As US-China relations sour, Taiwan’s value as a ‘chess piece’ may rise

Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington hav


Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington hav
As US-China relations sour, Taiwan’s value as a ‘chess piece’ may rise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: shirley tay
Keywords: news, cnbc, companies, taiwans, sour, chess, ustaiwan, tsai, chinese, rise, china, grossman, uschina, trump, relations, beijing, taiwan, value, piece, president


As US-China relations sour, Taiwan's value as a 'chess piece' may rise

Taiwan’s President Tsai Ing-Wen waves to assembled guests from the deck of the ‘Ming Chuan’ frigate during a ceremony to commission two Perry-class guided missile frigates from the U.S. into the Taiwan Navy, in the southern port of Kaohsiung on November 8, 2018. Chris Stowers | AFP | Getty Images

As the United States and China remain deadlocked in a deepening dispute over trade and technology, some experts say Taiwan’s value as a bargaining chip has increased. The self-governed island — which Beijing deems to be a renegade Chinese province — is one of many flashpoints in the rivalry between the world’s two superpowers. Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Under the Chinese Communist Party’s “One China” policy, the self-ruled island is part of mainland China. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington have been seen by Beijing as U.S. support for Taiwan’s independence movement. At the Shangri-la dialogue in Singapore last weekend, Chinese Lieutenant General Shao Yuanming said Washington’s support for Taipei has sent “terribly wrong signals to Taiwan’s independence forces, which could undermine regional peace and stability. ” “If anyone wants to separate Taiwan from the country, the Chinese military will resolutely defend the unity of our motherland at all costs,” Shao added.

‘Upgrade’ in US-Taiwan relations

The U.S. using Taiwan as a card is a new factor in the dynamic of the trilateral relationship that “really did not exist” before President Donald Trump came into power, said Bonnie Glaser, senior advisor for Asia at Washington-based think tank Center for Strategic and International Studies (CSIS). “Trump is a transactional president and he often seems to be willing to put anything on the table,” she told CNBC. On the military front, the Trump administration has ramped up arms sales to Taipei over the years, invoking the ire of Beijing. Washington is reportedly preparing a sale of more than $2 billion worth of tanks and weapons to Taiwan. Diplomatic issues have also come to the fore. In May, high-level security officials from the U.S. and Taiwan met for the first time in nearly four decades, drawing an angry response from Beijing. Chinese Foreign Minister Lu Kang said Beijing is “strongly dissatisfied” with and “resolutely opposed” to any official meetings between the U.S. and Taiwan. “I believe we’re inching closer & closer to Beijing’s redline on US-Taiwan senior official mtgs–those that are publicized at least,” Derek Grossman, a senior defense analyst at California-based think tank RAND Corporation, said on Twitter after the U.S.-Taiwan meeting.

Chinese President Xi Jinping arrives for an event to commemorate the 40th anniversary of the Message to Compatriots in Taiwan at the Great Hall of the People January 2, 2019 in Beijing, China. Mark Schiefelbein | Pool | Getty Images

Grossman told CNBC on email that his understanding is that such meetings “have been ongoing for some time in private.” “My hunch is that it was publicized this time via intentional leak from one or both sides to signal to China that the upgrade in U.S.-Taiwan relations is here to stay,” he added.

Taiwan’s next leader is key

Taiwan is set to have its presidential elections in January 2020 — and experts said the polls would likely determine the direction of cross-strait ties. Grossman said that if the incumbent Taiwanese president Tsai Ing-Wen is re-elected, which is “likely,” cross-strait tensions are likely to escalate further from 2020 to 2024. Glaser from CSIS echoed that sentiment, adding that if a candidate from the independence-leaning Democratic Progressive Party was elected, China would ratchet up military, diplomatic and economic pressure. “I think the Chinese would be worried that there’s always this potential for things to go in a very negative direction because the combination of Trump being president and the possibility that Tsai gets re-elected … could really embolden Tsai to move toward the direction of independence,” she added.

China could miscalculate and think the United States would get involved in a conflict, and that would really be a very dangerous situation. Bonnie Glaser senior advisor for Asia at the Center for Strategic and International Studies

According to Grossman, the best hope for keeping tensions under wraps would be if a candidate from the opposition Kuomintang (KMT) party wins the next Taiwan presidential race and recognizes the “One China” policy. That said, Grossman added, public opinion polling in Taiwan has shown that voters will not likely support the opposition KMT in doing so. “The Taiwanese have been observing how China’s ‘One Country, Two Systems’ approach has worked out in Hong Kong, and it isn’t too inspiring,” Grossman added. A public opinion survey conducted by the Taiwan’s Mainland Affairs Council in May also found that 83.6% of Taiwan opposes Xi’s “one country, two systems” policy.

A ‘small’ risk of escalation


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: shirley tay
Keywords: news, cnbc, companies, taiwans, sour, chess, ustaiwan, tsai, chinese, rise, china, grossman, uschina, trump, relations, beijing, taiwan, value, piece, president


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Putin and Xi hail ‘unprecedented’ ties as US relations sour

Russian President Vladimir Putin and Chinese President Xi Jingping attend a welcoming ceremony on May 20, 2014 in Shanghai, China. Welcoming Xi to the Kremlin on Wednesday, Putin said ties between Russia and China stood at “an unprecedented level.” Xi echoed that sentiment by saying that the countries’ relations had withstood “trials and tribulations” over the years and were now better than ever. On Wednesday evening, Putin and Xi will attend an event to mark the 70th anniversary of diplomatic r


Russian President Vladimir Putin and Chinese President Xi Jingping attend a welcoming ceremony on May 20, 2014 in Shanghai, China. Welcoming Xi to the Kremlin on Wednesday, Putin said ties between Russia and China stood at “an unprecedented level.” Xi echoed that sentiment by saying that the countries’ relations had withstood “trials and tribulations” over the years and were now better than ever. On Wednesday evening, Putin and Xi will attend an event to mark the 70th anniversary of diplomatic r
Putin and Xi hail ‘unprecedented’ ties as US relations sour Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: holly ellyatt
Keywords: news, cnbc, companies, xi, ties, relations, countries, sour, unprecedented, relationship, visit, hail, level, political, putin, president


Putin and Xi hail 'unprecedented' ties as US relations sour

Russian President Vladimir Putin and Chinese President Xi Jingping attend a welcoming ceremony on May 20, 2014 in Shanghai, China. Sasha Mordovets | Getty Images

Russia and China appear to be intent on strengthening their alliance and fostering deeper cooperation in the face of increased political and economic hostility from the U.S. The bid to strengthen bilateral ties continues this week as Chinese President Xi Jinping is in Russia Wednesday for the start of a three-day state visit and top-level talks with Putin. Welcoming Xi to the Kremlin on Wednesday, Putin said ties between Russia and China stood at “an unprecedented level.” Xi echoed that sentiment by saying that the countries’ relations had withstood “trials and tribulations” over the years and were now better than ever.

“We’ve managed to take our relationship to the highest level in our history,” Xi said. “We will continue to improve our ties and we are ready to go hand in hand with you,” he told Putin at the leaders’ initial meeting that was broadcast online. On Wednesday evening, Putin and Xi will attend an event to mark the 70th anniversary of diplomatic relations between the two countries. A number of trade and investment deals are expected to be signed, although a Kremlin spokesperson was unable to give more detail when contacted by CNBC. Xi will also attend and speak at Russia’s annual St. Petersburg International Economic Forum (SPIEF) that starts Thursday.

A new chapter

Ahead of the visit, Xi remarked on the blossoming relationship between the countries and the need to foster stronger ties. “I look forward to charting the course of our future relationship together with President (Vladimir) Putin and to seeing that our comprehensive strategic partnership of coordination will stride into a new era,” he told Russia’s TASS news agency on Tuesday. “Our two countries enjoy strong political trust and can always count on each other’s firm support on issues concerning our respective core interests and major concerns,” he noted.

Xi said the countries now had new opportunities for growth and “we have the confidence and capability to bring our relations to a new era of greater development at a higher level.” Chinese Vice Foreign Minister Zhang Hanhui noted at a press briefing Tuesday that the visit will “be of milestone significance in the development of bilateral relations,” and “surely promote greater development … under the new situation,” Xinhua news agency reported.

Strong political trust


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: holly ellyatt
Keywords: news, cnbc, companies, xi, ties, relations, countries, sour, unprecedented, relationship, visit, hail, level, political, putin, president


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America’s favorite Valentine’s Day candy is missing — here are some other options

This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void. Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the mar


This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void. Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the mar
America’s favorite Valentine’s Day candy is missing — here are some other options Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: amelia lucas, diana haronis, moment mobile, getty images
Keywords: news, cnbc, companies, americas, missing, sold, favorite, options, hearts, candy, conversation, sweethearts, day, brachs, spangler, valentines, brands, sour


America's favorite Valentine's Day candy is missing — here are some other options

This Valentine’s Day, consumers shouldn’t panic that the original conversation hearts candy isn’t on shelves. Other candy brands are stepping up to fill the void.

Sweethearts conversation hearts are unavailable for the first since since 1866 as the brand’s new owner, Spangler Candy, acquired it too late to produce the candy in time for the holiday. Spangler, best known for its Dum Dum lollipops, said in January that conversation hearts will return next year.

Americans are expected to spend $1.8 billion on candy this Valentine’s Day, according to the National Retail Federation. Some of that money will no doubt be spent on other versions of conversation hearts, in addition to chocolates.

Brach’s released three new lines of flavors for its conversation hearts this year. Brach’s, which has sold conversation hearts since the 1960s, said in a statement that it has been the market leader in conversation hearts for years. Candystore.com reported that Sweethearts’ version was the popular candy for the holiday last year.

“Brach’s size, texture, colors, sayings, flavors and quality provide the perfect sweet solution for those conversation heart lovers who are lamenting over reports that this Valentine’s favorite is not available this year,” Hans Becher, general manager of Brach’s and seasonal confections at parent company Ferrara Candy, said in a statement.

Spangler did not immediately respond to a request for comment.

For something a little more sour and less chalky, both Nestle’s SweeTarts and Mondelez’s Sour Patch Kids have their own take on conversation hearts. Besides the difference in flavor, the candies’ sayings aren’t as visible as those on Brach’s or Sweethearts’ versions.

New England Confectionery Co., also known as Necco, went out of business in July and sold Sweethearts and its other candy brands at auction. Round Hill Investments, which brought Hostess brands back from the brink, acquired Necco’s brands but sold Sweethearts and the Necco wafer brand several months later.

But fans of Sweethearts might be glad that the candy isn’t available this year. Bloomberg reported in October that exterminator visits to the factory had grown sporadic — and rat sightings became much more common.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: amelia lucas, diana haronis, moment mobile, getty images
Keywords: news, cnbc, companies, americas, missing, sold, favorite, options, hearts, candy, conversation, sweethearts, day, brachs, spangler, valentines, brands, sour


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Kevin O’Leary gives corn chip startup a sour reaction on ‘Shark Tank’

After just 13-months of selling his product, Sheldrake pitched Off the Cob Sweet Corn Tortilla Chips to “Shark Tank,” moving one-step closer to building a healthy household brand everyone can enjoy. “I was surprised by how much the Sharks liked my product,” Sheldrake said in an email to CNBC. It seemed like as soon as I gave them a bag of our sweet corn chips, they were so excited.” Will the taste of Off the Cob Sweet Corn Tortilla Chips prevail? Find out on “Shark Tank” Sunday at 8P ET on CNBC


After just 13-months of selling his product, Sheldrake pitched Off the Cob Sweet Corn Tortilla Chips to “Shark Tank,” moving one-step closer to building a healthy household brand everyone can enjoy. “I was surprised by how much the Sharks liked my product,” Sheldrake said in an email to CNBC. It seemed like as soon as I gave them a bag of our sweet corn chips, they were so excited.” Will the taste of Off the Cob Sweet Corn Tortilla Chips prevail? Find out on “Shark Tank” Sunday at 8P ET on CNBC
Kevin O’Leary gives corn chip startup a sour reaction on ‘Shark Tank’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: claire rodgers, sophia fraioli
Keywords: news, cnbc, companies, sharks, oleary, corn, tortilla, cob, shark, sour, chips, chip, product, reaction, startup, kevin, sheldrake, sweet, gives, tank


Kevin O'Leary gives corn chip startup a sour reaction on 'Shark Tank'

Founder of Off the Cob talks about the lessons he learned from ‘Shark Tank’ 5:05 PM ET Fri, 14 Dec 2018 | 01:42

Cameron Sheldrake isn’t a man who lets food go to waste.

When this third-generation farmer realized that his family’s supply of fresh sweet corn often outweighed the demand for the product, he made a solution only a true entrepreneur could make: Build a tortilla chip empire.

After just 13-months of selling his product, Sheldrake pitched Off the Cob Sweet Corn Tortilla Chips to “Shark Tank,” moving one-step closer to building a healthy household brand everyone can enjoy.

“My business is really important to me because it’s helping to sustain my family’s farm,” Sheldrake said on the show. “If I don’t get a deal from the Sharks, I don’t know what I’ll do.”

Sheldrake asked for $100,000 in exchange for a 15 percent stake in his company. After giving the Sharks a quick taste test, it didn’t take long for the investors to crave more.

“I was surprised by how much the Sharks liked my product,” Sheldrake said in an email to CNBC. It seemed like as soon as I gave them a bag of our sweet corn chips, they were so excited.”

Sheldrake jokingly commented that the timing may have had something to do with it, having just caught them before lunch. But despite the possible luck in timing, he said that overall their reactions and feedback were encouraging.

Of course, there’s always one tough Shark in particular that doesn’t swoon so easily. After learning that sales were just $45,000, Kevin O’Leary was quick to point out the obvious.

“You’re not making any money yet.”

Sheldrake jumped to the defense of his product and assured the Sharks that his company was on track to boost revenue, with the help of the largest distributor of natural foods in the U.S.

Still unconvinced, O’Leary added: “You know, I have a very simple model. If a business after three years isn’t making money, I call it a hobby. And if it’s not a hobby of yours, you should take it behind the barn and shoot it.”

Will the taste of Off the Cob Sweet Corn Tortilla Chips prevail? Or will Sheldrake walk away without a sweet deal? Find out on “Shark Tank” Sunday at 8P ET on CNBC


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: claire rodgers, sophia fraioli
Keywords: news, cnbc, companies, sharks, oleary, corn, tortilla, cob, shark, sour, chips, chip, product, reaction, startup, kevin, sheldrake, sweet, gives, tank


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ECRI’s Lakshman Achuthan turns sour on US economy, growth

One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. He contended it doesn’t fit within the narrative of the United States’ strong growth story. He believes Wall Street is finally starting to realize the economy is


One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. He contended it doesn’t fit within the narrative of the United States’ strong growth story. He believes Wall Street is finally starting to realize the economy is
ECRI’s Lakshman Achuthan turns sour on US economy, growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-07  Authors: stephanie landsman, jeff kowalsky, bloomberg, getty images, jin lee, mark ralston, afp, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, lakshman, slowdown, strong, achuthan, wall, unemployment, ecris, growth, economy, told, turns, sour, economic, market


ECRI's Lakshman Achuthan turns sour on US economy, growth

One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast.

The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case.

“What really caught our eye, is that unemployment rate — where it’s just flat-lined since October,” the firm’s chief operations officer said Friday on CNBC’s “Trading Nation.”

He contended it doesn’t fit within the narrative of the United States’ strong growth story.

His thoughts came as the Dow Jones Industrial Average was in the process of closing in correction territory — around 10 percent off its all-time high. He believes Wall Street is finally starting to realize the economy is not as strong anymore.

Achuthan isn’t the only one. Guggenheim’s head of investing sees a tough road ahead for the market and economy, with a sharp recession and a 40 percent decline in stocks looming.

Scott Minerd, who warned clients in a recent note that the market is on a “collision course with disaster,” told CNBC on Friday he expects the worst of the damage to start in late 2019 and into 2020. Along with the decline in equities, a rise in corporate bond defaults is likely as the Federal Reserve raises interest rates and companies struggle to pay off record debt levels.

“When we look at what may be the backdrop for all the jitters that are going on, we would point to a good old fashioned slowdown in the economy that is coming onto people’s radar just around now,” Achuthan said.

But don’t mistake Achuthan for being permanently bearish. He was a self-proclaimed “super bull” following the 2016 presidential election, as recession chatter was heating up.

“Last fall, the same leading indicators that anticipated the synchronized global growth that we all enjoyed last year in 2017, they turned over,” he added.

He isn’t calling for the economy to tank anytime soon. But with every passing month without a pickup in growth, Achuthan warns the economy will be less equipped to deal with a negative shock such as a potential trade war. So, he’s urging stock market investors to be vigilant.

Achuthan recommended retail investors should consider buying the 10-Year Treasuries the next time yields reach 3 percent, as leverage against downturn risks.

–CNBC’s Jeff Cox contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2018-04-07  Authors: stephanie landsman, jeff kowalsky, bloomberg, getty images, jin lee, mark ralston, afp, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, lakshman, slowdown, strong, achuthan, wall, unemployment, ecris, growth, economy, told, turns, sour, economic, market


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Live blog: Risk sentiment turns sour despite Dow highs, European stocks struggle at open

Our live blog is tracking reactions as Europe opens flat and Asian stocks close lower, failing to follow the optimism stateside after the Dow Jones industrial average topped 22,000 in the previous session. We’ll bring you the latest analysis below.


Our live blog is tracking reactions as Europe opens flat and Asian stocks close lower, failing to follow the optimism stateside after the Dow Jones industrial average topped 22,000 in the previous session. We’ll bring you the latest analysis below.
Live blog: Risk sentiment turns sour despite Dow highs, European stocks struggle at open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-03  Authors: spriha srivastava, luke graham, david reid
Keywords: news, games, cnbc, companies, opens, stocks, risk, topped, sour, open, reactions, live, sessionwell, sentiment, tracking, stateside, turns, optimism, lower, highs, struggle, european, previous


Live blog: Risk sentiment turns sour despite Dow highs, European stocks struggle at open

Our live blog is tracking reactions as Europe opens flat and Asian stocks close lower, failing to follow the optimism stateside after the Dow Jones industrial average topped 22,000 in the previous session.

We’ll bring you the latest analysis below.


Company: cnbc, Activity: cnbc, Date: 2017-08-03  Authors: spriha srivastava, luke graham, david reid
Keywords: news, games, cnbc, companies, opens, stocks, risk, topped, sour, open, reactions, live, sessionwell, sentiment, tracking, stateside, turns, optimism, lower, highs, struggle, european, previous


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Cramer unpacks Blue Apron’s IPO to find out what went sour

Blue Apron’s financials were also notably strong. Yet now, Blue Apron’s margins are getting worse, too, and we’ve got to wonder if they may have peaked last year,” when they were 33 percent, Cramer said. As Blue Apron’s business grows, the costs of marketing, products, technology, and other expenses grow with it. The most profound steamroller yet could prove to be Amazon, which announced its $13.7 billion bid for high-end grocer Whole Foods less than two weeks before Blue Apron’s IPO. While the


Blue Apron’s financials were also notably strong. Yet now, Blue Apron’s margins are getting worse, too, and we’ve got to wonder if they may have peaked last year,” when they were 33 percent, Cramer said. As Blue Apron’s business grows, the costs of marketing, products, technology, and other expenses grow with it. The most profound steamroller yet could prove to be Amazon, which announced its $13.7 billion bid for high-end grocer Whole Foods less than two weeks before Blue Apron’s IPO. While the
Cramer unpacks Blue Apron’s IPO to find out what went sour Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-07-06  Authors: elizabeth gurdus
Keywords: news, games, cnbc, companies, sour, revenue, apron, problems, ipo, went, quarter, margins, company, public, blue, unpacks, cramer, aprons


Cramer unpacks Blue Apron's IPO to find out what went sour

After all, Blue Apron is more than just a delivery service. The company gathers data to predict what its customers will want next, and its direct-to-consumer model lets it deliver highly perishable products fresh while giving customers deals and making more money.

Blue Apron’s financials were also notably strong. The company doubled its year-over-year revenue from $340 in 2015 to $795 million in 2016, with revenue growth of 133 percent last year.

Its gross margin, or what Blue Apron makes after subtracting the cost of goods sold, also grew by the high double digits in 2015 and 2016. But in 2017, both revenue and gross margin growth slowed dramatically — gross margins actually declined in the first quarter to 31.2 percent.

“For ages, this company’s fabulous margins were what made it stand out from traditional grocers, where the margins are razor-thin and continue to be pressured by ruinous competition every day. Yet now, Blue Apron’s margins are getting worse, too, and we’ve got to wonder if they may have peaked last year,” when they were 33 percent, Cramer said.

The main problem Blue Apron faces is a crowd of competing meal kit services including Plated, HelloFresh and Munchery, all of which threaten the newly public company’s profits.

But they are not the only threat. As Blue Apron’s business grows, the costs of marketing, products, technology, and other expenses grow with it.

That settled in when the company’s earnings before interest, taxes, depreciation and amortization, or EBITDA, were lower in the first quarter of 2017 than the were in the last two full years combined.

“It’s unsustainable,” Cramer said. “As long as its costs keep rising faster than its sales, it’s hard to see how Blue Apron can become profitable, but if they cut back on their spending? Jeez, then the competition might steamroll them.”

The most profound steamroller yet could prove to be Amazon, which announced its $13.7 billion bid for high-end grocer Whole Foods less than two weeks before Blue Apron’s IPO.

While the situation for Blue Apron seems grim, Cramer did not want to tie it too closely to the IPO market for tech companies, specifically. He did not see its problems as emblematic of struggles in tech, but rather, as a symptom of problems in the grocery space.

“Here’s the bottom line: don’t freak out about Blue Apron. This is a company that came public too late, too late to cash in on the period of insane growth,” Cramer said. “It probably should’ve IPO’d a year ago if it wanted to get a better valuation. Could it be worth owning at some level? Look, I’m concerned about what Blue Apron’s first quarter out of the gate as a public company might look like, so my advice to you here is to stay on the sidelines for now and be patient. Maybe they can get the problems under control and you can swoop in at a lower level. Maybe.”

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Company: cnbc, Activity: cnbc, Date: 2017-07-06  Authors: elizabeth gurdus
Keywords: news, games, cnbc, companies, sour, revenue, apron, problems, ipo, went, quarter, margins, company, public, blue, unpacks, cramer, aprons


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Uber’s CEO is out: Here’s everything that went wrong with Uber this year

Kalanick had to break ‘billions of eggs’ to make this omelet: Cramer 6 Hours Ago | 00:56As of early this morning, Uber CEO Travis Kalanick is out. It’s the latest chapter in what has become perhaps the most enticing tech story of the year that, many might argue, begins with the bombshell blog by former Uber engineer Susan Fowler that reveals systemic sexism at Uber. Things started to sour earlier this year, however. Here’s how it all went down:


Kalanick had to break ‘billions of eggs’ to make this omelet: Cramer 6 Hours Ago | 00:56As of early this morning, Uber CEO Travis Kalanick is out. It’s the latest chapter in what has become perhaps the most enticing tech story of the year that, many might argue, begins with the bombshell blog by former Uber engineer Susan Fowler that reveals systemic sexism at Uber. Things started to sour earlier this year, however. Here’s how it all went down:
Uber’s CEO is out: Here’s everything that went wrong with Uber this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-06-21  Authors: todd haselton, robert galbraith
Keywords: news, games, cnbc, companies, went, sour, susan, uberthings, systemic, tech, kalanick, ceo, uber, travis, started, ubers, wrong, heres


Uber's CEO is out: Here's everything that went wrong with Uber this year

Kalanick had to break ‘billions of eggs’ to make this omelet: Cramer 6 Hours Ago | 00:56

As of early this morning, Uber CEO Travis Kalanick is out.

It’s the latest chapter in what has become perhaps the most enticing tech story of the year that, many might argue, begins with the bombshell blog by former Uber engineer Susan Fowler that reveals systemic sexism at Uber.

Things started to sour earlier this year, however. Here’s how it all went down:


Company: cnbc, Activity: cnbc, Date: 2017-06-21  Authors: todd haselton, robert galbraith
Keywords: news, games, cnbc, companies, went, sour, susan, uberthings, systemic, tech, kalanick, ceo, uber, travis, started, ubers, wrong, heres


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