‘Google is not a patriotic company,’ says co-founder of data-mining company Palantir

Joe Lonsdale said on CNBC on Monday that his fellow Palantir co-founder Peter Thiel was “courageous” for speaking out against Alphabet’s Google. “Google is not a patriotic company,” said Lonsdale, also a founding partner of technology investment firm 8VC. Google, responding to Thiel’s comments, said, “As we have said before, we do not work with the Chinese military.” The environment at Google is very “academic,” Lonsdale said, where people want to share their work across the world. Lonsdale on M


Joe Lonsdale said on CNBC on Monday that his fellow Palantir co-founder Peter Thiel was “courageous” for speaking out against Alphabet’s Google. “Google is not a patriotic company,” said Lonsdale, also a founding partner of technology investment firm 8VC. Google, responding to Thiel’s comments, said, “As we have said before, we do not work with the Chinese military.” The environment at Google is very “academic,” Lonsdale said, where people want to share their work across the world. Lonsdale on M
‘Google is not a patriotic company,’ says co-founder of data-mining company Palantir Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, work, palantir, datamining, google, patriotic, company, thiel, lonsdale, chinese, valley, cofounder, talk, taking, speaking


'Google is not a patriotic company,' says co-founder of data-mining company Palantir

Joe Lonsdale said on CNBC on Monday that his fellow Palantir co-founder Peter Thiel was “courageous” for speaking out against Alphabet’s Google.

“Google is not a patriotic company,” said Lonsdale, also a founding partner of technology investment firm 8VC.

Lonsdale was responding to the criticism levied since Thiel on Sunday said the FBI and the CIA should investigate whether Google has been infiltrated by Chinese intelligence.

Thiel, also a Facebook board member and a supporter of Donald Trump’s 2016 presidential campaign, was speaking at the National Conservatism Conference in Washington, D.C., and Axios reported on his speech.

“Everyone in [Silicon] Valley knows that the Chinese government is very involved,” Lonsdale told “Squawk Alley” in an interview, though he didn’t point to any clear evidence. “It’s something we don’t talk about a lot. It was very courageous of [Thiel] to talk about it.”

Google, responding to Thiel’s comments, said, “As we have said before, we do not work with the Chinese military.”

The environment at Google is very “academic,” Lonsdale said, where people want to share their work across the world. “There’s nationalists in China coming and taking whatever they can learn and taking it back and using it for their own nationalist purposes.”

Lonsdale also commented on Google’s contract with the Defense Department, which expired earlier this year and was not renewed. “When Google made the choice ‘we’re not going to help the U.S., but we’re going to continue to work in China,’ it was very clear,” Lonsdale said of the company’s patriotism.

Silicon Valley-based Palantir, the data analytics miner, has worked with many agencies of the U.S. government, including the Defense Department, CIA and FBI. Lonsdale on Monday called Palantir “probably the most patriotic in the Valley.”


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, work, palantir, datamining, google, patriotic, company, thiel, lonsdale, chinese, valley, cofounder, talk, taking, speaking


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Clayton Christensen Institute co-founder: This equation reveals how much you should borrow for college

“If you’re in that realm, you’re going to have problems in the long-run.” It’s a smart way to avoid taking on more debt than graduates will be able to handle paying back in the future. But Michael Horn, economist and co-founder of the Clayton Christensen Institute, tells CNBC Make It that there’s a simple way students can predict roughly how much they can afford to borrow for college. “If you’re taking out $80,000 in debt to go to law school for example, and you’re going to a top law school, tha


“If you’re in that realm, you’re going to have problems in the long-run.” It’s a smart way to avoid taking on more debt than graduates will be able to handle paying back in the future. But Michael Horn, economist and co-founder of the Clayton Christensen Institute, tells CNBC Make It that there’s a simple way students can predict roughly how much they can afford to borrow for college. “If you’re taking out $80,000 in debt to go to law school for example, and you’re going to a top law school, tha
Clayton Christensen Institute co-founder: This equation reveals how much you should borrow for college Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: abigail hess
Keywords: news, cnbc, companies, taking, institute, work, equation, students, clayton, school, student, christensen, college, borrow, youre, going, cofounder, schools, reveals, debt


Clayton Christensen Institute co-founder: This equation reveals how much you should borrow for college

“You really want to be mindful that you’re not crossing that threshold of payments that are just going to crush your income because they’re taking up, say, 20, 30% of your monthly paycheck,” he says. “If you’re in that realm, you’re going to have problems in the long-run.”

It’s a smart way to avoid taking on more debt than graduates will be able to handle paying back in the future.

“As students look at the equation for how much they should borrow when they go to college, they ought to be thinking of the total debt that they take on as not being more than 10 to 15% of what their earnings are going to be when they leave college,” says Horn.

But Michael Horn, economist and co-founder of the Clayton Christensen Institute, tells CNBC Make It that there’s a simple way students can predict roughly how much they can afford to borrow for college.

The cost of attending college today is a daunting prospect. According to the College Board’s 2018 Trends in College Pricing Report , from 1988 to 2018, sticker prices tripled at public four-year schools and doubled at public two-year and private non-profit four-year schools, and many students use some kind of student loan to finance their degrees.

Students should think about what they want to study, research how much graduates at a given school in that major make, and not take on more than 10 to 15% of that amount in debt.

For example, according to PayScale, the average salary for an individual with a Bachelor of Engineering degree from New York University is about $91,296 per year. That means a student could plan to take on up to $13,694 (roughly 15% of their projected future salary) in loans to finance this degree.

However, the average salary for a worker with a Bachelor of Social Work degree from New York University is about $50,008 per year, so based on Horn’s recommendation, students should only take on about $7,501 in loans. Additionally, many social work opportunities require students to earn additional accreditation such as a master’s degree, and students should consider these costs as well.

Of course, this math is dependent on a student having a clear understanding of what they plan to pursue after college, something that can be challenging for many young people. Other factors students need to consider include a school’s reputation for graduating successful alumni, as well as its rate of on-time graduations.

“If you’re taking out $80,000 in debt to go to law school for example, and you’re going to a top law school, that’s probably a reasonable investment,” says Horn. “If you’re going to a bottom-third law school, a question you ought to be asking yourself is, ‘Is this worth it?’

“The most crippling debt is when you don’t complete. If [students] don’t complete, it can be crippling because they’re not going to have the wage bump from getting that college credential and so you’re going to be earning roughly as much as someone with a high school diploma is, but you have taken out $10,000 in debt.”

Horn emphasizes that debt totals have a significant impact on the financial lives of borrowers.

“Paying not just the debt back but also the interest on top of it, that can be really punishing to make the books work as you’re trying to think through raising a family, owning a home maybe in the future and other life decisions.”

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Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: abigail hess
Keywords: news, cnbc, companies, taking, institute, work, equation, students, clayton, school, student, christensen, college, borrow, youre, going, cofounder, schools, reveals, debt


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New Virgin Galactic Chairman Chamath Palihapitiya says tourism spaceflights to begin within a year

Richard Branson, founder of Virgin Group, and venture capitalist Chamath Palihapitiya told CNBC’s “Squawk Box” on Tuesday that Virgin Galactic is projected to become profitable on an annual basis by August 2021. The pair of billionaires, who are taking the company public following a merger deal, also said Virgin Galactic is on track to fly its first customers within a year. Sending the company’s first tourists to space would come as Virgin Galactic gets ready to go public following a merger with


Richard Branson, founder of Virgin Group, and venture capitalist Chamath Palihapitiya told CNBC’s “Squawk Box” on Tuesday that Virgin Galactic is projected to become profitable on an annual basis by August 2021. The pair of billionaires, who are taking the company public following a merger deal, also said Virgin Galactic is on track to fly its first customers within a year. Sending the company’s first tourists to space would come as Virgin Galactic gets ready to go public following a merger with
New Virgin Galactic Chairman Chamath Palihapitiya says tourism spaceflights to begin within a year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: michael sheetz, jessica bursztynsky
Keywords: news, cnbc, companies, palihapitiya, space, company, chairman, taking, tourists, virgin, public, galactic, sch, told, spaceflights, tourism, chamath, begin


New Virgin Galactic Chairman Chamath Palihapitiya says tourism spaceflights to begin within a year

Virgin Galactic expects to be profitable two years after it begins publicly-trading, with the company aiming to fly tourists to the edge of space for the first time within a year.

Richard Branson, founder of Virgin Group, and venture capitalist Chamath Palihapitiya told CNBC’s “Squawk Box” on Tuesday that Virgin Galactic is projected to become profitable on an annual basis by August 2021. The pair of billionaires, who are taking the company public following a merger deal, also said Virgin Galactic is on track to fly its first customers within a year.

“Since we put two spaceships into space earlier this year, and made five new astronauts – the first astronauts to have been made on American soil since 2009 – we’ve had 2,500 people ask to sign up,” Branson told CNBC. “The market is enormous.”

Sending the company’s first tourists to space would come as Virgin Galactic gets ready to go public following a merger with Social Capital Hedosophia (SCH), a special-purpose acquisition company that Palihapitiya created. He will become the chairman o the new Virgin Galactic, while the existing management team, including CEO George Whitesides, will remain in place. The combined firm will have a valuation of $1.5 billion, with SCH taking a 49% stake. LionTree Advisors is serving as Virgin Galactic’s financial adviser as it seeks capital.

“We have a customer backlog of more than 600 people, more than $80 million in collected deposits already,” Palihapitiya said.

Tickets for a spaceflight are priced at about $250,000 a piece. Virgin Galactic’s spacecraft Unity holds up to six passengers along with the two pilots. The spaceship is dropped from a jet-powered aircraft at about 40,000 feet before firing its rocket motor, reaching over three times of the speed of sound as it climbs toward space.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: michael sheetz, jessica bursztynsky
Keywords: news, cnbc, companies, palihapitiya, space, company, chairman, taking, tourists, virgin, public, galactic, sch, told, spaceflights, tourism, chamath, begin


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Hong Kong protesters march again, this time taking their message to mainland Chinese tourists

Protesters march to the West Kowloon railway station during a demonstration in Hong Kong on July 7, 2019. Protesters in Hong Kong gathered for demonstrations again on Sunday afternoon, in a bid to take their message to mainland Chinese visitors in the city about a controversial extradition bill that has led to widespread anger. CCTV, a mouthpiece for the Chinese government, said the “rare scene” was “condemned by people from all walks of life in Hong Kong,” according to a CNBC translation. Previ


Protesters march to the West Kowloon railway station during a demonstration in Hong Kong on July 7, 2019. Protesters in Hong Kong gathered for demonstrations again on Sunday afternoon, in a bid to take their message to mainland Chinese visitors in the city about a controversial extradition bill that has led to widespread anger. CCTV, a mouthpiece for the Chinese government, said the “rare scene” was “condemned by people from all walks of life in Hong Kong,” according to a CNBC translation. Previ
Hong Kong protesters march again, this time taking their message to mainland Chinese tourists Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-07  Authors: weizhen tan
Keywords: news, cnbc, companies, protesters, kowloon, message, taking, chinese, hong, mainland, station, kong, tourists, citys, railway, west


Hong Kong protesters march again, this time taking their message to mainland Chinese tourists

Protesters march to the West Kowloon railway station during a demonstration in Hong Kong on July 7, 2019.

Protesters in Hong Kong gathered for demonstrations again on Sunday afternoon, in a bid to take their message to mainland Chinese visitors in the city about a controversial extradition bill that has led to widespread anger.

Demonstrators began assembling around 3:30 p.m. HK/SIN, and set off to march through shopping areas popular with Chinese tourists, before ending up at the West Kowloon station, a new high-speed railway station that connects the city with mainland China.

Organizers said about 230,000 people turned out for the demonstration. Police, meanwhile, put the number at roughly 56,000. Hundreds of police lined the route, temporarily closing some roads and diverting public transport.

Organizers of Sunday’s march have said they want to explain their movement to people from the mainland, where news coverage of protests that have wracked Hong Kong for the past month has been heavily restricted.

There was no major coverage of the protests in any Chinese state media until last Tuesday — a day after a group of protesters turned violent and broke into the territory’s legislative council building.

CCTV, a mouthpiece for the Chinese government, said the “rare scene” was “condemned by people from all walks of life in Hong Kong,” according to a CNBC translation.

Lau Wing-hong, one of the protest organizers, told Reuters the rally would be peaceful and would finish after demonstrators arrived at their destination near the train station. There were no plans to enter the station, he said.

Although many of the protesters appeared to have left by nightfall, some continued to march. Live TV footage appeared to show a handful of such demonstrators being detained after being wrestled to the ground by police.

For nearly three weeks now, political tensions in Hong Kong have risen amid protests over an extradition bill that would have allowed some arrested in the city to be sent for trial in mainland China. The bill has since been suspended, but protesters have called for it to be withdrawn completely.

In the most dramatic turn yet, demonstrators ransacked the city’s main legislative building on Monday before they were driven back by police firing tear gas.

Hong Kong was a British colony until 1997, when it became a special administrative region of China under a “one country, two systems” framework with the territory’s legal system independent from the rest of the country. Many citizens of the financial hub have expressed concern that their civil rights are slowly being eroded under Beijing.

The demonstration on Sunday afternoon — finishing at the railway station — was the first protest in the Kowloon area, the peninsula across the city’s harbor. Previous events have been on Hong Kong island, the city’s government and business center.

The development of the West Kowloon station has stirred controversy ahead of its opening last September because passengers go through Chinese immigration and customs inside it. Mainland law applies in the area, roughly a quarter of the station.

While convenient for travelers, some opposition lawmakers argued the move violates the Basic Law, Hong Kong’s mini-constitution under which it retained its own legal system and civil liberties after reverting from British to Chinese rule in 1997.

The high-speed rail network connects Hong Kong to 44 cities in the mainland and that will rise to 58 destinations this week.

Hong Kong’s MTR Corporation, which runs the city’s underground railway, said it would shut all entrances to the station, apart from a specific route for passengers, on Sunday.

— CNBC’s Grace Shao, the Associated Press and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-07-07  Authors: weizhen tan
Keywords: news, cnbc, companies, protesters, kowloon, message, taking, chinese, hong, mainland, station, kong, tourists, citys, railway, west


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Reservations for Taco Bell’s hotel sell out in 2 minutes

If you’re a Taco Bell super fan looking to stay at the Mexican fast food chain’s limited-time hotel, you’re already too late. And with that, the Yum Brands unit proved once again how much its customers love Taco Bell. ET Thursday for the roughly 70 rooms at its Palm Springs hotel. “Taco Bell fans are truly one of a kind and today was one of the best expressions of that fandom yet,” Taco Bell’s Chief Global Brand Officer Marisa Thalberg said in a statement. The Bell, which is taking over the V Pa


If you’re a Taco Bell super fan looking to stay at the Mexican fast food chain’s limited-time hotel, you’re already too late. And with that, the Yum Brands unit proved once again how much its customers love Taco Bell. ET Thursday for the roughly 70 rooms at its Palm Springs hotel. “Taco Bell fans are truly one of a kind and today was one of the best expressions of that fandom yet,” Taco Bell’s Chief Global Brand Officer Marisa Thalberg said in a statement. The Bell, which is taking over the V Pa
Reservations for Taco Bell’s hotel sell out in 2 minutes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: amelia lucas
Keywords: news, cnbc, companies, youre, reservations, minutes, taking, springs, sell, website, palm, hotel, bell, bells, taco, stay


Reservations for Taco Bell's hotel sell out in 2 minutes

If you’re a Taco Bell super fan looking to stay at the Mexican fast food chain’s limited-time hotel, you’re already too late.

All available rooms were snatched up just two minutes into taking reservations. And with that, the Yum Brands unit proved once again how much its customers love Taco Bell.

The chain started taking reservations at 1 p.m. ET Thursday for the roughly 70 rooms at its Palm Springs hotel.

Less than a minute after bookings went live, the website was already overwhelmed by the demand. Some users attempting to book a room received a message saying the website was experiencing “higher than normal traffic” and to “keep your crossed fingers on that refresh button.”

“Taco Bell fans are truly one of a kind and today was one of the best expressions of that fandom yet,” Taco Bell’s Chief Global Brand Officer Marisa Thalberg said in a statement.

Rooms started at $169 per night, with no minimum required stay. The Bell, which is taking over the V Palm Springs Hotel, will open its doors August 8 and close August 12.

Taco Bell anticipated high demand for its hotel. The chain’s U.S. president, Julie Felss Masino, said that only one employee from a company-owned store will win a coveted room as part of a customer service contest.

“We’re really trying to make it a fan experience,” Masino said in an interview last week.

Guests can look forward to tasting Taco Bell’s take on V Palm Springs’ restaurant menu, created by Rene Pisciotti, the same product developer who invented Nacho Fries. Among the potential menu options: a grilled chicken Caesar salad that includes croutons crafted out of Mexican rice and chicken marinated in the Nacho Fries’ spices. Traditional Taco Bell favorites will also be available.

The Bell will also feature a gift shop with exclusive Taco Bell-themed apparel and an on-site salon with Taco Bell-inspired nail art and hair styling services. To round out the experience, hotel guests can expect performances from up-and-coming musicians, feature-length movie showings, and a lounge inspired by Mountain Dew Baja Blast.

Taco Bell has a history of connecting with its customers through off-beat experiences. Fans can get married in a Taco Bell-themed ceremony for $600 at its Las Vegas Cantina flagship location. As of May, Taco Bell has registered over 165 couples. The brand has also teamed up with fast-fashion retailer Forever 21 to sell clothes featuring its logo and imagery.

Mike Kelly, co-founder and CEO of State of Mind Partners, said a branded hotel wouldn’t be right for every fast food chain. But it fits for Taco Bell, he said.

“I think there are certain brands that sort of have this fanbase, and they also have these crazy branded products,” Kelly said.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: amelia lucas
Keywords: news, cnbc, companies, youre, reservations, minutes, taking, springs, sell, website, palm, hotel, bell, bells, taco, stay


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Gold eases on US-China trade optimism; holds above $1,400

Spot gold fell 0.1% to $1,407.21 per ounce, having briefly dipped below $1,400 earlier in the session. U.S. gold futures fell $3.40 to $1,412.0 per ounce. Higher interest rates boost the dollar, making dollar-denominated gold more expensive for buyers using other currencies, and they reduce investor interest in non-yielding bullion. Spot gold may stabilise around a support at $1,404 per ounce, and bounce toward a resistance at $1,421, according to Reuters technical analyst Wang Tao. “Gold was he


Spot gold fell 0.1% to $1,407.21 per ounce, having briefly dipped below $1,400 earlier in the session. U.S. gold futures fell $3.40 to $1,412.0 per ounce. Higher interest rates boost the dollar, making dollar-denominated gold more expensive for buyers using other currencies, and they reduce investor interest in non-yielding bullion. Spot gold may stabilise around a support at $1,404 per ounce, and bounce toward a resistance at $1,421, according to Reuters technical analyst Wang Tao. “Gold was he
Gold eases on US-China trade optimism; holds above $1,400 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27
Keywords: news, cnbc, companies, dollar, imply, 1400, taking, holds, days, ounce, trade, tariffs, support, interest, eases, uschina, optimism, gold


Gold eases on US-China trade optimism; holds above $1,400

Gold inched lower on Thursday as renewed hopes that the United States and China could soon end their protracted trade tussle bolstered risk appetite and lifted the dollar, but the metal held on to support around the key $1,400 pivot.

Spot gold fell 0.1% to $1,407.21 per ounce, having briefly dipped below $1,400 earlier in the session. Prices have fallen more than $37 since gold’s six-year high of $1,438.63 on Tuesday. U.S. gold futures fell $3.40 to $1,412.0 per ounce.

“We are still in a bullish momentum for gold with a couple of days of consolidation … (We are seeing) a little pull-back on profit taking,” said Phillip Streible, senior commodities strategist at RJO Futures, adding a stronger dollar and equities were weighing on bullion.

“People are fearful of giving up their whole gains (in gold).”

The South China Morning Post (SCMP), citing sources, said Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports.

This comes after U.S. President Donald Trump said on Wednesday a trade deal was possible this weekend, though he was prepared to impose tariffs on all remaining Chinese imports if talks fail.

This was enough to lift equities, with MSCI’s broadest index of world shares up over 0.2% after four straight days of losses.

The dollar, too, eked out gains following days of weakness as comments from Fed officials on Wednesday signalled aggressive interest rate cuts were unlikely in its July meeting.

Futures are 100% priced for a cut of 25 basis points next month, and imply a 22% chance of 50 basis points.

Higher interest rates boost the dollar, making dollar-denominated gold more expensive for buyers using other currencies, and they reduce investor interest in non-yielding bullion.

Spot gold may stabilise around a support at $1,404 per ounce, and bounce toward a resistance at $1,421, according to Reuters technical analyst Wang Tao.

“Gold was heavily overbought after this run towards $1,450 and a correction has ensued,” said Rhona O’Connell, an analyst with INTL FCStone.

“The rally does not imply panic in other financial sectors, but that the markets are taking notice of potential economic, financial and political risks and the fact that gold enhances risk-adjusted returns.”


Company: cnbc, Activity: cnbc, Date: 2019-06-27
Keywords: news, cnbc, companies, dollar, imply, 1400, taking, holds, days, ounce, trade, tariffs, support, interest, eases, uschina, optimism, gold


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Cramer: Between G-20, jobs report and Fed forecasts, ‘I am taking a cautious stand next week’

It also forecast at least one rate cut, but not until 2020. However, Fed Chair Jerome Powell left open the possibility of a rate cut this year in a post-meeting press conference with reporters. The Fed wants to see “the employment numbers for June and whatever the president does next on trade at the G-20 meeting next week.” President Donald Trump is expected to meet with Chinese President Xi Jinping at next week’s G-20 summit in Osaka, Japan. That’s why I’m taking a cautious stand on next week,


It also forecast at least one rate cut, but not until 2020. However, Fed Chair Jerome Powell left open the possibility of a rate cut this year in a post-meeting press conference with reporters. The Fed wants to see “the employment numbers for June and whatever the president does next on trade at the G-20 meeting next week.” President Donald Trump is expected to meet with Chinese President Xi Jinping at next week’s G-20 summit in Osaka, Japan. That’s why I’m taking a cautious stand on next week,
Cramer: Between G-20, jobs report and Fed forecasts, ‘I am taking a cautious stand next week’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, stand, jobs, xi, cramer, forecasts, trump, meeting, cut, cautious, trade, rate, taking, rates, g20, week, fed, report


Cramer: Between G-20, jobs report and Fed forecasts, 'I am taking a cautious stand next week'

The Federal Reserve likely wants to see June’s nonfarm payrolls report and any U.S.-China trade developments from this month’s G-20 meeting before making a commitment on cutting interest rates, CNBC’s Jim Cramer said Friday.

The central bank voted Wednesday to keep its benchmark interest rate unchanged. It also forecast at least one rate cut, but not until 2020. However, Fed Chair Jerome Powell left open the possibility of a rate cut this year in a post-meeting press conference with reporters.

The Fed’s decision comes after the world’s two largest economies increased tariffs on one another last month. The U.S. increased duties on $200 billion worth of Chinese products from 10% to 25%. China announced plans to raise tariff rates on $60 billion in U.S. goods. The trade dispute has threatened to drag down the global economy and sparked calls on the Fed for a rate cut or even multiple cuts in 2019.

“Remember, [Powell] didn’t commit to cutting rates next month, he just said he’s monitoring the situation,” the “Mad Money” host said. The Fed wants to see “the employment numbers for June and whatever the president does next on trade at the G-20 meeting next week.”

The Labor Department will release its closely watched monthly employment report on July 5.

President Donald Trump is expected to meet with Chinese President Xi Jinping at next week’s G-20 summit in Osaka, Japan. China had kept silent about whether Xi would agree to a face-to-face meeting. Trump, however, hinted at additional tariffs on Chinese goods if Xi did not sign on for a sit-down.

Cramer said he expects to see Monday “some preview of the talks with China.” But Cramer also said he’s not optimistic that Trump and Xi will be able to come to a trade agreement at the meeting.

“We had a great run this week, but the market’s now in overbought territory and there are a bunch of potentially negative catalysts. That’s why I’m taking a cautious stand on next week, and I suggest you do the same,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, stand, jobs, xi, cramer, forecasts, trump, meeting, cut, cautious, trade, rate, taking, rates, g20, week, fed, report


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The US Treasury is calling for mandatory financial literacy courses for college students

The U.S. Department of the Treasury released a new report on behalf of the Financial Literacy and Education Commission that recommends mandatory financial literacy courses for college students. Indeed, there is a lot of research exploring this national problem: Nine out of 10 parents and students failed a 2018 quiz about student loan debt. Meanwhile, MarketWatch reported that half of college students taking an AIG survey on personal finance basics got two or fewer questions correct. And in a re


The U.S. Department of the Treasury released a new report on behalf of the Financial Literacy and Education Commission that recommends mandatory financial literacy courses for college students. Indeed, there is a lot of research exploring this national problem: Nine out of 10 parents and students failed a 2018 quiz about student loan debt. Meanwhile, MarketWatch reported that half of college students taking an AIG survey on personal finance basics got two or fewer questions correct. And in a re
The US Treasury is calling for mandatory financial literacy courses for college students Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: shawn m carter
Keywords: news, cnbc, companies, taking, treasury, courses, mandatory, literacy, college, education, calling, report, student, survey, questions, financial, students


The US Treasury is calling for mandatory financial literacy courses for college students

The U.S. Department of the Treasury released a new report on behalf of the Financial Literacy and Education Commission that recommends mandatory financial literacy courses for college students.

With the cost of college rising faster than incomes and a staggering 44 million Americans owing more than $1.5 trillion in student loans, there has been growing concern that students and their families are taking on debt without truly understanding the long-term impact.

Indeed, there is a lot of research exploring this national problem: Nine out of 10 parents and students failed a 2018 quiz about student loan debt. Meanwhile, MarketWatch reported that half of college students taking an AIG survey on personal finance basics got two or fewer questions correct. And in a recent survey from the Brookings Institution, less than 30% of student respondents could correctly answer three questions on inflation, interest and risk diversification.

“Helping students and their families avoid the pitfalls associated with financing higher education, and empowering them to make optimal financial choices, should be a priority of all institutions of higher education,” the report reads. 


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: shawn m carter
Keywords: news, cnbc, companies, taking, treasury, courses, mandatory, literacy, college, education, calling, report, student, survey, questions, financial, students


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Robotic dishwasher for restaurants taking dirty work out of kitchen

Enter Dishcraft, a start-up building a robotic dishwasher for commercial kitchens. It didn’t matter if you were the French Laundry, a hospital cafeteria or Chili’s; everyone is having a hard time hiring dishwashers,” Pouliot said. Dishcraft’s system uses four main elements: a dish drop, robotic dishwasher, rolling racks and the restaurant’s already-installed sanitizing machine. When a rack is full, a light calls for a dish-room worker to roll it over to the robotic dishwasher, which loads them u


Enter Dishcraft, a start-up building a robotic dishwasher for commercial kitchens. It didn’t matter if you were the French Laundry, a hospital cafeteria or Chili’s; everyone is having a hard time hiring dishwashers,” Pouliot said. Dishcraft’s system uses four main elements: a dish drop, robotic dishwasher, rolling racks and the restaurant’s already-installed sanitizing machine. When a rack is full, a light calls for a dish-room worker to roll it over to the robotic dishwasher, which loads them u
Robotic dishwasher for restaurants taking dirty work out of kitchen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: adam isaak lora kolodny, adam isaak, lora kolodny, brandon duffy, magdalena petrova, peter brussard, bridge instructures vp of product management, stephane kasriel, upwork ceo
Keywords: news, cnbc, companies, kitchen, restaurants, dirty, bowls, dishwashers, robotic, taking, dishcraft, today, work, plates, pouliot, dishwasher


Robotic dishwasher for restaurants taking dirty work out of kitchen

More than half a million people work as dishwashers in the United States today, according to the most recent data from the Department of Labor. But that’s not nearly enough hands to keep cookware clean in the 660,755 establishments counted by the 2018 NPD Group Restaurant Consensus. Enter Dishcraft, a start-up building a robotic dishwasher for commercial kitchens. CEO and founder Linda Pouliot said that to figure out what tech could really do to help, she and CTO Paul Birkmeyer went to restaurants of every kind, volunteering to wash their dishes. Restaurateurs and managers were more than welcoming. The co-founders discovered that work in the dish room is the same as it has been for decades — repetitive, frantic and physically punishing.

CEO and founder Linda Pouliot and CTO Paul Birkmeyer have revolutionalized the repetitive, frantic and physically punishing job of human dishwashers. Adam Isaak

In a typical setup, it’s easy for a dishwasher to break a dish, get burned or slip and fall on the wet floor, Birkmeyer noticed. And at work it’s tempting for dishwashers to just put a rubber band on the overhead sprayers to keep hot water running all day, so they won’t have to keep reaching and grasping. Those conditions drive attrition. “We found the problem is universal. It didn’t matter if you were the French Laundry, a hospital cafeteria or Chili’s; everyone is having a hard time hiring dishwashers,” Pouliot said. Some restaurants turn to disposables or just deal with the expense of constant recruiting. But Dishcraft wants to give them a more sustainable, less costly option. Dishcraft’s system uses four main elements: a dish drop, robotic dishwasher, rolling racks and the restaurant’s already-installed sanitizing machine.

The washer picks up the plates and bowls with a magnet, cleans them with a rubber scraping wheel and rinses them. Andrew Evers

At the dish drop, diners or bussers place dirty bowls and plates into a container that stacks and keeps track of them. When a rack is full, a light calls for a dish-room worker to roll it over to the robotic dishwasher, which loads them up automatically. The washer picks up the plates and bowls with a magnet, cleans them with a rubber scraping wheel and rinses them with gray water (recycled water safe for cleaning purposes). Dishcraft’s robotic washer uses cameras, sensors and “dirt identification algorithms” to find and clean every last spot of food, even those that would be invisible to the naked eye. Once they are washed, the machine stacks the plates and bowls into racks. A worker then places those racks in a sanitizer, standard equipment already used in commercial kitchens today. The sanitizer heats up the dishes, killing any remaining germs.

Dishcraft Adam Isaak

Restaurants love the system because “Robots do not call off, robots don’t take breaks, and robots do not take vacation,” Pouliot said. While Dishcraft is focused on installations in high-volume cafeterias today, it has a way to help smaller restaurants, too. According to Steve Anderson, founder of Baseline Ventures and early investor in Dishcraft, the company will swap clean cookware for dirty at select restaurants at the end of each meal or day, much like a laundry service. Dishcraft systems work only with the plates and bowls that the company makes and sells today. They are hard to break, easy to transport and have metal pieces affixed to the bottom so they are easily grasped by the robotic dishwasher.

Dishcraft Adam Isaak


Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: adam isaak lora kolodny, adam isaak, lora kolodny, brandon duffy, magdalena petrova, peter brussard, bridge instructures vp of product management, stephane kasriel, upwork ceo
Keywords: news, cnbc, companies, kitchen, restaurants, dirty, bowls, dishwashers, robotic, taking, dishcraft, today, work, plates, pouliot, dishwasher


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Ex-Starbucks CEO Howard Schultz sticks with strategist Steve Schmidt despite taking summer off from politics

Howard Schultz, the billionaire former CEO of Starbucks who is considering an independent run for president, is taking the summer off from political activities and has laid off several staffers – but he is sticking with veteran strategist Steve Schmidt. “Steve has advised Howard for quite a while and will continue to do so,” said a senior Schultz aide who declined to be named. Schultz, the aide added, “is realigning his team as he moves into the next phase of an exploration.” His last public rem


Howard Schultz, the billionaire former CEO of Starbucks who is considering an independent run for president, is taking the summer off from political activities and has laid off several staffers – but he is sticking with veteran strategist Steve Schmidt. “Steve has advised Howard for quite a while and will continue to do so,” said a senior Schultz aide who declined to be named. Schultz, the aide added, “is realigning his team as he moves into the next phase of an exploration.” His last public rem
Ex-Starbucks CEO Howard Schultz sticks with strategist Steve Schmidt despite taking summer off from politics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: brian schwartz
Keywords: news, cnbc, companies, average, team, schultz, howard, exstarbucks, president, democratic, politics, steve, biden, came, taking, schmidt, aide, trump, summer, sticks, strategist


Ex-Starbucks CEO Howard Schultz sticks with strategist Steve Schmidt despite taking summer off from politics

Howard Schultz, the billionaire former CEO of Starbucks who is considering an independent run for president, is taking the summer off from political activities and has laid off several staffers – but he is sticking with veteran strategist Steve Schmidt.

“Steve has advised Howard for quite a while and will continue to do so,” said a senior Schultz aide who declined to be named. Schultz, the aide added, “is realigning his team as he moves into the next phase of an exploration.”

Schmidt was a senior campaign strategist on Sen. John McCain’s 2008 presidential campaign and was, until earlier this year, a frequent and vocal media critic of President Donald Trump’s.

Schultz has dramatically scaled back his political activities since he announced in January that he would consider a centrist bid for the presidency, targeting both Trump and what he has called an increasingly liberal Democratic Party.

On Wednesday, Schultz released a statement saying that he was recovering from three back surgeries. He said he would be “back in touch after Labor Day” but did not say whether his next announcement will about a potential presidential run.

Schultz’s last speaking engagement came in April in Arizona. He canceled events in Utah, San Francisco and Dallas.

While Schultz is out of the spotlight, Schmidt and his team will continue to help the former Starbucks boss “assess the landscape and the viability of running for president as an independent,” said another aide, who declined to be named.

Schmidt himself has gone dark. His last public remarks came in February, when he stormed off his own podcast after co-hosts grilled him about backing Schultz. During the interview, he said he was going to open a 501c4 dedicated to building a third party movement that would be funded by Schultz. So far, none of that has come to fruition.

Schmidt, who quit the Republican Party in 2018, has even scaled back his presence on social media, where he would routinely hammer Trump. His last tweet came Jan. 24, when he hit the House GOP for voting against a bill that barred Trump from deciding to exit the North Atlantic Treaty Organization.

Schmidt did not return repeated requests for comment.

Schultz’s break comes as former Vice President Joe Biden continues to enjoy strong support in polls. Biden is considered a centrist Democrat and is perceived as a candidate who would capture the kind of moderate voters Schultz would seek.

People close to Schultz said that the strength of Biden’s appeal will be a deciding factor for whether the coffee tycoon officially launches a run for president.

Biden consistently leads the expansive Democratic field in state and national polls, According to a Real Clear Politics polling average, Biden is ahead of his 22 rivals with a 32% average. Self-described democratic socialist Sen. Bernie Sanders is second with a 16% average.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: brian schwartz
Keywords: news, cnbc, companies, average, team, schultz, howard, exstarbucks, president, democratic, politics, steve, biden, came, taking, schmidt, aide, trump, summer, sticks, strategist


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