President Trump to decide Iran within two weeks
President Donald Trump says he will decide to hit Iran within two weeks as he is waiting for a possible negotiation, the White House says.
US stock futures have gone into extremes after President Donald Trump said he was pondering whether to join Israel in an attack on Iran.
According to White House spokeswoman Karoline Leavitt, he will decide to hit Iran within two weeks. Iran said it would not negotiate with the US unless Israel halts the attack, but he will do diplomacy for a while.
The only way to end the imposed war is to “unconditionally stop” enemy invasions, Iranian President Masuud Pezeshkian said on Friday in a post in X.
Still, senior US officials are preparing for the possibility of a strike against Iran, citing people familiar with the issue and pointing to potential plans for a weekend strike.
The rising tensions led to an initial rise in crude oil prices and lower inventory. But by 8am, stock futures and oil prices had reversed the course. Futures linked to the Blue Chip Dowin Index rose 0.15% or 63 points to 42,575. The Broad S&P 500 futures added 0.14% (8.5 points) to 6,042.75. And the high-tech Nasdaq futures scored 0.16%, or 35.75 points and 21,981.00 points. Oil prices fell 0.29% to $74.92.
Benchmark 10 years yield rose to 4.435%.
Trump vs Powell (again)
Trump has once again criticised Federal Reserve Chairman Jerome Powell after changing this week.
Trump called Powell “disruptive” in a social media post, and Powell said that stabilizing the rate would cost the US “hundreds of millions of dollars.”
Corporate News
- Carmax results surpassed analyst forecasts in the first three months of the fiscal year.
Medora Lee is a money, market and personal finance reporter for USA Today. mjlee@usatoday.com and Subscribe to our free daily money newsletter Personal finance tips and business news every Monday to Friday.
