![]() Russia has repeatedly complained that the deal largely benefits richer nations. The Black Sea Grain Initiative has allowed three Ukrainian ports to export 32.9 million metric tons of grain and other food to the world, according to the Joint Coordination Center in Istanbul. The Russian Foreign Ministry again declared the northwestern Black Sea area “temporarily dangerous.” Sergei Markov, a Moscow-based pro-Kremlin political analyst, speculated that if Ukraine doesn't heed the warnings, Russia could strike Ukrainian ports or place mines in shipping routes. “We are not afraid,” he said, adding that shipping companies told him “everyone is ready to continue supplying grain” if Ukraine and Turkey were on board. Ukrainian President Volodymyr Zelenskyy said he wanted to keep the initiative going even without Russia’s safety assurances for ships. Western sanctions do not apply to Moscow's agricultural shipments, but some companies may be wary of doing business with Russia. The grain deal provided guarantees that ships would not be attacked entering and leaving Ukrainian ports, while a separate agreement facilitated the movement of Russian food and fertilizer. Finding suppliers outside Ukraine that are farther away also could raise costs, analysts say. But food insecurity worldwide and prices at local stores and markets have risen as developing countries also struggle with climate change, conflict and economic crises. Some analysts don’t expect more than a temporary bump in food staples traded on global markets because countries such as Russia and Brazil have ratcheted up wheat and corn exports. The suspension of the deal sent wheat prices up about 3% in Chicago trading, to $6.81 a bushel, which is still about half what they were at last year's peak. ![]() Ukraine and Russia are both major global suppliers of wheat, barley, sunflower oil and other food that developing nations rely on. The initiative is credited with helping reduce soaring prices of wheat, vegetable oil and other global food commodities. and Turkey brokered last summer to allow shipments of food from the Black Sea region after Russia's invasion of its neighbor worsened a global food crisis. Not this company.”ĬNBC did not immediately reply to a request for comment about the apparent antagonism from Reddit.The suspension marks the end of an accord that the U.N. …A real company has real people who do real things. The fantastic CFO would put out a statement and say, ‘You know what, there’s…really nothing going on at the company that we can attribute the stock moving to.’ That’s what a real company does. “Do you think Costco would just say nothing? No, they would put out a statement. “Let’s say it’s Costco and Costco stock is up 40%,” he said. ET, has been filled with frustration at CNBC-especially after Cramer went after GameStop management and the SEC on Squawk on the Street this morning for not issuing a statement addressing the stock surge. Today’s GME megathread, which had over 45,000 comments by 11:08 a.m. “Do these cnbc morons actually think we’re stupid?” said one user. The frustration seems to come from the perception of Reddit users that they are being mocked for buying the stock. Others post clips of network guests, such as Charlie Munger, vice chairman of Berkshire Hathaway, who are skeptical of the stock, peppering the posts with mocking statements. Because they have no way to understand us.” “They hate…us, because they don’t understand us. “Jim Cramer is a man who doesn’t want you to do better than he does because his job right now is to tell people what value and growth stocks to invest in,” wrote one especially exasperated Redditor in a nearly 3,000-word missive. An increasing number of posts on the r/wallstreetbets forum, admittedly scattered amid the rocket ship and diamond emojis and calls to hold, have been showing an increased level of frustration toward CNBC, with host and former hedge fund manager Jim Cramer getting special attention.
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