Trump’s absence at the ASEAN summit signals the US is ‘not as committed’ to Asia

U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be “as committed to Asia” as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore. U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America’s free and open Indo-Pacific vision during his Asia


U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be “as committed to Asia” as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore. U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America’s free and open Indo-Pacific vision during his Asia
Trump’s absence at the ASEAN summit signals the US is ‘not as committed’ to Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: harini v, christopher gregory, getty images news, getty images
Keywords: news, cnbc, companies, capri, regional, asean, summit, absence, whats, trump, asia, important, president, committed, trumps, signals


Trump's absence at the ASEAN summit signals the US is 'not as committed' to Asia

U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be “as committed to Asia” as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore.

U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America’s free and open Indo-Pacific vision during his Asia tour.

Trump’s planned absence has raised questions about his commitment to Asia Pacific, as regional powers such as China, Japan and India seek to enlist support for a multilateral trading system.

The no-show signals that “the U.S. is maybe not as committed to the region as some of its allies would like to seem it,” Capri told CNBC on Thursday.

“Optics are very very important — and statements and symbolisms. Who comes, what’s on the table, what’s on the agenda,” said Capri. “If Trump were to come out I think it would have been a much more symbolic that … this was more important.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: harini v, christopher gregory, getty images news, getty images
Keywords: news, cnbc, companies, capri, regional, asean, summit, absence, whats, trump, asia, important, president, committed, trumps, signals


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‘Facebook is the new cigarettes,’ says Salesforce CEO

In a wide-ranging interview, Salesforce CEO Marc Benioff compared using Facebook to nicotine addiction. “Facebook is the new cigarettes,” Benioff told journalist Kara Swisher for an MSNBC special, “Revolution: Salesforce Changing the World,” which will air on Nov. 18 at 10 p.m. When Swisher pushed back on the comparison of Facebook to deadly cigarettes, Benioff stood by his assessment. In an interview on CNBC’s Squawk Alley in January, Benioff said Facebook should be regulated, just like tobacco


In a wide-ranging interview, Salesforce CEO Marc Benioff compared using Facebook to nicotine addiction. “Facebook is the new cigarettes,” Benioff told journalist Kara Swisher for an MSNBC special, “Revolution: Salesforce Changing the World,” which will air on Nov. 18 at 10 p.m. When Swisher pushed back on the comparison of Facebook to deadly cigarettes, Benioff stood by his assessment. In an interview on CNBC’s Squawk Alley in January, Benioff said Facebook should be regulated, just like tobacco
‘Facebook is the new cigarettes,’ says Salesforce CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren feiner, katie kramer, adam jeffery
Keywords: news, cnbc, companies, ceo, benioff, think, salesforce, whats, addictive, facebook, swisher, cigarettes, tax, way, theyre


'Facebook is the new cigarettes,' says Salesforce CEO

In a wide-ranging interview, Salesforce CEO Marc Benioff compared using Facebook to nicotine addiction.

“Facebook is the new cigarettes,” Benioff told journalist Kara Swisher for an MSNBC special, “Revolution: Salesforce Changing the World,” which will air on Nov. 18 at 10 p.m. ET.

“You know, it’s addictive. It’s not good for you. There’s people trying to get you to use it that even you don’t understand what’s going on. The government needs to step in. The government needs to really regulate what’s happening,” Benioff said.

Benioff is not known to shy away from clashes with fellow tech leaders. Most recently, he successfully advocated for San Francisco to pass Proposition C, a tax on the city’s biggest business meant to raise funds for the homeless. This put him in direct opposition to several of his peers, including Twitter and Square CEO Jack Dorsey, who argued the tax would disproportionately impact financial services companies like Square.

Benioff expressed concern over Facebook’s impact on children in particular. When Swisher pushed back on the comparison of Facebook to deadly cigarettes, Benioff stood by his assessment.

“Well, I think this is… the right comparison that we can see that, you know, Facebook can have very serious effects on society the same way that cigarettes can,” he said.

It’s not the first time Benioff has compared Facebook to the tobacco industry. In an interview on CNBC’s Squawk Alley in January, Benioff said Facebook should be regulated, just like tobacco.

“I think that you do it exactly the same way that you regulated the cigarette industry. Here’s a product: Cigarettes. They’re addictive, they’re not good for you,” Benioff said at the time. “I think that for sure, technology has addictive qualities that we have to address, and that product designers are working to make those products more addictive and we need to rein that back.”


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren feiner, katie kramer, adam jeffery
Keywords: news, cnbc, companies, ceo, benioff, think, salesforce, whats, addictive, facebook, swisher, cigarettes, tax, way, theyre


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Cramer Remix: This tech play can withstand Wall Street’s pushback

Jim Cramer’s job is to keep in touch with what’s hot and what’s not on Wall Street and to help investors make sense of the stock market’s swings. And recently, technology play Twilio has really impressed the CNBC host. “Some companies are so incredibly well-run that they can triumph even when the Wall Street taste-makers are against them,” Cramer said on “Mad Money” after a notable marketwide sell-off. The best part, he added, was that Twilio’s software-as-a-service story is “still in its very e


Jim Cramer’s job is to keep in touch with what’s hot and what’s not on Wall Street and to help investors make sense of the stock market’s swings. And recently, technology play Twilio has really impressed the CNBC host. “Some companies are so incredibly well-run that they can triumph even when the Wall Street taste-makers are against them,” Cramer said on “Mad Money” after a notable marketwide sell-off. The best part, he added, was that Twilio’s software-as-a-service story is “still in its very e
Cramer Remix: This tech play can withstand Wall Street’s pushback Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: elizabeth gurdus, jim urquhart, scott mlyn, pradeep gaur, mint, getty images
Keywords: news, cnbc, companies, cramer, wall, withstand, tech, remix, stock, marketwide, street, streets, twilios, pushback, companies, twilio, play, technology, whats


Cramer Remix: This tech play can withstand Wall Street's pushback

Jim Cramer’s job is to keep in touch with what’s hot and what’s not on Wall Street and to help investors make sense of the stock market’s swings. And recently, technology play Twilio has really impressed the CNBC host.

“Some companies are so incredibly well-run that they can triumph even when the Wall Street taste-makers are against them,” Cramer said on “Mad Money” after a notable marketwide sell-off.

Last week, the stock of Twilio — which helps companies like Uber and Airbnb develop and deliver push technology through their apps and connect with customers — surged 35 percent in a single day after the company reported a blowout earnings report.

Even Cramer didn’t expect results that strong. The best part, he added, was that Twilio’s software-as-a-service story is “still in its very early innings.”

“But thanks to the latest marketwide turmoil, … Twilio’s shares have pulled back dramatically from their highs, falling from $98 and change … to $84 as of today,” Cramer said. “To me, it feels like a real bargain at these levels, although, of course, I’d like it lower, particularly if people keep talking about the bear market.”


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: elizabeth gurdus, jim urquhart, scott mlyn, pradeep gaur, mint, getty images
Keywords: news, cnbc, companies, cramer, wall, withstand, tech, remix, stock, marketwide, street, streets, twilios, pushback, companies, twilio, play, technology, whats


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Expert weighs in on what’s holding the RCEP back

Expert weighs in on what’s holding the RCEP back7:54 PM ET Wed, 14 Nov 2018The Regional Comprehensive Economic Partnership’s member countries don’t have enough “political will” to achieve a level of detail that will make the agreement “deeper” and “more substantial,” says Alex Capri of the National University of Singapore.


Expert weighs in on what’s holding the RCEP back7:54 PM ET Wed, 14 Nov 2018The Regional Comprehensive Economic Partnership’s member countries don’t have enough “political will” to achieve a level of detail that will make the agreement “deeper” and “more substantial,” says Alex Capri of the National University of Singapore.
Expert weighs in on what’s holding the RCEP back Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14
Keywords: news, cnbc, companies, holding, university, weighs, expert, partnerships, rcep, substantial, singapore, political, nov, regional, whats


Expert weighs in on what's holding the RCEP back

Expert weighs in on what’s holding the RCEP back

7:54 PM ET Wed, 14 Nov 2018

The Regional Comprehensive Economic Partnership’s member countries don’t have enough “political will” to achieve a level of detail that will make the agreement “deeper” and “more substantial,” says Alex Capri of the National University of Singapore.


Company: cnbc, Activity: cnbc, Date: 2018-11-14
Keywords: news, cnbc, companies, holding, university, weighs, expert, partnerships, rcep, substantial, singapore, political, nov, regional, whats


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Don’t look for big changes to Italy’s 2019 budget, says anti-establishment minister

“I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what’s being proposed will stay the same.” “I don’t expect the Italian government to make any substantial revisions,” Lorenzo Fioramonti, a junior minister for the Five Star Movement and one of the architects of the party’s economic policy, told CNBC’s Willem Marx. “I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what’s being proposed will s


“I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what’s being proposed will stay the same.” “I don’t expect the Italian government to make any substantial revisions,” Lorenzo Fioramonti, a junior minister for the Five Star Movement and one of the architects of the party’s economic policy, told CNBC’s Willem Marx. “I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what’s being proposed will s
Don’t look for big changes to Italy’s 2019 budget, says anti-establishment minister Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: silvia amaro, antonio masiello, getty images news, getty images, -lorenzo fioramonti, junior minister, five star movement
Keywords: news, cnbc, companies, 2019, minister, stay, look, italys, fioramonti, think, changes, whats, potential, dialogue, dont, core, budget, antiestablishment, proposed, steps, big, second


Don't look for big changes to Italy's 2019 budget, says anti-establishment minister

“I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what’s being proposed will stay the same.”

“I don’t expect the Italian government to make any substantial revisions,” Lorenzo Fioramonti, a junior minister for the Five Star Movement and one of the architects of the party’s economic policy, told CNBC’s Willem Marx.

“I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what’s being proposed will stay the same,” Fioramonti said, suggesting the ongoing exchanges between Brussels and Rome are more about what will happen next, rather than the actual content of the budget.

Italian new media suggested the government could alter its growth forecasts in order to bring them more in line with the commission’s. However, it is difficult to see how that change alone could please Europe and prevent it from enforcing special monitoring and giving policy-making advice to Italy — a procedure that usually is applied to countries that have to bring their deficit and debt levels down.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: silvia amaro, antonio masiello, getty images news, getty images, -lorenzo fioramonti, junior minister, five star movement
Keywords: news, cnbc, companies, 2019, minister, stay, look, italys, fioramonti, think, changes, whats, potential, dialogue, dont, core, budget, antiestablishment, proposed, steps, big, second


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Photos show California’s devastating wildfires raging in Malibu and Butte County

Two incredibly devastating wildfires are raging across California, already killing at least 31 people, displacing over 250,000 residents and destroying thousands of homes and businesses. The town of Paradise in Butte County has been virtually reduced to ashes by what’s called the Camp Fire. At least 29 people have died there, making it the deadliest wildfire in the state’s history in over 85 years. In Southern California, the Woolsey Fire was raging in parts of Los Angeles and Ventura counties,


Two incredibly devastating wildfires are raging across California, already killing at least 31 people, displacing over 250,000 residents and destroying thousands of homes and businesses. The town of Paradise in Butte County has been virtually reduced to ashes by what’s called the Camp Fire. At least 29 people have died there, making it the deadliest wildfire in the state’s history in over 85 years. In Southern California, the Woolsey Fire was raging in parts of Los Angeles and Ventura counties,
Photos show California’s devastating wildfires raging in Malibu and Butte County Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: adam jeffery, justin sullivan, getty images, john locher, stephen lam, eric thayer, ringo hw chiu, richard vogel, robyn beck, afp
Keywords: news, cnbc, companies, californias, thousands, residents, killed, butte, woolsey, photos, virtually, raging, wildfire, whats, county, california, malibu, wildfires, devastating


Photos show California's devastating wildfires raging in Malibu and Butte County

Two incredibly devastating wildfires are raging across California, already killing at least 31 people, displacing over 250,000 residents and destroying thousands of homes and businesses.

The town of Paradise in Butte County has been virtually reduced to ashes by what’s called the Camp Fire. At least 29 people have died there, making it the deadliest wildfire in the state’s history in over 85 years. More than 200 people are unaccounted for. Firefighters were still trying to contain the roaring blaze, which broke out Thursday.

In Southern California, the Woolsey Fire was raging in parts of Los Angeles and Ventura counties, including in Thousands Oaks, where a gunman killed 12 people at a bar on Wednesday, and in celebrity-studded Malibu. More than 150,000 residents were under mandatory evacuation orders. The fire, which killed at least two people, has consumed over 85,000 acres and was only 15 percent contained as of the latest official report.

Here are some scenes of the devastation.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: adam jeffery, justin sullivan, getty images, john locher, stephen lam, eric thayer, ringo hw chiu, richard vogel, robyn beck, afp
Keywords: news, cnbc, companies, californias, thousands, residents, killed, butte, woolsey, photos, virtually, raging, wildfire, whats, county, california, malibu, wildfires, devastating


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Jahana Hayes is Connecticut’s first black woman elected to Congress

History was made in Connecticut when Democrat Jahana Hayes defeated Republican Manny Santos in the state’s 5th Congressional District. Hayes, who was named National Teacher of the Year in 2016, will become Connecticut’s first black woman in Congress. You joined me on this journey and I thank every person who also believed that we are much better together.” “We need someone who will speak to what’s happening in public education, what’s happening on our borders, what’s happening to our organized l


History was made in Connecticut when Democrat Jahana Hayes defeated Republican Manny Santos in the state’s 5th Congressional District. Hayes, who was named National Teacher of the Year in 2016, will become Connecticut’s first black woman in Congress. You joined me on this journey and I thank every person who also believed that we are much better together.” “We need someone who will speak to what’s happening in public education, what’s happening on our borders, what’s happening to our organized l
Jahana Hayes is Connecticut’s first black woman elected to Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: courtney connley, chip somodevilla, getty images
Keywords: news, cnbc, companies, hayes, thank, jahana, teacher, woman, elected, win, black, voice, victory, whats, connecticuts, twitter, community, happening, congress


Jahana Hayes is Connecticut's first black woman elected to Congress

History was made in Connecticut when Democrat Jahana Hayes defeated Republican Manny Santos in the state’s 5th Congressional District. Hayes, who was named National Teacher of the Year in 2016, will become Connecticut’s first black woman in Congress.

Following her victory Tuesday, Hayes took to Twitter to thank her supporters and emphasize the role they played in helping her win, writing: “When I started this campaign, I knew I couldn’t do it alone but I asked you to trust me with your vote and to trust me with your voice. You joined me on this journey and I thank every person who also believed that we are much better together.”

Hayes will succeed Rep. Elizabeth Esty, who resigned earlier this year amid accusations that she improperly handled an abuse claim made against one of her staff members.

Hayes, who lives in Wolcott with her husband and four children, was a social studies teacher at John F. Kennedy High School in Waterbury when she was named National Teacher of the Year in 2016.

“Our Teacher of the Year here stands as proof that you can’t set expectations high enough for our kids,” then-President Barack Obama said during his remarks about Hayes. He praised her resilience in navigating poverty and the challenges of a drug-addicted parent and a teen pregnancy. “There’s magic in those kids. We just have to find it,” he said.

Hayes, who had never ran for public office, says that as a leader in her community she felt compelled to take on more responsibility.

“I feel like I’m at a point in my life where I have a responsibility to speak up for my community,” she told The New York Times in August. “We need someone who will speak to what’s happening in public education, what’s happening on our borders, what’s happening to our organized labor unions — because all these people who work every day and contribute in our community and feel like they’re left out of the conversation.”

Hayes’ victory comes in the midst of a historic election, in which an unprecedented number of women, people of color and LGBTQ candidates ran for office. She acknowledged her auspicious win on Twitter, saying, “Thank you for choosing me to be your congresswoman and trusting me with your voice #WeMadeHistory.”

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: Alexandria Ocasio-Cortez, Rashida Tlaib and 12 others who made history in the 2018 midterm election


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: courtney connley, chip somodevilla, getty images
Keywords: news, cnbc, companies, hayes, thank, jahana, teacher, woman, elected, win, black, voice, victory, whats, connecticuts, twitter, community, happening, congress


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Cramer’s advice on investing during Washington gridlock: Buy fast growers

On Tuesday, the Democratic Party regained control in the House of Representatives, while the Republican Party maintained its majority in the Senate. Results like these tend to cause congressional gridlock, which is usually good for stock-pickers, Cramer said. “Gridlock comes with another set of consequences,” Cramer, host of “Mad Money,” said Wednesday as stocks surged higher. You buy the fastest-growing companies, the ones that can keep making their numbers in a slowdown,” he said. “[Amazon] ma


On Tuesday, the Democratic Party regained control in the House of Representatives, while the Republican Party maintained its majority in the Senate. Results like these tend to cause congressional gridlock, which is usually good for stock-pickers, Cramer said. “Gridlock comes with another set of consequences,” Cramer, host of “Mad Money,” said Wednesday as stocks surged higher. You buy the fastest-growing companies, the ones that can keep making their numbers in a slowdown,” he said. “[Amazon] ma
Cramer’s advice on investing during Washington gridlock: Buy fast growers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, house, stocks, money, host, whats, mad, advice, washington, cramer, fast, growers, stock, buy, gridlock, investing, slowdown, cramers, president


Cramer's advice on investing during Washington gridlock: Buy fast growers

If CNBC’s Jim Cramer knows one thing about the United States Congress, it’s that “a house divided against itself can produce some amazing profits” for investors, he said one day after the 2018 midterm elections.

On Tuesday, the Democratic Party regained control in the House of Representatives, while the Republican Party maintained its majority in the Senate. Results like these tend to cause congressional gridlock, which is usually good for stock-pickers, Cramer said.

“Gridlock comes with another set of consequences,” Cramer, host of “Mad Money,” said Wednesday as stocks surged higher.

One such consequence could be “a slowdown in the U.S. economy, as there’s very little chance that we’ll get a second tax cut or an infrastructure bill, or anything that could give us a boost” given that newly empowered House Democrats may not want to give the president what he wants ahead of 2020, Cramer said.

“What do you do in this situation? You buy the fastest-growing companies, the ones that can keep making their numbers in a slowdown,” he said. Among his recommendations were the cloud stocks, many of which reported strong earnings on Tuesday, as well as the stocks of Amazon and Apple.

“[Amazon] may have sandbagged with its conservative guidance, giving a low-ball number that can be beaten,” the “Mad Money” host said. “Any company willing to have three global headquarters must be doing pretty darned well.”

As for Apple, Cramer pointed to his Tuesday analysis with Carolyn Boroden, a reputable technician who said the iPhone maker’s stock could start rallying as soon as this week.

Other potential winners were health-care plays HCA, UnitedHealth and Centene, all of which benefit from House Democrats preserving the current state of U.S. health care, Cramer said. He also blessed buying big pharmaceutical names like Johnson & Johnson, Merck and Pfizer and device plays Abbott Labs, DexCom and Medtronic.

“Finally, I’ve got to admit that the White House is a neverending source of fantastic stock opportunities,” the “Mad Money” host said, addressing the news that Attorney General Jeff Sessions resigned under pressure from President Donald Trump.

“Sessions hated pot more than anyone else” in the government, he said. “The news of his departure sent Canopy Growth and the rest of the cannabis stocks flying, as investors wagered that no attorney general could be worse on this issue.”

And while Cramer still worried about the Federal Reserve’s plans for interest rates, he said that falling oil prices and slumping mortgage applications could change the central bank’s tune.

“Now that the [election] is in the rear-view mirror, we can surge higher like we did today, but we’re still hostage to the Fed,” he said. “I don’t mind the December rate hike. Employment’s still red hot. […] I just hope that they’ll look at what’s happening in all parts of the economy, not just the consumer, not just unemployment, and decide that they can afford to wait and see what’s going to happen before tightening any more than that.”


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, house, stocks, money, host, whats, mad, advice, washington, cramer, fast, growers, stock, buy, gridlock, investing, slowdown, cramers, president


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Kevin O’Leary dumps Apple stock over transparency concerns: ‘I’ll decide what’s relevant’

Apple is a “closed environment” and it has to sell hardware to add and retain services customers,” he argued. “If I don’t know how many you’re selling, I don’t know anything about you anymore.” On Monday, O’Leary revealed, “It was seconds after that, I exited the stock,” adding he doesn’t own it anymore. Since last Thursday’s announcement, shares of Apple have dropped about 9.5 percent and drawn two downgrades from Wall Street analysts. “This is going to go south now because everybody’s going to


Apple is a “closed environment” and it has to sell hardware to add and retain services customers,” he argued. “If I don’t know how many you’re selling, I don’t know anything about you anymore.” On Monday, O’Leary revealed, “It was seconds after that, I exited the stock,” adding he doesn’t own it anymore. Since last Thursday’s announcement, shares of Apple have dropped about 9.5 percent and drawn two downgrades from Wall Street analysts. “This is going to go south now because everybody’s going to
Kevin O’Leary dumps Apple stock over transparency concerns: ‘I’ll decide what’s relevant’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: tyler clifford
Keywords: news, cnbc, companies, dumps, unit, know, youre, relevant, kevin, tank, going, transparency, decide, thursdays, whats, stock, ill, apple, dont, oleary, tell, concerns


Kevin O'Leary dumps Apple stock over transparency concerns: 'I'll decide what's relevant'

Kevin O’Leary says it’s going to take a lot for him to invest in Apple again 4 Hours Ago | 04:01

Kevin O’Leary, chairman of O’Shares ETFs and an investor on “Shark Tank,” told CNBC on Monday he dumped Apple stock within “seconds” of the tech giant’s announcement last week that it would stop revealing device unit sales.

“Don’t ever tell me on a call, I don’t care who you are, what I should know and what I shouldn’t,” he said on “Fast Money Halftime Report.” “I’ll decide what’s relevant.”

Apple is a “closed environment” and it has to sell hardware to add and retain services customers,” he argued.

“What do you mean you’re not talking unit sales?” he said, incredulously. “If I don’t know how many you’re selling, I don’t know anything about you anymore.”

During last Thursday’s post-earnings conference call, Apple CFO Luca Maestri said the company would no longer report how many iPhones, iPads, and Macs it sells each quarter, beginning with the December quarter.

“A unit of sale is less relevant for us today than it was in the past,” Maestri said.

On Monday, O’Leary revealed, “It was seconds after that, I exited the stock,” adding he doesn’t own it anymore. “And I’ll tell you why: transparency.”

Since last Thursday’s announcement, shares of Apple have dropped about 9.5 percent and drawn two downgrades from Wall Street analysts.

“It’s going to take a lot to get me back in,” O’Leary said. “This is going to go south now because everybody’s going to try to figure out, ‘How do I measure.'”

— Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: tyler clifford
Keywords: news, cnbc, companies, dumps, unit, know, youre, relevant, kevin, tank, going, transparency, decide, thursdays, whats, stock, ill, apple, dont, oleary, tell, concerns


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Cramer’s lightning round: Costco’s stock ‘fits the pattern’ of what’s OK to buy here

Costco Wholesale Corp.: “I think you can buy a little Costco. So I think it fits the pattern of what I think is OK to buy.” Puma Biotechnology, Inc.: “You know, I have historically liked this, but I’m not going to put a gun to my head. Exact Sciences Corp.: “Good quarter. Align Technology Inc.: “That was not a good quarter.


Costco Wholesale Corp.: “I think you can buy a little Costco. So I think it fits the pattern of what I think is OK to buy.” Puma Biotechnology, Inc.: “You know, I have historically liked this, but I’m not going to put a gun to my head. Exact Sciences Corp.: “Good quarter. Align Technology Inc.: “That was not a good quarter.
Cramer’s lightning round: Costco’s stock ‘fits the pattern’ of what’s OK to buy here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, round, lightning, think, know, fits, quarter, ok, costco, good, say, report, costcos, buy, pattern, whats, liked, corp, going, cramers, stock


Cramer's lightning round: Costco's stock 'fits the pattern' of what's OK to buy here

Costco Wholesale Corp.: “I think you can buy a little Costco. It’s held up the best of any of these. I like Costco, I like Kohl’s and I like Walmart. I think those are all pretty good. I also like Target. So I think it fits the pattern of what I think is OK to buy.”

Puma Biotechnology, Inc.: “You know, I have historically liked this, but I’m not going to put a gun to my head. I want to see what they say [in the Thursday earnings report]. You know how often these things are really dictated by what they report, so to be so presumptuous is to be able to say what they’re going to say ahead of time. I can’t do that.”

Exact Sciences Corp.: “Good quarter. Better than expected. Still a big short position. I liked the numbers.”

XPO Logistics Inc.: “XPO reported after the close and one of their clients filed for bankruptcy and it looks like that’s going to bring the stock down $4. [CEO] Brad Jacobs is doing a good job. I think the weakness caused by this bankruptcy might be an opportunity to buy.”

Align Technology Inc.: “That was not a good quarter. This did surprise me. Finally the competition is coming up to them and there are other companies that want to be against Invisalign and they did not do the number and that was shocking to me.”


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, round, lightning, think, know, fits, quarter, ok, costco, good, say, report, costcos, buy, pattern, whats, liked, corp, going, cramers, stock


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