U.S. STOCKS EXTEND FALL, NASDAQ DOWN 1.00%
(@WalterBloomberg)
BITCOIN FALLS BELOW $109,000
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*GERMANY, FRANCE SEEK SECONDARY SANCTIONS ON RUSSIA'S BACKERS
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INDIA CHIEF ECONOMIC ADVISER: ADDITIONAL TARIFF IMPOSED BY U.S. ON INDIA COULD BE SHORT LIVED
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EU'S KALLAS SAYS THERE IS BROAD SUPPORT TO EXPAND EU MILITARY TRAINING MISSION TO OPERATE INSIDE UKRAINE AFTER A TRUCE
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COOK LAWYER CALLS NEW ALLEGATION AN 'OBVIOUS SMEAR CAMPAIGN'
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U.S. TO REVOKE AUTHORIZATIONS FOR INTEL, SK HYNIX AND SAMSUNG TO RECEIVE AMERICAN CHIPMAKING EQUIPMENT IN CHINA UNLESS THEY OBTAIN LICENSES - FEDERAL REGISTER
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TRADERS STILL EXPECT SEPT FED RATE CUT
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*US JULY CORE PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3%
*US JULY PCE PRICE INDEX RISES 2.6% Y/Y; EST. +2.6%
*US JULY CORE PCE PRICE INDEX RISES 2.9% Y/Y; EST. +2.9%
*US JULY PCE PRICE INDEX RISES 0.2% M/M; EST. +0.2%
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SENATE DEMOCRATS URGE TRUMP ADMINISTRATION TO PAUSE IPO PLAN FOR FANNIE, FREDDIE
SENATE DEMOCRATS PUSH FOR STUDY OF POSSIBLE EFFECTS OF IPO PLAN ON MORTGAGE RATES
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ZELENSKIY SAYS UKRAINE'S ALLIES AGREED TO WAIT UNTIL SEPT.1 FOR RUSSIA TO SHOW READINESS FOR BILATERAL MEETING
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ECONOMIC DATA TODAY https://t.co/DqokQ6stuh
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TRUMP REVOKES KAMALA HARRIS' SECRET SERVICE PROTECTION: CNN
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NVIDIA SHARES DROP 1.2% PREMARKET; WSJ REPORTS ALIBABA DEVELOPS NEW AI CHIP TO HELP FILL NVIDIA VOID
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WALLER: WANTED RATE CUT IN JULY, FEELS MORE STRONGLY ABOUT IT NOW
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*MICHIGAN FINAL AUG. 1-YR EXPECTED INFLATION AT 4.8% VS 4.9%
*MICHIGAN FINAL AUG. CONSUMER SENTIMENT AT 58.2; EST. 58.6
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CHICAGO PMI AUGUST INDEX 41.5 (CONSENSUS 46.0)
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$NVA -NVIDIA LOSS WIDENS TO 3%
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NVIDIA SHARES DROP 1.7%; WSJ REPORTS ALIBABA DEVELOPS NEW AI CHIP TO HELP FILL NVIDIA VOID IN CHINA
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BRAZIL'S LULA: I'M IN NO RUSH TO RECIPROCATE U.S. TARIFFS ON BRAZIL GOODS, PROCESS WILL TAKE SOME TIME
BRAZIL'S LULA: I WANT TO NEGOTIATE WITH THE U.S.
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U.S. FURTHER EXTENDS EXCLUSIONS UNDER 301 PROBE INTO CHINA AND TECHNOLOGY TRANSFER, IP AND INNOVATION TO NOV. 29 -FEDERAL REGISTER
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TRUMP CANCELS NEARLY $5B IN FOREIGN AID: OMB
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*US JULY PERSONAL SPENDING RISES 0.5% M/M; EST. +0.5%
*US JULY REAL PERSONAL SPENDING RISES 0.3% M/M; EST. +0.3%
*US JULY PERSONAL INCOME RISES 0.4% M/M; EST. +0.4%
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FED SAYS IT WON'T MAKE ARGUMENTS AT COOK HEARING
FED REITERATES THAT IT WILL ABIDE BY ANY COURT RULING
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S&P 500 SET FOR 4TH STRAIGHT MONTHLY GAIN
🔸 August ends Friday with all three major indexes up 2.5%+ through Thursday.
🔸 S&P 500 & Dow: On track for a 4-month winning streak (longest since Sept. 2024).
🔸 Nasdaq: Heading for a 5th straight monthly gain, best run in ~18 months.
🔸 Gains came despite headwinds: weak Aug. 1 jobs report, Trump’s tariff hikes, and his move to fire Fed Governor Lisa Cook.
🔸 Market strength driven by strong earnings, AI enthusiasm, and light trading volumes.
🔸 Dow & S&P 500 hit record highs Thursday, with the S&P marking its 20th record close this year.
(@WalterBloomberg)
*GERMANY PRELIM AUG. CONSUMER PRICES RISE 0.1% M/M; EST. +0.0%
*GERMANY PRELIM AUG. CONSUMER PRICES RISE 2.2% Y/Y; EST. +2.1%
*GERMANY PRELIM AUG. HARMONIZED CPI RISES 2.1% Y/Y; EST. +2.0%
*GERMANY PRELIM AUG. HARMONIZED CPI RISES 0.1% M/M; EST. +0.0%
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ALIBABA EXEC - HAVE CUMULATIVELY INVESTED OVER 100 BILLION RMB IN AI INFRASTRUCTURE AND AI PRODUCT R&D
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CHINA CONSIDERS BOOSTING RUSSIAN GAS IMPORTS VIA EXISTING POWER OF SIBERIA PIPELINE 1 BY 6 BCM A YEAR, SOURCES SAY
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Wow. A RECORD net 91% of FMS investors say US equities are overvalued
(@CheddarFlow)
WALLER SAYS HE ANTICIPATES ADDITIONAL RATE CUTS OVER NEXT 3-6 MONTHS
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