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☆ Israel targets Hezbollah intelligence headquarters in Lebanon; Iran says it will not back down
▼ + stars: | 2024-10-05 | by ( ) www.cnbc.com time to read: +5 min

Israel has been weighing options in its response to Iran's ballistic missile attack on Tuesday, which Iran had carried out in response to Israel's military action in Lebanon. Hashem Safieddine's fate was unclear and neither Israel nor Hezbollah have offered any comment. Israel says it targets military capabilities and takes steps to mitigate the risk of harm to civilians. The Israeli military said some 70 projectiles were launched from Lebanon into Israeli territory on Friday evening and were either intercepted or fell in open land. Israel sent ground forces into Lebanon this week after the Iranian missiles attacks.

Persons: Israel, Sayyed Hassan Nasrallah, Hashem, Joe Biden, Biden, Benjamin Netanyahu, Donald Trump, Kamala Harris, Stephane Dujarric, Kamel Ahmad Jawad, Matthew Miller, Israel's Organizations: Hezbollah, U.S, White House, Republican, Democratic, Lebanese, U.S . State Department, Washington, . State Department Locations: Iran, Israel, Jerusalem, Beirut, Lebanon, Gaza, Burj, Choueifat district, Haret Hreik, Lebanese, Odaisseh, American, Dearborn , Michigan, U.S, Palestinian

☆ Lawmakers from both parties urge Biden to secure the release of Americans imprisoned in China
▼ + stars: | 2024-10-04 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +4 min

Lawmakers are appealing to President Joe Biden to use the remaining time in his term to work for the release of Americans who are “wrongfully detained” in China, saying U.S. officials need to do more to help secure their freedom. “There are more Americans wrongfully detained in China than in any other country. They deserve tenacious advocacy to gain their release,” said Smith and Merkley, co-chairs of the Congressional-Executive Commission on China. China has denied the allegations and says it has treated detained Americans properly and respected their legal rights. Dui Hua, a rights group that advocates for detainees in China, estimates there are more than 200 Americans “under coercive measures” in China.

Persons: Joe Biden, ”, Chris Smith of, Democratic Sen, Jeff Merkley, Smith, David Lin, Kai Li, Mark Swidan, Hua, Li, Biden, Paul Whelan, Evan Gershkovich, Alsu Kurmasheva, Xi Jinping, “, Li’s, Harrison Li Organizations: ” Republican, Democratic, Congressional, Commission, State Department, White, and State Department Locations: China, Chris Smith of New Jersey, Oregon, Washington, Long Island , New York, Texas, Russia, People’s Republic of China, United States

☆ ‘Golden Bachelorette’ fan favorite Charles Ling had no idea he’s the internet’s current boyfriend
▼ + stars: | 2024-10-04 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

“Golden Bachelorette,” breakout star Charles Ling’s endearing personality had viewers ready to give him the final rose from episode one. But with the season underway, Ling admits he “didn’t see much of the TV show yet” and hadn’t quite seen the internet response. NBC News, in an exclusive interview, even had to recap some of the fan feedback and scenes for him. He’s prompted many fans to flood the internet with comments such as “protect Charles at all costs!” and that “it’s not an episode of the golden bachelorette without Charles making me cry." “You can say, ‘If Charles can do it, so can me,’” he said.

Persons: Charles Ling’s, Ling, “ Bachelorette, he’s, “, ” Ling, Ricky Middlesworth, Disney Ling, Joan Vassos, There’s, it’s, Ling hasn’t, He’s, Charles, Guy Gansert, ”, ‘, ‘ Charles, Sophia, ’ ”, “ Don’t Organizations: NBC Locations: China, Philadelphia, American

A scorching streak in Phoenix has set new daily records for 10 straight days during an October heat wave sweeping much of the West. The forecast calls for this streak of broken records to potentially reach up to 16 days in a row. The current record at a U.S. climate station for the number of consecutive daily record highs is 14 from Burlington, Iowa, recorded during the Dust Bowl in 1936. Dozens more October monthly record highs were set Thursday in states such as Kansas and Nebraska. The National Hurricane Center also continues to watch Hurricane Kirk and Tropical Storm Leslie in the open Atlantic, though neither pose any threat to land.

Persons: Hurricane Helene, Kirk, Tropical Storm Leslie Organizations: National Weather Service, NWS, Southwest, Rockies, National Hurricane Center, Daytona, West Palm Beach, Tropical, Hurricane Iota Locations: Phoenix, U.S, Burlington , Iowa, Kansas, Nebraska . California, Hanford, Stockton, Fresno, Plains, Midwest, Gulf, Mexico, Florida, Tampa, Sarasota, Naples, West Palm, Caribbean, Gulf of Mexico, Atlantic

The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles. “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from E.U. Member States for the adoption of tariffs,” the E.U. first announced that it would slap higher tariffs on Chinese electric vehicle imports in June, on the grounds that they benefit “heavily from unfair subsidies” and pose a “threat of economic injury” to electric vehicle producers in Europe. to start investigations of potential tariffs, Germany has advocated against them, raising concerns about consequences for its own struggling carmakers.

Persons: Peter Szijjarto Organizations: Union, E.U, European, China’s Ministry of Commerce, Reuters, European Commission Locations: China, “, States, Europe, Beijing, E.U, France, Germany, Hungarian

Outside of the ABC27 news station where Casey and McCormick debated, a slew of people aligned with Casey’s campaign held signs calling McCormick an out-of-state candidate. McCormick attempted to deflect the line of attack on the debate stage by arguing Casey has little show for his long career in public office. “When you don’t have a record to run on, which Senator Casey does not, you attack your opponent,” McCormick shot back. When Vice President Kamala Harris replaced Biden as the Democratic nominee, McCormick said Casey quickly changed his tune. “Senator Casey said, ‘Kamala Harris is great!’” McCormick said.

Persons: Democratic Sen, Bob Casey, Dave McCormick, Casey, McCormick, who’s, ”, ” Casey, “, ” McCormick, Mehmet Oz, “ I’m, John Fetterman, Oz, ‘, “ He’s, “ Sen, Joe Biden, Kamala Harris, Biden, ‘ Kamala Harris, ’ ” McCormick, “ we’ll, Harris, …, it’s, Donald Trump, Trump, Barack Obama, “ Casey, Roe, Wade, There’s, ’, “ We’ve, he’s, Daniel Dolan, ” Dolan Organizations: Democratic, Republican, Bridgewater Associates, Senate, White, Trump, NBC, Democratic Senators, Casey, Patrol, Harrisburg Community College Locations: HARRISBURG, Pa, Washington, Pennsylvania, Connecticut, Pittsburgh, Bloomsburg , Pennsylvania, New Jersey, China, New York, Ukraine, Iran, U.S, Israel, Mexico

☆ Britain cedes disputed islands to Mauritius, securing key U.S. military base
▼ + stars: | 2024-10-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

President Joe Biden welcomed the deal, saying it would secure the effective operation of Diego Garcia, a strategically important air base in the Indian Ocean, into the next century. But critics in Britain said it was a capitulation that played into the hands of China, which has close trade ties with Mauritius. Britain, which has controlled the region since 1814, detached the Chagos Islands in 1965 from Mauritius — a former colony that became independent three years later — to create the British Indian Ocean Territory. The new agreement said Mauritius would be free to implement a program of resettlement on the islands other than Diego Garcia, with the terms left for Port Louis to decide. David Blagden, associate professor of international security and strategy at Britain’s University of Exeter, said the deal was a “big win” for Mauritius.

Persons: Diego Garcia, Joe Biden, David Lammy, “, ” Lammy, Biden, ”, Diego Garcia’s, Port Louis, Pravind Jugnauth, Olivier Bancoult, ” “, Keir Starmer, Tom Tugendhat, Britain’s, ” Robert Jenrick, Matthew Miller, ” Miller, David Blagden, ‘ Organizations: British, Mauritius —, United Nations General Assembly, Diego, Port, Refugees Group, Facebook, Labour Party won, Conservative Party, Conservative, State, Britain’s University of Exeter, Port Louis Locations: Mauritius, Britain, China, Africa, Iraq, Afghanistan, United States, Ocean, Seychelles, Mauritian, Beijing

☆ What it’s like onboard the COMAC C919 plane, China’s answer to Boeing and Airbus
▼ + stars: | 2024-10-04 | by ( Steven Jiang | ) edition.cnn.com time to read: +7 min

The C919 is China’s first homegrown mainline passenger plane, manufactured by the Shanghai-based state-owned Commercial Aircraft Corporation of China (COMAC). Steven Jiang/CNNI was happy to hear the flight attendant highlight the aircraft type in his pre-takeoff briefing. “Today you’re flying with Air China C919 aircraft, which is the first large airliner independently developed by China,” he said, as the jet taxied to the runway. Air China serves hot meals in economy during meal hours even for short-haul flights (today’s flying time: 1 hour 40 minutes). As far as my passenger expectation goes, this C919 flight has earned a solid B in terms of safety and comfort.

Persons: Beijing CNN —, I’ve, Steven Jiang, CNN Long, ”, deplaning, don’t, COMAC Organizations: Beijing CNN, Boeing, Airbus, Air, Commercial Aircraft Corporation of China, China Eastern Airlines, CNN, International, Air China, Air China C919, China, Hongqiao Locations: Beijing, Air China, Shanghai, Europe, China, Southeast Asia, Africa

☆ Beijing is trying to put a 'floor' on the economy with its stimulus measures: China Beige Book CEO
▼ + stars: | 2024-10-04 | 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 EmailBeijing is trying to put a 'floor' on the economy with its stimulus measures: China Beige Book CEOLeland Miller, China Beige Book CEO, joins 'Squawk Box' to discuss the state of China's economy, impact of Beijing's stimulus package, and more.

Persons: Leland Miller Organizations: Beijing Locations: China

☆ EU countries are split on China EV tariffs: Hinrich Foundation
▼ + stars: | 2024-10-04 | 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 EmailEU countries are split on China EV tariffs: Hinrich FoundationDeborah Elms, head of trade policy at the Hinrich Foundation, discusses divisions in the EU over the second round of voting on tariffs for Chinese electric vehicle imports.

Persons: Hinrich, Deborah Elms Organizations: EU, Foundation Locations: China, EU

☆ Russia can rely on China for the yuan, but China can't rely on anyone else
▼ + stars: | 2024-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China's financial system is deeply tied to the greenback, limiting diversification options. These include the entrenched role of the greenback in the global commodities trade and much larger foreign reserves than Russia, wrote Greene, a former senior advisor at the US Treasury. However, many CIPS participants are highly connected to the dollar financial system and potentially subject to the reach of US sanctions. The dollar is still kingIn short, China just can't copy Russia's sanctions-proofing playbook and is likely to continue orbiting around the dollar financial system in the near-term.

Persons: —, China —, Robert Greene, Greene, China's, It's, dollarization, James Lord, Morgan Stanley's, Michael Zezas Organizations: Service, Carnegie Endowment Asia, US Treasury, Patomak Global Partners, Federal Reserve Bank of Boston Locations: Russia, China, Beijing, Russia's, Ukraine

☆ Why oil prices haven't skyrocketed on Middle East supply fears — yet
▼ + stars: | 2024-10-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Iran, which is a member of OPEC, is a major player in the global oil market. It's estimated that as much as 4% of global supply could be at risk if Israel targets Iran's oil facilities. For some analysts, the reason crude prices have yet to move even higher is because the oil market is short. watch nowTamas Varga, an analyst at oil broker PVM, told CNBC via email on Thursday that the oil market was pricing in some risk premium given the geopolitical concerns. These fears, however, will be greatly alleviated in [the] coming days unless oil supply from the region or traffic through the Strait of Hormuz are materially impacted," he added.

Persons: Fatemeh, Goldman Sachs, SEB, Jeff Currie, Carlyle, CNBC's, it's, Currie, we've, Amrita Sen, We've, Sen, Joe Biden, Biden, Tamas Varga, " Varga, Benjamin Netanyahu, Masoud Pezeshkian Organizations: Anadolu, Getty, Energy, OPEC, Brent, U.S, West Texas, CNBC, White House, Islamic Revolutionary Guard Corps, Persian, Nurphoto Locations: Isfahan Refinery, Iran, Isfahan, Israel, Swedish, backwardation, bearishness, U.S, Hormuz, Oman, Tehran, Qatar, Persian, Bushehr, Bushehr province

☆ Google Search's new AI makeover is the latest change the rest of the internet needs to navigate
▼ + stars: | 2024-10-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, Google Search is going to look a whole lot different thanks to generative AI . According to Rhiannon Bell, the vice president of user experience for Google Search, it's a "pretty dramatic shift from where we were before." AdvertisementAnd yes, in case you were wondering if it was coming, Google is going to start putting ads in its AI Search results — but only when Google deems them relevant. Google's new AI-organized search results GoogleSearch's revamp addresses a big concern for the rest of the internet. One survey conducted earlier this year found 60% of people who used Google's AI search found it more effective than non-AI powered Search.

Persons: —, Morgan Stanley, Tyler Le, Hugh Langley, Tech's, Hugh, Rhiannon Bell, Gen, Jenny Chang, Rodriguez, Ned Davis, Kalshi, Andy Jassy F, Carter Smith, Chelsea Jia Feng, Andy Jassy, Marc Andreessen, he's, Alyssa Powell, dockworkers, hasn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Costco, Tech, Google, Getty, Ned, Ned Davis Research, CFTC, Bloomberg, Getty Images, Amazon, LinkedIn, YouTube, EU . US Department of Labor Locations: China, San Francisco, EU, New York, London

☆ A less-expensive iPhone that still has AI features could help Apple out in China
▼ + stars: | 2024-10-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple plans to release a new iPhone SE in early 2025, Bloomberg reported. An Emarketer analyst said a cheaper AI iPhone could boost sales in Greater China. The new iPhone SE will reportedly feature an edge-to-edge screen design similar to the iPhone 14. The current iPhone SE costs $429; it's also smaller than these newer models. Related storiesStill, Gene Munster, managing partner at Deepwater Asset Management, called China Apple's "big unanswered question when it comes to Apple Intelligence."

Persons: —, it's, Mark Gurman, Jacob Bourne, Emarketer, Gene Munster, Munster Organizations: Bloomberg, Service, Apple Intelligence, Apple, Huawei, Pura, Deepwater Asset Management Locations: Greater China, China

☆ Market Navigator: How to find opportunity in global markets
▼ + stars: | 2024-10-04 | 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 EmailMarket Navigator: How to find opportunity in global marketsBrian Stutland of Equity Armor Investments joins CNBC's 'Power Lunch' to discuss where to find opportunities in China and beyond.

Persons: Stutland Organizations: Equity, Investments Locations: China

☆ China stimulus impact is positive for regional funds in Europe and China, says strategist
▼ + stars: | 2024-10-04 | 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 EmailChina stimulus impact is positive for regional funds in Europe and China, says strategistKhalil El Adi, equity and derivatives strategist for Europe at BNP Paribas Markets 360, discusses the impact of China's stimulus on European funds.

Persons: Khalil El Adi Organizations: BNP Locations: Europe, China

☆ Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: +2 min

The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations as it awaits U.K. regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said, during which an IPO-bound company fields large investors' questions and tests their investment appetite. Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year, Reuters reported in June, citing sources. Shein's preparations for a potential London listing marks a shift from its long-running U.S. IPO plan, which has run into obstacles at home and abroad, Reuters has reported.

Persons: Shein confidentially Organizations: Reuters, Financial, Authority Locations: Guangzhou, China's Guangdong province, Shein, China, Europe, Singapore, York

☆ India market to underperform near term, quality growth in the long run
▼ + stars: | 2024-10-04 | 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 EmailMacquarie Capital: India market to underperform near term, but quality growth in the long runAditya Suresh of Macquarie Capital breaks down the Indian Market outlook and compares growth with China markets.

Persons: Aditya Suresh Organizations: Macquarie, Macquarie Capital Locations: India, China

SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. China stocks will keep rising after markets in the mainland reopen following the Golden Week break, analysts predicted. Beijing's announcements of economic support last week have fueled China's CSI 300 blue-chip index to rally over 25% in a nine-day winning streak. Then, Hong Kong stocks dropped on Thursday, ending a 6-day winning streak and sparking fears that China's stimulus rally could have started to fizzle out. Beijing's recent stimulus blitz coupled with higher participation from retail investors will likely fuel a longer rally, he said.

Persons: Eugene Hsiao, Shehzad Qazi, Qazi, Shaun Rein, it's, Rein, Ting Lu Organizations: Financial, CSI, of China Equity, Macquarie Capital, China Market Research Locations: SHANGHAI, CHINA, Shanghai, China, Hong Kong

☆ Japan has made the world’s smallest Rubik’s Cube. And it actually works
▼ + stars: | 2024-10-04 | by ( Chris Lau | Nodoka Katsura | ) edition.cnn.com time to read: +2 min

Tokyo CNN —Japanese toymaker MegaHouse has unveiled a miniature Rubik’s Cube — one so tiny that you might need a pair of tweezers to solve it. Each face of the cube, which is made from aluminum, measures about five millimeters (around 0.2 inches) across. “The 5-milimeter Rubik’s Cube is the result of the trinity of machines, cutting tools, and players’ passion,” said Kiyokazu Saito, president of Iriso Precision, the company brought in for the precision cutting, in a promotional video on the toymaker’s website. Guinness World Record confirmed the micro-cube as the world’s smallest rotating puzzle cube in August. The miniature cube in comparison to a standard one.

Persons: MegaHouse, “, ”, Kiyokazu Saito, Tony Fisher, Ernő Rubik, Max Park, Wang Yiheng, Luke Garrett, Aaron Huynh, China’s Du Yusheng Organizations: Tokyo CNN, Iriso, CNN, Guinness Locations: British, Long Beach , California, China

☆ China's stimulus measures are big, but temporary, macro policy researcher says
▼ + stars: | 2024-10-04 | 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 EmailChina's stimulus measures are big, but temporary, macro policy researcher saysElliot Hentov, head of macro policy research at State Street Global Advisors, discusses the outlook for the Chinese economy.

Persons: Elliot Hentov Organizations: Street Global Advisors

☆ China has unabashed momentum and it's very, very bullish, says Renaissance Macro's Jeff deGraaf
▼ + stars: | 2024-10-04 | 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 EmailChina has unabashed momentum and it's very, very bullish, says Renaissance Macro's Jeff deGraafJeff deGraaf, Renaissance Macro chairman and head of technical research, joins 'Closing Bell' to discuss deGraaf's recent note on China, why the rally in Chinese stocks may just be getting started, and much more.

Persons: Jeff deGraaf Jeff deGraaf Organizations: China Locations: China

☆ The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers
▼ + stars: | 2024-10-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Europe is clamping down on Chinese electric cars. European automakers are facing plunging EV sales and pressure over looming emissions targets. AdvertisementEurope is clamping down on Chinese electric cars — but the move to protect the continent's automakers could create a new problem for the likes of Volkswagen and BMW. The European Union voted to impose sweeping tariffs on Chinese EV makers on Friday as it seeks to protect its automotive industry from what the bloc claims are unfairly subsidized cheap Chinese electric vehicles. The European tariffs come after the US introduced its own trade restrictions against Chinese EVs earlier this year.

Persons: —, Teslas, Elon Musk, Tesla, Viktor Orbán, French carmaker Renault, Luca de Meo, Julia Poliscanova Organizations: EU, Service, Volkswagen, BMW, European Union, SAIC, Benz Group, BMW Group, Mercedes, Benz, VW, French, Reuters, Transport, Environment, Transport & Environment, Business Locations: Europe, China, Paris, Germany, Hungary, Frankfurt, Beijing

☆ China play Las Vegas Sands is one of the most overbought names on Wall Street. Here are the others
▼ + stars: | 2024-10-04 | by ( Lisa Kailai Han | Kavitha Shastry | ) www.cnbc.com time to read: +3 min

China stocks have been on an upward tear since then, with the mainland's CSI 300 index rallying over 25% to rise nine days in a row. Shares of Wynn Resorts and Las Vegas Sands have respectively gained nearly 8% and more than 2% this week. Stocks with a 14-day relative strength index reading, or RSI, above 70 are considered to be overbought. The stock has an RSI reading of 82. Fellow China play Wynn Resorts also has a high RSI reading of 86.

Persons: Robin Farley, Vistra, Angie Storozynski, Humana, Stephens, Paul Lejuez, WMT Organizations: People's Bank of China, CSI, Wynn Resorts, CNBC Pro, UBS, China, Seaport Research Partners, Humana, Dollar, Citi, Walmart, omni Locations: China, U.S, Macau

☆ U.S. crude oil has risen nearly 9% this week as traders fear Middle East supply disruption
▼ + stars: | 2024-10-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Just how high prices would go depends on whether OPEC uses its spare oil capacity to plug the gap, Struyven said. Here are today's energy prices:Though oil prices have surged this week on geopolitical tensions, they have risen from a low baseline. "The risk to the oil price outlook are definitely significant," Struyven told CNBC's "Squawk Box Asia" Friday. The oil market had largely ignored the escalating war in the Middle East until Iran launched nearly 200 ballistic missiles at Israel on Tuesday. The risk premium has been modest because there haven't been sustained supply disruptions over the past two years despite high geopolitical tensions, Struyven said.

Persons: Joe Biden, Daan Struyven, Goldman Sachs, Struyven, CNBC's, Brent, haven't Organizations: OPEC Locations: Israel, Israeli, China, East, Iran

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