CANADIAN MINISTER IN CHARGE OF U.S. TRADE TIES WILL MEET U.S. TRADE REPRESENTATIVE GREER AT 10:30 EDT ON FRIDAY IN WASHINGTON - CANADIAN STATEMENT
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JPMORGAN WARNS OF AUTUMN SELLOFF AS AI ECHOES 2000
JPMorgan sees growing risks of a late-summer or early-autumn market downturn despite major indexes remaining in bullish trends.
The bank points to weakening market internals, defensive rotation and fading conviction in AI stocks.
Strategist Jason Hunter sees similarities between today’s AI trade and the 1999-2000 tech boom, raising concerns about crowded technology exposure.
Rising Treasury yields, Middle East tensions and softer consumer spending add to the risks.
(@WalterBloomberg)
JPMorgan sees growing risks of a late-summer or early-autumn market downturn despite major indexes remaining in bullish trends.
The bank points to weakening market internals, defensive rotation and fading conviction in AI stocks.
Strategist Jason Hunter sees similarities between today’s AI trade and the 1999-2000 tech boom, raising concerns about crowded technology exposure.
Rising Treasury yields, Middle East tensions and softer consumer spending add to the risks.
(@WalterBloomberg)
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PRIVATE EQUITY FIRM APOLLO CONFIRMS DATA BREACH AMID HACKING WAVE TARGETING FINANCIAL GIANTS- TECHCRUNCH
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BITCOIN ETF INFLOWS TOP $1 BILLION IN TWO DAYS
Bitcoin ETFs attracted more than $1 billion in net inflows over the past two days, including $606 million on Thursday.
Four-day inflows have now reached $1.61 billion, signaling renewed investor appetite for crypto.
The rebound comes amid increased attention from the Trump administration and renewed “dollar debasement” trades.
Bitcoin briefly topped $79,000 overnight and was recently up 5.8% near $76,900.
(@WalterBloomberg)
Bitcoin ETFs attracted more than $1 billion in net inflows over the past two days, including $606 million on Thursday.
Four-day inflows have now reached $1.61 billion, signaling renewed investor appetite for crypto.
The rebound comes amid increased attention from the Trump administration and renewed “dollar debasement” trades.
Bitcoin briefly topped $79,000 overnight and was recently up 5.8% near $76,900.
(@WalterBloomberg)
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U.S. S&P GLOBAL AUGUST FLASH COMPOSITE PMI AT 56.0 (VS 54.5 IN JULY)
U.S. S&P GLOBAL AUGUST FLASH SERVICES PMI AT 56.8 (FORECAST 54.0)
U.S. S&P GLOBAL AUGUST FLASH MANUFACTURING PMI AT 53.2 (FORECAST 53.9)
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U.S. S&P GLOBAL AUGUST FLASH SERVICES PMI AT 56.8 (FORECAST 54.0)
U.S. S&P GLOBAL AUGUST FLASH MANUFACTURING PMI AT 53.2 (FORECAST 53.9)
(@WalterBloomberg)
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🇺🇸🇮🇷 US-IRAN NUCLEAR DEAL ODDS SLIDE
Prediction markets are turning increasingly skeptical about a near-term U.S.-Iran nuclear agreement.
Kalshi currently prices the chances of a deal at:
• 11% before March 1, 2027
• 22% before January 1, 2028
• 35% before January 20, 2029
https://t.co/kb5NlKl3b8
(@WalterBloomberg)
Prediction markets are turning increasingly skeptical about a near-term U.S.-Iran nuclear agreement.
Kalshi currently prices the chances of a deal at:
• 11% before March 1, 2027
• 22% before January 1, 2028
• 35% before January 20, 2029
https://t.co/kb5NlKl3b8
(@WalterBloomberg)
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TRUMP ADMIN TAPS FORMER JPMORGAN CHASE EXEC MATT ZAMES TO ADVISE SOCIAL SECURITY AGENCY - CNBC
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CITADEL HAS SHED OVER 80% OF AGGREGATE RISK FROM SITUATIONAL AWARENESS PORTFOLIO - CNBC CITING LETTER
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OMANI, IRANIAN FMS DISCUSS CONDITIONS FOR RESUMING NEGOTIATIONS THAT SUPPORT RESUMPTION OF NAVIGATION THROUGH STRAIT OF HORMUZ - OMAN STATE NEWS AGENCY
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US INTENDS TO PAY $725 MILLION TOWARDS ITS U.N. DEBT, CONGRESSIONAL DOCUMENT SHOWS
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NEW YORK FED BOOSTS Q3 GDP OUTLOOK
The New York Fed raised its Q3 2026 GDP growth forecast to 2.3%, up from 2.14%.
The upgrade was driven by stronger-than-expected building permits and the Philadelphia Fed Manufacturing Survey.
The Fed sees a 50% probability range of 1.1%–3.4%, while the wider 80% range stands at 0.0%–4.5%.
(@WalterBloomberg)
The New York Fed raised its Q3 2026 GDP growth forecast to 2.3%, up from 2.14%.
The upgrade was driven by stronger-than-expected building permits and the Philadelphia Fed Manufacturing Survey.
The Fed sees a 50% probability range of 1.1%–3.4%, while the wider 80% range stands at 0.0%–4.5%.
(@WalterBloomberg)
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U.S. MOVES TO PAY $725 MILLION TO U.N.
The Trump administration has begun transferring $725 million to the United Nations, ahead of President Trump’s expected U.N. speech next month.
The payment represents less than 20% of the $4+ billion the U.N. says Washington owes.
The funds could temporarily ease the U.N.’s severe cash crisis, helping cover salaries and operations.
Without further payments, experts warn the U.S. could risk losing General Assembly voting rights in January.
(@WalterBloomberg)
The Trump administration has begun transferring $725 million to the United Nations, ahead of President Trump’s expected U.N. speech next month.
The payment represents less than 20% of the $4+ billion the U.N. says Washington owes.
The funds could temporarily ease the U.N.’s severe cash crisis, helping cover salaries and operations.
Without further payments, experts warn the U.S. could risk losing General Assembly voting rights in January.
(@WalterBloomberg)
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Without further payments, experts warn the U.S. could risk losing General Assembly voting rights in January.
(@WalterBloomberg)
(@WalterBloomberg)
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DALIO: DUMP BONDS, BUY GOLD AS DEBT CRISIS LOOMS
Ray Dalio warns a U.S. debt crisis could hit within three years, as deficits and interest costs surge.
He recommends underweighting bonds and allocating 10%–15% to gold, plus a small Bitcoin position.
Dalio argues rising debt could force higher rates or money printing, weakening currencies and fueling inflation.
He expects gold and Bitcoin to outperform as investors seek alternatives to government-backed assets.
(@WalterBloomberg)
Ray Dalio warns a U.S. debt crisis could hit within three years, as deficits and interest costs surge.
He recommends underweighting bonds and allocating 10%–15% to gold, plus a small Bitcoin position.
Dalio argues rising debt could force higher rates or money printing, weakening currencies and fueling inflation.
He expects gold and Bitcoin to outperform as investors seek alternatives to government-backed assets.
(@WalterBloomberg)
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TRUMP SAYS BESSENT ACTED ALONE ON TREASURY BUYBACKS
President Trump says he did not direct Treasury Secretary Scott Bessent to intervene in bond markets.
Bessent independently doubled planned Treasury buybacks and signaled purchases could increase further.
The move initially pushed yields lower, but most of the decline was reversed by Friday as concerns over U.S. debt and inflation persisted.
(@WalterBloomberg)
President Trump says he did not direct Treasury Secretary Scott Bessent to intervene in bond markets.
Bessent independently doubled planned Treasury buybacks and signaled purchases could increase further.
The move initially pushed yields lower, but most of the decline was reversed by Friday as concerns over U.S. debt and inflation persisted.
(@WalterBloomberg)
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U.S. LABOR MARKET MAY BE WEAKER THAN HEADLINE DATA
Nearly 25% of U.S. workers were “functionally unemployed” in July, according to the Ludwig Institute’s alternative labor-market measure.
The metric includes unemployed workers, involuntary part-timers and those earning poverty-level wages.
The rate has risen for four straight months, while workforce participation has declined, signaling potential labor-market weakness despite the official 4.1% unemployment rate.
(@WalterBloomberg)
Nearly 25% of U.S. workers were “functionally unemployed” in July, according to the Ludwig Institute’s alternative labor-market measure.
The metric includes unemployed workers, involuntary part-timers and those earning poverty-level wages.
The rate has risen for four straight months, while workforce participation has declined, signaling potential labor-market weakness despite the official 4.1% unemployment rate.
(@WalterBloomberg)
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U.S. MILITARY SAYS A U.S. NAVY P-8A POSEIDON TRANSITED THE TAIWAN STRAIT IN INTERNATIONAL AIRSPACE ON AUGUST 21
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HUMANOID ROBOT 'LIGHTNING', DEVELOPED BY CHINESE FIRM HONOR, RAN 100 METERS IN 9.32 SECONDS DURING A TEST EVENT - CCTV
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IRAN GRANTS SOME IRAQI OIL TANKERS PASSAGE THROUGH HORMUZ
Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, according to IRNA.
The special permission comes as overall shipping through the Strait remains severely restricted.
Iraq, which relies heavily on Gulf export routes, is also working to expand alternative oil shipments through Turkey, Syria and Jordan.
(@WalterBloomberg)
Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, according to IRNA.
The special permission comes as overall shipping through the Strait remains severely restricted.
Iraq, which relies heavily on Gulf export routes, is also working to expand alternative oil shipments through Turkey, Syria and Jordan.
(@WalterBloomberg)
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USTR GREER: DON'T HAVE NEW TALKS PLANNED WITH CANADA- FOX NEWS INTERVIEW
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