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Persons: HBO Max, Insider’s, HBO Max Hulu iHeart LiveOne, you'll, cardholders, Cardholders, Read, Ethan Steinberg Ethan Steinberg, Ethan, Guy, Angela Fung Organizations: Business Insider, U.S, Bank, Business, EV, Netflix, Hulu, Spotify, Apple Music, Disney, HBO, Costco, Amazon Music, Amazon, Apple, ESPN, MLB TV, Paramount, YouTube, LoungeKey, Troon, Chase Travel, Chase, United Airlines, Hyatt Hotels, Amazon.com, Discover, U.S . Bank, Finance Locations: U.S, Hyatt Hotels ., Shanghai, Asia
WASHINGTON — A group of national security experts led by Cabinet members from the Trump administration endorsed former President Donald Trump on Wednesday, citing his foreign policy record and calling him "a peacemaker." The group, organized by former Trump national security adviser Robert O'Brien and former National Security Council chief of staff Alex Gray, wrote in a letter that "securing peace" is "the legacy of Trump." The letter comes amid an escalating conflict in the Middle East between Iran and Israel, as well as Russia's war in Ukraine. "The policies of the Biden-Harris Administration have invited conflict, diminished America’s standing around the globe, and imperiled our national security," the letter says. The signers do not include Trump's first secretary of state, Rex Tillerson, or his secretaries of defense, James Mattis and Mark Esper.
Persons: WASHINGTON, Trump, Donald Trump, Robert O'Brien, Alex Gray, Nikki Haley, Mike Pompeo, Steven Mnuchin, John Ratcliffe, Jack Smith, William Barr, Barr, Joe Biden, Kamala Harris, Harris, America’s, , Trump's, Rex Tillerson, James Mattis, Mark Esper Organizations: Cabinet, Trump, National Security Council, Republican, National Intelligence, Prosecutors, PBS, Biden, Harris Administration Locations: East, Iran, Israel, Ukraine, Russia
Vice presidential candidates JD Vance and Tim Walz faced off in their first and only debate Tuesday night, squaring off over everything from foreign policy and the economy to the 2020 election and abortion rights. Contemporaneous newspaper reports — first reported by Minnesota Public Radio News and APM Reports — place Walz in Nebraska at the time. Fact-check: Is housing 60% more expensive during the Biden administration? “Iran, which launched this attack, has received over $100 billion in unfrozen assets thanks to the Kamala Harris administration," Vance said. As part of a prisoner exchange the Biden administration negotiated with Iran last year, $6 billion more in Iranian assets were unfrozen.
Persons: Vance, Tim Walz, Walz, , America —, , , That’s, Kamala Harris, Biden, Harris, hasn’t, " Walz, Harris “, she’s, Donald Trump’s, You’ve, Donald Trump, Obama, Harris wasn’t, unfroze, Trump, Trump “, I’ve, Mike Pence Organizations: America, CNN, Minnesota Public Radio, APM, U.S, Center for American Progress, Economic, Global, Washington Post, Social Security, Immigration, Department of Homeland Security, NBC News, Biden, Democratic, Health Affairs, Customs, Capitol, Centers for Disease Control, Minnesota Health Locations: China, Nebraska, Hong Kong, Beijing, Russia, Saudi Arabia, Ireland, Norway, Spain, Lechleitner, U.S, Iran, Minnesota,
How Israel would retaliate against Iran's missile attacks
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Israel would retaliate against Iran's missile attacksCharles Kupchan, senior fellow at the Council on Foreign Relations, and Amrita Sen, founder and director of research at Energy Aspects, join CNBC's 'The Exchange' to discuss the widening war in the Middle East, how recent escalations could impact oil prices, and more.
Persons: Charles Kupchan, Amrita Sen, CNBC's Organizations: Iran's, Council, Foreign Relations Locations: Israel
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Persons: takeout, Chase, There's, cardholders, You'll, Cash, you'll, it's, Finance Insider's, Cardholders, Read, you've, What's, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Jasmin Baron Organizations: Business, Citi, Chase, McDonalds, PayPal, Chase Travel, Mastercard, Sapphire, Emergency, Lyft, Consumer, Finance, Restaurants, Citi Entertainment, Amazon.com, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: There's, Reddit, Chase, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan, Canada
Ray Dalio is again promoting the idea that China urgently needs to start a "beautiful deleveraging." In a LinkedIn post on Tuesday, Dalio wrote of what he called a "beautiful deleveraging," or an aggressive, two-pronged approach to solving debt issues. Dalio wrote that Chinese leader Xi Jinping's unprecedented stimulus sparked a "big week" for economic optimism, but it won't be enough. The interest rate cuts would ideally be so drastic that they run below inflation and nominal growth rates, Dalio wrote. If Beijing doesn't start a "beautiful deleveraging," he said, it risks allowing its crisis to drag on and create an "economic and psychological malaise like Japan experienced."
Persons: Ray Dalio, Dalio, , Xi, They'll Organizations: Service, Bridgewater Associates, Washington Locations: China, Beijing, Japan, US
President Joe Biden called for port companies to offer fair deals to striking dockworkers. He and the acting labor secretary, Julie Su, urged dock workers and companies to negotiate. AdvertisementPresident Joe Biden and other government officials are urging port companies to offer stronger contracts to the 45,000 dockworkers on strike at East and Gulf Coast ports. The message from the Biden administration is clear: Companies need to offer a fair deal to the striking workers as soon as possible. Su said the port workers' sacrifices and importance during the pandemic and in helping communities recover from Hurricane Helene weren't fairly reflected in their salaries.
Persons: Joe Biden, Pete Buttigieg, Julie Su, , Biden, Hurricane Helene, Buttigieg, he'd, she'd, Su, Hurricane Helene weren't, Taft, Hartley Organizations: Service, JPMorgan, Federal Maritime Commission, US Maritime Alliance, International Longshoremen's Association, Associated Press, dockworkers, Department of Labor, Department of Transportation, Business Insider Locations: East, Gulf Coast, Hurricane
Washington CNN —The threat environment in the United States “remains high” ahead of the November presidential election and conflict in the Middle East, according to a new assessment by the Department of Homeland Security. The annual assessment released Wednesday warns of possible threats from violent extremists driven by the heated political environment in the US as well as foreign and domestic threats from terrorist groups and others inspired by conflicts abroad. Some of those intentions of Iran and other countries, according to officials and the report itself, are to sow confusion and chaos in the US 2024 presidential election. “We have seen threats against election workers, we’ve seen white powder letters sent to election workers to scare them,” the official said. “We have also recently observed a rise in disruptive tactics targeting election officials and offices—like those observed in past election cycles—including hoax bomb threats, swatting, doxxing, and mailing white powder letters, intended to instill fear and disrupt campaign and election operations,” the report says.
Persons: Israel, Hassan Nasrallah, Christopher Wray, , CNN’s Sean Lyngaas Organizations: Washington CNN, Department of Homeland Security, DHS Locations: United States, East, Lebanon, Iran, Israel, “ China, Russia, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran missile attack gives Israel the grounds it needs to respond big, says Dan SenorDan Senor, former foreign policy advisor in the Bush administration, 'The Genius of Israel’ co-author and ‘Call Me Back’ podcast host, joins 'Squawk Box' to discuss the fallout from Iran's ballistic missile attack on Israel, what to expect from Israel in response to the attack, and more.
Persons: Dan Senor Dan Senor, Bush, Israel ’ Organizations: Iran Locations: Israel
Hanoi Reuters —Vietnam on Wednesday protested to China over what it said was an attack on a Vietnamese fishing boat three days ago in contested South China Sea waters that injured several fishermen. The Vietnamese foreign ministry said in a statement that Chinese law enforcers beat the Vietnamese fishermen and took away their fishing equipment when their boat was operating near Hoang Sa, Vietnam’s name for the Paracel Islands. The Chinese-controlled islands, also claimed by Vietnam, are in the South China Sea, a busy global maritime waterway, almost all of which is claimed by China. “Vietnam is extremely concerned, indignant and resolutely protests the brutal treatment by Chinese law enforcement forces of Vietnamese fishermen and fishing boats operating in the Hoang Sa archipelago of Vietnam,” foreign ministry spokesperson Pham Thu Hang said in a statement. Vietnamese state media reported this week that around 40 people from two foreign vessels had beaten the fishermen with iron pipes, injuring 10.
Persons: Pham Thu Hang, Hang Organizations: Hanoi Reuters Locations: Hanoi, Hanoi Reuters — Vietnam, China, Hoang, Paracel, Vietnam, South China, “ Vietnam, Beijing
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Aerial view of new energy vehicles at Huaian BYD Industrial Co., Ltd. on August 26, 2024 in Huaian, Jiangsu Province of China. China on Wednesday announced that it has filed an appeal with the World Trade Organization, asking the organization to rule on the recent tariffs that Canada imposed on Chinese electric vehicles and metal products. The ministry said it filed a lawsuit against what it called Canada's "unilateralism and trade protectionist practices" with the WTO, adding that it also launched an anti-discrimination investigation into Ottawa's restrictive measures. These measures will "disrupt and distort the global industrial chain and supply chain," the ministry added. Canada's Ministry of Foreign Affairs did not immediately respond to CNBC's request for comment.
Organizations: Wednesday, World Trade Organization, Union, China's Ministry of Commerce, China, Canada's Ministry of Foreign Affairs Locations: Huaian, Jiangsu Province, China . China, Canada, China, Beijing
Israel launched a ground incursion that risks repeating its past mistakes in Lebanon. From 1985 to 2000, Israel occupied a 15-mile-wide "security zone" in southern Lebanon, ostensibly run by a Lebanese Christian faction backed by IDF troops. Israel returned in 2006, when 30,000 Israeli troops crossed the border in retaliation for a Hezbollah ambush of IDF troops in northern Israel. AdvertisementAs Israel's prime minister in 1998, Benjamin Netanyahu vowed to keep troops in southern Lebanon "whatever the cost." Currently two IDF divisions are operating in southern Lebanon, to dismantle Hezbollah infrastructure there.
Persons: Israel, , Benjamin Netanyahu, EFFI, Boots, 2S0qw1pBaJ — Emanuel, Mannie, Fabian, Hassan Nasrallah, Michael Peck Organizations: Service, Lebanese Christian, IDF, Getty, Hezbollah, Hamas, Division, Egoz Commando, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Lebanon, Israel's, Lebanon's, Vietnam, Israel, Afghanistan, Soviet Union, , Gaza, AFP, Forbes
President Biden said on Tuesday that his administration will be "monitoring for any price gouging activity" that benefits foreign ocean carriers, including those on the USMX board. He also said "foreign ocean carriers have made record profits since the pandemic, when Longshoremen put themselves at risk to keep ports open." UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. Acting Secretary Julie Su lashed out at the idea that labor wage increases would be passed onto U.S. exporters and importers. I know they understand, just as consumers and American workers understand, that foreign companies who profit from our economy and who employ American workers and have an impact on American consumers should do the right thing, and in that battle, we are always going to stand with American workers, American businesses and American consumers."
Persons: Biden, Longshoremen, majeure, Daggett, Harold Daggett, Lars Jenson, Pete Buttigieg, Julie Su, Taft, Hartley, Buttigieg, Larry Lindsey, Su, Peter Friedmann, I've, nonfarm, Helene, switchers, they're, Jim Bianco, CNBC's, Peter Boockvar, Alan Baer, Steve Lamar, Taft Hartley, Lamar, CNBC's Jeff Cox Organizations: CMA, U.S, United States Maritime Alliance, Vespucci, Federal Reserve, Transportation, Labor, International Longshoremen's Association, UBS, Maersk, Federal Maritime Commission, ILA, Boeing, The Lindsey Group, Agriculture Transportation Coalition, Bianco Research, Bleakley Financial, USA, American Apparel and Footwear Association, Biden Administration, Locations: East, Gulf Coast, U.S, autoworkers
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That's led the market to assume rates will fall to pre-pandemic lows, BofA's Bernard Mensah says. Yet, inflationary risks will likely keep rates elevated, Mensah says. Before the pandemic, in the decade following the Great Financial Crisis, interest rates remained at historical lows. Despite the Fed's apparent confidence that pricing pressures have eased, Mensah says a variety of inflationary risks will keep interest rates higher. Other analysts have also pointed to inflation risks from geopolitical conflicts.
Persons: That's, BofA's Bernard Mensah, Mensah, , Bank of America's Bernard Mensah, Rowe Price, Tomasz Wieladek Organizations: Fed, Service, Federal Reserve, Bank of America's, Bloomberg Locations: US, China, England, Switzerland, Sweden, Canada, Mexico
It also raised its price target to $210 from $187, suggesting shares could rise more than 17% from Tuesday's close. He maintained his $2,400 price target, which implies 16.2% upside potential from Tuesday's close. Bank of America's Lorraine Hutchinson reiterated her buy rating while trimming her price target to $100 from $104. Deutsche Bank analyst Krisztina Katai also maintained her buy rating and inched down her price target by $3 to $92. He also lowered his price target on shares to $40 from $42, implying upside of just 5.2% over the next 12 months.
Persons: Baird, Davidson, Raymond James, Pavel Molchanov, Molchanov, — Hakyung Kim, FANG, Betty Jiang, Jiang, Diamondback, John Pancari, Pancari, Marcelo Santos, Santos, LatAm, Santo, Elliott Hill, Bank of America's Lorraine Hutchinson, Hutchinson, Krisztina Katai, Katai, Matthew Boss, Boss, Baird downgrades Harley, Craig Kennison, Harley, Kennison, Fred Imbert Organizations: CNBC, GE, General Electric, Barclays, Diamondback, Diamondback Energy, Endeavor, Endeavor Energy Resources, Management, T, T Bank, Federal Reserve, ISI, EA, JPMorgan downgrades, JPMorgan, MercadoLibre, Nike, Bank of, Deutsche Bank, Harley Locations: Tuesday's, Bank of America's, Hill
After months of personal attacks, Vance and Walz didn't trade serious blows until the end. AdvertisementEchoing Trump, Vance questioned why Harris hadn't already worked on passing some of her economic policies. Related storiesVance is also not former Vice President Mike Pence. In his closing statement, Walz praised a coalition that had brought former Vice President Dick Cheney and Taylor Swift together. Vance accused Walz of abandoning his National Guard unit by retiring before his service members were deployed to Iraq.
Persons: Sen, JD Vance, Tim Walz's, Vance, Walz didn't, , Tim Walz, Trump, Walz, Kamala Harris, Harris hadn't, Trump's MAGA, Mike Pence, George W, Bush, Amber Nicole Thurman, Amber Thurman, Harris, Dick Cheney, Taylor Swift, Darth Vader, I've, " Walz, Donald Trump, Joe Biden's Organizations: Gov, Service, Ohio, Nice, Former, Ohio Republican, Republican Party, Democratic, Capitol, National Guard, Trump, Biden Locations: Minnesota, Springfield , Ohio, Georgia, Arizona, Iraq
Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.
Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington
New York CNN —Additional charges against New York City Mayor Eric Adams are “possible” and it’s “likely” there will be additional defendants charged as part of the alleged scheme in the federal corruption case, a prosecutor said Wednesday at a court hearing. Federal prosecutor Hagan Scotten said they have evidence that Adams attempted to tamper with a witness in the investigation. The federal prosecutor revealed new information about the investigation, saying it began in the summer of 2021 before Adams became mayor. The additional defendants could be charged in a superseding indictment or in a separate case, Scotten added. Assistant US Attorney Hagen Scotten speaks in Manhattan federal court, as attorney Alex Spiro, center, and New York City Mayor Eric Adams, right, look on Wednesday.
Persons: Eric Adams, it’s, Hagan Scotten, Adams, Scotten, Alex Spiro, Hagen Scotten, Elizabeth Williams, Dale Ho, Spiro, hasn’t, Democratic Sen, Bob Menendez’s, , Organizations: New, New York CNN, New York City, FBI, Democratic, City Hall Locations: New York, Manhattan, New, Israel, China, Qatar, South Korea, Uzbekistan, Turkey, Turkish, New York City
He criticizes the US for high debt and low growth, leading a fragile financial system. He highlighted the four categories of debt-based countries: those with low growth and high or low debt, and those with high growth and high or low debt. The US is in the category of low growth and high debt. However, if a country accumulates high debt, then continued growth is required to absorb it, he noted. At present, Taleb doesn't believe that the ballooning debt could be solved politically or by increased demand for US bonds.
Persons: Nassim Taleb, , Nassim Nicholas Taleb, Scott Patterson, Patterson, Taleb, It's, Brandon Yarckin, isn't, Mark Spitznagel Organizations: Service, Universa Investments, Bank Locations: Russia, US
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Tim Walz took the stage in their first and only debate on Tuesday. Tim Walz in the pair's only debate of their vice presidential campaigns. AdvertisementAccording to polling, Vance has become one of the least-liked vice presidential candidates in history. The vice presidential debate is likely the last major debate of the campaign, as the presidential nominees haven't agreed to a second appearance after their September 10 face-off. "Vance's casual use of 'Tim' when addressing Walz subtly diminished Walz's authority, creating an impression of informality that worked in Vance's favor," Bui said.
Persons: Sen, JD Vance, Tim Walz, Vance, , Ohio, Walz, Benjamin Radd, backtrack, Trumper, Radd, Crystal Bui, George Floyd's, Bui, Harris, Kamala Harris, Joe Biden's, haven't, Tim, Susan McWilliams Barndt, McWilliams Barndt, I'm Organizations: Gov, Service, Minnesota Gov, UCLA, UCLA Burkle Center for International Relations, Democratic, Spotlight Communications, Trump, Pomona College, Business Locations: Minnesota, Vance's
A Russian Su-35 made risky, dangerous moves near a US F-16 late last month. “On Sept 23, 2024, NORAD aircraft flew a safe and disciplined intercept of Russian Military Aircraft in the Alaska ADIZ. Rules on aircraft behavior in international airspaces, create "an understood behavior so that we mitigate the risk" of problems. AdvertisementWhat the Su-35 pilot did was nothing of the sort. Russian military aircraft have also been involved in risky incidents, including a string of unprofessional intercepts of US Navy P-8As by Su-35s a few years ago and multiple incidents in Syria, among other places.
Persons: , ” –, Gregory Guillot pic.twitter.com, Gregory Guillot, Vincent Aiello, Mike Torrealday, I've, — Chris Hadfield, It's, Su, could've Organizations: NORAD, Service, North American Aerospace Defense Command, Russian Military Aircraft, American Aerospace Defense Command, US Northern Command, US Navy, US Air Force, US Defense Department, US, Pentagon Locations: Russian, Alaska, Russia, South China, American, Syria, Ukraine, Hainan, China
New York CNN —Toilet paper shortages in stores across America are giving folks nightmarish reminders of the pandemic era. But the lack of toilet paper isn’t a direct result of a major port strike Tuesday. Reports of shortages filled social media Tuesday, showing empty shelves where toilet paper and, to a lesser extent, paper towels were supposed to be. The overwhelming majority — more than 90% by some estimates — of US toilet paper consumption comes from domestic factories. Any toilet paper hoarded today will last until the next round of panic buying, even it happens years from now.
Persons: , It’s Organizations: New, New York CNN, Walmart, Costco, Target, and Paper Association, American Farm Bureau Locations: New York, America, Virginia, Monmouth County NJ, reax, Maine, Texas, Canada, Mexico, Wilmington , Delaware
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