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☆ 4 economic reports the market cares about most next week, including a fresh look at inflation
▼ + stars: | 2024-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.

Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States

☆ The 'special relationship' under pressure: Are Biden and Netanyahu on a collision course over Gaza?
▼ + stars: | 2024-03-08 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

US President Joe Biden (L) and Prime Minister Benjamin Netanyahu (R) meet in Tel Aviv, Israel on October 18, 2023. "The relationship [between Biden and Netanyahu] is absolutely terrible." A report by Politico in early February cited unnamed Biden administration officials describing the president calling Netanyahu a "bad f—ng guy." Israeli war cabinet member Benny Gantz (L) meets US Senate Majority Leader Chuck Schumer, Democrat of New York, at the US Capitol on March 05, 2024. Gantz reportedly faced a barrage of harsh questions and critiques from the administration over Israel's handling of the Gaza war.

Persons: Joe Biden, Benjamin Netanyahu, Biden, Israel's, Yasser Qudih, Netanyahu, Hussein Ibish, Benny Gantz, Chuck Schumer, Roberto Schmidt, Axios, Gantz, Donald Trump, Kamala Harris, Mostafa Bassim, Nimrod Novik, Novik, Ashraf Amra, I've, Ibish, Yonatan Freeman, Israel, Freeman Organizations: GPO, Getty Images, Anadolu Agency, Getty, White, Israeli, Biden, Palestinian, United Nations, Israel, Anadolu, West Bank, U.S, Gulf States Institute, CNBC, Politico, Capitol, AFP, Prime, Islamic Center of Detroit, Defense, Israel Policy Forum, Bank, Israel's Hebrew University, Christian Locations: Tel Aviv, Israel, Anadolu, Gaza, Rafah, Gaza's, Washington, New York, Michigan, United States, Palestinian, Gaza City, Jerusalem, U.S, Saudi Arabia

☆ Biden faces anger from key Arab-American voters in Michigan primary over Israel support in Gaza war
▼ + stars: | 2024-02-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Michigan's Arab-American community voted overwhelmingly for Biden in 2020, helping him carry the state and defeat then-incumbent Donald Trump. U.S. President Joe Biden is welcomed by Israeli Prime Minster Benjamin Netanyahu, as he visits Israel amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. Evelyn Hockstein | Reuters"The U.S. election for President Biden could swing on two or three states," Fred Kempe, CEO of the Atlantic Council, told CNBC. "Take one of those states, Michigan, [which] Biden won by fewer votes in the last election than there are Arab American votes that could go against him, because of what's going on in the Middle East. Pro-Palestinian demonstrators march during a visit by President Joe Biden in Warren, Mich., Feb. 1, 2024.

Persons: Mostafa Bassim, Biden's, Julie Chavez Rodriguez, Ahmad Hasaballah, Rodriguez, Abdullah H, Hammoud, Biden, Donald Trump, Joe Biden, Benjamin Netanyahu, Evelyn Hockstein, Fred Kempe, it's, Jon, Paul Sancya, Gretchen Whitmer, Abdulqader Organizations: Islamic Center of Detroit, Anadolu, Getty, Michigan's Democratic, Israel, Palestinian, Hamas, United Nations, Dearborn, White, CNBC, Democratic, Israeli, Reuters, Atlantic Council, U.S, The New York Times, Michigan, Trump, Israeli Forces Locations: Michigan, United States, Warren , Michigan, Gaza, Dearborn, U.S, Rafah, Dearborn , Michigan, Arab, American, Israel, Tel Aviv, Warren, Mich, Khan Yunis

BEIRUT (AP) — The U.S. military has launched strikes on dozens of sites manned by Iran-backed fighters in western Iraq and eastern Syria in retaliation for a drone strike in Jordan in late January that killed three U.S. service members and wounded dozens. A deadly strike on the desert outpost known as Tower 22 in Jordan near the Syrian border further increased tensions. The Euphrates River cuts through Syria into Iraq, with U.S. troops and American-backed Kurdish-led fighters on the east bank and Iran-backed fighters and Syrian government forces to the west. He said the strikes also hit an area inside the town of Mayadeen known as “the security quarter.”Iraqi government spokesperson Bassim al-Awadi said the border strikes killed 16 people and caused “significant damage” to homes and private properties. There have been no new attacks by the Houthis since the U.S. strikes in Iraq and Syria.

Persons: Guard’s, Ali, Ein Ali, Deir, Rami Abdurrahman, Omar Abu Layla, Bassim, Awadi, PMF Organizations: Hamas, U.S, Guard’s Quds Force, Human Rights, Popular Mobilization Force, Houthis Locations: BEIRUT, Iran, Iraq, Syria, Jordan, Israel, U.S, Tehran, Deir el, Hassakeh, American, Kurdish, Syrian, Iranian, Guard’s Quds, Boukamal, Quriya, Mayadeen, Britain, Europe, IRAN, Washington, Gaza, Iraqi, Irbil, Yemen

Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, said that 23 people, all rank-and-file fighters, were killed. The air assault was the opening salvo of U.S. retaliation for a drone strike that killed three U.S. troops in Jordan last weekend. The U.S. has blamed that on the Islamic Resistance in Iraq, a coalition of Iranian-backed militias. Iran, meanwhile, has attempted to distance itself from the attack, saying that the militias act independently of its direction. On Friday, the USS Carney shot down a drone over the Gulf of Aden and there were no injuries or damage.

Persons: Hussein, Washington “, ” Mosawi, Rami Abdurrahman, Bassim, Awadi, embassy’s, “, —, Yemen’s, Carney, Dwight D, Abby Sewell, Bassem, Jon Gambrell, Tara Copp Organizations: Iranian Revolutionary Guard, Associated Press, Human Rights, U.S, Population Mobilization Forces, Islamic, Popular Mobilization Forces, Israel, U.S . military’s Central Command, U.S . Navy, Eisenhower Locations: BAGHDAD, United States, Iraq, Syria, Iranian, Baghdad, U.S, Britain, Jordan, Iran, Iraqi, Islamic State, Gaza, Aden, Red, Beirut, Jerusalem, Washington

☆ U.S. and Britain strike Yemen's Houthis in a new wave, retaliating for attacks by Iran-backed militants
▼ + stars: | 2024-02-03 | by ( ) www.cnbc.com time to read: +7 min

Yemen's Houthi followers take part in a tribal parade held against the United States-led aerial attacks launched on sites in Yemen, and solidarity with Palestinians, on January 22, 2024, near Sana'a, Yemen. The Defense Department said the strikes targeted sites associated with the Houthis' deeply buried weapons storage facilities, missile systems and launchers, air defense systems and radars. Saturday's strikes marked the third time the U.S. and Britain had conducted a large joint operation to strike Houthi weapon launchers, radar sites and drones. Iran has tried to distance itself from the drone strike, saying the militias act independently of its direction. Mosawi said the targeted sites in Iraq were mainly "devoid of fighters and military personnel at the time of the attack."

Persons: Yemen's, Dwight D, Lloyd Austin, Eisenhower, Carney, Hope, Bab, Jordan, Hussein, Mosawi, Rami Abdurrahman, Bassim, Awadi Organizations: Iranian Revolutionary Guard, Eisenhower, USS Carney, Associated Press, Defense Department, U.S, Human Rights, Islamic, Iraq, Israel Locations: United States, Yemen, Sana'a, Britain, Iran, Israel, Iraq, Syria, Jordan, U.S, Gulf of Aden, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Washington, Tehran, Sanaa, SABA, al, Gulf, Aden, Africa, Suez, Mandeb, Iranian, Baghdad, Gaza, Iraqi

☆ Moroccans in Earthquake-Hit Tourist Area Grieve Losses, Fret About Future
▼ + stars: | 2023-09-15 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

"The earthquake killed people and destroyed villages on which our tourism activity depends," said Abderrahim Bouchbouk, owner of the nine-room guesthouse that was once run by his grandfather. Tourism offered vital extra earnings for many, with few other work opportunities outside tilling the land on smallholdings. "That was a way for many local farmers to make additional revenue," said Bouchbouk, whose Kasbah La Dame guesthouse employs 14 people. Ahmed Bassim, a tourist guide in the Ouirgane area who has been forced to live in a tent for shelter since the earthquake, said the region was in desperate need of reconstruction. The region, one of Morocco's poorest, lies close to Marrakech, a popular tourist destination with luxurious hotels, fancy shopping centres and a historic souk.

Persons: Ahmed Eljechtimi, Abderrahim Bouchbouk, Mohamed Aznag, Tasa Ouirgane, Ahmed Bassim, Zelmat, Edmund Blair Organizations: Dame, Tourism, World Bank, International Monetary Fund Locations: Ahmed Eljechtimi OUIRGANE VALLEY, Morocco, Tasa, Dar Izergane, Marrakech, souk

☆ Moroccans in earthquake-hit tourist area grieve losses, fret about future
▼ + stars: | 2023-09-15 | by ( Ahmed Eljechtimi | ) www.reuters.com time to read: +3 min

"The earthquake killed people and destroyed villages on which our tourism activity depends," said Abderrahim Bouchbouk, owner of the nine-room guesthouse that was once run by his grandfather. "That was a way for many local farmers to make additional revenue," said Bouchbouk, whose Kasbah La Dame guesthouse employs 14 people. Ahmed Bassim, a tourist guide in the Ouirgane area who has been forced to live in a tent for shelter since the earthquake, said the region was in desperate need of reconstruction. The region, one of Morocco's poorest, lies close to Marrakech, a popular tourist destination with luxurious hotels, fancy shopping centres and a historic souk. Lahcen Zelmat, head of the Morocco's tourism industry federation, said the long-planned event "would be a chance for Morocco to promote Marrakech destination again after the earthquake."

Persons: Abderrahim Bouchbouk, Mohamed Aznag, Tasa Ouirgane, Ahmed Bassim, Zelmat, Edmund Blair Organizations: Dame, REUTERS, Tourism, World Bank, International Monetary Fund, Thomson Locations: VALLEY, Morocco, Tasa, Dar Izergane, Ouirgane, Marrakech, souk

☆ What's in the debt limit bill? Key provisions in the Biden-McCarthy deal to avert default
▼ + stars: | 2023-05-30 | by ( Sahil Kapur | ) www.cnbc.com time to read: +2 min

In fiscal year 2024, it would limit military spending to $886 billion and nonmilitary discretionary spending to $704 billion. McCarthy said the deal was "historic," as it would amount to "cutting spending year-over-year for the first time in over a decade." Factoring in adjustments, the White House projects that when veterans funding is set aside, nondefense spending would barely change — with a slight reduction overall from 2023 to 2024. It would eliminate $1.4 billion in IRS funding and shift about $20 billion to nondefense funds. The bill would overhaul the National Environmental Policy Act to streamline permitting for projects; House Republicans tout it as "the first significant reforms to NEPA since 1982."

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