President Donald Trump’s impeachment defense team will include Ken Starr, whose investigation led to the impeachment of President Bill Clinton, and Harvard law professor Alan Dershowitz, whose clients have included notorious pedophile Jeffrey Epstein and O.J. In addition to Starr and Dershowitz, the lawyer Robert Ray is expected to be on Trump’s impeachment defense team. Another lawyer on the team will be former Florida attorney general Pam Bondi, CNBC has learned. White House Counsel Pat Cipoll

Apple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference Monday, June 4, 2018, in San Jose, Calif. Here are the biggest calls on Wall Street on Friday:UBS said in its downgrade that Twitter’s ongoing investments into safety, security, and advertising technology could be an earnings headwind for 2020. “As we enter 2020, we see TWTR at a bit of a crossroads – we con’t to hear from ad industry contacts that 2020 should be a year where TWTR’s plat

The e-commerce giant currently has a market cap of $931 billion, but analysts on Wall Street are betting Amazon will be back in the club soon. Apple has a market value of $1.38 trillion, Microsoft has a market value of $1.27 trillion and the group’s newest member, Alphabet, has a market value around $1.0 trillion. There’s an exclusive club on Wall Street and it might let Amazon back in this year. This means analysts on Wall Street expect Amazon’s market value to reach about $1.08 trillion by yea

Hedge fund manager Stanley Druckenmiller said Friday he agrees with fellow billionaire investor David Tepper’s optimism on the market and said he, too, is still “riding the horse.” “I revealed a very bullish posture intermediate term since October when [Fed Chairman Jerome] Powell guaranteed he would not rescind the insurance cuts,” Druckenmiller said in an email to CNBC’s Joe Kernen. “So I am still ‘riding the horse’ and bullish immediate term,” echoing a phrase used by Tepper in an earlier ema

He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July. Epstein estimates that about 40% of Boeing’s profits last year came from the Max. That’s assuming the planes return to service in April, she said. Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan. Suppliers are walking a tightrope with the 737

Housing starts jumped 16.9% to a seasonally adjusted annual rate of 1.608 million units last month, the highest level since December 2006. Economists polled by Reuters had forecast housing starts would increase to a pace of 1.375 million units in December. Housing starts soared 40.8% on a year-on-year basis in December. An estimated 1.290 million housing units were started in 2019, up 3.2% compared to 2018. Single-family housing starts rose in the Midwest and the populous South.

David Tepper, billionaire founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record. “I love riding a horse that’s running,” Tepper told CNBC’s Joe Kernen in an exclusive email. The current bull market started in March 2009. However, there are signs the bull market may be a bit long in the tooth. Tepper told Kernen that “at some point, the market will get to a level that I will slow down that horse and eventually get off.”

The plan values WeWork China at around $1 billion, two of the people said. Singapore state investor Temasek and Shanghai-based private equity firm Trustbridge want to buy more shares to give them a combined majority stake in WeWork China, according to the people. SoftBank, Temasek and WeWork declined to comment. WeWork China has set out ambitious revenue goals for 2020, Reuters reported last month, even though it faces staff cutbacks and weak occupancy numbers at its properties across China. In

Senator Bernie Sanders has been steadily climbing in popularity this year and is now tied with former Vice President Joe Biden for the 2020 Democratic presidential nomination among registered voters, according to a Reuters/Ipsos national poll. Sanders and Bloomberg have increased their level of support in each of the last three Reuters/Ipsos polls starting in mid-December, while support for Biden, Warren, and Buttigieg has remained flat. The poll shows that standing does not appear to have been

WASHINGTON — Chief Justice John Roberts and the nation’s senators were sworn in Thursday afternoon for the impeachment trial of President Donald Trump. ET, Roberts asked the senators to “solemnly swear” to “do impartial justice according to the Constitution and laws.” The senators said “I do” together, and the clerk called senators up to sign the impeachment oath in groups of four. Roberts entered the room in his judicial robes and was sworn in by the Senate’s president pro tempore, Chuck Grassl

Airbnb to hold stakeholder dayAirbnb announced it will change its corporate governance structure to involve all stakeholders, not just investors. CNBC’s “Squawk Box” crew reports.

Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, stands for a photograph. President Donald Trump will pick two economists, Judy Shelton and Christopher Waller, to serve on the Federal Reserve Board, the White House said on Thursday. The Fed sets U.S. interest rates and closely guards its political independence as key to its ability to act in the best interest of the country’s economic health. Before joining the Fed in 2009 Waller was an economics pr

Prime Minister of Ukraine Oleksiy Honcharuk speaks during the Cabinet of Ministers of Ukraine meeting in Kyiv, Ukraine, on 15 January, 2020. Ukraine’s Prime Minister Oleksiy Honcharuk has submitted a letter of resignation and President Volodymur Zelenskiy will consider it, the presidential office said on Friday. “I came to the position of fulfilling the program of the President. He is for me a model of openness and decency,” Honcharuk said on Facebook. “However, in order to take away any doubts

Mark Carney, the outgoing governor of the Bank of England, has been named as the U.K. Prime Minister Boris Johnson’s finance advisor for this year’s COP26 climate change conference in Scotland. In a statement, Carney said he was “honored” to have been appointed to the role of finance advisor for the summit. “To seize it, all financial decisions need to take into account the risks from climate change and the opportunities from the transition to a net zero economy,” he added. He will begin both ap

A U.S. proposal that the future international tax reform could be optional for companies is a “non-starter” and is no longer on the table, French Finance Minister Bruno Le Maire said on Friday. Le Maire was speaking after meeting OECD Secretary-General Angel Gurria to discuss global tax reform. He also said it was up to U.S. authorities to make a move in coming days on a French digital tax targeting big tech companies.

Blockchain has topped the list of skills bosses are looking for in employees around the world this year, according to professional social media platform LinkedIn. Yet it was both first time blockchain made it onto LinkedIn’s rankings of in-demand skills and came in first place. Namrata Murlidhar, marketing director at LinkedIn, said blockchain had emerged from the “once shadowy world” of cryptocurrency to become a “transformative business solution.” Cloud computing came in second place, which is

A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million). The 22-carat gold coin, described as “one of the most coveted in the world” by the U.K.’s Royal Mint, is one of two to be privately held. According to the Royal Mint, which oversaw the transaction, the coin — officially titled the Edward VIII Sovereign — was previously owned by a collector in the United States. The coin was sold to its previous owner for £516,000 in 2014, afte

The European Union (EU) is revamping plans that could force smartphone makers, such as Apple, to share the same charging method. European policymakers want to make life easier for consumers as well as to reduce electronic waste across the 28-country region. “We are drowning in an ocean of electronic waste,” Roza Thun und Hohenstein, a European lawmaker said at the European Parliament Monday. Old chargers generate more than 51 000 metric tons of electronic waste per year, according to the Europea

Facebook and Instagram logo is seen on a mobile phone , on March 17, 2019. Tech giants like Facebook, Google and Twitter should be slapped with a “turnover tax” to fund research into the harms caused by their social media platforms, according to leading U.K. psychiatrists. In that report, the doctors also recommend “a levy on tech companies proportionate to their worldwide turnover.” “This would be used to fund independent research and training packages for clinicians, teachers and others workin

Iranian Supreme Leader Ayatollah Ali Khamanei makes a speech regarding Trump’s withdrawal decision from Iran nuclear deal during a press conference in Tehran, Iran on May 09, 2018. Iran’s supreme leader Ayatollah Ali Khamenei has called President Donald Trump a “clown” who merely pretends to support Iranian citizens but would push a “poisonous dagger” into their backs. He also described Tehran’s decision to attack military bases housing U.S. troops in Iraq earlier this month as a “day of God.” M