Stock Market Feed

COHERENT $COHR ANNOUNCES PHOTONLINK INTEGRATED OPTICS PLATFORM FOR AI DATACENTERS The company expects PhotonLink revenue to ramp in Q4 CY2026, and is expanding 6-inch indium phosphide and specialty fiber manufacturing capacity for the platform.

PARAMOUNT $PSKY SETTLES STATE ANTITRUST LAWSUIT THAT DELAYED ITS WARNER BROS. DISCOVERY $WBD ACQUISITION Per court records. Concessions discussed in weekend talks included a $1.5B investment in California production, a promise not to sell either studio lot, sales of some cable

TRUMP DEMANDS GOP END THE FILIBUSTER President Trump is urging Senate Republicans to eliminate the filibuster, warning Democrats could otherwise do so themselves. Trump claims Democrats would then pursue statehood for Puerto Rico and Washington, D.C., adding four Democratic

$META - META SHARES EXTEND GAINS, LAST UP 10.4%

TRUMP: “WHOEVER WINS AI, WINS” President Trump says the U.S. must avoid stifling AI growth, arguing the technology could become bigger than the Industrial Revolution or the internet. Trump said the U.S. is currently leading China and other countries in AI and pledged to

TRUMP ON TRUTH SOCIAL: 'I'M NOT GOING TO STIFLE GROWTH, OF SOMETHING THAT WILL BE BIGGER THAN THE INDUSTRIAL REVOLUTION, OR THE INTERNET, ITSELF'

SAUDI ARAMCO LOADED 14 MILLION BARRELS OF CRUDE ON SEVEN VLCCS FROM GULF TERMINALS ON SUNDAY AS IT RAMPS UP EXPORTS THROUGH STRAIT OF HORMUZ, SHIPPING DATA SHOWS SATELLITE IMAGES SEEN BY REUTERS APPEAR TO SHOW SEVEN TANKERS IN VICINITY OF RAS TANURA PORT ON SUNDAY

RUSSIA REROUTES GRAIN AS BLACK SEA EXPORTS STALL Russian firms are converting fertilizer and coal terminals at Baltic and Arctic ports to handle grain exports as Black Sea shipments stall. Rail applications to Ultramar’s Baltic terminal reached about 260,000 tons for September.

$SPCX - SPACEXAI - SPACEXAI LAUNCHES GROK 4.7, TWICE AS FAST AT HALF THE PRICE OF COMPARABLE MODELS

GOP SCRAMBLES AS DIESEL HITS RECORD $6.51 Republicans are weighing a diesel export ban and gas-tax holiday as surging fuel costs pressure consumers and farmers ahead of the midterms. (The Wall Street Journal) But Congress has little time to act, with the House already recessed

VENEZUELAN DELEGATION LED BY INTERIM PRESIDENT RODRIGUEZ TO DISCUSS ENERGY, DEBT AND MINING WITH COUNTERPARTIES IN US, AGREEMENTS COULD BE SIGNED, SOURCES SAY

UKRAINIAN DRONE STRIKE SHUTS MAJOR MOSCOW REFINERY Gazprom Neft’s Moscow refinery has halted crude processing after a Ukrainian drone attack sparked fires at both primary distillation units. Repairs could take several weeks, according to Reuters sources. The refinery processes

TOTAL CEO: TOO MUCH REFINING IS OFFLINE AHEAD OF WINTER

- FRENCH 5-YEAR CDS TOP 45 BPS TO HIT HIGHEST SINCE MARCH 2020, LSEG DATA SHOWS

TRUMP EYES MAJOR BELARUS POTASH DEAL President Trump says the U.S. is working on a large-scale agreement to buy potash from Belarus. Trump says the fertilizer would be purchased at substantially lower prices than current Canadian supplies, potentially reducing input costs for

- TRUMP: UNITED STATES IS WORKING ON A MASSIVE DEAL WITH RESPECT TO PURCHASE OF POTASH FROM BELARUS

*VANCE ON IRAN: GOING TO TRY TO PROTECT US NAVY: POOL REPORT

*VANCE ON IRAN: OIL IS STILL FLOWING: POOL REPORT

*VANCE ON IRAN: WILL BE FURTHER DISCUSSION AT UN: POOL REPORT

STOCKS OF CRUDE OIL IN US STRATEGIC PETROLEUM RESERVE FELL TO 284.6 MLN BARRELS LAST WEEK, LOWEST SINCE 1982

*US PROPOSED EXTENDING CHINA TRADE TRUCE BY SIX MONTHS: NYT *CHINA HAS PUSHED FOR A LONGER TRADE TRUCE EXTENSION: NYT

CNN, MS NOW, POLITICO SUE DONALD TRUMP, COURT RECORDS SHOW

OIL SLIDES AS SAUDI FLOWS DEFY DISRUPTION Brent fell 2.6% to $101.18, while WTI dropped below $98 as diplomacy hopes and resilient supply eased fears of a deeper shortage. Saudi shipments through Hormuz have averaged 2.9 million bpd, versus 700,000 in August, helping reduce the

$AMD - ADVANCED MICRO DEVICES HITS $1 TRILLION IN MARKET CAPITALIZATION FOR THE FIRST TIME

SPOT GOLD FALLS OVER 1% TO $4,325.49/OZ

OPENAI AND ANTHROPIC NEARED AI SAFETY TESTING DEAL OpenAI and Anthropic reportedly neared an agreement to stress-test each other’s AI models, searching for vulnerabilities and hidden risks. It’s unclear whether the deal was finalized before OpenAI encountered incidents

OPENAI AND ANTHROPIC NEARED DEAL TO STRESS-TEST EACH OTHER’S AI - THE INFORMATION

TRUMP WEIGHED HOUTHI STRIKES — THEN HELD OFF President Trump considered U.S. airstrikes against the Houthis in Yemen over the weekend after renewed Saudi requests for military help. CENTCOM reportedly prepared strike options, but Trump ultimately held off, amid concerns

RUSSIA SET TO EXTEND DIESEL EXPORT BAN BEYOND END OF SEPTEMBER

🚨Political Trade Alert🚨 Rep. Pete Sessions has released a new financial disclosure. Highlights: Sold: $GOOGL Google $15k - $50k $ABBV AbbVie $15k - $50k

BESSENT ON FED RAISE: CONFIDENT IN WARSH -CNBC

*BESSENT: JUST RAISED BUYBACK SIZE AS WERE IN ILLIQUID PERIOD

*BESSENT: ONCE OTHER SIDE OF IRAN CONFLICT, RATES SHOULD DROP

*BESSENT REPEATS THAT BONDS ARE UNUSUALLY CORRELATED WITH ENERGY

BERNSTEIN SEES GOLD AT $5,600 BY 2030 Bernstein cut its 2030 gold target to $5,600/oz from $6,100, reflecting expectations for higher interest rates, but remains firmly bullish. The firm says gold can continue rising despite higher real yields, with central-bank diversification

BESSENT ON INTEREST RATES: SHOULD COME DOWN AFTER CONFLICT -CNBC

BESSENT ON IRAN: DISCUSSED WITH CHINA -CNBC

BESSENT ON IRAN: ON SEPT 23 ALL IRANIAN AIRLINES WILL BE SHUTDOWN WORLDWIDE

BESSENT ON IRAN: CAN'T TELL YOU HOW LONG CONFLICT WILL LAST -CNBC

BESSENT: LABS NEED TO TAKE RESPONSIBILITY FOR THEMSELVES ON AI -CNBC

TRUMP: THIS RIDICULOUS AND NEVER ENDING WAR WITH UKRAINE MUST BE ENDED

RUSSIA HAS UNFORTUNATELY LOST CONTROL OF ITS DIESEL OIL INDUSTRY DUE TO ITS WAR WITH UKRAINE - TRUMP SAYS

BESSENT: DISCUSSED TARIFFS WITH CHINA

IRGC WARNS OF NEW WEAPONS AND TARGETS Iran’s IRGC spokesperson reportedly says the world has “not yet seen the power and precision” of Iran’s new weapons. The spokesperson also claimed Iran has additional enemy targets it has not yet attacked, warning they could be struck in

BESSENT: US-CHINA TO MEET IN TWO MONTHS ON AI IN SHENZHEN

BESSENT: WILL OPEN UP AN INCIDENT LINE ON AI WITH CHINA

$MSTR - STRATEGY BUYS ANOTHER 950 BITCOIN Strategy purchased 950 BTC for $75.7 million last week at an average price of $79,670 per Bitcoin. The company now holds 846,000 BTC, acquired for $63.8 billion at an average $75,416 per coin. Strategy also spent $174 million

BESSENT ON CHINA TALKS: CHANCE TRUMP, XI COULD SEE EACH OTHER TWO MORE TIMES AFTER THIS WEEK -CNBC

🇺🇸TRUMP’S MONDAY CALENDAR 8:00 AM — Executive Time 10:30 AM — Policy Meeting 11:30 AM — Policy Meeting 1:00 PM — Signing Time 1:45 PM — Ribbon Cutting Ceremony 4:10 PM — Meeting with NYC Mayor Zohran Mamdani 5:35 PM — Meeting with French President Emmanuel Macron 6:00 PM — RNC

TRUMP DEFENDS WHITE HOUSE MEDIA CRACKDOWN President Trump says the White House is “not instituting an assault on the Free Press,” arguing instead that it is targeting what he calls “fake news.” Trump described such coverage as a “threat to our National Security” and said it

CNN, MS NOW AND POLITICO SUE TRUMP OVER WHITE HOUSE BAN CNN, MS NOW and Politico have sued the Trump administration after being barred from White House grounds. The outlets argue the ban violates their First Amendment rights and filed the case in federal court in Washington.

HORMUZ CRISIS SENDS TANKER RATES ABOVE $1 MILLION A DAY Supertanker rates on the Persian Gulf-to-China route have surged to $1.035 million per day, nearly 5x pre-war levels, as traffic through the Strait of Hormuz collapses. Only 17 commodity vessels crossed over the weekend,

“STREAMFLATION” DRIVES MASS STREAMING CANCELLATIONS 39% of Americans canceled at least one streaming subscription over the past six months, up sharply from 29% in March, according to Ipsos. Repeated price hikes and broader cost-of-living pressures are driving the pullback, with

*WALTZ: TRUMP IS ALWAYS OPEN TO TALK, IRAN HAS TO COME TO TABLE

FED’S GOOLSBEE: RATE CUTS POSSIBLE IF INFLATION HEADS TO 2% Fed’s Goolsbee remains optimistic inflation can return to the 2% target, provided demand does not overheat. He says the Fed currently has an inflation problem, not an employment problem, and wants convincing evidence

U.S. DIESEL HITS RECORD $6.51 A GALLON U.S. diesel prices have surged to a record $6.51 a gallon, according to AAA. Prices are being driven higher by prolonged disruptions to Middle East energy flows and Russian refineries, tightening global fuel supplies ahead of winter. A

IRAN WARNS NEW U.S. ATTACK MAY BE COMING, THREATENS SUSTAINED RETALIATION Iran says it has information that the U.S. and allies are preparing a major new attack, Reuters reported. Tehran’s military command warned any strike would trigger sustained retaliation against U.S. bases

TRUMP: “VERY BIG THINGS” COMING ON IRAN President Trump says he is in “a deciding mode” on Iran, warning that “very big things” could happen in the not-so-distant future. Trump said the options range from further military action to economic pressure or a deal, while adding he

TURKISH FOREIGN MINISTER: WE HAVE SENT OFFER TO UKRAINE, RUSSIA TO END FIGHTING IN THE BLACK SEA, AWAITING THEIR RESPONSES

U.S.-CHINA TALKS SET AHEAD OF TRUMP-XI SUMMIT Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng on Sunday in New York to discuss AI security, trade and broader economic issues. The talks come just days before Trump hosts Xi Jinping at the White House,

TRUMP: UNITED STATES WILL FOREVER HAVE COMPLETE ABILITY TO DO WHAT IS NECESSARY IN GREENLAND IN ORDER TO SECURE AND DEFEND SECURITY OF GREENLAND

TRUMP: I AM PLEASED TO ANNOUNCE THAT UNITED STATES OF AMERICA HAS ENTERED INTO AN AGREEMENT WITH KINGDOM OF DENMARK, AND GREENLAND,

TRUMP MOVES TO BAN MAJOR MEDIA OUTLETS President Trump says CNN, MS NOW and Politico will be banned from the White House, accusing them of publishing “fake news” and warning other outlets could follow. The scope remains unclear, while First Amendment experts say a broad ban

U.S. AND DENMARK CLOSE IN ON GREENLAND DEAL The U.S. and Denmark are nearing a potential agreement that could expand the American military presence in Greenland, Reuters reports. The proposed deal would stop short of Trump’s stated ambition to acquire Greenland outright, but

TRUMP ON BANNING CNN, MSNOW, POLITICO FROM WHITE HOUSE: THERE MAY BE OTHERS TO JOIN THEM

TRUMP ON IRAN: WAR WILL END SOON

FDA APPROVES ELI LILLY'S $LLY INLURIYO IN COMBINATION WITH VERZENIO FOR ESR1-MUTATED ADVANCED BREAST CANCER The approval covers adults with ER+, HER2-, ESR1-mutated advanced or metastatic breast cancer. Lilly says the combination is now available in the United States. Inluriyo,

🚨Political Trade Alert🚨 Rep. David Taylor has released a new financial disclosure. Highlights: $PG Procter & Gamble $1k - $15k $IBP Installed Building Products $1k - $15k

🚨Political Trade Alert🚨 Rep. Scott Franklin has released a new financial disclosure. Highlights: $ACN Accenture plc $2k - $30k $NVO Novo Nordisk $1k - $15k $PEP Pepsi $2k - $30k $MCD McDonald's $1k - $15k Sold: $GOOG Google $2k - $30k $AAPL Apple $1k - $15k

SAUDI ARAMCO CUTS EUROPEAN OIL ALLOCATIONS Saudi Aramco has reportedly told European customers they will receive no crude allocations next month, extending supply disruptions caused by the attack on the East-West pipeline. The halt has already triggered replacement buying,

ANTHROPIC BUILDS BIOLOGY LAB TO PUSH AI INTO DRUG DEVELOPMENT Anthropic has quietly established a Bay Area wet lab, moving its life-sciences ambitions beyond computer simulations and into physical biological experiments. The company wants Claude to direct laboratory robots with

JP MORGAN EXPECTS ECB TO DELIVER ANOTHER 25 BP INTEREST RATE HIKE IN MARCH 2027 AFTER A DECEMBER HIKE VS PRIOR FORECAST OF RATES ON HOLD IN 2027

U.S. COULD RELEASE MORE OIL FROM SPR Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a “very real possibility” as higher oil prices and steep futures backwardation boost demand for barrels. The DOE has already loaned more

🇺🇸 WHAT TO WATCH TODAY — U.S. MARKETS 6:30 PM ET Thu. — 🇯🇵 Japan CPI ~10:30–11:30 PM ET Thu. — 🇯🇵 BOJ Rate Decision 2:00 AM ET — 🇬🇧 UK Retail Sales 2:30 AM ET — 🎙️ BOJ Governor Ueda 9:15 AM ET — 🇺🇸 Industrial Production 9:30 AM ET — 🏦 Fed Vice Chair Michelle Bowman 10:00 AM ET

MCDONALD'S $MCD PLANNING TO REVAMP ITS VALUE STRATEGY TO REVIVE US SALES, PER BLOOMBERG

ALTMAN AND HUANG SET TO JOIN XI AT WHITE HOUSE DINNER OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang are planning to attend a White House state dinner next week with Chinese President Xi Jinping. The gathering puts two of the biggest names in AI at the table as U.S.-China

BITCOIN COULD GET MORE SUPPORT THAN GOLD JPMorgan says Bitcoin could benefit more than gold if ETF hedging demand eases. Short interest in IBIT remains near yearly highs, while its put-to-call ratio is also higher than GLD’s — signaling heavier Bitcoin hedging. If those hedges

TRUMP WEIGHS “BIG DECISION” ON IRAN President Trump says he faces a “big decision” over the next phase of the Iran conflict, including whether to pursue further military action against Tehran. Trump told Axios he plans to use an upcoming UN meeting with Saudi Arabia, UAE,

IRAN DOWNED AT LEAST 2 UNMANNED AMERICAN AIRCRAFT IN RECENT DAYS, U.S. OFFICIALS SAY- CBS NEWS

PALANTIR $PLTR CEO ALEX KARP CALLS FOR "REASONABLE GUIDELINES" ON AI REGULATION Karp: "You have to find a way to set reasonable guidelines that are enforced, but you can't do it. The first line of defense is you're liable for your own actions," speaking on CNBC's "Squawk on the

hearing karp should be live on CNBC shortly $PLTR

CHINA, U.S. PREPARE FOR XI-TRUMP SUMMIT Chinese Foreign Minister Wang Yi held talks with Marco Rubio ahead of the Xi-Trump summit scheduled for September 24, calling for stronger communication, cooperation and management of differences. The two also discussed the Middle East,

🚨Insider Trade Alert🚨! Insider Pappa Milena Maria has purchased 74,400 shares in $SBLK Star Bulk Carriers Corp. worth $2,103,288.00 $SBLK current value: $31.62 Market: NASDAQ

SOME CRYPTO STOCKS RISE AFTER US SECURITIES REGULATOR ROLLS OUT FIVE-YEAR EXEMPTION FOR TOKENIZED STOCK TRADING

STANDARD CHARTERED EXPECTS US FED TO DELIVER A 25 BP RATE HIKE IN DECEMBER 2026 VS PRIOR FORECAST OF NO POLICY CHANGE THIS YEAR

GOLDMAN SACHS NOW EXPECTS ANOTHER FED HIKE IN OCTOBER Goldman Sachs has shifted its Fed call, now expecting another 25bp hike in October after Wednesday’s meeting proved more hawkish than anticipated. GS joins ANZ, BofA, RBC and TD Securities in expecting a follow-up hike. The

*EU SAYS CANADA DEAL IS ‘NOT AGAINST ANYONE ELSE’: SPOKESMAN *EU SAYS CANADA DEAL IS ‘FOR OUR COMMON STRENGTH’: SPOKESMAN Comes after US President Trump’s response to the proposal yesterday: “If they do that, if I think it’s at all a hostile act, I will put very serious tariffs

TRUMP LASHES OUT AT FED AFTER WARSH BACKS RATE HIKE President Trump criticized the Fed after its unanimous 25bp hike to 3.75%–4.00%, demanding rates be cut to 1% or lower. Trump said he still has confidence in Fed Chair Kevin Warsh but called the Fed board “very hostile” and

*TRUMP REPEATS IRAN WANTS TO MAKE A DEAL

*TRUMP, ASKED WHETHER HE STILL HAS CONFIDENCE IN WARSH: I DO

TRUMP: LOWER INTEREST RATES FOR UNITED STATES OF AMERICA, AND FAST

*TRUMP: LOWER THE INTEREST RATES FOR THE US FAST

TRUMP DEMANDS U.S. INTEREST RATES AT 1% OR LOWER President Trump is calling for U.S. interest rates to be cut to 1% or below, arguing America’s credit strength and booming investment justify dramatically cheaper borrowing. He also criticized U.S. trade deficits, claiming the

GENERAC $GNRC ISSUES AMAZON $AMZN A WARRANT FOR UP TO 1.693745M SHARES AT $200.9266 The two companies entered a deal agreement on September 16, per an SEC filing. The warrant went to Amazon .com NV Investment Holdings LLC.

STOCKS DROP AS FED HIKES AND SIGNALS MORE TIGHTENING U.S. stocks reversed earlier gains after the Fed delivered its first rate hike in more than three years and signaled further tightening is likely. The S&P 500 fell 0.43% and Dow dropped 1.17%, while the Nasdaq finished

US TSY TICS NET FLOWS IN JUL +$83.7B US TSY TICS NET L-T FLOWS IN JUL -$27.9B

SOUTHWEST $LUV CFO SAYS ASSIGNED AND EXTRA-LEGROOM SEATING WILL GENERATE OVER $1B IN EBIT IN 2026 • Assigned seating and extra-legroom seats: over $1B EBIT in 2026, about $1.5B in 2027 • Bag fees: about $1B EBIT in 2026 The CFO says the demand environment remains "very, very

White House says Fed rate hike 'unfortunate'

DOUBLELINE CEO GUNDLACH: I SEE VIRTUALLY NO CHANCE THAT THIS IS THE PEAK OF THE FED FUNDS RATE- CNBC

WARSH EXPLAINS WHY THE FED TURNED TO A RATE HIKE Fed Chair Kevin Warsh says three major developments changed the Fed’s outlook since July: a stronger economy and labor market, inflation failing to improve sufficiently, and a changed assessment of geopolitical risks. Warsh said

*WARSH: SEEN LITTLE INFO TO SUGGEST INFL TRENDS PASSING THE TEST

*WARSH DECLINES TO COMMENT ON ANY DISCUSSION WITH PRESIDENT

*WARSH: NOT GOING TO PREJUDGE ANY FUTURE DECISIONS

*WARSH: NOT IN THE FORWARD GUIDANCE BUSINESS

*WARSH: TOO MANY INF. CATEGORIES ARE STILL RISING MORE THAN 3% *WARSH: PREDOMINANT FOCUS OF FED IS ON PRICE STABILITY

*WARSH: INFLATION IS TOO HIGH AND HAS BEEN FOR TOO LONG

FED RAISES INFLATION OUTLOOK AS LABOR MARKET STAYS STRONG The Fed’s latest projections show a more persistent inflation outlook, with 2026 core PCE raised to 3.4% from 3.3%, despite methodology changes expected to mechanically lower the measure. Meanwhile, unemployment

FED DOT PLOT DELIVERS HAWKISH HIGHER-FOR-LONGER SIGNAL The Fed’s new Dot Plot shows 12 of 18 officials expect another 25bp hike by year-end, taking rates to 4.125%, while four see rates reaching 4.375%. The hawkish signal extends well beyond 2026: 14 officials see rates ending

FOMC RAISES RATES 25 BPS TO 3.75%-4%; VOTE 12-0 12 FOMC MEMBERS SEE RATES AT 4.1% BY END-2026 FED: HIKE WILL SUPPORT TIMELIER RETURN TO 2% INFLATION 4 MEMBERS SEE RATES AT 4.4% BY DEC, 2 SEE RATES AT 3.9% MEDIAN FED FUNDS RATE PROJECTION 4.1% AT END-2027 MEDIAN FED FUNDS

*FED: RATE HIKE WILL SUPPORT `TIMELIER' RETURN TO 2% INFLATION

*FED UNANIMOUSLY RAISES BENCHMARK RATE 25 BPS TO 3.75%-4% RANGE

*FOMC MEDIAN FORECAST SHOWS ONE ADDITIONAL 25 BPS HIKE IN 2026

FED RAISES RATES 25 BPS TO 3.75%-4.00% TARGET RANGE

CIENA $CIEN TARGETS REVENUE CAGR OF ABOUT 30% FROM 2026 THROUGH 2029 The company also targets free cash flow margins of about 20% for FY2029.

NATIONAL FUEL GAS $NFG EXPLORING STRATEGIC OPTIONS FOR ITS NATURAL GAS PRODUCTION BUSINESS Any deal for Seneca Resources and associated pipeline assets will likely value the unit at around $5B, per sources cited by Reuters.

OPENAI ROGUE AGENTS PROBED HUGGING FACE BEFORE MAJOR HACK Researchers say rogue OpenAI agents hijacked two Hugging Face accounts and probed its network for vulnerabilities in May, nearly two months before the major July cyber incident. No evidence shows the May activity

FED: WHAT WALL STREET EXPECTS FROM WARSH TODAY Major banks are focused on how Kevin Warsh frames the path ahead if the Fed hikes today: Barclays: Expects Warsh to stress solid growth, near-full employment and inflation still too high, broadly maintaining his previous hawkish

SAUDI PIPELINE COULD RESTORE HALF ITS CAPACITY WITHIN DAYS Saudi Arabia is working to restore roughly half the capacity of its East-West oil pipeline within days by bypassing a section damaged in last week’s drone attacks. Saudi Aramco is reportedly targeting a full return to

OPENAI CHALLENGES SECRET APPLE-MUSK AGREEMENT A federal judge ordered X and SpaceXAI to disclose their agreement with Apple after OpenAI sought access to the terms in Musk’s antitrust case. X recently resolved its claims against Apple but is continuing its case against OpenAI.

*SAUDIS SEEK TO RESUME HALF OF KEY OIL PIPELINE WITHIN DAYS

STOCKS RISE AS YIELDS RETREAT AHEAD OF FED Global stocks moved higher ahead of today’s Fed rate decision, with markets pricing more than a 90% chance of a 25bp hike. The S&P 500 gained 0.26% and Nasdaq 0.60%, while the 10-year Treasury yield retreated to 4.963%. Oil also

JPMORGAN MAPS FED DAY: STOCKS COULD SWING 2% JPMorgan says Fed communication could determine whether stocks rally or sell off after today’s widely expected 25bp hike. A standard hike with limited guidance could lift the S&P 500 0.25%–0.75%, while a hike paired with a stronger

GE VERNOVA $GEV EXPECTS 50% GROWTH IN GAS CAPACITY ADDITIONS BY THE END OF THIS YEAR The company expects second-half contract commitments to exceed its 20GW guidance, and Q4 contractual commitments to come in higher than Q3 additions based on current trends, per the Morgan

WRIGHT: GETTING MORE FLOW THROUGH BAB EL-MANDEB STRAIT WOULD BE HELPFUL

WRIGHT: 18 MLN BARRELS FLOWED OUT OF PERSIAN GULF YESTERDAY

🚨Insider Trade Alert🚨! Insider Livingston III Homer John has purchased 16,404 shares in $FCEL FUELCELL ENERGY INC worth $246,955.38 $FCEL current value: $15.25 Market: NASDAQ

🚨Political Trade Alert🚨 Rep. Byron Donalds has released a new financial disclosure. Highlights: $NFLX Netflix $2k - $30k Sold: $HWM Howmet Aerospace $2k - $30k $PH Parker-Hannifin Corp $2k - $30k

IRANIAN ATTACK HITS U.S.-CONTRACTED VESSEL NEAR HORMUZ An Iranian drone and missile attack struck a U.S.-contracted vessel near the Strait of Hormuz this week, sources told Fox News. The reported strike comes amid persistent threats to commercial shipping through one of the

YARDENI SLASHES S&P 500 TARGET Wall Street bull Ed Yardeni cut his year-end S&P 500 target to 7,900 from 8,400, citing rising bond yields and increased downturn risks over the next 3–6 months. He lowered his expected forward P/E multiple to 18.6 from 19.8. Yardeni still sees

MARKETS MAY BE PRICING TOO MANY RATE HIKES Markets now expect four 25bp Fed hikes over the next year, taking rates to roughly 4.6%, as surging energy prices revive inflation fears. Traders also see the ECB reaching 3.25% and BoE 4.75%. Reuters Breakingviews argues expectations

*US AUG. RETAIL SALES RISE 1.2% M/M; EST. +0.8% *US AUG. RETAIL 'CONTROL GROUP' SALES RISE 1.4% M/M; EST. +0.5%

*HOUSE DEMOCRATS SEEK BIPARTISAN AI SAFEGUARDS: POLITICO

MICHAEL BURRY JOINS NEW SHORT-FOCUSED FUND “Big Short” investor Michael Burry is joining Minerva Investment Management as senior adviser to help launch a new short-biased fund expected within a month. Burry has recently targeted AI hyperscalers and chipmakers, criticizing

LAVROV WARNS EUROPE AGAINST ATTACKING RUSSIA Russian Foreign Minister Sergey Lavrov says Moscow has no intention of attacking Europe, but issued a stark warning against any European strike on Russia. “If Europe attacks Russia, the war will be short,” Lavrov said, invoking an

🇺🇸 WHAT TO WATCH TODAY — U.S. MARKETS 8:30 AM ET — 🇺🇸 Retail Sales 8:30 AM ET — 🇺🇸 Import & Export Prices 10:30 AM ET — 🛢️ EIA Oil Inventories 1:00 PM ET — 🇺🇸 Treasury Auction 2:00 PM ET — 🏦 FOMC RATE DECISION + DOT PLOT 2:30 PM ET — 🎙️ Fed Chair Kevin Warsh Press Conference

SK HYNIX INC: NO PLANS HAVE BEEN CONFIRMED REGARDING THE REPORTED TALKS BETWEEN SK HYNIX AND INTEL ON MEMORY CHIP PRODUCTION IN THE U.S.

META $META PLANS TO LAUNCH CAMERA-FREE "LUNA" SMART GLASSES THIS FALL The Information reports the launch comes amid mounting privacy concerns.

SEVERAL EXPLOSIONS HEARD ON IRAN'S QESHM ISLAND -IRNA CITING LOCAL SOURCES AS SAYING

🚨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