Finance
Finance Minister Smotrich urges PM Benjamin Netanyahu to kick Turkey out of hostage deal talks
Finance Minister Bezalel Smotrich urged Prime Minister Benjamin Netanyahu to have Turkey removed from the ceasefire talks, in a letter published on Friday.
In the letter, Smotrich stated that he was surprised to have learned that representatives of Israel’s “antisemitic enemy Erdogan” are part of the peace talks, and that “Erdogan should be canceled, and any discussion or ties should be boycotted.”
To back his argument, Smotrich noted that Turkish President Recep Tayyip Erdogan has helped the spread of antisemitism and the hatred of Israel. Turkey joined the legal case against Israel at the International Court of Justice in Hague, and has cut financial ties with Israel. He also noted that the participation of the Turky’s representatives was held in secret from the cabinet.
Peace endangers Israel’s national security
Smotrich further stated the peace talks in Cairo were a “national humiliation,” which harms Israel’s national security and “endangers our existence.” The finance minister claimed that Erdogan had “chosen the terror side of radical Islam” and together with Iran and its proxies, they threaten the peace worldwide.
He then claimed that Turkey’s participation in the peace talks provided Erdogan a form of redemption and international legitimacy, which are a “hard hit” to Israel’s national security.
“For a long time now we have been on a downward slope toward doom,” said the minister in the letter, saying that from feelings of victory, Israel is descending into defeat and surrender under Prime Minister Benjamin Netanyahu’s leadership.
Smotrich ended his letter begging Netanyahu to “stop! Just stop. Before it is too late.” He then asked him to “return Israel to the natural path of unrelenting war against its enemies, of bravery, of national pride and dignity.”
It’s the last full trading day of 2024 and Wall Street has its eyes peeled for the slightest signs of a Santa Claus rally. Seana Smith and Madison Mills observe some of the biggest market stories while speaking with top analysts on today’s episode of The Morning Brief.
Former President Jimmy Carter passed away over the weekend at the age of 100. To talk more about the US leader’s legacy and role in significant peace talks, the program welcomes American University professor Allan Lichtman and Marc Ginsberg, the former White House Deputy Senior Advisor for Middle East Policy under former President Carter.
As US stocks (^DJI, ^IXIC, ^GSPC) continue to see declines at the start of Monday’s session, the Morning Brief team looks back on the best and worst performing sectors of 2024.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Other top trending stocks on the Yahoo Finance platform include Boeing (BA), American Airlines (AAL), Nissan (NSANY, 8291.T)
This post was written by Luke Carberry Mogan.
The major indexes (^DJI,^GSPC, ^IXIC) are trading lower on Monday. It follows a sharp sell-off on Friday when the Nasdaq shed 1.5%. One stock on the move is Boeing (BA). Its shares are falling after South Korean officials ordered all Boeing 737-800 planes to be inspected after a Jeju Air crash killed 179 of the 181 people on board.
Key guests include:
9:10 a.m. ET – Josh Wein, Hennessy Funds Portfolio Manager
9:45 a.m. ET – Justin Patterson, KeyBanc Managing Director
10:20 a.m. ET – Gregory Kuhl, Janus Henderson Investors, Portfolio Manager, Global Real Estate
11:00 a.m. ET – Roosevelt Bowman, Bernstein Private Wealth Management Senior Investment Strategist
(Bloomberg) — Singapore Post Ltd. named a group chief financial officer and said the search for a chief executive continues after it fired a number of senior executives over allegations of misconduct.
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Isaac Mah, currently the CFO of the company’s Australia business, Freight Management Holdings Pty, will return home to take up the group CFO post, the Temasek Holdings Pte-backed firm said in a filing on Sunday. It also appointed Gan Heng, who currently heads the South District International Business Unit, as acting CEO of IBU.
The appointments follow the dismissal of three senior executives on disciplinary grounds, following a whistleblower’s report on lapses at its international e-commerce logistics parcel business. Singapore Post’s investigations into the report allegedly found several employees in the IBU made manual entries of some delivery status codes with the intent of avoiding contractual penalties with one of the firm’s largest customers.
Shares of the firm, which slid the most intraday since March 2020 after the dismissals last week, were trading unchanged as of 9:30 a.m. in Singapore on Monday.
Singapore Post said the sale of its Australia business, announced earlier this month, remains on track.
The company also paid a settlement to the unidentified customer, besides renewing its contract with the customer in August.
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