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Washington CNN —Vice President Kamala Harris has met more than 150 world leaders since becoming vice president. Still, Harris has not always been the first phone call for foreign leaders or officials looking to get a line into the White House. UkraineA month after Russia invaded Ukraine, Harris was dispatched to NATO’s eastern flank on a reassurance mission – one that also came with some sensitive diplomatic smoothing-over. For a foreign policy novice with aspirations for higher office, the war in Ukraine was a rigorous introduction to wartime diplomacy. She has vowed to continue to support Ukraine and impose costs on Russia,” an aide to the vice president said.
Persons: Kamala Harris, Benjamin Netanyahu, Joe Biden, , Biden, Harris ’, Harris, she’s, Donald Trump, , Dana Bash, , Dana, haven’t, , Israel Harris, Netanyahu, Israel –, ” Harris, Harris “, Israel ”, Xi Jinping, Phil Gordon, Rebecca Lissner, Dean Lieberman, Antony Blinken, ” Lieberman, Volodymyr Zelensky, Nancy McEldowney, ” McEldowney, don’t, Jake Sullivan, John Kerry, Emmanuel Macron, Biden –, – Harris Organizations: Washington CNN —, Israeli, Democratic, Republicans, CNN, Biden, White, Israel, White House, American, United Nations General Assembly, UN, , Aboard Air Force, NATO, Munich Security Conference, , Munich Security, Ukraine, Rue Coquilliere Locations: Afghanistan, Gaza, Israel, Ukraine, United States, New York, Washington , DC, Michigan, Pennsylvania, Port, Prince, Haiti, Russia, Poland, Warsaw, Washington, Romania, Munich, France, Paris, White, Rue
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Vice President Kamala Harris is catching up to former President Donald Trump on the number of voters who trust her handling of the economy, according to a new Financial Times/Michigan Ross poll. The monthly survey found that 42% of voters trust Harris on economic issues, one percentage point more than the Republican presidential nominee. The most recent CNBC All-America Economic Survey, for example, found voters think they will be financially better off under Trump than Harris by a 2-to-1 margin. Trump often seizes on voters' economic pessimism as a political tactic, working to turn economic danger signs into narratives of full-blown catastrophe, attributable to the Biden-Harris administration's policies.
Persons: Kamala Harris, Harris, Donald Trump, Michigan Ross, Trump, Joe Biden's, Biden, heightening, Kamala Organizations: Democratic, Times, Republican, CNBC, America Economic Survey, Trump, FT, Michigan, Biden, Social Locations: Wilmington , Delaware, U.S, Michigan
This came after the Israeli military said it had struck a “terrorist cell operating a drone” in southern Lebanon after “numerous projectiles” were fired at northern Israel. Rockets fired from southern Lebanon are intercepted by Israel's Iron Dome air defence system over the Upper Galilee region in northern Israel. The killing came a day after Shukr, a senior Hezbollah leader died in an Israel airstrike on Lebanon’s capital Beirut. Israel’s military said it struck a Hamas military compound embedded in the schools. It came after an Israeli airstrike hit a tent camp inside a hospital in central Gaza earlier in the day.
Persons: Joe Biden, Jordan, Jalaa Marey, Ismail Haniyeh, Fuad Shukr, Haniyeh, Masoud Pezeshkian, Israel “, ” Israel, Shukr, , Menahem Kahana, Burcu Ozcelik, Mahmoud Zayyat Organizations: NBC News, Rockets, Israel's, Getty, Iran’s Foreign Ministry, Israel, Pentagon, Navy, Royal United Services Institute, NBC, Diplomats, Health Locations: Israel, Gaza, United States, Australia, France, Canada, South Korea, Saudi Arabia, Japan, Turkey, Lebanon, Beirut, Galilee, AFP, Iran, Tehran, Golan, Shams, Iraq, Syria, Yemen, U.S, Britain, Haniyeh’s, London, Lebanese, Sidon, Gaza City
The predawn killing of a top Hamas leader in Tehran on Wednesday left the entire Middle East on edge, bringing vows of revenge from Iran’s leaders and threatening to derail fragile negotiations for a Gaza cease-fire. The Hamas leader, Ismail Haniyeh, 62, a top negotiator in the cease-fire talks who had led the militant group’s political office in Qatar, was killed after he and other leaders of Iranian-backed militant groups had attended the inauguration of Iran’s new president. Israeli leaders would not confirm or deny whether their country was behind the brazen breach of Iran’s defenses. But Iranian leaders and Hamas officials immediately blamed Israel and vowed to avenge the death of Mr. Haniyeh, heightening fears of a broader regional war. Iran’s supreme leader, Ayatollah Ali Khamenei, issued an order for Iran to strike Israel directly, according to three Iranian officials briefed on the order.
Persons: Ismail Haniyeh, Israel, Haniyeh, heightening, Iran’s, Ayatollah Ali Khamenei Organizations: Wednesday Locations: Tehran, Gaza, Qatar, Iran, Israel
Before dawn on the day of the opening ceremony of the Paris Olympics, arsonists on Friday sabotaged three critical high-speed rail lines, stranding thousands of travelers, heightening security fears and blighting what President Emmanuel Macron hoped to be a moment of national glory. Around 4 a.m., the arsonists cut through and burned cables used for signaling and security near three rail divides, the French authorities said. The carefully placed strikes snarled end-of-week travel plans for more than a million people, including Parisians leaving for vacation and international travelers en route to the opening ceremony of the Games. Parts of the prized rail system came to a standstill. The Paris prosecutor’s office, which handles major organized crime cases, said it had opened an investigation into what it called criminal vandalism and criminal conspiracy.
Persons: arsonists, Emmanuel Macron Organizations: Paris Locations: Vergigny, Paris
California Rep. Mark Takano on Saturday publicly urged President Joe Biden to drop out of the race against former President Donald Trump, and instead allow Vice President Kamala Harris to helm the ticket. "President Biden's greatest accomplishment remains saving democracy in 2020. He can and must do so again in 2024 — by passing the torch to Vice President Harris as the Democratic Party Presidential nominee," Takano said in a statement. "As soon as we have the green light, we are going to be back out on the stump," Biden campaign spokesperson Michael Tyler told reporters Saturday morning. "We know which candidate in this election puts the American people first: our President, Joe Biden," she said.
Persons: Mark Takano, Joe Biden, Donald Trump, Kamala Harris, Takano, Biden's, Harris, Biden, Bill Clinton, Hillary Clinton, Michael Tyler, Tyler Organizations: Committee, Veterans ’ Affairs, Congressional Delegation, U.S, Capitol, California Rep, Democrat, Biden, Democratic Party Presidential, House Democratic, Democratic, Trump, Democratic Party, NBC News, White Locations: Washington , DC, Rehoboth Beach, Del, Massachusetts
When intelligence chiefs of the United States, Israel and Egypt went to Qatar on Wednesday for talks aimed at brokering a cease-fire in Gaza, there was more on the line than Israel’s war against Hamas. Hezbollah and Hamas are both allied with Iran in what they call “the axis of resistance,” a coalition that opposes Israel’s right to exist. Israeli forces and Hezbollah fighters in Lebanon, who are backed by Iran, have traded fire since the war in Gaza began after Hamas led an attack on Israel on Oct. 7. Israeli government officials and military leaders have in recent weeks toured northern Israel and met with troops stationed there who were preparing for a potential escalation. Whether efforts at de-escalating the conflict between Israel and Hezbollah can succeed may well depend on how the cease-fire talks in Qatar progress.
Persons: Hassan Nasrallah, , Mr, Nasrallah, Hezbollah’s, Abbas Salman, Yasser Nemr Qranbish, Bilal Hussein, , heightening, — Noa, Nir Baranes, Yoav Gallant, Lloyd J, Austin III, Israel ”, Meir Elran, al, Ansari Organizations: Hamas, Hezbollah, ., Associated, Ortal, Lebanese, U.S ., Tel Aviv University’s Institute for National Security Studies, Brig, Qatar’s Foreign Ministry Locations: United States, Israel, Egypt, Qatar, Gaza, Lebanon, Hezbollah, Iran, Syria, Beirut, Golan, Washington, Tel Aviv, France
Tonight, I’ll start by telling you the very latest, and then I’ll explain how six days turned politics upside down. We’re also looking at how Biden is fighting for his candidacy on the air. But I didn’t think it would take less than a week for American politics to turn wholly upside down. In just six days, President Biden’s bid for re-election plunged into crisis, so buffeted by doubt about his fitness to face former President Donald Trump in November that, according to a key ally, even the president himself is considering whether or not he can recover. With four months to go until the election, Biden isn’t running against Trump right now.
Persons: We’re, Biden, Biden’s, Donald Trump Organizations: Trump,
For many years, South Korean activists and North Korean defectors have sent balloons to the North, loaded with propaganda material criticizing dictator Kim Jong Un and USB sticks filled with K-pop songs and South Korean television shows – all strictly prohibited in the impoverished, highly isolated nation. Choi, co-founder of the Committee for Reforming and Opening North Korea, is among the North Korean defectors who have vowed to continue sending balloons to their homeland. The leaflets include declarations of freedom for the North Korean people, and propaganda messages against dictator Kim Jong Un. Charles Miller/CNNFitted with GPS trackers, the activists can monitor these next generation “smart” balloons in real time on journeys that often span hundreds of kilometers. Relations between the two countries thawed somewhat in 2017 and 2018, allowing some South Korean elements, including parts of its pop culture, to seep into the hermit nation.
Persons: Choi, Kim Jong, Kim Yo Jong, North, Yoonjung Seo, Kim Jong Un, Charles Miller, ” Choi, “ It’s, , ’ ”, Kim ramped, Vladimir Putin, Organizations: South Korea CNN, CNN, South, North, South Korean, North Korean, GPS, Workers ’ Party, Nations, Chiefs of Staff Locations: Seoul, South Korea, North Korea, South Korea’s, South Korean, Korean, Pyongyang, Korea, China, “ North Korea, North Korean, Japan, United States
New Delhi CNN —Nights are getting uncomfortably and dangerously hotter in India’s capital as people in the world’s most populous nation feel little respite from unrelenting temperatures. Northern India has endured a scorching summer — with one part of the capital of Delhi recording the country’s highest-ever temperature 49.9 degrees Celsius (121.8 degrees Fahrenheit) earlier this month. Bicycle rickshaw driver Sagar Mandal told CNN that he’s been getting fewer passengers because people opt for air-conditioned taxis over open-air transport. Outdoor workers like Nikhil Kumar find no respite as the heat lingers on even at night. Residents fill their containers with water supplied by a municipal tanker in New Delhi on 19 June, 2024.
Persons: Sagar, he’s, , , Nikhil Kumar, Esha Mitra, “ We’ve, Kalyani Saha, hasn’t, ” Saha, Saha, Money Sharma, Ajay Chauhan, Ram Manohar Lohiya, ” Chauhan, Chauhan, “ that’s, Sarita Kumari, ” Kumari Organizations: New, New Delhi CNN, Centre for Science, Environment, Sagar Mandal, CNN, Getty, Ministry of Health, NGO Centre, Health Development India Locations: New Delhi, Northern India, Delhi, United States, Mandal, Australian, Lajpat Nagar, India
In the contest of global narratives, China has sought to cast itself as a peaceful nation opposed to dividing the world into rival camps. In contrast, it has accused the United States of building alliances that will drive the world toward a new Cold War. Yet Russia and North Korea’s mutual defense treaty, which calls for the two countries to provide immediate military assistance to each other in the event of war, is exactly the kind of bloc-building that China has charged the United States with. China’s closest strategic partner and its only treaty ally — Russia and North Korea — are now the ones heightening the risk of Cold War-style confrontation in northeast Asia. The pact also creates more headaches for Beijing by appearing to deepen the semblance of a trilateral axis between China, Russia and North Korea, which China has sought to avoid.
Persons: , , Yun Sun Organizations: , Stimson Locations: China, United States, Russia, North, — Russia, North Korea, Asia, Beijing, “ Beijing, Washington
Hezbollah said on Tuesday that Israeli forces killed one of its commanders in a strike in southern Lebanon, stoking concerns about escalating the conflict on another Israeli front. But the group has not referred to a dead fighter as a “commander” since January, when Wissam Hassan al-Tawil, a commander in the group’s Radwan unit, was killed in a strike. The Israeli military did not immediately comment on the strike. On Tuesday, the Israeli military said that Hezbollah had fired about 50 rockets into Israel from southern Lebanon. Answering calls by Hamas to open a second front a day after its deadly assault on Israel, Hezbollah launched attacks into Israel on Oct. 8.
Persons: Taleb Abdallah, Abu Taleb, , Wissam Hassan, Abdallah’s, Benjamin Netanyahu, Hassan Nasrallah, Euan Ward, Matthew Mpoke Bigg Organizations: Tuesday, Israel, The United Nations Locations: Lebanon, Israel, Gaza, Iran,
Dollar steadies before inflation test; yen brushes off Tokyo CPI
  + stars: | 2024-05-31 | by ( ) www.cnbc.com   time to read: +4 min
The dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. The dollar index , which measures the currency against six major peers, consolidated around 104.82 after dipping as low as 104.63 overnight. Softer U.S. consumer price inflation data earlier in May rekindled rate cut expectations for this year, weakening the dollar across the board and setting it on track to post its first monthly losses in 2024. "All told, the Tokyo CPI leaves us confident that nationwide underlying inflation will fall below 2% as soon as July." Price data for the euro zone is due on Friday, following a stronger-than-expected April inflation reading for Germany on Wednesday.
Persons: John Williams, Matt Simpson, Index's Simpson, Marcel Thieliant, Sterling, bitcoin Organizations: Treasury, greenback, New York Fed, Index, PCE, Capital Economics, Japan's Ministry of Finance, Germany Locations: U.S, Tokyo, Asia
Bird Flu Has Infected a Third U.S. Farmworker
  + stars: | 2024-05-30 | by ( Apoorva Mandavilli | ) www.nytimes.com   time to read: 1 min
A third farmworker in the United States has been found to be infected with bird flu, heightening concerns about an outbreak among dairy cattle first identified in March. The worker is the first in this outbreak to have respiratory symptoms, including a cough, sore throat and watery eyes, which generally increase the likelihood of transmission to other people, federal officials said on Thursday. The other two people had only severe eye infections, possibly because of exposure to contaminated milk. All three individuals had direct exposure to dairy cows, and so far none has spread the virus to other people, Dr. Nirav Shah, principal deputy director of the Centers for Disease Control and Prevention, said at a news briefing.
Persons: Nirav Shah Organizations: Centers for Disease Control Locations: United States
Israeli forces retrieved the bodies of three Oct. 7 Hamas attack victims in an overnight operation in northern Gaza, the Israeli military said on Friday, further heightening fears for the fate of the remaining hostages held in Gaza. According to Rear Adm. Daniel Hagari, the Israeli military spokesman, all three were killed in the Hamas-led Oct. 7 attack, and Hamas militants brought their bodies back to Gaza. Over the past week, a total of seven bodies have been brought to back to Israel for burial after being retrieved by Israeli soldiers and intelligence officers. They included Shani Louk, Mr. Radoux’s partner, an Israeli-German dual citizen who became a symbol of the brutality of the Hamas attack. Most of the seven hostages brought back had not been publicly declared presumed dead by the Israeli authorities.
Persons: Hanan Yablonka, Michel Nisenbaum, Orion Hernandez Radoux, Daniel Hagari, , , Shani Louk Organizations: Hamas, Families Locations: Gaza, France, Mexico, Israel, Rafah
Israel-Hamas War and Gaza News: Latest Updates
  + stars: | 2024-05-23 | by ( Aaron Boxerman | ) www.nytimes.com   time to read: +4 min
Family members first saw the footage a few weeks ago via the Israeli military, which formally handed them a copy on Tuesday night, according to the Hostages and Missing Families Forum, which represents families of hostages held captive in Gaza. But hopes for immediate progress appeared remote in the shadow of Israel’s ongoing military operation in Rafah, in southern Gaza, from which over 800,000 Palestinians have fled, according to the United Nations. Image A still image from a video released by the Israeli military showing Israeli soldiers, all young women, during their abduction amid the Hamas-led attack on Oct. 7. Credit... Israeli forces operating in northern Gaza retrieved the bodies of four Israelis abducted on Oct. 7, heightening fears for the remaining captives. “The video is a damning testament to the nation’s failure to bring home the hostages, who have been forsaken for 229 days,” the Hostages and Missing Families Forum said in a statement.
Persons: “ I’m, ” Eli Albag, Liri, they’ve, , Benjamin Netanyahu’s, , Israel Katz, Nahal Oz, heightening, Naama Levy, Agam Berger, Liri Albag, Karina Ariev, Daniela Gilboa, Yoav Gallant, Benny Gantz, Gantz, Yair Lapid, Dmitriy Khavin, Alexander Cardia, Riley Mellen Organizations: Israel’s, United Nations, Families, Reuters, The New York Times Locations: Gaza, , Rafah, Ireland, Norway, Spain, Palestinian, Nahal, Palestine, Israel
Washington CNN —Rising US home prices are heightening the housing affordability crisis for Americans, especially first-time buyers. Housing affordability takes into account prices, household incomes and mortgage rates. Sales fell in April for the second month in a row as mortgage rates surged past 7%. Mortgage rates track the yield on the 10-year US Treasury note, which moves in anticipation of the Fed’s decisions on interest rates. Low housing affordability typically crimps demand.
Persons: it’s, , Lawrence Yun, Freddie Mac Organizations: Washington CNN —, National Association of Realtors, Global, NAR, Federal Reserve, Fed, Treasury Locations: San Diego, Chicago, Detroit, America,
Santo Domingo, Dominican Republic CNN —The Dominican Republic is days away from a general election that will see voters elect new lawmakers and the president as they weigh the nation’s economy and security. During his first term from 2020 to 2024, the Dominican Republic established a new record in the tourism industry, with more than 10 million tourists visiting the island in 2023. Former President of the Dominican Republic and presidential candidate of the People's Force party Leonel Fernandez greets supporters as he attends a closing campaign rally ahead of Sunday's election, in Santo Domingo, Dominican Republic, May 15, 2024. Martinez poses during an interview with EFE, in Santo Domingo, Dominican Republic, 13 May 2024. People wait in Ouanaminthe, Haiti to cross into Dajabon, Dominican Republic, Friday, May 17, 2024.
Persons: Santo Domingo, Dominican Republic CNN —, Luis Abinader, “ Abinader, , Bernardo Vega, Vega, National District Guillermo Moreno, Orlando Barria, Rosario Espinal, Abinader, Critics, Leonel Fernández, Fernandez, Leonel Fernandez, Henry Romero, , Abel Martínez, Martinez, EFE, Pablo Flores, Flores, Matias Delacroix, Ney Segura Organizations: Dominican Republic CNN, Caribbean nation’s, Modern Revolutionary Party, National Police, Bank, National District, Dominican Liberation Party, Dominican, People's Force, Reuters, Force, People, Quarterly, United Nations, Santo, country’s National, US State Department, World Bank Locations: Dominican Republic, Dominican, Santo Domingo, Haiti, Port, Santiago, Caribbean, Ouanaminthe, Dajabon
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Defense experts say that an aggressive Chinese coercion campaign, short of war but still threatening, is more likely than a full-scale invasion and the US needs to prepare for such an event. Economic and diplomatic pressure is notable, and Chinese misinformation operations and the potential to slowly set up a blockade of Taiwan are also concerns. Annabelle Chih/Getty ImagesThe report identifies four things key to resisting Chinese coercion. CM-11 tanks fire artillery during the 2-day live-fire drill, amid intensifying threats military from China, in Pingtung county, Taiwan, 7 September 2022.
Persons: , Han, Annabelle Chih, MANDY CHENG, Lai Ching, Lai, Ceng Shou Yi, John Aquilano, Xi, Aquilano, Carlos Del Toro, Frank Kendall Organizations: Service, Business, American Enterprise Institute, Institute for, Liberation Army, PLA, AEI, Cobra, Getty, Democratic Progressive Party, Taiwan, Getty Images, US, Pacific Command, US Armed Services, Air Force, Department of Defense Locations: Taiwan, China, Pingtung, US, Pacific, Hualien, AFP, Pingtung county, Guam, Japan
Washington — The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the suspected spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington. Media have said state-owned China Electronics Technology Group is a top military equipment supplier. China Electronics Technology Group could not immediately be reached for comment. The trade restriction list, known as the entity list, has been used aggressively by the United States to stem the flow of technology to China amid concerns Beijing could use it to bolster its military capabilities. Being added to the list makes it harder for US suppliers to ship to the targeted entities.
Persons: Washington —, Biden, Antony Blinken, , Army’s Organizations: The Commerce Department, China Electronics Technology Group, Media, China Electronics Technology, State, Commerce Department, PLA Locations: United States, Beijing, Washington, China, overreacting, Russia
Tesla is due to report earnings after the bell Tuesday, with Wall Street looking for any sign of a reprieve from this year's struggles. Here's the company's setup heading into the report, what analysts expect and which product updates analysts and investors are going to focus on. Big earnings drop expected For the first quarter, analysts polled by LSEG expect Tesla to report earnings of 51 cents per share, which represents a 39.8% year-over-year decline in earnings. Wells Fargo's Colin Langan maintained his underweight rating and cut his price target to $120 a share, citing poor fundamentals. Deutsche Bank's Emmanuel Rosner downgraded the stock to hold from buy and slashed his price target to $123 a share.
Persons: Tesla, Tom Narayan, Itay Michaeli, Wells Fargo's Colin Langan, Deutsche Bank's Emmanuel Rosner, Rosner, Morgan Stanley's Adam Jonas, Jonas, Elon Musk, Musk, America's John Murphy, Murphy, Deutsche Bank's Rosner, Levy Organizations: Management, RBC, LSEG, Citi, Deutsche, EV, Reuters, America's, Barclays, Tesla
Why It MattersThe Department of Veterans Affairs offers the majority of medical procedures known as gender-affirming care, including hormone therapy, prosthetics and hair removal. But veterans must seek surgeries outside of V.A. The National Center for Transgender Equality estimates there are more than 134,000 transgender veterans. survey of transgender and gender-nonconforming veterans conducted in 2022 and 2023, 78 percent of 6,600 respondents said they wanted gender-affirming surgeries. An exception is made when revising or treating complications from surgeries that were done outside the V.A.
Persons: Josie Caballero, Ms, Caballero Organizations: Department of Veterans Affairs, National Center for Transgender Locations: V.A
CNN —The fortuitous timing of having a series produced by and featuring newly minted Oscar-winner Robert Downey Jr. tumbles down a very strange rabbit hole in “The Sympathizer,” a darkly satirical look at the Vietnam War and its aftermath. Each episode begins with dated-looking credits that evoke the 1970s, a promising Quentin Tarantino-ish conceit that, given what follows, sets expectations too high. As constructed, it’s a rather heavy-handed approximation of the fate Vietnam experienced in the pull of the war, which doesn’t make the Captain’s increasingly surreal arc any more compelling. Strangelove,” assuming that was the intent, than a means of maximizing the star’s presence without really heightening its impact. “The Sympathizer” is hardly the first project to funnel the contradictions of the Vietnam War through an exaggerated lens (“Apocalypse Now” being a prime example), but except for a few bracing sequences the execution only clouds that vision.
Persons: Robert Downey Jr, Downey, can’t, Park Chan, , Don McKellar, Quentin Tarantino, Duy Nguyen, Fred Nguyen Khan, Peter Sellers, “ Dr, Strangelove, Sandra Oh, David Duchovny, Organizations: CNN, Viet Thanh, CIA, HBO, coy, Credit Downey, Warner Bros . Locations: Vietnam, Viet, Saigon, what’s,
Iran is operating a clandestine smuggling route across the Middle East, employing intelligence operatives, militants and criminal gangs, to deliver weapons to Palestinians in the Israeli-occupied West Bank, according to officials from the United States, Israel and Iran. The goal, as described by three Iranian officials, is to foment unrest against Israel by flooding the enclave with as many weapons as it can. The covert operation is now heightening concerns that Tehran is seeking to turn the West Bank into the next flashpoint in the long-simmering shadow war between Israel and Iran. Many weapons smuggled to the West Bank largely travel along two paths from Iran through Iraq, Syria, Lebanon, Jordan and Israel, the officials said. A key group in the operation, the Iranian officials and analysts said, are Bedouin smugglers who carry the weapons across the border from Jordan into Israel.
Organizations: West Bank Locations: Iran, United States, Israel, Tehran, Iraq, Syria, Lebanon, Jordan
[About 70% of investors now think a rate cut will occur in June, according to the CME FedWatch tool.] Goldman Sachs is currently predicting a 15% chance of recession over the next 12 months, down from 35% last year. Seeing that happen made us more confident that the Fed wouldn’t be forced to cause a recession in order to get inflation down. The reason we say 15% risk is because that is roughly the historical unconditional average. So a 15% recession rate is baseline for you, it will never go below that number?
Persons: Dow, Bell, David Mericle, Goldman Sachs, It’s, it’s, we’ve, I’m, Samantha Delouya, authority’s, ” United, Joe Biden Organizations: New, New York CNN, Federal Reserve, Dow Jones, Goldman Sachs ’, Bell, National Bureau of Economic, FAA, United, Federal Aviation Administration, United Airlines, United Boeing, , Federal Communications Commission, Program, Lawmakers, ACP, FCC Locations: New York, We’re, Medford , Oregon
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