David Gernon
Verified- Segment Producer, CNBC's Closing Bell
- Segment Producer, CNBC
- Segment Producer, CNBC Closing Bell: Overtime
- Segment Producer, CNBC's Closing Bell
- Segment Producer, CNBC
- None, Versant Media
New York
@CNBC, currently @CNBCClosingBell & @CNBCOvertime. Former @SquawkCNBC | Past @TimesLIVE, @medillonthehill, @kprnews | david.gernon@nbcuni.com
Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by David Gernon
The 'worst solution' to high drug prices is political interference, says former pharma CEO
Self-management and self-discipline are the keys to controlling exorbitant drug-pricing practices, veteran pharmaceutical executive Fred Hassan told CNBC on Thursday.
GOP and Democratic 'fault lines' hamper tax reform: says tax-writing chairman
"Fault lines" in each political party have to be dealt with before tax reform can be completed, the chairman of the House Ways and Means Committee told CNBC on Thursday. For Republicans, the divide is over whether to make the reforms temporary or permanent, said Rep. Peter Roskam. "Permanent is paid for, permanent is harder — but permanent is better," he said in a "Squawk Box" interview.
GOP and Dem 'fault lines' hamper tax reform: Rep. Peter Roskam
"Fault lines" in each political party have to be dealt with before tax reform can be completed, the chairman of the House Ways and Means Subcommittee on Tax Policy told CNBC on Thursday. For Republicans, the divide is over whether to make the reforms temporary or permanent, said Rep. Peter Roskam. "Permanent is paid for, permanent is harder — but permanent is better," he said in a " Squawk Box " interview.
State Department science envoy resigns with dig at Trump
Source: YouTube. A science envoy to the State Department has resigned, and his statement seemed to have a message for the president. A member of the State Department's science envoy program resigned Wednesday and took a parting shot at the president on his way out. Daniel Kammen, a professor of energy at the University of California, Berkeley, tweeted early Wednesday morning he would be departing from his role as a science envoy to the State Department.
State Department science envoy resigns with dig at Trump
A member of the State Department's science envoy program resigned Wednesday and took a parting shot at the president on his way out. Daniel Kammen, a professor of energy at the University of California, Berkeley, tweeted early Wednesday morning he would be departing from his role as a science envoy to the State Department.
Sandwiched: It's turnabout as millennials support mom and dad
More millennials and Gen Xers are being forced to dip into savings to help out the adults in their lives. More than a quarter of households support either an elderly parent or an adult child, according to a recent Raymond James survey. A third of those have had to dip into savings in order to help out a family member. Rising health and education costs are part of the reason for these "sandwich" situations, the survey found.
Strategists awaiting Fed's plan for balance-sheet reduction at Jackson Hole
As the Jackson Hole Economic Policy Symposium nears, two strategists are watching the Federal Reserve's approach to balance-sheet reduction for its potential impact on the markets. The main worry for UBS chief investment strategist Mike Ryan is a disorderly shedding of assets from the Fed. "The concern has always been that they'd do it in a manner that's going to be disruptive to the markets," he said in an interview on CNBC's "Squawk Box" Tuesday.
'Biggest risk' to markets isn't political gridlock, but something else, says this expert
The Federal Reserve shrinking its balance sheet, not political gridlock, is the biggest risk for markets in the future, according to Boston Advisors President and CIO Michael Vogelzang. "The biggest risk we haven't talked about and one that, frankly, is more important than the political agenda, is what the Federal Reserve is doing in shrinking their balance sheet," he said in an interview with CNBC's "Power Lunch" on Tuesday.
'This fall is not going to be pretty for Republicans,' ex-RNC chairman Michael Steele says
Time is running out for the Trump administration to enact its agenda, and disagreements on key issues between the White House, the Senate and the House will make things even harder, former Republican leader Michael Steele told CNBC on Monday.
'This fall is not going to be pretty for Republicans,' ex-RNC chairman Michael Steele says
Time is running out for the Trump administration to enact its agenda, and disagreements on key issues between the White House, the Senate and the House will make things even harder, former Republican leader Michael Steele told CNBC on Monday.
Airbnb offers free housing for people impacted by Barcelona attack
Airbnb is offering free places to stay for those affected by Thursday’s tragedy in Barcelona. The disaster response program is for anyone impacted by the attack and checking in to the area between August 17 and September 7. The site currently has 78 listings for $0 in the area. The program only waives the service fees for the listing, but all the rentals available in Barcelona that were part of the program were offering their spaces for free.
Bannon's ouster may not change much economically, these strategists say
While floor traders cheered Friday afternoon at the news that chief White House strategist Stephen Bannon was out, some strategists aren't confident it will change much economically. "That's my question at this stage," Talley Leger, an equity strategist at Oppenheimer Funds, said Friday on CNBC's " Power Lunch ." "What is the strategy?
Airbnb offers free housing for people impacted by Barcelona attack
Airbnb is offering free places to stay for those affected by Thursday's tragedy in Barcelona. The disaster response program is for anyone impacted by the attack and checking in to the area between August 17 and September 7. The site currently has 78 listings for $0 in the area. The program only waives the service fees for the listing, but all the rentals available in Barcelona that were part of the program were offering their spaces for free.
Bannon's ouster may not change much economically, these strategists say
While floor traders cheered Friday afternoon at the news that chief White House strategist Stephen Bannon was out, some strategists aren't confident it will change much economically. "That's my question at this stage," Talley Leger, an equity strategist at Oppenheimer Funds, said Friday on CNBC's "Power Lunch." "What is the strategy?
Here's how Silicon Valley is responding to the Charlottesville rally, and Trump's comments on it
A Virginia rally instigated by white nationalists over the weekend has escalated tensions between President Donald Trump and the business community. Many critics have perceived Trump's responses to violence in Charlottesville as equivocating the actions of white supremacists with those protesting racism. The discord in Washington came amid a growing divide between the administration and Silicon Valley, which have clashed over issues like the environment, immigration, and LGBTQ rights.
ISIS claims responsibility for Barcelona attack; at least 13 dead
A terror attack claimed by the Islamic State targeted Barcelona's most famous street on Thursday, killing at least 13 people and injuring more than 100. A van drove into pedestrians on the Las Ramblas avenue, a top tourist destination, jumping the sidewalk around 5:30 p.m. local time. Of the wounded, at least 15 people sustained serious injuries, Spain's interior ministry said in a press conference. The perpetrators are soldiers of the Islamic State, the terror network's Amaq news agency has said.
ISIS claims responsibility for Barcelona van attack; at least 13 dead
A terror attack claimed by the Islamic State targeted Barcelona's most famous street on Thursday, killing at least 13 people and injuring more than 100. A van drove into pedestrians on the Las Ramblas avenue, a top tourist destination, jumping the sidewalk around 5:30 p.m. local time. Of the wounded, at least 15 people sustained serious injuries, Spain's interior ministry said in a press conference. The perpetrators are soldiers of the Islamic State, the terror network's Amaq news agency has said.
As Trump disbanded advisory groups, this is who was in and who was out
Before the president disbanded two business councils Wednesday afternoon, several executives had already resigned. Donald Trump tweeted, "Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!" The resignations followed Trump's waffling responses to the deadly right-wing violence in Charlottesville, Virginia, over the weekend. CNBC took a look at where all the executives stood prior to the president's announcement.
Here's who's in and out of Trump's economic advisory councils after Charlottesville violence
Andrew Liveris Dow Chemical CEO Staying Liveris: I condemn the violence this weekend in Charlottesville, Virginia, and my thoughts and prayers are with those who lost loved ones and with the people of Virginia. In Dow there is no room for hatred, racism, or bigotry. Dow will continue to work to strengthen the social and economic fabric of the communities where it operates. Bill Brown Harris Corp. CEO No comment Michael Dell Dell Technologies CEO Staying Thanks for reaching out.
Here are the CEOs who are still on Trump's councils and here are the CEOs who have left
The rhetoric between President Donald Trump and American executives continues to heat up Tuesday. Seven executives have now resigned from White House business councils in the wake of the president's perceived lackluster condemnation of Saturday's deadly white supremacist rally. It was two days after the death of Heather Heyer in Charlottesville, Virginia, when Trump called out by name the KKK, neo-Nazis and white supremacists.
Deafening silence: Presidential council executives slow to speak out after Charlottesville violence
Merck CEO Kenneth Frazier resigned early Monday from the president's American Manufacturing Council, citing his "responsibility to take a stand against intolerance and extremism." While the president responded quickly via Twitter to Frazier's decision, the move was met mostly by silence from other executives on the council.
Former McDonald's CEO: Trump's actions 'despicable' following weekend of violence
Former McDonald's CEO Ed Rensi had harsh words Monday for President Donald Trump following a violent white supremacist rally in Charlottesville, Virginia, and what Rensi called the president's "unacceptable" response.
Unexpected back-to-school expenses can easily add up this fall
Watch out, parents: Back-to-school season can easily put a four-figure dent in your budget. Parents of high school students can expect to pay an average $1,489 for school supplies and activity fees, according to the annual Huntington Bank Backpack Index. That's a drop of $9, or less than 1 percent, from 2016. Parents of elementary school students can expect to pay an average $662, up 1 percent from last year. Middle-school students' parents will fork over $1,001, a 4.6 percent increase.
Millennials' big financial sins
Growing older usually means getting more disciplined financially. Some millennials say they aren't quite there yet. Nearly 1 in 3 millennials say they have spent money budgeted for other things on themselves, according to a new report from Northwestern Mutual. They're more than twice as likely to do so than Gen Xers, and almost eight times more likely than baby boomers.
Millennials share two sobering views about their relationship to money
The Great Recession played a formative role in this generation's relationship to money, financial planners say. The oldest millennials would have been just a few years into their first jobs out of college when it first hit about a decade ago, while the youngest were just entering high school.
Tuition is up, but this college bill is declining
Overpaying for college textbooks is one rite of passage that's getting easier to avoid. During the 2016-17 academic year, students spent an average of $579 on 10 required class materials (typically textbooks), according to the National Association of College Stores' latest Student Watch survey. That was based on data from 90 two- and four-year colleges in the U.S. and Canada. That spending is down $23 from the previous year, and $122 less than in 2007-08.
More than half of prospective college students worry they'll never graduate
Students entering college today have plenty on their minds already, such as debt and landing a job when they get out. Now, add one more fear to the list: worries about dropping out. More than half of prospective students believe there is a chance they won't finish college, according to a new report from Allianz Global Assistance. The most likely reasons? A family emergency, stress, and mental and physical health, the survey found.
Millennials share two sobering views about their relationship to money
While under-35 adult Americans disagree on a lot of things — from gun control to Donald Trump to the Yankees — two pessimistic views about money unite them, a new survey concludes. Half of Americans ages 25 to 34 said worrying about finances negatively affects their health, while 53 percent of the same group said money worries have a negative effect on their relationships, according to new survey data exclusively provided to CNBC by E-Trade Financial.
Why young women today have a gloomier financial outlook than men
Americans' financial confidence may beon an upswing, but young women have a gloomier outlook. Millennial women still trail their male peers when it comes to financial satisfaction, according to a new report from online loan marketplace LendingTree. Other elements point to why: The survey found women earn less, carry almost 30 percent more in outstanding debt, and are less confident about their ability to pay it off. Researchers say the discrepancies may stem from the gender pay gap.
Retirement savers relying on rising CD rates will have to wait
For retirees looking for income from high-yielding certificates of deposit, the message is: Keep looking. Rates on CDs, as they are otherwise known, are improving yet are still nowhere near pre-recession levels. The national average rate for a six-month CD has increased to 0.22 percent from 0.16 percent two years ago, according to Bankrate.com. For the one-year CD, it's 0.36 percent, up from 0.27 percent.
'The RV space is on fire': Millennials expected to push sales to record highs
Sometimes, bigger isn't always better. The recreational vehicle industry has figured that out and it has led to record-breaking growth. This year, RV shipments are expected to hit their highest level ever, according to the Recreation Vehicle Industry Association, marking the industry's eighth consecutive year of gains. Those shipments are accelerating, and should grow even more next year, the group said. Sales in the first quarter rose 11.7 percent from 2016.
Goodyear Tire running flat after lowering 2017 outlook
Goodyear Tire & Rubber fell sharply in early trading Friday before recovering slightly in intraday trading. Down more than 13 percent at one point, the stock recovered modestly and was trading about 10.5 percent below its open in midday trading. Wall Street was reacting to poor earnings from the largest U.S. tire maker after the company cut its 2017 outlook to between $1.6 billion and $1.65 billion from $2 billion.
New York Times stock is up more than 70 percent since the election and just hit a nine-year high
After posting strong earnings Thursday, The New York Times Company shares have surged to a nine-year high. The company has seen a sharp increase in digital subscriptions, largely attributed to the "Trump effect," since last November's election. In part thanks to the digital subscriptions, the company reported profit as $27.7 million in the second quarter, up from $9.1 million in the same period last year.
If you don't pay attention to outside reversal days, you will regret it, says Dennis Gartman
An outside reversal occurs when the market closes above the previous day's high or below the previous day's low. If the NASDAQ Composite keeps trending down Thursday, it could qualify as a bearish outside reversal. And that's not a good thing, according to Dennis Gartman, the commodities king.
Southwest Airlines shares sink on unit revenue growth concerns
Shares of Southwest Airlines were hit hard in early Thursday trading before recovering slightly. Investors were expressing concern over slower unit revenue growth. Despite reporting better-than-expected quarterly earnings and revenue Thursday, the stock was down more than 7 percent at one stage. Here's what Southwest reported versus what Wall Street was expecting: Unit revenue grew at the Dallas-based airline, but more slowly than other airlines.
Once-in-a-lifetime solar eclipse is a bonanza for hotels, airlines
A once-in-a-lifetime solar eclipse is providing a great business opportunity for hotels and airlines, who are looking to cash in on the event. A once-in-a-lifetime solar eclipse is providing a great business opportunity for hotels and airlines, who are looking to cash in on the event — the first of its kind since 1918.
Buffalo Wild Wings shares fall nearly 10% after big earnings miss
Shares of Buffalo Wild Wings fell nearly 10 percent in extended trading after the company reported sizable misses in its earnings and revenue for the second quarter. Buffalo Wild Wings posted per-share earnings of 66 cents, while analysts polled by Thomson Reuters had projected EPS of $1.05. The restaurant chain also missed on revenue during the second quarter. It reported $500 million against $513 million expected. Comparable sales also fell 1.2 percent.
Once-in-a-lifetime solar eclipse is a bonanza for hotels, airlines
A once-in-a-lifetime solar eclipse is providing a great business opportunity for hotels and airlines, who are looking to cash in on the event — the first of its kind since 1918. Many hotel chains, including Marriott International, are offering packages to travelers who are heading to cities in the path of the eclipse, which will follow a southeastern route from Oregon to South Carolina on Aug. 21.
Investors should 'stay the course' to avoid summer swoon, Albion advisor says
While August and September are historically weak for the market, at least one executive says he isn't worried. Jason Ware, CIO of Albion Financial, said Tuesday on CNBC's "Power Lunch" he tells clients to "stay the course" and "you need to ignore the noise" about a potential weak period for the markets that historically comes in August and September. "The reality is with that knowledge there is very little actionable information," he said.
Hot mic caught two senators discussing Trump and the federal budget, report says
Two senators were heard on a hot mic after a Senate subcommittee hearing Tuesday discussing the federal budget and the president in unflattering terms, The Washington Post reports. The Washington Post reports Sen. Jack Reed, D-R.I., says, "I think he's crazy," apparently referring to President Donald Trump. "I'm worried," Sen. Susan Collins, R-Maine, replies, according to the newspaper. Collins and Reed were speaking after their subcommittee meeting ended.
'Something' out of Washington will push market much higher, strategist says
Stocks have done well this year. According to two experts, any good news out of Washington will push them even higher.
Universities, hoping to sway millennials, are now opening innovation hubs for undergraduates
The Georgia Institute of Technology campus in Atlanta, Georgia. Philip Mccollum | Bloomberg | Getty Images A few years ago, Raghupathy Sivakumar, an engineering professor at Georgia Institute of Technology, realized he had a problem. An undergraduate student had just won a prestigious invention competition, but the student had no idea how to advance his idea from concept to product, a major roadblock for most undergraduates.
This service combines all of your streaming services in one place. Here's how it works
Reelgood, a service that launched earlier this week, combines all the streaming platforms you subscribe to—Amazon, Netflix, Hulu, etc.—and lets you watch them all in one place. Here's a quick look at how it works: Overall, the site is clean. However, the most surprising thing is that tapping a show launches the title in a separate browser. What this means is that load times are largely the same as if you chose from the native platform.
This service combines all of your streaming services in one place. Here's how it works
Overall, the site is clean. However, the most surprising thing is that tapping a show launches the title in a separate browser. What this means is that load times are largely the same as if you chose from the native platform. If Reelgood could ever host the videos themselves, it would feel more groundbreaking and seamless. For users who struggle with deciding on a choice, Reelgood makes the process quicker and easier. The search function was quick, useful and provided plenty of results.
Trump and Putin reportedly may have met even more times at the G-20 summit
Russia's foreign minister said President Vladimir Putin and U.S. President Donald Trump may have had more meetings together at the G-20 summit earlier this month, but he "shrugged off the importance of the encounters," according to a new report. Sergei Lavrov told NBC News in an interview, "They might have met even much more than just three times," while brushing off speculation about the meetings between the two world leaders. "Maybe they went to the toilet together," he joked.
A Bank of America vice chairman has been contacted about Uber's vacant CEO position, according to a report
Bank of America Vice Chairman Anne Finucane has been contacted by multiple people close to Uber's board of directors regarding the company's vacant CEO position, according to a report from Axios. Axios reports Finucane is "said to be intrigued by the opportunity," but that no official talks with either the company or its executive search firm have been held.
Rodents reportedly fall from ceiling of Dallas Chipotle
The sky might not be falling but the alternative isn't pretty. Reports say rodents are at one Dallas area Chipotle Mexican Grill, where some customers told NBC DFW their lunch was "ruined by rodents falling from the ceiling" on Tuesday. Diners captured cellphone video inside the restaurant that show rodents crawling around the floor and one climbing up the wall. According to the story, customers claim the rodents fell from the ceiling.
Analyst: Government 'hurting instead of helping,' backs Dimon's comments
Jeffery Harte understands where Jamie Dimon is coming from. The Sandler O'Neill analyst said Friday on CNBC's "Power Lunch" he "enjoyed" hearing JPMorgan's Dimon express his frustration about gridlock and bureaucracy in Washington when his bank reported earnings Friday morning. "Jamie was voicing some frustration many have, including myself," Harte said about the government's delay in legislating tax reform.
Credit Suisse says 'stick with equities,' raises 2017 S&P 500 forecast
Credit Suisse just raised its year-end forecast for the S&P 500 and told investors to "stick with equities." In a note published Friday, its head of global equity said "the bull market will continue" because interest rates will remain low, earnings will come in stronger than expected and the normal signs of a peak in the credit cycle are simply not there. The analyst, Andrew Garthwaite, said that perhaps the most important factor of the current bull market is a slowdown in wage growth.
Fox shares tank on news Murdoch not offering Britain new deal to fast-track Sky takeover
21st Century Fox has seen its shares tank after reports emerged Rupert Murdoch will not strike a deal with Britain's culture secretary over his company's takeover bid of British news organization Sky News. Fox's preferred stock dropped sharply on the news, which delays Fox's chances to buy the roughly 60 percent of Sky it does not already own. FOXA was down about 2.55 percent to 27.92 mid-afternoon.
Show More
loading
Actions
Get in touch with David
Contact David, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack