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The President's eldest son Donald Trump Jr. downplayed Monday a 2016 meeting between top campaign aides to his father and a Russian lawyer, saying the highly scrutinized engagement "ended up being about essentially nothing that was relevant" to questions of collusion.The remarks, which came during a friendly interview on The Laura Ingraham Show, came after President Donald Trump wrote on Twitter the June 2016 meeting was intended to get damaging information on his Democratic opponent Hillary Clinton — contradicting a statement he dictated when the meeting came to light a year ago.In the interview Monday, Trump Jr. said the session lasted 20 minutes, and maintained the central focus was on adoptions — even as he conceded the Clinton dirt was how the Russian lawyers secured the meeting in the first place. 822
The other shoe has dropped for struggling sneaker company Under Armour.Under Armour reported quarterly sales Tuesday that fell nearly 5% from a year ago, missing forecasts badly. The company also lowered its outlook for the year again.That news sent the company's two classes of stock down more than 15% Tuesday. They had already lost nearly half their value for the year ahead of the earnings report. (Under Armour's UAA shares have voting rights while the UA shares do not.)CEO Kevin Plank said in the earnings release that the biggest problem is lower demand for its shoes and athletic apparel in its home market of the United States.The Baltimore-based company has been growing internationally, with sales surging in Europe, Latin America and Asia during the quarter.But those markets are still relatively tiny for Under Armour. Revenue in North America makes up more than three-quarters of its overall sales -- and those sales plunged 12% in the third quarter.It's a stunning fall from grace for Under Armour, which not that long ago was gaining market share at the expense of Nike and Adidas.The company signed Golden State Warriors star Steph Curry a few years ago, a move that seemed like a slam dunk success, since Curry has gone on to win multiple NBA MVP awards and two championships.But several iterations of the Curry shoes have routinely been mocked on social media for not looking cool. Even Curry's teammate Kevin Durant, who endorses Nike, poked fun at Under Armour earlier this year.Making matters worse, there have been reports of supply chain issues with the new Curry 4 line of sneakers. And Under Armour confirmed during its conference call with analysts Tuesday that it will delay some products to the fourth quarter.Under Armour also suffered from bad PR earlier this year after Plank agreed to join the White House's now defunct manufacturing council. Plank said in an interview with CNBC that "a pro-business president is something that is a real asset for the country."Curry told The Mercury News that he agreed with Plank -- but only "if you remove the 'et' from asset." Other professional athletes have been vocal about their disagreements with Trump as well.As such, Plank -- like many other CEOs -- has distanced himself from Trump lately.After Trump was reluctant to criticize neo-Nazis at a white supremacist rally, he then bashed Curry for not wanting to visit the White House and attacked athletes who protested the national anthem. Under Armour has come to the defense of its star endorsers.But that hasn't been enough to rejuvenate Under Armour's flagging sales or stock price.Meanwhile, Adidas has thrived in the past year while Under Armour and Nike have both struggled. Even Skechers has enjoyed a resurgence lately.So what can Under Armour do to get back on track? Neil Saunders, managing director of the research firm GlobalData Retail, wrote in a report that the company should continue to focus on expanding globally, which has been successful for Under Armour.But Saunders added that the company has to do more to court women as consumers, as Nike, Adidas and yoga apparel king Lululemon have successfully done."Under Armour is not so broken that it cannot be fixed. But the days of glory, when it would post double-digit uplifts in sales, are over. Now is the time to work out, slim down, and become more competitive," Saunders wrote. 3394
The NBA's two biggest superstars will face off in the NBA Finals again. But the pairing of LeBron James and Steph Curry is not the hottest ticket in sports.That honor goes to the Stanley Cup Final, which pits the Vegas Golden Knights expansion team against the Washington Capitals. Tickets for the final are the most expensive ever recorded, averaging ,983 for the series, according to TicketIQ, which has tracked tickets since 2011.In just their first year of existence, the Golden Knights are creating tremendous buzz.The team opened the best-of-7 series with a Game 1 victory.The Knights are new and unexpected, and the Capitals have never won a Stanley Cup, which is generating excitement as well.The Cleveland Cavaliers and Golden State Warriors, on the other hand, are meeting for their fourth consecutive NBA championship series starting Thursday. The story lines seem familiar. The average price for a "get in" ticket — a metric ticket sites use to aggregate the cheapest prices — to any of the NBA Finals games cost 0. That's the lowest they've been in the past four years.The average cost of all tickets to the NBA championship — which includes more than just "get in" pricing — increased from last year and is the second highest since 2011, according to TicketIQ. The rise in average can be attributed to an increase in some of the seat prices at Oracle Arena where the Warriors play. TicketIQ founder Jesse Lawrence said demand is also up because the Warriors are expected to win in four games.Stanley Cup Final tickets tend to be more expensive than NBA Finals tickets. But this year has been unprecedented for the Cup. Not only is the average price for all tickets higher than ever before, but across the series, the average cost of the cheapest tickets is also up more than 0 from last year.For Game 5, which won't happen if there's a sweep, the lowest prices on TicketIQ are over ,100 for the Stanley Cup Final and around 0 for the NBA Finals . On Ticketmaster and StubHub, NHL tickets are priced at over 0 and NBA seats are around 0. 2122
The latest stimulus package passed by Congress is one of the longest bills to be pushed so quickly through the Senate and the House. The final bill was handed to lawmakers just hours before they voted on it.“This bill is too long, too complicated,” said Thea Lee, president of the Economic Policy Institute (EPI).EPI expects the 0-billion package will provide an instant jolt to our economy by extending unemployment benefits and enhancing them by 0 a week. It also includes a 0 stimulus check for millions of Americans and billion for housing and eviction protection.There are hundreds of billions of dollars for Paycheck Protection Program loans, intended for small businesses. However, those touted benefits only take up a couple of pages in the nearly 5,600-page bill."There are things in there that don’t belong in there,” said Lee.In fact, as more experts and government watchdog organizations start to sift through the stimulus bill, which was also tied to an ominous spending bill, the list of non-pandemic related funding and measures grows.“Some of it is things like horse-racing commissions [funding] and so on, but some of it shouldn’t be in there because it is helping either people or businesses that don’t need the help,” Lee explained.For example, there’s a tax break on alcohol, and Lee pointed out the alcohol industry is one that has actually thrived during the pandemic. Legislators also included a tax break for what has been dubbed the Three Martini Lunch.“It’s a deduction for business people who are having expensive lunches out. That has been extended in this bill,” said Lee. "That is not the best way, the most targeted way to help the restaurant industry.”For all of the non-pandemic-related measures squeezed into this latest deal, there is a surprise in what did not make it in.“The most important thing that is not in the stimulus bill is aid to state and local governments,” said Lee. "If they don’t get enough aid from the federal government, they will have to start laying off workers.”Another thing not in the stimulus bill was an extension on the student loan payment pause. Many student loan borrowers will have to start repaying loans in January and interest will begin accruing again.There is also, notably, no transparency requirement tied to small business PPP loans. Watchdog organizations, like U.S. Public Interest Research Group, have been calling for it for months, given all the issues seen with the first round of PPP loan funding."The Department of Justice has actually indicted 57 people so far from stealing over 5 million from the PPP loan program,” said RJ Cross with U.S. PIRG.Also, lawsuits filed by several news organizations forced the Small Business Administration to reveal more names of companies that have received the forgivable loans. The result has shown that most of the PPP loans issued in the first round, more than 0 billion, went to larger than intended business. The smallest businesses, in which the loans were intended for, actually struggled to get the funding they needed.U.S. PIRG has fought for months to get transparency requirements tied to PPP loan money to prevent further fraud and corruption in the program, and the group was surprised that was not included in this latest stimulus package.“If folks are very clear on the fact that information about their loans, their application, and their businesses will be made public, it helps to deter a lot of fraudsters in the beginning,” Cross added. “Congress largely squandered that opportunity to strengthen those measures that would increase public trust in the PPP program.”Congress is expected to immediately begin working on yet another stimulus bill in January and could address some of the concerns with this latest bill."I hope that Congress can come back in 2021 and take up the elements that are missing from this bill,” said Lee. 3894
The little girl who went viral for being awestruck with Michelle Obama's portrait dressed as the former first lady this Halloween.Earlier this year, then-2-year-old Parker Curry was photographed staring at Amy Sherald's portrait of Obama at the National Portrait Gallery, completely enthralled with the image towering over her.When Halloween rolled around, Parker, now 3, stepped out for trick-or-treating dressed as Obama, complete with a gown that replicates the Milly dress that the first lady is wearing in her portrait, according to posts on her Twitter and Instagram accounts.Obama responded on Twitter Thursday morning, saying "You nailed the look, Parker! I love it!"It was Parker's idea to be Obama and "her first immediate response" when asked what she wanted to dress as for Halloween, her mother Jessica Curry told CNN."We asked her a few times, 'Are you sure?'" Curry told CNN. "'Yes, I do. I want to be Michelle Obama.'"Parker's dress was a gift from Alisha Welsh, who runs a small, family based company in New York, Magnolia Lake Children's Clothing, according to Curry. Welsh had offered to make Parker her own Obama dress back in March when she was inspired by the photo of Parker.When Parker first saw the dress that arrived on Halloween morning, Curry recalled, "her jaw dropped.""She was just like, 'Wow.' She was really excited. She was giggly," Curry said.Curry told CNN that when she asked Parker if she liked the dress, Parker replied, "'It's perfect.'"When trick-or-treating around the neighborhood, "some people did recognize the dress and were tickled although none of them probably made the connection that (it) was Parker," Curry told CNN. "She got way too much candy."Curry told CNN that Parker asked to wear it again Thursday morning to school. Curry said that she would not be surprised if Parker picked to be Obama again next Halloween.BuzzFeed News was the first to report on Parker's costume choice.Back in March, Curry told CNN that Parker "believes Michelle Obama is a queen, and she wants to be a queen as well.""As a female and as a girl of color, it's really important that I show her people who look like her that are doing amazing things and are making history so that she knows she can do it," she told CNN then.That viral image of Parker entranced by Obama's portrait led to her coming face to face (and having a dance party) with her idol in real life and later an appearance on "The Ellen DeGeneres Show." 2459