U.S. Fears Iran Will Develop Nuclear Weapon Within Weeks

Sky Arabia with the news (in Arabic)

This in summary from Reuters:

The White House is worried Iran could develop a nuclear weapon in weeks, press secretary Jen Psaki said on Tuesday, after Secretary of State Antony Blinken noted earlier in the day the country has accelerated its nuclear program.
“Yes it definitely worries us,” Psaki said, adding the time needed for Iran to produce a nuclear weapon is down from about a year.


Deutsche Bank forecasting a significant recession in the US, Fed hikes as high as 6%

Deutsche Bank

  • Fed likely to pursue the most aggressive monetary tightening since the 1980s
  • “We assume conservatively that a Fed funds rate moving well into the 5% to 6% range”
  • “the monetary-tightening process will be bolstered by Fed balance-sheet reduction, which our U.S. economics team estimates will be equivalent to a couple additional 25 basis-point rate hikes.”


  • “will push the economy into a significant recession by late next year,”

info via Bloomberg (gated)

US stocks get slaughtered. NASDAQ down over 500 points on the day

The major US stock  indices  are down sharply for the second time in three trading sessions. The Dow industrial average fell nearly 1000 points two days ago and is down by another 800 points today. The NASDAQ index has shed over 500 points or -3.95%. Ouch.

Microsoft and Alphabet the earnings after the close

A look at the final numbers shows:

  • Dow fell -810 points or -2.38% at 33239/46
  • S&P fell -120.95 points or -2.82% at 4175.18
  •  Nasdaq  fell -514.1 points or -3.95% at 12490.74
  • Russell 2000 fell -63.72 points or -3.26% at 1890.47
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