CEOs meet in secret over the sorry state of public companies

Here is the latest US News from CNBC.

CEOs meet in secret over the sorry state of public companies
In a series of meetings, titans of business and finance grappled with what they see as a problem of too much money going and staying private.

Trump would not leap to defend Baltic states from Russian attack: NYT
Republican Presidential candidate Donald Trump said he would not automatically come to the aid of Baltic states if they came under Russian attack.

‘Heat Dome’ will make parts of the US feel like 115 degrees
A heat alert grew to include parts of 21 states as a “heat dome” is expected hover over much of the nation later this week.

Read the open letter on best business practices those CEOs signed off on
Read the open letter that includes its list of principles which are intended to stir a conversation within the business community.

How robot therapists can fill a gap in health care
Robots are eliminating job drudgery in hospitals, and they’ll soon take on therapeutic roles.

Why defense stocks could keep soaring no matter who wins the election
Shares of defense contractors Lockheed Martin and L-3 Communications hit highs this week. Now what?

Byron Wien: Prepare for a pullback — the S&P is set to slide 6% or more
Widely followed investor Byron Wien predicts that stocks are set to go negative on the year.

Blackstone earnings beat forecasts on real estate, energy
Blackstone reported higher-than-expected net income of 44 cents per share, helped by strong real estate investments and a rebound in energy prices.

Trump will destroy ISIS; Clinton failed on her watch, says Florida gov
Florida Gov. Rick Scott says Donald Trump will eradicate the Islamic State terror group and boost the U.S. economy.

Southwest Airlines reports record quarterly profit, but misses estimates
Southwest Airlines’ quarterly profit rose 35 percent as fuel costs fell and the budget airline flew fuller planes.

Warren Buffett: Corporate guidance can lead to malpractice, bad results
Buffett says companies should stop issuing earnings guidance because it can lead to “malpractice” and “bad results.”

GM raises full-year forecast after strong second-quarter result
GM raises its forecast for full-year profits after reporting a record second-quarter profit.

Expect fiscal stimulus from new president, but market risks ahead, expert says
Fiscal stimulus will likely come no matter who wins the presidency, but expect rocky road for the market first, strategist says.

What this young GOP senator said about running for president, or didn’t say
U.S. Sen. Tom Cotton took time out at the convention to talk with CNBC’s John Harwood about the GOP, Trump and his ambitions.

Unilever buys Dollar Shave Club, the razor business built on a very viral video
Unilever is buying Dollar Shave Club, the male grooming brand that co-founder Michael Dubin started from his apartment in 2012.

30 Republicans could run for president in 2020
The 2020 Republican primary could feature a bigger field than this past cycle, The New York Times reported.

McDonald’s franchisees fear fresh beef push is food safety disaster in the making
Fresh, never-frozen beef patties may be what consumers want, but McDonald’s franchisees are concerned it could give way to a food safety disaster.

Aetna and Humana still talking to DOJ
Aetna and Humana are prepared to fight in court if the Department of Justice blocks their deal.

Hawaii Democratic congressman Mark Takai dies
Rep. Mark Takai, a first-term Democrat from Hawaii died after having been diagnosed with pancreatic cancer.

Two officers have minor injuries after fight breaks out in Cleveland, police say
A fight broke out in response to a protest outside the Republican National Convention.

Here’s what a President Trump would do on energy, Harold Hamm says
A President Donald Trump would ensure the country developed more oil and gas, Continental Resources’ Harold Hamm says.

Democrats v. GOP on trade, jobs — by the numbers
Which party has done a better job managing trade deals and bringing “good-paying jobs” back to the U.S.? CNBC crunched the data.

Corning’s new Gorilla Glass 5 is meant to survive epic smartphone drops
The glass was designed to improve performance when dropped onto rough surfaces from certain heights, The Verge reports.

Urban League CEO calls violence a ‘flash point’ signaling deeper, systemic issue
National Urban League CEO Marc Morial discusses race relations in America and healing the rift between police and communities.

Sales-tax holidays may not be the great deal they seem to be
Tax-free back-to-school shopping isn’t the bonanza it may seem to be.

Melania Trump speechwriter reveal raises even more questions
The Trump campaign’s attempt to put its convention week controversy to rest raised even more questions.

Conventions are about positive energy; RNC has been ‘lumpy,’ says ex-Reagan aide
Ed Rogers said the Republican National Convention has at times lacked the positive energy on which conventions thrive.

Apple could make billions with ‘Pokemon Go’
Needham Managing Director Laura Martin estimates that “Pokemon Go” could generate $3 billion in revenue for Apple.

Musk is ‘finishing up’ master plan, and listening to movie soundtracks
Elon Musk tweeted that he is finishing his much-anticipated secret master plan for Tesla.

Copy that: Melania Trump’s odds of a word match
What are the odds that Melania Trump lifted passages from Michelle Obama’s 2008 speech? CNBC did the math.

The fundamental and technical reasons why Netflix could plunge another 42%
“The fact is that long-time members are running out of stuff to watch,” analyst Michael Pachter says of Netflix.

Uneasy Trump ally Ryan says GOP beats Clinton in ‘contest of ideas’
Paul Ryan, at times an uneasy ally of Donald Trump, tells the GOP convention Trump offers a “better way” than Hillary Clinton.

Twitter permanently bans Breitbart’s Yiannopoulos, one of its worst trolls
The tech editor at conservative news site Breitbart has been banned for good for repeatedly abusing other users, Twitter confirmed Tuesday.

Man Group CEO Manny Roman to join Pimco as its new chief
The chief executive of the world’s biggest listed hedge fund Man Group Manny Roman will join Pacific Investment Management Co as its new CEO.

Garry Marshall, creator of ‘Pretty Woman,’ ‘Happy Days,’ dies at 81
Garry Marshall, whose hits included “Happy Days,” “Laverne & Shirley” and box-office successes included “Pretty Woman” and “Runaway Bride,” has died.

Fox News, Ailes in negotiations over exit following sex harassment charges: Report
Roger Ailes and Twenty-First Century Fox are in negotiations over his departure following allegations of sexual harassment, Reuters reported.

Mortgage applications drop 1.3%, as refinancing loses some steam
The rush to refinance home loans lost some steam last week, as mortgage rates lifted off their lows.

What the Microsoft earnings beat means for the market: Trader
Microsoft’s earnings beat is a sign that technology stocks could be joining the outperformers, Todd Gordon says.

Negotiating finances in a multigenerational household should be a family affair
Before moving into a multigenerational household, you need to iron out the financials around the kitchen table.

Morgan Stanley solidly beats earnings expectations
Morgan Stanley topped analysts’ estimates for the second quarter, reporting earnings per share of 75 cents and revenue of $8.9 billion.

Netflix’s biggest bull: The story is still intact — here’s why
Despite a dismal quarter and huge share slide, BTIG’s Rich Greenfield says Netflix still has plenty of upside.

US files suit in connection with a probe of scandal-hit Malaysian fund 1MDB
The U.S. Department of Justice filed a lawsuit on Wednesday seeking to seize properties tied to Malaysian state fund 1Malaysia Development Berhad.

Wall Street is running out of jobs to cut — so it’s cutting pay
Banks earnings reflect more cuts to pay, than to headcount. It’s a sign some could be hitting peak efficiency.

5 winning money strategies for single parents