The Latest: ‘No Kings' protests spread across US as Trump gets military parade
The massive military parade commemorating the 250th birthday of the U.S. Army, which coincides with President Donald Trump 's 79th birthday is being staged Saturday in Washington, D.C. The event is expected to include about 6,600 soldiers, 50 helicopters and 60-ton M1 Abrams battle tanks, as well as possibly 200,000 attendees and heightened security to match.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
25 minutes ago
- Globe and Mail
Investors unnerved as Israel-Iran conflict fuels turmoil in oil markets
Investors were on edge ahead of markets reopening late on Sunday, gripped by anxiety over nationwide protests against President Donald Trump and the escalating threat of a sweeping conflict in the Middle East. Israel and Iran launched fresh attacks on each other into Sunday, with Prime Minister Benjamin Netanyahu saying Israeli strikes would intensify as Tehran called off nuclear talks that Washington had held out as the only way to halt the bombing. Meanwhile, Yemen's Iran-aligned Houthis joined the fray. 'The market is very headline-driven and short-term focused, so there's just a lot of volatility over the near term,' said Kathryn Rooney Vera, chief market strategist at StoneX Group. Oil prices rose by 7% on Friday, as Israel and Iran traded strikes, and investors will be watching closely to see how prices react when markets open later. 'So far we are at a stage of 'controlled confrontation,'' said Lombard Odier's chief economist, Samy Chaar, in which it is too soon to call for real and persistent economic damage despite high risk. 'For now, you get spikes in the oil price, you get volatility, everyone's a bit nervous, but there is no clear sign that we're moving toward the no-return type of scenario.' On Saturday, Israel appeared to have also hit Iran's oil and gas industry for the first time, with Iranian state media reporting a blaze at a gas field. A timeline of the Israel-Iran conflict and tensions between the two countries Israel's air offensive against Iran that began early on Friday, killing commanders and scientists and bombing nuclear sites in a stated bid to stop Tehran from building an atomic weapon, knocked risky assets including stocks, on Friday. It also lifted oil prices and prompted a rush into gold and the dollar, which resumed its role as a safe-haven asset for the first time in months. Oil prices at close to six-month highs could pose a risk to the inflation outlook, as central banks around the world grapple with the impact on prices from Trump's trade tariffs and the effect on economic growth. Rooney Vera at StoneX said she was worried about possible supply restrictions in case of a closure of the Strait of Hormuz, a narrow shipping lane between Iran and Oman. Any closure could restrict trade and impact global oil prices. 'That could worsen inflationary pressures,' she said. Lombard Odier's Chaar said a spike in oil prices should not in theory derail monetary policy for now, as possible disruption to Iranian oil supplies could be partly offset by output rises elsewhere. 'It seems to me that long gone are the days when a central bank would hike rates because of a spike in the oil prices,' Chaar said, adding that policy-makers will more likely stay focused on economic fundamentals and demand-drivers. Investors are nervous though, and the S&P 500 appears to have stalled after rallying about 20% from its trade war-induced April low to near-record highs. 'The overall risk profile from the geopolitical situation is still too high for us to be willing to rush back into the market,' said Alex Morris, chief investment officer of F/m Investments in Washington. Meanwhile, protests, organized by the No Kings coalition to oppose Trump's policies, and the assassination of a Minnesota state lawmaker on Saturday, added to downbeat sentiment. U.S. stock futures are set to resume trading at 6 p.m. (2200 GMT) on Sunday. With risky assets sinking, investors' expectations for near-term stock market gyrations jumped. The Cboe Volatility Index, often called the Wall Street 'fear index,' rose 2.8 points to finish at 20.82 on Friday, its highest close in three weeks. Michael Thompson, co-portfolio manager at boutique investment firm Little Harbor Advisors, said he would be watching near-term volatility futures prices for any rise toward or above the level for futures set to expire months from now. 'This would indicate to us that near-term hedging is warranted,' he said.
Toronto Star
31 minutes ago
- Toronto Star
Trump vetoed Israeli plan to kill Iran's supreme leader, US official tells AP
WASHINGTON (AP) — President Donald Trump vetoed a plan presented by Israel to the U.S. to kill Iran's Supreme Leader Ayatollah Ali Khamenei, according to a U.S. official familiar with the matter. The Israelis informed the Trump administration in recent days that it had developed a credible plan to kill Khamanei. After being briefed on the plan, the White House made clear to Israeli officials that Trump was opposed to the Israelis making the move, according to the official who was not authorized to comment on the sensitive matter and spoke on the condition of anonymity.
CBC
an hour ago
- CBC
Carney, Trump to sit down Monday ahead of G7, as hope blooms for a tariff deal
Social Sharing In his first big test at the G7, Prime Minister Mark Carney will meet with U.S. President Donald Trump on Monday morning, according to an official in his office. The Prime Minister's Office said the two leaders will sit down one-on-one before the main talks with the other leaders officially get underway. Carney has been keen to ink a deal with Trump on trade and security, and for the U.S. president to drop his punishing tariffs on Canadian steel, aluminum and the auto industry. Earlier this week CBC/Radio-Canada reported Canada and the U.S. appear to be making progress toward some sort of trade agreement. Sources with direct knowledge of the situation said a working document outlining details of a potential deal has been sent back and forth between Ottawa and Washington. The document is considered a step toward the overall goal of reaching a deal, but sources cautioned work needs to be done before there's an agreement. Carney is far from the only world leader seeking Trump's ear during his trip to Kananaskis, Alta., as his administration pushes an aggressive trade position that's shaking up global markets. The leaders of some of the most powerful democracies will begin landing in Alberta on Sunday ahead of the high-stakes gathering, set against the scenery of the Canadian Rockies and the thundering Bow River. This year's gathering will largely be judged on whether a group built on consensus can actually get along. The G7 — which includes the United States, France, Germany, Japan, the United Kingdom, Italy and Canada, as well as the European Union — has met annually for the past 50 years to form a co-ordinated voice on major issues, including trade and economics, security and climate change. No joint communiqué But the group has become more fractured over the years. The last time Trump attended a G7 in Canada back in 2018, he sent the gathering into disarray and withheld U.S. support from the joint communiqué typically issued at the end of the summit. This year, Canadian organizers are taking a different route and are forgoing the traditional list of priorities and accomplishments that all countries agree to sign. Instead, Canada is looking to secure leaders' approval on a series of short, joint statements focused on concrete actions and outcomes in key areas, a senior government official said ahead of the summit. WATCH | What are Canada's objectives for the G7 summit? What are Canada's objectives for the G7 summit? 23 minutes ago Duration 21:06 This year, Carney has set a list of priorities reflective of the challenging state of the world. They include: war and peace; energy security, with a focus on critical minerals and artificial intelligence; and "securing the partnerships of the future," according to the Prime Minister's Office. With parts of Western Canada still grappling with a devastating fire season, Carney has also put wildfires on the agenda. In addition to the G7 members, leaders from India, Brazil, South Africa, United Arab Emirates, South Korea, Ukraine, Mexico and Australia have been invited for at least part of the proceedings, along with the secretaries general of the United Nations, NATO and the European Union and the head of the World Bank.
