Author: Editor-In-Chief
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted to.In an interview with CNBC, Bessent addressed rumors that the Treasury Department and other government agencies could intervene to lower oil prices.Presidents including Trump have authorized the release or exchange of loans from the Strategic Petroleum Reserve during times of stress in the energy sector, but entering futures markets or using other mechanisms would be unprecedented.The idea would be for the Treasury Department to intervene in the oil futures market…
Indian Prime Minister Narendra Modi, United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan and Iranian President Masoud Pezeshkian attend a family photo during the BRICS Summit in Kazan, October 23, 2024. Maxim Shipenkov | AFP | Getty ImagesMillions of barrels of oil flow to China via the Strait of Hormuz, while India, a longtime ally of Tehran, has yet to secure safe passage for ships stranded in the vital waterway, as New Delhi’s deepening ties with the United States and Israel strain ties with Iran. Two Indian ships carrying liquefied petroleum gas passed through the Strait of Hormuz…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. CNBC’s Brian Sullivan spoke this morning in Paris with Treasury Secretary Scott Bessent, who had just met with his Chinese counterpart. The Cabinet secretary said “logistics” could delay President Trump’s visit to China, which was scheduled for later this month.Stock futures are rising this morning after another losing week.Here are five important things investors need to know to start their trading day.1. Add fuel to the fireGas flares from an oil production platform at the Soroush oil field in the Persian Gulf, 1,250 kilometers…
Bruce Newman wanted to surprise his wife with a trip for her 75th birthday, and the New Brunswick, Canada, retiree thought he had it all planned, recalling their visit to New York a decade ago when she turned 65, and they celebrated with a Broadway show. But last year, as he began to map out the trip, he felt stung first by President Donald Trump’s decision to impose tariffs, and again when talk of re-christening Canada the 51st state was bandied about. The final straw, he said, was watching — with horror — as ICE battled American citizens in Minnesota.…
George Riddard is looking to establish himself as one of Britain’s best boxers under the age of 25.Moses Itauma, just 21 years old, and Adam Azim, 23, have established themselves as rising stars in British boxing. However, Lydard made a name for himself by winning the British and Commonwealth middleweight championships at the age of 23. He won that belt by stopping Kieron Conway in his last match. “That’s the goal for me. I just want to keep moving forward, keep stepping up, keep testing and proving to everyone who I am and that I’m one of the best fighters…
Journalists sometimes indulge in the myths and delusions they claim to be condemning.This lattice trend is on display in an almost dizzying light amid the ongoing fallout from US President Donald Trump’s imprudent decision to join Israeli Prime Minister Benjamin Netanyahu in starting a war with Iran.Like dominoes, a “narrative” gained momentum among America’s “progressive” commentators, claiming that President Trump’s war orders had angered the broader MAGA movement and caused seismic shifts in his fervent base.It is a foolish myth and a seductive delusion.Indeed, a handful of familiar MAGA figures are complaining that the new Middle East conflict betrays the…
Top Shot – Smoke billows from an ongoing fire at Dubai International Airport in Dubai, March 16, 2026. Dubai Airport, previously the world’s busiest airport for international flights, gradually resumed operations on March 16 after a “drone-related incident” caused a fire in a nearby fuel tank as Iran continued its Gulf attacks, the airport operator said. (Photo credit: AFP via Getty Images) / – | AFP | Getty ImagesDubai International Airport resumed a “limited” flight schedule on Monday morning after a drone attack attacked the airport’s fuel depot and caused a fire. “We will be operating a limited schedule from…
China’s Vice Premier He Lifeng, who is also a member of the Politburo of the Communist Party of China Central Committee, shakes hands with US Treasury Secretary Scott Bessent ahead of the first meeting of the China-US Economic and Trade Consultative Mechanism in London, England, June 9, 2025.Li Ying | Xinhua News Agency | Getty ImagesTreasury Secretary Scott Bessent appeared on CNBC’s “Squawk Box” on Monday and said the meeting between President Donald Trump and Chinese leader Xi Jinping may be postponed for logistical reasons. President Trump suggested on Sunday that the summit could be postponed as the United States…
Chiba prefecture — The images of her being bullied by her pen mates, fleeing to safety, and clinging to a similar stuffed animal for comfort have captured hearts around the world. But finally, Punch the Monkey is starting to fit in. And zookeepers told CNN that the seemingly violent video that shocked Punch fans around the world was just part of the growth of the 7-month-old monkey at Japan’s Ichikawa City Zoo. The tiny primate has found new friends and is now relying less on the stuffed orangutan he was given as a replacement for his mother, Shunpei Miyakoshi said…
Gary Neville says Manchester United need to sign at least two top central midfielders in the summer transfer window, and has outlined the players his former club are demanding.United cemented their place in third place with a 3-1 win at Aston Villa on Sunday and moved a step closer to qualifying for the Champions League, but Neville warned they needed reinforcements to cope with a tougher fixture schedule. Manager Michael Carrick has relied on the midfield pairing of Coby Mainu and Casemiro, but the Brazilian is set to leave at the end of the season, leaving the current squad with…