Jeff Bezos says tech’s biggest problems don’t have solutions yet, but ‘we’ll figure them out’

Amazon CEO Jeff Bezos said Wednesday that Silicon Valley’s biggest problems don’t have solutions yet, but “we’ll figure them out.” And this isn’t new,” Bezos said at the Wired 25th anniversary summit. Social media companies such as Facebook and Twitter have also come under worsening fire. “I think social media is increasing, unfortunately, identity politics, tribalism. I think the internet in its current incarnation is a confirmation bias machine,” Bezos said.


Amazon CEO Jeff Bezos said Wednesday that Silicon Valley’s biggest problems don’t have solutions yet, but “we’ll figure them out.” And this isn’t new,” Bezos said at the Wired 25th anniversary summit. Social media companies such as Facebook and Twitter have also come under worsening fire. “I think social media is increasing, unfortunately, identity politics, tribalism. I think the internet in its current incarnation is a confirmation bias machine,” Bezos said.
Jeff Bezos says tech’s biggest problems don’t have solutions yet, but ‘we’ll figure them out’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: sara salinas, matt winkelmeyer, getty images
Keywords: news, cnbc, companies, wired, problems, techs, solutions, bad, jeff, companies, dont, write, biggest, book, worsening, figure, media, think, bezos, books


Jeff Bezos says tech's biggest problems don't have solutions yet, but 'we'll figure them out'

Amazon CEO Jeff Bezos said Wednesday that Silicon Valley’s biggest problems don’t have solutions yet, but “we’ll figure them out.”

“Technologies always are two-sided. There are ways they can be misused as well as used. And this isn’t new,” Bezos said at the Wired 25th anniversary summit. “The book was invented, and people could write really evil books and lead bad revolutions with them and create fascist empires with books and so on and so on. It doesn’t mean the book is bad.”

Amazon has been among the most heavily scrutinized tech companies in recent months, as insiders and lawmakers continue to call for reviews of the behemoth’s impact on competition. President Donald Trump has hinted at antitrust action against the company.

Social media companies such as Facebook and Twitter have also come under worsening fire.

“I think social media is increasing, unfortunately, identity politics, tribalism. I think the internet in its current incarnation is a confirmation bias machine,” Bezos said.

“Society develops an immune response eventually to the bad uses of new technology. But it takes time,” he said. “The last thing we ever want to do is stop the progress of new technologies.”


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: sara salinas, matt winkelmeyer, getty images
Keywords: news, cnbc, companies, wired, problems, techs, solutions, bad, jeff, companies, dont, write, biggest, book, worsening, figure, media, think, bezos, books


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Stocks could test lows before breaking out, Bob Doll says

Nuveen Asset Management chief stock strategist Bob Doll said the market is likely to re-test its lows before it can get back on the path to new highs. .. From mid-term election day out 12 months, the stock market has not been down in that period since the 1940s…It’s a nice bullish piece of history.” “The stock market can handle higher rates at a slower pace. You can’t have rates jumping 40 basis points in a couple weeks and expect the stock market to say ‘I don’t care.,” he said. Don’t sell ev


Nuveen Asset Management chief stock strategist Bob Doll said the market is likely to re-test its lows before it can get back on the path to new highs. .. From mid-term election day out 12 months, the stock market has not been down in that period since the 1940s…It’s a nice bullish piece of history.” “The stock market can handle higher rates at a slower pace. You can’t have rates jumping 40 basis points in a couple weeks and expect the stock market to say ‘I don’t care.,” he said. Don’t sell ev
Stocks could test lows before breaking out, Bob Doll says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: patti domm, david orrell
Keywords: news, cnbc, companies, test, rates, going, stock, growth, lows, months, bob, market, breaking, value, strategist, think, doll, stocks


Stocks could test lows before breaking out, Bob Doll says

Nuveen Asset Management chief stock strategist Bob Doll said the market is likely to re-test its lows before it can get back on the path to new highs.

“I’d be surprised if it’s over,” said Doll, chief equity strategist and senior portfolio manager. “The Friday rally and price points were pretty good, but the internals—the advance/decline line etc.—were not as positive as prices.I think we have to go back and test the lows.”

The strategist, in a phone interview, said the market could see a replay of the sell-off in January and February, when it took stocks a while to return to lows and then months to regain highs. “I don’t expect in two weeks to see an all-time high. Last time, it took six months and it could again,” he said. “It’s normal 5 to 10 percent corrections happen three times a year. This is only our second.”

“I feel pretty good the bull market is not over,” he said. ”

On Thursday, the S&P 500 hit an intra-day low of 2,710, a 7.8 percent decline from its all-time high in September. The S&P rebounded Friday, and was trading down 3 points at 2,763 Monday. Strategists have been expecting a positive end to the year, since the market is typically stronger after mid-term elections.

“I think the seasonal period that we’ll be heading into soon is more constructive,” said Doll “If you look at those studies, November to May does better. .. From mid-term election day out 12 months, the stock market has not been down in that period since the 1940s…It’s a nice bullish piece of history.”

But stocks will face new issues in the coming year. Doll said earnings and margins could be challenged, particularly since companies will have to pay up to hire workers in the current environment. After 2018’s earnings growth of about 24 percent, earnings growth is expected to slow to about 10 percent, according to Thomson Reuters.

“I’m not concerned about cost pressures yet but i am for next year…You can’t get low double digits without margin improvement and I think margins may not go up next year, and I think you’re going to have sales growth but sales aren’t going to go up 10 percent,” he said.

Doll said while the market was shaken by Fed Chairman Jerome Powell’s comments about the Fed having a ways to go with rate hikes, the sell off is actually technical in nature. “It always gets exaggerated as it did in February with risk party [trades] and people selling programatically. These things get exaggerated in both directions,” he said. “…There are programs out there that say when you break certain levels, you sell stocks. That’s momentum. Post the January-February correction I was firmly of the view that…half of it was the program stuff.”

Doll said the market can tolerate higher interest rates and a stronger dollar.

“The stock market can handle higher rates at a slower pace. You can’t have rates jumping 40 basis points in a couple weeks and expect the stock market to say ‘I don’t care.,” he said.

In the current rout, investors dumped growth and stocked up on value names, like consumer staples.

“It’s never black and white…It’s just get a little more balance in your portfolio. Don’t sell every growth stock you have but you better have some value in your portfolio. In the next six to 12 months, what’s going to outperform? I would say value,” said Doll. “Rising rates is part of it but we also have a broadening economy.”

Doll said trade wars, particularly with China, could continue to spook stocks.

“It’s going to be around for awhile. W’ere not going to solve China that fast,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: patti domm, david orrell
Keywords: news, cnbc, companies, test, rates, going, stock, growth, lows, months, bob, market, breaking, value, strategist, think, doll, stocks


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Tell us what you think: What will spark the next big market move?

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all capped their worst weekly performance since March on Friday, despite seeing strong gains for the day. The moves on Wall Street came amid a global market sell-off for the week. Meanwhile, the earnings season is underway in the U.S., and financial giant J.P. Morgan reported Friday that third-quarter figures beat analysts’ expectations. Also last week, fresh data showed that China’s trade surplus with the U.S. widened to a record $3


The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all capped their worst weekly performance since March on Friday, despite seeing strong gains for the day. The moves on Wall Street came amid a global market sell-off for the week. Meanwhile, the earnings season is underway in the U.S., and financial giant J.P. Morgan reported Friday that third-quarter figures beat analysts’ expectations. Also last week, fresh data showed that China’s trade surplus with the U.S. widened to a record $3
Tell us what you think: What will spark the next big market move? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, tell, think, central, bank, spark, weekly, week, big, worst, weekmeanwhile, widened, chinas, weeks, trade, market


Tell us what you think: What will spark the next big market move?

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all capped their worst weekly performance since March on Friday, despite seeing strong gains for the day. The moves on Wall Street came amid a global market sell-off for the week.

Meanwhile, the earnings season is underway in the U.S., and financial giant J.P. Morgan reported Friday that third-quarter figures beat analysts’ expectations.

At the same time, U.S. President Donald Trump has been vocal in his criticism of the Federal Reserve raising interest rates, even attributing last week’s partial meltdown in stocks to the U.S. central bank and saying it has “gone crazy.”

Also last week, fresh data showed that China’s trade surplus with the U.S. widened to a record $34.13 billion in September. All this comes as the ongoing trade war between Washington and Beijing drags on.

On Sunday, China’s central bank governor said it still has “plenty” of tools to counter any downside from the trade tensions.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, tell, think, central, bank, spark, weekly, week, big, worst, weekmeanwhile, widened, chinas, weeks, trade, market


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Outspoken Lululemon founder reveals why he hates ‘athleisure’ — the term is ‘totally lame’

The word “athleisure” is practically synonymous with Lululemon, but the company’s founder told CNBC that the term is “totally lame.” Billionaire Chip Wilson, who founded Lululemon in 1998, said that “athleisure” was coined by the New York fashion media. We come from function first and then make it look good, where athleisure is looking good and then trying to make it look athletic,” he said Monday on “Squawk on the Street.” In his new book, “Little Black Stretchy Pants,” Wilson wrote: “To me ath


The word “athleisure” is practically synonymous with Lululemon, but the company’s founder told CNBC that the term is “totally lame.” Billionaire Chip Wilson, who founded Lululemon in 1998, said that “athleisure” was coined by the New York fashion media. We come from function first and then make it look good, where athleisure is looking good and then trying to make it look athletic,” he said Monday on “Squawk on the Street.” In his new book, “Little Black Stretchy Pants,” Wilson wrote: “To me ath
Outspoken Lululemon founder reveals why he hates ‘athleisure’ — the term is ‘totally lame’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: michelle fox
Keywords: news, cnbc, companies, wilson, reveals, lululemon, term, really, missing, lame, hates, companys, totally, pants, mindfulness, good, think, founder, technical, athleisure, outspoken


Outspoken Lululemon founder reveals why he hates 'athleisure' — the term is 'totally lame'

The word “athleisure” is practically synonymous with Lululemon, but the company’s founder told CNBC that the term is “totally lame.”

Billionaire Chip Wilson, who founded Lululemon in 1998, said that “athleisure” was coined by the New York fashion media.

“That’s the last thing in the world that it is — leisure. We come from function first and then make it look good, where athleisure is looking good and then trying to make it look athletic,” he said Monday on “Squawk on the Street.”

Instead, he likes “technical apparel.”

In his new book, “Little Black Stretchy Pants,” Wilson wrote: “To me athleisure denotes a non-athletic, smoking, Diet Coke-drinking woman in a New Jersey shopping mall wearing an unflattering pink velour tracksuit.”

The outspoken Wilson resigned from his role as Lululemon’s chairman in 2013 after an uproar over his comments that the company’s pants do not “work” with certain women’s bodies. He left the board entirely in 2015.

However, he still remains Lululemon’s biggest shareholder, according to Forbes. He’s also one of the company’s biggest critics.

“Lululemon is missing the West Coast culture and it’s missing someone who really understands technical apparel and there’s nobody on the board or the CEO who has that,” Wilson said.

For one, he thinks the company missed a big opportunity to capture the big trend of “mindfulness.” According to the University of California, Berkeley’s Greater Good Science Center, mindfulness means “maintaining a moment-by-moment awareness of our thoughts, feelings, bodily sensations, and surrounding environment, through a gentle, nurturing lens.” The movement has swelled in popularity in recent years.

“Lululemon could have owned that 100 percent and I think that would have had probably a 30 percent lift on the market cap in the last five years,” he said.

That said, Wilson sees “such incredible possibility” if it can just make some changes.

“It’s just lost a lot of institutional knowledge over the last six or seven years. If it can get that back and bring back transformational development of its people, which really was the focus on the company, and really start to understand what innovation is and what the brand is, then I think it’s got another $10 billion [in market cap] to gain, like quite soon,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: michelle fox
Keywords: news, cnbc, companies, wilson, reveals, lululemon, term, really, missing, lame, hates, companys, totally, pants, mindfulness, good, think, founder, technical, athleisure, outspoken


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Tech tumbles again — three experts weigh in on whether the rout continues

Tech sector drags down stocks — Here’s what three experts say to do next 1 Hour Ago | 01:57Technology stocks’ painful sell-off dragged into another session on Monday. “Intermittently it gets some bad news, people think tech has had it, but the multiples have really dropped after last week. Nancy Davis, CIO of Quadratic Capital, sees opportunity in tech outside of the U.S. “The Chinese companies are doing much better, and it seems like China is also easing rates. I think there’s more asymmetry on


Tech sector drags down stocks — Here’s what three experts say to do next 1 Hour Ago | 01:57Technology stocks’ painful sell-off dragged into another session on Monday. “Intermittently it gets some bad news, people think tech has had it, but the multiples have really dropped after last week. Nancy Davis, CIO of Quadratic Capital, sees opportunity in tech outside of the U.S. “The Chinese companies are doing much better, and it seems like China is also easing rates. I think there’s more asymmetry on
Tech tumbles again — three experts weigh in on whether the rout continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: keris lahiff, marlene awaad, bloomberg, getty images, gabjones, maxim malinovsky, aly song, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, continues, tech, youre, rates, outside, theres, weigh, rout, tumbles, experts, strategist, market, think, stocks, sector


Tech tumbles again — three experts weigh in on whether the rout continues

Tech sector drags down stocks — Here’s what three experts say to do next 1 Hour Ago | 01:57

Technology stocks’ painful sell-off dragged into another session on Monday.

FANG stocks Amazon, Netflix and Alphabet tumbled by more than 1 percent, while industry leader Apple fell 2 percent. The XLK technology ETF has tanked more than 8 percent since hitting the year’s highs in early October.

Here’s what three market watchers expect from the sector after recent weakness:

John Stoltzfus, chief market strategist at Oppenheimer Asset Management, says investors will jump back into a space that is now cheaper than before. “Intermittently it gets some bad news, people think tech has had it, but the multiples have really dropped after last week. Likely people will come back into the story. It remains solid to us,” said Stoltzfus.

Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, says this is a normal market rotation that should circle back to growth stocks such as tech. “From time to time when you’re later in the cycle and there’s a little more inflation and a little bit more growth and the Fed’s hiking rates, you’re going to have some bouts of value outperformance, but I think overall those would be pretty brief,” said Wren.

Nancy Davis, CIO of Quadratic Capital, sees opportunity in tech outside of the U.S. “The Chinese companies are doing much better, and it seems like China is also easing rates. They’ve cut the reserve requirement for central banks, so they’re kind of an outlier to the rest of the world,” said Davis. “I like looking at Chinese tech. I think there’s more asymmetry on the upside there versus some of the U.S. tech.”

Bottom line: Tech weakness looks temporary, and the market will move back into high-growth stocks again. In the meantime, consider tech sector opportunities outside the U.S.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: keris lahiff, marlene awaad, bloomberg, getty images, gabjones, maxim malinovsky, aly song, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, continues, tech, youre, rates, outside, theres, weigh, rout, tumbles, experts, strategist, market, think, stocks, sector


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Ned Davis Research’s Ed Clissold: Earnings may save stock rally

According to Ned Davis Research’s Ed Clissold, the market is going through a panic reaction due to a change in the Federal Reserve’s posture on interest rates. “Currently, expectations are for 12 percent S&P 500 operating EPS [earnings per share] growth for 2019. He added: “We still think we can get a year-end rally once we get through this weakness here.” His thoughts came Thursday as the major stock market indexes fell sharply. He cited seasonal weakness along with geopolitical concerns for th


According to Ned Davis Research’s Ed Clissold, the market is going through a panic reaction due to a change in the Federal Reserve’s posture on interest rates. “Currently, expectations are for 12 percent S&P 500 operating EPS [earnings per share] growth for 2019. He added: “We still think we can get a year-end rally once we get through this weakness here.” His thoughts came Thursday as the major stock market indexes fell sharply. He cited seasonal weakness along with geopolitical concerns for th
Ned Davis Research’s Ed Clissold: Earnings may save stock rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: stephanie landsman, susana vera, drew angerer, getty images, getty images news, david a grogan
Keywords: news, cnbc, companies, stock, think, sp, retest, davis, clissold, rally, researchs, save, stocks, indexes, ed, earnings, weakness, ned, market


Ned Davis Research's Ed Clissold: Earnings may save stock rally

This factor could help push stocks back into rally mode 8:26 PM ET Thu, 11 Oct 2018 | 01:19

The man who called the latest sell-off believes earnings hold the key to saving the year’s historic rally.

According to Ned Davis Research’s Ed Clissold, the market is going through a panic reaction due to a change in the Federal Reserve’s posture on interest rates.

Yet he also believes the damage will ultimately be contained by strong quarterly earnings and guidance.

“Currently, expectations are for 12 percent S&P 500 operating EPS [earnings per share] growth for 2019. That’s down from 26 percent this year. If we end up around 12 percent, I think the market will be just fine,” Clissold, the firm’s chief U.S. strategist, said on CNBC’s “Futures Now” last week.

He added: “We still think we can get a year-end rally once we get through this weakness here.”

His thoughts came Thursday as the major stock market indexes fell sharply. By Friday, the Dow and S&P 500 rebounded, but it wasn’t enough to pull the indexes back into positive territory for the week. Both indexes are down more than 4 percent in the last five sessions.

Clissold predicted the markets were vulnerable to a 5 to 10 percent pullback on “Futures Now’ about a month ago. He cited seasonal weakness along with geopolitical concerns for the weakness, but contended stocks would recover strongly before year’s end.

“Certainly, it’s a volatile time,” he said, adding that stocks weren’t quite out of the woods yet in a special note to CNBC on Friday.

“After such severe selling, there is almost always a retest. We will be watching for signs of a successful retest in the coming days, namely fewer stocks leading to the downside as the popular averages approach or even breach the lows,” Clissold wrote.


Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: stephanie landsman, susana vera, drew angerer, getty images, getty images news, david a grogan
Keywords: news, cnbc, companies, stock, think, sp, retest, davis, clissold, rally, researchs, save, stocks, indexes, ed, earnings, weakness, ned, market


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Saudi stocks plunge on Khashoggi fallout; biggest drop since 2014

Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Istanbul. U.S. President Donald Trump said on Saturday there would be “severe punishment” for Saudi Arabia if it turned out that Khashoggi was killed in the consulate. Saudi Arabia said on Sunday it would retaliate to possible economic sanctions taken by other states over the case of Khashoggi, the state news agency SPA reported quoting an official source. Saudi Arabia thanked


Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Istanbul. U.S. President Donald Trump said on Saturday there would be “severe punishment” for Saudi Arabia if it turned out that Khashoggi was killed in the consulate. Saudi Arabia said on Sunday it would retaliate to possible economic sanctions taken by other states over the case of Khashoggi, the state news agency SPA reported quoting an official source. Saudi Arabia thanked
Saudi stocks plunge on Khashoggi fallout; biggest drop since 2014 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: yasin akgul, afp, getty images
Keywords: news, cnbc, companies, think, states, plunge, khashoggi, disappearance, foreign, fallout, riyadh, stocks, way, biggest, sanctions, arabia, drop, saudi


Saudi stocks plunge on Khashoggi fallout; biggest drop since 2014

But regional traders said speculation the Khashoggi case might deter some inflows of foreign investment – and that a backlash in the U.S. Congress could lead to U.S. sanctions against some Saudi individuals – had triggered panic selling of stocks by some local investors.

“It seems that international accounts are punishing the Saudi exchange,” a regional broker added.

Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Istanbul. Turkey believes he was deliberately killed inside the building and his body removed. Riyadh has dismissed the claims.

U.S. President Donald Trump said on Saturday there would be “severe punishment” for Saudi Arabia if it turned out that Khashoggi was killed in the consulate.

Saudi Arabia said on Sunday it would retaliate to possible economic sanctions taken by other states over the case of Khashoggi, the state news agency SPA reported quoting an official source.

The kingdom will respond to any measure against it with bigger measures, the source said, adding: “The Saudi economy has vital and influential roles for the global economy.”

The embassy in Washington later issued a tweet to clarify the statement. Saudi Arabia thanked countries including the United States “for refraining from jumping to conclusions” over the disappearance of Khashoggi.

Britain, France and Germany called on the Saudi and Turkish authorities on Sunday to mount a “credible investigation” into the disappearance of Khashoggi, saying they were treating the incident with “the utmost seriousness.”

“There needs to be a credible investigation to establish the truth about what happened, and – if relevant – to identify those bearing responsibility for the disappearance of Jamal Khashoggi, and ensure that they are held to account,” foreign ministers from the three countries said in a joint statement.

Britain would have to think about the appropriate way to react if it was proven that Saudi Arabia was behind the disappearance of Khashoggi, foreign minister Jeremy Hunt said on Sunday.

“I don’t want to get drawn into hypotheticals because we don’t know the facts yet, but we have been very, very clear that if these stories are true, that would be totally appalling and we would have to think about the appropriate way to react in that situation,” he told British television

Media companies and some technology executives have pulled out of a major Saudi investment conference scheduled for next week in Riyadh because of growing outrage over the disappearance.

Other stock markets in the Gulf opened higher on Sunday but began falling as Riyadh plunged, with the Dubai index sinking 1.4 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: yasin akgul, afp, getty images
Keywords: news, cnbc, companies, think, states, plunge, khashoggi, disappearance, foreign, fallout, riyadh, stocks, way, biggest, sanctions, arabia, drop, saudi


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Trump suggests Defense Secretary Mattis may depart Pentagon, calls him ‘sort of a Democrat’

President Donald Trump said he is unsure whether Defense Secretary James Mattis is planning to step down from his post, but told CBS’ “60 Minutes” in a pre-taped interview that the retired general might and that he regards Mattis as “sort of a Democrat.” “It could be that he is” planning to depart, Trump said, according to an excerpt of a transcript released on Sunday before the show airs. “I think he’s sort of a Democrat, if you want to know the truth. But General Mattis is a good guy. He may l


President Donald Trump said he is unsure whether Defense Secretary James Mattis is planning to step down from his post, but told CBS’ “60 Minutes” in a pre-taped interview that the retired general might and that he regards Mattis as “sort of a Democrat.” “It could be that he is” planning to depart, Trump said, according to an excerpt of a transcript released on Sunday before the show airs. “I think he’s sort of a Democrat, if you want to know the truth. But General Mattis is a good guy. He may l
Trump suggests Defense Secretary Mattis may depart Pentagon, calls him ‘sort of a Democrat’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: zach gibson, getty images
Keywords: news, cnbc, companies, think, secretary, mattis, calls, unsure, trump, sort, democrat, pentagon, general, truth, told, depart, suggests, planning, defense, transcript


Trump suggests Defense Secretary Mattis may depart Pentagon, calls him 'sort of a Democrat'

President Donald Trump said he is unsure whether Defense Secretary James Mattis is planning to step down from his post, but told CBS’ “60 Minutes” in a pre-taped interview that the retired general might and that he regards Mattis as “sort of a Democrat.”

“It could be that he is” planning to depart, Trump said, according to an excerpt of a transcript released on Sunday before the show airs. “I think he’s sort of a Democrat, if you want to know the truth. But General Mattis is a good guy. We get along very well. He may leave.”


Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: zach gibson, getty images
Keywords: news, cnbc, companies, think, secretary, mattis, calls, unsure, trump, sort, democrat, pentagon, general, truth, told, depart, suggests, planning, defense, transcript


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‘We’re trusting the bounce’: PNC Financial says it’s too early to turn bearish on stocks

Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors. Really, we think the fundamental backdrop for the economy and the markets continues to be very strong,” she said Friday on CNBC’s “Trading Nation.” It came as J.P. Morgan Chase kicked off earnings season with a beat. “We’re still very positive on Q3 earnings season,” she said. “One day does not make a trend, and so we really think that Q3 is goi


Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors. Really, we think the fundamental backdrop for the economy and the markets continues to be very strong,” she said Friday on CNBC’s “Trading Nation.” It came as J.P. Morgan Chase kicked off earnings season with a beat. “We’re still very positive on Q3 earnings season,” she said. “One day does not make a trend, and so we really think that Q3 is goi
‘We’re trusting the bounce’: PNC Financial says it’s too early to turn bearish on stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: stephanie landsman, maxim malinovsky, getty images, aly song, adam jeffery, mike blake, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, solid, early, stocks, agati, wall, turn, bounce, earnings, trusting, week, think, strong, bearish, really, markets, financial, season, pnc


'We're trusting the bounce': PNC Financial says it's too early to turn bearish on stocks

As earnings season gets underway, PNC Financial delivers two strategies to play in a volatile market 4:56 PM ET Fri, 12 Oct 2018 | 03:01

PNC Financial’s Amanda Agati isn’t ready to enter the bear camp despite a tumultuous week on Wall Street.

Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors.

“We’re trusting the bounce. Really, we think the fundamental backdrop for the economy and the markets continues to be very strong,” she said Friday on CNBC’s “Trading Nation.”

Her thoughts came as the major indexes were posting their worst week since March. The Dow jumped 287 points to 25,339.99 on Friday, but still lost 4 percent for the week. The S&P 500 rallied Friday to close 1.4 percent higher at 2,767.13.

It came as J.P. Morgan Chase kicked off earnings season with a beat. The bank reported a quarterly profit of $2.34 a share, topping the consensus by 9 cents. Its revenue also surpassed Street forecasts. However, its investment banking peers Citigroup and Wells Fargo reported mixed results.

“We’re still very positive on Q3 earnings season,” she said. “One day does not make a trend, and so we really think that Q3 is going to set up to be pretty solid. … As long as Q4 guidance looks pretty solid, too, I think that’s great news for the market.”

Yet, Agati expects volatility will stick around for a while — clarifying that she’s “not blindly bullish” due to the late economic cycle environment. Still. she has two ways to play it.

According to Agati, adopting a stock picker’s strategy instead of targeting broad sectors should garner solid profits for investors. She’s also turning positive on a group that Wall Street has been largely avoiding.

“The valuation story is getting really attractive: Big spreads in terms of valuations between EM [emerging markets] and the developed world,” Agati said. “That could be a really interesting backdrop sort of near-term opportunity for the market.”


Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: stephanie landsman, maxim malinovsky, getty images, aly song, adam jeffery, mike blake, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, solid, early, stocks, agati, wall, turn, bounce, earnings, trusting, week, think, strong, bearish, really, markets, financial, season, pnc


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Roadie app is turning average drivers into makeshift delivery people

That’s the premise behind Roadie, a new app that’s crowdsourcing package delivery. To become a driver, you need a vehicle, a valid driver’s license, and will be subject to a motor vehicle and background check. Roadie drivers can expect to earn anywhere from $8 up to $650 per job, depending on the size of the package and the delivery distance. Roadie makes its money by taking an approximate 20 percent cut of each gig. And to think Roadie came about because of a box of broken tile.


That’s the premise behind Roadie, a new app that’s crowdsourcing package delivery. To become a driver, you need a vehicle, a valid driver’s license, and will be subject to a motor vehicle and background check. Roadie drivers can expect to earn anywhere from $8 up to $650 per job, depending on the size of the package and the delivery distance. Roadie makes its money by taking an approximate 20 percent cut of each gig. And to think Roadie came about because of a box of broken tile.
Roadie app is turning average drivers into makeshift delivery people Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: erin barry, source
Keywords: news, cnbc, companies, app, roadie, thats, makeshift, vehicle, tile, money, taking, wouldnt, delivery, average, think, turning, drivers


Roadie app is turning average drivers into makeshift delivery people

The next time you drive to work, you could be making money before even clocking in — just by dropping something off that was already on your way.

That’s the premise behind Roadie, a new app that’s crowdsourcing package delivery. The Atlanta-based company launched in 2015, currently has more than 90,000 drivers on the platform, and is backed by investors like Google Chairman Eric Schmidt’s TomorrowVentures, the UPS Strategic Enterprise Fund and even rapper Ludacris, to name a few.

“It’s essentially people already on the road heading in the right direction,” Roadie founder Marc Gorlin told CNBC’s “On the Money” in an interview. “There’s 250 million cars on the road that’s almost a natural resource of delivery, if you just give people a chance to use it.”

Roadie helps make those connections. To become a driver, you need a vehicle, a valid driver’s license, and will be subject to a motor vehicle and background check. Roadie drivers can expect to earn anywhere from $8 up to $650 per job, depending on the size of the package and the delivery distance.

As for senders, Roadie’s founder says using the app is “as easy as ordering a pizza.”

Senders choose a size, for example “fits in a shoebox” or “fits in the front seat,” enter where it needs to go and Roadie determines the price. The sender can review it and then post what Roadie calls a “gig.”

Roadie makes its money by taking an approximate 20 percent cut of each gig.

And to think Roadie came about because of a box of broken tile.

Gorlin was doing a renovation project on his condo, and found out the tile he ordered for his bathroom arrived broken. But a new shipment wouldn’t arrive until the following week.

The tile he needed was less than two hours away by car, and he started to think that surely someone was in a car right now heading in his direction, and wouldn’t mind taking the box of tile.

The company is not only working with individual senders, but with companies like Home Depot, Macy’s, and Delta, just to name a few.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: erin barry, source
Keywords: news, cnbc, companies, app, roadie, thats, makeshift, vehicle, tile, money, taking, wouldnt, delivery, average, think, turning, drivers


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