Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

Kyiv Strike Claims 11 Lives as Trump Heads to NATO Summit in Turkey

Published Jul 8, 2026
Share:
Summary:
  • Russian missile and drone attack on Kyiv killed at least 11 people the day before the NATO summit.
  • President Trump arrived in Ankara and met with Turkish President Erdogan.
  • The U.S. is pushing NATO allies to raise defense spending to 5% of GDP faster than the agreed 2035 deadline.

Russian missiles struck Kyiv the day before the summit. President Trump landed in Turkey hours later. The NATO alliance faces a dual crisis: a war on its eastern flank and a fight among its own members over who pays the bills.

The Summit's High-Stakes Setting

Trump arrived at Ankara's airport where Turkish President Recep Tayyip Erdogan met him. The two held a bilateral meeting. Trump called Erdogan "a very strong person" and said he might not have attended the summit if it were not held in Turkey.

The summit brings together all 32 NATO members under pressure from Russia's ongoing military campaign in Ukraine. A senior U.S. official said billions of dollars in new spending announcements are expected on the sidelines.

The attack on Kyiv underscores the urgency of the summit's agenda. Ukraine has been pleading for more air defense systems to counter Russian strikes, and the timing of the attack just before the meeting highlights the ongoing threat. Meanwhile, Trump's call with Putin has raised questions about whether a negotiated settlement is possible, though analysts remain skeptical.

Get your free investing masterclass bonus when you join Market Briefs, our free daily newsletter

U.S. Pushes for Faster Defense Spending

Last year, NATO nations committed to raising their defense budgets from 2% to 5% of GDP by 2035. Currently, the Trump administration insists that member states reach that goal much more quickly than previously planned. U.S. Ambassador to NATO Matthew Whitaker said, "The target is that Europe takes over the conventional defense of the European continent. We're not going away, we're just doing less."

Additional friction arises from past U.S. military action in Iran and the earlier proposal to acquire Greenland, which belongs to NATO ally Denmark.

Ukraine's Plea for More Air Defense

Ukrainian President Volodymyr Zelenskyy is scheduled to attend the summit and hold a bilateral meeting with Trump. He said, "The United States and Europe have enough strength to stop this terror." Ukraine hopes NATO members will commit to more air defense systems to protect against Russian missile and drone strikes.

The strike that killed at least 11 in Kyiv came one day after a 90-minute phone call between Trump and Putin. The Kremlin said the call was "business-like and constructive." Putin aide Yuri Ushakov said Putin described the "real situation on the battlefield." Trump said of Putin, "I think he does feel pressure. He wants to end it, and Ukraine wants to end it, and we're in talks, and we'll see if we can get it ended."

Analyst Michael O'Hanlon of the Brookings Institution offered a cautious view. He said, "I do not think there's any great evidence that Putin is closer to doing a deal. I hope President Trump's right, but I haven't seen proof yet."

Worth Noting

O'Hanlon also warned, "I can imagine so many issues where this could go wrong." He added, "I don't expect great things, but even incremental progress and no blow-up would be welcome." The summit may produce new commitments, but the risk of a breakdown in talks remains real.

Subscribe to Market Briefs, our free daily newsletter, and claim your bonus investing masterclass

Disclosure

Recent News

1 2 3 … 97

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

October 5, 2026
What Is the Briefs Connector? A Simple Guide
  • The Briefs Connector lets your favorite AI read Briefs research, like Pro reports and the Briefs Score.
  • Without it, an AI asked about investing can give answers that sound right but aren't backed by that research.
  • It explains the research, but it won't tell you what to buy or sell.
Read More
October 5, 2026
Is a Recession Coming? What the Last Five Rate Hiking Cycles Say
  • The Fed has started raising rates again, and in the last five hiking cycles going back to 1994, a recession never started while the hikes were underway.
  • The pain showed up where there was a bubble to pop - housing in 2008, dot-coms in 2000, the pandemic money-printing boom in 2022 - and usually after the hikes ended.
  • Private equity and private credit are feeling this cycle first, and how far the pain spreads depends on how high rates go and how long they stay there.
Read More
October 2, 2026
Fed Interest Rates May Rise Again in 2026 - and the Newest Culprit Is AI
  • Fed Governor Barr told a meeting our head of investing research attended that higher rates are likely in 2026, lower inflation may not come soon, and AI is now pushing prices up.
  • The same week, President Trump asked the biggest AI companies to police themselves under an accord that's morally but not legally binding, because the White House sees AI as a race with China.
  • Higher rates put downward pressure on asset prices and squeeze borrowers, but the way through hasn't changed: own investments, buy on a schedule, and treat downturns as discounts.
Read More
October 1, 2026
Housing Market 2026: Why Office Buildings Are Cracking Before Houses Do
  • Office buildings are selling for 80% to 95% off because their five-year loans are resetting at much higher rates while half-empty floors have gutted the income those buildings are valued on.
  • Housing is under pressure, not cracking: a $400,000 mortgage costs $975 more a month than at 3%, but six of every seven mortgages are still under 6% and those owners are staying put.
  • Whether pressure turns into cracks is a race between unaffordability and the economy, and either way Jaspreet's rule is to treat your house as a liability and buy only what you can afford.
Read More
September 30, 2026
Dividend Investing vs. Growth Investing: Why the Slower Portfolio Can End Up Bigger
  • "What stock should I buy?" is the wrong first question. Growth, income, or wealth preservation comes first, and the goal changes which stocks even make sense.
  • At $500 a month for 30 years, 13% growth builds about $1.75 million. 10% growth plus a reinvested 4% dividend builds a little more than $2.2 million and pays a little more than $80,000 a year.
  • Income investors have US dividend ETFs, REITs, and international dividend funds to study. Growth investors have the Nasdaq 100, AI and chip funds, and small caps. None of it is a recommendation.
Read More
September 29, 2026
Why Is Gold Going Down? A 5.2% Treasury Yield Just Took Its Job
  • President Trump rejected Iran's deal to reopen the Strait of Hormuz, oil prices jumped back up, and gold fell instead of rising.
  • Treasury yields hit their highest level in more than 20 years, so investors sold gold and bought Treasuries that pay interest.
  • Higher Treasury yields make the national debt, mortgages, car loans, and credit cards more expensive, with the Fed's next rate decision due October 28.
Read More
September 28, 2026
The Strategic Bitcoin Reserve: Why the Government Wants Bitcoin to Explode
  • The US government holds about 328,000 Bitcoin, worth roughly $25 billion, and since a 2025 executive order it keeps seized coins instead of selling them.
  • Washington wants a bigger pile of assets so its $40 trillion national debt looks smaller next to them, which lets it keep borrowing and spending.
  • Bitcoin's wild price swings, and a government holding a coin built to escape governments, are the two risks investors need to watch.
Read More
September 25, 2026
BRIEFS EXCLUSIVE: 43% Of Respondents Say Bills Outran Their Income Over Past Two Years
  • 43% of the 494 Market Briefs readers surveyed said their bills grew faster than their income over the past two years, even though 79% could cover a surprise $5,000 expense tomorrow.
  • Half of readers own gold or crypto, the two classic bets against a weaker dollar, and only 13% bought nothing at all in the last 12 months.
  • The median reader says it takes $150,000 a year to feel financially secure, about $62,000 above the U.S. median household income.
Read More
September 25, 2026
The Economy Is Booming. So Why Did Stocks and Bonds Fall Together?
  • S&P Global says the US economy is growing at its fastest rate since 2021, with corporate profits up 28.9% in a year, almost four times the historical average.
  • Stocks and bonds fell at the same time, which is not how the two markets normally behave, because Treasury yields above 5% now compete with stocks for investors' money.
  • Jaspreet Singh lays out three ways to invest through a shift like this: always be buying, buy the crash, or follow the money before it hits the headlines.
Read More
September 24, 2026
The 2026 Economic Reset Is Starting: Are We in a Recession, or Is the Pain Still Ahead?
  • The Federal Reserve has flipped from stimulating the economy to fighting inflation with higher interest rates, while the White House still wants growth at almost any cost.
  • The national debt tops $40 trillion, has outgrown the entire U.S. economy, and its interest payments are now the government's fastest-growing expense.
  • Higher rates bring pain for private equity, private credit, and speculative assets, but they open opportunities for investors holding cash, treasuries, and value assets.
Read More
1 2 3 … 28
Share via
Copy link