NYSE Content Advisory: Pre-Market update + Wall Street responds to geopolitical events
NEW YORK, June 13, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on June 13th
The major indexes are looking at losses Friday morning after tensions rose in the Middle East overnight.
European stocks fell and oil surged more than 9% at one point.
President Trump posted to Truth Social, urging Iran to make a nuclear deal. The President had been pursuing a U.S. – Iran nuclear deal with negotiations.
Opening Bell
Catholic Charities NY and the Cardinal's Committee for Charity celebrates its mission of providing help and creating hope for New Yorkers in need.
Closing Bell
VOYA (NYSE: VOYA) celebrates the 20 th anniversary of their Target Date Funds.
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CTV News
6 hours ago
- CTV News
Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms
WASHINGTON — U.S. President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a 'national security agreement' submitted by the federal government. Trump's order didn't detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately US$11 billion in new investments will be made by 2028 and includes giving the U.S. government a 'golden share' — essentially veto power to ensure the country's national security interests are protected. 'We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership,' the two companies said. 'This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.' The companies have completed a U.S. Department of Justice review and received all necessary regulatory approvals, the statement said. 'The partnership is expected to be finalized promptly,' the statement said. The companies offered few details on how the golden share would work and what investments would be made. Trump said Thursday that he would as president have 'total control' of what U.S. Steel did as part of the investment. Trump said then that the deal would preserve '51 per cent ownership by Americans.' The Japan-based steelmaker had been offering nearly $15 billion to purchase the Pittsburgh-based U.S. Steel in a merger that had been delayed on national security concerns starting during Joe Biden's presidency. Trump opposed the purchase while campaigning for the White House, yet he expressed optimism in working out an arrangement once in office. 'We have a golden share, which I control,' said Trump, although it was unclear what he meant by suggesting that the federal government would determine what U.S. Steel does as a company. Trump added that he was 'a little concerned' about what presidents other than him would do with their golden share, 'but that gives you total control.' Still, Nippon Steel has never said it was backing off its bid to buy and control U.S. Steel as a wholly owned subsidiary. The proposed merger had been under review by the Committee on Foreign Investment in the United States, or CFIUS, during the Trump and Biden administrations. The order signed Friday by Trump said the CFIUS review provided 'credible evidence' that Nippon Steel 'might take action that threatens to impair the national security of the United States,' but such risks might be 'adequately mitigated' by approving the proposed national security agreement. The order doesn't detail the perceived national security risk and only provides a timeline for the national security agreement. The White House declined to provide details on the terms of the agreement. The order said the draft agreement was submitted to U.S. Steel and Nippon Steel on Friday. The two companies must successfully execute the agreement as decided by the Treasury Department and other federal agencies that are part CFIUS by the closing date of the transaction. Trump reserves the authority to issue further actions regarding the investment as part of the order he signed on Friday. Associated Press writer Marc Levy in Harrisburg, Pa., contributed to this report Josh Boak, The Associated Press
Winnipeg Free Press
6 hours ago
- Winnipeg Free Press
Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms
WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a 'national security agreement' submitted by the federal government. Trump's order didn't detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a 'golden share' — essentially veto power to ensure the country's national security interests are protected. 'We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership,' the two companies said. 'This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.' The companies have completed a U.S. Department of Justice review and received all necessary regulatory approvals, the statement said. 'The partnership is expected to be finalized promptly,' the statement said. The companies offered few details on how the golden share would work and what investments would be made. Trump said Thursday that he would as president have 'total control' of what U.S. Steel did as part of the investment. Trump said then that the deal would preserve '51% ownership by Americans.' The Japan-based steelmaker had been offering nearly $15 billion to purchase the Pittsburgh-based U.S. Steel in a merger that had been delayed on national security concerns starting during Joe Biden's presidency. Trump opposed the purchase while campaigning for the White House, yet he expressed optimism in working out an arrangement once in office. 'We have a golden share, which I control,' said Trump, although it was unclear what he meant by suggesting that the federal government would determine what U.S. Steel does as a company. Trump added that he was 'a little concerned' about what presidents other than him would do with their golden share, 'but that gives you total control.' Still, Nippon Steel has never said it was backing off its bid to buy and control U.S. Steel as a wholly owned subsidiary. The proposed merger had been under review by the Committee on Foreign Investment in the United States, or CFIUS, during the Trump and Biden administrations. The order signed Friday by Trump said the CFIUS review provided 'credible evidence' that Nippon Steel 'might take action that threatens to impair the national security of the United States,' but such risks might be 'adequately mitigated' by approving the proposed national security agreement. Monday Mornings The latest local business news and a lookahead to the coming week. The order doesn't detail the perceived national security risk and only provides a timeline for the national security agreement. The White House declined to provide details on the terms of the agreement. The order said the draft agreement was submitted to U.S. Steel and Nippon Steel on Friday. The two companies must successfully execute the agreement as decided by the Treasury Department and other federal agencies that are part CFIUS by the closing date of the transaction. Trump reserves the authority to issue further actions regarding the investment as part of the order he signed on Friday. ___ Associated Press writer Marc Levy in Harrisburg, Pa., contributed to this report.
Calgary Herald
7 hours ago
- Calgary Herald
All eyes on Donald Trump: Leaders' guide for G7 summit in Kananaskis
Article content What he wants to avoid: Anything that might upset the U.K.-U.S. trade deal which is still to be implemented. Starmer wants the accord to come into force as soon as possible so that the U.K. doesn't run the risk of falling victim to future tariff threats. He also wants to steer clear of an disputes between Trump and Carney, which the U.K. is liable to get sucked into because Canada is part of the British Commonwealth. Article content What he really fears: Getting caught at the scene of the crime. If Trump does something outrageous that would put Starmer in a bind: speak out and he risks retaliation from the White House, keep quiet and he could look weak at home. And the British press will be asking him to comment on whatever Trump does throughout. Article content Article content What she wants: Italy's prime minister just wants to get in and out of Banff unscathed. She has a good relationship with Trump and a good relationship her European colleagues and has no major policy goals for this meeting. With her domestic situation looking slightly delicate, her aim is to make sure nothing rocks the boat. Article content Article content What they want: The EU's two main representatives will be focused on Ukraine and on trade. They want to persuade Trump to drop his opposition to their plan to lower the price cap on Russian oil and they are also looking for the strongest backing that they can for Ukraine's future independence and military support, and clarity on global trade. Article content What they want to avoid: Any curveballs from Trump and his trade advisers that might throw their tariff negotiations off track. Article content What they really fear: A major blow-up before the NATO summit. European leaders will be treading on eggshells until they have secured Trump's renewed commitment to defend NATO allies.
