Latest news with #CenterviewPartners


Bloomberg
7 days ago
- Business
- Bloomberg
QVC Bondholders Hire Centerview, Akin as TV Network Struggles
With a wall of debt facing QVC Group Inc., a group of bondholders has hired Centerview Partners as well as Akin Gump Strauss Hauer & Feld as advisers, according to people familiar with the situation. The set of ad hoc creditors has holdings in the television shopping network's Liberty Interactive unit, or Linta, said the people who asked not to be identified discussing a private matter.


CNBC
01-05-2025
- Business
- CNBC
Richard Haass: U.S.-Ukraine minerals deal paves the way for two countries to cooperate going forward
Richard Haass, Council on Foreign Relations president emeritus and Centerview Partners senior counselor, joins 'Squawk Box' to discuss details of the U.S.-Ukraine minerals deal, impact on the Russia-Ukraine war, and more.
Yahoo
27-04-2025
- Business
- Yahoo
Rahm Emanuel stokes 2028 speculation
Rahm Emanuel has ramped up speculation in recent weeks that he's plotting a 2028 presidential run, adding a prominent name in Democratic circles to an already crowded list of possible candidates. The former Chicago mayor has been making the media rounds over the past month and hasn't ruled out several options for his political future, including another run for mayor or possibly seeking governor of Illinois. He has also become increasingly vocal about the Democratic Party's direction after its loss in November. Emanuel is a divisive figure in the party and would likely face a crowded primary field with other big names, but allies say he would bring a track record of knowing how to win tough races. 'Nobody brings more energy and more fight to a moment when we desperately need both,' said one Democratic campaign strategist. 'He immediately brings significant advantages to the table.' Emanuel has been a staple in Democratic politics for decades, first serving as an adviser in former President Clinton's administration before being elected to the House in 2002. He served for three terms before becoming former President Obama's first chief of staff in the White House. He stepped away from that role in 2010 to serve two terms as mayor of Chicago, declining to seek a third term amid poor approval ratings. He returned to public service in 2022, serving as ambassador to Japan for the final three years of the Biden administration. Emanuel has given strong indications he still harbors political ambitions. 'I'm not done with public service, and I hope public service isn't done with me,' he told Semafor earlier this month, similar to other statements he has made in recent months when asked about possible future ambitions. He has also increasingly become a fixture as a political analyst, regularly appearing on podcasts and talk shows and taking a gig as a CNN commentator. Meanwhile, he has been a consistent opinion columnist for The Washington Post since the start of this year. Emanuel has also received attention for being one of a few Democrats to call for the party to focus less on transgender issues, in the aftermath of polls showing voters trusted Republicans more on the economy and immigration, which were seen as the most important issues. He joined the investment bank Centerview Partners — where he previously counseled CEOs on mergers, regulation and political issues from 2019-21 — as a senior adviser this month, tying him to some longtime Democrats who work for the bank. But the biggest indicator may be Emanuel's moves behind the scenes. The campaign strategist said Emanuel has already reached out to staff to try to hire them ahead of a potential bid. 'He's definitely running,' they said. The Hill has reached out to Centerview Partners for comment from Emanuel. Former Rep. Steve Israel (D-N.Y.), who worked with Emanuel at the Democratic Congressional Campaign Committee, said Emanuel has 'world-class experience,' as well as a track record on politics and policy, that would suit him well. 'The Democrats need a candidate who can formulate a proactive agenda. We can't be limited to, 'I'm not Trump,'' he said, arguing that Emanuel should be at the 'forefront' of the field. 'There's got to be proactive policy agenda.' Israel pointed to Democrats' success in the 2006 midterms, in which the party won control of the House for the first time in 12 years with Emanuel as the head of House Democrats' campaign arm. 'Nancy Pelosi and Rahm Emanuel figured out the strategy that won red districts and got the base out in blue and purple districts at the same time,' he said. 'So he's done that. He's proven his ability to unite Democrats.' But this was before his time as mayor of Chicago, when Emanuel saw his favorability ratings decline to the 20s amid criticism on various issues, including his handling of public education and policing. Tensions were stoked in particular following the murder of Laquan McDonald, a 17-year-old Black boy, by a Chicago police officer in 2014. Emanuel's administration received backlash over alleged lack of transparency and a refusal to release the dashboard camera video from the incident until directed to by a court order. He has also more recently received criticism from the left over his comments about transgender issues and from current Chicago Mayor Brandon Johnson (D) over other parts of his record, like the financial state of the city and education. 'We didn't get here because we just happened to have a tyrant in the White House. We got here because someone gave him the script,' Johnson told a Chicago CBS affiliate Tuesday. 'Shutting of schools, the firing of Black women, the privatizing of our public education system is why the system is as jacked up as it is today.' Emanuel's administration closed 50 public schools as enrollment fell and they performed poorly. Democratic strategist Victor Reyes, who used to work for former Mayor Richard Daley, said progressives' views on Emanuel could be a 'significant problem' for him in a Democratic primary, pointing to the 2020 primaries in which most candidates ran to former President Biden's left. 'They're going to try to out-left themselves. So it is a problem in a primary, but it's an asset in the general,' he said. But he added that he wouldn't expect Emanuel to run unless he sees a path to victory. 'One thing I know about Rahm is he doesn't do anything without polls, and he doesn't do anything to lose,' Reyes said. 'So if he does decide to jump in and do something here, it's because he knows and sees a path, not a guarantee, but a path.' And some argued Emanuel still could have ways to try to appeal to progressives along with moderates. Another Democratic strategist argued that Emanuel scored multiple progressive victories during his tenure as mayor, including raising the minimum wage in a phased approach before many other major cities. Emanuel also defended Chicago's sanctuary city status as President Trump was about to come into office in 2016. 'Presidential campaigns are usually about one thing. It's not about issues, it's not about ideology. It's about strength. Rahm's as strong as you get,' the strategist said. 'Sometimes Rahm is too strong for people. But if you're looking for a bare-knuckled fighter who's going to take on this MAGA mess … there's your guy.' The campaign strategist acknowledged a feeling within Democratic circles of wanting to move on to a new, younger generation and that Emanuel comes from the old guard. But serving as ambassador allowed him to avoid having to take a public stance on the Israel-Hamas war, one of the most divisive topics within the party since 2023, unlike most other names who have been considered possible candidates, they added. But they said now is the time to speak up and take the more prominent role Emanuel has been taking. 'I think there's a major vacuum for strong national leadership of the Democratic Party,' they said. 'So those who step up I think will be rewarded.' Caroline Vakil contributed. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


The Hill
27-04-2025
- Business
- The Hill
Rahm Emanuel stokes 2028 speculation
Rahm Emanuel has ramped up speculation in recent weeks that he's plotting a 2028 presidential run, adding a prominent name in Democratic circles to an already crowded list of possible candidates. The former Chicago mayor has been making the media rounds over the past month and hasn't ruled out several options for his political future, including another run for mayor or possibly seeking governor of Illinois. He has also become increasingly vocal about the Democratic Party's direction after its loss in November. Emanuel is a divisive figure in the party and would likely face a crowded primary field with other big names, but allies say he would bring a track record of knowing how to win tough races. 'Nobody brings more energy and more fight to a moment when we desperately need both,' said one Democratic campaign strategist. 'He immediately brings significant advantages to the table.' Emanuel has been a staple in Democratic politics for decades, first serving as an adviser in former President Clinton's administration before being elected to the House in 2002. He served for three terms before becoming former President Obama's first chief of staff in the White House. He stepped away from that role in 2010 to serve two terms as mayor of Chicago, declining to seek a third term amid poor approval ratings. He returned to public service in 2022, serving as ambassador to Japan for the final three years of the Biden administration. Emanuel has given strong indications he still harbors political ambitions. 'I'm not done with public service, and I hope public service isn't done with me,' he told Semafor earlier this month, similar to other statements he has made in recent months when asked about possible future ambitions. He has also increasingly become a fixture as a political analyst, regularly appearing on podcasts and talk shows and taking a gig as a CNN commentator. Meanwhile, he has been a consistent opinion columnist for The Washington Post since the start of this year. Emanuel has also received attention for being one of a few Democrats to call for the party to focus less on transgender issues, in the aftermath of polls showing voters trusted Republicans more on the economy and immigration, which were seen as the most important issues. He joined the investment bank Centerview Partners — where he previously counseled CEOs on mergers, regulation and political issues from 2019-21 — as a senior adviser this month, tying him to some longtime Democrats who work for the bank. But the biggest indicator may be Emanuel's moves behind the scenes. The campaign strategist said Emanuel has already reached out to staff to try to hire them ahead of a potential bid. 'He's definitely running,' they said. The Hill has reached out to Centerview Partners for comment from Emanuel. Former Rep. Steve Israel (D-N.Y.), who worked with Emanuel at the Democratic Congressional Campaign Committee, said Emanuel has 'world-class experience,' as well as a track record on politics and policy, that would suit him well. 'The Democrats need a candidate who can formulate a proactive agenda. We can't be limited to, 'I'm not Trump,'' he said, arguing that Emanuel should be at the 'forefront' of the field. 'There's got to be proactive policy agenda.' Israel pointed to Democrats' success in the 2006 midterms, in which the party won control of the House for the first time in 12 years with Emanuel as the head of House Democrats' campaign arm. 'Nancy Pelosi and Rahm Emanuel figured out the strategy that won red districts and got the base out in blue and purple districts at the same time,' he said. 'So he's done that. He's proven his ability to unite Democrats.' But this was before his time as mayor of Chicago, when Emanuel saw his favorability ratings decline to the 20s amid criticism on various issues, including his handling of public education and policing. Tensions were stoked in particular following the murder of Laquan McDonald, a 17-year-old Black boy, by a Chicago police officer in 2014. Emanuel's administration received backlash over alleged lack of transparency and a refusal to release the dashboard camera video from the incident until directed to by a court order. He has also more recently received criticism from the left over his comments about transgender issues and from current Chicago Mayor Brandon Johnson (D) over other parts of his record, like the financial state of the city and education. 'We didn't get here because we just happened to have a tyrant in the White House. We got here because someone gave him the script,' Johnson told a Chicago CBS affiliate Tuesday. 'Shutting of schools, the firing of Black women, the privatizing of our public education system is why the system is as jacked up as it is today.' Emanuel's administration closed 50 public schools as enrollment fell and they performed poorly. Democratic strategist Victor Reyes, who used to work for former Mayor Richard Daley, said progressives' views on Emanuel could be a 'significant problem' for him in a Democratic primary, pointing to the 2020 primaries in which most candidates ran to former President Biden's left. 'They're going to try to out-left themselves. So it is a problem in a primary, but it's an asset in the general,' he said. But he added that he wouldn't expect Emanuel to run unless he sees a path to victory. 'One thing I know about Rahm is he doesn't do anything without polls, and he doesn't do anything to lose,' Reyes said. 'So if he does decide to jump in and do something here, it's because he knows and sees a path, not a guarantee, but a path.' And some argued Emanuel still could have ways to try to appeal to progressives along with moderates. Another Democratic strategist argued that Emanuel scored multiple progressive victories during his tenure as mayor, including raising the minimum wage in a phased approach before many other major cities. Emanuel also defended Chicago's sanctuary city status as President Trump was about to come into office in 2016. 'Presidential campaigns are usually about one thing. It's not about issues, it's not about ideology. It's about strength. Rahm's as strong as you get,' the strategist said. 'Sometimes Rahm is too strong for people. But if you're looking for a bare-knuckled fighter who's going to take on this MAGA mess … there's your guy.' The campaign strategist acknowledged a feeling within Democratic circles of wanting to move on to a new, younger generation and that Emanuel comes from the old guard. But serving as ambassador allowed him to avoid having to take a public stance on the Israel-Hamas war, one of the most divisive topics within the party since 2023, unlike most other names who have been considered possible candidates, they added. But they said now is the time to speak up and take the more prominent role Emanuel has been taking. 'I think there's a major vacuum for strong national leadership of the Democratic Party,' they said. 'So those who step up I think will be rewarded.'

Yahoo
09-04-2025
- Business
- Yahoo
Democrats find Trump's haphazard tariffs are uniting them on trade
Democrats are sharply divided over trade. But Donald Trump is helping them paper over those rifts. The steep, sweeping tariffs the president unveiled in recent days have largely united a party that has for years undergone bruising internal battles over trade. From populists in the Rust Belt to free-trade champions in blue states, Democrats are lining up against the levies. In interviews with more than a dozen lawmakers, congressional aides and strategists on the left, Democrats on Capitol Hill almost universally denounced them, even as many stressed they didn't categorically oppose tariffs as part of policymaking. 'The problem is not tariffs, generally. It's the way that Trump is doing them,' said Rep. Hillary Scholten (D-Mich.), from a swing state that relies heavily on car manufacturing. 'Trump tariffs are bad, and the American people are suffering. It's a pretty easy message.' Even Democrats who had previously made public breaks with the party on trade got on the same page this week. "Democrats are pretty uniform, if not entirely uniform, in making the case that what's happening right now is really dangerous," said Rep. Chris Deluzio, a western Pennsylvania Democrat who last month penned an op-ed urging his party to "break free from the wrong-for-decades zombie horde of neoliberal economists" who argue that all tariffs are bad. On the other end of the party, Rahm Emanuel, the former Barack Obama chief-of-staff who recently rejoined the investment bank Centerview Partners, voiced a similar message. He called Trump's blanket tariffs the "largest tax increase." At the same time, he said, "raise them aggressively on China" and "go back to making China the bad international actor that decimates others' industrial base.' If there is any major disagreement in the party, it isn't about opposition to Trump's latest front in the trade war, but only how best to craft a message against his recent tariffs. 'Trying to offer nuance on Trump's disastrous tariffs policy in this moment is like telling someone with alcohol poisoning: you know, red wine in moderation is actually good for heart health. It's missing the point. It's bad messaging,' said Charlotte Clymer, a Democratic operative. 'For the love of God, just keep it simple and focus on Trump's economic extremism.' A coming test of party unity on the issue will be a vote being forced by Rep. Greg Meeks of New York, the top Democrat on the Foreign Affairs Committee, to fully terminate the authority used by Trump for the 'Liberation Day' tariffs. Party leaders expect nearly unanimous support for it. There's one exception: Rep. Jared Golden (D-Maine), a red-district Democrat who often takes iconoclastic stances in the party, has said he supports some of Trump's trade moves and had himself proposed a 10 percent tariff on all imports. Golden, asked about the coming trade vote, pointed to his previous statements and indicated he'd oppose it. The extensive nature of Trump's latest tariffs — as well as the haphazard way they were rolled out — helps explain why Democrats have been able to rally around opposing the levies. Dozens of nations were targeted by Trump's so-called reciprocal tariffs, and a formula his team used has been widely criticized. It's also the latest example of Trump taking an action and resolving the Democratic Party's conflicts in the process. During his first term, Democrats on Capitol Hill largely joined together in disapproval of Trump's immigration and tax policies, even as internal disagreements over those issues lurked underneath. On tariffs, the leader of a powerful labor union headquartered in a key swing state who has backed some of Trump's tariffs — putting Democrats in a difficult position — has signaled more leeway on his more recent levies. Shawn Fain, president of the Detroit-based United Auto Workers, said the global tariffs announced last week were 'reckless.' Rep. Kristen McDonald Rivet (D-Mich.), who's flirted with a Senate bid, said, 'There are all kinds of purposes and strategic purposes and ways to use tariffs. That's not what this is.' Other ambitious Democrats took similar positions. Sen. John Fetterman (D-Pa.), never one to shy away from conflicts with his party, criticized Trump's tariffs on nations close to the U.S.: "I'll never understand or support the constant punching our allies in the mouth. If we force them to find a way forward without us, they will.' At the same time, he said China "absolutely" should have "been put on notice." Rep. Chris Pappas (D-N.H.), who recently announced he is running for the Senate in one of the most competitive seats this cycle, called the tariffs a 'foolish" and "incredibly destructive' even as he noted 'there is a place for targeted tariffs for our national security interest to protect domestic industries.' And Gov. Jared Polis (D-Colo.), a passionate free-trade advocate, said, 'America is better off when we are a positive force for expanding rules-based trade opportunities across the world.'A spokesperson for Polis added that Democrats are 'united' against Trump's newest tariffs. But even if Democrats on Capitol Hill aren't openly warring over Trump's latest trade policy, there has been some disagreement in the party over its messaging. When the House Democrats last week posted a video on X of Deluzio calling tariffs 'a powerful tool' but arguing that Trump's use of them has been 'chaotic,' he came under fire from some party activists and strategists online as equivocating. 'Now is the time to meet the moment, yet too many Democrats have gone mealy-mouthed. They're giving the public a dissertation on targeted tariffs versus blanket tariffs when all they should be saying is one thing over and over again: Donald Trump's tariffs are a new tax and they are bad,' said Shannon Watts, founder of the gun control group Moms Demand Action. 'This isn't time for individual debates, it's time to form a united front and fight.' Rep. Ritchie Torres (D-N.Y.) posted about an hour after the Deluzio video with a warning: 'We as Democrats must speak out forcefully against Trump's weaponization of tariffs to wreak havoc on the American economy. Muddled milquetoast messaging only emboldens Trump's madness.' But Torres was eager this week to downplay any party splits. Asked if he was referring to Deluzio, he said in a text, 'I was speaking generally — not referring to anything in particular.' And, he said, 'I fully support repealing Trump's universal tariffs.' As Rep. Jason Crow (D-Colo.) put it, Democrats would come together through 'this crazy thing called legislating, where you actually bring people together of diverse views, and you see what people can agree on.'