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Senator Elizabeth Warren, a leading presidential candidate, warned on Monday that the next financial crises is on its way. Surprisingly, that dire prediction was mocked by Politico's chief economic correspondent, Ben White, the same day on CNBC's The Exchange. Only a few days before, White had been giving Warren some praise by writing that Wall Street wouldn't be too worried about her as president. This contrast makes White's change in tone even more noteworthy. Here are White's comments on CNBC in which he declares that Warren is using bad numbers for her forecast.

The trade war between the United States and China ratcheted up over the weekend to a level that Cowen says, “on a scale of 1-10, it’s an 11.” “Overnight, Chinese government retaliated against new U.S. tariffs, and it’s designed to get the President’s attention,” Cowen analyst Chris Krueger said in a note to investors on Monday. China responded on Monday in two ways to President Donald Trump announcing the U.S. will add 10% tariffs to $300 billion worth of Chinese goods. First, China’s central bank allowed its currency the yuan to fall “below 7 to the dollar, which is a...

Rep. Tulsi Gabbard (D-HI) took shots at Sen. Kamala Harris (D-CA) and her prosecutorial record during Wednesday night's Democratic Debate."Senator Harris says she's proud of her record as a prosecutor and she'll be a prosecutor as president. But I'm deeply concerned about this record. There are too many examples to cite but she put over 1,500 people in jail for marijuana violations and then laughed about it when she was asked if she ever smoked marijuana," Gabbard said. "She blocked evidence that would have freed an innocent man from death row until the courts forced her to do so. She...

The NY DOJ has put out an open call to women who may be Epstein Victims. Who may have been sexually abused by Jeffrey Epstein? Thirteen to fifteen years ago when they were children, or more recently after he was found guilty in Florida.Moreover, it is working.Jennifer Araoz is coming forward saying Epstein raped her when she was 15 years old. She also says her recruitment took over a year. Starting in 2001 when she was just 14 was recruited outside her highschool. The pretty young blonde women spoke to the NBC/Today Show. She explains the very gruesome details –...

The day before accused pedophile and wealthy Manhattan financier Jeffrey Epstein was found injured in his jail cell, he was handed a lawsuit from a woman who says he raped her when she was just 15 years old, court documents obtained Monday showed. A New York Deputy Sheriff, Qin Zhang, last Monday personally handed Epstein documents accompanying Jennifer Araoz's lawsuit against the 66-year-old at the Metropolitan Correctional Center where he has been jailed after he was arrested and charged with sex trafficking and conspiracy. The day after Epstein received Araoz's lawsuit, he was found inside his cell, semi-conscious in a...

Key Points President Donald Trump on Thursday said a U.S. Navy ship shot down an Iranian drone in a defensive action. Trump said the USS Boxer fired on the drone in the Strait of Hormuz on Thursday. “The Boxer took defensive action against an Iranian drone, which had closed into a near distance, approximately 1000 yards, ignoring multiple calls to stand down threatening safety of ship and ship’s crew,” Trump said. ============================================================ President Donald Trump on Thursday said a U.S. Navy ship shot down an Iranian drone in a defensive action. Trump said the USS Boxer fired on the drone...

An NBC News analyst declared President Donald Trump the winner of the first Democrat presidential debate of the 2020 election season. Jonathan Allen, who is also an author and reporter, said he was surprised to hear that Trump was “unscathed” while the crowded field of candidates avoided taking direct pot-shots at him. Allen added most Democrats in the debate wanted to win over far-left primary voters instead of people in the general election pool who could swing the election later in the season. In his analysis on NBC News, Allen wrote: For long stretches, it seemed, they completely forgot about...

Joe Biden could face some uncomfortable questions about his record on women this week at the first Democratic presidential debates. **SNIP** The Democratic field has so far been relatively amicable. But Biden could be pressed about allegations that he inappropriately touched women in ways that made them feel uncomfortable and about how he handled Anita Hill's testimony during Justice Clarence Thomas' confirmation hearings. Another issue could be Biden's previous support for the Hyde Amendment, which bars federal funding for most abortions. **SNIP** Shortly before announcing his candidacy, Biden released a video pledging to be "more mindful and respectful" after a...

Presidents who seek reelection usually win. So Las Vegas oddsmakers, despite President Donald Trump’s low-40s approval ratings, still rate him even money for another term. Wall Street expects him to win next year. But a look at state-by-state data clarifies the scale of Trump’s challenge. As the president tries to rally supporters at a 2020 kickoff rally in Orlando on Tuesday, he is fighting from behind. A new Quinnipiac University poll of Florida showed the president trailing former Vice President Joe Biden by nine percentage points, 50%-41%, in their potential matchup for that state’s 29 electoral votes. Trump also trailed...

President Trump threatened more tariffs on Chinese imports if President Xi Jinping is not at this month’s G-20 meeting. The president previously threatened to put levies on another $300 billion in Chinese goods if an agreement is not reached soon. President Donald Trump confirmed on Monday that additional tariffs on Chinese goods will be levied if Chinese President Xi Jinping does not attend this month’s G-20 meeting. When asked during a telephone interview if that means the new tariffs would go into effect immediately, Trump told CNBC’s Becky Quick, “Yes, it would.” The president previously threatened to put levies on...

President Donald Trump told CNBC on Monday he believes China will make a deal with the U.S. “because they’re going to have to.” In a wide-ranging telephone interview on “Squawk Box, ” Trump defended his threats to slap tariffs on Mexico and China, which he said are putting the U.S. “at a tremendous competitive advantage.” “The China deal is going to work out. You know why? Because of tariffs,” Trump told co-host Joe Kernen. “Right now, China is getting absolutely decimated by companies that are leaving China, going to other countries, including our own, because they don’t want to pay...

“We are now entering into a period of great power rivalry. The outcome is unclear, but it is critical that we stabilize the system.” That was the warning on Thursday from Singapore’s Heng Swee Keat, the man set to be the city-state’s next prime minister. China’s rapid ascent over the past decade, he said, has caused a clear shift in global politics, and those changes need to be addressed. The Singaporean deputy prime minister’s sentiment was echoed by other political figures and experts gathered in Tokyo for a conference on the future of the region. At the event, which was...

<p>U.S. manufacturer growth hit a multiyear low in May, the latest sign that the trade war may be slowing the economy.</p> <p>The U.S. manufacturing PMI (purchasing managers index) was 50.6 in May, the lowest level since September 2009, according to results from financial data firm IHS Markit released Thursday.</p>

Steve Bannon said there is "no chance" President Donald Trump will back down as trade tensions rise between the U.S. and China. The former White House chief strategist praised Trump while speaking with CNBC's Squawk Box, depicting the president's efforts to alter financial relations with China as a necessary step to change the trade dynamic with a country he says has waged "economic war against the industrial democracies for 20 years." "This is going to set the world in one direction or the other for the next 20, 30, 40 or 50 years. And we've let this drift for so...

VIDEO Liberals are bad mouthing President Trump for placing higher tariffs on Chinese goods as a tactic to get that country to sign on to a fair trade agreement which would lower their high tariffs on American goods. They fear a Trump win so much that they don't care if their rhetoric emboldens the Chinese to continue standing firm against coming to an agreement. Meanwhile CNBC's Jim Cramer provides a reality check on what is at stake and how the liberal talking heads are so wrong about fighting a trade war with China to WIN.

Key Points China will raise tariffs on $60 billion in U.S. goods in retaliation for the Trump administration’s latest decision to increase duties on $200 billion worth of Chinese products. U.S. stock indexes fall about 2% as the trade war between the world’s two largest economies escalates. ================================================================ China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods, the Chinese Finance Ministry said Monday. Beijing will increase tariffs on more than 5,000 products to as high as 25%. Duties on some other goods will increase to 20%. Those...

U.S. debt has climbed to an alarming level, according to DoubleLine Capital CEO Jeffrey Gundlach. “People are starting to realize that the deficit and debt are totally out of control,” Gundlach said on CNBC’s “Halftime Report” Tuesday. Guldach said the “main reason” the yield curve between 3-year Treasury bonds and 5-year bonds is steepening is a ballooning deficit. Gundlach — sometimes known as the “bond king” — runs the $50 billion DoubleLine Total Return Bond Fund. Its five-year performance is one of the best in its category, but lagged most of its peers in 2019 with a gain of just...

President Donald Trump’s effort to stack the Federal Reserve with ideological allies has run into a familiar foe: Republican Sen. Mitt Romney, who’s likely to continue to act as a bulwark against the central bank becoming a target for political appointees. Herman Cain’s decision Monday to withdraw his name from consideration as a Fed governor was largely academic. Romney and three other GOP senators already were poised to torpedo the former Kansas City Fed president and pizza CEO’s nomination if it was brought to a vote.

VIDEO Rick Santelli gets very very emotional during this CNBC jobs report for March.

South Bend, Indiana Mayor Pete Buttigieg is attending a 2020 fundraiser hosted by Broadway executive Jordan Roth and his husband Richie Jackson, according to an invite first obtained by CNBC. The suggested contributions for the event range from $250 to $2,800. Roth is the son of real estate titan Steven Roth, who has a net-worth of $1.1 billion. Mayor and 2020 hopeful Pete Buttigieg is making inroads into the New York donor circuit as he prepares to attend a campaign fundraiser hosted by Broadway executive Jordan Roth. Roth, and his husband, Richie Jackson, who is a movie producer, will be...