A 10% rally for the S&P 500 is possible by year-end: Fundstrat’s Tom Lee

A 10% rally by year-end is still on the table, says Fundstrat’s Tom Lee 11 Hours Ago | 05:58There’s still time for the S&P 500 to catch a 10 percent rally going into the new year, Fundstrat Global Advisors’ Tom Lee told CNBC Friday. “I think, to me, anything that happens between now and year-end is a lot more about positioning than macro development.” The S&P is now in correction territory after shedding another 1.9 percent on Friday, closing just under 2,600. A 10 percent turnaround would close


A 10% rally by year-end is still on the table, says Fundstrat’s Tom Lee 11 Hours Ago | 05:58There’s still time for the S&P 500 to catch a 10 percent rally going into the new year, Fundstrat Global Advisors’ Tom Lee told CNBC Friday. “I think, to me, anything that happens between now and year-end is a lot more about positioning than macro development.” The S&P is now in correction territory after shedding another 1.9 percent on Friday, closing just under 2,600. A 10 percent turnaround would close
A 10% rally for the S&P 500 is possible by year-end: Fundstrat’s Tom Lee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: tyler clifford
Keywords: news, cnbc, companies, sp, working, rally, yearend, yeari, 500, tom, fundstrats, cisco, possible, thats, think, lee


A 10% rally for the S&P 500 is possible by year-end: Fundstrat's Tom Lee

A 10% rally by year-end is still on the table, says Fundstrat’s Tom Lee 11 Hours Ago | 05:58

There’s still time for the S&P 500 to catch a 10 percent rally going into the new year, Fundstrat Global Advisors’ Tom Lee told CNBC Friday.

“Obviously we’re working with a really short time frame, but we know that markets have been moving very quickly in the last couple of months,” the managing partner and head of research said on “Fast Money.” “I think, to me, anything that happens between now and year-end is a lot more about positioning than macro development.”

The S&P is now in correction territory after shedding another 1.9 percent on Friday, closing just under 2,600. The index is down 2.76 percent on the year. But Lee says there could be a significant reversal in the next 10 days.

A 10 percent turnaround would close the S&P at 2,860 at the end of the year.

“I think the market is gravitating toward quality names,” he said.

While 2019 might be a tough year for equities, he argues it’s “too early” to judge if a recession is on the way, and that makes him bullish.

Choose “Walt Disney over Netflix … Cisco over FAANG, and I think maybe that’s how people want to be positioned anyways, but I think that’s the stuff they’re willing to sort of buy up.”

Disney is up 4.3 percent and Cisco is up 19.6 percent in 2018.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: tyler clifford
Keywords: news, cnbc, companies, sp, working, rally, yearend, yeari, 500, tom, fundstrats, cisco, possible, thats, think, lee


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Stocks broke key level and could aim for the year’s low

The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and the October low of 2,603. The S&P fell below 2,600 earlier this week but did not close below it until Friday. If momentum remains negative, and we trade well below 2,600, we could see a test of the 2530, 2550 February low,” Redler said. “I think it”s deeply oversold…More important than the Friday close is how the market reacts to the Fed next week,” he said. The S&P 500 has also been forming a head and shoulders patte


The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and the October low of 2,603. The S&P fell below 2,600 earlier this week but did not close below it until Friday. If momentum remains negative, and we trade well below 2,600, we could see a test of the 2530, 2550 February low,” Redler said. “I think it”s deeply oversold…More important than the Friday close is how the market reacts to the Fed next week,” he said. The S&P 500 has also been forming a head and shoulders patte
Stocks broke key level and could aim for the year’s low Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: patti domm, spencer platt, getty images
Keywords: news, cnbc, companies, aim, sp, week, key, range, stocks, lows, 500, market, 2600, level, broke, low, think, fed


Stocks broke key level and could aim for the year's low

The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — a level that is as much as 3 percent below current levels.

The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and the October low of 2,603. The S&P fell below 2,600 earlier this week but did not close below it until Friday.

Scott Redler, a partner with T3Live.com, said traders are now watching the range between 2,530 and 2,550. The intra-day low from February was 2,532.

The Fed meeting in the coming week could be a pivotal point for the market. The Fed is expected to raise rates but it is also expected to lower its forecast for additional rate hikes and emphasize it will move cautiously.

“I think traders are waiting for the Fed on Wednesday but they’re waiting to see the action in the first few days of next week. If momentum remains negative, and we trade well below 2,600, we could see a test of the 2530, 2550 February low,” Redler said.

He added the Fed could be a positive catalyst helping the market find a short term bottom into the end of the year. “The question is where will that short term bottom be,” he said.

Robert Sluymer, technical strategist at Fundstrat, said he is more concerned about how the market navigates the whole range of lows from this year.

“I think it”s deeply oversold…More important than the Friday close is how the market reacts to the Fed next week,” he said. “There’s an intraday low at May at 2,600. We’re basically testing the April lows. ..I think we’re down into a range and testing it.”

The S&P 500 has also been forming a head and shoulders pattern, considered a negative sign for the market.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: patti domm, spencer platt, getty images
Keywords: news, cnbc, companies, aim, sp, week, key, range, stocks, lows, 500, market, 2600, level, broke, low, think, fed


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Fed meeting could be pivotal for stock market looking for ‘knight in shining armor’

The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years. “Equities are hoping that the Fed is almost done or [for] signals that they’re going to pause. Robert Sluymer, technical strategist at Fundstrat, said key for the stock market will be how


The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years. “Equities are hoping that the Fed is almost done or [for] signals that they’re going to pause. Robert Sluymer, technical strategist at Fundstrat, said key for the stock market will be how
Fed meeting could be pivotal for stock market looking for ‘knight in shining armor’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: patti domm, adam jeffery
Keywords: news, cnbc, companies, stock, meeting, knight, armor, week, stocks, rate, dovish, market, pivotal, economy, theyre, fed, think, looking, shining, expected


Fed meeting could be pivotal for stock market looking for 'knight in shining armor'

The Fed may not be able to turn the tide for the stock market in the week ahead, but it could soothe some of the wild volatility that has been crushing stocks since October.

The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years.

“Equities are hoping that the Fed is almost done or [for] signals that they’re going to pause. I think it’s too premature for them to do that,” said George Goncalves, head of fixed income strategy at Nomura. “The Fed was a little too optimistic for next year, and now they’ve got to come down. The recent price action is almost an overshoot on the bearish side.”

The Fed should tweak its economic forecast, and it could note that it has concerns about global growth. Powell is also expected to hold a briefing, where he could discuss Fed officials’ concerns about the impact of trade wars and possibly financial conditions.

There has been some speculation the Fed could hold off on a rate hike Wednesday, but it is widely expected to move forward and use its forecast and dovish tone to ease market fears that it is moving too aggressively.

“Is the change in tone going to be enough to jump-start this market that only reacts to bad news? It may well be. It may be the pivot point,” said Art Hogan, chief market strategist at B. Riley FBR.

Some strategists said if the Fed sparks a rally, there’s a chance stocks could find a near-term bottom.

Robert Sluymer, technical strategist at Fundstrat, said key for the stock market will be how it trades coming out of the Fed meeting. “I think it’s huge,” he said. “A tremendous number of stocks have been selling off through 2018. You have a lot of weak stocks, but they’re also deeply oversold from an intermediate standpoint. … My guess is coming out of the Fed you’re going to see some relief from that.”

Sluymer said the market is testing the lows of its 2018 trading range. The S&P 500 closed at 2,599, off 1.9 percent Friday and 1.2 percent for the week. It is now down 2.8 percent for the year.

“I think the markets want way too much out of the Fed. Market participants want a knight in shining armor,” said Goncalves. Goncalves said Nomura expects the Fed to eliminate one of the rate hikes in its collective forecast for next year, taking it to two instead of three on its so-called “dot plot.”

Trade-war worries and the Fed’s interest rate hikes have topped the list of what’s scaring risk markets and sending buyers into safe havens like Treasurys. On Friday, stocks plunged after a surprise slowing of consumer and industrial data in China, even though U.S. retail sales were strong and economists upped their outlook for fourth-quarter growth to 3 percent.

But the U.S. economy is expected to grow at a slower pace next year, and the Fed is expected to emphasize its policy decisions will be dependent on data. Economists expect growth to fall from about 3 percent to 2.4 percent next year, according to CNBC/Moody’s Analytics rapid GDP update.

“If the Fed sounds overtly too dovish, it sounds like they’re trying to appease the equity market. If they end up being too dovish they run the risk of having us wonder what they know that we don’t know,” said Goncalves.

Patrick Palfrey, equity strategist at Credit Suisse, said the economic outlook and earnings expectations are still solid but the global economy has weakened somewhat and the market has to adjust. “If you look at valuations in the sell-off, what the market is pricing at the moment is a recession, an economic recession or a profit recession. The question is when you look at ISM or the pace of job gains, the question is are they recessionary? And the answer is no,” Palfrey said.

Goncalves said the Fed will be careful not to be too fearful about the economy. “The economy is not yet at a point where you can say clearly that we’re heading for a downfall,” he said.

Besides the Fed in the week ahead, there are a few earnings reports, including Oracle on Monday, Micron and FedEx on Tuesday, and Nike on Thursday.

Economic reports include homebuilders sentiment on Monday, home sales Wednesday and personal income and durable goods Friday.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: patti domm, adam jeffery
Keywords: news, cnbc, companies, stock, meeting, knight, armor, week, stocks, rate, dovish, market, pivotal, economy, theyre, fed, think, looking, shining, expected


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Cramer: When J&J continues falling on Monday it could be time to buy

Johnson & Johnson shares will keep falling on Monday and it could be an opportune time to buy, CNBC’s Jim Cramer said on Friday. “I certainly wouldn’t want to commit a lot of money, but you start buying stocks like J&J when they are down another 10 percent on Monday,” the “Mad Money” host said on “Closing Bell.” “I don’t think you’re going to get hurt that bad, I think it’s going to work for you.” He also points to Costco as another buying opportunity, calling the grocery chain’s monthly numbers


Johnson & Johnson shares will keep falling on Monday and it could be an opportune time to buy, CNBC’s Jim Cramer said on Friday. “I certainly wouldn’t want to commit a lot of money, but you start buying stocks like J&J when they are down another 10 percent on Monday,” the “Mad Money” host said on “Closing Bell.” “I don’t think you’re going to get hurt that bad, I think it’s going to work for you.” He also points to Costco as another buying opportunity, calling the grocery chain’s monthly numbers
Cramer: When J&J continues falling on Monday it could be time to buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: tyler clifford
Keywords: news, cnbc, companies, costco, buying, stock, start, continues, shares, buy, cramer, nearly, falling, company, think, jj


Cramer: When J&J continues falling on Monday it could be time to buy

Johnson & Johnson shares will keep falling on Monday and it could be an opportune time to buy, CNBC’s Jim Cramer said on Friday.

The stock plunged 10.4 percent to close at $133 a share on Friday after Reuters reported the company knew for decades that asbestos was in its baby powder.

“I certainly wouldn’t want to commit a lot of money, but you start buying stocks like J&J when they are down another 10 percent on Monday,” the “Mad Money” host said on “Closing Bell.” “I don’t think you’re going to get hurt that bad, I think it’s going to work for you.”

JNJ helped drag the Dow Jones Industrial Average down nearly 500 points on the day, and the stock is now down nearly 5 percent for the year. It was the worst day for JNJ since July 19, 2002.

The company called the Reuters article “one-sided, false and inflammatory” in a statement on Friday.

“Simply put, the Reuters story is an absurd conspiracy theory, in that it apparently has spanned over 40 years, orchestrated among generations of global regulators, the world’s foremost scientists and universities, leading independent labs, and J&J employees themselves,” the company said in a statement.

Reuters reporter Lisa Girion stands by her reporting, telling CNBC Friday the report was based on the company’s own documents.

“I think that the sellers of J&J aren’t done, because they didn’t do any homework and they’re just buying entirely into a Reuters story that I’m not buying into,” Cramer said, “but you have to let the sellers finish.”

He also points to Costco as another buying opportunity, calling the grocery chain’s monthly numbers in its weaker-than-expected earnings report “fine.” Shares of Costco tanked nearly 9 percent, closing at $207.06.

“Get Costco under $200, you start a position. Get J&J under $130 and start a position,” Cramer argued.

Disclaimer

Disclosures: Cramer’s charitable trust owns shares of JNJ.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: tyler clifford
Keywords: news, cnbc, companies, costco, buying, stock, start, continues, shares, buy, cramer, nearly, falling, company, think, jj


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Yellen warns of another potential financial crisis: ‘Gigantic holes in the system’

“I think things have improved, but then I think there are gigantic holes in the system,” Yellen said Monday night in a discussion moderated by New York Times columnist Paul Krugman at CUNY. She said regulators can only address such problems at individual banks not throughout the financial system. So I do worry that we could have another financial crisis.” Current Fed officials have pushed back against criticism that their reforms are making the system riskier, saying they are making the system


“I think things have improved, but then I think there are gigantic holes in the system,” Yellen said Monday night in a discussion moderated by New York Times columnist Paul Krugman at CUNY. She said regulators can only address such problems at individual banks not throughout the financial system. So I do worry that we could have another financial crisis.” Current Fed officials have pushed back against criticism that their reforms are making the system riskier, saying they are making the system
Yellen warns of another potential financial crisis: ‘Gigantic holes in the system’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: steve liesman, justin chin, bloomberg, getty images
Keywords: news, cnbc, companies, holes, fed, potential, regulatory, yellen, system, gigantic, crisis, think, things, financial, warns, current, york


Yellen warns of another potential financial crisis: 'Gigantic holes in the system'

Former Federal Reserve Chair Janet Yellen told a New York audience she fears there could be another financial crisis because banking regulators have seen reductions in their authority to address panics and because of the current push to deregulate.

“I think things have improved, but then I think there are gigantic holes in the system,” Yellen said Monday night in a discussion moderated by New York Times columnist Paul Krugman at CUNY. “The tools that are available to deal with emerging problems are not great in the United States.”

Yellen cited leverage loans as an area of concern, something also mentioned by the current Fed leadership. She said regulators can only address such problems at individual banks not throughout the financial system. The former fed chair, now a scholar at the Brookings Institution, said there remains an agenda of unfinished regulation. “I’m not sure we’re working on those things in the way we should, and then there remain holes, and then there’s regulatory pushback. So I do worry that we could have another financial crisis.”

In the wake of the financial crisis, some agency regulatory powers were vastly expanded, but others, for example, the ability of the Fed to lend to an individual company in a crisis, were curtailed. Current Fed officials have pushed back against criticism that their reforms are making the system riskier, saying they are making the system more efficient.

Speaking in London in June 2017, shortly after leaving office, Yellen had said she did not believe there would be another financial crisis in our lifetimes because of financial reforms. However, she did warn at the time about the deregulatory efforts just then underway.

WATCH: The Next Recession: Europe could ‘infect us’ says former Dallas Fed president Richard Fisher


Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: steve liesman, justin chin, bloomberg, getty images
Keywords: news, cnbc, companies, holes, fed, potential, regulatory, yellen, system, gigantic, crisis, think, things, financial, warns, current, york


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Elon Musk says Tesla would consider buying idled GM plants

Tesla would consider buying the factories that General Motors intends to idle, CEO Elon Musk said in an interview that aired on CBS’ “60 Minutes.” But the system would have failed if I was truly erratic,” Musk said. The SEC forced Musk to step down as chairman of the board for three years. “I want to be clear: I do not respect the SEC,” Musk said. WATCH: How taxpayers have helped Elon Musk and Tesla


Tesla would consider buying the factories that General Motors intends to idle, CEO Elon Musk said in an interview that aired on CBS’ “60 Minutes.” But the system would have failed if I was truly erratic,” Musk said. The SEC forced Musk to step down as chairman of the board for three years. “I want to be clear: I do not respect the SEC,” Musk said. WATCH: How taxpayers have helped Elon Musk and Tesla
Elon Musk says Tesla would consider buying idled GM plants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: robert ferris, bobyip
Keywords: news, cnbc, companies, summer, musk, think, assembly, consider, company, sec, shareholder, buying, elon, tesla, plants, gm, respect, idled, erratic


Elon Musk says Tesla would consider buying idled GM plants

Tesla would consider buying the factories that General Motors intends to idle, CEO Elon Musk said in an interview that aired on CBS’ “60 Minutes.”

“It’s possible that we would be interested. If they were going to sell a plant or not use it that we would take it over,” he said.

In a wide-ranging interview with Lesley Stahl, Musk made no apologies for his erratic behavior over the summer and reiterated his lack of respect for the Securities and Exchange Commission, which sued him in September for allegedly defrauding investors after tweeting that he wanted to take the company public at $420 a share and had “funding secured.” He didn’t and pulled back on those plans a few weeks later.

“Nobody’s perfect,” he said.

Musk acknowledged that he was “somewhat impulsive,” adding that he “didn’t really want to try to adhere to some CEO template.” He stoked controversy all summer with his erratic behavior, taunting the SEC, calling a diver in the Thai cave rescue a “pedo” and capping the summer by appearing to smoke pot on the Joe Rogan podcast.

“I’m just being me. I mean, I was certainly under insane stress and crazy, crazy hours. But the system would have failed if I was truly erratic,” Musk said.

The SEC forced Musk to step down as chairman of the board for three years. The company named Robyn Denholm, who was already on the board, as chairwoman.

“I want to be clear: I do not respect the SEC,” Musk said. “I do not respect them.” But he said he was adhering to the agreement because he respects the U.S. justice system.

He scoffed at the idea that Denholm was put in place to keep him in line. “Yeah. It, it’s not realistic in the sense that I am the largest shareholder in the company. And I can just call for a shareholder vote and get anything done that I want,” Musk said.

He said he does not want to return to the role of chairman. “I actually just prefer to have no titles at all.”

Tesla has struggled to ramp up production of its much hyped Model 3 midsize sedan. The company resorted to building a second assembly line inside a tent-like structure next to its main assembly plant in Fremont, California. The decision, like many Tesla has made, was ridiculed by some in the industry.

The last-minute push increased production by 50 percent, Musk told CBS.

“Those betting against the company were right by all conventional standards that we would fail,” he said, “but they just did not count on this unconventional situation of creating a second assembly in the parking lot in a tent.”

Musk said the long-awaited $35,000 version of the Model 3 will “probably” be available in five to six months. That is the price of the vehicle Tesla originally promised would be an electric sedan for the masses when it was first unveiled in March 2016. Since then, however, Tesla has only made higher-priced versions of the car.

Musk admitted he is notorious for missing deadlines.

“Well, I mean punctuality’s not my strong suit. I think, uh well, why would people think that if I’ve been late on all the other models, that’d I’d be suddenly on time with this one,” he said.

WATCH: How taxpayers have helped Elon Musk and Tesla


Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: robert ferris, bobyip
Keywords: news, cnbc, companies, summer, musk, think, assembly, consider, company, sec, shareholder, buying, elon, tesla, plants, gm, respect, idled, erratic


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OPEC meeting: Oil markets fear Trump controls production policy

Oil markets are deeply concerned about the power President Donald Trump has over some of the world’s largest crude producers, energy analysts told CNBC on Wednesday, ahead of a much-anticipated meeting between OPEC and non-OPEC members. But, even with the oil market near the bottom of its worst price plunge since the 2008 financial crisis, few external observers expect the energy alliance to engineer a succinct production quota that satisfies oil traders. “This is the first time I think we have


Oil markets are deeply concerned about the power President Donald Trump has over some of the world’s largest crude producers, energy analysts told CNBC on Wednesday, ahead of a much-anticipated meeting between OPEC and non-OPEC members. But, even with the oil market near the bottom of its worst price plunge since the 2008 financial crisis, few external observers expect the energy alliance to engineer a succinct production quota that satisfies oil traders. “This is the first time I think we have
OPEC meeting: Oil markets fear Trump controls production policy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: sam meredith, ludovic marin, afp, getty images
Keywords: news, cnbc, companies, told, production, fear, policy, controls, energy, sen, markets, oil, think, market, opec, going, trump, meeting


OPEC meeting: Oil markets fear Trump controls production policy

Oil markets are deeply concerned about the power President Donald Trump has over some of the world’s largest crude producers, energy analysts told CNBC on Wednesday, ahead of a much-anticipated meeting between OPEC and non-OPEC members.

The influential oil cartel and its allied partners are gathering in Vienna, Austria, this week, with the aim of reaching an accord to deliver a fresh round of supply cuts.

But, even with the oil market near the bottom of its worst price plunge since the 2008 financial crisis, few external observers expect the energy alliance to engineer a succinct production quota that satisfies oil traders.

“This is the first time I think we have come into an OPEC meeting that is so political. We literally don’t know how they are going to message this,” Amrita Sen, chief oil analyst at Energy Aspects, told CNBC’s Hadley Gamble in Vienna.

“Given how fragile the market is, the market’s biggest fear is that it doesn’t matter whether OPEC understands fundamentals, it is Trump that is controlling OPEC policy.”

“And if they are unable to communicate what they are going to do very clearly — which I think there is a big risk that they can’t — the market is going to sell-off because their biggest fears are going to get confirmed,” Sen said.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: sam meredith, ludovic marin, afp, getty images
Keywords: news, cnbc, companies, told, production, fear, policy, controls, energy, sen, markets, oil, think, market, opec, going, trump, meeting


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This dealmaker created billions of dollars in market value but quit to find a ‘greater purpose’

Then she set up her own business, Tandon Capital Associates, in 1992. “I was on this absolute breakneck pace with Tandon Capital … I was doing deal after deal and creating I think billions of dollars in market value,” Tandon told CNBC’s “The Brave Ones.” “I hadn’t signed on the dotted line … something happened to me; I couldn’t sign the contracts. “I started to think … ‘Is this what my life’s going to be, I’m going to do one deal after another, after another?’ … I locked my door and I just wante


Then she set up her own business, Tandon Capital Associates, in 1992. “I was on this absolute breakneck pace with Tandon Capital … I was doing deal after deal and creating I think billions of dollars in market value,” Tandon told CNBC’s “The Brave Ones.” “I hadn’t signed on the dotted line … something happened to me; I couldn’t sign the contracts. “I started to think … ‘Is this what my life’s going to be, I’m going to do one deal after another, after another?’ … I locked my door and I just wante
This dealmaker created billions of dollars in market value but quit to find a ‘greater purpose’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: lucy handley, chandrika tandon
Keywords: news, cnbc, companies, deal, dealmaker, told, going, business, greater, dollars, billions, think, tandon, wanted, quit, capital, created, value, couldnt, market, sign, purpose


This dealmaker created billions of dollars in market value but quit to find a 'greater purpose'

During the 1980s, Chandrika Tandon was a highly successful McKinsey consultant and became the first Indian-American woman to be elected partner at the firm.

Then she set up her own business, Tandon Capital Associates, in 1992. “I was on this absolute breakneck pace with Tandon Capital … I was doing deal after deal and creating I think billions of dollars in market value,” Tandon told CNBC’s “The Brave Ones.”

But one day the business was about to sign a “very, very signature deal,” she said. But she couldn’t do it. “I hadn’t signed on the dotted line … something happened to me; I couldn’t sign the contracts. I just was paralyzed,” she said.

Tandon came to a crossroads in her life. “I started to think … ‘Is this what my life’s going to be, I’m going to do one deal after another, after another?’ … I locked my door and I just wanted to understand, I wanted to think. I cried. I just was trying to figure out who I was, what was success, why was I put on the planet? What was my greater purpose?” she told “The Brave Ones.”


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: lucy handley, chandrika tandon
Keywords: news, cnbc, companies, deal, dealmaker, told, going, business, greater, dollars, billions, think, tandon, wanted, quit, capital, created, value, couldnt, market, sign, purpose


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Italy is in a honeymoon period that will end in 2-3 months, former prime minister warns

The anti-establishment government in Rome is going through a “honeymoon” phase, with rising popularity, but that will not last longer than two to three months, former Prime Minister Enrico Letta told CNBC on Wednesday. This, coupled with its strong opposition to receiving more migrants and being subject to tough European fiscal rules, has boosted the popularity of the two deputy prime ministers and party leaders. “Italy today is living a honeymoon for the present government,” Letta told CNBC’s G


The anti-establishment government in Rome is going through a “honeymoon” phase, with rising popularity, but that will not last longer than two to three months, former Prime Minister Enrico Letta told CNBC on Wednesday. This, coupled with its strong opposition to receiving more migrants and being subject to tough European fiscal rules, has boosted the popularity of the two deputy prime ministers and party leaders. “Italy today is living a honeymoon for the present government,” Letta told CNBC’s G
Italy is in a honeymoon period that will end in 2-3 months, former prime minister warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, minister, period, 23, told, fiscal, europe, honeymoon, think, letta, prime, end, rome, months, opposition, european, warns, italy


Italy is in a honeymoon period that will end in 2-3 months, former prime minister warns

The anti-establishment government in Rome is going through a “honeymoon” phase, with rising popularity, but that will not last longer than two to three months, former Prime Minister Enrico Letta told CNBC on Wednesday.

The coalition between the leftist Five Star Movement (M5S) and the right-wing Lega came to power in early June; it promised to revive the economy by giving more money to the poor and reduce taxes. This, coupled with its strong opposition to receiving more migrants and being subject to tough European fiscal rules, has boosted the popularity of the two deputy prime ministers and party leaders.

At the same time, the opposition parties, including the liberal Partido Democratico, have struggled to fight rising populist sentiment.

“Italy today is living a honeymoon for the present government,” Letta told CNBC’s Geoff Cutmore. “I think in the next two to three months that honeymoon will change. The key problem is how to have an opposition ready, fresh with some new good ideas and not repetition of the old mistakes.”

The Italian government is at odds with the European Commission over its spending plans for 2019. The executive wants to deliver on its campaign promises, but Brussels says these measures risk the stability of the Italian economy.

Italy has the second highest debt pile in Europe and one of the largest in the world at 130 percent of debt to gross domestic product (GDP). The European Commission wants Rome to bring that level down, but it forecasts that the new policy direction will not allow that.

“Italy needs absolutely to find a compromise with Europe, Italy needs to lower the spread, to lower interest rates, if not it will be, I think, a continuous decline in the figure (of GDP),” Letta said. “I strongly hope the government will understand they need to negotiate.”

The spat with Europe has sparked concerns in financial markets, which has resulted in higher interest rates for Rome. Investors have become worried that the new government will disrespect European fiscal rules and shake the third largest euro economy.

Giovanni Tria, Italy’s finance minister, has told European officials not to worry about the fiscal plans. He promised that by implementing several measures, such as increasing privatizations, Italy will not breach the EU-wide 3 percent deficit rule.

“It is important to know Italy was the country in the ’90s and early 2000s that privatized the most in Europe, we had thousands of billions from privatizations. What is today in the hands of the government to privatize is not what you can think… or what the government is presenting,” Letta said.

“So it is clear that there is an over-evaluation just for political reasons, just to give the idea that there is room for maneuver but there is not, that’s the truth.”


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, minister, period, 23, told, fiscal, europe, honeymoon, think, letta, prime, end, rome, months, opposition, european, warns, italy


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More millennials think it’s a priority to buy a home than to get married or have kids

Millennials want to become homeowners more than they want to get married or have kids. A full 72 percent of millennials list owning a home as a top priority, according to Bank of America’s 2018 Homebuyer Insights Report, which surveyed 2,000 adults who currently own a home or plan to in the future. By contrast, 50 percent list getting married and 44 percent say having children. Many millennials want to buy because the idea makes them feel “mature, more responsible,” Cummings says, and “more like


Millennials want to become homeowners more than they want to get married or have kids. A full 72 percent of millennials list owning a home as a top priority, according to Bank of America’s 2018 Homebuyer Insights Report, which surveyed 2,000 adults who currently own a home or plan to in the future. By contrast, 50 percent list getting married and 44 percent say having children. Many millennials want to buy because the idea makes them feel “mature, more responsible,” Cummings says, and “more like
More millennials think it’s a priority to buy a home than to get married or have kids Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: emmie martin
Keywords: news, cnbc, companies, list, homeownership, millennials, think, buy, bank, say, feel, owning, housing, priority, kids, married


More millennials think it's a priority to buy a home than to get married or have kids

Millennials want to become homeowners more than they want to get married or have kids.

A full 72 percent of millennials list owning a home as a top priority, according to Bank of America’s 2018 Homebuyer Insights Report, which surveyed 2,000 adults who currently own a home or plan to in the future. By contrast, 50 percent list getting married and 44 percent say having children.

Kathy Cummings, senior vice president of homeownership solutions and affordable housing programs at Bank of America, tells CNBC Make It that there are several reasons young people prioritize homeownership over other goals, including the desire to secure a stable housing situation before starting a family.

Many millennials want to buy because the idea makes them feel “mature, more responsible,” Cummings says, and “more like an adult. I think that those are all driving factors for wanting to be a homeowner.”

Over half think homeownership translates to “personal success,” Bank of America finds, and over a third of respondents say owning would make them feel “independent” or “established.”


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: emmie martin
Keywords: news, cnbc, companies, list, homeownership, millennials, think, buy, bank, say, feel, owning, housing, priority, kids, married


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