The crew at Vanity Fair's Hive discusses the latest on Jared Kushner's diminshed White House influence, and whether Apple will make a play for Snap. Robbie Kaplan, attorney and co-founder of Time's Up, stops by to talk about workplace harassment, and what Time's Up has learned from previous movements. Plus, what will the West Wing be like without Gary Cohn? Gabe Sherman stops by to discuss.
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Paypal Announces Venmo Checkout for Amazon Customers
Payment processor Paypal will roll out a Venmo option for Amazon customers beginning in 2022 as the payment app continues to grow the number of merchants it works with.
Hertz Interim CEO on Uplisting to Nasdaq Following Bankruptcy, Electrifying Fleet
Rental car company Hertz is jumping up from OTC trading to the Nasdaq after being delisted from the NYSE and undergoing bankruptcy in 2020. Interim CEO Mark Fields and Tom Wagner, co-founder and managing member at Knighthead Capital Management, joined Cheddar's "Opening Bell" to talk about reviving the business and how it plans to navigate issues like the ongoing car shortages. Regarding the electrification of the rental fleet, Fields noted that the company is looking to partner across the EV industry outside of the announced relationship with Tesla. The company is now trading under the ticker symbol HTZ.
Cheddar Afternoon News Briefings of November 9th
Cheddar Morning News Briefings
Afternoon Alexa Flash Briefings of November 9th
Alexa Flash Briefings
U.S. Economy Adds 531,000 Jobs in October, Beating Expectations
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Facebook to Shut Down Facial Recognition Technology
Facebook officially announced that it is shutting down its facial recognition software which identifies users in photos and videos. The decision comes during growing societal concerns over the use of the technology. Cathy Hackl, Tech futurist and CEO of the Futures Intelligence Group joined Cheddar's Opening Bell.
AMC's Stock Soars as October Was the Best Month for Movie Chain
Christine Short, VP of Research at Wall Street Horizon, discusses revenue growth of the theater chain given the uptick in ticket sales and what to expect ahead of the company's Q3 earnings.
AMC To Report Earnings After The Bell
AMC entertainment has third quarter earnings after the bell November 8. The movie theater chain is expected to post a quarterly loss of $0.53 per share, with revenue at just over $717 million. This quarter last year, AMC lost $5.70 per share, after reporting revenue of $119 million. Claire Atkinson, chief media correspondent at Insider, tells Cheddar what to expect from AMC earnings and what it says about the movie theater industry's recovery from the pandemic.
Markets Open Higher as October Jobs Report Paints Brighter Picture of the Economy
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
