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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both West Texas Intermediate and Brent futures retreated 4.63% during U.S. trading hours Tuesday, halting the red-hot rally oil prices have experienced the past week. The central bank's likely to make another half-point cut in November, Paul Bloxham, HSBC's chief economist for Australia and New Zealand, told CNBC. On the back of such turbulence, CNBC Pro asks two strategists whether now's the time to invest in China.
Persons: It's, Paul Bloxham, HSBC's Organizations: Central, CNBC, Technology, Nasdaq, Google, U.S . Department of Justice, U.S, The New York Times, West Texas Intermediate, Brent, Reserve Bank of New, CSI, CNBC Pro Locations: New York, United States, Jerusalem, Israel, Zealand, Reserve Bank of New Zealand, Australia, New Zealand, China
Biden has grown frustrated that Netanyahu appears to brush off his advice and recommendations, and to publicly reject his attempts at lowering regional temperatures. Biden last week made clear he expected to speak with Netanyahu ahead of any potential reprisal against Iran for its missile onslaught. Still, she acknowledged the significance of the conversation, the first between Biden and Netanyahu since August 21. Still, Biden was insistent that he speak to Netanyahu ahead of Israel’s next steps, believing it important to convey his views directly. The White House, which has declined to comment on those reports, has insisted the two men maintain a functional relationship.
Persons: Joe Biden, Benjamin Netanyahu, Israel’s, , Karine Jean, Pierre, Biden, Netanyahu, Donald Trump, Biden’s, Biden “, , unstick, Kamala Harris, Dana Bash, Hurricane Milton, Simon Harris, Still, Bob Woodward, ” Jean, Pierre said Organizations: CNN, Wednesday, , Hurricane Locations: Iranian, Lebanon, Iran, Israel, Beirut, , Gaza, New York, Gaza . Irish, Washington, Ireland, Israel’s
Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.
Persons: Vivienne Marran, , Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, , Holly Speckhart, Julio Cortez, , Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, , “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach
No matter who voters choose, whether it is former President Donald Trump or Vice President Kamala Harris , Liwag doesn't expect a meaningful shake-up in the outlook for defense stocks. Still, the analyst notes that even cases where an administration cuts defense spending, stocks can still carve out gains. During the Obama administration, the defense budget fell 3.3%, but defense stocks gained 2.1%. The defense stocks Morgan Stanley covers have outperformed the S & P 500 since Russia's invasion of Ukraine, Liwag said. "Historically, the conventional wisdom has been that Republicans are positive for defense spending and defense stocks, while Democrats are negative," Harned said.
Persons: Bernstein, Douglas Harned, Lockheed Martin, Morgan Stanley, Kristine Liwag, Donald Trump, Kamala Harris, Liwag, Bernstein's Harned, Harned, Harris, Wolfe Research's, Tobin Marcus, Marcus, Ronald Epstein, Epstein, Trump, Northrop, Obama, Northrop Grumman, Morgan Stanley's, Michael Ciarmoli, Truist, Leonardo Organizations: P Aerospace, Defense, Industry, L3Harris Technologies, Lockheed, CNBC, " Bank of America, Democratic, Senate, Republican, U.S . House, Trump White House, Republican Senate, Trump, Abrams, Space Force, Northrop Grumman, General Dynamics, Hamas, Dynamics, Northrop, Gulfstream, Leonardo DRS, Moog, Republicans Locations: Ukraine, U.S, Russia, Crimea, Iran, Israel
CNN —Air France has opened an investigation into how a jet flying from Paris to Dubai went over Iraq as Iranian missiles fired at Israel crossed the same airspace, the airline said Wednesday. The missiles had to pass through Iraq’s airspace to reach Israel. Air France Flight AF662 was flying over Iraq when the Iranian attack began at around 4:45 p.m. UTC (11.45 a.m. “Thanks to the information we gathered we were able to identify a forthcoming attack on Israel by Iran, involving the launch of ballistic missiles,” Air France said. “As a result, and without waiting for instructions from the Iraqi authorities, Air France decided to suspend the overflight of the country’s airspace by its aircraft from 5 p.m. UTC [12 p.m.
Persons: Hassan Nasrallah, AF662, , Benjamin Netanyahu Organizations: CNN — Air, Israel, Air, CNN, ” Air, “ Air France, Air France Locations: CNN — Air France, Paris, Dubai, Iraq, Iranian, Israel, Iran, Lebanon, ” Air France, Air France, Tehran
Seoul, South Korea CNN —North Korea’s army said it will take the “substantial military step” of completely cutting off its territory from South Korea on Wednesday, after months of fortifying its heavily armed border. Since January, Pyongyang has fortified its border defenses, laying land mines, building anti-tank traps and removing railway infrastructure, according to the South Korean military. Over the past year, a US aircraft carrier, amphibious assault ships, long-range bombers and submarines have visited South Korea, drawing angry rebukes from Pyongyang. “North Korea’s threats, both real and rhetorical, reflect the regime survival strategy of a hereditary dictatorship.”North and South Korea have been separated since the Korean War ended in 1953 with an armistice agreement. In January, Kim said North Korea would no longer seek reconciliation and reunification with South Korea, calling inter-Korean relations “a relationship between two hostile countries and two belligerents at war,” KCNA reported at the time.
Persons: Kim Jong, Kim, , Hong Min, ” Hong, Yoon Suk Yeol, Leif, Eric Easley, “ Kim Jong Un, ” Easley, ” KCNA Organizations: South Korea CNN, North, South, DPRK, Staff, Korean People’s Army, Democratic People’s, South Korean, General Staff, US, Korea’s, Chiefs, Korea Institute for National Unification, CNN, Inter, Korean, Armed Forces, Ewha Womans University, North Korean, United Nations Command Locations: Seoul, South Korea, North Korea, Democratic People’s Republic of Korea, Pyongyang, Hong, Russia, West
After Iran launched approximately 200 ballistic missiles at Israel last week, U.S. military officials discussed options for joining Israel in its retaliation against Iran, according to two U.S. officials familiar with the discussions. The U.S. has long supported Israel with intelligence and that support could continue during Israel’s retaliatory strikes against Iran, the two officials said. Senior U.S. military officials have also discussed conducting very limited strikes against Iranian targets, the two officials said. Strikes inside Iran have been discussed, as have strikes on targets outside Iran, though strikes of any kind are less likely than intelligence sharing, the officials said. And U.S. officials say Israel has made it clear that it is not ruling out a response during the Yom Kippur holiday this week.
Persons: Lloyd Austin, Yoav Gallant, Israel, Gallant, Austin, Hassan Nasrallah, Benjamin Netanyahu, Washington . Austin, Nasrallah, Pat Ryder, ” Ryder, “ We’ve, , Michael “ Erik ” Kurilla Organizations: Defense, Israeli, U.S, Austin, Israel, Senior U.S, Islamic Revolutionary Guards Corps, Iran, Pentagon, United Nations General Assembly, , ” Senior U.S, U.S . Central Command Locations: United States, Iran, Washington, Israel, U.S, Yemen, Syria, Iraq, Beirut, New York, Washington .
North Korean leader Kim Jong Un said his country will speed up steps toward becoming a military superpower with nuclear weapons and would not rule out using them if it came under enemy attack, state news agency KCNA reported Tuesday. This does not preclude the use of nuclear weapons.”“Our footsteps towards becoming a military superpower and a nuclear power will accelerate,” he added. North Korea has for decades pursued a nuclear weapons program and is believed to have enough fissile materials to build dozens of the weapons. It has conducted six underground nuclear detonation tests. Last week, South Korea marked an annual armed forces day with a large military parade showcasing a ballistic missile capable of carrying a massive warhead and featuring a flypast of a U.S. strategic bomber.
Persons: Kim Jong Un, KCNA, Kim, Yoon Suk, “ Yoon Suk Yeol, ” KCNA, , Kim Jong Organizations: South, Republic, U.S, Kim Jong Un National Defense University Locations: Seoul, colluding, Washington, South Korea, North Korea, U.S
Speaking at the Cipher Brief security conference in Sea Island, Georgia, Burns said Iran has advanced its nuclear program by stockpiling uranium enriched to near weapons-grade levels. CIA Director William Burns during a hearing of the House (Select) Intelligence Committee in Washington, D.C., on March 12, 2024. Iran has developed the “means of delivery” for a potential nuclear weapon by building up its missile arsenal, he said. The JCPOA imposed strict limits on Tehran’s nuclear program while easing economic sanctions on the country. Estimates vary as to how much time it would take Iran to build a viable nuclear weapon once it has acquired enough fissile material.
Persons: William Burns, Burns, Anna Moneymaker, ” Burns, Ayatollah Ali Khamenei, Donald Trump, , , , Israel Organizations: CIA, Intelligence, Washington , D.C, Iran’s Locations: Iran, U.S, Iranian, Sea Island , Georgia, Washington ,, Tehran “, Lebanon, Israel, Gaza, United States, Russia
In 2022, oil flow in the Strait of Hormuz averaged 21 million barrels per day, according to the U.S. Energy Information Administration (EIA). Saul Kavonic, senior research analyst at MST Financial, said supply disruptions along the Strait of Hormuz could send oil prices significantly higher. Oil prices traded more than 3% on Monday, extending gains even after notching their sharpest weekly gain since early 2023 last week. "But seeing where the oil price sits right now the market doesn't seem to hold much probability for such a development at all," he added. "A significant disruption to these flows would be enough to push oil prices to new record highs, surpassing the record high of close to $150/bbl in 2008," he added.
Persons: Alan Gelder, Wood Mackenzie, CNBC's, Iraq —, Gelder, Saul Kavonic, Kavonic, Bjarne Schieldrop, SEB, Brent, Schieldrop, Warren Patterson, Patterson Organizations: Nurphoto, U.S . Energy Information Administration, Energy, Brent, U.S, West Texas, ING, bbl, United Arab Emirates, Space Shuttle Columbia Locations: Persian, Bushehr, Iran, Hormuz, Oman, Strait, Israel, Saudi Arabia, Kuwait, Iraq, UAE, Gulf, Muscat
The 9 Elements of a Trump Rally
  + stars: | 2024-10-08 | by ( Ian Prasad Philbrick | Ashley Wu | ) www.nytimes.com   time to read: +89 min
We have some voters, they’re for us, but they’ve never voted and they’re going to want to vote. There’s something wrong with Kamala and I just don’t know what it is, but there is definitely something missing. They’re going to get him in Florida.” It was always… That seemed to be the documents case. That’s great. They’re great.
Persons: there’s, I’m, It’s, Joe Biden, Kamala Harris, , Trump, we’re, would’ve, Tim Walz, Biden, I’d, Rasmussen, We’re, David, they’re, they’ve, They’ll, You’re, “ You’ll, haven’t, she’s, everyone, David McCormick, Bob Casey, David’s, everybody’s, , we’d, Kamala, Oprah, doesn’t, I’ve, we’ve, Joe, Rachel Morin, who’s, that’s, Kamala let, … She’s, can’t, it’s, he’s, He’s, Wall, must’ve, ’ Kamala, Lyin, She’s, Donald Trump, “ I’m, Barack Hussein Obama, , Obama, Hunter, Uncle Sam, Crooked Joe Biden, document’s, Sam, bah, what’s, David Muir, “ We’re, They’re, won’t, Mike Kelly, Kelly, Mike, Lyin ’ Kamala Harris, El Salvador, you’ve, he’ll, “ You’re, Donald, don’t, Don’t, Crazy Nancy Pelosi, Nancy Pelosi, Billy Graham, Franklin, “ Gee, Lyin ’ Kamala, Elon, Tesla, you’re, God, Sean O’Brien, I’ll, That’s, “ Donald Trump, Alphonse Capone, Alphonse, “ They’re, they’ll, Let’s, should’ve, Emerson, ” David, Dave McCormick, Dave, He’ll, Nick Langworthy, Nick, JD Longo, JD, we’ll, Corey, “ I’ve, Butler, Nobody, Tom, didn’t, Cory, Trumper, There’s, We’ve, “ Kamala, Go, San Francisco Kamala, Ronald Reagan couldn’t, Shawn Fain, It’ll, anybody’s, We’ll, Crooked Joe Organizations: Trump Republicans, Alabama, NFL, United, Democrat, Commonwealth, CPA, Border Patrol, Covid, ISIS, Space Force, Visa, Justice Department, National Guard, Green, Deal, Teamsters, of Police, New York Times, , Nassau Coliseum, Slippery Rock, ICE, California, we’ll, Trump Reciprocal Trade, teamsters, US Steel, of Education, Black Colleges, Universities, Trump, Washington DC, America Locations: Pennsylvania, Commonwealth, Florida , Georgia, Alabama , Tennessee, Western North Carolina, Delaware, San Francisco, Erie , Pennsylvania, Alabama, Georgia, Wisconsin, United Nations, Iran, Erie County, Mexico, Tijuana, America, South America, Congo, Africa, United States, Asia, Yemen, California, Hollywood, Let’s, North Carolina, Russia, McDonald’s, New York, Ohio, Michigan, . Pennsylvania, Charleroi, Charleroi , Pennsylvania, … Charleroi, Harris, El, West Virginia, , China, Iowa, Philadelphia, Detroit, Atlanta, Florida, United States of America, Pennsylvania , Arizona , Wisconsin, Arizona, Slippery, Butler, That’s, San, Saudi Arabia, Japan, Ukraine, Washington
Iran fired hundreds of ballistic missiles and drones at Israel in retaliation for an attack on an Iranian diplomatic facility in Syria. The global economy is entering a "dangerous time" like never before as Middle East tensions remain elevated, said S&P Global's vice chairman Daniel Yergin. When asked if the global economy is on the precipice of another supply shock resulting from Middle East tensions, Yergin said it's a precarious time for markets. "The betting is that the Israelis would not attack, try to attack, the nuclear facilities at this time. It is a strategically important waterway linking crude producers in the Middle East with key markets across the world.
Persons: Yergin, CNBC's, Joe Biden, Daniel Yergin, it's, , Pavel Molchanov, Raymond James, Iran's Organizations: White House, Cuban Missile, Iran Watch, Wisconsin, U.S . Energy Information Administration Locations: Iran, Israel, Iranian, Syria, China, Hormuz, Oman
An oil pumpjack (L) operates as another (R) stands idle in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that the Middle East could be on the brink of a region-wide war. Israel has sworn to retaliate and is weighing its options, with Iran's oil facilities considered a possible target. However, some analysts believe that an attack on Iranian oil infrastructure is unlikely and have warned that oil prices could face considerable downward pressure if Israel focuses on any other target. U.S. crude oil inventories are expected to rise by 1.9 million barrels in the week ended Oct. 4, according to a preliminary Reuters poll.
Persons: Israel, Hurricane Milton Organizations: Inglewood Oil Field, . West Texas, Organization of Petroleum, ANZ Bank, American Petroleum Institute, Energy, Administration Locations: Inglewood, Los Angeles , California, Middle, Iran, Haifa, Israel, Lebanon, Gaza, Hurricane, Florida, U.S . Gulf of Mexico, .
Anna Maria Island, Florida CNN —Carol Whitmore couldn’t pack her big SUV to leave this barrier island as Hurricane Milton aimed Tuesday for Florida’s west coast with already-historic fury. Hurricane Helene took it two weeks ago. Still, for a while in Helene, Whitmore was cut off. Storm damage from Hurricane Helene sits Tuesday in a True Value store on Anna Maria Island, Florida. A lot of people going through a lot worse.”Dune sand pushed inland by Hurricane Helene sits Tuesday on streets on Anna Maria Island in Manatee County, Florida.
Persons: Anna Maria, Florida CNN — Carol Whitmore couldn’t, Milton, Helene, Whitmore, Maddie, , , ” Whitmore, Jane Castor, Holmes, Bill Tokajer, Jake Keglor, ” Keglor, Keglor, who’d, Angel –, Hurricane Helene, Paul Murphy, CNN “ We’ve, Greg Mullis, Gandy, “ We’ve, Dan Whelan, , Marie Saveikis, “ I’m, it’s, Anna Maria Island, Skip, Annie Radick, Annie, ” Skip, Tokajer, , “ We’re, Helene … “, You’ve, “ It’s, he’d, ” CNN’s Paul P, Murphy, Michelle Krupa, Leigh Waldman Organizations: Florida CNN, Social, CNN, College H.U.N.K.S, Holmes Beach, National Weather Service Locations: Anna Maria Island, Florida, Florida’s, Helene, Manatee County, Orlando, Mexico, Tampa, Seminole, St . Petersburg, Hurricane, Anna Maria Island , Florida, Pinellas County, Milton, Clearwater, Anna Maria Island , Montana, Anna, Manatee County , Florida, Atlanta
CNN —Palestinians fleeing sites of Israel’s renewed military operation in northern Gaza are being shot at as they evacuate, according to residents there and footage shared with CNN documenting their journey. “Drones were firing at everyone passing by on the road,” Sultan told CNN. Al Ahli Hospital in Gaza City later identified her as 9-year-old Dana Nasser, and told CNN she must be admitted to surgery. The Israeli military on Monday issued fresh evacuation orders in both northern and southern Gaza, where tens of thousands of Palestinians have been sheltering. Flyers were dropped by the Israeli military over Jabalya Tuesday morning, “urgently” warning residents to “evacuate immediately,” residents told CNN.
Persons: Mohammad Sultan, ” Sultan, Sultan, Dana Nasser, Al Mawasi, , ’ Hassan Hamad, Itaf, Hamad, Mahmoud, , Mohammad Ibrahim, ” Ibrahim, Ibrahim, Jabalya Organizations: CNN, Israel Defense Forces, Flyers, Mahmoud ssa, Anadolu, Getty, Residents Locations: Gaza, Jabalya, Abu, Ahli, Gaza City, Hassan
Ukraine has asked for both systems repeatedly, another source familiar with their requests said. Cavoli’s list does not address why the US hasn’t provided systems that he assesses would be of value. Nearly three years into the war, the Ukrainians are still pleading with the US to provide more advanced weaponry and lift restrictions on how long-range missile systems provided by the US can be used. Biden, who has to date prohibited the Ukrainians from deploying the missile systems for deep strikes into Russia, was not entirely dismissive of the request, the sources said. Officials also argue that that the US’ limited supply of long-range ATACMS systems are better used against targets in Crimea.
Persons: Biden, Chris Cavoli, Volodymyr Zelensky, Joe Biden, Zelensky, “ Trump, Donald Trump, Vladimir Putin, Putin “, Bill Burns Organizations: CNN, NATO, Biden, Joint, US, White House, Ukraine Defense Contact Group, Pentagon, Kremlin, CIA Locations: Europe, Ukraine, Russia, Ukrainian, Zelensky’s, Germany, Crimea, Sea Island , Georgia
Experts told BI that Israel still lacks a long-term strategic vision on how to end the war. But while Israel may have military superiority in the region, it lacks a clear, long-term strategic vision to end conflict in the Middle East, according to security experts. It's clear the Israel Defense Forces have achieved a series of tactical gains in recent weeks, but they still lack a clear military strategy, security analysts told Business Insider. "Neither outcome achieves Israel's security objectives, which would represent a defeat for the IDF and could threaten the survival of Israeli Prime Minister Benjamin Netanyahu's government," Pfaff said. The problem may be that Israel's security doctrine has long been based on short wars.
Persons: Israel, , Burcu, Benjamin Netanyahu, Bashir Abbas, Chris Doyle, Doyle, They're, Anthony Pfaff, Pfaff, Benjamin Netanyahu's, " Pfaff, Moody's, Will, Edmund Fitton, Brown, Donald Trump, Netanyahu, Kamala Harris, Daniel Hoffman Organizations: Service, Israel Defense Forces, Middle East Security, Royal United Services Institute, Israel's, Stimson Center, Council, Strategic Studies, US Army War College, Guardian, of Israel, CNN, Counter, CIA, Fox Business Locations: Iran, Lebanon, Gaza, Iraq, Syria, Israel, Beirut, British, Moody's Israel
Creating a 'Hellscape'Drones could be deployed by China to swarm over Taiwan and guide high-precision missile strikes, experts told Business Insider. Numbers countBut countering China's drone capability is in part a numbers game, and this is where Taiwan and the US currently fall short. When combined with other Chinese drone companies, that share goes up to well above 80%, it said. AdvertisementThis method would be vital for tracking and disabling some of the smaller drones China might use in an attack on Taiwan, said Pettyjohn. Advertisement"Currently the US and Taiwan do not have sufficient air defenses and CUAS [counter drone] systems to deal with the Chinese drone threat," she said.
Persons: , it's, China's, Adm, Samuel Paparo, Paparo, Stacie Pettyjohn, Xi Jinping, he'd, Zak Kallenborn, Ercin, Teng Yun, Pettyjohn, Weeks, John Aquilino, Sean Gallup, Kallenborn, We've Organizations: Service, Pacific Command, Washington, People's Liberation Army, Center, New, New American Security, Anadolu Agency, Getty, Financial Times, The New York Times, US Army, Armed Services Committee, Institute for Economics, Peace Locations: China, Taiwan, Taiwan Strait, New American, US, Ukrainian, Philadelphia, Ukraine, United States, Pettyjohn
Playing on a local team at the municipal stadium in Khan Younis, southern Gaza, he envisioned a future “like Ronaldo.” He was 13. He stays indoors watching a constant stream of “Captain Majid,” a cartoon series about a young soccer player with dreams of playing in the World Cup. Osama Muhammad Abu Mustafa in Khan Younis in southern Gaza in September. NBC NewsOsama is one of hundreds of thousands of children whose lives have been shattered during Israel’s yearlong military offensive in Gaza, which has brought on a humanitarian catastrophe. Young people are especially vulnerable to disease and other health ailments ripping through Gaza.
Persons: Osama Muhammad Abu Mustafa, Khan Younis, Ronaldo, , , ” Osama, Osama, Captain Majid, Israel’s, government’s Organizations: NBC News, NBC Locations: Khan, Gaza, Israel
CNN —Anti-Kremlin Russian activist Ildar Dadin has been killed while fighting for Ukraine in Kharkiv, according to his friend and Russian independent media. Dadin was once jailed in Russia for repeatedly protesting the government of Russian President Vladimir Putin, in a series of peaceful street demonstrations. He was the first person to be convicted under a 2014 law that cracked down on public assembly and protests in Russia, according to Amnesty International. Ukraine said it shot down 32 Russian drones and two missiles overnight and on Monday morning. Meanwhile, the General Staff of Ukraine reported that it successfully struck an offshore oil terminal in Russian-occupied Crimea, near the city of Feodosia.
Persons: Ildar Dadin, Dadin, Vladimir Putin, , Ilya Ponomarev, “ Ildar, Putinism, ” Ponomarev, , , Serhiy Popko, Igor Tkachenko, CNN’s Nathan Hodge Organizations: CNN, Kremlin, Ukraine, Amnesty International, Siberian Battalion, of Russia Legion, Russia Legion, Staff Locations: Kremlin Russian, Kharkiv, Russia, Russian, Ukraine, Donetsk, Kherson, Sumy, Kyiv, Crimea, Feodosia
Ukraine shared footage of what it claims was a cheap drone destroying Russian air defense equipment. It said the Russian system was worth $10 million, while the drone cost a few hundred dollars. Ukraine has used drones to take out advanced Russian military gear since the start of the war. AdvertisementNew footage shared by Ukraine shows the apparent destruction of a $10 million Russian air defense system using a cheap drone. Ukrainian President Volodymyr Zelenskyy said last week that Ukraine's defense companies can now produce 4 million drones a year.
Persons: , GUR, Volodymyr Zelenskyy Organizations: Service, Osa Locations: Ukraine, Russian, Russia, Europe
The terror attack has helped push the Middle East to the brink of a wider regional war. One year after the massacre, the Middle East has only plunged deeper into violence and is on the brink of a broader war. Globally, the immediate concern is that oil supplies will diminish significantly should conflict spill over to the rest of the Middle East. Everyone but Biden can see this," wrote Andrew Exum, a former US deputy assistant secretary of defense for Middle East policy, in The Atlantic last week. The global economy on edgeWhen the conflict began a year ago, there were fears that wider conflict in the Middle East could impact the global economy.
Persons: , Israel, Chuck Frielich, Frielich, Yemen's Houthi, Mohammed Hamoud, barraged, Ammar Safarjalani, Ismail Haniyeh, Haniyeh, Fuad Shukr, Hasan Nasrallah, Qasem Soleimani, JOSEPH EID, JALAA MAREY, Nasrallah, bode, Benjamin Netanyahu, Carmel Gat, Netanyahu, Joe Biden, Biden, Andrew Exum, Brent, Vladimir Putin Organizations: Service, Israel Defense Forces, Hamas, Iranian Revolutionary Guard Corps, The Washington Institute for Near East, Getty Images Iran, Getty, Israel's, United Nations General Assembly, Citigroup, Iranian, US, Middle, Business, Bank of Israel, Reuters, IMF Locations: Israel, Iran, Gaza, Suez, Aden, Red, Palestine, Syria, Damascus, Xinhua, Tehran, Beirut, Haniyeh, Shukr, Lebanon, AFP, Hezbollah's, United States, Ukraine
As with Gaza, US officials say Israel was initially planning for a much larger ground incursion into Lebanon before the US convinced it to scale back. ‘The right moment’ for diplomacyThe US still wants to see Lebanon ceasefire talks resume, officials said, and US officials continue to believe that the conflict can only be resolved diplomatically. Nasrallah and other members of Hezbollah’s senior leadership are now dead as a result of Israel’s operations in Lebanon. Earlier in the day, a reluctant Biden told reporters he’d be “comfortable with [Israel] stopping” the campaign in Lebanon that risked further inflaming the region. Behind closed doors, sources say, Biden offered reluctant support for eliminating Hezbollah infrastructure along Israel’s border and in southern Lebanon, as long as Israel’s operations remained limited in nature.
Persons: Israel upended, Benjamin Netanyahu’s, Biden, Israel, Matthew Miller, that’s, Joe Biden, ” Alon Pinkas, Yoav Gallant, Lloyd Austin, Gallant, Pinkas, ” Pinkas, Netanyahu, Hassan Nasrallah, ” Gallant, , “ We’re, Karine Jean, Pierre, , Nasrallah, Austin, , “ What’s, Antony Blinken, CQ Brown, National Intelligence Avril Haines –, he’d, hasn’t, ” Maj, Patrick Ryder, ” Israel, Ryder, Miller, CNN’s MJ Lee, Alex Marquardt Organizations: CNN, Biden, White House, Hamas, , ” Senior, US, Israeli, Israel, Iran, Joint Chiefs, National Intelligence, Pentagon, State Department Locations: Lebanon, Iran, Gaza, Israel, France, , Washington, Israeli, New York, Beirut, Lebanese, , Austin, Beirut’s
Market volatility will likely increase from here as the race for the White House enters its final weeks, according to Wolfe Research. Technical strategist Rob Ginsberg tracked the average move of the CBOE Volatility Index (VIX) during a presidential election year. With momentum rolling over and several sectors seeing healthy pullbacks of late ... we feel the S & P is overdue for another 3 – 4% correction." To be sure, any troubles in the market into Election Day would mark a turn after an unusually strong year. Notably, Bespoke Investment Group found the S & P 500 notched its largest gain over the first nine months of a year since 1997.
Persons: Brace, Rob Ginsberg, bode, Ginsberg, What's Organizations: White, Wolfe Research, Traders, Nasdaq, Dow Jones, Investment, Carson Group Locations: Israel
U.S. crude oil rose about 2% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran's oil industry in retaliation for Tehran's ballistic missile attack. The impact on the oil market would be significant if Israel struck Kharg Island, through which 90% of Iran's crude exports pass, Croft said. The worst-case scenario is a disruption in the Strait of Hormuz, through which 20% of the world's crude exports flow, Gelder said. Iran might target the strait in response to an Israeli strike, which would have a far more dramatic effect on crude prices, the analyst said.
Persons: Israel, Joe Biden, Biden, Helima Croft, Croft, CNBC's, Alan Gelder, Wood Mackenzie, Gelder Organizations: Texas Intermediate, Brent, RBC Capital Markets Locations: Israel, Iran, U.S, Kharg, Wood, Strait, Hormuz
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