President Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.Politicsread more
President Donald Trump's son-in-law Jared Kushner has presented a $50 billion investment plan for economic growth and peace in the Middle East that has been greeted with...World Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
"His ... plan to put on a 35 percent tariff for goods imported into the United States from Mexico and China would sink this country into a recession," she told CNBC's "Squawk on the Street." "It would penalize global companies who are trying to be competitive globally."
Those tariffs would also hurt U.S.-based workers of American multinational companies and make foreign products more expensive for consumers and businesses, she said.
"I think he doesn't fully grasp the law of unintended consequences of what seems like a silver bullet, a quick fix. There are no silver bullets and quick fixes to our problems in the United States," said Whitman, a Republican who ran unsuccessfully for California governor in 2010.
The country needs a thoughtful, experienced leader with the temperament to unite the American people, and Trump is not that person, she said.
Trump's refusal to reform entitlements programs would increase the country's debt and deficit, she added.
Whitman served as national finance co-chair for New Jersey Gov. Chris Christie's failed bid for the Republican nomination. After Christie endorsed Trump, she called the move "an astonishing display of political opportunism" and bashed Trump as a "dishonest demagogue who plays to our worst fears."
Earlier this week, Whitman joined with Republican business leaders, including hedge fund manager Paul Singer and Chicago Cubs co-owner Todd Ricketts, to raise funds for a political action committee that would seek to derail Trump's bid for the White House.
Asked whether Hewlett Packard Enterprise could be seen as not rewarding U.S. workers following tens of thousands of layoffs, Whitman said the United States needs to create companies that are competitive globally.
In September, Hewlett-Packard announced it would cut 25,000 to 30,000 positions as part of its restructuring, which has since seen the company split into two separate firms, one focused on enterprise services and one dedicated to its legacy hardware business.
At the time, the company said it expected the share of its workers employed overseas in low-cost locations to grow to 60 percent by 2018 from 42 percent.
The layoffs came on top of 55,000 cuts announced in recent years and further reduced Hewlett-Packard's 300,000-person workforce by about 10 percent.