(8-5-24) Multiple major world issues are happening today. What does this mean for residents in the Stateline area.
Below you will see that issues from all parts of the world that will change the current landscape of many.
Iran-Israel Conflict Escalates
US Secretary of State Antony Blinken has reportedly told his counterparts on Sunday that Iran and Hezbollah could attack Israel as early as Monday, per Axios.
Gen. Michael Erik Kurilla, head of the U.S. Central Command (CENTCOM) is expected to arrive in Israel Monday to coordinate preparations for the anticipated attack, according to the Times of Israel.
Iran retaliation against Israel expected soon | LiveNOW from FOX
Stock Markets
After Friday’s bleak jobs report the US stock market plummeted again today stocks are also dropping around the globe.
This morning the Dow Jones Industrial Average had dropped 1,000 points, while the Nasdaq Composite and S&P 500 also fell by 5% and 3.7%, respectively.
Japanese stocks also fell on Monday, with the Nikkei 225 index closing lower by more than 12% – 4,451.28 points, its worst day since 1987.
Cryptocurrencies plunged as well, with the price of bitcoin falling 17.5% to $50,239 a coin on Monday morning. The price of ethereum slid 23% to $2,230 apiece.
Stock market futures in the red; Dow down, NASDAQ drops
WGN News – You Tube Video
Brent crude oil futures were down 76 cents, or 1.0%, at $76.05 a barrel by 1335 GMT, with prices earlier trading around their lowest since January. U.S. West Texas Intermediate crude was down 77 cents, or 1.1%, at $72.75.
Supply concerns limited losses. Libya’s biggest oil field Sharara has fully halted output, Bloomberg reported. Two field engineers told Reuters on Saturday that local protesters had partially shut down the site.
Worldwide Events
UK Riots
Around the world including the UK, Venezuela and Bangladesh are seeing riots intensify over the past several days.
Violent Anti-Immigration Protests Sweep the U.K. | WSJ News
WSJ News – You Tube Video
Venezuela
Venezuela in political standoff after both Maduro and opposition claim election victory
PBS NewsHour – You Tube Video
Bangladesh Protest: Bangladesh Burns, At Least 300 Dead | Bangladesh Student Protest | Sheikh Hasina
The Indian Express – You Tube Video
The war in Ukraine with Russia continues as well.
Mercer County Outlook 