News 

The US sees Turkey’s purchase of Russia’s advanced missile system as a big problem for NATO, but Turkey says it can’t quit the deal

“NATO member Turkey has repeatedly said it is committed to buying the Russian missile defense system, despite warnings from the United States that the S-400s cannot be integrated into the NATO air defense system” writes Steve Holland for businessinsider.com. Disputes over strategy in Syria, Iran sanctions and the detention of U.S. consular staff remain unresolved, and the issue of missile defense threatens to widen the rift again.FILE PHOTO: Russian servicemen drive S-400 missile air defence systems during the Victory Day parade at the Red Square in Moscow Reuters WASHINGTON (Reuters)…

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Butterball, Kroger, and Food Lion are recalling 39 tons of ground turkey that might be infected with Salmonella

“US retail giants Butterball, Kroger, and Food Lion have recalled 39 tons (35,500 kilograms) of ground turkey due to potential Salmonella contamination” writes Bill Bostock for businessinsider.com. Ground turkey.The ground turkey mince products were packaged on July 7, 2018 and may be infected with Salmonella Schwarzengrund.The Kroger ground turkey product affected by the recall. Source: businessinsider.com

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The top US general in Europe says the US shouldn’t sell Turkey the F-35 if Turkey buys Russia’s advanced missile-defense system

“F-35 jets to NATO ally Turkey if Ankara does not drop plans to buy S-400 surface-to-air missile-defense systems from Russia” writes Idrees Ali for businessinsider.com. Last month, Turkish Foreign Minister Mevlut Cavusoglu said Ankara’s purchase of Russia’s S-400 missile defense system was a done deal. Source: businessinsider.com

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Trump moves his trade war to a new frontier as he kicks India and Turkey out of a $19 billion agreement

“The actions against India and Turkey come just as Trump and his administration take a more conciliatory approach to negotiations with China over trade” writes Will Martin for businessinsider.com. President Donald Trump, however, has frequently criticized India for its high tariffs on goods imported from the US, and he has now given India notice of its removal from the GSP agreement.India has a “wide array of trade barriers that create serious negative effects on United States commerce,” an announcement Monday from the US trade representative’s office said. Source: businessinsider.com

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Crypto News 

Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

“And as one might expect, such declines were complemented by upticks in Bitcoin trading” writes Simon Chandler for cointelegraph.com. This is why the recent increases in Bitcoin trading against the Turkish lira haven’t been on the scale of trading against the Venezuelan bolívar.In Venezuela, with inflation currently exceeding 100,000 percent, and with millions of people struggling to feed themselves, these three conditions have certainly met.Venezuela may be the starkest example of how financial crises can encourage cryptocurrency adoption, but it isn’t the only one. Source: cointelegraph.com

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Jayme Closs will receive $25,000 in reward money after kidnapped teen freed herself

“Jayme Closs, the 13-year-old girl who spent 88 days in captivity after her parents were shot dead in northwest Wisconsin, will receive $25,000 in reward money pledged for information leading to her safe return” writes Isaac Stanley-becker for seattletimes.com. Hormel Foods, a Fortune 500 company based in Minnesota, put up the money in October, doubling the reward promised by the FBI after Closs disappeared on Oct. 15.The girl’s parents had worked for a local turkey plant operated by Jennie-O Turkey Store, which is a Hormel subsidiary. Source: seattletimes.com

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Markets News 

One new way to take advantage of a breakout in emerging markets

“The EEM, the best-known emerging markets exchange-traded fund, might not be the optimal way to play the space, though” writes Keris Lahiff for cnbc.com. Over the past three months, the EEM emerging markets ETF has rallied 4 percent and shrugged off the extreme volatility and sell-offs that plagued U.S. markets through the end of last year.One way to play the emerging markets is through Direxion’s relative-weight ETFs, says Andrew McOrmond, managing director of WallachBeth Capital.The RWED Emerging Over Developed Markets ETF is 150 percent long emerging markets and 50 percent…

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