Stephen Hahn, nominee to be commissioner of the Food and Drug Administration, testifies during his confirmation hearing in the Senate Health, Education, Labor and Pensions Committee on Wednesday, Nov. 20, 2019. A Senate panel on Tuesday advanced President Donald Trump’s nomination of Dr. Stephen Hahn to be the next Food and Drug Administration commissioner. The Senate Committee on Health, Education, Labor and Pensions approved Hahn’s nomination in an 18 to 5 vote, sending his nomination to the f

Ford Motor is fighting to gain ground in China as its market gets as tough as it has been in decades. All three Detroit automakers, plus newcomer Tesla, are trying different ways to snag a piece of the world’s largest car market. Number 1 U.S. automaker General Motors is also the biggest U.S. carmaker in China by sales. Tesla has been importing cars to China, but in November, it said it plans to soon begin selling vehicles made in its China factory. It has spun the China business out of its Asia

Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. The holiday shopping season has begun in earnest, with nearly 190 million consumers shopping between Thanksgiving and Cyber Monday, the National Retail Federation said Tuesday. In October, the NRF released its initial forecast, predicting that holiday retail sales in November and December will grow between 3.8% and 4.2% from a year ago. But as consumers shop more online, brick-and-mortar

LOS ANGELES – Porsche is receiving a surprising amount of interest from Tesla owners for its new all-electric Taycan sports car, according to the head of the automaker’s North American operations. Klaus Zellmer, president and CEO Porsche Cars North America, said out of “thousands” of potential U.S. customers who have shown “sincere interest” in the vehicle, Tesla owners are the highest among non-Porsche owners. The German automaker, according to Zellmer, was “surprised” by the initial number of

House Intelligence Committee releases impeachment inquiry report, accuses Trump of obstructionThe House Intelligence Committee has released its impeachment inquiry report. CNBC’s Ylan Mui reports on the 200 page document.

Job seekers line up to meet with recruiters during the Job Hunters Boot Camp in San Mateo, California. The pace of payrolls growth, already around the weakest of the decade-old recovery, could look even weaker once the numbers-crunchers get through counting. A slowing in job growth would be expected at this point, though there are still more than 7 million job openings against 5.9 million employment seekers, a gap that reflects slack and an ability to expand. “A slower pace of payroll growth wou

U.S. Representative Duncan Hunter arrives at court where he was expected to plead guilty to federal charges stemming from allegations that he and his wife misused campaign funds in San Diego, California, U.S., December 3, 2019. Rep. Duncan Hunter, R-Calif., pleaded guilty on Tuesday in federal court to a single felony count of misuse of campaign funds, Reuters reported. He and his wife were charged with 60 criminal counts of campaign finance violations in August 2018. They were under fire for al

Watch CNBC’s full interview with Amazon Web Services chief Andy JassyCNBC’s Jon Fortt sits down with Amazon Web Services CEO Andy Jassy on adding three new products to the Amazon’s cloud division, including Outposts, Local Zones and WaveLength, which helps improve mobile speeds by cutting out a few steps

1 city for expats to move abroad for work, according to the annual Expat Insider survey by InterNations, an online resource group for expats around the world. More than 20,000 expat workers participated in the survey and represented 178 nationalities living in 187 countries or territories. For the best cities ranking, expats rated 25 elements of living abroad that measured quality of life, getting settled, work-life satisfaction, financial security and housing, and local cost of living. That’s c

A wild idea: Taking Facebook privatePerhaps no analyst is as willing to be provocative in discussing Facebook’s cash issues as Freeman, who rates the company’s stock a buy. But Mahaney projects that number to grow to $40 billion this year and a whopping $60 billion by 2021. Facebook can easily reduce its share count and build earnings per share, and share price through buybacks, she said. Even with rising investment, the company has generated about $17 billion in free cash flow over the last fou

One streaming stock is blowing the rest away this year. The stock came under pressure on Monday after Morgan Stanley downgraded to underweight on valuation concerns. Katie Stockton, founder of Fairlead Strategies, says the stock could see near-term pain until the long-term trend reasserts itself. “It’s a long-term uptrend for the stock. “It’s not impacting the long-term uptrend which you can really judge by the rising 200-day moving average.

WASHINGTON — President Donald Trump arrived in London for the two-day NATO leaders meeting reiterating that too many members of the world’s most powerful military alliance still aren’t paying enough. Trump has frequently dressed down NATO counterparts and threatened to reduce U.S. military support if allies do not increase spending. In London, Trump singled out German Chancellor Angela Merkel for not meeting the 2% of GDP spending goal set in 2014. “So we’re paying 4 to 4.3% when Germany’s payin

Navy Adm. Michael Rogers, commander of the US Cyber Command, director of the National Security Agency and chief of Central Security Services. Rogers discussed the multi-faceted problems facing the U.S. over China technology in an interview that aired Tuesday on the cybersecurity podcast Task Force 7 Radio . After World War II, Rogers said, “It was the West who developed the core technologies that powered this economic growth. They didn’t have the global economic impact or capabilities that we ha

President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election. The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s

Democrats on Tuesday publicly released a new report accusing President Donald Trump of soliciting Ukraine to interfere in the 2020 election for his benefit and obstructing the impeachment inquiry in the House of Representatives. “In pressuring President Zelensky to carry out his demand, President Trump withheld a White House meeting desperately sought by the Ukrainian President, and critical U.S. military assistance to fight Russian aggression in eastern Ukraine,” the report says. The report, wr

The market is now grappling with the likelihood of no trade deal, but the critical issue is tariffs. I asked UBS Art Cashin if traders would be satisfied with 1) no new tariffs on Dec. 15, 2) keeping additional tariffs, and 3) no deal going into the new year. If additional tariffs are put on Dec. 15, that is a different story: “Then there’s another sell-off. If they put on additional tariffs and he bumps them by 10% or 15%, a sell-off but nothing severe. “This could provide an opportunity for of

Elon Musk’s actions that landed him in a courtroom Tuesday are another example of how tech companies are increasingly having trouble controlling their founders, management expert Jeffrey Sonnenfeld told CNBC. “We have boards that seem unable to direct genius founders,” Sonnenfeld said on “Squawk Box.” Sonnenfeld, a senior associate dean at the Yale School of Management, spoke ahead of the Tesla CEO’s court appearance. The defamation case, Sonnenfeld said, shows “another one of these boards that

My local police department recently posted some holiday crime prevention tips to its website, which highlight, among other things, how to avoid having your packages stolen from your doorstep. As deliveries soar during the holiday season, packages left on doorsteps are easy targets for criminals. The New York Times reported on Monday that up to 90,000 packages are stolen or lost daily in New York City. But, as I’ve found in my own town, people still will run up to doorsteps and steal packages any

The home-sharing company had to comply on Sunday with strict new regulations in Boston that require hosts to register their listings with the city. The city’s crackdown on Airbnb listings comes amid a wave of similar laws proposed in cities around the world. Less than half of listings have appliedThe city has received 1,778 applications for registration, and so far approved 737, city officials said. The company had about 4,000 total listings in Boston just over a month ago, according to city off

Amazon is using next-generation 5G wireless networks to help businesses download data from the cloud faster. At launch, Amazon is partnering with Verizon to incorporate WaveLength technology into parts of its wireless network. Lower latency is one of the big benefits that’s expected to arrive with 5G networks. Amazon is launching WaveLength at a time when excitement is ramping up around 5G networks. In addition to WaveLength, AWS announced Local Zone, a new set of cloud-computing infrastructure