Ivanka Trump: ‘Women are thriving in the Trump economy’

Ivanka Trump told CNBC on Wednesday the American economy under her father’s leadership has helped deliver unprecedented success to women in the workforce. Ivanka Trump also noted women accounted for more of the workforce than men for only the second time in U.S. history, pointing to Labor Department figures released in January. Also Wednesday, Ivanka Trump announced that Sens. In the 12 months since the initiative launched, an estimated 12 million women in the developing world have been impacted


Ivanka Trump told CNBC on Wednesday the American economy under her father’s leadership has helped deliver unprecedented success to women in the workforce.
Ivanka Trump also noted women accounted for more of the workforce than men for only the second time in U.S. history, pointing to Labor Department figures released in January.
Also Wednesday, Ivanka Trump announced that Sens.
In the 12 months since the initiative launched, an estimated 12 million women in the developing world have been impacted
Ivanka Trump: ‘Women are thriving in the Trump economy’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, economy, million, working, president, ivanka, womens, development, thriving, trump, success, women


Ivanka Trump: 'Women are thriving in the Trump economy'

Ivanka Trump told CNBC on Wednesday the American economy under her father’s leadership has helped deliver unprecedented success to women in the workforce.

“Women are thriving like never before,” the senior White House advisor said in an interview on “Closing Bell.”

Ivanka Trump, who was speaking to CNBC ahead of an event to mark the one-year anniversary of Women’s Global Development and Prosperity Initiative, said there is ample evidence of that success under President Donald Trump.

She said unemployment rates for women are the lowest they’ve been in 75 years. In September, the unemployment rate for women was 3.4%, reaching its lowest figure since September 1953.

The rate has stayed close to that since, registering at 3.5% in January. It was 4.7% in January 2017, the month her father was inaugurated.

Ivanka Trump also noted women accounted for more of the workforce than men for only the second time in U.S. history, pointing to Labor Department figures released in January. Those numbers showed women held 50.04% of jobs in December.

And in 2019, she said, 72% of new jobs secured went to women.

These successes stem from “the fact that we’ve backed policies that not only create the growth, but enable that type of economic opportunity,” she said.

One way the administration has done so is by recognizing “the complexity of being a woman by supporting high-quality child care for parents who are working and can’t afford it,” she added. “That is an undeniable work-related expense.”

She called attention to the “largest-ever expansion” of the Child Care and Development Block Grant, a $2.37 billion increase that Congress approved in 2018.

And more recently, President Trump in December signed into law a bill that gave 2.1 million nonmilitary federal workers 12 weeks of paid leave.

“We’ve moved the ball more on paid family leave than in the 25 years since FMLA was passed,” she said, referencing the Family and Medical Leave Act of 1993.

“So women are thriving in the Trump economy,” she said. “And our track record … of success backs that up.”

She pushed back on the suggestion that the Trump administration was not supportive of women.

Critics point to the administration’s strong anti-abortion stances, as well as the president’s history of making demeaning comments on the appearances of women.

They also highlight the leaked 2005 “Access Hollywood” tape, in which her father brags about grabbing women’s genitals, and the numerous allegations of sexual assault against him. The president denies those allegations.

Also Wednesday, Ivanka Trump announced that Sens. Lindsey Graham, R-S.C., and Jeanne Shaheen, D-N.H., are working to codify into law her Women’s Global Development and Prosperity Initiative.

Graham are seeking to pass legislation that would establish economic empowerment of women an official U.S. foreign policy goal.

In the 12 months since the initiative launched, an estimated 12 million women in the developing world have been impacted through funding and other partnerships, Ivanka Trump said.

The goal is to reach 50 million women by 2025.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, economy, million, working, president, ivanka, womens, development, thriving, trump, success, women


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Pete Buttigieg sees surge in support from business execs after his strong showing in Iowa

Democratic presidential contender Pete Buttigieg is seeing increased support from business leaders as he jumps in the polls following a successful showing in the Iowa caucuses. In the wake of Buttigieg’s success in Iowa, the campaign announced it raised more than $2.7 million and attracted more than 22,000 new donors. The Iowa Democratic Party allocated the most delegates to Buttigieg in the wake of their caucus debacle last week. Through conversations with Buttigieg’s campaign and his allies, i


Democratic presidential contender Pete Buttigieg is seeing increased support from business leaders as he jumps in the polls following a successful showing in the Iowa caucuses.
In the wake of Buttigieg’s success in Iowa, the campaign announced it raised more than $2.7 million and attracted more than 22,000 new donors.
The Iowa Democratic Party allocated the most delegates to Buttigieg in the wake of their caucus debacle last week.
Through conversations with Buttigieg’s campaign and his allies, i
Pete Buttigieg sees surge in support from business execs after his strong showing in Iowa Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: brian schwartz
Keywords: news, cnbc, companies, surge, business, support, showing, democratic, sees, strong, primary, campaign, iowa, leaders, sanders, execs, buttigiegs, success, buttigieg, president, pete


Pete Buttigieg sees surge in support from business execs after his strong showing in Iowa

Democratic presidential contender Pete Buttigieg is seeing increased support from business leaders as he jumps in the polls following a successful showing in the Iowa caucuses.

Dozens of executives who have largely remained on the sidelines during the 2020 election cycle have shown increased interest in Buttigieg’s presidential campaign over the past week, according to people with direct knowledge of the matter who declined to be named because these conversations were deemed private.

The increased interest in Buttigieg comes as he tries to position himself as the best option among moderate Democratic candidates for the White House, particularly as former Vice President Joe Biden, once a clear front-runner for the nomination, stumbles in the early stages of the primary race. Buttigieg is also polling strongly among New Hampshire Democrats ahead of the state’s primary Tuesday.

One new Buttigieg supporter is former Goldman Sachs partner David Heller, who has spoken with members of Buttigieg’s bundler operation and has indicated he will back his campaign, these people said.

Heller, an investor in Peloton and a former minority owner in the Philadelphia 76ers, was a key architect during Barack Obama’s fundraising operation during his first run for president in 2008. He helped raise up to $500,000 for Obama’s initial campaign for the White House, according to the nonpartisan Center for Responsive Politics.

Another who is leaning toward Buttigieg is former National Association of Manufacturers president and CEO Jerry Jasinowski, these people added. Jasinowski endorsed Hillary Clinton in the 2016 election and contributed to Obama in 2008.

In the wake of Buttigieg’s success in Iowa, the campaign announced it raised more than $2.7 million and attracted more than 22,000 new donors. The addition of some of these business leaders could help Buttigieg gain momentum with fundraisers and have enough cash on hand to successfully compete in the later primary states. He went into 2020 with $14 million on hand, ahead of Biden but behind Sanders. The Iowa Democratic Party allocated the most delegates to Buttigieg in the wake of their caucus debacle last week. The former South Bend, Indiana, mayor acquired 14 delegates, while Sen. Bernie Sanders acquired 12 delegates.

Business leaders heading into Buttigieg’s camp believe that the results from the Iowa caucuses show he is the moderate Democratic candidate who is most capable of defeating President Donald Trump. Through conversations with Buttigieg’s campaign and his allies, intrigued donors have also becoming increasingly impressed with Buttigieg’s political operation.

“Part of what’s compelling about Pete is if you’re someone who believes that the Democratic success in 2018 is the same math to electable success in 2020, which is winning purple districts, winning suburbs and with a moderate message. We need a voice at the top of the ticket who will appeal to those voters. Pete in that case is my leading guy,” said one of the new Buttigieg supporters who declined to be named.

Yet, in national polls, he lags behind other contenders, including Sanders, Biden, former New York Mayor Mike Bloomberg and Sen. Elizabeth Warren.

While these business leaders are starting to get behind Buttigieg, it’s no guarantee they’ll completely open up their donor networks to him. Still, people working with the campaign hope it means the campaign will see a fundraising boost in the coming weeks and months.

The Buttigieg campaign declined to comment. Heller and Jasinowski did not return requests for comment.


Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: brian schwartz
Keywords: news, cnbc, companies, surge, business, support, showing, democratic, sees, strong, primary, campaign, iowa, leaders, sanders, execs, buttigiegs, success, buttigieg, president, pete


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‘Parasite’ director says his success is due to a ‘very simple lifestyle,’ not meeting a lot of people

According to an interview with The Telegraph, his creative secret is leading a “very simple lifestyle,” which involves drinking coffee, writing and not meeting a lot of people. “It was a doomed encounter,” Bong told Vulture in an October 2019 interview. He told Weinstein that he didn’t want to remove a scene where a train guard guts a fish in front of rebels, as a show of intimidation. “It was a f—— lie,” Bong told Vulture. During his Oscars acceptance speech for best director, Bong thanked


According to an interview with The Telegraph, his creative secret is leading a “very simple lifestyle,” which involves drinking coffee, writing and not meeting a lot of people.
“It was a doomed encounter,” Bong told Vulture in an October 2019 interview.
He told Weinstein that he didn’t want to remove a scene where a train guard guts a fish in front of rebels, as a show of intimidation.
“It was a f—— lie,” Bong told Vulture.
During his Oscars acceptance speech for best director, Bong thanked
‘Parasite’ director says his success is due to a ‘very simple lifestyle,’ not meeting a lot of people Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: jennifer liu
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'Parasite' director says his success is due to a 'very simple lifestyle,' not meeting a lot of people

Award-winning filmmaker Bong Joon-ho’s formula for success is pretty simple. According to an interview with The Telegraph, his creative secret is leading a “very simple lifestyle,” which involves drinking coffee, writing and not meeting a lot of people.

The strategy seems to have paid off. The writer and director took home four Oscars for the film “Parasite” at the 92nd Academy Awards on Sunday in the categories of best picture, director, international feature film and original screenplay.

Bong, who studied sociology and starting making films in college, closed out awards season on a high note after completing a nearly year-long media tour surrounding his dark comedy about two South Korean families on opposites ends of the wealth spectrum.

Long before the director’s major wins, Bong learned the importance of staying focused on his work and true to his creative vision, even under pressure from other powerful figures in his field.

While working on his first major U.S. release “Snowpiercer,” Bong reportedly came to a disagreement with producer Harvey Weinstein about the action-thriller’s editing. When the Weinstein Company bought the movie’s distribution rights in 2012, the producer demanded roughly 25 minutes be cut out of the film.

“It was a doomed encounter,” Bong told Vulture in an October 2019 interview. “I’m someone who until that point had only ever released the ‘director’s cut’ of my films. I’ve never done an edit I didn’t want to do.”

After months of back and forth, the director was able to claim one small victory. He told Weinstein that he didn’t want to remove a scene where a train guard guts a fish in front of rebels, as a show of intimidation. While Weinstein reportedly insisted it be cut, Bong attempted a Hail Mary and told him, “Harvey, this shot means something to me … It’s something personal. My father was a fisherman. I’m dedicating this shot to my father.”

The producer ultimately backed off, saying that he understood retaining the detail because family is important.

“It was a f—— lie,” Bong told Vulture. “My father was not a fisherman.”

After news of the conflict became public, Weinstein moved the project to the company’s independent arm and gave the film a limited release. While “Snowpiercer” didn’t get wider publicity despite a blockbuster cast and story, Bong said it was worth being able to present his director’s cut to audiences.

Bong took these lessons to his next venture in 2017, when he worked with Netflix and a budget of $57 million to direct “Okja,” an action-adventure film about a Korean girl who raises a genetically modified super-pig.

The director’s decision to work with Netflix wasn’t well received by everyone, however. When the Netflix title card appeared ahead of “Okja’s” screening at the Cannes Film Festival that year, several audience members booed, stoking the discussion as to whether the streaming giant deserved to be considered a part of the film industry. (It’s unclear whether the reactions were due to technical difficulties with the screening, or as a response to the Netflix logo.)

For his part, Bong says he made the deal with Netflix specifically because the studio gave him complete creative control. Despite the Netflix debate, Bong’s work was critically acclaimed. “Okja’s” second Cannes screening received a four-minute standing ovation, and it was named by The New York Times as one of the most influential movies of the decade.

Now with his latest work on “Parasite,” Bong has demonstrated that trusting his creative instincts pays off. The film became the director’s first to gross over $100 million worldwide, and it’s earned him awards from the Academy, British Academy Film Awards, Golden Globe Awards, Cannes Film Festival and more.

During his Oscars acceptance speech for best director, Bong thanked his fellow nominees for their work and inspiration. He specifically recognized and quoted Martin Scorsese: “When I was young and studying cinema, there was a saying that I carved deep into my heart, which is that, ‘The most personal is the most creative.'”

According to Insider, Bong revealed at a London screening of “Parasite” that the film was indeed inspired by true events — at least to an extent. The film follows the Kim family, who live in a cramped basement apartment, as they plot to become employed by the wealthy Park family and infiltrate the lavish household one person at a time.

When he was younger, “my girlfriend was teaching English to a boy in a wealthy family and he needed a math tutor, so she introduced me to the family,” Bong told the Q&A audience. This is the same way the son of the Kims becomes a tutor for the daughter of the Parks, which kicks off events in the suspenseful home invasion plot.

“I worked with her in that house, but the story ends there, we didn’t do anything bad,” Bong added. “I was fired after two months. That girlfriend, however, is now my wife.”

While Bong has reveled in “Parasite’s” historic win — it’s the first non-English film to win best picture — the first Korean filmmaker to win best director said he shares the honor with fellow nominees Scorsese, Quentin Tarantino, Sam Mendes and Todd Phillips.

“When people in the U.S. were not familiar with my films, Quentin always put my films on his list,” Bong said. “And Todd and Sam, great directors that I admire. If the Academy allows, I would like to get a Texas chainsaw, split the award into five and share it with all of you. Thank you. I will drink until next morning, thank you.”

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Don’t miss: Oscar swag bags have ‘wellness’ gifts like $105 crystal-infused bath bomb and an intermittent fasting meal plan


Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: jennifer liu
Keywords: news, cnbc, companies, work, family, director, directors, parasite, weinstein, told, awards, film, lot, meeting, bong, simple, lifestyle, success, netflix


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Buttigieg’s rivals pile on in New Hampshire after his Iowa success

Former South Bend Mayor Pete Buttigieg participates in the eighth Democratic 2020 presidential debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020. DOVER, N.H. — In Pete Buttigieg, the 2020 Democratic presidential hopefuls threatened by his rise see the perfect target for their core campaign arguments. “While Washington politics trivializes what goes on in communities like South Bend, South Bend residents who now have better jobs, rising income, and new life in th


Former South Bend Mayor Pete Buttigieg participates in the eighth Democratic 2020 presidential debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020.
DOVER, N.H. — In Pete Buttigieg, the 2020 Democratic presidential hopefuls threatened by his rise see the perfect target for their core campaign arguments.
“While Washington politics trivializes what goes on in communities like South Bend, South Bend residents who now have better jobs, rising income, and new life in th
Buttigieg’s rivals pile on in New Hampshire after his Iowa success Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-08  Authors: jacob pramuk
Keywords: news, cnbc, companies, buttigieg, pile, campaign, hampshire, south, success, democratic, washington, presidential, iowa, mayor, buttigiegs, biden, bend, sanders, rivals


Buttigieg's rivals pile on in New Hampshire after his Iowa success

Former South Bend Mayor Pete Buttigieg participates in the eighth Democratic 2020 presidential debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020.

“We have candidates who have in some cases raised substantial sums of money from over 40 billionaires,” Sanders told supporters Saturday at the Dover, N.H. city hall during a canvass training event. While calling Buttigieg a “nice” and “smart guy,” he argued political change “is not going to be coming from somebody who gets a lot of money from the CEOs of the pharmaceutical industry.”

As Sanders narrowly leads Buttigieg in polls of Tuesday’s first-in-the-nation primary here, he has pulled the ex-South Bend, Indiana mayor into one of his signature arguments: the need to break the political system from the grip of wealthy donors. In public appearances in the Granite State over the last two days, the Vermont senator has repeatedly pointed to reports that dozens of billionaire donors have backed Buttigieg’s campaign.

In finishing neck-and-neck with Sen. Bernie Sanders atop the Iowa caucus field, the former small-city mayor earned a measure of legitimacy he had not previously known. Naturally, his showing in the nation’s first nominating contest has also brought a flurry of blows unlike anything Buttigieg has faced in the Democratic primary.

DOVER, N.H. — In Pete Buttigieg, the 2020 Democratic presidential hopefuls threatened by his rise see the perfect target for their core campaign arguments.

The former mayor has taken heat from more than just his party’s liberal wing. Former Vice President Joe Biden and Sen. Amy Klobuchar of Minnesota, whose hopes rest on winning some of the more moderate voters Buttigieg has appealed to, have increased their focus on the 38-year-old Midwesterner.

As both Biden and Klobuchar tout their readiness for office and policy achievements as they look for a jolt in New Hampshire’s primary, they have questioned Buttigieg’s White House resume. While the Minnesota senator targeted her younger rival multiple times during Friday night’s presidential debate, the sharpest blow came in a video released by Biden’s campaign on Saturday.

It compared Biden’s role in passing the Affordable Care Act and negotiating the Iran deal to Buttigieg initiatives in South Bend such as installing lights under a bridge and regulating pet chips.

The heightened attacks on Buttigieg underscore the boost his success in Iowa gives him — and the realistic chance he has of winning New Hampshire, according to recent polling. The campaign said it raised $2.7 million in the days after the caucuses, the type of influx that, if sustained, could give him staying power in the 2020 primary.

Sanders will vie with the former mayor for a victory that could help the senator’s path to the Democratic nomination. At the same time, Biden and Klobuchar want a bump after fourth and fifth-place finishes, respectively, in Iowa. They may need some of Buttigieg’s supporters to sustain their campaigns.

In a statement responding to the Biden ad, Buttigieg spokesman Chris Meagher said “the American people are crying out for something completely different from this classic Washington style of politics.”

“While Washington politics trivializes what goes on in communities like South Bend, South Bend residents who now have better jobs, rising income, and new life in their city don’t think their lives are a Washington politician’s punchline,” he said.

The Buttigieg campaign did not immediately respond to a request to comment on Sanders’ criticism of the campaign’s donors.

His campaign also highlighted responses from several mayors who have endorsed Buttigieg. They argued the Biden campaign had discounted the issues facing small cities.

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Company: cnbc, Activity: cnbc, Date: 2020-02-08  Authors: jacob pramuk
Keywords: news, cnbc, companies, buttigieg, pile, campaign, hampshire, south, success, democratic, washington, presidential, iowa, mayor, buttigiegs, biden, bend, sanders, rivals


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Amazon, Nike, American Airlines: Tennessee anti-LGBT bills put ‘economic success at risk’

He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory. A total of 142 businesses signed a letter Wednesday announcing their opposition to Tennessee’s recent slew of anti-LGBTQ laws, which has been dubbed the slate of hate by activist groups. The collective, known as the Tennessee Businesses Against Discrimination, included major companies such as Amazon, Nike, Dell, Lyft, Marriott and American Airlines, as well as more than 100 small businesses in T


He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory.
A total of 142 businesses signed a letter Wednesday announcing their opposition to Tennessee’s recent slew of anti-LGBTQ laws, which has been dubbed the slate of hate by activist groups.
The collective, known as the Tennessee Businesses Against Discrimination, included major companies such as Amazon, Nike, Dell, Lyft, Marriott and American Airlines, as well as more than 100 small businesses in T
Amazon, Nike, American Airlines: Tennessee anti-LGBT bills put ‘economic success at risk’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-05  Authors: sully barrett
Keywords: news, cnbc, companies, tennessees, antilgbt, economic, success, risk, bill, airlines, rights, nashville, bills, lgbtq, businesses, tennessee, nike, amazon, american, signed, companies, letter


Amazon, Nike, American Airlines: Tennessee anti-LGBT bills put 'economic success at risk'

Tennessee Gov. Bill Lee speaks during a Gospel Music Association ceremony in Nashville. He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory.

A total of 142 businesses signed a letter Wednesday announcing their opposition to Tennessee’s recent slew of anti-LGBTQ laws, which has been dubbed the slate of hate by activist groups.

The collective, known as the Tennessee Businesses Against Discrimination, included major companies such as Amazon, Nike, Dell, Lyft, Marriott and American Airlines, as well as more than 100 small businesses in Tennessee.

The letter specifically targets the passage of HB 836, which allows taxpayer-funded foster care and adoption agencies to discriminate against LGBTQ people. It stated that enacting further anti-LGBTQ legislation would harm Tennesseans and “create unnecessary hurdles to economic competitiveness.”

“Policies that signal that the state is not welcoming to everyone put our collective economic success at risk,” the letter said. “It is both a business imperative and core to our corporate values that our customers, our employees and their families, and our potential employees feel fully included in the prosperity of our state.”

Tennessee received more than $22 billion in tourist spending in 2018, according to Nashville Business Journal. Nashville has become a recent hub for tech-sector expansion, with a high quality-of-life ranking. Amazon is in the process of adding 5,000 jobs as part of an operations hub in the city — Tennessee’s largest jobs deal ever.

FedEx, the largest company headquartered in Tennessee, did not sign the letter. FedEx did not immediately respond to a request for comment, but according to LGBTQ rights group GLAAD, which asked FedEx to sign the letter, the delivery services company indicated in writing that while it receives many requests to join advocacy efforts, it prefers to demonstrate corporate values through civic and charitable efforts.

GLAAD also told CNBC via email, “As one of the largest companies headquartered in Tennessee, FedEx has an obligation to its LGBTQ employees in Tennessee and its customers nationwide to use its public voice and brand power to help stop these dangerous anti-LGBTQ bills. With more than three dozen large corporations speaking out against the slate of legislation today, FedEx’s refusal to address is notable and out of step with other companies doing business in Tennessee.”

The letter, organized by the Nashville LGBT Chamber of Commerce, GLAAD, Human Rights Campaign, and Freedom for All Americans, is the latest in a series of businesses speaking out against Tennessee’s discriminatory laws. In April, when HB 836 was first introduced, 13 large companies signed a similar letter, including Nike, Hilton, Lyft and Marriott, but Gov. Lee signed the bill into law on Jan. 24.

“I think equality is important and protection of rights is important and the rights of religious liberty are important,” Gov. Lee said in a recent interview on Nashville’s News Channel 5. “And that bill was centered around protection of religious liberty, and that’s why I signed it.”

Gov. Lee’s office did not immediately respond to a request for comment, though it previously has told CNBC that critics had mischaracterized the bill.


Company: cnbc, Activity: cnbc, Date: 2020-02-05  Authors: sully barrett
Keywords: news, cnbc, companies, tennessees, antilgbt, economic, success, risk, bill, airlines, rights, nashville, bills, lgbtq, businesses, tennessee, nike, amazon, american, signed, companies, letter


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Everything Jim Cramer said about the stock market on ‘Mad Money,’ including coronavirus and recession fears, Tesla and Nordstrom

CNBC’s Jim Cramer explains what is at stake regarding the long-term economic consequences of the coronavirus. Aly Song | ReutersIt’s too early to determine the long-term economic consequences of the deadly coronavirus, CNBC’s Jim Cramer said Thursday. The “Mad Money” host said there are obviously immediate concerns surrounding the economy of China, where the outbreak first appeared. Tesla’s success is similar to Amazon and NetflixTesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesl


CNBC’s Jim Cramer explains what is at stake regarding the long-term economic consequences of the coronavirus.
Aly Song | ReutersIt’s too early to determine the long-term economic consequences of the deadly coronavirus, CNBC’s Jim Cramer said Thursday.
The “Mad Money” host said there are obviously immediate concerns surrounding the economy of China, where the outbreak first appeared.
Tesla’s success is similar to Amazon and NetflixTesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesl
Everything Jim Cramer said about the stock market on ‘Mad Money,’ including coronavirus and recession fears, Tesla and Nordstrom Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: kevin stankiewicz
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Everything Jim Cramer said about the stock market on 'Mad Money,' including coronavirus and recession fears, Tesla and Nordstrom

CNBC’s Jim Cramer explains what is at stake regarding the long-term economic consequences of the coronavirus. The “Mad Money” host then breaks down why the recent success of Tesla and its CEO Elon Musk is reminiscent of what Amazon and Netflix accomplished years ago. Later in the show, Cramer goes through his rapid stock picks for callers in the Lightning Round.

Will the coronavirus cause a recession?

Visitors wearing masks walk past Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Aly Song | Reuters

It’s too early to determine the long-term economic consequences of the deadly coronavirus, CNBC’s Jim Cramer said Thursday. The “Mad Money” host said there are obviously immediate concerns surrounding the economy of China, where the outbreak first appeared. But the fears do not end there. “China’s not just exporting a virus, it could potentially export a severe slowdown,” Cramer said. At the same time, Cramer said there are mixed signals in the U.S., particularly when it comes the bond market and quarterly earnings report.

Tesla’s success is similar to Amazon and Netflix

Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters

‘s success reminds Cramer of what has been accomplished by and , companies that overcame early doubters to upend industries. “Wall Street never runs out of money for a company that has the best product, flawless execution and off-the-charts demand,” Cramer explained. “They don’t come around very often, but when they do, the usual financial concerns go out the window and … the real believers make big money.” Like Amazon and Netflix before it, Tesla is one of those companies, Cramer said.

Cramer’s lightning round


Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, tesla, nordstrom, cramer, china, outbreak, including, fears, song, market, stock, mad, shanghai, success, money, amazon, recession, jim, coronavirus


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Jim Cramer: Tesla’s success is reminiscent of Amazon and Netflix

CNBC’s Jim Cramer said Thursday that Tesla’s success reminds him of what has been accomplished by Amazon and Netflix, companies that overcame early doubters to upend industries. In all, Tesla’s stock is up more than 150% in the last four months and more than 50% in the new year. To really understand Tesla’s current situation, Cramer said, it is best to look back at the rise of Amazon and Netflix. They may have been losing money, Cramer said, but “Wall Street will gladly raise money for a talente


CNBC’s Jim Cramer said Thursday that Tesla’s success reminds him of what has been accomplished by Amazon and Netflix, companies that overcame early doubters to upend industries.
In all, Tesla’s stock is up more than 150% in the last four months and more than 50% in the new year.
To really understand Tesla’s current situation, Cramer said, it is best to look back at the rise of Amazon and Netflix.
They may have been losing money, Cramer said, but “Wall Street will gladly raise money for a talente
Jim Cramer: Tesla’s success is reminiscent of Amazon and Netflix Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: kevin stankiewicz
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Jim Cramer: Tesla's success is reminiscent of Amazon and Netflix

CNBC’s Jim Cramer said Thursday that Tesla’s success reminds him of what has been accomplished by Amazon and Netflix, companies that overcame early doubters to upend industries.

“Wall Street never runs out of money for a company that has the best product, flawless execution and off-the-charts demand,” the “Mad Money” host said. “They don’t come around very often, but when they do, the usual financial concerns go out the window and … the real believers make big money.”

It is clear Tesla — after another “staggering” quarter Wednesday — is one of those companies, Cramer said.

While it’s possible for a money-losing company to string together a few quarters “where it looks like everything’s finally coming together,” Tesla has proven its staying power, he argued.

Shares of Tesla were up more than 10% on Thursday, hitting another fresh intraday record high of $650.88, following its quarterly earnings report. It closed Thursday’s session at $640.81.

The company posted fourth-quarter earnings of $2.14 per share, easily eclipsing expectations of $1.72 per share. And importantly, Tesla said vehicle deliveries should “comfortably exceed 500,000 units” in 2020.

In all, Tesla’s stock is up more than 150% in the last four months and more than 50% in the new year.

To really understand Tesla’s current situation, Cramer said, it is best to look back at the rise of Amazon and Netflix.

In the early days of those companies, Cramer said there were significant doubters who thought they would lose too much money before being able to turn a profit.

Amazon, he said, was “the most shorted stock around, with one short seller after another arguing that the business couldn’t last.”

Netflix was in a similar position, too, he said. But like the strong vision provided by Amazon CEO Jeff Bezos, Netflix was able to find its footing behind Reed Hastings as it pivoted to video streaming.

They may have been losing money, Cramer said, but “Wall Street will gladly raise money for a talented executive who dreams of disrupting an entire industry. They love that.”

In the end, the short sellers of both Amazon and Netflix were “obliterated,” Cramer said.

Tesla CEO Elon Musk is an executive like Bezos and Hastings, and the short sellers of the electric-vehicle maker are finding themselves in a similar situation, Cramer said.

On Thursday alone, investors betting against Tesla collectively lost more than $1.5 billion.

Cramer admitted that he was a little hesitant to join the crowd of Tesla bulls, saying he wanted “to wait for a breakout quarter that told me Tesla would be able to make it.”

But Cramer has embraced Tesla now, and the stock is up more than $300 since he turned bullish in the fall.

And with Tesla’s high-quality vehicles and its ability to get new factories off the ground to meet consumer demand, Cramer said he continues to see brighter days ahead for the company.

“I’d rather be too late than too early when I’m dispensing advice here because I don’t want to bury you in situations that don’t work out,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, tesla, teslas, cramer, early, reminiscent, success, stock, dont, money, short, amazon, jim, netflix


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Record-breaking explorer Mike Horn has this advice for embracing failure

Extreme adventurer Mike Horn says embracing failure is a learning process that makes life “broader” and helps break mental boundaries. Horn was sharing the lessons he’d learned as an explorer in a talk at the World Economic Forum in Davos, Switzerland last week. In strong winds, Horn said he realized that he therefore could make it to the summit but he “would never come back.” “The moment you don’t want to do something, that’s when the impossible becomes bigger than the will to actually achieve.


Extreme adventurer Mike Horn says embracing failure is a learning process that makes life “broader” and helps break mental boundaries.
Horn was sharing the lessons he’d learned as an explorer in a talk at the World Economic Forum in Davos, Switzerland last week.
In strong winds, Horn said he realized that he therefore could make it to the summit but he “would never come back.”
“The moment you don’t want to do something, that’s when the impossible becomes bigger than the will to actually achieve.
Record-breaking explorer Mike Horn has this advice for embracing failure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-27  Authors: vicky mckeever
Keywords: news, cnbc, companies, embracing, zone, horn, thats, hikers, life, mike, world, impossible, success, failure, explorer, summit, moment, recordbreaking, advice


Record-breaking explorer Mike Horn has this advice for embracing failure

Extreme adventurer Mike Horn says embracing failure is a learning process that makes life “broader” and helps break mental boundaries.

Horn was sharing the lessons he’d learned as an explorer in a talk at the World Economic Forum in Davos, Switzerland last week.

The South African adventurer has attempted to climb to the summit of K2, the second highest mountain in the world at 8,611 meters (m) high which is located on the China-Pakistan border, three times.

Recalling his most recent attempt to scale the mountain last year and the decision to turn back at an altitude of 8,200m amid dangerous weather conditions, Horn said he didn’t mind failing on his goal.

Above an altitude of 7,500m was the “death zone,” he explained, where hikers could only last 22-26 hours on the 7% oxygen available.

Horn pointed out that reaching the K2 summit was only half the battle, as hikers still had to make back below the death zone within that short window, which was where many fell into danger.

In strong winds, Horn said he realized that he therefore could make it to the summit but he “would never come back.” This proved to be a possibly life-saving decision, as the hikers that continued their climb along the same route were hit with an avalanche, which killed two people in the group.

“When you’re so close to your goals and objectives in life, it’s very hard to fail because success is so close and breaking boundaries for me is that fine line between failure and success,” he said.

In 2019, Horn completed an expedition through the North Pole, which saw him finish his circumnavigation of the world via both poles.

“You sail your boat up into the unknown, knowing that you might never come back but what is quite amazing is that’s where I feel alive, that’s where my life has a purpose,” Horn said.

Finding this purpose made “all the impossible” disappear, which is how the explorer said he managed to push beyond his own comfort zone.

“The moment an idea fascinates you, the moment you get excited about something, the impossible no longer exists,” he added. “The moment you don’t want to do something, that’s when the impossible becomes bigger than the will to actually achieve.”

Horn was the first man to do the longest crossing of Antarctica, a distance of 5,100km, alone in just 57 days. He is also known for circling the globe around the equator without motorized transport.

He said these achievements demonstrated how “we all have that capability of going beyond what we think we’re capable of doing.”

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Company: cnbc, Activity: cnbc, Date: 2020-01-27  Authors: vicky mckeever
Keywords: news, cnbc, companies, embracing, zone, horn, thats, hikers, life, mike, world, impossible, success, failure, explorer, summit, moment, recordbreaking, advice


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The secret to financial success: Paying off debt

Start by figuring out what you owe, then decide whether to use the “debt avalanche” or “debt snowball” method to chip away at those revolving loans. The avalanche method lists your debts from highest to lowest by interest rate. Alternatively, the snowball method prioritizes your smallest debts first, regardless of interest rate. The idea is that you’ll gain momentum as the debts are paid off and that will motivate you to keep going. “Having a plan on how you’ll pay off the debt can keep you focu


Start by figuring out what you owe, then decide whether to use the “debt avalanche” or “debt snowball” method to chip away at those revolving loans.
The avalanche method lists your debts from highest to lowest by interest rate.
Alternatively, the snowball method prioritizes your smallest debts first, regardless of interest rate.
The idea is that you’ll gain momentum as the debts are paid off and that will motivate you to keep going.
“Having a plan on how you’ll pay off the debt can keep you focu
The secret to financial success: Paying off debt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-27  Authors: sharon epperson jessica dickler, sharon epperson, jessica dickler
Keywords: news, cnbc, companies, youll, method, plan, avalanche, debts, success, financial, secret, paying, interest, pay, snowball, rate, debt


The secret to financial success: Paying off debt

Westend61

How to pay off debt

Make a repayment plan. Start by figuring out what you owe, then decide whether to use the “debt avalanche” or “debt snowball” method to chip away at those revolving loans. The avalanche method lists your debts from highest to lowest by interest rate. That way you pay off the debts that rack up the most in interest first. Alternatively, the snowball method prioritizes your smallest debts first, regardless of interest rate. The idea is that you’ll gain momentum as the debts are paid off and that will motivate you to keep going. “Having a plan on how you’ll pay off the debt can keep you focused on what it will take to attain ‘financial freedom,'” Schwab-Pomerantz said.


Company: cnbc, Activity: cnbc, Date: 2020-01-27  Authors: sharon epperson jessica dickler, sharon epperson, jessica dickler
Keywords: news, cnbc, companies, youll, method, plan, avalanche, debts, success, financial, secret, paying, interest, pay, snowball, rate, debt


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Wendy’s does not need to beat McDonald’s for its breakfast to succeed, analyst says

Wendy’s foray back into breakfast can be a success without swiping considerable market share from McDonald’s, Barclays’ analyst Jeffrey Bernstein told CNBC on Friday. “I don’t think they necessarily need to beat McDonald’s,” Bernstein said on “Power Lunch.” “Wendy’s is fighting a whole lot of players besides McDonald’s, so we think the two of them can survive together,” he added. Wendy’s is launching its breakfast menu in the coming months, investing about $20 million to do so. Wendy’s currently


Wendy’s foray back into breakfast can be a success without swiping considerable market share from McDonald’s, Barclays’ analyst Jeffrey Bernstein told CNBC on Friday.
“I don’t think they necessarily need to beat McDonald’s,” Bernstein said on “Power Lunch.”
“Wendy’s is fighting a whole lot of players besides McDonald’s, so we think the two of them can survive together,” he added.
Wendy’s is launching its breakfast menu in the coming months, investing about $20 million to do so.
Wendy’s currently
Wendy’s does not need to beat McDonald’s for its breakfast to succeed, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, think, menu, offers, bernstein, need, beat, succeed, analyst, success, regional, wendys, breakfast, day, does, mcdonalds


Wendy's does not need to beat McDonald's for its breakfast to succeed, analyst says

Wendy’s foray back into breakfast can be a success without swiping considerable market share from McDonald’s, Barclays’ analyst Jeffrey Bernstein told CNBC on Friday.

“I don’t think they necessarily need to beat McDonald’s,” Bernstein said on “Power Lunch.”

“Wendy’s is fighting a whole lot of players besides McDonald’s, so we think the two of them can survive together,” he added.

Wendy’s is launching its breakfast menu in the coming months, investing about $20 million to do so.

The Dublin, Ohio-based fast-food company has tried to serve breakfast nationwide three times, but Bernstein believes success is more likely on this attempt.

“I think importantly this go-around, they’re rolling it out national,” Bernstein said. “Whatever day they ultimately choose to roll it out, it will be at all stores on the same day, whereas the last time around they went with a more regional approach.”

The regional approach allowed rivals — McDonald’s and Burger King, for example — to counter Wendy’s encroachment with competitive offers of their own, “making it very difficult for Wendy’s to succeed,” Bernstein said.

Wendy’s currently offers breakfast in around 300 of its restaurants. There were 5,810 Wendy’s in the United States at the end of 2018, according to regulatory filings.

Another lesson Wendy’s took from its past attempts is the value in a more limited menu, according to Bernstein. Before, there were more than 40 breakfast-focused items, he said. It’s less than 20 options this time, he said.


Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, think, menu, offers, bernstein, need, beat, succeed, analyst, success, regional, wendys, breakfast, day, does, mcdonalds


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