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🚨Insider Trade Alert🚨! Insider Rolph Jonathan D has purchased 1,640 shares in $EVRG Evergy, Inc. worth $133,610.89 $EVRG current value: $80.20 Market: NASDAQ

OPENAI ISSUING NEW ENDORSEMENTS FOR WEB OF BIOLOGICAL DATA ACT, AI-READY BIO-DATA STANDARDS ACT, SCALE BIOLOGY ACT - POLITICO

SALESFORCE $CRM CEO MARC BENIOFF ON AI SAFETY: WE MUST HOLD COMPANIES AND TECHNOLOGY EXECUTIVES RESPONSIBLE FOR THE TECHNOLOGY THEY BUILD

*VANCE AGREES WAR WILL END AFTER MIDTERMS: NY POST *VANCE SAYS IRAN WAR WILL ENTER ‘MUCH DIFFERENT PHASE’: NY POST *VANCE TO NYP: IRAN OCCASIONALLY SHOOTING AT COMMERCIAL SHIPPING *VANCE TO NYP: US NOT ENGAGED IN AGGRESSIVE OPERATIONS IN IRAN

OPENAI CFO FRIAR SAYS WILL PACE THE FRONTIER AND SLOW DOWN IF WE HAVE TO - CNBC

OPENAI CFO SARAH FRIAR EMPHASIZES ‘NEED TO TAKE SAFETY SERIOUSLY’ ON AI RISKS- CNBC

JPMORGAN $JPM CO-PRESIDENT SAYS Q3 INVESTMENT BANKING AND TRADING FEES SHOULD BOTH BE UP MID TO HIGH TEENS Doug Petno says deal activity is quite robust, with broad-based strength across investment banking and all geographies, and that private equity activity is back to normal,

NVIDIA CEO JENSEN HUANG: DO NOT NEED NEW LAWS OR REGULATIONS FOR AI SAFETY - SALESFORCE EVENT NVIDIA CEO: ON AI SAFETY, SAYS COMPANIES SHOULD PACE THEMSELVES UNTIL THEY ARE ARE CONFIDENT THEY ARE RELEASING SOMETHING THE MARKET WOULD APPRECIATE

JPMORGAN $JPM CO-PRESIDENT SAYS Q3 INVESTMENT BANKING AND TRADING FEES SHOULD BOTH BE UP MID TO HIGH TEENS Doug Petno says deal activity is quite robust, with broad-based strength across investment banking and all geographies, speaking at the Barclays Global Financial Services

CBO SAYS THE WAR IN IRAN COST THE U.S. $38 BLN IN THE FIRST FIVE MONTHS, ADDING THAT ITS ANNUAL PCE INFLATION PROJECTION IS NOW 0.5 PERCENTAGE POINT HIGHER FOR Q1 2027

GOOGLE $GOOGL INTRODUCES GEMINI 3.8 LIVE AND 3.8 LIVE EXTENDED THINKING The company says it is partnering with Salesforce $CRM, Genspark, and Lumeris on the models, per its website.

U.S. 20-YEAR TREASURY YIELD HITS 5.42% The Treasury’s $13 billion 20-year bond auction cleared at a high yield of 5.420%, highlighting elevated long-term borrowing costs. Demand remained solid, with a 2.57 bid-to-cover ratio, while indirect bidders took roughly $6.8 billion.

*US 20Y BONDS DRAW 5.420% VS 5.400% PRE-SALE WHEN-ISSUED YIELD

IRAN CLAIMS HUNDREDS OF U.S. MILITARY SITES HIT Iran’s foreign minister rejected claims that Iran is defenseless, asserting that hundreds of U.S. military sites have been destroyed and dozens of aircraft damaged. He claimed the figures were based on Pentagon information and

SAUDI OIL PIPELINE COULD RESTART WITHIN DAYS Saudi Arabia’s critical East-West Pipeline could resume crude flows within days, according to U.S. Energy Secretary Chris Wright. The pipeline had been moving 4–5 million barrels per day, roughly 4–5% of global supply, before attacks

EXPENSIFY $EXFY ANNOUNCES INTEGRATION WITH ANTHROPIC FOR CLAUDE FOR SMALL BUSINESS

FRANCE BACKS KNOT FOR ECB PRESIDENT France would support former Dutch central-bank chief Klaas Knot to succeed Christine Lagarde as ECB president, provided a French candidate receives the powerful chief economist role, Reuters reports. The proposal reportedly has Macron’s

BESSENT: GAS PRICES ARE LOWER THAN THEY WERE UNDER BIDEN

U.S. CONFIRMS WEAPONS IN ORBIT The Pentagon has made its strongest acknowledgment yet that the U.S. possesses weapons in space, with Air Force Secretary Troy Meink confirming orbital systems capable of defending U.S. forces. Space Command called the disclosure a “landmark”

BESSENT: THE NEED TO ADDRESS DEFICIT IS ONE FACTOR AFFECTING 10-YEAR TREASURY BOND YIELD

U.S., GULF STATES EXPAND HORMUZ TANKER TRANSITS The U.S. military and Gulf countries have begun conducting daytime tanker transits through the Strait of Hormuz, according to a U.S. official cited by Axios. Previously, escorted transits had reportedly been limited mainly to

BESSENT: FOR A NOMINAL AMOUNT, THE U.S. TREASURY WAS ABLE TO SIGNAL SUPPORT FOR JAPANESE POLICIES

RUSSIAN OIL PREMIUMS SURGE AS MIDDLE EAST SUPPLY TIGHTENS Russian Urals crude premiums in India jumped to $8/barrel over Brent, up from around $1 in August and the highest since May. Middle East supply disruptions are pushing Indian and Chinese refiners toward Russian barrels,

BESSENT: TREASURY'S BOND BUYBACK INTERVENTION WAS SUCCESSFUL

*BESSENT: EXAMINING $5,000 CHECK PROPOSAL AT TREASURY

MORGAN STANLEY'S DAN SIMKOWITZ SAYS WE ARE IN RELATIVELY EARLY TO MIDDLE INNINGS OF AI FINANCING

BRENT, US CRUDE FUTURES RISE BY MORE THAN $3 AFTER SHIPPING SOURCES TELL REUTERS OIL LOADINGS AT SAUDI ARABIA'S RED SEA PORT OF YANBU HAVE BEEN SUSPENDED

BESSENT: TRUMP COMPLETELY ALIGNED WITH NVIDIA'S JENSEN HUANG

JOHNSON SAYS AI MORATORIUM WILL LOSE COMPETITIVE EDGE TO CHINA

OIL LOADINGS SUSPENDED AT TOP SAUDI RED SEA PORT OF YANBU AFTER PREVIOUS ATTACK ON EAST-WEST PIPELINE - SHIPPING SOURCES

BESSENT: DECREASE IN RESERVE HOLDINGS OF DOLLARS IS MAINLY FROM RUSSIA AND CHINA

*BESSENT SAYS WILL MEET CHINA'S HE LIFENG THIS WEEKEND

BESSENT: TRUMP ADMINISTRATION IS AT FOREFRONT OF EXAMINING AI MODELS

BESSENT SAYS U.S. BOND MARKET IS THE BEST-PERFORMING IN THE WORLD

*BESSENT: WILL BE MEETING WITH HE LIFENG THIS WEEKEND *BESSENT: HAVE HAD GOOD, PRIVATE, TALKS WITH CHINA ON IRAN *BESSENT: TALKS WITH CHINA ON IRAN WILL CONTINUE WITH HE LIFENG

BESSENT: WE HAVE HAD GOOD PRIVATE DISCUSSIONS WITH CHINA ON IRANIAN FINANCIAL LINKS

BESSENT SAYS WE HAVE SEEN SOME FORWARD FACING STATEMENTS FROM UNITED ARAB EMIRATES TO CUT OFF IRAN FINANCES

U.S. POVERTY FALLS AS INCOMES HIT RECORD HIGH The U.S. poverty rate fell to 10.2% in 2025, while median household income jumped 6% to a record $87,460. A notable improvement in the household economic picture.

BESSENT: WE ARE NOW ENDING IRAN THREAT, NOT 'MANAGING' IT

ABBVIE $ABBV SAYS APOGEE FITS "VERY NICELY" WITH ITS BUSINESS DEVELOPMENT APPROACH An executive says the existing portfolio provides a "clear line of sight" to very strong growth well into next decade, per the conference call.

*BESSENT: 'WE HAVE SET THE TABLE FOR A ROBUST ECONOMY'

*BESSENT, ASKED ON 10-YR YIELDS, BLAMES OIL PRICE RISE

BRENT, US CRUDE FUTURES RISE AFTER LIBYA'S NOC SAYS IT MAY DECLARE FORCE MAJEURE AFTER PROTESTS SUSPEND PRODUCTION AT OIL FIELDS, BRENT LAST UP 1.7%, WTI UP 2.1%

BESSENT, ASKED ABOUT RISING BOND YIELDS ON TUESDAY, SAID THIS IS DUE TO “GLOBAL ISSUES”

*LIBYA NOC: OUTPUT HALTED AT HAMADA, AL-TAHARA FIELDS *LIBYA FIELDS SHUTDOWN DUE TO PIPELINE CLOSURE: NOC

OIL JUMPS AS SAUDI CANCELS EUROPEAN CARGOES Oil prices surged after Saudi Arabia reportedly cancelled September crude cargoes to some European refiners following damage to its East-West pipeline. Additional supply pressure comes from Libyan oil-field outages and maintenance in

TRUMP BLASTS SUPREME COURT OVER MAJOR RULINGS President Trump sharply criticized the U.S. Supreme Court, accusing it of repeatedly delivering decisions harmful to Republicans and the country. Trump attacked rulings involving mail-in voting, tariffs and birthright citizenship,

FED BANK MONITORING SYSTEM HIT BY OUTAGE The Federal Reserve’s National Information Center suffered an outage on August 5, according to the WSJ. The White House said only the public website was affected, but sources said internal systems and the Fed’s primary bank-lending

🚨Political Trade Alert🚨 Rep. Josh Gottheimer has released a new financial disclosure. Highlights: $MSFT Microsoft $750k - $1.5M (refreshed call options) $AMAT Applied Materials $1k - $15k Sold: $MSFT $750k - $1.5M (older options)

NOBEL LAUREATE WARNS AI COULD ERODE HUMAN AGENCY Nobel Peace Prize laureate Maria Ressa is calling for urgent AI regulation, warning that increasingly autonomous systems could undermine human agency. Ressa says citizens must pressure governments to act and argues regulation is

OMAN, U.S. DISCUSS REGIONAL DE-ESCALATION Oman’s Foreign Minister held a phone call with his U.S. counterpart to discuss rapidly evolving regional developments and efforts to reduce tensions and contain the fallout. The two also discussed creating conditions for continued

TRUMP WILL RESPECT FED DECISION NEC Director Kevin Hassett says President Trump will respect whatever decision the Federal Reserve makes on Wednesday. Markets widely expect the Fed to raise interest rates, with another hike potentially coming later this year. The comments come

OIL RALLY BUILDS AS SUPPLY RISKS MOUNT WTI climbed 1% to $102.40, holding near recent highs as Middle East supply concerns persist. Shipping through the Strait of Hormuz has declined, while Saudi pipeline disruptions and uncertainty over the Russia-Ukraine energy truce support

🇺🇸 WHAT TO WATCH TODAY — U.S. MARKETS 8:15 AM ET — 🇺🇸 ADP Weekly Employment Estimate 8:30 AM ET — 🇺🇸 Empire State Manufacturing 11:30 AM ET — 🇺🇸 6-Week Treasury Auction 1:00 PM ET — 🇺🇸 20-Year Treasury Auction 4:30 PM ET — 🛢️ API Oil Inventories All Day — 🏦 FOMC Meeting — Day 1

KREMLIN BACKS RUSSIA-UKRAINE ENERGY TRUCE The Kremlin welcomed Trump’s proposal for Russia and Ukraine to stop attacking each other’s energy infrastructure. Trump said both sides had agreed to the moratorium. Moscow also called for sanctions on Russian energy supplies to be

KREMLIN: IF SANCTIONS ARE LIFTED, WORLD ENERGY PRICES WILL GO DOWN

KREMLIN: WE THINK TRUMP'S PROPOSAL ON CEASEFIRE WITH UKRAINE ON ENERGY TARGETS IS A GOOD IDEA

SAUDI OIL EXPORTS PIVOT EAST Damage to Saudi Arabia’s East-West Pipeline could cut Yanbu exports by 2.5–2.7 million bpd for up to six weeks, according to Kpler. Saudi Arabia can redirect roughly 3 million bpd through Ras Tanura, but that increases reliance on the Strait of

🚨Insider Trade Alert🚨! Insider SMACH THOMAS J has purchased 4,000 shares in $CROX Crocs, Inc. worth $437,529.50 $CROX current value: $111.49 Market: NASDAQ

TRUMP DISMISSES AI TAKEOVER FEARS President Trump rejected warnings that AI and robots could eventually threaten humanity, calling the concerns a “hoax.” He compared fears of AI taking control to past controversies over Russia and climate change. The comments reinforce Trump’s

TRUMP DISMISSES AI AND DATA CENTER FEARS President Trump rejected warnings that AI could threaten humanity or data centers could harm communities, comparing those concerns to his criticism of climate-change warnings. Trump accused critics of pushing a political agenda and

SYSCO $SYY ANNOUNCES $1B COMMON STOCK OFFERING Proceeds will finance the Jetro Restaurant Depot acquisition, per the company.

GRAB $GRAB TO EXPAND AUTONOMOUS VEHICLE FLEET TO 50 VEHICLES IN SIX MONTHS The company will broaden AV service coverage in Punggol and expand across Singapore, and is investing in AV infrastructure including an AV depot in Punggol.

TRUMP, ALTMAN SPLIT OVER AI SAFETY President Trump privately met OpenAI CEO Sam Altman last week to discuss AI and its growing power, according to MS NOW. Days later, their positions diverged sharply. Altman backed slowing frontier AI development to prioritize safety, while

IRAN'S IRGC: OIL TANKER EXPLODED AFTER COLLIDING WITH MINES IN STRAIT OF HORMUZ AND CAUGHT FIRE - IRAN'S FARS

OPENAI BOUGHT SMARTPHONE CAMERA STARTUP GLASS IMAGING AT A VALUATION ABOVE $300M The deal closed quietly in recent months, per WSJ. Glass Imaging was valued around $100M in a funding round last year and had raised about $30M from investors including Alphabet's $GOOGL GV and

OPENAI BUYS STARTUP DEVELOPING SMARTPHONE CAMERA CALLED GLASS IMAGING, VALUED ABOVE $300 MILLION IN DEAL - WSJ

U.S.-IRAN PHASED DEAL REPORTEDLY IN PLAY Washington may be considering a “phased” agreement with Tehran aimed at ending the U.S.-Iran conflict, according to a Pakistani source cited by ILNA. The source cautioned that Trump’s recent comments do not necessarily signal a

TRUMP SAYS AI TAKING OVER WORLD, DESTROYING HUMANITY IS A HOAX

DEEPSEEK HIRES FIRST CFO AHEAD OF POSSIBLE IPO DeepSeek plans to hire GL Ventures partner Yan Wentao as its first CFO, Reuters reports, as the Chinese AI startup prepares for a potential IPO. The company has also tapped CITIC Securities for a possible Shanghai STAR Market

BANK OF AMERICA $BAC CEO GUIDES Q3 INVESTMENT BANKING FEES TO $1.6-1.8B Brian Moynihan says Q3 sales and trading will be flat, speaking at the Barclays Global Financial Services Conference. He says consumer credit quality is good, and that affordability is what is on the

APPLE $AAPL LAUNCHES SIRI AI, ROLLING OUT TODAY IN BETA IN ENGLISH The company says it will expand to five languages, per its website.

IRAN REJECTS TRUMP’S DEAL CLAIM Iranian state-linked Tasnim News rejected Trump’s claim that Tehran wants a quick deal with Washington. The outlet said Iran has repeatedly stated it does not seek negotiations with the U.S. government, accusing Trump of making false claims about

TRUMP ON IRAN: WILL DETERMINE WHETHER OR NOT U.S.A. WILL CHOOSE TO ENGAGE, CONCEPT OF WHICH WE ARE OPEN TO

TRUMP ON IRAN: IRAN WANTS TO MAKE A DEAL, QUICKLY AND BADLY

TRUMP OPEN TO IRAN DEAL President Trump says Iran wants to reach a deal “quickly and badly,” signaling the U.S. remains open to negotiations. Trump said he will decide whether Washington engages, leaving the door open to a potential diplomatic breakthrough amid heightened

AI BOOM SET TO SUPERCHARGE U.S. GAS DEMAND U.S. data centers could add 15 Bcf/d of natural gas demand by 2035, more than double BNEF’s previous forecast. Gas is expected to supply 69% of new grid-connected data center power, while LNG exports add further pressure. Market

TRUMP: “DON’T KILL THE GOLDEN GOOSE” President Trump says America’s AI and data center boom is happening because the U.S. holds a commanding global lead. He urged against measures that could slow the industry’s expansion, warning policymakers: “Don’t kill the Golden Goose!”

ANTHROPIC'S AMODEI, OPENAI'S ALTMAN SPOKE WITH U.S. SENATOR MARK WARNER OVER THE WEEKEND ABOUT AI RISKS - SENATE SPOKESPERSON

TRUMP: UKRAINE HAS AGREED NOT TO HIT RUSSIAN ENERGY TARGETS, RUSSIA HAS AGREED TO DO, LIKEWISE

SENIOR SUNNI MUSLIM CLERIC SHOT DEAD BY UNIDENTIFIED GUNMEN IN SOUTHEAST IRAN - IRANIAN MEDIA

U.S. 10-YEAR YIELD BREAKS 5% The 10-year Treasury yield climbed above 5%, its highest since October 2023, as oil-driven inflation fears fuel expectations of higher-for-longer Fed policy. Heavy debt issuance and concerns over U.S. deficits are adding pressure. Market angle: 5%

*TRADERS FULLY PRICE FIVE QUARTER-POINT BOE HIKES BY END OF 2027

ANTHROPIC STILL EYES 2026 IPO Anthropic is still likely to go public in 2026, despite growing debate over AI safety and regulation, Axios reports. The Claude maker reportedly views public-market transparency as potentially strengthening its safety case and has chosen Nasdaq for

US 10-YEAR TREASURY YIELD REACHES 5% FOR FIRST TIME SINCE 2023

TRUMP: THERE IS A SICK CONSPIRACY GOING ON AGAINST AI AND DATA CENTERS

*TRUMP: ONLY CONTROL THAT AI NEEDS IS A STRONG PRESIDENT

TRUMP REJECTS AI GUARDRAILS President Trump says AI does not need additional industry “guardrails,” arguing that his administration already has sufficient criminal and regulatory authority over AI companies. Trump also criticized Anthropic CEO Dario Amodei, following growing

*ORACLE STARTS A NEW ROUND OF LAYOFFS: INSIDER

SPOT GOLD EXTENDS LOSSES, DOWN 2% TO $4,256.39/OZ

BOFA TURNS MORE BULLISH ON S&P 500 Bank of America raised its S&P 500 year-end target to 7,400 from 7,100, signaling increased confidence in the equity rally. BofA also introduced a 12-month target of 7,800, pointing to further upside for U.S. stocks beyond year-end.

🚨Political Trade Alert🚨 Rep. John Rose has released a new financial disclosure. Highlights: Sold: $GOOGL Google $250k - $500k

NVIDIA, Palantir and Booz Allen Hamilton will limit use of ANTHROPIC models

*MICROSOFT SETS LIMITS FOR FUTURE AI MODELS: CNBC

🚨Political Trade Alert🚨 Rep. Thomas Kean Jr. has released a new financial disclosure. Highlights: $MTZ MasTec $1k - $15k Sold: $MSFT Microsoft $15k - $50k $GOOGL Google $1k - $15k $AMCR Amcor $1k - $15k

U.S. CRUDE FUTURES EXTENDED GAINS TO HIT A SESSION HIGH OF $104.95/BBL, HIGHEST LEVEL SINCE MID MAY

SAUDI OIL PIPELINE COULD BE DOWN FOR WEEKS Saudi Arabia’s East-West oil pipeline could remain largely offline for 3–5 weeks following last week’s drone attack, AP reports. The pipeline can carry up to 7 million barrels per day to the Red Sea, bypassing the Strait of Hormuz.

*CANADA INFLATION HOLDS AT 3.0% Y/Y IN AUGUST, MATCHES EST.

AI BOOM FUELS $110BN U.S. POWER BUILDOUT America’s data center boom will require $110 billion to add 45GW of power capacity through 2030, according to Moody’s. More than 30GW is expected to come from natural gas, requiring an extra 4 billion cubic feet of gas supply. Data

BIS WARNS AI-DRIVEN MARKET MOMENTUM IS BECOMING VULNERABLE The Bank for International Settlements says the AI-driven equity rally is showing growing vulnerability as investors question future profitability and leverage rises across major technology firms. BIS said tech-sector

QATAR OFFERS OIL FROM INSIDE STRAIT OF HORMUZ QatarEnergy has launched a tender to sell crude for October and November loading from Qatari ports located inside the Strait of Hormuz. The offer includes Al-Shaheen, Qatar Marine and Qatar Land crude in 500,000-barrel cargoes.

*GERMANY TO LOBBY EU ON NEW CHINA POLICY, MAY SEEK MORE TARIFFS

AI MARKET MOMENTUM HAS BEGUN TO SHOW GROWING SIGNS OF VULNERABILITY, BANK FOR INTERNATIONAL SETTLEMENTS SAYS

VIENNA- U.S. ENERGY SEC WRIGHT: TREND IN 7-DAY ROLLING AVERAGE OF OIL SHIPMENTS THROUGH HORMUZ IS RISING AND WILL CONTINUE TO RISE

*KIOXIA IS SAID TO CONSIDER RAISING $10 BILLION IN US LISTING

U.S. ENERGY SECRETARY WRIGHT: THERE ARE NO PLANS FOR URANIUM ENRICHMENT IN SAUDI ARABIA

CROWDSTRIKE $CRWD FILES FOR OFFERING OF UP TO 2.12M CLASS A SHARES BY A SELLING STOCKHOLDER Per an SEC filing. Shares in a selling stockholder offering are sold by an existing holder, so the company does not receive proceeds.

TRUMP VOWS $5,000 “DIVIDEND” FOR U.S. ADULTS President Donald Trump says his proposed $5,000 payment to U.S. adults “will happen,” arguing Americans deserve to benefit from what he described as trillions of dollars in economic development and investment. Trump did not provide

🚨Insider Trade Alert🚨! Insider McQUADE KATHRYN B. has purchased 1,500 shares in $MO ALTRIA GROUP, INC. worth $101,430.00 $MO current value: $68.92 Market: NYSE

PAYPAL $PYPL CEO ENRIQUE LORES MAPS OUT STANDALONE PLAN AFTER STALLED $50B-PLUS BUYOUT Stripe and Advent International offered about $60.50 a share earlier this summer, but no deal materialized with the sides far apart on price, per WSJ. Lores: "What we have done is to first

*UMICH PRELIM. SEPT. CONSUMER SENTIMENT FALLS TO 47.8; EST. 51

*UMICH 1-YR INFLATION EXPECTATIONS RISE TO 4.6% FROM 4.0%

HASSETT SAYS INFLATION IS “CLEARLY DECELERATING” White House economic adviser Kevin Hassett says inflation has clearly slowed over the past three months, while stressing that the Fed’s independence should be respected. Hassett added that Trump will likely have an opinion if the

SITUATIONAL AWARENESS ACTIVE IN OPTIONS MARKET: CNBC CITING SOURCES

IRAN CONFIRMS REGIONAL TALKS ON HORMUZ SHIPPING Iran’s Foreign Ministry confirmed a regional meeting will be held in Oman on Monday, involving Iran, Iraq and other Gulf states to discuss security and commercial shipping through the Strait of Hormuz. Tehran says the meeting will

IRAN PLANS REGIONAL MEETING WITH IRAQ AND OTHER REGIONAL COUNTRIES IN OMAN TO DISCUSS SAFE COMMERCIAL SHIPPING ROUTES IN STRAIT OF HORMUZ ON MONDAY - FOREIGN MINISTRY SPOKESPERSON

CHEVRON CEO MIKE WIRTH SAYS EARLY BUFFERS IN OIL MARKET HAVE "PLAYED OUT", PRICE RISK FROM IRAN WAR IS NOW HIGHER -CONFERENCE

HASSETT ON DIESEL PRICES: A MAJOR CONCERN FOR US RIGHT NOW

HASSETT: BIG ISSUE WITH DIESEL BECAUSE IT'S A REFINED PRODUCT

🚨Political Trade Alert🚨 Rep. Gilbert Cisneros has released a new financial disclosure. Highlights: $BSX Boston Scientific Corp $1k - $15k $KMX Carmax $1k - $15k $CRWD Crowdstrike $1k - $15k $MSFT Microsoft $15k - $50k Sold: $COIN Coinbase $1k - $15k $META Meta $1k - $15k

NASDAQ FUTURES EXTEND GAINS, LAST UP ABOUT 1%

US DATA: RECORD CELL PHONE PRICE JUMP BOOSTS CORE CPI August inflation data carried a hawkish signal as wireless phone service prices surged 5.9% — the largest increase on record. The jump alone added around 0.08 percentage points to core CPI and will also feed into core PCE.

US CORE INFLATION UPSIDE DRIVEN BY SUPERCORE The latest inflation details show the upside surprise was driven by supercore services, while core goods were softer than expected. Lodging was a notable upside outlier, while housing came in softer. Medical services and airfares

PUTIN: WEST IS RESORTING TO DIRECT DESTRUCTION OF FACILITIES AND PIPELINES IN AN EFFORT TO MAINTAIN ITS ECONOMIC LEADERSHIP

🚨 US CPI: Inflation Comes In Hotter Than Expected August US inflation data delivered a firmer-than-expected headline reading, adding another complication to the Federal Reserve outlook. Headline CPI rose 0.396% M/M on an unrounded basis, effectively 0.4%, compared with

🚨 US INFLATION ACCELERATES — FED HIKE RISK RISES US inflation picked up in August, strengthening the case for another Fed rate hike next week. Headline CPI rose 0.4% M/M and 3.4% Y/Y, while core CPI increased 0.3% M/M. Gasoline was a key driver, with oil back above $100/barrel

TRADERS NOW SEE ABOUT A 90% CHANCE OF A FED RATE HIKE NEXT WEEK, VS ABOUT 70% BEFORE THE INFLATION REPORT

*US AUG. CONSUMER PRICES RISE 3.4% Y/Y; EST. +3.4%

*US AUG. CORE CPI RISES 2.4% Y/Y; EST. +2.4%

*US AUG. CORE CPI RISES 0.3% M/M; EST. +0.2%

*US AUG. CONSUMER PRICES RISE 0.4% M/M; EST. +0.4%

OIL SET FOR 8% WEEKLY SURGE AS SUPPLY RISKS MOUNT Oil remains on track for an 8%+ weekly gain as Middle East attacks threaten key supply routes, despite Brent retreating to around $104 and WTI below $100 Friday. Reuters reports Saudi crude supply fell to a 30-year low of 6

HOUTHIS TEASE “LARGE-SCALE” MILITARY OPERATION The Houthis are expected to announce what they describe as a “large-scale and significant military operation” at 4 PM local time / 2 PM London. Details of the operation have not yet been disclosed, putting markets on alert for

IRAN ACCUSES IAEA OF HELPING JUSTIFY MILITARY ACTION Iran’s Foreign Ministry accused the IAEA and its Director General of politicizing technical nuclear assessments, claiming they have been used to build the case for military aggression against Iran. Spokesperson Ismail Baghaei

FED’S WARSH FACES INDEPENDENCE TEST Fed Chair Kevin Warsh faces a credibility test as markets weigh whether he will hike rates despite President Trump’s push for lower borrowing costs. Macquarie says Warsh could position himself as a “reluctant hawk”, but intensifying White

RUSSIA, INDIA EXPLORE DIGITAL CURRENCY TRADE SETTLEMENTS Russia and India’s central banks are working on a mechanism to use digital currencies for bilateral trade payments, according to Sberbank CEO Herman Gref. The initiative could enable faster cross-border settlements and

AI USED TO SUPPORT MISSILE DEVELOPMENT IN YEMEN Anthropic says it uncovered a northern Yemen-based group using Claude to assist with missile and rocket development, including guidance and navigation software. The group reportedly worked on a ballistic missile with a claimed

SATELLITE IMAGERY SHOWS SMOKE ON THURSDAY IN VICINITY OF SAUDI ARABIA'S EAST WEST OIL PIPELINE

U.S., MEXICO RACE FOR TRADE DEAL BEFORE MIDTERMS The U.S. and Mexico are pushing for an interim bilateral trade deal before the November elections, Reuters reports, after negotiations with Canada collapsed. Mexico is seeking relief from 50% steel tariffs and 25% auto tariffs,

GAMESTOP $GME CEO RYAN COHEN BUYS 1M SHARES FOR $20.4M - Shares purchased: 1,000,000 - Average price: $20.38 - Total: about $20.4M Cohen discloses an 8.5% beneficial stake, or 43.1M shares.

*BESSENT: GOING TO SANCTION A LARGE BANK ON MONDAY

COPART $CPRT TO ACQUIRE ACV $ACVA FOR $10.50 PER SHARE, EQUITY VALUE $1.90B The deal will be funded with cash on hand with no financing condition, and is expected to be accretive to Copart EPS in fiscal 2028 and beyond, per the company. Q4 results: - EPS: $0.35 vs $0.38 est,

ZUMIEZ $ZUMZ Q2 SALES $208.964M, EPS -$0.17 - Sales: $208.964M - EPS: -$0.17 - Net income: -$2.743M Q3 guidance: - Sales: $222-226M - EPS: $0.00-0.10

U.S. CONTAINER IMPORTS HIT THIRD-HIGHEST LEVEL EVER U.S. container imports reached 2.6 million TEUs in August, the third-highest monthly level on record, according to Descartes. Volumes rose 3% year-over-year and 22% versus August 2019, signaling resilient consumer demand

BRENT CRUDE FUTURES RISE BY $7 A BARREL AS US-IRAN CONFLICT INTENSIFIES

MUNI YIELDS SURGE TO HIGHEST SINCE APRIL 2025 U.S. 10-year municipal bond yields jumped to 3.62%, the highest since April 2025, tracking the Treasury selloff. JPMorgan says rising Treasury yields, heavy muni issuance and weak reinvestment demand are pressuring the market.

OPENAI LAUNCHES CHATGPT FOR WALL STREET OpenAI is launching ChatGPT for Financial Services, targeting investment bankers and equity researchers with integrated data from LSEG, PitchBook and Daloopa. Powered initially by GPT-6 Astra, the platform is designed to build research,

OPENAI: LAUNCHES CHATGPT FOR FINANCIAL SERVICES WITH GPT-6 ASTRA REASONING

*DRUCKENMILLER SAYS US BORROWING COSTS STILL ‘A LITTLE LOW’: FT

$NVDA - NVIDIA’S HUANG SEES CYBERSECURITY AS AI’S NEXT BIG MARKET Nvidia CEO Jensen Huang says cybersecurity will likely become AI’s next major use case, as AI-generated code accelerates both software development and vulnerabilities. Huang said rapidly evolving threats will

AMAZON $AMZN TO INVEST MORE THAN $230M IN WHOLE FOODS TEAM MEMBER PAY AND BENEFITS The spending covers the year ahead, per the company's website.

IRAN REBUILDING BALLISTIC MISSILE ARSENAL Iran has resumed production of ballistic missiles, using stockpiled components and underground facilities, according to U.S. and Middle Eastern officials cited by the WSJ. Despite heavy strikes on its missile infrastructure, Iran is

IRGC CLAIMS U.S. DRONE DESTROYED IN HORMUZ Iran’s IRGC Navy claims it destroyed a U.S. unmanned vessel at the entrance to the Strait of Hormuz, identifying it as hull number 5838. The IRGC also declared that Hormuz remains blocked and under Iranian control, warning that hostile

IRAN STRIKE DAMAGES U.S. WARPLANES IN JORDAN Iranian strikes on a U.S. base in Jordan damaged multiple American military aircraft, a U.S. official told Reuters. One A-10 lost a wing, while roughly eight F-15s sustained light damage and returned to service. The attack also

UBER $UBER CEO DARA KHOSROWSHAHI BUYS $10M IN STOCK - Shares purchased: 141,000 - Price: $70.964 - Total: $10,005,952

🚨Insider Trade Alert🚨! Chief Executive Officer KHOSROWSHAHI DARA has purchased 141,000 shares in $UBER Uber Technologies, Inc worth $10,005,952.20 $UBER current value: $71.22 Market: NYSE

U.S. AND MIDDLE EAST OFFICIALS SAID IRAN HAS RESUMED PRODUCING BALLISTIC MISSILES IN UNDERGROUND FACILITIES USING STOCKPILED COMPONENTS- WSJ

PENTAGON REJECTS AI “DOOMSDAY” WARNINGS Pentagon tech chief Emil Michael pushed back on warnings that AI could destroy humanity, calling fears of mass job losses and runaway AI part of a growing “doom loop.” Meanwhile, the Pentagon has already shifted 90% of its classified AI

TRUMP SITS DOWN FOR EXCLUSIVE INGRAHAM INTERVIEW President Donald Trump has given Laura Ingraham an exclusive interview, with Part One airing tonight at 7 PM ET on The Ingraham Angle. Fox’s current schedule confirms the program’s 7 PM ET slot.

IRAN-BACKED YEMEN'S HOUTHIS SPOKESPERSON SAYS FREEDOM OF NAVIGATION AND INTERNATIONAL TRADE IN RED SEA AND BAB EL-MANDEB STRAIT REMAIN SAFE AND UNINTERRUPTED

*TREASURY TWO-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 4.53%

*OPENAI SEEKS TO ENSURE MODELS CAN'T HARM GRID SECURITY:POLITICO

WALL STREET SEES 5% TREASURY YIELD RISK A Reuters poll found 17 of 31 bond strategists see the U.S. 10-year Treasury yield potentially hitting 5% within three months. The 10-year recently reached 4.86%, pressured by $100+ oil, inflation concerns and heavy government borrowing.

WHITE HOUSE: WILL ISSUE $500 OBAMACARE REFUNDS TO NEARLY 1 MILLION AMERICANS

MARKETS KALSHI LAUNCHES ‘PERPS’ FOR GOLD AND SILVER FOLLOWING CFTC APPROVAL, EXPANDING FUTURES OFFERINGS- CNBC

*US AUG. EXISTING HOME SALES AT 3.98M; EST. 3.98M *US AUG. EXISTING HOME SALES FALL 2% M/M; PREV. -1.7%

AI RESEARCHER ANDREW TULLOCH IS LEAVING META $META FOR ANTHROPIC Tulloch was offered a pay package worth as much as $1.5B with top bonuses and extraordinary stock performance, turned it down, then joined Meta a few months later for an undisclosed sum, per WSJ. He spent 11 years

ECB'S NAGEL: CONCERNED ABOUT RISE IN EURO-SCEPTIC PARTIES

D-MATRIX SAYS RAPTOR XPUS IN AN NVIDIA $NVDA MGX RACK ARE EXPECTED IN Q4 2027 The Raptor XPU platform is expected to tape out before the end of 2026, per the company. d-Matrix is also partnering with Astera Labs $ALAB within the Nvidia NVLink Fusion ecosystem to deliver custom

COMCAST $CMCSA AND FASTLY $FSLY PARTNER ON NEXT-GENERATION CONTENT AND APPLICATION DELIVERY The companies say the model is aimed at faster, more reliable streaming for Xfinity members.

🚨Political Trade Alert🚨 Rep. Maria Salazar has released a new financial disclosure. Highlights: $SPCX SpaceX $2k - $30k Sold: $IBM International Business Machine $2k - $30k $QCOM Qualcom $2k - $30k

🚨Political Trade Alert🚨 Rep. April McClain has released a new financial disclosure. Highlights: Sold: $BWXT BWX Tech $100k - $250k $ENTG Entegris $100 - $250k $LH Labcorp Holdings $102k - $280k

*US 30-YEAR YIELD RISES TO 5.34%, HIGHEST SINCE JUNE 2007

*US AUG. PRODUCER PRICES RISE 0.4% M/M; EST. +0.4% *US AUG. PRODUCER PRICES RISE 5.4% Y/Y; EST. +5.3% *US AUG. CORE PPI RISES 0.2% M/M; EST. +0.3% *US AUG. CORE PPI RISES 4.6% Y/Y; EST. +4.6%

*US AUG. PRODUCER PRICES RISE 5.4% Y/Y; EST. +5.3%

*US JOBLESS CLAIMS 206,000 IN SEPT. 5 WEEK; EST. 205K

DOLLAR/YEN EXTENDS RISE, UP AS MUCH AS 0.5% AT 154.3

*ECB RAISES INFLATION OUTLOOK FOR NEXT 2 YEARS; SEES 2.1% IN '28

ECB HIKES RATES 25 BPS AS INFLATION RISKS RISE The ECB raised rates by 25 basis points, taking the deposit rate to 2.50%, as the Middle East conflict keeps inflation pressures elevated. The ECB now sees inflation averaging 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028, with the

ECB SAYS INTEREST RATES ECB DECIDED TO RAISE THREE INTEREST RATES BY 25 BASIS POINTS

$AAPL - MORGAN STANLEY SEES “APPLE AI” BULL CASE STRENGTHENING Morgan Stanley analyst Erik Woodring maintains Overweight with a $360 price target, saying Apple’s latest launches represent a major step-up in innovation. He sees the iPhone Duo as Apple’s most innovative device in

TRUMP TOUTS “SOLD OUT” GOP MIDTERM CONVENTION President Donald Trump claimed the Republican Midterm Convention in Dallas drew record attendance and stronger overall viewership than the NFL. Trump said thousands were unable to enter the packed arena and announced he will return

HOUTHIS CLOSE IN ON KEY RED SEA CHOKEPOINT Iran-aligned Houthis have seized Yemen’s port city of Mocha and are pushing toward Dhubab and the Bab el-Mandeb Strait, according to Reuters sources. Control of the strategic waterway could allow the group to further disrupt global

US, IRAN PREPARE FOR PROTRACTED WAR Iran and the U.S. are reportedly preparing for a potentially prolonged conflict, with little sign of an imminent ceasefire or normalization of Middle East energy flows. Bloomberg reports Tehran remains committed to fighting and has rebuilt

$SPCX - UK DEEPENS SPACEX RELIANCE WITH $40 MILLION SATELLITE SPEND Britain has spent nearly $40 million on SpaceX satellite services, becoming the first country outside the U.S. to publicly acknowledge adopting Starshield. The UK military operates roughly 1,000 Starshield and

📅 PRESIDENT TRUMP — THURSDAY SCHEDULE 8:00 AM CT — Executive Time — Dallas 12:00 PM CT — Tours the National Medal of Honor Museum — Arlington 12:30 PM CT — Delivers remarks at the museum 5:15 PM CT — Participates in RNC Roundtable — Dallas 6:00 PM CT — Attends RNC Midterm

🇺🇸 WHAT TO WATCH TODAY — U.S. MARKETS 8:15 AM ET — 🇪🇺 ECB Rate Decision 8:30 AM ET — 🇺🇸 PPI + Jobless Claims 8:45 AM ET — 🇪🇺 Lagarde Press Conference 10:00 AM ET — 🏠 Existing Home Sales 10:30 AM ET — 🔥 EIA Natural Gas Storage 12:00 PM ET — 🛢️ EIA Oil Inventories 1:00 PM ET —

IRAN ORDERS TEMPORARY SUSPENSION OF 10% FREIGHT CHARGE ON FOREIGN VESSELS CARRYING ENERGY PRODUCTS TO OR FROM IRAN - FARS NEWS

WHITE HOUSE HESITATES ON COPPER TARIFFS The White House has not yet decided on refined copper tariffs, as officials weigh boosting U.S. production against higher manufacturing costs ahead of the midterms. Copper prices have already hit record highs as buyers stockpile supplies

TRUMP SEES IRAN WAR ENDING AFTER MIDTERMS President Donald Trump said he expects the Iran war to end after November’s U.S. midterm elections, while again threatening strikes on Iran’s Pickaxe Mountain nuclear site. Meanwhile, Iran and the U.S. intensified attacks on shipping,

NVIDIA $NVDA TO SUPPORT UP TO A 2-GIGAWATT AI INFRASTRUCTURE BUILDOUT IN AUSTRALIA BY 2027 The company says the expansion comes in partnership with Australia's data center ecosystem.

MULTIPLE EXPLOSIONS HEARD IN IRAN'S QESHM AND SIRIK - IRAN'S FARS

EXPLOSIONS HEARD ON IRAN’S QESHM ISLAND - IRAN'S STATE MEDIA

MILITARY AIDE ACCIDENTALLY DEPLOYED INFLATIBLE EMERGENCY SLIDE ON AIR FORCE ONE - PERSON FAMILIAR

TEMPUS $TEM SECURES UP TO $9.5M IN ARPA-H FUNDING FOR AUTONOMOUS AI IN CARDIOLOGY The award comes under ARPA-H's ADVOCATE program, per the company. ARPA-H announced its first batch of ADVOCATE awards today, naming Tempus alongside Atman Health, UpDoc, and teams from Stanford,

DELL $DELL CEO SAYS PC REPLACEMENT DEMAND WILL COME AS OLDER MACHINES REACH A BREAKING POINT Michael Dell also says AI is opening up "enormous" development capacity, massively accelerating new features and capabilities, per the Goldman Sachs conference.

🚨Insider Trade Alert🚨! Insider TEAGUE AJ has purchased 7,800 shares in $SEI Solaris Energy Infrastructure, Inc. worth $500,994.00 $SEI current value: $68.18 Market: NYSE

TRUMP ON IRAN: NEGOTIATION COULD HAPPEN

TRUMP ON IRAN: WE'RE NOT LOOKING FOR A DEAL

TRUMP ON IRAN: I'M DOING MUCH MORE THAN A NUCLEAR DEAL

TRUMP ON IRAN: WAR IN IRAN WILL END IMMEDIATELY AFTER ELECTION

*TRUMP ON GASOLINE PRICE: IT WILL TAKE A LITTLE BIT LONGER

TRUMP: GREAT CONVERSATION WITH RUSSIA'S PUTIN

APPLE $AAPL DETAILS IPHONE DUO CAMERA SYSTEM - 48MP Fusion main camera with zero shutter lag, 2x optical-quality telephoto, large sensor, fast aperture, and sensor-shift optical image stabilization - 48MP Fusion ultra-wide, the same camera in the iPhone 18 Pro - 4K 120 video,

APPLE $AAPL IPHONE DUE DETAILS: - Opens to a 7.6-inch Super Retina XDR display, 50% larger than the iPhone 18 Pro Max - Outer display: 5.4 inches - Thinnest iPhone ever when open, per the company - Supports multiple apps at once in separate windows - Can be used partially folded

TRUMP PROPOSES MAJOR OVERHAUL OF U.S. CENSUS The Trump administration proposed limiting the 2030 census to U.S. citizens and permanent residents, excluding undocumented and temporary lawful immigrants. The proposal would also remove race and ethnicity questions from the census.

APPLE SAYS IPHONE DUO CAN BE USED PARTIALLY FOLDED - EVENT

APPLE INC.: APPLE IPHONE DUO OUTER DISPLAY WILL BE 5.4 INCHES - EVENT

APPLE: IPHONE DUO OPENS TO A 7.6-INCH SUPER RETINA XDR DISPLAY THAT IS 50% LARGER THAN IPHONE 18 PRO MAX - EVENT

APPLE INC.: SAYS IPHONE DUO WHEN OPEN IS THINNEST IPHONE EVER- EVENT

APPLE $AAPL ANNOUNCES ITS FIRST FOLDABLE IPHONE, NAMED IPHONE DUO

APPLE $AAPL PRICES WATCH SERIES 12 AT $399 AND WATCH ULTRA 4 AT $799 Both hold their prior prices. Pre-orders open today, with availability September 18.

APPLE $AAPL ANNOUNCES APPLE WATCH SERIES 12 AND ULTRA 4, INTRODUCES AUDIO INTELLIGENCE Audio Intelligence brings sound recognition to Apple Watch. - Live Rewind transcribes the last 15 seconds of audio - Siri Recap summarizes conversations - Apple says the features do not

APPLE INC.: IPHONE 18 PRO STARTS AT $1,199 - EVENT APPLE IPHONE 18 PRO MAX STARTS AT $1,299 - EVENT

APPLE $AAPL INTRODUCES "APPLE REFERENCE IMAGE" STANDARD TO PROVE PHOTO AUTHENTICITY AT CAPTURE The company says it will also support the SynthID standard for identifying AI-generated or edited images. Reference Image will not be available in the EU or China. - iPhone 18 Pro

SPAIN’S SPY AGENCY WARNED AHEAD OF CEUTA MIGRANT SURGE Spain’s CNI intelligence agency warned Madrid and Moroccan authorities one day before more than 70,000 migrants crossed into Ceuta, newly declassified documents show. The CNI flagged social-media groups with 180,000

APPLE SAYS IPHONE 18 PRO MAX HAS THE LARGEST INCREASE IN BATTERY LIFE EVER ON IPHONE - EVENT

APPLE $AAPL ANNOUNCES IPHONE 18 PRO AND IPHONE 18 PRO MAX The A20 Pro has a six-core CPU with two "desktop class" super cores and four efficiency cores, and uses custom packaging similar to Mac chips to improve thermal performance, per the company. Apple says the updated Siri

APPLE: A20 PRO CHIP HAS SEVEN GPU CORES - EVENT

APPLE ANNONCES A20 PRO CHIP BASED ON 2NM TECHNOLOGY - EVENT

APPLE: UPDATED SIRI WILL NOT BE AVAILABLE IN EU AND CHINA – EVENT

APPLE: APPLE INTELLIGENCE IS NOT AVAILABLE IN CHINA - EVENT

FEW MIN TILL APPLE $AAPL EVENT. WHAT DO YOU WANT TO SEE?

COPPER HITS RECORD AS GLOBAL SUPPLIES TIGHTEN Copper hit a fresh record of $14,802.50 a ton, as tight supplies outside the U.S. outweighed concerns over Middle East tensions and slowing growth. LME copper has surged about 25% since March, driven partly by large metal flows into

$AAPL - APPLE SLIPS AHEAD OF EXPECTED FOLDABLE IPHONE LAUNCH Apple shares fell 1.1% to $312.65 ahead of its first launch event under CEO John Ternus. Markets expect Apple to unveil its first foldable iPhone, potentially its biggest design overhaul since 2017. Analysts say the

IRAN WARNS OF ESCALATION AS U.S. CONFLICT INTENSIFIES An Iranian official says Tehran is prepared for a more intense war with the U.S. if necessary, according to Bloomberg headlines shown in the report. The official said Iran would escalate strikes in response to U.S. attacks.

RESEARCHERS SAY OPENAI AGENTS BYPASSED WEB RESTRICTIONS Independent researchers say OpenAI AI agents used more than 10 websites for unauthorized communications, bypassing restrictions that were intended to limit them to reading the web. Some investigators identified activity

MICROSOFT $MSFT, AFT, AND UFT ANNOUNCE A NATIONAL AI SAFETY AND PRIVACY STANDARD FOR SCHOOLS The agreement bars tech companies from using student data to train AI, prohibits tracking students, and requires human oversight on any AI decision, per the companies. It also requires

KUWAIT OFFERS OIL TRANSFERS OUTSIDE HORMUZ Kuwait Petroleum Corp is offering ship-to-ship transfers of crude oil and refined fuels outside the Strait of Hormuz as buyers avoid ports inside the waterway due to U.S.-Iran war risks. KPC says vessels will continue passing through

NORTHWESTERN MUTUAL: HOT CPI COULD TRIGGER FED HIKE Northwestern Mutual’s Matt Stucky says hotter-than-expected inflation could increase the chances of a Fed rate hike this month. Markets currently see roughly a 50-50 chance of a hike. Friday’s core CPI is expected to rise

$AAPL - APPLE SET TO UNVEIL $2,000+ FOLDABLE IPHONE Apple is expected to unveil its first foldable iPhone Wednesday, marking new CEO John Ternus’ first major product launch. The device could cost more than $2,000, making it Apple’s most expensive handset yet. IDC expects Apple

🚨Political Trade Alert🚨 Rep. Tim McCaul has released a new financial disclosure. Highlights: $PG Procter & Gamble $1k - $15k

AI BOOM DRIVES S&P 500 EARNINGS HIGHER S&P 500 earnings estimates are rising sharply, fueled by AI investment and stronger-than-expected corporate results. About 86% of companies beat analyst expectations, the highest share since 2021. Wall Street now expects 32% earnings

CENTRAL BANKS FOCUS ON FUEL PRICES AS INFLATION RISK Central banks are increasingly watching refining margins, or “crack spreads,” as fuel shortages push gasoline and diesel prices higher. Bank of England Governor Andrew Bailey said refined fuel prices may provide a better

KREMLIN: UNITED STATES SHOULD HALT ANY AID TO KYIV FOR THE MILITARY ACTIONS TO STOP

GERMAN 2-YEAR YIELDS RISE AS MUCH AS 7.2 BPS TO 3.052%, SET FOR BIGGEST ONE-DAY INCREASE SINCE EARLY JULY

TWO-YEAR U.S. TREASURY YIELDS RISE TO 4.4253%, HIGHEST SINCE JANUARY 2025

U.S. BANK LAUNCHES ITS OWN STABLECOIN U.S. Bank has successfully tested USBDC, its proprietary dollar-backed stablecoin, in a live cross-border payment between its North American and European operations. The transaction ran on the Stellar blockchain while remaining integrated

IRGC: WE WILL HIT 20 TARGETS FOR EVERY 2 OR 3 STRUCK Iran’s Revolutionary Guards warned they would respond forcefully to further attacks, saying every two or three Iranian targets hit could trigger strikes on 20 enemy targets. The IRGC also demanded an end to hostilities, an

US MORTGAGE DEMAND FALLS AS RATES HIT 6.85% US mortgage applications fell 2.7% last week, according to the Mortgage Bankers Association. Refinancing applications dropped 6.2%, while home-purchase applications slipped 0.2%. The average 30-year mortgage rate rose six basis

IRAN EXPANDS MARITIME RESTRICTED ZONE Iran’s Revolutionary Guards said a new maritime restricted zone will extend from Chabahar into parts of the Gulf of Oman and Arabian Sea, with exact coordinates to be announced. The move follows Tehran’s earlier plans to establish

IRAN SAYS SHIPS PASSING RESTRICTED HORMUZ ZONE FACE SANCTIONS

🚨Insider Trade Alert🚨! Insider HARSHMAN RICHARD J has purchased 5,000 shares in $KMT KENNAMETAL INC worth $151,050.00 $KMT current value: $30.75 Market: NYSE

TRUMP MOVES TO RESTRICT CANADIAN PRODUCTS FROM U.S. PROCUREMENT President Donald Trump directed the GSA and USTR to remove Canadian-origin products from federal procurement schedules unless Canada provides greater access to U.S. companies and farmers. Trump accused Canada of

IRAN'S STATE BROADCASTER IRIB: U.S. ATTACKED SECOND OIL TANKER NEAR WATERS OF JASK

CITIGROUP $C TO OFFER INSTANT CROSS-BORDER PAYMENTS FOR JAPANESE FIRMS VIA BLOCKCHAIN The bank will offer overseas remittance services for Japanese companies using blockchain-based tokenized deposits as early as this year, per Nikkei. Citi is among the 21 firms that announced

BLOCK $XYZ APPLIES TO ESTABLISH BUILDERS BANK & TRUST AS AN UNINSURED NATIONAL TRUST BANK If approved, Builders Bank would provide custody services for bitcoin and stablecoins. The bank will not commence operations until OCC approval, per the company.

BRAZE $BRZE Q2 REVENUE $227.23M VS $219.9M EST • Revenue: $227.23M vs $219.9M est, beat • EPS: -$0.17 • Gross profit: $151.856M • Operating income: -$18.123M • Net income: -$18.308M Q3 guidance: • Revenue: $229-230M vs $227.8M est • Adj EPS: $0.13-0.14 vs $0.16 est •

MISSION PRODUCE $AVO Q3 REVENUE $450M VS $367.5M EST • Revenue: $450M vs $367.5M est, beat • Adj EPS: $0.18 vs $0.12 est, beat • Adj EBITDA: $32.4M vs $29.4M est, beat • Adj net income: $15M • EPS: -$0.08 • Gross profit: $44.7M • Pretax profit: -$5.2M

CHIME $CHYM TO ACQUIRE STRIDE BANK FOR $590M IN CASH The company says the deal is immediately accretive to EPS with over $100M in net synergies, funded from cash on the balance sheet with no incremental capital contribution. Q3 guidance: • Revenue: $705M • Adj EBITDA:

SERVICETITAN $TTAN Q2 REVENUE $292.8M VS $286M EST • Revenue: $292.8M vs $286M est, beat • EPS: -$0.26 • Gross profit: $209.069M • Income from operations: -$27.6M • Net income: -$24.921M

IRAN'S JOINT MILITARY COMMAND SAYS IT WILL 'HEAVILY TARGET' U.S. INTERESTS IN THE MIDDLE EAST IF IRANIAN VESSELS ARE ATTACKED - STATE MEDIA

REDDIT $RDDT CEO SAYS THE COMPANY SEES A FEW HUNDRED THOUSAND UNATTRIBUTED NEW APP DOWNLOADS DAILY Steve Huffman also says 1 billion new posts and comments were created last quarter, about 4% of the corpus, per the Goldman Sachs conference. That share implies a total corpus of

*OPENAI CFO SAYS ENTERPRISE BUSINESS HAS BEEN 'ON A TEAR': CNBC

QUALCOMM $QCOM CFO SAYS HIGHER MEMORY PRICES HAVE HAD LIMITED IMPACT ON THE PREMIUM SMARTPHONE MARKET The CFO also says the company expects to be the largest chip supplier to the automotive industry next year.

QUALCOMM $QCOM CFO SAYS THE AMAZON DEAL SETS UP STRONG YEAR-OVER-YEAR REVENUE GROWTH FROM FY2027 TO FY2028

IRAN'S TASNIM NEWS AGENCY CITING IRGC: IRAN DESTROYS A U.S. MQ1 DRONE OVER THE STRAIT OF HORMUZ; NO U.S CONFIRMATION

IRGC CLAIMS CAPTURE OF U.S. UNMANNED SUBMARINE Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy claims it captured a U.S. unmanned submarine near the entrance to the Strait of Hormuz. The IRGC said the operation relied on intelligence and operational planning, describing

PUTIN TOLD TRUMP RUSSIA HAS NO HOSTILE PLANS TOWARDS EUROPE - KREMLIN

U.S. DEFENSE OFFICIAL: WE MUST BE PREPARED FOR A PROTRACTED CONFLICT IN UKRAINE

🚨Political Trade Alert🚨 Rep. Tony Wied has released a new financial disclosure. Highlights: $CRM Salesforce $30k - $100k $HUBS Hubspot $15k - $50k Sold: $TTD TradeDesk $15k - $50k $UPST Upstart Holdings $15k - $50k

🚨Political Trade Alert🚨 Rep. David Taylor has released a new financial disclosure. Highlights: $AEP American Electric Power $2k - $30k $AVGO Broadcom $2k - $30k Sold: $MSFT Microsoft $1k - $15k

ATHA ENERGY CONTINUES STREAK AT ANGILAK URANIUM PROJECT, INTERSECTING URANIUM IN 7 FOR 7 HOLES AT RIB NORTH: PRELIMINARY RESULTS

🚨Political Trade Alert🚨 Rep. Gilbert Cisneros has released a new financial disclosure. Highlights: $ACN Acenture $1k - $15k $AMD Advanced Micro Devices $1k - $15k $MRVL Marvell $1k - $15k $MSFT Microsoft $1k - $15k $PLTR Palantir $1k - $15k $NVDA Nvidia $1k - $15k Sold:

IRAN'S STATE MEDIA CITING ARMY SAYS U.S. DRONE DOWNED OVER BANDAR ABBAS; NO U.S. CONFIRMATION

🚨Insider Trade Alert🚨! See Remarks Macdonald Andrew has purchased 70,000 shares in $UBER Uber Technologies, Inc worth $5,308,063.68 $UBER current value: $75.76 Market: NYSE

KREMLIN SPOKESPERSON: RUSSIA'S AIM IS NOT DE-DOLLARISATION

IRAN ACCUSES CANADA OF BOWING TO U.S. PRESSURE Iranian Foreign Ministry spokesman Esmaeil Baghaei accused Canada of yielding to U.S. “intimidation” after Ottawa criticized Tehran over regional security and freedom of navigation. Baghaei said Canada was supporting what Iran

OPENAI’S TOP SCIENTIST WARNS AI MAY BE MOVING TOO FAST OpenAI chief scientist Jakub Pachocki is calling for “extreme caution” as AI capabilities rapidly advance. He warns that models could soon improve themselves without human intervention, making them increasingly difficult to

TRUMP WANTS TO RENAME NEW MEXICO “NEW AMERICA” President Trump has called for New Mexico to be renamed “New America,” sharing several altered maps on social media. New Mexico Governor Michelle Lujan Grisham rejected the idea, saying the state’s historic name “isn’t up for

TRUMP CALLS FOR BAN ON BOMBARDIER SALES IN US President Trump called for Bombardier sales in the US to stop, accusing Canada of unfairly restricting American companies, including Gulfstream Aerospace. He argued that Bombardier depends heavily on American customers while Canada

TRUMP: NO MORE SELLING BOMBARDIER IN UNITED STATES

IRAN’S OIL REVENUES COLLAPSE AS BLOCKADE TIGHTENS Iran’s oil income is rapidly shrinking as a US naval blockade restricts exports and offshore stockpiles fall. Iranian crude stored outside the Gulf has dropped from 90 million to 29 million barrels, while shipments to China are

COPPER SURGES TO ALL-TIME HIGH Copper hit a record $14,533 a ton on the London Metal Exchange, fueled by fears of potential US tariffs on refined copper imports. Prices have jumped 17% over the past year, supported by tight mine supply and rising demand from data centers,

HUNTER BIDEN TO LAUNCH solana:9fEX8cjAyYLxUEX6E7TqwPKHXbqs9ANFKtTAeibzFYD8 MEME COIN ON SEPTEMBER 9 The token will trade under the ticker solana:9fEX8cjAyYLxUEX6E7TqwPKHXbqs9ANFKtTAeibzFYD8 and launch on Base, the chain built by Coinbase $COIN, per WSJ. Token structure, per

HUNTER BIDEN TO LAUNCH $LAPTOP MEME COIN, SOURCES SAY -- WSJ HUNTER BIDEN'S $LAPTOP MEME COIN TO LAUNCH SEPT. 9 ON COINBASE-AFFILIATED BLOCKCHAIN, SOURCES SAY -- WSJ HUNTER BIDEN, FOUNDERS OF $LAPTOP TO HOLD 30% OF 1B TOKENS ISSUED, SOURCES SAY -- WSJ ANOTHER $LAPTOP ALLOTMENT

IRAN ACCUSES U.S. OF CAUSING HORMUZ DISRUPTION Iranian Foreign Ministry spokesman Esmaeil Baqaei accused the U.S. of starting the conflict and expecting other countries to bear its economic costs. Baqaei said the Strait of Hormuz was open before the war, blaming Washington for

U.S. ENVOY WITKOFF SAYS HE FEELS GOOD ABOUT PEACE TALKS IN MOSCOW AND KYIV

*GERMAN FAR-RIGHT AFD SET TO WIN STATE VOTE, SHORT OF MAJORITY

IRGC SAY THEY ATTACKED U.S. AIRCRAFT CARRIER AND DESTROYER WITH BALLISTIC MISSILES; NO U.S. CONFIRMATION

RUSSIA'S DMITRIEV CALLS U.S. ENVOYS' TRIP TO MOSCOW 'IMPORTANT PEACEMAKING VISIT' - POST ON X

BLOOM ENERGY $BE, ILLUMINA $ILMN, AND EVERPURE SET TO JOIN THE S&P 500 Per S&P Dow Jones Indices. S&P 100 changes, effective September 21: - Added: Dell Technologies $DELL, Palo Alto Networks $PANW, Arista Networks $ANET, SanDisk $SNDK - Removed: Honeywell Aerospace, Nike $NKE,

ANTHROPIC NEAR AWARDING MORGAN STANLEY $MS AND GOLDMAN SACHS $GS TOP ROLES IN $2T IPO The company is on track to unveil the paperwork underpinning the listing as soon as next week, per FT. Anthropic confidentially filed a draft S-1 with the SEC on June 1, following a $65B

STANLEY BLACK & DECKER $SWK TO SELL EXCEL INDUSTRIES TO BAD BOY MOWERS The company says the deal is not expected to be dilutive to adjusted EPS, per the announcement.

JAPAN TURNS TO AI SATELLITES FOR FASTER DEFENSE RESPONSE Japan plans to develop AI-powered satellites to speed up military counterstrike decisions, Nikkei reports. The Defense Ministry will work with Japanese companies to build test satellites between fiscal 2027 and 2029.

JAPAN PLANS AI-POWERED SATELLITES TO SPEED COUNTERSTRIKE DECISIONS - NIKKEI

TRUMP CALLS FOR LOWER RATES AFTER JOBS BEAT President Trump hailed the addition of 162,000 U.S. jobs in August, saying the figure smashed expectations. He urged the Federal Reserve to cut interest rates, arguing America’s stronger economy deserves the world’s lowest rates.

INFLATION TAKES CENTER STAGE AFTER STRONG JOBS REPORT BlackRock’s Jeff Rosenberg says strong August jobs data shifts attention to next week’s CPI report and the Fed’s September rate decision. Payrolls rose 162,000, beating forecasts and pushing Treasury yields higher.

RUSSIAN ATTACK HITS UKRAINE'S SBU SECURITY SERVICE HEADQUARTERS IN KYIV, ZELENSKIY SAYS ATTACK TARGETED CABINET OF SBU HEAD, ZELENSKIY SAYS

🚨Political Trade Alert🚨 Rep. Jonathan Jackson has released a new financial disclosure. Highlights: Sold: $VSAT ViaSat $1k - $15k

SPOT SILVER FALLS OVER 3% TO $64.78/OZ

SMOKE IS RISING IN CENTRAL KYIV AFTER RUSSIAN DRONE ATTACK - REUTERS WITNESS

US 2-YEAR YIELD RISES TO 4.416%, HIGHEST SINCE JANUARY 2025

GOLD FUTURES FALL AS U.S. PAYROLLS RISE MORE THAN EXPECTED

US JOBS BLOW PAST EXPECTATIONS 🔸August Nonfarm Payrolls: +162K vs +55K expected — a major upside surprise. 🔸Unemployment: 4.1%, unchanged 🔸Wages: +0.3% MoM / +3.1% YoY 🔸Participation rate: 61.6% 🔸Biggest gains: Food services +59K, local government education +42K.

TWO-YEAR U.S. TREASURY YIELDS LAST UP 7.18 BASIS POINTS AT 4.406%

RATE-FUTURES TRADERS ADD TO BETS ON A SEPTEMBER FED RATE HIKE AFTER BIGGER-THAN-EXPECTED AUGUST JOBS GAIN

US AUG. NONFARM PAYROLLS RISE 162,000 M/M; EST. +55K US AUG. UNEMPLOYMENT RATE 4.1%; EST. 4.1% US AUG. TWO-MONTH PAYROLL NET REVISION ADDS 55,000

US JOBS SMASH EXPECTATIONS August nonfarm payrolls surged +162K, crushing the +53K consensus. Unemployment held at 4.1%, in line with expectations. Private payrolls rose +127K, while government added +35K. Hourly earnings increased +0.27% MoM / +3.09% YoY. Labor-force

US LABOR AUG NONFARM PAYROLLS +162K; CONSENSUS +53K

CITADEL EYES U.S. OIL ASSETS Citadel has held talks to acquire U.S. oil production assets, potentially expanding further into physical commodities. The firm reportedly bid for WildFire Energy, which Magnolia ultimately acquired for $4.06B, and has discussed other oil-focused

HEDGE FUND GIANT CITADEL IS LOOKING TO BUY US SHALE OIL PRODUCTION ASSETS, SOURCES SAY

WTI SLIPS AS US-IRAN TENSIONS EASE WTI crude is lower as markets digest a quieter night with no new reported U.S.-Iran attacks. Despite Friday’s pullback, oil is heading for its biggest weekly gain since July. Washington says it wants to avoid broader conflict, but tensions

$NVDA - NVIDIA: NEEDHAM STAYS BULLISH AFTER $12.9B HUGGING FACE DEAL Needham reiterated its Buy rating on NVIDIA with a $300 price target following its planned $12.93B acquisition of Hugging Face. NVIDIA intends to keep Hugging Face an open, hardware-agnostic platform. The

IRAN: OMAN, QATAR & PAKISTAN PUSH FOR DE-ESCALATION Pakistan, Qatar and Oman remain in contact with Iran and the U.S. to ease tensions, a diplomatic source told Al Arabiya English. Iranian Foreign Minister Abbas Araghchi also recently held talks with Pakistan’s army chief Asim

MORGAN STANLEY: FED TO HOLD DESPITE WARSH’S HAWKISH TONE Morgan Stanley expects the Fed to keep rates unchanged, despite Chair Kevin Warsh’s hawkish Jackson Hole speech. The bank forecasts August core CPI at +0.23% MoM and core PCE at +0.20%, supporting patience. PCE revisions

IRAN ARMY SAYS TARGETING ISRAEL 'FAR EASIER' THAN BEFORE: TV

OPENAI AGENTS REPORTEDLY ESCAPED TEST ENVIRONMENT OpenAI agents reportedly escaped a test environment in May, took control of a German website and discussed ways to cheat on tasks. Sources say OpenAI officials knew about the incident but did not disclose it, while its legal

U.S. MILITARY BLOCKS AD TRACKERS OVER SECURITY FEARS The U.S. military has disabled advertising identifiers across many phones and computers amid concerns that commercial location data could expose troops. The move follows reports that such data was used to target U.S. forces

anyone got the tesla $TSLA live stream link?

🚨Insider Trade Alert🚨! President & CEO Barber James J. has purchased 84,500 shares in $VSTS Vestis Corp worth $1,045,383.30 $VSTS current value: $12.54 Market: NYSE

ADOBE $ADBE NAMES ANIL CHAKRAVARTHY PRESIDENT AND CEO, EFFECTIVE DECEMBER 1 Shantanu Narayen becomes executive chair on the same date, per the company. Narayen has been Adobe's CEO since 2007. Chakravarthy joined Adobe in 2020 from Informatica, where he was chief executive.

SMITH & WESSON $SWBI Q1 SALES $112.6M, EPS $0.06 - Sales: $112.6M - EPS: $0.06 - Gross margin: 28.7%

SAMSARA $IOT Q2 REVENUE $508.4M VS $483.3M EST - Revenue: $508.4M vs $483.3M est, beat - Adj EPS: $0.20 vs $0.16 est, beat - Gross profit: $392.6M - Adjusted gross margin: 78% - Adj operating margin: 21% Q3 guidance: - Revenue: $514-516M vs $509.7M est - Adj EPS: $0.18-0.19 vs

UIPATH $PATH Q2 REVENUE $410M VS $397.9M EST, NAMES NEW CFO - Revenue: $410M vs $397.9M est, beat - Adj EPS: $0.15 vs $0.15 est, in line - ARR: $1.938B - Gross margin: 80% - Adjusted gross margin: 82% - Adj operating income: $89M Q3 guidance: - Revenue: $440-445M The company

ASANA $ASAN Q2 REVENUE $216.4M VS $214.1M EST - Revenue: $216.4M vs $214.1M est, beat - Adj EPS: $0.10 vs $0.09 est, beat - Adj net income: $23.8M vs $20.7M est, beat - Adj operating income: $21.8M vs $19.2M est, beat - EPS: -$0.17

PLANET LABS $PL Q2 REVENUE $116.052M VS $104.1M EST - Revenue: $116.052M vs $104.1M est, beat - Adj EPS: $0.02 vs -$0.02 est, beat - EPS: -$0.03 - Gross profit: $65.632M - Gross margin: 57% - Adjusted gross margin: 59% - Operating expenses: $79.141M - Net income: -$9.353M FY

BWX TECHNOLOGIES $BWXT AWARDED CONTRACT TO DESIGN FIRST MODULE OF NNSA LITHIUM PROCESSING FACILITY The award comes from the Department of Energy's National Nuclear Security Administration, per the company. The facility is planned for the Y-12 National Security Complex in Oak

VANCE: WOULD NOT CALL IT A WAR IN IRAN

U.S. VICE PRESIDENT VANCE: WE BELIEVE FED SHOULD LOWER RATES

TRUMP: I DID THE RIGHT THING ON IRAN

TRUMP: I JUST WANT THE WAR ENDED IN UKRAINE

OPENAI INTRODUCES GPT-6 ASTRA AT $10 PER MILLION INPUT TOKENS The model rolls out today to enterprise customers with Daybreak access, and over the coming days to all Plus, Pro, Business, and Enterprise users, plus the OpenAI API and AWS $AMZN, per the company. - API standard

U.S. STOCKS EXTEND GAINS, S&P 500 UP 1.00 PCT

SPOT SILVER RISES 3% TO $67.36/OZ

BANNED CHINESE AIR BAG INFLATOR KILLS 11TH PERSON IN THE UNITED STATES -- NHTSA

U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%

Trump on Truth Social: 'We Have Virtually Unlimited Amounts of Mid to High-Grade Ammunition, Far More Than We Could Ever Use for This, or for Any Other War'

*TRUMP: US PRODUCING MUNITIONS AT LEVELS NEVER SEEN BEFORE

ANTHROPIC: INVESTIGATING CLAUDE ERRORS, WORKING ON FIX

CANADA PM CARNEY: READY TO SIT DOWN AND STRIKE A TRADE DEAL WITH U.S. WHEN WASHINGTON IS READY

US AUG. ISM SERVICES PMI RISES TO 55.4 FROM 54.1; EST. 54.1

PAYPAL $PYPL CUTS 220 JOBS IN INDIA AS PART OF GLOBAL RESTRUCTURING PLAN, SOURCE SAYS

US AUG FINAL SERVICES PMI 56.5 (56.8 FLASH, 54.6 JUL) US AUG FINAL COMPOSITE PMI 56.0 (56.0 FLASH, 54.5 JUL)

CHINA AND RUSSIA PUSH FOR DEEPER INVESTMENT TIES China is ready to expand investment cooperation with Russia, focusing on manufacturing, infrastructure, green industries and the digital economy. Vice Premier Ding Xuexiang called for faster implementation of key projects and

🚨Political Trade Alert🚨 Rep. Michael Rulli has released a new financial disclosure. Highlights: $EQIX Equinix Inc. $1k - $15k Sold: $ALL Allstate $1k - $15k

🚨Political Trade Alert🚨 Rep. John McGuire has released a new financial disclosure. Highlights: $NVDA Nvidia $1k - $15k Sold: $AAPL Apple $1k - $15k

🚨Political Trade Alert🚨 Rep. Cleo Fields has released a new financial disclosure. Highlights: $AAPL Apple $1k - $15k

FED'S WALLER SAYS MORTGAGE RATES, AUTO LOAN RATES ARE NOT LOW FED'S WALLER SAYS 'LOOSE FINANCIAL CONDITIONS' IS REALLY A REFLECTION OF STOCK PRICES

FED'S WALLER SAYS WILLING TO SIT AND WAIT AND BE PATIENT FED'S WALLER SAYS IF THAT REVERSES IN AUGUST WILLING TO PULL TRIGGER ON RATE HIKE

FED'S WALLER SAYS WE SHOULD START SEE SOME LOWER NUMBERS ON INFLATION, EXPECT A REASONABLE CPI

FED'S WALLER SAYS WITH CPI AND PPI IN HAND, HAVE A PRETTY ACCURATE VIEW OF PCE INFLATION

SPOT GOLD EXTENDS GAINS, RISES NEARLY 2% TO $4,472.85/OZ

*YEN EXTENDS GAINS TO 2% VERSUS DOLLAR, STRONGEST SINCE AUG. 3

U.S. SHORT-TERM INTEREST RATE FUTURES JUMP AFTER WALLER SAYS HE'D SUPPORT HOLDING POLICY RATE STEADY IF AUGUST INFLATION DATA EXTENDS RECENT PROGRESS

FED’S WALLER LEANS TOWARD SEPTEMBER HOLD Fed Governor Christopher Waller is inclined to keep rates unchanged at the September 15-16 meeting if August inflation confirms recent disinflation progress. However, a hotter inflation report could prompt him to support a rate hike,

US JOBLESS CLAIMS +2K TO 206K IN AUG-29 WK; SURVEY 205K US AUG-22 WEEK CONTINUING CLAIMS +8K TO 1,779,000 US AUG-22 WEEK JOBLESS CLAIMS REVISED TO 204K

DOLLAR/YEN EXTENDS FALL, NOW DOWN 1.75% AT 155.9

$NVDA - NVIDIA TO ACQUIRE HUGGING FACE IN $11.9BN DEAL Nvidia has agreed to acquire Hugging Face in a deal valued at about $11.9 billion for shareholders. Hugging Face will remain an open AI platform. Nvidia also plans up to $1 billion in employee retention awards. The deal

TRUMP CORRECTS LUTNICK ON IRAN WAR DEATHS President Trump publicly corrected Commerce Secretary Howard Lutnick after he claimed no U.S. forces had died in the Iran war. “18 people were killed in Iran!” Trump wrote, saying Lutnick had confused Iran with Venezuela. Lutnick made

TRUMP’S THURSDAY SCHEDULE 🔸8:00 AM — Executive Time 🔸11:00 AM — Intelligence Briefing 🔸12:30 PM — Policy Meeting, Oval Office 🔸1:00 PM — Vice President JD Vance holds an on-camera press briefing 🔸3:00 PM — Policy Meeting, Oval Office 🔸5:00 PM — Signing Time, Oval Office

HSBC HIKES TREASURY YIELD FORECASTS HSBC raised its U.S. Treasury yield forecasts as the Fed outlook turns more hawkish. The bank still expects rates to remain unchanged, but now sees a near-even chance of a 25bp September hike. HSBC forecasts 2-year yields at 4.20% and

PUTIN: TRUMP IS READY FOR POSITIVE AND CONSTRUCTIVE WORK

BROADCOM $AVGO CEO SEES AI REVENUE DOUBLING TO $115B IN FY27 AND $230B IN FY28 Hock Tan says the company has secured the supply to double AI revenue to about $115B in 2027, with line of sight for fiscal 2028 AI semiconductor revenue to double again to $230B, per the earnings

BROADCOM $AVGO CEO SEES AI REVENUE DOUBLING TO $115B IN FY27 AND $230B IN FY28 Hock Tan says the company has secured the supply to double AI revenue to about $115B in 2027, with line of sight for fiscal 2028 AI semiconductor revenue to double again to $230B, per the earnings

BROADCOM $AVGO RAISES FY26 AI REVENUE GUIDANCE TO $58B, UP 186% YEAR-OVER-YEAR CEO Hock Tan says the company began production shipments of the next-generation TPU version 8i for Google $GOOGL during the quarter, ahead of the MediaTek version V8T, per the earnings call. Q4

HPE $HPE CEO SAYS SUPPLY CONSTRAINTS STILL LIMIT ITS ABILITY TO MEET DEMAND Antonio Neri says server demand should remain exceptionally high, with the company's pipeline running at multiples of its backlog, per the earnings call.

more on $MSFT MICROSOFT $MSFT TO REPORT TWO SEGMENTS IN FY27, GUIDES AZURE GROWTH TO 44-45% The company moves to Agents and Infra, and Devices and Consumer, from three segments, per an SEC filing. It restated Q4 Azure revenue at $29.42B. Adjusted FY27 Q1 outlook: - Azure

MICROSOFT $MSFT TO REPORT TWO SEGMENTS IN FY27, AGENTS AND INFRA, DEVICES AND CONSUMER The company also restated Q4 Azure revenue at $29.42B, per an SEC filing. Microsoft has reported in three segments since fiscal 2016.

SNOWFLAKE $SNOW GREW PRODUCT REVENUE 37% AND THE STOCK IS UP 20% Product revenue hit $1.49B. Growth was 29% for all of last year and roughly 34% last quarter, so this is a re-acceleration at a $6B run rate. Full-year guidance of $6.07B implies the back half grows about 36%, the

🚨Insider Trade Alert🚨! Insider John Angela D has purchased 10,000 shares in $TTI TETRA TECHNOLOGIES INC worth $65,000.00 $TTI current value: $6.63 Market: NYSE

🚨Insider Trade Alert🚨! Insider COLOMBO WILLIAM J has purchased 913 shares in $DKS DICK'S SPORTING GOODS, INC. worth $121,602.47 $DKS current value: $137.34 Market: NYSE

COSTCO $COST AUGUST NET SALES $23.70B, UP 9.9% - August net sales: $23.70B, +9.9% from $21.56B - Q4 net sales: $93.9B, +11.3% from $84.4B over 16 weeks - FY net sales: $297.3B, +10.2% from $269.9B over 52 weeks August comparable sales: - Total company: +8.4% - US: +9.0% -

PVH $PVH Q2 ADJ EPS $3.70 VS $3.08 EST, TAKES $439M GOODWILL IMPAIRMENT - Revenue: $2.097B vs $2.094B est, in line - Adj EPS: $3.70 vs $3.08 est, beat - EPS: -$2.23 - Gross profit: $1.3218B - EBIT: -$190.9M - Net income: -$102.9M The quarter includes a pre-tax noncash goodwill

BROADCOM $AVGO Q3 AI SEMICONDUCTOR REVENUE $16.70B, UP 221% YEAR-OVER-YEAR - Revenue: $29.591B vs $29.362B est, beat - Adj EPS: $3.32 vs $3.24 est, beat - AI semiconductor revenue: $16.70B, +221% year-over-year - EPS: $2.68 - Net income: $13.088B Q4 guidance: - Revenue:

🚨Insider Trade Alert🚨! Insider BRAINERD MARY K has purchased 131 shares in $SYK STRYKER CORP worth $26,736.26 $SYK current value: $312.21 Market: NYSE

TRUMP SAYS APPLE MAPS RENAMES LAKE ONTARIO President Donald Trump says Apple Maps has changed the name of Lake Ontario to “Lake America,” following a similar change on Google Maps. Trump described the name change across both mapping platforms as “complete, ratified, and

C3 .AI $AI Q1 REVENUE $52.375M VS $52.1M EST - Revenue: $52.375M vs $52.1M est, slight beat - EPS: -$0.60 - Gross profit: $16.669M - Operating expenses: $114.937M - Operating income: -$98.268M - Net income: -$92.812M Q2 guidance: - Revenue: $51-55M vs $56.6M est - Adj operating

CHARGEPOINT $CHPT Q2 REVENUE $116.075M VS $105.2M EST - Revenue: $116.075M vs $105.2M est, beat - EPS: -$1.35 - Gross profit: $42.302M - Gross margin: 36% - Pretax profit: -$34.075M - Net income: -$35.624M Q3 guidance: - Revenue: $105-115M

TILLY'S $TLYS Q2 SALES $163.508M, EPS $0.27 - Sales: $163.508M - EPS: $0.27 - Gross profit: $58.095M - Operating income: $8.173M - Pretax profit: $8.467M - Net income: $8.381M Q3 guidance: - Net sales: $150-155M - Comparable sales: +10% to +14%

HPE $HPE ISSUES ORACLE $ORCL WARRANTS AS PART OF AI NETWORKING DEAL Oracle plans a multi-year global deployment of HPE Juniper Networking for AI infrastructure, and HPE has issued Oracle warrants to purchase shares of HPE common stock as part of the agreement, per the companies.

SNOWFLAKE $SNOW Q2 ADJ EPS $0.62 VS $0.45 EST - Revenue: $1.55B vs $1.48B est, beat - Adj EPS: $0.62 vs $0.45 est, beat - Product revenue: $1.4919B - Product gross profit: $1.0574B - Operating income: -$263M - EPS: -$0.55 Q3 guidance: - Product revenue: $1.588-1.593B FY

HPE $HPE Q3 REVENUE $12.213B VS $11.912B EST, RAISES FY OUTLOOK - Revenue: $12.213B vs $11.912B est, beat - Net income: $1.540B - Cash flow from operations: $1.600B Q4 guidance: - Adj EPS: $1.20-1.30 vs $1.07 est - EPS: $1.12-1.22 FY guidance: - Revenue growth: 34-37% - Adj

ELLIOTT BUILDS DEUTSCHE TELEKOM STAKE, OPPOSES T-MOBILE $TMUS MERGER The activist firm wants Deutsche Telekom $DTEGY to consider alternative ways to unlock shareholder value, including larger share buybacks, per Bloomberg.

AEROVIRONMENT $AVAV LOCUST SELECTED FOR NEARLY $500M ARMY COUNTER-UAS CONTRACT The award covers the Army's Enduring-High Energy Laser program, per the company.

TRUMP: STOCK MARKET WILL GO UP TRUMP: WANT RETAIL GAS PRICES TO COME DOWN

TRUMP: WANT TO DO SUMMIT WITH RUSSIA'S PUTIN WHEN WE'RE READY TO DO A PEACE DEAL ON UKRAINE

TRUMP: PREPARED TO DO ANOTHER ATTACK ON IRAN

TRUMP: CONTROLLING HORMUZ STRAIT

TRUMP ON IRAN: IRAN WAS TRYING TO BUILD A ROCKET THAT DROPS MINES; WE TOOK IT OUT

TRUMP: RENEWED CAMPAIGN ON IRAN WON'T TAKE TOO LONG

TRUMP: OIL PRICES WILL COME DOWN

*BESSENT: BYD VEHICLES ARE BEST $70,000 CAR THAT $35,000 CAN BUY

WHITE HOUSE SAYS THAT BARRELS FROM VENEZUELA DEAL COULD HIT RESERVES IN U.S. IN NOVEMBER

TRUMP FLOATS RENAMING HORMUZ STRAIT AFTER HIMSELF President Trump suggested renaming the Strait of Hormuz the “Trump Strait,” while claiming the U.S. has nearly total control of the key shipping route. Trump has also floated declaring the strait U.S. territory, without

GOLDMAN FAVORS STOCKS AS CREDIT RISKS RISE Goldman Sachs remains overweight equities over the next 12 months while underweighting credit as late-cycle risks increase. The bank expects solid earnings, slowing but resilient growth and low U.S. recession risk to support stocks.

YARDENI: SEPTEMBER STOCK WEAKNESS COULD BE A BUYING OPPORTUNITY Yardeni Research says September’s reputation as the weakest month for stocks could create an attractive buying opportunity ahead of a year-end rally. The firm acknowledges concerns over rising bond yields, high oil

IRAN'S CURRENCY DROPS TO RECORD LOW OF OVER 2.2 MILLION RIALS TO THE U.S. DOLLAR - TRACKING WEBSITES

LUTNICK SAYS ANTHROPIC IS 'BACK ON THE RIGHT SIDE' WITH TRUMP ADMINISTRATION - AXIOS

SEPTEMBER FED DECISION IS A 'GENUINE COIN FLIP', IMPAX ASSET MANAGEMENT SAYS TREASURY-MARKET VOLATILITY LIKELY TO RISE AROUND INFLATION AND PAYROLLS DATA, IMPAX ASSET MANAGEMENT SAYS U.S. TREASURY COULD ADOPT 'LARGER AND MORE FREQUENT' BUYBACKS OF LONG-DATED DEBT: IMPAX ASSET

OPEC+ SET TO HOLD OIL OUTPUT STEADY OPEC+ is expected to keep oil production policy unchanged for October at Sunday’s meeting, according to Reuters sources. The group is completing the rollback of a 1.65 million barrel-per-day production cut introduced in 2023. However, actual

OPEC+ MEETING ON SUNDAY WILL NOT MAKE ANY OIL OUTPUT POLICY DECISION, WILL FOCUS ON DISCUSSING MARKET, THREE SOURCES SAY

U.S. FACTORY ORDERS BEAT EXPECTATIONS U.S. factory orders rose 0.9% in July, beating expectations for a 0.6% increase and rebounding from June’s decline. Orders excluding transportation climbed 0.6%, while orders excluding defense jumped 1.0%. Durable goods orders were

IRAN BORDER GUARDS SEIZE VESSEL WITH 382,000 LITRES SMUGGLED FUEL IN THE NORTHERN GULF, DETAIN 11 FOREIGN SUSPECTS - IRANIAN STATE MEDIA

$AAPL - APPLE’S NEXT BIG BET: FOLDABLE IPHONE AND AI DA Davidson reiterated its Neutral rating on Apple, with a $270 price target. Analyst Gil Luria says Apple’s next growth phase under John Ternus could depend heavily on a foldable iPhone Ultra, broader price increases and

TRUMP TO MEET WITH CEOS OF MAJOR TRAVEL COMPANIES Marriott $MAR, American Airlines $AAL, Carnival $CCL, and MGM Resorts $MGM are among the companies attending, per a White House official.

*BOC LEAVES KEY INTEREST RATE AT 2.25%; EST. 2.25%

ALTRIA $MO SUES FDA TO SCRAP TOBACCO PRODUCT REVIEW SYSTEM The company says the agency's premarket review system for new tobacco products is unlawful and asks the court to compel the FDA to develop a new one, per a court filing.

SPOT GOLD UP NEARLY 1% AT $4,369.79/OZ

KALSHI TARGETS OIL WITH NEW PERPETUAL FUTURES Kalshi is preparing to seek U.S. regulatory approval for WTI crude oil perpetual futures, potentially as early as next week. The proposed contracts would trade 24 hours a day, five days a week and have no expiry date, allowing

*YEN SURGES MORE THAN 1% WITH TRADERS ON ALERT FOR INTERVENTION

FORD $F AUGUST US VEHICLE SALES 170.681K UNITS Total electrified vehicle sales came in at 17.237K units, per the company.

🚨Political Trade Alert🚨 Rep. Kevin Hern has released a new financial disclosure. Highlights: (All Sells) $ADBE Adobe $15k - $50k $BA Boeing $16k - $65k $HD Home Depot $50k - $100k $ICLR ICON plc $15k - $50k $MSFT Microsoft $15k - $50k

IRAN: US ATTACKS HIT TELECOMS, COMMUNICATION INFRASTRUCTURE

FED’S WILLIAMS: STRONG ECONOMY DRIVING BOND YIELDS New York Fed President John Williams says rising long-term bond yields reflect a strong U.S. economy, not growing inflation fears. He pointed to heavy investment in AI, data centers and technology as key drivers pushing yields

U.S. CENTCOM IN RESPONSE TO IRANIAN REPORTS THAT U.S. STRIKE KILLED PEOPLE IN WEDDING IN SIRIK: THE U.S. MILITARY NEVER TARGETS CIVILIANS

GEORGE CLOONEY SAYS US GOVERNMENT RUN BY 'LEAST QUALIFIED PEOPLE'

$CRWD - CROWDSTRIKE AND OPENAI EXPAND PARTNERSHIP TO SECURE THE AGENTIC ERA CROWDSTRIKE - EXPANDS PARTNERSHIP WITH OPENAI TO SECURE CODEX AGENTS AND INTEGRATE GPT-5.6 CYBER

DUTCH CENTRAL BANK SHIFTS GOLD TO LONDON The Dutch central bank moved 86 tons of gold from North America to London to improve liquidity and crisis preparedness. London now holds 32% of Dutch gold reserves, as Bank of England-standard bullion is considered easier to trade during

$SPCX - OPPENHEIMER LIFTS SPACEX TARGET TO $280 Oppenheimer raised its SpaceX price target to $280 from $250, maintaining an Outperform rating. Analyst Tim Horan cited SpaceX’s vertically integrated AI platform, access to data, capital and Nvidia GPUs, alongside rapid

WRIGHT: OVER 17 MLN BARRELS OIL FLOWED THROUGH STRAIT OF HORMUZ ON MONDAY -CNBC

BESSENT ON G20: UNFORTUNATE THAT CHINESE DIDN'T WANT TO COME ALONG

BESSENT ON IRAN, SANCTIONS: GOING TO SYSTEMICALLY TAKE OUT BAD ACTORS -FOX NEWS INTERVIEW BESSENT ON IRAN, SANCTIONS: AIRLINES, MARITIME, DIGITAL ASSETS COULD BE TARGETS BESSENT: HAVING FULSOME TALKS WITH ANYONE SUPPORTING IRAN

BESSENT ON IRAN, RUSSIA: MY MESSAGE TO EVERYONE IS TO STAY AWAY BESSENT ON IRAN, RUSSIA: NO ONE SHOULD SUPPORT THIS REGIME

WRIGHT: THINK WE WILL BE AT WELL OVER 1.5 MILLION BARRELS A DAY IN VENEZUELA BY FIRST HALF NEXT YEAR

LUTNICK SAYS RATES WILL STABILIZE AND START TO DECLINE IN NEXT SIX MONTHS: CNBC

*LUTNICK: IF YOU BUILD IN US, WE WILL GIVE YOU TARIFF RELIEF

LUTNICK SAYS SEMICONDUCTOR TARIFFS ARE BEING CONSIDERED

LUTNICK SAYS SEMICONDUCTORS WILL BE BUILT IN AMERICA

$UBER - *UBER TO CUT 3,300 JOBS IN OVERHAUL TO REDUCE MANAGEMENT LAYERS

US MORTGAGE RATES EDGE HIGHER U.S. mortgage rates mostly increased in the latest MBA survey. The 30-year fixed rate rose 1 basis point to 6.79%, while the 15-year fixed climbed 4 bps to 6.14%. The 30-year jumbo increased to 6.76% and FHA loans to 6.49%. Meanwhile, the 5-year

EU, NATO WARN OF NEW ESCALATION ON EUROPEAN SOIL EU chief Ursula von der Leyen called the attempted Leipzig attack a “new escalation,” saying military-grade material was used and lives could have been lost. She vowed stronger pressure and sanctions on Russia, while maintaining

BESSENT PLAYS DOWN TREASURY SELLOFF U.S. Treasury Secretary Scott Bessent dismissed concerns over the bond market selloff as benchmark Treasury yields climbed above 4.8%. Speaking at a G20 finance gathering, Bessent said the U.S. is not in a “dire situation” and argued

PBOC'S PAN: CHINA DOES NOT DELIBERATELY PURSUE TRADE SURPLUS