Newsletter Feb 15, 2024

Quick Six

US lawmakers to meet today about national security threat
The United States is facing a new and "serious" national security threat, top officials warned Wednesday, with two media outlets reporting it involves a Russian attempt to build a space-based nuclear capability. The outlets reported that Russia is developing a nuclear, space-based anti-satellite weapon, which Russia has not yet deployed such a capability. The issue will be discussed today between congressional leaders and the White House.
FIND OUT HOW THE TOP-SECRET REPORT WAS LEAKED

Senior Fed official supports 'careful' approach to rate cuts
The US Federal Reserve should be "careful" about the timing of interest rate cuts, a senior bank official said Wednesday, adding to the cautious tone taken by US central bankers in recent months about moving too quickly. The Fed swiftly raised and then held its benchmark lending rate in a so-far successful bid to bring inflation down from multi-decade highs towards its long-term target of 2%.
LATEST INFLATION FIGURES ARE A FACTOR FOR THE FED

Argentina's inflation slows slightly, still tops 250% in January
Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254% year-on-year, the statistics agency said Wednesday. Argentine's newly elected President Javier Milei had warned that the country's battle with inflation was far from over when he took office in December, riding a wave of fury over decades of economic mismanagement.
SEE THE FEW BRIGHT SPOTS IN ARGENTINA'S ECONOMY

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Markets

DJIA	38,424.27	0.40%
S&P 500	5,000.62	0.96%
Nasdaq Composite	15,859.15	1.30%
Japan: Nikkei 225	37,703.32	-0.69%
UK: FTSE 100	7,568.40	0.75%
Crude Oil Futures	76.51	-0.17%
Gold Futures	2,005.20	0.04%
Yen	150.54	-0.04%
Euro	1.07	0.04%
* As of market close

Blinken in Europe to reassure NATO allies

Secretary of State Antony Blinken headed to Europe to quell doubts on US leadership, with Congress divided on providing new aid to Ukraine and presidential contender Donald Trump lashing out at NATO allies. The trip comes as Ukraine is beginning to feel the pinch from a lack of new US weapons and ammunition. Trump, President Joe Biden's likely challenger in November, is pressuring Republicans not to strike a deal in Congress to resume military and economic assistance to Kyiv.

SEE WHY THE HOUSE IS UNLIKELY TO VOTE ON UKRAINE AID

Trump to appear today at hush-money trial

Former President Donald Trump is set to attend an important hearing today, when a timetable for the trial in the New York hush-money case against him will be determined. The hearing holds particular importance as the judge is expected to rule on key pretrial issues, deciding if the trial will proceed as scheduled on March 25. If it goes forward, it would be the first of Trump's four criminal indictments to reach the trial stage.

JURY SELECTION SEEMS IMMINENT IN HUSH-MONEY TRIAL

Shooting spoils KC Chiefs' Super Bowl rally

At least one person died and multiple people were injured when gunfire broke out at the Kansas City Chiefs' Super Bowl rally on Wednesday, triggering panic among huge crowds of fans gathered to celebrate their team's NFL title. Police said two armed individuals were taken into custody following the shooting at Union Station, just yards from where Chiefs players had addressed cheering supporters moments earlier.

GET THE LATEST NEWS ON THE KANSAS CITY CHIEFS' PARADE

Extra point

Super Bowl LVIII was the most watched TV program ever, topping what?

Wednesday's answer: The town of Silver Lake, Colo. (elevation 10,220 feet) received 6.3 feet of snow in a 24-hour period on April 14-15, 1921.

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