Pelosi publicizes that Liz Cheney will serve on the 1/6 committee

House Speaker Nancy Pelosi, D-Calif., Announced that MP Liz Cheney (R-Wyo.), One of only two Republicans who voted to set up a committee to investigate the January 6th insurrection , was appointed to the committee.

Cheney released a statement shortly after thanking Pelosi for the opportunity.

“I am honored to be called to the January 6 election committee,” she said. “Congress has an obligation to conduct a full investigation into the worst attack on our Capitol since 1814. On that day, the holiest place in our republic was overrun by an angry and violent mob who tried to stop the counting of votes and threaten the peaceful transfer of “power.”

Cheney added that the January 6th events “can never happen again.”

“Those responsible for the attack must be held accountable, and this special committee will meet that responsibility in a professional, timely and impartial manner,” she added. “Our constitutional oath, our commitment to the rule of law and the maintenance of the peaceful transfer of power must always take precedence over party politics.”

Thanks @Liz_Cheney. pic.twitter.com/rvK2VYqQg8

– The Republican Accountability Project (@AccountableGOP) July 1, 2021

Cheney was ousted from her leadership position in the House of Representatives after she opposed former President Donald. had pushed back Trump’s untruths about the 2020 general election when Trump issued a statement more than three months after President Joe Biden took office, calling Biden’s victory “the big lie.”

Cheney replied shortly afterwards with her own statement, in which she confirmed that the parliamentary elections in 2020 “were not stolen”.

“Anyone who says it was like that is spreading THE BIG LIE, turning their back on the rule of law and poisoning our democratic system,” she wrote.

The House Minority Leader, Kevin McCarthy (R-Calif.) Has refused that efforts to remove Cheney from her position as third-tier Republican in the House of Representatives had in some way to do with her vote to indict Trump for inciting an insurrection against Congress.

Alan is a writer, editor, and news junkie from New York.

13 Books to Verify Out This July

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So many beach reads. So little time. 

There’s just nothing like sitting with the toes in the sand and the edges of a book in your hands in the summer and July has a bounty of options for you to choose from. Whether you’re into irresistible rom-coms or thrillers with more twists than a pretzel, or are still harboring a crush on Tyler Cameron from The Bachelorette, we’ve got you covered when it comes to your reading list this month. 

So go ahead, slather on the sunscreen, grab an iced coffee and start reading after shopping physical copies of our picks or—because, you know, technology—pulling them up on Kindle Unlimited or through a free trial of Audible.

U.S weekly jobless claims whole hits new pandemic-era low of 364,000

Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday.

First-time jobless claims totaled 364,000 for the week ended June 26, compared to the 390,000 Dow Jones estimate. That marked a new pandemic-era low and a decline of 51,000 from the previous week.

The last time there were fewer claims was the week of March 14, 2020, just before the worst of the economic damage hit.

The report comes a day before the government releases its much-anticipated nonfarm payrolls count for June. That is expected to show a gain of 706,000 against May’s 559,000, and a decrease in the unemployment rate to 5.6%. The most recent data will not figure into the June numbers from the Bureau of Labor Statistics as it is outside the survey week used for the report.

Employment has been on the upswing over the past year, though gains have decelerated lately as about 7 million workers who held jobs prior to the Covid-19 pandemic remain idle.

Despite the drop in weekly claims, the level of continuing claims increased to 3.47 million, up 56,000 from the previous week. However, that data runs a week behind the headline number and likely represents the unexpected upswing in the previous week’s count.

The four-week moving average for continuing claims, which smooths weekly volatility, fell by 75,000 to 3.48 million, the lowest since the week of March 21, 2020.

The total of those receiving benefits through all programs fell by 180,890 to 14.66 million, according to data that runs two weeks behind. The biggest drop – 86,817 – came from those receiving extended benefits.

Enhanced benefit programs at the federal level expire in September, and many states already have halted their own programs as employment continues to improve. However, there are still more than 11 million Americans enrolled on pandemic-related programs.

At the state level, Pennsylvania, which has shown sharp swings in both directions in recent weeks, saw a decline of 18,031, according to unadjusted data. Kentucky also fell by 8,034 while California was down 6,881.

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CureVac desires to “go forward” with Covid vaccine regardless of research outcomes

An employee of the German biopharmaceutical company CureVac will demonstrate research on a vaccine against the coronavirus (COVID-19) disease in a laboratory in Tübingen on March 12, 2020.

Andreas Gebert | REUTERS

LONDON – CureVac plans to continue work on its Covid-19 vaccine despite disappointing results from clinical studies showing the vaccine is only 48% effective.

The German biotech company released its final analysis of the clinical trials of its coronavirus vaccine – known as CVnCoV – on Wednesday, confirming that the vaccine was 48% effective against Covid of all degrees of severity in all ages and 15 variants.

Pierre Kemula, CFO of CureVac, however, defended the vaccine on CNBC Thursday, saying the clinical trials were conducted at a time when several new strains of the virus were spreading around the world.

“We have to speak to the EMA now [European Medicines Agency] and want to make sure we have an open dialogue and share any data we have to assess the way forward, “he told CNBC’s Squawk Box Europe on Thursday.

When asked if it is worth developing the vaccine further when other successful vaccines are already in use in Europe and elsewhere, Kemula said the company had contractual obligations to meet.

“We have a contract with the European Commission to supply 225 million doses of the drug, so I think we need to move forward on that,” he said.

“There are a lot of vaccinations, there are a lot of people under 60 who haven’t had access to the vaccine before. So if we can contribute to the fight – in the short term in the pandemic, but also in the medium term with these other ways of [multivalents] … we are continuing to work on that. “Multivalent or polyvalent vaccines should immunize against more than one virus strain.

The results of the CureVac study, which enrolled 40,000 participants in ten countries in Latin America and Europe, showed that the vaccine was more effective in younger participants. The effectiveness rate among 18 to 60 year olds was 53% for diseases of any severity and increased to 77% for moderate and severe diseases in the same age group.

However, given that Covid-19 carries a higher risk for the elderly, the study results are disappointing, not least because two other vaccines made with messenger RNA (mRNA) – those from Pfizer-BioNTech and Moderna – have an efficacy greater than 90 % of have been shown to prevent Covid-19 infection. CureVac’s shares fell as much as 13% in Thursday’s pre-trading session.

Dr. Franz-Werner Haas, CEO of CureVac, defended the results in a statement on Wednesday, saying the vaccine “shows strong public health value” for those aged 18 to 60 and will be an “important contributor to tackling Covid.” -19 pandemic and the dynamic distribution of variants. “

He also cited “the current context of an increasingly diverse environment of Covid-19 variants”.

Several variants have emerged over the course of the pandemic, some of which are more virulent than others – like the alpha variant first discovered in the UK and the delta variant first identified in India – and Kemula said he believed mutations would continue to occur.

“As more and more people become infected with coronavirus, we are prepared for the disease to continue to develop as it progresses and has more and more variants,” said Kemula. The industry must think ahead, “how we can cope better with the current vaccines, but also possibly with various boosters (booster vaccinations),” he added.

Nio shakes off chip scarcity with greater than 8,000 deliveries in June

Nio plans to begin deliveries of its ET7 electric sedan in 2022.

Evelyn Cheng | CNBC

BEIJING — Chinese electric car start-up Nio said Thursday it delivered more than 8,000 cars in one month for the first time.

The company delivered 8,083 vehicles in June, bringing the second-quarter total to 21,896 cars, according to a release. That quarterly figure came in on the high end of Nio’s forecast for deliveries of between 21,000 and 22,000 vehicles in the three months ended June.

Nio’s U.S.-listed shares are up 9% so far this year. The company has typically delivered more electric cars a month than two other U.S.-listed electric car start-ups, Xpeng and Li Auto. Their shares are up about 3.7% and 21%, respectively, so far this year.

The strong second-quarter performance came despite a decline in monthly deliveries in May from April — which the company had attributed to the global semiconductor shortage.

Nio’s June figures also brought deliveries for the first half of the year to more than 41,900, close to surpassing the total for all of last year of 43,728 cars.

However, the start-up’s deliveries still fall far short of industry giant Tesla, which delivered 184,800 vehicles worldwide in the first quarter alone.

Tesla’s shares are down more than 3.5% for the year so far.

Read more about electric vehicles from CNBC Pro

Australia’s blended messages on Covid vaccines sow confusion

The introduction of vaccines in Australia has been slow and chaotic, with leaders and health advisers sending mixed messages.

The country’s top medical association recommends that people follow guidelines from the Australian Technical Advisory Group on Immunization when deciding which Covid vaccine to take. ATAGI advises the Minister of Health in Australia on vaccination issues.

“We recommend following expert advice, but at the end of the day people can make their own decisions as these are all safe and effective vaccines,” said Omar Khorshid, president of the Australian Medical Association, on CNBC’s “Squawk” on Thursday Box Asia. “

While Australia has been comparatively successful in controlling infection, it has faced some constraints on vaccine supplies. Currently, only the Pfizer BioNTech and Oxford AstraZeneca syringes are approved for use, and both require two doses for complete immunization.

Mixed news from the Australian government and ATAGI has created confusion – and hesitation – about the vaccines available and their safety.

What do experts say?

ATAGI says people between the ages of 16 and 59 should preferably get Pfizer shots, while the government says those people can choose AstraZeneca after consulting their doctors.

Pfizer shots are scarce in the country and reports say the majority of the cans might not arrive until the third quarter.

The recommendation of the advisory group came afterwards Data showed higher risks and observed severity of an extremely rare bleeding disorder – known as thrombosis and thrombocytopenia syndrome – associated with the use of AstraZeneca vaccines observed in Australian adults aged 50 and over.

June 2021, people are standing in front of a vaccination center in Sydney, as residents have largely been banned from leaving the city in order to stop a growing outbreak of the highly contagious Delta-Covid-19 variant in other regions.

SAEED KHAN | AFP | Getty Images

For those 60 years old and older, the group said the benefits of taking the AstraZeneca dose outweighed the risks of blood clots forming.

What is the government saying?

On Monday, Prime Minister Scott Morrison said people under the age of 60 can get the AstraZeneca vaccine if they wish, provided they have discussed it with their doctors. The country will introduce a new “no mistake compensation system” for general practitioners who administer Covid-19 vaccines, he added.

“The ATAGI Council speaks of a preference for AstraZeneca to be available and made available as preferred for people over 60. But the council is not ruling out the possibility of people under the age of 60 receiving the AstraZeneca vaccine, ”said Morrison, according to an official transcript from his press conference.

“So if you want to get the AstraZeneca vaccine we would encourage you to … go and have this conversation with your GP,” he said.

Vaccine progress

Khorshid of the Australian Medical Association said the vaccine rollout is progressing relatively well, despite the mixed messages and political tactics. He said about two-thirds of Australia’s most vulnerable population have already received at least one dose of the AstraZeneca vaccine and are expected to receive their second dose.

Still, statistics compiled by Our World in Data showed just over 23% of the population to have at least one dose of the vaccine, and only about 6% were fully vaccinated.

An aerial view of Sixty Martin Place, Sydney, Australia.

Mark Syke | View pictures | Universal picture group | Getty Images

Authorities are also making efforts to contain outbreaks in Australia as the country seeks to contain the spread of the highly contagious coronavirus delta variant, which was first discovered in India.

According to reports, seven cities with around 12 million people are now on lockdown, including Sydney, Brisbane and Perth.

Khorshid told CNBC that the medical association wants the national cabinet to be strengthened on broader issues such as agreements on border closings and hotel quarantine regulations.

Cynthia Bailey Talks About Her Wendy Williams Interview, Feedback On NeNe Leakes, Her Actuality TV Future, And Her New July 4th Partnership With Seagram! (Unique)

#Roommates, Cynthia Bailey has graced our television screens for the past 11 seasons as a co-star on Bravo’s long-running hit series “The Real Housewives of Atlanta” – but since the talk is about the upcoming season and who will stay a peach – owner Cynthia gave us tea about the show, the recent viral Wendy Williams interview, her comments on former beast NeNe Leakes, and how she’s celebrating July 4th with a new partnership with Seagram!

Cynthia spoke directly about how Wendy Williams was virtually blind when she commented on being fired, and Cynthia asked whom she would like to never return to the “RHOA” franchise. When we asked her if she still believes her ex-girlfriend NeNe Leakes’s time on the show is over, she said, “She recently interviewed a blogger saying I won’t be returning to RHOA should and should never have been with “RHOA”. first of all. This is someone I’ve considered a friend for most of my time on the show. Friends or not, I always had only POSITIVE things to say about them in public about RHOA. When Wendy asked me that question, I said her name. At this point, I have no concerns / concerns about whether or not her time on the show has passed, or thoughts / concerns about her in general. I moved on. “

Cynthia was also open about what her future would hold if she didn’t return to “RHOA” for the upcoming season and whether she would ever consider doing reality TV again. “Absolutely! Preferably not dramaturgically. I’ve been consistently on RHOA as a peach grower for over a decade and I want to focus on the next chapter of my journey with a little less drama. I have a few projects I can’t talk about yet on the Table. In front of the camera and behind the scenes. I also focused on my acting career. BRAVO has been amazing to me. My journey with the show has been amazing. When my time is up I will go the same path that I came on am, with gratitude, grace and class, ”she said.

When Cynthia got over the drama and returned to her happy place, she told us what life was like as a newlyweds with her husband Mike Hill. “The married life was great! We have been married for 8 months now and we look forward to our 1 year anniversary on the 21st. As a newly married couple, my focus is on finding the perfect balance between work and private life. Take time for each other, spend time together. As an entrepreneur, it’s a struggle because I always travel and work. Mike is a good man and a good person. He’s solid. ALL! I am so blessed. I have a husband and a best friend. We’re not perfect, but we’re perfect for each other, ”Cynthia told us.

Finally, Cynthia is on to bigger and better things like her brand new partnership with Seagram’s Escapes on July 4th – including a new cocktail recipe that’s perfect for summer. “I started working with Seagram’s Escapes in 2018. I just loved that they are a women-centric brand that really wanted to empower women. It was a very natural fit for me. Together we launched my signature flavor – Peach Bellini – on the market in 2019! It’s been a top favorite with Seagram’s Escape drinkers since its launch! “

She also included a recipe to prepare you for all of your summer parties:

“I’m celebrating this July 4th with the Seagram’s Escapes Italian Ice Variety Pack with Cherry, Lemon and Blue Raspberry Italian Ice! This pack is so much fun for patriotic red, white and blue cocktails.

One of my favorites is called Red White and Blue Slush:

Red-white and blue mud: For each layer, combine two cups of ice cream (1 oz. Vodka and 1 cup of either red, white, or blue Italian ice cream – one layer for each color! Mix each layer separately until smooth. Keep mixes in the freezer until You are ready to prepare the cocktails. Distribute evenly between 4 glasses, stack red, white and blue layers and enjoy! “

Would you like tea right in your text inbox? Call us at 917-722-8057 or click here to join!

Sustainable investing now not means decrease returns

The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic has “greatly accelerated the trend towards ESG and sustainability” and sought to highlight investment opportunity across the board.

“The demand we see – from both our residential and institutional customers – for ESG-compliant products is growing all the time,” said Thomas Gottstein, who spoke with CNBC’s Geoff Cutmore. “It’s also clearly seen as an opportunity to improve returns.”

“Sustainable investments and sustainable returns are not a contradiction in terms, on the contrary,” adds Gottstein. “In many cases, sustainable investments even bring a higher return than non-sustainable investments.”

CNBC Pro Stock Pick and Investment Trends:

There seems to be a shift going on. In February, the Morgan Stanley Institute for Sustainable Investing found that in 2020, “US sustainable equity funds outperformed their traditional benchmark funds by an average total return of 4.3 percentage points”.

“Sustainable US bond funds outperformed their traditional benchmark funds by an average total return of 0.9 percentage points,” it said.

In a statement released at the time, Audrey Choi, Chief Sustainability Officer of Morgan Stanley and CEO of the Institute for Sustainable Investing, said: “The strong risk and return performance of sustainable funds during an exceptionally turbulent year further undermines the persistent misconception that sustainable investing requires a sacrifice. “

The growing influence of ESG

The term ESG stands for environment, social and governance. It has become a hot topic in recent years as a multitude of companies seek to improve their credentials by developing business practices that align with ESG-related criteria.

In his interview with CNBC, Gottstein described the sustainability and ESG movement as “global”.

As an institution, Credit Suisse has placed ESG integration in its “spectrum for sustainable investing”, which also includes thematic investing, impact investing and exclusion.

The bank describes the latter as a strategy in which investors “can decide to actively exclude sectors or companies in controversial business areas – for example weapons or tobacco”.

Regulation and CO2 taxes

Gottstein was also asked if he believed heavy emitters and extractive industries would have to pay higher capital costs and if he saw Credit Suisse having a role in enforcing such a penalty.

Read more about clean energy from CNBC Pro

“I think it’s already happening to some extent,” he replied. “I think companies that are lagging behind the curve in terms of sustainability are already being forced to pay higher costs of capital, be it for borrowing costs or cost of equity,” he added.

“So I’m not a big fan of regulation and enforce higher capital costs from the outside or unnaturally or through regulatory measures because it happens.”

The EU executive, the European Commission, is expected to present plans for a mechanism to adjust CO2 limits in the near future. According to the Commission, this would set “a carbon price for certain goods imported from outside the EU”.

Gottstein was cautious about the introduction of a carbon tax in Europe on imports and his view of using the tax system to encourage behavior change.

“I’m not convinced of the CO2 tax,” he said. “I think market forces are so strong now that I’m not sure if this is necessary because investor demand is now so focused on sustainable products that, in my opinion, no CO2 tax is necessary.”

Loss of life toll rises to 18 as search continues

Search and Rescue teams look for possible survivors in the partially collapsed 12-story Champlain Towers South condo building on June 29, 2021 in Surfside, Florida.

Chandan Khanna | AFP | Getty Images

The death toll in the collapse of a Florida condominium building rose to 18, with 145 people still unaccounted for, Miami-Dade County Mayor Daniella Levine Cava said at a press conference Wednesday afternoon.

Two of the confirmed deaths are children, ages four and ten, according to Levine Cava.

“Our detectives have been working around the clock to reach every single person who we have been told may be missing,” Levine Cava told reporters.

The likelihood of finding more people alive in the wreckage continued to diminish as first responders’ painstaking search-and-rescue efforts enter day seven. No survivors have been pulled from the site since a few hours after nearly half of Champlain Towers South, a 40-year-old, 136-unit condo building, caved in last Thursday.

“Please join me in continuing to pray for those who’ve lost their lives in this unthinkable tragedy, and all of their families who are grieving,” Levine Cava said at the press conference. 

Levine Cava announced that the National Hurricane Center released projections for a possible category 5 tropical cyclone moving northwest across the Caribbean Sea, adding that authorities are monitoring the storm closely.

While it is too soon to determine the potential impacts of the storm on the state, Florida Division of Emergency Management Director Kevin Guthrie outlined contingency plans for such severe weather that could further delay search-and-rescue operations at the site. 

The division has asked the federal government for an additional rescue team to pursue the search through the rubble, which would allow other teams that have been working at the site to rotate out, according to Guthrie. He added that the division is developing a system that would provide facility relocation assistance, communications and “backup plans” for responding to both the building collapse and a tropical storm. 

“The state emergency response team is extremely experienced in managing multiple disasters at one time,” Guthrie told reporters.

The specific cause of the cave-in is still unknown.

In the wake of the collapse, Surfside authorities released a 2018 survey report in which an engineer warned that the building had shown signs of “major structural damage,” noting issues with waterproofing beneath the pool and cracking in the underground parking garage. 

A letter from the Champlain Towers South Board President Jean Wodnicki two months before the collapse also warned about the building’s structural issues, pointing to accelerating “concrete deterioration” that had worsened since the 2018 report.

Levine Cava said her team is collaborating with subject matter experts to launch an investigation into the collapse and develop recommendations for building processes at the local level to “ensure that this tragedy can never happen again.”

She also expressed her support for State Attorney Katherine Fernandez Rundle’s plans to pursue a grand jury investigation.

“I plan to request that our Grand Jury look at what steps we can take to safeguard our residents without jeopardizing any scientific, public safety, or potential criminal investigations,” Fernandez Rundle said in a statement Tuesday, noting that the grand jury helped issue a report during the aftermath of Hurricane Andrew in 1992. 

The National Institute of Standards and Technology, or NIST, director James Olthoff also announced the establishment of a technical team that will investigate the collapse and develop improved building codes without interrupting ongoing search-and-rescue operations. 

Under the National Construction Safety Act of 2002, the team of NIST staff and outside experts is permitted to collect evidence from the site, issue subpoenas and hold hearings to determine the technical cause of the collapse. 

“We are going in with an open mind,” Judith Mitrani-Reiser, the associate chief of the Materials and Structural Systems Division at NIST, told reporters. “In any building collapse, we would want to understand how the building was designed, how it was constructed, modified and maintained.” 

Levin Cava also told reporters that the Department of Regulatory and Economic Resources has moved forward with 30-day audit of all residential properties above four stories that are 40 years old or older and “have not completed the process to identify and address any issues.”

Family members hold vigil for the missing victims of Surfside condo collapse in Surfside, Florida, United States, on June 29, 2021.

Tayfun Coskun | Anadolu Agency | Getty Images

The county is collaborating with partners in 34 cities of Miami-Dade County to conduct reviews on buildings that meet this criteria, Levine Cava said Wednesday.

“We are going to get inputs and develop a set of recommendations for changes that need to be made here in the building process at the local level to ensure that this tragedy can never ever happen again,” Levine Cava told reporters.

Surfside Mayor Charles Burkett pointed to the Champlain Towers North, the sister property of the collapsed condo building, noting that residents and an engineer the city hired have expressed “serious concerns” about its safety.

Burkett told reporters that the city and NIST are currently developing a plan to ensure that residents are safe and have alternative housing options.

Guthrie also announced updates regarding resources for individuals impacted by the collapse and their families, noting that the Florida Finance Corporation has found more than 120 multifamily rental developments to serve as emergency housing for displaced individuals.

The Florida Housing Finance Corporation has also requested that the Department of Housing and Urban Development waive income limitations to allow families to reside in any vacant properties funded by the HOME Investment Partnerships Program, according to Guthrie. 

The Office of Emergency Management division director Charles Cyrille also announced expanded operations at the Family Assistance Center, which offers mental health, grief counseling, financial, lodging and travel assistance, among others, to victims’ families. Twenty-six organizations are currently working with the center to provide support.

President Joe Biden and first lady Jill Biden will travel to the site on Thursday, White House press secretary Jen Psaki said earlier this week.

The Bidens plan to personally thank first responders, rescue teams and “everyone who’s been working tirelessly around the clock,” Psaki told reporters Tuesday.

Biden supports a federal probe into the matter, Psaki said this week.

“We’re very grateful that the President is coming,” said Miami-Dade Police Director Alfredo Ramirez III. “He’s been showing support for this community since the beginning.”

—Reuters contributed to this report.

Trump Group expects to be charged Manhattan DA case

CNBC Politics

Read more of CNBC’s politics coverage:

A spokesman for DA Cyrus Vance Jr. has repeatedly declined to comment on the probe or any timing of possible charges.

Ronald Fischetti, a lawyer for the Trump Organization, and spokesmen for the company did not immediately respond to requests from CNBC seeking comment.

If the Trump Organization is convicted of a crime, the company could face fines or restrictions on its conduct going forward.

Fischetti told CNBC last week, “In my more than 50 years of practice, never before have I seen the District Attorney’s Office target a company over employee compensation or fringe benefits.”

“The IRS would not, and has not, brought a case like this,” the lawyer said. “Even the financial institutions responsible for causing the 2008 financial crises, the worst financial crisis since the great depression, were not prosecuted.”

But Fischetti last week also confirmed the likelihood of criminal charges against the company.

“It looks like they are going to come down with charges against the company and that is completely outrageous,” Fischetti told NBC News at the time.

“They could not get Allen Weisselberg to cooperate and tell them what they wanted to hear and that’s why they are going forward with these charges and they could not get him to cooperate because he would not say that Donald Trump had knowledge or any information that he may have been not deducting properly the use of cars or an apartment.”