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
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
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
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates takes an aggressive approach to investing, despite being the second richest person in the world.Wealthread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
Viacom chief executive officer Bob Bakish is not worried about competition in the streaming space, on the heels of its merger with CBS.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.The Faber Reportread more
President Donald Trump on Monday touted Sinclair Broadcast Group, which owns more than a dozen NBC news affiliates, as being "far superior to CNN and even more Fake NBC."
The defense of Sinclair came amid a seven-tweet flurry Monday morning, in which the president weighed in on topics ranging from immigration to mega-retailer Amazon's tax status.
Sinclair's local broadcast networks drew national attention in March, after dozens of television anchors across the country recited an identical speech warning that some outlets are promulgating "biased and false news" in order to "push their own personal bias."
"This is extremely dangerous to our democracy," the script read.
In a public statement released Monday afternoon, Scott Livingston, Sinclair's vice president of news, said that the script "served no political agenda, and represented nothing more than an effort to differentiate our award-winning news programming from other, less reliable sources of information."
Livingston has defended his company against accusations of bias before. In 2016, Jared Kushner informed a group of business executives that his father-in-law's presidential campaign struck a deal to achieve more favorable news coverage, Politico reported shortly after the election.
Livingston, told Politico at the time that the offer for extended interviews with local broadcasters was also made to Hillary Clinton's campaign. Clinton herself did not participate, though her running mate, Sen. Tim Kaine, D-Va., gave multiple interviews.
Sinclair, which owns or operates 193 television stations, is the largest broadcaster in the U.S.
The New York Times reported in August that Sinclair's chairman had discussed relaxing regulations on television advertising with Ajit Pai, who became the Federal Communications Commission chairman soon after.
During Pai's first 10 days on the job, he rolled back the Obama-era restriction on sharing ad revenue and other resources among television stations, according to records of the exchange.
The company is currently seeking approval from the Justice Department and the Federal Communications Commission for a $3.9 billion deal to buy Tribune Media.
While Sinclair owns more than a dozen NBC affiliates, Trump in his tweet said the broadcasting group is "far superior" to NBC, "which is a total joke."
Sinclair Broadcast Group did not immediately respond to CNBC's request for comment about the president's tweet.