Chapter 1: What is the main topic discussed in this episode?
Hi, I'm Sharon Reich-Garson in New Jersey. It's Sunday, January 11th. Today, Iran vows to strike back if the U.S. attacks as unrest spreads across the country. President Trump blocks creditors from seizing Venezuelan oil revenue.
Chapter 2: What warning did Iran issue to the U.S. and Israel?
Japan's prime minister signals a snap election. And Hollywood gets ready to put on the glitz at the Golden Globes. This is Reuters World News, bringing you everything you need to know from the frontlines in 10 minutes, seven days a week. Iran is warning the U.S. and Israel of retaliation if Washington launches strikes as anti-government protests escalate across the country.
The country's parliamentary speaker says U.S. bases and Israeli territory would be, quote, legitimate targets in the event of an attack. The threat follows President Trump's pledge that the U.S. is ready to help demonstrators. Sources tell Reuters that Israel is now on high alert and that Israeli Prime Minister Benjamin Netanyahu and U.S.
Secretary of State Marco Rubio spoke by phone about the situation on Saturday. The U.S.-based human rights activist's news agency is reporting that at least 116 people have died since protests began in late December. Ukraine has launched an overnight drone strike into Southern Russia, hitting the city of Voronezh.
At least one woman has been killed and three others injured at the time of this recording, according to regional officials. The governor says more than 10 apartment buildings, private homes, a secondary school and government offices are damaged, calling it one of the heaviest drone attacks on the city since the war began.
The attack follows Russia firing a hypersonic missile close to the Ukraine and Polish border. Human remains have been found in southeast Australia as bushfires ripped through the area. Police say the discovery was near Longwood in Victoria, where fires raging during a summer heat wave have destroyed hundreds of buildings, cut power to thousands, and scorched more than 350,000 hectares.
Authorities are calling this the region's worst fire emergency since the deadly black summer blazes of 2019-2020. Harcourt resident Noel Brown says he's extremely lucky, warning of people worse off than him. It's terrible, terrible to see. You just don't realize how bad it is until you're in the middle of it. With dozens of fires still burning, officials warn that containment could take weeks.
Japan's Prime Minister Sanae Takeuchi is hinting at an early election, possibly as soon as February. It would be her first national test since taking office. Markets are already reacting, the yen is slipping, and critics warn that timing could derail a massive budget meant to shield families from inflation. Speaking of markets, joining us from our sister podcast, Morning Bid, is Elena Casas.
Hi, Elena. What can you tell us about the week ahead? Hi, Sharon. The fourth quarter earnings season kicks off this week with the big banks. JP Morgan get us started on Tuesday and Bank of America, Goldman Sachs and Citigroup. all deliver their numbers later in the week. Banking analysts are expecting a blowout quarter because 2025 was a really strong year for deal making.
There's a few reasons for that. The Trump administration has shown itself much friendlier to deals that might have been stopped by antitrust legislation in the past. And as the Fed cuts rates, the cost of doing those deals is getting cheaper. So the banks are expected to report very strong numbers. We'll drop a link in the pod description.
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