Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Vice President Mike Pence said Wednesday that Democratic presidential hopeful Pete Buttigieg "knows better" days after the South Bend, Indiana, mayor made waves by critiquing Pence's record on LGBT equality.
"He said some things that are critical of my Christian faith and about me personally. And he knows better. He knows me," said Pence, who served as governor of Indiana when Buttigieg came out as gay during his reelection campaign for mayor.
The vice president's comments came during an interview with Joe Kernen on CNBC's "Squawk Box" that will air at 6 a.m. ET on Thursday morning.
"But I get it. You know, it's look, again, 19 people running for president on that side in a party that's sliding off to the left. And they're all competing with one another for how much more liberal they are," Pence said.
Pence was responding to comments that Buttigieg, who is expected to officially launch his campaign for president Sunday, made over the weekend during an event hosted by the LGBTQ Victory Fund.
"I wish the Mike Pences of the world would understand, that if you have a problem with who I am, your quarrel is not with me," Buttigieg said. "Your quarrel, sir, is with my creator."
Buttigieg has skyrocketed to the front of the Democratic pack since announcing the formation of an exploratory committee in late January. Buttigieg, an Afghanistan war veteran, has said that his marriage to his husband has brought him closer to God.
Pence has faced scrutiny from LGBT activist groups over his opposition to gay marriage and his support, while governor, for a "religious freedom" bill that opponents said targeted gays and lesbians. Business groups including the Indiana Chamber of Commerce had opposed the measure. Pence signed the bill shortly before Buttigieg came out.
The former governor, who President Donald Trump once reportedly joked "wants to hang them all," referring to gay people, said Wednesday that he stood by his view of marriage.
"But that doesn't mean that we're critical of anyone else who has a different point of view," he said.
Pence said that as governor, he "worked very closely with Mayor Pete" and that they "had a great working relationship." He noted that, as governor of Indiana, he implemented the Supreme Court's decision that made gay marriage the law of the land.
When reached for comment on Pence's remarks, a representative for Buttigieg's campaign referred CNBC to the candidate's previous statements.
Buttigieg, apparently responding to similar comments that Pence made in 2015, wrote in a post on Twitter this week that people "will often be polite to you in person, while advancing policies that harm you and your family."
"You will be polite to them in turn, but you need not stand for such harms. Instead, you push back, honestly and emphatically. So it goes, in the public square," Buttigieg wrote.
Read the full exchange:
Mike Pence: Well, look, I worked very closely with Mayor Pete when I was governor of the state of Indiana. We had a great working relationship. And he said some things that are critical of my Christian faith and about me personally, and he knows better. He knows me. But I get. You know, it's — look, they got 19 people running for president on that side —
Joe Kernen: Have you evolved at all —
Pence: — in a party that is sliding off to the left —
Kernen: I agree.
Pence: And they're all competing with one another for how much more liberal they are than the other. So, I get that.
Kernen: But, Mr. Vice President, since the year 2000, have you — the country has evolved, to some extent, I think, on marriage equality, on gay rights. Have you — would you say your views have evolved at all since then?
Pence: Look, the Supreme Court has made their decision.
Kernen: So you accept it as law?
Pence: And when I was governor of Indiana, we fully implemented that decision in the law. But, Joe, I have my Christian values. My family and I have a view of marriage that's informed by our faith. And we stand by that. But that doesn't mean that we're critical of anyone else who has a different point of view.