An hour ago
Europe gives Elon Musk 24 hours to respond to misinformation about the war between Israel and Hamas on X
Thierry Breton, the EU’s internal market commissioner, said in a letter addressed to Musk on Tuesday that his office had “indications” that groups were spreading misinformation and “violent and terrorist” content on X, formerly known as Twitter, and called for this on Billionaire must respond within 24 hours.
The letter comes after numerous researchers, news organizations and other groups documented a rise in misleading, false and questionable content on X, causing confusion about the current conflict.
Failure to comply with European rules on illegal content, known as the Digital Services Act, can result in fines of 6% of a company’s annual turnover.
Read the whole story here.
–Jonathan Vanian
An hour ago
White House: Iran ‘complicit’ in Israeli attacks, no direct evidence
White House National Security Advisor Jake Sullivan answers questions during the daily press conference at the White House in Washington, DC on October 10, 2023.
Jonathan Ernst | Portal
National security adviser Jake Sullivan told reporters on Tuesday that Iran was “complicit” in Hamas’ attack on Israel but that there was no evidence linking Tehran to the weekend’s violence.
“We have said from the beginning that Iran is complicit in the broadest sense because it has provided the lion’s share of funding for Hamas’s military wing, provided training, provided capabilities and provided support. “I have had involvement and contact with them over many years Hamas, and all of that contributed to what we saw,” Sullivan said.
“As to whether Iran knew about this attack in advance or helped plan or direct this attack, as of this moment, as I stand here at the podium, we have no confirmation of that.”
– Emma Kinery
2 hours ago
Biden emphasizes martial law as Israel lays siege to Gaza
Smoke rises after Israeli airstrikes in Gaza on October 10, 2023.
Saher Alghorra | AFP | Getty Images
President Joe Biden has stressed the importance of adhering to the laws of war as Israel responds with overwhelming force to Hamas’ devastating terrorist attack that targeted hundreds of civilians.
Biden said he told Israeli Prime Minister Benjamin Netanyahu that if the American people were subjected to terrorism of the kind Israel has suffered in recent days, the U.S. response would be swift, decisive and overwhelming.
The president described Hamas’s deliberate attacks on civilians as “pure, unadulterated evil.”
But Biden said democracies are stronger and safer when they act according to the rule of law.
“Terrorists specifically target and kill civilians. We uphold the laws of war. It’s important – there is a difference,” Biden said in a televised address.
More than 1,000 Israelis have died in Hamas’ attack on towns on the Gaza border. At least 830 Palestinians were killed in Israeli retaliatory strikes.
Israel ordered a “full siege” of Gaza on Monday, cutting off electricity, food and fuel to the densely populated, impoverished enclave.
–Spencer Kimball
2 hours ago
Sullivan says Biden and Netanyahu discussed identifying Hamas terrorists
Palestinians inspect the rubble of a destroyed house after an Israeli airstrike on Khan Yunis in the southern Gaza Strip, October 10, 2023
Yousef Mohammad | Image Alliance | dpa | AP images
National security adviser Jake Sullivan told reporters on Tuesday that he believed Israel was not planning a total siege of the Gaza Strip, but Biden and Netanyahu discussed how to distinguish terrorists from civilians.
“We are consulting with the Israeli government about its actions in this regard,” Sullivan said.
“President Biden and Prime Minister Netanyahu had the opportunity to talk about the difference between going full force against Hamas terrorists and how we differentiate between terrorists and innocent civilians.”
– Emma Kinery
2 hours ago
Secretary of State Blinken will visit Israel in the wake of terrorist attacks
U.S. Secretary of State Antony Blinken boards his plane for the trip to Berlin at Joint Base Andrews, Maryland, on June 22, 2021.
Andrew Harnik | Pool | Portal
Following Hamas’ unprecedented terrorist attacks on Israel, US Secretary of State Antony Blinken will travel to Israel tomorrow.
State Department spokesman Matt Miller announced Blinken’s trip during a daily news conference.
– Amanda Macias
2 hours ago
American Airlines is suspending flights to Tel Aviv until at least December 5th
American Airlines announces it will suspend flights to Tel Aviv until at least December 5th. The airline is now warning its customers of a lengthy interruption to operations as a result of the Hamas attacks and Israeli retaliation.
American Airlines had been offering flights from New York’s John F. Kennedy International Airport until this weekend, when the airline and other U.S. airlines suspended operations following the attacks.
Delta Air Lines announced Monday that it will not operate its nonstop Israeli flights from the United States until at least November 1. United Airlines, which had flown to Tel Aviv more than any other airline, has suspended service indefinitely.
–Leslie Josephs
3 hours ago
No direct connection yet between Israel-Hamas conflict and oil prices: Salisbury from Height Capital
Ben Salisbury, director of research and senior policy analyst at Height Capital Markets, joins “Squawk on the Street” to discuss the important elements to consider in oil price developments in light of the ongoing Israel-Hamas conflict and the centrality Iran plays a role in the global oil market like Saudi Arabia.
–Anuz Thapa
3 hours ago
Biden wants Congress to take “urgent action” on security assistance as the House remains leaderless
President Joe Biden said the White House will call on Congress to take “urgent action” to fund the national security needs of U.S. allies following Hamas’ devastating attack on Israel.
Biden said his administration worked closely with Congress during the crises in Israel and Gaza.
“This is not about party or politics. This is about the security of our world – the security of the United States of America,” the president said.
Congress is currently facing paralysis as the House of Representatives remains leaderless a week after Kevin McCarthy was ousted by a faction of far-right Republicans in a vote of no confidence.
Congress can do little until a new speaker is elected. House Republicans will vote on Wednesday to select a candidate for the office, who will then go to a full vote in the House.
It’s unclear whether the front-runners, House Majority Leader Steve Scalise and Judiciary Committee Chairman Jim Jordan, can get the 217 votes needed to become speaker.
–Spencer Kimball
3 hours ago
Biden confirms Americans are being held hostage, calls Hamas attack ‘plain evil’
U.S. President Joe Biden speaks about the attacks on Israel in the State Dining Room of the White House in Washington, DC on October 10, 2023.
Brendan Smialowski | AFP | Getty Images
President Joe Biden confirmed in a speech Tuesday afternoon that at least 14 Americans have been killed in Israel.
Biden confirmed for the first time that there were Americans among the Hamas hostage takers.
National security adviser Jake Sullivan told reporters after Biden’s speech that the administration believed about 20 or more Americans were missing, but noted that that did not mean all 20 had been taken hostage.
“We don’t know how many hostages we have at this point,” Sullivan said.
– Emma Kinery
3 hours ago
Airline and cruise ship stocks are rebounding after Monday’s selloff
In an aerial view, the Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco on September 30, 2022.
Justin Sullivan | Getty Images
Some travel-related stocks rebounded on Tuesday after selling off during the previous session on a rise in oil prices and the spread of conflict between Israel and the designated terrorist group Hamas.
Shares of United Airlines, Delta Air Lines and American Airlines rose at least 3%. Shares each fell more than 4% during Monday’s session as scores of flights in and out of the country were canceled. JetBlue Airways rose 3.6% while Southwest Airlines rose more than 2%.
Cruise stocks Carnival and Royal Caribbean rose 3.1% and 2.7%, respectively. Hotel stocks Marriott and Hilton each gained around 3%.
—Samantha Subin
Read more about the war’s impact on financial markets in CNBC’s live market blog.
3 hours ago
The conflict between Israel and Hamas is unlikely to have a major impact on the market, says Goldman Sachs’ top strategist
Israeli tanks leave Kibbutz Kfar Aza in southern Israel on October 10, 2023, after inspecting the area bordering the Gaza Strip.
Jack Guez | AFP | Getty Images
David Kostin, chief US equity strategist at Goldman Sachs, does not expect the Israel-Hamas conflict to have a major impact on markets.
“From a human perspective, it’s a tragedy,” Kostin told CNBC’s “Squawk on the Street” on Tuesday. “Basically, it’s about us achieving the profits of the last three months, which is of course looking back. And the outlook going forward is probably more domestic issues that are somehow relevant to a lot of portfolio managers.”
“So it’s less likely to have a big impact on a sustained basis,” Kostin said.
This aerial photo shows heavily damaged buildings after Israeli airstrikes in Gaza City on October 10, 2023.
Belal Al Sabbagh | AFP | Getty Images
Still, the strategist expects other risk factors to continue to weigh on stocks, citing higher yields and oil prices that could hamper stocks’ expansion. He expects the S&P 500 to end 2023 around the 4,300 level, slightly lower than where the broader index last stood at around 4,380. He added that cash was attractive.
However, he does not expect an imminent recession.
—Sarah Min
Read more about the war’s impact on financial markets in CNBC’s live market blog.
4 hours ago
The death toll in Israel exceeds 1,000, an Israeli official says
As fighting continues between Israeli troops and Hamas militants, Israeli forces recover the bodies of Israeli residents from a destroyed house.
Ilia Jefimowitsch | Picture Alliance | Getty Images
A spokesman for the Israeli Embassy in Washington, DC confirmed to NBC News that the death toll in Israel due to the conflict with Hamas had exceeded 1,000.
The conflict was sparked by a surprise air, land and sea attack by Hamas militants in Israel on Saturday.
– Amanda Macias
4 hours ago
Israel is considering state guarantees for Israeli airlines amid war
As Portal reported, Israeli lawmakers said they would debate government guarantees on war risk insurance for the country’s airlines later this week.
To continue flying operations at a time when many airlines have pulled out of the country, the government has asked the parliamentary finance committee for a $5 billion guarantee to cover war risk insurance.
Portal also reported that Turkish Airlines became the latest foreign airline to suspend flights to and from Israel.
–Leslie Josephs
4 hours ago
Nearly 400 US lawmakers support the solidarity resolution with Israel
Nearly 400 House members have backed a resolution expressing U.S. solidarity with Israel and promising to provide security assistance if needed.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, and Rep. Gregory Meeks, D-N.Y., introduced the bipartisan legislation on Tuesday.
McCaul said he expects the House to pass the resolution as one of its first agenda items once Republicans elect a new speaker.
The resolution condemns Hamas’s surprise attack on Israel as “barbaric” and “brutal” and calls on the militant organization to immediately stop all violence and release the hostages it has kidnapped.
The law also condemns Iran’s support of Hamas and Islamic Jihad and calls for full enforcement of U.S. sanctions against Tehran.
–Spencer Kimball
5 hours ago
Biden will strongly condemn Hamas’ terrorist attacks and the ongoing violence in the region
U.S. President Joe Biden speaks about his economic agenda during a visit to Ingeteam Inc.’s Milwaukee factory in Milwaukee, Wisconsin, on August 15, 2023.
Kevin Lamarque | Portal
A White House official confirmed to NBC News that President Joe Biden is expected to strongly condemn the weekend’s Hamas terrorist attacks.
The surprise attacks resulted in the deaths of hundreds of civilians, including at least 11 American citizens, and harrowing reports of widespread kidnappings, rape and torture.
The US leader is expected to announce the steps his government is taking with allies to strengthen Israel’s security.
Biden will speak from the White House at 1 p.m. ET.
– Amanda Macias
5 hours ago
Biden holds nearly 30 internal calls and meetings in the wake of the terrorist attacks in Israel
US President Joe Biden speaks with Vladimir Putin from the White House on December 30, 2021.
Source: White House photo
President Joe Biden has held nearly 30 internal meetings and phone calls following the unprecedented terrorist attacks by Hamas militants in Israel, according to a list obtained by NBC News.
Israeli Prime Minister Benjamin Netanyahu said in a televised address on Monday that the Biden administration has been in constant contact since the attacks on Israeli civilians over the weekend.
Biden spoke to Netanyahu again on Tuesday morning.
Saturday, October 7th
- First briefing by the staff early in the morning
- Secure call with the national security team
- Safe conversation with Israeli Prime Minister Benjamin Netanyahu
- Secure call with the national security team
- Secure call with Vice President Kamala Harris
- Meeting with the national security team
- Meet with the national security team again
- Safe conversation with Secretary of Defense Lloyd Austin
- Safe conversation with National Security Advisor Jake Sullivan
- Telephone conversation with King Abdullah II of Jordan
- Secure call with CIA Director Bill Burns
- Call Senator Cory Booker
- Call Rep. Dan Goldman
- Comments on the statement on Israel
- Statement to put pressure on Israel
- Reconvene the national security team and senior advisors
- Call with Deputy National Security Advisor Jon Finer
- Call the national security team
Sunday, October 8th
- Secure call with the national security team
- Safe conversation with Israeli Prime Minister Benjamin Netanyahu
- Secure call with the national security team
- National Employee Security Update
- National Employee Security Update
Monday, October 9th
- Meeting with the national security team
- Meeting with the national security team
- Call Senator Cory Booker
- Re-meet the national security team
- Joint call with French President Emmanuel Macron, German Chancellor Olaf Scholz, Italian Prime Minister Giorgia Meloni and British Prime Minister Rishi Sunak
- Meeting with the national security team
– Amanda Macias
5 hours ago
UNICEF calls for the immediate and safe release of the children held hostage
Palestinians evacuate the area after an Israeli airstrike on the Sousi Mosque in Gaza City on October 9, 2023.
Mahmoud Hams | AFP | Getty Images
The United Nations International Children’s Fund (UNICEF) warned of the rapidly deteriorating situation due to the Israel-Hamas conflict.
“Less than 72 hours after the horrific violence erupted in Israel, reports suggest that serious rights abuses against children are widespread. Many children were killed or injured, while countless others were subjected to violence,” UNICEF Executive Director Catherine Russell wrote in a statement.
“I remind all parties that in this war, as in all wars, children suffer first and most,” she added.
Russell called for the immediate and safe release of all children held hostage in Gaza.
– Amanda Macias
6 hours ago
The White House cannot yet confirm whether US citizens are being held hostage by Hamas
John Kirby, National Security Council Strategic Communications Coordinator, speaks during the daily briefing in the Brady Press Briefing Room of the White House in Washington, DC, July 26, 2023.
Almond Ngan | AFP | Getty Images
White House National Security Council spokesman John Kirby said the Biden administration could not confirm at this time whether U.S. citizens were being held hostage by Hamas militants.
“We have to prepare for the dire possibility, the likelihood that they could,” Kirby told MSNBC’s “Morning Joe.”
“There are a number of missing Americans. “We expect to hear from many families trying to get information about loved ones they haven’t heard from,” Kirby said.
“Some of these people could be lost, some of them could be injured in hospitals, some of them could be missing, but we have to prepare for the possibility and likelihood that some of them will be held hostage,” he added.
President Joe Biden confirmed Monday that at least 11 U.S. citizens were among those killed in the Israel-Hamas conflict.
– Amanda Macias
6 hours ago
The total death toll exceeds 1,700 as violence between Israel and Hamas continues, authorities say
Israeli forces recover bodies of Israeli residents from a destroyed house as fighting continues between Israeli troops and Islamist Hamas militants.
Ilia Jefimowitsch | Picture Alliance | Getty Images
At least 830 Palestinians and over 900 Israelis have been killed in the ongoing violence, according to the latest official figures.
The Ministry of Health in Gaza said in a Facebook post that at least 830 citizens had been killed and 4,250 injured.
Meanwhile, the Israeli Defense Forces said that more than 900 people were killed and 2,741 injured during the conflict.
–Sam Meredith
7 hours ago
The root causes of the conflict must be addressed to break the cycle of violence: Head of the Palestinian Mission to the UK
The root causes of the Israeli-Palestinian conflict must be addressed to break the cycle of violence and find a just solution, Husam Zomlot, head of the Palestinian mission to the United Kingdom, told CNBC.
“Instead of wasting this precious time talking about the consequences, we should talk about the root causes. And I’m here to talk about the root causes. “Don’t underestimate people’s desire for freedom,” Zomlot said. “This is not about the last 48 hours. It’s about 100 years of complete neglect and dehumanization of the Palestinian people. And this is an opportunity … for all of us to wake up, be courageous and really shout, spade by spade,” he said.
The United Nations classifies Israel as an occupying state over the Palestinian territories, whose occupations and annexations following the 1967 Six-Day War continue to violate international law. Since then, Israel has been accused by the United Nations and human rights organizations of numerous human rights violations against Palestinians, including denying basic services, killing civilians and restricting freedom of movement. Israel says its policies are designed to ensure the security of its people and are the result of the Palestinians’ actions.
“We have failed to bring all of us, the international community, together first and foremost to give people hope and hope,” Zomlot said. “And this is a wake-up call for all of us that we actually need to provide such an alternative path. The Palestinian people have been subjected to oppression and brutality for 100 years.”
— Natasha Turak