President Biden is now hunkering down at his house in Rehoboth Beach, Delaware, on Friday after holding just one public occasion this week.
Biden arrived there late Thursday evening and stays away from the White House following a tumultuous week across the globe and on Wall Street. He has no occasions scheduled for right this moment.
On Friday, the specter of an Iranian counterattack on Israel was nonetheless looming massive following final week’s killings of high Hezbollah and Hamas officers in Lebanon and Iran.
Russia additionally has declared a “federal-level” emergency in its Kursk area bordering Ukraine, based on The Associated Press, the place Kyiv has launched one of many largest shock assaults on Russia because the struggle started over two years in the past.
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Around 1,000 Ukrainian troops are reported to have poured into Russia, the place combating is ongoing.
Wall Street additionally has had a shaky week.
Following a world market sell-off on Monday — which precipitated the Dow to plunge 2.6%, Nasdaq Composite 3.43% and S&P 500 3% — the jobless claims report out Thursday eased some issues of a downturn.
However, one U.S. economist is cautioning that this can be just the start of a “reckoning.”
“There’s a lot of pain ahead of us, both for the economy and this reckoning for the markets that have been really behind the curve, like the Fed,” Macromavens President Stephanie Pomboy stated Thursday on FRESH Business’ “Mornings with Maria.”
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Biden held his lone public occasion of the week on Thursday when he hosted MLB’s reigning World Series champion Texas Rangers on the White House.
After Biden gave just a few remarks concerning the Rangers’ championship season, supervisor Bruce Bochy introduced him with a custom-made jersey. Biden then held up the jersey and posed for a photograph. Bochy additionally gave the president a pair of cowboy boots.
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Moments later, Biden requested, “All right, what am I doing now?” because the visitors and gamers laughed.
Fox News’ Caitlin McFall and Chantz Martin, and FRESH Business’ Kristen Altus contributed to this report.