Amazon has room to go higher even after this year’s 58% rally, Stifel says

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Amazon ‘s sheer scale and potential for margin improvements should give it a leg up, according to Stifel. The firm initiated coverage of the e-commerce behemoth with a buy rating and a price target of $173. This implies 30% upside from Monday’s close. Shares of Amazon have rallied nearly 58% this year. Despite this, analyst Mark Kelley said the stock’s valuation is attractive. AMZN YTD mountain AMZN ytd chart Kelley pointed out that, since its inception, Amazon has overtaken other e-commerce platforms in terms of sheer scale. This includes its massive selection of items, vast fulfillment network (with some of the shortest delivery windows) and broad third-party seller resources. “While scale matters for its core retail business, it is also the foundation upon which its related businesses have been built (Prime Membership, Advertising, etc.) in addition to the many tangential businesses that contribute to the overall success of Amazon today (AWS, other subscriptions, hardware, and others), and those that may reach greater scale in the future (Amazon Business, healthcare, and others),” the analyst wrote. After Amazon ramped up its fulfillment network and shifted to a more regionalized network versus national, Kelley also expects further upside to operating margins back to pre-Covid levels. The analyst also thinks that there’s more upside potential in Amazon’s digital advertising business, projecting the company’s advertising revenue to reach $64 billion in 2025 versus its $38 billion level in 2022. “The company has expanded beyond retail media to other advertising options, and announced on September 22, 2023 that it would start to include “limited” ads on its Amazon Prime Video platform, starting in early 2024,” Kelley wrote. “We also note that Amazon offers broader ad tech tools and is now a Pinterest advertising partner, offering Amazon advertisers as an incremental demand source.” As an additional catalyst, Kelley pointed towards Amazon’s relative strength in weathering consumer discretionary headwinds. He also noted the company’s likelihood to outpace its peers. Kelley’s comments comes after Amazon held its Prime Big Deal Days event earlier this month. The company said this year’s sales outpaced those of last year’s event . — CNBC’s Michael Bloom contributed to this report.

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US needs to 'rearm,' close border, seat a speaker to confront growing threats amid Israel war, experts warn

As the nation sees an uptick in foreign nationals illegally crossing into the United States who hail from countries like Iran, Lebanon and Syria following the Palestinian incursion into Israel, top lawmakers and experts said it is time for the U.S. to “rearm” and that Congress must seat a speaker now.

Rep. Mike Gallagher, R-Wis., the chairman of the House Select Committee focusing on threats from China, said news that the Pentagon has called up 2,000 service members to be ready-to-deploy to Israel shows how precarious America’s security is.

Gallagher told “The Story” that whether the troops are deployed in support and not combat-related capacities, it is still dangerous for them. The United States must make sure it is making the right decisions to keep the homeland safe.

“[W]e still have a long way to go because, as you know, we have not funded the military yet. We’ve not made a generational investment in key weapons systems that not only our military needs, but our allies like Israel, our closest ally in the Middle East, needs,” he said, adding that a stymied House of Representatives could undermine readiness.

EGYPT WARNED ISRAEL OF ATTACK, HOUSE FOREIGN AFFAIRS CHAIRMAN CLAIMS

Israel defense force armored personnel carrier vehicle

Israeli forces establish heavily armed control points along the border as Israel tightens measures by the army, police and other security forces after Hamas launched Operation Al-Aqsa Flood in Sderot, Israel over the weekend.  (Mostafa Alkharouf/Anadolu Agency via Getty Images)

“Right now, we’re falling down on the job. So my hope is we can get a [House] speaker chosen tomorrow and start doing things like passing a defense bill that has robust oversight but robust funding so that our troops, when they’re sent into harm’s way, have the training and resources they need to come home safely,” Gallagher said.

Amid a report that more than 151 individuals on the terror watchlist were apprehended at the southern border since the fiscal year recently began, a former FBI investigator added that protecting the U.S. from threats like Hamas begins by screening who should be allowed in.

Bill Daly said recent comments from FBI Director Christopher Wray on national security threats makes him believe there is at least an “ambient concern” in that regard.

“What’s concern[ing] here is kind of both homegrown individuals who may have a propensity to commit an act of violence; of hate. And all they need to do is either see something on television, see someone in their community, see a protest, and it kind of invigorates them,” Daly added, noting how law enforcement is taking steps to protect houses of worship and areas with predominant populations of Jews and Muslims.

GRAHAM TO SQUAD: ‘SHUT THE HELL UP’

He noted that the 9/11 Commission found the terrorists who committed those attacks used America’s security tactics against it, by taking advantage of a flaw in the visa system to arrive in the U.S. legally. Two terrorists overstayed their visas, he recalled.

“So I think we have to take a hard look at everything we’re doing,” Daly said. “But the southern border, being as porous as it is, now is the time we shouldn’t shake our heads and say, what have we been doing for the past number of years by not stopping this.”

In response to the antisemitic terror from Hamas, New York City Mayor Eric Adams issued a strong public statement pronouncing to the Jewish population in the city – the largest of any place outside Israel – that “your fight is our fight.” 

“We will not be all right until every person responsible for this act is held accountable,” Adams said.

Daly said Adams’ call is important in terms of seeking to unify Americans, while other observers noted the Democrat received rare bipartisan praise.

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In terms of unity, Gallagher said the war in Israel is a reminder that malign nations have been waging a “cold war” against the West for some time, and that America’s recent pivot toward “neo-isolationism” may allow countries like Iran and China to align against it.

“And these are countries that have divergent interests, but increasingly their shared overwhelming interests in undermining America, destroying American global leadership and severing our traditional alliance structures is causing them to collaborate,” he said.

“This is a moment for America. This should be a wake-up call moment. It is time for us to rearm, get serious, and start leading the free world once again.”

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New York City to limit migrant family shelter stays to 60 days, mayor announces



CNN
 — 

Migrant families staying in New York City shelters will be required to leave those facilities after 60 days and reapply for placement, according to a new rule announced by Mayor Eric Adams on Monday.

The move is the administration’s most significant attempt to date aiming to reduce resources dedicated to more than 64,000 migrants currently in the city’s shelter system.

“As the city still seeks further and timely support from federal and state partners, it will begin providing 60 days’ notice to families with children seeking asylum to find alternative housing along with intensified casework services to help them explore other housing options and take the next steps in their journeys,” the administration said in a statement.

A spokesperson for Adams told CNN the new rule will take effect next week and notices would be given out on a “rolling basis” starting with families who have been in the system the longest.

More than 126,000 migrants have arrived in New York City since last spring and the city estimates there are 64,100 migrants currently in the shelter system. A spokesperson for the mayor did not respond when asked how many of the more than 64,000 people currently in the system are families with children.

The 60-day rule is likely to displace tens of thousands of homeless migrant children who are currently enrolled in the city’s public school system and could create new difficulties for families who may be forced to relocate to another shelter not near their children’s school.

As part of the change in policy, the city is also expected to open a new shelter site at Floyd Bennett Field in the coming weeks designed to serve about 500 families with children who are seeking asylum. Floyd Bennett Field, located in Brooklyn, will house families in a “semi-congregate setting,” and provide “privacy dividers with locks.”

The Legal Aid Society and the Coalition for the Homeless criticized the new change over fears how it could, among over things, impact educating migrant children.

“This new policy, along with the City’s announcement that it will place families with children in semi-congregate settings at Floyd Bennett Field, will disrupt access to education, which has provided much needed stability for our newest neighbors and also cause chaos for school administrators. We are also concerned about access to medical care and other vital services,” the groups said in a statement.

As it struggles to keep up with the demand, the city has issued emergency orders that allow it to bypass several rules and laws that govern how it manages the homeless shelter populations and the standards they are required to keep up – such as guaranteeing access to stoves and private bathrooms for families, access to clean linens and beds that are properly spaced out in congregate settings.

Families are not allowed to be housed in congregate settings, nor does the city set a limit on how long a homeless family can stay in a city shelter.

Advocates warned the city is pushing the limit when it comes to following the law and litigation could soon follow.

“Sheltering families with children in cramped and open cubicles at Floyd Bennett Field not only raises serious legal questions, but runs afoul of this Administration’s previous statements to provide safe and appropriate shelter to this extremely vulnerable population,” Legal Aid and the Coalition for the Homeless said in a statement. “Private rooms, not open cubicles, are needed to ensure the safety of families with children and to reduce the transmission of infectious disease, among other obvious reasons.”

It’s not the first time the Adams administration has limited migrant stays in city run shelters.

Last month, the city imposed a new rule forcing migrant adults to leave the shelter system after 30 days. After vacating, adults are sent to the Roosevelt Hotel in Manhattan, which has become a one-stop center for migrants in need of city services. Once at the hotel, adult migrants are required to reapply for shelter, a complicated process that is often long and results in hours-long wait times, which advocates say is disruptive to people who are already struggling to establish themselves in a new country.

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Tim Scott responds to Trump’s criticism of Israel PM Netanyahu: ‘Terrible and not helpful’

Latest & Breaking News on Fox News 

Sen. Tim Scott, R-S.C., on Monday criticized former President Trump’s recent comments attacking Israeli Prime Minister Benjamin Netanyahu as “terrible and not helpful” amid Hamas’ terrorist attacks against the Jewish State.

Scott, a presidential candidate seeking the Republican nomination in 2024, made the comments about his GOP primary opponent’s remarks during an event hosted by the Georgetown Institute of Politics and Public Service and The Associated Press.

“We should be loyal to our allies while being lethal to our adversaries. Anything less than that jeopardizes life,” the South Carolina Republican said.

More than 4,200 people have been killed in Gaza and Israel since Hamas launched its Oct. 7 attack, leading to retaliatory action from Israeli forces. Thousands more have been wounded, and many others have been taken hostage by Hamas and raped, tortured and murdered.

ISRAELI OFFICIAL SAYS ‘SHAMEFUL’ TRUMP COMMENTS ON NETANYAHU ‘ WOUND THE SPIRIT’ OF THOSE FIGHTING HAMAS

Trump blasted Netanyahu during a speech on Wednesday, saying the Israeli prime minister “let us down” shortly before the U.S. military assassinated top Iranian general Qassem Soleimani in early 2020. The Republican front-runner also suggested that Netanyahu’s conversations with the Biden administration helped Hezbollah, a terror group Israel fears may launch an attack from the country’s north.

The former president also said Israel’s intelligence agencies needed to “step up their game” for not detecting Hamas’ attack, and he referred to Hezbollah as “very smart.”

On Friday, Trump changed his tune regarding the Israeli prime minister after backlash from fellow Republicans. In a post on his social media platform Truth Social, Trump said he stands with Israel and Netanyahu.

Scott, meanwhile, offered high praise to Netanyahu for displaying “passion” and “humanity” when responding to Hamas’ largest attack against Israel in decades.

SEN. COTTON URGES DHS TO DEPORT FOREIGN NATIONALS WHO SUPPORT HAMAS: ‘NO PLACE IN THE UNITED STATES’

“One of the first things that Israel’s done is they waited,” Scott said. “Now how Prime Minister Netanyahu had the kind of restraint to refrain from immediate action, it just talks about the morality and the humanity that we see coming from Netanyahu into Gaza.”

The senator also spoke on whether the U.S. should accept Palestinian refugees. Scott said he does not believe it is the right move to take in the refugees because the Biden administration will not be able to determine “who is safe to bring in, who’s not safe to bring in.”

Scott’s comments about Palestinian refugees mirror statements from other Republicans, including presidential candidate and Florida Gov. Ron DeSantis and Arizona Rep. Andy Biggs.

“I don’t know what Biden’s gonna do, but we cannot accept people from Gaza into this country as refugees,” DeSantis said during a campaign stop in Iowa. “I am not going to do that. If you look at how they behave, not all of them are Hamas, but they are all antisemitic. None of them believe in Israel’s right to exist.”

Additionally, Sen. Marco Rubio, R-Fla., said the Biden administration should rescind visas of foreign nationals who defend or support Hamas and Sen. Tom Cotton, R. Ark., urged the Department of Homeland Security to deport foreign nationals, including those on student visas, who have expressed support for Hamas in the wake of the terror attack on Israel.

“The appalling explosion of anti-Semitism in the United States over the past few weeks should disturb anyone who shares American values,” Cotton said. “While American citizens may have a First Amendment right to speak disgusting vitriol if they so choose, no foreign national has a right to advocate for terrorism in the United States.”

 

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Israel-Hamas war live updates: Biden to visit Israel Wednesday ‘in solidarity’; roughly 500,000 Israelis internally displaced

US Top News and Analysis 

Roughly half a million Israelis have been internally displaced, largely “at their own merit and at their own initiative” for their safety amid the Israel-Hamas war, an Israeli military spokesperson said.

That includes evacuations from all of Israel’s southern area close to the Gaza border as well as several settlements in Israel’s north near its border with Lebanon.

President Joe Biden will visit Israel on Wednesday, Secretary of State Antony Blinken said. “He’s coming here at a critical moment for Israel, for the region and for the world,” Blinken announced during a brief press conference at the U.S. Embassy in Tel Aviv.

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Chinese officials urge cease-fire in Israel-Hamas war as Gaza awaits ground invasion

The White House has so far fully supported what it says is “Israel’s right to defend itself.” Israel is on its 11th day of an aerial bombardment campaign of the Gaza Strip, over which it has ordered a total siege, cutting off water, food and electricity supplies to a population of 2 million people.

The siege, which human rights groups have criticized for breaking humanitarian law, comes in response to a brutal terrorist attack by Hamas on Oct. 7. The death toll from the conflict so far has risen to at least 1,400 people killed in Israel and more than 2,700 people killed in Gaza. The Israeli government says that Hamas is holding at least 199 hostages kidnapped from Israel.

U.N. human rights office says Israel’s Gaza evacuation is ‘forcible transfer’

Israel’s Gaza evacuation order could amount to a crime of “forcible transfer” in breach of international law, according to a spokesperson for the U.N. human rights office.

“We are concerned that this order, combined with the imposition of a complete siege of Gaza, may not be considered as lawful temporary evacuation and would therefore amount to a forcible transfer of civilians in breach of international law,” Ravina Shamdasani said, according to Reuters.

The Rome Statute of the International Criminal Court lists the “deportation or forcible transfer of population” as a type of crime against humanity, which it punishes. The Palestinian Authority accepted the Rome Statute in 2015, “thereby accepting the jurisdiction of the Court over alleged crimes committed in the occupied Palestinian territory, including East Jerusalem, since June 13, 2014,” the ICC says.

Israel has signed but not ratified the Rome Statute and contests the ICC’s authority to carry out such an investigation.

Human rights organizations have decried the humanitarian impact of the siege and resource deprivation inflicted by Israel against the Gaza Strip since last week in its retaliatory strikes against Palestinian militant group Hamas.

Ruxandra Iordache

Hamas says crossings official killed in Israeli airstrike

Palestinian militant group Hamas said its official appointed to oversee crossings out of the Gaza Strip has been killed in an Israeli air strike.

General Fouad Abu Butihan died in a strike on Nuseirat in central Gaza, Hamas said on Telegram, according to a Google translation. CNBC could not independently verify the report.

The besieged Gaza Strip is bordered by Israel, the sea and the Rafah crossing leading into Egypt.

Israeli military has said it is targeting Hamas’ armed positions in the Gaza Strip with the aim of stripping away all of the group’s military capabilities.

Ruxandra Iordache

Germany’s Scholz warns Iran, Hezbollah not to intervene in conflict

German Chancellor Olaf Scholz on Tuesday warned Iran and Lebanese militant group Hezbollah not to become involved in the ongoing Israel-Hamas hostilities.

“I expressly warn Hezbollah and Iran not to intervene in the conflict,” Scholz said Tuesday, in commented reported by Reuters. He spoke after a meeting with Jordanian King Abdullah in Berlin.

Scholz is expected to visit Israel in an expression of solidarity on Tuesday, according to domestic and international media reports — a day before the scheduled arrival of U.S. President Joe Biden.

German Chancellor Olaf Scholz and Jordanian King Abdullah II (not pictured) speak to the media on Oct. 17, 2023 in Berlin, Germany.
Sean Gallup | Getty Images News | Getty Images

The international community has largely condemned the Oct.7 terrorist attacks perpetrated by Iran-backed Palestinian militant group Hamas, with fear now mounting over a potential spill-over of the conflict into the wider Middle East following repeated fire exchanges between Israel and Hezbollah.

Iran’s foreign minister on Monday evening warned that so-called resistance groups could take “pre-emptive action” against Israel in “the coming hours,” without supplying details.

Ruxandra Iordache

Nearly half a million Israeli people displaced, military says

Roughly half a million Israeli people have been internally displaced, largely “at their own merit and at their own initiative” to avoid civilian damage in the ongoing conflict with Palestinian militant group Hamas, Israeli Defense Forces spokesperson Jonathan Conricus said during an overnight press update.

“We’ve evacuated all of southern Israel close to the border, close to Gaza. Most of Sderot has been evacuated, parts of Ashkelon has been evacuated, and those are cities with tens of thousands of people,” he said, noting that official evacuation instructions have now been sent to Sderot and other communities near the Gaza Strip , while the residents of more than 20 Israeli settlements in the north have been displaced.

Israel’s Ministry of Defense on Monday said it would evacuate civilians from 28 communities near northern Israel up to 2 kilometers (1.24 miles) from the Lebanese border to state-funded guesthouses.

The internal Israeli displacements come amid an anticipated Israeli ground incursion into the Gaza Strip, along with ongoing fire exchanges with Lebanese militant group Hezbollah since last week.

They also come around the same time as evacuations in the embattled Gaza Strip, where more than 1 million people — or nearly half the local population — were internally displaced, the United Nations Relief and Works Agency for Palestine Refugees said in its latest report on Monday.

The U.N. expressed alarm at the Israeli military’s evacuation directive to the 1.1 million residents of northern Gaza and warned it was “impossible” for such a human movement to take place without “devastating humanitarian consequences.”

Ruxandra Iordache

Iran warns of potential ‘pre-emptive action’ from resistance groups

Iran’s foreign minister on Monday evening warned that “pre-emptive action” from so-called resistance forces could be imminent against Israel in the short term.

“The resistance front is capable of waging a long-term war with the enemy [Israel] … in the coming hours, we can expect a pre-emptive action by the resistance front,” Hossein Amirabdollahian said on state TV without supplying further details, in comments reported by Reuters.

“All options are open and we cannot be indifferent to the war crimes committed against the people of Gaza,” he added.

Striking a discordant note, Iran’s President Ebrahim Raisi earlier on Monday said that the alleged resistance group active against Israel are independent and make their own decisions, in Google-translated comments reported by Iran’s state-run Islamic Republic News Agency.

Iran has historically backed Hamas and has celebrated but denied involvement in the Palestinian militant group’s terrorist attacks of Oct. 7. Like many Arab countries in the Middle East region, Tehran has supported the cause of the Palestinian people, and it has repeatedly called for aid and relief for the civilians of the besieged Gaza Strip enclosure.

Iranian officials have repeatedly warned of the possibility that the Israeli-Hamas hostilities could spill over into the Middle East, amid increasing fire exchanges between Israel and the Tehran-supported Hezbollah militant group in Lebanon. Like close ally Russia, Iran has attributed the current conflict between Israel and Hamas to a failure of Western — and particularly U.S. — diplomacy.

Ruxandra Iordache

Israel’s Gaza operation to happen ‘when the timing suits the goal’

Israeli Army Spokesperson for International Media, Lieutenant Colonel Jonathan Conricus.
Jalaa Marey | Afp | Getty Images

Israel’s military continues to prepare for an “enhanced military operation in Gaza” and is monitoring the evacuation of civilians from the northern part of the Gaza Strip south of the Wadi Gaza wetlands, Israel Defense Forces spokesperson Jonathan Conricus said in a press update.

Israel declared full siege of the Gaza Strip at the start of last week, depriving it of Israel’s water, electricity, food and fuel supplies within two days of a multi-pronged terrorist attack delivered on Oct. 7 by Palestinian militant group Hamas. The timing of Israel’s anticipated ground incursion remains under question.

“As always military activity is timed according to many variables, some of them physical, some of them related to humanitarian constraints, some of them related to the state of your enemy and the state of your own readiness. But the bottom line is that we will commence the enhanced military activities when the timing suits the goal,” Conricus said, stressing that the “aim of this war is to completely dismantle Hamas and their military capabilities.”

Several human rights organizations have decried the imminent offensive and Israel’s ongoing blockade of the Gaza Strip, citing concerns over a worsening humanitarian crisis.

In addition to combating Hamas, Conricus said that the IDF has been carrying out military responses “in kind” to attacks coming from Lebanese militant group Hezbollah, with which it has been exchanging fire since last week. Hezbollah has expressed its readiness to get involved in the Israeli-Hamas hostilities, amid growing fears that the conflict will engulf the broader Middle East.

“Our message to Hezbollah is that any aggression, any escalation to the situation would not serve the purposes neither of Hezbollah and definitely not those of Lebanon and the Lebanese people,” Conricus said.

Ruxandra Iordache

Biden says he will travel to Israel to ‘stand in solidarity in the face of Hamas’s brutal terrorist attack’

President Joe Biden said he will travel to Israel on Wednesday to “stand in solidarity in the face of Hamas’s brutal terrorist attack.”

“I’ll then travel to Jordan to address dire humanitarian needs, meet with leaders, and make clear that Hamas does not stand for Palestinians’ right to self-determination,” Biden wrote on X, the social media platform previously known as Twitter.

— Amanda Macias

Arab leaders urge the U.S. to do something about the humanitarian crisis in Gaza

Every Arab leader who met U.S. Secretary of State Antony Blinken in the last few days highlighted the importance of dealing with the humanitarian crisis in Gaza, a senior State Department official told NBC News.

The official said President Joe Biden told Blinken to return to Tel Aviv, Israel following his whirlwind trip through the six Arab countries: Jordan, Bahrain, Qatar, United Arab Emirates, Saudi Arabia and Egypt.

After nine hours of negotiations with Israel, Blinken announced that both sides “agreed to develop a plan that will enable humanitarian aid from donor nations and multi-lateral organizations to reach civilians in Gaza — and them alone.”

The new U.S. envoy for Middle East humanitarian issues, David Satterfield, is set to meet Israeli officials on Tuesday to see if they can get the plan worked out, the official added.

Joanna Tan

Senior U.S. general flies into Israel as its war with Hamas deepens

The top U.S. general overseeing American forces in the Middle East made an unannounced trip to Israel on Tuesday, saying he hoped to ensure its military has what it needs as it fights a deepening war against Palestinian militant group Hamas.

The trip by Army General Michael “Erik” Kurilla, head of U.S. Central Command, is the latest by a senior U.S. official to Israel ahead of an expected ground assault by Israel’s military in Gaza. It comes a day before a planned visit by U.S. President Joe Biden to the country.

The U.S. military is increasing its firepower in the region, aiming to prevent Iran and other Iran-backed groups from getting involved in the conflict as international fears of a wider, regional war grow.

The Pentagon is also rushing weaponry, including air defenses and munitions, to Israel.

“I’m here to ensure Israel has what it needs to defend itself, particularly focused on avoiding other parties expanding the conflict,” Kurilla told Reuters, which is traveling with him, in brief remarks before landing.

A U.S. official told Reuters Kurilla was scheduled to hold high-level meetings with Israel’s military leadership, ensuring a clear understanding of the close U.S. ally’s defense requirements.

Reuters

Israel hits back at Hezbollah targets in Lebanon in retaliation for Monday’s strikes

The Israel Defense Forces claims to have struck unspecified Hezbollah military infrastructure in Lebanon early Tuesday local time, in response to earlier strikes by the Iran-backed militia group, the IDF said in an update on its official Telegram channel.

Hezbollah reportedly targeted five Israeli outposts in its Monday strikes, Lebanon’s National News Agency reported, citing a Hezbollah statement.

— Clement Tan

Satellite images show crowds on Gaza side of border crossing into Egypt

New satellite images taken by Maxar Technologies show crowds of people and vehicles gathering on the Gaza side of the Rafah border crossing into Egypt.

Crowds of people and vehicles form on the Gaza side of the Rafah border crossing into Egypt in this Maxar satellite image taken on Oct. 16, 2023.
Satellite image ©2023 Maxar Technologies
A Maxar satellite image focuses on the southern border of Gaza and the Rafah border crossing into Egypt on Oct. 15, 2023.
Satellite image ©2023 Maxar Technologies

Read CNBC’s previous live coverage here:

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Our top 5 stocks of October so far as Wall Street rebounds from a September slump

US Top News and Analysis 

After a rough September, October has so far been much more kind to stocks and has helped Wall Street cut into some of its third-quarter losses . More encouragingly, our biggest winners aren’t limited to one sector but come from a range of industries, including retail, health care and cybersecurity. This month through Monday, the S & P 500 gained about 2%, the tech-heavy Nasdaq Composite rose 2.8% and the Dow Jones Industrial Average increased 1.5%. In September, the S & P 500 sank 4.87%, the Nasdaq tumbled 5.81% and the blue-chip Dow dropped 3.5%. Here are our top five performers so far in October, and the factors that are driving the strong performances. FL mountain 2023-09-29 Foot Locker’s stock performance so far in October. Our worst performer for the September quarter, Foot Locker (FL) has rebounded to start the fourth quarter with a 25% gain. The ascent began after Nike ‘s (NKE) late September earnings report and conference call, when the shoemaker mentioned a “reset” in its relationship with Foot Locker. While the stock move has been encouraging, we don’t want to chase it. Shares of FL remain down 42% year to date, and as Jim Cramer mentioned during our October Monthly Meeting , the company’s turnaround plan has a tight deadline. LLY mountain 2023-09-29 Eli Lilly’s stock performance so far in October. Eli Lilly (LLY) shares have returned to their winning ways after falling about 3% in September. The stock closed at an all-time high Thursday. Its 14.8% climb in October has pushed its year-to-date gains to roughly 68%, the fourth best in our portfolio. We locked in significant profits on Sept. 12 — before the stock began its multiweek draw down — which makes us more comfortable letting the stock ride here. Lilly’s best day this month came on Oct. 11, when it rallied 4.5% in sympathy with a bullish GLP-1 trial announcement from rival Novo Nordisk (NVO). Lilly’s diabetes drug Mounjaro and Novo Nordisk’s diabetes treatment Ozempic and weight-loss drug Wegovy are in a drug category known as GLP-1s. Mounjaro, a key piece to our LLY thesis, is awaiting U.S. regulatory clearance to also treat obesity. PANW mountain 2023-09-29 Palo Alto’s stock performance so far in October. Our third-best performer in October is Palo Alto Networks (PANW), which is up 11.55% through Monday. Similar to Eli Lilly, the cybersecurity company’s stock closed at a record high Thursday and has been a big 2023 winner — up 87.4%, trailing only Nvidia (NVDA) and Meta Platforms (META) in our portfolio. Nevertheless, the stock’s October gains are notable because they follow three consecutive monthly declines. PANW’s recent strength seems tied, in large part, to high-profile cyber attacks at companies such as Clorox (CLX) and Johnson Controls (JCI). The various breaches underscore the importance of security tools that Palo Alto and its cyber peers provide. Palo Alto offers a slew of security features on the same platform, which is attractive to customers looking to consolidate their spending. CTRA mountain 2023-09-29 Coterra Energy’s stock performance so far in October. Coterra Energy (CTRA) has gained about 8% in October, building on the stock’s 6.9% advance in the third quarter as crude oil prices rallied. Coterra’s stock rise was supported by a big jump in natural gas futures early in the month — though some of that move has faded. More generally, sentiment around exploration-and-production companies like Coterra has been boosted by Exxon Mobil ‘s (XOM) takeover offer for now-former Club holding Pioneer Natural Resources (PXD), which some in the marketplace believe could spark additional consolidation in the energy sector. Additionally, the Israel-Hamas war has heightened geopolitical risk in the global oil market, placing some upward pressure on prices. We exited our Pioneer position on Monday. HUM mountain 2023-09-29 Humana’s stock performance so far in October. Occupying the No. 5 spot in October is Humana (HUM), which has climbed 7.75%. On Oct. 6, we made good on a pledge to trim Humana when the stock returned to $500 per share amid a recovery from a major sell-off in the summer. Sentiment around Humana has continued to improve in recent days. First, there was positive quarterly results Friday morning from fellow insurer UnitedHealth Group (UNH). Then after the close Friday, the U.S. government issued grades on 2024 Medicare Advantage plans, and Humana’s offerings scored well. Those favorable grades, known as star ratings, likely contributed to Humana’s 3.6% gain in Monday’s session. (Jim Cramer’s Charitable Trust is long FL, LLY, PANW, CTRA and HUM. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 5, 2022 at Wall Street in New York City.
Angela Weiss | AFP | Getty Images

After a rough September, October has so far been much more kind to stocks and has helped Wall Street cut into some of its third-quarter losses. More encouragingly, our biggest winners aren’t limited to one sector but come from a range of industries, including retail, health care and cybersecurity.

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Rob Gronkowski doesn’t regret playing another season after final Super Bowl win: ‘I wouldn’t change a thing’

Latest & Breaking News on Fox News 

Rob Gronkowski came out of retirement and won the Super Bowl in his first season back in the NFL.

The former tight end could have easily gone right back home following his fourth Super Bowl title and rode off into the sunset like other NFL legends such as Peyton Manning, Ray Lewis and Michael Strahan – all of whom retired as Super Bowl champions.

But Gronk was committed to a second season with the Tampa Bay Buccaneers. The then-defending champions went 13-4 in the regular season, but eventually lost to the future Super Bowl winners, the Los Angeles Rams, in a thriller – L.A. won on a field goal as time expired.

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Gronkowski originally called it a career after the 2018 season, which was his ninth. At the time, Gronk had actually retired as a champion after his New England Patriots defeated the Rams in Super Bowl LIII. It was Gronk’s third championship.

But because of the 2021 season, Gronk’s last NFL game, instead, was a loss. It almost was Tom Brady‘s too – he retired shortly after that game, but that only lasted 40 days. He came back for the 2022 season, but has since retired “for good.” Brady’s last NFL game still remains a loss.

Brady won his seventh and final Super Bowl at age 43 alongside Gronkowski (it was the duo’s fourth together), and no one would have faulted him for hanging it up on top. Who knows how Brady feels now, but Gronkowski can only speak for himself – he has no regrets coming back for one more year, even though it didn’t end how he’d hoped.

“That last year was a special year as well. I love the guys on that team. The teammates, the whole Buccaneers organization… It was a super successful year,” Gronkowski told Fox News Digital. 

“I knew I was coming back for that second year in Tampa Bay. I wouldn’t change a thing,” he continued.

Gronkowski even said if he was given the option beforehand, he’d still pick playing for an 11th season.

“If I had the choice to ride off into the sunset as a champion with the Buccaneers after the first year or come back a second year and lose in the playoffs how we did, I would have definitely came back the second year, because I formed so many special relationships with my teammates there, the people in the Buccaneers organization,” Gronkowski said. “There’s no doubt in my mind that that was another special year as well. Even though we didn’t win it all, it was still a successful year.”

It surprised nobody when Gronkowski returned in 2020 and teamed up with Brady in Florida, despite originally winning his final NFL game. But he sure is content with how the ending of his career panned out.

 

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US needs to ‘rearm,’ close border, seat a speaker to confront growing threats amid Israel war, experts warn

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As the nation sees an uptick in foreign nationals illegally crossing into the United States who hail from countries like Iran, Lebanon and Syria following the Palestinian incursion into Israel, top lawmakers and experts said it is time for the U.S. to “rearm” and that Congress must seat a speaker now.

Rep. Mike Gallagher, R-Wis., the chairman of the House Select Committee focusing on threats from China, said news that the Pentagon has called up 2,000 service members to be ready-to-deploy to Israel shows how precarious America’s security is.

Gallagher told “The Story” that whether the troops are deployed in support and not combat-related capacities, it is still dangerous for them. The United States must make sure it is making the right decisions to keep the homeland safe.

“[W]e still have a long way to go because, as you know, we have not funded the military yet. We’ve not made a generational investment in key weapons systems that not only our military needs, but our allies like Israel, our closest ally in the Middle East, needs,” he said, adding that a stymied House of Representatives could undermine readiness.

EGYPT WARNED ISRAEL OF ATTACK, HOUSE FOREIGN AFFAIRS CHAIRMAN CLAIMS

“Right now, we’re falling down on the job. So my hope is we can get a [House] speaker chosen tomorrow and start doing things like passing a defense bill that has robust oversight but robust funding so that our troops, when they’re sent into harm’s way, have the training and resources they need to come home safely,” Gallagher said.

Amid a report that more than 151 individuals on the terror watchlist were apprehended at the southern border since the fiscal year recently began, a former FBI investigator added that protecting the U.S. from threats like Hamas begins by screening who should be allowed in.

Bill Daly said recent comments from FBI Director Christopher Wray on national security threats makes him believe there is at least an “ambient concern” in that regard.

“What’s concern[ing] here is kind of both homegrown individuals who may have a propensity to commit an act of violence; of hate. And all they need to do is either see something on television, see someone in their community, see a protest, and it kind of invigorates them,” Daly added, noting how law enforcement is taking steps to protect houses of worship and areas with predominant populations of Jews and Muslims.

GRAHAM TO SQUAD: ‘SHUT THE HELL UP’

He noted that the 9/11 Commission found the terrorists who committed those attacks used America’s security tactics against it, by taking advantage of a flaw in the visa system to arrive in the U.S. legally. Two terrorists overstayed their visas, he recalled.

“So I think we have to take a hard look at everything we’re doing,” Daly said. “But the southern border, being as porous as it is, now is the time we shouldn’t shake our heads and say, what have we been doing for the past number of years by not stopping this.”

In response to the antisemitic terror from Hamas, New York City Mayor Eric Adams issued a strong public statement pronouncing to the Jewish population in the city – the largest of any place outside Israel – that “your fight is our fight.” 

“We will not be all right until every person responsible for this act is held accountable,” Adams said.

Daly said Adams’ call is important in terms of seeking to unify Americans, while other observers noted the Democrat received rare bipartisan praise.

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In terms of unity, Gallagher said the war in Israel is a reminder that malign nations have been waging a “cold war” against the West for some time, and that America’s recent pivot toward “neo-isolationism” may allow countries like Iran and China to align against it.

“And these are countries that have divergent interests, but increasingly their shared overwhelming interests in undermining America, destroying American global leadership and severing our traditional alliance structures is causing them to collaborate,” he said.

“This is a moment for America. This should be a wake-up call moment. It is time for us to rearm, get serious, and start leading the free world once again.”

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Israel’s hunt for Hamas terror group leader Yahya Sinwar: ‘Dead man walking’

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JERUSALEM, Israel – If there’s one clear objective of Israel’s war in Gaza right now it is this: To hunt down and assassinate Hamas leader Yahya Sinwar

Referred to by Israel as the Butcher of Khan Younis for his violent and cruel torture methods against his enemies, both Israeli and Palestinian, Sinwar, 60, is widely seen as being behind the massacre of Israeli civilians carried out by thousands of Hamas militants on Oct. 7.

The attack, in which 1,400 people are now known to have been killed, with a further 200 missing and likely being held hostage inside the Gaza Strip, is the worst against Jews since the Holocaust. Civilian men, women and children were not only murdered but, according to multiple eyewitness reports also brutalized, raped and even decapitated.

“That man is in our sights,” Israeli Defense Forces spokesman Lt. Col. Richard Hecht told journalists over the weekend. “Sinwar is the leader of Hamas in Gaza and he’s a dead man walking.” 

BRUTAL HAMAS ‘SHADOW UNIT’ LIKELY BEHIND HOSTAGE RAIDS POSES RESCUE NIGHTMARE: EXPERT

“We will get to him, however long it takes… and this war could be long,” he said.

Sinwar, who is believed to be somewhere in the Palestinian enclave but hidden deep underground in the warren of tunnels Hamas uses to transport weapons and fighters and where they may even be keeping the hostages, was born in the Khan Younis refugee camp when the area was part of Egypt.

According to multiple sources, he was always a militant activist and joined Hamas not long after its founding in 1987. Two years later he was arrested by Israel for his involvement in the abduction and killing of two Israelis, as well as the torturing and murder of four Palestinians he considered to be collaborators. 

Sentenced to life in prison, Sinwar ended up serving 22 years in an Israeli jail and was eventually released as part of a prisoner exchange for the abducted Israeli soldier Gilad Shalit in 2011.

“Sinwar has been active since the early days of Hamas,” Kobi Michael, a senior researcher at the Institute for National Security Studies in Tel Aviv, told Fox News Digital. “In jail, he became a prominent leader of Hamas prisoners and was a very influential figure among all Palestinian prisoners.” 

Michael said that during his time in jail Sinwar learned to speak Hebrew fluently and knows Israeli society very well. 

“He is religious, not necessarily in practice but in religious extremism,” he said. “In his soul and in mentality, he is a living martyr, not afraid to die or sacrifice himself. He is extreme and believes that he can lead the Palestinian people to destroy Israel.” 

“He does not have a Western way of thinking,” Michael continued. “When he talks about the destruction of the Zionist project and raising the caliphate from Marrakesh to Bangladesh, he is not even talking about in his lifetime but in future generations.” 

FORMER ISRAELI SOLDIER SUGGESTS HOSTAGE RESCUE OPERATIONS BEHIND DELAY IN GROUND INVASION OF GAZA

After being returned to Gaza as part of the Shalit deal, Sinwar became a popular leader in Hamas, an affiliate of the Muslim Brotherhood, and in 2017 was elected by secret ballot to replace the incumbent political leader, Ismail Haniyeh.

Michael Milshtein, head of the Palestinian Studies Forum at the Dayan Center in Tel Aviv University, described Sinwar as part of the second generation of Hamas leaders and said he has the potential of leading the whole movement, not just its affairs in Gaza. 

“Compared to Haniyeh and [former political leader Khaled] Mashal, Sinwar is very charismatic,” said Milshtein, adding that he is also far more hardline and radical than the previous Hamas leaders. 

“He believes that he was born to promote jihad and kill the infidels, that is his approach,” he said. “He comes from the periphery of Palestinian society, from a refugee camp, unlike the others who like to wear suits and ties.” 

Milshtein said Sinwar was willing to take the conflict to another level and was unlikely to run away from Israel’s approaching military. 

“I do not see him running away, giving up or handing himself over, he will fight until he dies, that is the kind of leader he is,” said Milshtein. “Sinwar has only left Gaza once or twice in the past six years and that was only to Egypt. He does not know much about the rest of the world or about diplomatic relations, he is focused on jihad.” 

This is not the first time that Sinwar is in Israel’s sights. In 2018, following the announcement by President Donald Trump that he would move the U.S. embassy to Jerusalem, mass protests broke out in Gaza along the border fence with Israel. Known as the Great March of Return, Israel said Sinwar was instigating the unrest and encouraging thousands of Palestinians to try and break through into Israel to harm civilians. 

VIDEOS OF HAMAS BRUTALITY TOWARD ISRAELIS EERILY REMINISCENT OF ISIS TACTICS

In terms of the Oct. 7 attack, which was led by Hamas’ elite Nukhba force, Israel believes Sinwar and other Hamas leaders, such as military commander Mohammad Deif, have been preparing for the attack for more than two years. There is evidence that Sinwar purposely misled regional partners such as Egypt and Qatar into believing that he was more focused on relieving the humanitarian crisis for the enclave’s 2.1 million residents than drawing Israel into a war. 

Retired Lt. Col. Peter Lerner, the Israeli army spokesman, told Fox News Digital that the army had “no doubt” Sinwar was the “mastermind of this massacre.”

“He coordinated the entire institution of Hamas, the government, and the military wing,” said Lerner. “He is the financier, the instructor and he gave the ultimate green light to carry this out.” 

Sinwar, he said, was at the top of the Israeli military’s list of targets. 

“He is the figurehead,” said Lerner. “Although there are many others that were involved in the butchering of our civilians. We are collecting and currently analyzing visuals found on the bodycams carried by the Hamas terrorists during the attack.” 

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As to whether Israel will be able to reach its greatest enemy, Michael told Fox News Digital that “as long as we stay determined and do not surrender under the pressure of the international community and as long as we are patient, then there is a high probability Israel will be able to get its hands on Sinwar.”

“Sinwar will not remain alive for too much longer,” he said.

 

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Apple CEO Tim Cook makes surprise visit to China as iPhone 15 gets off to a challenging start

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Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on Sept. 12, 2023, in Cupertino, California.
Justin Sullivan | Getty Images News | Getty Images

Apple CEO Tim Cook cheered on gamers at an event during a surprise visit to China, underscoring the market’s importance to the iPhone giant at a time when it faces mounting challenges.

Gamers gathered at an Apple store in Chengdu in southwestern China to play “Honor of Kings,” a game developed by TiMi Studio, which is owned by Chinese tech giant Tencent.

“The action-packed Honor of Kings started here in Chengdu and is now a global phenomenon on the App Store,” Cook said in a post on Chinese social media service Weibo.

Cook also posted a video of himself cheering on gamers at the tournament. Honor of Kings is one of the biggest mobile games in China and a substantial revenue driver for Apple’s App Store in the country.

The Apple CEO’s visit to the company’s third-largest market comes just under a month after the iPhone 15, the company’s flagship smartphone, went on sale to a seemingly lukewarm reception, and as a beaten down Huawei attempts to make a comeback in the mobile market.

Counterpoint Research said in a note on Tuesday that iPhone 15 series unit sales for the first 17 days of sales in China is down 4.5% compared with the iPhone 14.

That comes after Chinese tech giant Huawei last month quietly launched a smartphone containing a high-end semiconductor and 5G connectivity, despite U.S. sanctions that have sought to stop that from happening.

Huawei was once the biggest smartphone maker in China, and Apple’s biggest challenger, before U.S. sanctions cut it off from key technology it needed to compete, causing it to fall to the No. 6 spot.

But as recently as Monday, Jefferies analysts published a report that said Huawei has become the No. 1 smartphone maker in China, overtaking Apple.

VIDEO4:0104:01
Huawei could add 10 million units’ worth of headwinds to Apple in China: IDC

“It’s a tough start for Apple to be sure and it’s a combination of factors driving this,” Ethan Qi, associate director at Counterpoint Research, told CNBC via email.

Qi attributed Apple’s challenges to poor consumer sentiment, the iPhone 15’s poorer performance than the iPhone 14 and increasing competition in the high-end smartphone market.

“All of these things are working together to take some of the shine away from Apple’s lustre during the first few weeks of iPhone 15 sales,” Qi said.

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