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☆ Oil set for first weekly drop in three as Mideast situation holds
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +2 min

In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand. Both contracts are on track to post their first weekly drop in three weeks as the geopolitical premium built on fears that the Israel-Gaza conflict could involve more countries in the Middle East and disrupt oil supply has eased. Israeli forces carried out their biggest Gaza ground attack in their 20-day-old war with Hamas overnight, angering the Arab world. Prices could jump 20% in the less likely scenario of an interruption of trade through the Strait of Hormuz where 17% of global oil production transit, they said in a note.

Persons: Kelvin Yew, Benjamin Netanyahu, Helima Croft, Goldman Sachs, Brent Organizations: Enterprise, Brent, West Texas, Ocean, Investments, RBC Capital Locations: Sealy , Texas, United States, Israel, Gaza, Hormuz, Saudi Arabia, Russia

☆ We had a busy week of trades in an oversold market. Here's the day-by-day breakdown
▼ + stars: | 2023-10-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Elevated bond yields and geopolitical uncertainty continued to be negative for stocks this week as the overall market moved into oversold territory. The closely followed S & P 500 Short Range Oscillator first flashed oversold Monday and went deeper and deeper into oversold territory as the week went along. ORCL YTD mountain Oracle YTD However, shares fell on worries that cash flows from AI workloads would be further out in the future. CTRA YTD mountain Coterra Energy YTD We bought 200 more shares of Coterra Energy (CTRA). META YTD mountain Meta Platforms YTD We also on Thursday decided to upgrade Meta Platforms (META) to our buy-equivalent 1 rating as the stock riding a two-day losing streak.

Persons: Jim Cramer, Jim Cramer's, Jim, Squawk, Virginia Sherwood Organizations: Treasury, Oracle, Constellation Brands, Constellation, Coterra Energy, Natural Resources, Exxon Mobil, CNBC Locations: oversold, Danaher

☆ Mideast in Focus as US, China Meet to Pave Way for Biden-Xi Summit
▼ + stars: | 2023-10-26 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +6 min

But whether Beijing will use it remains to be seen and experts say China may instead watch from the sidelines for a while longer. Blinken, during a whirlwind Middle East trip last week, spoke by phone to Wang and asked him to use Beijing's clout to ensure the conflict does not widen. On Wednesday, Xi said whether Washington and Beijing could establish the "right" way of getting along and managing their differences would be crucial to the world. U.S. and Chinese officials held a virtual meeting on Monday on macroeconomic developments, talks the U.S. called "productive and substantive" and China called "in-depth, frank and constructive." U.S. officials said Taiwan and the South and East China Seas, where they accused Beijing of "destabilizing and dangerous actions" against rival territorial claimants, would also be on the agenda.

Persons: Humeyra Pamuk, David Brunnstrom, Laurie Chen WASHINGTON, Wang Yi, Joe Biden, Xi, Biden, Antony Blinken, Wang, Jon Alterman, WANG, BIDEN Shi Yinhong, Shi, Israel, Zhang Jun, Wang's, Blinken, Jake Sullivan, Xi's, Yun Sun, Washington, Laurie Chen, Trevor Hunnicutt, Josie Kao Organizations: State Department, . Security, Washington's Center, Strategic, International Studies, Renmin University of China, Reuters, White, PATH, BIDEN, Asia Pacific Economic Cooperation, China, Washington's, APEC, East China Seas, China's Global Times Locations: BEIJING, Washington, China, Beijing, Iran, Israel, Taiwan, South, U.S, Gaza, Asia, San Francisco, Bali, China . U.S, East

Persons: Wang Yi, Joe Biden, Xi, Biden, Antony Blinken, Wang, Jon Alterman, WANG, BIDEN Shi Yinhong, Shi, Israel, Zhang Jun, Wang's, Blinken, Jake Sullivan, Xi's, Yun Sun, Washington, Humeyra Pamuk, David Brunnstrom, Laurie Chen, Trevor Hunnicutt, Josie Kao Organizations: State Department, . Security, Washington's Center, Strategic, International Studies, Renmin University of China, Reuters, White, PATH, BIDEN, Asia Pacific Economic Cooperation, China, Washington's, APEC, East China Seas, China's Global Times, Thomson Locations: WASHINGTON, BEIJING, Washington, China, Beijing, Iran, Israel, Taiwan, South, U.S, Gaza, Asia, San Francisco, Bali, China . U.S, East

☆ EU calls for humanitarian pauses for Gaza aid as Israel raids enclave
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

Israel's military, which has been carrying out limited raids into Gaza as it prepares for a ground incursion of the enclave, said early on Friday it was "currently conducting raids in the Gaza Strip as part of preparations for the next stage of the operation." Unlike in the Security Council where resolutions on Gaza aid failed this week, no country holds a veto in the General Assembly. Israel has bombarded the densely populated Gaza Strip following the Oct. 7 Hamas attack on Israeli communities. EU COMPROMISEIn Brussels, the 27 leaders of the EU reached a compromise declaration after days of wrangling, expressing the "gravest concern for the deteriorating humanitarian situation in Gaza". They called for "continued, rapid, safe and unhindered humanitarian access and aid to reach those in need through all necessary measures including humanitarian corridors and pauses for humanitarian needs".

Persons: Khan Younis, Abu Mustafa, Joe Biden, Iran's, U.N, Mamadou Sow, Israel, Washington, Biden, Ayatollah Ali Khamenei, Hossein Amirabdollahian, Yoav Gallant, Nidal al, Tala Ramadan, Emily Rose, Adam Makary, Jeff Mason, Phil Stewart, Michelle Nichols, Gabriela Baczynska, Andrew Gray, Grant McCool, Cynthia Osterman Organizations: United Nations, Hamas, REUTERS, Gaza Biden, Union, Reuters, General, Security, EU, International Committee, Cross, UNRWA, United, Pentagon, Iran's, U.S, Iranian, Thomson Locations: Israel, Palestinian, Gaza, Al, Rafah, Brussels, Jeddah, West, Tehran, U.S, Iraq, Syria, Iran, Lebanon, United States

In Europe, inflation peaked at a painful 10.6% in October for the 20 countries that use the euro currency as Russia's war in Ukraine took a toll. But with inflation now down to 4.3%, analysts expect the ECB to hold off on more hikes during its meeting in Athens. Political Cartoons View All 1218 ImagesSurveys of purchasing managers by S&P Global indicate that economic activity fell in October. Its biggest economy, Germany, is forecast by the International Monetary Fund to shrink by 0.5% this year, making it the world's worst performing major economy. “The ECB won’t be in any rush to take further action,” said Carsten Brzeski, global head of macro at ING bank.

Persons: hasn't, ”, Carsten Brzeski, Christine Lagarde, aren't Organizations: European Central Bank, ECB, U.S . Federal Reserve, Bank of England, European Union, ABN Amro, International Monetary Fund, IMF, “, ECB won’t, ING Locations: FRANKFURT, Germany, Israel, Europe, Ukraine, Athens, Frankfurt, Russia, East, Iran

For the international bankers, executives and officials who had gathered in the Saudi capital, Riyadh, to make deals, the war raging in Gaza and Israel felt like a distant backdrop. Instead, when speakers took the stage, they praised Prince Mohammed bin Salman’s plan to remake Saudi Arabia and focused on the future: artificial intelligence, longevity science, renewable energy. Israel has laid siege to the Gaza Strip and unleashed a fierce bombardment. That has prompted protests across the region, reinvigorating vocal Arab support for the Palestinian cause — including among many Saudi citizens. Yet Saudi officials have made it clear that they are determined to prevent all of that from casting a pall over Prince Mohammed’s plans for the kingdom, which include reshaping the economy to reduce dependence on oil and turning the country into a global hub for business and tourism.

Persons: —, Prince Mohammed bin Salman’s, ”, Yasir al, Prince Mohammed’s Organizations: Future Investment, Hamas, Gaza, Saudi Locations: Saudi, Riyadh, Gaza, Israel, Saudi Arabia, East

☆ Opinion: A path to peace in Middle East is possible. Here’s how
▼ + stars: | 2023-10-25 | by ( Opinion Miriam Sapiro | ) edition.cnn.com time to read: +9 min

She has served at the National Security Council, at the State Department as a negotiator for the Bosnia Peace Accords, and as Deputy US Trade Representative. A similarly firm hand — and robust US leadership — will also be necessary for any peace deal to be forged in the Middle East. Similarly, Hamas’ current leadership would certainly not be welcome at the table should Mideast peace talks resume. That should compel them to help increase isolation of Hamas as well as play an active and useful role in future peace talks. With the key players thinking strategically and acting tactically — as eventually happened in Bosnia — peace in the Middle East may have a chance.

Persons: Miriam Sapiro, Miriam Sapiro Sard, Biden’s, Bosnians, —, ’, Madeleine Albright, Israel, Benjamin Netanyahu’s Organizations: Center for Strategic, International Studies, National Security Council, State Department, Accords, US Trade Representative, CNN CNN, Hamas, US, UN, Bosnian, Bosnian Serbs, —, Belgrade, West Bank, Bosnia Contact, EU, United Arab, CNN, Twitter, Palestinian, European Union, Bank, Authority Locations: Bosnia, Israel, Balkans, Yugoslavia, Bosnian, Washington, Dayton , Ohio, — Serbia, Croatia, Dayton, Gaza, Saudi Arabia, United States, Egypt, Jordan, United Arab Emirates, Bahrain, Qatar, America, Iran, Oslo Accords, Ramallah

Biden administration officials, worried that a growing conflict in the Middle East could send global oil prices soaring, are looking for ways to hold down American gasoline prices if such a jump occurs. President Biden tapped the reserve aggressively last year after Russia’s invasion of Ukraine sent oil prices skyrocketing, leaving the amount of oil in those reserves at historically low levels. The conflict in the Middle East has not yet sent oil prices surging. Administration officials are wary of the possibility that prices could again jump above $5 a gallon, a level they briefly touched in the spring of 2022. “In some ways, they’ve missed the boat.”

Persons: Biden, That’s, Mr, ”, Amrita Sen, Sen, “, they’ve Organizations: Biden, nation’s Strategic Petroleum Reserve, AAA Locations: Saudi Arabia, Gulf of Mexico, Ukraine, Israel, Iran

But a couple of the world’s largest oil companies beg to differ – or at least for the future that extends out about three decades. This month, Exxon Mobil and Chevron have together bet heavily on a future their CEOs think will still need a lot of black gold. Hess also has considerable oil and gas assets in the U.S., including the Bakken area of western North Dakota, eastern Montana and southern Saskatchewan in Canada. But equally critical, the moves are important statements that the age of oil remains, despite the release on Tuesday of the annual world energy outlook from the International Energy Agency that forecasts global demand for fossil fuels will peak in 2030. Although he has championed many green energy policies, President Joe Biden also has done little to block the advancement of domestic oil and gas production.

Persons: Hess, ” Chevron, “ Hess, ”, Dan Pickering, we’re, it’s, ’ –, Fatih Birol, Mike Wirth, “, Pickering, Joe Biden Organizations: White, Exxon Mobil, Chevron, Natural Resources, Republican Party, “ Investors, Pickering Energy Partners, Hamas, International Energy Agency, Financial Times, French, U.S . Energy, Administration, Republicans Locations: Brussels, Chevron, U.S, Guyana, North Dakota, Montana, Saskatchewan, Canada, Texas, New Mexico, Saudi Arabia, Russia, Israel, Iran, Europe

☆ Elite Universities Face Donor Revolt Over Mideast Conflict
▼ + stars: | 2023-10-24 | by ( Rachel Louise Ensign | Juliet Chung | ) www.wsj.com time to read: 1 min

David Magerman was in Israel celebrating a holiday by dancing with a Torah in synagogue when Hamas attacked the country earlier this month. When his alma mater, the University of Pennsylvania, put out a statement a few days later that called the assault “horrific” but didn’t explicitly condemn Hamas, he was incensed. Magerman, a hedge-fund veteran turned venture capitalist who has donated millions to the school, has since cut his ties with Penn. “I was just pushed over the edge by the equivocation of the response,” he said.

Persons: David Magerman, didn’t, Magerman, “, ” Organizations: University of Pennsylvania, Penn Locations: Israel

“Today we are again facing a crisis in the Middle East that could once again shock oil markets," said IEA Executive Director Fatih Birol. That comes on top of the stress on energy markets from Russia's cutoff of natural gas to Europe over its invasion of Ukraine, he said. Political Cartoons View All 1215 ImagesFossil fuel prices are down from 2022 peaks, but “markets are tense and volatile," said the IEA in the report. “Some of the immediate pressures from the global energy crisis have eased, but energy markets, geopolitics, and the global economy are unsettled and the risk of further disruption is ever present,” it said. “We have solar, wind, nuclear power, electric cars.

Persons: Fatih Birol, “, ” Birol, Birol, ” Organizations: International Energy Agency, Associated Press, Hamas, Israel, Nations, IEA, AP Locations: FRANKFURT, Germany, Gaza, Europe, Ukraine, Israel, China

☆ Gold gains on softer U.S. bond yields, Mideast uncertainty
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: +1 min

Gold prices rebounded on Tuesday as benchmark U.S. Treasury yields pulled back, while investors awaited economic data for guidance on interest rates and monitored growing tensions in the Middle East. Spot gold was up 0.2% at $1,976.99 per ounce by 0349 GMT, while U.S. gold futures was steady at $1,988.10. "The importance of geopolitics and gold is really highlighted very clearly by how strong gold has been despite stronger bond yields," said Ilya Spivak, head of global macro at Tastylive. "Once markets digest geopolitics, yields would become more of a meaningful factor," he added. Spot silver was up 0.7% to $23.15 an ounce, platinum fell 0.1% to $895.66 and palladium firmed 1.1% to $1,129.79.

Persons: Ilya Spivak, Israel, Spivak Organizations: Treasury, Gaza, U.S

WASHINGTON (AP) — The White House said Tuesday that “prudent contingency planning” is underway to evacuate Americans from the Middle East in case the Israel-Hamas war spreads into a broad regional conflict. “And certainly evacuations are one of those things.”The White House addressed the contingency plans amid growing concerns that the 18-day-old Israel-Hamas war could further escalate. “The two leaders agreed on pursuing broader diplomatic efforts to maintain stability across the region and prevent the conflict from expanding,” the White House added. But talks were interrupted after Hamas militants stormed from the blockaded Gaza Strip where Palestinians live into nearby Israeli towns. “This is a happy occasion," Biden said at the start of the White House ceremony.

Persons: John Kirby, ”, ” Kirby, Israel, Joe Biden, Saudi Arabian Crown Prince Mohammed bin Salman, Biden, ” Biden, Israel ”, Sheldon Weinbaum, “ Organizations: WASHINGTON, White, National Security, U.S, The Washington Post, Saudi Arabian Crown, Hamas, Biden, Pentagon, Gaza, City College of New, West Bank Locations: Israel, U.S, Gaza, Iran, Lebanon, Iraq, Yemen, Saudi Arabia, Washington, United States, City College of New York, israel

Without directly referencing the devastation of the Israel-Hamas war, the first lady announced Tuesday that "we’ve made a few adjustments to the entertainment portion” of the dinner. Albanese is the fourth world leader to be honored with a state visit during Biden's term, after the leaders of France, South Korea and India. Hundreds of lawmakers, business titans and celebrities are typically invited to state dinners, but the White House keeps the guest list secret until just before people start arriving for the black-tie affair. The dinner program, including an exchange of toasts, will unfold in a temporary pavilion being built on the White House lawn. The White House said postponing was not an option, casting Albanese's visit as part of the important diplomatic balancing act that a president must undertake with U.S. allies worldwide.

Persons: Jill Biden, we’ve, Anthony Albanese, Katie Button, Joe Biden, Albanese, Biden, Karine Jean, Pierre, “, John Kirby, ” Albanese, Jodie Haydon Organizations: WASHINGTON, White House, Army and Air Force, Australian, House, Washington, Republican, White, Press, Biden, National Security Council Locations: Israel, Asheville , North Carolina, Australia, France, South Korea, India, Washington, United States

☆ Why Cramer remains optimistic on Halliburton despite a quarterly revenue miss
▼ + stars: | 2023-10-24 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016. CNBC's Jim Cramer says don't turn bearish on Halliburton (HAL) yet — even as the oilfield services name tumbles on a slight revenue miss for its third-quarter earnings report. Halliburton, which reported quarterly results before Tuesday's opening bell, beat profit expectations but missed on revenue amid weakness in North America. "Let Halliburton [stock] come down, but this company's going to do just fine if oil stays at these prices," Cramer said on "Squawk on the Street." He cited Halliburton's track record of conserving capital and sees more demand for the company's services due to oil market dynamics.

Persons: CNBC's Jim Cramer, Jim Cramer's, Cramer, WTI Organizations: Halliburton, New York Stock Exchange, HAL, Texas, CNBC Investing Club, The, Coterra Energy Locations: New York, U.S, North America

☆ An 85-year-old Israeli women shook hands with a Hamas militant after being freed. Her husband is still being held hostage.
▼ + stars: | 2023-10-24 | by ( Sarah Gray | Associated Press | ) www.businessinsider.com time to read: +6 min

Two older adult hostages were released by Hamas on Monday, October 23. Yocheved Lifshitz, 85, and Nurit Cooper, 79, were taken October 7 during the Hamas terror attacks. Yocheved Lifshitz, 85, and Nurit Cooper, 79, were taken hostage on October 7 after militants attacked kibbutz Nir Oz. Lifschitz's father and Yocheved Lifzhitz's husband, Oded Lifshitz, along with Nurit Cooper's husband, Amiram Cooper, are still being held by Hamas, along with an estimated 218 hostages. Over 1,400 people in Israel have been killed — mostly civilians slain during the initial Hamas terror attacks.

Persons: Yocheved Lifshitz, Nurit Cooper, Lifshitz, —, Nir Oz, Sharone Lifschitz, CNN's Anderson Cooper, Lifschitz's, Yocheved, Oded, Nurit, Amiram Cooper, Al Qassam, Judith, Natalie Raanan, Daniel Lifshitz, Daniel, salam, AP Daniel Lifschiz, Israel, John Kirby, Yoav Gallant Organizations: Service, Hamas, AP, CNN, Reuters, West Bank, Israel Defense Forces, Security, US, Ministry Locations: Rafa, Egypt, Tel Aviv, Evanston , Illinois, Gaza, Israel, The, Iranian, Lebanon, Syria, Iraq, Washington

SummaryCompanies Markets await US PCE price index, Q3 GDP data this weekPalladium up 3%Oct 23 (Reuters) - Safe-haven gold eased on Monday, hitting pause after jumping to within striking distance of the key $2,000 level in the last session, as traders positioned for further developments on the Middle East conflict and U.S. economic data. Spot gold fell 0.3% to $1,976.19 per ounce by 1:41 p.m. Reuters Graphics"Safe-haven demand will continue to drive gold higher after a slight period of consolidation. Focus is also on the U.S. PCE price index on Friday— the Federal Reserve's favoured inflation gauge — and U.S. GDP figures for the third quarter on Thursday. Silver slipped 1.3% to $23.05 per ounce, platinum rose 0.3% to $897.58 and palladium gained 3% to $1,131.03.

Persons: David Meger, Bullion, Craig Erlam, Meger, Silver, BEV, Ashitha Shivaprasad, Sherin Elizabeth Varghese, Andrea Ricci, Aurora Ellis, Shailesh Organizations: Reuters, High, U.S, Thomson Locations: U.S, Israel, Bengaluru

Israel is widely expected to launch a ground offensive in Gaza following Hamas’ brutal Oct. 7 rampage into southern Israeli communities. At least 222 people were captured and dragged back to Gaza, including foreigners, the military said Monday, updating a previous figure. The Israeli military released footage showing what it said were attacks on Hamas infrastructure. The Israeli military said a soldier was killed and three others were wounded by an anti-tank missile during a raid inside Gaza. Israel repeated its calls for people to leave northern Gaza, including by dropping leaflets from the air.

Persons: Israel ramped, Israel, —, Abu Youssef Al, Talaat Barghout, Netanyahu, Joe Biden “, Antony Blinken, Israel “, ” Israel, ___ Magdy, Wafaa Shurafa, Amy Teibel, Brian Melley Organizations: Hamas, West Bank, U.S, Qatar . Tanks, Ministry, Crescent, Associated Press, Najjar, World Health Organization Locations: RAFAH, Gaza, United States, Israel, Egypt, Gaza City, Iranian, U.S, Lebanon, Syria, Washington, American, Qatar, Rafah, U.N, Jerusalem, Cairo, Krauss, Deir al, London, israel

☆ Listen now: Tehran's tightrope and new war fronts
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: 1 min

Follow on Apple, Google or Spotify. Listen on the Reuters app. The bombardment of Gaza intensifies as Israel strikes southern Lebanon and clashes with Palestinians in the West Bank. Reuters reveals the quandary for Iran's cleric about entering the war. Aid convoys arrive in Gaza, but it's just a fraction of what's needed, according to the UN.

Persons: Argentina's Organizations: Apple, Google, Reuters, West Bank, Aid, UN, Thomson Locations: Gaza, Israel, Lebanon

☆ Developing World Sees Double Standard in West’s Actions in Gaza and Ukraine
▼ + stars: | 2023-10-23 | by ( Neil Macfarquhar | More About Neil Macfarquhar | ) www.nytimes.com time to read: +2 min

For 20 months, the Biden administration has attempted to stake out the moral high ground against Russia, condemning its brutal war on Ukraine for indiscriminately killing civilians. Speaking from the Oval Office on Thursday, President Biden tied American support for Ukraine and Israel together, describing both nations as democracies fighting enemies determined to “completely annihilate” them. Such accusations are not exactly new in the Middle East conflict. But the dynamics of the dual crises have gone beyond Washington’s desire to rally global support to isolate and punish Russia for invading its neighbor. “That will make international cooperation on Ukraine, like sanctions enforcement on Russia, even harder.”

Persons: Biden, Israel bombards, ”, Clifford Kupchan Organizations: America, West, Eurasia Group Locations: Russia, Ukraine, Israel, Gaza, Africa, Asia, China, Brazil, Indonesia, New York

Palestinian media reported at least 11 Palestinians were killed in an Israeli strike in the southern Gaza city of Khan Younis, and that Israel was striking the southern city of Rafah. We will continue to attack in the area of Gaza City and increase attacks," Hagari told Israeli reporters on Saturday. Israel started its "total siege" of Gaza after an Oct. 7 cross-border attack on southern Israel by militants of the Islamist movement Hamas killed 1,400 people, mainly civilians, in a shock rampage that has traumatised Israel. [1/5]An Israeli soldier secures an area, following a deadly infiltration by Hamas gunmen from the Gaza Strip, in Kibbutz Kissufim in southern Israel October 21, 2023. At least 84 Palestinians in the West Bank have been killed in clashes with Israeli forces since the Hamas rampage, Palestinian officials say.

Persons: Lloyd Austin, Biden, Israel, Khan Younis, Daniel Hagari, Hagari, Joe, Washington, Amir Cohen, Rights Biden, General Herzi Halevi, Antony Blinken, Najib Mikati, Nidal al, Michelle Nichols, Phil Stewart, Lincoln, Daniel Wallis, William Mallard Organizations: US, Defense, Al, Gaza's Health, Area Defense, Drones, FIRST, Gaza, United Nations, Palestinian, REUTERS, Rights, United, Security, Canada's National Department of Defence, Canadian Forces Intelligence Command, Health Ministry, State Department, West Bank, Thomson Locations: U.S, Iran, Canada, Ahli, Gaza, GAZA, JERUSALEM, Israel, Washington, Khan, Rafah, Gaza City, Iraq, East, Israeli, Kibbutz Kissufim, United States, France, Tel Aviv, Lebanon, Jenin, New York, Jerusalem

☆ Gulf bourses drop amid hawkish Fed tone, Mideast conflict
▼ + stars: | 2023-10-22 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +2 min

REUTERS/Hamad I Mohammed/File photo Acquire Licensing RightsOct 22 (Reuters) - Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S Federal Reserve, and worries of escalation in the Middle East conflict. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by Fed policy decisions because most regional currencies are pegged to the U.S. dollar. Saudi Arabia's benchmark index (.TASI) was down for a third consecutive session, ending 1.5% lower, with all sectors in the red. Elm Company (7203.SE) dropped 2.3%, while Al Rajhi Bank (1120.SE), the world's largest Islamic bank by assets, slipped 2.1%. The Qatari index (.QSI) fell for a fifth straight session, ending 0.9% lower, with Industries Qatar (IQCD.QA) dropping 2.2% and Qatar Navigation (QNNC.QA) sliding 3%.

Persons: Joe Biden, Hamad I Mohammed, Jerome Powell, Talaat Mostafa, Md Manzer Hussain, David Holmes Organizations: Bahrain Bourse, U.S, REUTERS, Stock, U.S Federal Reserve, Gulf Cooperation Council, U.S ., Elm Company, Al Rajhi Bank, Industries Qatar, Qatar Navigation, Qatar National Bank, Eastern Co, Gaza, Thomson Locations: Bahrain, Manama, Saudi, Israel, Lebanon, Syria

☆ 3 things to watch in the stock market next week as bond yields hover at 2007 highs
▼ + stars: | 2023-10-21 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

The usual suspects were to blame — rising bond yields, geopolitical tensions, and oil prices — and will hold the keys to the market this coming week. Earnings are one of the three major themes on the marquee next week, with 10 Club companies reporting. Here are the companies: Danaher (DHR), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Veralto (VLTO), Honeywell (HON), Linde (LIN), Amazon (AMZN), Ford (F) and Stanley Black & Decker (SWK). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Jerome Powell, Jim Cramer, Jim, Morgan Stanley, Stanley Black, Decker, Danaher, Veralto, it's, Mark Zuckerberg, We're, Vimal Kapur, Linde, Jim Farley, Ford, FactSet, Powell, WTI, Baker Hughes, Edwards Lifesciences, Northrop, CARR, Davidson, Dr Pepper, Phillips, Jim Cramer's, Michael M Organizations: Dow Jones, Nasdaq, Economic, of New, Treasury, West Texas, Procter, Gamble, 10, Microsoft, Honeywell, Linde, LIN, Health Care, Technology, Communications Services, Google, Meta, Ford, Amazon, United Auto Workers, Atlanta, Wall Street, Hamas, Brent, Strategic Petroleum Reserve, Logitech, Verizon, General Electric, GE, RTX Corporation, Halliburton, HAL, General Motors, Dow Chemical, DOW, Xerox, Texas Instruments, F5 Networks, WM, Boeing, Fisher, Mobile, Hilton, General Dynamics, Norfolk Southern, Otis Worldwide, IBM, KLA, O'Reilly Automotive, Mattel, Whirlpool, Gross, Royal Caribbean Cruises, Hershey Company, United Parcel Service, Southwest Airlines, Altria, Northrop Grumman, Valero Energy Corp, Mastercard, Merck, Co, Myers Squibb, Newmont, Tractor Supply Company, Comcast, Seagate Technology, Boston, Hertz, Carrier, Hasbro, Harley, Intel, Grill, United States Steel, Boston Beer Company, Texas, University of Michigan, Exxon Mobil, Chevron, Charter Communications, Colgate, Palmolive, Newell Brands, Sanofi, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: of New York, U.S, Industrials, OpenAI, America, Venezuela, Cleveland, Norfolk, ORLY, Bristol, Brunswick, Oshkosh, New York City

“The border has never been a money issue,” said Rep. Dan Crenshaw, R-Texas. It also suggests $1.4 billion to add 375 immigration judges and their teams in addition to money for 1,300 new border patrol agents. “But it’s got to be designed to secure the border, not to facilitate travel through the border,” he said. “No more money should be spent simply to facilitate current border policy.”It's unclear if compromise is possible on the issue. The border is not about money; there’s some money that needs to be spent on certain things, but it is way more about policy.

Persons: Joe Biden, It's, ”, Dan Crenshaw, Biden, “, Colleen Putzel, there's, Eric Adams, Alex Gough, J.B . Pritzker, Maura Healey, Kevin McCarthy, Sen, Kevin Cramer, he’d, it’s, Texas Republican Sen, John Cornyn, Chris Murphy, ” Murphy, ” Crenshaw, Mary Clare Jalonick, Kevin Freking, Claire Savage, Mike Casey, Patrick Whittle, Lisa Rathke, Holly Ramer Organizations: WASHINGTON, U.S, White, Democratic, Homeland Security, Migration Policy Institute, Central America, New York, ”, O’Hare, Illinois Gov, GOP, Texas Republican, Connecticut Democrat, Department of Homeland Security, Associated Press Locations: Ukraine, Mexico, Israel, Texas, U.S, South, Central, York City, New, implore, New York City, Chicago, ” Massachusetts, Massachusetts, Connecticut, Washington, Boston, Portland , Maine, Montpelier , Vt, Concord, N.H

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