*By Christian Smith*
South Koreans responded with a mix of optimism and worry Tuesday after President Trump announced he would suspend joint military exercises with South Korea as Kim Jong-un considers how to dismantle North Korea's nuclear arsenal.
President Moon Jae-In of South Korea [watched on TV and smiled](https://www.facebook.com/KoreaClickers/photos/rpp.181274814520/10156484091904521/?type=3&theater) as the American president and the North Korean leader met in Singapore. But Trump's unexpected announcement that he would stop joint military drills made some of America's allies in South Korea uneasy, according to Martyn Williams, editor at NorthKoreaTech.org.
"The right wing in South Korea is already not very pleased with these military drills stopping taking place," Williams said in an interview with Cheddar.
The president's statement, which appeared to be an off-the-cuff comment in a discussion with reporters after his meeting with Kim, was not part of the joint statement signed by the two leaders. The United States and South Korea conduct regular war games to prepare for the possibility of a conflict with North Korea, and there are about 28,500 U.S. troops stationed in South Korea.
Trump had said he hoped to strike a deal with Kim to eliminate North Korea's nuclear program, and touted the "very comprehensive" statement the leaders agreed to at the summit. But Williams said denuclearization will take more negotiations.
"I think it was a good first step, but what comes next is the most important thing," Williams said.
For full interview, [click here](https://cheddar.com/videos/the-winners-and-losers-of-the-north-korea-summit).
Russian lawmakers have given President Vladimir Putin a military force authorization in Ukraine, and President Biden has described Putin's announcement declaring the independence of two provinces within Ukraine and his subsequent deployment of peacekeepers as tantamount to "invasion. David Tafuri, a former Obama campaign foreign policy advisor and Bush State Department official, joined Cheddar News to discuss. "The Ukrainian military occupies more than 70 percent of those provinces still," Tafuri said, noting Putin alleged having a responsibility to defend those regions. "This would put Ukrainian forces and Russian forces right at each other engaged. And that might be how the war starts."
The major indexes ended Tuesday's session sharply lower due to escalating tensions between Russia and Ukraine. Bill Stone, Chief Investment Officer at The Glenview Trust Company, joins Cheddar News' Closing Bell, where he reminds viewers that Wall Street doesn't like uncertainty, and more of the recent losses are due to geopolitics than inflation.
Karim Hijazi, CEO of Prevailion, joins Cheddar News' Closing Bell, where he says that crypto's decentralized nature will pose obstacles for the FBI's new crypto unit, but it will also make progress with items such as managing fraudulent exchanges.
The Retail Industry Leaders Association released a report alleging the safety risks, economic losses, and potential job losses they link to a surge in shoplifting crimes in the United States. Lisa LaBruno, senior EVP of retail operations at the trade organization, joined Cheddar News to discuss the impact of websites that allow for the resale of unverified goods and passing the INFORM Consumers Act to stamp it out. “We need to hold the online marketplaces accountable for being a favored venue for criminals to resell stolen product," LaBruno said. "And that is exactly what the INFORM Act is designed to do."
The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks.
Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions.
President Biden says he’s “convinced” that Russian President Vladimir Putin has decided to launch a further invasion of Ukraine, saying Friday he has “reason to believe” it will occur in the "coming days."
