NEWSLETTER
Thursday / September 29Sep 29
Thursday / June 2
Putin not ruling out Zelensky meeting
Russia said on Wednesday that it did not rule out a meeting between President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskiy, but that any such talks needed to be prepared in advance.
Kremlin spokesman Dmitry Peskov told reporters that work on a peace document with Ukraine had stopped a long time ago and had not restarted.
A Ukrainian presidential advisor and peace talks negotiator accused Europe and the United States of having an "irrational fear" of Russia in an interview released on Wednesday by news agency Interfax Ukraine.
Mykhailo Podolyak, a key negotiator for Ukraine during previous talks with Russia, said the political elites of the West "want to return to the pre-war period and do not want to solve problems," adding that their financial priorities took precedence in decision making.
JP Morgan CEO warns
JPMorgan Chase chairman and CEO Jamie Dimon told investors Wednesday to brace for an economic "hurricane." Dimon cited Fed's decision to shrink its holdings of securities and Russia's invasion of Ukraine.
Driving the news: "You know, I said there's storm clouds, but I'm going to change it ... it's a hurricane," Dimon said at a financial conference.
"That hurricane is right out there down the road coming our way," he added. "We just don't know if it's a minor one or Superstorm Sandy. You have to brace yourself."
Biden announces new Ukraine package
U.S. President Joe Biden announced on Wednesday a new $700 million weapons package for Ukraine that will include high mobility artillery rocket systems, which can accurately hit targets as far away as 80 km (50 miles).
"The United States will stand with our Ukrainian partners and continue to provide Ukraine with weapons and equipment to defend itself," Biden said in a statement.
Biden announced the plan to give Ukraine precision HIMARS rocket systems after receiving assurances from Kyiv that it would not use them to hit targets inside Russian territory. Biden imposed the condition to try to avoid escalating the Ukraine war.
"The Ukrainians have given us assurances that they will not use these systems against targets on Russian territory," Secretary of State Antony Blinken said at an appearance with NATO Secretary-General Jens Stoltenberg.
A senior Defense Department official, briefing reporters at the Pentagon, said the United States would send four HIMARS systems to Ukraine initially.
Ukraine to buy US drones
The Biden administration plans to sell Ukraine four MQ-1C Gray Eagle drones that can be armed with Hellfire missiles for battlefield use against Russia.
The sale of the General Atomics-made drones could still be blocked by Congress, Reuters sources said. They added that there is also a risk of a last-minute policy reversal that could scuttle the plan, which has been under review at the Pentagon for several weeks.
The sale is significant because it puts an advanced reusable U.S. system capable of multiple deep strikes on the battlefield against Russia for the first time.
The administration of President Joe Biden intends to notify Congress of the potential sale to Ukraine in the coming days with a public announcement expected after that, a U.S. official said.
A White House spokesperson referred inquiries to the Pentagon and a Pentagon spokesperson said there was "nothing to announce."
US stocks
U.S. stock futures were slightly lower Wednesday/
Futures tied to the Dow Jones Industrial Average edged lower by 74 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were also dopped 0.2% each.
In regular trading, stocks started June with declines amid choppy trading. The Dow shed 176.89 points, or 0.5%. The S&P 500 fell nearly 0.8%, and the Nasdaq Composite retreated 0.7%.
Russia said on Wednesday that it did not rule out a meeting between President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskiy, but that any such talks needed to be prepared in advance.
Kremlin spokesman Dmitry Peskov told reporters that work on a peace document with Ukraine had stopped a long time ago and had not restarted.
A Ukrainian presidential advisor and peace talks negotiator accused Europe and the United States of having an "irrational fear" of Russia in an interview released on Wednesday by news agency Interfax Ukraine.
Mykhailo Podolyak, a key negotiator for Ukraine during previous talks with Russia, said the political elites of the West "want to return to the pre-war period and do not want to solve problems," adding that their financial priorities took precedence in decision making.
JP Morgan CEO warns
JPMorgan Chase chairman and CEO Jamie Dimon told investors Wednesday to brace for an economic "hurricane." Dimon cited Fed's decision to shrink its holdings of securities and Russia's invasion of Ukraine.
Driving the news: "You know, I said there's storm clouds, but I'm going to change it ... it's a hurricane," Dimon said at a financial conference.
"That hurricane is right out there down the road coming our way," he added. "We just don't know if it's a minor one or Superstorm Sandy. You have to brace yourself."
Biden announces new Ukraine package
U.S. President Joe Biden announced on Wednesday a new $700 million weapons package for Ukraine that will include high mobility artillery rocket systems, which can accurately hit targets as far away as 80 km (50 miles).
"The United States will stand with our Ukrainian partners and continue to provide Ukraine with weapons and equipment to defend itself," Biden said in a statement.
Biden announced the plan to give Ukraine precision HIMARS rocket systems after receiving assurances from Kyiv that it would not use them to hit targets inside Russian territory. Biden imposed the condition to try to avoid escalating the Ukraine war.
"The Ukrainians have given us assurances that they will not use these systems against targets on Russian territory," Secretary of State Antony Blinken said at an appearance with NATO Secretary-General Jens Stoltenberg.
A senior Defense Department official, briefing reporters at the Pentagon, said the United States would send four HIMARS systems to Ukraine initially.
Ukraine to buy US drones
The Biden administration plans to sell Ukraine four MQ-1C Gray Eagle drones that can be armed with Hellfire missiles for battlefield use against Russia.
The sale of the General Atomics-made drones could still be blocked by Congress, Reuters sources said. They added that there is also a risk of a last-minute policy reversal that could scuttle the plan, which has been under review at the Pentagon for several weeks.
The sale is significant because it puts an advanced reusable U.S. system capable of multiple deep strikes on the battlefield against Russia for the first time.
The administration of President Joe Biden intends to notify Congress of the potential sale to Ukraine in the coming days with a public announcement expected after that, a U.S. official said.
A White House spokesperson referred inquiries to the Pentagon and a Pentagon spokesperson said there was "nothing to announce."
US stocks
U.S. stock futures were slightly lower Wednesday/
Futures tied to the Dow Jones Industrial Average edged lower by 74 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were also dopped 0.2% each.
In regular trading, stocks started June with declines amid choppy trading. The Dow shed 176.89 points, or 0.5%. The S&P 500 fell nearly 0.8%, and the Nasdaq Composite retreated 0.7%.
