As evidence for Warsh’s rough start as Fed chair, the Treasury secretary is now going after reporters for their coverage of the central bank.
Nicholas Brown
@nicholasabrown.bsky.social
Formerly Senior Correspondent at Punk Rock Traders. 20 y/o who posts news, political news, stock mkt news, etc. Seen on Benzinga, SquawkCNBC & YahooFinance.
$GOOGL - Google’s Chief Scientist Is Leaving After 27 Years—To Start His Own AI Company - WSJ
Google’s Chief Scientist Is Leaving After 27 Years—to Start His Own AI Company
Three other longtime Google scientists will join Jeff Dean to launch Discovery Loop, which will apply automated AI research to drug design and other challenges.
wsj.com
$DIS | Disney To Sell A+E Global Media Stake To Hearst For $1.2 Billion - WSJ
Disney to Sell Its Stake in A+E Global Media to Hearst for About $1.2 Billion
The deal will give Hearst full ownership of prominent brands such as Lifetime and The History Channel.
wsj.com
No pick-up in hiring yet, but we may have already hit bottom on job openings.
Ben Casselman@bencasselman.bsky.social · yesterdayThe ratio of job openings to unemployed workers has ticked back over 1:1. Suggests that (in the aggregate) it has gotten a bit easier to find a job, though still nothing like the "Great Resignation" heyday of 2021-22.
* OIL PRICES EXTEND LOSSES AFTER REPORT SAYS IRAN IS CONSIDERING ALLOWING EUROPE TO CLEAR MINES IN STRAIT OF HORMUZ [Brent $79] @reuters.com
WELLS CEO Charlie Scharf, on CNBC, responds: ".. The data that we see totally supports what he says. Totally supports what he says. Our credit card spend is up 10% .. not just the affluent customers. .. Everyone is spending more." @cnbc.com
Carl Quintanilla@carlquintanilla.bsky.social · yesterdayBESSENT on CNBC: "I get sick of hearing about this 'K-shaped economy'. .. The 'K-shaped economy' is over." @cnbc.com
RBAdvisors: ".. Dr. Copper (a supposed PhD in Economics) continues to scream for the Fed to raise rates. No one seems to be listening."
S&P 500 opens at a record high @mikezaccardi.bsky.social $SPX
$F reports July US sales: total vehicles down 10.2% YoY
$WFC - Wells Fargo To Roll Out Tokenized Deposits For Corporate Clients - WSJ
Exclusive | Wells Fargo to Roll Out Tokenized Deposits for Corporate Clients
The bank is the latest to embrace blockchain to make payments and transfers faster and more efficient.
wsj.com
The AI Boom Is Transforming The American Economy Beyond Recognition - WSJ
The AI Boom Is Transforming the American Economy Beyond Recognition
AI has rapidly become a huge economic factor while affecting everything from capital investment to how much you pay for an iPhone.
wsj.com
$XOM $CVX - Trump Says Exxon And Chevron Made ‘Too Much Money’ Off High Oil Prices During Iran Conflict: ‘I Don’t Like It’ - CNBC
Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'
cnbc.com
NEW in @wsj.com: a trail of missteps in the search for Nancy Guthrie - The homicide lead was reprimanded for 'poor judgment' 2 months prior - Deputies minimized the importance of blood found on the porch - The FBI says asks for federal assistance came late Read more: www.wsj.com/us-news/how-...
‘How Can Someone Vanish Without a Trace?’
Six months after Nancy Guthrie was kidnapped from her bed, investigators have little to show beyond a trail of tragic missteps.
wsj.com
* TRUMP TELLS OIL COMPANIES "GET YOUR CONSUMER (RETAIL!) OIL PRICES DOWN, NOW!"
$WDAY above it's 200 day for the first time since Oct 2025
Tim Duy: ".. With his public performance last week, which likely mirrored his private performance during the FOMC meeting, Warsh probably helped ensure that Biden appointees do not leave the Board voluntarily.." (h/t @weisenthal.bsky.social)
Michael Derby@michaelsderby.bsky.social · 2d agoTim Duy, SGH Macro, on the disappearing Fed Chair: "Warsh appears to have ceded intellectual leadership on the Board to others, most notably Governor Chris Waller. Institutionally, the Board is likely to solidify its own position which will have the effect of minimizing Warsh’s influence."
$AMZN - Amazon Hits $3T In Market Cap For The First Time Ever
".. both nations are determined to bolster the Japanese currency, which has faced steep depreciation as the country struggles with surging energy import costs tied to the Iran conflict." @wsj.com www.wsj.com/finance/curr...
Fed’s Barkin Says It’s A ‘Close Call’ Whether Rates Are High Enough - WSJ
Exclusive | Fed’s Barkin Says It’s a ‘Close Call’ Whether Rates Are High Enough
The Richmond Fed president said he doesn’t know whether he would have joined the three colleagues who dissented in favor of a rate increase.
wsj.com
BESPOKE "If the 7.9% decline for Apple this morning holds through the close, it would be its worst earnings reaction day since its January 2014 report. Worst in 12+ years." $AAPL
"... The email to staff said global market signals pointed to “potential oversupply and lower oil and gas prices”, which meant BP had to be “competitive at the bottom of the cycle, not just the top”...." $BP @financialtimes.com
Citadel Bought All - Not Just 'Some,' As WSJ Report Suggested - Of Situational Awareness LP's Stock Portfolio -Report From Axios' Dan Primack
(WSJ) - Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin’s investment firm Citadel after suffering deep losses, according to people familiar with the matter.
Exclusive | Citadel Buys Situational Awareness’s Stock Portfolio After Big Losses in AI
The highflying hedge fund run by Leopold Aschenbrenner is in crisis mode after AI-related bets sank.
wsj.com
* ABC SAYS TRUMP ADMINISTRATION IS RETALIATING AGAINST NETWORK OVER ITS NEWS COVERAGE IN EARLY LICENSE REVIEW, SENDING WARNING TO ALL OTHER MEDIA COMPANIES -- FILING @reuters.com $DIS
Jersey Mike's Subs indicated to open at $23-$24, IPO priced at $23 $JMKE