President Joe Biden arrived in Israel on Wednesday to begin a four-day visit to the Middle East. On Thursday, Biden met with Israeli Prime Minister Yar Rapid and Israeli President Isaac Herzog. Herzog awarded Biden the Presidential Medal of Honor for his support of Israel throughout his career. Biden said it was “one of the greatest honors of my career.”
Biden will meet Palestinian Authority President Mahmoud Abbas in the West Bank on Friday. On Saturday, he will be in Saudi Arabia for a summit of Gulf states and to meet King Salman and his advisers, including Crown Prince Mohammed bin Salman. Biden's trip to Saudi Arabia has drawn criticism given that U.S. intelligence believes Crown Prince Mohammed bin Salman was responsible for ordering the murder of dissident journalist Jamal Khashoggi. Biden has defended his travel, saying it is vital to the security of the United States.
Biden and Israeli Prime Minister Yar Rapid on Thursday signed a new joint statement aimed at expanding security ties between the two countries and opposing what they say is Iran's efforts to destabilize the region. Biden said on Thursday that the United States will not allow Iran to acquire nuclear weapons, arguing that diplomacy remains the best way to prevent the country from acquiring nuclear weapons.
“We will deepen our ties in science and innovation and address global challenges through a new strategic high-level technology dialogue,” Biden said in his speech at Ben Gurion Airport. “We will continue to drive Israel's integration into the region. , expanding emerging forums and engagement.” The president added: “Greater peace, greater stability, greater connections. That's critical. If I may add, it's essential for everyone in the region. important.”
Financial data and events to focus on today:
20:30 Canada May Wholesale Sales Month Rate
20:30 U.S. June retail sales monthly rate
20:30 US June import price index monthly rate
20:30 US July New York Fed Manufacturing Index
21:00 Fed Bullard speaks
21:15 The monthly rate of US industrial output in June
22:00 U.S. May business inventory monthly rate
22:00 US July University of Michigan consumer confidence index initial value
The next day at 01:00 The total number of oil rigs in the United States for the week of July 15
The next day at 03:30, the US CFTC released the weekly position report
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