Plus: One aircraft carrier group, eight suicide attempts

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Daily Briefing

Daily Briefing

By Robert MacMillan

Hello and thanks for reading the Daily Briefing. We examine the limits of Donald Trump’s power through the lens of diplomacy. CNN, MS NOW and Politico returned to the White House. Australia’s housing slowdown is generating billions of dollars of carnage. My colleague Anna Szymanski delivers her take on the financial week in five easy-to-read charts.

Today's Top News

 

REUTERS/Mike Segar

‘You tried to silence me’

  • If that’s the case, the attempt failed. Benjamin Netanyahu launched a verbal attack on dozens of delegates at the UN General Assembly as they filed out of the chamber in protest over Israel’s actions in Gaza and the West Bank. The divisions on display – and his visit of less than eight hours in New York – underscored the pressures the prime minister is facing as Israeli isolation grows and he faces a tough reelection campaign at home.
  • Mahmoud Abbas promised to hold Palestinians’ first legislative elections in 20 years despite serious doubts that they’ll happen.
  • US and Iran negotiators in New York discussed a plan to end their war in phases, including Iran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran.
  • “He loves good granite.” Donald Trump praised Xi Jinping’s eye for interior design and visual spectacle while brushing off questions about a lack of major progress on issues of substance between the two world leaders. Taiwan issued an indignant response to Xi’s attempts to get Trump to change the US stance on the island’s independence. On today’s schedule, a field trip to the National Archives.
  • Trump urged countries to leave the International Criminal Court, calling it evil and a rogue institution. Naoero, the tiny Pacific Island, followed suit.
  • Nepal’s prime minister called for grants instead of loans to help the nation recover from the glacier flood that killed at least 1,450 people.

In other news

  • Acute malnutrition is rising among children in Yemen as fighting intensifies between government-backed forces and the Houthis, UNICEF said. The military chiefs of Saudi Arabia, Pakistan and Turkey will discuss how to support the Saudis as the Houthis disrupt the flow of their oil. The Saudi grand mufti made an unusual call for troops to prepare to sacrifice their lives in the fight against the Iran-backed rebels.
  • The US Navy recorded eight suicide attempts on board the Abraham Lincoln carrier strike group during its lengthy deployment at sea, according to the Pentagon.
  • Authorities arrested five defense-ministry officials in Kazakhstan after 14 servicemen were swept into the Caspian Sea and died during a training exercise.
  • The fight over media access to the White House isn’t over. Find out what comes next. If you’re looking to interview another noteworthy American, Pope Leo is ready to talk. The pontiff arrived in France with AI and apologies for clergy abuse on the agenda.
  • Heavy surf and rain lashed Mexico as the “extremely powerful” Hurricane Polo moves northward over the Pacific.
  • An explosion caused a residential building in Athens to collapse. The cause remains unclear. Authorities rescued 29 people after a fire broke out on the deck of a vehicle ferry off Mykonos.
 

Business & Markets

 

REUTERS/China Daily

  • Exclusive: The US banned a Chinese textile giant from selling to US customers because of its link to forced-labor programs using Uyghur workers in Xinjiang. So why did a ton of T-shirts containing its cotton make landfall at the port of Los Angeles?
  • Oracle’s move to protect itself against possible delays at a data-center project in New Mexico sent a chill through the world of AI financing.
  • The global bond selloff pushed US 30-year yields to their highest levels in more than two decades, pushing mortgage rates above 7%. Learn more on the Reuters World News podcast.
  • Talk of a possible US ban on diesel exports is creating market movements that could decrease high domestic prices – for now.
  • Mark Zuckerberg debuted the Muse Charm, a tiny gadget that carries the Facebook founder’s big AI ambitions.
 

The Week Ahead

 
  • An update on Personal Consumption Expenditures is due Wednesday. Look out for signs about where the Fed might move on interest rates.
  • The fourth quarter of a turbulent fiscal year begins Thursday.
  • The next nonfarm payrolls report comes out Friday.