India’s Modi begins talks for new cabinet after big election win

Prime Minister Narendra Modi addresses his supporters during Sankalp Rally at Gandhi Maidan on March 3, 2019 in Patna, India. Indian Prime Minister Narendra Modi will hold talks on Friday to form a new cabinet to tackle a stuttering economy and other challenges facing his second term after winning a big majority. The BJP would have the first back-to-back majority in the lower house of parliament for a single party since 1984. After a rancorous and a polarizing election campaign, the focus shifts


Prime Minister Narendra Modi addresses his supporters during Sankalp Rally at Gandhi Maidan on March 3, 2019 in Patna, India. Indian Prime Minister Narendra Modi will hold talks on Friday to form a new cabinet to tackle a stuttering economy and other challenges facing his second term after winning a big majority. The BJP would have the first back-to-back majority in the lower house of parliament for a single party since 1984. After a rancorous and a polarizing election campaign, the focus shifts
India’s Modi begins talks for new cabinet after big election win Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, prime, election, begins, cabinet, wrote, won, big, talks, narendra, bjp, minister, economy, win, party, modi, indias


India's Modi begins talks for new cabinet after big election win

Prime Minister Narendra Modi addresses his supporters during Sankalp Rally at Gandhi Maidan on March 3, 2019 in Patna, India.

Indian Prime Minister Narendra Modi will hold talks on Friday to form a new cabinet to tackle a stuttering economy and other challenges facing his second term after winning a big majority.

Official data from the Election Commission showed Modi’s Bharatiya Janata Party had won 296 of the 542 seats up for grabs and was ahead in seven more, up from the 282 it won in 2014.

The BJP would have the first back-to-back majority in the lower house of parliament for a single party since 1984. Votes will be fully counted by Friday morning.

After a rancorous and a polarizing election campaign, the focus shifts back to an economy that is slowing, even as the U.S.-China trade war rages and global oil prices tick higher.

“While the macroeconomic picture looks stable and promising, many important segments need support from the government,” BJP General Secretary Ram Madhav wrote in a column in the Indian Express daily.


Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, prime, election, begins, cabinet, wrote, won, big, talks, narendra, bjp, minister, economy, win, party, modi, indias


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Cramer: Target’s Q1 shows it has a recipe to beat Amazon and win in retail

Target’s nascent delivery service and small-format stores have produced results “nothing short of astounding,” CNBC’s Jim Cramer said. “They’ve figured out to beat all their opponents, from Walmart to Amazon to everyone inside and outside the mall, ” Cramer said. Target was able to boost traffic during a time when many retailers blamed unfavorable weather for weaker sales, Cramer said. Last year Target acquired personal shopping and delivery service Shipt for $550 million. Half of Target’s onlin


Target’s nascent delivery service and small-format stores have produced results “nothing short of astounding,” CNBC’s Jim Cramer said. “They’ve figured out to beat all their opponents, from Walmart to Amazon to everyone inside and outside the mall, ” Cramer said. Target was able to boost traffic during a time when many retailers blamed unfavorable weather for weaker sales, Cramer said. Last year Target acquired personal shopping and delivery service Shipt for $550 million. Half of Target’s onlin
Cramer: Target’s Q1 shows it has a recipe to beat Amazon and win in retail Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: tyler clifford
Keywords: news, cnbc, companies, delivery, targets, target, q1, company, shows, cramer, sales, retail, beat, told, win, recipe, stores, service, amazon


Cramer: Target's Q1 shows it has a recipe to beat Amazon and win in retail

Target’s nascent delivery service and small-format stores have produced results “nothing short of astounding,” CNBC’s Jim Cramer said.

The “Mad Money” host applauded CEO Brian Cornell and Target leadership after the company’s fiscal first-quarter report, released Wednesday morning.

“They’ve figured out to beat all their opponents, from Walmart to Amazon to everyone inside and outside the mall, ” Cramer said.

Same-store sales grew 4.8% and digital sales surged 42% during the three-month period ended May 4. Target was able to boost traffic during a time when many retailers blamed unfavorable weather for weaker sales, Cramer said.

The retail giant’s investments in both same-day distribution and smaller store sizes are showing signs of success.

Last year Target acquired personal shopping and delivery service Shipt for $550 million. Customers can order and receive their items within hours from 1,500 locations across 250 markets, Cramer said. Curbside pickup is also available at 1,250 shops.

Half of Target’s online sales during the quarter were through same-day channels — both Shipt delivery or curbside pickup, the host said. That’s up from 28% during the same period the year prior.

“Shipt is a subscription service that costs $99 a year. You know, it’s a lot like Amazon Prime, but you know what I could argue it’s cheaper and better,” Cramer said. “Target’s gutsy decision to make its stores the centerpiece of the fulfillment system — a lot of people questioned that one — brilliant move.”

Target also began scaling its small-store model in 2018 to reach customers in urban regions and draw young shoppers into its buildings. The big-box chain has plans to open 130 of these brick-and-mortar establishments — usually about 40,000 square feet compared to its traditional 100,000-plus-square-foot stores — by the end of 2019.

The move has made Target “fun” to visit, Cramer said.

“Whenever I go somewhere new, I always hope I’ll run into a Target, especially that small-format one,” he said.

Amazon Go’s cashierless store model is “a terrific novelty, quite intimidating by the way, but I much prefer going into the Targets to see what they have that I might not be looking for.”

On the company’s Wednesday morning earnings call, CEO Cornell told shareholders the company made “bold changes” in past years that “explicitly focused on taking a different path than our competition,” as most retailers downsize their footprints.

He later told analysts that “you’re seeing the emergence of winners who have been investing in their business, that are adapting to this new omni-channel environment.”

Cramer said it’s no surprise that the stock surged 7.78% during the session.

Target estimates fiscal second-quarter comparable sales growth will land in the low- to mid-single digit range. The company is projecting adjusted earnings per share in the range of $1.52 to $1.72. The company projects full-year EPS between $5.75 and $6.05.

Disclosure: Cramer’s charitable trust owns shares of Amazon.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: tyler clifford
Keywords: news, cnbc, companies, delivery, targets, target, q1, company, shows, cramer, sales, retail, beat, told, win, recipe, stores, service, amazon


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A restaurant mistakenly served up a $5,700 bottle of wine. But turned it into a social media win

Media experts have lauded a restaurant’s very public response to an expensive mistake made by one of its staff members. A diner at the big-budget Hawksmoor restaurant in Manchester, U.K., was accidentally served up an extremely expensive bottle of Chateau le Pin Pomerol 2001. The bottle of wine was worth £4,500 ($5,700) but the customer had ordered one worth a fraction of the price. Jennifer Glass, CEO at consultancy Business Growth Strategies told CNBC Friday that the restaurant may have genera


Media experts have lauded a restaurant’s very public response to an expensive mistake made by one of its staff members. A diner at the big-budget Hawksmoor restaurant in Manchester, U.K., was accidentally served up an extremely expensive bottle of Chateau le Pin Pomerol 2001. The bottle of wine was worth £4,500 ($5,700) but the customer had ordered one worth a fraction of the price. Jennifer Glass, CEO at consultancy Business Growth Strategies told CNBC Friday that the restaurant may have genera
A restaurant mistakenly served up a $5,700 bottle of wine. But turned it into a social media win Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, turned, restaurant, social, media, mistakenly, 5700, expensive, staff, accidentally, uk, win, worth, twitter, told, served, bottle, wine


A restaurant mistakenly served up a $5,700 bottle of wine. But turned it into a social media win

Media experts have lauded a restaurant’s very public response to an expensive mistake made by one of its staff members.

A diner at the big-budget Hawksmoor restaurant in Manchester, U.K., was accidentally served up an extremely expensive bottle of Chateau le Pin Pomerol 2001. The bottle of wine was worth £4,500 ($5,700) but the customer had ordered one worth a fraction of the price.

The restaurant then tweeted about the incident.

“To the customer who accidentally got given a bottle of Chateau le Pin Pomerol 2001, which is £4,500 on our menu, last night — hope you enjoyed your evening!” the tweet said. “To the member of staff who accidentally gave it away, chin up! One-off mistakes happen and we love you anyway.”

The tweet quickly went viral and has been discussed and reported by media outlets all around the world.

The story was helped in no small measure by U.K. broadcaster Piers Morgan, who has more than 6 million followers on his Twitter account.

Morgan asked if he could reserve a table with the same waiter although it should be noted it was the restaurant manager who made the error.

The restaurant’s upbeat response to the bad news coupled with the crucial retweet has helped turn an apparent financial loss into something of a marketing coup.

Jennifer Glass, CEO at consultancy Business Growth Strategies told CNBC Friday that the restaurant may have generated “millions” in media worth for just £4,500.

“What happened here is another example of creating more visibility for a business,” she said, adding that the misplaced coffee cup in a recent “Game of Thrones” episode may have given Starbucks as much as $2 billion in free advertising.

April Rudin, the founder & CEO at marketing firm The Rudin Group, told CNBC Friday that the restaurant had enjoyed a “one-two punch when the social media stars had aligned,” and the firm had leveraged the power of Twitter in real time.

On Twitter, the manager of a rival hotel also congratulated Hawksmoor’s deft handling of the situation.

While social media consultant Rob Knowles wondered aloud if the original story might have even been made up.

Whatever the origin, it appears the staff member’s job is not at risk. In an interview with The Washington Post, co-owner Will Beckett said that it was the kind of “expensive mistake” that he could see himself doing.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, turned, restaurant, social, media, mistakenly, 5700, expensive, staff, accidentally, uk, win, worth, twitter, told, served, bottle, wine


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Trump says if Fed cuts interest rates, US will win trade war: ‘It would be game over, we win!’

President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S. He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!” The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the


President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S. He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!” The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the
Trump says if Fed cuts interest rates, US will win trade war: ‘It would be game over, we win!’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff cox
Keywords: news, cnbc, companies, war, worth, winthe, trump, latest, cut, rates, fed, rate, trade, interest, china, cuts, president, white, game, washington, win


Trump says if Fed cuts interest rates, US will win trade war: 'It would be game over, we win!'

President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S.

In a tweet that amounted to the latest salvo in the tariff dispute between the two nations, the president ramped up his pressure on the Fed to ease monetary policy.

He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!”

The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the theft of intellectual property. As recent talks stalled, China retaliated against Trump’s latest round of tariffs, announcing plans Monday to slap new levies on $60 billion worth of American goods.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff cox
Keywords: news, cnbc, companies, war, worth, winthe, trump, latest, cut, rates, fed, rate, trade, interest, china, cuts, president, white, game, washington, win


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Cersei Lannister has one major leadership flaw that could cost her the Iron Throne

Cersei Lannister has one major leadership flaw that could cost her the Iron Throne5 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Bruce Craven, author of “Win or Die: Leadership Secrets from Game of Thrones” has watched all episodes of the hit HBO show three times, read the novels twice and studied the characters’ strengths and weaknesses. He believes


Cersei Lannister has one major leadership flaw that could cost her the Iron Throne5 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Bruce Craven, author of “Win or Die: Leadership Secrets from Game of Thrones” has watched all episodes of the hit HBO show three times, read the novels twice and studied the characters’ strengths and weaknesses. He believes
Cersei Lannister has one major leadership flaw that could cost her the Iron Throne Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10
Keywords: news, cnbc, companies, flash, leadership, cost, enabled, lannister, major, iron, browser, throne, flaw, cersei, weaknesses, win


Cersei Lannister has one major leadership flaw that could cost her the Iron Throne

Cersei Lannister has one major leadership flaw that could cost her the Iron Throne

5 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Bruce Craven, author of “Win or Die: Leadership Secrets from Game of Thrones” has watched all episodes of the hit HBO show three times, read the novels twice and studied the characters’ strengths and weaknesses. He believes that Cersei Lannister has some redeeming qualities as a leader, but she also has one major flaw.


Company: cnbc, Activity: cnbc, Date: 2019-05-10
Keywords: news, cnbc, companies, flash, leadership, cost, enabled, lannister, major, iron, browser, throne, flaw, cersei, weaknesses, win


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China’s $670 billion ‘sheconomy’ is growing like crazy

A “sheconomy” is booming in China, driven by a seismic shift in younger women’s spending habits. “Those who win over women’s hearts win it all” is now an oft-repeated business slogan across the Asian giant. Overall spending by Chinese women is estimated to have increased 81% in the past five years to $670 billion, according to Guotai Junan, one of the country’s largest investment banks and securities companies. In 2013, China’s online retail sales totaled $280 billion, but that figure ballooned


A “sheconomy” is booming in China, driven by a seismic shift in younger women’s spending habits. “Those who win over women’s hearts win it all” is now an oft-repeated business slogan across the Asian giant. Overall spending by Chinese women is estimated to have increased 81% in the past five years to $670 billion, according to Guotai Junan, one of the country’s largest investment banks and securities companies. In 2013, China’s online retail sales totaled $280 billion, but that figure ballooned
China’s $670 billion ‘sheconomy’ is growing like crazy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: dawn liu, ryan browne, cnbccom with reuters
Keywords: news, cnbc, companies, 670, online, women, win, chinese, chinas, crazy, growing, spending, shopping, womens, sheconomy, billion, sales, according


China's $670 billion 'sheconomy' is growing like crazy

A “sheconomy” is booming in China, driven by a seismic shift in younger women’s spending habits.

“Those who win over women’s hearts win it all” is now an oft-repeated business slogan across the Asian giant.

Overall spending by Chinese women is estimated to have increased 81% in the past five years to $670 billion, according to Guotai Junan, one of the country’s largest investment banks and securities companies.

And despite China’s gender imbalance — there were 31.6 million more males than females at the end of last year, according to official government figures — women account for 55% of online spending, significantly more than their proportion of the population.

A host of online shopping events — dubbed “queen festival,” “goddess festival,” or “butterfly festival” — offer dazzling coupons and discounts as retailers battle to win over women.

Such promotions appear to be working.

International Women’s Day, which is meant to celebrate women’s rights and push for gender equality, has also been turned into an excuse for a massive shopping spree in China. Over the course of three years ending in 2017, female users’ spending increased by 64% on International Women’s Day on Alibaba’s Taobao, China’s biggest online marketplace.

Around 35% of China’s retail sales happen online — by far, the highest rate in the world, according to eMarketer, a New York-based research company. By comparison, e-commerce represents only 10.9% of U.S. sales, the firm says.

In 2013, China’s online retail sales totaled $280 billion, but that figure ballooned to $1.34 trillion in 2018, according to Ministry of Commerce statistics.

Qiu Xiaodong, an economics professor at Beijing’s Jiaotong University, believes broader cultural trends have driven a “fundamental shift” in women’s spending patterns.

“The new generation, girls born in the ’80s and ’90s, live in a time when the country’s economy is growing, their income is growing, and then their parents’ consumption power and consumption concept are changing,” Qiu said.

Wei Sijia, 26, a Chinese fashion blogger and influencer, boasts 2 million followers on social media platforms.

Her posts aim to convince fans to buy the same products she uses, from makeup and skincare products to clothes.

Wei says 92% of her followers are women. And women are the holy grail for Chinese retailers.

“They are well-educated, have a good taste and powerful consuming ability,” Wei said, adding that women in their 20s and 30s “are now growing to be the new middle-class in Chinese society.”

Song Yining, 25, is a kindergarten teacher living in south China’s Fujian province who admits that she sometimes regrets impulse purchases.

When asked why she loves shopping, Song said it makes her “feel happy, fulfilled and confident.”

She added: “I can see the change in myself. When I wear nice clothes and a little makeup, I look prettier.”

To Lu Pin, a U.S.-based Chinese feminist, that’s the exactly the problem.

She thinks shopping festivals targeted at women are “commercial trap” that are “consuming women’s self-awareness.”

Lu believes the obsession with shopping leaves women “nothing but a bunch of daily commodities; not much value for themselves but a lot of money for Taobao.”


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: dawn liu, ryan browne, cnbccom with reuters
Keywords: news, cnbc, companies, 670, online, women, win, chinese, chinas, crazy, growing, spending, shopping, womens, sheconomy, billion, sales, according


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Sansa is the best leader on ‘Game of Thrones,’ says Columbia Business School professor

Jon Snow, Daenerys Targaryen and Cersei Lannister get a lot of attention as the heroes, or antiheroes, of the HBO show “Game of Thrones.” But Bruce Craven, Columbia Business School professor and author of “Win or Die: Leadership Secrets from Game of Thrones,” tells CNBC Make It that the character with the best leadership qualities is none other than Sansa Stark. She lost much of her family. “Yet she managed to learn from very difficult, treacherous people and, at the same time, stay true to her


Jon Snow, Daenerys Targaryen and Cersei Lannister get a lot of attention as the heroes, or antiheroes, of the HBO show “Game of Thrones.” But Bruce Craven, Columbia Business School professor and author of “Win or Die: Leadership Secrets from Game of Thrones,” tells CNBC Make It that the character with the best leadership qualities is none other than Sansa Stark. She lost much of her family. “Yet she managed to learn from very difficult, treacherous people and, at the same time, stay true to her
Sansa is the best leader on ‘Game of Thrones,’ says Columbia Business School professor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jordan mcdonald
Keywords: news, cnbc, companies, business, game, managed, craven, professor, leader, win, school, columbia, best, family, leadership, thrones, sansa, westeros, winterfell


Sansa is the best leader on 'Game of Thrones,' says Columbia Business School professor

Jon Snow, Daenerys Targaryen and Cersei Lannister get a lot of attention as the heroes, or antiheroes, of the HBO show “Game of Thrones.” But Bruce Craven, Columbia Business School professor and author of “Win or Die: Leadership Secrets from Game of Thrones,” tells CNBC Make It that the character with the best leadership qualities is none other than Sansa Stark.

Various characters from all over the seven kingdoms have maneuvered and manipulated their way around each other in their pursuit for power since the show debuted in 2011, but Sansa has succeeded where many of her friends — and enemies — have not.

“She confronted horrible challenges. She lost much of her family. She was isolated,” says Craven. “Yet she managed to learn from very difficult, treacherous people and, at the same time, stay true to her values about protecting her family.”

She has managed to survive devastating conflict in Westeros, help reunite her family and bring stability back to Winterfell.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jordan mcdonald
Keywords: news, cnbc, companies, business, game, managed, craven, professor, leader, win, school, columbia, best, family, leadership, thrones, sansa, westeros, winterfell


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Stocks making the biggest moves after hours: Apple, AMD, Mondelez and more

Stephen Moore’s Fed nomination could be doomed as GOP senators…Sen. Joni Ernst, the Iowa Republican, said she likely will not vote for Moore and also said she does not believe he currently has the votes to win approval in the Senate. Politicsread more


Stephen Moore’s Fed nomination could be doomed as GOP senators…Sen. Joni Ernst, the Iowa Republican, said she likely will not vote for Moore and also said she does not believe he currently has the votes to win approval in the Senate. Politicsread more
Stocks making the biggest moves after hours: Apple, AMD, Mondelez and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, votes, stephen, mondelez, biggest, senatepoliticsread, hours, apple, vote, moves, nomination, moore, senatorssen, moores, republican, win, stocks, making, amd


Stocks making the biggest moves after hours: Apple, AMD, Mondelez and more

Stephen Moore’s Fed nomination could be doomed as GOP senators…

Sen. Joni Ernst, the Iowa Republican, said she likely will not vote for Moore and also said she does not believe he currently has the votes to win approval in the Senate.

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, votes, stephen, mondelez, biggest, senatepoliticsread, hours, apple, vote, moves, nomination, moore, senatorssen, moores, republican, win, stocks, making, amd


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Trump pick Stephen Moore’s Fed nomination could be doomed as GOP senators criticize his past statements

Ernst also said she has told the White House about her concerns with Moore. Ernst’s chilly view of Moore came shortly after fellow GOP Sen. Lindsey Graham of South Carolina told reporters that Moore being named to the Fed will be “a very problematic nomination.” Moore, who has echoed Trump’s criticism of the Fed for hiking interest rates last year, cannot afford to lose four Republican senators’ support if he hopes to survive the nomination process. Senate Majority Leader Mitch McConnell, R-Ky.,


Ernst also said she has told the White House about her concerns with Moore. Ernst’s chilly view of Moore came shortly after fellow GOP Sen. Lindsey Graham of South Carolina told reporters that Moore being named to the Fed will be “a very problematic nomination.” Moore, who has echoed Trump’s criticism of the Fed for hiking interest rates last year, cannot afford to lose four Republican senators’ support if he hopes to survive the nomination process. Senate Majority Leader Mitch McConnell, R-Ky.,
Trump pick Stephen Moore’s Fed nomination could be doomed as GOP senators criticize his past statements Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: dan mangan
Keywords: news, cnbc, companies, stephen, nominated, pick, vote, moore, nomination, past, writings, moores, trump, fed, republican, senators, win, women, statements, ernst, gop


Trump pick Stephen Moore's Fed nomination could be doomed as GOP senators criticize his past statements

“Oh, Stephen Moore?” Ernst said when NBC News asked about his nomination. “I am going to make a comment there: Very unlikely that I would support that person.” Ernst also said she has told the White House about her concerns with Moore.

Sen. Joni Ernst, an Iowa Republican, said she likely will not vote for Moore and also said she does not believe he currently has the votes to win approval in the Senate.

President Donald Trump’s plan to name conservative pundit Stephen Moore to the Federal Reserve Board could be doomed to failure, as a number of Republican senators were cool to his bid Tuesday because of his past sarcastic writings about women and other issues.

Ernst’s chilly view of Moore came shortly after fellow GOP Sen. Lindsey Graham of South Carolina told reporters that Moore being named to the Fed will be “a very problematic nomination.”

Moore, who has echoed Trump’s criticism of the Fed for hiking interest rates last year, cannot afford to lose four Republican senators’ support if he hopes to survive the nomination process. Republicans hold a 53-47 edge in the chamber.

Trump’s other recent Fed pick, businessman and former presidential candidate Herman Cain, recently dropped out from contention after it became clear he lacked enough Republican support in the Senate to win approval.

Senate Majority Leader Mitch McConnell, R-Ky., gave a tepid response when reporters asked him about Moore, whose nomination has yet to be formally submitted to the Senate.

“Well, we’re happy to receive nominations when we get them, there are a lot of people who are being considered for all kinds of positions that are not yet nominated,” McConnell said. “And if he is nominated we’ll cross that bridge when we get there.”

The choice of Moore for the central bank has been controversial from the start because of concerns he would be too apt to do what Trump wanted on the Fed board, and because of his track record on economic predictions. On Tuesday, Moore told CNBC’s “Squawk Box ” that declining earnings among men is the biggest challenge facing the economy.

His bid has come under more fire in recent weeks with disclosures of his having had a $75,000 income tax lien, being found in contempt of court for shorting his ex-wife on more than $300,000 in a divorce settlement, and writing humor columns about women.

In one column, Moore said women should not be allowed to referee men’s basketball games in the NCAA tournament, and in another said that if women earned more than their husbands if could “be disruptive to family stability.”

Sen Shelley Moore Capito, R-W.Va., said, “I think his statements definitely” are of concern.

“”So we’ll have to see — if he gets nominated and then what he says before the committee,” Capito said.

“It’s hard to look past some of those” writings, she said.

Ernst also had mentioned Moore’s writings on Tuesday.

“I’m not enthused about what he has said in various articles,” Ernst said, according to the Bloomberg news service. “I think it’s ridiculous.”

“It looks like drip by drip,” Sen. Richard Shelby, R-Ala., said of the stories about Moore, Bloomberg reported. Shelby also said he thinks Moore’s nomination has “some problems.”

Sen Marsha Blackburn, R-Tenn, said, “If he is nominated then I will visit with him.””

“Of course his comments are something that are not good and you can guarantee, big guarantee, absolutely without fail, if I visit him that would be a topic of discussion,” Blackburn said.The GOP has a three-seat majority in the Senate, but every Democrat and independent are likely to vote against Moore.

Moore could win confirmation if only three Republicans voted against him — given Vice President Mike Pence’s power to break a tie, 50-50 vote — but his bid for a Fed seat could be doomed if four GOP members come out against him.

WATCH: CNBC’s full interview with Stephen Moore


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: dan mangan
Keywords: news, cnbc, companies, stephen, nominated, pick, vote, moore, nomination, past, writings, moores, trump, fed, republican, senators, win, women, statements, ernst, gop


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European markets eke gains after Spain’s Socialists win snap election

European stocks closed a touch higher on Monday, after weak euro zone data exacerbated fears over the outlook for the global economy. The pan-European Stoxx 600 ended .06 percent just above the flatline on Monday with sectors pointing in opposite directions. Official data published Monday showed euro zone economic sentiment slipped for the 10th consecutive month to its lowest level in more than two years in April. The agency is giving more time for Rome’s populist government to implement policie


European stocks closed a touch higher on Monday, after weak euro zone data exacerbated fears over the outlook for the global economy. The pan-European Stoxx 600 ended .06 percent just above the flatline on Monday with sectors pointing in opposite directions. Official data published Monday showed euro zone economic sentiment slipped for the 10th consecutive month to its lowest level in more than two years in April. The agency is giving more time for Rome’s populist government to implement policie
European markets eke gains after Spain’s Socialists win snap election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, socialists, markets, output, snap, global, spains, gains, stocks, slipped, european, fell, eke, shares, election, win, euro, sentiment, zone


European markets eke gains after Spain's Socialists win snap election

European stocks closed a touch higher on Monday, after weak euro zone data exacerbated fears over the outlook for the global economy.

The pan-European Stoxx 600 ended .06 percent just above the flatline on Monday with sectors pointing in opposite directions.

Official data published Monday showed euro zone economic sentiment slipped for the 10th consecutive month to its lowest level in more than two years in April. Sentiment in the bloc fell to 104.0 points in April, down from 105.6 in March, as managers in the industry and retail sector became more downbeat.

Oil and gas stocks struggled, down more than 1% shortlya fter 4p.m. London time. This comes after the oil price continued a slump after President Donald Trump claimed that he demanded OPEC raise output to soften the impact of U.S. sanctions against Iran.

Meanwhile, Europe’s banking index was one of the few sectoral gainers, up around 0.5% after S&P Global affirmed Italy’s credit rating at BBB on Friday. The agency is giving more time for Rome’s populist government to implement policies to address the country’s economic woes. Banco BPM and UBI Banca both finished up around 3.5 % on the news.

Looking at individual stocks, Germany’s Bayer slumped toward the bottom of the European benchmark. On Saturday, the firm’s supervisory board said it stands behind the management after a majority of shareholders refused to ratify management’s actions in 2018. Shares of Bayer slipped over 3.5%.

Sticking with Germany, chemicals maker Covestro said Monday core profit tumbled 58% over the first three months of 2019, with product prices under pressure as rivals bolster their output. Shares of the company fell more than 1.2%.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: chloe taylor sam meredith, chloe taylor, sam meredith
Keywords: news, cnbc, companies, socialists, markets, output, snap, global, spains, gains, stocks, slipped, european, fell, eke, shares, election, win, euro, sentiment, zone


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