Hamptons summer rentals down 30% compared to last year
CNBC's Robert Frank joins 'Squawk on the Street' to discuss why rentals in the Hamptons are piling up.
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Yahoo
31 minutes ago
- Yahoo
Jamie Dimon says ‘don't put a good foot forward, put the truth forward' and reveals what would get him into public service
CEO Jamie Dimon was asked about leadership lessons at the end of a wide-ranging interview during the Reagan National Economic Forum on Friday. He talked about getting out, listening to people, observing, providing honest assessments, and having humility. He also explained what would lure him from the private sector to the public sector. Wall Street's longest-tenured CEO said it's better to give an honest assessment than to make the boss feel good. At the end of a wide-ranging interview during the Reagan National Economic Forum on Friday, CNBC's Morgan Brennan asked JPMorgan Chase CEO Jamie Dimon about leadership lessons. The first thing he said was, 'get out, get out, get out, get out, talk to people, talk to clients. I talk to everybody.' Noting that President Dwight Eisenhower, a Republican, regularly met with Democratic leaders, Dimon also discussed the importance of hearing opposing views as well as listening to complaints and learning about rivals. 'Observe, observe, observe, and have all your people do it,' he added. 'And it's a never-ending process. Because we have competitors from around the world, and they're smart, and they're tough, and they're coming.' Then he turned to what makes companies that were once pace-setters in their respective industries fail. Dimon pointed to arrogance, greed, complacency, and bureaucracy. Companies can 'bull—t' themselves about how they're earning money and why, while executives may feel pressure to make the boss feel good and avoid embarrassing someone, he explained. 'When people say to me, put a good foot forward, I always say, don't put a good foot forward, put the truth forward, 100% the truth,' Dimon said. 'Tell us, and we will deal with it. It's OK. So a deep, honest assessment.' He also put humility and curiosity on the list of traits leaders should have, saying 'people don't want to work for jerks' and don't want to work for bosses who blame others. Meanwhile, CEO succession at the world's biggest bank by market cap has been an ongoing parlor game on Wall Street, and Dimon recently reaffirmed that he is stepping down sometime in the next two to four years. But at the still relatively young age of 69, there has been widespread speculation that he might have a second act in the government, either in elected office or an appointed role. Earlier this year, he even admitted that he considered running for president of the United States, but decided against it because didn't want to spend so much time away from his family. And while running for re-election last summer, Donald Trump suggested he might consider Dimon for Treasury secretary, though he later ruled him out. On Friday, Dimon was asked what it would take for him to enter public service. His answer hinted at some humility. 'Alright, ready? I'll tell you: if I thought I could really win, which I don't think I could,' he said. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 hours ago
- CNBC
Couple bought a homestead for $390,000, spent $13,000 on DIY renovations: Their No. 1 takeaway after a year on the land
In 2023, Sophie Hilaire Goldie, 37, and Rocky Goldie, 50, had just finished converting a friend's Home Depot shed into a tiny home and were ready to start looking for their own place together. "If it wasn't for meeting her, I probably would have ended up in a little shack," Rocky tells CNBC Make It. "I took a long way to get here but I wanted to be some type of homesteader when we met. She had the same vision and it's not common to meet somebody who does." "He also wanted to be living off the land and homesteading," Sophie adds. "But he didn't have this big grand vision of all these buildings. He just wanted something simple." The couple started their search on Zillow with a specific list of requirements that included "at least 10 acres of land" and located "deep in rural Kentucky." "We love old things and antiques, so we wanted a place with some history. We were actually looking for a fixer-upper that had some history, and we weren't really finding great stuff on Zillow," Sophie says. A local photographer connected the couple to a realtor who found them a 37.5-acre homestead for around $390,000. The property had two log cabins from the 1840s that had been combined to make one 2,200 square foot house — with four bedrooms and one bathroom — and one 200 square foot cabin and two barns. "I think I had been waiting my whole life to finally come home. There were elements of the shed that felt like that but this place, more than anything, felt right. I knew it would be the last time I was moving and where I'll spend the rest of my life," Sophie says. "I knew I wanted to put so much energy into these surrounding acres and this view. Finding home in Rocky and this home felt like I could finally let go of the burden I was carrying on trying to find a place." When the couple first visited the property, it was in pretty bad shape. There was poison ivy in the front yard, the sidewalk had cracks, and there was garbage everywhere. But Sophie felt optimistic. "I knew we were going to buy this house before we even stepped foot into it," she says. "I saw all of the promise. With me and my husband working on this place full time, in a few years we could transform this place." "I knew it looked terrible but I could see underneath all of it," she adds. Rocky was less sure but says he was swayed by his wife's enthusiasm. "I thought it was going to be a lot of work and that it was beautiful," he says. "Sophie was always talking about the pros and I was talking the cons, but she convinced me." "I think we balance each other out that way. I'm toxically optimistic and Rocky is pessimistic, but I knew there was no way we weren't going to live here," Sophie adds, laughing. Sophie and Rocky closed on the property in early 2024. The couple secured a 30-year mortgage with a minimum monthly payment of $1,790.18 and plan to pay it off in under five years. Since moving in a year ago, Sophie and Rocky have focused on doing renovations around the house and the property themselves. The couple estimates they've spent about $13,000 so far: $9,000 on tools and $4,000 on the interior of the house. That doesn't include the hundreds of hours the couple has spent doing things like clearing out old trees and bushes, getting rid of all the poison ivy on the property and getting rid of an infestation of brown recluse spiders — one of two spiders in North America with dangerous venom, the other being the Black Widow. Sophie says that when she looks back on the first year of living on the homestead, she splits it into two categories: the work and their mindset. "The first part of the year was a lot of clearing. This place was covered in trash and so it was a lot of trips to the dump. It was a lot of sorting through that stuff before we even took it to the dump. It was also the chaos of having way too many animals and that is completely my fault and I knew it, but I also couldn't stop myself," she says. "I think that first year was really hard and it's hard to even go back to that place but it was also so amazing and exciting. There was an endless amount of things to do, but it was all fun and exciting." Sophie and Rocky have also added new things to the grounds like a garden, many fruit and nut trees and over 30 animals, including chickens, a goat, guinea fowls and cats. On top of the additions to the grounds, the couple has also started renovations on the house, including redoing the kitchen, the bathroom and organizing the rooms throughout the house. The two are trying to set themselves up to be as self-sustainable as possible, too. They eat the eggs from the chickens in the barn and use the milk from the goat to make cheese, creamer, and to bake. The hope is to also use the material they get from the clearing to make their own hay. "We've got our own eggs. We've got fruit. This will be the first year that we will be canning, which I learned from one of our neighbors," Sophie says. "One of the rooms we're redoing to make it into a canning room, which is going to have who knows how many months worth of food ready to go." Now that the couple has been living on the property for a little over a year, Sophie says the most significant lesson she's learned is the impact a person can have on a piece of the planet. "We came here and now you can see how, as long as there are two people here working on this most of the time, you could take a place that was so neglected and change it," she says. "Now we see the rapid abundance of all the work we put into it. It makes you think so much more about the impact that we have on the planet, especially in stewarding this one piece of land. It's a big responsibility because you have a lot of power to do good or bad." For Rocky, the biggest lesson he's learned is who he is outside of his career. He served in the Marines for several years before transitioning to a career in maintenance, which spanned over 20 years. "He was so tied to that identity and when I told him to quit his job and homestead full-time, I saw the sirens going off in his head," Sophie says. "Since he quit, I ask every few months or so how he feels and every time his answer is the same, he forgot to even think about the fact that he quit his job." "It's ingrained into you in this culture that people identify themselves with their jobs. The job becomes your identity and even if you've got somewhat of a plan of how you want to live like we did, it was still scary to let go of that lifeline," Rocky says. "When I left, I thought I would probably sit back and think about what I would be doing at work today but it never happened. The only thought that I have now is why I didn't do it sooner." Sophie and Rocky have no plans of ever selling their property, and are excited to continue working on the homestead, growing Sophie's skincare company, Seoul + Soil, and sharing their journey on YouTube. "I look forward to the day when it's not all these huge projects and all the major stuff is one and then we're just sitting around dilly-dallying and doing our hobbies," Sophie says. "I always want to keep learning and eventually spend half of my day just sitting here doing a hobby." Similar to Sophie, Rocky looks forward to the time when he can simply enjoy his hobbies. "I love to read and learn something, so I would say my goal would be to get to the point where I could do day on, day off of reading, learn something and then go practically apply it the next day," Rocky says. "I sit and think about what my goal is but it's more of a feeling and I kind of already have that feeling where I can sit back and just feel at peace and there's nowhere else in the world I would rather be. I think I'm already at the destination." ,
Yahoo
5 hours ago
- Yahoo
Trump calls out Putin, accuses China of not honoring trade deal terms during 19th week in office
President Donald Trump put Russian President Vladimir Putin on notice, and issued some harsh words to China and their ongoing trade negotiations during his 19th week in office. "What Vladimir Putin doesn't realize is that if it weren't for me, lots of really bad things would have already happened to Russia, and I mean REALLY BAD. He's playing with fire!" Trump wrote in a Truth Social post Tuesday morning. Dmitry Medvedev, the deputy chairman of the Security Council of Russia and former Russian president, responded in kind and issued his own words of caution to the U.S. "Regarding Trump's words about Putin 'playing with fire' and 'really bad things' happening to Russia. I only know of one REALLY BAD thing — WWIII. I hope Trump understands this!" Medvedev wrote. White House Reveals Possible Penalties On Putin Amid Peace Push: 'Whatever It Takes' Trump's remarks come as Russia has ramped up its attacks against Ukraine in recent weeks, and as the U.S. has sought to distance itself from the conflict between the two countries. Meanwhile, Trump said on Wednesday that time is limited for Putin to get serious about coming to the negotiating table and engage in peace talks. Otherwise, the U.S. might adopt a different approach, he said. Read On The Fox News App "We're going to find out whether or not he's tapping us along or not, and if he is, we'll respond a little bit differently, but it will take about a week and a half to two weeks," Trump told reporters in the Oval Office on Wednesday. Here's what also happened this week: Trump accused China of violating an initial trade agreement that Washington and Beijing were hashing out in May. Following those negotiations, both countries agreed that the U.S. would cut down its tariffs against Chinese imports from 145% to 30%, and China would reduce its tariffs against U.S. imports from 125% to 10%. But Trump said that China hasn't followed the terms of the agreement, without disclosing specifics. "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US," Trump said in a social media post Friday. "So much for being Mr. NICE GUY!" 'No Reason' For New Nukes: Trump Floats Disarmament Talks With China, Russia U.S. Trade Representative Jamieson Greer said after Trump's post in an interview with CNBC that China had failed to remove its non-tariff barriers, as outlined in the deal. "The United States did exactly what it was supposed to do, and the Chinese are slow-rolling their compliance which is completely unacceptable and has to be addressed," Greer said on Friday. Meanwhile, China pressed the U.S. to reverse course and urged the U.S. to address its own mistakes. "China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva," Chinese embassy spokesperson Liu Pengyu said in a Friday statement. Canada also could receive protection from Trump's so-called Golden Dome — if it becomes part of the U.S. Trump has long pushed for Canada to become the 51st state, along with expressing interest in acquiring Greenland and the Panama Canal. Trump Claims Canada 'Considering' Offer Of Free Golden Dome In Exchange To Become 51St State "I told Canada, which very much wants to be part of our fabulous Golden Dome System, that it will cost $61 Billion Dollars if they remain a separate, but unequal, Nation, but will cost ZERO DOLLARS if they become our cherished 51st State," Trump said in a Tuesday social media post. Trump has long touted setting up a Golden Dome, a defense shield initiative for the U.S. akin to the one Israel has protecting article source: Trump calls out Putin, accuses China of not honoring trade deal terms during 19th week in office
