"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
"We're gonna take this meeting by meeting. We're not on a preset course," Clarida told CNBC's Sara Eisen during an interview Friday on "Squawk on the Street."The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"I feel like I've contributed all I can to this primary election," he told MSNBC's "Morning Joe." "And it's clearly not my time. So I'm going to end my presidential campaign."2020 Electionsread more
The United Auto Workers union and General Motors are making progress on their labor contract talks, however there remain "many" outstanding issues, according to a union leader...Autosread more
Democratic presidential candidate Elizabeth Warren has been given more than one opportunity over the past two weeks to clarify her response to a key question about her...Politicsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
Joshua Harris, Apollo Global Management's co-founder, has a message for private equity's naysayers in Washington.Delivering Alpharead more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Two sites were hit Saturday — the Abqaiq and Khurais oil facilities — which took out 5.7 million barrels per day of oil production.World Politicsread more
Taco Bell's parent company Yum Brands on Monday said David Gibbs has been tapped as CEO, effective Jan. 1, 2020.
Gibbs will be succeeding Greg Creed, who is retiring after being with Yum for 25 years. He's been CEO since Jan. 2015. Prior to that, he led Taco Bell and introduced the Doritos Locos tacos to the world.
Gibbs, 55, currently serves as Yum's president and chief operating officer, overseeing the global Pizza Hut, KFC and Taco Bell divisions. The company also is appointing Gibbs to its board, effective Nov. 1.
"I've had the privilege of partnering with our franchisees to grow the three iconic brands within the Yum! Brands portfolio for over 30 years and am honored to follow in Greg's footsteps," Gibbs said in a statement.
"I am excited to accept this new role as we conclude the third and final year of our company's strategic transformation," he continued. "Because of our journey to become more focused, franchised and efficient, we're now in the best position we've ever been in to accelerate growth and improve franchise unit economics, but we still have more to achieve."
Yum said Creed, 62, will serve as a part-time advisor next year and will remain on Yum's board of directors.
"The best of Yum! is still to come and I'm delighted we have an exceptional leader like David who will drive the next wave of growth for our company," Creed said in a statement.
Yum recently reported same-store sales growth of 5% during its second quarter, driven by strong performance at Taco Bell and KFC. Delivery has helped boost sales for the company, which also owns a minority stake in GrubHub.
Yum shares are up more than 25% this year.
—CNBC's Amelia Lucas contributed to this reporting.