| HIGH | Non-Farm Employment Change |
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USD | F:58K | P:-23K |
Remember how bitcoin was supposed to rise with money supply? here's why that didn't happen
August jobs report preview: what would make a fed hike a done deal?
Crusoe signs roughly $13 billion ai cloud deal with jane street' - bloomberg
Snowflake signals surging ai data cloud demand; broadcom sees strong chip demand through 2028; yen strengthens
U.S. official says pentagon is temporarily rescinding recent guidance on U.S. troops testosterone screening
Auto industry group urges U.S. lawmakers to pass comprehensive ban on chinese vehicles before end of year
President trump posts on truth social " hundreds of billions of dollars was given to ukraine and nato, free of charge, that europe would have paid for — if they were only asked, but we will be asking for that money, though somewhat belatedly!"
President trump posts on truth social " we have virtually unlimited amounts of mid to high grade ammunition, far more than we could ever use for this, or for any other war (which is highly unlikely!), that could improbably take place. in addition, we are producing munitions at levels never seen before. we are stockpiling and preparing for any contingency that could happen"
Canada pm carney says ready to sit down and strike a trade deal with U.S. when washington is ready
Trump administration ratchets up its fight to get more oil flowing from california' - ktla 5
Ism non-manufacturing employment for august 47.8 vs 47.4 prior
Ism non-manufacturing pmi for august 55.4 vs 54.2 est.
Ism non-manufacturing prices for august 72.6 vs 70.3 prior
Fed’s waller favors holding rates in september — unless august inflation runs hot
USA s&p global composite pmi for august 56.0 vs 56.0 est
USA s&p global services pmi for august 56.5 vs 56.8 est
Under secretary of war emil michael says on x, "anthropic is still a designated supply chain risk at @deptofwar and for the defense industrial base"
Fed's waller says in reuters next interview that data task force must be wary of a 'trust problem' and use data people can verify
Fed's waller says 'not sure a whole lot will come out of' communications task force; pushback against scenario-based guidance last year was strong, fed officials hold 'very strong views' on communications
Fed's waller says in reuters next interview it 'doesn't do any good to surprise markets,' giving some idea of what's ahead lets investors make decisions
Fed's waller says in reuters next interview he has a 'very different view' from chair warsh on reaction function perfection
Fed's waller says in reuters next interview fed needs a consistent reaction function 'or you can't forecast,' calls it 'economics 101' and not 'weird advice'
Fed's waller says on 'hall of mirrors' problem, fed should focus on the economy, not financial markets
Fed's waller says 'what treasury does is treasury's business,' short-run interventions 'don't do much' but it's bessent's prerogative
Fed's waller in reuters next interview says loss of treasury 'convenience yield' is a 'bad story' that raises yields, term premium also rising as investors uncertain about dollar's reserve currency status
Fed's waller says in interview with reuters next that 'can't keep running a 3% structural deficit,' yields going up because of 'fiscal stuff' and ai competition for capital
Fed's waller says mortgage rates, auto loan rates are not low; loose financial conditions' is really a reflection of stock prices; rates that affect regular americans are not loose; not going to say wait until next year, but let's wait to see improvement on inflation; some interesting research shows premium for treasuries has gone away, also contributing to higher yields
Fed's waller says maybe should push aside nonmarket prices; if increasing potential capacity, inceased output is not inflationary; could see disinflation from ai, potential is rising; ai is an amazing technology; ai hasn't shown up yet in data
Fed's waller says willing to sit and wait and be patient; if that reverses in august willing to pull trigger on rate hike; might see a significant drop in core with revisions; don't want to put a number on it, but if 3-month number gets to 2.8 that's fine
Fed's waller says with cpi and ppi in hand, have a pretty accurate view of pce inflation
Federal reserve’s chris waller 'inclined’ to keep interest rates on hold" - financial times
Trade balance for july revised from -73.3b to -71.2b
USA imports for july 399.30b vs 388.00b prior
USA exports for july 310.70b vs 314.70b prior
USA continuing jobless claims revises prior from 1,778k to 1,771k
USA initial jobless claims revises prior from 203k to 204k
Continuing jobless claims 1,779k vs 1,771k prior
USA unit labor costs (qoq) for q2 1.2% vs 1.3% est.
USA nonfarm productivity (qoq) for q2 1.4% vs 1.4% est.
USA initial jobless claims 206k vs 205k est.
Israel's defense minister katz said an attack by iran against israel will free us from all restrictions
Peter schiff slams fed's 'strong economy' explanation for surging treasury yields
Challenger august job cuts up 58% mom, lowest august since 2022
Stock market today: dow jones, s&p 500 futures gain following trump comments saying 'market will go up'— avgo, snow, hpe, lulu in focus
Stock market: will s&p 500 open up or down today?
Nvidia's 8% grip on the s&p 500 is unlike anything wall street has seen
Next phase of ai–elon musk’s 1 billion robots
President trump says U.S. took out iranian rocket designed to drop mines, iran was trying to rebuild radar and missile systems
Fed beige book says economic activity increased modestly since early july, employment rose very slightly with five districts reporting no change
White house says that barrels from venezuela deal could hit reserves in U.S. in november