US Treasury Secretary Bessent when asked if cost would ever make him tell Trump war no longer affordable, says "absolutely not", Sky News reports
Newsquawk Staff ·
US Treasury Secretary Bessent when asked if cost would ever make him tell Trump war no longer affordable, says "absolutely not", Sky News reports.
What it means
The US Treasury Secretary's firm stance against advising President Trump on the affordability of war suggests a steadfast commitment to current military engagements, which might indicate ongoing fiscal and political stability. This could influence market sentiment broadly, particularly in risk assets as it underscores the administration's strategic priorities. Traders should watch for implications on related sectors like defense and commodities, especially if geopolitical tensions escalate or political sentiment shifts.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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