Clash with Iran boosts Netanyahu, but Israelis worry about long fight
TEL AVIV — Israeli Prime Minister Benjamin Netanyahu's shaky political position may have been solidified by Israel's campaign against Iran's nuclear facilities and its leadership, but to sustain public support he needs to show the military operation is a success and ensure it doesn't become a protracted conflict, analysts say.
'We are here because we are in the midst of an existential struggle, that all Israeli citizens understand,' said Netanyahu on Sunday afternoon in the central Israeli city of Bat Yam. He spoke at the residential building where an overnight barrage of ballistic missiles from Iran killed 10 people, the third such attack in three nights.
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CBS News
23 minutes ago
- CBS News
State Department cable instructs embassies worldwide to relay U.S. is "not involved" in "unilateral" Israeli strikes on Iran
The U.S. State Department has issued a directive to all of its embassies and consular posts to, "at their discretion," relay or reiterate to their host governments that the United States "is not involved in Israel's unilateral action against targets in Iran and did not provide tanker support," according to a source familiar with its contents. In a communication known as an ALDAC cable — referring to All Diplomatic and Consular Posts — that the source described to CBS News, the department also noted that the United States "remains committed to a diplomatic resolution to the Iran nuclear issue." The cable stressed embassies should communicate to their international counterparts that the "safety and security of all American citizens remains the top priority for the U.S. government," and that "no government, proxy or independent actor should target American citizens, bases, or infrastructure," also adding, "Iran cannot have a nuclear weapon." "The U.S. military remains in a defensive posture to protect U.S. personnel, forces, and infrastructure in the region and to minimize casualties, particularly amid the persistent threat posed by Iranian ballistic missiles," excerpts of the cable said, according to the source. The State Department did not immediately respond to a request for comment. The internal directive comes amid intensifying waves of assaults by Israel and Iran, whose capital city of Tehran was bombarded on Sunday as the fighting began entering a fourth day. More than 220 Iranians and at least 14 Israelis have been killed in the clashes since they began, according to local authorities. Iranian Foreign Minister Abbas Araghchi said Sunday that the United States "is a partner in these attacks and must take responsibility." In a security alert issued Sunday, the U.S. State Department announced that its embassies and consulates in Jerusalem and Tel Aviv would remain closed on Monday, in compliance with Israel Home Front Command Guidance. It urged all U.S. government employees and their family members to continue sheltering in place until further notice. Asked as he was departing Washington, D.C., for the Group of 7, or G7, Summit in Canada how the U.S. was working to de-escalate the conflict, President Trump told reporters on Sunday, "I think it's time for a deal, and we'll see what happens." He said the U.S. would continue to support Israel in its defense, with American officials confirming military forces have been operating by land, sea and air to intercept Iranian missiles. In an earlier social media post, Mr. Trump said if U.S. interests were attacked by Iran, "the full strength and might of the U.S. Armed Forces will come down on you at levels never seen before." Mr. Trump's statements came as previously announced nuclear talks between the United States and Iran were called off. U.S. Special Envoy Steve Witkoff had been slated to travel to Oman on Sunday for a sixth round of direct and indirect negotiations. Iran told mediators in Qatar and Oman it would not negotiate "while under attack," a source with knowledge of the communication told CBS News. —Claire Day contributed reporting
Yahoo
31 minutes ago
- Yahoo
Middle East and Fed meeting top investor worries
Middle East and Fed meeting top investor worries originally appeared on TheStreet. When stocks sell off abruptly, as they did on Friday, many investors start thinking there may be a bargain and look to buy Buying the dip often works. It worked big-time after the 10% sell-off of the Standard & Poor's 500 Index after President Trump released his tariff plan on April 2. Through Friday, the index is up 23.6% from its April low of 4,835.04. 💵💰💰💵 If the S&P 500 had just been unchanged on Friday, the gain would be 25%. In fact, the major U.S. indexes would have ended the week up at least 0.5% if they'd ended Friday unchanged. Instead, the selloff wiped out the week's gains. The results for the week: S&P 500. Friday close: 45,977, down 0.4%. Dow Jones Industrial Average. Friday close: 42,198, down 1.2%. Nasdaq Composite. Friday close: 19,407, down 0.7%. Nasdaq-100. Friday close: 21631, down 0.7%. Russell 2000. Friday close: 2,101, down 1.2%.So, is a buy-the-dip shot possible this week? Possibly just because Friday's slump was pretty violent thanks to the Middle East crisis and a weak consumer confidence report from the University of Michigan. Just before 8 p.m. ET Sunday, futures trading suggested dip buyers are already at work, even as the shooting war between Israel and Iran doesn't look like it's ready to stop yet. That may explain why gains so far are modest. Through Sunday. Israel was attacking as many sites as possible trying destroy military and scientific facilities as well as Iranian leadership. Iran was shooting many missiles all over Israel. Some 200 Iranians are known dead, news reports say, including seven key military leaders and 9 top nuclear scientists. At the same time, at least 13 Israeli citizens have died in the missile a truce can be reached, but the potential is sizable for really bad things to happen such as: Nuclear weapons get fired. Israel attacks Iran's key oil terminal at Kharg Island. Iran could block off the Strait of Hormuz, disrupting global markets for crude oil and liquified natural gas. Still, one can hope. A buy-the-dip rally happened in 1991 in the first Gulf War,. It was apparent that Iraq, which had invaded Kuwait, would be overwhelmed and pushed out by an overwhelmingU.S.-led coalition of troops. A cease-fire was agreed to on Feb. 28. Stocks plunged on the first news of coalition bombings on Jan. 10, but then the S&P 500 surged 18.6% in the next 28 trading sessions without a single down day. The index ended the year up 26.3%. Anyone trying to profit on dip-buying, however, must also keep in mind: It's a good idea to expect higher oil prices after Friday's 7% gain to $72,98 a barrel. Crude oil was up more than $2 a barrel in futures trading Sunday. Some stocks have become pricey, including Oracle () , up 23.7% last week alone. But its relative strength index is at 89, which is a signal the shares are now wildly overvalued. All this is said in the light of the continued uncertainty about U.S. trade policy. The Trump Administration has been trying to impose a new trade regime as quickly as possible, but new agreements with other nations are slow in coming. Meanwhile, it is a light week for earnings reports and only the Federal Reserve meeting on Tuesday and Wednesday as key events to watch. U.S. markets are scheduled to be closed Thursday for the Juneteenth Holiday. What happens at the Fed may cause some volatility. President Trump keeps demanding that the central bank cut its key federal funds rate, now at 4% to 4.25%.A new idea is to name a successor to Chairman Jerome Powell, whose term expires next spring, in hopes that Powell will resign now. So far, the Fed and Powell have resisted saying there's too much uncertainty in the economy. Fund manager buys and sells See a big stock rally ahead? Be patient, money manager says Fund manager, skeptical of AI, backs shocking stock Veteran fund manager sends surprising message on the weak dollar Earnings this week will start with home builder Lennar () , one of the nation's biggest, whose business has been struggling from 30-year mortgage rates at just under 7%. In the first quarter, the company spending 13% of sales just buying to down initial mortgage payments to close sales. Earnings are estimated at $2.60 per share, down 23.1% from a year ago. Revenue is predicted at $8.55 billion, down 2.5% from a year ago. The big day is Friday when consulting giant Accenture () reports third-quarter results before the bell. The company's future has been roiled by the Doge efforts to chop federal spending. The company warned in its second-quarter analyst call that sales and profits would probably drop because of the Doge cuts. Shares are down 11.3% year to date and 22% from an intraday peak of $385.35 on Feb. 5. Accenture still has a market cap of nearly $200 billion. Along with Accenture, supermarket giant Kroger () will also report. Revenue is expected to be down slightly at $45.2 billion. Earnings are seen rising 7.8% to $1.54. Shares are up 7.2% on the year at $65.66. They were even up 0.8% on Friday. Used-car giant CarMax () also reports on Friday, with earnings expected at $1.27, up nearly 30% from a year ago. The revenue estimate is $7.46 billion, up nearly 5%. The shares are down 20.5% African-based Gold producer Gold Fields () , before Tuesday's open. Tech component maker Jabil Inc. () , before Tuesday's open. Management consulting firm Korn Ferry () , before Wednesday's open. Gun-manufacturer Smith & Wesson Brands () , after Wednesday's close. Restaurant operator Darden Restaurants () , before Friday's East and Fed meeting top investor worries first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared. 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CNBC
32 minutes ago
- CNBC
'Closely' watching Israel-Iran to be able to help meet energy needs: Woodside CEO
Meg O'Neill, CEO of Woodside Energy, weighs in on the impact of the Israel-Iran conflict on energy prices and demand. She also adds that the Trump administration's efforts to reduce the trade deficit by asking other nations to buy more U.S. goods, can be an opportunity for the energy trade amid geopolitical uncertainties.
