Warren Buffett: I’ve been a net buyer of stocks every year since I was 11

Warren Buffett: I’ve been a net buyer of stocks every year since I was 11Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he’s been a net-buyer of stocks every year since he was 11 years-old.


Warren Buffett: I’ve been a net buyer of stocks every year since I was 11Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he’s been a net-buyer of stocks every year since he was 11 years-old.
Warren Buffett: I’ve been a net buyer of stocks every year since I was 11 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24
Keywords: news, cnbc, companies, netbuyer, told, net, quick, buffett, hes, ive, stocks, warren, yearsold, buyer


Warren Buffett: I've been a net buyer of stocks every year since I was 11

Warren Buffett: I’ve been a net buyer of stocks every year since I was 11

Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he’s been a net-buyer of stocks every year since he was 11 years-old.


Company: cnbc, Activity: cnbc, Date: 2020-02-24
Keywords: news, cnbc, companies, netbuyer, told, net, quick, buffett, hes, ive, stocks, warren, yearsold, buyer


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Fidelity, Schwab say some clients experienced technical issues amid 800-point Dow plunge

Some Fidelity and Charles Schwab clients experienced difficulties accessing their accounts amid the 800-point drop in the markets on Monday. Both brokers told CNBC about an hour after the open that the issues had been resolved. “Due to higher-than-usual volumes, some clients may have experienced delays in accessing some online features as the market opened but our systems are fine and up and running,” Schwab PR told CNBC. “Some clients are experiencing technical issues and we are working as quic


Some Fidelity and Charles Schwab clients experienced difficulties accessing their accounts amid the 800-point drop in the markets on Monday.
Both brokers told CNBC about an hour after the open that the issues had been resolved.
“Due to higher-than-usual volumes, some clients may have experienced delays in accessing some online features as the market opened but our systems are fine and up and running,” Schwab PR told CNBC.
“Some clients are experiencing technical issues and we are working as quic
Fidelity, Schwab say some clients experienced technical issues amid 800-point Dow plunge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, technical, dow, experienced, told, say, amid, twitter, issues, trillion, drop, schwab, plunge, fidelity, clients


Fidelity, Schwab say some clients experienced technical issues amid 800-point Dow plunge

Some Fidelity and Charles Schwab clients experienced difficulties accessing their accounts amid the 800-point drop in the markets on Monday.

Both brokers told CNBC about an hour after the open that the issues had been resolved.

“Due to higher-than-usual volumes, some clients may have experienced delays in accessing some online features as the market opened but our systems are fine and up and running,” Schwab PR told CNBC. Schwab manages about $5.1 trillion in assets, including those from its recent acquisition of TD Ameritrade.

“Some clients are experiencing technical issues and we are working as quickly as possible to resolve,” Fidelity told CNBC shortly after the open. Fidelity, the largest online broker, manages about $7.8 trillion in client assets for nearly 30 million clients.

Fidelity clients took to Twitter to air their concerns about the technical issues. “@Fidelity it would be great on a day like today if your site worked,” said one Twitter user.

Many photos on Twitter showed that Fidelity’s platform was telling its clients their account balance was $0.00. Schwab’s app was flashing a “temporarily unavailable” message, according to photos on Twitter.

The Dow Jones Industrial Average fell more than 800 points on Monday as the number of coronavirus cases outside China surged, raising fears of a prolonged global economic slowdown from the spreading deadly virus. The Dow drop was the third largest one-day drop in the 30-stock index in the past three years.

Shares of Schwab dipped 4.5% amid the market sell-off.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

—With reporting from CNBC’s Jim Forkin.


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, technical, dow, experienced, told, say, amid, twitter, issues, trillion, drop, schwab, plunge, fidelity, clients


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Warren Buffett says he talked to his ‘science advisor’ Bill Gates about the coronavirus

Berkshire Hathaway Chairman Warren Buffett said Monday he has spoken to fellow billionaire and Microsoft co-founder Bill Gates about efforts to contain the spread and impact of the coronavirus. “Now what they hope to get is a universal flu vaccine, but that’s a long way off. I mean I asked my own – my own science advisor is Bill Gates, so I talk to him, I call him,” Buffett told “Squawk Box” host Becky Quick. With respect to Berkshire, Buffett said several of its businesses were feeling an impac


Berkshire Hathaway Chairman Warren Buffett said Monday he has spoken to fellow billionaire and Microsoft co-founder Bill Gates about efforts to contain the spread and impact of the coronavirus.
“Now what they hope to get is a universal flu vaccine, but that’s a long way off.
I mean I asked my own – my own science advisor is Bill Gates, so I talk to him, I call him,” Buffett told “Squawk Box” host Becky Quick.
With respect to Berkshire, Buffett said several of its businesses were feeling an impac
Warren Buffett says he talked to his ‘science advisor’ Bill Gates about the coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: thomas franck
Keywords: news, cnbc, companies, science, impact, gates, advisor, coronavirus, universal, bill, told, global, spread, warren, berkshire, talked, recent, buffett


Warren Buffett says he talked to his 'science advisor' Bill Gates about the coronavirus

Berkshire Hathaway Chairman Warren Buffett said Monday he has spoken to fellow billionaire and Microsoft co-founder Bill Gates about efforts to contain the spread and impact of the coronavirus.

“Now what they hope to get is a universal flu vaccine, but that’s a long way off. It isn’t impossible. I mean I asked my own – my own science advisor is Bill Gates, so I talk to him, I call him,” Buffett told “Squawk Box” host Becky Quick. “I talked to him in the last few days about it and he’s bullish on the long-term outlook for a universal prevention of it.”

The Bill & Melinda Gates Foundation, one of the largest private foundations in the world, is actively working to combat the impact of the coronavirus as part of its broader effort to promote global health, said Buffett, who along with the Gateses is one of the foundation’s three trustees.

With respect to Berkshire, Buffett said several of its businesses were feeling an impact from the deadly virus, which has now spread beyond China and threatens to disrupt the global economy.

He said his China-based Dairy Queen franchises were seeing little to no business, and he noted Apple’s recent announcement that the company would fall short of its first-quarter guidance because of recent of store closures in China and supply-chain disruptions. Berkshire holds 5.6% of Apple’s stock.

“I have heard that the summer is not likely to cause the end of this,” Buffett told CNBC.


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: thomas franck
Keywords: news, cnbc, companies, science, impact, gates, advisor, coronavirus, universal, bill, told, global, spread, warren, berkshire, talked, recent, buffett


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Warren Buffett doesn’t make money by predicting ‘what’s going to go on next week or next month’

If you ask legendary investor Warren Buffett how today’s news will impact the stock market — whether it’s the coronavirus outbreak or the tariff situation — he’s probably not worried. That’s because Buffett doesn’t let headlines affect his investment choices. With that in mind, Buffett doesn’t even try to guess how current events will play out in the market. “I don’t think I can make money by predicting what’s going to go on next week or next month,” he said. “The money is made in investments by


If you ask legendary investor Warren Buffett how today’s news will impact the stock market — whether it’s the coronavirus outbreak or the tariff situation — he’s probably not worried.
That’s because Buffett doesn’t let headlines affect his investment choices.
With that in mind, Buffett doesn’t even try to guess how current events will play out in the market.
“I don’t think I can make money by predicting what’s going to go on next week or next month,” he said.
“The money is made in investments by
Warren Buffett doesn’t make money by predicting ‘what’s going to go on next week or next month’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: emmie martin
Keywords: news, cnbc, companies, week, think, doesnt, whats, month, companies, told, good, warren, predicting, market, money, going, stock, long, buffett


Warren Buffett doesn't make money by predicting 'what's going to go on next week or next month'

If you ask legendary investor Warren Buffett how today’s news will impact the stock market — whether it’s the coronavirus outbreak or the tariff situation — he’s probably not worried.

That’s because Buffett doesn’t let headlines affect his investment choices. Instead, he’s looking long term: “The real question is where are these businesses going to be five and 10 and 20 years from now?” he told Becky Quick on CNBC’s “Squawk Box” on Monday. “Some of them will do sensationally, some will disappear.”

With that in mind, Buffett doesn’t even try to guess how current events will play out in the market. “I don’t think I can make money by predicting what’s going to go on next week or next month,” he said. “I do think I can make money by predicting what will go on in the next 10 years.”

When Buffett invests in a company, he doesn’t plan to sell it anytime soon. He purchased See’s Candies with longtime business partner Charlie Munger in 1972 and spent more than $1 billion on Coca-Cola stock in 1988 — both of which turned out to be good long-term bets and both of which he still owns today.

While Buffett admits that the stock market is “a little softer than it was six months ago” and that a number of his companies are affected by events like coronavirus and Trump’s trade war, he added that “business is down but it’s down from a very good level.”

Even when the market tanks, don’t panic and sell, Buffett has said. Stay the course and trust your original plan. If you have a long-term investment strategy, you have plenty of time for your portfolio to recover from any dips. “The money is made in investments by investing and by owning good companies for long periods of time,” Buffett told CNBC in 2016.

He also frequently recommends choosing low-cost index funds over picking individual stocks. “The trick is not to pick the right company,” he told CNBC’s “On The Money” in 2017. “The trick is to essentially buy all the big companies through the S&P 500 and to do it consistently.”

In the long run, “I think America will do very well,” he told Quick. “It has since 1776.”

Check out: The best credit cards of 2020 could earn you over $1,000 in 5 years

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Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: emmie martin
Keywords: news, cnbc, companies, week, think, doesnt, whats, month, companies, told, good, warren, predicting, market, money, going, stock, long, buffett


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Austria says it will stop suspected coronavirus cases at its borders

Austria said on Monday it would stop suspected coronavirus cases from crossing its border, a day after it held up a train from Italy for four hours to wait for test results on two passengers. Austria has yet to have a confirmed case of coronavirus and is extremely wary because of Europe’s largest outbreak next door in northern Italy. More than half of freight crossing the Alps passes through Austria. On Sunday Austrian authorities stopped a Venice-to-Munich train carrying 300 passengers to wait


Austria said on Monday it would stop suspected coronavirus cases from crossing its border, a day after it held up a train from Italy for four hours to wait for test results on two passengers.
Austria has yet to have a confirmed case of coronavirus and is extremely wary because of Europe’s largest outbreak next door in northern Italy.
More than half of freight crossing the Alps passes through Austria.
On Sunday Austrian authorities stopped a Venice-to-Munich train carrying 300 passengers to wait
Austria says it will stop suspected coronavirus cases at its borders Cached Page below :
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Keywords: news, cnbc, companies, coronavirus, cases, stop, train, test, told, borders, wait, outbreak, passengers, austria, italy, results, suspected


Austria says it will stop suspected coronavirus cases at its borders

Austria said on Monday it would stop suspected coronavirus cases from crossing its border, a day after it held up a train from Italy for four hours to wait for test results on two passengers.

Austria has yet to have a confirmed case of coronavirus and is extremely wary because of Europe’s largest outbreak next door in northern Italy. More than half of freight crossing the Alps passes through Austria.

On Sunday Austrian authorities stopped a Venice-to-Munich train carrying 300 passengers to wait for test results on two suspected of carrying the disease. The two tested negative and the train was allowed to continue.

“As far as the borders and cross-border traffic are concerned, we will proceed as follows: we will further tighten warning systems with our neighbors, we will immediately order a stop in the event of suspected cases, as happened last night,” Chancellor Sebastian Kurz told a news conference on Monday.

He added that temperature checks such as those carried out at Vienna airport on passengers arriving from China would be expanded, without elaborating.

Italy has seen some 150 infections and six deaths. In northern Italy, authorities have sealed off the worst-affected towns and banned public gatherings across a wide area, even halting the carnival in Venice.

Austrian Health Minister Rudolf Anschober told the joint news conference with Kurz that his Italian counterpart would host a meeting with health ministers from neighboring countries in Rome on Tuesday to discuss the outbreak.

The European Commission said on Monday the European Union was not yet considering suspending travel within the border-free Schengen area over the outbreak in Italy, but it was preparing contingency plans.


Company: cnbc, Activity: cnbc, Date: 2020-02-24
Keywords: news, cnbc, companies, coronavirus, cases, stop, train, test, told, borders, wait, outbreak, passengers, austria, italy, results, suspected


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Warren Buffett: You should be able to do one simple thing before buying any stock

But Berkshire Hathaway CEO Warren Buffett says there’s one you should always avoid: Buying a stock merely because you think it’s going to increase in price. That’s because even the best investors aren’t able to predict how the market will perform. Instead, you should invest in companies that you both understand and believe will offer long-term value, according to Buffett. No matter how much or how little you’re buying, you should be able to get your reasoning down on paper without relying on out


But Berkshire Hathaway CEO Warren Buffett says there’s one you should always avoid: Buying a stock merely because you think it’s going to increase in price.
That’s because even the best investors aren’t able to predict how the market will perform.
Instead, you should invest in companies that you both understand and believe will offer long-term value, according to Buffett.
No matter how much or how little you’re buying, you should be able to get your reasoning down on paper without relying on out
Warren Buffett: You should be able to do one simple thing before buying any stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: emmie martin
Keywords: news, cnbc, companies, thing, able, going, stock, companies, warren, invest, index, simple, predict, buying, think, told, buffett


Warren Buffett: You should be able to do one simple thing before buying any stock

There are an infinite number of reasons you might decide to invest in a certain company. But Berkshire Hathaway CEO Warren Buffett says there’s one you should always avoid: Buying a stock merely because you think it’s going to increase in price.

That’s because even the best investors aren’t able to predict how the market will perform.

Instead, you should invest in companies that you both understand and believe will offer long-term value, according to Buffett.

No matter how much or how little you’re buying, you should be able to get your reasoning down on paper without relying on outside resources, Buffett told Becky Quick on CNBC’s “Squawk Box” on Monday.

“Everybody when they buy a stock should be able to take a yellow pad” and write down exactly why they plan to invest in that particular company, Buffett said.

He also doesn’t think investors should worry about how the stock will perform in the near term. If you want to predict what the stock price is going to do, “you can have a separate piece of paper,” he said. Rather, Buffett recommends focusing on businesses that will hold their value over time. As he told CNBC in 2018, “nobody buys a farm based on whether they think it’s going to rain next year.”

“You’re buying businesses,” Buffett told Quick on Monday. Because people can “make decisions every second with stocks,” as opposed to investing in a physical entity like stores or farms, “they think an investment in stocks is different than an investment in a business. But it isn’t.”

Buffett follows three general rules when deciding which companies to invest in: “First, they must earn good returns on the net tangible capital required in their operation. Second, they must be run by able and honest managers. Finally, they must be available at a sensible price,” he wrote in his 2019 annual letter to Berkshire shareholders.

That said, any individual stock can over- or underperform, and past returns do not predict future results. Beginner investors are encouraged to look into low-cost index funds instead, which are much less risky.

The rate of return for each index fund is determined by the performance of the companies that are in the fund, which can balance each other out. Say you buy an index that contains only two companies. If one company goes up by 3%, but another goes down by 2%, you’re still up by 1%.

Buffett is a fan, too: “Consistently buy an S&P 500 low-cost index fund,” he told CNBC’s “On The Money” in 2017. “I think it’s the thing that makes the most sense practically all of the time.”

Check out: The best credit cards of 2020 could earn you over $1,000 in 5 years

Don’t miss: Warren Buffett doesn’t make money by predicting ‘what’s going to go on next week or next month’


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: emmie martin
Keywords: news, cnbc, companies, thing, able, going, stock, companies, warren, invest, index, simple, predict, buying, think, told, buffett


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White House planning to ask Congress for emergency funds to fight coronavirus spread

Secretary of Health and Human Services Alex Azar and members of the Trump Administration’s Coronavirus Task Force hold a press briefing at the White House on January 31, 2020 in Washington, DC. The White House is planning to ask Congress to approve an emergency spending package to help the Trump administration battle the spread of the coronavirus, a source familiar with the situation told CNBC on Monday. The proposed spending deal could be sent to Congress as soon as this week, the source said.


Secretary of Health and Human Services Alex Azar and members of the Trump Administration’s Coronavirus Task Force hold a press briefing at the White House on January 31, 2020 in Washington, DC.
The White House is planning to ask Congress to approve an emergency spending package to help the Trump administration battle the spread of the coronavirus, a source familiar with the situation told CNBC on Monday.
The proposed spending deal could be sent to Congress as soon as this week, the source said.

White House planning to ask Congress for emergency funds to fight coronavirus spread Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: kevin breuninger eamon javers, kevin breuninger, eamon javers
Keywords: news, cnbc, companies, congress, spread, fight, emergency, coronavirus, planning, source, white, health, ask, told, trump, president, official, house, funds


White House planning to ask Congress for emergency funds to fight coronavirus spread

Secretary of Health and Human Services Alex Azar and members of the Trump Administration’s Coronavirus Task Force hold a press briefing at the White House on January 31, 2020 in Washington, DC.

The White House is planning to ask Congress to approve an emergency spending package to help the Trump administration battle the spread of the coronavirus, a source familiar with the situation told CNBC on Monday.

The proposed spending deal could be sent to Congress as soon as this week, the source said.

The Washington Post first reported the White House’s preparations Monday morning. The Post reported that the package could include a request for about $1 billion in funding — but that amount should not be considered the last word as plans are still being finalized, CNBC’s source said.

The coronavirus has killed at least 2,600 people around the world and infected tens of thousands so far. The World Health Organization declared the virus a global health emergency last month.

The Trump administration in late January imposed travel restrictions and mandatory quarantines for at-risk citizens returning to the U.S.

A White House official told CNBC on Monday that President Donald Trump is receiving “regular updates” on the virus.

“This is obviously a priority and the president is paying close attention. There have already been cases in the U.S. and person-to-person transmission in the U.S. One of the things the U.S. and President Trump have been able to do is to have policies and systems in place to make sure we’re on top of it,” the official said.

“It was briefly in the wild in the U.S. and we were able to pull that back,” according to the official.

A recent spike in the number of people infected with the deadly coronavirus has shaken governments and markets alike. Stocks tanked Monday amid the surge in cases outside of China’s Hubei province, the epicenter of the virus.

The White House official told CNBC that the market is reacting to the news of the day, and said that the economy remains strong.

“The idea that the Dow dropping 800 points currently is somehow an indictment of the president and his policies, I think that is ridiculous,” the official said.


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: kevin breuninger eamon javers, kevin breuninger, eamon javers
Keywords: news, cnbc, companies, congress, spread, fight, emergency, coronavirus, planning, source, white, health, ask, told, trump, president, official, house, funds


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TurboTax maker Intuit near deal to buy Credit Karma for $7 billion, WSJ reports

TurboTax maker Inuit Inc. is close to an agreement to buy personal-finance technology portal Credit Karma Inc. for roughly $7 billion, the Wall Street Journal reported, citing anonymous sources. The deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector. Credit Karma, a startup headquartered in San Francisco, was valued at about $4 billion in a private share sale roughly two years ago. The platform offers users free access to credit score


TurboTax maker Inuit Inc. is close to an agreement to buy personal-finance technology portal Credit Karma Inc. for roughly $7 billion, the Wall Street Journal reported, citing anonymous sources.
The deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector.
Credit Karma, a startup headquartered in San Francisco, was valued at about $4 billion in a private share sale roughly two years ago.
The platform offers users free access to credit score
TurboTax maker Intuit near deal to buy Credit Karma for $7 billion, WSJ reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-23  Authors: emma newburger
Keywords: news, cnbc, companies, maker, reports, deal, turbotax, agreement, company, buy, told, credit, karma, wsj, roughly, expected, users, near, report, intuit


TurboTax maker Intuit near deal to buy Credit Karma for $7 billion, WSJ reports

TurboTax maker Inuit Inc. is close to an agreement to buy personal-finance technology portal Credit Karma Inc. for roughly $7 billion, the Wall Street Journal reported, citing anonymous sources.

The deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector. The company is expected to announce the agreement on Monday, people familiar with the matter told the newspaper.

The acquisition would be Intuit’s largest in its 37-year history. Intuit shares have risen nearly 14% since the beginning of the year, and the company is expected to report second-quarter earnings on Monday.

Credit Karma, a startup headquartered in San Francisco, was valued at about $4 billion in a private share sale roughly two years ago. The platform offers users free access to credit scores and reports, and gives personalized loan and credit card recommendations based on the users’ credit history.

Under the agreement, Credit Karma would function as a stand-alone business with its chief executive, Kenneth Lin, staying in charge, one person told The Journal.

Read the full report here


Company: cnbc, Activity: cnbc, Date: 2020-02-23  Authors: emma newburger
Keywords: news, cnbc, companies, maker, reports, deal, turbotax, agreement, company, buy, told, credit, karma, wsj, roughly, expected, users, near, report, intuit


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China’s central bank vows more steps to support virus-hit economy

China’s central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for firms, a vice governor of the bank told state media. We are confident and able to offset the impact of the epidemic,” Liu told the newspaper. Liu reiterated that the central bank will not resort to “flood-like” stimulus. “We believe that after this epidemic is over, pent-up demand for consumption and investment will be fully released, and China’s econom


China’s central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for firms, a vice governor of the bank told state media.
We are confident and able to offset the impact of the epidemic,” Liu told the newspaper.
Liu reiterated that the central bank will not resort to “flood-like” stimulus.
“We believe that after this epidemic is over, pent-up demand for consumption and investment will be fully released, and China’s econom
China’s central bank vows more steps to support virus-hit economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-22
Keywords: news, cnbc, companies, bank, rates, vows, support, chinas, liu, epidemic, virushit, told, central, steps, impact, economy


China's central bank vows more steps to support virus-hit economy

A woman walks past the headquarters of the People’s Bank of China in Beijing, China.

China’s central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for firms, a vice governor of the bank told state media.

The People’s Bank of China (PBOC) will guide market interest rates lower and keep liquidity appropriately ample to help companies affected by the coronavirus epidemic, Liu Guoqiang, the bank official, told the Financial News in an interview.

The PBOC will release more liquidity to banks by adjusting the criteria for targeted reserve requirement ratios (RRR) cuts, Liu said.

“China’s monetary policy space is still very sufficient, and the toolbox is also sufficient. We are confident and able to offset the impact of the epidemic,” Liu told the newspaper.

The central bank will push down real lending rates, especially for small firms, by further improving the transmission mechanism of the loan prime rate (LPR) – its new benchmark lending rate, Liu said.

Liu reiterated that the central bank will not resort to “flood-like” stimulus.

China has cut several of its key rates in recent weeks, including the benchmark lending rate on Thursday, in a bid to reduce financial strains on companies facing severe business disruptions due to the outbreak. Investors widely expect further monetary and fiscal support measures in coming weeks.

Benchmark deposit rates will also be adjusted at an appropriate time, Liu said.

Liu said that the epidemic’s impact on China’s economy would be limited, and that Beijing would strive to meet economic and social development targets this year.

Chen Yulu, another vice central bank governor, said that the coronavirus’ impact on China’s economy will be short-term and limited, and that the country is fully confident it beat the epidemic, state media reported on Saturday.

“We believe that after this epidemic is over, pent-up demand for consumption and investment will be fully released, and China’s economy will rebound swiftly,” Chen said.

China’s economic growth may show a sharp slowdown in the first quarter, probably dipping to 3% or even lower from 6% in the previous quarter — which was the weakest pace in nearly 30 years, economists estimated.

The central bank also is closely monitoring consumer prices, which could be disturbed by the virus epidemic, Liu said.

Seasonal factors and the virus’ impact were behind the flat M1 money supply, or cash in circulation plus corporate demand deposits, in January from a year earlier, Liu said.

Liu also said China’s economic fundamentals were sound, adding it had ample foreign currency reserves to support its yuan currency.


Company: cnbc, Activity: cnbc, Date: 2020-02-22
Keywords: news, cnbc, companies, bank, rates, vows, support, chinas, liu, epidemic, virushit, told, central, steps, impact, economy


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Inside teen YouTube star JoJo Siwa’s tour rider, from Lucky Charms to ‘bougie’ Caesar salads

tour, which has already brought in tens of millions of dollars and announced 50 new tour dates, beginning in March. When it comes to her tour, Siwa is heavily involved in the planning process, from the merchandise to the overall cost of the production. In addition to tour, live appearances and YouTube videos, Siwa is the star of the Nickelodeon YouTube cartoon, “JoJo and BowBow,” and she has an exclusive licensing deal with Nickelodeon. Still, Siwa has brought in the most consumer-product succes


tour, which has already brought in tens of millions of dollars and announced 50 new tour dates, beginning in March.
When it comes to her tour, Siwa is heavily involved in the planning process, from the merchandise to the overall cost of the production.
In addition to tour, live appearances and YouTube videos, Siwa is the star of the Nickelodeon YouTube cartoon, “JoJo and BowBow,” and she has an exclusive licensing deal with Nickelodeon.
Still, Siwa has brought in the most consumer-product succes
Inside teen YouTube star JoJo Siwa’s tour rider, from Lucky Charms to ‘bougie’ Caesar salads Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: cory stieg
Keywords: news, cnbc, companies, salads, rider, tour, stone, siwa, inside, youtube, rolling, teen, nickelodeon, star, lucky, told, tray, siwas, jojo


Inside teen YouTube star JoJo Siwa's tour rider, from Lucky Charms to 'bougie' Caesar salads

JoJo Siwa is a 16-year-old YouTube and TV sensation who owns a Tesla that’s decorated with images of her face, and recently bought a home in Los Angeles for $3.4 million. She has 10.6 million YouTube subscribers, her branded signature hair bows fly off shelves and in April, the teen star filmed an “epic TV special” for Nickelodeon that chronicled the day leading up to her 16th birthday party.

Most recently, Siwa has been singing and dancing her way across the globe with her D.R.E.A.M. tour, which has already brought in tens of millions of dollars and announced 50 new tour dates, beginning in March. Siwa called the latest Australian leg of the tour “some of the longest, most tiring, hardest and most stressful days ever,” on Instagram.

But there are some comforts on the road. Siwa shared a video of her backstage setup in Melbourne on YouTube subscribers calling the spread “the most gorgeous crafty I’ve ever seen in my life” (referring to her craft services spread).

Like many performers, Siwa has a tour rider, which among other things, lists hospitality requests (or sometimes demands), and the snacks Siwa requests in particular seem perfectly suited to a 16 year old-turned-mogul.

Lucky Charms, marshmallows, peanut butter and jelly cupcakes and cookies on Siwa’s rider, which comes as no surprise for the “Kid In a Candy Store” singer who has a full candy bar set up at home in her mansion.

“But they’re supposed to be like Chips Ahoy cookies,” Siwa says in her YouTube video. “These are like fancy your homemade situations, love that.”

But there’s also a vegetable tray, bread, a “bougie” charcutier board, six plates of “incredible” chicken and two “bougie” Caesar salads, she says in the YouTube video.

JoJo Siwa shows off her craft services catering on tour.

“On my craft rider is Fruit Roll-Ups, Goldfish, spray cheese, bread and peanut butter and jelly, a fruit tray, a vegetable tray with ranch, two Caesar salads, Gatorade, orange juice, diet coke and water,” she told E! News in November. “There is always a different kind of chip, cookie and cupcakes. Everything else I don’t really care as long as there is good food.”

When it comes to her tour, Siwa is heavily involved in the planning process, from the merchandise to the overall cost of the production.

“She thought this was so important, how these decisions were gonna get made, that she called,” Debra Rathwell, senior vice president at AEG Live, the entertainment company that produces her live shows, told Rolling Stone. “We had a conference call with JoJo, the designer and the director, Nickelodeon, and ourselves. We talked through each and every one.”

In addition to tour, live appearances and YouTube videos, Siwa is the star of the Nickelodeon YouTube cartoon, “JoJo and BowBow,” and she has an exclusive licensing deal with Nickelodeon. She sells branded clothes, dolls, makeup and accessories at stores like Target, Payless, Claire’s and Walmart.

“We figured out how to take an influencer and turn her into a brand,” Pam Kaufman, president of Viacom/Nickelodeon global consumer products, told Viacom in 2018.

In 2018, Siwa sold 40 million of her signature bows, she said on an episode of the “Impaulsive” podcast. However, in 2019 Claire’s voluntarily recalled Siwa’s makeup kits after the Food and Drug Administration found the “possible presence of trace amounts of asbestos fibers” in the eye shadows.

Still, Siwa has brought in the most consumer-product success from a live-action star in Nickelodeon history, Kaufman told Rolling Stone. “There has never really been someone who has done what I’ve done,” Siwa told Rolling Stone. “I’m live-action. I’m the first real-life license—the first human, who is not playing a character, to be licensed as a brand.”

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Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: cory stieg
Keywords: news, cnbc, companies, salads, rider, tour, stone, siwa, inside, youtube, rolling, teen, nickelodeon, star, lucky, told, tray, siwas, jojo


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