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Aug 13, 2021
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yes, no, virus contessa brewer, see you in a few minutes. essa, thank you. >> okay. >>> all right. so, let's get a check on the other top headlines happening outside money and business the rising crisis in afghanistan as the taliban surges again. frances rivera is in new york with that and more frances. >> good morning, brian this morning, an escalating crisis in afghanistan. president biden is now rushing 3,000 troops to evacuate staff and embassies. the taliban has taken over and 12 cities are under its control. all americans need to leave immediately. >>> britney spears is handed a victory. her father, jamie spears agreed to step down from the conservatorship. not right away mr. spears is willing to step down when the time is right, but the transition needs to be orderly and include resolution of matters before the court. he has been held over her estate for 13 years she filed to remove her father from her estate and conservatorship. >>> did you watch it mlb built it and they came white sox and yankees entered the field from the corn in th
yes, no, virus contessa brewer, see you in a few minutes. essa, thank you. >> okay. >>> all right. so, let's get a check on the other top headlines happening outside money and business the rising crisis in afghanistan as the taliban surges again. frances rivera is in new york with that and more frances. >> good morning, brian this morning, an escalating crisis in afghanistan. president biden is now rushing 3,000 troops to evacuate staff and embassies. the taliban has taken...
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Aug 24, 2021
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contessa brewer is back with that and more. democrats are set to reconvene later today because they're trying to strike a deal within their own party to advance the infrastructure and spending bills speaker nancy pelosi scrapped plans to vote late last night on the two pieces of legislation because of a stalemate with centrist democrats these middle of the road democrats want pelosi to put the infrastructure bill to the vote first before tackling the spending bill. pelosi wants to package the bills into one vote to push centrist toss vote for the robust spending bill as well as the more popular bipartisan infrastructure bill. so we will see what happens there. it's clear that she needs to get some of these more centrist democrats on board >>> okay walmart unveiling a new delivery service that will carry goods from other local retailers to customers. the company says the service called go local will start by the end of the year and will use new technology such as self-driving vehicles and drones walmart adds that go local will o
contessa brewer is back with that and more. democrats are set to reconvene later today because they're trying to strike a deal within their own party to advance the infrastructure and spending bills speaker nancy pelosi scrapped plans to vote late last night on the two pieces of legislation because of a stalemate with centrist democrats these middle of the road democrats want pelosi to put the infrastructure bill to the vote first before tackling the spending bill. pelosi wants to package the...
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Aug 16, 2021
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i am contessa brewer, cnbc business news. >> we're back in a moment. it's a new day. it's coming at you fast. it could be the day your workforce doubles... or the day your visitors quadruple. with comcast business you'll be ready... with the flexibility to control multiple wifi networks from anywhere... all on the network that can deliver gig speeds to the most businesses. every day in business is a big day. we'll keep you ready for what's next. get started with a powerful internet and voice solution for just $64.99 a month. or, ask how to get a prepaid card with other internet offers. call today. >>> finally tonight, take a look here. this is a boat race unlike you have ever seen. rafts built from cardboard, empty barrels, bicycle parts, and they sailed -- or tried to sail on the river, and the theme for the race was publics, pizza and cartoon characters. who came up with that? participants were not allowed to use boats, kayaks or canoes as part of the raft. >> i think they succeeded. >>> "nightly news" is next. newst the fall of kabul as the taliban completes its ta
i am contessa brewer, cnbc business news. >> we're back in a moment. it's a new day. it's coming at you fast. it could be the day your workforce doubles... or the day your visitors quadruple. with comcast business you'll be ready... with the flexibility to control multiple wifi networks from anywhere... all on the network that can deliver gig speeds to the most businesses. every day in business is a big day. we'll keep you ready for what's next. get started with a powerful internet and...
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Aug 23, 2021
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contessa brewer is here and has more on that and more. contessa, good morning >> good morning to you, brian. the fda is set to give approval to pfizer shots as soon as today. that's according to the new york times. it would become the first covid vaccine to go from emergency use authorization to full fda approval the times reports the timeline on full approval could slide past today as paper work and negotiations with that company continue the fda declined to comment on the report to cnbc shares of pfizer are higher on that news as you can see, up 3% in extended trading. we're seeing an uptick in vaccinations in this country the white house revealed roughly 1 million shots this been administered saturday. it was the third consecutive day that milestone was hit and overseas, we have news from paypal, announcing it's launching its crypto service in the uk the company says it will let customers buy and sell starting this week. it marks the first international expansion of paypal's crypto product, which first launched in the u.s. last october.
contessa brewer is here and has more on that and more. contessa, good morning >> good morning to you, brian. the fda is set to give approval to pfizer shots as soon as today. that's according to the new york times. it would become the first covid vaccine to go from emergency use authorization to full fda approval the times reports the timeline on full approval could slide past today as paper work and negotiations with that company continue the fda declined to comment on the report to cnbc...
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Aug 2, 2021
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another big deal contessa brewer is with us good morning >> good morning, brian thank you for that this is the biggest buyout of the australian firm in history square is buying fintech company afterpay in an all stock deal. that translates to 30% premium to afterplay's last closing price and news sent shares soaring on australian trading. this marks a deal expansion into the booming installment and payment market dominated by affirm and clarna. aft afterpay lets customers pay in installments customers will eventually manage installment payments through the cash app the deal is expected to close in the first quarter of 2022. brian, it is a big deal because square is looking at those younger consumers who they say look skeptically at using credit card plastic is passe >> you see that now on so many web sites. what does it cost? $400 or $23 a month for the next two years. just click here. be careful you add up the $23 a month over and over. contessa, see you in a few minutes. big story ahead. thank you. >>> back now to the markets. you may not realize it unless you are really counting at h
another big deal contessa brewer is with us good morning >> good morning, brian thank you for that this is the biggest buyout of the australian firm in history square is buying fintech company afterpay in an all stock deal. that translates to 30% premium to afterplay's last closing price and news sent shares soaring on australian trading. this marks a deal expansion into the booming installment and payment market dominated by affirm and clarna. aft afterpay lets customers pay in...
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Aug 4, 2021
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contessa brewer has those details for us hey, contessa. >> yes, this is a blockbuster $17.2 billion dealties to acquire mgm growth properties it will give vici five additional properties and this will make vici the largest land owner on the las vegas strip and also a blockbuster reit. the preeminent real estate owner focused on experiential. the ceo told me he likes casinos because they pay their rent 100% of the time in cash, even during covid. lost in all the news, the 9% hike that vici dividends that it announced. mgm the majority stakeholder in mgp will unload debt it makes significant toward the asset light strategy and it announces earnings after the bell today we'll hear more on all of this from the ceo bill hornbuckle at 5:00 p.m. eastern. sara >> looking forward to it big move in the stock today. mgm up more than 7%. >>> we're counting down to earnings after the bell from uber, electronic arts, etsy and roku >>> plus, an exclusive interview with roku's ceo ahead of its analyst call >>> also the ceo of frontier airlines following the country's first report since going public. >>>
contessa brewer has those details for us hey, contessa. >> yes, this is a blockbuster $17.2 billion dealties to acquire mgm growth properties it will give vici five additional properties and this will make vici the largest land owner on the las vegas strip and also a blockbuster reit. the preeminent real estate owner focused on experiential. the ceo told me he likes casinos because they pay their rent 100% of the time in cash, even during covid. lost in all the news, the 9% hike that vici...
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Aug 28, 2021
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that authority.t on what happens next to the millions of tenants and landlords, here's cnbc's contessa brewer across the nation, the supreme court's ruling on the national eviction moratorium has caused confusion, questions and a real concern >> i don't want to be on the street >> reporter: y von bryant is among the estimated 25,000 people in danger of eviction in chicago. nationwide, 6.4 million households are behind on rent according to a federal survey. in nebraska, landlords already are pressing to push people out. >> we had a case just this morning that where yesterday at 5:00, i thought the cdc eviction moratorium was going to protect them, and then come this morning, it didn't and it's a family. there's kids. >> new york's new governor calls the supreme court decision appalling and insensitive, house speaker nancy pelosi described it as arbitrary, and cruel both women have promised to explore legislative solutions to the problem. and the president is asking state and local leaders to block evictions. >> our objective is to keep as s many people around the country in their homes as poss
that authority.t on what happens next to the millions of tenants and landlords, here's cnbc's contessa brewer across the nation, the supreme court's ruling on the national eviction moratorium has caused confusion, questions and a real concern >> i don't want to be on the street >> reporter: y von bryant is among the estimated 25,000 people in danger of eviction in chicago. nationwide, 6.4 million households are behind on rent according to a federal survey. in nebraska, landlords...
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Aug 30, 2021
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i'm contessa brewer from cnbc. wall street is set to open just slightly higher this morning. the nasdaq and the s&p 500 closed at record highs friday. investors breathing a sigh of relief after jay powell signaled the central bank could start reducing some of its monetary stimulus this year but said it's in no rush to hike interest rates. the dow up 1.5, the nasdaq about 3%. oil prices hit a more than three-week high early today before pulling back. analysts anticipate refineries, pipelines and oil platforms along the gulf coast will be able to resume operations quickly following hurricane ida. a report on pending home sales. amazon is teaming up with payment provide affirm to offer shoppers a buy now, pay later option that doesn't involve a credit card. a firm's flexible payment system will be available soon on amazon as website. customers can split the costs of installment plans are popular se with retailer because they encourage customers to spend more money. tiktok's bite dance is moving into virtual reality buying a start-up called pico, the third largest maker of vr hea
i'm contessa brewer from cnbc. wall street is set to open just slightly higher this morning. the nasdaq and the s&p 500 closed at record highs friday. investors breathing a sigh of relief after jay powell signaled the central bank could start reducing some of its monetary stimulus this year but said it's in no rush to hike interest rates. the dow up 1.5, the nasdaq about 3%. oil prices hit a more than three-week high early today before pulling back. analysts anticipate refineries, pipelines...
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Aug 3, 2021
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james says makes it clear the governor break the law >> well, very important and big development, contessa brewer, thank you. >>> meanwhile, the dow leading the way this morning it is in the green fractionally. the s&p is about flat and the nasdaq in the red by about half a percent, about 90 minutes into today's trade. reese witherspoon is with us this hour. that's coming up "techcheck" just getting started. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? wor
james says makes it clear the governor break the law >> well, very important and big development, contessa brewer, thank you. >>> meanwhile, the dow leading the way this morning it is in the green fractionally. the s&p is about flat and the nasdaq in the red by about half a percent, about 90 minutes into today's trade. reese witherspoon is with us this hour. that's coming up "techcheck" just getting started. it's another day. and anything could happen. it could be...
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Aug 13, 2021
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i'm contessa brewer from cnbc.king at the dow, implied opening up 52 points or so after stocks eeked out a small gain yesterday. the dow and s&p 500 closed again at record highs. in fact, it's the 47th record close of the year for the s&p. investors digesting a mix of economic data as jobless claims or the number of people filing for unemployment fell for a third straight week. producer or factory prices rose more than expected last month. today we're focusing on reports on import prices and consumer sentiment. ford says production of its bronco suv will be delayed because the plastic roofs could fade in hot and humid conditions. ford says the problem will not affect safety. it will replace plastic roofs that have already shipped and the supplier will build a new factory to increase production of the removable hard top to help ford catch up with demand. ford says customers waiting for their broncos will get some gifts. they'll get broncos gear and access to some events and also switch to a soft top model. >>> airbn
i'm contessa brewer from cnbc.king at the dow, implied opening up 52 points or so after stocks eeked out a small gain yesterday. the dow and s&p 500 closed again at record highs. in fact, it's the 47th record close of the year for the s&p. investors digesting a mix of economic data as jobless claims or the number of people filing for unemployment fell for a third straight week. producer or factory prices rose more than expected last month. today we're focusing on reports on import...
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Aug 24, 2021
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i'm contessa brewer from cnbc. wall street is set to open higher. we're looking right now like the implied open could be up about 60 points on the dow. that adds to yesterday's rally sparked by the fda giving full approval to pfizer and biontech's vaccine. stocks jumped because the at and more companies to mandate the shots amid the spread of the deltahan 200 point yesterday and the nasdaq closed at a record high. today we're focused on a report on new home sales and earnings from best buy. president biden will meet with ceos of several tech companies tomorrow to discuss how they're improving cyber security following a spike in data breaches and ransomware attacks since the pandemic. bloomberg reports tim cook, microsoft's ceo satya nadella and amazon's new chief andy jassy will attend. the heads of ibm, google, jp morgan chase have been invite pd. they will discuss how software can drive better security and protect the supply chain overall. >>> ford is doubling production fort f-150 lightning because of strong early demand for the electric pick-up
i'm contessa brewer from cnbc. wall street is set to open higher. we're looking right now like the implied open could be up about 60 points on the dow. that adds to yesterday's rally sparked by the fda giving full approval to pfizer and biontech's vaccine. stocks jumped because the at and more companies to mandate the shots amid the spread of the deltahan 200 point yesterday and the nasdaq closed at a record high. today we're focused on a report on new home sales and earnings from best buy....
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Aug 23, 2021
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i'm contessa brewer from cnbc. wall street set to higher open this morning. the dow up 170 points following a choppy week for the markets, the dow, the nasdaq and the s&p were in the red despite the rally we saw friday. investors are worried about a potential move by the federal reserve to pull back financial stimulus. they worry it could slow down an economic recovery. this already could be challenged by the spread of the delta covid variant. we could get more answers from the fed when policymakers hold their jackson hole symposium thursday and friday and announced it will be virtual, not in person as originally planned because of the delta variant. today we're focusing on a report that comes in on existing home sales. >>> more than half of the people in the workforce are likely to search for a new job in the next year according to a survey from bank rate. among those who are employed and looking for work, 56% say flexibility including hours and remote work are most important to them. higher pay, job security, paid time off and a better or more inclusive wor
i'm contessa brewer from cnbc. wall street set to higher open this morning. the dow up 170 points following a choppy week for the markets, the dow, the nasdaq and the s&p were in the red despite the rally we saw friday. investors are worried about a potential move by the federal reserve to pull back financial stimulus. they worry it could slow down an economic recovery. this already could be challenged by the spread of the delta covid variant. we could get more answers from the fed when...
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. >>> welcome back let's get some of the top stories at this hour contessa brewer is here. >> reporter: seem marks the eu is halting non he venetian travel from the u.s. this has been under consideration for the last month. it is not binding on all eu coun countries. >>> medical technology company baxter international set to buy hillrom for $10 billion. we have seen a lot of mergers in the health care space with almost $400 billion of takeover deals in the u.s. just this year >>> the iphone 13 will feature satellite connectivity it allows you to make calls without cellular coverage. according to apple the hardware will tap into satellites in areas with low 4g service. the iphone 13 is set to debut in september. we will see what happens when we hit the road and there is no such thing as a bad spot what will you claim when you talk to your exactly >> not that i would do such a thing. >> we will see the power of technology. contessa, thanks >>> now back to the markets and the trading day ahead. futures are slightly higher right now. s&p 500 seeing gains of 4 points keep in mind, it was en
. >>> welcome back let's get some of the top stories at this hour contessa brewer is here. >> reporter: seem marks the eu is halting non he venetian travel from the u.s. this has been under consideration for the last month. it is not binding on all eu coun countries. >>> medical technology company baxter international set to buy hillrom for $10 billion. we have seen a lot of mergers in the health care space with almost $400 billion of takeover deals in the u.s. just this...
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Aug 10, 2021
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our contessa brewer is following that contessa >> listening to governor cuomo right now. he just announced he will be resigning. the resignation effective, scott, in 14 tais. lieutenant governor of new york, cathiy hokele will take over from here. following a news conference by cuomo's personal attorney rita glavin, who outlined point by point by point the problems she sees with the report brought by the attorney general of new york accusing the governor of sexual harassment, a culture of bullying, retaliation, the governor's personal attorney went through those and says, one, it was a blame the governor, let's talk about a media frenzy and without really credible evidence to back up some of the more serious allegations, the governor came on and reiterated it and then 15 minutes into his remarks says that the best way that he can show new york some love is for him to step aside. he says that the amount of time that would be spent on impeachment proceedings, trying to defend himself from these allegations of wrong doing would be misspent in a life or death situation. there
our contessa brewer is following that contessa >> listening to governor cuomo right now. he just announced he will be resigning. the resignation effective, scott, in 14 tais. lieutenant governor of new york, cathiy hokele will take over from here. following a news conference by cuomo's personal attorney rita glavin, who outlined point by point by point the problems she sees with the report brought by the attorney general of new york accusing the governor of sexual harassment, a culture of...
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Aug 14, 2021
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countries requiring international travelers to be insured ahead of their trips here's cnbc's contessa brewerd morning. >> reporter: if there's one thing travelers learned in the pandemic, it's that stuff happens. >> i was pretty concerned that it wouldn't happen pretty much up until about three weeks before we left. >> reporter: so michaunhayes didn't balance being. >> it was $300. >> turks and caicos has joined other destinations requiring tourists to carry coverage in case something happens allianz says claims have skyrocketed 75% since the pandemic began and demand for travel insurance has soared, too. squaremouth, an online broker for travel insurance, says its sales have grown 67% >> there's certainly been an increase in awareness, huge change to our demographic. our average traveler is 10 years younger than they were before covid. >> moncreif says all 20 places cover coronavirus if you catch it if your travel plans are disrupted by advisories, border closures, quarantines, that may require a cancel for any policy. squaremouth says travelers can expect to pay 40% more for that coverage
countries requiring international travelers to be insured ahead of their trips here's cnbc's contessa brewerd morning. >> reporter: if there's one thing travelers learned in the pandemic, it's that stuff happens. >> i was pretty concerned that it wouldn't happen pretty much up until about three weeks before we left. >> reporter: so michaunhayes didn't balance being. >> it was $300. >> turks and caicos has joined other destinations requiring tourists to carry...
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Aug 12, 2021
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contessa brewer is here with more contessa >> entain has a lot to crow about here the uk listed globalming platform bet mgm and it has just taken over as the number two market leader in the united states. now, entain, as you mentioned, is probably best known as the owner of ladbroekz in europe but it's already operating in 27 markets around the globe and has its sights set on 50 more. its new ceo has been on the job for only six months, but she has some big plans for how to capture a quarter of what she anticipates will be a $160 billion total addressable market announcing today that entain is acquiring unicorn esports. >> we actually believe that we can build a global scalable platform is fully complian and taking care of all the different areas of player-protected responsible game and interacting with repor regulators in terms of how we build this for the future. there is a hugely exciting opportunity for us because that platform doesn't exist today we believe we can have a first mover platform here for esports fans >> they say they can bring millions of esports viewers on board. the
contessa brewer is here with more contessa >> entain has a lot to crow about here the uk listed globalming platform bet mgm and it has just taken over as the number two market leader in the united states. now, entain, as you mentioned, is probably best known as the owner of ladbroekz in europe but it's already operating in 27 markets around the globe and has its sights set on 50 more. its new ceo has been on the job for only six months, but she has some big plans for how to capture a...
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governor cuomo is responding to the state attorney general's report that came out earlier today contessa brewer has all the details on what's going on over there. contessa, tell us what's happening. >> well, the new york attorney general, letitia james, says governor andrew cuomo broke the law. broke federal laws and state laws right now you have andrew cuomo saying in a statement he never touched inappropriately. he said he had never had inappropriate sexual advances. that's not who i am or who i ever was in fact he's downplaying the pictures that we have reaching out to kiss women on the mouth he said that's the way he grew up with both his father and his mother kissing on the lips it was never intended to be anything but a gesture of affection and of love. however, when you heard what letitia james said during her news conference today, and remember it was governor andrew cuomo who tasked the attorney general's office into setting up an independent investigation looking into the allegations against him, her conclusion was and the report flat out states that there was sexual harassment of peo
governor cuomo is responding to the state attorney general's report that came out earlier today contessa brewer has all the details on what's going on over there. contessa, tell us what's happening. >> well, the new york attorney general, letitia james, says governor andrew cuomo broke the law. broke federal laws and state laws right now you have andrew cuomo saying in a statement he never touched inappropriately. he said he had never had inappropriate sexual advances. that's not who i am...
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Aug 10, 2021
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breaking news of the past hour new york governor andrew cuomo announcing his resignation, and contessa brewer has all the details for us contessa, over to you. >> hi there, eamon cuomo's resignation will take effect in two weeks to allow for this transition of power but the announcement was an abrupt about-face. his personal attorney, rita glavin, was walking her way through a report, spending more than 45 minutes. this report from the attorney general had accused governor andrew cuomo of sexual harassment, of groping, of bullying, toxic workplace culture, and the complaints of 11 women of varying degrees of seriousness. here the attorney gavin explained, excused and set aside those complaints the new york governor then came after her, followed up he apologized. he says for sure he offended all 11 women but he says, look, it was generation and cultural norms that shifted without him knowing it of and just when you thought he was digging in for the long defense, he turned around and announced his resignation. here's his rationale >> the state assembly yesterday outlined weeks of process that w
breaking news of the past hour new york governor andrew cuomo announcing his resignation, and contessa brewer has all the details for us contessa, over to you. >> hi there, eamon cuomo's resignation will take effect in two weeks to allow for this transition of power but the announcement was an abrupt about-face. his personal attorney, rita glavin, was walking her way through a report, spending more than 45 minutes. this report from the attorney general had accused governor andrew cuomo of...
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contessa brewer covering the governor's resignation in new york. >>> coming up, what's in a name? a lot, according to the ceo of ethan allen. we'll ask him why he's changing his stock's ticker symbol and how he's navigating the backlog of orders. >>> later, wall street getting behind a faster taper timeline say that five times fast we'll talk to the chief economist at morgan stanley about her latest call and what it means for the market. >>> as we head to break, a look at the rise in metal and mining stocks in today's session. alcoa, steel dynamics, nucor all higher you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "power lunch. with the infrastructure bill in focus, we are watching movement in some of the stocks that could benefit from increased spending in those types of areas, starting with one of the etfs that tracks those names, the ticker pave, the global infrastructure e
contessa brewer covering the governor's resignation in new york. >>> coming up, what's in a name? a lot, according to the ceo of ethan allen. we'll ask him why he's changing his stock's ticker symbol and how he's navigating the backlog of orders. >>> later, wall street getting behind a faster taper timeline say that five times fast we'll talk to the chief economist at morgan stanley about her latest call and what it means for the market. >>> as we head to break, a...
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Aug 4, 2021
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. >>> welcome back a huge real estate acquisition in the gaming sector today contessa brewer joins mei properties is acquiring mgm. that will give vici a market cap of $45 billion that is far larger than any of its casino tenants and the preeminent experience reach. looking to diversify its property portfolio when it was created caesars was its only tenant and it will remain its largest now it's adding 15 mgm properties that helps vici expand geographically and this deal likely will make vici the biggest landowner. in an exclusive interview with me vici ceo told me why he's so focused on casinos >> what's really been gratifying is the way in which gaming operators have validated themselves, what we believe the most dynamic, resourceful leisure operators. no one else has come through covid like them, no one else was capable of paying 100% of their rent in cash on time >> in fact, caesars just announced second quarter results that broke all-time records. profit margins above 50% in las vegas. that's without any meaningful convention business. and that's typically crucial to the midweek
. >>> welcome back a huge real estate acquisition in the gaming sector today contessa brewer joins mei properties is acquiring mgm. that will give vici a market cap of $45 billion that is far larger than any of its casino tenants and the preeminent experience reach. looking to diversify its property portfolio when it was created caesars was its only tenant and it will remain its largest now it's adding 15 mgm properties that helps vici expand geographically and this deal likely will...
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billions of dollars in damages are likely contessa brewer with a look at what it will mean for the insurers. hurricane to make landfall this season, and insurers with exposure in louisiana will likely see a hit to their third quarter analysts, with estimates coming in of more than $15 billion and in some cases as high as $25 billion but of course there's flooding that continues in the region authorities are out assessing the storm's impact as we speak so, we may not get a real clear cut picture just yet but here's what happens. typically after a hurricane, 65% of the insurance claims that come in come from homeowners' policies, 30% from commercial lines and then 5% in personal auto that's according to a note published by wells fargo analysts alise greenspan she says reinsurance could kick in for insurers with major exposure in louisiana. so, for instance, state farm has the highest market share at 23%. progressive has 12%. all state has 10%. berkshire hathaway 7%. and then musaa has 5%. aig, travellers, chubb, the hartford have far less but exposure here. two things we'll watch, whether thi
billions of dollars in damages are likely contessa brewer with a look at what it will mean for the insurers. hurricane to make landfall this season, and insurers with exposure in louisiana will likely see a hit to their third quarter analysts, with estimates coming in of more than $15 billion and in some cases as high as $25 billion but of course there's flooding that continues in the region authorities are out assessing the storm's impact as we speak so, we may not get a real clear cut picture...
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Aug 11, 2021
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accusers the albany times on the precarious future and the woman who will replace him first, contessa brewer live at the state capitol in albany. >> reporter: good evening to you. governor cuomo said today, impeachment would be a waste of resources. but here at the capitol, lawmakers are pondering next steps. new york's assembly judiciary committee chair said state lawmakers could still pursue impeachment to prevent him from holding office in the state ever again. in his resignation speech, he both apologized for offending the 11 women mentioned in the attorney general's report and defended himself >> in my mind, i've never crossed the line with anyone but i didn't realize the extent to which the line has been redrawn. there are generational and cultural shifts that i just didn't fully appreciate. >> reporter: at least four district attorneys are looking into the allegations against cuomo. with albany county confirming, a criminal investigation is underway right now, he does not face any charges as we speak the sheriff here though got a specific explain over groping of the accuser brittney c
accusers the albany times on the precarious future and the woman who will replace him first, contessa brewer live at the state capitol in albany. >> reporter: good evening to you. governor cuomo said today, impeachment would be a waste of resources. but here at the capitol, lawmakers are pondering next steps. new york's assembly judiciary committee chair said state lawmakers could still pursue impeachment to prevent him from holding office in the state ever again. in his resignation...
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Aug 30, 2021
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i'm contessa brewer from cnbc. wall street set to open slightly higher this morning. the nasdaq and s&p 500 closed at record highs friday. investors breathing a sigh of relief. fed pair jay powell signaled the central bank could start reducing its monetary stimulus. the dow is up 1.5% this month, the s&p 2.5% and the nasdaq about 3%. oil prices hitting a more than three-week high today before pulling back. analysts are anticipating refineries, pipelines and oil platforms along the gulf coast will be able to resume operations quickly following hurricane ida. in focus today a report on pending home sales. and google generated more than $11 billion in revenue from its mobile app store in 2019 according to a court filing unsealed this weekend. it offers a clear view into the finances of the google play store for the first time. attorneys general in 37 states are suing google over alleged ap i.t. violations in the app store, sales of apps, in app purchases and sales of ads. google is fighting back on charges it has abused an alleged monopoly in app sales for android device
i'm contessa brewer from cnbc. wall street set to open slightly higher this morning. the nasdaq and s&p 500 closed at record highs friday. investors breathing a sigh of relief. fed pair jay powell signaled the central bank could start reducing its monetary stimulus. the dow is up 1.5% this month, the s&p 2.5% and the nasdaq about 3%. oil prices hitting a more than three-week high today before pulling back. analysts are anticipating refineries, pipelines and oil platforms along the gulf...
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Aug 13, 2021
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. >> yeah, i would imagine contessa brewer had a piece on this morning, people are buying more travell traveling but they're traveling with some caveats, hedging their bets a little bit or literally with insurance. >> they're definitely traveling. we've had over 300 million flying and not one case related to flying. the theme park protocols are all in place and it is quite safe. but there is always a concern. we have to watch it. and we've seen a little bit of a downturn in people's intention to travel over the next couple of months. >> is almost all of this domestic leisure travel going somewhere for fun? because we know business travel has been terrible. >> domestic leisure travel is back and back strong almost in many areas exceeding 2009 the real challenge is bring back business travel, and meeting and conventions international, why they represent 20% of the business, it is about 50% of the revenue. >> you know we just had kevin o'leary on from shark tank if you were able to catch it he owns all of the these companies and he said business travel is never coming back and you if wan
. >> yeah, i would imagine contessa brewer had a piece on this morning, people are buying more travell traveling but they're traveling with some caveats, hedging their bets a little bit or literally with insurance. >> they're definitely traveling. we've had over 300 million flying and not one case related to flying. the theme park protocols are all in place and it is quite safe. but there is always a concern. we have to watch it. and we've seen a little bit of a downturn in people's...
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Aug 10, 2021
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, some new troops are being recruited on the army of insects reporting for duty here's cnbc's contessa brewers military fatigues for a bee keeping jacket fatigu he served three and a half years in the u.s. army, including one tour in afghanistan. now he's back in nevada finding a different kind of battle. >> just heard about it over on social media, just a friend died today. i'm sorry i'm choking up right now. it really did hurt and i feel like i could have been the same thing if i did not find this program. >> reporter: the program is called bees 4 vets >> i'm looking for the queen. >> reporter: ginger and dan started it as a way to find out how to start this process. it takes commitment, focus and a way to manage symptoms related to post traumatic stress >> you can walk into this apiary frustrated, irritable, depressed, grieving, lost in something and those girls force you, because they're all mostly girls, the girls force you to stay in the moment. >> reporter: since 2018 the fenwicks have worked with more than two dozen students. dozen like mark larson he has narcolepsy. >> in listening t
, some new troops are being recruited on the army of insects reporting for duty here's cnbc's contessa brewers military fatigues for a bee keeping jacket fatigu he served three and a half years in the u.s. army, including one tour in afghanistan. now he's back in nevada finding a different kind of battle. >> just heard about it over on social media, just a friend died today. i'm sorry i'm choking up right now. it really did hurt and i feel like i could have been the same thing if i did...
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Aug 12, 2021
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here's cnbc's contessa brewer. >> reporter: back massagers, candles, salt lamps, supplements. >> we'ree mental fitness platform. >> reporter: everywhere you look, somebody's trying to sell you something to take the edge off. even companies that aren't in the business of stress relief. >> the healing silence of solitude expands the aperture of your thoughts. >> reporter: lincoln highlights the ways its vehicles provide sanctuary. cushy interior fresh air. orchestral chimes instead of annoying dings its ads liken it to a human embrace. an automatic toilet welcomes you to a moment of zen then the makers of the famous yellow sticky note 3m. >> i'm excited today to talk to you about post-it brand and the role it can play in people's lives to help alleviate that stress, and actually even bring moments of joy. >> reporter: bold claims but 3m breaks it down in three ways, the ubiquitous office supply can boost mental health. >> helping people prioritize with their lives and what's important to them. using words of encouragement or affirmation. and then the third thing is putting these in a pro
here's cnbc's contessa brewer. >> reporter: back massagers, candles, salt lamps, supplements. >> we'ree mental fitness platform. >> reporter: everywhere you look, somebody's trying to sell you something to take the edge off. even companies that aren't in the business of stress relief. >> the healing silence of solitude expands the aperture of your thoughts. >> reporter: lincoln highlights the ways its vehicles provide sanctuary. cushy interior fresh air. orchestral...
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Aug 4, 2021
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newspaper in albany will join to us discuss the political fallout, but we start tonight with cnbc's contessa brewer who has been digging into the details of the investigation's finding. >> here, shep. the 165 pages of detailed accusations against the governor of new york state. more than 74,000 documents the ag's office says it received and according to letitia james, it all adds up to the breaking of the law. >> it resulted in groping. >> groping and unwanted hugging and kiss and touching. the new york attorney general's report details multiple complaints, some not previously reported. >> our investigation revealed that these were not isolated incidents. they were part of a pattern. >> cuomo denied those allegations in a highly produced video statement, instead showing a montage to explain his touchy behavior. >> i do kiss people on the cheek. i do kiss people on the hand i do embrace people. >> attorney joon kim says in an 11-hour interview with investigators cuomo denied some allegations, spun some and admitted to others. >> one senior staffer testified that at a work event she sat on the govern
newspaper in albany will join to us discuss the political fallout, but we start tonight with cnbc's contessa brewer who has been digging into the details of the investigation's finding. >> here, shep. the 165 pages of detailed accusations against the governor of new york state. more than 74,000 documents the ag's office says it received and according to letitia james, it all adds up to the breaking of the law. >> it resulted in groping. >> groping and unwanted hugging and kiss...
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Aug 23, 2021
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i'm contessa brewer from cnbc. wall street set to open higher following a choppy week for the markets. the dow implied opening up almost 160 points. the dow, nasdaq and s&p 500 were in the red last week. despite that rally we saw friday, of course investors are growing worried about a potential move by the federal reserve to pull back financial systems. they worry it could slow down an economic recovery and may be challenged by the spread of the delta covid variant. we could get answers from the fed when policymakers hold their jackson hole symposium thursday and friday decided it will be virtual because of the covid delta variant. in focus a report on existing home sales. all right. general motors is expanding a recall to include an chevy bolt models sold worldwide to fix a battery problem that could cause fires. the recall adds about 73,000 volts from 2019 to 2022 model years to a previous recall of 69,000 vehicles made from 2017 to 2019. the latest recall will cost gm about a billion dollars. the company says ow
i'm contessa brewer from cnbc. wall street set to open higher following a choppy week for the markets. the dow implied opening up almost 160 points. the dow, nasdaq and s&p 500 were in the red last week. despite that rally we saw friday, of course investors are growing worried about a potential move by the federal reserve to pull back financial systems. they worry it could slow down an economic recovery and may be challenged by the spread of the delta covid variant. we could get answers...
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Aug 13, 2021
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travel plans around the world demand and we have contessa brewer with more on that con contessa >> traveloaring and travel insurance is also in high demand online broker for trans insurance says 30% of the policies are bought specifically to cover issues like coronavirus. sales are sky rocketing. july numbers up 67% above the same period in 2019. >> certainly been increase in awareness and huge change to the demographic. our traveler is about ten years younger than before covid. >> the biggest insurers are aig which said premiums have increased for travel insurance and aliance. it has seen a 15% increase, but 7 75% spike in claims since the pandemic began they will cover in instances travelers get sick with coronavirus, but if travelers test positive or have to quarantine other insurers offer similar coverage, but only under cancel for any reason policies. square mount tells us those policies cost 40% more than standard average check the box when you buy the trip policy >> the question we all asked about travel insurance is how easy is it to get your money back or get the insurance paid t
travel plans around the world demand and we have contessa brewer with more on that con contessa >> traveloaring and travel insurance is also in high demand online broker for trans insurance says 30% of the policies are bought specifically to cover issues like coronavirus. sales are sky rocketing. july numbers up 67% above the same period in 2019. >> certainly been increase in awareness and huge change to the demographic. our traveler is about ten years younger than before covid....
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Aug 9, 2021
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we just got some news from draftkings a deal in the making contessa brewer joins us with the details.5 billion. they will get .365 shares in the newly formed company a company that will also get a new name new draftkings just roles off the tongue draftkings will shoeld the shares for a minimum of a year it says golden nuggets 5 million customers are essentially important because of igaming those are customers we just heard jason robins say in the earnings call friday that draftkings has lagged in attracting also he gets a foothold in houston rockets, landry's bricks and mortar business. they expect $300 million in cost savings from the synergies that come here. analysts tell me this was really the golden nug gets owned option since it only had significant market share in new jersey it didn't have the balance sheet to compete elsewhere jason robins and tillman fertita will be on today the analysts say they need a vacation this is the latest in what has been a bam, bam, bam deal making week in august >> particularly for draftkings, contessa weren't wejust talking about last week about a
we just got some news from draftkings a deal in the making contessa brewer joins us with the details.5 billion. they will get .365 shares in the newly formed company a company that will also get a new name new draftkings just roles off the tongue draftkings will shoeld the shares for a minimum of a year it says golden nuggets 5 million customers are essentially important because of igaming those are customers we just heard jason robins say in the earnings call friday that draftkings has lagged...
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Aug 9, 2021
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early 2022 separately, draftkings is making a $1.5 billion bet on the future of online gaming contessa brewer>> hi, courtney. golden nugget online or gnog has it -- what is the return on that investment well, it gets promotional consideration at tilman fertitta's houston rockets, landry's, and the golden nuggets brick-and-mortar casinos but the details is they get 5 million gnog customers last hour jason robbins explained how that helps his company overcome a great hurdle. >> we have done a great cross-selling. we haven't done as well with the i-gaming customer. they had done a tremendous job >> golden nugget has notable market share new jersey the analysts tell me it doesn't have enough cash to compete nationally ceo tilman fertitta pointed out that the shareholders have been at a disadvantage because of prohibitions of gnog accepting bets on the houston rockets. then draftkings sagged for a bit, and popped back up a bit, up 2.5% now. you can continue to watch this space. we'll see more of this consolidation, in especially the fight for the i-gaming customers. >> does this open the door for
early 2022 separately, draftkings is making a $1.5 billion bet on the future of online gaming contessa brewer>> hi, courtney. golden nugget online or gnog has it -- what is the return on that investment well, it gets promotional consideration at tilman fertitta's houston rockets, landry's, and the golden nuggets brick-and-mortar casinos but the details is they get 5 million gnog customers last hour jason robbins explained how that helps his company overcome a great hurdle. >> we...
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Aug 3, 2021
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. >> maybe casinos con contessa brewer has the numbers. >> the revenues coming in at 2.5 billion a beate eps at 34 crents per share here is the real key metric in gaming that adjusted ebitda, that key earningss metric in this industry a billion dollars of ebitda. we look at revenue down 15% this quarter, compared to the same quarter in 2019, the ebitda, the key earnings, up 20% margins here 51% margins in las vegas. that's up from 38% in 2019 and in the regionals we're seeing significant growth as well margins at 40%, up from 27% in 2019 and that was before the caesars and eldorado merger. on the call, we're going to want to hear what the ceo has to say about the newly reinstalled mask mandate in las vegas how that might affect business we'll be looking for that. as you see,the shares popping in extended trading today. >>> don't miss an exclusive interview with caesar's ceo tomorrow 10:00 a.m. eastern on "squawk on the street. more earnings out. amgen. >> eps more than a quarter above estimates. the biopharmaceutical company saw revenue rise on higher demand said they faced pressure wit
. >> maybe casinos con contessa brewer has the numbers. >> the revenues coming in at 2.5 billion a beate eps at 34 crents per share here is the real key metric in gaming that adjusted ebitda, that key earningss metric in this industry a billion dollars of ebitda. we look at revenue down 15% this quarter, compared to the same quarter in 2019, the ebitda, the key earnings, up 20% margins here 51% margins in las vegas. that's up from 38% in 2019 and in the regionals we're seeing...