Minerd: Don’t see any reason why we can’t keep pushing asset prices higherScott Minerd, global chief investment officer at Guggenheim Partners, joins CNBC’s “Squawk Box” team at the World Economic Forum in Davos, Switzerland.

Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City. Best Buy (BBY) – Best Buy is investigating allegations that CEO Corie Barry had an inappropriate romantic relationship with a fellow executive. Uber (UBER) – Uber sold its Eats business in India to Ant-Financial backed Zomato, in exchange for a 9.99% stake in its local rival. Logitech (LOGI) – Logitech reported quarterly profit of 84 cents per share, 5 cents a share abo

President Donald Trump’s top economic advisor, Larry Kudlow, told CNBC on Tuesday that GDP growth in the U.S. should hit at least 3% in 2020. “This is a long cycle, and what you’ve got here in the Trump years is essentially a mini upcycle,” said Kudlow, National Economic Council director. Economic growth slumped to 2% in the second quarter and 2.1% in the third quarter, according to government data. That would make it extremely tough for the U.S. economy to hike its growth for the year above 3%.

Oppenheimer said in its upgrade of the stock that it saw an attractive valuation and upbeat top line trends among other things. Since late August COST shares have lagged up 3% vs. a gain of 14% in the S&P 500. With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance. As we look to the balance of 2020, we overall see a muted upside outlook for our f

Democratic presidential nominee former Secretary of State Hillary Clinton (L) speaks as U.S. Sen. Bernie Sanders (I-VT) looks on during a campaign rally at University of New Hampshire on September 28, 2016 in Durham, New Hampshire. In an interview with The Hollywood Reporter in advance of a new Hulu docuseries profiling Clinton, the former Democratic presidential nominee slammed Sen. Bernie Sanders as a political hack who supports sexist attacks on his rivals. It’s his online Bernie Bros and the

Shares of Tesla have more than doubled over the last 3 months, and New Street Research believes strong demand and management execution will drive shares even higher. On Tuesday the firm raised its target on the stock to a Street high of $800, which is roughly 57% above where shares currently trade.

Policies implemented under the Trump administration seem to be boosting the U.S. economy, private equity billionaire David Rubenstein said on CNBC on Tuesday. “Some of these policies seem to be working,” The Carlyle Group co-founder told “Squawk Box” from the World Economic Forum in Davos, Switzerland, without getting specific. “There’s some bragging about the economy, but the economy is in really good shape,” said Rubenstein, whose Carlyle has $222 billion of assets under management. Rubenstein

Professional investors spent most of 2019 worrying about the U.S.-China trade war. As a new year has dawned, so has the focus of most concern. The first Bank of America Global Research fund manager survey of 2020 shows the highest risk is now the looming presidential election, according to the 249 panelists surveyed. The survey, widely followed on Wall Street, found that 29% said they consider politics the biggest potentially disruptive issue in the year ahead. Since June 2018, the U.S-China tar

The XLI industrials ETF, which includes Boeing and Honeywell, notched record highs on Friday for the second day in a row. The ETF is also up more than 3% this month in one of the top performances in the S&P 500. Craig Johnson, chief market technician at Piper Sandler, likes the group as a whole but says one stock stands out. “Look at stocks inside of [the XLI], take a look at the chart of 3M. Textron, Lockheed and Northrop have all outperformed the market this month.

Store closures by Pier 1 Imports could mean good news for other retailers that sell home furnishings and other knickknacks. Still, there’s one company you might have expected to be on Telsey’s list but isn’t: Bed Bath & Beyond. Telsey’s analysis showed that Bed Bath & Beyond has the most geographic overlap with Pier 1 across the U.S. But the firm said Bed Bath hasn’t been able to “capitalize on Pier 1’s displaced sales …. given its own struggles.” Forth-seven percent of Bed Bath’s stores are w

The Senate impeachment trial of U.S. President Donald Trump resumes on Tuesday. President Donald Trump’s impeachment trial is set to convene Tuesday afternoon in the Senate, with Republicans and Democrats expected to clash over the rules and a possible motion to dismiss. McConnell on Monday released an outline of the trial rules that largely resemble former President Bill Clinton’s 1998 impeachment trial. Pelosi selected seven House Democrats to serve as impeachment managers in Trump’s trial. A

Chinese travellers wear protective masks as they arrive to board trains at Beijing Railway station before the annual Spring Festival on January 21, 2020 in Beijing, China. Many in China scrambled to buy face masks to protect themselves from the previously unknown, flu-like coronavirus infection and airports around the world tightened screening. The SARS coronavirus outbreak killed nearly 800 people then. The disease was spreading further around other parts of China, however, including five cases

DAVOS, Switzerland – Many business leaders at the World Economic Forum aren’t convinced the latest round of trade negotiations between China and the U.S. will yield a “phase two” deal before the end of President Donald Trump’s first term. It is unclear how another China trade deal could be accomplished if Trump isn’t reelected. “That is why most of our tariffs on China will remain in place during the ‘phase two’ negotiations.” Ray Dalio, who leads investment firm Bridgewater Associates, said he,

A visual representation of digital cryptocurrency coins on display in front of Facebook and Libra logos. Some of the world’s largest central banks are teaming up on an initiative to explore digital currencies. The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have grouped up with the Bank for International Settlements (BIS) to assess potential use cases for such currencies. The topic of central bank digital currencies (CBDC) has gained momentum among major institutions s

Earlier this week, President Donald Trump’s campaign told email subscribers that they’d get a sneak peek at his $10 million Super Bowl ad if they got in touch via text. But he said big marketers will still advertise during the Super Bowl because they want to reach exceptionally large audiences. Last year’s Super Bowl on CBS attracted an audience of 98.8 million, the biggest telecast of 2019 by far. Kellogg’s Pop-Tarts is in the Super Bowl for the first time this yeardebuting a new pretzel flavor

On Tuesday, the company announced it sold its Uber Eats food delivery business in India to Zomato, its competitor backed by Alibaba affiliate Ant Financial. The deal could leave Uber out of a significant chunk of the food delivery market. “It is increasingly clear that Uber has a strong ride-sharing business and a food delivery business that is rationalizing,” they wrote. Uber’s market value is now around $63 billion. In September, Uber said it would end its food delivery service in South Korea.

Disney announced Tuesday that it will launch its new streaming service Disney+ in the UK and parts of Europe a week earlier than planned. Disney+ was initially set to launch across parts of Europe on March 31. Disney also confirmed its European pricing for Disney+, which will cost £5.99/€6.99 per month, or £59.99/€69.99 for a year. Disney launched its streaming service in November in the U.S., Canada, Australia, New Zealand, and The Netherlands. Apple’s streaming service Apple TV+ launched last

Apple dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. When Apple spoke privately to the FBI about its work on phone security the following year, the end-to-end encryption plan had been dropped, according to the six sources. Reuters could not determine why exactly Apple dropped the plan. The government dropped the proceedings

Swiss police reportedly believe they uncovered two Russian spies who had posed as plumbers in order to bug world leaders at Davos this week. According to the Financial Times, Swiss police picked up two men at the high-end resort in August after the pair had aroused suspicion by staying for an unusually long time. Zürich’s Tages-Anzeiger newspaper reported that Swiss officials and police concluded that the pair were Russian spies employed by the Kremlin to record and tap into the conversations of

Ray Dalio, founder of investment firm Bridgewater Associates, said on Tuesday that he thinks investors shouldn’t miss out on the strength of the current market and they should dump cash for a diversified portfolio. “Everybody is missing out, so everybody wants to get in,” Dalio said, speaking to CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switerzland. Dalio advised having a global and well-diversified portfolio in this market and said the thing people can’t “jump into” is cash. “Ca