News

U.S. stocks fell further, with the Dow Jones Industrial Average down 1% and the S&P 500 Index down 0.6%.

According to Axios: U.S.-brokered negotiations between Israel and Lebanon are still ongoing at the U.S. State Department, a U.S. official said. He said negotiations were slow at first but then made significant progress on the action plan.

Goldman Sachs President Waldron: The Fed under the leadership of Warsh will mainly focus on balance sheet and inflation issues.

U.S. President Donald Trump's administration, which is targeting cutting-edge models for review before release, has proposed exempting "credible applicants" from the rigorous national security clearance review and agreeing to ongoing oversight and monitoring.

President Trump: Vice President Vance and the Republicans have done a great job fighting fraud in the states. Billions of dollars are being discovered, and if we find them all, we can balance the budget while reducing taxes.

Iranian official media stated that Iran carried out an attack in the Gulf of Oman against a US warship that was approaching Iranian territorial waters and had a "command and control center".

U.S. Central Command: Iran used drones to attack civilian airports. This was a deliberate, calculated and unjustified attack.

U.S. Central Command: Iran claimed today that it did not attack the passenger terminal at Kuwait International Airport and that the damage was caused by a U.S. missile interceptor. This statement is completely wrong.

In a statement, the Brazilian government expressed strong opposition to the recently proposed tariffs by the United States.

According to Lebanese TV Al-Mayadeen: Iran’s Foreign Minister said that our contacts with the United States have not been interrupted, but there has been no progress in negotiations.

Hungarian Prime Minister Mauzyar: This agreement may pave the way for Hungary to approve the first phase of Ukraine's accession negotiations with the EU.

Hungarian Prime Minister Mauzyar: The government does not support accelerating the negotiation process for Ukraine to join the EU.

Hungarian Prime Minister Mauzyar: Reached a key agreement with Ukraine on the rights of Hungary’s ethnic minorities.

According to Iran's Tasnim News Agency: Iran's Revolutionary Guards stated that the damage to the airport terminal was caused by the failure of the US "Patriot" air defense system to intercept Iranian missiles and subsequent system failure.

Federal Reserve Beige Book: Economic activity grew at a moderate to faster rate in 10 of the 12 Fed regions, while one region reported a slight decline and one region said there was no change.

Federal Reserve Beige Book: In 11 regions, employment conditions were almost unchanged, while one region saw a small increase.

Fed Beige Book: More broadly, a report on the business outlook for the next six months showed little change in expected growth as high uncertainty and weak consumer spending weighed on sentiment.

Federal Reserve Beige Book: Overall, prices are rising at a moderate to strong pace, with inflation levels in most areas higher than the last reported data.

The Federal Reserve will release its Beige Book on economic conditions in ten minutes.

Market news: Hungary has lifted its two-year veto on Ukraine's EU membership.