Trump Positions Nuclear Submarines Following Criticism From Former Russian Leader
Trump, in a Friday social-media post, criticized Medvedev, who earlier this week said Trump's threat of new sanctions on Russia is a 'step towards war.'
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Trump, Putin meeting agreed on, Kremlin says
The United States and Russia have agreed on a meeting "in the coming days" between President Trump and his Russian counterpart, Vladimir Putin, the Kremlin said Thursday. Putin's foreign affairs adviser Yuri Ushakov said a place has been chosen and will be announced later and the two sides are working out details but are targeting next week for the session. The meeting would be their first since Mr. Trump returned to office. The Kremlin announcement came after Mr. Trump said Wednesday there's a "good chance" he will meet with Putin and Ukrainian President Volodymyr Zelenskyy soon — as Mr. Trump presses Russia to end its three-year invasion of Ukraine. White House Press Secretary Karoline Leavitt said Wednesday that Russia suggested a meeting between Mr. Trump and Putin, and Mr. Trump is "open" to the idea of a meeting with both Russia and Ukraine's leaders. Asked hours later whether Putin and Zelenskyy had agreed to a summit, Mr. Trump told reporters "there's a very good prospect that they will." He said it's not clear where the meeting would take place. Mr. Trump's comments came just before his Friday deadline for Russia to either strike a ceasefire deal with Ukraine or face sanctions. It wasn't clear how the announcement of the Trump-Putin meeting would affect that deadline. Putin met with Mr. Trump's envoy, Steve Witkoff, in Moscow earlier Wednesday. The U.S. president called the hours-long meeting "highly productive" and wrote in a Truth Social post that "great progress was made" — a change of tone after Mr. Trump expressed frustration with Russia for much of last month. Ushakov said Thursday that Whitkoff mentioned the idea to Putin of a trilateral meeting of Putin, Mr. Trump, and Zelensky, but Moscow "left this option completely, without comment." Mr. Trump also held a call Wednesday with European leaders and NATO Secretary-General Mark Rutte. A senior Trump administration official told CBS News earlier Wednesday the meeting between Witkoff and Putin "went well." "The Russians are eager to continue engaging with the United States," the official said. Asked about the Witkoff-Putin meeting, Secretary of State Marco Rubio said: "We'll have some other discussions throughout the day, and then hopefully there'll be some announcements here fairly soon. Maybe positive, maybe not. We'll see." Zelensky on Thursday called for a face-to-face meeting with Putin to try to end the war, French news agency AFP reports. "We in Ukraine have repeatedly said that finding real solutions can be truly effective at the level of leaders," Zelensky wrote on social media. He also said he spoke with German Chancellor Friedrich Merz and that "Europe must be a participant in the relevant processes." "Ukraine is not afraid of meetings and expects the same bold approach from the Russian side," Zelenskyy said. "It is time to end the war. Thanks to everyone who helps!" Mr. Trump has pressed both Russia and Ukraine to reach a ceasefire, but he has oscillated between blaming Putin and Zelenskyy for a lack of progress. In recent weeks, Mr. Trump has grown irritated with Putin over Russia's continued attacks on Ukrainian cities. Last week, Mr. Trump demanded that Putin strike a ceasefire deal with Ukraine within 10 days, or Russia could face repercussions, including sanctions on Russia and countries that do business with it. That deadline runs out on Friday. "The secondary sanctions are still expected to be implemented on Friday," the senior Trump administration official told CBS News following the Putin-Witkoff meeting. Mr. Trump has already begun targeting some Russian trading partners, slapping an additional 25% tariff on Indian goods Wednesday because the South Asian country continues to buy oil from Russia. That brings the total tax on Indian imports to 50%. Former Russian President Dmitry Medvedev — the deputy chair of Russia's security council — responded to Mr. Trump's sanction threats last week by warning: "Each new ultimatum is a threat and a step towards war." Mr. Trump called Medvedev's statement "highly provocative" and said he was ordering two submarines to be "positioned in the appropriate regions" in response. At other points, Mr. Trump has lashed out at Zelenskyy and accused him of prolonging Russia's invasion, which began in February 2022. He publicly argued with the Ukrainian leader in an Oval Office meeting, and in at least two cases, his administration has temporarily paused crucial U.S. military aid to Ukraine before restoring the shipments. Sneak peek: The Strange Shooting of Alex Pennig Quadruple murder suspect captured in Tennessee, officials confirm Neil deGrasse Tyson weighs in on plans for a moon-based nuclear reactor
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Trump calls on Intel CEO to resign
(Reuters) -President Donald Trump on Thursday called for the Intel new CEO Lip-Bu Tan to immediately resign, saying he is "highly conflicted" after questions arose about his ties to Chinese firms. "There is no other solution to this problem," he said in a Truth Social post. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Stock market today: Dow, S&P 500, Nasdaq futures rise as Trump hints at chip tariff carveout
US stock futures edged higher on Thursday as President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. At the same time, Trump's hint of a carveout for coming duties on semiconductors boosted tech for a second consecutive day. Futures attached to the Dow Jones Industrial Average (YM=F) gained 0.6%. Futures attached to the benchmark S&P 500 (ES=F) were up 0.7%, and those on tech-heavy Nasdaq 100 (NQ=F) rose 0.8%. Trump's deadline for trade deals landed at 12:01 a.m. ET on Thursday. Imports from nearly 200 countries now face duties ranging from 10% to 50%, and the overall average effective tariff rate is projected to jump to 18.3%. Read more: The latest on Trump's tariffs Apple (AAPL) shares climbed Thursday in premarket trading as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky. The president also revealed at the press conference that he plans to eventually set a 100% tariff on semiconductors. Companies like Apple that commit to building in the US, however, will be exempt from the tariff, he said. Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT) reported earnings after the bell. DoorDash shares jumped premarket on an upbeat forecast driven by resilient delivery demand. Airbnb and Lyft, meanwhile, fell on disappointing guidance. On Thursday, in addition to grappling with the latest trade policy shifts, Wall Street will receive new data on weekly jobless claims. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. TSMC hits record; Taiwan says tech giant exempt from US tariffs Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. TSMC hits record; Taiwan says tech giant exempt from US tariffs Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Sign in to access your portfolio
