Josh Brown's Best Stock: Darden
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's adding Darden to his 'Best Stocks' in the market.
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Nissan's CEO on leading in chaos: Be fast and be flexible
If you've just taken the top job, Nissan's new CEO Ivan Espinosa has some advice for you. Espinosa steps into the role at a turbulent time for the global auto industry — with slowing EV sales, intensifying competition from China, and new tariffs threatening profits. "Keep the optimism up, because the environment is very tough, and you don't want to get overwhelmed," Espinosa told CNBC on Wednesday. "If you get overwhelmed, you can paralyze — and paralysis is not what you need in the current environment. You need to keep moving." And it's not just the auto world. Across sectors, CEOs are under pressure to navigate geopolitical instability, economic uncertainty, and rapid technological change. Many haven't lasted the course. CEO departures at U.S. companies surged 38% in December alone, according to data from Challenger, Gray & Christmas, published in January this year. For all of 2024, a record 2,221 chief executives stepped down — the highest number since tracking began in 2002. Espinosa believes the modern CEO needs to lead with a different mindset. "It's a very turbulent environment we live in. In the past, some CEOs were very stubborn, very resistant to change. I think now you need to stay open, and stay flexible." As the industry shifts, so does its leadership style. "There's a lot more collaboration," he adds. "We're having more open discussions about what we can do together. The context is very unique — geopolitics, supply chain challenges — and sometimes, it's just not possible to go it alone." While the past year has seen a record number of CEO departures, it's also ushered in a fresh wave of leadership. From Boeing and Starbucks to Stellantis and Nike, a new class of chief executives is stepping into the spotlight — and into some of the most challenging business conditions in recent memory. These leaders are taking the reins amid global uncertainty, geopolitical tensions, and rapid advancements in artificial intelligence. Add to that the growing risks of cybersecurity threats and supply chain disruptions, and the modern CEO's job description looks more demanding than ever. Nissan's Espinosa, took over in April, making him the firm's fourth CEO in eight years. He has plenty of experience at the Japanese autos giant, where he's worked since 2003, taking on his first role as a product specialist at the company's Mexico division, followed by positions in Thailand and Japan. Despite his extensive experience, Espinosa now has a tough brief: turn around declining sales and fend off intensifying competition from Chinese automakers. "We need to move quickly. We need to make decisions on the spot. And you need to be comfortable making decisions even when you don't have 100% of the information available," Espinosa told CNBC. "It's better to move and then correct course than just sitting and waiting." Shortly after taking the top job, Espinosa unveiled plans to slash 11,000 jobs and shut down seven plants as part of a major restructuring push. But beyond cost cuts, he's focused on building a cohesive leadership team. "What you cannot afford in today's very complex situation is to have a team that doesn't have the same goals and is not sharing the same objectives," he said.
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'We are seeing great opportunities, returns in Europe right now': Carlyle's Jenkins
Mark Jenkins, head of global credit at Carlyle joins CNBC from the sidelines of the SuperReturn conference to discuss the firm's expansion into Europe and how Trump's tariffs are impacting the private market.
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Trump says ‘extremely hard' to make a deal with China's Xi as trade stalemate fuels calls for leaders to talk
U.S. President Donald Trump said Wednesday that it was "extremely hard" to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade tensions. Scott Bessent, U.S. treasury secretary, said Thursday stateside that trade talks were "a bit stalled," and the two countries' leaders would likely need to weigh in. On Monday, a senior White House official told CNBC that Trump and Xi were likely to speak this week. It remained unclear whether such a call had been arranged. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!," Trump wrote on Truth Social. Washington and Beijing have blamed each other for violating a trade agreement reached in Switzerland on May 12. The deal included a 90-day suspension of most tariffs, as well as broad repeal of trade countermeasures by China against the U.S. imposed since early April. China has not significantly eased restrictions on rare earths exports, contrary to Washington's expectations. Beijing has also criticized the U.S. for moving forward on efforts to limit China's access to advanced technology. Last week, the Trump administration also announced it would start revoking visas for Chinese students. Chinese Foreign Minister Wang Yi said during his first meeting with the new U.S. Ambassador David Perdue Tuesday that the recent string of "negative measures" by the Trump administration were based on "groundless reasons," and undermined China's legitimate rights and interests, according to the official readout. In the readout, Chinese authorities cited Perdue as saying that Trump had "great respect" for Xi, while calling on the U.S. to "meet China halfway" and work together on bringing the bilateral relations to return to the "right track." "This is apparently Beijing trying to leave the impression that the Trump wants to talk. Beijing publicly doing so indicates the phone call is drawing near," said Neo Wang, lead China economist and strategist at Evercore ISI. He said the meeting between Perdue and the top Chinese diplomat was planned for building the trust that Beijing needs, "so that Xi doesn't get embarrassed by Trump after the call with words or actions." Trump and Xi last spoke in January, just before the U.S. president was sworn in for his second term. While Trump has in recent weeks said he would like to speak with Xi, analysts expect China to agree to that only if there's certainty there will be no surprises from the U.S. during the call. In a post on X late Tuesday, the U.S. ambassador said that he emphasized to Wang the U.S. priorities on trade, fentanyl and illegal immigration and the importance of maintaining bilateral communication between the two countries.
