tyb
Joe Biden prepares for New York fundraising blitz with Gov. Andrew Cuomo and short seller Jim Chanos
Former Vice President Joe Biden is preparing for a June fundraising blitz in New York, where he will be joined by Gov. Andrew Cuomo and the investor Jim Chanos.
The main event of Biden’s trip will be at Chanos’ home, according to people familiar with the matter. Cuomo will attend and introduce Biden.
Biden’s plan to hit up top Democratic donors in New York is the latest example of his aggressive fundraising approach as he contends for the right to take on President Trump in 2020.
Former Vice President Joe Biden is preparing for a June fundraising blitz in New York, where he will be joined by Gov. Andrew Cuomo and the short seller Jim Chanos, CNBC has learned.
The main event of Biden’s trip will be at Chanos’ home, according to people familiar with the matter. Cuomo will attend and introduce Biden there.
They will be joined by several prominent New York real estate executives, including Bruce Mosler, chairman of global brokerage at Cushman & Wakefield, Hal Fetner, CEO of Fetner Properties, and Kenneth Fisher, a co-managing partner at Fisher Brothers, the people added.
Biden’s plan to hit up top Democratic donors in New York is the latest example of his aggressive fundraising approach as he contends for the right to take on President Donald Trump in 2020. Throughout the 2018 congressional midterm elections, New York City financiers combined to give just over $272 million to Democratic causes, according to the nonpartisan Center for Responsive Politics. Biden leads the sprawling Democratic 2020 primary field by large margins, according to most polling.
Cuomo’s decision to attend one of Biden’s first New York fundraisers comes after the governor indicated to party donors that he’s looking to open his formidable fundraising network to the former Delaware senator, CNBC first reported. The governor publicly threw his support behind Biden in April, saying: “I think he has the best chance of defeating President Trump, which I think is the main goal here.”
CNBC also reported that Chanos was slated to attend at least one of the New York fundraisers next month and that Biden is preparing for a California Bay Area money-making tour at the end of June. In his first official day in the race, Biden raised $6.3 million, more than any other 2020 Democrat did on their first day. Chanos said in February that he would back Biden for president.
The reception at Chanos’ home will take place the evening of June 17, and tickets are expected to go for up to $2,800 per person. Real estate executives had been planning a separate fundraising breakfast for Biden but organizers decided to fold their event into one.
People close to the Biden campaign said they expect at least 150 people to attend. Consolidating the two events, they said, made it possible for Biden to save time for other events during his New York trip. About 40 donors were expected to attend the breakfast.
Fetner, who was organizing the breakfast with Mosler, said in an email that he was unaware their event would be blended into the Chanos reception.
“I am happy to try and help Biden in any way,” Fetner said. Mosler declined to comment.
RXR Realty CEO Scott Rechler, who was also part of the group looking to host the breakfast for Biden, told CNBC he’s helping the former vice president in the fundraising circuit but declined to provide details on what to expect when he’s in town.
“I’ve been a long-time Biden supporter. I plan to support him when it comes to New York as well,” Rechler said Tuesday. “I think the people believe Joe brings a level of foundation, stability and insights that a lot of people have been supportive of for a long time,” he added.
There will be at least two other smaller gatherings for Biden during his visit to New York, which could carry into June 18, sources added.
Chanos and representatives for Biden and Cuomo did not return requests for comment.
https://www.cnbc.com/2019/05/28/joe-biden-to-attend-new-york-fundraiser-with-andrew-cuomo-jim-chanos.html
good luck with that Jim….you'll need it on both issue's.
got a ton of them now. All different one's: wot, fag, gay, ugay. dog, Qguy. just keeps coming.
this one was somebody's and not mine
save it for someone else. not your or my call.
well it is CNBS so……
its the house he's at too. used to be a smart guy but too bad he forgot how to be a human being.
Now he's wrong on both sides, politically and market wise.
baker, consider this as chanos is well known for shorting the mkts. Made a killing during the 08 crash and how they would want to associate these two and not think of this is little too easy.
the source is a bit dodgy but think there is moar going on than simply the surface story here.
anyway. FWIW
ty anon. made a bunch of them over the last few days.
Synopsys Execs sell $19.46m in shares-May 24
Synopsys specializes in the development and marketing of software programs aimed mainly at manufacturers of semi-conductors, computers and electronic equipment. Net sales break down by activity as follows:
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sales of licenses (85.3%): drawing and production software programs, verification, simulation and control systems;
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services (14.7%): consulting, maintenance, and technical support, etc.
Net sales are distributed geographically as follows: the United States (48.3%), Europe (11.8%), Japan (9.1%), and other (30.8%).
Number of employees : 13 245 people.
https://www.marketscreener.com/SYNOPSYS-4908/company/
https://www.secform4.com/insider-trading/883241.htm
US Market Report
DOW over daily average volume…the others no…with the laggard still being the SP500.
Bonds & Bitcoin Jump, Stocks Dump As Yield Curve Carnage Continues
Chinese markets were rescued by a mysterious beneficiary who panic-bid stocks back into the green on the day.
China just took over a bank for the first time in 20 years, and 2 of them are a huge deal
https://www.businessinsider.com/china-baoshang-bank-takeover-why-it-matters-2019-5
EU markets extended yesterday's late-day weakness but managed to now ubiquitous bounce - though still ending lower, led by Italy to the downside.
And US markets followed the overnight excitement, opening higher and accelerating at the cash market open once again. But that did not last… the afternoon was brutal.
especially the close on the DOW-black line on Cap#2.
This despite proclamations that month-end pension re-balancing would spark buying in stocks this week.
this entire process is total bullshit-See the Serco information in the catalog for what they REALLY do this for.
S&P closed just above the critical 2800 level.
Financials are notably outperforming the market and hugely divergent from the collapsing yield curve.
Da Fuq!
Credit markets are blowing out notably while VIX is holding in for now.
Couldn't be because your safety nets at the FED just resigned- no anything but that.
HY Spreads are at their widest since Jan.
High Yield Credit.
And the VIX term structure re-inverted today.
Again see resignations at the FRB-the main one was brought in to 'manage' the VIX.
Treasury yields collapsed today on growth fears and a very aggressive 2Y auction.
See Cap#3
The yield curve is inverted to around 15 years.
the NIKE curve-just did it.
Before we leave bondland, we note that the probability of a rate cut by end Dec is now 82%
It's at 50-50 for September according to CME futures.
With the market expecting almost 2 full rate cuts now.
See Cap#4
Yuan continued to sink despite another attempt by Guo to threaten shorts today.
the 'vote of confidence' is never a good thing.
After a few days of outperformance, Silver was slapped lower today as WTI managed gains (despite a strong dollar) early on but faded into the close.
Gold was dropped like a baby seal in a short period of time-yes that is totally organic.
https://www.zerohedge.com/news/2019-05-28/bonds-bitcoin-jump-stocks-dump-yield-curve-carnage-continues
https://finance.yahoo.com/quote/%5EDJI?p=DJI
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
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