Gold Just Hit Another Record. This Junior Could Be Next.

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

DAVID RISING
January 15, 2025

BANGKOK (AP) -- Sen. Tammy Duckworth, grilling President-elect Donald Trump's choice for defense secretary over whether he had the "breadth and depth of knowledge" needed to lead international negotiations, asked Pete Hegseth if could name one member of the Association of Southeast Asian Nations, describe what type of agreement the U.S. had with the countries and how many nations were in the bloc.

Hegseth responded at the heated Senate confirmation hearing that he couldn't tell Duckworth the exact number of ASEAN nations, but that "I know we have allies in South Korea and Japan in AUKUS (a pact between Australia, the United Kingdom and the U.S.) with Australia."

"None of those three countries are in ASEAN," responded Duckworth, a Democrat from Illinois. "I suggest you do a little homework."

What is ASEAN and why is it relevant to the US?

ASEAN is made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. An 11th country, East Timor, is set to join soon.

Established in 1967, its goal is to promote regional economic and security cooperation, leveraging a combined population of more than 650 million people with a GDP of more than $3 trillion.

Duckworth's question came after Hegseth had noted the strategic importance of the Indo-Pacific, a region where China's influence has been rapidly growing and Beijing has become increasingly assertive in pressing territorial claims.

ASEAN members Vietnam, the Philippines, Malaysia and Brunei are locked in maritime disputes with China over its claims of sovereignty over virtually all of the South China Sea, one of the world's most crucial waterways for shipping. Indonesia has also expressed concern about what it sees as Beijing's encroachment on its exclusive economic zone.

What does ASEAN have to do with the US secretary of defense?

The U.S. is treaty partners with ASEAN members Thailand and the Philippines, and Washington has sought to harness ASEAN's regional influence as it seeks to counter Chinese influence and promote what the White House has called "a free and open region that is connected, prosperous, secure and resilient."

President Joe Biden said ASEAN was "at the heart of my administration's Indo-Pacific strategy" and hosted a meeting of ASEAN leaders in Washington in 2022.

ASEAN also holds top-level meetings annually, this year in Malaysia, which holds the rotating chair of the group.

Its defense meetings are typically attended by the U.S. defense secretary, and its foreign minister meetings by the U.S. secretary of state. The meetings culminate with an annual summit, which is regularly attended by the sitting U.S. president. Both Biden and Donald Trump have participated.

Why else is ASEAN important?

Despite some members' territorial conflicts with China, many in the bloc have close relations with Beijing as well, and top-level Chinese officials also attend ASEAN meetings.

The U.S. in 2022 was elevated to the top-level "comprehensive strategic partnership" with ASEAN -- a largely symbolic status that put Washington on the same level with China, which was granted the distinction the year before.

ASEAN emphasizes noninterference and personal diplomacy, and its breadth of membership and partnerships makes it uniquely positioned as a forum to address major geopolitical issues.

Beyond China and the U.S., ASEAN has formal relationships with Russia, India, Australia, the European Union, Britain, Japan, South Korea and many others.

It hosts annual "ASEAN Plus Three" meetings with the leaders of China, South Korea and Japan, "ASEAN Plus Six" talks that add in the leaders of Australia, India and New Zealand, and the East Asia summit, which includes the six plus Russia and the United States.

The ASEAN nations are also central to the Regional Comprehensive Economic Partnership, or RCEP, a free trade agreement that was signed in 2020, creating the largest trade bloc in history.

The 10 nations plus China, Japan, South Korea, Australia and New Zealand account for more than 30% of the world's population and about 30% of global GDP. Conceived at ASEAN's 2011 summit, the agreement includes commitments on trade in goods and services, investments and other areas.

Several ASEAN countries are also part of the Pacific rim trade pact known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, whose members also include Mexico, Canada, Australia, Britain, Chile, Peru and Japan, and whose economies make up more than 14% of global GDP.

Continue Reading...

Popular

Do as I say, not as I do: On my failings as an investor

If a knowledgeable observer trained his or her sights on my choices, what are the trouble spots they would identify? Here are some of the biggies.

Most Bitcoin Holders Have No Idea This Exists - Ad

I call it "Bitcoin Skimming"... and it allows you to "skim" cash into your account thanks to 2025's surging Bitcoin market. You don't have to buy or sell Bitcoin. Not one single penny's worth. In my latest video briefing, I'll give you everything you need to "skim" your first payout -- and it won't cost you a penny.

After Diddy's conviction, here's where his business ventures stand

LOS ANGELES (AP) — Sean “Diddy” Combs has been in his federal sex trafficking trial, but that doesn't mean the once-celebrated music mogul will see his business empire restored.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

650% Later, Rocket Lab CEO Isn't One Bit Worried

Rocket Lab CEO Peter Beck highlights strong demand for launches from both commercial and government customers.

China is Tightening Critical Metal Supply-Investors Wondering Who Will Step Up - Ad

This metal powers everything from munitions to batteries. But with China imposing export controls, the West is scrambling for supply. One tiny firm may control a key N. American site-and investors are watching closely.

Nike Beats The Street And Says The Worst Is Over

Nike Inc (NKE) stock rallies after upbeat fiscal Q4 results. Analysts maintain Buy ratings, raise price targets, citing potential for growth.

Leaked: Jobs' Final Apple Project Exposed - Ad

Bloomberg just leaked details of a secret project Steve Jobs set in motion before his death. After more than a decade under wraps, Apple is finally preparing to unleash this breakthrough - one that could reshape a $9 trillion industry overnight.

North Koreans swim and play at a beach resort touted as a boost for tourism

SEOUL, South Korea (AP) — North Koreans swam, rode water park slides and enjoyed other water activities at a newly opened state media reported Wednesday, as the country largely maintains a ban on the entry of foreign tourists.

UnitedHealthcare Group, Gryphon Digital Mining, AMC Entertainment, Centene, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices were mixed on Tuesday, with the Dow Jones Industrial Average rising 0.9% to 44,494.94 and the S&P 500 declining 0.1% to 6,198.01. The Nasdaq fell 0.8% to 20,202.89. These are the top stocks that gained the attention of retail traders and investors throughout the day:

A Crypto Storm Is Coming - Ad

Right now, conditions are in place for a historic move we expect will be the greatest crypto bull market since Bitcoin emerged. According to one crypto expert (who began mining Bitcoin in his garage in 2013): "We are in the early stages of a crypto mania - the calm before the storm." But most Americans could be blindsided by what's about to happen.

Dalai Lama To Deliver Major Address On 90th Birthday As China Tracks Succession Moves

The 14th Dalai Lama will address a major three-day gathering of Buddhist religious figures this week ahead of his 90th birthday.

This Tiny Tech Stock Could Be the Next Big Platform Play - Ad

One under-the-radar company is embedding intelligence into everyday glass-already powering Ferraris, aircraft, and city buses with adaptive surfaces and vision systems. It's not just a product. It's a platform.

Dubai’s booming restaurant scene is feeling the heat of high costs and high failure rates

DUBAI, United Arab Emirates (AP) — From suspended tables to underwater lounges, some 13,000 food and drink establishments in Dubai pull out all the stops to attract customers in one of the world’s most saturated dining markets.

$1,016/Day in Crypto - Witness the Proven Strategy Now - Ad

Last chance! The "365x Return in 90 Days" crypto Workshop replay disappears this [DAY]. Discover the simple, 92%-win-rate system that turned $250 into $91,457-no charts, no stress.

Diddy Jury Deadlocked On Racketeering Conspiracy Charge As Verdicts Reached On Sex Trafficking Counts — Jurors To Return Wednesday

Jurors in Sean "Diddy" Combs' trial reached verdicts on four charges related to sex trafficking but remain deadlocked on the racketeering conspiracy charge, with deliberations set to continue.

Lisa Murkowski Defends Alaska Carveouts As Elizabeth Warren, Bernie Sanders And Rand Paul Condemn Trump's 'Big Beautiful' Bill: 'Not Good Enough For The Rest Of Our Nation'

Senators across party lines are fiercely divided over Donald Trump's $3.3 trillion "Big Beautiful Bill," which narrowly passed the Senate and now heads to the House amid concerns over debt, tax cuts, and social program rollbacks.

Bitcoin Just Crossed $120,000 ... How High Will It Go? - Ad

Weiss Ratings Crypto Expert, Juan Villaverde believes that 2025 will be the biggest year in crypto history and there is a new coin that he believes could change Bitcoin and Ethereum from the "Big Two" to the "Big Three" this year.

In a blow to Milei, a US judge orders Argentina to turn over its majority stake in state oil company

BUENOS AIRES, Argentina (AP) — The fate of Argentina’s state-run oil company was thrown into doubt Monday as a U.S. judge ordered the cash-strapped country to give up its 51% controlling stake in YPF in partial compensation for seizing the shares of former investors during its 2012 nationalization of the energy group.

Tesla Rival BYD Reports 2025's Best-Selling Month In June Amid Exports Surge

BYD's June sales hit 377,628 units, a 11% YoY growth, with 54.8% being EVs. BYD also saw a 234% increase in exports.

Revived Wartime Resource May Soon Power Everything from Bullets to Batteries - Ad

This overlooked metal isn't just for the battlefield anymore. It's part of the future energy grid, too. This could be a rare early-stage play in a market that's heating up fast.

Ivy League MBA Was A 'Waste Of Time,' Says Veteran Banker, Lists Two Key Traits Far More Relevant In The AI Age

Standard Chartered CEO Bill Winters says his MBA was a waste of time, and today's leaders need curiosity and empathy, not just technical skills.

Kevin O'Leary Says Steve Jobs Was 'Not A Nice Guy' But Taught Him A Success Formula That Elon Musk Now Uses

Kevin O'Leary learned the importance of focus from Steve Jobs and now teaches CEOs to prioritize the next 18 hours for success. Elon Musk surpasses Jobs in concentration.

Unveil the 365X Crypto Secret - Replay Disappearing Soon! - Ad

Only 12 hours left! Watch the replay of the "365x Return in 90 Days" crypto Workshop before it's gone. Discover Joel and Adam's 4-part system, real success stories, and how to start mirroring their trades. This is your last chance-don't miss out.

US job openings in May hit 7.8 million in a continuing display of labor market resilience

WASHINGTON (AP) — U.S. job openings rose unexpectedly in May, a sign that the American labor market t in the face of high borrowing costs and uncertainty over U.S. economic policy.

Scott Bessent On Replacing Powell As Fed Chair: 'I Will Do What The President Wants' — Plays Down Shadow Chair Speculations

U.S. Treasury Secretary Scott Bessent declined to rule out the possibility of replacing Jerome Powell as Federal Reserve Chair and has instead deferred to President Donald Trump's decision on the matter.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Bernie Sanders Warns Of 'Concentration of Ownership' In US Companies: 'That's Power'

Bernie Sanders claims Wall Street giants hold majority of US corporations, giving them power to steer economy & politics. Wants reform & better wages

Drone debris found in Ukraine indicates Russia is using new technology from Iran

Last week, Ukrainian drone hunters picking up the debris from Russia’s nightly assault on their cities found a weapon that stood out from the rest.

Buffett Tells Trustee to Put 90% of Money in This One Stock? - Ad

In a surprising move, Warren Buffett (the world's greatest investor, whose firm returned more than 5,000,000% gains), has instructed his trustee to put 90% of his personal money into one stock investment. Buffett says regular folks should be in this stock, too. A CPA and member of the Global CFA Institute explains how to use this stock to optimize your holdings.

US tariffs on European goods threaten to shake up the world's largest 2-way trade relationship

FRANKFURT, Germany (AP) — , the European Union, is among the entities awaiting word Monday on will impose punishing tariffs on their goods, a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic.

US Credit Card Debt Hits $1.18 Trillion As Americans Downplay What They Owe

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service