The U.S.'s decision to close its Export-Import Bank would damage U.S. companies trying to do business in Africa, GE's Jeff Immelt said.» Read More
WASHINGTON, June 11- Republicans in the U.S. House of Representatives will vote on June 19 for a new House majority leader to replace outgoing Representative Eric Cantor, party lawmakers said on Wednesday. Cantor is expected to leave the No. 2 House position at the end of July after losing a primary election on Tuesday in his congressional district.
Discussing tea party candidate Dave Brat's defeat of House Majority Leader Eric Cantor and how it will impacts immigration reform, with Barney Frank, former Massachusetts Representative, and CNBC senior contributor Larry Kudlow.
Discussing why Eric Cantor lost and if the defeat signals the reemergence of the tea party, with Sara Fagen, DDC Advocacy partner, and CNBC's John Harwood.
After GOP congressional candidate Dave Brat stunningly defeated House Majority Leader Eric Cantor, CNBC's John Harwood takes a closer look at who exactly Dave Brat is and why Cantor lost.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks dropped on Wednesday, with the Dow and S&P 500 pulling back from recent record highs, following the World Bank's reduction of its global growth forecast.
Discussing how the market is digesting House Majority Leader Eric Cantor's loss, with MIchael Farr of Farr, Miller and Washington, and Zachary Karabell, Envestnet.
WASHINGTON, June 11- U.S. House of Representatives Majority Leader Eric Cantor plans to step down as the No. 2 House Republican after a shock election defeat to a Tea Party movement upstart that set off an unexpected scramble for new leadership. The Washington Post reported that Cantor would leave his post effective July 31.
NEW YORK, June 11- House Majority Leader Eric Cantor's shocking defeat isn't likely to have much effect on U.S. financial markets-- unless his departure emboldens Tea Party Republicans to again threaten a government shut-down over the debt ceiling next year, investment strategists said.
Discussing how Eric Cantor's primary upset could impact Washington and the markets, with Ben Willis, Princeton Securities Group, and Kenny Polcari, O'Neil Securities.
NEW YORK, June 11- Stocks retreated from recent highs on Wednesday, pressured by a lower World Bank growth forecast and a profit warning from Lufthansa, while crude oil rose on fears of disrupted supply from Iraq.
*Micron, Amazon rise after analysts' comments. *World Bank cuts global 2014 outlook. Investors expressed caution after the surprising primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
Harold Ford Jr., Morgan Stanley managing director, discusses what's behind the GOP's emergency meeting after House Majority Leader Eric Cantor was upset in the Virginia primary.
Some Republicans are demanding Eric Cantor step down from his post now, reports CNBC's John Harwood.
Larry McDonald, Newedge USA, discusses how the defeat of House Majority Leader Eric Cantor in the Virginia primary could impact the U.S. economy and immigration, as well as the sectors that will benefit from his defeat.
The FMHR traders discuss what role the defeat of House Majority Leader Eric Cantor in the Virginia GOP primary could have on the U.S. stock market.
WASHINGTON, June 11- Republican lawmakers are scrambling to identify the party's future leaders after the shock primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
Tea party activist David Brat tells CNBC his stunning victory over House Majority Leader Eric Cantor was nothing short of a miracle.
U.S. Senate candidate Joe Carr (R-Tenn.), weighs in on House Majority Leader Eric Cantor's primary loss to David Brat and provides insight to his upcoming election against veteran Tennessee Republican Senator Lamar Alexander.
Bob Doll, Nuveen Asset Management chief equity strategist and senior portfolio manager, discuss how the election loss of House Majority Leader Eric Cantor will affect the U.S. stock market.
If elected, GOP congressional candidate Dave Brat of Virginia, discusses how he will change the rift he sees between Main Street and Wall Street.