Homepage / Asia / Robert Gates says a North Korean nuclear warhead will soon be an accepted reality
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Asia

Robert Gates says a North Korean nuclear warhead will soon be an accepted reality

North Korea’s ability to fire a nuclear warhead at the U.S. will soon become an accepted reality, former Defense Secretary Robert Gates told CNBC on Tuesday.

“I think that over the coming year, you’ll see North Korea become accepted as having the capability to launch an intercontinental ballistic missile with a nuclear warhead on it to the United States. A lot of people already believe that they have that capability,” he said.

Gates’ comments come amid high tensions between the U.S. and North Korea as the regime of Kim Jong Un continues missile launches and nuclear tests despite international warnings to desist. North Korea sees the weapons as a way to defend itself against attack or attempts to overthrow Kim.

There is widespread concern that North Korea is close to being able to mount nuclear warheads on its missiles — it claims it can already do so but this has not been independently verified.

Gates, a former CIA director who was Pentagon secretary in the second Bush and Obama administrations, had no expectations that North Korea would suddenly give up its nuclear ambitions ahead of any discussions to de-escalate the ongoing regional crisis.

“If the precondition for any negotiation is a statement or an affirmation by the North Koreans that they’re going to give up their nuclear programs, then we’re going nowhere,” he said.

Speaking to CNBC at the Arab Strategy Forum in Dubai, Gates said the key was to initiate negotiations that first of all “minimizes the threat of an incipient crisis and then begins to alleviate the tensions somewhat.”

Gates suggested that a way to start negotiations was to get North Korea to agree a “freeze” on the testing of both nuclear weapons and missiles “and then the beginning of a negotiation that over time could lead to a denuclearized Korean Peninsula.”

“But anyone that thinks we’re going to jump right to that is being very unrealistic,” he said. “So the question is how do you keep tensions under control while that process plays out.”

Attention has also focused on China as a potential broker for some kind of nuclear pact. The country is a traditional ally of North Korea and is its largest trading partner. However, it would not like to see regime change in North Korea and has previously signaled that it would defend the country if attacked by the U.S.

On the other hand, China wants to preserve stability in the region and has tired of its bellicose neighbor’s repeated defiance of warnings to stop its missile tests. Relations between the countries’ leaders are reported to be frosty, particularly after North Korea conducted missile tests during China’s hosting of high-profile events.

Gates said that while China has influence over North Korea, “it doesn’t have control.”

“(China is) responsible for 80 percent of the gross domestic product of the North, and they have the sole source of oil and coal and fuel for the North, but the Chinese concern is first and foremost about a collapse in the North that throws the control of the nuclear programs into question. But equally important, it would perhaps send millions of North Korean refugees into China,” Gates said.

“Then they worry that if there is a collapse in the North, you end up with a South Korean-dominated, unified peninsula with the U.S. which is the worst of all possible worlds for China.”

Gates believes that China was trying to get North Korea to play down its nuclear program but that Beijing could go only so far before upsetting a delicate power balance in the region.

“The Chinese would like to have a non-nuclear peninsula but they don’t have the ability to make the North Koreans do that, except at very high risk of collapsing the whole regime, so they’re walking a tight wire,” he said.

“(The question is) how much pressure can you put on North Korea without bringing about a collapse, and they don’t know the answer to that, and neither does anybody else,” Gates added.

North Korea is expected to be a topic for discussion when South Korea’s President Moon Jae-in travels to Beijing for a summit with Chinese President Xi Jinping this week. The visit comes amid a row over Seoul’s use of a U.S. anti-missile system that China believes uses a radar to see into its territory, Reuters reported.

Gates also said President Donald Trump‘s decision to recognize Jerusalem as the capital of Israel was “ill-advised” and has probably “significantly” set back the Mideast peace process.

Source: cnbc china
Robert Gates says a North Korean nuclear warhead will soon be an accepted reality

Comments are closed.