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 ahead of a closely watched decision from Fed Chair Kevin Warsh.
(@WalterBloomberg)

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 diplomacy and resolving outstanding issues, while reaffirming closer U.S.-Oman coordination on regional security and stability.
(@WalterBloomberg)

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 a public safety issue, not a free-speech issue.

She also rejected claims that tougher Western rules would hand China an advantage.
(@WalterBloomberg)

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 channel were also disrupted.

An internal email cited significant downstream impacts across multiple Fed operations.

The cause remains unclear.
(@WalterBloomberg)

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, while praising Justices Alito and Thomas for dissenting in the latest case.

He claimed the Court’s decisions could cost the U.S. trillions of dollars and cause lasting damage.
(@WalterBloomberg)

U.S. GASOLINE AND DIESEL PRICES SURGE

U.S. fuel prices jumped sharply, adding fresh pressure on consumers and inflation.

Regular gasoline rose 16.2 cents weekly to $4.319/gallon, now $1.151 higher than a year ago.

Diesel surged 31.8 cents to $6.285/gallon, up $2.546 year-over-year.

Market angle: rapidly rising fuel costs could reinforce inflation concerns ahead of Fed policy decisions.
(@WalterBloomberg)

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 Kazakhstan.

Brent jumped 1.6% to $107.39, while WTI surged 2.1% to $103.51.

Market angle: tightening physical supply is overpowering diplomatic optimism.
(@WalterBloomberg)

*LIBYA NOC: OUTPUT HALTED AT HAMADA, AL-TAHARA FIELDS

*LIBYA FIELDS SHUTDOWN DUE TO PIPELINE CLOSURE: NOC
(@WalterBloomberg)

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

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%
(@WalterBloomberg)

*BESSENT, ASKED ON 10-YR YIELDS, BLAMES OIL PRICE RISE
(@WalterBloomberg)

*BESSENT: 'WE HAVE SET THE TABLE FOR A ROBUST ECONOMY'
(@WalterBloomberg)

BESSENT: WE ARE NOW ENDING IRAN THREAT, NOT 'MANAGING' IT
(@WalterBloomberg)

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.
(@WalterBloomberg)

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

BESSENT: WE HAVE HAD GOOD PRIVATE DISCUSSIONS WITH CHINA ON IRANIAN FINANCIAL LINKS
(@WalterBloomberg)

*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
(@WalterBloomberg)

BESSENT SAYS U.S. BOND MARKET IS THE BEST-PERFORMING IN THE WORLD
(@WalterBloomberg)

BESSENT: TRUMP ADMINISTRATION IS AT FOREFRONT OF EXAMINING AI MODELS
(@WalterBloomberg)

*BESSENT SAYS WILL MEET CHINA'S HE LIFENG THIS WEEKEND
(@WalterBloomberg)

BESSENT: DECREASE IN RESERVE HOLDINGS OF DOLLARS IS MAINLY FROM RUSSIA AND CHINA
(@WalterBloomberg)