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US stocks closed higher on Wednesday as traders looked to coming economic data. The September jobs report, a key data point for the next rate move, is due out Friday. AdvertisementUS stocks ended slightly higher on Wednesday as traders anticipated key economic data in the US and looked past simmering tensions in the Middle East. Markets are also taking in positive jobs data, with the private sector adding 143,000 jobs last month, according to ADP. The latter will serve as a key data point when central bankers decide how much further to cut interest rates.
Persons: Traders, , José Torres, Torres, tomorrow's Organizations: Service, Investors, Interactive Brokers, ADP, Here's Locations: Iran, Israel
Apple Intelligence : Club stock Apple turned positive Wednesday, despite more analysts trimming their 2024 iPhone 16 estimates. Interestingly, Apple Intelligence is the sixth top reason someone would buy a new iPhone, according to a recent survey by JPMorgan analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, payrolls, Jensen Huang, Levi Strauss, Michelle Gass, Jim Cramer's, Jim Organizations: CNBC, ., U.S, Israel . Semiconductor, Broadcom, Nvidia, Accenture, Financial Times, Amazon, Apple Intelligence, Apple, JPMorgan, Club, Constellation Brands, Modelo, Jim Cramer's Charitable Locations: Iran, Israel, Corona, Pacifico
Here’s a look at Iran’s ballistic missile capabilities and the defensive systems employed by Israeli and other forces in the region. The Shahab-3 is the foundation for all Iran’s medium-range ballistic missiles using a liquid propellant, according to Patrick Senft, a research coordinator at Armament Research Services (ARES). But analysts point out that almost all ballistic missiles reach hypersonic speed during their flights, especially as they dive towards their targets. Some 180 ballistic missiles had been launched from Iran against Israel and intercepted in the sky across Israel on October 1, 2024. Meanwhile, the Arrow 3 uses hit-to-kill technology to intercept incoming ballistic missiles in space, before they reenter the atmosphere on their way to targets.
Persons: Kenneth McKenzie, Patrick Senft, Fabian Hinz, Hinz, , , Trevor Ball, “ Israel, There’s, Israel, Israel’s RAFAEL, Matan Golan, Cole, Bulkeley, Pat Ryder, CNN’s Gianluca Mezzofiore, Haley Britzky Organizations: CNN, Missile, Center for Strategic, International Studies, US Air Force, Iran Watch, Wisconsin, Control, Armament Research Services, International Institute for Strategic Studies, US Army, country’s Missile Defense Organization, Defense System, Raytheon, CSIS, Missile Defense Advocacy Alliance, US, Navy, Pentagon, Aegis, Iranian Locations: Iran, Israel, United States, Jordan, Tehran, Jordanian
Oil prices rise on escalating attacks in the Middle East
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: +2 min
Storage tanks and oil processing facilities operate at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Oct. 1, 2018. Oil prices rose on Wednesday on fears conflict in the Middle East could turn into a wider war and disrupt oil supply from the key producing region after Iran fired ballistic missiles at Israel. Iran's oil output rose to a six-year high of 3.7 million barrels per day in August, ANZ added. "Iran accounts for about 4% of global oil output, but an important consideration will be whether Saudi Arabia increases production if Iranian supplies were disrupted." "Any suggestion that production hikes will proceed could offset concerns of supply disruptions in the Middle East," ANZ's note said.
Persons: Brent, Israel, Benjamin Netanyahu, Joe Biden Organizations: U.S, West Texas, Organization of, Petroleum, ANZ Research, ANZ, Israel, . Security, American Petroleum Institute Locations: Saudi, Ras Tanura, Saudi Arabia, Iran, Israel, Lebanon, Tehran, OPEC, Russia, U.S
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
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
Here are JPMorgan's top stock picks heading into October
  + stars: | 2024-10-02 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
For October, the additions include Best Buy and Carmax , while Wayfair , CarGurus and First Citizens BancShares are among those removed. The bank cited positive existing home sales, and an expansion in AI adoption, believing Best Buy will see continued growth in average selling prices . Analyst Christopher Horvers says Best Buy will increase its profitability over time, noting an uptick in operating margins to 5% from last year's 4.1%. He has an overweight rating on the stock, and his price target of $111 implies more than 9% upside from Tuesday's close. The bank's price target for Schwab implied about 22% upside and for Ulta Beauty about 18% potential appreciation, based on Tuesday's close.
Persons: JPMorgan's, Christopher Horvers, BBY, Eli Lilly, Lilly, Charles Schwab, Schwab Organizations: JPMorgan, Nasdaq, Dow Jones, Wall, AT, TPG Locations: Israel, Richland , Minnesota, Dallas, DirectTV, Lilly, Ireland
Saudi Arabia's oil minister says crude prices could fall as low as $50 per barrel. AdvertisementSaudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. $50 per barrel oil would drag Brent crude, the international benchmark, down 33% from current levels. The Saudi minister called out Iraq, which surpassed its quota by 400,000 barrels per day in August, according to S&P Global Ratings data. The OPEC leader caused prices to fall below $10 per barrel in 1986 after boosting output to penalize other producers.
Persons: , Prince Abdulaziz bin, Brent, That's Organizations: Service, Wall, Financial Times, OPEC Locations: Saudi, Lebanon, Iran, Kazakhstan, Riyadh, Iraq, Saudi Arabia, OPEC
The US said that Iran will face "severe consequences" for its missile attack on Israel. Israel said that Iran fired 180 ballistic missiles at it on Tuesday, most of which were intercepted. AdvertisementThe US has promised "severe consequences" for Iran after it launched a massive ballistic missile strike on Israel on Tuesday. "We have made clear that there will be consequences, severe consequences for this attack, and we will work with Israel to make that the case," Sullivan added. "A direct military attack from Iran against Israel will carry severe consequences for Iran."
Persons: Israel, , Jake Sullivan, Sullivan, Benjamin Netanyahu, Lloyd Austin, Ismail Haniyeh, Hassan Nasrallah, Krishnamoorti Organizations: Service, Israel Defense Forces, State, Israel's, White House, Israel, US Navy, Iranian, West Bank, New York Times, Tasnim News Agency, Iranian Armed Forces, University of Houston, ABC News Locations: Iran, Israel, Tehran, Beirut
AdvertisementThe old F-16 models that Ukraine's allies are giving it are no match for Russia's best jets, a former US general told Business Insider. The F-16s, which Ukraine has started receiving from its allies, are the most advanced aircraft Ukraine now has in its arsenal and are armed with more powerful bombs and missiles. AdvertisementDavis said Ukraine's F-16s "are making a difference now" and said when more arrive, that "will help them make more of a difference." All of them pose a threat to Ukraine's F-16s, Davis said, along with Russia's formidable batteries of surface-to-air missiles. Related storiesThe Wall Street Journal reported in August that many of Ukraine's F-16s "are secondhand and have decades of flying time already."
Persons: , Gordon, Skip, Davis, Ukraine's, Volodymyr Zelenskyi, Vitalii, Michael Bohnert, Josh Rosales Ukaine's, David, Volodymyr Zelenskyy, they'd, we're Organizations: NATO, Service, Business, US Army, Defense Investment Division, Getty, SU, Air Missiles, Street, RAND Corporation, Air Force, US Air Force, Tech, Aircraft, Russian Defense Ministry, Anadolu Agency, Air, Ukrainian Air Forces, REUTERS Locations: Russian, Ukraine, Russia, South Korea, of Mexico, Brest, Belarus, Valentyn, Denmark, Norway, Belgium, Netherlands
It’s the second time Iran has launched an aerial attack on Israel this year, but Tuesday’s barrage was of a different magnitude. Israel's anti-missile system intercepts rockets after Iran fired a salvo of ballistic missiles, as seen from Ashkelon, Israel, on October 1, 2024. While the Israeli military said most of the missiles were intercepted, some landed on Israeli soil and appeared to cause damage. Atta Kenare/AFP/Getty ImagesIn Gaza, Israel’s war against Hamas grinds on almost a year after the Palestinian militant group’s attack on Israel. Since Israel’s war in Gaza began, US troops have also been the target of escalating attacks by Iran-backed proxy groups.
Persons: Benjamin Netanyahu, Israel, Hassan Nasrallah, Israel –, Amir Cohen, Pat Ryder, , Nasrallah, Jonathan Panikoff, Hezbollah's, Atta Kenare, Ismail Haniyeh, PMO, Netanyahu, Naftali Bennett, Masoud Pezeshkian, Alexi J . Rosenfeld, Matthew Miller, Lloyd Austin Organizations: CNN, Israel, Reuters, Air Base, Tel Nof Air Base, Pentagon, Hezbollah, Getty, Hamas grinds, Islamic Revolutionary Guard Corps, Israeli, New, State Department, US Navy, US Army, US, Israel . Defense Locations: Israel, Iran, Lebanon, Beirut, Here’s, Syria, Ashkelon, Reuters Iran, Tehran, Tel Aviv, Israel’s, Washington, Yemen, Tehran's Palestine, AFP, Gaza, Iranian, Iraq, East, New York City, Eshkol Region, Jordan
U.S. crude oil rose nearly 3% on Wednesday as traders fear Israel could target Iran's oil infrastructure in retaliation for a ballistic missile attack. Israel's ambassador to the United Nations, Danny Danon, vowed late Tuesday that Israel will exact a "painful" response against Iran. Danon's threat came hours after the Islamic Republic launched around 180 ballistic missiles at Israel in retaliation for the assassination of top Hamas and Hezbollah leaders. Israel might take aim at Iran's oil industry to hit Tehran's income and degrade its ability wage war, they said. OPEC+ is planning to increase oil production in December, and U.S. output has been set records.
Persons: Danny Danon, Piper Sandler, Goldman Sachs, Yulia Zhestkova Grigsby Organizations: United Nations, Islamic Locations: Israel, Iran, Islamic Republic, Persian, China
The expanding war in the Middle East, however, has reached a new boiling point as Israel has vowed a "painful" response to Iran's attack. The government of Prime Minister Benjamin Netanyahu could take aim at the Islamic Republic's oil infrastructure in retaliation, geopolitical and crude market analysts say. "The next turn in this retaliation spiral may very well involve oil – via the degrading of Iran's oil capacityor Iran's proxies attacking oil and gas shipping from the Persian Gulf," Piper Sandler analysts told clients in a Wednesday research note. If Iran's oil exports of around 1.8 million bpd were taken offline, prices would likely jump by at least $5 per barrel, McNally said. An escalation on this scale could send oil prices higher in increments of $10 per barrel, the analyst said.
Persons: Ali Mohammadi, Benjamin Netanyahu, Helima Croft, Jack Jacobs, Jacobs, Croft, Piper Sandler, Bob McNally, McNally Organizations: Persian Gulf, Bloomberg, Getty, OPEC, RBC Capital Markets, U.S, Army, Rapidan Energy Locations: Bandar Abbas, Iran, Israel, China, Persian
Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).
Persons: Palmer, Anduril, , Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Gordon Haskett took the Club stock to buy and raised its price target to $450 per share, implying 10% upside. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Oil, Jim, Gordon Haskett, Gordon, Lamb Weston, Jim Cramer's Organizations: CNBC, Energy, Nvidia, Accenture, Microsoft, Club, Nike, Humana Locations: Israel
It should be a proportional response,” Biden told reporters Wednesday following a virtual call with leaders from the Group of 7 industrialized nations. The administration currently assesses it’s unlikely Israel would target Iran’s nuclear sites, though one senior official said Israel still hasn’t decided on where it might strike. Biden said Wednesday he does not support an Israeli attack on Iranian nuclear facilities. “The answer is no,” he responded when questioned about the prospect of Israel launching a retaliatory strike on sites related to Iran’s nuclear program. “Iran is a destabilizing, dangerous force in the Middle East, and today’s attack on Israel only further demonstrates that fact.”
Persons: Joe Biden, Israel, Biden, , , , Benjamin Netanyahu, , Netanyahu “, Kurt Campbell, ” Campbell, ” Biden, hasn’t, Netanyahu, Antony Blinken, Hashanah, Kamala Harris —, , Harris Organizations: CNN, Israeli, Hamas, West Bank, Hezbollah, Democratic Locations: Israel, retaliating, Iran, Lebanon, “ Iran, Gaza, United States, Isfahan
Iran has launched ballistic missiles at Israel, causing sirens to sound all over the country, the Israel Defense Forces said Tuesday. "The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel," the White House official said. A direct military attack from Iran against Israel will carry severe consequences for Iran." A ballistic missile from Iran could reach Israel in as short as 10 minutes, according to the American Jewish Committee. Hours before news broke on a potential attack from Iran, Israel announced a ground invasion of southern Lebanon on Monday night.
Persons: Hassan Nasrallah, Israel, Joe Biden, Emilie Simons, Biden, Kamala Harris, Simons, Morteza, Assembly Iran’s, Masoud Pezeshkian, Pezeshkian, Nasrallah, Iran's, Ali Khamenei, Critics, Nadav, Shoshani Organizations: Israel Defense Forces, White House, Department of Defense, NBC, Israel, United Nations, White, Getty, United Nations General Assembly, Assembly, Iranian Revolutionary Guard Corps, American Jewish Committee, Iranian, State Department Locations: Iran, Israel, Lebanon, United States, U.S, Islamic Republic of Iran, East, Iranian, Tehran, Damascus, Syria, Lebanese, Rafah, Gazan, Beirut
SEOUL, South Korea — South Korea showcased a ballistic missile capable of carrying an eight-ton warhead and featured a flypast of a U.S. bomber at military parades in Seoul on Tuesday, a show of force now held annually to signal readiness to respond to North Korean threats. For decades such military parades had been held only infrequently in South Korea. Military officials have said Tuesday’s parade was partly intended to showcase South Korea’s military might as a deterrence to North Korea, which frequently stages parades featuring weapons such as intercontinental ballistic missiles. The South Korean parade included a flypast by a U.S. B-1B strategic bomber for the first time, while the U.S. Eighth Army band and an armored Stryker brigade also took part. “That day will see the end of the North Korean regime.”Dubbed a “monster missile” by South Korean media, the Hyunmoo-5 was a centerpiece of the parade, specifically designed to penetrate underground bunkers.
Persons: Yoon Suk Yeol, Yoon, ” Yoon, Yu Yong, Kim Kang Il, KCNA, Kim, Tuesday’s, Jeon Ha Organizations: Armed Forces, U.S, U.S . Eighth Army, Strategic Command, South, Defense Locations: SEOUL, South Korea, U.S, Seoul, North Korea, Pyongyang, Russia, Washington
Ilia Yefimovich/dpa/APThis week’s ground incursion into southern Lebanon is the latest chapter in a long history of Israel sending its troops into the territory of its northern neighbor. In response, Israel occupied most of the southern part of the country, despite Lebanon’s claims it had nothing to do with the bus attack. But it resulted in a years-long occupation of southern Lebanon and Israeli troops bogged down in a protracted and increasingly unpopular war. Israeli troops withdrew from West Beirut after that but continued to occupy southern Lebanon until 2000. 2006: In 2006, Hezbollah militants infiltrated Israel in a surprise attack, killing eight Israeli soldiers and kidnapping two more in an attempt to prompt a prisoner exchange.
Persons: Ilia Yefimovich, Israel, Sabra, Shatila Organizations: Palestinian Liberation Organization, PLO, United Nations Interim Force, Christian Lebanese, UN, Human Rights Watch, IDF Locations: Lebanon, Israel, UNIFIL, West Beirut
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Israel launched ground incursions into Lebanon on Tuesday, opening up a new war front. AdvertisementIsrael faces a security dilemma in deciding how far it should go in its operations inside Lebanon, according to security experts. A more perilous terrain than GazaIsrael's ground operations inside Lebanon bear some resemblance to the ones it conducted in Gaza about a year ago. He mentioned Israel's own "costly" experiences of invasion in Lebanon, including the Second Israeli Invasion of Lebanon of 1982 and the Second Lebanon War in 2006. AdvertisementHowever, those sums, and Israel's overall military calculations, could quickly change if Iran gets involved on the side of Hezbollah in Lebanon.
Persons: Israel, , Hezbollah's, Hassan Nasrallah, Ameneh, MENAHEM KAHANA, ACLED, Israel isn't, Ramiz, Yannay Spitzer, Benjamin Netanyahu Organizations: IDF, Service, Israel Defense Forces, Global Governance Centre, Geneva Graduate Institute, Hezbollah, Getty, Middle East Security, Royal United Services Institute, Raleigh, Israel, Hebrew University of Jerusalem, Media, UN, Israeli Locations: Lebanon, Israel, Iran, Raleigh, East, Gaza, Galilee, AFP, Lebanese, Hiyam, Nabatieh, Anadolu, Mehvar, Israeli, Tehran
CNN —The White House on Tuesday said the US believes Iran is preparing an imminent ballistic missile attack against Israel. “The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel. A direct military attack from Iran against Israel will carry severe consequences for Iran,” a senior White House official said in a statement. In that attack, Iran launched a wave of drones and missiles towards Israel – the vast majority were successfully intercepted. “As of this moment, Israel does not perceive imminent threat from Iran,” Israel Defense Forces spokesperson Daniel Hagari said.
Persons: , , Daniel Hagari, Hagari, ” Hagari, Benjamin Netanyahu, Netanyahu, Israel, ” Netanyahu, Antony Blinken, ” Blinken, Blinken Organizations: CNN, Israel, White House, Israel Defense Forces, Monday, Israeli, , Moroccan Locations: Iran, United States, Israel, Lebanon, States
Iran launches missile attacks against Israel
  + stars: | 2024-10-01 | 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 EmailIran launches missile attacks against IsraelCNBC's Contessa Brewer joins 'The Exchange' to discuss breaking news on Iran's attacks on Israel.
Persons: Israel, Israel CNBC's Contessa Brewer Organizations: Iran, Israel CNBC's Locations: Israel
Video shows Iranian missile attack on Israel
  + stars: | 2024-10-01 | by ( Daniel Lewis | ) edition.cnn.com   time to read: 1 min
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The United States has seen indications that Iran is preparing to "imminently" launch a ballistic missile attack on Israel on the heels of Israel's ground incursion into south Lebanon, a senior White House official told NBC News on Tuesday,The White House official warned that any direct attack on Israel by Iran "will carry severe consequences for Iran." "We are actively supporting defensive preparations to defend Israel against this attack," the official said. Iran's suspected planned attack came as Israeli ground forces invaded south Lebanon as part of an attack on Hezbollah, the militant group backed by Iran. The number of Israeli troops who have entered Lebanon is in "the low hundreds," an Israeli official told NBC News. In April, Iran launched an attack on Israel that included more than 300 drones and ballistic missiles after two top Iranian commanders were killed by an Israeli airstrike in Syria.
Persons: Iran's, Hassan Nasrallah Organizations: White House, NBC, White, Israel, Embassy, NBC News, Dow Jones, West Texas Locations: States, Iran, Israel, Lebanon, U.S, Jerusalem, Beirut, Syria
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