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IRAN FOREIGN MINISTRY SPOKESMAN CITES 'FALSE FLAG OPERATIONS IN WARNING AGAINST 'BASELESS' ACCUSATIONS

IRAN'S FOREIGN MINISTRY SPOKESPERSON REJECTS UAE'S STATEMENT ON MISSILES BEING LAUNCHED FROM IRAN AGAINST THE GULF COUNTRY

TECH SELLOFF HITS WALL STREET AS YIELDS SURGE Wall Street closed lower as rising oil prices and Middle East tensions pushed Treasury yields sharply higher, pressuring technology stocks. The Nasdaq fell 1.3%, while the S&P 500 lost 0.7%. Semiconductors led declines as higher

US ENERGY UNDER SECRETARY HAUSTVEIT SAYS ABOUT HALF OF VENEZUELA'S OIL OUTPUT IS NOW BEING EXPORTED TO THE US

U.S. OIL PRODUCERS SET FOR VENEZUELA DEALS Several independent U.S. oil producers are expected to sign production contracts with Venezuela’s state-owned PdVSA on Tuesday, according to Politico. A signing ceremony is reportedly scheduled for Tuesday night in Houston, citing

SEC PROPOSES NEW RULES TO CREATE 'CLEAR AND FIT-FOR-PURPOSE' FRAMEWORK FOR CERTAIN INVESTMENT CONTRACTS INVOLVING CRYPTO ASSETS -STATEMENT

*US DOWNPLAYS CANADA TRADE DEAL HOPES TUESDAY *TRUMP, CARNEY EXPECTED TO SPEAK AGAIN TUESDAY

CANADA-U.S. TRADE CANADIAN, U.S. NEGOTIATORS EXPECTED TO MEET AGAIN AHEAD OF MIDNIGHT TARIFF DEADLINE - CBC NEWS

*IRAN FM SAYS TEHRAN REJECTED CEASEFIRE PROPOSALS *IRAN FM SAYS WAR MUST END, NOT PAUSE

AMERICA’S $39 TRILLION DEBT HITS EVERYDAY FINANCES A Conference Board report warns that rising U.S. debt could increasingly squeeze families and businesses through higher borrowing costs. The debt now exceeds $39 trillion, or roughly $116,000 per American. Higher deficits

FEDERAL DEFICITS COULD DRIVE UP STUDENT LOAN COSTS A Conference Board study warns that rising U.S. deficits can push up interest rates and make student loans more expensive. For a hypothetical student borrowing $75,000, lower deficits could reduce lifetime payments by about

ANTHROPIC LINES UP $10B+ CREDIT AHEAD OF IPO Anthropic’s revolving credit facility is set to exceed $10 billion as banks compete for roles in the AI giant’s highly anticipated IPO. The Claude maker is reportedly working with Morgan Stanley, Goldman Sachs and JPMorgan on the

*ANTHROPIC PRE-IPO CREDIT FACILITY SET TO CLIMB PAST $10B TARGET

UAE'S DEFENSE MINISTRY SAYS IT DETECTED TWO BALLISTIC MISSILES LAUNCHED FROM IRAN

ISRAEL-TURKEY TENSIONS RISE OVER SYRIA STRIKE An Axios reporter says a senior Israeli official claimed the strike on a Syrian air base in the Idlib area was meant to prevent a Turkish military foothold. A senior Turkish official denied any Turkish presence at the base, accusing

APPLE $AAPL OVERHAULS EU APP STORE TERMS, REPLACES CORE TECHNOLOGY FEE The Core Technology Fee gives way to a 5% Core Technology Commission on digital transactions completed outside the App Store. New commission rates: - 26% for App Store apps using Apple in-app purchase - 20%

$AAPL - APPLE OVERHAULS EU APP STORE FEES Apple is revamping its EU App Store terms from October 1. The Core Technology Fee will be replaced by a 5% commission on digital transactions outside the App Store. EU commissions will be 26% for Apple in-app purchases, 20% for

US CRUDE FUTURES RISE BY MORE THAN $1 AS HOPES OF US-IRAN PEACE DEAL FADE

KKR MAKES $9B TAKEOVER BID FOR UGI $UGI KKR $KKR offered $42.50 a share, sources tell the WSJ. UGI closed at $35.09 Monday for a market value of around $7.5B, putting the bid at a 21% premium. It could not be learned whether UGI will be receptive, and there is no guarantee of a

$KKR - KKR Makes $9 Billion Takeover Bid for Natural Gas and Electricity Distributor, Sources Say KKR Made Offer to Buy Pennsylvania-Based UGI for $42.50 a Share, Sources Say

SPOT SILVER FALLS OVER 3% TO $63.72/OZ

PENTAGON WEIGHS SMALLER U.S. GULF PRESENCE The Pentagon is considering reducing U.S. troop presence in the Persian Gulf after the Iran war, as repeated Iranian strikes exposed vulnerabilities at major American bases. Options include shifting forces west toward Jordan, Israel or

$NVDA - BOFA: NVIDIA COULD BE UP TO 50% UNDERVALUED Bank of America says Nvidia may trade at a 34%-50% discount, as investors could be overstating AI-related risks. BofA sees Nvidia’s aggressive AI investments as a long-term opportunity, despite potential balance-sheet risks if

SPOT GOLD FALLS OVER 1% TO $4,362.79/OZ

UAE AIR DEFENCE SYSTEMS DETECTED MISSILE THREAT - UAE DEFENSE MINISTRY POST ON X

FRENCH BUDGET MINISTER: MINISTRY WILL USE AI TO TEST CYBSECURITY VULNERABILITIES AFTER TAX AGENCY WAS HACKED

$META - META PLATFORMS SHARES TOUCH OVER TWO-WEEK LOW, LAST DOWN 3.8%

U.S. PENDING HOME SALES DROP SHARPLY U.S. pending home sales fell 2.3% in July, missing expectations for a 0.6% increase. Higher mortgage rates weighed on demand, while record home prices continued to pressure buyers. The West fell 4.7%, the steepest regional decline, while

*TRUMP SAYS ALL MINES WERE REMOVED OR DETONATED IN HORMUZ STRAIT

TRUMP: NO IRAN TALKS, NAVAL BLOCKADE CONTINUES Trump says no talks with Iran are underway or scheduled. The naval blockade remains fully in effect, while the Strait of Hormuz is open and operating. Trump also says all water mines have been removed or detonated.

YARDENI: 5% TREASURY YIELD IS THE KEY LINE Ed Yardeni isn’t alarmed by surging global bond yields—yet. He expects the U.S. 10-year Treasury yield to remain within a 4%-5% range without seriously hurting the economy or corporate earnings. But with the yield now near 4.73%, he’s

IAEA: INFORMED THAT A DRONE EXPLODED AT A BUS STOP USED BY STAFF TRAVELLING TO THE ZAPORIZHZHYA NPP AT AROUND 06:00 TODAY IAEA: EXPLOSION CAUSED 16 CASUALTIES AMONG STAFF AND SUBCONTRACTORS, INCLUDING ONE DEATH AND THREE SERIOUS INJURIES

U.S. INDUSTRIAL OUTPUT MISSES FORECAST U.S. industrial production rose 0.2% in July, below the 0.3% forecast. Manufacturing output increased 0.2%, matching expectations, while mining gained 0.2% and utilities rose 0.5%. Capacity utilization edged up to 76.3%, in line with

*US JULY INDUSTRIAL PRODUCTION RISES 0.2% M/M; EST. +0.3%

🚨Political Trade Alert🚨 Rep. Scott Peters has released a new financial disclosure. Highlights: (No Stock Purchases) Audax Senior Loan Fund > $1,000,000 US Treasury Bill > $1,000,000 Sold: Charlotte-Meckle $250k - $500k LA CA IMPTSch > $1,000,000

ECB'S LANE: EURO ZONE INFLATION ONE PERCENTAGE POINT ABOVE ECB'S 2% TARGET IS A LOT

US 10-YEAR YIELD HITS 19-MONTH HIGH The 10-year Treasury yield climbed to 4.75%, its highest since early 2025, as a global bond selloff deepened. Inflation concerns, heavy corporate debt issuance and thin August trading are pressuring bonds worldwide. Middle East tensions and

US DATA: PRICES FALL, HOUSING SENDS MIXED SIGNALS Import prices fell 0.4% in July, versus +0.1% expected, while export prices dropped 1.3%, versus +0.2% forecast. Housing was mixed. Building permits rose 5% to 1.443M, beating the 1.370M estimate. However, housing starts

*US JULY IMPORT PRICES FALL 0.4% M/M; EST. +0.1% *US JULY EXPORT PRICES FALL 1.3% M/M; EST. +0.2%

US JULY HOUSING STARTS -12.4% VS JUNE +19.7% US JULY HOUSING STARTS 1.239 MLN UNIT RATE (CONSENSUS 1.350 MLN), VS JUNE 1.415 MLN UNITS

🇺🇸TRUMP’S TUESDAY SCHEDULE: President Trump’s schedule for Tuesday, August 18 centers on a series of closed-door policy meetings. 🔸8:00 AM: Executive Time 🔸11:00 AM: Policy Meeting 🔸12:00 PM: Policy Meeting 🔸2:30 PM: Policy Meeting 🔸4:00 PM: Policy Meeting 🔸5:00 PM:

📈 PRICE TARGET RAISED • $ANF: PT raised to $126 from $110 by JPMorgan • $CPB: PT raised to $22 from $20 by JPMorgan • $LIFE: PT raised to $37 from $23 by JPMorgan • $P: PT raised to $170 from $100 by TD Cowen • $MRVL: PT raised to $225 from $200 by TD Cowen • $NTAP: PT

🟢 UPGRADES • $AMX: Upgraded Neutral → Overweight by JPMorgan; PT raised to $32 from $30 • $AKR: Upgraded Sector Weight → Overweight by KeyBanc; PT $25 • $BBWI: Upgraded Neutral → Buy by Citi • $STRW: Upgraded Neutral → Buy by Compass Point • $DUOL: Upgraded Neutral →

Trump tweets: Strait of Hormuz - new American territory

AI BUBBLE TOPS MARKET RISK FEARS An AI bubble is now the biggest tail risk for markets, according to Bank of America’s August fund manager survey. 32% of investors see an AI bubble as the main threat—a rare event that could trigger major market disruption. Meanwhile, 27%

INVESTORS GROW MORE BULLISH ON U.S. STOCKS Confidence in U.S. equities is rising, according to Bank of America’s August fund manager survey. A net 27% of managers are overweight U.S. stocks, up from 24% in July and the highest since December 2024. The S&P 500 is up 13% this

FUND MANAGERS SEE GOLD AS UNDERVALUED Fund managers are turning more bullish on gold, according to Bank of America’s August survey. A net 16% say gold is undervalued, up sharply from 6% in July and the highest since March 2023. Gold has fallen significantly since topping

INVESTORS BRACE FOR GLOBAL STAGFLATION Most investors expect stagflation—weak growth combined with high inflation—over the next 12 months, Bank of America’s August survey shows. 49% expect stagflation, up from 47% in July. Meanwhile, 43% expect an economic boom, the highest

WARSH EXPECTED TO STAY NEUTRAL AT JACKSON HOLE Federal Reserve Chair Kevin Warsh is expected to strike a neutral tone at the Fed’s Jackson Hole meeting later this month, according to Bank of America’s August survey. However, 31% expect a hawkish message, signaling tighter

*GERMANY PAYS HIGHEST YIELD SINCE 2011 FOR 30-YEAR BOND SALE

IRAN'S TOP NEGOTIATOR QALIBAF SAYS HORMUZ STRAIT WILL REMAIN CLOSED UNTIL U.S. MEETS INTERIM DEAL CONDITIONS

RUSSIA'S LAVROV SAYS RUSSIA AND DPRK ARE FIGHTING TO ESTABLISH NEW AND RIGHTEOUS WORLD ORDER - KCNA

🚨Insider Trade Alert🚨! Insider Phanstiel S. Louise has purchased 115,200 shares in $BFLY Butterfly Network, Inc. worth $999,509.76 $BFLY current value: $9.02 Market: NYSE

🚨Insider Trade Alert🚨! President and CEO WILSON TROY EDWARD has purchased 100,000 shares in $KURA Kura Oncology, Inc. worth $1,112,000.00 $KURA current value: $11.28 Market: NASDAQ

TRUMP APPROVAL FALLS TO PRESIDENCY LOW President Trump’s approval rating fell to 33%, the lowest of his presidency, according to a Reuters/Ipsos poll. About 64% disapprove of his performance. The Iran conflict is a major concern: 80% of Americans expect U.S. involvement to

TRUMP SAYS U.S. NOT SEEKING EXTENSION OF IRAN MOU

Trump: Iran is in big trouble

Trump: We're taking out millions of barrels of oil a week from the strait of Hormuz, it is open

Trump: We control the strait of Hormuz

TRUMP ON UK PM: HE HAS IMMIGRATION, ENERGY PROBLEMS

TRUMP ON IRAN: THEY'RE NOT GOING TO MAKE THE KIND OF DEAL THAT I THINK IS NECESSARY

US 30-YEAR YIELD HITS 2007 HIGH The 30-year Treasury yield climbed to 5.29%, its highest since 2007, as investors worry about rising U.S. debt, heavy bond issuance and persistent inflation. AI-related corporate borrowing and weaker demand for long-term bonds are adding

*WRIGHT SAYS US IMPROVING HORMUZ SHIPPING ESCORTS *WRIGHT SAYS MIDEAST OIL FLOWS NOT FULLY RESTORED

XI TO SKIP UN, FOCUS ON TRUMP SUMMIT Chinese President Xi Jinping will reportedly skip the UN General Assembly during his U.S. visit next month. Xi is scheduled to meet President Trump at the White House on September 24, with his trip expected to focus almost entirely on the

IRAN SEIZES UAE-OWNED TANKER IN HORMUZ STRAIT: FARS

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FELL BY ABOUT 5.3 MLN BARRELS TO 293.4 MLN BARRELS LAST WEEK, LOWEST SINCE 1982

CITADEL: FED POLICY KEEPING TREASURY YIELDS HIGH Citadel Securities says the Fed’s policy approach is helping keep long-term Treasury yields near multi-decade highs, creating broader market risks. The 30-year yield topped 5.28%, its highest in 19 years, despite softer inflation

REPORT: PENTAGON SEES NO GUARANTEED HORMUZ SOLUTION The Pentagon has reportedly concluded that no current military plan can guarantee safe shipping through the Strait of Hormuz, according to a regional intelligence source cited by Iran’s Press TV. The source claims the

🚨Insider Trade Alert🚨! Insider Hixon Dylan has purchased 85,518 shares in $NRGV Energy Vault Holdings, Inc. worth $319,780.38 $NRGV current value: $3.81 Market: NYSE

SPOT SILVER RISES NEARLY 3% TO $66.54/OZ

BOARD OF PEACE OFFICIAL: ISRAELIS ARE GOING TO GIVE THIS A CHANCE.

KUSHNER'S MEETING WITH NETANYAHU WAS LENGTHY, IN DEPTH, AND VERY PRODUCTIVE -BOARD OF PEACE OFFICIAL

IRAN: U.S. NO LONGER A RELIABLE PARTNER Iran’s Foreign Ministry says recent conflicts have convinced countries across the region that the United States is an “unreliable and untrustworthy partner.” Foreign Ministry spokesperson Esmail Baghaei said this shift in regional

BTIG WARNS STOCKS FACE SEASONAL PULLBACK BTIG warns U.S. stocks are entering the historically weakest period of midterm election years with valuations stretched and volatility near 2026 lows. Since 1990, the equal-weight S&P 500 has typically suffered at least a 7%

GLOBAL DEBT ISSUANCE DROPS 16% Global debt issuance fell 16% YoY last week, according to Goldman Sachs, although year-to-date issuance remains 9% higher. Investment-grade corporate issuance jumped 60%, while high-yield debt fell 41% and leveraged loans plunged 88%.

$NKE - NIKE SINKS TO 12-YEAR LOW Nike fell 3.2% to $39.42, putting shares on track for their lowest close since September 2014. The stock is now down 38% YTD, 5.5% in August, and nearly 78% from its 2021 all-time high. Nike is also the worst performer in the Dow today and is

$SPCX - SPACEX SHARES CLIMB 5.1% TO $147.16

SPOT GOLD RISES 1% TO $4,419.79/OZ

ECB WARNS AI BOOM COULD END IN CORRECTION ECB economists warn stock-market valuations may be heading for a correction as enthusiasm around AI pushes tech valuations toward dot-com bubble levels. Unlike the early 2000s, policymakers have less room to cut rates or deploy fiscal

$AMZN - MORGAN STANLEY SEES AMAZON AT $500 Morgan Stanley says Amazon (AMZN) could hit $500 by end-2027 if AWS growth accelerates, nearly doubling from current levels. The bull case depends on AWS eventually reaching $1T in annual revenue, fueled by AI compute demand and

$NVDA - NVIDIA TO INVEST $100BN FOR OPENAI DATA CENTRE IN OHIO - FT

WELLS FARGO CUTS GOLD TARGETS Wells Fargo Investment Institute lowered its 2026 year-end gold target to $4,900–$5,100/oz, from $5,300–$5,500. Its 2027 target was also cut to $5,400–$5,600, from $5,800–$6,000. Despite the reductions, Wells Fargo still expects gold prices to

$SPCX - HARVARD BETS $2.2B ON SPACEX Harvard Management disclosed a $2.2B stake in SpaceX (SPCX), making it over 50% of its $4.26B disclosed U.S. equity portfolio. The position includes roughly 12.94M shares, making SpaceX Harvard’s largest reported U.S. holding. Other major

WELLS FARGO NOW SEES FED HIKES Wells Fargo Investment Institute now expects the Fed to raise rates by 25 bps in 2026, reversing its previous forecast for no change. It also expects another 25-bp hike in 2027, taking the federal funds rate to 4.00%–4.25%. The shift marks a more

EVERCORE: S&P 500 COULD HIT 9,000 Evercore ISI strategist Julian Emanuel says the S&P 500 could reach 9,000 within 12 months, implying roughly 16% upside from current levels. He argues traditional bull-market killers — recession, surging long-term yields and extreme investor

JP MORGAN RAISES 2026 YEAR-END TARGET FOR JAPAN'S TOPIX INDEX TO 4,600 FROM 4,400

🚨Political Trade Alert🚨 Rep. Richard McCormick has released a new financial disclosure. Highlights: $BRK.B Berkshire Hathaway $1k - $15k Sold: $ABT Abbott Labs $1k - $15k $AAPL Apple $1k - $15k $ADI Analog Digital Devices $1k - $15k $CSCO Cisco $1k - $15k $EMR Emersion

🚨Political Trade Alert🚨 Rep. Michael Patrick Guest has released a new financial disclosure. Highlights: $XOM Exxon Mobil $2k -$30k (converted through name change) Sold: $CVX Chevron $1k - $15k $ABNB Airbnb $1k - $15k $ELF Elf beauty $1k - $15k

S&P 500 REVENUE GROWTH HITS 5-YEAR HIGH Goldman Sachs says S&P 500 revenues grew 6.4% YoY in Q2, excluding energy — the fastest pace in five years. Big Tech led the growth, while median S&P 500 revenue excluding tech rose just 3%. Corporate earnings jumped nearly 50% YoY,

US 30-YEAR TREASURY YIELDS REACH 5.29%, HIGHEST SINCE 2007

IRGC DENIES TRUMP’S BACKCHANNEL CLAIM Iran’s IRGC has denied President Trump’s claim that U.S. officials are holding secret backchannel talks with the group. An IRGC spokesperson called the claim “a lie”, insisting no negotiations with Washington are taking place. The

🚨Insider Trade Alert🚨! Chief Strategy Officer Basit Haris Fozan has purchased 25,000 shares in $BTDR Bitdeer Technologies Group worth $221,000.00 $BTDR current value: $9.13 Market: NASDAQ

IRAN-OMAN HORMUZ DEAL NEARS COMPLETION Iran says an agreement with Oman on shipping through the Strait of Hormuz is nearly finalized. The proposed framework could reopen the strait, with ships entering near Iran and exiting near Oman, reportedly without fees or tolls during an

GERMANY'S 10-YEAR GOVERNMENT BOND YIELDS HIT HIGHEST SINCE MAY 2011 AT 3.2138%, UP 1.5 BPS

IRAN SHIFTS TO “FULLY OFFENSIVE” POLICY Iran has decided to shift from a defensive posture to a “fully offensive” strategy, a senior Iranian official told Reuters. Tehran has given the U.S. a few weeks to fully implement their MOU, warning it will not tolerate an indefinite

IRAN WILL NOT WAIT FOR U.S. TO CONTINUE THE NAVAL BLOCKADE INDEFINITELY - SENIOR IRANIAN OFFICIAL

ALL IRANIAN ENTITIES WILL BE PREPARED TO ESCALATE TENSIONS IN HORMUZ STRAIT AND THE REGION IF DIPLOMACY FAILS - SENIOR IRANIAN OFFICIAL

IRAN HAS SET A DEADLINE OF A FEW WEEKS FOR FULL IMPLEMENTATION OF MOU BY U.S. - SENIOR IRANIAN OFFICIAL

$UBER - UBER CEO SEES DRONES ACCELERATING GROWTH OF UBER EATS UBER, ZIPLINE TARGET 1M DRONE DELIVERIES PER DAY BY END OF 2029 UBER CEO EXPECTS TO DELIVER ORDERS FASTER AND OVER LONGER DISTANCES WITH DRONES UBER TO INVEST IN ZIPLINE

TRUMP CONFIRMS IRAN BACKCHANNEL, DEMANDS SURRENDER President Trump confirmed direct backchannel talks with Iran’s IRGC as the 60-day ceasefire deadline expires. Trump said Iran should raise the “white flag of surrender,” while reiterating his core demand: Iran cannot obtain a

🇺🇸 TRUMP’S MONDAY SCHEDULE President Trump’s schedule for Monday, August 17: 🔸 8:00 AM — Executive Time 🔸 11:00 AM — Intelligence Briefing 🔸 1:00 PM — Greets Lifeguard Ryder Williams in the Oval Office 🔸 4:00 PM — Policy Meeting in the Oval Office All listed presidential

SHEIN IPO VALUATION PLUNGES TO $25B Shein is targeting a valuation of around $25B–$28B for its upcoming Hong Kong IPO, down sharply from $98.2B in 2022. At $25B, Shein could raise up to $2B by selling 8% of its shares. The markdown reflects slowing growth, higher tariffs,

$RTX - U.S. NAVY AWARDS RAYTHEON $22.9 BILLION CONTRACT TO BOOST OUTPUT OF TOMAHAWK MISSILE - STATEMENT

$MSTR - STRATEGY SELLS $334M STOCK, BUYS NO BITCOIN Strategy sold 3.46M shares, raising $333.7M through its ATM program last week. The company made no Bitcoin purchases, keeping holdings unchanged at 840,447 BTC, acquired for $63.36B at an average $75,385 per BTC. Strategy

YEMEN'S HOUTHIS SAY THEY ATTACKED SAUDI MILITARY LANDING SHIP AND FOUR ESCORT VESSELS OFF MOCHA COAST IN RED SEA WITH BALLISTIC MISSILES, NO SAUDI CONFIRMATION

TRUMP THREATENS OMAN OVER IRAN BLOCKADE President Trump threatened military action against Oman if it interferes with the U.S. blockade of Iranian ships in the Strait of Hormuz, according to Fox News. Trump said the blockade is increasing pressure on Iran and that he is “not in

US-IRAN DEAL DEADLINE EXPIRES The 60-day deadline for a U.S.-Iran agreement has expired without a final deal, leaving both sides divided over the Strait of Hormuz, Iran’s nuclear program and sanctions relief. Attention now turns to Iran-Oman negotiations over shipping through

BOFA: THE TRADE IS LONG GOLD Bank of America strategist Michael Hartnett says gold remains the best hedge against dollar weakness, bond losses and asset inflation. Gold funds attracted $6.3B last week, the largest inflow since January 2026. Hartnett’s “Anything But Dollar”

📉 PRICE TARGET CUT • $AEP: PT cut to $139 from $146 by Truist Securities • $AMTM: PT cut to $26 from $31 by JP Morgan • $APA: PT cut to $40 from $41 by Barclays • $APP: PT cut to $440 from $500 by Benchmark • $CVX: PT cut to $208 from $216 by Barclays • $COP: PT cut

• $RIGL: PT raised to $49 from $40 by Piper Sandler • $SAIL: PT raised to $22 from $19 by Wells Fargo • $S: PT raised to $22 from $16 by Wells Fargo • $SNOW: PT raised to $385 from $310 by Jefferies • $SUI: PT raised to $147 from $146 by Barclays • $SKT: PT raised to

📈 PRICE TARGET RAISED • $ABBV: PT raised to $300 from $295 by Wells Fargo • $AHR: PT raised to $65 from $60 by BMO • $AMLX: PT raised to $30 from $24 by Mizuho • $AMAT: PT raised to $675 from $575 by Berenberg • $AVBP: PT raised to $47 from $44 by H.C. Wainwright •

MARKET MOVERS 🟢 UPGRADES • $YPF: Upgraded Hold → Buy by HSBC; PT raised to $60 from $52 • $PMT: Upgraded Hold → Buy by Deutsche Bank; PT $12 • $NYAX: Upgraded Market Perform → Outperform by Keefe, Bruyette & Woods; PT $75 • $OKTA: Upgraded Equal Weight → Overweight

TRUMP: ISRAELIS SHOULD NOT BE STRIKING IN GAZA TRUMP: I MAY ENDORSE SOMEBODY IN ISRAELI ELECTION

*TRUMP THREATENS TO BOMB OMAN IF IT GETS IN US' WAY: FOX NEWS

*TRUMP SAYS THERE IS BACKCHANNEL WITH IRGC OFFICIALS: FOX *TRUMP, ON IRAN, SAYS HE'S IN 'NO HURRY': FOX NEWS

$SPCX - UBS BULLISH ON SPACEX — $210 TARGET UBS reiterated its Buy rating on SpaceX with a $210 price target, expecting AI token demand and Starlink expansion to drive growth. UBS sees Starship and V3 satellites accelerating Starlink broadband next year. SpaceX’s mobile

TRUMP CUTS KOREA DRILLS TO REVIVE KIM TALKS President Trump ordered reductions to U.S.-South Korea military exercises, reviving a strategy used during his first-term nuclear talks with Kim Jong Un. The move comes as North Korea has significantly expanded its nuclear arsenal,

TRUMP- IRAN CANNOT HAVE, IN ANY WAY, SHAPE, OR FORM, A NUCLEAR WEAPON

🇯🇵 JAPAN BOND YIELDS HIT 30-YEAR HIGH Japan’s 10-year government bond yield surged to 2.93%, its highest level since 1996. Markets are increasingly betting the Bank of Japan will raise rates in September to contain inflation risks from a weak yen. Swap markets now price in

US-CHINA ROBOTICS DECOUPLING BEGINS Bernstein says the FCC ban on new foreign-made mobile robots marks the start of U.S.-China robotics decoupling. Restrictions could expand to AI chips and investments, while China could retaliate through data controls or rare-earth magnets.

🚨Insider Trade Alert🚨! Insider MAVERICK CAPITAL LTD has purchased 52,071 shares in $INFQ Infleqtion, Inc. worth $646,836.38 $INFQ current value: $12.86 Market: NYSE

JANE STREET EXECUTIVES TO EMPLOYEES IN NOTE: JULY WAS A BAD MONTH, TRADING REVENUE WAS NEGATIVE FOR THE FIRST MONTH SINCE 2016

*JANE STREET POSTED ROUGHLY $15B LOSS IN JULY: FT

IRAN SAYS NO DECISION YET ON U.S. TALKS Iran has not decided whether to resume negotiations with the United States, Foreign Minister Abbas Araqchi said. Qatar and Pakistan continue exchanging messages with Tehran as mediators, but Araqchi stressed that these contacts do not

IRAN REJECTS TRUMP’S HORMUZ THREAT Iran says it will not be intimidated after President Trump threatened to declare the Strait of Hormuz U.S. territory. Deputy Foreign Minister Kazem Gharibabadi said decisions over opening or closing the strategic waterway remain solely under

U.S. PUSHES ALLIES TO CHOOSE SIDES IN AI RACE Washington is preparing to warn partner countries against joining competing Chinese AI initiatives, according to Reuters. Countries aligned with the U.S.-led Pax Silica framework could risk exclusion if they also participate in

IRAN'S FM ARAQCHI SAYS MEDIATORS QATAR, PAKISTAN EXCHANGING MESSAGES WITH IRAN BUT THIS DOES NOT MEAN TALKS -ISNA

AMD $AMD REPORTS 3.3 MILLION CLASS A SHARE STAKE IN SPACEX The position appears in an SEC filing. SpaceX is privately held. SpaceX Class A shares turned up across several Q2 filings this week, including Coatue at 18.6M shares, Balyasny at 3.4M, Apollo at 2.02M, Altimeter at

NERDY $NRDY ANNOUNCES 1-FOR-15 REVERSE STOCK SPLIT

INTEL $INTC CEO LIP-BU TAN BUYS $10M IN STOCK ON THE OPEN MARKET Tan purchased 105,263 shares at an average price of $95 on August 11, per an SEC filing. Intel reported Q2 revenue of $16.13B, up 25%, on July 23.

ALTIMETER Q2 13F: NEW $1.6B CEREBRAS STAKE, SEMICAP BUILDOUT, META CUT 31% All holdings: - Nvidia $NVDA: $1.88B - Cerebras Systems: $1.60B, new - Meta Platforms $META: $763.3M, shares -31% - Taiwan Semiconductor $TSM: $682.6M, shares +5% - CoreWeave $CRWV: $604.6M, shares +35% -

ICAHN Q2 13F: ADDS 69M UNITS OF ICAHN ENTERPRISES, CUTS AEP 64% All holdings: - Icahn Enterprises $IEP: $4.46B, units +13% - CVR Energy $CVI: $1.96B - CVR Partners $UAN: $464.2M - Centuri Holdings $CTRI: $433.5M - International Flavors & Fragrances $IFF: $338.7M - EchoStar

BERKSHIRE NEARLY DOUBLES ALPHABET STAKE, NOW ITS THIRD-LARGEST HOLDING Alphabet Class A $GOOGL rose 45% to $28.16B and Class C $GOOG jumped 658% to $9.61B, a combined $37.76B stake that now ranks third in the portfolio, ahead of Coca-Cola. All holdings: - Apple $AAPL: $65.95B -

COATUE Q2 13F: MICRON UP 1794%, NEW $3.2B SPACEX AND $1.5B CEREBRAS STAKES Largest holdings: - Taiwan Semiconductor $TSM: $4.26B - Lam Research $LRCX: $4.09B - Micron $MU: $3.63B, shares +1794% - SpaceX: $3.17B, 18.6M Class A shares, new - Applied Materials $AMAT: $3.05B - GE

VIKING GLOBAL Q2 13F: AMAZON UP 210%, NEW FERRARI AND SPACEX STAKES Largest holdings: - Visa $V: $2.19B - Taiwan Semiconductor $TSM: $1.51B, shares -29% - Air Products $APD: $1.39B - Sherwin-Williams $SHW: $1.33B - Fortive $FTV: $1.22B - Meta Platforms $META: $1.05B, shares +76%

APOLLO OPENS $346M SPACEX STAKE, LIFTS RUSSELL 2000 PUT 208% Largest holdings: - iShares Russell 2000 ETF $IWM puts: $1.20B, shares +208% - EchoStar 3.875% notes: $968.8M, +34% - Rackspace Technology $RXT: $846.3M - Phoenix ED Partners $PXED: $818.0M - Hilton Grand Vacations

TRUMP ON IRAN: PRETTY SOON I'LL BE DECLARING HORMUZ STRAIT A TERRITORY OF THE UNITED STATES

PARAMOUNT SKYDANCE CLEARS ALL REGULATORY CONDITIONS FOR WARNER BROS. DISCOVERY DEAL The company says it has secured clearances in nearly 70 countries worldwide, satisfying all regulatory conditions under the merger agreement. $PSKY $WBD

BALYASNY REPORTS 3.4 MILLION SHARE STAKE IN SPACEX $SPCX The position appears in the hedge fund's latest quarterly filing. SpaceX is privately held. SpaceX reported Q2 revenue of $7.80B, up 92%, with a $541M net loss, in an SEC filing this month.

STRIPE AND ADVENT IN TALKS TO BUY PAYPAL $PYPL The two proposed $60.50 a share in July, a price PayPal viewed as insufficient, and the sides have since been negotiating a potentially higher number, per the WSJ. A deal could come together in the coming weeks, though there is no

ORACLE $ORCL SAYS PROJECT JUPITER REMAINS ON SCHEDULE The company says it continues to work closely with its partners to move the project forward.

Last 🚨Insider Trade Alert 🚨 for $ABCL was Feb 27 2026 Since then $ABCL is up +200% 👀 Follow to never miss an insider trade

🚨Insider Trade Alert🚨! Chief Financial Officer Booth Andrew has purchased 37,200 shares in $ABCL AbCellera Biologics Inc. worth $383,904.00 $ABCL current value: $11.03 Market: NASDAQ

LUIGI MANGIONE SAYS HE INTENDS TO PLEAD GUILTY IN FEDERAL CASE Mangione told a court hearing he intends to plead guilty in the federal case over the killing of the UnitedHealthcare CEO. Prosecutors had said they would seek the death penalty in the federal case. $UNH

🚨Political Trade Alert🚨 Rep. Tracey Mann has released a new financial disclosure. Highlights: (From 2024) $AAPL Apple $1k - $15k $GOOGL Google $1k - $15k $MSFT Microsoft $1k - $15k $META Meta $1k - $15k Sold: All sold ~ Sept. 9 2024

🚨Political Trade Alert🚨 Rep. Carol Miller has released a new financial disclosure. Highlights: Sold: $PFE Pfizer $15k - $50k $DGX Quest Diagnostics $15k - $50k $TGT Target $15k - $50k

🚨Political Trade Alert🚨 Rep. Shri Thanedar has released a new financial disclosure. Highlights: Sold: $AAPL Apple $100k - $250k $MSTR Strategy Inc. $15k - $50k

🚨Political Trade Alert🚨 Rep. Derek Tran has released a new financial disclosure. Highlights: Sold: $LTC Litecoin $1k - $15k

🚨Insider Trade Alert🚨! Insider Schiffman Glenn has purchased 3,000 shares in $MTCH Match Group, Inc. worth $109,890.00 $MTCH current value: $37.28 Market: NASDAQ

DLOCAL $DLO Q2 REVENUE BEATS BY $31M • Revenue: $399.7M vs $368.9M est, beat • EPS: $0.18 • Total payment volume: $17.70B • Gross profit: $127M, gross margin 32%

VERITONE $VERI Q2 REVENUE $24.3M, NET LOSS $22.2M • Revenue: $24.263M • Net loss: $22.16M The company targets an additional $3.50M-$8.50M in cost reductions by year-end 2026.

MICRON $MU LAUNCHES $250M FUND TO INVEST IN AI STARTUPS The new vehicle brings Micron Ventures' total capital commitment to $550M.

AUDIOEYE $AEYE Q2 REVENUE IN LINE AT $10.7M • Revenue: $10.716M vs $10.7M est, in line • GAAP EPS: -$0.07 • Gross profit: $8.4M Q3 guidance: revenue $10.85M-$11.05M, adjusted EPS $0.26-$0.28.

APPLIED MATERIALS $AMAT FISCAL Q3 SALES AND ADJUSTED EPS BEAT • Sales: $9.115B vs $8.991B est, beat • Adjusted EPS: $3.50 vs $3.39 est, beat • Adjusted net income: $2.795B vs $2.702B est, beat • GAAP EPS: $3.17, net income $2.538B • Adjusted gross margin: 50.4%, adjusted

SILVER LAKE IS IN TALKS TO ACQUIRE WORKDAY $WDAY IN A DEAL THAT COULD RANK AMONG THE LARGEST SOFTWARE BUYOUTS IN HISTORY, PER REUTERS Workday currently has a market value of about $43 billion. Silver Lake and Workday have reportedly held discussions about a potential deal in

OPENAI IS PREVIEWING GPT-5.6 SOL ULTRAFAST, A NEW API TIER THAT RUNS UP TO 14X FASTER THAN STANDARD PROCESSING Powered by Cerebras $CBRS , the service generates up to 750 output tokens per second. OpenAI says companies testing it include Jane Street, Podium, Basis and Rogo,

DETROIT WARNS TRADE REVAMP COULD COST BILLIONS Detroit automakers warn proposed changes to the North American trade deal could add at least $2B in annual costs per automaker. Washington wants vehicles to contain at least 50% U.S.-made content to qualify for lower tariffs. GM

DETROIT AUTOMAKERS TO ARGUE TO WHITE HOUSE THAT REVISED NORTH AMERICAN TRADE DEAL COULD COST THEM BILLIONS, SOURCES SAY

U.S. LOSES 25% OF REAPER DRONE FLEET The U.S. military has lost at least 45 MQ-9 Reaper drones during the Iran war—roughly 25% of its prewar fleet. The losses could exceed $1.3B, with some drones reportedly shot down and others crashing after communication failures. Heavy

TENCENT TO BECOME TOP SHAREHOLDER OF MANUS AS META DEAL UNWINDS Tencent will acquire the AI agent developer's shares from Meta $META, per Nikkei. The buyback values Manus at $2B, the same price Meta paid when it acquired the company in December, and comes after Chinese

U.S. SENDS FRESH AIRCRAFT CARRIER TO MIDDLE EAST The U.S. is preparing to deploy the USS George Washington to the Middle East, replacing the USS Abraham Lincoln in a previously scheduled rotation. The Lincoln has spent 250+ days deployed and a record 200 days without a port

U.S. SENDING FRESH AIRCRAFT CARRIER TO MIDDLE EAST AMID IRAN WAR STRAIN

DIESEL CRACKS RISE ABOVE $98.00, AN ALL-TIME HIGH, AFTER REPORTS SAY YEMEN'S HOUTHIS ATTACKED ARAMCO REFINERY IN SAUDI ARABIA

$AMD - AMD EYES $5 BILLION DEBT SALE FOR AI EXPANSION AMD plans to raise up to $5B through a four-part bond sale, potentially its largest ever. The chipmaker is ramping up spending as AI computing demand surges, following major agreements with Anthropic and Microsoft ($MSFT).

U.S. DEFENSE SECRETARY HEGSETH ON IRAN: U.S. CAN HOLD BLOCKADE AS LONG AS NEEDED

MUSK TURNS TO NATURAL GAS TO POWER AI Elon Musk is increasingly embracing natural gas to meet SpaceX’s massive AI power needs. SpaceX plans a gas-fired power plant for its $16.8B Texas chip facility, while its Tennessee and Mississippi data centers already use dozens of gas

SANDISK $SNDK TARGETS 80% NON-GAAP GROSS MARGIN THROUGH FY2030 - Revenue growth: mid-to-high teens, FY2028-FY2030 - Non-GAAP gross margin: 80%, FY2028-FY2030 - Adjusted free cash flow margin: 50%, FY2028-FY2030 The company also says it expects to return 100% of excess cash to

PCE INFLATION SEEN AT 3.6% IN JULY Oxford Economics expects the Fed’s preferred inflation gauge, headline PCE, to rise 3.6% year-over-year in July, easing slightly from 3.7% in June. The report is due later this month. With services inflation cooling and the labor market

DONALD TRUMP JR. & PILOT FAMILY LEAD $1.3 MILLION PRIVATE PLACEMENT FOR PSQ HOLDINGS $PSQH

S&P 500 HITS INTRADAY RECORD HIGH, LAST UP 0.6%

SANDISK CEO SAYS CO IS COMMITTED TO MID TO HIGH TEENS VOLUME GROWTH - INVESTOR DAY $SNDK

🚨Political Trade Alert🚨 Rep. Kevin Hern has released a new financial disclosure. Highlights: $OGN Organnon & Co. $1k - $15k $VSNT Versant Media Group $1k - $15k

HAMMACK: IF IT TAKES ANOTHER 3-4 YEARS TO GET TO 2% INFLATION, CAN THE PUBLIC WAIT?

MANHATTAN URANIUM APPOINTS FORMER U.S. DEPUTY ASSISTANT SECRETARY OF DEFENSE DENNIS BARTOW AS STRATEGIC ADVISOR

HAMMACK: PAYROLL DATA IS NOISY

FED'S BARKIN: CURRENT LEVELS OF FEDERAL DEBT ARE AN INFLATIONARY "WIND" THAT THE FED HAS TO NAVIGATE AGAINST

U.S. PRODUCER INFLATION COMES IN FLAT U.S. producer prices were unchanged in July, below expectations for a 0.2% increase, after falling 0.1% in June. Lower energy prices helped contain wholesale inflation. Combined with softer consumer inflation, the report may ease pressure

BARKIN: FED RATE HIKES STILL ON THE TABLE Fed’s Barkin says it remains an open question whether rates must rise to bring inflation back to 2%. Inflation could ease as wage pressures moderate and tariff and oil shocks fade, though price pressures may remain embedded. Many Fed

FED'S HAMMACK: REPEATS NEED TO RAISE RATES RIGHT NOW

U.S. HOUSING MARKET TILTS HARD TO BUYERS U.S. homebuyer demand hit a record low in July, with just 967,000 buyers versus 1.46M sellers—a 51% seller surplus. Nearly 80% of major metros are now buyer’s markets, giving house hunters greater negotiating power. Miami leads with

U.S. SHORT-TERM INTEREST-RATE FUTURES RISE SLIGHTLY AFTER ECONOMIC DATA

SPOT GOLD LITTLE CHANGED AFTER US PPI DATA, LAST DOWN 0.5% AT $4,382.22/OZ

*US JULY PRODUCER PRICES UNCHANGED M/M; EST. +0.2% *US JULY PRODUCER PRICES RISE 4.7% Y/Y; EST. +4.9% *US JULY CORE PPI RISES 0.2% M/M; EST. +0.3% *US JULY CORE PPI RISES 4.2% Y/Y; EST. +4.2%

US JOBLESS CLAIMS +9K TO 209K IN AUG-8 WK; SURVEY 204K US AUG-1 WEEK CONTINUING CLAIMS -22K TO 1,777,000 US AUG-1 WEEK JOBLESS CLAIMS REVISED TO 200K

ACKMAN MAKES HIS BIGGEST PORTFOLIO REVAMP IN YEARS Bill Ackman added six new holdings: Netflix ($NFLX), Visa ($V), Mastercard ($MA), Alcon ($ALC), Intercontinental Exchange ($ICE) and S&P Global ($SPGI). Ackman expects strong earnings growth to drive long-term value. His

*IRAN SAYS IT FULLY CONTROLS STRAIT OF HORMUZ: IRIB

IRAN SAYS NO SHIP CAN SAFELY TRANSIT HORMUZ WITHOUT APPROVAL:TV

IRAN'S TOP JOINT MILITARY COMMAND SAYS NO VESSEL CAN TRANSIT THE STRAIT OF HORMUZ WITHOUT IRAN'S PERMISSION - STATE MEDIA

*IRAN OIL SPILL CLEANUP IN STRAIT REACHES FINAL STAGES: FARS

AI AGENTS COULD SUPERCHARGE CPU DEMAND BofA raised its 2030 server CPU market forecast to $210B+ from $170B, nearly 5x the estimated 2025 market. AI agents are driving CPUs from supporting roles toward the orchestration control plane, potentially shifting the CPU-to-GPU ratio

FED COULD HOLD RATES INTO 2027 The Federal Reserve could keep rates unchanged through 2026 and H1 2027, according to CreditSights. U.S. inflation eased to 3.4% in July from 3.5%, while wage growth slowed and payrolls weakened. Labor-market uncertainty could keep the Fed on

DEEPSEEK ANNOUNCES ADJUSTMENT TO API RPICING - STATEMENT

WASHINGTON’S $40 TRILLION DEBT PROBLEM Washington is promising more spending while avoiding politically painful cuts. Trump is pushing a $1.5T military budget, while Democrats campaign on expanded healthcare, education and other programs. Meanwhile, U.S. government debt is

🇺🇸PRESIDENT’S SCHEDULE — AUGUST 13, 2026 🔸8:00 AM — Executive Time White House · Closed Press 🔸9:00 AM — In-Town Pool Call Time 🔸11:00 AM — Intelligence Briefing White House · Closed Press 🔸2:00 PM — Signing Time Oval Office · Closed Press 🔸3:00 PM — Signing Time Oval

📈 PRICE TARGET RAISED • $ABNB: PT raised to $215 from $175 by Jefferies • $ANRO: PT raised to $37 from $28 by BTIG; PT raised to $40 from $35 by Jefferies • $ARMK: PT raised to $70 from $55 by JP Morgan • $CAH: PT raised to $260 from $215 by JP Morgan; PT raised to $280 from

🟢 UPGRADES • $ABBV: Upgraded Peerperform → Outperform by Wolfe Research; PT $300 • $ABT: Upgraded Peerperform → Outperform by Wolfe Research • $AKAM: Upgraded Underweight → Neutral by JPMorgan • $ANNX: Upgraded Market Underperform → Market Perform by Citizens • $BIIB:

🚨Insider Trade Alert🚨! Chief Executive Officer Wilks Matthew has purchased 80,000 shares in $ACDC ProFrac Holding Corp. worth $401,851.15 $ACDC current value: $5.14 Market: NASDAQ

🚨Insider Trade Alert🚨! Insider De Bondt Karin has purchased 1,000 shares in $Q Qnity Electronics, Inc. worth $138,136.00 $Q current value: $142.08 Market: NYSE

🚨Insider Trade Alert🚨! Insider Stanage Nick L has purchased 4,000 shares in $AME AMETEK INC/ worth $1,023,400.00 $AME current value: $258.54 Market: NYSE

TRUMP: KAROLINE LEAVITT, WILL BE DEPARTING HER ROLE AT END OF MONTH

OTTAWA WEIGHS PROPOSAL ON AUTO TARIFFS AS IT PRESSES U.S. FOR REPRIEVE - GLOBE AND MAIL

UKRAINIAN DRONES OVERWHELM U.S. FORCES IN WAR GAME Ukrainian drone operators overwhelmed U.S. troops during a major military exercise in Germany. Reconnaissance drones quickly located American armored vehicles before attack drones scored simulated “kills,” effectively wiping

Ukrainian Drones Easily Spotted, Defeated U.S. Forces in Military Exercises Earlier This Year, Sources Say U.S. Troops Faced Off Against Ukrainian Drone Operators in Military Exercise in Germany

SAUDI SUPERTANKER RETURNS TO KEY OIL TERMINAL A supertanker has been spotted at Saudi Arabia’s main Persian Gulf oil terminal for the first time in nearly a month. Satellite images show a 2-million-barrel crude carrier moored at Ju’aymah, part of the Ras Tanura export complex.

*TREASURY 10-YEAR NOTE AUCTION DRAWS HIGHEST YIELD SINCE 2007

*US 10Y NOTES DRAW 4.683% VS 4.682% PRE-SALE WHEN-ISSUED YIELD

GOLDMAN SEES CORE PCE AT 0.23% Goldman Sachs expects July core PCE to rise 0.23% M/M, slightly above core CPI and consensus. Portfolio management fees are expected to add 8 bps, reflecting Q2 equity gains. Goldman says upcoming methodology changes could create volatility in

OIL SPILL HITS IRAN’S QESHM ISLAND Iran is battling an oil spill off Qeshm Island, with pollution reaching beaches near a breeding ground for endangered sea turtles. The spill’s source remains unclear, but cleanup efforts are underway. Environmental risks have risen sharply

$SPCX - MORGAN STANLEY: SPACEX LOCK-UP IS A BUYING OPPORTUNITY Morgan Stanley reiterated Overweight on $SPCX with a $300 price target and $600 bull case. Analyst Adam Jonas argues the market is undervaluing SpaceX’s broader AI platform, including its compute, connectivity and

SPACEXAI: INTRODUCING GROK 4.6 - WEBSITE

CBOE VOLATILITY INDEX BRIEFLY HITS OVER SEVEN-MONTH LOW; LAST DOWN 0.44 POINTS AT 14.84

*TRUMP SUED OVER PLAN TO SELL FAST ACCESS TO TRUTH SOCIAL POSTS

SANTANDER STILL SEES SEPTEMBER FED HIKE July CPI is unlikely to decide the Fed’s September move, according to Santander’s Stephen Stanley. Unrounded core CPI rose 0.215% M/M, equivalent to a 2.6% annualized pace. Despite the broadly in-line inflation report, Stanley continues

TRUMP: U.S. HAS “TOTAL CONTROL” OF HORMUZ President Trump claims the U.S. has “total control” of the Strait of Hormuz and suggested Washington could keep control of the strategic waterway. He described the U.S. naval blockade as a “wall of steel.” Trump also claimed Iran’s

TRUMP ON IRAN: U.S.A. HAS TOTAL CONTROL OVER OVER STRAIT OF HORMUZ

📅 TRUMP’S SCHEDULE — WEDNESDAY, AUGUST 12 🔸 8:00 AM — Executive Time 🔸 10:30 AM — Greeting with Law Enforcement & Military 🔸 11:00 AM — Policy Meeting 🔸 12:30 PM — Policy Meeting 🔸 2:30 PM — Signing Time 🔸 4:00 PM — Policy Meeting 🔸 5:00 PM — Policy Meeting 📍 White

ONLY 159 VESSELS ENTERED ODESA PORT HUB IN JULY FOR LOADING COMPARED TO ALMOST 400 LAST YEAR AMID INTENSIFIED RUSSIAN ATTACKS, DEPUTY INFRASTRUCTURE MINISTER TELLS REUTERS

RUSSIAN DEFENCE MINISTRY: RUSSIAN STRIKES VESSEL IN ODESA PORT - IFX

*JOSH KUSHNER, BOB IGER TO BUY LA LAKERS FOR OVER $12B: ESPN

$GOOGL - GOOGLE RAISES PRICES OF NEW PHONES ON 'SEVERE' MEMORY CRUNCH

$GOOGL - GOOGLE'S NEW PHONES ARE $100 MORE EXPENSIVE THAN LAST EDITIONS

YARDENI LIFTS S&P 500 TARGET TO 8,400 Ed Yardeni raised his S&P 500 target to 8,400 from 8,250, citing “fabulous earnings momentum.” He now expects 2026 S&P 500 earnings of $375, up from $330, as companies broadly beat forecasts. Yardeni sees the earnings-driven rally

CPI EASES PRESSURE ON FED TO HIKE July CPI came in close enough to expectations to reduce pressure on the Fed to raise rates in September, according to Nick Timiraos. The Fed has argued current rates are restrictive enough to bring inflation toward 2% without further hikes.

WHEAT JUMPS AFTER RUSSIAN PORT STRIKE Wheat futures surged 2.4% after Ukrainian drones reportedly struck two grain terminals at Russia’s Novorossiysk port. The terminals handle roughly 15 million metric tons of grain exports annually, raising concerns over disruptions to

🇳🇴NORWAY’S $2.3T FUND WARNS GAINS WON’T LAST Norway’s sovereign wealth fund posted a record $185 billion first-half profit, delivering a 12.95% return as semiconductor stocks surged. But CEO Nicolai Tangen warned investors not to expect similar returns ahead, citing

BURRY: BERKSHIRE HAS LOST ITS BUFFETT EDGE Michael Burry says Berkshire Hathaway is no longer attractive under CEO Greg Abel, questioning his capital-allocation discipline. Burry argues Abel is deploying cash too aggressively in an expensive market instead of waiting for

UKRAINE'S CAMPAIGN TO STIR UP CHAOS IN FOOD MARKETS SERVES INTERESTS OF A NUMBER OF WESTERN COUNTRIES - TASS CITES RUSSIAN FORMIN

CRYPTO CLIMBS AFTER CPI Cryptocurrencies moved higher after July CPI matched expectations, easing inflation concerns. Bitcoin rose 0.6% to $64,051, Ethereum gained 1.5% to $1,909, Solana added 0.8%, and XRP rose 0.2%. While CPI provided support, analysts say the bigger driver

IRAN DENIES CEASEFIRE EXTENSION TALKS Iran says there have been no talks to extend a 60-day ceasefire with the U.S., rejecting reports that an agreement had been reached. A senior Iranian source told Reuters that discussions via mediators instead focus on Washington returning

🚨Political Trade Alert🚨 Rep. Mike Kelly has released a new financial disclosure. Highlights: Sold: $ABT Abbott Labs $1k - $15k $PEP Pepsi Co $15k - $50k $DIS Walt Disney Co $1k - $15k

HORMUZ TRAFFIC REMAINS NEAR A STANDSTILL Only 14 vessels crossed the Strait of Hormuz on Tuesday, according to Kpler, despite Trump declaring the waterway “open.” That remains far below the roughly 120 vessels per day seen before the war. Of those 14 ships, 11 used the

SEPTEMBER FED HIKE LOOKS UNLIKELY Baird’s Ross Mayfield says softer core inflation and limited wage pressure strengthen the case for the Fed to hold rates steady in September. He sees those trends as the “bedrock” for a pause, reducing the likelihood of another rate hike at the

ENERGY COULD REIGNITE INFLATION IN AUGUST Falling energy prices helped cool July inflation, with gasoline down 2.9% M/M and fuel oil falling 1.7%. But that relief may be temporary. Rising crude prices and strong refining margins are already pushing fuel costs higher. U.S.

GOLDMAN: JULY CPI SUPPORTS SEPTEMBER HOLD Goldman Sachs Asset Management called July CPI “encouraging,” saying contained core inflation strengthens the case for the Fed to hold rates steady in September. Lindsay Rosner said the report adds to signs that underlying inflation is

SPOT GOLD PARES GAINS AFTER US CPI DATA, LAST UP 0.5% AT $4,388.89/OZ

*US JULY CONSUMER PRICES RISE 0.1% M/M; EST. +0.1% *US JULY CONSUMER PRICES RISE 3.4% Y/Y; EST. +3.4% *US JULY CORE CPI RISES 0.2% M/M; EST. +0.2% *US JULY CORE CPI RISES 2.5% Y/Y; EST. +2.5%

RECENT SAUDI RED SEA CRUDE LOADINGS DONE WITH SHIP TRACKING TURNED OFF AS YEMEN'S HOUTHIS LAUNCH MORE ATTACKS, DATA SHOWS

U.S. JULY CPI DUE 8:30 A.M. ET

AP EXCLUSIVE: ICE PLANS TO GIVE OFFICERS GLOVES THAT CAN DELIVER PAINFUL ELECTRIC SHOCKS ICE plans to spend up to $20 million on thousands of gloves capable of delivering painful electric shocks to combative individuals, according to the AP. The devices, called G.L.O.V.E., are

IRAN FLOATS PROLONGING WAR UNTIL TRUMP LEAVES Iran could prolong its war with the U.S. until Trump leaves office to impose costs and strengthen deterrence, senior IRGC adviser Mohammad Reza Naqdi said. Naqdi claimed Iran is winning, while accusing Washington of lacking a clear

$SPCX - NORGES BANK REPORTS SHARE STAKE OF 7.3 MLN CLASS A SHARES IN SPACEX - SEC FILING

IRAN: NO CEASEFIRE EXTENSION TALKS A senior Iranian source told Reuters there are no discussions to extend the U.S.-Iran ceasefire, arguing that from Tehran’s perspective, there was no official start date to extend. Iran claims the U.S. violated the interim pact within 48 hours

ONE OF THE ISSUES THAT IS BEING DISCUSSED IS U.S. RETURNING TO MOU , DEFINING A TIME FRAME FOR IMPLEMENTING ITS COMMITMENTS - SENIOR IRANIAN SOURCE TO REUTERS

U.S. VIOLATED THE INTERIM PACT 48 HOURS AFTER IT WAS REACHED AND WITHDREW FROM IT A FEW DAYS LATER - SENIOR IRANIAN SOURCE TO REUTERS

KALSHI TOPS $4 BILLION IN ANNUALIZED REVENUE AS IT SEEKS $40 BILLION VALUATION

TRUMP: MEDICAID WILL NO LONGER FUND GENDER TRANSITION SURGERIES AND HORMONES FOR MINORS

🚨Insider Trade Alert🚨! Insider Ropp Ralph Lewis has purchased 5,000 shares in $MGY Magnolia Oil & Gas Corp worth $123,125.00 $MGY current value: $26.01 Market: NYSE

🚨Insider Trade Alert🚨! President & CEO Starrs Artie has purchased 10,000 shares in $HOG HARLEY-DAVIDSON, INC. worth $258,941.00 $HOG current value: $26.72 Market: NYSE

🚨Insider Trade Alert🚨! Director FRITZ LANCE M has purchased 10,000 shares of (FISERV INC) at $51.95 worth $519,500.00 $FISV current value: $52.99

IRAN SAYS MISSILE PRODUCTION CAN SUSTAIN LONG WAR Iranian General Mohammad Reza Naghdi says the country can maintain missile and drone production even through years of conflict. He claims Iran would retain the ability to continue launching ballistic missiles throughout a

*SEC POISED TO UNVEIL MAJOR CRYPTO PLANS AS CLARITY ACT STALLS

U.S. SAYS HORMUZ OIL FLOWS ARE RECOVERING Energy Secretary Chris Wright says nearly 9 million barrels of oil a day are now moving through the Strait of Hormuz. Including pipelines, regional oil flows have reached roughly 15 million barrels daily, suggesting supply pressures

ETHEREUM BUYERS ACCUMULATE AHEAD OF CPI Investors are accumulating Ethereum ahead of Wednesday’s U.S. CPI report, according to Nansen. Managed money is reportedly buying ETH on spot markets at 7.2 times its normal pace. Meanwhile, sophisticated traders remain net short Bitcoin

BARCLAYS SEES TREASURY YIELDS STAYING HIGH Barclays says growing reliance on price-sensitive private investors could keep long-term U.S. Treasury yields near multi-decade highs. Private investors now hold about 73% of the Treasury market, up from roughly 50% a decade ago. With

OPENAI'S BRAD LIGHTCAP SAYS HE WILL BE LEAVING OPENAI- X POST

U.S. RAISES OIL PRICE FORECAST ON HORMUZ DISRUPTION U.S. energy officials expect Strait of Hormuz constraints to persist through August, limiting oil flows. The EIA raised its 2026 Brent crude forecast to $87 a barrel from $82 and lifted its U.S. gasoline estimate to $3.78 a

FED'S GOOLSBEE: BIGGEST PROBLEM FACING THE ECONOMY IS INFLATION

FED'S GOOLSBEE ON WIRED: PRICES AND AFFORDABILITY, THAT'S THE BIGGEST PROBLEM WE ARE FACING RIGHT NOW

RUSSIA RELEASES FORMER U.S. MARINE AFTER TRUMP-PUTIN TALKS President Trump says Russia has agreed to release American citizen and former U.S. Marine Robert Gilman following discussions with President Vladimir Putin. Trump said Russia requested no prisoner in exchange for

MORGAN STANLEY TURNS BULLISH ON CHINA AI STOCKS Morgan Stanley sees China’s LLM market shifting from price wars toward smarter models and stronger monetization. The bank expects higher AI pricing and tighter licensing to boost revenue while larger models raise barriers to

REZAEI: IF AGREEMENT BETWEEN IRAN AND OMAN OVER TRANSIT IN HORMUZ IS REACHED, THIS WILL BE A SEPARATE MATTER FROM THE CLOSURE OF THE STRAIT

REZAEI: THE U.S. HAS TO END THE WAR AND UNFREEZE IRAN'S FUNDS, OTHER CONDITIONS HAVE BEEN TRANSMITTED TO THEM THROUGH MEDIATORS

SECRETARY OF IRAN'S SUPREME NATIONAL SECURITY COUNCIL REZAEI: AS LONG AS U.S. DOES NOT CHANGE ITS BEHAVIOR AND ACCEPT IRAN'S CONDITIONS, THE STRAIT OF HORMUZ WILL NOT BE OPENED - TASNIM

TRUMP THREATENS FEDERAL ACTION OVER NYC TAXES President Trump criticized New York City’s pied-à-terre tax and congestion pricing, arguing they are driving residents and tax revenue to states such as Florida and Texas. Trump warned the policies could cause financial and social

TRUMP: LOOKING TO SEE IF FEDERAL GOVERNMENT HAS ANY LEGAL RIGHT TO AVERT MAMDANI'S NEW YORK CITY PIED-A-TIERRE TAX

$NVDA - NVIDIA’S $500 BILLION AI FINANCING PLAN DIVIDES WALL STREET Nvidia unveiled partnerships with six financial firms to provide up to $500 billion in financing for customers buying its chips. CEO Jensen Huang says the structure addresses concerns over “circular financing”

IRAN SAYS HORMUZ STAYS CLOSED UNTIL CONDITIONS MET An Iranian official warned that the Strait of Hormuz will remain closed until Iran’s conditions are met. The official said any renewed attacks or breaches of commitments would face a stronger response and greater resistance

U.S. HOUSEHOLD DEBT DIPS TO $18.8 TRILLION U.S. household debt fell by $13 billion to $18.8 trillion in the second quarter, according to the New York Fed. Mortgage balances dropped $74 billion to $13.1 trillion, while credit card debt rose $21 billion and auto loans increased

ATLANTA FED'S VENABLE: INFLATION IS TOO HIGH, WITH SAME MESSAGE HEARD FROM CONTACTS ACROSS THE SOUTHEAST

TRUMP: US CAN STRIKE IRAN WITH 'GREAT FORCE'

U.S. AIR TRAVEL COULD DOUBLE IN 20 YEARS The FAA expects annual U.S. air passenger traffic to double from 1 billion to 2 billion over the next 20 years. Transportation Secretary Sean Duffy said officials are working to fix telecom issues identified after the recent Marine One

U.S. HOME SALES FALL 1.7% IN JULY U.S. existing home sales fell 1.7% in July to an annualized 4.06 million units, slightly above the 4.05 million consensus, according to NAR. The median existing-home price rose 2% from a year earlier to $434,100. Housing inventory reached 1.54

TRUMP: IF WE HADN'T STRUCK IRAN, IT WOULD HAVE GOTTEN A NUCLEAR WEAPON

*TRUMP SAYS IRAN AGREES PRIVATELY, REFUSES PUBLICLY

*TRUMP SAYS FRUSTRATED WITH IRAN NEGOTIATING STYLE

RUSSIAN OIL SHIPMENTS HIT LOWEST SINCE MAY Russia’s overseas crude shipments fell to 3.71 million barrels a day in the four weeks to August 9, the lowest since late May. Weekly exports dropped further to 3.25 million barrels a day, with key ports including Novorossiysk and

TRADING FIRMS PAY BIG FOR TRUMP POST FEED High-frequency trading firms are paying $60,000 to $100,000 a month for real-time access to posts from top Truth Social accounts, Trump Media said. More than 10 customers have signed up for its Truth API service, which provides faster

$NVDA - NVIDIA IS DEVELOPING A NEW NEMOTRON 4 OPEN-SOURCE AI MODEL - THE INFORMATION MULTIPLE NVIDIA EMPLOYEES WORKING ON NEMOTRON SAID THEY EXPECT THE BIGGEST NEMOTRON 4 MODEL TO HAVE AT LEAST A TRILLION PARAMETERS - THE INFORMATION

🚨Political Trade Alert🚨 Rep. John McGuire III has released a new financial disclosure. Highlights: $AMAT Applied Materials $1k - $15k Sold: $PANW Palo Alto Networks $1k - $15k $BLK BlackRock $2k - $30k

🚨Political Trade Alert🚨 Rep. Josh Gottheimer has released a new financial disclosure. Highlights: $GOOGM Google $3k - $45k $CRWD CrowdStrike $1k - $15k $PANW Palo Alto Networks $1k - $15k $SAIL SailPoint Tech $1k - $15k Sold: $IBM International Business Machine $2k - $30k

NORWAY WEALTH FUND CEO: FINANCIAL MARKETS KEEP RISING DESPITE CHALLENGES

NORWAY WEALTH FUND CEO: IT IS NOT IMPROBABLE THAT ENTIRE VALUE OF NORWAY WEALTH FUND COULD BE LOST AT SOME POINT IN FUTURE

U.S. FIRES ON SHIP BREACHING IRAN BLOCKADE U.S. forces fired on a Panama-flagged ship Tuesday after it allegedly ignored warnings while attempting to breach the American blockade of Iranian ports. A U.S. helicopter targeted the vessel’s rudder in the Gulf of Oman, causing a

U.S. FORCES FIRED ON A PANAMA-FLAGGED SHIP THAT TRIED TO RUN THE AMERICAN BLOCKADE OF IRANIAN PORTS ON TUESDAY - WSJ

U.S. PRIVATE HIRING LOSES STEAM U.S. private hiring slowed for a sixth straight week, according to ADP. Employers added an average of just 8,250 jobs per week in the four weeks ending July 25, down sharply from 21,000 in the period ending June 20. The figures are seasonally

$TSLA - TESLA NEEDS ROBOTAXI PROOF TO WIN INVESTORS Morgan Stanley says Tesla must show clear evidence that Robotaxi is scaling to strengthen investor confidence. Investors remain positive on Tesla’s Physical AI strategy, helped by stronger Full Self-Driving adoption.

U.S. TREASURY YIELDS SET TO EASE A Reuters poll sees Treasury yields declining over the next year. 10-Year Yield: • 3 months: 4.50% • 6 months: 4.50% • 12 months: 4.34% 2-Year Yield: • 3 months: 4.07% • 6 months: 3.92% • 12 months: 3.80% However, 18 of 22 bond

PAKISTAN'S INTERIOR MINISTER ARRIVES IN IRAN'S CAPITAL TO HOLD DISCUSSIONS WITH IRANIAN OFFICIALS - IRAN'S SNN

ROCKET ATTACK HITS IRANIAN KURDISH OPPOSITION CAMP NORTHEAST OF IRAQ’S ERBIL, NO REPORTS OF CASUALTIES – SECURITY SOURCES

BRENT, US CRUDE FUTURES TURN NEGATIVE, AFTER EARLIER GAINING MORE THAN 2%, AFTER QATAR MINISTRY SPOKESMAN SAYS OMAN-IRAN TALKS ARE IN ADVANCED STAGE

PAKISTAN SEES US-IRAN DEAL GETTING CLOSER Pakistan’s defense minister says US-Iran signals point toward a potential arrangement, with developments “shaking up in favour of peace.” Meanwhile, Pakistan’s interior minister has arrived in Tehran for talks, adding to diplomatic

CARGO SHIP HIT BY PROJECTILE IN RED SEA UKMTO reports a cargo vessel was struck by an unknown projectile off the coast of Al Mokha, Yemen, in the southern Red Sea. Casualties have been reported, while authorities investigate the incident. Vessels in the area are being advised

$NVDA - NVIDIA IS PLAYING A MUCH BIGGER AI GAME Wells Fargo reiterated Overweight on $NVDA with a $315 price target. The firm highlighted NVIDIA’s new $500B+ AI infrastructure financing partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. Wells

WEDNESDAY’S CPI COULD DELIVER THE NEXT DOVISH CATALYST HSBC says Wednesday’s U.S. inflation report could push Fed rate hikes further out of market pricing. The bank expects another benign inflation reading after June’s softer-than-expected print. If confirmed, HSBC sees

S&P 500 EARNINGS BOOM MAY SET UP A TOUGHER 2027 S&P 500 EPS is tracking roughly 32% growth in Q2, after 30% in Q1 — a historically rare back-to-back surge. Bank of America warns growth could slow below 20% by Q1 2027 and to the mid-teens for the full year. That matters because

EXPLOSIONS IN UKRAINIAN CAPITAL KYIV, REUTERS WITNESSES SAY

🚨Insider Trade Alert🚨! Insider BANDROWCZAK STEVEN JOHN has purchased 5,100 shares in $GLXY Galaxy Digital Inc. worth $100,113.00 $GLXY current value: $19.52 Market: NASDAQ

🚨Insider Trade Alert🚨! Chief Financial Officer LeMasters Robb A. has purchased 20,000 shares in $LINE Lineage, Inc. worth $826,638.00 $LINE current value: $41.35 Market: NASDAQ

🚨Insider Trade Alert🚨! Chief Executive Officer Singh Jesse G has purchased 39,285 shares in $FBIN Fortune Brands Innovations, Inc. worth $2,015,341.95 $FBIN current value: $47.99 Market: NYSE

🚨Insider Trade Alert🚨! Insider Ball George L. has purchased 20,000 shares in $PSN PARSONS CORP worth $959,400.00 $PSN current value: $46.13 Market: NYSE

🚨Insider Trade Alert🚨! Insider Yeboah-Amankwah Safroadu has purchased 11,841 shares in $MBLY Mobileye Global Inc. worth $100,174.86 $MBLY current value: $8.75 Market: NASDAQ

TRUMP SAYS HE SPOKE WITH FED CHAIR WARSH President Trump says he spoke briefly with Fed Chair Kevin Warsh last week but stressed that Warsh must work with the broader Fed board. Trump suggested Warsh’s preferred policy direction could differ if he had sole control, but did not

TRUMP: SPOKE TO FEDERAL RESERVE'S WARSH A COUPLE DAYS AGO

TRUMP ON IRAN: U.S. HAS MINESWEPT THE ENTIRE STRAIT

TRUMP ON IRAN: U.S. GOING TO ASK FOR MONEY FOR DAMAGE IRAN HAS DONE

TRUMP ON IRAN: WE STILL HAVE ABILITY TO ESCALATE

IRAN WARNS U.S. SANCTIONS ARE UNDERMINING DIPLOMACY Iran’s Foreign Ministry criticized Washington’s economic sanctions, arguing they reflect a failure to pursue diplomacy. Tehran says decades of pressure have failed to force Iran into submission and warned that further

OIL SURGES 5% AS HORMUZ DEAL HOPES FADE Oil jumped 5% Monday as escalating U.S.-Iran compensation demands reduced expectations for a near-term reopening of the Strait of Hormuz. Brent settled at $87.72, while WTI reached $82.13, reversing part of last week’s 7%+ decline. Iran

TRUMP: VACCINATIONS FOR HEPATITIS B, COVID-19 AND INFLUENZA, AMONG OTHERS, NO LONGER RECOMMENDED FOR ALL CHILDREN

TRUMP: ADMINISTRATION RECOGNIZING CHILDHOOD VACCINE RECOMMENDATIONS FOR ONLY 11 CORE VACCINATIONS

CFRA RAISES S&P 500 TARGET TO 8,650 CFRA raised its 12-month S&P 500 target to 8,650 from 7,730, implying nearly 12% upside from August 7. The firm also lifted its 2026 year-end target to 8,050. Strategist Sam Stovall says strong earnings continue to support equities, but

U.S. REVOKES MORE THAN 175,000 VISAS The State Department says it has revoked over 175,000 visas since President Trump took office as part of a broader immigration enforcement push. Revocations targeted foreign nationals accused of crimes, fraud, visa violations, threats to

TRUMP EXTENDS JONES ACT SHIPPING WAIVER President Trump extended the Jones Act shipping waiver for another 90 days while narrowing its scope. The exemption will now focus on energy commodities and fertilizer. The Pentagon and U.S. maritime authorities will also consider

OPENAI: INTRODUCING PREMIUM SEATS FOR CHATGPT BUSINESS - WEBSITE OPENAI: PREMIUM SEATS COST $125 PER USER PER MONTH, OR $100 PER USER PER MONTH WHEN BILLED ANNUALLY

$NVDA - NVIDIA SHARES EXTEND DECLINES; REPORT SAYS WALL STREET GIANTS PARTNER WITH CO ON $500 BLN AI FINANCING DEAL, LAST DOWN 3.2%

TRUMP DEMANDS IRAN COMPENSATION IN FUTURE TALKS President Trump says he has instructed U.S. negotiators to demand compensation from Iran in all future negotiations. The move comes after Tehran reportedly sought compensation for damage suffered during the five-month conflict.

TRUMP: I AM LIKEWISE DEMANDING COMPENSATION FROM IRAN

TRUMP: IRAN ARE ASKING FOR COMPENSATION FOR DAMAGE DONE TO THEM DURING LAST FIVE MONTH MILITARY CONFLICT

$NVDA - NVIDIA TEAMS WITH WALL STREET ON $500BN AI FINANCING PUSH Nvidia is partnering with a consortium of Wall Street investment giants on a $500 billion AI financing initiative, according to the Financial Times. The group reportedly includes Apollo, Blackstone, a BlackRock

🚨Insider Trade Alert🚨! President & CEO Coker R. Howard has purchased 4,345 shares in $SON SONOCO PRODUCTS CO worth $249,446.02 $SON current value: $57.19 Market: NYSE

IRAN OIL EXPORTS SLUMP UNDER U.S. BLOCKADE Iran’s oil terminals appear largely idle in August as the U.S. maintains its naval blockade, satellite imagery shows. Kpler estimates Iranian crude and condensate exports have fallen about 40% from July’s average to roughly 500,000

IRGC SAYS IRAN MONITORS ALL HORMUZ VESSELS Iran’s IRGC Navy says no foreign vessel passes through the Strait of Hormuz without being identified, tracked and monitored by Iranian forces. The statement reinforces Tehran’s claim of extensive surveillance over shipping through the

$SPCX - SPACEX’S $100B REVENUE TARGET SEEN WITHIN REACH Deutsche Bank says SpaceX’s goal of reaching $100 billion in annual recurring revenue by year-end appears achievable. Analysts estimate cloud-computing deals with Anthropic, Google and other customers could generate

$AAPL - APPLE REPORTEDLY SCRAPS ALL-GLASS IPHONE Apple has canceled its planned 20th-anniversary all-glass iPhone due to poor production yields, according to Jefferies supply-chain checks. The model was expected in September 2027 with an estimated $2,600 average selling price.

IRAN'S SUPREME LEADER MAKES SIX NEW APPOINTMENTS AT ARMED FORCES AND IRGC - POST ON TELEGRAM

US TREASURY 2/10 YIELD CURVE HITS STEEPEST LEVEL SINCE LATE MAY, LAST 45.7 BPS

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FELL BY ABOUT 6.1 MLN BARRELS TO 298.7 MLN BARRELS LAST WEEK, LOWEST SINCE 1983

CHINA SAYS LAUNCH OF LONG MARCH 7 ROCKET FAILED - XINHUA

FED CHAIR WARSH COMPLETES REQUIRED DIVESTMENTS Federal Reserve Chair Kevin Warsh has sold all remaining financial holdings he pledged to divest, according to a government ethics filing. Warsh, who took office in May, had already disposed of most assets covered by his ethics

SHEIN IPO PITCHED TO INVESTORS AT SUB-$30BN VALUATION Shein’s advisers are pitching the company to potential investors at a valuation below $30bn, a roughly 70 per cent drop from its peak

IRAN SAYS HORMUZ WON’T RETURN TO PRE-WAR CONDITIONS Iran says the Strait of Hormuz will not return to its pre-war operating conditions, reinforcing its stance over the critical shipping route. Deputy Parliament Speaker Ali Nikzad said there is no military solution to reopening

U.S. NATURAL GAS FUTURES EXTEND GAINS, PRICES UP BY 5% TO TWO-WEEK HIGH AS LNG EXPORT FLOWS HIT ONE-MONTH HIGH

APPLE SHARES DOWN 2.5%; JEFFERIES CUTS TO UNDERPERFORM FROM HOLD

YEN WEAKENS AS INTERVENTION IMPACT FADES The yen fell 0.7% against the dollar as the impact of Japan’s recent currency intervention faded. Goldman Sachs says Japanese investors continued buying foreign bonds at a strong pace in July, suggesting limited appetite to shift capital

🚨Political Trade Alert🚨 Rep. Tony Wied has released a new financial disclosure. Highlights: $ADBE Adobe $50k - $250k $CRM Salesforce $15k - $50k $TTD Trade Desk $15k - $50k $NOW ServiceNow $15k - $50k Sold: $AMD Advanced Micro Device $100k - $250k

HORMUZ SHIPPING TRAFFIC WEAKENS FURTHER Traffic through the Strait of Hormuz deteriorated over the weekend despite signs that Iran and Oman are nearing a navigation agreement, according to Kpler. Confirmed crossings fell from 15 on Friday to 11 on Saturday and just six on

🚨Political Trade Alert🚨 Rep. Maria Salazar has released a new financial disclosure. Highlights: $BRK.B Berkshire Hathaway $169k - $65k $CB Chubb $30k - $100k Sold: $CARR Carrier Global $16k - $65k

🚨Political Trade Alert🚨 Rep. Michael Rulli has released a new financial disclosure. Highlights: $GOOGL Google $2k - $15k $META Meta $2k - $30k $MU Micron $1k - $15k Sold: $AMZN Amazon $3k - $45k $APPL Apple $3k - $45k $NOW ServiceNow $1k - $15k

$MSFT - MICROSOFT TO UNVEIL NEXT-GEN MAIA AI CHIP Microsoft plans to unveil its next-generation Maia 300 AI chip in September, according to The Information, signaling progress after a slow start for its in-house chip program. The company reportedly plans to increase its own

🚨Insider Trade Alert🚨! President, CEO Wood Larry L has purchased 23,900 shares in $PRCT PROCEPT BioRobotics Corp worth $498,315.00 $PRCT current value: $20.41 Market: NASDAQ

HEDGE FUNDS PILE BACK INTO STOCKS Hedge funds bought global equities for a second straight week, reversing a sharp risk reduction in late July, according to Goldman Sachs. Gross trading activity rose at the fastest pace in seven weeks, with long buying outpacing short sales

HASSETT RULES OUT REPLACING FED’S COOK White House economic adviser Kevin Hassett says he will not replace Fed Governor Lisa Cook if she is removed, calling the allegations against her a law-enforcement matter. Hassett said he hopes Cook is innocent as she challenges President

MAGNITUDE 7.1 EARTHQUAKE STRIKES COLOMBIA REGION - EMSC

🇯🇵 BOJ SEPTEMBER RATE HIKE SIGNAL HELPED TRIGGER YEN INTERVENTION The U.S. backed a rare coordinated yen-buying intervention after BOJ Governor Kazuo Ueda strongly signaled a potential rate hike as early as September, according to Japanese government sources. Ueda said the BOJ

*BOJ SEPT RATE HIKE SIGNAL LED US TO JOIN IN INTERVENTION: KYODO

GLENCORE'S EXPOSURE TO IRON ORE TRADER RADIANT WORLD MORE THAN $500 MILLION, SOURCES SAY

$MSTR - STRATEGY SELLS BITCOIN, RAISES $653M FROM MSTR SHARES Strategy sold 1,690 Bitcoin for $108.6 million last week, using the proceeds to repurchase 1.15 million STRC preferred shares. The company also sold 6.59 million MSTR shares, raising $653.1 million, largely to boost

$MSTR - STRATEGY SOLD 1,690 BTC ($108.6M) AT AN AVERAGE PRICE OF $64,262

$GME $EBAY - GAMESTOP WEIGHS PULLING $56 BILLION EBAY BID GameStop CEO Ryan Cohen is considering withdrawing the company’s $56 billion takeover offer for eBay, according to Bloomberg. Instead, GameStop could propose a partnership leveraging its roughly 1,600 U.S. stores to

$GME $EBAY - GAMESTOP WEIGHS PULLING $56 BILLION EBAY BID GameStop CEO Ryan Cohen is considering withdrawing the company’s $56 billion takeover offer for eBay, according to Bloomberg. Instead, GameStop could propose a partnership leveraging its roughly 1,600 U.S. stores to

IRAN SAYS MISSILES CAN CHANGE TARGETS MID-FLIGHT Iran’s IRGC says some of its guided missiles can change course and be redirected to new targets while already in flight. An IRGC spokesperson said the capability could be used against enemy defense systems, allowing missiles

OMAN SAYS OIL LEAK FROM TANKER CAROLINE BEZENGI HAS SPREAD OVER AROUND 390 SQUARE KILOMETRES (150 SQUARE MILES)

$GME $EBAY - *GAMESTOP’S COHEN IS SAID TO WEIGH PULLING $56 BILLION EBAY BID

HASSETT: IF I WERE AT THE FED NOW, I'D HOLD OR CUT RATES

$INTC *INTEL: INTEL ANNOUNCES PROPOSED $15B STOCK OFFERING

TRUMP MEDIA SELLS EARLY ACCESS TO MARKET-MOVING POSTS Trump Media is reportedly charging trading firms up to $1.2 million annually for faster access to President Trump’s Truth Social posts. The service could carry significant market value: a recent Trump post canceling planned

$SPCX - SPACEX RETAIL INVESTORS TURN NET SELLERS Retail investors sold a net $4.5 million of SpaceX shares on Friday, their first day of net selling since the company’s June IPO, according to Vanda Research. The reversal comes as enthusiasm around the listing fades. After

$AAPL : downgraded to Underperform by Jefferies; PT cut to $263.66 from $285.56 Jefferies downgraded Apple to Underperform from Hold and cut its price target to $263.66 from $285.56, implying 16% downside. The firm says supply-chain checks indicate Apple’s all-glass iPhone

$AAPL : Jefferies downgrades to Underperform from Hold

RFK JR. SLATED TO UNVEIL PLAN TARGETING LOOPHOLE THAT ALLOWS CHEMICALS IN FOOD SUPPLY - WAPO

🚨Insider Trade Alert🚨! Insider Habiger David C has purchased 2,100 shares in $BSX BOSTON SCIENTIFIC CORP worth $99,936.90 $BSX current value: $49.31 Market: NYSE

BOFA STICKS WITH FED HIKES DESPITE WEAK JOBS US payrolls fell 23,000 in July, with prior months revised down by another 103,000. Unemployment dropped to 4.1%, while wage growth slowed to 3.2% and labor-force participation slipped. Despite weaker hiring, Bank of America still

TRUMP TO APPEAL WHITE HOUSE SECURITY RULING President Trump says his administration will immediately appeal to the Supreme Court after an appellate court backed an injunction affecting construction at the White House. Trump called the ruling a national security threat, saying

OPENAI SLOWS RELEASE OF ASTRA MODEL CITING CYBER CAPABILITIES- AXIOS

OPTIONS TRADERS RAMP UP BULLISH BETS Traders are piling into bullish options as market optimism strengthens. Cboe’s skew measure fell Friday to its lowest level since December 2024. A lower skew indicates call options are becoming more expensive relative to puts, signaling

GOLDMAN: INFLATION NOW MATTERS MORE THAN JOBS Goldman Sachs chief economist Jan Hatzius says upcoming inflation data will be more important for the Fed than employment figures. The key question is whether June’s softer inflation was a one-off or the beginning of a broader

IRANIAN DEPUTY FOREIGN MINISTER GHARIBABADI SAYS GULF SECURITY MUST BE ENSURED BY REGIONAL COUNTRIES, WITHOUT FOREIGN INTERVENTION -STATE NEWS AGENCY IRNA

FED'S BARKIN: DOESN'T THINK THERE IS WAGE INFLATION RIGHT NOW

$SPCX - SPACEX SHARES EXTEND GAINS; LAST UP 10.8%

FED'S BARKIN: MAY BE MOVING INTO A WORLD OF GREATER INSTABILITY

HASSETT: TRUMP AND WARSH TALK ABOUT THE ECONOMY 'ALL THE TIME' HASSETT: I'M SURE TRUMP DOESN'T GIVE WARSH ADVICE ON INTEREST RATES

$SPCX - SPACEX SHARES UP 5%; ARGUS RESEARCH RAISES TO BUY

CANADA AND U.S. DISCUSSING TRADE CONCESSIONS IN RETURN FOR PARTIAL TARIFF RELIEF - GLOBE AND MAIL

*HASSETT: TAKE OUT GOVT WORKERS, WORLD CUP, JOBS ROSE 100,000

WEAK JOBS REPORT TAKES EDGE OFF FED HIKE CASE July’s jobs report showed weaker hiring and downward revisions, reducing pressure on the Fed to raise rates in September. But unemployment fell to a two-year low as fewer Americans looked for work, leaving the picture mixed. For

WARSH’S “QUIETER FED” PLAN RAISES WALL STREET CONCERNS Fed Chair Kevin Warsh is reportedly considering fewer scheduled policy meetings as part of efforts to reduce the central bank’s influence on markets. Goldman Sachs and Barclays warn the strategy could backfire. Less Fed

🚨Political Trade Alert🚨 Rep. David Taylor has released a new financial disclosure. Highlights: $GOOGL Google $1k - $15k $MSFT Microsoft $2k - $30k $AVGO Broadcom $1k - $15k $KR Kroger $2k - $30k Sold: $FTTB Fifth Third Bancorp $2k - $30k $MPC Marathon Petroleum $2k - $30k

*YEN JUMPS 1% AGAINST DOLLAR AFTER US JOBS DATA

US SHOCKS WITH 23,000 JOB LOSSES IN JULY The US economy unexpectedly lost 23,000 jobs in July, far below forecasts for an 83,000 gain. June’s increase was also revised down to just 20,000 jobs. Despite the weakness, unemployment unexpectedly fell from 4.2% to 4.1%. The

US INTEREST RATE FUTURES REDUCE CHANCES OF FED HIKE IN SEPTEMBER AFTER JOBS DATA

*US JULY UNEMPLOYMENT RATE 4.1%; EST. 4.2%

*US JULY TWO-MONTH PAYROLL NET REVISION SUBTRACTS 103,000

*US JULY NONFARM PAYROLLS FALL 23K M/M; EST. +80K

U.S. JULY GOVERNMENT JOBS -53,000

“SELL AMERICA” TRADE RETURNS AS FED & YEN RISKS RISE Barclays says the “Sell America” trade is resurfacing, particularly across the dollar and US bond markets. Uncertainty over Fed policy, a potential yen carry-trade unwind and concerns over AI spending are driving volatility.

SPACEX UPGRADED TO BUY — $160 TARGET Argus upgraded SpaceX ($SPCX ) from Hold to Buy with a $160 price target, citing strong growth and operational performance. Revenue reached $7.8 billion, up 92%, while SpaceX signaled a year-end 2026 revenue run rate approaching $100

GOLDMAN: YEN INTERVENTION REINFORCES DOLLAR DOMINANCE Goldman Sachs says the latest US-Japan intervention to support the yen strengthens, rather than weakens, the dollar’s status as the world’s leading reserve currency. Washington’s intervention in EUR/JPY and Japan’s potential

🇺🇸PRESIDENT TRUMP — FRIDAY SCHEDULE AUGUST 7, 2026 🔸 8:00 AM Executive Time 📍 White House 🔸 11:00 AM Policy Meeting 📍 White House 🔸 12:00 PM Policy Meeting 📍 White House 🔸 3:00 PM ⛏️ Roundtable on American Mining 📍 U.S. Department of State 🔸 TBD ✈️ Departs

US JOBS DATA COULD MAKE OR BREAK SEPTEMBER FED HIKE Bond traders are bracing for Friday’s US jobs report as markets price more than a 50% chance of a September Fed rate hike. Economists expect around 80,000 jobs were added in July. A strong report, particularly higher wage

SPAIN'S GOVERNMENT SAYS WILL ADOPT COUNTERMEASURES TO ITALIAN BORDER CONTROL ON TRAVELLERS FROM SPAIN IF ITALIAN MEASURES NOT LIFTED BY AUGUST 9

TURKEY, SAUDI ARABIA AND PAKISTAN SIGN MAJOR DEFENCE PACT Turkey, Saudi Arabia and Pakistan have signed a joint defence agreement aimed at strengthening their collective security. Pakistan’s Foreign Ministry said the pact seeks to promote regional peace, security and stability.

CHINA’S KIMI K3 AI BREAKS OUT OF SECURITY SANDBOX China’s Kimi K3 AI model escaped an isolated testing environment during a cybersecurity evaluation, according to US researchers. The Moonshot AI model exploited a network misconfiguration, accessed the internet and searched

GLOBAL BOND INFLOWS SURGE AS EQUITY DEMAND COOLS Global bond funds attracted $23 billion this week, driven by strong demand for US high-yield debt. US bond inflows jumped to $17.8 billion from $7.9 billion last week, while Canadian and eurozone government bonds also saw solid

🚨Insider Trade Alert🚨! Chief Executive Officer Johnson Kathleen E has purchased 100,000 shares in $LUMN Lumen Technologies, Inc. worth $612,680.00 $LUMN current value: $5.90 Market: NYSE

🚨Insider Trade Alert🚨! Insider Ropp Ralph Lewis has purchased 1,000 shares in $ETR ENTERGY CORP /DE/ worth $106,075.00 $ETR current value: $106.49 Market: NYSE

Trump: I'm involved in the negotiations with Iran, deal could be soon

TRUMP: DON'T THINK IRAN CAN GO MUCH LONGER

TRUMP: STRAIT IS 'SORT OF' OPEN RIGHT NOW

Trump: We need more ammunition

TRUMP ON MUNITIONS SUPPLY: WE'RE IN GREAT SHAPE

Trump: We're working on Russia-Ukraine conflict, and i think we are making progress

TRUMP ON MUNITIONS SUPPLY: WE HAVE UNLIMITED SUPPLY

EY: FED LIKELY TO STAY ON HOLD THROUGH YEAR-END EY-Parthenon expects the Fed to keep interest rates unchanged through year-end, even after Friday's jobs report. Wall Street expects July payrolls to rise 83K, but EY says the labor market remains stable and is unlikely to shift

GHALIBAF: 'THEATER DIPLOMACY' WON'T WORK Iranian Parliament Speaker Ghalibaf criticized U.S. tactics, saying: “Massive attack coming… wait, never mind, they want to negotiate.” That’s theater diplomacy on loop. He added: “Using bullying + broken promises + fake news as

JAPAN TO WEIGH CHANGES TO PROPRIETARY TRADING CAP AS VOLUME SOARS - NIKKEI

*US CONSIDERS DELAYING COLLECTION OF PLANNED POLYSILICON TARIFFS

TRUMP TO SPEAK WITH SAUDI CROWN PRINCE ON IRAN President Trump is expected to hold a phone call with Saudi Crown Prince Mohammed bin Salman to discuss Iran, according to U.S. officials. Saudi Arabia has played a key role in efforts to de-escalate Gulf tensions and was among the

CFRA RAISES S&P 500 TARGET TO 8,050 CFRA lifted its 2026 S&P 500 year-end target to 8,050 from 7,400, implying about 4% upside from current levels. The firm also sees the index reaching 8,650 in 2027, citing strong earnings, resilient consumers, easing oil prices, AI

U.S. PENDING HOME SALES HIT 5-MONTH LOW U.S. pending home sales fell to a five-month low as elevated mortgage rates kept buyers on the sidelines. Pending sales dropped 3.7% W/W and 1.9% Y/Y to 311,150, the lowest level in over five months. The average 30-year mortgage rate

GOOGLE WARNS OF HACKING CAMPAIGN TARGETING WALL STREET Google says ransomware hackers have targeted dozens of major U.S. financial firms using phone-based social engineering to steal employee credentials. Hackers created fake IT helpdesk websites targeting firms including

HACKERS RECENTLY TARGETED BLACKSTONE, MOODY'S, CME AMONG MORE THAN TWO DOZEN U.S. FINANCIAL INSTITUTIONS, COMPANIES: DATA, REUTERS ANALYSIS

TRUMP REAFFIRMS SUPPORT FOR HEGSETH President Trump dismissed reports questioning Defense Secretary Pete Hegseth, calling them "completely false" and reaffirming his full confidence. He praised Hegseth's leadership, citing stronger military recruitment, the removal of DEI

WARREN QUESTIONS PCE INFLATION METHODOLOGY CHANGES Sen. Elizabeth Warren is seeking details on upcoming changes to the Fed's preferred PCE inflation measure. 🔸 New methodology starts with August data (released in September) 🔸 Changes could reduce reported inflation by about

IRANIAN DRAFT BILL ENVISAGES FINES OF UP TO 20% OF CARGO VALUE FOR VIOLATIONS OF PROPOSED HORMUZ TRANSIT RESTRICTIONS -FARS

IRANIAN LAWMAKER SAYS PARLIAMENT COMMITTEE REVIEWING PRELIMINARY BILL TO BAN U.S., ISRAELI AND OTHER 'HOSTILE' VESSELS FROM STRAIT OF HORMUZ -FARS NEWS AGENCY

$NVDA - NVIDIA CONSIDERS LESS HIGH-BANDWIDTH MEMORY FOR RUBIN ULTRA GPU - THE INFORMATION NVIDIA IS WEIGHING A RADICAL STEP TO DEAL WITH A SHORTAGE OF ADVANCED HIGH-BANDWIDTH MEMORY CHIPS - THE INFORMATION

FITCH SEES OIL PRICE RISKS TILTED LOWER Fitch kept its 2026 Brent forecast at $87/bbl but says risks are now skewed to the downside. • Expects the oil market to return to oversupply from September • Forecasts Brent at $70/bbl by Q4 2026 • Says June Hormuz shipments added

IRAN, OMAN EYE NEW HORMUZ TRANSIT PLAN A source says Iran and Oman are discussing a new Strait of Hormuz transit framework. • Ships would initially enter via the northern lane (Iran) and exit via the southern lane (Oman) • Later, all traffic would shift to a central corridor

*OIL JUMPS TO INTRADAY HIGH, BRENT TRADES ABOVE $82/BBL

SPOT GOLD REVERSES COURSE, LAST DOWN 0.3% AT $4,233.83/OZ

U.S. 30-YR FIXED RATE MORTGAGE AVERAGES 6.69 PCT IN AUG 6 WEEK, HIGHEST SINCE JULY 31, 2025 WEEK, VS 6.66 PCT PRIOR WEEK-FREDDIE MAC

IRAN WEIGHS TOUGHER HORMUZ TRANSIT RULES Iran's parliament is reviewing a draft bill that would tighten transit rules through the Strait of Hormuz and the Persian Gulf. Key proposals include: • Ban vessels linked to the U.S., Israel, and other hostile states • Block military

*ALPHABET DRAWS ABOUT $115 BILLION OF DEMAND FOR JUMBO BOND SALE

UAE SOVEREIGN WEALTH FUND MUBADALA INVESTMENT IN DISCUSSIONS TO INVEST IN ONE OF JAPAN'S BIGGEST DATA CENTERS - NIKKEI

MUSK: MY VERY APPROXIMATE GUESS IS THAT TERAFAB AI COMPUTE OUTPUT WOULD BE ABOUT 25% FOR TESLA OPTIMUS AND ABOUT 75% FOR AI SPACECRAFT

CARNEY, ASKED ABOUT TRUMP'S COMMENTS THAT CANADIANS ARE NASTY, SAYS OTTAWA IS STANDING UP FOR CANADIAN BUSINESSES

US SENATOR RAND PAUL SAYS HE WILL REFER ANTHONY FAUCI TO DOJ FOLLOWING CONTEMPT VOTE -CNN

U.S. MILITARY: AWARE OF NORTH KOREA MISSILE LAUNCH AND ARE CONSULTING WITH ALLIES

$SPCX - SPACEX SHARES REVERSE COURSE, LAST UP 5.1%

DEEPSEEK RESUMES FUNDRAISING, SEEKING $8B AT $74B VALUATION

US JUN WHOLESALE INVENTORIES +0.2%; EXPECTED +0.3%

TRUMP SAID TO CALL WARSH IN LATEST SIGNAL OF PUSH TO REMAKE FED Bloomberg reports President Trump has held periodic phone calls with Fed Chair Kevin Warsh since May, discussing the economy and Warsh's outlook without directing policy. The conversations come amid Trump's broader

TOM LEE SEES S&P 500 HITTING 8,000 IN AUGUST Fundstrat's Tom Lee expects the S&P 500 to reach 7,900–8,000 this month, implying up to 3.6% upside from Wednesday's close. Lee cites strong technical momentum, accelerating earnings, and broadening market strength. He remains

🚨Political Trade Alert🚨 Rep. Lisa McClain has released a new financial disclosure. Highlights: Saronic Technologies $50k - $100k

🚨Political Trade Alert🚨 Rep. Julie Johnson has released a new financial disclosure. Highlights: $ADBE Adobe $1k - $15k $BA Boeing $1k - $15k $CMS CMS Energy $1k - $15k $FISV Fiserv $1k - $15k $NOW ServiceNow $1k - $15k All bought and sold on same day??

$OKLO - OKLO HITS KEY NUCLEAR MILESTONE Oklo's small modular reactor reached criticality, marking a major milestone where a self-sustaining nuclear chain reaction is achieved. The milestone supports U.S. efforts to accelerate next-generation nuclear technology, though no SMRs

🚨Political Trade Alert🚨 Rep. Lloyd Doggett has released a new financial disclosure. Highlights: $KO Coca Cola $1k - $15k

YARDENI: FED SHOULD TURN MORE HAWKISH Yardeni Research says the Fed should adopt a more hawkish stance, arguing inflation risks now outweigh growth concerns. The firm points to strong consumer spending (+3.3%), business investment (+8.4%), and AI-driven capex as evidence the

FOMO DRIVES RECORD S&P 500 CALL BUYING Investors are piling into S&P 500 call options, with more than 4 million contracts traded Tuesday—a record—as bullish sentiment accelerates. Analysts say strong earnings, improving market breadth, and fading macro concerns are fueling a

*US PRELIM 2Q LABOR PRODUCTIVITY RISES 1.4% Q/Q; EST. +0.6%

US JOBLESS CLAIMS +1K TO 199K IN AUG-1 WK; SURVEY 204K US JUL-25 WEEK CONTINUING CLAIMS +24K TO 1,801,000 US JUL-25 WEEK JOBLESS CLAIMS REVISED TO 198K

*ALPHABET SEEKS TO RAISE AS MUCH AS $25 BILLION FROM BOND SALE

*OMAN, IRAN TO ISSUE HORMUZ TRANSIT CORRIDOR STATEMENT SOON

*ALPHABET KICKS OFF 10-PART US DOLLAR INVESTMENT-GRADE BOND SALE

MUFG: DOLLAR STILL UNDERVALUED MUFG says the U.S. dollar remains undervalued against 8 of the 9 other G10 currencies, suggesting extra risk premium is still priced in. The bank cites expectations for a Middle East ceasefire, U.S.-Japan yen intervention, and concerns over Fed

INVESCO: FED ISN'T BEHIND THE CURVE Invesco argues the Fed is not behind the curve, saying current rates are still restrictive or neutral. The firm estimates the neutral rate at 3.5%–4.0%, close to the current 3.50%–3.75% policy range. It also notes inflation isn't

$SPCX - SPACEX FACES MASSIVE SHARE UNLOCK Up to 911.5M SpaceX shares unlock today—more than 140% of the current public float—raising the risk of near-term volatility. The stock fell 12% after earnings despite beating on revenue and posting an unexpected AI profit. More

WARSH OPEN TO SEPTEMBER RATE HIKE FT reports Fed Governor Kevin Warsh would be prepared to raise rates in September if upcoming inflation data comes in hot and markets increase expectations for higher borrowing costs, according to people familiar with his thinking.

BOFA SEES URANIUM RALLY CONTINUING 🔸BofA raised its 2027 uranium price forecast to $130/lb, implying ~52% upside from current spot prices. 🔸Bullish view is driven by tight supply, lower utility contract coverage (48% vs. 56% last year), and growing nuclear investment. 🔸U.S.

🇺🇸 PRESIDENT’S THURSDAY SCHEDULE 🔸 8:00 AM — Executive Time 🔸 9:00 AM — In-Town Pool Call 🔸 10:00 AM — Policy Meeting 🔸 11:00 AM — Intelligence Briefing 🔸 3:00 PM — Signing Time 🔸 4:00 PM — Pre-Taped Interview 🔸 5:30 PM — Policy Meeting 🔸 6:15 PM — Tele-Rally 🔸 7:00 PM

SITUATIONAL AWARENESS' $400M COMEBACK Days after nearing collapse, Leopold Aschenbrenner’s Situational Awareness fund made a $400M investment in a private company. The deal follows a $100M investment last month, signaling a rapid recovery after margin calls shook the firm.

🚨Insider Trade Alert🚨! Insider Satpathy Aurobind has purchased 11,538 shares in $IR Ingersoll Rand Inc. worth $1,000,090.76 $IR current value: $90.00 Market: NYSE

META AI MODEL ACCESSED INTERNET, HACKED A COMPANY: INFORMATION

Trump: Iran cannot have a nuclear weapon

*TRUMP: WE LOVE ELON

Trump: I'd rather make a deal with Iran

🚨Insider Trade Alert🚨! Insider Tyagarajan N. V. has purchased 500 shares in $JBL JABIL INC worth $149,814.95 $JBL current value: $338.56 Market: NYSE

🚨Insider Trade Alert🚨! Insider Buckley Mortimer J has purchased 37,632 shares in $PFE PFIZER INC worth $960,368.64 $PFE current value: $25.80 Market: NYSE

TRUMP ADMINISTRATION PLANS TO IMPOSE TARIFF OF 15% ON POLYSILICON DERIVATIVES -SOURCES

HORMUZ DEAL COULD GIVE IRAN MORE CONTROL A proposed Oman-mediated deal would give Iran greater control over ships entering the Strait of Hormuz, marking a major concession if approved, Reuters reported. While Iranian officials say talks have made significant progress, regional

IRAN'S PRESIDENT SAYS INTERACTION WITH COUNTRY'S SUPREME LEADER IS 'VERY DIFFICULT' CURRENTLY

OPENAI DRIVES MOST OF MICROSOFT'S AI REVENUE Microsoft disclosed it generated $24.1 billion in AI revenue from OpenAI in the year ended June, suggesting the ChatGPT maker accounts for more than half—and possibly around 70%—of its AI business. The figures highlight Microsoft's

YEMEN'S HOUTHIS SAY THEY TARGETED SAUDI OIL VESSEL IN GULF OF ADEN; NO SAUDI CONFIRMATION

IRAN: THERE'S NO DECISION YET ON THE SECOND STAGE OF US TALKS

IRAN'S DEPUTY FOREIGN MINISTER SAYS NO TALKS WITH U.S. HAVE BEEN HELD IN RECENT DAYS

IRAN'S DEPUTY FOREIGN MINISTER SAYS U.S. RETURNING TO ITS COMMITMENTS IN ISLAMABAD MOU IS A CONDITION, BUT NOT ENOUGH FOR THE REOPENING OF HORMUZ - IRNA

IRAN'S DEPUTY FOREIGN MINISTER SAYS POTENTIAL TRANSIT ROUTE NEGOTIATED BY IRAN AND OMAN COULD BE VIABLE FOR 2 TO 4 MONTHS - IRNA

*ALPHABET SHARES EXTEND DECLINE TO MORE THAN 5%

MAJOR HEDGE FUNDS TARGETED IN WAVE OF ATTEMPTED CYBERATTACKS Major hedge funds including Citadel, Point72 and Two Sigma were targeted in a wave of sophisticated cyberattacks using AI-powered voice phishing (vishing) to trick employees into granting system access. Two Sigma said

BOFA: S&P 500 HITS 2026 TARGET Bank of America said the S&P 500 has reached its 2026 target of 7,741, but technical indicators suggest the rally could extend toward 8,000, 8,234 and potentially 8,541. The bank sees 7,500 as key support but warns that weak August-October

YELLEN: INFLATION REMAINS THE KEY CHALLENGE Former Treasury Secretary and Fed Chair Janet Yellen said the US labor market is functioning well and no longer appears hot enough to fuel inflation. She added she is surprised the Middle East conflict and higher oil prices have had

KASHKARI CALLS FOR IMMEDIATE RATE HIKES Minneapolis Fed President Neel Kashkari said the Fed should begin raising interest rates now to bring inflation under control. Kashkari, one of three officials who dissented from last week's decision to hold rates steady, backed a 25bp

BRAZIL'S LULA: TRUMP ADMINISTRATION'S MOVE ON BRAZILIAN AMBASSADOR VISA 'IRRESPONSIBLE'

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS IRAN-OMAN AGREEMENT "IN ITSELF" DOES NOT MEAN THE STRAIT IS SECURE

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS JOINT ANNOUNCEMENT BY OMAN AND IRAN IN FINAL STAGE IF 'CERTAIN THIRD PARTIES' DO NOT INTERFERE

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS GEOGRAPHIC CHARACTERISTICS OF THE ROUTE IN STRAIT OF HORMUZ AGREED BY IRAN AND OMAN

RUSSIA HIT THREE CARGO VESSELS IN BLACK SEA REGION - RUSSIAN DEFENCE MINISTRY

BOFA CEO BACKS THREE FED RATE HIKES Bank of America CEO Brian Moynihan reiterated the bank's forecast for three Fed rate hikes in September, October and December, saying the labor market remains strong while inflation still needs to ease. He also noted that spending patterns

$NVDA - NVIDIA SHARES HIT HIGHEST IN OVER TWO MONTHS, LAST UP 4.3%

SPOT GOLD EXTENDS GAINS, RISES NEARLY 4% TO $4,238.29/OZ

The United States has removed counterterrorism sanctions from two aircraft and three airlines with links to Iran's Islamic Revolutionary Guard Corps, according to details posted to the U.S. Treasury Department's website on Wednesday.

U.S. REMOVES IRAN-RELATED SANCTIONS -TREASURY WEBSITE

BURRY WARNS OF 1987-STYLE RISK "Big Short" investor Michael Burry warned markets could be nearing a major top, saying a 1987-style crash remains possible. However, he noted that the S&P 500's recent record highs are likely to attract fresh investor money, potentially extending

*US JULY ISM SERVICES PMI RISES TO 54.1 FROM 54; EST. 54.5

*US S&P JULY SERVICES PMI AT 54.6 VS 51.2 PRIOR *US S&P JULY COMPOSITE PMI AT 54.5 VS 51.9 PRIOR

STRAIT OF HORMUZ DRAFT DEAL AWAITS FINAL APPROVAL Regional officials told AP that Iranian and Omani negotiators have finalized a draft agreement on the Strait of Hormuz, pending approval from Iran's Supreme Leader. The proposed deal is a temporary measure to ease US-Iran

GOLDMAN STICKS TO PAYROLL FORECAST Goldman Sachs maintained its 75,000 July nonfarm payroll forecast despite a weaker-than-expected ADP report showing just 44,000 private-sector jobs were added. The bank said ADP has had a weak correlation with official payroll data in recent

$AAPL - APPLE RAMPS UP FOR NEXT IPHONE Bank of America reiterated its Buy rating and $380 price target after Apple's purchase commitments surged 28% to $57 billion, signaling an iPhone production ramp and component stockpiling ahead of the next launch. Apple also warned of chip

US-IRAN DEAL ODDS REMAIN UNCERTAIN A senior Gulf official told CNN there is a 50:50 chance the US and Iran reach a deal by Friday, despite President Trump suggesting an agreement is close. Trump said talks were progressing well but warned the US would strike Iran "really hard"

🚨Political Trade Alert🚨 Senator Shelley Moore Capito has released a new financial disclosure. Highlights: Sold: $MSFT Microsoft $15k - $50k $AAPL $1k - $15k $INTC Intel $1k - $15k $CSCO Cisco Systems $1k - $15k $KO Coca Cola $1k - $15k

TRUMP SIGNALS IRAN PROGRESS, WARNS OF STRIKES President Trump said US officials are holding "very good" talks with Iran and suggested a Strait of Hormuz agreement could come as early as today. However, he warned the US would hit Iran "really hard" if Tehran backs away from a

ISRAEL MILITARY SAYS IT BEGUN CONDUCTING STRIKES IN SOUTHERN LEBANON IN RESPONSE TO A 'BLATANT VIOLATION' OF CEASEFIRE BY HEZBOLLAH

ANTHROPIC BUILDS CUSTOM AI CHIPS FOR CLAUDE Anthropic has confirmed it is building an in-house chip team to design custom AI processors for Claude, aiming to boost speed, efficiency and scalability. The company will co-design hardware and AI models while continuing to rely on

$SPCX - SPACEX PLANS MOON FACTORIES POWERED BY HUMANOID ROBOTS

ISRAELI MILITARY ISSUES EVACUATION WARNING TO VILLAGE IN SOUTHERN LEBANON - STATEMENT

US TREASURY HOLDS DEBT ISSUANCE STEADY The US Treasury will keep coupon, floating-rate note and TIPS auction sizes unchanged for at least the next several quarters. It announced a $125 billion quarterly refunding, raising $28.7 billion in new cash, while maintaining bill

SPOT SILVER EXTENDS GAINS, RISES NEARLY 5% TO $62.53/OZ

$GOOGL - GOOGLE IS IN TALKS FOR A $1.5 BILLION-PLUS DEAL WITH AI CODING AGENT STARTUP MECHANIZE - BUSINESS INSIDER

*ADP US JULY PRIVATE EMPLOYMENT RISES 44,000; EST. +65K

AI DRIVES MARKETS TO NEW HIGHS S&P 500 futures rose 0.4% on Wednesday, putting the index on track for a second straight record close as strong earnings reinforced confidence in AI spending. Investors shrugged off mixed corporate results, focusing instead on continued investment

KASHKARI: SAYS HE BELIEVES NOW IS THE TIME TO START SLOWLY MOVING INTEREST RATES UP

FED'S KASHKARI: MY GOAL IS NOT TO SLOW ECONOMY, MY GOAL IS TO BRING DOWN INFLATION - CNBC

SPOT GOLD EXTENDS GAINS, LAST UP NEARLY 3% AT $4,196.29/OZ

$MSTR - STRATEGY JOINS INVEST AMERICA BUSINESS PLEDGE, CONTRIBUTING TO TRUMP ACCOUNTS TO SUPPORT THE FINANCIAL FUTURES OF EMPLOYEES’ CHILDREN STRATEGY: TO CONTRIBUTE $250 EACH YEAR TO TRUMP ACCOUNT FOR EVERY ELIGIBLE CHILD UNDER 18 OF ITS U.S. EMPLOYEES

*IRAN FM ARAGHCHI TO VISIT PAKISTAN FRIDAY

🇺🇸 TRUMP SCHEDULE | AUG. 5 🔸 11:00 AM ET — Executive Time 🔸 2:00 PM ET — Travel Pool Call Time 🔸 4:30 PM ET — Remarks at Red Rock Casino Resort & Spa, Las Vegas 🔸 TBD — Departs Las Vegas for Washington, D.C. 🔸 TBD — Arrives at the White House 🔸 9:30 PM ET — In-Town Pool

$META - META'S ZUCKERBERG APOLOGISES TO INDIAN GOVT OVER CHILD SEXUAL ABUSE MATERIAL, OPERATION ERRORS OF META PLATFORMS - TV

U.S. MORTGAGE DEMAND WEAKENS AS RATES HIT ONE-YEAR HIGH U.S. mortgage applications fell 2.9% in the week ended July 31, according to the MBA. The purchase index declined 3.6%, while the refinance index fell 1.9%. The average 30-year mortgage rate rose 5 bps to 6.81%, its

$LLY - ELI LILLY RAISES FY OUTLOOK AFTER STRONG Q2 BEAT Results 🔸 Adj. EPS: $8.38 vs. $6.01 est. ✅ 🔸 Revenue: $22.97B vs. $20.73B est. ✅ 🔸 EPS: $7.94 🔸 Mounjaro Revenue: $9.94B (+91% YoY) 🔸 Zepbound Revenue: $4.93B vs. $4.64B est. ✅ (+44% U.S. YoY) Guidance 🔸 FY

$SPCX - SPACEX MOBILE PUSH HITS U.S. TELECOM STOCKS U.S. wireless stocks fell after SpaceX said it plans to build a full mobile network, aiming to compete with Verizon, AT&T and T-Mobile. Using spectrum acquired from EchoStar, SpaceX plans to combine Starlink's satellite