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Secretary of State Antony J. Blinken sought to reassure Ukrainians on Tuesday that they could weather an ominous new Russian military offensive and count on long-term support from the United States and its European allies. “You are not alone,” Mr. Blinken declared in remarks in the capital city, Kyiv, where he arrived by train on Tuesday morning for an unannounced visit at what he called “a critical moment” for Ukraine’s future as Russia makes fresh military gains around the northeastern city of Kharkiv. It is Mr. Blinken’s fourth trip to Kyiv since Russia launched a full-scale invasion of Ukraine in February 2022, and the first by a senior U.S. official since President Biden signed a $60.8 billion aid package approved by Congress three weeks ago after months of infighting among House Republicans. Mr. Blinken’s trip was planned before the Russian offensive, which has only underscored the importance of the American support that he came to highlight.
Persons: Antony J, Blinken, , ” Mr, Blinken’s, Biden Organizations: Congress, House Republicans Locations: United States, Kyiv, Russia, Kharkiv, Ukraine, U.S
Mr. Biden and Mr. Blinken had warned for months that Congress’s delay in approving critically needed U.S. arms would leave Ukraine’s military vulnerable along an eastern battlefront that has been stalemated for months. The U.S. official declined to draw a direct connection between the delayed aid and Russia’s gains near the city of Kharkiv. Mr. Blinken plans to meet with Ukraine’s president, Volodymyr Zelensky, and other top officials. Mr. Blinken is the first senior Biden official to visit Ukraine since the passage of the congressional aid package. The White House national security adviser, Jake Sullivan, met with Mr. Zelensky in Kyiv in late March, before the aid passed.
Persons: Biden, Blinken, Volodymyr Zelensky, Blinken’s, Jake Sullivan, Zelensky, Sullivan Organizations: U.S, Biden, White House, The Financial Locations: Kharkiv, Ukraine, Russia, Kyiv,
Biden has said that Israel needs to do far more to protect the lives of civilians in Gaza. "We're going to continue to do what's necessary to ensure that Israel has the means to defend itself," Austin said. "But that said, we are currently reviewing some near-term security assistance shipments in the context of unfolding events in Rafah." A decision against Israel would further add to pressure on Biden to curb the flow of weapons and money to Israel's military. "Over the years, the United States has provided tens of billions of dollars in military aid to Israel.
Persons: Joe Biden, Kevin Lamarque, Biden, Israel, we're, Benjamin Netanyahu's, Ali Jadallah, Lloyd Austin, Austin, Menahem Kahana, Gilad Erdan, Mike Johnson, Mitch McConnell, Sen, Lindsey Graham, Bernie Sanders of, Sanders, Netanyahu, Hatem Khaled, Itamar Yaar Organizations: Gateway Technical College, Reuters, Hamas, CNN, Israel, Anadolu, Getty Images, Biden, White House National Security, Palestinian Hamas, Afp, Getty, United Nations, Congress, Republican, Republicans, Austin, Reuters Privately, The State Department, Israel's National Security Council, Islamic State Locations: Sturtevant , Wisconsin, U.S, Israel, Rafah, Gaza, I'm, Palestinian, Bernie Sanders of Vermont, United States, Egypt
Disney Q2 results on deck: Here's what to expect
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney Q2 results on deck: Here's what to expectJessica Reif Ehrlich, BofA Securities senior U.S. media and entertainment analyst, joins 'Squawk Box' to preview Disney's quarterly earnings results, the company's outlook, streaming landscape at large, Paramount's merger plans, and more.
Persons: Jessica Reif Ehrlich Organizations: BofA Securities
A New Pacific Arsenal to Counter China
  + stars: | 2024-04-26 | by ( John Ismay | Edward Wong | Pablo Robles | ) www.nytimes.com   time to read: +15 min
They call it an encirclement of their nation and say the United States is trying to constrain its main economic and military rival. The United States also has a new security agreement with Papua New Guinea. On Wednesday, Mr. Biden signed a $95-billion supplemental military aid and spending bill that Congress had just passed and that includes $8.1 billion to counter China in the region. In addition, the United States continues to send weapons and Green Beret trainers to Taiwan, a de facto independent island and the biggest flashpoint between the United States and China. A swarm of Chinese militia and Coast Guard vessels chased a Philippine Coast Guard ship in the South China Sea last year.
Persons: Xi Jinping, Biden, Antony J, Blinken, Yuri Gripas, ” Ely Ratner, Xi, ” Kurt Campbell, Joseph Wu, , , Samuel J, Paparo Jr, Mr, Paparo, Carl Vinson, Richard A, Brooks, Trump, Lloyd J, Austin III, Chen Jining, Jes Aznar, David H, Berger, Obama, Tony Mcdonough, United States —, Admiral Paparo, China’s “ revanchist, we’re Organizations: Australian, U.S, Marines, United, Pentagon, Corps, Mr, White House, White, The New York Times, American, Marine, Green, China’s, Liberation Army, Seoul SOUTH, Pacific Command, People’s Liberation Army, Agence France, Nuclear Forces Treaty, Defense, Communist Party, Tokyo Okinawa, U.S . Navy, Coast Guard, Philippine Coast Guard, Marine Corps, Army, Philippines Luzon Partner, Australia Darwin Potential, NATO, Tomahawk Locations: Beijing, United States, Papua New Guinea, Philippines, Japan, Okinawa, Taiwan, Asia, Pacific, U.S, China, Shanghai, South China, South Korea, Guam, Washington, Manila, Taipei, People’s Republic of China, Palau, West Papua, Seoul, Tokyo JAPAN CHINA Taipei TAIWAN Hong Kong, GUAM philippines MALAYSIA INDONESIA JAPAN CHINA TAIWAN, philippines GUAM, INDONESIA Seoul, GUAM philippines, MALAYSIA INDONESIA, Philippine, Moscow, Tokyo, Ryukyu Islands, South, Philippines Luzon, Luzon, Spratly, Australia, Canberra, Singapore, Darwin, Australia’s, . North Carolina, Virginia, Perth, United Kingdom, Navy’s, America
Pentagon officials refused to specify the exact number of long-range systems that have been sent to Ukraine. The Biden administration sent the longer-range ATACMS secretly, to avoid alerting the Russians. President Biden’s decision in February to send more than 100 of the longer-range systems to Ukraine was a major policy shift. But more than two years into Russia’s invasion and occupation of Ukraine, Mr. Biden’s calculus has changed, administration officials said. As Congress spent months considering another aid package for Ukraine, its troops ran out of ammunition and equipment and lost territory to a slow but steady Russian advance.
Persons: Biden, ATACMS, Volodymyr Zelensky, Gen, Oleksandr Syrsky, they’ve, Charles Q, Brown Jr, Biden’s Organizations: Joint Chiefs of Staff, Georgetown University Institute of Politics, Service Locations: Ukraine, Berdiansk, U.S, Dzhankoi, Crimea, Russia
The United States last week secretly shipped a new long-range missile system to Ukraine, and Ukrainian forces immediately used the weapons to attack a Russian military airfield in Crimea last Wednesday and Russian troops in the country’s southeast overnight on Tuesday, according to a senior U.S. official. The United States had previously supplied Ukraine with a version of the Army Tactical Missile Systems — known as ATACMS — armed with wide-spreading cluster munitions that can travel 100 miles. But Ukraine has long coveted the system’s longer-range version, with a range of about 190 miles, which can reach deeper into occupied Ukraine, including Crimea, a hub of Russian air and ground forces, and supply nodes for Moscow’s forces in the country’s southeast. Overnight Tuesday, Ukraine used the longer-range missiles to strike Russian troops in the port city of Berdiansk on the Sea of Azov, the senior U.S. official said, speaking on the condition of anonymity to discuss operational matters.
Organizations: United, Army Tactical Missile Systems, U.S Locations: States, Ukraine, Ukrainian, Russian, Crimea, U.S, United States, Berdiansk, Azov
Do Tanks Have a Place in 21st-Century Warfare?
  + stars: | 2024-04-20 | by ( Lara Jakes | ) www.nytimes.com   time to read: +1 min
The drone combat in Ukraine that is transforming modern warfare has begun taking a deadly toll on one of the most powerful symbols of American military might — the tank — and threatening to rewrite how it will be used in future conflicts. Over the last two months, Russian forces have taken out five of the 31 American-made M1 Abrams tanks that the Pentagon sent to Ukraine last fall, a senior U.S. official said. A vast majority of those are Soviet-era, Russian or Ukrainian-made tanks; only about 140 of those taken out in battle were given to Ukraine by NATO states. And Russia has so far lost more than 2,900 tanks, the Oryx data show, although Ukraine claims that the number exceeds 7,000. German Leopard tanks have also been targeted in Ukraine, with at least 30 having been destroyed, Oryx says.
Persons: Markus Reisner, Abrams, Organizations: Abrams, Pentagon, NATO, Leopard, Hudson Institute Locations: Ukraine, U.S, Austrian, Russia, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's subscriber reporting change doesn't change their growth trajectory: Jessica Reif EhrlichJessica Reif Ehrlich, BofA Securities senior U.S. media and entertainment analyst, joins 'Squawk Box' to break down Netflix's quarterly earnings results, why the company will stop reporting subscriber numbers in 2025, the streaming landscape at large, impact of the company's crackdown on password sharing, and more.
Persons: Jessica Reif Ehrlich Jessica Reif Ehrlich Organizations: BofA Securities
UBS: The Fed will implement its first rate cut in September
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS: The Fed will implement its first rate cut in SeptemberBrian Rose, UBS Global Wealth Management senior U.S. economist, and CNBC's Steve Liesman join 'The Exchange' to discuss the outlook for potential rate cuts, economic data, and more.
Persons: Brian Rose, Steve Liesman Organizations: UBS, UBS Global Wealth Management
In the middle of the last century, as the United States and Russia rapidly amassed thousands of nuclear weapons, China stayed out of the arms race, focusing its energy on growing its economy and broadening its regional influence. Beijing did build hundreds of nuclear weapons during those years, but the nation’s leaders insisted their modest arsenal was merely for self-defense. Since China’s first nuclear weapons test, in 1964, the country has pledged loudly to never go first in a nuclear conflict — no matter what. Now there is increasing unease in Washington about China’s nuclear ambitions. China’s transformation from a small nuclear power into an exponentially larger one is a historic shift, upending the delicate two-peer balance of the world’s nuclear weapons for the entirety of the atomic age.
Organizations: Pentagon Locations: United States, Russia, China, Beijing, Washington
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden described as "unprecedented." The air assault was the first time Iran has directly attacked Israeli territory, senior U.S. military officials told reporters in a call Sunday. The attack was launched from locations in Iran, Iraq, Syria and Yemen, the officials said. More than 100 ballistic missiles were fired at Israel as well as land attack cruise missiles and drones, a senior administration official said.
Persons: Israel, Brent, Joe Biden, Biden, Daniel Hagari, John Kilduff, Netanyahu, Jorge Leon, Leon Organizations: The West Texas Intermediate, May, Nevatim Air Force Base, Israel Defense Forces, Again, Rystad Energy, Sunday, U.S, Islamic Locations: Iran, Israel, Ashkelon, U.S, The, Iraq, Syria, Yemen, Damascus
US Treasury Secretary Janet Yellen (L) shakes hands with China's Vice Premier He Lifeng in the southern Chinese city of Guangzhou, on April 5, 2024. After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems. Beijing also expressed serious concerns about U.S. economic and trade restrictions on China and made a full response to the production capacity issue during the talks, the statement said. The U.S. Treasury official, who spoke on condition of anonymity, said the balanced growth forum was first proposed in February during an economic working group meeting. Yellen also said she had warned Chinese firms faced "significant consequences" if they provided material support to Russia's invasion of Ukraine.
Persons: Janet Yellen, Pedro Pardo, Lifeng, Yellen, Biden, Wendy Cutler Organizations: China's, Afp, Getty, Treasury, U.S . Treasury Locations: Guangzhou, overcapacity, China, U.S, United States, Xinhua, Beijing, Ukraine
The Economic Paradox of the Biden Presidency
  + stars: | 2024-04-06 | by ( Bernhard Warner | ) www.nytimes.com   time to read: +1 min
The paradox is that there is no guarantee that the jobs boom will keep Biden in the White House beyond November, completely scrambling the adage “It’s the economy, stupid” that wins elections. For 39 straight months, employers have added jobs despite many predictions that the United States was destined for a recession. The latest data released Friday overshot analysts’ expectations by a huge margin, with employers adding 303,000 jobs. That takes the tally over the past 12 months to more than 2.8 million hires — and economists expect the upward course to continue. “We do think there’s still room for growth” into next year, Jeremy Schwartz, a senior U.S. economist at Nomura, told DealBook.
Persons: Biden, Port, , Jeremy Schwartz, DealBook Organizations: Labor, Nomura Locations: U.S, White, United States, Ukraine, Gaza, Panama, Red Sea, Port of Baltimore
Senior U.S. diplomat links AUKUS submarine pact to Taiwan
  + stars: | 2024-04-04 | by ( ) www.cnbc.com   time to read: +1 min
U.S. President Joe Biden delivers remarks on Australia, United Kingdom, United States (AUKUS) Partnership as Prime Minister Rishi Sunak of the United Kingdom and Prime Minister Anthony Albanese of Australia participate at Naval Base Point Loma in San Diego, California, United States. 2 diplomat suggested on Wednesday that the AUKUS submarine project between Australia, Britain and the U.S. could help deter any Chinese move against Taiwan. U.S. Deputy Secretary of State Kurt Campbell made a rare linkage between Taiwan and AUKUS, telling Washington's Center for a New American Security think tank that new submarine capabilities would enhance peace and stability, including in the strait that separates China and Taiwan. AUKUS' submarine capabilities "have enormous implications in a variety of scenarios, including in cross-strait circumstances," Campbell said. "I would argue that working closely with other nations, not just diplomatically but in defense avenues, has the consequence of strengthening peace and stability more generally," he added.
Persons: Joe Biden, Rishi Sunak, Anthony Albanese, Kurt Campbell, AUKUS, Campbell Organizations: Naval Base Point, Taiwan, New, New American Security Locations: Australia, United Kingdom, United States, Naval Base Point Loma, San Diego , California, Britain, U.S, Taiwan, China, New American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney wins proxy battle: Here's what's next for the company and CEO Bob IgerJessica Reif Ehrlich, BofA Securities senior U.S. media and entertainment analyst, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, what's next for the company and CEO Bob Iger, the future of streaming, and more.
Persons: Here's, Bob Iger Jessica Reif Ehrlich, Nelson Peltz, what's, Bob Iger Organizations: Disney, BofA Securities
BOSTON (AP) — In a scathing indictment of Microsoft corporate security and transparency, a Biden administration-appointed review board issued a report Tuesday saying “a cascade of errors” by the tech giant let state-backed Chinese cyber operators break into email accounts of senior U.S. officials including Commerce Secretary Gina Raimondo. It concluded that “Microsoft's security culture was inadequate and requires an overhaul" given the company's ubiquity and critical role in the global technology ecosystem. Three think tanks and four foreign government entities, including Britain's National Cyber Security Center, were among those compromised, it said. Separately, the board expressed concern about a separate hack disclosed by the Redmond, Washington, company in January — this one of email accounts including those of an undisclosed number of senior Microsoft executives and an undisclosed number of Microsoft customers and attributed to state-backed Russian hackers. The board lamented “a corporate culture that deprioritized both enterprise security investments and rigorous risk management.”The Chinese hack was initially disclosed in July by Microsoft in a blog post and carried out by a group the company calls Storm-0558.
Persons: Biden, Gina Raimondo, , Nicholas Burns, Alejandro Mayorkas, Redmond, Morgan Stanley Organizations: BOSTON, Microsoft, State Department, Microsoft Exchange, U.S, Cyber Security, Homeland, Storm, Google, Yahoo, Adobe, Dow Chemical Locations: China, Washington, Russian
Mr. Conrad said he met Mr. Issa, Mr. al-Jabari and Mahmoud al-Zahar, another senior Hamas official, about 10 times between 2009 and 2011 in Gaza City. “He was the master of the data on the prisoners,” Mr. Conrad said of Mr. Issa. Mr. Awawdeh, the analyst, called Mr. Issa a man who liked to “remain in the shadows” and who seldom granted interviews to the media. Mr. Issa was born in the Bureij area of central Gaza in 1965, but his family hails from what is now the Ashkelon area in Israel. Rear Adm. Daniel Hagari, a spokesman for the Israeli military, has said that Mr. Issa helped plan the Hamas-led Oct. 7 attack.
Persons: Marwan Issa, Jake Sullivan, Mr, Issa, , Mohammed Deif, Ahmed al, Yahya Sinwar, Salah al, Din, Issa’s, ” Maj, Tamir Hayman, Deif, Sinwar’s, “ There’s, ” Mr, Awawdeh, , ” Michael Milshtein, Qassam, wasn’t, Milshtein, Gerhard Conrad, Conrad, Mahmoud al, , Gilad Shalit, Al Jazeera, Daniel Hagari Organizations: U.S, Hamas, Qassam, Palestinian Authority Locations: Israel, Gaza, Gaza City, Palestine, Bureij, Ashkelon
Nick Oxford | ReutersSenior U.S. lawmakers believe the International Energy Agency has "strayed from its core mission" of safeguarding energy security and has emerged as a "cheerleader" for the green transition. "We would argue that in recent years the IEA has been undermining energy security by discouraging sufficient investment in energy supplies — specifically, oil, natural gas, and coal. Consequently, the IEA must conduct its energy security mission in an objective manner. "It should disturb you that biased parties are exploiting the IEA's forecasts and other products to advocate for policies that undermine energy security." The IEA on Thursday confirmed receipt of the letter to CNBC and stressed that its mandate remains maintaining energy security and accelerating clean energy transitions.
Persons: Nick Oxford, Republican Sen, John Barrasso, Cathy McMorris Rodgers, Fatih Birol Organizations: Midland , Texas U.S, Reuters Senior U.S, International Energy Agency, Republican, U.S ., Energy, Natural Resources, U.S . House, Commerce, IEA, U.S, CNBC, U.S . Congress, Organization of, Petroleum, OPEC, Congress Locations: Midland , Texas, Wyoming, Saudi Arabia
Mr. Issa assumed the role after the assassination of another top commander, Ahmed al-Jabari. Mr. Conrad said he met Mr. Issa, Mr. al-Jabari and Mahmoud al-Zahar, another senior Hamas official, about ten times between 2009 and 2011 in Gaza City. “He was the master of the data on the prisoners,” Mr. Conrad said of Mr. Issa. Mr. Awawdeh, the analyst, called Mr. Issa a man who liked to “remain in the shadows” and who seldom granted interviews to the media. Admiral Hagari has said that Mr. Issa helped plan the Hamas-led Oct. 7 attack.
Persons: Marwan Issa, Jake Sullivan, Mr, Issa, Daniel Hagari, Mohammed Deif, Ahmed al, Yahya Sinwar, Salah al, Din, Issa’s, ” Maj, Tamir Hayman, Deif, Sinwar, “ There’s, ” Mr, Awawdeh, , ” Michael Milshtein, Qassam, wasn’t, Milshtein, Gerhard Conrad, Conrad, Mahmoud al, , Gilad Shalit, Al Jazeera, Hagari Organizations: U.S, Hamas, Qassam, Palestinian Authority Locations: Israel, Gaza, U.S, Gaza City, Palestine, Bureij, Ashkelon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're at the start of a huge AI investment cycle, says BofA's Ohsung KwonThierry Wizman, Macquarie global interest rates & currencies strategist and Ohsung Kwon, Bank of America senior U.S. equity strategist, join 'Closing Bell Overtime' to talk the day's market action.
Persons: BofA's Ohsung Kwon Thierry Wizman, Ohsung Kwon Organizations: Bank of America Locations: Macquarie
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Jill Carey Hall on raising S&P 500 year-end target to 5,400Jill Carey Hall, Bank of America Global Research head of small and mid-cap strategy and senior U.S. equity strategist, joins 'Squawk Box' to discuss the latest market trends, why she has an S&P 500 year-end target of 5,400, where investors can find opportunities, and more.
Persons: Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research
UNITED NATIONS (AP) — The United States is spearheading the first United Nations resolution on artificial intelligence, aimed at ensuring the new technology is “safe, secure and trustworthy” and that all countries, especially those in the developing world, have equal access. Unlike Security Council resolutions, General Assembly resolutions are not legally binding but they are an important barometer of world opinion. The U.S. draft calls on the 193 U.N. member states and others to assist developing countries to access the benefits of digital transformation and safe AI systems. It “emphasizes that human rights and fundamental freedoms must be respected, protected and promoted throughout the life cycle of artificial intelligence systems." She said the resolution “aims to build international consensus on a shared approach to the design, development, deployment and use of AI systems,” particularly to support the 2030 U.N. goals.
Persons: Jake Sullivan, , , Sullivan, Linda Thomas, Greenfield, Joe Biden’s Organizations: UNITED NATIONS, United Nations, U.S . National, General, Associated Press, United States, Lawmakers, European Union, U.S Locations: United States, U.S, European, China
Advocating for foreign clients is legal and U.S. law includes a public disclosure exemption for lawyers. The Paul, Weiss law firm declined to comment on the letter, and Lynch did not respond to Reuters emails. The U.S. Treasury and Commerce departments say DJI supported biometric surveillance and tracking of Muslim Uyghur minorities in China. "It is appalling that former senior U.S. officials use their connections to serve the interests of U.S. adversaries," Risch said. Others argue that stricter FARA rules on disclosure could give authoritarian countries like Russia and China cover for their own stifling of free speech.
Persons: Loretta Lynch, Obama, Lynch, Paul, Weiss, DJI, FARA, Jim Risch, Risch, Jonathan Turley, Turley Organizations: U.S, senior Defense Department, SZ DJI Technology Co, U.S . Department of Justice, Reuters, Department of Defense, China's Communist Party, U.S . Treasury, Commerce, The Defense Department, Pentagon, Justice, Republican, Senate Foreign Relations, American Civil Liberties Union, Justice Department, George Washington University Locations: FARA, U.S, China, WuXi, Russia
Just weeks after Amazon cut hundreds of jobs across its Prime Video and MGM Studios divisions, the advertisements officially arrived on Prime Video on Jan. 29. This gives Amazon first-hand customer data from Prime members it can leverage for advertisers who want to show ads during Prime Video shows. "While still early days, streaming TV advertising continues to grow quickly," Jassy said on the fourth-quarter earnings call. Additionally, the potential audience for Prime Video is huge – the company has said it has more than 200 million Prime subscribers. Prime Video keeps putting out new movies and shows like the popular "Lord of the Rings", "Reacher", "Mr. & Mrs. Smith", and "Citadel".
Persons: There's, Andy Jassy, , Jassy, Brian Olsavsky, Cowen, TD Cowen, Canaves, Smith, Peacock, Jim Cramer's, Jim Cramer, Jim Organizations: MGM Studios, Netflix, Disney, Amazon, Amazon Web Services, Walmart, Kroger, Insider Intelligence, Prime, Paramount Global, Walmart –, TV, U.S, Intelligence, National Football League, Football, Nielsen, QR, NFL, Comcast, Miami Dolphins, Kansas City Chiefs, Chiefs, San Francisco 49ers, Super, Paramount, CNBC
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