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Stocks Fall On Report That Flynn Was Directed To Talk To Russians - CNBC

Stocks Fall On Report That Flynn Was Directed To Talk To Russians - CNBC

Release Date:  Friday, December 1, 2017

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Stocks Fall On Report That Michael Flynn Was Directed By Trump To Talk To Russians - CNBC
Stocks fell on reports that Michael Flynn would testify that he was directed to make contact with the Russians.

“ABC News reported that Flynn, the former national security adviser, would testify that he was directed to make contact with the Russians.

“In a statement, Flynn said he agreed to ‘cooperate with the Special Counsel's Office reflect a decision I made in the best interests of my family and of our country.’

“’If you believe the market has been rallying in the last 13 months [on Trump, this report] potentially unravels all of that," said Jeremy Klein, chief market strategist at FBN Securities. "Markets don't like uncertainty and this is the ultimate uncertainty.’

‘Gold and Treasuries spiked higher following the ABC report as investors fled to market safe havens.

"’It comes down to did trump obstruct justice in any way,’ said Peter Boockvar, chief market analyst at The Lindsey Group. ‘It's another potential political blindside. We've gotten a lot of those,’ he said." (“Stocks fall on report that Michael Flynn was directed by Trump to talk to Russians.” CNBC 12.01.17)

Graham On North Korea: ‘We’re Headed To A War If Things Don’t Change’ - CNN
Sen. Lindsey Graham, R-South Carolina, warns against a potential conflict with North Korea if things don’t change on CNN’s “The Situation Room on Tuesday.

"’If we have to go to war to stop this, we will,’ Graham told CNN's Wolf Blitzer on Tuesday. ‘If there's a war with North Korea it will be because North Korea brought it on itself, and we're headed to a war if things don't change.’

“Graham clarified that he doesn't think war would be the best outcome but said the US won't let Kim Jong Un have the ability to strike America's mainland.

"’I don't want a war. He doesn't want a war,’ Graham said, referring to Trump. ‘But we're not going to let this crazy man in North Korea have the capability to hit the homeland.’

"Secretary of Defense James Mattis said Tuesday that the North Korean missile test went ‘higher, frankly, than any previous shot they have taken.’

“Mattis added that North Korea has the ability to hit ‘everywhere in the world basically.’

“Graham added that Trump is prepared to take whatever actions are needed to protect the US homeland.

"’He is ready, if necessary, to destroy this regime to protect America, and I hope the regime understands that if President Trump has to pick between destroying the North Korean regime and the American homeland, he's going to destroy the regime. I hope China understands that also,’ Graham said." (“Graham on North Korea: ‘We’re headed to a war if things don’t change.’” CNN 11.29.17)

South Korean Official: North Korea Developing Nuclear Weapons Faster Than Expected – The Hill
On Tuesday, Yonhop News Agency, a South Korean new agency, warned that North Korea is increasing its nuclear capability more rapidly than previously estimated as it seeks to build a nuclear missile that is capable of reaching the United States.

"’North Korea has been developing its nuclear weapons at a faster-than-expected pace,’ said Cho Myoung-gyon, the unification minister for South Korea, as reported by the Yonhap News Agency.

"‘We cannot rule out the possibility that North Korea could announce its completion of a clear force within one year,’ Cho said.

“The North’s aggression has caused increased concern in the region, particularly from its southern neighbor and Japan. Pyongyang fired a ballistic missile over Japan in August and again in September. ‘It is a fact that we have witnessed some noteworthy movements in North Korea. But it remains to be seen whether Pyongyang would make further provocations,’ Cho said in the reported remarks.

“His comments add to the ongoing threat from North Korea, which in July conducted two ICBM tests.
Trump, who recently returned from a 12-day tour of Asia where North Korea’s aggression was a key focal point, has cautioned Pyongyang against making provocations toward the U.S.

“’Today, I hope I speak not only for our countries but for all civilized nations when I say to the North: Do not underestimate us, and do not try us. We will defend our common security, our shared prosperity and our sacred liberty,’ Trump said during a speech earlier this month to South Korea’s National Assembly." (“South Korean official: North Korea developing nuclear weapons faster than expected.” The Hill 11.28.17)

Russia Warns Of ‘Apocalyptic Scenario’ on Korean Peninsula - CNBC
Tensions between North Korea and South Korea appear to be ratcheting up again, while senior Russian official has warned of an “apocalyptic scenario” developing on the Korean Peninsula.

“Russian Deputy Foreign Minister Igor Morgulov said Monday that the world could not ignore the crisis surrounding North Korea and fears over the county’s suspected nuclear missile development, but that he hoped a peaceful solution could be found.

"’A scenario of the apocalyptic development of the situation on the Korean Peninsula exists, and we cannot turn our blind eye to it,’ Morgulov said at the opening of the eighth annual Asian Conference of the Valdai discussion club in Seoul, according to Russia's state-run news agency Tass.

"’I hope that a common sense, pragmatism and an instinct of self-preservation would prevail among our partners to exclude such negative scenario,’ the Russian diplomat said.

“President Donald Trump has warned North Korea that the country was prepared to go to war but Russian President Vladimir Putin has warned the U.S. not to use military might against the Communist regime, insisting that a peaceful solution can be found.

“Russia has a vested interest in a peaceful solution to the North Korea problem as it shares a 17-kilometer (10-mile) land border with the country and does not want the U.S. to meddle in the region.
“Another North Korean neighbor, China, also has an ambivalent stance toward Pyongyang, wanting to avoid the collapse of the regime and an influx of refugees over the border.

“Yet it has appeared to be increasingly wary of North Korea's repeated nuclear tests and missile launches. In September, China's United Nations ambassador called on the regime to ‘take seriously the expectations and will of the international community’ to halt its nuclear missile development.“ (“Russia warns of ‘apocalyptic scenario’ on Korean Peninsula.” CNBC 11.27.17)