renters, this will be easier — though you still may have to pay a fee if you break your lease. But even that might save you money if you can find a significantly less expensive place to rent or share. Selling a house is a much bigger project, and it can take both an emotional and a financial toll. You can always look at other options, such as selling equity in your home to help you get by, before deciding to put your home on the market. Even if you’re open to moving, make sure you shift to a place you can better afford so you won’t end up finding yourself in a worse, or equally difficult, situation. And you probably shouldn’t hold out hope that your rent or home prices will decrease in the near future.

Housing costs keep going up


Company: cnbc, Activity: cnbc, Date: 2019-10-05  Authors: sam becker, anna-louise jackson, lisa ferber
Keywords: news, cnbc, companies, housing, costs, negotiate, youre, utility, going, rent, upgrades, ways, consider, money, save, shouldnt


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Disney CEO Bob Iger tells Jim Cramer why he had second thoughts on a Twitter deal — ‘I got cold feet for the right reasons’

Disney CEO Bob Iger revealed to CNBC’s Jim Cramer why the entertainment conglomerate turned down a chance to buy Twitter years ago: “It just didn’t feel ‘Disney’ to me.” In a “Mad Money” interview that aired Tuesday, Iger pulled back the curtain on his thought process when Disney considered buying the social media platform in 2016. Twitter the social platform has a way of closing the gap that exist between brands, along with celebrities, and their target audience. Shares of Twitter fell nearly 3


Disney CEO Bob Iger revealed to CNBC’s Jim Cramer why the entertainment conglomerate turned down a chance to buy Twitter years ago: “It just didn’t feel ‘Disney’ to me.” In a “Mad Money” interview that aired Tuesday, Iger pulled back the curtain on his thought process when Disney considered buying the social media platform in 2016. Twitter the social platform has a way of closing the gap that exist between brands, along with celebrities, and their target audience. Shares of Twitter fell nearly 3
Disney CEO Bob Iger tells Jim Cramer why he had second thoughts on a Twitter deal — ‘I got cold feet for the right reasons’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: tyler clifford
Keywords: news, cnbc, companies, disney, jim, feet, reasons, thought, nearly, second, social, shouldnt, thoughts, right, platform, iger, twitter, tells, company, things


Disney CEO Bob Iger tells Jim Cramer why he had second thoughts on a Twitter deal — 'I got cold feet for the right reasons'

Disney CEO Bob Iger revealed to CNBC’s Jim Cramer why the entertainment conglomerate turned down a chance to buy Twitter years ago: “It just didn’t feel ‘Disney’ to me.”

In a “Mad Money” interview that aired Tuesday, Iger pulled back the curtain on his thought process when Disney considered buying the social media platform in 2016.

“Well, I got cold feet for the right reasons. … I thought we’d be taking on responsibility that we shouldn’t take on” because “it was too complex in terms of Twitter’s place in the world,” Iger explained to Cramer.

The chief, who has been in the seat since 2005, wrote about the potential Twitter deal in his new memoir “The Ride of a Lifetime” that is now available.

At the time, Disney was exploring ways to deliver its content to consumers. Twitter the social platform has a way of closing the gap that exist between brands, along with celebrities, and their target audience.

“It was interesting because we thought it would be a good platform to distribute our content on and to get closer to consumers, which is critical in today’s business environment,” Iger said in the interview, “but I thought there are things Disney does well, and there are things Disney doesn’t do well, but there are things Disney shouldn’t even try to do well and that was one of them.”

Disney later bought a majority interest in BAMTech, a sports streaming website.

Twitter was reportedly gauging takeover interest from a number of technology businesses, including Google’s Alphabet and Salesforce, that ultimately never came to fruition. The company could provide valuable access to a large amount of user data, but was challenged by its slowest growth since going public three years prior and had meek forecast.

Shares of Twitter fell nearly 30% to $16.30 in 2016 trading, according to FactSet. The company’s fortunes, however, have since reverse, climbing nearly 154% to date.

Under Iger’s nearly 14-year tenure as head of Disney, the value of the mass media company has increased more than 454%, FactSet said. The stock closed Tuesday’s session at ___ and the company is worth more than $237 billion.


Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: tyler clifford
Keywords: news, cnbc, companies, disney, jim, feet, reasons, thought, nearly, second, social, shouldnt, thoughts, right, platform, iger, twitter, tells, company, things


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Palantir CEO says Google shouldn’t rule A.I.

Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google’s decision to work in China, while abandoning military contracts in the US. By contrast, Karp said in an interview with Bloomberg that Palantir “doesn’t work with adversaries of the US.” “Does the average American trust a platform company, including Google, to decide whether we should be the dominant player in AI?” At the same time, Google has sought to make inroads into China, through a number of AI, cloud


Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google’s decision to work in China, while abandoning military contracts in the US. By contrast, Karp said in an interview with Bloomberg that Palantir “doesn’t work with adversaries of the US.” “Does the average American trust a platform company, including Google, to decide whether we should be the dominant player in AI?” At the same time, Google has sought to make inroads into China, through a number of AI, cloud
Palantir CEO says Google shouldn’t rule A.I. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: annie palmer
Keywords: news, cnbc, companies, ai, intelligence, thiel, trump, work, palantir, ceo, china, company, googles, karp, google, rule, shouldnt, thiels


Palantir CEO says Google shouldn't rule A.I.

Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google’s decision to work in China, while abandoning military contracts in the US.

Google has faced renewed scrutiny from Thiel, a Trump supporter and Facebook board member, who said last month that the FBI and CIA should investigate the company to see if it has been “infiltrated” by foreign intelligence agencies.

By contrast, Karp said in an interview with Bloomberg that Palantir “doesn’t work with adversaries of the US.”

“Does the average American trust a platform company, including Google, to decide whether we should be the dominant player in AI?” Karp told Bloomberg. “Is that something we want to outsource to a small number of platforms in a very small part of the world, with people who are from a very narrow sliver of society?”

“I reject that, and I reject that a handful of people in Palo Alto are going to determine what the lawful execution of policy is,” he added.

Last June, Google announced it would not renew a controversial contract with the Department of Defense after it expired in March. Under the contract, referred to as “Project Maven,” Google partnered with the Pentagon to help it analyze and interpret drone videos using artificial intelligence. The work sparked a firestorm inside Google, prompting dozens of employees to resign in protest.

At the same time, Google has sought to make inroads into China, through a number of AI, cloud computing and hardware projects. The company has repeatedly denied that it works with the Chinese military.

Those moves prompted Thiel to refer to Google’s work in China as “seemingly treasonous.” The comments caught the attention of President Donald Trump, who said his administration would look into Thiel’s claims.

Many experts have downplayed Thiel’s concerns, including Trump’s national economic advisor, Larry Kudlow, who said: “I meet with Google, I meet with Google’s CEO on a regular basis. I think they’re working for America, for our military, not for China.”

Karp has been a vocal critic of the very community his company is a part of in the past. He criticized Silicon Valley companies for refusing to work with the federal government, while “selling their products that are adversarial to America.”

Palantir, which is reportedly eyeing an IPO in 2020, was founded in 2004 by Karp, Thiel and other ex-Stanford students. The company develops defense and intelligence products, as well as corporate management software.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: annie palmer
Keywords: news, cnbc, companies, ai, intelligence, thiel, trump, work, palantir, ceo, china, company, googles, karp, google, rule, shouldnt, thiels


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Visa CEO: Unlike PayPal and Square, we won’t block gun purchases

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday. Payment companies PayPal and Square do not allow their services to be used for gun sales. Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases. Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. While Vis


Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday. Payment companies PayPal and Square do not allow their services to be used for gun sales. Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases. Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. While Vis
Visa CEO: Unlike PayPal and Square, we won’t block gun purchases Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jasmine kim, matthew j belvedere
Keywords: news, cnbc, companies, gun, kelly, shouldnt, weve, ceo, continue, buy, square, paypal, company, purchases, unlike, visa, wont, block, laws


Visa CEO: Unlike PayPal and Square, we won't block gun purchases

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday.

“We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,” said Visa Chairman and CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the deadly weekend mass shootings in Texas and Ohio.

Payment companies PayPal and Square do not allow their services to be used for gun sales.

Kelly said it is the legislators who “need to do their job,” and Visa’s stance as a payment processor for gun purchases hasn’t changed over the past year.

“The reality is that it’s very hard for us to do it. … If we start to get in the mode of being legislators it’s a very slippery slope,” Kelly said. “We shouldn’t be determining what’s right or wrong in terms of people’s purchases.”

The company will continue to “follow the laws of the land,” he added.

“We shouldn’t tell people they can’t purchase a 32-ounce soda. We shouldn’t tell people they can’t buy reproductive drugs,” Kelly said.

Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases.

Ajay Banga, CEO of Mastercard, said it is not his company’s place to dictate what consumers can and cannot buy, according to a Bloomberg article. Banga does not think personal beliefs should guide how he operates his company’s networks.

Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. He told CNBC that more company leaders need to “come out and massively say, ‘We’ve got to do something about this.'”

Another CEO speaking out is Apple’s Tim Cook. He tweeted that he’s “heartbroken” over the shootings that happened in El Paso and Dayton last weekend.

While Visa will continue to allow its customers to buy and sell guns, Kelly called out policymakers.

“They ought to get busy on some common sense changes to deal with the horrific problems that we’ve seen in the United States, not just this weekend but for years and years,” he said. “It’s time to start looking at mental health, the size of these magazines, the type of weapons. They’ve got to do something.”


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jasmine kim, matthew j belvedere
Keywords: news, cnbc, companies, gun, kelly, shouldnt, weve, ceo, continue, buy, square, paypal, company, purchases, unlike, visa, wont, block, laws


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Mnuchin says progress being made on debt limit deal, markets shouldn’t be concerned

“I think everybody is in agreement that we won’t do anything that puts the U.S. government at risk in terms of our issue of defaulting. So I don’t think the market should be concerned, and we’re working hard. He added that everybody involved is aware of the risks that the inability to reach a deal would bring. The Treasury has been using a series of “extraordinary measures” to keep the government running while the spending impasse continues. Mnuchin earlier had said that those measures could kee


“I think everybody is in agreement that we won’t do anything that puts the U.S. government at risk in terms of our issue of defaulting. So I don’t think the market should be concerned, and we’re working hard. He added that everybody involved is aware of the risks that the inability to reach a deal would bring. The Treasury has been using a series of “extraordinary measures” to keep the government running while the spending impasse continues. Mnuchin earlier had said that those measures could kee
Mnuchin says progress being made on debt limit deal, markets shouldn’t be concerned Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: jeff cox
Keywords: news, cnbc, companies, progress, deal, working, concerned, spending, suspending, agreement, shouldnt, debt, sides, service, limit, markets, think, mnuchin, measures, treasury


Mnuchin says progress being made on debt limit deal, markets shouldn't be concerned

Treasury Secretary Steven Mnuchin told CNBC on Thursday the administration and congressional leaders are continuing toward resolving an impasse over the debt ceiling and he is confident an agreement will be reached that will ensure the U.S. does not default on its obligations.

“I don’t think the market should be concerned,” he said. “I think everybody is in agreement that we won’t do anything that puts the U.S. government at risk in terms of our issue of defaulting. I think that nobody wants a shutdown in any scenario. So I don’t think the market should be concerned, and we’re working hard. We’ll get there one way or another.”

In what he called his “most conservative” scenario, the U.S. could lose its spending ability by early September. At that point, the Treasury would not be able to make payments on its $22 trillion debt load, a potentially catastrophic event that would ripple through financial and world markets.

Both sides have been negotiating on reaching future spending limits and a longer-term agreement on continuing to allow the government the ability to borrow. There have been some indications that an agreement is near, though CNBC’s Ylan Mui reported earlier that the two sides remain significantly apart.

In the interview on “Squawk Box, ” Mnuchin said he has been having “daily conversations” with House Speaker Nancy Pelosi, D-Calif., they have reached an agreement on “top-line” spending numbers over a one- and two-year period, and are now working on “offsets” to put caps on spending.

He added that everybody involved is aware of the risks that the inability to reach a deal would bring.

“I’ve discussed that with the leadership of both the House and the Senate,” he said. “That’s why I’ve encouraged them to raise the debt ceiling before they leave.”

Lawmakers plan on leaving for their August recess on July 26.

The Treasury has been using a series of “extraordinary measures” to keep the government running while the spending impasse continues. The measures currently in use entail halting sales of state and local government series Treasury securities, redeeming existing sales and suspending any new investments of civil service and Postal Service pension funds, and suspending reinvestments of the Government Securities Investment Fund and the Exchange Stabilization Fund.

Mnuchin earlier had said that those measures could keep the U.S. afloat into November, but recently shortened the time span.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: jeff cox
Keywords: news, cnbc, companies, progress, deal, working, concerned, spending, suspending, agreement, shouldnt, debt, sides, service, limit, markets, think, mnuchin, measures, treasury


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Warren Buffett doesn’t worry about how his investments perform year over year—here’s why you shouldn’t either

Berkshire Hathaway CEO Warren Buffett doesn’t care how well the companies he’s invested in did last year — he’s more concerned with how they perform over decades. “We’ve made a lot of money in stocks over time,” he told CNBC’s Becky Quick during an interview on “Squawk Box” in February. Buffett chooses companies that he believes will perform well long-term, regardless of how they’re doing at any given point. “We sort of know it when we see it,” Buffett said during the Berkshire Hathaway 2017 Ann


Berkshire Hathaway CEO Warren Buffett doesn’t care how well the companies he’s invested in did last year — he’s more concerned with how they perform over decades. “We’ve made a lot of money in stocks over time,” he told CNBC’s Becky Quick during an interview on “Squawk Box” in February. Buffett chooses companies that he believes will perform well long-term, regardless of how they’re doing at any given point. “We sort of know it when we see it,” Buffett said during the Berkshire Hathaway 2017 Ann
Warren Buffett doesn’t worry about how his investments perform year over year—here’s why you shouldn’t either Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: emmie martin
Keywords: news, cnbc, companies, worry, quick, hes, money, shouldnt, investments, theyre, companies, perform, warren, yearheres, doesnt, buffett, berkshire, told, hathaway


Warren Buffett doesn't worry about how his investments perform year over year—here's why you shouldn't either

Berkshire Hathaway CEO Warren Buffett doesn’t care how well the companies he’s invested in did last year — he’s more concerned with how they perform over decades.

“We’ve made a lot of money in stocks over time,” he told CNBC’s Becky Quick during an interview on “Squawk Box” in February. “But there’s been years when we’ve lost money, too.”

While he expects Berkshire to come out ahead over time, “we haven’t got the faintest idea what years we’ll be up or down,” he says.

Buffett chooses companies that he believes will perform well long-term, regardless of how they’re doing at any given point. This “buy and hold” strategy is one he has reiterated time and time again. When deciding if he should put money into a company, longevity has always been a major consideration.

“We sort of know it when we see it,” Buffett said during the Berkshire Hathaway 2017 Annual Shareholders Meeting. “It would tend to be a business that for one reason or another we can look out five or 10 or 20 years, and decide that the competitive advantage that it had at the present would last over that period.”

Because of that, he doesn’t pay attention to the news when making investment decisions.

“I’m not buying them because I think they’re going to go up the next day or the next week,” he told Quick in February. “We watch the prices of things we do more than current events.”


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: emmie martin
Keywords: news, cnbc, companies, worry, quick, hes, money, shouldnt, investments, theyre, companies, perform, warren, yearheres, doesnt, buffett, berkshire, told, hathaway


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AOC introduces her latest ‘unusual’ policy—3 months of paid parental leave for her staff

“I’d like to share another ‘unusual’ (but shouldn’t be) part of my office policy w/ you all: Parental Leave!” In my office, *every* new parent receives 3 mos paid leave – including dads.” “Paid parental leave applies to ALL new parents, period. If you’ve got a new child, you get 12 weeks to spend adjusting your family to this huge transition,” she wrote. “Our 12 weeks parental leave is up to the parent on how they want to use that time.


“I’d like to share another ‘unusual’ (but shouldn’t be) part of my office policy w/ you all: Parental Leave!” In my office, *every* new parent receives 3 mos paid leave – including dads.” “Paid parental leave applies to ALL new parents, period. If you’ve got a new child, you get 12 weeks to spend adjusting your family to this huge transition,” she wrote. “Our 12 weeks parental leave is up to the parent on how they want to use that time.
AOC introduces her latest ‘unusual’ policy—3 months of paid parental leave for her staff Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: abigail hess, reuters jeenah moon file photo, spencer platt getty images, brendan smialowski afp getty images
Keywords: news, cnbc, companies, policy3, parents, shouldnt, paid, policy, parental, months, transition, 12, unusual, latest, staff, office, aoc, leave, weeks, introduces


AOC introduces her latest 'unusual' policy—3 months of paid parental leave for her staff

On Friday Rep. Alexandria Ocasio-Cortez announced what she calls another “‘unusual’ (but shouldn’t be)” dimension of her office policy: In addition to paying all of her staffers at least $52,000 a year and paying interns $15 an hour plus benefits, her office will provide three months of paid parental leave.

“I’d like to share another ‘unusual’ (but shouldn’t be) part of my office policy w/ you all: Parental Leave!” the congresswoman tweeted on Friday. “Three members of our small team are expectant or new parents in the first 6 mos of my term. In my office, *every* new parent receives 3 mos paid leave – including dads.”

In an eight-part Twitter thread, she detailed how the policy works for her staff.

“Paid parental leave applies to ALL new parents, period. Moms, dads, parents; biological or adopted. If you’ve got a new child, you get 12 weeks to spend adjusting your family to this huge transition,” she wrote. “Our 12 weeks parental leave is up to the parent on how they want to use that time. They don’t have to take all 12 weeks at once – for example, they can take 5 weeks off and work 2 days a week to transition in; bank 3 weeks for later in the year, etc.”


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: abigail hess, reuters jeenah moon file photo, spencer platt getty images, brendan smialowski afp getty images
Keywords: news, cnbc, companies, policy3, parents, shouldnt, paid, policy, parental, months, transition, 12, unusual, latest, staff, office, aoc, leave, weeks, introduces


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BlackRock’s Rieder says Fed shouldn’t be too concerned about low inflation

BlackRock’s Rick Rieder said Wednesday the Fed is unnecessarily concerned about low inflation and is more likely to raise interest rates before it cuts them. Rieder, BlackRock’s global CIO of fixed income, said the way the Fed discusses weaker inflation Wednesday afternoon following its two-day meeting could impact markets. “They should target nominal GDP,” he said, noting that first-quarter real GDP was 3.2% and core inflation was 1.6%. “If you’re running at a nominal GDP that is above trend wi


BlackRock’s Rick Rieder said Wednesday the Fed is unnecessarily concerned about low inflation and is more likely to raise interest rates before it cuts them. Rieder, BlackRock’s global CIO of fixed income, said the way the Fed discusses weaker inflation Wednesday afternoon following its two-day meeting could impact markets. “They should target nominal GDP,” he said, noting that first-quarter real GDP was 3.2% and core inflation was 1.6%. “If you’re running at a nominal GDP that is above trend wi
BlackRock’s Rieder says Fed shouldn’t be too concerned about low inflation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: patti domm
Keywords: news, cnbc, companies, blackrocks, rate, rieder, inflation, concerned, global, low, shouldnt, gdp, rates, interest, think, fed, important


BlackRock's Rieder says Fed shouldn't be too concerned about low inflation

BlackRock’s Rick Rieder said Wednesday the Fed is unnecessarily concerned about low inflation and is more likely to raise interest rates before it cuts them.

Rieder, BlackRock’s global CIO of fixed income, said the way the Fed discusses weaker inflation Wednesday afternoon following its two-day meeting could impact markets. The futures market is pricing in a partial rate hike for 2019, and some investors believe the Fed could have an “insurance” interest rate cut later in the year to make sure the economy doesn’t lose traction.

“I don’t agree,” said Rieder. “I still think there’s a possibility they get one more rate hike in. But I just think they’re not going to do anything for an extended period of time, and I don’t think they need to.”

“I think this is Goldilocks for the Fed. I think they can go away,” he said.

The Fed releases its statement at 2 p.m. ET, just ahead of Fed Chairman Jerome Powell’s press briefing at 2:30 p.m. ET.

“I think the key is how much they downgrade inflation. I think the press conference is important. I think the statement is important. I also think this event on Friday is important in terms of how they’re thinking about where inflation is relative to growth,” said Rieder, referring to a Hoover Institution conference Friday, where Fed policy will be discussed.

Some market pros are hoping to hear more details from Powell on how worried the Fed is about the lack of inflation and at what point it would consider cutting interest rates.

Rieder said he does not believe inflation measures have the same meaning they once did. “We live in an environment where core goods are going to deflate, just because of where technology and globalization have moved to,” he said.

Instead, he believes the Fed should track GDP.

“They should target nominal GDP,” he said, noting that first-quarter real GDP was 3.2% and core inflation was 1.6%. “If you’re running at a nominal GDP that is above trend with inflation staying low, it’s terrific for the population at large. The whole concept of you having to drive inflation higher, why? As long as GDP is buoyant and it is.”

As for the rates outlook, Rieder said he believes the 10-year Treasury yield will be locked in a range for a longer period of time.

“I could see the 10-year moving back to 2.65, 2.70,” he said. But with the easy policy of other global central banks, like the European Central Bank and Bank of Japan, long-end rates should not move much higher.

“I don’t think you’ll see 3% 10-year this year. One of the things that would have to drive it is global growth would have to pick up more,” he said.

Rieder, who is also lead portfolio manager for BlackRock’s Global Allocation Fund, the firm’s largest mutual fund, sees a good environment now for stocks.

“I think equities are going to [be] higher. I think you have a dynamic now if you keep the discount rate on hold, the Fed has functionally given global guidance. With growth picking up and the equity buybacks are still high, what people are beginning to realize is there aren’t enough financial assets in the world relative to demand,” he said. As long as rates stay stable, he said stocks should go higher.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: patti domm
Keywords: news, cnbc, companies, blackrocks, rate, rieder, inflation, concerned, global, low, shouldnt, gdp, rates, interest, think, fed, important


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Josh Brown on why volatility shouldn’t scare you — even close to retirement

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


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


Josh Brown on why volatility shouldn't scare you — even close to retirement

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

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

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

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

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

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

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

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

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

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

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

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

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

More from Invest in You:

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

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: josh brown
Keywords: news, cnbc, companies, longterm, close, josh, running, shouldnt, brown, volatility, youre, uncertainty, money, retirement, returns, real, scare, risk, investors


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