President Joe Biden awkwardly claimed that his planned Saudi trip, where it’s expected he’ll mend ties with Saudi Crown Prince Mohammed bin Salman
and ‘move on’ from the issue of the Jamal Khashoggi murder, has not much to do with energy.
President Joe Biden awkwardly claimed that his planned Saudi trip, where it’s expected he’ll mend ties with Saudi Crown Prince Mohammed bin Salman (MbS) and ‘move on’ from the issue of the Jamal Khashoggi murder, has not much to do with energy. He had this exchange with reporters outside of Air Force One on Sunday:
Reporter: “Have you decided, sir, whether to go to Saudi Arabia?”
Biden: “No, not yet.”
Reporter: “What would be holding up the decision at this point? Are there commitments you’re waiting for from the Saudis on the negotiations over peace talks?”
Biden: “No, no, the commitments from the Saudis don’t relate to anything to do with energy.”
In the Sunday exchange with reporters, Biden said further, “It happens to be a larger meeting taking place in Saudi Arabia. That’s the reason I’m going. And it has to do with national security for them – for Israelis.” He continued, “I have a program, anyway. It has to do with much larger issues than having to do with the energy price.”
Ironically, the Democratic president is suggesting this is really focused on a furtherance of Trump’s Abraham Accords. After the UAE and Israel established ties under the accords, along with several other Arab states, there’s been talk that Saudi Arabia could be next.
“I have a program”....didn’t Biden try to take partial credit for the Abraham Accords?
Yeah, sure, Joe.....YOU have a program.
What a complete embarrassment. 🤦♀️
Opening Hell! Markets In Sea Of Red Thanks To Global Slowdown And Fed Signals Of Tightening (Global Markets In Sea Of Red)
Confounded Interest ^ | 06/13/2022 | Anthony B. Sanders
Posted on 6/13/2022, 9:02:10 AM by Browns Ultra Fan
Today's opening bell is “Opening Hell!”
US Treasury 10Y yields are up +12.1 basis points as of 9:40am EST. And rising across the globe.
Equity markets? Dow is down -621.93 points and the NASDAQ is down almost -3%. But equity markets are down across the globe.
Commodities? Once again, all commodities in the red except corn (which I don't eat) and natural gas.
Speaking of opening hell. The US Treasury 10Y-2Y yield flattened to 7 basis points.
Markets are in a “Sea of Red.”
President Joe Biden awkwardly claimed that his planned Saudi trip, where it’s expected he’ll mend ties with Saudi Crown Prince Mohammed bin Salman
and ‘move on’ from the issue of the Jamal Khashoggi murder, has not much to do with energy.