SINGAPORE — U.S. companies aren’t likely to pack up their manufacturing operations in China and move them back home amid the trade war between Washington and Beijing, according to a prominent economist. That’s because supply chains are “very difficult to put together, and equally difficult to disentangle,” said Stephen Roach, a senior fellow at Yale University. Still, several American firms have made plans to diversify their production beyond China since the trade war started last year. But few

Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. The leaders of the U.S.-China trade negotiations held another phone call on Tuesday morning, China’s Ministry of Commerce said in an online statement. Liu He, China’s top negotiator on trade, spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the statement said. Xi also said China holds a “positive attitude” toward the trade talks, the report said. Pres

U.S. stock index futures were slightly higher Tuesday morning. ET, Dow futures rose 20 points, indicating a positive open of more than 14 points. Futures on the S&P and Nasdaq were both seen marginally higher. On the data front, advanced economic indicators for October and the Philadelphia Fed non-manufacturing index for November will be released at 8:30 a.m. The latest monthly Richmond Fed survey and Dallas Fed services data will be published at around 10:00 a.m.

American Express is introducing a new reservation booking tool in the Amex mobile app. The new feature will allow Platinum® Card and Centurion members to search, book and manage reservations in one streamlined mobile experience. This new reservation booking tool is now available to a portion of Platinum Card® members and will be available to the broader Business Platinum®, Platinum® and Centurion card members in early 2020. When you dine at a restaurant booked through this tool, you’re not requi

Activist investor Starboard Value has taken a stake in CVS Health, The Wall Street Journal reported Monday. Though Starboard’s stake is small and its conversations with CVS friendly, the exact amount of the investment in the retail pharmacy company couldn’t be determined, according to the Journal report. Starboard’s most recent government filing shows it accrued its reported stake in CVS Health after the end of the third quarter. CVS Health declined to comment on the Journal’s report. CVS’ stock

Global car sales are expected to fall by about 3.1 million in 2019, a bigger drop than in 2008, Fitch Ratings economics team said Monday, citing data collected by the International Organisation of Motor Vehicle Manufacturers. The slowdown in auto sales is contributing to a drag on global manufacturing, Fitch said. Global passenger car sales fell to 80.6 million in 2018 from 81.8 million new units sold in 2017, which was the first annual decline since 2009, Fitch said. Coulton said weak credit gr

Pinterest unveils new shopping features ahead of Black FridayCNBC’s Julia Boorstin takes a look a new shopping-focused features unveiled by Pinterest ahead of the holiday shopping season.

Why it’s the perfect millennial giftI know, I know. A millennial patient of mine acknowledged that, as a millennial, he might not seem like the “paper planner” type. Favorite features: Ringed binding (so you can refill the pages and use it again next year)Weekly tabs and dividersBlank notepad for journaling 3. Dailygreatness Vagami Self-Leadership Planner ($99)DailygreatnessThis planner is reusable and made of vegan leather, so you can save money and the planet. Favorite features: Self-leadershi

Levels of greenhouse gases in the atmosphere have again hit a fresh record high, the World Meteorological Organization (WMO) said Monday. This is 47% higher than the estimated pre-industrial level in 1750. The WMO added that atmospheric methane amounted to 1869 parts per billion (ppb) last year, another new high, while nitrous oxide hit 331.1 ppb in 2018. Methane is over double the pre-industrial level, while nitrous oxide is 23% higher than the pre-industrial level. “Per the terms of the Agreem

The head of Russia’s Olympic Committee on Monday called for a full overhaul in the leadership of the country’s suspended athletics federation after the sport’s global governing body halted its reinstatement process. Russia’s athletics federation had been suspended since 2015 over a report commissioned by the World Anti-Doping Agency (WADA) which found evidence of mass doping in the sport. Stanislav Pozdnyakov, head of Russia’s Olympic Committee, said in a statement that the entire leadership of

Shares of the data analytics provider climbed more than 5% to as high as $148.18. With its two-day surge, Splunk shares are now up 41% for the year, topping the 25% gain for the S&P 500. Splunk said that strength in the quarter was driven by its public-sector business, which notched “several mid eight-figure orders” with federal government agencies. Jason Child, Splunk’s finance chief, clarified that most of those deals are between $10 million and $20 million over three to five years. In the thi

How to give gifts within your budgetCo-founder of The Emily Post Institute, Lizzie Post, shares how to give holiday gifts on a budget.

Is this $300 bottle of Chinese wine worth the money? Ao Yun is the first luxury wine from China. It costs around $300 per bottle and it’s hard to get. Only 2,500 cases are produced each vintage and 30% of that is sold in China. So is Ao Yun worth $300 a bottle?

That year, in 1981, Bloomberg and three friends — Thomas Secunda, Duncan MacMillian and Charles Zegar — founded software company, Bloomberg L.P.Today, Bloomberg L.P. has grown into a global leader in business and financial data as well as a media company that employs 20,000 people in 167 offices around the world. (Annual revenues for Bloomberg L.P. reportedly surpassed $10 billion in 2018, according to a leaked memo obtained by Business Insider.) “My advice is [to] get rid of the words, ‘I and m

With Texas’ departure, 14 states and the District of Columbia are still fighting the deal. The $26 billion deal announced in 2018 would shrink the number of U.S. mobile carriers from four to three, inviting scrutiny from regulators. New York and California announced earlier this year they were leading a coalition attorneys general in a suit to block the deal. A spokesperson for the New York Attorney General’s Office told CNBC on Monday that the deal with Texas will not stop the suit from moving

The Supreme Court said on Monday that it will not hear an appeal from Adnan Syed, whose 2000 murder conviction was the focus of the first season of the popular audio show “Serial.” “In this case, however, the jury never heard McClain’s testimony,” Syed’s attorney Catherine Stetson wrote in a brief. A Baltimore state court reopened Syed’s case in 2015. In June, the top court ruled in favor of another individual whose murder conviction was the focus of a popular podcast. The case is Adnan Syed v.

Getty ImagesIt could be at a large charity organization or a local one, such as a food bank or a boys and girls club. In fact, volunteering at a small, community-based charity could make a very big difference to that organization, said Stacy Palmer editor of The Chronicle of Philanthropy. Think outside the boxSoup kitchens and food banks are great places to donate your time. However, you can also think about other venues or activities that are overlooked in your community, Palmer said. Join a bo

Guido Mieth | DigitalVision | Getty ImagesWith a New Year comes a new start, and your retirement is no exception. And those already in retirement will see a modest boost to their Social Security retirement benefits, along with increased Medicare Part B premiums. Retirement savingsNext year, you will be able to save as much as $19,500 in your 401(k) plan and up to $6,000 in your individual retirement account. Social Security benefitsIf you are receiving Social Security benefits, you can expect a

Reveal’s Will Evans: Injuries in Amazon warehouses are double the industry averageWill Evans, reporter at Reveal, joins “Squawk Alley” to discuss his reporting on the safety at Amazon warehouses.

The Medicines Company’s Alex Denner on Novartis deal to buy the companyAlex Denner, chairman of The Medicines company and CIO of Sarissa Capital, joins “Squawk on the Street” to discuss Novartis’ offer to buy the company at $85 a share.