Cramer urges investors to give new Lowe’s CEO more time to fix things as shares plummet

CNBC’s Jim Cramer on Wednesday urged investors not to bail on Lowe’s new CEO Marvin Ellison after the home improvement giant reported disappointing earnings that led to a major sell-off in the stock. “People have written off Ellison but he’s been there for five minutes,” Cramer told CNBC’s “Squawk Box. ” Exactly one year ago, Lowe’s announced that Ellison would take over as CEO, effective July 2018, poaching him from the C-suite at J.C. Penney. Lowe’s should be back to meeting Wall Street expect


CNBC’s Jim Cramer on Wednesday urged investors not to bail on Lowe’s new CEO Marvin Ellison after the home improvement giant reported disappointing earnings that led to a major sell-off in the stock. “People have written off Ellison but he’s been there for five minutes,” Cramer told CNBC’s “Squawk Box. ” Exactly one year ago, Lowe’s announced that Ellison would take over as CEO, effective July 2018, poaching him from the C-suite at J.C. Penney. Lowe’s should be back to meeting Wall Street expect
Cramer urges investors to give new Lowe’s CEO more time to fix things as shares plummet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, ceo, companys, shares, plummet, cnbcs, lowes, cramer, investors, things, ellison, jc, improvement, earnings, fix, written, urges


Cramer urges investors to give new Lowe's CEO more time to fix things as shares plummet

CNBC’s Jim Cramer on Wednesday urged investors not to bail on Lowe’s new CEO Marvin Ellison after the home improvement giant reported disappointing earnings that led to a major sell-off in the stock.

“People have written off Ellison but he’s been there for five minutes,” Cramer told CNBC’s “Squawk Box. ”

Exactly one year ago, Lowe’s announced that Ellison would take over as CEO, effective July 2018, poaching him from the C-suite at J.C. Penney. Prior to J.C. Penny, he spent 12 years at Lowe’s rival Home Depot.

Lowe’s should be back to meeting Wall Street expectations by its third quarter, the “Mad Money” host said, echoing a similar prediction from Ellison.

Ellison said, in the company’s earnings news release, “We are still in the early stages of our transformation, and with the changes we are putting in place. We expect to deliver improved gross margin performance over the balance of the year.” He also said, “The unanticipated impact of the convergence of cost pressure, significant transition in our merchandising organization, and ineffective legacy pricing tools” as being behind the company’s missed earnings.

Most of these mistakes were brought over from past executives, Cramer said. “Marvin’s doing everything he has to do,” he added. “I think the hand he got wasn’t so great.”

Lowe’s shares were falling about 10% Wednesday, as higher costs weighed on its fiscal first-quarter earnings, which fell short of estimates, and prompted the home improvement retailer to cut its forecast for the year.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, ceo, companys, shares, plummet, cnbcs, lowes, cramer, investors, things, ellison, jc, improvement, earnings, fix, written, urges


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Billionaire Warren Buffett has a ‘simple’ test for making tough decisions—here’s how it works

Achieving success and making tough decisions go hand in hand. So what’s the best way to make ethical decisions during tough times? That’s a question one student asked Warren Buffett at a 2005 Q&A session with Microsoft co-founder Bill Gates at the University of Nebraska-Lincoln. The ‘newspaper test’One would imagine that it’s no easy task managing Berkshire Hathaway’s 360,000 employees and making sure that all managers are making ethical decisions. And being the great leader that he is, Buffett


Achieving success and making tough decisions go hand in hand. So what’s the best way to make ethical decisions during tough times? That’s a question one student asked Warren Buffett at a 2005 Q&A session with Microsoft co-founder Bill Gates at the University of Nebraska-Lincoln. The ‘newspaper test’One would imagine that it’s no easy task managing Berkshire Hathaway’s 360,000 employees and making sure that all managers are making ethical decisions. And being the great leader that he is, Buffett
Billionaire Warren Buffett has a ‘simple’ test for making tough decisions—here’s how it works Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: tom popomaronis
Keywords: news, cnbc, companies, reputation, warren, test, thats, making, decisionsheres, newspaper, tough, written, managers, billionaire, buffett, works, decisions, simple


Billionaire Warren Buffett has a 'simple' test for making tough decisions—here's how it works

Achieving success and making tough decisions go hand in hand. So what’s the best way to make ethical decisions during tough times? That’s a question one student asked Warren Buffett at a 2005 Q&A session with Microsoft co-founder Bill Gates at the University of Nebraska-Lincoln. It all comes down to reputation, the billionaire told the audience. Integrity and ethics are essential for building a solid, positive reputation. They also indicate trust and adherence to high moral standards. “We have all the money we need,” Buffett said, referring to himself and Gates. “While we’d like to have more, we can afford to lose money. But we can’t afford to lose reputation. Not a shred.”

The ‘newspaper test’

One would imagine that it’s no easy task managing Berkshire Hathaway’s 360,000 employees and making sure that all managers are making ethical decisions. But Buffett has a smart strategy for this: “I ask the managers to judge every action they take — not just by legal standards, though obviously that’s the first test — but also by what I call the ‘newspaper test.'” If a manager expresses uncertainty, Buffett says he asks them how they “would feel about any given action if they know it was to be written up the next day in their local newspaper.” He tells them that the article would be “written by a smart but pretty unfriendly reporter” and read by their family, friends and neighbors. “It’s pretty simple,” he says. “If [the decision] passes that test, it’s okay. If anything is too close to the lines, it’s out.”

And being the great leader that he is, Buffett says his managers can call him if they want to check on something. “But if they do, there’s probably something wrong with them,” he jokes.

The ‘inner scorecard’


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: tom popomaronis
Keywords: news, cnbc, companies, reputation, warren, test, thats, making, decisionsheres, newspaper, tough, written, managers, billionaire, buffett, works, decisions, simple


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Ex-U.S. Navy officer: How to write emails with military precision and command

A vaguely written and poorly formatted email will most likely get lost in the shuffle or ignored (at least for a couple of days). So if you want to start writing strong emails that command attention, look no further than the U.S. military. For decades, the U.S. Air Force has relied on “The Tongue and Quill,” a manual on how to communicate efficiently. “Since returning from duty, I’ve applied these lessons to emails that I write for my corporate job,” Seghal wrote in an article published in Harva


A vaguely written and poorly formatted email will most likely get lost in the shuffle or ignored (at least for a couple of days). So if you want to start writing strong emails that command attention, look no further than the U.S. military. For decades, the U.S. Air Force has relied on “The Tongue and Quill,” a manual on how to communicate efficiently. “Since returning from duty, I’ve applied these lessons to emails that I write for my corporate job,” Seghal wrote in an article published in Harva
Ex-U.S. Navy officer: How to write emails with military precision and command Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: david neagle, j fletcher
Keywords: news, cnbc, companies, navy, writing, emails, command, seghal, officer, write, wrote, duty, exus, precision, written, lessons, vice, military, veteran


Ex-U.S. Navy officer: How to write emails with military precision and command

A vaguely written and poorly formatted email will most likely get lost in the shuffle or ignored (at least for a couple of days). So if you want to start writing strong emails that command attention, look no further than the U.S. military.

For decades, the U.S. Air Force has relied on “The Tongue and Quill,” a manual on how to communicate efficiently. During his active duty service, Kabir Seghal, a U.S. Navy veteran and former vice president at J.P. Morgan, says the training helped him learn how to structure emails that maximized a mission’s chances of success.

“Since returning from duty, I’ve applied these lessons to emails that I write for my corporate job,” Seghal wrote in an article published in Harvard Business Review. “My missives have consequently become crisper and cleaner, eliciting quicker and higher-quality responses from colleagues and clients.”

Here are Seghal’s top lessons on writing emails with “military precision”:


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: david neagle, j fletcher
Keywords: news, cnbc, companies, navy, writing, emails, command, seghal, officer, write, wrote, duty, exus, precision, written, lessons, vice, military, veteran


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Nine dead, including 5 children, in Brazil shooting; 17 others also shot

At least 17 other people, mostly children, were also shot at the Raul Brasil elementary school and taken to hospitals, police said in a written statement. School shootings are rare in Brazil, even though the country is one of the world’s most violent, with more annual homicides than any other. The last major school shooting was in 2011, when 12 children were shot dead by a former pupil in Rio de Janeiro. Police said that two adolescents wearing face masks entered the building and started shootin


At least 17 other people, mostly children, were also shot at the Raul Brasil elementary school and taken to hospitals, police said in a written statement. School shootings are rare in Brazil, even though the country is one of the world’s most violent, with more annual homicides than any other. The last major school shooting was in 2011, when 12 children were shot dead by a former pupil in Rio de Janeiro. Police said that two adolescents wearing face masks entered the building and started shootin
Nine dead, including 5 children, in Brazil shooting; 17 others also shot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: mauricio sumiya futura press, associated press
Keywords: news, cnbc, companies, written, brazil, wearing, school, including, raul, 17, brasil, shooting, shot, worlds, dead, children


Nine dead, including 5 children, in Brazil shooting; 17 others also shot

At least 17 other people, mostly children, were also shot at the Raul Brasil elementary school and taken to hospitals, police said in a written statement.

The state of their health was not immediately known. School shootings are rare in Brazil, even though the country is one of the world’s most violent, with more annual homicides than any other.

The last major school shooting was in 2011, when 12 children were shot dead by a former pupil in Rio de Janeiro.

While gun laws are extremely strict in Brazil, it is not difficult to illegally purchase a weapon.

Police said that two adolescents wearing face masks entered the building and started shooting at about 9:30 a.m. local time. The pair eventually shot and killed themselves.

Another shooting took place about 500 meters from the Raul Brasil school shortly before the killings at the school, but it was not yet clear if the two incidents were related.

About 1,000 children attend the school, police said.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: mauricio sumiya futura press, associated press
Keywords: news, cnbc, companies, written, brazil, wearing, school, including, raul, 17, brasil, shooting, shot, worlds, dead, children


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Putin asked to take ‘personal control’ of legal case against jailed US investor

A Moscow-based private equity group has written an open letter to Russian President Vladimir Putin, urging him to intervene in the arrest of a U.S. citizen. Now Baring has publicly beseeched Putin to “take personal control of the criminal case” against all six men who remain imprisoned, awaiting trial. Addressing “Dear Vladimir Vladimirovich,” the letter said Putin’s involvement was needed “to ensure a comprehensive, independent and objective investigation of this criminal case.” The online lett


A Moscow-based private equity group has written an open letter to Russian President Vladimir Putin, urging him to intervene in the arrest of a U.S. citizen. Now Baring has publicly beseeched Putin to “take personal control of the criminal case” against all six men who remain imprisoned, awaiting trial. Addressing “Dear Vladimir Vladimirovich,” the letter said Putin’s involvement was needed “to ensure a comprehensive, independent and objective investigation of this criminal case.” The online lett
Putin asked to take ‘personal control’ of legal case against jailed US investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: david reid, bloomberg, getty images
Keywords: news, cnbc, companies, russian, case, vladimir, asked, baring, putin, control, investor, jailed, vostochny, vostok, website, letter, written, criminal, personal, legal


Putin asked to take 'personal control' of legal case against jailed US investor

A Moscow-based private equity group has written an open letter to Russian President Vladimir Putin, urging him to intervene in the arrest of a U.S. citizen.

On February 15, the co-founder of Baring Vostok Michael Calvey, was detained along with five others in relation to the alleged theft of 2.5 billion Russian rubles ($38.3 million).

Now Baring has publicly beseeched Putin to “take personal control of the criminal case” against all six men who remain imprisoned, awaiting trial.

Addressing “Dear Vladimir Vladimirovich,” the letter said Putin’s involvement was needed “to ensure a comprehensive, independent and objective investigation of this criminal case.”

The online letter further explained that the arrests follow a dispute between Baring Vostok funds and Russian businessmen who are shareholders of Vostochny Bank.

Under the letter on the Baring Vostok website, there is an option for people to co-sign the appeal addressed to the Russian leader.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: david reid, bloomberg, getty images
Keywords: news, cnbc, companies, russian, case, vladimir, asked, baring, putin, control, investor, jailed, vostochny, vostok, website, letter, written, criminal, personal, legal


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UK and US regulators build Brexit ‘bridge’ for derivatives

Britain and the United States said on Monday that their regulators are taking every step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit. Derivatives are widely used by companies to hedge themselves against unexpected moves in borrowing costs or prices for raw materials. “Market participants can be confident that the clearing and trading of derivatives between the UK and U.S. will maintain the high standar


Britain and the United States said on Monday that their regulators are taking every step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit. Derivatives are widely used by companies to hedge themselves against unexpected moves in borrowing costs or prices for raw materials. “Market participants can be confident that the clearing and trading of derivatives between the UK and U.S. will maintain the high standar
UK and US regulators build Brexit ‘bridge’ for derivatives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: paul hackett, getty images
Keywords: news, cnbc, companies, derivatives, uk, brexit, rules, clearing, bridge, trading, united, build, york, regulators, britain, written


UK and US regulators build Brexit 'bridge' for derivatives

Britain and the United States said on Monday that their regulators are taking every step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit.

Derivatives are widely used by companies to hedge themselves against unexpected moves in borrowing costs or prices for raw materials.

“Market participants can be confident that the clearing and trading of derivatives between the UK and U.S. will maintain the high standards of today when the UK leaves the EU,” Bank of England Governor Mark Carney said in a statement.

Currently, derivatives trading in Britain conforms to rules written by the European Union, the trading bloc that the United Kingdom is due to leave on March 29.

U.S. and UK regulators told reporters on Monday that the trading and clearing of derivatives transactions in London and New York, two markets that dominate the global sector, would continue under a similar set of rules once Brexit takes place.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: paul hackett, getty images
Keywords: news, cnbc, companies, derivatives, uk, brexit, rules, clearing, bridge, trading, united, build, york, regulators, britain, written


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Social Security expansion bill poised to gain traction in Congress

A recent poll conducted by The Senior Citizens League of its members explored what they thought the new Congress should focus on. Boosting Social Security benefits was cited by 42 percent, followed by reducing taxation of those benefits at 31 percent (reducing prescription drug prices came in third, at 18 percent). “I think there’s a growing sense that something needs to be done,” said Mary Johnson, Social Security and Medicare policy analyst for the league. Biggs was a deputy commissioner of So


A recent poll conducted by The Senior Citizens League of its members explored what they thought the new Congress should focus on. Boosting Social Security benefits was cited by 42 percent, followed by reducing taxation of those benefits at 31 percent (reducing prescription drug prices came in third, at 18 percent). “I think there’s a growing sense that something needs to be done,” said Mary Johnson, Social Security and Medicare policy analyst for the league. Biggs was a deputy commissioner of So
Social Security expansion bill poised to gain traction in Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sarah obrien, photojournalis, getty images
Keywords: news, cnbc, companies, traction, higher, tax, expansion, taxes, house, gain, security, poised, reducing, benefits, bill, workers, social, written, congress


Social Security expansion bill poised to gain traction in Congress

A recent poll conducted by The Senior Citizens League of its members explored what they thought the new Congress should focus on. Boosting Social Security benefits was cited by 42 percent, followed by reducing taxation of those benefits at 31 percent (reducing prescription drug prices came in third, at 18 percent).

“I think there’s a growing sense that something needs to be done,” said Mary Johnson, Social Security and Medicare policy analyst for the league. “It can take time to get legislation with many moving parts up and running, so you need to allow time to phase in changes.”

However, congressional Republicans typically have balked at the idea of expanding the program due to the associated higher taxes that would come with it, and past GOP proposals have advocated reducing benefits as a way to ease the program’s financial woes.

And, not everyone supports a program expansion.

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“Expanding benefits could help low-income retirees, but middle and high-income workers would likely reduce their personal savings in response to higher expected Social Security benefits,” said Andrew Biggs a resident scholar of the American Enterprise Institute, according to written testimony presented at recent congressional hearing about retirement security. Biggs was a deputy commissioner of Social Security under President George W. Bush.

Biggs also said that while tax increases would eliminate shortfalls, higher taxes could increase borrowing and debt by low-income workers and reduce work and encourage tax evasion by higher earners, according to his written testimony.

While it’s not certain whether Larson’s bill would be able to clear the House in its present form anyway, a a Democrat-controlled House bodes well that it could progress.

However, as with most major pieces of legislation, it could go through various iterations before facing approval or rejection by the full House. And even if it made it through, the measure would also need approval from the Republican-dominated Senate, where priorities could be much different.

“If it gets through the House, and then goes to the Senate and doesn’t get brought up for debate or a vote, it’s going to be a 2020 election campaign issue,” Altman said.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sarah obrien, photojournalis, getty images
Keywords: news, cnbc, companies, traction, higher, tax, expansion, taxes, house, gain, security, poised, reducing, benefits, bill, workers, social, written, congress


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John Dowd feared Trump incapable of interview with Robert Mueller

Both of those facts, Dowd argued, would put Trump at a disadvantage at being questioned in detail about items of concern to the special counsel’s team. Dowd suggested that if Trump spoke to Mueller’s team in person he would be putting himself at risk of the special counsel alleging he made false statements. Trump’s current legal team in November gave Mueller’s office written responses from Trump to questions by the special counsel. The rules of the [Justice] department say, no report,” Dowd said


Both of those facts, Dowd argued, would put Trump at a disadvantage at being questioned in detail about items of concern to the special counsel’s team. Dowd suggested that if Trump spoke to Mueller’s team in person he would be putting himself at risk of the special counsel alleging he made false statements. Trump’s current legal team in November gave Mueller’s office written responses from Trump to questions by the special counsel. The rules of the [Justice] department say, no report,” Dowd said
John Dowd feared Trump incapable of interview with Robert Mueller Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: dan mangan, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, special, written, told, team, feared, report, mueller, robert, john, incapable, interview, muellers, dowd, trumps, trump


John Dowd feared Trump incapable of interview with Robert Mueller

Trump’s lawyer floated the idea of pardoning Flynn and Manafort in Russia probe 6:00 PM ET Wed, 28 March 2018 | 00:36

“Matter of fact,” Dowd added, “I told Bob [Mueller]. I said, ‘Why don’t you just let us script it?'”

Dowd said on the podcast that Trump each day reviews a “staggering” amount of information and is dealing with international issues whose signficance dwarfs the importance of the Mueller probe.

Both of those facts, Dowd argued, would put Trump at a disadvantage at being questioned in detail about items of concern to the special counsel’s team.

“In my questioning of him, or talking to him … first question, easy, second question, easy, third question, he wasn’t sure.

Dowd said. “And he doesn’t like being unsure. So he’ll guess. There’s your trap right there.”

“It’s not whether he lies, or not. Everybody wants to get into this you know, this integrity business. It’s not a matter of integrity, it’s overload.”

Dowd noted that Trump and the rest of the president’s legal team, including Rudy Giuliani and Jay Sekulow, ended up following his advice, by having the president answer questions from Mueller in writing, as opposed to in person.

“They never disagreed with me,” said Dowd, who resigned last March as Trump’s lead lawyer for Mueller’s investigation into Russian interference in the 2016 presidential election. The special counsel also is investigating possible collusion by Trump’s campaign in that interference, along with possible obstruction of justice by the president himself.

Dowd suggested that if Trump spoke to Mueller’s team in person he would be putting himself at risk of the special counsel alleging he made false statements.

“Because Flynn, Papadopoulos, Gates,” Dowd said, referring to former national security advisor Michael Flynn, and ex-Trump campaign advisors George Papadopoulos and Rick Gates, all of whom have pleaded guilty to lying to federal investigators.

“I mean, look what Bob’s doing, what I call nickel-dime process crimes,” Dowd said.

“I ran big corruption cases. I didn’t go around, picking scabs and just making any case I could make. If there was a petty case, I shifted it to someone else. I didn’t do it. And that’s where I disagree with Bob.”

Trump’s current legal team in November gave Mueller’s office written responses from Trump to questions by the special counsel.

The White House, Giuliani and a spokesman for Mueller did not immediately respond to a request for comment from CNBC. The special counsel’s office declined to comment.

Dowd told ABC Radio that he does not believe that anything will be made public from any eventual report by Mueller about Trump – other than a statement that the investigation is concluded.

There has been speculation that Mueller will submit a report soon to the Justice Department, and debate over how much or how little of such a report would become public.

“I don’t think there’ll be a report. The rules of the [Justice] department say, no report,” Dowd said. “I will be shocked, if anything regarding the president is made public, other than, ‘We’re done.'”

Trump has repeatedly denied any wrongdoing by himself or his campaign. And he has railed against Mueller’s probe.

When his written answers to Mueller’s questions were being submitted, Trump told reporters: “The lawyers have them. The written answers to the witch hunt that’s been going on forever.”

He added: “No collusion, no nothing.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: dan mangan, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, special, written, told, team, feared, report, mueller, robert, john, incapable, interview, muellers, dowd, trumps, trump


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John Dowd feared Trump incapable of interview with Robert Mueller

Both of those facts, Dowd argued, would put Trump at a disadvantage at being questioned in detail about items of concern to the special counsel’s team. Dowd suggested that if Trump spoke to Mueller’s team in person he would be putting himself at risk of the special counsel alleging he made false statements. Trump’s current legal team in November gave Mueller’s office written responses from Trump to questions by the special counsel. The rules of the [Justice] department say, no report,” Dowd said


Both of those facts, Dowd argued, would put Trump at a disadvantage at being questioned in detail about items of concern to the special counsel’s team. Dowd suggested that if Trump spoke to Mueller’s team in person he would be putting himself at risk of the special counsel alleging he made false statements. Trump’s current legal team in November gave Mueller’s office written responses from Trump to questions by the special counsel. The rules of the [Justice] department say, no report,” Dowd said
John Dowd feared Trump incapable of interview with Robert Mueller Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: dan mangan, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, mueller, special, report, written, incapable, interview, dowd, told, team, feared, trumps, trump, robert, muellers, john


John Dowd feared Trump incapable of interview with Robert Mueller

Trump’s lawyer floated the idea of pardoning Flynn and Manafort in Russia probe 6:00 PM ET Wed, 28 March 2018 | 00:36

“Matter of fact,” Dowd added, “I told Bob [Mueller]. I said, ‘Why don’t you just let us script it?'”

Dowd said on the podcast that Trump each day reviews a “staggering” amount of information and is dealing with international issues whose signficance dwarfs the importance of the Mueller probe.

Both of those facts, Dowd argued, would put Trump at a disadvantage at being questioned in detail about items of concern to the special counsel’s team.

“In my questioning of him, or talking to him … first question, easy, second question, easy, third question, he wasn’t sure.

Dowd said. “And he doesn’t like being unsure. So he’ll guess. There’s your trap right there.”

“It’s not whether he lies, or not. Everybody wants to get into this you know, this integrity business. It’s not a matter of integrity, it’s overload.”

Dowd noted that Trump and the rest of the president’s legal team, including Rudy Giuliani and Jay Sekulow, ended up following his advice, by having the president answer questions from Mueller in writing, as opposed to in person.

“They never disagreed with me,” said Dowd, who resigned last March as Trump’s lead lawyer for Mueller’s investigation into Russian interference in the 2016 presidential election. The special counsel also is investigating possible collusion by Trump’s campaign in that interference, along with possible obstruction of justice by the president himself.

Dowd suggested that if Trump spoke to Mueller’s team in person he would be putting himself at risk of the special counsel alleging he made false statements.

“Because Flynn, Papadopoulos, Gates,” Dowd said, referring to former national security advisor Michael Flynn, and ex-Trump campaign advisors George Papadopoulos and Rick Gates, all of whom have pleaded guilty to lying to federal investigators.

“I mean, look what Bob’s doing, what I call nickel-dime process crimes,” Dowd said.

“I ran big corruption cases. I didn’t go around, picking scabs and just making any case I could make. If there was a petty case, I shifted it to someone else. I didn’t do it. And that’s where I disagree with Bob.”

Trump’s current legal team in November gave Mueller’s office written responses from Trump to questions by the special counsel.

The White House, Giuliani and a spokesman for Mueller did not immediately respond to a request for comment from CNBC. The special counsel’s office declined to comment.

Dowd told ABC Radio that he does not believe that anything will be made public from any eventual report by Mueller about Trump – other than a statement that the investigation is concluded.

There has been speculation that Mueller will submit a report soon to the Justice Department, and debate over how much or how little of such a report would become public.

“I don’t think there’ll be a report. The rules of the [Justice] department say, no report,” Dowd said. “I will be shocked, if anything regarding the president is made public, other than, ‘We’re done.'”

Trump has repeatedly denied any wrongdoing by himself or his campaign. And he has railed against Mueller’s probe.

When his written answers to Mueller’s questions were being submitted, Trump told reporters: “The lawyers have them. The written answers to the witch hunt that’s been going on forever.”

He added: “No collusion, no nothing.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: dan mangan, jin lee, bloomberg, getty images
Keywords: news, cnbc, companies, mueller, special, report, written, incapable, interview, dowd, told, team, feared, trumps, trump, robert, muellers, john


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Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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