BESSENT ON TARIFF RATES: TRUMP HAS CREATED A LOT OF LEVERAGE
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BESSENT ON FED'S POWELL: WE ARE NOT IN A RUSH
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BESSENT ON RATE DECISIONS: NOT SURE WHAT FED IS LOOKING AT
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BESSENT: DON'T HAVE DATES FOR TRUMP TO VISIT CHINA
BESSENT: NOTHING BEFORE LABOR DAY ON TRUMP-XI MEETING
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BESSENT: CAN GET INTO GOOD CADENCE OF REGULAR CHINA MEETINGS
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BESSENT: NOT SUSTAINABLE CHINA MAKES UP 30% WORLD MANUFACTURING
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BESSENT: TALKS WITH EU ARE GOING BETTER THAN THEY HAD BEEN
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EU PLANS 30% TARIFFS ON U.S. GOODS IF NO DEAL BY AUG. 1
The EU plans 30% tariffs on $117 billion of U.S. goods if a deal isn’t reached by August 1 and the U.S. imposes similar tariffs on EU exports. The measures would merge existing and proposed tariffs, hitting U.S. products like Boeing aircraft, cars, and bourbon, and could take effect next month if the U.S. moves ahead.
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U.S. FED TO CUT FUNDS RATE 25 BPS IN SEPTEMBER, SAY 56 OF 105 ECONOMISTS; ABOUT TWO-THIRDS EXPECT ONE OR TWO CUTS THIS YEAR
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*EU'S €100 BILLION NO-DEAL PLAN TO MATCH US 30% TARIFF
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UBS DELAYS ECB RATE CUT FORECAST
UBS no longer expects the European Central Bank to cut rates at this Thursday’s meeting. It now sees the 25 bps cut happening on September 11 instead, citing extended US-EU trade talks as a reason for the delay. UBS expects this September cut to be the final move in the current easing cycle.
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FORMER TWITTER CEO JACK DORSEY'S SQUARE TO ALLOW MERCHANT TO ACCEPT BITCOIN NATIVE TRANSACTIONS FROM TODAY
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*TRUMP CUTS TARIFF ON PHILIPPINE GOODS TO 19% FROM 20%
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CANADIAN PRIME MINISTER CARNEY SAYS OTTAWA WILL AGREE A DEAL WITH THE UNITED STATES THAT IS IN THE BEST INTERESTS OF CANADIANS
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MUSK: XAI GOAL IS 50 MILLION IN UNITS OF H100 EQUIVALENT-AI COMPUTE (BUT MUCH BETTER POWER-EFFICIENCY) ONLINE WITHIN 5 YEARS
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🚨 BESSENT: TRUMP HAS SAID HE'S NOT GOING TO FIRE POWELL
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BESSENT: FED TARIFF ANALYSIS 'IS A BIT OFF'
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BESSENT: THINGS LIKE MICROSOFT HACK TO BE ON CHINA AGENDA
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BESSENT: DON'T WANT CHINA DECOUPLING, WANT SUPPLY DE-RISKING
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🚨 BESSENT: WE ARE BACK ON TRACK WITH CHINA NEGOTIATIONS
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BESSENT: IN GOOD PLACE WITH CHINA, CAN MOVE ON TO BIGGER TALKS
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BESSENT: EU RETALIATORY PREPARATION IS A NEGOTIATING TACTIC
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36 OF 50 ECONOMISTS SAY THEY ARE WORRIED ABOUT U.S. FEDERAL RESERVE INDEPENDENCE; 14 SAY THEY ARE NOT
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U.S. FEDERAL RESERVE TO HOLD FEDERAL FUNDS RATE IN 4.25%-4.50% RANGE ON JULY 30, SAY ALL 105 ECONOMISTS
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$AMZN - BOFA RAISES AMAZON PRICE TARGET TO $265
BofA Securities raised its Amazon price target to $265 from $248, maintaining a Buy rating. Analyst Justin Post cites strong retail trends, accelerating AWS capex, and potential for AWS growth in the second half of the year. He also sees room for multiple expansion given sector trends and Amazon’s valuation.
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*TRUMP: ANNOUNCES TRADE DEAL WITH JAPAN - $550 INVESTMENT AND 15% TARIFF
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$TSLA - TESLA REGISTRATIONS IN CALIFORNIA FELL 21.1% IN Q2 - CALIFORNIA NEW CAR DEALERS ASSOCIATION
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TRUMP: PHILIPPINES WILL PAY A 19% TARIFF.
TRUMP: WE CONCLUDED OUR TRADE DEAL WITH PHILIPPINES
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MUSK ANNOUNCED THAT NVIDIA'S FIRST BATCH OF 550K GB200S & GB300S FOR XAI'S COLOSSUS 2 SUPERCLUSTER WILL GO ONLINE IN WEEKS
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STABLECOIN SUPPLY ON $ETH SURPASSES $140 BILLION
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