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Joe Mcdermott

Joe Mcdermott is our daily investigative journalist and staff reporter who keeps his eyes peeled for interesting Local, US and World News exclusively for The Published Reporter®. Mcdermott, one of our first and thus veteran reporters, is also a data analyst for select independent news and media organizations in the United States.

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Venezuela’s Maduro breaks relations with US, gives American diplomats 72 hours to leave…

Joe Mcdermott Jan 23, 2019 0

Venezuelan President Nicolas Maduro said on Wednesday he was breaking diplomatic relations with the United States, after the Trump administration recognized opposition leader Juan Guaido as the South American country's interim president.…

Trump’s outside China advisor says there will not be a breakthrough in trade talks soon

Joe Mcdermott Jan 23, 2019 0

President Donald Trump's outside advisor on China said on Wednesday that he didn't expect a breakthrough in trade talks in the "near term." Michael Pillsbury, director of the Center for Chinese Strategy at the Hudson Institute and a noted…

German minister lends support to Deutsche Bank, says it can ‘recover’ despite setbacks

Joe Mcdermott Jan 23, 2019 0

The German government believes that the embattled lender, Deustche Bank, is in a sound and healthy state despite recent setbacks, the country's economy minister told CNBC Wednesday. Deutsche Bank has been struggling for about a decade, …

Germany to invest more amid economic struggles and headwinds, says health minister

Joe Mcdermott Jan 23, 2019 0

Germany will take a new approach to its economic policy amid "struggles" and "headwinds," the country's health minister told CNBC Wednesday in Davos. There are growing concerns about the state of the German economy after some recent…

Michael Cohen postpones congressional testimony because of threats to family from Trump, Giuliani

Joe Mcdermott Jan 23, 2019 0

President Donald Trump's former personal lawyer and fixer Michael Cohen on Wednesday postponed his plan to testify before Congress in February because of concerns about his family's safety, Cohen's adviser Lanny Davis said. Davis cited…

UAE favors global cooperation amid China’s rising tech dominance

Joe Mcdermott Jan 23, 2019 0

The United Arab Emirates (UAE) is not worried about China'srising dominance in the technology sector, according to the country's artificial intelligence minister. It comes at a time of widespread concern over Chinese tech giant Huawei. The…

Trump recognizes Venezuela opposition leader as interim president amid unrest

Joe Mcdermott Jan 23, 2019 0

Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, while hundreds of thousands of Venezuelans poured onto the streets to demand an end to the socialist government of President Nicolas Maduro. In a…

Hedge fund manager John Paulson praises Trump accomplishments, says he would re-elect him

Joe Mcdermott Jan 23, 2019 0

Hedge fund manager John Paulsonbelieves President Donald Trump has achieved much since taking office and remains a supporter of the Republican president. "Aside from the messaging, I think he's accomplished a great deal and I'm supportive…

Showdown: Trump pledges ‘alternative’ event after Pelosi blocks State of the Union

Joe Mcdermott Jan 23, 2019 0

Democrats will block President Donald Trump from giving his State of the Union address in the House chamber until the partial government shutdown ends, House Speaker Nancy Pelosi said Wednesday. After Pelosi's announcement, the president…

Tesla slashed Model S and X staff in recent layoffs

Joe Mcdermott Jan 23, 2019 0

New details are emerging about Tesla's second round of layoffsin just seven months. Deep cuts occurred in its sales, delivery and Model S and Model X production teams, according to current and newly laid off workers. These people also…

Watch now: ETF Edge on emerging markets, gold and the potential bitcoin ETF

Joe Mcdermott Jan 23, 2019 0

Host Bob Pisani and guests Tim Seymour of Seymour Asset Management and Andrew McOrmond of WallachBeth discuss the best way to get in the global rally and whether a bitcoin ETF is off the table. CNBC's ETF Edge is dedicated to the…

DAMAC chairman calls bottom for Dubai property market, sees value in Brexit

Joe Mcdermott Jan 23, 2019 0

A major Emirati property developer believes Dubai's property market has bottomed out — but says there remain at least two more tough years ahead before a full rebound. "2018 has been a difficult year, prices have come down, sales have come…

Earnings season: So far, big companies are giving reassuring 2019 guidance

Joe Mcdermott Jan 23, 2019 0

The big concern as earnings season began was the outlook for this year’s growth. The big stocks reporting on Wednesday have all provided reassuring guidance for 2019, including Dow components United Technologies and IBM, both above…

WTO director: Trump and Abe are right, we could do better

Joe Mcdermott Jan 23, 2019 0

The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better. Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the…

Voters want to end the government shutdown — and more of them think Trump should compromise

Joe Mcdermott Jan 23, 2019 0

Americans want a way out of a record-breaking government shutdown that dragged into its 33rd day on Wednesday. More of them believe President Donald Trump should compromise to end the partial closure than think congressional Democrats…

More homes are for sale, but fewer are affordable

Joe Mcdermott Jan 23, 2019 0

After falling to record lows, the supply of homes on the market is finally rising. But a growing share of those homes are still out of reach to most buyers. In hot markets like Seattle, San Jose, California, Las Vegas and Portland, Oregon,…

Apple and Microsoft’s CEOs were pictured at dinner with Brazil’s far-right president in…

Joe Mcdermott Jan 23, 2019 0

Apple CEO Tim Cook and Microsoft CEO Satya Nadella were seen at the same dinner table as Brazil's far-right President Jair Bolsonaro in a picture that surfaced on Twitter. TweetThe unlikely group convened at an event on Tuesday for…

Egypt wants an Apple hub despite ongoing fight over iPhone prices

Joe Mcdermott Jan 23, 2019 0

Egypt would like to see a more direct physical presence from tech giant Appleeven as the two are caught up in conflict over local iPhone sales, the country's Prime Minister Mostafa Madbouli said Wednesday. "I think Egypt is a big market…

China urges US to seek ‘win-win’ relationship amid long-running trade war

Joe Mcdermott Jan 23, 2019 0

Chinese Vice President Wang Qishan addressed international heads of state at the World Economic Forum (WEF) on Wednesday, saying confrontation between Washington and Beijing “harms the interest of both sides.” His…

Stop portraying Arab women as victims, leading Saudi filmmaker says

Joe Mcdermott Jan 23, 2019 0

Acclaimed Saudi Arabian filmmaker Haifaa al-Mansour has a message for Western audiences: stop seeing Arab women as victims. Portraying the women of her region as strong and resilient is one of the missions of her highly-awarded films,…

Joe Biden and Kamala Harris are likely the top contenders for Barack Obama’s endorsement in…

Joe Mcdermott Jan 23, 2019 0

A huge question of the 2020 campaign is who former President Barack Obama will endorse. A primary field including both Sen. Kamala Harris, D-Calif., and former Vice President Joe Biden could make the choice especially tricky since they…

Germany’s Merkel says she has ‘grave doubts’ about the incoming world order

Joe Mcdermott Jan 23, 2019 0

German Chancellor Angela Merkelhas "grave doubts" about a changing approach to global affairs in which compromise and multilateralism seem to be lacking. "There is a new approach that we see in the world today, an approach that harbors…

‘Bitcoin will go to zero’: Davos talks up the future of blockchain tech

Joe Mcdermott Jan 23, 2019 0

The price of bitcoincould nosedive to zero, a top investor in the crypto space told CNBC during a debate, which focused on the future of the underlying technology known as blockchain. Cryptocurrencies had a wild year in 2018, with over…

Standard Chartered chief pushes back on report that its biggest shareholder is unhappy

Joe Mcdermott Jan 23, 2019 0

Standard Chartered'slargest shareholder is "very supportive" of the company, chief executive Bill Winters said Wednesday, following a report that it is increasingly unhappy with his restructuring efforts. Singapore's state-owned…

Bill Gates: My ‘best investment’ turned $10 billion into $200 billion worth of economic…

Joe Mcdermott Jan 23, 2019 0

Investing in global health organizations aimed at increasing access to vaccines created a 20-to-1 return in economic benefit, billionaire Microsoft co-founder and philanthropist Bill Gatestold CNBC on Wednesday. Over the past two…

Nobel winner Robert Shiller says there’s still a risk of a full-blown bear market

Joe Mcdermott Jan 23, 2019 0

U.S. stock markets may have recovered slightly from sharp falls at the end of last year, but there's still a risk of a significant downward trend, Robert Shiller, a professor of economics at Yale University and a Nobel laureate, told CNBC…

Japanese leader Abe tells Davos audience to rebuild trust in global trade

Joe Mcdermott Jan 23, 2019 0

Japanese Prime Minister Shinzo Abe told an audience at the World Economic Forum in Davos on Wednesday that it was time to "rebuild trust" in international trade. His speech comes at a time when the United States is pulling back from free…

Matt Damon reveals which Democrats he would like to see in the White House

Joe Mcdermott Jan 23, 2019 0

Award-winning actor Matt Damon may have firmly ruled out any chanceof him entering the political space, yet that doesn't mean he's not ready to throw his support behind others. "There's going to be a huge Democratic field. I love Joe…

Former Vice President Al Gore and Prince William meet privately at Davos

Joe Mcdermott Jan 23, 2019 0

DAVOS, Switzerland — Former U.S. Vice President Al Gore and Prince William, the Duke of Cambridge, privately met at the World Economic Forum in Davos, Switzerland on Wednesday to discuss environmental issues, CNBC has learned. The closed…

ECB shouldn’t change policy now amid trade war and Brexit concerns, bank CEO says

Joe Mcdermott Jan 23, 2019 0

The European Central Bankshould wait before announcing any new policy changes given that there are so many geopolitical uncertainties in the world, the CEO of the Dutch lender ING told CNBC Wednesday. The central bank is due to meet…

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Joe Mcdermott

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