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S&P Futures are extending their losses from yesterday this morning as a wave of selling pressure seen from Asia to Europe overnight. Markets will be paying attention to this morning’s reports on factor orders and job openings. After the bell yesterday GTLB & HQY released positive earnings reports. ZS also beat but lowered Q1 guidance. This morning, DLTR released weaker than expected eps report, DKS and CIEN are on deck this morning. While the U.S. & China’s economic data was slightly disappointing yesterday, markets remain in the red this morning, price action appears overblown. Bank of Canada is expected to announce a rate cut this morning. OPEC is said to be consider a delay to its October production hikes. In Europe, the major three indexes are lower. Oil prices have reversed course and are now trading higher.
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Transfer Of Nukes To Ukraine Would Be Tantamount To Attack On Russia: Medvedev
Transfer Of Nukes To Ukraine Would Be Tantamount To Attack On Russia: Medvedev
Days ago, The NY Times revealed that US and European officials have discussed a range of options they believe will deter Russia from taking more Ukrainian territory, including the possibility of providing Kiev with nuclear weapons. “US and European officials are discussing deterrence as a possible security guarantee for Ukraine, such as stockpiling a conventional arsenal sufficient to strike a punishing blow if Russia violates a cease-fire,” the report said.
The article then stated, “Several officials even suggested that Mr. Biden could return nuclear weapons to Ukraine that were taken from it after the fall of the Soviet Union.”
Former Russian president and current deputy chairman of the Security Counsel Dmitry Medvedev has responded by pointing out that if the West actually went forward with transferring nukes to Ukraine, this would be seen as tantamount to an attack on Russia. He explained that this is a key aspect of Russia’s newly expanded nuclear doctrine.
Image source: Presidency of Russia
In a Telegram post on Tuesday, Medvedev specifically referenced the recent NY Times report, and said: “Looks like my sad joke about crazy senile Biden, who’s eager to go out with a bang and take a substantial part of humanity with him, is becoming dangerously real.”
Medvedev then stressed that “giving nukes to a country that’s at war with the greatest nuclear power” is so absurd that Biden and any of his officials considering it must have “massive paranoid psychosis.”
His biggest and most specific threat came as follows:
“The fact of transferring such weapons may be considered as the launch of an attack against our country in accordance with Paragraph 19 of the ‘Basic Principles of State Policy on Nuclear Deterrence’,” Medvedev wrote.
President Putin had formally approved a lowering of the threshold for nuclear weapons use on November 19. The change has been widely seen as in response to Ukraine being authorized by the Western allies to use US-made ATACMS and HIMARS systems, and British-made Storm Shadow and French Scalp missiles on Russian territory.
The aforementioned NY Times report did note that President Putin doesn’t appear ready to actually significantly escalate the war, giving a chance for the Trump administration to take office.
According to a recent New York Times Report, the Biden Administration has discussed the idea of handing nuclear weapons over to Ukraine as it prepares to leave office.
And France and the UK are discussing sending TROOPS into Ukraine! Do they really want WWIII?
“But the escalation risk of allowing Ukraine to strike Russia with US-supplied weaponry has diminished with the election of Mr. Trump,” the report said, and added: “Biden administration officials believe, calculating that Putin of Russia knows he has to wait only two months for the new administration.”
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