UK's Starmer, Canada's Trudeau, Pressure Biden To Escalate With Russia Despite Putin Warning Of 'War' With NATO

by Tyler Durden

Friday, Sep 13, 2024 - 12:51 PM

Update(1450ET): Kirby came out on Friday and told reporters that there's been no change in US policy regarding Ukraine using Western arms for long-rage strikes inside Russia. But the pressure is quickly ramping up: first Canada's Trudeau said he supports greenlighting this, despite Putin making clear this would mean 'direct war' between Russia and NATO, and now UK Prime Minister Keir Starmer is coming out in support. According to breaking reporting in The Wall Street Journal:

U.K. Prime Minister Keir Starmer is expected to urge President Biden on Friday during a visit to Washington to sign off on allowing Ukraine to use long-range European-made cruise missiles to strike targets deep inside Russia, according to U.S. and Western officials.

…A decision to lift a ban on Kyiv using the Storm Shadow missile, which can hit targets 155 miles away, to fire into Russia would be a major win for Ukraine, which has been urging Western countries for months to loosen restrictions on long-range weapons.

Yes, Zelensky has been essentially begging for it, but we highly doubt a "win" will follow especially given as we detailed below Putin still holds many cards, and would likely escalate attacks on Kiev in a big way.

https://www.zerohedge.com/geopolitical/russia-informs-un-security-council-direct-war-nato-assured-if-us-approves-long-range

Moody's Threatens Boeing With Junk Downgrade As Strike Halts 737 Production

by Tyler Durden

Friday, Sep 13, 2024 - 11:10 AM

Update (1310ET):

Moody's warned that Boeing is at risk of losing its investment-grade credit rating following the massive labor action that began in the early morning hours when 33,000 of its unionized workers stepped off the production line and into the picket line. The struggling planemaker faces the prospect of a lengthy strike that would crimp production and dwindle cash reserves.

The credit ratings agency placed all of Boeing's ratings, including its Baa3 senior unsecured and P-3 commercial paper ratings, under review for downgrade hours after the strike was announced by the International Association of Machinists And Aerospace Workers. The strike, triggered by the rejection of a tentative agreement, has halted production at Boeing's Seattle factories. The review will evaluate the strike's impact on cash flow, Boeing's equity capital plans, and production challenges with the 737 and 787 models.

https://www.zerohedge.com/markets/spooky-boeing-workers-go-strike-first-strike-2008