BESSENT: SOUTH KOREA WILL BUY US ENERGY
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U.S. JOB CUTS REACH 806,383 SO FAR IN 2025, HIGHEST FOR JAN–JULY SINCE 2020
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$MRNA - MODERNA TO SLASH 10% OF WORKFORCE AS BIOTECH CUTS COSTS, COVID SHOT SALES SLOW - CNBC
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🚨 TRUMP ON FED: POWELL TOO LATE
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*YEN WEAKENS TO 150 VERSUS DOLLAR FOR FIRST TIME SINCE APRIL 2
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*TRUMP: TRADE DEAL WITH KOREA
*TRUMP: 350B IN INVESTMENTS, 100B ENERGY PURCHASE, 15% TARIFF
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TRUMP: OTHER COUNTRIES ARE MAKING OFFERS FOR A TARIFF REDUCTION
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TRUMP: ." I WILL BE MEETING WITH SOUTH KOREAN TRADE DELEGATION THIS AFTERNOON
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🚨 TRADERS PRICE IN LESS THAN 50% CHANCE OF SEPTEMBER RATE CUT
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TREASURY 2-YEAR YIELD RISES TO 3.94%, HIGHEST SINCE JULY 16
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POWELL: REALLY HARD TO SAY IF DATA TO BE CLEAR BY NEXT MEETING
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*LULA CALLS SOME MINISTERS FOR EMERGENCY MEETING: GLOBO
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POWELL: WE HAD A NICE VISIT WITH THE PRESIDENT, HONOR TO HOST HIM
POWELL: IT WAS A GOOD VISIT
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POWELL: TARIFF/INFLATION PROCESS WILL BE SLOWER THAN EXPECTED
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TRADERS PARE BETS ON MORE THAN ONE FED RATE CUT THIS YEAR
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BESSENT: WE PULLED DOWN A LOT OF THE NON-TARIFF TRADE BARRIERS IN SOUTH KOREA DEAL
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TRUMP" FASTEST WAY TO END HUMANITARIAN CRISES IN GAZA IS FOR HAMAS TO SURRENDER AND RELEASE HOSTAGES
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🔸 $META: Citizens JMP Raises target price to $900 from $750
🔸 $META: BofA Securities Raises target price to $900 from $775
🔸 $META: DA Davidson Raises target price to $825 from $650
🔸 $META: Morgan Stanley Raises target price to $850 from $750
🔸 $META: Susquehanna Raises target price to $900 from $700
🔸 $META: KeyBanc Raises target price to $905 from $800
🔸 $META: BMO Capital Raises target price to $710 from $610
🔸 $META: Scotiabank Raises target price to $685 from $675
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S&P 500 FUTURES RISE ON TRADE DEALS, EARNINGS BOOST
President Trump’s deadline for new trade agreements passed at midnight, with no extension expected. The U.S. finalized deals with South Korea, Cambodia, Thailand, and Pakistan. South Korea will now face 15% tariffs, including on cars, which hit Hyundai and Kia shares. Trump also imposed steep tariffs: 25% on Indian goods and 50% on Brazilian goods. A deal with Canada looks unlikely, with Trump citing political disagreements.
Microsoft and Meta shares jumped after strong earnings, boosting Nasdaq-100 futures over 1%. Microsoft neared a $4 trillion valuation, joining Nvidia, which recently passed that mark. Apple and Amazon report later today.
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U.S. TARIFF ON EU WINE AND SPIRITS TO BE 15% FROM AUG 1 UNTIL A DEAL ON THE SECTOR IS REACHED BETWEEN EU AND US- EU OFFICIAL
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*META 2Q EPS $7.14, EST. $5.89
*META 2Q REV. $47.52B, EST. $44.83B
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*TRUMP: SOUTH KOREA HAS AN OFFER TO BUY DOWN 25% TARIFF
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TRUMP: WE ARE VERY BUSY IN WHITE HOUSE TODAY WORKING ON TRADE DEALS
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$AMZN - SENATOR WRITES AMAZON OVER PRICE HIKES TIED TO TARIFFS: AXIOS
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POWELL: WE'RE MONITORING SLACKER DATA QUALITY IN THE CPI
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KAMALA HARRIS SAYS WILL NOT RUN FOR GOVERNOR OF CALIFORNIA NEXT YEAR
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PELOSI SAYS SHE SUPPORTS THE SENATE'S STOCK TRADING BAN https://t.co/mQ2rKh8Hym
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*POWELL: DON'T SEE FISCAL BILL AS PARTICULARLY STIMULATIVE
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POWELL: 'STILL QUITE EARLY DAYS' TO SEE TARIFF IMPACTS ON PRICES
POWELL: TARIFFS STARTING TO SHOW UP IN CONSUMER PRICES
POWELL: WE'RE GOING TO HAVE TO WATCH AND LEARN ON TARIFFS AND INFLATION
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POWELL: MANY UNCERTAINTIES LEFT TO RESOLVE
POWELL: FEELS LIKE THERE'S MUCH MORE TO COME
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