WS #13618
No material new developments in the last 30 minutes. The dominant labor-market contraction narrative and the associated Fed rate-hike pause expectations remain unchanged, with no new data points or counter-signals to report.
Topics
Key developments
- US July payrolls fall 23,000, triggering 'bad news is good news' rally
- Senate passes sweeping Russia/Iran sanctions bill (86-11)
- Trump formally reopens removal of Fed Governor Lisa Cook
- Treasury sanctions crypto exchanges funding Iran's IRGC
- Airbnb beats earnings, raises guidance on AI-driven growth
- Cloudflare beats earnings, AI traffic >50%
- Twilio beats earnings, raises guidance
- The Trade Desk plunges 21% on weak guidance