VIDEO3:5003:50Putin is the greatest gift to NATO since the end of the Cold War, ex-CIA chief saysSquawk Box EuropeRussian President Vladimir Putin has given NATO a "reason to live again" and is one key factor behind the resurgence and improved capability of the military alliance. Speaking at the Ambrosetti Forum in Italy on Friday, Gen. David Petraeus, a former CIA director, said that NATO is now more capable than it was even just a few years ago. He explained that recent friction between member nations had actually galvanized cooperation and led to increased spending on defense, but he also said there were two other major factors at play. "One is the greatest gift to NATO since the end of the Cold War and that's Valdimir Putin and his aggressive actions which have given NATO a reason to live again, if you will, in a very significant way," he told CNBC's Steve Sedgwick. "And also that the European countries, however fragile the economy of the EU may be now, certainly (they) h..
Asia markets gained on Friday ahead of U.S. nonfarm payrolls numbers due later in the day. Investors also watched for developments on the trade front after global markets rallied on the back of news that the U.S. and China could return to the negotiating table next month. Mainland Chinese stocks rose on the day, with the Shanghai composite gaining 0.46% to about 2,999.60 and the Shenzhen component adding 0.41% to 9,823.42. The Shenzhen composite advanced 0.355% to approximately 1,657.50. Hong Kong's Hang Seng index also added 0.56%, as of its final hour of trading. Ratings agency Fitch downgraded the city from "AA+" to "AA" on Friday, following a protracted period of unrest that has lasted for months. China's Ministry of Commerce said Thursday that Liu He, the country's top trade negotiator, spoke by phone with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. They agreed to meet in early October for another round of negotiation, accordin..
Here are the biggest calls on Wall Street on Thursday: Deutsche Bank said Lyft stock may be bottoming after hitting a record low and pointing to what it calls "robust" second quarter results. "The company reported robust 2Q results, and yet the stock has been weak around: (1) an early release from the IPO lockup, (2) heightened regulatory uncertainty stem-ming from the California AB 5 legislation and concern this could spread nationally,(3) a decreased appetite for unprofitable companies trading on revenue multiples, and (4) concerns around whether or not ridesharing is a good business." Read more about this call here. Credit Suisse said it is bullish on the company after it named a new CEO. "We have increased confidence in the trajectory of the turnaround following PZZA's appointment of former Arby's President, Rob Lynch, as CEO last week. We expect Lynch will leverage his experience with the Arby's turnaround to develop a strategy for PZZA, including a focus on improvi..
Puma on Thursday announced it will launch its first smartwatch, in partnership with American brand Fossil Group.
Labour MP Kate Hoey addresses pro-Brexit supporters in Parliament Square in central London during 'Leave Means Leave' rally.Wiktor Szymanowicz | Barcroft Media | Getty ImagesIf the U.K. fails to leave the European Union, then Britain's entire democratic system would be under attack, the opposition Labour party's Kate Hoey told CNBC Thursday. Hoey, a pro-Brexit member of Parliament for a pro-Remain constituency in London, pointed out that the British people voted to leave the EU at the 2016 referendum — they were not voting on whether they wanted a deal with the bloc. "The delay that people are pushing for is really being pushed by people who want to overrule the result of the referendum," she told CNBC's "Squawk Box." "Parliament gave a very clear instruction: 'Your vote will be counted. It matters. If you vote Leave, we will leave.' We have to do that, otherwise our whole democratic system, I think, is under real attack." She spoke to CNBC after Brit..
Khalid Al-Falih, Saudi Arabia's energy and industry minister, listens during a news conference following the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Monday, July 1, 2019.Stefan Wermuth | Bloomberg | Getty ImagesOPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market's Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, amid a deteriorating outlook for global growth and a protracted trade dispute between the U.S. and China. It has once again raised questions about whether OPEC really wields that much influence over world crude markets, particularly at a time when oil traders are constantly on alert for the next tweet from President Donald Trump. "It may prove easier to clean up the physical market than to overcome skepticism about the ultimate efficacy of its strategy in the age of Trump," Helima Cr..