PCE INFLATION SEEN AT 3.6% IN JULY
Oxford Economics expects the Fed’s preferred inflation gauge, headline PCE, to rise 3.6% year-over-year in July, easing slightly from 3.7% in June.
The report is due later this month.
With services inflation cooling and the labor market showing little sign of overheating, Oxford Economics expects the Fed to keep rates unchanged for the rest of 2026.
(@WalterBloomberg)
Oxford Economics expects the Fed’s preferred inflation gauge, headline PCE, to rise 3.6% year-over-year in July, easing slightly from 3.7% in June.
The report is due later this month.
With services inflation cooling and the labor market showing little sign of overheating, Oxford Economics expects the Fed to keep rates unchanged for the rest of 2026.
(@WalterBloomberg)
👍5
🇺🇸 TRADERS NO LONGER FULLY PRICE IN A FED RATE HIKE THIS YEAR
Prediction markets now see a 70% chance the Fed holds rates steady in September, versus 29% odds of a 25bp hike.
A 25bp cut is priced at just 2%.
Markets are increasingly betting the Fed can remain on hold as inflation cools.
https://t.co/3TXWilnZWT
(@WalterBloomberg)
Prediction markets now see a 70% chance the Fed holds rates steady in September, versus 29% odds of a 25bp hike.
A 25bp cut is priced at just 2%.
Markets are increasingly betting the Fed can remain on hold as inflation cools.
https://t.co/3TXWilnZWT
(@WalterBloomberg)
👍6👏1
MUSK TURNS TO NATURAL GAS TO POWER AI
Elon Musk is increasingly embracing natural gas to meet SpaceX’s massive AI power needs.
SpaceX plans a gas-fired power plant for its $16.8B Texas chip facility, while its Tennessee and Mississippi data centers already use dozens of gas turbines.
Musk expects data-center capacity to reach 10–15 GW by 2027, potentially making SpaceX America’s largest operator.
The strategy prioritizes rapid, off-grid power as AI electricity demand surges.
(@WalterBloomberg)
Elon Musk is increasingly embracing natural gas to meet SpaceX’s massive AI power needs.
SpaceX plans a gas-fired power plant for its $16.8B Texas chip facility, while its Tennessee and Mississippi data centers already use dozens of gas turbines.
Musk expects data-center capacity to reach 10–15 GW by 2027, potentially making SpaceX America’s largest operator.
The strategy prioritizes rapid, off-grid power as AI electricity demand surges.
(@WalterBloomberg)
👎4
U.S. DEFENSE SECRETARY HEGSETH ON IRAN: U.S. CAN HOLD BLOCKADE AS LONG AS NEEDED
(@WalterBloomberg)
(@WalterBloomberg)
👎10👏8👍2
$AMD - AMD EYES $5 BILLION DEBT SALE FOR AI EXPANSION
AMD plans to raise up to $5B through a four-part bond sale, potentially its largest ever.
The chipmaker is ramping up spending as AI computing demand surges, following major agreements with Anthropic and Microsoft ($MSFT).
AMD has also committed up to $5B to Anthropic.
Proceeds will fund general corporate purposes, potentially including debt repayment, with $875M in bonds maturing next month.
(@WalterBloomberg)
AMD plans to raise up to $5B through a four-part bond sale, potentially its largest ever.
The chipmaker is ramping up spending as AI computing demand surges, following major agreements with Anthropic and Microsoft ($MSFT).
AMD has also committed up to $5B to Anthropic.
Proceeds will fund general corporate purposes, potentially including debt repayment, with $875M in bonds maturing next month.
(@WalterBloomberg)
👎2👍1
DIESEL CRACKS RISE ABOVE $98.00, AN ALL-TIME HIGH, AFTER REPORTS SAY YEMEN'S HOUTHIS ATTACKED ARAMCO REFINERY IN SAUDI ARABIA
(@WalterBloomberg)
(@WalterBloomberg)
👍2👎2
U.S. SENDING FRESH AIRCRAFT CARRIER TO MIDDLE EAST AMID IRAN WAR STRAIN
(@WalterBloomberg)
(@WalterBloomberg)
👍5👎4👏3
U.S. SENDS FRESH AIRCRAFT CARRIER TO MIDDLE EAST
The U.S. is preparing to deploy the USS George Washington to the Middle East, replacing the USS Abraham Lincoln in a previously scheduled rotation.
The Lincoln has spent 250+ days deployed and a record 200 days without a port call after supporting U.S. operations against Iran.
Lawmakers have raised concerns over reported supply shortages, exhaustion, plumbing problems and deteriorating mental health among sailors.
(@WalterBloomberg)
The U.S. is preparing to deploy the USS George Washington to the Middle East, replacing the USS Abraham Lincoln in a previously scheduled rotation.
The Lincoln has spent 250+ days deployed and a record 200 days without a port call after supporting U.S. operations against Iran.
Lawmakers have raised concerns over reported supply shortages, exhaustion, plumbing problems and deteriorating mental health among sailors.
(@WalterBloomberg)
👍7👎4👏2
U.S. LOSES 25% OF REAPER DRONE FLEET
The U.S. military has lost at least 45 MQ-9 Reaper drones during the Iran war—roughly 25% of its prewar fleet.
The losses could exceed $1.3B, with some drones reportedly shot down and others crashing after communication failures.
Heavy operations around the Strait of Hormuz have accelerated losses.
The conflict is also straining broader U.S. weapons stockpiles, with the Pentagon seeking $67B to replenish its arsenal.
(@WalterBloomberg)
The U.S. military has lost at least 45 MQ-9 Reaper drones during the Iran war—roughly 25% of its prewar fleet.
The losses could exceed $1.3B, with some drones reportedly shot down and others crashing after communication failures.
Heavy operations around the Strait of Hormuz have accelerated losses.
The conflict is also straining broader U.S. weapons stockpiles, with the Pentagon seeking $67B to replenish its arsenal.
(@WalterBloomberg)
👍11
DETROIT AUTOMAKERS TO ARGUE TO WHITE HOUSE THAT REVISED NORTH AMERICAN TRADE DEAL COULD COST THEM BILLIONS, SOURCES SAY
(@WalterBloomberg)
(@WalterBloomberg)
👍5
DETROIT WARNS TRADE REVAMP COULD COST BILLIONS
Detroit automakers warn proposed changes to the North American trade deal could add at least $2B in annual costs per automaker.
Washington wants vehicles to contain at least 50% U.S.-made content to qualify for lower tariffs.
GM ($GM) already expects $2.5B–$3.5B in tariff costs this year, while Ford ($F) estimates a $1B hit.
Automakers argue foreign rivals face lower tariff burdens.
(@WalterBloomberg)
Detroit automakers warn proposed changes to the North American trade deal could add at least $2B in annual costs per automaker.
Washington wants vehicles to contain at least 50% U.S.-made content to qualify for lower tariffs.
GM ($GM) already expects $2.5B–$3.5B in tariff costs this year, while Ford ($F) estimates a $1B hit.
Automakers argue foreign rivals face lower tariff burdens.
(@WalterBloomberg)
👍7
TRUMP ON IRAN: PRETTY SOON I'LL BE DECLARING HORMUZ STRAIT A TERRITORY OF THE UNITED STATES
(@WalterBloomberg)
(@WalterBloomberg)
👎18👍12👏6
IRAN'S FM ARAQCHI SAYS MEDIATORS QATAR, PAKISTAN EXCHANGING MESSAGES WITH IRAN BUT THIS DOES NOT MEAN TALKS -ISNA
(@WalterBloomberg)
(@WalterBloomberg)
U.S. PUSHES ALLIES TO CHOOSE SIDES IN AI RACE
Washington is preparing to warn partner countries against joining competing Chinese AI initiatives, according to Reuters.
Countries aligned with the U.S.-led Pax Silica framework could risk exclusion if they also participate in Beijing’s coalition.
The strategy aims to secure AI chips, models and critical-mineral supply chains as Chinese open-weight models gain ground against U.S. rivals.
(@WalterBloomberg)
Washington is preparing to warn partner countries against joining competing Chinese AI initiatives, according to Reuters.
Countries aligned with the U.S.-led Pax Silica framework could risk exclusion if they also participate in Beijing’s coalition.
The strategy aims to secure AI chips, models and critical-mineral supply chains as Chinese open-weight models gain ground against U.S. rivals.
(@WalterBloomberg)
IRAN REJECTS TRUMP’S HORMUZ THREAT
Iran says it will not be intimidated after President Trump threatened to declare the Strait of Hormuz U.S. territory.
Deputy Foreign Minister Kazem Gharibabadi said decisions over opening or closing the strategic waterway remain solely under Iran’s authority.
The comments signal continued confrontation over control of the critical global energy route.
(@WalterBloomberg)
Iran says it will not be intimidated after President Trump threatened to declare the Strait of Hormuz U.S. territory.
Deputy Foreign Minister Kazem Gharibabadi said decisions over opening or closing the strategic waterway remain solely under Iran’s authority.
The comments signal continued confrontation over control of the critical global energy route.
(@WalterBloomberg)
👍1
IRAN SAYS NO DECISION YET ON U.S. TALKS
Iran has not decided whether to resume negotiations with the United States, Foreign Minister Abbas Araqchi said.
Qatar and Pakistan continue exchanging messages with Tehran as mediators, but Araqchi stressed that these contacts do not constitute negotiations.
The comments suggest diplomacy remains active behind the scenes, but formal U.S.-Iran talks have yet to restart.
(@WalterBloomberg)
Iran has not decided whether to resume negotiations with the United States, Foreign Minister Abbas Araqchi said.
Qatar and Pakistan continue exchanging messages with Tehran as mediators, but Araqchi stressed that these contacts do not constitute negotiations.
The comments suggest diplomacy remains active behind the scenes, but formal U.S.-Iran talks have yet to restart.
(@WalterBloomberg)
*JANE STREET POSTED ROUGHLY $15B LOSS IN JULY: FT
(@WalterBloomberg)
(@WalterBloomberg)
👍2👏1
JANE STREET EXECUTIVES TO EMPLOYEES IN NOTE: JULY WAS A BAD MONTH, TRADING REVENUE WAS NEGATIVE FOR THE FIRST MONTH SINCE 2016
(@WalterBloomberg)
(@WalterBloomberg)
JANE STREET TAKES $15 BILLION JULY HIT
Jane Street lost about $15 billion in July as the AI selloff hit its exposure to Situational Awareness and other technology positions, Reuters reports.
The firm has still generated more than $40 billion in trading revenue this year.
Following the losses, Jane Street told employees it had significantly reduced risk in affected strategies and would become more selective.
(@WalterBloomberg)
Jane Street lost about $15 billion in July as the AI selloff hit its exposure to Situational Awareness and other technology positions, Reuters reports.
The firm has still generated more than $40 billion in trading revenue this year.
Following the losses, Jane Street told employees it had significantly reduced risk in affected strategies and would become more selective.
(@WalterBloomberg)
👏2