The Fast Money traders share their final trades of the day.
WAMBO: Clinton’s ability to remake America is limited only by her imagination and those of her supporters. If she becomes president, Congress will become a vestigial organ of government for four to eight years. First up is filling the late Antonin Scalia’s seat, which will give the court a five-vote liberal majority consisting, on her inauguration, of Sonia Sotomayor (63), Elena Kagan (56), Ruth Bader Ginsburg (83) and Stephen Breyer (78). She may be able to appoint young liberals to replace Ginsburg and Breyer, giving the court a five-vote liberal majority for decades. If she gets the opportunity to replace Anthony Kennedy (80), the court will have a six-vote liberal majority. A five-vote liberal majority on the court will enable Clinton to remake the United States. It’s important to remember that the law and the Constitution are what the Supreme Court says they are. She could: Weaken the First Amendment, Weaken, preferably eliminate, the Second Amendment, Issue executive orders to bypass Congress and impose federal regulations by decree, Appoint an Internal Revenue Service commissioner who will increase audits of conservative individuals, Vitiate what remains of the Ninth and 10th amendments, & Erode private property rights.
Thinkstock The labor market is steadily improving, with U.S. unemployment at its lowest level since 2008, yet some occupations continue to experience a downward slide. Careers in the manufacturing sector, for example, have been disappearing for decades as plants become more efficient and jobs move to factories overseas. Other careers are falling victim to changing tastes and changing technologies. To help job seekers avoid some of these dying professions, we analyzed 784 popular occupations, looking at which have been shedding positions over the past decade and which are projected to continue that trend into the next decade. We considered salaries, too, and favored promising careers that require
Most hikers would hightail it upon spotting two snakes fighting on a path. Arkansas hiker Dawn Kelly decided to record the snakes on her smartphone instead, creating the kind of video most of us would rather watch from a safe distance. The unusual thing about this snake battle royale, however, isn't that Kelly managed to record it unscathed, but that the two snakes, a copperhead and a cottonmouth, shouldn't have been fighting at all. According to Alabama Auburn University herpetologist David Steen, male snakes often fight in something called a "combat dance" over female snakes. But until now, no one has recorded evidence of two different species of male snakes fighting, according to the BBC.
Most of us make mistakes like scraping our car misjudging the Starbucks drive-thru. When Colin Cantwell makes a mistake, legends are born. Cantwell, 84, was a concept artist and spacecraft designer on the original "Star Wars" film, at the time called "The Star Wars." That's certainly not all he's done, but for some sci-fi fans, that alone would be enough. In a Reddit Ask Me Anything on Tuesday, Cantwell discussed his contributions to space and sci-fi history, including a certain Death Star trench that turned out to be a happy accident for the Rebel Alliance. "George Lucas gave me the project of designing a 'Death Star,'" Cantwell wrote on Reddit. "I didn't originally plan for the Death Star to
You need help with your bank account or advice about your mortgage. You call the help line. And then, after a lengthy wait, tapping more information into your phone and being transferred to the right department, you reach a call center worker, an actual human being. By that point, however, you might not be feeling warm and patient. Usually, the person absorbing your frustration is in the Philippines—the call center capital of the world. (For years, India had more call center workers than any other nation, but more recently U.S. companies began relocating to the Philippines, where people speak American English, rather than the British variety.) The country is 12 or 13 hours ahead of Eastern Standard
Are you considered part of the middle class? Here are eight tests to determine if you're still middle class. If your family of three earns between $41,869 and $125,609 a year, you're in the middle class, according to a 2015 Pew Research Center analysis.
PHILADELPHIA -- Jack Bogle, the founder of Vanguard, fired off last year about the presidential race, saying "Donald Trump and I are kind of antithetical." Bogle wrote a book called Enough, about how readers should consider financial success in light of larger personal success. Meanwhile, Never Enough is the title of a biography of Donald Trump by Michael D'Antonio. But at this year's Bogleheads meetup -- a gathering of Bogle admirers who get together to talk about index funds and visit the Vanguard headquarters -- "the T-word" was banned as a topic by the moderators. (And a few attendees wore pins saying "Jack Bogle for President" -- a prize from a prior Bogleheads meetup.) Jack Bogle still
Donald Trump and Hillary Clinton didn’t agree on much during their acerbic debate faceoff earlier this week, but one of the topics on which they found common ground was nuclear weapons. Then he went on to criticize America’s nuclear capabilities compared to those of Russia. What Trump saw “the other night” might have been a 60 Minutes report last Sunday that suggested the risk of nuclear conflict was rising as Vladimir Putin’s Russia looks west, sees weakness and thinks that in a conflict with NATO, a nuclear strike might shock the alliance into submission.
With great fanfare, American Airlines introduced new uniforms on Sept. 20. Now the outfits are giving the world's largest carrier and hundreds of its employees real headaches. Really. Sources report that more than 400 AA flight attendants have informed their union and company management that they have broken out in hives and begun to experience itching and headaches since they first slipped into the new uniforms — the first new designs for many in the airline's employee ranks in decades. An AA spokeswoman confirmed that the company has received complaints about the new uniforms, which the company, at this juncture, believes may be related to a wool allergy among some affected employees The spokeswoman
An eyewitness to the commuter train crash in Hoboken Thursday morning says he saw the train's engineer slouched over the engine cab. (Sept. 29)
Today's 30-something generation has missed out on house price increases and better pensions, according to research by the Institute for Fiscal Studies. The think tank found that people born in the early 1980s were the first post-war group not to have higher incomes in early adulthood than those born in the preceding decade. This generation's comparatively lower financial wealth was down to a combination of lower home-ownership rates, less access to final salary-type pension schemes, and stagnant wages, experts said. The IFS included in its definition of "wealth" property owned, financial assets like savings, and wealth held in private pensions - minus any debts a person may have such as student loans or credit cards.
About a year before Sanjay Valvani's wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading. Valvani drove profits at Visium Asset Management, an $8 billion New York hedge fund that had been on the rise.
Before cofounding Solemates, a brand of women’s shoe-care products, in 2009, Becca Brown worked at Goldman Sachs for almost six years. Brown, who has a bachelor’s from Harvard University and an MBA from Columbia, spent a lot of time interviewing job candidates at Goldman, where she held various roles, including analyst, wealth adviser, and chief of staff. “I interviewed anywhere from 20 to 30 job candidates a year.
Earnings are out for Costco. CNBC's Seema Mody reports the details. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in.
OPEC, the dysfunctional cartel that has gifted case studies in the “prisoner’s dilemma” to business schools for years, unveiled an agreement to potentially cap oil production this year in what amounts to a last-ditch effort to shore up the price of crude after a costly two-year nosedive. If implemented — and all the details must still be worked out — such a cap on production could nudge crude prices higher. Since the OPEC oil embargo and gas lines of the early 1970s, the United States has tried to convince Saudi Arabia, Venezuela, Russia, and other big producers to keep the taps open so that oil remains abundant and affordable.
In 1984, Vanguard's founder, John Bogle, seeded the Vanguard PRIMECAP Fund with $100,000 of his own money. Over the following three decades, the actively managed Vanguard PRIMECAP Fund would turn his original investment into more than $5.5 million, or twice what it would have become if it were invested in the S&P 500. Its record of topping the market's return has persisted to this day. The Vanguard PRIMECAP Fund beat the S&P 500 by an average of three percentage points per year over the last 15 years with its stockpickers' simple strategy of buying out-of-favor growth companies and holding them for a decade, if not longer. The recipe is simple: PRIMECAP hopes to identify companies that have
Donald Trump’s tactically dubious decision to continue his attacks on a former Miss Universe over her weight gain following a disastrous performance in the first presidential debate have caused the question of his treatment of women to flare up yet again. The latest flare-up apparently prompted the Los Angeles Times to go digging through depositions filed as part of a class action lawsuit against a Trump golf club in California in 2012, where reporters unearthed multiple examples of former Trump employees testifying that Trump had, both personally and through the atmosphere he created at his property, engaged in extremely sexist behavior toward women, some of them quite young, who worked for him. The lawsuit, Messerschmidt v. Trump National Golf Club, was not actually about sexual discrimination or mistreatment, but about work hours.
A new state retirement saving plan has just been launched in California, which could help millions of workers—both in the state and around the country. California Gov. Jerry Brown on Thursday will sign a bill that establishes a state retirement savings plan called Secure Choice. The launch of an auto-IRA by California, the largest state, adds major momentum to a burgeoning movement to improve retirement security for workers without 401(k)s or other employer plans.
AT&T Inc. – which is expected to premier its streaming service DirecTV Now later this year – reportedly will work to make streaming its primary TV platform by 2020. AT&T last year acquired satellite-TV service DirecTV, which has a large Colorado footprint. Under the timeline, as reported by Bloomberg, DirecTV set-top boxes and satellite dishes could be obsolete in three to five years. Bloomberg cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward
With the price of oil up, Jim Cramer expected Thursday to be a great day for the market. Instead, worries over Deutsche Bank (XETRA: DBK-DE), the biggest bank in Germany, had ripple effects all over the world. "So if a company like Deutsche Bank may be having real problems, and that's sure how it looks with the stock down 6.7 percent today, then several things are going to play out, and none of them are good," Cramer said.
By Laurence Frost PARIS (Reuters) - Toyota has decided to drop diesel engines from its new C-HR compact in the wake of Volkswagen's emissions scandal and will probably do the same for future model renewals, the carmaker's second-ranking global executive said on Thursday. The Japanese automaker decided "within the last six to 12 months" not to offer a diesel version of the car, unveiled at the Paris auto show, because demand for the powertrain technology is falling sharply, Executive Vice President Didier Leroy told Reuters in an interview. If faced with a renewal decision today for other models up to and including the larger Auris compact, a Toyota staple, "we would probably do the same thing", Leroy added.
Qatar Airways is in the process of firming up the order, which it was due to have placed at July's Farnborough airshow, but which was delayed by the Qatari government in an effort to speed up U.S. approval for the fighter contract, one of the sources said. Bloomberg reported that the deal was for at least 30 Boeing 777 and 787 jets, valued at about $6.7 billion at list prices. Boeing declined to comment and Qatar Airways was not immediately available to comment.
An ex-Fox News anchor told her therapist that former network chairman Roger Ailes sexually harassed her, two years before she went public with the allegations that the company said she made up, a document filed in court on Wednesday said. Lawyers for Andrea Tantaros filed a statement in New York state court in Manhattan from the therapist, who said Tantaros spoke to her about the harassment in 2014. Tantaros sued Ailes and Fox News, a unit of Twenty-First Century Fox Inc in August.
As if we didn't already have enough reasons to love Sephora (seriously, we could never name them all), the beauty retailer is doing something really incredible for women who are embarking on a major life transition. Putting a philanthropic spin on the beauty education they've been serving up in stores across the country, Sephora will launch what they are calling Classes for Confidence.
US home price gains slowed slighting in July, as many on Wall Street are speculating that the Federal Reserve will raise rates before the end of the year. The recent surge in real estate demand has pushed home prices near their pre-crisis peak in 2006, which is making it increasingly difficult for new home buyers to enter the market. Home sales fell 0.9% in August from the previous month, according to the National Association of Realtors.
In business as in poker, it can pay to be unpredictable. And make no mistake, bluffing works well in situations where the stakes are high and the bluffer has a better stack than opponents. That said, bluffing only works when your opponents don’t suspect you’re doing it, so the more analysts speculate about whether Amazon has the chips to bluff or bully companies the size of UPS and FedEx into making costly errors, the less it’s likely to happen. Amazon has been building out its logistics capacities at a scale indicative of a hedge strategy (it can sell its excess capacity by the piece or by the pound to whoever and whenever). Yet despite how fully hedged its bets may be, it remains vulnerable.