Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally

Investors should buy Intel shares as they could get a boost from CEO Bob Swan’s leadership, a Morgan Stanley analyst said Friday. Analyst Joseph Moore upgraded Intel to overweight from equal weight and hiked his price target on the stock to $64 per share from $55. “We think that Intel can rerate higher around a more financially oriented CEO,” Moore said in a note to clients. Intel shares are up 9.55 percent this year through Thursday’s close but are lagging competitors like Nvidia and Advanced M


Investors should buy Intel shares as they could get a boost from CEO Bob Swan’s leadership, a Morgan Stanley analyst said Friday. Analyst Joseph Moore upgraded Intel to overweight from equal weight and hiked his price target on the stock to $64 per share from $55. “We think that Intel can rerate higher around a more financially oriented CEO,” Moore said in a note to clients. Intel shares are up 9.55 percent this year through Thursday’s close but are lagging competitors like Nvidia and Advanced M
Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, samyukta lakshmi, bloomberg, getty images
Keywords: news, cnbc, companies, think, thursdays, predicts, ceo, rally, higher, upgrades, shares, target, stock, intels, jump, morgan, technology, moore, intel, stanley, big


Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally

Investors should buy Intel shares as they could get a boost from CEO Bob Swan’s leadership, a Morgan Stanley analyst said Friday.

Analyst Joseph Moore upgraded Intel to overweight from equal weight and hiked his price target on the stock to $64 per share from $55. Moore’s new price target represents 24 percent upside from Thursday’s close of $51.41 per share. Intel traded about 3 percent higher in the premarket Friday.

“We think that Intel can rerate higher around a more financially oriented CEO,” Moore said in a note to clients. “While some investors wanted someone with more of a technology background, we think that one of Intel’s biggest challenges in recent years has been its tendency to become enamored with technology over economics.”

Swan was Intel’s interim CEO for seven months after Brian Krzanich was ousted last year for having a “consensual relationship” with an employee. Prior to that, Swan had been Intel’s CFO since 2016.

Intel shares are up 9.55 percent this year through Thursday’s close but are lagging competitors like Nvidia and Advanced Micro Devices. Nvidia’s stock is up more than 16 percent in 2019 while AMD has surged nearly 30 percent.

“With a better portfolio optimization process, framing those technology issues around business risk/reward, a mindset of optimizing free cash flow more than earnings, and a higher standard of M&A accretion, we see the multiple expanding from 12x to 14x in our base case,” Moore said. “While we are cautious on semiconductors, and Intel is not immune, these idiosyncratic opportunities set them apart.”

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Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, samyukta lakshmi, bloomberg, getty images
Keywords: news, cnbc, companies, think, thursdays, predicts, ceo, rally, higher, upgrades, shares, target, stock, intels, jump, morgan, technology, moore, intel, stanley, big


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US, China extend trade talks as Trump and Xi express optimism

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e


Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e
US, China extend trade talks as Trump and Xi express optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


US, China extend trade talks as Trump and Xi express optimism

“I think we’re making a lot of progress,” Trump said, adding that there was a “very good chance a deal could be made.”

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective.

Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon.

U.S. Trade Representative Robert Lighthizer, who also attended the Oval Office meeting, said negotiations had moved forward, but noted that “a few very big hurdles” remained.

Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” He added, “If we’re doing well, I could see extending that.”

Towards the end of the press event, Trump and Lighthizer publicly sparred over what to call the agreement currently being negotiated. Traditionally, bilateral trade deals between nations have been inked with memoranda of understanding, or MOUs rather than legally binding contracts, given the diversity of legal systems around the world.

“An MOU is a contract, it’s the way trade agreements are generally used,” Lighthizer said in response to a reporter’s question about whether the MOU currently being hashed out between the U.S. and China would be short term or longer term.

“I disagree,” Trump replied. “I think that a MOU is not a contract to the extent that we want…To me the final contract is really the thing, Bob. To me, MOUs don’t mean anything.”

Rather than openly disagree with the president in public, Lightheizer simply agreed to call the same deal by a different name.

“From now on, we’re not using the term memorandum of understanding anymore,” Lighthizer said. “We’re going to use the term trade agreement. We’ll have the same document, but it’s going to be known as a trade agreement.”

While the two sides remain far from reconciling their disputes over forced technology transfers and what the U.S. alleges is China’s theft of its intellectual property, sources confirmed to CNBC on Friday that China has committed to buying $1.2 trillion in U.S. goods.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


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US, China extend trade talks as Trump and Xi express optimism

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e


Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e
US, China extend trade talks as Trump and Xi express optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


US, China extend trade talks as Trump and Xi express optimism

“I think we’re making a lot of progress,” Trump said, adding that there was a “very good chance a deal could be made.”

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective.

Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon.

U.S. Trade Representative Robert Lighthizer, who also attended the Oval Office meeting, said negotiations had moved forward, but noted that “a few very big hurdles” remained.

Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” He added, “If we’re doing well, I could see extending that.”

Towards the end of the press event, Trump and Lighthizer publicly sparred over what to call the agreement currently being negotiated. Traditionally, bilateral trade deals between nations have been inked with memoranda of understanding, or MOUs rather than legally binding contracts, given the diversity of legal systems around the world.

“An MOU is a contract, it’s the way trade agreements are generally used,” Lighthizer said in response to a reporter’s question about whether the MOU currently being hashed out between the U.S. and China would be short term or longer term.

“I disagree,” Trump replied. “I think that a MOU is not a contract to the extent that we want…To me the final contract is really the thing, Bob. To me, MOUs don’t mean anything.”

Rather than openly disagree with the president in public, Lightheizer simply agreed to call the same deal by a different name.

“From now on, we’re not using the term memorandum of understanding anymore,” Lighthizer said. “We’re going to use the term trade agreement. We’ll have the same document, but it’s going to be known as a trade agreement.”

While the two sides remain far from reconciling their disputes over forced technology transfers and what the U.S. alleges is China’s theft of its intellectual property, sources confirmed to CNBC on Friday that China has committed to buying $1.2 trillion in U.S. goods.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


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Changing consumer trends have contributed to Kraft Heinz’s troubles, retail analyst says

Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday. “I think the challenge for Kraft Heinz goes well beyond just a one-company situation. But the problem for Kraft Heinz, he said, is that throwing marketing dollars won’t find the pulse of consumers quite like innovation. “It’s not the big food companies [growing], because they just aren’t close enough to the consumer to


Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday. “I think the challenge for Kraft Heinz goes well beyond just a one-company situation. But the problem for Kraft Heinz, he said, is that throwing marketing dollars won’t find the pulse of consumers quite like innovation. “It’s not the big food companies [growing], because they just aren’t close enough to the consumer to
Changing consumer trends have contributed to Kraft Heinz’s troubles, retail analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: tyler clifford
Keywords: news, cnbc, companies, retail, trends, kraft, working, food, changing, analyst, contributed, heinz, troubles, companies, company, stock, think, closing, heinzs, consumer


Changing consumer trends have contributed to Kraft Heinz's troubles, retail analyst says

Kraft Heinz is feeling the squeeze as the brand falls behind food consumption trends and faces other mounting struggles, Wolfe Research analyst Scott Mushkin told CNBC on Friday.

Management is catching heat from its connection to cost-cutting private-equity giant 3G Capital, but the food and beverage giant’s revamp of products such as Oscar Mayer is just falling short, he said.

“I think the challenge for Kraft Heinz goes well beyond just a one-company situation. It goes to what’s going on with food producers here in the U.S., and we think the environment is just awful,” he said on “Closing Bell.”

The company needs to find a new recipe as population and healthy eating trends noticeably alter consumption habits, he said, pointing out declining birth rates and increasingly popular “pure food” campaigns such as Meatless Monday.

“So [there are] just a lot, a lot, of challenges, not to mention private label, so the company faces enormous challenges,” Mushkin said. “They have reinvested in their brands, but it’s just not working and it’s maybe even worse because it’s not working than if they were just cutting costs and not reinvesting.”

Jeff Robards, the global head of consumer food at Alantra who also appeared in the “Closing Bell” segment, said large food companies could address those trends with the right growth strategy. But the problem for Kraft Heinz, he said, is that throwing marketing dollars won’t find the pulse of consumers quite like innovation.

That has instead allowed entrepreneurs and smaller companies to grow, he said.

“It’s not the big food companies [growing], because they just aren’t close enough to the consumer to figure these things out,” Robards said. “And you see efforts by all of these companies to try to do that, but I think the problem is they can’t effectively get out of their historical way of doing business in order to kind of tap in to all those trends and all that growth.”

Mushkin said it’s time for Kraft Heinz to acquire a smaller company. His firm still has an outperform rating for the stock and a $62 price target, which is more than 77 percent higher than its Friday closing price.

“Could we please get some M&A in this space,” he said. “And man, do we need consolidation, but the family structures actually prevent some of it, but you know let’s hope we get some because we need it in this space.”

Kraft Heinz tanked more than 27 percent Friday, its worst daily performance ever. The stock had two negative sessions in a row after it slashed its dividend, wrote down some of its key brands, and revealed it’s being investigated by the SEC.

Fourth-quarter earnings and revenue also fell below Wall Street’s expectations.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: tyler clifford
Keywords: news, cnbc, companies, retail, trends, kraft, working, food, changing, analyst, contributed, heinz, troubles, companies, company, stock, think, closing, heinzs, consumer


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Amazon’s China unit is reportedly considering a merger. That’s ‘too little too late,’ expert says

That news raised questions about Amazon’s plans for the country, where it has historically struggled to gain market share. Responding to an inquiry about the Caijing report, Amazon told Reuters it did not comment on market speculation. Still, there is some rationale to a tie up between Amazon and Kaola, Chukumba said. In fact, according to Chukumba, the best case scenario for Amazon’s China business, would be for single-digit-percentage gains in market share. “I don’t really think that the compa


That news raised questions about Amazon’s plans for the country, where it has historically struggled to gain market share. Responding to an inquiry about the Caijing report, Amazon told Reuters it did not comment on market speculation. Still, there is some rationale to a tie up between Amazon and Kaola, Chukumba said. In fact, according to Chukumba, the best case scenario for Amazon’s China business, would be for single-digit-percentage gains in market share. “I don’t really think that the compa
Amazon’s China unit is reportedly considering a merger. That’s ‘too little too late,’ expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lena loke, getty images
Keywords: news, cnbc, companies, china, amazons, local, merger, market, really, think, little, thats, late, expert, kaola, reportedly, unit, chukumba, amazon, considering, told


Amazon's China unit is reportedly considering a merger. That's 'too little too late,' expert says

Amazon is reportedly in talks to merge its China unit with a local e-commerce firm, but one expert said any deal is likely to be “too little too late” for the American e-commerce giant’s ambitions in Asia’s largest economy.

Business magazine Caijing reported on Tuesday that Amazon’s Chinese joint venture is talking with Kaola, a local player owned by Nasdaq-listed NetEase, about a potential merger. That news raised questions about Amazon’s plans for the country, where it has historically struggled to gain market share.

Responding to an inquiry about the Caijing report, Amazon told Reuters it did not comment on market speculation. NetEase declined to comment to the news wire.

Anthony Chukumba, managing director of Chicago-based firm Loop Capital, said he’s not very optimistic about any potential union.

“To some extent, it is too little too late,” he told CNBC’s “Squawk Box” on Thursday. “Amazon has been in China for 15 years, it’s not like they just got there last year. So if it hasn’t worked in 15 years, I am not really sure that merging with Kaola is going to make all that much of a difference.”

Chukumba said Amazon only has about 1 percent market share in China and is thought of as “a has-been” and “kind of a never-was” — which stands in stark contrast to its estimated 40 percent of the online market in the U.S. Local Chinese competitors meanwhile, including Alibaba and JD.com, dominate the market in the country.

Still, there is some rationale to a tie up between Amazon and Kaola, Chukumba said.

“Certainly this acquisition will help from a scale perspective, it also should provide them some local expertise and local relationships, particularly with the Chinese government, which i think would be a good thing,” he said, emphasizing that it still wouldn’t “level the playing field” against the likes of Alibaba.

In fact, according to Chukumba, the best case scenario for Amazon’s China business, would be for single-digit-percentage gains in market share.

That’s in part due to the relatively small size of Kaola in China, but it’s not like Amazon could have been aiming for bigger merger partners, the Chicago-based expert said.

“I just don’t think the big boys would have them, I’m not really sure what it does for the big boys at this point,” Chukumba said.

That said, pursuing a Kaola deal has little risk for Amazon’s overall business.

“I don’t really think that the company and, quite frankly, investors are ascribing much of the value of Amazon to what they’re doing in China,” Chukumba told CNBC. “So, to some extent, they just have nothing to lose.”

But if Amazon has few viable prospects in China, the question arises of why devote resources to the country at all. For Chukumba, it comes down to the philosophy of the company’s founder and CEO.

“I think that, if you are Jeff Bezos, your goal is world domination,” he said. “The larger your total addressable market at the end of the day, the larger your potential valuation, so I don’t think that Amazon can just say, you know, ‘We are just going to be a North American-centric business.'”

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lena loke, getty images
Keywords: news, cnbc, companies, china, amazons, local, merger, market, really, think, little, thats, late, expert, kaola, reportedly, unit, chukumba, amazon, considering, told


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Amazon’s China unit is reportedly considering a merger. That’s ‘too little too late,’ expert says

That news raised questions about Amazon’s plans for the country, where it has historically struggled to gain market share. Responding to an inquiry about the Caijing report, Amazon told Reuters it did not comment on market speculation. Still, there is some rationale to a tie up between Amazon and Kaola, Chukumba said. In fact, according to Chukumba, the best case scenario for Amazon’s China business, would be for single-digit-percentage gains in market share. “I don’t really think that the compa


That news raised questions about Amazon’s plans for the country, where it has historically struggled to gain market share. Responding to an inquiry about the Caijing report, Amazon told Reuters it did not comment on market speculation. Still, there is some rationale to a tie up between Amazon and Kaola, Chukumba said. In fact, according to Chukumba, the best case scenario for Amazon’s China business, would be for single-digit-percentage gains in market share. “I don’t really think that the compa
Amazon’s China unit is reportedly considering a merger. That’s ‘too little too late,’ expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lena loke, getty images
Keywords: news, cnbc, companies, china, amazons, local, merger, market, really, think, little, thats, late, expert, kaola, reportedly, unit, chukumba, amazon, considering, told


Amazon's China unit is reportedly considering a merger. That's 'too little too late,' expert says

Amazon is reportedly in talks to merge its China unit with a local e-commerce firm, but one expert said any deal is likely to be “too little too late” for the American e-commerce giant’s ambitions in Asia’s largest economy.

Business magazine Caijing reported on Tuesday that Amazon’s Chinese joint venture is talking with Kaola, a local player owned by Nasdaq-listed NetEase, about a potential merger. That news raised questions about Amazon’s plans for the country, where it has historically struggled to gain market share.

Responding to an inquiry about the Caijing report, Amazon told Reuters it did not comment on market speculation. NetEase declined to comment to the news wire.

Anthony Chukumba, managing director of Chicago-based firm Loop Capital, said he’s not very optimistic about any potential union.

“To some extent, it is too little too late,” he told CNBC’s “Squawk Box” on Thursday. “Amazon has been in China for 15 years, it’s not like they just got there last year. So if it hasn’t worked in 15 years, I am not really sure that merging with Kaola is going to make all that much of a difference.”

Chukumba said Amazon only has about 1 percent market share in China and is thought of as “a has-been” and “kind of a never-was” — which stands in stark contrast to its estimated 40 percent of the online market in the U.S. Local Chinese competitors meanwhile, including Alibaba and JD.com, dominate the market in the country.

Still, there is some rationale to a tie up between Amazon and Kaola, Chukumba said.

“Certainly this acquisition will help from a scale perspective, it also should provide them some local expertise and local relationships, particularly with the Chinese government, which i think would be a good thing,” he said, emphasizing that it still wouldn’t “level the playing field” against the likes of Alibaba.

In fact, according to Chukumba, the best case scenario for Amazon’s China business, would be for single-digit-percentage gains in market share.

That’s in part due to the relatively small size of Kaola in China, but it’s not like Amazon could have been aiming for bigger merger partners, the Chicago-based expert said.

“I just don’t think the big boys would have them, I’m not really sure what it does for the big boys at this point,” Chukumba said.

That said, pursuing a Kaola deal has little risk for Amazon’s overall business.

“I don’t really think that the company and, quite frankly, investors are ascribing much of the value of Amazon to what they’re doing in China,” Chukumba told CNBC. “So, to some extent, they just have nothing to lose.”

But if Amazon has few viable prospects in China, the question arises of why devote resources to the country at all. For Chukumba, it comes down to the philosophy of the company’s founder and CEO.

“I think that, if you are Jeff Bezos, your goal is world domination,” he said. “The larger your total addressable market at the end of the day, the larger your potential valuation, so I don’t think that Amazon can just say, you know, ‘We are just going to be a North American-centric business.'”

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lena loke, getty images
Keywords: news, cnbc, companies, china, amazons, local, merger, market, really, think, little, thats, late, expert, kaola, reportedly, unit, chukumba, amazon, considering, told


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Forget bitcoin, cannabis is the place to go, says US wealth advisor

Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families. The New York Stock Exchange and Nasdaq both listed cannabis companies in 2018 when Canopy Growth and the Cronos Group went public on the indexes. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent. “The medical applications for cannabis are staggering. The wealth


Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families. The New York Stock Exchange and Nasdaq both listed cannabis companies in 2018 when Canopy Growth and the Cronos Group went public on the indexes. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent. “The medical applications for cannabis are staggering. The wealth
Forget bitcoin, cannabis is the place to go, says US wealth advisor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: david reid, spencer platt, getty images, cole burston
Keywords: news, cnbc, companies, medical, think, cannabis, forget, plant, stocks, place, staggering, stock, pepper, bitcoin, growth, advisor, risen, wealth


Forget bitcoin, cannabis is the place to go, says US wealth advisor

Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families.

“If you want to be in something that’s very growthy, and actually legitimate as it is legalized and controlled properly, I think this is the place to go,” Carol Pepper of Pepper International told CNBC’s “Squawk Box Europe” on Friday.

The New York Stock Exchange and Nasdaq both listed cannabis companies in 2018 when Canopy Growth and the Cronos Group went public on the indexes. Both firms are based in Canada, where recreational marijuana is now legal. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent.

Pepper said legalization in Canada had “blown through expectations” and the success had reached the point where firms based there were now exporting to Europe.

“The medical applications for cannabis are staggering. The research is being done and I really think this is next huge growth area,” she said, noting evidence of the drug’s efficacy in treatment of arthritis and epilepsy.

The wealth manager also rejected a suggestion that cannabis stocks would mirror the bitcoin frenzy, which saw asset prices spike to the highs of over $19,000 and crash to trade at around $3,940 currently , stating that cannabis is a physical product with defined benefits.

“I think it is a phenomenal plant that is going to a lot of good for the planet and I’m glad it is finally being legalized.”

Ten U.S. states and the District of Columbia have legalized the crop, even though federal law bans it.

Pepper predicted that big U.S. tobacco and drinks companies will take control of the industry once more legal prohibition is removed around the world.

WATCH: Six experts on the cannabis craze


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: david reid, spencer platt, getty images, cole burston
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Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume

Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a


Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a
Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Trump hints at a softer stance on Huawei in a bizarre '6G' tweet, as China trade talks resume

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41

Meanwhile, Trump has reportedly been preparing an executive order to ban Huawei and ZTE from operating in the U.S., which would grant U.S. companies a little more cushion to build their own 5G networks. Now it seems Trump could be reconsidering a ban on Chinese telecoms.

It’s unclear whether a potential ban on Huawei and ZTE would factor into negotiations, but such an executive order would likely invite some bad blood between the world’s two largest economies.

The U.S. and other countries have long feared Huawei’s equipment could be used for spying.

TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. New Zealand and Japan have similar prohibitions in place. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.”

Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will allow all 5G equipment vendors in the country.

U.S. carriers AT&T and Verizon are still activating fledgling 5G networks in select cities, and T-Mobile and Sprint plan to launch theirs later this year. Most experts think it will take until at least 2020 for 5G to become widespread.

Samsung just announced the first phone that will run on the faster network, but it won’t launch until the second quarter of this year.

Trump’s reference to nonexistent “6G” might just be an indication he wants technology to be running full speed ahead, but it’s not something that anyone will be able to use in the near future.

The White House did not respond to a request for comment.

WATCH: Here’s what you need to know about the Huawei debate


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


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Bank analyst Dick Bove says sell Goldman Sachs: ‘Legal issues are just beginning’

Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes. The closely followed Bove, who joined broker-dealer Odeon earlier this year, initiated coverage of Goldman Sachs with a sell rating. “It is unclear to us whether Goldman Sachs participated in any inappropriate activities,” Bove wrote. If true, this will lead to meaningful changes in company operations and personnel. Goldman Sachs claims it was the v


Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes. The closely followed Bove, who joined broker-dealer Odeon earlier this year, initiated coverage of Goldman Sachs with a sell rating. “It is unclear to us whether Goldman Sachs participated in any inappropriate activities,” Bove wrote. If true, this will lead to meaningful changes in company operations and personnel. Goldman Sachs claims it was the v
Bank analyst Dick Bove says sell Goldman Sachs: ‘Legal issues are just beginning’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, goldman, beginning, lloyd, think, analyst, company, bove, operations, sachs, malaysian, sell, dick, legal, bank, blankfein, issues


Bank analyst Dick Bove says sell Goldman Sachs: 'Legal issues are just beginning'

Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes.

The closely followed Bove, who joined broker-dealer Odeon earlier this year, initiated coverage of Goldman Sachs with a sell rating.

“It is unclear to us whether Goldman Sachs participated in any inappropriate activities,” Bove wrote. “What does seem likely is that Goldman’s due diligence efforts will be criticized. If true, this will lead to meaningful changes in company operations and personnel. The company has already decided to withhold payments to some of its top executives due to this matter.”

The bank said earlier this year that it could withhold pay from former CEO and Chairman Lloyd Blankfein and other top executives depending on the outcome of an investigation into a Malaysian investment fund called 1MDB.

Goldman helped the fund raise $6.5 billion in 2012 and 2013 in three bond deals, but now faces charges by the Malaysian government, which claims assets were plundered from the fund. Goldman Sachs claims it was the victim of deceptive Malaysian officials and the rogue actions of a former banker at the firm.

“I think that the most negative revelations are yet to come,” Bove continued. “Thus, the broader issue is will Goldman’s business operations be impacted? The company has been involved in questionable operations in Venezuela, also.”

Goldman did not immediately return a phone call for comment on Bove’s note.

The closely followed financials analyst has been a frequent and vocal critic of the New York-based bank. A frequent target of Bove’s frustrations was former Goldman CEO Lloyd Blankfein, whom the analyst often critiqued for his management during the 2008 financial crisis. The analyst was overjoyed last year when the company announced that Blankfein would step down.

“I think it’s wonderful. The only bad part about this news is that people are talking about him staying until the end of the year. I think he should leave immediately,” Bove told CNBC’s “Halftime Report” in March 2018. “I don’t think there’s any rationale other than the cult of Lloyd Blankfein. … There’s no reason for him to stay.”

The analyst underscored at the time what he sees as “pathetic” earnings and revenue performance over the past several years relative to the other big banks on Wall Street.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, goldman, beginning, lloyd, think, analyst, company, bove, operations, sachs, malaysian, sell, dick, legal, bank, blankfein, issues


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Spike Lee learned a crucial career lesson from his Oscar snub in 1990

He feels the success of “BlacKkKlansman” has prompted a “reassessment of my body of work.” In an interview with GQ, Lee reveals that the script for his latest film came to him via Jordan Peele. “No one should have to think long and hard why Jordan Peele asked me to do this,” he explains. “He’s seen my body of work. Don’t miss: Oscar-winner Barry Jenkins worked at Oprah’s Harpo Films—but it was a job at Banana Republic that launched his film career


He feels the success of “BlacKkKlansman” has prompted a “reassessment of my body of work.” In an interview with GQ, Lee reveals that the script for his latest film came to him via Jordan Peele. “No one should have to think long and hard why Jordan Peele asked me to do this,” he explains. “He’s seen my body of work. Don’t miss: Oscar-winner Barry Jenkins worked at Oprah’s Harpo Films—but it was a job at Banana Republic that launched his film career
Spike Lee learned a crucial career lesson from his Oscar snub in 1990 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: courtney connley, isaiah trickey, getty images, steve granitz, wireimage
Keywords: news, cnbc, companies, snub, work, lesson, long, jordan, think, crucial, oscar, dont, learned, 1990, film, seen, career, lee, body, say, spike


Spike Lee learned a crucial career lesson from his Oscar snub in 1990

Lee, who was awarded an honorary Oscar in 2015, continued, saying, “If I was a musician, I would say the same thing about the Grammys or the Tonys or any of those organizations that give out awards.”

He feels the success of “BlacKkKlansman” has prompted a “reassessment of my body of work.” In an interview with GQ, Lee reveals that the script for his latest film came to him via Jordan Peele.

“No one should have to think long and hard why Jordan Peele asked me to do this,” he explains. “He’s seen my body of work. It’s simple. He’s seen my body of work! I knew he had a list. I don’t know who else was on the list. But I did not find it strange that, ‘Oh, my God! Jordan Peele is asking me to do this?!’ I mean, I knew why he wanted to.”

“BlacKkKlansman,” which was developed by Focus Features, is the first movie that Lee had done with a major studio in more than 10 years. In its first weekend at the box office the film exceeded expectations, grossing close to $11 million.

The 61-year-old director, who considers the film to be just another “Spike Lee Joint,” tells The Washington Post that he also believes the timing of the film, and its subject matter — a black cop who infiltrates the Ku Klux Klan — played a crucial role in its success.

“Timing is everything, and on this film, the stars were in alignment,” says Lee. “I don’t think I tried any harder on this film than others, but there are certain things when you put a film out, when you put a piece of art out in the universe, you have no control after that.”

Lee, who joined an Oscars boycott three years ago after activist April Reign started the #OscarsSoWhite campaign, credits Reign and former Academy President Cheryl Boone Isaacs with helping to diversify the award show nominations. He says there’s still a long way to go when it comes to bringing true change and diversity to Hollywood.

“The long game is the gatekeepers,” says Lee. “These are individuals, a select few, who have quarterly meetings and decide what we’re making and we’re not making.”

He adds that if people of color and women are not in those rooms “then you don’t really have a say, because you’re not in the room to put your hand up, throw a chair or say, ‘What are we doing?'”

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Don’t miss: Oscar-winner Barry Jenkins worked at Oprah’s Harpo Films—but it was a job at Banana Republic that launched his film career


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: courtney connley, isaiah trickey, getty images, steve granitz, wireimage
Keywords: news, cnbc, companies, snub, work, lesson, long, jordan, think, crucial, oscar, dont, learned, 1990, film, seen, career, lee, body, say, spike


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