Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Political experts believe the vote could give more insight into national politics in each member state, rather than on the future of the EU itself.Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
President Donald Trump says Republicans will have no trouble in this year's midterm elections, which could cause trouble for his party as it defends congressional majorities.
The vast majority of lawmakers and strategists from both major parties believe Democrats will at least pick up a chunk of Republican House seats in November or take a majority in the chamber. Democrats' high hopes are tied to relatively poor approval ratings for Trump and his major policy initiatives, as well as historical struggles for a president's party in midterm years.
During rallies this year, the president has said a "red wave" is coming in November and claimed Republicans could actually gain seats in Congress. In comments to The Hill published Wednesday, Trump reiterated his belief that Republicans will surprise prognosticators.
"I think we're gonna do much better than anyone thinks because the economy is so good, and people do like the job I'm doing," he told the news outlet. While polls have largely found Americans have rosy views of the economy, Trump's approval rating is lower than nearly all of his recent predecessors at this point in their presidencies.
Trump's boasts about future GOP success could damage his party in the midterms as it tries to stress the importance of voter turnout. An enthusiasm gap this year between Democratic and Republican voters could swing races that Republicans might otherwise win.
One report this week showed possible trouble for Republicans. A private poll conducted for the Republican National Committee found half of self-identified Republicans and 57 percent of people who call themselves strong Trump supporters do not believe Democrats have a chance to win the House, according to Bloomberg.
"We need to make real the threat that Democrats have a good shot of winning control of Congress," the report says, according to the news outlet.
Trump's rhetoric may not help as the GOP tries to stop Democrats from flipping 23 GOP-held seats and taking a House majority. He could make it more likely that Republican voters stay home.
"The main risk of being overly optimistic is when candidates in tough races convince themselves that it's true," Kevin Madden, a partner at Hamilton Place Strategies and advisor to Mitt Romney's 2008 and 2012 presidential campaigns, told CNBC last month. "Buying into the idea of a red wave could lead to complacency in what is actually a very tough environment."
Still, he noted that "there aren't many Republican candidates or campaign staffers" who do not know the challenges facing them based on both history and this year's electoral environment. If GOP candidates can effectively convey the risk of Democrats taking the House, it may not matter what Trump says.
The White House did not immediately respond to CNBC's request to comment on whether the president's remarks could hurt Republican candidates.