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☆ South Korea: Flying aboard the AC-130J Ghostrider, carrying America’s biggest gun in the sky
▼ + stars: | 2024-07-09 | by ( Brad Lendon | Mike Valerio | ) edition.cnn.com time to read: +8 min

AC-130 gunners Joe Gipson (back) and Isaac Dowell tend the 105mm cannon aboard a US Air Force AC-130J during a live-fire exercise over South Korea. A 105mm howitzer is seen at the rear of a US Air Force AC-130J at Osan Air Base, South Korea, in early June 2024. ‘Spooky’ historyUS Air Force gunships trace their lineage back to the Vietnam War, when the service set up 7.62 mm guns to fire out one side of a C-47 transport aircraft. With the AC-130J model, introduced in 2017, the Air Force removed the machine guns in favor of the more precision-guided munitions. The AC-130’s crew acknowledges the dangers of ground fire to their aircraft, and some analysts question its usefulness in any potential conflict with North Korea.

Persons: Ghostrider, Joe Gipson, Isaac Dowell, Brad Lendon, John Ikenberry, Kim Jong Un, ” Ikenberry, Heath Curtis, Mike Valerio, Curtis, ”, Justin Burris, Peter Layton, Layton, Maj, Christopher Mesnard, CNN’s Yoonjung Seo, Gawon Bae Organizations: Korean Peninsula CNN, US Air Force AC, CNN, Air Force Special Operations Command, US Air Force, Osan Air Base, South, Air Force, National Museum of, Operation, US, Griffith Asia Institute, Royal Australian Air Force, Operations Command Locations: Hurlburt Field, Florida, South Korea, Seoul, North Korea, Washington, Korea, Maj, New Mexico, United States, Vietnam, Asia, Grenada, Panama, Somalia, Iraq, Afghanistan, Kunduz, Iraqi, Persian, Khafji, Saudi Arabia, Korean, Australia, Operations Command Korea

☆ Political Gridlock Will Raise the Economic Stakes in France
▼ + stars: | 2024-07-09 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

One thing was clear after France’s surprise election results on Sunday: Any new government formed by President Emmanuel Macron would face months of political paralysis. What’s less certain is whether that gridlock will tip France’s heavily indebted economy further into distress. “Uncertainty hangs over France’s future government architecture,” said the agency, which had already downgraded France’s debt rating on May 31, rattling the government, whose economic credibility has been one of its main political assets. Should the polarization of France’s new Parliament weaken the government’s ability to mend its finances, France’s debt could be downgraded again, it added. The result left no party — including Mr. Macron’s centrist coalition — with a majority and has splintered the lower house of Parliament into three bitterly antagonistic blocs.

Persons: Emmanuel Macron, ” Organizations: Rally Locations: France

Washington CNN —President Joe Biden on Tuesday announced plans to supply new air defenses to Ukraine in a speech opening the NATO summit – providing much-needed support for the country at a critical juncture in its defense against Russia’s invasion. Meanwhile, Italy would also provide a SAMP-T long-range air defense system. In addition to the long-range aerial defense systems, the US and other countries are also providing Ukraine with “dozens” of short- and medium-range systems to help Kyiv intercept Russian drones and missiles. Ukrainian President Volodymyr Zelensky said he would fight for “decisive actions” from the United States and Europe to help Ukraine. “All we allies knew before this war Putin thought NATO would break,” Biden said.

Persons: Joe Biden, Biden, ” Biden, ”, Volodymyr Zelensky, ” Zelensky, Zelensky, Donald Trump, Trump, Bill Clinton, –, Putin, Jens Stoltenberg, Biden’s, Stoltenberg Organizations: Washington CNN, NATO, Patriot, US, HAWKs, IRIS, Ukraine, United, Mellon, Treaty, “ Locations: Ukraine, Germany, Romania, Netherlands, Italy, United States, Israel, Russian, Canada, Norway, Spain, Europe, “, Russia, –

☆ Zelensky arrives in Washington for NATO summit with support for Ukraine’s war effort top of the agenda
▼ + stars: | 2024-07-09 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +5 min

CNN —Ukrainian President Volodymyr Zelensky arrived in Washington, DC, as the high-stakes NATO summit prepared to kick off – and providing longtime long-term support for Ukraine in the war against Russia is at the top of the agenda. Ukrainian officials said the timing of Moscow’s assault – a day before the start of the summit – was calculated. However, Ukrainian officials want to see that policy expanded further to allow strikes against Russian military targets anywhere in Russian territory. “We want the lifting of any sort of limitations on the weapons Ukraine is receiving,” Stefanchuk said at an event in Washington on Monday. The European diplomat said there have been “deep and frank conversations” with Ukrainian officials.

Persons: Volodymyr Zelensky, Joe Biden, Donald Trump, Biden’s, Zelensky, Putin, Ruslan Stefanchuk, Ukraine –, ” Zelensky, ”, Biden, ” Stefanchuk, Andriy Yermak, “, “ I’ll Organizations: CNN, NATO, Ukraine, Kyiv, Russian, National Security, Biden Locations: Washington ,, Russia, Ukrainian, Ukraine, ”, European, Russian, Washington, Vilnius, Wiesbaden

On Today’s Episode:U.S. Officials Say Russia Is Unlikely to Take Much More Ukrainian Territory, by Julian E. Barnes and Eric SchmittBiden Says He Is ‘Firmly Committed’ to Staying in the Race, by Michael D. ShearParkinson’s Expert Visited the White House Eight Times in Eight Months, by Emily Baumgaertner and Peter BakerFollowing Trump’s Lead, Republicans Adopt Platform That Softens Stance on Abortion, by Maggie Haberman, Shane Goldmacher and Jonathan Swan

Persons: Julian E, Barnes, Eric Schmitt Biden, ‘, ’, Michael D, Emily Baumgaertner, Peter Baker, Maggie Haberman, Shane Goldmacher, Jonathan Swan Organizations: Officials Locations: Ukrainian Territory

☆ At the NATO Summit, Attention Is on Biden
▼ + stars: | 2024-07-09 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

NATO leaders gathered in Washington today for a summit organized to celebrate the alliance’s 75th anniversary and emphasize the members’ long-term commitment. Western leaders believe that their efforts in Ukraine are working. President Biden, who is perhaps NATO’s most vocal advocate in Washington, has faced intense scrutiny about his age, acuity and ability to campaign after his disastrous debate performance last month. Biden encouraged voters to watch him closely and judge his ability to lead on the world stage for themselves. On Thursday, at the end of the summit, the president is scheduled to hold a news conference — his first full, solo face-off with reporters in the U.S. since November 2022.

Persons: Biden Organizations: NATO Locations: Washington, Russia, Ukraine, U.S

☆ European markets head for mixed open as France's uncertain political outlook weighs on sentiment
▼ + stars: | 2024-07-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

People gather to celebrate the victory of the left-wing union after the partial results of the second round of the French parliamentary elections in Paris, France on July 07, 2024. LONDON — European stocks are expected to open in mixed territory Tuesday as investors in the region weigh up political uncertainty in France after Sunday's election result. European markets are digesting the prospect of a prolonged period of political uncertainty in France as it confronts a hung parliament following Sunday's parliamentary election result. The left-wing New Popular Front won the largest number of seats in the final round of voting, scuppering an expected surge for the far-right. The alliance failed to secure an absolute majority, however, meaning a coalition or technocratic government is on the cards, making legislation and reforms harder to pass.

Persons: Germany's DAX, scuppering Organizations: LONDON, CAC, IG, Popular Front Locations: Paris, France

☆ 14 stocks to buy for at least 25% earnings growth in 2025 while the stunning market rally stalls, according to Goldman Sachs
▼ + stars: | 2024-07-09 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The most bullish year-end target for the S&P 500 was 5,100, which represented solid upside of about 7% from where it ended the year. Those predictions look paltry in hindsight, as the S&P 500 finished the first half of the year up 14.5% at 5,460. Bulls are getting bolder, but risks remainIn response, several major firms have boosted their year-end S&P 500 targets in recent months. AdvertisementGoldman Sachs recently shared earnings growth projections for the 100 biggest stocks in the S&P 500, both for this year and next. Below are those 14 large-cap stocks expected to grow earnings by at least 25% next year, along with each one's ticker, market capitalization, and 2024 and 2025 earnings growth estimates.

Persons: —, Goldman Sachs, Morgan Stanley, Oppenheimer's John Stoltzfus, David Kostin, Kostin Organizations: Service, Business, Bulls, BMO Capital Markets, Deutsche Bank, Apple, Meta, Microsoft, Nvidia —

☆ U.S. Officials Say Russia Is Unlikely to Take Much More Ukrainian Territory
▼ + stars: | 2024-07-09 | by ( Julian E. Barnes | Eric Schmitt | ) www.nytimes.com time to read: +1 min

Russia is unlikely to make significant territorial gains in Ukraine in the coming months as its poorly trained forces struggle to break through Ukrainian defenses that are now reinforced with Western munitions, U.S. officials say. Through the spring and early summer, Russian troops tried to take territory outside the city of Kharkiv and renew a push in eastern Ukraine, to capitalize on their seizure of Avdiivka. Russia has suffered thousands of casualties in the drive while gaining little new territory. Russia’s problems represent a significant change in the dynamic of the war, which had favored Moscow in recent months. Russian forces continue to inflict pain, but their incremental advances have been slowed by the Ukrainians’ hardened lines.

Organizations: North Atlantic Treaty Organization Locations: Russia, Ukraine, Kharkiv, Avdiivka, Moscow, Russian, Washington

☆ Stock market today: Indexes hover near records ahead of Fed Chair Powell's testimony
▼ + stars: | 2024-07-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock indexes are hovering near record highs ahead of the testimony of Fed Chair Jerome Powell. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meanwhile, the stock market has continued to strike new highs with help from its tech sector, with Nvidia rising 2% on Monday. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else happened today:In commodities, bonds, and crypto:Advertisement

Persons: Jerome Powell, —, Powell, Michael Barr, Michelle Bowman Organizations: Service, Nasdaq, Federal, Nvidia Locations: Here's

☆ Why Tahiti will host part of the Paris Olympic Games and the controversy that comes with it
▼ + stars: | 2024-07-08 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +8 min

But one of the most stunning backdrops for the quadrennial competition won’t be in Paris – or France for that matter. The selection of Tahiti fulfills one of the pledges from Paris organizers, who promised to spread the Olympics throughout French territory. Tahiti became a French colony in 1880 and is now classified as an autonomous overseas country of the French Republic. Located roughly 9,700 miles and a 21-hour flight away from Paris, Teahupo’o will make for one of the far-flung host cities for an Olympic event in history. “Over the years corals (have) even covered the previous concrete tower base structure.”He added: “The new tower was never only for the Olympic Games.

Persons: Pont Alexandre III, Teahupo’o, ”, Tony Estanguet, ” Teahupo’o, “, Alexandra Dempsey, Khaled bin, “ You’re, that’s, –, Tim McKenna Organizations: CNN, Olympic, Games, Olympic Games, Oceans Foundation, International Surfing Association, Surfer Magazine Locations: Versailles, Paris –, France, Tahiti, Paris, French, French Republic, Polynesia, Teahupo’o

☆ Hungary’s Orban holds talks with Xi during surprise Beijing visit, days after meeting Putin
▼ + stars: | 2024-07-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

The two leaders began their meeting at the Diaoyutai State Guesthouse Monday morning, Chinese state media reported. China is a “key power in creating the conditions for peace” in the war, Orban wrote in an X post Monday. “This is why I came to meet with President Xi in Beijing, just two months after his official visit to Budapest,” he added. Orban and Xi last met in May, when the Chinese leader was welcomed with fanfare for a state visit to Hungary. “Only unity and determination will pave the path to a comprehensive, just and lasting peace in Ukraine,” she added.

Persons: Viktor Orban, Xi Jinping, ” Orban, Xi, Orban, ”, Orban’s, Joe Biden, Vladimir Putin, –, Ursula von der Leyen, ” Putin, Putin, Jens Stoltenberg, Volodymyr Zelensky Organizations: Hong Kong CNN, West, NATO, Shanghai Cooperation Organization, of, European Union, Putin, ”, Ukrainian Locations: Hong Kong, Hungarian, Beijing, Moscow, Kyiv, Russia, Ukraine, Diaoyutai, Washington, Hungary, China, Russian, Kazakhstan, Europe, Budapest, ”

☆ Analysis: Biden’s fate is on the line in the most critical days of his 50-year political career
▼ + stars: | 2024-07-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

The turmoil surrounding Biden’s future is creating a grim mood inside the White House, CNN’s MJ Lee reported. • If that happens, would senior party leaders be willing to go to the president and argue that his position is unsustainable? There is an almost surreal quality to the frenzied political debate as Biden digs in. There would be no guarantee that a new standard-bearer would do better than Biden, who has already beaten Trump once. Black Democratic voters helped to rescue Biden’s primary campaign in 2020 and to put him in the White House.

Persons: Joe Biden’s, Biden, Donald Trump, Hakeem Jeffries, Sen, Mark Warner, “, Connecticut Sen, Chris Murphy, ”, ” Biden, Trump, CNN’s MJ Lee, Biden –, Kamala Harris –, laud, Joe Biden, ” Murphy, Dana Bash, Adam Schiff, Murphy, Schiff, lacerated Trump, Jeffries, Chuck Schumer, “ I’m, It’s, Joyce Beatty, “ shouldn’t, CNN’s Ebony Davis, Eva McKend, he’s, CNN’s Jeff Zeleny, Lyndon Johnson, Gerry Connolly, CNN’s Pamela Brown, Joe Biden didn’t, ” Connolly, Josh Shapiro, Pennsylvania Sen, John Fetterman, Bob Casey Organizations: CNN, Democrats, White House, Virginia Democrat, Sunday, Union, Democratic, ABC News, West Wing, Democratic Party Among, Biden, ”, Press, California Democrat, Capitol, ABC, Congressional Black Caucus, Ohio, CBC, NATO, Airy, of God, Black Democratic, Pennsylvania Gov, Pennsylvania, Trump, Republican National Convention, Democratic National Convention Locations: Connecticut, “ State, Pennsylvania, Trump, Atlanta, California, New Orleans, Philadelphia, Harrisburg , Pennsylvania, Washington, Virginia, Harrisburg, “, Michigan, Ukraine, Milwaukee

☆ Opinion: A landmark NATO summit in Washington. But in Ukraine, there’s little cause for celebration
▼ + stars: | 2024-07-08 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +8 min

Odesa CNN —As Washington prepares to welcome world leaders for a landmark summit commemorating 75 years of NATO, some 5,000 miles away I was having a heart wrenching dinner conversation. Michael Bociurkiw Chrystia Chudczak“My dreams have been shattered,” a Ukrainian friend, Inna Ivanova, told me at a restaurant tucked away in an obscure corner of Odesa. The question on everyone’s lipsLooming over the summit will be the question of Ukraine’s desperately sought NATO membership. Meanwhile in WashingtonThe forecasted record heat won’t be the only thing making NATO leaders in Washington break into a sweat. Given the high stakes for Ukraine, people here will be watching developments in Washington closely.

Persons: Michael Bociurkiw, Odesa, Michael Bociurkiw Chrystia, ”, Inna Ivanova, Inna, Vladimir Putin, Ukraine’s, Ukraine Ivanna, Tsintsadze, Biden, Oleksandr Gimanov, Bohdan Chomiak, What’s, I’ve, that’s, Russia wouldn’t, Kyiv should’ve, Donald Trump, —, Joe Biden’s, General Jen Stoltenberg’s, Kira Rudik Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Odesa CNN, Washington, NATO, Bucharest NATO, Ukraine, Getty, Kyiv, Twitter, Trump, Golos Party Locations: Europe, Ukrainian, Odesa, Germany, Washington , DC, Ukraine, Washington, Bucharest, Georgia, Moscow, Brussels, Lviv, Russian, AFP, Kyiv, Russia, Ukraine’s

☆ Abolish HOAs: Homeowner Associations Make It Harder to Own a House
▼ + stars: | 2024-07-08 | by ( Ned Resnikoff | ) www.businessinsider.com time to read: +10 min

These private quasi-governments are called homeowner associations, or HOAs. While California has the most HOAs of any state (50,000), Florida has far more HOA residents as a percentage of its population. The association also provided its residents with "the usual privileges of a citizen in any free state," Tullock wrote. Readers will not be shocked to learn that Clarke and Freedman also found that HOA residents were more likely to be white or Asian than non-HOA residents. (Cashin observed that several states, including New Jersey and Texas, had laws allowing HOA residents to subtract the cost of privately provided infrastructure from their taxes.)

Persons: Norman Rockwell, Ron DeSantis, HOA, Quinn Slobodian, HOAs —, Gordon Tullock, Tullock, it's, Jim Crow, Wyatt Clarke, Matthew Freedman, Clarke, Freedman, Robert Reich, Sheryll Cashin, Cashin, HOAs Organizations: Gov, Guardian, HOAs, George Mason University, HOA Locations: An, HOA, Florida, While California, Rossmoor , California, America, Pima County, New Jersey, Texas, That's

☆ Hamas says it's waiting for Israeli response on Gaza ceasefire proposal
▼ + stars: | 2024-07-07 | by ( ) www.cnbc.com time to read: +3 min

Hamas is waiting for a response from Israel on its ceasefire proposal, two officials from the Palestinian group said on Sunday, five days after it accepted a key part of a U.S. plan aimed at ending the nine-month-old war in Gaza. "We have left our response with the mediators and are waiting to hear the occupation's response," one of the two Hamas officials told Reuters, asking not to be identified. It aims to end the war and free around 120 Israeli hostages being held by Hamas. Another Palestinian official, with knowledge of the ceasefire deliberations, said Israel was in talks with the Qataris. "They have discussed with them Hamas' response and they promised to give them Israel's response within days," the official, who asked not to be identified, told Reuters on Sunday.

Persons: Israel, Benjamin Netanyahu, Joe Biden, Netanyahu, William Burns, Ehab Al Organizations: Hamas, Reuters, U.S, Palestinian, Sunday, U.S . Central Intelligence Agency, Civil Emergency Service, UNRWA Locations: Zawayda, Gaza, Israel, U.S, Qatar, Egypt, Christian

CNN —Moscow has vowed to respond to Ukrainian attacks within its borders after a drone set on fire a warehouse allegedly storing munitions, prompting a state of emergency in Russia’s south-western Voronezh region. The drone attack took place in a settlement in the Podgorensky district, Voronezh governor Aleksandr Gusev said Sunday. “Several UAVs were detected and destroyed by on-duty air defense forces over the territory of the Voronezh region last night. Russia’s Defense Ministry said on Sunday that Ukrainian drone attacks had also been intercepted Saturday night in the border region of Belgorod. Meanwhile, Russian attacks in Ukraine also continued on Sunday, injuring at least two people in the Kharkiv region, according to local authorities.

Persons: CNN —, Aleksandr Gusev, ” Gusev, ”, Sergey Lavrov, ” Lavrov Organizations: CNN, Security Service of Ukraine, Russian, NATO, Russia’s Defense Locations: CNN — Moscow, Russia’s, Voronezh, Podgorensky, Ukraine, Ukrainian, United States, Russia, Belgorod, Kharkiv, Kherson

☆ Israel says its operation in Rafah is ‘limited’. Fighting there has left parts of it unrecognizable
▼ + stars: | 2024-07-07 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +4 min

But CNN cannot independently verify his claims: Israel has barred foreign journalists from entering Gaza independently and our only access is via embeds with the Israeli military. The area was seized by the Israeli military, which says it has uncovered dozens of tunnel shafts as well as rocket launchers used to fire rockets into Israel. He won’t say exactly how long Israeli forces will need to occupy this corridor, but says it could be weeks or months. Jeremy Diamond/CNNHagari also says Israeli forces killed more than 900 Hamas fighters in Rafah and are close to defeating Hamas’s Rafah brigade. As for the Rafah ground operation, Hagari cannot say whether it will be the last in Gaza.

Persons: Humvees, I’ve, Khan Younis, ”, Daniel Hagari, Hagari, Jeremy Diamond, Israel, –, ” Hagari, CNN Hagari, Hamas’s, we’ll Organizations: CNN, Hamas, Hamas’s Rafah Locations: Rafah, Gaza’s, Israel, Gaza, Egypt

☆ A key part of America’s economy has shifted into reverse
▼ + stars: | 2024-07-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington CNN —A vast swath of the US economy is showing signs of weakness as unemployment rises to its highest point in more than two years. “When you think of services, a lot of it is driven by the consumer, and consumers are key to where the US economy goes,” James Knightley, chief international economist at ING, told CNN. Consumer spending, which makes up about 70% of the US economy, has already moderated over the past few months, government statistics show, and retailers themselves have said they’ve noticed shoppers across the income spectrum change their purchasing behavior. The bottom 60% of households by income accounted for a larger proportion of spending on health care services. These firms have added 168,000 jobs a month, on average, from April through June, according to fresh Labor Department data released Friday.

Persons: “, ” James Knightley, “ We’re, Knightley, Scott Hamilton, Gallagher, It’s, Tesla, China’s Geely, Laura He, Elon, Jerome Powell, Michael Barr, Michelle Bowman, Austan Goolsbee, Raphael Bostic Organizations: CNN Business, Bell, Washington CNN, Institute, Supply, ING, CNN, Commerce, Service, Labor Department, EV, Volvo, SAIC, Elon Musk’s, Business, Committee, Fed, China’s National Bureau of Statistics, Financial Services, Chicago Fed, Pepsico, Delta Air Lines, ConAgra Brands, US Labor Department, Atlanta Fed, JPMorgan Chase, Citigroup, The, New York Mellon, The University of Michigan Locations: Washington, United States, California, Jiangsu, China, Shanghai, Wells Fargo

☆ The UK Election Puts Britain in New Political Territory - The New York Times
▼ + stars: | 2024-07-05 | by ( Rory Stewart | ) www.nytimes.com time to read: +1 min

The British Labour Party has won its largest majority since the founding of the party over a century ago, securing at least 412 of the House of Commons’s 650 seats. And in an age of populism and polarization, it has done so on a moderate, centrist platform. There is no clear sign that British voters are any more enthusiastic than voters anywhere else for the socially liberal, fiscally conservative politics that this incarnation of the Labour Party represents. The Conservative Party has been reduced to 121 seats, with two seats left to declare, the worst defeat in its 190-year history. It lost vote share not only to Labour and the centrist, pro-European Liberal Democrats, but also to the hard-right, anti-immigrant Reform U.K., led by Nigel Farage, an ally of Donald Trump.

Persons: Labour —, Keir Starmer, Bill Clinton, Tony Blair, Nigel Farage, Donald Trump Organizations: British Labour Party, Labour, Crown, Labour Party, Conservative Party, European Liberal Democrats, U.K

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ Japan: US sending dozens of F-15EX, F35 fighter jets in $10 billion modernization
▼ + stars: | 2024-07-05 | by ( Brad Lendon | ) edition.cnn.com time to read: +6 min

Japan said basing the new fighter aircraft in the country would enhance US capabilities there. But from 2022, as the twin-engine fighters neared the end of their service life, the US Air Force began pulling them from Kadena. The F-15EX is the Air Force’s newest fighter jet, with the first operational plane delivered to the Oregon Air National Guard in early June. The F-35As that will be stationed at Misawa Air Base are the Air Force’s newest stealth fighters. F-35s deliver “an enhanced capability to survive in the advanced threat environment in which it was designed to operate,” an Air Force fact sheet says.

Persons: Yoshimasa Hayashi, Carlos Barria, 15EX, Peter Layton, ” Layton, Layton, ”, CNN’s Hanako Montgomery Organizations: CNN, Defense Department, Pentagon, Japan Alliance, Misawa Air Base, Kadena Air Base, Marine Corps Air Station Iwakuni, U.S . Air Force, Chinese Communist Party, US Air Force, Boeing, Military, Air Force’s, Oregon Air National Guard, USAF, Air Force, Griffith Asia Institute, Royal Australian Air Force, Japan Locations: Japan, Okinawa, Hiroshima, Honshu, United States, U.S, China, Russia, North Korea, Tokyo, East, North, Pyongyang, Britain, Australia, Nevada, Taiwan, Kadena, Washington

☆ Can Israel's Iron Dome be overrun? System's capabilities in focus amid rising risk of war with Hezbollah
▼ + stars: | 2024-07-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 20, 2023. It has a success rate of around 90%, according to the Israel Defense Forces. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. Amir Cohen | ReutersThe Iron Dome also intercepts around 90% of the near-daily rocket attacks from Hamas and other militant groups in Gaza, the IDF claims. Hamas' rockets and missiles, by comparison, are estimated to number in the tens of thousands.

Persons: Amir Cohen, Israel —, Rafael, —, Miri Eisin, Eisin, credibly, Victor Tricaud, Tricaud, Wissam tawil Organizations: Reuters, U.S, Palestinian, Hamas, Israel Defense Forces, Defense Ministry, Rafael Advanced Defense Systems, Hezbollah, International Institute for Counterterrorism, Tel, CNBC, Israel's Reichman, Iranian, Getty Locations: Gaza, Ashkelon, Israel, Iran, Lebanese, Lebanon, Washington, Tel Aviv, Hamas, Iranian, Khirbit

☆ Stock market today: Indexes test record highs as dovish jobs report sends bond yields lower
▼ + stars: | 2024-07-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks tested record highs on Friday after the June jobs report sent bond yields tumbling. The US economy added 206,000 jobs in June, but the unemployment rate ticked higher to 4.1%. The higher unemployment rate raised hopes for imminent interest rate cuts from the Federal Reserve. AdvertisementUS stocks tested record highs on Friday after the June jobs report sent bond yields lower. The April jobs report was also revised lower to 108,000 jobs added that month, down from the initial reading of 165,000.

Persons: —, Quincy Krosby, Krosby, Brent, Bitcoin Organizations: Federal Reserve, Service, Federal, Treasury, Manufacturing, PMI Locations: Texas

☆ European markets open higher with UK election results in focus
▼ + stars: | 2024-07-05 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

Keir Starmer, leader of the Labour Party, campaigns ahead of the general election, in Redditch, UK, on Wednesday, July 3, 2024. LONDON — European stocks opened mostly higher on Friday as the U.K.'s general election draws focus in the region. The pan-European Stoxx 600 index rose 0.3% higher in early morning deals. The U.K.'s FTSE 100 index climbed more than 0.2% as investors reacted to election results. Travel and leisure stocks were the standout gainers Friday, climbing 0.6%, as most sectors traded in positive territory.

Persons: Keir Starmer Organizations: Labour Party, LONDON Locations: Redditch, UK

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