Trump says he delayed tariffs because of concerns over Christmas shopping season

President Donald Trump on Tuesday said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping. “We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.” They include decorations for “Christmas festivities, nativity scen


President Donald Trump on Tuesday said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping. “We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.” They include decorations for “Christmas festivities, nativity scen
Trump says he delayed tariffs because of concerns over Christmas shopping season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: kevin breuninger
Keywords: news, cnbc, companies, list, impact, concerns, delayed, president, weve, tariffs, season, imports, delay, trump, shopping, christmas


Trump says he delayed tariffs because of concerns over Christmas shopping season

President Donald Trump on Tuesday said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.

The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into effect Sept. 1.

“We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “Just in case some of the tariffs would have an impact on U.S. customers.”

“So far they’ve had virtually none,” the president added. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.”

The acknowledgement that tariffs could harm holiday sales marks a shift for Trump, a self-described “tariff man” who has long claimed that the taxes on imports help the U.S. while applying pressure on China.

The U.S. trade representative said the delay would apply to a wide variety of goods, including certain electronics such as cellphones, laptops and video games.

A slew of Christmas-related products also appeared on the delay list. They include decorations for “Christmas festivities, nativity scenes and figures thereof,” as well as Christmas tree lights and ornaments.

No other items for specific holidays appear to be included in the delay list.


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: kevin breuninger
Keywords: news, cnbc, companies, list, impact, concerns, delayed, president, weve, tariffs, season, imports, delay, trump, shopping, christmas


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Visa CEO: Unlike PayPal and Square, we won’t block gun purchases

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday. Payment companies PayPal and Square do not allow their services to be used for gun sales. Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases. Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. While Vis


Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday. Payment companies PayPal and Square do not allow their services to be used for gun sales. Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases. Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. While Vis
Visa CEO: Unlike PayPal and Square, we won’t block gun purchases Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jasmine kim, matthew j belvedere
Keywords: news, cnbc, companies, gun, kelly, shouldnt, weve, ceo, continue, buy, square, paypal, company, purchases, unlike, visa, wont, block, laws


Visa CEO: Unlike PayPal and Square, we won't block gun purchases

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday.

“We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,” said Visa Chairman and CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the deadly weekend mass shootings in Texas and Ohio.

Payment companies PayPal and Square do not allow their services to be used for gun sales.

Kelly said it is the legislators who “need to do their job,” and Visa’s stance as a payment processor for gun purchases hasn’t changed over the past year.

“The reality is that it’s very hard for us to do it. … If we start to get in the mode of being legislators it’s a very slippery slope,” Kelly said. “We shouldn’t be determining what’s right or wrong in terms of people’s purchases.”

The company will continue to “follow the laws of the land,” he added.

“We shouldn’t tell people they can’t purchase a 32-ounce soda. We shouldn’t tell people they can’t buy reproductive drugs,” Kelly said.

Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases.

Ajay Banga, CEO of Mastercard, said it is not his company’s place to dictate what consumers can and cannot buy, according to a Bloomberg article. Banga does not think personal beliefs should guide how he operates his company’s networks.

Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. He told CNBC that more company leaders need to “come out and massively say, ‘We’ve got to do something about this.'”

Another CEO speaking out is Apple’s Tim Cook. He tweeted that he’s “heartbroken” over the shootings that happened in El Paso and Dayton last weekend.

While Visa will continue to allow its customers to buy and sell guns, Kelly called out policymakers.

“They ought to get busy on some common sense changes to deal with the horrific problems that we’ve seen in the United States, not just this weekend but for years and years,” he said. “It’s time to start looking at mental health, the size of these magazines, the type of weapons. They’ve got to do something.”


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jasmine kim, matthew j belvedere
Keywords: news, cnbc, companies, gun, kelly, shouldnt, weve, ceo, continue, buy, square, paypal, company, purchases, unlike, visa, wont, block, laws


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Facebook’s Instagram boots ad partner, saying it improperly collected and stored info about users

As reported by Business Insider, Hyp3r created tools that allowed it to collect public Instagram data, including user posts, profile information and locations they visited. Among other information, Hyp3r collected and stored data from Instagram Stories, which disappear after 24 hours and are not accessible through tools Instagram makes available to third parties. We’ve also made a product change that should help prevent other companies from scraping public location pages in this way.” Moving for


As reported by Business Insider, Hyp3r created tools that allowed it to collect public Instagram data, including user posts, profile information and locations they visited. Among other information, Hyp3r collected and stored data from Instagram Stories, which disappear after 24 hours and are not accessible through tools Instagram makes available to third parties. We’ve also made a product change that should help prevent other companies from scraping public location pages in this way.” Moving for
Facebook’s Instagram boots ad partner, saying it improperly collected and stored info about users Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: salvador rodriguez
Keywords: news, cnbc, companies, facebook, saying, public, facebooks, partner, improperly, stored, pages, location, info, boots, data, hyp3r, users, instagram, information, weve, collected


Facebook's Instagram boots ad partner, saying it improperly collected and stored info about users

Facebook-owned Instagram on Wednesday sent a cease and desist letter to Hyp3r, a San Francisco marketing startup that was found to be improperly collecting data from users.

As reported by Business Insider, Hyp3r created tools that allowed it to collect public Instagram data, including user posts, profile information and locations they visited. That data could then be used by Hyp3r’s clients to target people with ads, the report says. Among other information, Hyp3r collected and stored data from Instagram Stories, which disappear after 24 hours and are not accessible through tools Instagram makes available to third parties.

“Hyp3r’s actions were not sanctioned and violate our policies,” an Instagram spokesperson told CNBC. “As a result, we’ve removed them from our platform. We’ve also made a product change that should help prevent other companies from scraping public location pages in this way.”

Hyp3r was exploiting an Instagram feature that allowed anybody to see information on public Location pages, even if they weren’t logged into Instagram at the time. Instagram did this in part to showcase material on the service and ensure that it showed up in Google search results. Moving forward, Instagram is closing off access to these Location pages unless a users logged into the service.

Hyp3r told CNBC that it did not break Instagram’s rules.

“Hyp3r is, and has always been, a company that enables authentic, delightful marketing that is compliant with consumer privacy regulations and social network Terms of Services. We do not view any content or information that cannot be accessed publicly by everyone online.”

This incident comes after Facebook’s March 2018 Cambridge Analytica scandal, in which a political consulting firm accessed the data of 87 million Facebook users without authorization, setting off a wave of negative publicity related to how Facebook collects, stores and secures information about users.

Read the full report on Business Insider.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: salvador rodriguez
Keywords: news, cnbc, companies, facebook, saying, public, facebooks, partner, improperly, stored, pages, location, info, boots, data, hyp3r, users, instagram, information, weve, collected


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Stocks rebound from worst day of the year—here’s what 4 experts are watching now

The move provided some relief to the markets and eased tensions that a currency war between the world’s two biggest economies was on the horizon. “A lot of people look at this as just a trade war that stepped up a little bit over time. Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said fears of a currency war were “overblown,” and actually thinks China is a good risk-reward bet. “The market reading into it being a currency war was overdone. You know, I don’t think that this cha


The move provided some relief to the markets and eased tensions that a currency war between the world’s two biggest economies was on the horizon. “A lot of people look at this as just a trade war that stepped up a little bit over time. Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said fears of a currency war were “overblown,” and actually thinks China is a good risk-reward bet. “The market reading into it being a currency war was overdone. You know, I don’t think that this cha
Stocks rebound from worst day of the year—here’s what 4 experts are watching now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: araceli crescencio
Keywords: news, cnbc, companies, stocks, think, war, watching, currency, china, weve, yearheres, experts, worst, rebound, day, trade, companies, going, chinese, dont


Stocks rebound from worst day of the year—here's what 4 experts are watching now

U.S. markets recovered from their worst day of the year, after China’s central bank rejected the U.S. Treasury’s classification of the country being a currency manipulator and stabilized the yuan.

The move provided some relief to the markets and eased tensions that a currency war between the world’s two biggest economies was on the horizon.

While the news helped ease market concerns, experts are remaining cautious. Here’s what four experts think comes next:

Ellen Hazen, portfolio manager at F.L. Putnam Investment Management, said the increased tensions may lead the Fed to take more action.

“There is certainly some chance that this most recent ratcheting up of tensions was in some part designed to respond to what you were saying earlier … about the Fed responding to this trade war. But, the results are real. We’ve seen the slowing in the industrial economy here and in other places. And part of that is due to the uncertainty, and the slowdown from the trade rhetoric. So, I don’t know if 50 basis point cut, or even more than that is going to turn that industrial economy around.”

Leland Miller, CEO of China Beige Book International, said if the Chinese government really starts manipulating its currency, it could lose control of the yuan.

“A lot of people look at this as just a trade war that stepped up a little bit over time. But what’s actually happened, is the beginning of the trade war there was tariffs, and those tariffs were dealt with by the Chinese through back door subsidies, through currency depreciation, through other things. So, they were basically counteracted as much as possible. Where we’re going now, is a place where they can’t do this. And if they were trying to do that with the currency, not only would there be a major political reaction, but they could lose control. I think the fear over what the Chinese are doing right now, is not about breaking seven. It’s that now that they’re no longer restrained by seven, this could go anywhere. And once it starts, the Chinese themselves may not be able to stop the fall of the yuan along the way.”

Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said fears of a currency war were “overblown,” and actually thinks China is a good risk-reward bet.

“The market reading into it being a currency war was overdone. At most, you’re going to get a currency schoolyard fight. I mean, it’s like little moves. They have very little interest in massively devaluing their currency. What happens if they do that? You’re going to see massive capital outflows and they don’t want to see that either. So, I think that directional[ly], you know, if you just pull up the long-term chart for the Chinese yuan, it’s been coming down for the last 10, 20, 30 years. You know, I don’t think that this changes that story. … We’ve raised some cash, but we’ve been lowering consistently our U.S. equity exposure, and we’ve been moving abroad. So we had zero weight in Europe, as an example, last year. We’ve now neutralized that. We’re in roughly equal weight. China, we actually think is a good risk-reward play, because just look at the actual underlying data. There’s trade talks, and then the underlying data for China, is actually starting to improve, at least on a relative basis, relative to everywhere else in the world where it’s getting worse on a daily basis. So, we think that China is probably a best risk-reward bet, given that no one wants to touch that with a ten-foot pole.”

David Kostin, chief U.S. equity strategist at Goldman Sachs, is doubtful that there will be a U.S,-China trade deal in the near future.

“So, what we’re focusing on with clients right now, is a couple of strategies. The first is services compared with goods. So services providing companies, as opposed to goods producers—and that is an important dynamic. In fact, I was on this program a couple months ago talking about [this] as a strategy, and the reason for that is that the companies that are services providing are more domestically facing. They don’t have as much exposure from a tariff point of view. They happen to have better growth in terms of earnings, and they trade roughly at the same valuation. So, if you think about some of those companies, Microsoft at the top of the list, Amazon, we’ve got Google, as examples. Another strategy would be companies that are more domestically facing in terms of the source of their revenue. So, some of the paywall processors. The likelihood of a trade deal has diminished. And we have a trade barometer, that is basically, inferred from what’s happening in the performance of stocks that are Chinese that are selling to the United States, and then vice versa .. it’s at 11 right now. To put in context, it was 75 in April. It’s now 11. OK, the probability of a deal … based on the equity market would be very, very, low.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: araceli crescencio
Keywords: news, cnbc, companies, stocks, think, war, watching, currency, china, weve, yearheres, experts, worst, rebound, day, trade, companies, going, chinese, dont


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Democratic debate: The climate change plan that got buried last night

Experience: U.S. House of Representatives, Washington (1993–2012); Governor of Washington (2013–present)Education: University of Washington, B.A. What changes are needed to prepare our health-care system to deal with the impending climate crisis? Inslee: There’s not enough doctors or medicine or acupuncture in the world to protect us from the climate crisis. They think we’ve got 30 years to solve this problem. We should not allow low tech, middle tech or high tech to take any abusive actions tha


Experience: U.S. House of Representatives, Washington (1993–2012); Governor of Washington (2013–present)Education: University of Washington, B.A. What changes are needed to prepare our health-care system to deal with the impending climate crisis? Inslee: There’s not enough doctors or medicine or acupuncture in the world to protect us from the climate crisis. They think we’ve got 30 years to solve this problem. We should not allow low tech, middle tech or high tech to take any abusive actions tha
Democratic debate: The climate change plan that got buried last night Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: joe andrews joseph magliocco, joe andrews, joseph magliocco, brandon duffy
Keywords: news, cnbc, companies, night, state, im, health, think, plan, weve, democratic, buried, tech, need, change, voters, debate, washington, climate


Democratic debate: The climate change plan that got buried last night

Set to be the first American generations to be worse off than their parents, facing the threat of climate change and struggling with how to pay for college, money matters matter to young voters in this election. This series is dedicated to giving every single candidate a platform to share their economic vision for America with the voters — and find out whether they prefer Hulu or Netflix.

Many good policy ideas miss out on the daily cable news spin cycle after a big Democratic Party debate — but it is not for lack of trying. CNBC.com is interviewing presidential candidates this summer to gain insight on their vision and how it can impact the economic outlook for 37% of the 2020 electorate: millennials and Gen Z voters.

Experience: U.S. House of Representatives, Washington (1993–2012); Governor of Washington (2013–present)

Education: University of Washington, B.A. (1974); Willamette University School of Law, J.D. (1976)

Family: Wife (Trudi), sons (Connor and Jack)

CNBC: According to the fourth National Climate Assessment Report, the sector of our economy that will be most negatively impacted by climate change is the health-care sector, with weather-related health conditions predicted to increase in severity and unanticipated health threats likely to emerge. What changes are needed to prepare our health-care system to deal with the impending climate crisis?

Inslee: There’s not enough doctors or medicine or acupuncture in the world to protect us from the climate crisis. We have to defeat the climate crisis. Any of these measures just try to repair after the car wreck. We need to prevent a car wreck in the first place, and we need a candidate who has a unique commitment to do that. I am that candidate. I’m the only candidate who says this has to be the United States’ top priority. My plan is unique in that it will transition us off coal in 10 years. It’s based on tremendous experience in the state of Washington, passing a 100% clean energy bill. So I’m different than the other candidates. They think we’ve got 30 years to solve this problem. I disagree.

To do what we can to protect ourselves from this, we have to move to a universal health-care plan. We’ve made big strides in my state. I’m proud to be the first governor to lead the adoption of a public health-care option to give the people of my state sanctioned health care. It’s a big step forward for the country, and now we need to move to a “Medicare for all who want it” proposal that I believe is the next big step. We have to reduce the cost of pharmaceuticals by allowing negotiation and reimportation. We have to integrate mental and physical health. And then we have to beef up our public health system that will be responsible for dealing with [climate-related] heatstroke and Lyme disease and increasing infectious diseases to build up our public health infrastructure.

CNBC: Morning Consult says Amazon is Gen Z’s fourth most-loved brand. However, politicians from President Donald Trump to Alexandria Ocasio-Cortez have attacked the brand. Is there a disconnect between leaders and young voters surrounding tech companies?

Inslee: Well, there’s probably a lot of disconnect, including you mentioned the president, who has the largest disconnect in the history of the solar system, and he’s totally disconnected from young voters who demand action against the climate crisis. That’s one of the reasons that I’m running for President of the United States.

As far as tech, what I think we need to look at is behavioral issues. We should not allow low tech, middle tech or high tech to take any abusive actions that are not consistent with our civil rights and our privacy. That’s why I’m pushing a privacy law that will make sure no one violates our privacy, including Amazon or anyone else. We need that privacy law.

I have now passed a net neutrality bill. Net neutrality is necessary to prevent any large, medium or small company abusing our net neutrality, and I think this is something that generation totally understands because the internet is so interwoven in their lives and they realize that we can’t let large corporations interfere with their freedom of speech or their access to innovation. I do believe that it is appropriate to continue to look at some of the antitrust issues that the new internet has brought us, and we need to continue that conversation.

CNBC: A 2018 TD Ameritrade study showed that LGBTQ millennials made, on average, $59,400 a year, while their straight counterparts earned $67,800. Further, only 29% of LGBTQ respondents reported feeling economically secure as opposed to 41% of straight respondents. As president, how will you combat LGBTQ economic inequality?

Inslee: We’d like to attack income inequality for all people. Unfortunately, we have massive income inequality, and that’s why I’m so committed to a progressive tax structure and doing what we’ve done in our state. In Washington we have the highest minimum wage for all people, regardless of their orientation, the best family and medical leave, the highest educator pay increase, the best gender pay-equity protections and some of the earliest and strongest civil rights protections for people in the LGBT community. So the income inequality issue is something we have to be concerned about for everyone.

As far as the LGBT community, I think it would be difficult to find a state that has been more committed and,— on an earlier basis, to assure equity. We allow ourselves to be who we wish to be, marry and love who we wish to marry and love, and protect in employment from any discrimination whatsoever. I’m so proud of my state. I even got to host the first same-sex marriage ceremony in American history in a governor’s residence. It was my cousin. We’ve got a record here in my governorship that will continue in my presidency. We want to make sure that whatever career vision people have, including the military, they can pursue it.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: joe andrews joseph magliocco, joe andrews, joseph magliocco, brandon duffy
Keywords: news, cnbc, companies, night, state, im, health, think, plan, weve, democratic, buried, tech, need, change, voters, debate, washington, climate


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Market analyst ponders whether we’ve hit ‘peak FANG, peak Pot, peak millennials’

Deluard pointed out in a note titled “Peak FANG, Peak Pot, Peak Millennials” that revenues from high-flying tech stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet (FAANG) grew by just 10.4% in the first quarter. Amazon, for example, is up more than 3,100% since the bull market started in March 2009. The S&P 500 has rallied more than 300% during the current bull market. Worse, Millennials get no credit for the one thing they did right: the equity bull market,” he said. The s


Deluard pointed out in a note titled “Peak FANG, Peak Pot, Peak Millennials” that revenues from high-flying tech stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet (FAANG) grew by just 10.4% in the first quarter. Amazon, for example, is up more than 3,100% since the bull market started in March 2009. The S&P 500 has rallied more than 300% during the current bull market. Worse, Millennials get no credit for the one thing they did right: the equity bull market,” he said. The s
Market analyst ponders whether we’ve hit ‘peak FANG, peak Pot, peak millennials’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: fred imbert
Keywords: news, cnbc, companies, companies, peak, financial, generation, netflix, fang, market, analyst, hit, ponders, pot, bull, millennials, weve, trends, stocks


Market analyst ponders whether we've hit 'peak FANG, peak Pot, peak millennials'

A tourist poses with the Wall Street bull statue in the Financial District, August 21, 2018 in New York City.

If you’re tired of reading reports about millennials, new research out Wednesday may be the last you’ll have to read because it suggests this generation has peaked.

Along with this peak could come the end of longest bull market on record, as well as other trends as the younger Generation Z takes over, says Vincent Deluard, global macro strategist at INTL FCStone.

Deluard pointed out in a note titled “Peak FANG, Peak Pot, Peak Millennials” that revenues from high-flying tech stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet (FAANG) grew by just 10.4% in the first quarter. Netflix also reported last week a surprise loss in U.S. subscribers for the second quarter. At the same time, publicly traded marijuana companies that took off like a rocket have lost a large chunk of their value recently.

Some of these high-flying tech stocks are among the best performers of the bull market. Amazon, for example, is up more than 3,100% since the bull market started in March 2009. Netflix and Alphabet have surged over 5,700% and 600%, respectively. Apple is also up 1,600% in that time.

Deluard notes that such strong growth seemed natural for companies levered to millennial preferences like binge-watching shows, for example. However, this may be changing as millennials grow up.

“The growth gap is closing fast,” Deluard said. “Ultimately, the recent struggles of Millennial-oriented companies may simply reflect that Millennials are no longer cool. Trends are not set by balding pot-bellied Dads and strolling-pushing Moms. Marketers have already shifted their attention to younger, more attractive Generation Z.”

The S&P 500 has rallied more than 300% during the current bull market. The 10-year bull run also coincided with a large influx of millennials entering the labor force after the financial crisis in 2008.

Millennials have been criticized for their light work ethic and unusual consumer choices. Previous generations give heat to millennials for being woefully underinvested in financial markets. However, Deluard argues that millennials deserve more credit for the bull run.

“Millennials have been accused of ruining pretty much everything, from sex to diamonds and beers. Worse, Millennials get no credit for the one thing they did right: the equity bull market,” he said. “The massive tide of Millennials’ rising demand boosted the revenues of the FAANG stocks for almost two decades.”

But FAANG’s recent struggles may be a sign that the end is near as millennials become uncool and Gen Z dictates market trends. The strategist noted there is historical precedent for such demographic changes pointing to the end of a bull market.

Deluard notes that the “Nifty Fifty” — a group of popular stocks that led a bull market in the early 1970s — peaked in 1972, “just as boomers started their own families.”

“Most of these companies kept doing well, but their high-multiple, high-growth stocks were decimated in the brutal bear markets of the 70s,” he added. “Last, the number of U.S. live births collapsed in the late 70s, creating another economic headwind for stocks. Similarly and worryingly, the U.S. fertility rate dropped to a historical low last year. Blame all these Netflix shows.”

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Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: fred imbert
Keywords: news, cnbc, companies, companies, peak, financial, generation, netflix, fang, market, analyst, hit, ponders, pot, bull, millennials, weve, trends, stocks


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‘Anonymous’ data might not be so anonymous, study shows

We’ve all done it: When signing up for an account online, we’ve clicked “I agree” to have our data sold to third parties. It will be anonymized, we’re assured, and only a small percentage of data will be made available to others. Personal data can be used for research, illicit activities and even investing, as CNBC has previously reported. On average, people have an 83% chance of being re-identified based on those three data points, the researchers said. “The goal of anonymization is so we can u


We’ve all done it: When signing up for an account online, we’ve clicked “I agree” to have our data sold to third parties. It will be anonymized, we’re assured, and only a small percentage of data will be made available to others. Personal data can be used for research, illicit activities and even investing, as CNBC has previously reported. On average, people have an 83% chance of being re-identified based on those three data points, the researchers said. “The goal of anonymization is so we can u
‘Anonymous’ data might not be so anonymous, study shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: nick wells leslie picker, nick wells, leslie picker
Keywords: news, cnbc, companies, study, reidentified, using, research, used, demographic, universit, anonymization, weve, data, anonymous, researchers, shows


'Anonymous' data might not be so anonymous, study shows

We’ve all done it: When signing up for an account online, we’ve clicked “I agree” to have our data sold to third parties. It will be anonymized, we’re assured, and only a small percentage of data will be made available to others.

But how secure can we be that our personal data can’t be traced back to us? That’s the central question that a team of researchers at Université catholique de Louvain in Belgium and Imperial College London sought to answer.

The conclusion is — “not very.”

Using machine learning, the researchers developed a system to estimate the likelihood that a specific person could be re-identified from an anonymized data set containing demographic characteristics. The researchers’ model suggests that over 99% of Americans could be correctly re-identified from any dataset using 15 demographic attributes, including age, gender and marital status.

“While there might be a lot of people who are in their thirties, male and living in New York City, far fewer of them were also born on January 5, are driving a red sports car and live with two kids (both girls) and one dog,” said Luc Rocher, a PhD candidate at Université catholique de Louvain and the study’s lead author. Personal data can be used for research, illicit activities and even investing, as CNBC has previously reported.

Their paper, “Estimating the success of re-identifications in incomplete datasets using generative models,” was published in the journal Nature Communications. Their findings suggest that commonly used anonymization tools like adding noise and sampling data may not be enough to keep up with pro-data privacy laws like the European Union’s GDPR and California’s Consumer Privacy Act.

The results “question whether current de-identification practices satisfy the anonymization standards of modern data protection laws such as GDPR and CCPA,” the researchers wrote.

As part of their research, the trio published an online tool to help people understand how likely it is for them to be re-identified, based on just three common demographic characteristics: gender, birth date and ZIP code. On average, people have an 83% chance of being re-identified based on those three data points, the researchers said.

“The goal of anonymization is so we can use data to benefit society,” said Yves-Alexandre de Montjoye, one of the researchers. “This is extremely important but should not and does not have to happen at the expense of people’s privacy.”

WATCH: Here’s why countries are taking on Big Tech


Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: nick wells leslie picker, nick wells, leslie picker
Keywords: news, cnbc, companies, study, reidentified, using, research, used, demographic, universit, anonymization, weve, data, anonymous, researchers, shows


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Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone crazy’

“As far as I’m concerned, there’s too much exuberance in one particular subset of expensive tech stocks, but other than that, you’re boxing with phantoms.” Cramer counted Amazon, Microsoft, Netflix and Apple as some of the vulnerable tech stocks that could tumble, particularly if U.S.-China trade tensions ratchet back up. Looking at the software space, Cramer said the group of tech stocks he calls “Cloud Kings” are also vulnerable here. Facebook and Google-parent Alphabet, on the other hand, are


“As far as I’m concerned, there’s too much exuberance in one particular subset of expensive tech stocks, but other than that, you’re boxing with phantoms.” Cramer counted Amazon, Microsoft, Netflix and Apple as some of the vulnerable tech stocks that could tumble, particularly if U.S.-China trade tensions ratchet back up. Looking at the software space, Cramer said the group of tech stocks he calls “Cloud Kings” are also vulnerable here. Facebook and Google-parent Alphabet, on the other hand, are
Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone crazy’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: tyler clifford
Keywords: news, cnbc, companies, stocks, overvalued, cramer, does, valuations, tech, gone, trade, weve, apple, technology, vulnerable, crazy


Cramer: Tech stocks are overvalued, but 'it's not like we've gone crazy'

CNBC’s Jim Cramer on Tuesday shot down the idea that there is too much bullish sentiment on Wall Street.

While the technology sector, which is fueling those concerns, has some sky-high valuations, the “Mad Money” host said the whole market does not fit the mold. The major averages each rallied more than 0.20% during the session, with the S&P 500 closed at a new all-time high of 2,973.

“After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism, that we’ve been lulled into a false sense of security,” he said. “As far as I’m concerned, there’s too much exuberance in one particular subset of expensive tech stocks, but other than that, you’re boxing with phantoms.”

Cramer counted Amazon, Microsoft, Netflix and Apple as some of the vulnerable tech stocks that could tumble, particularly if U.S.-China trade tensions ratchet back up. Apple is one stock that he does not want to see get caught in the crossfire of the trade war.

“However, I think the deal [President Donald Trump] just made is a major win for these guys,” he said. “I wouldn’t sell Apple.”

Cramer also pointed to the biotech segment as another source of overvaluation, but found solace in the big pharmaceutical names buying up some of those companies.

He considered the financial technology world to be the most overvalued part of the market. That industry includes payments companies like Visa, PayPal, American Express and Mastercard. Still, these companies could continue to thrive because the fintech space has secular growth, the host noted.

“Every time they get hit, buyers come out of the woodwork,” Cramer said.

Looking at the software space, Cramer said the group of tech stocks he calls “Cloud Kings” are also vulnerable here. He listed Splunk, ServiceNow, Salesforce, Workday and Adobe among them.

Facebook and Google-parent Alphabet, on the other hand, are at “historically low valuations,” Cramer said. Furthermore, investors are still willing to buy other high-valued stocks like Trade Desk and Roku. Those equities bounced back after each caught downgrades from RBC Capital Markets Tuesday morning, he added.

“So where does the argument say that we’re too bullish? It comes from tech, where we do have some outrageous valuations,” Cramer said. “Still, it’s not like we’ve gone crazy.”

Disclosure: Cramer’s charitable trust owns shares of Facebook, Alphabet, Salesforce.com, Amazon, Microsoft and Apple.


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: tyler clifford
Keywords: news, cnbc, companies, stocks, overvalued, cramer, does, valuations, tech, gone, trade, weve, apple, technology, vulnerable, crazy


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Alphabet’s robotaxis get one step closer to commercial use in California

Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone…”After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism,” but Jim Cramer’s not buying it. Mad Money with Jim Cramerread more


Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone…”After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism,” but Jim Cramer’s not buying it. Mad Money with Jim Cramerread more
Alphabet’s robotaxis get one step closer to commercial use in California Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: jennifer elias
Keywords: news, cnbc, companies, commercial, stocks, overvalued, itmad, california, tech, step, alphabets, jim, run, optimism, weve, money, hear, closer, robotaxis


Alphabet's robotaxis get one step closer to commercial use in California

Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone…

“After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism,” but Jim Cramer’s not buying it.

Mad Money with Jim Cramer

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: jennifer elias
Keywords: news, cnbc, companies, commercial, stocks, overvalued, itmad, california, tech, step, alphabets, jim, run, optimism, weve, money, hear, closer, robotaxis


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Amazon plans a 43-story skyscraper in Seattle suburb

Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone…”After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism,” but Jim Cramer’s not buying it. Mad Money with Jim Cramerread more


Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone…”After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism,” but Jim Cramer’s not buying it. Mad Money with Jim Cramerread more
Amazon plans a 43-story skyscraper in Seattle suburb Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: lauren feiner
Keywords: news, cnbc, companies, stocks, overvalued, plans, itmad, tech, run, amazon, jim, money, seattle, skyscraper, weve, optimism, hear, suburb, 43story


Amazon plans a 43-story skyscraper in Seattle suburb

Cramer: Tech stocks are overvalued, but ‘it’s not like we’ve gone…

“After a big run, you always hear that there are just too many bulls, too much excitement, too much optimism,” but Jim Cramer’s not buying it.

Mad Money with Jim Cramer

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: lauren feiner
Keywords: news, cnbc, companies, stocks, overvalued, plans, itmad, tech, run, amazon, jim, money, seattle, skyscraper, weve, optimism, hear, suburb, 43story


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