A U.S. destroyer and three commercial ships operating in the Red Sea came under drone and ballistic-missile attacks, the Pentagon said Sunday, marking the most significant escalation of a weekslong military attack on ships operating in those waters.
In two instances on Sunday, the USS Carney, an Arleigh Burke-class destroyer, came under attack, including while responding to distress calls from nearby commercial ships that faced missile attacks, the Pentagon said. The Carney also shot down a drone that flew nearby.
White House Warns Money for Ukraine Will Run Out by Year's End
WASHINGTON-The U.S. will be unable to continue providing weapons and equipment to Ukraine if Congress doesn't approve additional funding by the end of the year, the White House said on Monday, warning of devastating consequences on the battlefield if lawmakers fail to act.
"Cutting off the flow of U.S. weapons and equipment will kneecap Ukraine on the battlefield, not only putting at risk the gains Ukraine has made, but increasing the likelihood of Russian military victories," Shalanda Young, the director of the White House Office of Management and Budget, wrote in a letter to House Speaker Mike Johnson (R., La.).
House GOP Moves Toward Formalizing Impeachment Probe of Biden
WASHINGTON-House Republican leaders are moving toward a vote on formalizing an impeachment probe into President Biden, aiming to bolster an investigation that some in the party are still wary of pushing forward too quickly.
House Speaker Mike Johnson (R., La.) and committee chairmen made a case to rank-and-file lawmakers on Friday, with a vote possible as soon as this week. House Republicans have already spent months trying to tie Biden to his family members' overseas business dealings and gather support for their claims-which he denies-that he benefited from them. They so far have failed to deliver evidence backing up their most strident claims about the president.
Israel-Hamas Deal Talks Stall as Fighting Ramps Up
Talks between Israel and Hamas to hand over hostages held in Gaza in return for a pause in fighting there have stalled, the White House said Sunday, while Israeli forces step up attacks and direct Palestinians in the enclave to move into a narrower strip of land.
"The negotiations have stopped. That said, what hasn't stopped is our own involvement, trying to get those back on track...We would like that to happen today," White House National Security Council spokesman John Kirby told NBC. He blamed Hamas for failing to provide a fresh list of civilian women and children to be released.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
None Scheduled
Economic Calendar [ET]:
0830 Nov Production of Principal Field Crops
Stocks to Watch:
Lundin Mining: Board Has Agreed That Jack Lundin Will Formally Assume CEO Role, Effective Immediately
Orvana Minerals FY23 Rev $99.1M
Silver Viper Minerals Reduces Size of Private Placement to About C$4.25M From C$5M
Other News:
Brookfield-Led Consortium's US$11 Billion Bid for Origin Energy Fails
An $11 billion bid for Origin Energy, one of Australia's largest power companies, was rejected by its shareholders on Monday in a stark illustration of how investors are adopting different strategies to bet on the energy transition.
Origin said that shareholders owning about 69% of its stock voted for the takeover, meaning that the bid made by a consortium led by Brookfield Asset Management fell short of the 75% approval threshold needed to secure a deal.
Expected Major Events for Monday
07:00/GER: Oct Foreign Trade
13:30/CAN: Nov November production of principal field crops
15:00/US: Oct Manufacturers' Shipments, Inventories & Orders (M3)
23:30/JPN: Nov CPI (Tokyo), CPI ex-Food (Tokyo)
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Monday
Air Industries Group (AIRI) is expected to report for 3Q.
Arcimoto Inc (FUV) is expected to report for 3Q.
Buckle Inc (BKE) is expected to report.
California First Leasing Corp (CFNB) is expected to report for 1Q.
Chicken Soup for the Soul Entertainment Inc (CSSE) is expected to report $-0.77 for 3Q.
Culp Inc (CULP) is expected to report $-0.22 for 2Q.
Drive Shack Inc (DSHK) is expected to report $-0.06 for 3Q.
Exela Technologies Inc (XELA) is expected to report for 3Q.
GitLab Inc (GTLB) is expected to report for 3Q.
IDT Corp (IDT) is expected to report for 1Q.
Infinity Pharmaceuticals Inc (INFIQ) is expected to report $0.03 for 3Q.
JOANN Inc (JOAN) is expected to report for 3Q.
Jewett-Cameron (JCT-T,JCTCF) is expected to report for 4Q.
National American University Holding Inc (NAUH) is expected to report for 2Q.
Odyssey Marine Exploration Inc (OMEX) is expected to report for 3Q.
OrganiGram Holdings Inc (OGI,OGI.T) is expected to report for 4Q.
Science Applications International Corp (SAIC) is expected to report $1.30 for 3Q.
Spanish Broadcasting System Inc (SBSAA) is expected to report for 3Q.
Sunlight Financial Holdings Inc (SUNLQ) is expected to report for 3Q.
Veru Inc (VERU) is expected to report $-0.20 for 4Q.
Village Super Market (VLGEA) is expected to report for 1Q.
Williams Industrial Services Group Inc (WLMSQ) is expected to report $-0.03 for 3Q.
Zynerba Pharmaceuticals Inc (ZYNE) is expected to report $-0.19 for 3Q.
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ANALYST RATINGS ACTIONS
Aileron Therapeutics Raised to Buy From Neutral by Ladenburg Thalmann
Aspen Technology Raised to Buy From Hold by Loop Capital
Chemours Raised to Outperform From Sector Perform by RBC Capital
Chicken Soup for the Soul Cut to Neutral From Buy by Ladenburg Thalmann
DT Midstream Cut to Neutral From Overweight by JP Morgan
Elastic Raised to Overweight From Equal-Weight by Wells Fargo
Fortrea Holdings Raised to Outperform From In-Line by Evercore ISI Group
Immunogen Cut to Equal-Weight From Overweight by Barclays
Immunogen Cut to Hold From Buy by Jefferies
Immunogen Cut to Market Perform From Outperform by BMO Capital
Immunogen Cut to Neutral From Buy by Guggenheim
Johnson & Johnson Raised to Buy From Neutral by UBS
Kforce Cut to Neutral From Buy by Sidoti & Co.
Lemonade Cut to Perform From Outperform by Oppenheimer
MarketWise Cut to Neutral From Buy by UBS
Norfolk Southern Raised to Buy From Neutral by B of A Securities
PagerDuty Cut to Market Perform From Outperform by TD Cowen
Remitly Global Cut to Peer Perform From Outperform by Wolfe Research
Texas Roadhouse Cut to Neutral From Overweight by Piper Sandler
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
12-04-23 0614ET
