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A new report finds a lack of Latino representation on the big and small screens.
Many of the Latino portrayals portray the community negatively or perpetuated false stereotypes.
Legendary producer Emilio Estefan says Latinos bring something unique to the table.

Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities.
“I feel proud that I didn’t have to change my last name I didn’t have to change my sound because people liked it,” he said. “We bring something a little bit different and that’s what makes America.”

The Cuban-American Estefan, who is married to superstar singer Gloria Estefan, has endured one of the relatively few key figures in American show business. He’s won 19 Grammys, and President Barack Obama awarded both Gloria and Emilio Estefan the Presidential Medal of Freedom in 2015.
While Latino spending is a driving force in the American economy, representation in media is still lacking, according to a new report by the Latino Donor Collaborative.
In 2022, only 3.1% of lead actors in TV shows are Latinos, and the percentage of representation in films is no better. Yet, at the box office, Hispanic customers purchased 29% or $2.9 billion of all box office tickets sold in 2019, before the Covid pandemic shut down theaters.
The report also found that not only is there a lack of Latino representation but many of the portrayals of Latino are negative. Examples of these roles included undocumented immigrants, orphans, criminals, and poor and uneducated people.
“The unfortunate reality is that Latino representation in mainstream entertainment in the United States continues to be very small and has not significantly improved in the last five years,” the report said.

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Latinos are seeing the least growth of any other group when it comes to board representation.
Latinas have just 1% of board seats at Fortune 500 companies, a new report says.
This week, Nike announced the appointment of a Latina, Monica Gil, chief administrative and marketing officer of NBCUniversal Telemundo Enterprises.

Latinos are the second largest demographic population in the United States, but they are vastly underrepresented on corporate boards, according to a new report by the Latino Corporate Directors Association.
“Sixty-five percent of Fortune 1000 companies lack Latinos, and Latinos are seeing the least growth of any other group,” Esther Aguilera, CEO of LCDA, told CNBC at this week’s L’Attitude Conference.

It’s even worse for women. According to the report, Latinas are have just 1% of board seats on Fortune 500 companies
Latinos comprise nearly 20% of the U.S. population and were responsible for $2.7 trillion in economic output in 2020.
We contribute 25% of the country’s GDP and will contribute 78% of net new workers to the workforce during this decade. This has to change,” Elizabeth Oliver-Farrow, chair of the Latino Corporate Directors Association, said in a release.
The Latino Corporate Directors Association, a membership-based organization of U.S. Latinos at the highest level of corporate leadership and corporate governance, was formed to increase U.S. Latino representation on corporate boards by raising visibility of the Hispanic talent primed for the boardroom.
“These are extremely accomplished individuals, who have led and grown business on the corporate level internationally and they add additional value and insight into new markets,” Aguilera said.

While corporations still have a long ways to go, she said, they have seen some recent success.
On Wednesday, Nike announced that Monica Gil, chief administrative and marketing officer of NBCUniversal Telemundo Enterprises, would join its board.
“We had American Airlines, Apple and a lot of companies start to get it. So the question becomes, ‘Hey, these companies are stepping up,” Aguilera said. “Where are the rest?”
Disclosure: NBC Universal is the parent company of CNBC.

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Moderna has asked the FDA to authorize omicron boosters for adolescents ages 12 to 17 and for kids ages 6 to 11.
The Boston biotech company said it will ask the FDA to clear the omicron shots for the youngest children, 6 months through 6-years-old, later this year.
The Centers for Disease Control and Prevention, in a document published Tuesday, said it expects children to become eligible for the omicron boosters by mid-October pending FDA authorization.

Following CDC approval for vaccination of children aged 6 months to 5 years, 4 year-old Eleanor Kahn sits with her father Alex, as nurse Jillian Mercer administers the Moderna vaccine for the coronavirus disease (COVID-19) at Rady Children’s Hospital in San Diego, California, U.S., June 21, 2022.
Mike Blake | Reuters

Moderna has asked the Food and Drug Administration to authorize its omicron booster shots for children, the company announced on Friday.
Moderna filed two separate FDA authorization requests, one for adolescents ages 12 to 17 and another for kids ages 6 to 11. The Boston biotech company said it will also ask the FDA to clear the shots for the youngest children, 6 months through 5-years-old, later this year.

The Centers for Disease Control and Prevention, in a document published Tuesday, said it expects children to become eligible for the omicron boosters by mid-October pending authorization by the FDA. The CDC’s vaccine advisory committee has meetings scheduled for October 19 and 20.
Pfizer told the CDC advisory committee earlier this month that it expects to ask the FDA to authorize omicron boosters for children ages 5 to 11 in early October.
U.S. health regulators cleared Moderna’s omicron boosters for adults earlier this month. Pfizer’s boosters were authorized for people ages 12 and older.
The new shots target the omicron BA.5 subvariant as well as the original strain of Covid that first emerged in China in late 2019. The FDA and CDC expect the new boosters to provide superior protection against infection and disease because they target the most common omicron subvariant.
The old vaccines, which were designed to fight the original Covid strain, are no longer providing meaningful protection against infection and mild illness because the virus has mutated so much. There is also concern that the original shots’ effectiveness at preventing hospitalization and severe illness is starting to decline.
Public health officials are confident in the new omicron BA.5 boosters, though it’s unclear just how effective they will be in the real world. The shots were authorized without data from human clinical trials

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Life Changes

Money may not be top of mind when you’re in love, but financial considerations can make or break a relationship.
A joint bank account can make sense for couples living together, but mixing investments, real estate and other assets requires much more thought and planning.
The context of merging or keeping assets separate is often considered under the guise of a prenuptial agreement before a legal marriage.

Hispanolistic | E+ | Getty Images

Money may not be top of mind if you’re in love, but it deserves some serious consideration if you want a lasting relationship.
A partnership that pools resources and shares expenses can be a very good thing for a relationship and for each other’s financial well-being. However, different spending and saving habits can also be an enduring source of conflict for couples.

From the point of view of managing household finances, sharing a joint bank account can make things a lot easier.

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Here’s a look at other stories offering a financial angle on important lifetime milestones.

“Money stresses people out,” said Douglas Boneparth, a certified financial planner and president of Bone Fide Wealth in New York. “In general, the less moving parts, the better.
“If you’re paying bills and depositing checks from and into one account, it’s easy to see what’s going in and what’s going out.”
That, in turn, forms a good foundation to draft a common budget and establish financial targets together. It also gives both partners a good view on each other’s spending and saving patterns, and it can potentially highlight issues that need to be worked out.

Boneparth suggests that it’s better to find out about a partner’s spending habits, their debt obligations and general financial standing earlier rather than later.

“Ideally, you want to flesh it all out before tying the knot,” he said. “These things can create fractures in relationships.
“It’s about trust and honesty,” Boneparth added. “You need to address issues, find solutions, and support each other in these things.”

What to keep separate and when

A joint bank account is one thing, but comingling investment assets, sharing titles to real estate and other property is another. While people can and should designate beneficiaries for investment accounts and other assets, pooling assets and accounts with a partner may not always make sense.
Indeed, there can be a wide range of personal, financial and tax-related reasons why either comingling assets or keeping them separate is the best approach for a couple.
“There’s no one solution that is right for everyone; it’s a matter of individual preference,” said Boneparth. “There may be good reasons to keep some accounts separate and to divvy assets and liabilities up in different ways.”

The universal solvent for a lot of these issues is simply solid communication.

Douglas Boneparth
president of Bone Fide Wealth

For example, one person may have business interests, property or an inheritance they want to keep separate from a relationship. In some cases, it could be to ensure that a spouse is not exposed to potential liability that the other partner carries as a business owner or professional. In other instances, it may simply be the personal choice of one or both partners to manage their finances separately.
The context of merging or keeping assets separate is often considered under the guise of a prenuptial agreement before a legal marriage. The parents of one spouse, for example, may be concerned about protecting the assets they plan to pass down to their engaged child.
This process can, of course, be a source of friction and pain between a couple, but it is essential to address these problems up front and resolve any emotional issues.

The only way to ensure that the spending, saving, earning and inheriting of money doesn’t become an issue of conflict in a relationship is to put everything on the table and discuss it.
“The universal solvent for a lot of these issues is simply solid communication,” said Boneparth, who is himself married. “That’s what makes for a good relationship overall and for a good financial partnership specifically.” More

Boston Celtics head Coach Ime Udoka reportedly had a consensual, intimate relationship with a woman working for the team.
The NBA franchise suspended him for the full 2022-23 season.
Assistant coach Joe Mazzula is likely to serve as interim head coach during the suspension.

Celtics head coach Ime Udoka (left) did not agree with a referee (right) in the second quarter during a game between the Boston Celtics and the Golden State Warriors, Game Six of the NBA Finals at the TD Garden in Boston on June 17, 2022.
Jim Davis | Boston Globe | Getty Images

The Boston Celtics suspended head coach Ime Udoka for the 2022-23 season, citing “violations of team policies.”
The suspension, effective immediately, comes after reports Udoka was in a consensual intimate relationship with a woman employed by the franchise.

In a statement to ESPN, Udoka apologized and said he accepted the team’s decision.
Udoka has coached the Celtics for one season, leading the organization since former head coach Brad Stevens left the role to become president of basketball operations. He oversaw the teams Eastern Conference championship and a failed NBA Finals bid against the Golden State Warriors.
The Celtics have tapped assistant coach Joe Mazzulla to serve as interim head coach, ESPN reported, citing sources. The team’s top assistant coach, Will Hardy, left the team in June for a head coaching job with the Utah Jazz.
The Celtics, who have won 17 NBA titles, are the fifth most valuable franchise in the league, at $3.55 billion, according to Forbes.

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Sustainable Energy

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The IEA says both EVs and lighting are “fully on track for their 2030 milestones” in its net-zero by 2050 scenario.
Paris-based organization says 2022 is “expected to see another all-time high for electric vehicle sales, lifting them to 13% of total light duty vehicle sales globally.”
The debate and discussion about climate goals and the future of energy is becoming increasingly fierce.

Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year.
Sean Gallup | Getty Images News | Getty Images

Electric vehicle sales are on course to hit an all-time high this year, but more work is needed in other sectors to put the planet on course for net-zero emissions by 2050, according to the International Energy Agency.In an announcement accompanying its Tracking Clean Energy Progress update, the IEA said there had been “encouraging signs of progress across a number of sectors” but cautioned that “stronger efforts” were required to put the world “on track to reach net zero emissions” by the middle of this century.
The TCEP, which is published yearly, looked at 55 parts of the energy system. Focusing on 2021, it analyzed these components’ progression when it came to hitting “key medium-term milestones by the end of this decade,” as laid out in the Paris-based organization’s net-zero pathway.

On the EV front, the IEA said global sales had doubled in 2021 to represent nearly 9% of the car market. Looking forward, 2022 was “expected to see another all-time high for electric vehicle sales, lifting them to 13% of total light duty vehicle sales globally.”
The IEA has previously stated that electric vehicle sales hit 6.6 million in 2021. In the first quarter of 2022, EV sales came to 2 million, a 75% increase compared to the first three months of 2021.

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The IEA said both EVs and lighting — where more than 50% of the worldwide market is now using LED tech — were “fully on track for their 2030 milestones” in its net-zero by 2050 scenario.
Despite the outlook for EVs, the IEA separately noted that they were “not yet a global phenomenon. Sales in developing and emerging countries have been slow due to higher purchase costs and a lack of charging infrastructure availability.”
Overall, the rest of the picture is a more challenging one. The IEA noted that 23 areas were “not on track” with a further 30 deemed as needing more effort.

“Areas not on track include improving the energy efficiency of building designs, developing clean and efficient district heating, phasing out coal-fired power generation, eliminating methane flaring, shifting aviation and shipping to cleaner fuels, and making cement, chemical and steel production cleaner,” the IEA said.
The shadow of 2015’s Paris Agreement looms large over the IEA’s report. Described by the United Nations as a “legally binding international treaty on climate change,” the accord aims to “limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.”
Cutting human-made carbon dioxide emissions to net-zero by 2050 is seen as crucial when it comes to meeting the 1.5 degrees Celsius target.

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In a statement issued Thursday the IEA’s executive director, Fatih Birol, appeared cautiously optimistic. “There are more signs than ever that the new global energy economy is advancing strongly,” he said.
“This reaffirms my belief that today’s global energy crisis can be a turning point towards a cleaner, more affordable and more secure energy system,” he added.
“But this new IEA analysis shows the need for greater and sustained efforts across a range of technologies and sectors to ensure the world can meet its energy and climate goals.”
The IEA’s report comes at a time when the debate and discussion about climate goals and the future of energy has become increasingly fierce.
This week, the U.N. secretary general said developed economies should impose an extra tax on the profits of fossil fuel firms, with the funds diverted to countries affected by climate change and households struggling with the cost-of-living crisis.
In a wide-ranging address to the U.N. General Assembly in New York, Antonio Guterres described the fossil fuel industry as “feasting on hundreds of billions of dollars in subsidies and windfall profits while households’ budgets shrink and our planet burns.” More

The British government is set to announce sweeping tax cuts for businesses and the wealthy Friday, in a controversial mini-budget.
The “trickle-down economic” approach, which comes as Britain faces its worst cost-of-living crisis in decade amid soaring inflation, has attracted criticism.
In a tweet, U.S. President Joe Biden said he was “sick and tired” of the policy, adding it has never worked.
U.K. Finance Minister Kwasi Kwarteng is set to unveil cuts to taxes on employee pay and banker bonuses.

British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders.
Wpa Pool | Getty Images

LONDON — The British government is set to announce sweeping tax cuts for businesses and the wealthy Friday, in a controversial mini-budget showcasing the lengths to which new Prime Minister Liz Truss is willing to go to overhaul U.K. economic policy even as it draws political ire.
Truss — whose “Trussonomics” policy stance has been likened to that of her political idols Ronald Reagan and Margaret Thatcher — has said she is willing to slash taxes at the top end of the economic spectrum in a bid to boost U.K. growth, in a strategy typically dubbed “trickle-down” economics.

But the approach, which comes as Britain faces its worst cost-of-living crisis in decades, has attracted criticism from both U.K. political opponents and Downing Street’s hereto closest international ally — the U.S. president.
Biden, in a tweet Tuesday, said he was “sick and tired of trickle-down economics,” adding “it has never worked.”
Downing Street said it was “ludicrous” to suggest the comment was aimed at Truss, according to the FT. The White House did not immediately respond to CNBC’s request for comment.
It came a day before the pair formally met for the first time in New York Wednesday, after which Truss tweeted that “the U.K. and U.S. are steadfast allies.”

What is expected in the mini-budget?

The U.K.’s growth-focused, mini-budget, which will be announced Friday by the U.K.’s new Finance Minister Kwasi Kwarteng, is expected to include plans to scrap planned corporation tax hikes, an end to the cap on bankers bonuses and a potential cut to stamp duty, the tax paid on house purchases.

Kwarteng also confirmed ahead of time Thursday that the government will reverse a recent hike in the taxes employees pay on earnings, known as National Insurance.

I don’t accept this argument that cutting taxes is somehow unfair.

U.K. prime minister

Critics, including Britain’s opposition Labour party, have argued that such measures disproportionately benefit the wealthy. Higher earners will receive greater relative savings from the tiered NI levy than lower earners, for instance, while pensioners and those on benefits will be exempt from the savings.
Still, Truss said Tuesday she was willing to be unpopular if needed to kick-start the U.K. economy.
“I don’t accept this argument that cutting taxes is somehow unfair,” she told Sky News.

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“What we know is people on higher incomes generally pay more tax so when you reduce taxes there is often a disproportionate benefit because those people are paying more taxes in the first place,” she added.
More detail is also expected on a previously announced cap on energy bills for households and businesses, which have been pushed higher following Russia’s war in Ukraine.

A ‘critical moment’ for U.K. economy

On Thursday, the central bank implemented its seventh consecutive rate hike, increasing its base rate by 0.5% to 2.25%. Sterling rose marginally on the announcement but remains at multidecade lows against the dollar.
Analysts have said that the announcement will mark a “critical moment” for the direction of the U.K. economy, with both the government and the central bank, which operate independently, seemingly pulling in opposite directions.
“The bank, looking to dampen consumer demand, and government, looking to increase growth, could now be pulling in opposite directions,” David Bharier, head of research at business group the British Chambers of Commerce, said in a note Thursday.
Questions have also been raised over how the policies will be funded, with tax cuts expected to lead to higher borrowing. Truss has argued that resultant growth will bring in more revenue which will cover those borrowing costs.
“The need to increase future borrowing coming alongside the ongoing tightening measures being undertaken by the central bank – this has the potential to continue to increase future borrowing costs,” Niall O’Sullivan, chief investment officer, multi-asset strategies, EMEA at Neuberger Berman, said.
Matthew Ryan, head of market strategy at global financial services firm Ebury, put those borrowing costs at an estimated £200 billion ($225 billion).

“With everything said and done, we estimate that the government’s spending package may well exceed £200 billion over the next two years, laying waste to the existing plans for fiscal consolidation,” he told CNBC via email.
Ryan noted that the government’s fiscal measures could “significantly lessen the possibility of a deep and prolonged UK recession,” but added that risks remain in terms of elevated inflation over the medium term and increases to the U.K.’s public deficit and net debt levels.
The Bank of England said Thursday that is was possible that the U.K. was already in a recession.

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CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams.
“The charts, as interpreted by Larry Williams, suggest that inflation could soon cool down substantially — soon — if history’s any guide,” he said. 

CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams.
“The charts, as interpreted by Larry Williams, suggest that inflation could soon cool down substantially — soon — if history’s any guide,” he said. 

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The “Mad Money” host’s comments come after the Federal Reserve on Wednesday raised interest rates by another 75 basis points and reiterated its hawkish stance against inflation.
To explain Williams’ analysis, the “Mad Money” host first examined a chart of the current Federal Reserve sticky price consumer price index (in black) compared to the burst of inflation in the late seventies and early eighties (in red).

Arrows pointing outwards

Williams notes that the current trajectory of sticky price inflation has closely hugged this historical pattern, Cramer said. 
He added that when situated in the pattern of inflation in the late seventies and early eighties, current inflation is roughly in the 1980 point of the trajectory — which is around when inflation peaked then.
“Today, unlike back then, the Fed knows exactly how to beat inflation,— and Jay Powell has shown that he’s willing to bring the pain. That means it should peak sooner,” Cramer said.

For more analysis, watch Cramer’s full explanation below.

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