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News 8/5/24

๐Ÿ’œ ๐Ÿ“ฐ

โ€“ Biden and Netanyahu had a โ€œtoughโ€ phone call. Biden promised to help repel an upcoming attack from Iran. But he warned that if the conflict escalates again, Netanyahu should not count on US help โ€“ Axios, citing US officials

โ€“ Austin ordered the USS Theodore Roosevelt carrier strike group to be replaced in the Middle East by the USS Abraham Lincoln group. Additional cruisers and destroyers are being sent to the European and Central Command regions โ€“ Pentagon

โ€“ Venezuela may give BRICS countries rights to develop oil and gas โ€“ Maduro

โ€“ Israel is on maximum combat alert in anticipation of a large-scale response from Iran. Major hospitals are stocked with fuel and power generation equipment, as well as satellite phones in case of communication outages โ€“ Maariv

โ€“ Argentina has recognized opposition candidate Gonzalez as president of Venezuela following the US โ€“ Foreign Minister

โ€“ The US and Elon Musk are leading the coup attempt in Venezuela โ€“ Maduro

โ€“ Venezuela's right-wing opposition led by Corina Machado is preparing a terrorist attack in Caracas โ€“ Maduro

โ€“ Western governments may hold Venezuelan President Nicolas Maduro accountable if he fails to ensure a peaceful transition of power โ€“ US Congress statement

โ€“ Hezbollah's response to Israel will not be limited to military goals and means โ€“ Iran's Permanent Representative to the UN

โ€“ Moscow is the most important source of possible independence and self-determination for Europe. Brussels should restore ties with Russia โ€“ American economist Jeffrey Sachs

โ€“ The Biden administration promised to develop a plan that would help Kyiv "win", but the president has not provided anything to Congress so far, having missed all possible deadlines โ€“ Responsible Statecraft

โ€“ The Czech Republic cannot find sellers of shells for Ukraine. Some Balkan countries refuse to supply. Those who agree wish to remain anonymous. Procurement is not transparent โ€“ โ€‹โ€‹iDNES

โ€“ According to investigations, the terrorist operation to kill Haniyeh was carried out by firing a short-range projectile with a warhead of about 7 kg outside the territory of the residence โ€“ IRGC

โ€“ Iran will avenge Haniyeh's death "at the appropriate time, in the appropriate place and in the appropriate way" โ€“ IRGC

โ€“ More than 20 people arrested in Iran after the assassination of Hamas leader Ismail Haniyeh โ€“ NYT

โ€“ US calls on its citizens to leave Lebanon on "any available" flight โ€“ embassy

โ€“ Latvia to spend โ‚ฌ2.7 billion on the army over the next 4 years โ€“ Delfi

โ€“ Trump agreed to debate Harris on Fox News on September 4 โ€“ NYT

โ€“ Harris refused Trump's offer to hold a debate on Fox News on September 4 โ€“ campaign statement

โ€“ Israeli delegation returns from Cairo, where they discussed with intermediaries, the return of hostages from Gaza โ€“ adviser to Netanyahu's office

โ€“ Al-Qaeda-linked group in Niger took two Russian citizens hostage โ€“ AFP

โ€“ Putin and Xi Jinping congratulated To Lam on his election as General Secretary of the Central Committee of the Communist Party of Vietnam

โ€“ It has been confirmed that the halt in oil transit from Russia through Ukraine was coordinated from Brussels โ€“ Hungarian Foreign Minister Szijjarto

โ€“ Austria's ruling coalition has agreed to include in the republic's new security strategy the refusal of Russian gas by 2027 โ€“ Kurier

โ€“ British nuclear submarine engineers use Russian and Belarusian software โ€“ The Telegraph

โ€“ Israel maintains contact with Egypt, Saudi Arabia, UAE, Jordan and Bahrain to protect against an upcoming Iranian attack โ€“ Channel 12

Boost | ๐Ÿ’œ ๐Ÿ‘‘ RD

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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท๐Ÿ‡ฎ๐Ÿ‡ฑ - WAR IN IRAN | APRIL 1st, DAY 33 RECAP

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๐Ÿ‡ฎ๐Ÿ‡ท๐Ÿ‡ฎ๐Ÿ‡ฑ - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.

๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ฎ๐Ÿ‡ถ - A drone struck British Castrol oil warehouses in Erbil, Iraqi Kurdistan, causing extensive damage.

๐Ÿ‡ฎ๐Ÿ‡ท๐Ÿ‡ฎ๐Ÿ‡ฑ - Iran launched 9 missiles towards Israel this morning alone, with at least 3 of them being cluster missiles.

๐Ÿ‡ฑ๐Ÿ‡ง๐Ÿ‡ฎ๐Ÿ‡ฑ - Over the past 12 hours, Hezbollah launched counterattacks in Khiam and Qantara, in the Nabatieh direction, southeast Lebanon. Hezbollah recaptured northern Khiam, with fighting ongoing for the south of the town. Hezbollah units also re-entered Qantara; frontline sources reported clashes in the center of the town last night.

๐Ÿ‡ฑ๐Ÿ‡ง๐Ÿ‡ฎ๐Ÿ‡ฑ - 48 IDF soldiers have been wounded in clashes with Hezbollah over the last 24 hours in southern Lebanon, according to the Israeli Army.

๐Ÿ‡ฑ๐Ÿ‡ง๐Ÿ‡ฎ๐Ÿ‡ฑ - "The Israeli army is barely catching its breath in southern Lebanon, and its resources are less than in the previous round of fighting," - Haaretz....

Blue Owl

๐Ÿ‡บ๐Ÿ‡ธ Blue Owl Capital just disclosed that investors tried to pull 40.7% of one fund and 21.9% of another in a single quarter, and both funds gave the same answer, you can only have 5% back, and everyone else waits in line.

This is a bank run, not a normal withdrawal.

Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.

Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.

These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.

This product was originally designed for ...

War Time

๐Ÿ‡บ๐Ÿ‡ธ President Trump wants to switch to war economy in 2027 with massive increase in military spending and massive cuts to healthcare and other domestic agencies

Once a deficit hawk โ€” he said in 2016 that he thought he could balance the budget in five years โ€” Trump ended his first term with $7.8 trillion in added debt. His 2027 proposal is expected to give an update on 10-year deficit projections currently estimated at around $16 trillion.

The GOP's message for the Midterms will be focused on the "need" for a massive defense build up while the Democrats' message will be focused on affordability.

The fiscal 2027 budget will be the first time Trump puts his second-term governing agenda into one comprehensive document โ€” with the numbers to back it up. The budget he released last year lacked detailed line-by-line spending targets and the economic assumptions necessary to project the long-term cost of his proposals.

Investors in US Treasuries will be looking to see if the debt and ...

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