As the Pres. starts the press conference:
- 2 year yield 3.852%
- 10 year yield 4.332%
- S&P up 14.25 points or 0.21%
- Nasdaq up 47 points or 0.23%
- Dow +61 points
- Crude oil $112.76
- Gold $4658
- Silver $72.55
- Bitcoin $69,647
- EURUSD 1.1538
- USDJPY 159.76
- GBPUSD 1.3222
Headlines from the Press conference:
- The entire country can be taken out in one night and the one night may be tomorrow night
- We leave no American behind. We don't do it.
Trump is recounting the rescue operation of the downed soldier in Iran (and repeating himself)
Oil is up to $113.77 on the comment about Iran being taken out in one night. Stocks are modestly lower..
The CIA director commended the Pres. for the rescue and the courage to leave no man behind.
Hegseth says:
- Today will be largest volume of strikes since Day 1 of Iran operation.
- Tomorrow will be even more
Meanwhile, Reuters is reporting
- two Qatar LNG tankers headed toward the Strait of Hormuz on Monday morning were among those Iran allowed to transit under Iran – US agreement reached last week.
- IRGC stopped Qatar tankers before transit and ordered them to hold position without explanation
IN a separate report:
- Iran Foreign Minister, in call with Qatari counterpart, says Iran is interested in developing ties; says that the current situation is strictly due to US-Israel aggression
After the recount and the platitudes for Trump, it is assumed that Trump will take questions from the press.
Comments from Q&A:
- Iranians should rise up against regime.
- But the consequences are great
- Iranians to protest will be immediately shot and killed
- We have regime change.
- Not everyone was onboard for the military operation.
- Going through hundreds of thousands of soldiers
- Hundreds of people could have killed.
- Thinks talks are going well with Iran.
- I hope I do not have to do it when asked about bombing power plants and bridges
- We think Iran is negotiating in good faith.
- Reopening the Strait of Hormuz is a big priority.
- The biggest problem is Iran has no means of communicating
- Very disappointed in NATO.
- We have a concept where we will charge tolls
- We have to have a deal that is acceptable to me, and part is free traffic in the Strait of Hormuz
- Every bridge and powerplant wil lbe decimated over a 4-hour period tomorrow.
- He does not want to destroy their infrastructure. It would take 100 year to rebuild their infrastructure.
- NATO is a paper-Tiger
At the end of the speech:
- 2 year yield 3.841%
- 10 year yield 4.322%
- S&P up 23.02 points or 0.35%
- Nasdaq up 101.3 points or 0.46%
- Dow 128 points
- Crude oil $112.17
- Gold $4660
- Silver $73.03
- Bitcoin $69,844
- EURUSD 1.1546
- USDJPY 159.65
- GBPUSD 132.35
Overall, the threat remains. The "out" where a deal can be made that avoids the bombing.
Oil moved higher to $114.29, but rotated back to the downside. Yields were little changed with a tilt to the downside by about 1 basis point. Stocks moved higher. The US dollar moved mostly lower by the 10-15 pips versus the EUR, JPY and GBP
