The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Sen. Elizabeth Warren has called on lobbyists to be banned from donating and fundraising for their preferred campaigns. Her new plan represents the latest shift for Warren who...2020 Electionsread more
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.Oilread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
The CEOs who abandoned President Donald Trump's business councils had to think of their companies first, former LVMH CEO Mark Weber told CNBC on Thursday.
Top business executives disbanded the Strategy & Policy Forum on Wednesday in response to Trump's reaction to the deadly white supremacist rally in Charlottesville, Virginia. Several CEOs also quit the president's manufacturing council before Trump dissolved it.
In an interview with "Closing Bell," Weber said it was time for them to walk away.
"It's unfortunate. These people came to Washington trying to help the government. What's going on now, they can't. So they have to walk away because their No. 1 priority is to protect the brand they represent," he said.
He also said some of the people participating in the rally, which featured swastikas and chants of "Jews will not replace us," were only against the removal of a statue of Confederate Gen. Robert E. Lee. Then on Thursday, he tweeted against removing the "beautiful" Confederate statues and monuments.
Ben Baldanza, former CEO of Spirit Airlines, agrees that executives need to do what is right for their companies.
"Two things that businesses don't like are uncertainty and distraction and Washington is sure supplying plenty of both of those things right now," he told "Closing Bell."
He hopes Trump and his advisors stay close to the business community because if the president is unable to get the support he needs for his pro-growth agenda, "that's going to make it a very difficult time for American business and the economy."
In fact, just because CEOs are publicly distancing themselves from the president doesn't mean Trump still can't call them for advice, Weber noted.
"Publicly, these folks may not want to put their name out here. Privately, how can you refuse the president of the United States and turn your back on the country? It just won't happen," he said.
— CNBC's Jacob Pramuk contributed to this report.