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Oil prices up on stronger Chinese data, Middle East conflict
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. In the previous session, oil prices edged up to a one-week high on data of rising crude oil imports in China in April and as investors saw the cooling U.S. job market as an indication of possible interest rate cuts. China's exports and imports returned to growth in April after contracting in the previous month, signaling an improvement in demand. "Ongoing signs of strength in demand in China should see commodity market remain well supported," ANZ Research said in a note. Daly did not say if she felt the U.S. central bank was likely or not to cut interest rates this year.
Persons: Brent, Mary Daly, Daly, Benjamin Netanyahu, Joe Biden's Organizations: U.S, West Texas, ANZ Research, San Francisco Federal, Financial Locations: China, Israel, U.S, Rafah, Gaza, Cairo
New York prosecutors claim he falsified business records to hide a payment to Stormy Daniels in an early act of election interference in 2016. Trump’s base voters have no problems either with his criminal trials or his false claims that he was cheated out of office. Israel may be far from the biggest worry for Trump’s campaignPolls consistently show that voters care most about the economy. And voters who say the economy is very important to their vote backed Trump over Biden 62% to 30%. It’s not clear that heated Republicans attacks on Biden over Israel Thursday will seriously wound him with his own voters.
Persons: Joe Biden, Biden, Donald Trump –, pollsters, Trump, Stormy Daniels, He’s, Biden outpolls, Trump’s, CNN’s Erin Burnett, Burnett, , ” Biden, , George H.W, Bush, ” Bush, Bill Clinton, Clinton, Israel —, Benjamin Netanyahu, Netanyahu, Republican Sen, Thom Tillis, GOP Sen, Josh Hawley Organizations: CNN, New, Republican, Biden, Federal, Capitol, Arab American, Hamas, Israel, Israel Thursday, GOP, Capitol Hill, Democratic Locations: Wisconsin, East, Ukraine, Gaza, America, Manhattan, New York, it’s, Israel, United States, Arkansas, Scranton, Gazan, Rafah, Michigan, Missouri
Joe Biden delivers remarks on May 8, in Sturtevant, Wis. on May 8. (AP Photo/Evan Vucci) Evan Vucci/APPresident Joe Biden said he would halt some shipments of US weapons to Israel if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah. “Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers,” Biden told CNN’s Erin Burnett in an exclusive interview, referring to 2,000-pound bombs that Biden paused shipments of last week. Biden's comments echo global alarm mounting over Israel's moves in Rafah, where more than 1 million Palestinians have fled and Hamas is believed to have regrouped after Israel’s destruction of much of the strip’s north. The Israeli military's operation in Rafah has expanded from airstrikes to ground operations, which include bulldozing, new satellite imagery obtained by CNN from Planet Labs shows.
Persons: Joe Biden, Evan Vucci, Benjamin Netanyahu, ” Biden, CNN’s Erin Burnett Organizations: Biden, CNN, Planet Labs Locations: Sturtevant, Wis, Israel, Rafah, Gaza, Israeli
Opinion | President Biden’s Biggest Blunder
  + stars: | 2024-05-09 | by ( Bret Stephens | ) www.nytimes.com   time to read: +1 min
Less laudably, but no less understandably, he also needs to shore up support among progressive voters who think that Israel’s use of American weapons implicates us in war crimes. And the consequences of Biden’s decision, if not soon reversed, will be the opposite of what he intends. The munitions cutoff helps Hamas. No Israeli government, even one led by someone more moderate than Benjamin Netanyahu, is going to leave Gaza with Hamas still in control of any part of the territory. If the Biden administration has ideas about how to do that without dislodging it from Rafah, we have yet to hear of them.
Persons: Biden, Benjamin Netanyahu Locations: United States, Israel, Rafah, Gaza
Israeli leaders declared on Thursday that they would not be deterred by President Biden’s threat to withhold more arms shipments if the military launched a major assault on densely populated areas of Rafah in southern Gaza. Defiant and at times disdainful of the Biden administration’s stance, their comments made clear the widening rift between Israel and the United States over the war and the prospect of a full-scale invasion of Rafah, where about a million Palestinians are sheltering. And they came as high-level negotiations aimed at reaching a cease-fire and hostage deal were derailed — at least for the moment — amid anger by some of the participants over a military incursion into Rafah by Israeli forces earlier this week. After that incursion, Mr. Biden said the United States, Israel’s closest ally, would not ship more weapons that could be fired into crowded sections of Rafah. On Thursday, an Israeli military spokesman said his nation had enough munitions on hand to proceed with its plans.
Persons: Biden’s, Biden Locations: Rafah, Gaza, Israel, United States
“I worry about fundamental freedoms across the board.”Asked what specific legal precedents could be undone by the court, Ms. Harris demurred, saying she was “hesitant” to do so. Image At a campaign event in Elkins Park, Pa., on Wednesday, Ms. Harris cast abortion rights as an issue of personal freedom. She said she judged Mr. Trump based on his conduct, adding that she had never met him personally. “I think they might do that,” Mr. Trump said of states’ monitoring of women’s pregnancies in an interview with Time magazine last month. Ms. Harris said she was not worried that such efforts could help Mr. Trump win support from voters who support abortion rights.
Persons: Kamala Harris, Biden’s, Clarence Thomas, , Harris, , Harris demurred, Harris’s, Biden, Donald J, Trump, John Roberts, Roe, Wade, Thomas’s, Thomas, Amy Coney Barrett, Brett Kavanaugh, Neil Gorsuch, Mr, Kavanaugh, Justin T, Sheryl Lee Ralph, “ It’s Organizations: The New York Times, Mr, Trump, Time, “ Abbott, Biden, United Locations: , San Francisco, Pennsylvania, California, Elkins Park, Pa, Washington, United States
A White House spokesman warned on Thursday that Israel “smashing into Rafah” would not eradicate Hamas as he urged the country to find alternatives to the long-threatened assault on a city where more than a million Palestinians are sheltering. But Mr. Biden has grown increasingly wary of a major assault in the densely populated city of Rafah in southern Gaza. “An enduring defeat of Hamas certainly remains the Israeli goal, and we share that goal with them,” Mr. Kirby said. On Wednesday, he said he would also withhold artillery if Israel went ahead with a major operation in Rafah. “If they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities, that deal with that problem,” Mr. Biden said in an interview with CNN’s Erin Burnett.
Persons: Israel “, John F, Kirby, Biden, ” Mr, Israel —, Israel, Mr, CNN’s Erin Burnett Organizations: White House Locations: Rafah, Israel, Gaza, United States, , I’m
President Biden acknowledged on Wednesday that American bombs have been used to kill Palestinian civilians as he warned that the United States would withhold certain weapons if Israel launches a long-threatened assault in southern Gaza. “If they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities, that deal with that problem,” Mr. Biden said in an interview with CNN’s Erin Burnett. Mr. Biden had resisted earlier calls to condition aid to Israel. Mr. Biden said he had made it clear to Mr. Netanyahu and his war cabinet that they would not get support if they moved forward with an offensive in densely populated areas. Asked if he hears the message of those young Americans, Mr. Biden said:“Absolutely, I hear the message.”
Persons: Biden, , Mr, CNN’s Erin Burnett, We’re, we’re, Benjamin Netanyahu, Israel, , Netanyahu, Joe ” — Organizations: U.S, Hamas Locations: Rafah, United, Israel, Gaza, United States, Iran, I’m, East, , Egypt
The US paused a shipment of bombs to Israel last week amid rising concerns over a Rafah assault. Israeli soldiers work on armored military vehicles at a staging ground near the Israeli-Gaza border, in southern Israel on May 8, 2024. That would be a more difficult fight for the Israeli military, Byman said. A view shows Israeli F-16 fighter jets on a runway in an airbase in southern Israel on March 4, 2024. It is not necessarily an unprecedented move, as past US administrations have also threatened to withhold military support from Israel.
Persons: Joe Biden, , Israel, Biden, Benjamin Netanyahu's, Daniel Byman, Byman, Israel's, CNN's Erin Burnett, We're, Raphael Cohen, Cohen, Hatem Khaled, John Kirby, Mohammed Salem, Netanyahu Organizations: US, Service, AP, State Department, Attack Munitions, Transnational, Center for Strategic, International Studies, Hezbollah, REUTERS, RAND Corporation, AIR FORCE, US Army Reserve, White House National Security Council Locations: Israel, Washington, Gaza, Rafah, I'm, Egypt
Israel has already gone into Rafah, but Biden characterized their current level of involvement as short of his red line. I’m old enough to remember when Democrats impeached another President for supposedly withholding foreign aid that had been approved by Congress. The Government Accountability Office, a nonpartisan watchdog, formally concluded that the Trump administration broke the law in withholding congressionally approved aid to Ukraine. Biden relied on a bipartisan coalition to pass a $95 billion foreign aid package for Ukraine, Israel, and Taiwan. That said, while Biden will need bipartisan support to keep the government funded in September, he likely will not ask for more Ukraine aid anytime soon
Persons: , Joe Biden, Sen, Tom Cotton, Trump, it's, Biden, Benjamin Netanyahu, Cotton, Trump's, Joe, Li, e ach the, ena, tod, lea, Tim, Joh Organizations: Service, Arkansas Republican, Democrats, Business, Hamas, Congress, Israel, kr, unm, acc Locations: Israel, Arkansas, Ukraine, Rafah, Gaza's, goa, pau
Donald Trump spent his day off from court at a supporters' dinner at Mar-a-Lago, Axios reported. The former president hosted fans who'd bought NFTs from his "Mugshot Edition" collection. Footage from the event showed Trump claiming that Joe Biden "has no idea" what crypto is. The mugshot NFTs cost $99 apiece. AdvertisementIn one post on X, the former president is seen saying: "Can we donate to the Trump campaign using crypto?
Persons: Donald Trump, Axios, who'd, Joe Biden, , Daniels, Joe, Trump, Crypto, Frank Degods, Biden, Gary, Gensler, you'd Organizations: Mar, Trump, Service, Biden, Securities, Exchange, SEC, cryptocurrencies
Hospitals are overstretched as Palestinians die in Israeli attacks on the suburbs and tens of thousands of people have already fled. For Netanyahu, the eradication of the group that carried out the October 7 attacks may be a matter of political survival. • Can Israel — as Netanyahu vows — go ahead alone in an operation even the US has disowned? • How would a full-scale offensive in Rafah further hamper already faltering attempts to secure a ceasefire between Israel and Hamas? Initially, Biden’s warning, delivered in an interview with CNN’s Erin Burnett in the swing state of Wisconsin on Wednesday, looks like a case of political whiplash.
Persons: Joe Biden’s, , Reagan, Benjamin Netanyahu, , Biden, Donald Trump, Netanyahu, Will Biden’s, Israel —, pummel, he’s, Erin Burnett, CNN Alon Pinkas, CNN’s Becky Anderson, ” Pinkas, CNN’s Erin Burnett, Joe ”, Israel’s, Gilad Erdan, Yoav Gallant, , dissing Biden, Mike Johnson, ” Trump, Trump, Bill Clinton, Barack Obama, Ronald Reagan’s, Massachusetts Sen, Elizabeth Warren Organizations: Washington CNN, CNN, Israeli, Gaza Health Ministry, United Nations, Democratic, Republicans, Trump, voters, Republican, House, Hamas, Party, GOP, CNBC Locations: Israel, Rafah, Washington, Gaza, Rafah —, New York, Wisconsin, United States, Europe, Michigan, Chicago, Vietnam, Iran, Damascus, Lebanon, Massachusetts
The Major Supreme Court Cases of 2024No Supreme Court term in recent memory has featured so many cases with the potential to transform American society. In 2015, the Supreme Court limited the sweep of the statute at issue in the case, the Sarbanes-Oxley Act of 2002. In 2023, the Supreme Court temporarily blocked efforts to severely curb access to the pill, mifepristone, as an appeal moved forward. A series of Supreme Court decisions say that making race the predominant factor in drawing voting districts violates the Constitution. The difference matters because the Supreme Court has said that only racial gerrymandering may be challenged in federal court under the Constitution.
Persons: Donald J, Trump, Anderson, Sotomayor Jackson Kagan, Roberts Kavanaugh Barrett Gorsuch Alito Thomas, Salmon, , , Mr, Nixon, Richard M, privilege.But, Fitzgerald, Vance, John G, Roberts, Fischer, Ruth Bader Ginsburg, Clarence Thomas, Samuel A, Alito Jr, Alito, , Moyle, Wade, Roe, Johnson, Robinson, Moody, Paxton, Robins, Media Murthy, Sullivan, Murthy, Biden, Harrington, Sackler, Alexander, Jan, Raimondo, ” Paul D, Clement, Dodd, Frank, Homer, Cargill Organizations: Harvard, Stanford, University of Texas, Trump, Liberal, Sotomayor Jackson Kagan Conservative, Colorado, Former, Trump v . United, United, Sarbanes, Oxley, U.S, Capitol, Drug Administration, Alliance, Hippocratic, Jackson, Health, Supreme, Labor, New York, Homeless, Miami Herald, Media, Biden, National Rifle Association, Rifle Association of America, New York State, Purdue Pharma, . South Carolina State Conference of, Federal, Loper Bright Enterprises, . Department of Commerce, Chevron, Natural Resources Defense, , SCOTUSPoll, Consumer Financial, Community Financial Services Association of America, Securities, Exchange Commission, Exchange, Occupational Safety, Commission, Lucia v . Securities, Federal Trade Commission, Internal Revenue Service, Environmental Protection Agency, Social Security Administration, National Labor Relations Board, Air Pollution Ohio, Environmental, Guns Garland, Alcohol, Tobacco, Firearms, Explosives, National Firearms, Gun Control Locations: Colorado, Trump v . United States, United States, Nixon, Florida, Gulf of Mexico, Dobbs v, Idaho, Roe, Texas, States, New, New York, Grants, Oregon, . California, Martin v, Boise, Boise , Idaho, Missouri, Parkland, Fla, Murthy v . Missouri, . Missouri, ., South Carolina, Alabama, SCOTUSPoll, Lucia v, Western
To understand what is happening now in the Middle East, it may be helpful to remember the dead cat. That was a favorite metaphor for Secretary of State James A. Baker III as he shuttled around the region in 1991 trying to negotiate a complicated deal. The question three decades later is whether today’s players are at that stage of the U.S.-brokered effort to negotiate a cease-fire in Gaza. Mr. Netanyahu in recent days mounted airstrikes and sent tanks into Rafah in a saber-rattling move to make clear he is serious about invading the southern Gaza city. “Part of the motivation is less to reach a deal and more to blame the other guy if it fails.
Persons: State James A, Baker III, Baker, Benjamin Netanyahu, Israel, Netanyahu, Biden, , Aaron David Miller, Baker’s Organizations: State Locations: U.S, Gaza, Rafah, Israel
Contract negotiations between Boeing and a union representing firefighters at some of the company’s commercial plane factories broke down last week. On Thursday, President Biden called on both sides to return to the negotiating table. The company locked out about 125 workers represented by a chapter of the International Association of Firefighters union on Saturday after failing to reach an agreement on a new contract, said Casey Yeager, the president of the union chapter, I-66. The previous contract expired on March 1, but the firefighters, who work at Boeing’s plants in the Seattle area, continued to work under its provisions. The talks, conducted with the help of a federal mediator, stalled after the firefighters rejected what the company had said was its final offer.
Persons: Biden, Casey Yeager, Yeager, , Organizations: Boeing, International Association of Firefighters Locations: Seattle
RFK Jr. said in a 2012 divorce deposition that doctors found a dead worm in his brain. "I offer to eat 5 more brain worms and still beat President Trump and President Biden in a debate," he said. Kennedy said on Wednesday that he's confident of winning a presidential debate even if he were to eat a couple more of those "brain worms." "I offer to eat 5 more brain worms and still beat President Trump and President Biden in a debate," Kennedy wrote in a post on X. Kennedy claimed that doctors found a dead worm in his brain during his divorce deposition in 2012, per The Times.
Persons: Trump, Biden, , Robert F, Kennedy Jr, Kennedy, Kennedy's, Stefanie Spear, Mr, Joe Biden, Donald Trump, Spear, Bill Ackman, Jack Dorsey, He's, Nicole Shanahan, Sergey Brin, Kennedy didn't Organizations: RFK Jr, Service, The New York Times, Times, BI, , Biden, Trump, White Locations: Africa, South America, Asia
A federal appeals court on Thursday rejected a request by Hunter Biden to toss the pending criminal gun case against him, saying that his appeal was premature. The ruling clears the way for Hunter Biden's trial in the case to start on June 3 in U.S. District Court in Delaware. Biden is the son of President Joe Biden. The appeals panel, whose decision was unanimous, did not rule on the merits of Biden's arguments that the indictment should be dismissed. If Biden is convicted at trial, he could renew the arguments for dismissal with the same appeals court that it declined to consider in its order Thursday.
Persons: Hunter Biden, Joe Biden, Hunter Biden's, Biden, Abbe Lowell, Lowell, Maryellen Noreika Organizations: Republican, O'Neill, 3rd Circuit U.S, Circuit, Supreme, U.S, District, Republicans Locations: Washington , U.S, U.S, Delaware, Congress
President Biden’s warning over halting weapons supplies has tightened the bind that Prime Minister Benjamin Netanyahu of Israel faces, as he is increasingly caught between international calls for a cease-fire and right-wing Israeli demands to proceed with a wide-scale invasion of Rafah, in southern Gaza. Mr. Netanyahu, who has insisted over American objections that invading Rafah is necessary, now finds the U.S.-Israel relationship at a moment of crisis that could affect how he conducts the next phase of the war against Hamas. On Thursday, the Israeli leader, alluding to Mr. Biden’s remarks, said in a statement: “If we need to stand alone, we will stand alone. I have said that, if necessary, we will fight with our fingernails. “If we lose the United States with the unbelievable friendship of President Biden, it won’t be forgiven,” he added.
Persons: Biden’s, Benjamin Netanyahu, Israel, Netanyahu, God’s, Biden, , Amos Gilead Organizations: Hamas, United, United Nations Locations: Rafah, Gaza, U.S, Israel, United States
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As President Biden considers sweeping changes to the American asylum system, his administration took smaller steps this week to try to control the system’s notorious backlogs. On Thursday, the administration proposed a rule change that would allow officers to quickly identify people who are ineligible for asylum, such as those who have been convicted of serious crimes. The goal of the proposal, which must go through a 30-day public comment period, is to remove ineligible people from the United States soon after they cross the border, rather than allowing them to wait months, or often years, for asylum proceedings. Also Thursday, the U.S. Citizenship and Immigration Services issued a new policy instructing asylum officers to consider whether applicants could find refuge in their own countries before coming to the United States.
Persons: Biden Organizations: U.S . Citizenship, Immigration Services Locations: United States, U.S
The comment from Biden to CNN is a major setback for Israel’s war. The US is by far Israel’s most important and most powerful ally, and without its support, Israel’s firepower and ambitions in Gaza would be weakened. Despite mounting international pressure, the Biden administration has stood firmly with Israel, delivering weapons and other forms of support. Biden comments have sparked significant anger among some Israeli politicians. Other top Israeli officials also criticized Ben Gvir.
Persons: Joe Biden’s, Biden, CNN’s Erin Burnett, Gilad Erdan, Benjamin Netanyahu, , Netanyahu, Miki Zohar, Itamar Ben Gvir, Hamas ❤️ Biden, Isaac Herzog, Ben Gvir, Yair Lapid, Merav Michaeli, “ Netanyahu Organizations: CNN, United Nations, Likud, Twitter, National Security, Hamas, Yesh, IDF, Israeli Labor Party Locations: United States, Israel, Rafah, Gaza, State
They’re studying his interviews, bracing for mass deportations and preparing policy proposals to bring to the negotiating table. As Mexico heads toward its presidential election next month, government officials and campaign aides are also girding for a different vote: one in the United States that could return Donald Trump to the presidency. The last time Mr. Trump took office, his win surprised many of America’s allies, and his threat-filled diplomacy forced them to adapt on the go. Now, they have time to anticipate how Mr. Trump’s victory would transform relations that President Biden has tried to normalize — and they’re furiously preparing for an upheaval. For some, the memory of negotiating with Mr. Trump the last time he was in office, when he used extreme threats against Mexico, looms large.
Persons: They’re, Donald Trump, Trump, Trump’s, Biden, they’re Organizations: Mr Locations: Mexico, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Speaker Mike Johnson on ouster vote: We can't afford to play petty politics hereHouse Speaker Mike Johnson joins 'Squawk Box' to discuss the Republican-led ouster vote against him, working with Democrats in the House, President Biden's threat to halt arms to Israel, rise of antisemitism on college campuses, and more.
Persons: Mike Johnson, Biden's Organizations: Email, Republican Locations: Israel
On Today’s Episode:Biden Says the U.S. Will Not Supply Israel With Weapons to Attack Rafah, by Erica L. GreenWith a Gaza Cease-Fire in the Balance, Netanyahu Maneuvers to Keep Power, by Steven ErlangerStormy Daniels Returns to the Stand, by Matthew HaagJohnson Survives Greene’s Ouster Attempt as Democrats Join G.O.P. to Kill It, by Catie Edmondson, Carl Hulse and Kayla Guo
Persons: Biden, Erica L, Netanyahu, Steven Erlanger Stormy Daniels, Matthew Haag Johnson, Catie Edmondson, Carl Hulse, Kayla Guo Organizations: Will, Weapons, G.O.P Locations: U.S, Gaza
Here’s what we know when it comes to the antiwar protests on college campuses and electoral politics: President Biden does seem to have a problem with young activists on the left. But whether or not he has a larger problem with young voters in general remains to be seen. Which is why one statement from a more mainstream group, saying the administration is on a “mistaken route,” is worth considering. The College Democrats of America. Which means, they’re the young people who would seem most likely to support Mr. Biden.
Persons: Biden, That’s, Mr Organizations: The College Democrats of America, Democratic National Convention
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