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North Korea is copying the American Hellfire missile, US Army Brig. Pyongyang previously unveiled two drones that looked suspiciously like the MQ-9 Reaper and RQ-4 Global Hawk. AdvertisementThe US military is closely watching a new North Korean drone that uses a "reverse-engineered copy" of the Hellfire missile for the MQ-9 Reaper and RQ-4 Global Hawk, a US Army general said on Tuesday. "North Korea recently unveiled a reconnaissance and multirole UAV that employ a reverse-engineered copy of a Hellfire missile, similar to an RQ-4 and MQ-9," Brig. If the North Korean missiles are, indeed, guided, it's also unknown what system they employ.
Persons: Patrick Costello, , United States Army Conference . Costello, Costello, Kim Il, it's, general's, David Stewart, Palmer Organizations: missile, US, Service, Hellfire, US Army, of, United States Army Conference, North Korean, Korean Central News Agency, Korea News Service, Korean, The Defense Department, US Special, Command, Pentagon, Business Locations: Korea, Pyongyang, Brig, North Korea, West, Ukraine
Year to date, U.S. crude oil has fallen more than 1%. But Croft warned of a spiral of escalation that could ultimately lead to an oil disruption. Israel could be holding the oil card in reserve until they see how Iran responds to their strike, she said. OPEC also has millions of barrels per day in spare capacity that could jump into the breach if there is a supply disruption. “They will want to see that there is a physical supply disruption before they really jump in front of this.”
Persons: Israel, Helima Croft, CNBC’s, Brent, Croft, ” Croft, , Organizations: Biden, NBC News, RBC Capital Markets, West Texas Intermediate, Natural Gas, Israel, Global, International Energy Agency, IEA, OPEC Locations: Israel, Iran, Americas, U.S, Saudi Arabia
WASHINGTON — The Biden administration has warned Israel that if the humanitarian situation in Gaza doesn't improve within the next 30 days, the U.S. may restrict military assistance to Israel. The Biden Administration sent a similar warning to Israeli officials in April ahead of a required report, and the U.S. ultimately determined the actions taken by Israel to improve the humanitarian situation afterward met the requirements under the law. The ministry says the total death toll in Gaza since the Oct. 7, 2023, Hamas attack on Israel is more than 42,000. Progressive members of the Democratic Party, as well as advocacy organizations like IfNotNow, have been calling on the Biden administration for months to halt arms to Israel. "The administration can and must act now — each day the Biden Administration waits to cut off the flow of bombs, planes, and missiles, the Israeli military uses U.S. weapons to extinguish more Palestinian lives."
Persons: WASHINGTON —, Biden, Yoav Gallant, Ron Dermer, Antony Blinken, Lloyd Austin, Israel, Eyad Baba, Matt Miller, , ” Miller, ActionAid, , Eva Borgwardt Organizations: Israeli, Strategic Affairs, Defense, Getty Images State, Biden Administration, Gaza Ministry, Health, U.S, Oxfam, Medical Aid, Democratic Party, Biden Locations: Israel, Gaza, U.S, AFP, Lebanon, Iran
His comments came after the U.N. Security Council expressed “strong concern” following the attacks in a statement issued after emergency closed consultations on Lebanon. Although it did not name either Israel, Lebanon or Hezbollah, the statement which was read by Swiss U.N. Vehicles from the UNFIL force patrol in Marjayoun in southern Lebanon on Saturday. In the backdrop of its invasion of Lebanon, Israel is also weighing up its response to the missile barrage launched by Iran earlier this month, sparking fears that a massive retaliation could stoke a wider regional conflict. Satellite imagery shows what appears to be Israeli tanks surrounding a UNIFIL base near Maroun Al Ras in southern Lebanon earlier this month.
Persons: Jean, Pierre Lacroix, Antonio Guterres, Lacroix, Pascale Baeriswyl, Israel, Benjamin Netanyahu, , Andrea Tenenti, Joe Biden’s, Netanyahu, Joe Biden Organizations: United Nations, United Nations Interim Force, . Security, U.N, UNIFIL, Vehicles, Saturday, AFP, Getty, Israel, stoke, Planet, The Washington Post Locations: Lebanon, Israel, , New York, Swiss, Iranian, Gaza, Marjayoun, UNIFIL, Iran, Maroun Al Ras, The Washington, United States
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is a very cheap stock versus Nvidia" Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Jim, Johnson, Goldman Sachs, Jim Cramer's Organizations: CNBC, Nvidia, Devices, Bloomberg, AMD, Texas, Coterra Energy, Analysts, YouTube, Federal, Dow, Johnson, Bank of America, Walgreens Locations: Persian, Israel, U.S
Crude oil futures fell more than 4% on Tuesday, as a looming global oil surplus next year overshadowed the risk of a supply disruption from the conflict between Israel and Iran. Oil prices spiked earlier this month after Iran hit Israel with a ballistic missile attack, raising fears that Israel would respond by targeting the Islamic Republic's oil facilities. The International Energy Agency said Tuesday that its members are prepared to take action if there is a supply disruption in the Middle East. Meanwhile, crude production in the Americas, led by the U.S., is poised to grow by 1.5 million bpd this year and next, the IEA said. OPEC has cut its oil 2024 forecast for the third consecutive month in a row.
Persons: Israel Organizations: International Energy Agency, OPEC Locations: Israel, Iran, Americas, U.S
A new video shows one of Taiwan's F-16 tracking a Chinese J-15 fighter jet. The "Joint Sword-2024B" drill involved a record number of Chinese aircraft, as well as warships. AdvertisementA new video from Taiwan's response to China's military exercises this week shows a Chinese J-15 carrier-based fighter jet through the sniper pod on an American-made F-16. In the footage, a Taiwanese F-16 uses its sniper pod surveillance system to track a Chinese J-15, presumably from the Chinese carrier that participated in the Chinese drills. Taipei rejects China's claims of sovereignty over it and has consistently worked to bolster Taiwan's military to deter and defend.
Persons: , Lockheed Martin, URfScDhgdj — Ryan Chan 陳, China's, Lai Ching Organizations: Service, Military News Agency, Ministry of National Defense, Lockheed, China PLA Navy, CAP, Getty, People's Liberation Army, Independence Locations: Taiwan, Taiwanese, Russian, China, Shenyang, Liaoning, Taiwan Strait, Xinhua, People's Republic of China, Republic of China, Beijing, Taipei
AdvertisementA record number of Chinese military aircraft flew around Taiwan during large-scale war games on Monday, new data from the nation's defense ministry shows. The drills, called "Joint Sword-2024B," involved joint forces simulating surrounding Taiwan, blockading ports, striking targets, and executing assaults. A map from the Taiwanese Ministry of Defense shows the areas of Chinese aircraft operations around the main island of Taiwan. Taiwan's Ministry of DefenseEarlier Monday, Taiwan's defense ministry reported 125 Chinese aircraft sorties conducted by 72 aircraft, with 57 entering the de facto ADIZ. The Chinese military called the drills a "stern warning."
Persons: Taiwan's, , Lai Ching, Li Xi, GREG BAKER Organizations: Service, Taiwan's Ministry of Defense, People's Liberation Army, Taiwanese Ministry of Defense, CAP, PLA Eastern Theater Command, Getty Images, Lai's Locations: Taiwan, Beijing, China, Taipei, AFP, Getty Images Beijing, Liaoning
A sell-off in semiconductors pulled stock indexes away from record highs. The decline overshadowed better-than-expected bank earnings results. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meanwhile, a report that the US is considering export caps on specific chip sales only added to investor concern, pulling the broader chip sector lower. AdvertisementThe rout took attention from Tuesday's bank sector performance, as Goldman Sachs, Bank of America, and Citigroup beat earnings estimates.
Persons: , Goldman Sachs, Israel, Brent Organizations: Service, Nasdaq, Nvidia, Broadcom, Taiwan Semiconductor Manufacturing Company, Bank of America, Citigroup Locations: Dutch, Israel, Iran, Iranian
As has been the case for previous Woodward books, those who don’t come out well from his reporting publicly dismiss it. Woodward notes that neither Biden nor Trump spoke to him for this book, but he still got great access. It’s clear from a close reading of “War” that almost every top national security official in the Biden administration spoke with him. The Biden administration has halted the shipment of massive 2,000-pound bombs to Israel, but otherwise, the large flow of American weapons to the Jewish state continues. Coats told Woodward, “It’s still a mystery to me how he deals with Putin and what he says to Putin.
Persons: Bob Woodward, Woodward, , Donald Trump, Vladimir Putin, Trump, Putin, Joe Biden, Barack Obama, , Barack, ” Putin, Biden, CNN’s Jim Sciutto, it’s, Bush, ” Woodward, Robert Woodward, Nixon, Richard Nixon, … Trump, ” Biden, Bill Burns, Burns, Eric Green, Green “, ” Green, Here’s, Vadim Ghirda, Russia ”, Benjamin Netanyahu, Brendan Smialowski, Yahya Sinwar, Netanyahu, ” —, ” Netanyahu, Antony Blinken’s, Blinken, hasn’t, Kamala Harris, Defense Lloyd Austin, Jake Sullivan, Harris, “ Tell Bibi, Anna Moneymaker, Joe, “ Bibi, Dan Coats, Coats, “ It’s, , ” Trump Organizations: CNN, Washington Post, New York Times, Trump, White, Biden, United Nations, Pentagon, CIA, National Security, NATO, Ukraine, Turks, Russia, West Bank, Gaza Health Ministry, Israel, UN, Getty, Hamas, US, Brown University, Defense, , Prince George’s Community College, Intelligence Locations: Russian, Ukraine, Crimea, Afghanistan, Gaza, Russia, Woodward, Kyiv, Sweden, Finland, Kursk, Israel, Lebanon, Syria, Yemen, Tel Aviv, AFP, Iran, Rafah, Largo , Maryland, Scranton, Delaware
CNN —China flew a record number of fighter jets and other warplanes around Taiwan during its large-scale military drills on Monday, the island’s Defense Ministry said. No Chinese warplanes were spotted entering Taiwan’s sovereign airspace, a step that would be considered a major escalation. While not directly comparable, the spike in Chinese warplanes on Monday superseded the previous daily record in September 2023, when 103 Chinese military aircraft were detected operating around Taiwan in a 24-hour span. In response to the latest incursions, Taiwan’s Defense Ministry said it employed its own aircraft, navy vessels and coastal missile systems to monitor the activity. Armed military vehicles patrol outside the Songshan Airport in Taipei on October 14, 2024 during Chinese military drills.
Persons: Lai Ching, , Lai, Hwa Cheng, Daniel Ceng, Organizations: CNN, island’s Defense Ministry, Coast Guard, Beijing, Taiwan’s Defense Ministry, Taiwanese Air Force, Getty, Communist Party, Taiwan, People’s Liberation Army, Eastern Theater Command Locations: China, Taiwan, Taiwan Strait, Beijing, Hsinchu, AFP, Taipei, Liaoning
Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks were mixed Tuesday morning as traders assessed the latest earnings, though several results before the bell helped strike a positive tone in early trading. While earnings will be this week's focal point, investors will also watch for September's retail sales and initial jobless claims to release on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:
Persons: , Goldman Sachs, Wells Fargo, Brent, Adriana Kugler, Mary Daly Organizations: Service, Citigroup, Bank of America, Dow Jones, JPMorgan Locations: Israel, Here's
Israel is facing an interceptor missile shortage, sources told the Financial Times. The head of an Israeli manufacturer of interceptor missiles said its production lines are working 24/7. Stroul also noted that the US is reaching a "tipping point," and may struggle to keep supplying Ukraine and Israel with interceptor missiles at the current pace. AdvertisementHe told Business Insider that he doubts Israel would fully exhaust its interceptor missile supply, and to approach the narrative of an Israeli interceptor missile shortage with caution. According to estimates, the Iron Dome's "Tamir" interceptor missiles cost about $50,000 each.
Persons: , Dana Stroul, Stroul, Ehud Eilam, Israel, Boaz Levy, Levy, Wertman, Hassan Nasrallah, Tamir, Pat Ryder Organizations: Financial Times, Service, Israel's Ministry of Defence, Israel Defense Forces, NPR, Israel Aerospace Industries, University of South, US, Defense, Pentagon Locations: Israel, Iran, Ukraine, Tel Aviv, Gaza, Hezbollah, Lebanon, Yemen, University of South Wales
The United States announced it is sending an advanced anti-missile system and a number of troops to Israel, deepening America's involvement in the spiraling conflict as the region readies for Israeli retaliatory strikes against Iran. The Terminal High Altitude Area Defense, known as THAAD, usually requires about 100 troops to operate, and has six truck mounted launchers, with eight interceptors on each launcher, as well as a powerful radar. Retired Brigadier General Zvika Haimovich, former head of the Israeli Air Defense, said Israel expected even an bigger barrage of missiles from Iran in "the next phase," after Tehran fired more than 180 missiles at Israel on Oct 1. But the presence of U.S. equipment and troops inside Israel would deepen the nation's involvement in the crisis. The arrival of THAAD and U.S. support might ease the burden on Israel's defense system, but Israel's latest reliance on its allies for protection may also speak to the cracks in its often impenetrable armor.
Persons: General Zvika Haimovich, Israel, THAAD, ” Haimovich, Amir Levy, Haimovich, , Abbas Araqchi, ” Araqchi, Fawaz, Joe Biden, Biden Organizations: United, Iran, Area Defense, Israeli Air Defense, NBC, London School of Economics, NBC News Locations: United States, Israel, Iran, Tehran, Israeli, U.S, THAAD
• Israel: A Hezbollah drone attack on an Israeli army base killed four soldiers and injured more than 60 people in one of the bloodiest attacks on Israel since the war began last October. Israel’s military said it will look into how the drone entered Israel without triggering an alert. • Lebanon: UN peacekeepers said Israeli soldiers breached one of its posts in southern Lebanon in violation of international law. The Israeli military later said one of its tanks backed into the post as it was evacuating wounded soldiers. A string of Israeli military actions have wounded peacekeepers in Lebanon in recent days, drawing global condemnation.
Persons: Organizations: UN Locations: • Israel, Israel, Lebanon, Iran, Tehran, • Gaza, Gaza
Oil prices fall by more than $1 on deflation worries in China
  + stars: | 2024-10-14 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand. In the U.S. market, energy firms last week added oil and natural gas rigs for the first time in four weeks, according to a closely followed report by energy services firm Baker Hughes. The oil and gas rig count, an early indicator of future output, rose by one to 586 in the week to Oct. 11. The impact of Hurricane Milton boosted short-term demand in the U.S. as evacuations supported gasoline consumption, but weak demand dominated the fundamentals outlook. Oil major BP posted a $600 million drop in its third-quarter profit on Friday because of weak refining margins amid a slowdown in global oil use.
Persons: Tony Sycamore, Baker Hughes, Hurricane Milton Organizations: Brent, U.S . West Texas, National Bureau of Statistics, China Ministry of Finance Locations: U.S, China, Beijing, East, Florida, The U.S, Iran, Israel, Hurricane
The US is sending a Terminal High-Altitude Area Defense (THAAD) battery and American operators to Israel. THAAD is a highly advanced air-defense system that can intercept ballistic missiles. AdvertisementThe US is sending an air-defense system to Israel that has rarely seen combat but has had a flawless flight test intercept record since it became operational. US ArmyTHAAD, which is made by Lockheed Martin, is the middle tier of the US military's sophisticated ballistic missile defense network. It covers a larger area than the Patriot system but less than the Aegis Ballistic Missile Defense and Ground-based Midcourse Defense systems.
Persons: THAAD, , Pat Ryder, Lockheed Martin, Washington, Ryder, Cory D, Payne Organizations: Defense, Pentagon, Service, US Army, Lockheed, Aegis Ballistic Missile Defense, Missile Defense, Center for Strategic, International Studies, United Arab Emirates, Houthi, Congressional Research Service, Army, Fort, US Air Force, Staff Locations: Israel, East, Yemen, South Korea, Guam, Iran, Tehran, Fort Bliss, Texas, States
The US is sending a sophisticated missile defense system to Israel. The THAAD system was described by a former US general as the "best in the world." The move comes amid the rising threat of missile and drone attacks on Israel from Iran and its allies. It's the only missile defense system designed to intercept targets either inside or outside the Earth's atmosphere. AdvertisementAnd back in 2019, when Iran-backed Houthi rebels attacked Saudi oil facilities, the US deployed a THAAD system to protect the Kingdom.
Persons: , Lockheed Martin, Mark Hertling, Hertling, It's, Israel's, Ahmet Kaya Organizations: Service, Israel, Lockheed, CNN, Hezbollah, Pentagon, Bloomberg, Area Defense, Brown University, Hamas, US, UK's National Institute of Economic, Social Research Locations: Israel, Iran, Lebanon, Tehran, Gaza, East, Yemen, Iranian, Saudi
Investors need to be wary as sticky inflation remains a risk, Deutsche Bank says. But it's not yet time for investors to relax, Deutsche Bank wrote on Monday. "If inflation does return, this could have very important implications for markets," Deutsche Bank strategists said. While that much is true, history shows that easing cycles are precisely the time to be cautious over inflation, Deutsche said. The firm cited the fact that in August, US M2 money supply rose 2.0% year-over-year, the highest growth rate since September 2022.
Persons: , Brent, Deutsche Organizations: Deutsche Bank, Service, Federal Reserve, Deutsche, Atlanta Locations: China, Israel, Iran, Iranian
CNN —The THAAD defense system is one of the US military’s most powerful anti-missile weapons, capable of intercepting ballistic missiles at ranges of 150 to 200 kilometers (93 to 124 miles) and with a near-perfect success rate in testing. THAAD interceptors are kinetic, meaning they take out incoming targets by colliding with them rather than exploding near the incoming warhead. Those other missile defense systems are more numerous than THAAD, an illustration of the importance the Biden administration is placing on this deployment to Israel. What makes THAAD so accurate is the radar system that supplies its targeting information, the Army Navy/Transportable Radar Surveillance radar, or AN/TPY-2. Production models of the THAAD system have never failed to intercept incoming targets in testing, according to the Missile Threat Project at the Center for Strategic and International Studies.
Persons: Biden, THAAD, Cedric Leighton, ” Leighton, Israel’s RAFAEL, Washington Organizations: CNN, Defense, Congressional Research Service, Pentagon, US Army, US, Patriot, US Air Force, Army Navy, Missile Defense, Missile, Center for Strategic, International, Defense System, Raytheon, Iron Locations: Israel, Iran, Tehran, United States, China, South Korea, North Korea, Beijing, Guam
China’s military exercises around Taiwan, a democracy of 23 million people, have become increasingly frequent in recent years and have tended to coincide with events that have angered Beijing. In August 2022, China launched a week of military drills following a visit to the island by then-US House Speaker Nancy Pelosi. Ahead of the drills, the Eastern Theater Command released a propaganda video entitled “prepared for battle” on its social media accounts. The PLA did not say whether the drills involved live fire exercises, and, as of now, China has not launched any missiles. A total of seven Chinese warships plus additional Coast Guard vessels were detected near the Taiwan Strait, according to the ministry.
Persons: , Nancy Pelosi, Lai Ching, , Lai, ” Lai, Communist Party’s, China’s, Xi, Matthew Miller Organizations: Taipei CNN, Eastern, Command, US, Taiwan, Eastern Theater Command, Taiwan’s Defense Ministry, Communist, Communist Party, People’s Liberation Army, PLA, Eastern Command, Guard, United Locations: Hong Kong, Taipei, Taiwan, Beijing, China, Liaoning, Philippines, Communist China, People’s Republic of China, Matsu, Taiwan Strait, United States
UNIFIL – the UN peacekeeping mission in Lebanon – has called the violations “shocking.”Israel has accused Hezbollah of operating in areas near UNIFIL posts. On Friday, two UNIFIL troops were injured after two explosions occurred close to an observation tower. The United Nations Interim Force in Lebanon (UNIFIL) was established by the UN Security Council following Israel’s first invasion into southern Lebanon in 1978. The UNIFIL troops are tasked with monitoring border violations and keeping the area, which includes Hezbollah strongholds – secure. While UNIFIL is a peacekeeping mission, troops can use force in certain circumstances, including self-defense, to protect civilians under the imminent threat of violence and to protect UN personnel facilities and equipment.
Persons: Lebanon –, ” Israel, Benjamin Netanyahu, , António Guterres, , ” Guterres, Meiss ej Jebel, Israel, Aziz Taher, Harry Koundakjian Organizations: CNN, UN, UNIFIL –, UNIFIL, Israel, IDF, United Nations Interim Force, Reuters, UN Security Council, The Security, Advance UNIFIL, AP, Blue Locations: Lebanon, Labbouneh, Ramyah, shellings, Meiss ej, France, UNIFIL, Lebanese, Naqoura, Israel, Norwegian, Indonesia, Italy, India, Nepal, Ghana, Malaysia, Spain, China, Ireland, United Kingdom, Peru, Nigeria
The US is sending more troops and an anti-missile system to Israel. The THAAD system will bolster Israel's air defense against incoming threats, the Pentagon said. AdvertisementThe United States is sending troops and an anti-missile defense system to Israel. AdvertisementMultiple outlets, citing the Pentagon, reported that the US will send about 100 troops to operate the air defense system. The United States has about 40,000 troops deployed in the wider Middle East, the Associated Press reported.
Persons: , Joe Biden, Lloyd Austin, Israel, Hassan Nasrallah, Pat Ryder Organizations: Pentagon, Service, Defense, Israel, US, United, Associated Press Locations: Israel, Iran, States, Lebanon, Syria, United States
CNN —The US will send an advanced anti-missile system — and US troops to operate it — to Israel “to help bolster Israel’s air defenses following Iran’s unprecedented attacks against Israel on April 13 and again on October 1,” the Pentagon said Sunday. But the deployment of additional US troops to Israel is notable amid the heightened tensions between Israel and Iran, and as the region braces for a potential Israeli attack on Iran that could continue to escalate hostilities. Approximately 100 US troops are deploying to Israel to operate the THAAD battery, according to a US defense official. It is rare for US troops to deploy inside Israel, but this is a typical number of troops to operate the anti-missile defense system. The THAAD system is specifically meant for anti-ballistic missile defense and could help Israel better defend itself against a future Iranian attack if Iran decides to respond to any Israeli strike.
Persons: Israel “, Patrick Ryder, Joe Biden, Benjamin Netanyahu Organizations: CNN, Pentagon, Defense, Israel, Wednesday, US, Street Journal Locations: Israel, Maj, Iran, Sea, Cyprus
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