THE NEWS

On Monday, The Gateway Pundit reported on the devastating news about St Louis Blues hockey prospect Matthew Mayich.
St. Louis Blues prospect and Arizona State University hockey player Matthew Mayich collapsed during recent workouts and suffered cardiac arrest. – Blues photo
As TGP reported, Arizona State University hockey player Matthew Mayich collapsed suddenly during a military-style workout on August 20th and remains in critical condition.
According to The Athletic, the workout consisted of sprints, planks, push-ups, and bear crawls. The article points a finger at the former military man who conducted the workouts with the star athletes.
Via Cheri Maday, Matthew remains hospitalized in critical condition and a coma at the Barrow Neurological Institute in Phoenix, Arizona, following a collapse due to Cardiac Arrest during an outdoor team workout session.
No other Arizona State hockey players were reported to have suffered heat-related illness or required hospitalization during the session.
His family asked for continued prayers.

ASU hockey player Matthew Mayich remains hospitalized and is reportedly in critical condition five days after collapsing during an outdoor workout.
The 21-year-old reportedly suffered a possible cardiac event. His family is asking for continued prayers
(via @azcentral) pic.twitter.com/kImHKvy7Lc
— Gino Hard (@GinoHard_) August 26, 2026

On Tuesday we learned that from media reports that Matthew Mayich now has “zero chance of recovery.” He remains in a coma.
The New York Post reported:
Arizona State University hockey player Matthew Mayich is in a coma with “zero chance of recovery” after he collapsed during an outdoor team workout on Aug. 20, according to the family’s lawyer, Robert Carey.
During an interview with The Arizona Republic on Aug. 31, Carey said Mayich, who is a 21-year-old sophomore defenseman, “was disoriented and struggled well before he collapsed” at the school’s track…
…Chris Fiscus, ASU vice president of media relations, told The Arizona Republic that the university “is reviewing everything surrounding the workout” in a statement on Aug. 25.
Please pray for Matthew and his family.
This comes just years after the mandatory government experimental COVID shots. NIH-funded Stanford scientists finally admitted in December 2015 that the experimental vaccines can cause myocarditis. This was especially prevalent in young men who took the COVID shots.
The FDA announced in 2025 that ALL COVID vaccines are linked to “extremely high” risk of myocarditis and long-tern heart damage in young men.
Although there have been no reports linking this latest incident to the COVID shots, we would be remiss if we did not report on the COVID shots link to thousands of injuries, including injuries to healthy young men.

The post Update: Family of Matthew Mayich, St. Louis Blues Hockey Prospect from ASU, Now Says He Has ‘Zero Chance of Recovery’ and Remains in Coma appeared first on The Gateway Pundit.

Utah Judge Rules Charlie Kirk’s Alleged Assassin To Stand Trial

Authored by Darlene McCormick Sanchez and Janice Hisle via The Epoch Times,

The man accused of assassinating conservative commentator Charlie Kirk with a bullet to the neck will stand trial for aggravated murder, a Utah judge ruled on Sept. 1, almost a year after the fatal shooting rocked the nation.

Defendant Tyler James Robinson, 23, potentially faces the death penalty if convicted.

Judge Tony Graf Jr. of Provo’s Fourth District Court bound Robinson over to trial, noting the probable cause standard had been met by the state on all seven counts.

Robinson pleaded not guilty to all charges.

The attorney for the Kirk family requested that the judge set a trial date at the next court appearance scheduled for Oct. 23.

Robinson faces six other charges alongside aggravated murder: two counts of obstructing justice, two counts of witness tampering, along with causing serious bodily harm by discharging a firearm and committing violence in the presence of a child.

The judge explained that a probable cause hearing allows the admission of reliable hearsay in Utah, without violations to due process as argued by the defense.

Robinson had the “motive, means, and opportunity” to kill Kirk, the prosecution argued during the Sept. 1 preliminary hearing.

DNA evidence, eyewitness testimony, and surveillance videos all link Robinson to the shooting scene, they said.

“There is a mountain of evidence here. The evidence is overwhelming,” Deputy Utah County Attorney Ryan McBride said. “We know what Charlie Kirk stood for, and those ideas were repugnant to the defendant who was in a homosexual relationship with a man who is considering transitioning genders.”

Kirk’s alleged shooter imperiled other lives, prosecutors said. They argued this met the “aggravating” circumstance requirement for their pursuing a death-penalty-level charge against the defendant.

The circumstances included the presence of bystanders and children near Kirk as he was shot, the prosecution argued at the preliminary hearing.

The judge had noted before making his ruling that a man within two steps was able to render assistance to Kirk after he was shot and that at least two children were in the crowd.

Defense lawyers argued that the law requires proof beyond a mere “possibility” that someone else could have been killed.

There was only one shot, one bullet, and one victim, according to the defense, as they urged the judge to reject the prosecution’s aggravating factor argument.

“There were no actual threats by the assailant to the third party,” defense attorney Staci Visser said. “There was no evidence that would suggest that anyone else was threatened.”

Before the hearing, Graf denied the defense motions, in part, to prohibit broadcasting and photography. Graf allowed one television station to broadcast the proceedings, one still photographer, subject to restrictions, and denied a request for a second still photographer.

The judge also allowed oral arguments and filings surrounding the Sept. 1 hearing to be publicly accessible.

Notably, he denied media access to the Discord chat involving conversations between Robinson and gamers surrounding the shooting, along with graphic video and photos of Kirk’s death.

Before the hearing, lawyers representing Kirk’s widow, Erika Kirk, had urged Graf to rule by Sept. 1, arguing against any “undue delay” while preserving Robinson’s right to a fair trial.

By law, the judge’s sole task is to decide whether there is probable cause – a required step before the case can head to trial, prosecutors noted.

That legal standard “requires ‘evidence sufficient to support a reasonable belief that an offense has been committed and that the defendant committed it,'” prosecutors explained in a statement to the press, citing state law.

On Sept. 10, 2025 – almost a year ago – Kirk was fatally shot as he debated and answered questions from an audience of about 3,000 people at Utah Valley University in Orem, Utah.

Kirk, a 31-year-old Christian father of two, was best known as a conservative speaker who, at 18, founded the political movement Turning Point USA for young voters. Prosecutors say evidence points to Robinson targeting Kirk over his “political expression.”

Tyler Durden
Wed, 09/02/2026 – 08:05

Futures Swing As Global Bond Yields Follow Oil Tick For Tick

US equity futures are lower with Tech underperforming as oil prices / bond yields move higher (although off session highs), both in response to an acceleration in “kinetic hostilities” in the Middle East. As of 8:00am ET, S&P futures are down 0.1%, off session lows, while Nasdaq futures rise 0.4% after Dell shares jumped after the company boosted its annual sales forecast by $25 billion. In premarket trading, Semis / Memory are weaker and AVGO is -53bp with earnings after the Close today. Mag7 are mostly lower as are Software names with Hardware buoyed by earnings. Defensives and Energy gain while Cyclicals drop. According to JPM’s Market Intel team, which on Monday turned Neutral on stocks (from Bullish), equities will continue to struggle until crude / rates stabilize. Europe’s Stoxx 600 retreated 0.7%, while Asian stocks fell the most in two weeks. WTI trades around $90/bbl as the yield curve steepens, having erased gains from Bessent’s “Treasury Twist”. The Dollar is also higher as the Debasement trade continues to struggle. Commodities are mostly lower with Energy the lone bright spot and Ags underperforming Metals; keep an eye on gold to see if $4,300 acts as support. Today’s macro data focus is on the August ADP employment change (8:15am) and July factory orders (10am). Fed calendar is blank apart from Beige Book release at 2pm

In premarket trading Mag 7 stocks are mixed (Alphabet +0.1%, Apple +0.2%, Tesla +0.1%, Nvidia -0.1%, Meta -0.2%, Amazon -0.2%, Microsoft -0.4%)

Credo Technology (CRDO) falls 9%, suggesting that the communications equipment company’s second-quarter revenue forecast beat was not good enough to impress investors after the stock’s 44% rally this year.
Dell Technologies (DELL) jumps 8% after the company boosted its annual sales forecast by $25 billion due to surging demand for servers to run artificial intelligence tasks.
EyePoint (EYPT) slips 3% after TD Cowen downgraded the drug developer to hold, citing a challenging regulatory path following a trial failure for an eye disease drug.
FuelCell (FCEL) tumbles 15% after the power plant builder reported revenue for the third quarter that missed the average analyst estimate.
G-III Apparel (GIII) falls 10% after the clothing company posted disappointing second quarter sales and provided a third quarter revenue forecast that also missed expectations.
GitLab (GTLB) surges 21% after the software company boosted its revenue guidance for the full year, beating the average analyst estimate.
Knife River (KNF) falls 2% after JPMorgan analyst Adrian Huerta cut the recommendation on the building materials company to underweight, writing that he doesn’t expect a “meaningful change” in public funding in Oregon, its largest market.
MongoDB (MDB) is down 12%, with growth in the software company’s Atlas product seen coming in below elevated expectations. However, analysts are broadly positive on the results overall, which topped expectations, while the full-year forecast was raised.
Sprinklr (CXM) falls about 2% after reported second-quarter revenue that was slightly weaker than expected; the software company’s stock has soared about 55% off a June low, as of its last close.
In other corporate news, Nvidia is in advanced talks to acquire artificial intelligence startup Hugging Face in a transaction that may total about $14 billion. Artificial intelligence coding startup Cognition AI is set to close a new round of funding that would vault its valuation to about $47 billion. GitLab shares rally as much as 20% in premarket trading after the software company beat second-quarter expectations and boosted its full-year forecast.

Brent crude hovered near $94 a barrel and WTI traded around $90 (although it has since dipped below) after Washington carried out its second round of attacks against Iran in three days. US diesel prices hit the highest since April. Bonds fell in most major markets, with the 30-year Treasury yield trading at 5.28%, near the 19-year high hit before Treasury Secretary Scott Bessent’s recent intervention. Chipmakers were under pressure in premarket trading even after Dell surged on a strong revenue forecast.

The latest rally in energy prices is compounding worries about persistent inflation, pushing up the premium traders demand for bonds already straining under heavy government spending and corporate demand. Traders put the odds of rate hikes this month at more than 50% for three major central banks, including nearly 70% for the Fed.

 “The new baseline seems to be that the Fed will, after all, hike rates in September,” wrote Chris Turner at ING Groep NV. “Fed Chair Kevin Warsh has made it reasonably clear that inflation is not falling quickly enough to target and, given a reasonably strong economy, the Fed will need to act.”

While the selloff in bonds is showing few signs of letting up, the relatively modest moves in yields have offered traders some assurance. The retreat has been orderly and broad-based, rather than driven by credit risks or liquidity stress, said Stephan Kemper at BNP Paribas Wealth Management Germany.

“It suggests the market is pricing a higher-for-longer rate path, not a credit event or recession,” Kemper said. The key to lower yields lies in inflation expectations, he said, adding that any relief on longer-dated rates could “trigger a strong move higher in equities as fundamentals remain very strong.”

Dell became the latest company to reinforce optimism around the AI trade. The company increased its annual sales forecast by $25 billion in a further sign of surging demand for servers to run AI tasks. The stock — already the third-biggest boost to the S&P 500 after a 240% rally this year — jumped another 9.3% in premarket. Shares of HP Enterprise, which reports earnings after the market close, also rose, advancing 5.2%.

Yet, there are signs that investors are addressing lingering worries about high AI-linked valuations by expanding exposure. Around 115 S&P 500 stocks are on Evercore ISI’s “negative beta” list, where the rolling six-month one-day percentage change is inverse to the benchmark. The share has crossed levels last seen in the dot-com bust in 2000-2001, suggesting that “investors have proactively sought diversification” rather than waiting for a “bubble burst,” strategist Julian Emanuel writes.

Robust signals from Corporate America are offering equities a measure of support. Corporate cash piles are back to record highs despite the surge in AI spending, according to analysis by Societe Generale SA. Investors have also continued to pour money into equities, with global stocks attracting about $1.1 trillion this year, the strongest inflows since 2021, according to data from HSBC Holdings Plc.

While stock markets have remained relatively resilient, “that’s likely going to change once Treasury yields and Japanese yields break through current resistance levels,” said Patrik Lang at Global Gate Asset Management. “Positioning is a bit stretched, and short-term indicators are at overbought levels,” he said. “All of that points, regardless of the fundamental situation, to consolidation in the coming weeks.”

Elsewhere, governing Council member Joachim Nagel indicated that the European Central Bank will raise borrowing costs next week, though he stayed wary on what comes after that. Bank of Japan Board Member Hajime Takata, one of the bank’s most hawkish members, also left the door open for an outsized interest-rate increase. 

European stocks are heading for a third day of declines, while futures are also pointing to a lower open on Wall Street as rising bond yields continue to deter investors. Higher oil prices continue to play a role, with Brent crude futures at around $95 a barrel. European natural gas futures have risen close to 3%. Here are the biggest movers Wednesday:

Deutsche Bank shares rise as much as 2.5% to trade at a new 15-year high after Goldman Sachs analysts upgraded the German lender to buy, predicting it to deliver faster earnings growth than the wider sector from 2027
InterContinental Hotels shares gain as much as 2.4% after UBS upgraded the hotelier to buy, to reflect an “attractive opportunity,” with the stock now trading at a discount or a lower-than-historical premium to certain peers
Syensqo rises as much as 3.7% as private equity firms including Blackstone and Apollo Global Management consider bids for the chemical company’s performance and care division, according to people familiar with the matter
TT Electronics jumps as much as 13% after the maker of electronic components for performance-critical applications posted stronger 1H profit growth than expected and said annual earnings are expected to be above current expectations
PGE rises as much as 2.8% after Poland’s largest utility posted strong preliminary 2Q earnings that confirmed it’s benefiting from rising power prices, and its large coal production is helping insulate it from gas supply risks
Lottomatica shares fall as much as 11.5%, the biggest intraday drop since May 2023, after the Italian gaming group announced an all-share deal to acquire Spanish rival Cirsa
GEA Group shares fall as much as 3.6% after the company’s biggest shareholder, Kuwait Investment Authority, offered part of its stake in the German firm at a discount to the previous close
GB Group shares tumble as much as 5.7%, briefly hitting their lowest level since 2014, after being downgraded at Berenberg in wake of the identity verification and fraud prevention company lowering its guidance last month
Asian stocks fell, following US peers lower as renewed concerns over rising oil prices and global bond yields fueled worries about the outlook for interest rates. The MSCI Asia Pacific Index dropped as much as 2.1%, snapping a six-day rally, with technology driving broad-based declines. South Korea’s Kospi slid 4% and Japan’s Nikkei fell 2.9% while benchmarks fell 1% or more in Taiwan, China and Australia.  New Zealand stocks bucked the region’s broader losses and rose after the nation’s central bank raised its key interest rate for a second straight meeting in an effort to head off inflation. A rate decision is due Thursday in Malaysia.

Nick Ferres, chief investment officer at Vantage Point Asset Management, sees reason for caution. “Our sense is that the level of rates is near the point where it starts to pressure public, private balance sheets and equity valuations,” he said. “There is downside risk to risk assets in the near term.”

In FX, The Bloomberg Dollar Spot Index is up almost 0.1%. The yen is outperforming, rising 0.2% against the greenback after BOJ’s Hajime Takata left the door open for an outsized interest-rate increase.

Treasury futures edge higher in early US session, paring small declines that lifted 2- to 10-year yields to fresh YTD highs. US 10-year yield is little changed around 4.80%, earlier rising just shy of 4.82%, with German and UK counterparts higher by 4bp and 5bp respectively; US 2s10s spread is around 1bp steeper on the day, near middle of Tuesday’s range. Bunds and gilts remain under pressure following Treasuries’ late Tuesday slide: UK 10-year yields are up ~6 bps to 5.28%, the highest since 2007, and German 10-year yields are nearing 3.4%, having not topped that level since 2011. Muting Wednesday’s price action so far, oil’s advance stalled as investors weigh latest breakout of US-Iran hostilities. Japanese front-end yields climbed during Asia session after BOJ board member Hajime Takata left the door open for an outsized interest-rate increase as well as back-to-back hikes. IG dollar issuance slate includes several deals already; five offerings totaled $6 billion on Tuesday.

In commodities, WTI crude oil futures are down 0.5%, S&P 500 futures 0.2% as intensifying US-Iran hostilities support oil near top of recent ranges. Precious metals and Bitcoin are down.

US economic data calendar includes August ADP employment change (8:15am) and July factory orders (10am). Fed calendar is blank apart from Beige Book release at 2pm

Market Snapshot

Top Overnight News

Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, as a U.S. naval blockade succeeds where years of sanctions failed by cutting off one of Tehran’s main sources of foreign-currency earnings. Unlike ‌previous sanctions campaigns, when Iranian crude continued reaching buyers despite restrictions, the current blockade has stopped fresh crude cargoes reaching China, Tehran’s only major remaining oil customer, increasing pressure on government finances and foreign-currency reserves. Reuters  
Fighting between the US and Iran over control of the Strait of Hormuz intensified after a period of relative calm, triggering a fresh jump in oil prices. The US military carried out strikes targeting radar systems and mine-laying capabilities along Iran’s southern coast, and Iran retaliated with drone and missile volleys on US bases across the Middle East: BBG
The U.S.-Canada trade standoff is threatening to stretch past the midterm elections. The White House is shrugging off the threat. With a week to go before Canada imposes its retaliatory tariffs, aimed at key industries in states like Ohio and Texas with competitive Senate elections, tensions between Washington and Ottawa are at a steady simmer, with no sign of de-escalation. Politico  
Russia since 2023 has been helping Iran develop advanced supersonic cruise missiles, and Putin has vowed to continue to provide support to Iran. FT/Washington Post  
Bank of Japan Board Member Hajime Takata, one of the central bank’s most hawkish members, left the door open for an outsized interest-rate increase as well as back-to-back hikes, indicating he might push for a faster pace of tightening. The BOJ has raised its benchmark interest rate in quarter-point increments in the most recent three moves, while spacing the moves roughly six months apart. The size and frequency may change as circumstances evolve. BBG
Governor Kazuo Ueda said on Tuesday that the Bank of Japan will debate raising interest rates including in ‌September with a focus on whether inflationary risks were heightening, signaling a strong chance of a hike this month. Reuters 
The Reserve Bank of New Zealand raised interest rates Wednesday, warning that risks for higher inflation remain in play for the economy. The central bank raised the official cash rate by 25 basis points to 2.75%, in line with market expectations. BBG 
A closely followed measure of artificial intelligence token prices touched fresh lows this week, the latest sign of deflating prices in an increasingly competitive landscape. 
Anthropic is releasing a new version of its powerful Fable artificial intelligence model that it says is better at coding and science tasks, as well as more economical. BBG
OpenAI is to restrict Astra model after rating it a critical cyber risk: WSJ.
Dell became the latest company to reinforce optimism around the AI trade. The company increased its annual sales forecast by $25 billion in a further sign of surging demand for servers to run AI tasks. BBG
Iran News

US President Trump posted “I’m not trying to force Iran to the bargaining table, as ABC Fake News reported. I couldn’t care less if they sign a worthless, to them, agreement. I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing. They are just playing out the inevitable.”
US Treasury Secretary Bessent said Iran doesn’t control the Strait of Hormuz and the US took out Iranian radar along the strait, as well as got 17mln bbls of crude out on Monday. Bessent said that China pays Iran in yuan and when yuan cannot be converted to dollars, Iran starves, while he said they are in an acceleration phase of Iran bankruptcy and maybe Iran will lash out more kinetically.
US Central Command said forces successfully completed a wave of strikes against Iranian military targets on September 1st in which they struck targets including air defence sites, radar systems, maritime assets and facilities, mine laying capabilities, and communications sites.
US strikes on Iranian targets on Tuesday included two Iranian government tankers under a new ‘tanker for tanker’ approved by US President Trump to deter Iranian attacks on tankers, according to Axios. Furthermore, US officials said around 100 targets were attacked during the strikes, while it was separately reported that the US assessed Iran was planning to expand attacks against commercial ships.
Pakistan’s foreign ministry said Army Chief Munir visited Tehran and generated substantial momentum on the Strait of Hormuz issue and that Pakistan is positive about all parties returning to the negotiating table.
Iran’s IRGC said two tankers were blown up and stopped a few hours ago after striking mines in the Strait of Hormuz. IRGC also warns of additional penalties for shipping companies.
IRGC said it targeted US bases in Erbil, Iraq with missiles and drones. Iran’s army also launched drone attacks on the US base in Bahrain, while Kuwaiti air defences confronted attacks by hostile drones. Additionally, the IRGC said it attacked a US Marines base in Jordan known as Camp Tibtain with missiles and claimed that a large number of US forces were killed in the attack. However, US and Jordan officials reported no casualties.
Russia has been secretly helping Iran develop advanced supersonic cruise missiles, according to FT.
A more detailed look at global markets courtesy of Newsquawk

APAC stocks were pressured as the risk-off mood persisted following a surge in oil prices and upside in yields, triggered by the latest exchange of US-Iran strikes, while President Trump warned that the “biggest attack of them all… is waiting in the wings” and that there will be very little left of Iran. ASX 200 was dragged lower by underperformance in miners, materials, resources and tech stocks, while better-than-expected GDP data was overshadowed by the geopolitical escalation in the Middle East. Nikkei 225 fell amid pressure from mining and tech, while there were comments from US Treasury Secretary Bessent, who called on Japan to stop reflation and shift from Abenomics to Takaichi-nomics. KOSPI led the declines in the region with tech stocks hit alongside the higher yield environment. Hang Seng and Shanghai Comp conformed to the broad downbeat mood amid weakness in some auto names following monthly sales updates and with the mainland not helped after the PBoC’s open market operations amount was at zero.

Top Asian News

US Treasury Secretary Bessent said he emphasised the importance of sound formulation and communication of monetary policy to anchor inflation expectations in a meeting with BoJ Governor Ueda. Furthermore, he expressed strong support for Japan’s decisive market and monetary steps to address the substantial undervaluation of the yen, while he noted the role of yen weakness in contributing to domestic inflationary pressures in Japan.
US Treasury Secretary Bessent said Japan should stop the reflation now and that Abenomics is done, stating that Abenomics has worked and it is time for Takaichi-nomics. Bessent also commented that Japan is one of the most vibrant economies of the world now and that it succeeded in reflating, but now needs to shift.
European bourses trade lower again on Wednesday, as the US and Iran exchange strikes for a second consecutive night. US CENTCOM said forces successfully completed a wave of strikes against Iranian military targets, while Iran’s IRGC said it targeted US bases in Iraq and launched drone attacks on the US base in Bahrain. Sectors have a slight negative tilt. Banks top the sector pile, with Travel & Leisure and Telecoms rounding out the sector outperformers. To the downside is Autos, followed by Media and Retail. An update from STOXX is lifting Nokia (+1.0%) this morning, after announcing that the Finnish telecom giant, alongside Engie (-0.3%), will join the Euro Stoxx 50. This will be effective September 21st, replacing Volkswagen (-2.7%) and Wolters Kluwer (-2.7%) in Europe’s blue chip index.

Top European News

Spanish Unemployment Change (Aug) 44.419K vs. Exp. 15.4K (Prev. 19.517K).
FX

Mixed action in FX today with G10s continuing the bias seen throughout the week, USD is stronger against most peers as yields fail to moderate, NZD to the greatest extent but JPY outperforming (USD/JPY -0.4%).
JPY is stronger in all major crosses with performance pronounced in EUR/JPY after pressure in the early European morning. The cross fell to a 184.55 base before paring some of the move back above the 21 and 59 DMA. No specific headline driver but known hawk Takata implied that the BoJ could possibly hike 50bps in September or deliver back-to-back hikes “need to consider a broad range of options, not just a 25bps hike each time”. However, it is worth putting these remarks in the context of Takata being a hawkish dissenter and him wanting a policy rate of 2.00% at a rapid pace; such an outcome would be unlikely to sway the rest of the board. On top of this, Governor Ueda provided some remarks overnight. He more-or-less provided two-way commentary, and ultimately did not dissuade market bets of a hike in September.
RBNZ failed to impress hawkish expectations in its policy meeting where the OCR was raised by 25bps to 2.75% as expected. While flagging further tightening, the bank highlighted downside risks to the economy and rate projections showed less expected tightening than markets expect, with the OCR projection for December 2026 seen at 2.81% (OIS Implied Rate: 2.99%), September 2027 at 3.12% (OIS Implied Rate: 3.48%) and December 2027 3.15% (OIS Implied Rate 3.75%). As such, NZD was pressured against all G10 currencies, NZD/USD -1.1% to a 0.5825 base just below the 50DMA and will likely look to the 13th August low @0.5821, NZD could remain offered in this dim risk environment, especially if market pricing narrows compared to MPC rate projections.
AUD was lifted after stronger-than-expected Australian GDP data, albeit remains weaker against the stronger Buck. AUD/NZD +1% testing the 1.2258 June high at the time of writing.
Fixed Income

Global fixed benchmarks are mixed this morning. USTs (-1 tick) are mildly pressured, whilst Bunds (-52 ticks) and Gilts (-60 ticks) extend on recent pressure. Whilst USTs appear to be taking a breather following the recent downside, Bunds and Gilts continue to be subject to hefty selling, amidst higher energy prices and ongoing fears surrounding fiscal/debt sustainability.
USTs currently hold within a 107-09 to 107-14 range. For the short-end, focus will no doubt be on key domestic data which will help decide between whether the Fed opts to hold or hike at its September meeting. The US Jobs Report is due this Friday, and the CPI late next week; a hot report on both fronts will likely see money markets extend their bets of a hike this month (currently seen at 68%).
The US yield curve is ever-so-slightly steeper this morning. The US10yr (4.80%) remains at elevated levels, with focus on whether it can move towards the 5.00% mark. That would likely require a significant escalation on the geopolitical front and/or hawkish NFP/CPI reports to cement a September move. Even if that does not come to fruition, the 10yr may remain above the 4.75% mark until the geopolitical situation materially improves.
Bunds and Gilts are ultimately pressured by elevated European gas prices, which are the highest in three years. There has been a lack of material newsflow dictating price action this morning, with only ECB’s Makhlouf and Nagel on the wires. The former said that the ECB should be ready to lift rates further, adding that inflation and growth metrics make him “uneasy”.
For Gilts, the first PMQs under PM Burnham draws focus, for potential updates on the cost of living, fiscal space and other key themes.
Australia sells AUD 900mln in 1.25% May 2032 bonds: b/c 4.21x, avg. yield 4.8949%.
Commodities

WTI Oct and Brent Nov futures are flat/subdued following the prior day’s ~5% rise. WTI resides towards the bottom of a USD 89.92-92.29/bbl range (vs yesterday’s USD 86.13-90.97/bbl band), while Brent sits towards the lower end of a USD 94.53-97.04/bbl range (vs yesterday’s USD 90.70-95.45/bbl range). Aside from geopolitics (summarised below), data from the API also showed that US crude inventories reportedly drew down by 2.6mln bbls in the latest week (exp. -0.8mln), which would mark the first decline in five weeks.
Dutch TTF remains elevated as Europe continues stockpiling for winter against the backdrop of supply issues from the Middle East, with the front-month contract towards the lower end of a EUR 73.20-75.33/MWh range (vs yesterday’s EUR 69.69-74.40/MWh band). European gas storage is said to be about 65% full, the lowest seasonal level in records dating to 2009.
Metals feel no reprieve from the subdued intraday oil prices, which remain at elevated levels, whilst DXY also holds an upward bias. Gold has extended its decline as higher oil prices, bond yields and inflation concerns lifted Fed tightening bets. Spot gold is off lows as oil eases but remains under its 100 DMA (USD 4,361/oz) in a USD 4,283-4,336/oz range at the time of writing. Copper falls for a second day as higher oil prices and renewed geopolitical tensions raised global growth concerns. 3M LME copper remains above 14k/t in a current USD 14,098.55-14,226.00/t range.
In geopolitics, US-Iran tensions escalated sharply after the US launched a fresh wave of strikes on around 100 Iranian military targets near the Strait of Hormuz. Iran responded with missile and drone strikes against US bases across various regions. On diplomacy this morning, Pakistan’s Foreign Ministry remains positive about all parties returning to the negotiating table. More recently, Iran’s IRGC said two tankers were blown up and stopped a few hours ago after striking mines in the Strait of Hormuz – although this prompted no reaction at the time of writing.
US Private Inventory Data (bbls): Crude -2.6mln (exp. -0.8mln), Gasoline +0.3mln (exp. -2.4mln), Distillate -0.3mln (exp. -1.3mln), Cushing +0.2mln.
US Energy Secretary Wright said 17mln bbls of oil transited through the Strait of Hormuz on Monday.
Russia reportedly suspended grain export duties through 2026, RIA reported.
Trade/Tariffs

US Treasury Secretary Bessent said at the G20 press conference that the days of settling for sub-par growth are over and he had hoped to announce a unanimous joint communique, although all but China reached a consensus. Furthermore, he said it is unsustainable to have a non-market economy export surge and that it is clear China was the dissenter at G20.
G20 Chair statement was issued after China opposed joint communique language on trade policy, while the statement noted that the global economy remained resilient in the face of multiple shocks, including ongoing wars and conflicts, while the G20 is concerned by continued disruptions to energy trade and stress-free navigation through the Strait of Hormuz. It also stated that advancing growth is a key priority across G20 economies and working to address impediments to growth, including regulatory and administrative burdens, while G20 finance leaders urged countries to avoid unnecessary export restrictions to ensure supply chains function normally.
Central banks

BoJ Governor Ueda said he discussed with central banks the need to communicate for appropriate monetary policy to achieve price stability as the global environment changes, while he said he held talks with Bessent, but did not comment on the details of their meeting and stated they held productive discussions on various topics. Ueda also refrained from commenting on day-to-day market moves or on markets pricing a strong chance of a September rate hike, although he stated that data released since the July meeting has been broadly in line with the projections in the quarterly report and that their basic monetary policy stance is largely unchanged from July. Furthermore, he said monetary conditions remain accommodative, so we would like to continue increasing rates, and stated that they have raised the policy rate five times so far, so need to carefully assess how the cumulative impact could affect the economy, but will also take upside price risks into account when deliberating policy.
BoJ’s Takata (hawkish dissenter) said he believes the BoJ needs to conduct rate hikes nimbly after gauging the degree of accommodation in domestic financial conditions, in addition to examining developments overseas. Takata also commented on the need to take a flexible approach to policy and that Middle East pressures could push inflation above target. Takata later stated that they need to consider a broad range of options, not just a 25bps hike each time while a different response is needed from the normal semi-annual pace of tightening.
RBNZ raised the OCR by 25bps to 2.75%, as expected, with the MPC reaching a consensus on the decision, while the Committee judged that gradually removing monetary stimulus is appropriate to return inflation to the 2% target mid-point while supporting growth and employment. RBNZ said the decision reduces the risk that the OCR needs to increase by more later and that future policy decisions will depend on the Committee’s judgement of the balance of risks to medium-term inflation. In terms of the projections, the OCR is seen at 2.81% in December 2026 (prev. 2.84%), 3.12% in September 2027 (prev. 3.11%), 3.15% in December 2027 (prev. 3.15%) and at 3.28% in September 2029. RBNZ Minutes stated that the future OCR path is not pre-determined and indicators of medium-term inflation are consistent with inflation returning to the target.
RBNZ Governor Breman said she expects economic growth to strengthen and broaden, while she noted that OCR projections are relatively in line with prior forecasts and that they are moving the OCR up towards neutral and it is still accommodative, but noted uncertainty regarding the neutral rate. Furthermore, she said they may need to take some time to assess the stance of policy and are not on a preset course, with the rate hike timing highly uncertain, although stated there will likely be a further OCR increase and will assess the impact of hikes already done.
ECB’s Makhlouf said the central bank must be prepared to lift interest rates further and that the combination of eurozone inflation above 3% and robust growth makes him uneasy, according to FT.
ECB’s Nagel said that markets see a more than 95% chance of a September rate hike and that markets understand rather well the ECB’s way of reacting.
Geopolitics

Russian President Putin said Russia has blocked a large enemy force in eastern Ukraine and keeps striking Ukrainian ports and energy facilities, while it is preparing massive strikes on Ukraine’s energy targets. Putin also commented that Ukrainian President Zelensky’s threat to close Russian airspace is state terrorism and that Moscow will respond, as well as noted that Ukrainian strikes caused real damage, but it is not critical. Furthermore, he said rumours that Russia is planning a new mobilisation to expand the army for Ukraine are utter nonsense.
Russia attacked Ukraine’s Odessa and damaged infrastructure, according to an official.
Russia’s Deputy Security Council Chairman Medvedev said “Germany deserves a direct strike on military equipment production for Kyiv”, RIA reported.
US Event calendar

7:00 am: United States Aug 28 MBA Mortgage Applications, prior -1%
8:15 am: United States Aug ADP Employment Change, est. 47k, prior 44k
10:00 am: United States Jul Factory Orders, est. 0.7%, prior -0.3%
10:00 am: United States Jul F Durable Goods Orders, est. 1.1%, prior 1.1%
10:00 am: United States Jul F Durables Ex Transportation, est. 0.4%, prior 0.4%
Central Bank Speakers 

2:00 pm: United States Fed Releases Beige Book
DB’s Jim Reid concludes the overnight wrap

Hot days and light mornings have suddenly morphed into chilly and dark ones as I write the first EMR back from holidays. We had a lovely time hiking, zip-wiring, white water-rafting, golfing and abundantly eating. I’m not sure if the final activity has influenced the fact that none of the new school clothes we ordered for them fit. Ahead of tomorrow’s back to school this is a problem I’ve left my wife to resolve today! As a stone-cold boast, the best news for me this summer happened the day before we went on holiday. After 42 years of playing golf, I finally became a scratch golfer with a 2 under par round at Wentworth! This was the culmination of a 17-year journey where I moved out of London specifically to get back into golf which had proved tough living in the centre of London. It’s only cost me 2 serious back operations, a couple of shoulder ones, various neck injuries, plenty of arm nerve damage, near permanent golfers’ elbow, and not to mention the stress its caused on knees that have had 7 operations in 12 years. The only thing that has miraculously survived this major obsession/mid-life crisis is my marriage… just. Fingers crossed I can maintain my new +0.2 handicap and marriage for as long as possible.  

As meteorological autumn begun yesterday, a chill swept through markets as rising geopolitical risk, oil prices and bond yields created a risk off start to September. It’s worth starting by running through some of the fresh multi-year bond yield highs seen around the world to start the month. We saw the 10yr bund yield (+1.9bps) hitting a post-2011 high of 3.34%, the 10yr OAT yield (+3.0bps) hitting a post-2008 high of 4.20%, and the 10yr gilt yield (+8.1bps) reaching a post-2008 high of 5.22%. Meanwhile in the US, the 10yr Treasury (+4.8bps) hit a post-2023 high of 4.80%, and in Japan 10yr yields have crossed 3% for the first time in 30 years. With nominal and real yields rising, that meant equities took a decent hit as well, with the S&P 500 (-0.71%) and Stoxx 600 (-0.56%) both falling yesterday. Asia has continued the declines with the Nikkei (-2.95%) and the Kospi (-3.79%) leading losses.

The fresh catalyst for the sell-off over the last 24 hours was the jump in energy prices. That follows the latest strikes at the start of the week between the US and Iran, and it meant Brent crude (+4.60%) was up to $94.65/bbl by the close, its highest level since July, whilst European natural gas futures (+3.30%) hit a 3-year high of €72.22/MWh. This morning, oil prices are further +0.67% higher trading at $95.28/bbl as we go to print.

In terms of the latest on Iran, we heard shortly after yesterday’s European close that US was carrying out strikes on Iranian targets around the Strait of Hormuz. The US had earlier warned of retaliation for Iranian missiles launched against a US military base in Jordan over the weekend and Trump posted that if “Iran retaliates for this very justified attack, they will be hit again at a much harder and higher level”. Iran then responded with what it called a “decisive operation” against US bases in the region, with local media reporting more missile interceptions in Jordan. As a reminder, the renewed escalation has come as Iran has tried to target ships transiting the Strait of Hormuz by going dark, with the US in turn seeking to degrade Iran’s ability to disrupt these flows.

The latest commodity moves came despite Treasury Secretary Bessent yesterday saying during the G20 summit that the Strait of Hormuz will be “bypassed” in two years given that oil will be going on land pipelines, and not via Hormuz. Bessent also revealed more about his plans for economic sanctions, saying that the US knows which British Virgin accounts are tied to Iran, and that the administration will be looking at airline leasing companies in its efforts to economically isolate Iran. On Iran’s side, we heard from a foreign ministry spokesman yesterday, who said that current situation doesn’t allow for return to an MoU with the US, with the reason being that the US side had violated the agreement.  

Amidst the latest developments in the Middle East, as discussed at the top, bond markets extended their losses from Monday. So in the US, the 10yr (+4.8bps to 4.80%) Treasury yield reached its highest level since October 2023, while 2yr (+5.8bps to 4.40%) reached its highest level since July 2024, shortly before the Fed began its easing cycle. And investors also priced in an increasingly hawkish Fed profile for the year ahead, with the number of hikes priced by the June 2027 meeting up +5.1bps on the day to 64bps and the pricing of a September hike up to 69%. We traded as low as 27% when I started my holiday on August 17th.  

That hawkish newsflow was reinforced by Fed Governor Barr yesterday, who said the Fed should raise rates in September if “inflation appears not to be moderating sufficiently.” His comments suggested he could support a hike unless inflation showed clearer signs of easing. So on top of Chair Warsh’s comments at Jackson Hole, more centrist officials also appear to be moving towards a near-term hike.  

The bond selloff did temporarily ease earlier yesterday thanks to the latest batch of US data. That included a weaker-than-expected ISM manufacturing print, which fell to 54.6 in August (vs. 55.2 expected). And the components softened also, with new orders down to 53.7 (from 56.7), and employment down to 51.2 (from a post-2022 high of 52.8). Moreover, the JOLTS report of job openings also showed a weaker picture than previously thought, with job openings only at 7.271m in July (vs. 7.313m expected). In addition, the quits rate of those voluntarily leaving their role unexpectedly fell to 1.9% (vs. 2.0% expected).  

Back in Europe, worries of inflation and higher energy prices continued to dominate market moves. Gilts led the losses, but that was primarily a catch-up from the previous day’s bank holiday. So the 10yr gilt yield was up +8.1bps on the day to 5.22%. Meanwhile, the 30yr gilt yield (+7.6bps) hit a post-1998 high of 5.86% with lots of talk about the government’s buffer against its own fiscal rules being slashed with the recent rise in yields. All ahead of the new leadership’s first budget on October 28th.  

Staying with fixed-income related themes, we also saw the Euro Area-wide flash CPI print for August yesterday. That came in at 3.3% as expected, though we already had the releases from the biggest member states except for Italy (+3.2% vs +3.4% expected) beforehand. However, Euro Area core CPI was slightly on the downside at +2.4% (vs. +2.5% expected). Interestingly, the ECB’s Simkus said in an interview that “this September hike is not going to be enough” based on the current data, suggesting that more of the ECB Governing Council members are open to keeping a hawkish signal following the hike that is fully priced for next week. Expectations of ECB hikes by December rose by +3.6bps to 49bps yesterday.  

The combination of higher yields and commodities also meant that equities took a hit yesterday, with stocks falling on both sides of the Atlantic. In the US that was led by the Philadelphia Semiconductor Stock Exchange Index (-2.14%), followed by the Nasdaq (-1.03%) and Mag 7 (-0.72%). In Europe, markets closed before the news of new US strikes against Iran, so the Stoxx 600 (-0.56%), FTSE 100 (-0.32%) and CAC 40 (-0.39%) posted more moderate declines while the DAX (-1.10%) underperformed. Stoxx futures are down around half a percent as I type this morning.  

In Asia, as mentioned at the top, the Nikkei and Kospi are sharply lower with the S&P/ASX 200 (-1.04%) also trading notably weaker, with stronger-than-expected GDP data reinforcing expectations of another RBA rate hike later this year. Additionally, the CSI 300 (-1.25%), the Shanghai Composite (-0.82%) and the Hang Seng (-0.96%) are also lower as I type. S&P (-0.10%) and Nasdaq (-0.26%) futures are lower following last night’s sell-off.  

On the monetary policy front, the Reserve Bank of New Zealand (RBNZ) raised its official cash rate by 25bps to 2.75%, marking its second consecutive rate increase as it continues its efforts to curb inflation. The move was largely anticipated amid growing concerns over renewed energy-price-driven inflation pressures. Updated RBNZ projections suggest the possibility of one additional 25bp rate hike before year-end. The central bank now expects inflation to ease to 3.9% in Q3, higher than its previous estimate of 3.3%, and forecasts inflation will return to the 2% midpoint of its target range in early 2028, later than the previously expected Q3 2027.
In Australia, the economy expanded 0.4% quarter-on-quarter in Q2, surpassing expectations of 0.3% growth. On an annual basis, GDP rose 2.1%, ahead of the consensus estimate of 1.8%. Following the data release, the Australian dollar was little changed against the US dollar, while the yield on policy-sensitive three-year government bond is currently +7.5bps to 4.79%, as investors increased bets that the RBA’s tightening cycle could extend into next year.

Yesterday, Japan borrowing costs remained in the spotlight when Bessent stated that he preferred the BoJ to raise interest rates to help the yen, rather than see repeated inventions in the market. Additionally, the BOJ Governor Kazuo Ueda also indicated that the central bank would continue to consider rate increases and assess whether economic and price developments remained consistent with its outlook. 2yr JGBs are around +5bp higher this morning.

Finally, in terms of other Europe data, we did get final PMI figures, with the Euro Area manufacturing revised marginally lower (52.7 vs 52.8 prevs). A downward revision from the flash reading in France and somewhat weaker outcomes in Italy and Spain were mostly offset by an upward revision in Germany. The data further reinforces the view that recent improvement in Euro Area manufacturing remains primarily a German story, which registered the highest manufacturing output index in the region.

To the day ahead now, economic data include the US August ADP report, July factory orders, and Italy July PPI. Central Bank events include the BoC decision and Fed’s Beige Book. Broadcom and Hewlett Packard Enterprise are among the notable earnings events

Tyler Durden
Wed, 09/02/2026 – 08:18

Archaeologists have completed an excavation beneath one of Christianity’s holiest sites, revealing a fuller picture of the ancient landscape where Jesus Christ was crucified and buried and providing support for scripture — something an early Christianity expert said he found very compelling. Francesca Stasolla, an archaeology professor at the Sapienza University of Rome, led the excavation in 2025, which focused on the Church of the Holy Sepulchre in Jerusalem.The findings were recently published in Liber Annuus, the archaeological journal of Jerusalem’s Studium Biblicum Franciscanum, in a 98-page preliminary report on the campaign.ARCHAEOLOGISTS UNCOVER MYSTERIOUS FACE HIDDEN FOR CENTURIES IN BOOK OF REVELATION CITYThe report follows findings noted by Fox News Digital last year.At the time, Stasolla confirmed that her team had uncovered ancient seeds and pollen in layers dating between the site’s use as a quarry and its later Roman occupation.The evidence is consistent with John 19:41 in the New Testament: “Now in the place where he was crucified there was a garden, and in the garden a new tomb in which no one had yet been laid.”The pollen and seeds date to “between the use of the quarry and the Roman age, when the area had a funerary use,” Stasolla told Fox News Digital in 2025.ARCHAEOLOGISTS UNCOVER MASSIVE ARTIFACT DEPICTING PHARAOH THOUGHT TO HAVE CHALLENGED MOSES IN EXODUS”The quarry had to be gradually abandoned and as the stone extraction ended, it was used for agricultural areas and tombs,” Stasolla said. “This must have been what it looked like in the first century A.D.”The church was identified as Jesus’ burial place during the reign of Roman Emperor Constantine in the fourth century, when the first church was built there.Though it has been a Christian pilgrimage site for nearly 1,700 years, archaeologists are now reconstructing what the area may have looked like around the time of Jesus.LOST PAGES WITH ‘GHOST’ TEXT RECOVERED FROM ONE OF THE WORLD’S MOST IMPORTANT NEW TESTAMENT MANUSCRIPTSFox News Digital reached out to Stasolla for additional comment.The findings add archaeological support to details described in the Gospel of John, said Douglas Estes, associate professor of religion at New College of Florida.Estes, who specializes in early Christianity and was not involved in the research, told Fox News Digital that the Book of John is often dismissed by skeptics as exaggerated.CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTERArchaeology has “over time, confirmed, again and again, details from the Gospel of John,” he said — even though critics consider John’s writings less accurate than the Gospels of Matthew, Mark and Luke.CLICK HERE FOR MORE LIFESTYLE NEWSHe added, “For example, in the 19th century, scholars questioned whether or not there could be five colonnades [at the Pool of Bethesda in Jerusalem], as John 5 describes. Later archeological discoveries have found that, yes, there were five colonnades there.”He said that “in the same way, scholars have largely doubted whether or not Jesus would have been buried in an orchard.”But instead we find confirmed that there was a garden there — and so the Gospel of John has been proven to be accurate again in the details.”TEST YOURSELF WITH OUR LATEST LIFESTYLE QUIZThe professor said he was personally excited by the recent discoveries and that he has “a lot of hope that archaeology will continue to reveal significant finds about the life of Jesus.””It’s an exciting time to be alive, to be able to experience everything from the Dead Sea Scrolls all the way to the discovery of this funerary landscape,” he said.”These great archeological discoveries are great for those of us who want to learn more about first-century Judaism, first-century Christianity and the life of Jesus,” he added. 

China has found another vulnerability in America’s borders and supply chain – and it’s being exploited.An illicit pipeline is bringing an experimental injectable drug from Chinese chemical manufacturers directly into American homes. The drug is retatrutide, commonly called “reta,” and is in clinical trials as a potential treatment for obesity and type 2 diabetes. This means there is no FDA-approved version, no lawful generic and it’s illegal to sell to patients.But the national security concern goes far beyond one drug.JILLIAN MICHAELS EXPOSES DANGERS OF SELF-DOSING ILLEGAL ‘GRAY MARKET’ WEIGHT LOSS DRUGSWhat we are witnessing is an illegal international supply chain that begins with chemical suppliers in Communist China, moves through customs fraud and concealed shipments, is relabeled by American middlemen and ends with an unapproved injectable drug in an American home.We’ve seen this playbook before.CLOSE THE BACKDOOR DRUG PIPELINE THAT’S EMBOLDENING ENEMIES AND HARMING THE PUBLICFor years, Chinese chemical companies have supplied precursor chemicals used by cartels to make fentanyl. Now there is evidence that elements of this same infrastructure are being used for another lucrative American market: people looking for weight-loss drugs.Blockchain researchers at Chainalysis were able to track proceeds from U.S. peptide sales flowing back to China-based chemical manufacturers that have produced synthetic opioids, such as fentanyl. TRM Labs has similarly detected a pattern of Chinese chemical companies that produce fentanyl precursors turning to the “peptide business.”EXPERT WARNS CHINA ALREADY WAGING ‘UNRESTRICTED WARFARE’ AGAINST US THROUGH FENTANYL, ESPIONAGE AND SABOTAGEThis should set off alarm bells across Washington.The fentanyl crisis demonstrated what happens when foreign chemical suppliers, transnational criminal organizations and illicit financial networks exploit weaknesses in America’s borders and supply chains. We cannot make the same mistake twice by waiting until another illicit market becomes a full-blown crisis before confronting it.FORMER TOP COP WARNS OF LOOPHOLE EXPLOITED BY ILLICIT CHINESE VAPE COMPANIES ‘TARGETING OUR YOUTH’The methods being used should also sound familiar.Reta and other GLP-1 ingredients are being shipped to the United States under false descriptions that conceal what is actually inside the package and there is no reliable way for patients to verify the identity, purity, potency or sterility of what they are injecting into themselves. Once regulators have identified sellers engaged in this illegal behavior, the sellers then make changes needed to adapt.‘WILD WEST’ PEPTIDE CRAZE SURGES BEYOND GLP-1S AS FDA FACES PRESSURE TO EASE ACCESSSome vendors use coded names such as “GLP-3 RT.” One vendor even distributed a “peptide cheat sheet” explaining that “GLP-3 RT” meant retatrutide and providing weekly dosing instructions. To further obscure their activity, sellers stamp packages “for research use only” while providing customers with dosing instructions, syringes and videos showing them how to prepare the drug for injection.This is not simply skirting U.S. law. It is intentional evasion.CBP OFFICERS SEIZE $67 MILLION IN ILLEGAL DRUGS AT SAN DIEGO BORDER PORTS, DHS SAYSAnd it’s happening at scale.In one operation, Customs and Border Protection officers in Cincinnati uncovered more than 300 master cartons from China containing roughly 5,000 individual peptide shipments. Reta was among the cache of chemicals seized.CHINA, RUSSIA, IRAN AND NORTH KOREA FORM ‘AXIS OF AGGRESSORS’ THAT COULD OVERWHELM US, BOOK WARNSThis raises a larger question: if foreign chemical manufacturers can conceal thousands of unapproved injectable products in ordinary commerce and deliver them directly to Americans, what else can these networks move into the country?That is why this must be treated as more than a pharmaceutical issue. This is a national security issue.The immediate danger to consumers is also real. Products manufactured and distributed outside America’s safeguards leave buyers with no reliable way to know what they are injecting. There is no legitimate supply chain to inspect and no reliable mechanism to recall a dangerous batch.President Donald Trump has correctly made securing our border and supply chains, fighting the illegal entry of drugs and confronting China’s economic aggression central priorities of his administration.Now these principles must be applied to this emerging threat.The Department of Homeland Security, Department of Justice, FDA, as well as state law enforcement should coordinate an aggressive enforcement strategy aimed at the entire network, from foreign manufacturers and deceptive importers to domestic distributors and the financial networks that profit from the trade.Unlike many other policy challenges, the federal government already has many of the authorities it needs. What is missing is the muscular enforcement needed to combat the problem.The private sector must also do its part. American tech companies, social giants, online platforms, payment processors and shipping companies cannot be idle bystanders while their platforms and services facilitate illicit commerce.When sellers advertise unapproved injectable under coded names, provide dosing instructions and pay influencers a commission for each sale, it’s not difficult to understand what is happening.If tech companies can identify copyrighted music, political content and alleged “misinformation” within seconds, then they should be able to identify an illegal injectable drug.The lesson from the fentanyl crisis could not be clearer: America cannot afford to ignore foreign chemical supply chains until Americans begin to pay the price.Today, the product is Reta. Tomorrow, it will be something else. The drug is the warning. The pipeline is the treat.America must shut it down.CLICK HERE TO READ MORE FROM CHAD WOLF

Lindsay Clancy appears in court during her murder trial in Massachusetts.
The Lindsay Clancy triple-murder trial erupted into even more chaos Tuesday after a 56-year-old woman was arrested outside the courthouse for allegedly attempting to photograph members of the jury.
Dawn Light, of Sutton, Massachusetts, was taken into custody at approximately 3:40 p.m. outside the courthouse in Plymouth, just minutes after jurors were dismissed for the day without reaching a verdict.
Massachusetts State Police charged Light with one count of intimidation of a witness, juror, or person furnishing information in connection with criminal proceedings. She is expected to be arraigned on Wednesday.
According to the Boston Herald, Light allegedly attempted to photograph the jury as its members left the courthouse.
CBS Boston reporter Kristina Rex separately reported that jurors allegedly noticed they were being filmed.
Fox News reported that attorneys on either side could potentially request a mistrial over the incident.
WATCH:

The Lindsay Clancy triple-murder trial erupted into even more chaos Tuesday after a 56-year-old woman was arrested outside the courthouse for allegedly attempting to photograph members of the jury.
pic.twitter.com/3mmm9GyVH9
— The Gateway Pundit (@gatewaypundit) September 2, 2026

The extraordinary development came hours after the jury informed Sullivan that it was unable to reach a unanimous verdict following four days of deliberations.
As The Gateway Pundit previously reported, Sullivan ordered the nine-woman, three-man jury to continue deliberating despite the apparent deadlock. Jurors are expected to return Wednesday for a fifth day.
Clancy’s attorneys do not dispute that she strangled her three children, Cora, 5; Dawson, 3; and eight-month-old Callan, with exercise bands inside the family’s Duxbury home on January 24, 2023.
The defense claims Clancy was suffering from postpartum psychosis and was not criminally responsible for the killings.
Prosecutors maintain that Clancy acted deliberately, sending her husband away to pick up food and medication before separating the children and strangling them one by one. They argue that she understood her actions were wrong.
The jury is considering five possible verdicts: first-degree murder, second-degree murder, manslaughter, not guilty, or not guilty due to lack of criminal responsibility.
Defense attorney Kevin Reddington has already said he would “try it again” if the case ends in a hung jury.
The courthouse proceedings have repeatedly descended into spectacle.
The Gateway Pundit previously reported that Vanity Fair dumped a freelancer’s essay after the reporter was caught smiling, posing, and winking at a courtroom camera during the trial.
The Gateway Pundit also reported that prosecution psychiatrist Dr. Avram Mack resigned from Nemours Children’s Health following his explosive testimony that Clancy remained capable of understanding that killing her children was wrong. The hospital did not publicly connect his departure to the case.
Now the jurors themselves were allegedly targeted outside the courthouse as they struggled to reach a verdict.
Three innocent children are dead. The jury is deadlocked. An alleged attempt to photograph jurors has resulted in an intimidation charge.
And now the entire trial could be thrown into jeopardy.

The post Woman Arrested for JUROR INTIMIDATION Outside Lindsay Clancy Triple-Murder Trial — Allegedly Filmed Jurors as Deadlock Deepens, Mistrial Now Possible appeared first on The Gateway Pundit.

Korea Zinc said Wednesday that its production capacity for semiconductor-grade sulfuric acid has increased by more than 14% as the country’s two leading chipmakers boost production to meet rising demand.

Bessent Blames China For Derailing G20 Joint Communique

The Group of 20 finance meetings in Asheville, North Carolina, concluded on Tuesday after four days of discussions among finance ministers and central bank chiefs on global trade. The news late Tuesday was that China had derailed the group’s efforts to issue a joint communiqué by refusing to endorse specific language targeting trade surpluses and export-dependent economic models.

“The country with the world’s largest and unsustainable current account surplus, the People’s Republic of China, was the dissenter,” Treasury Secretary Scott Bessent told reporters.

Bessent added, “Non-market-based economies pushing out a never-ending spring of cheap exports is not sustainable.”

US and European officials told the Financial Times that Beijing objected to language intended to support the smooth functioning of global supply chains for energy, food, fertilizer and critical minerals.

Asked why China had opposed the language agreed upon by the group, a senior US official explained: “They are guilty. If we are worried about persistent distortions, they are the worst offenders. For the G20 to have something at 19-1 is unbelievable.”

The dispute over the communiqué, an official joint statement agreed to by all G20 members after a meeting that typically summarizes areas of agreement, economic concerns, policy commitments or priorities, and areas requiring further cooperation, offers another glimpse into the widening economic fracture between Beijing and the West. China’s staggering $1.2 trillion trade surplus in 2025 was up 20% from the previous year, as its heavily subsidized exports flood the West, such as cheap EVs produced by BYD Motors.

What the breakdown suggests is that Beijing remains unwilling to rebalance an economic model built around industrial overcapacity, state-directed financing, weak household consumption and relentless exports. For the US and Europe, the concern is becoming a national security priority as industrial bases are hollowed out while governments attempt to rebuild domestic supply chains. 

“It came down to a few words. As we have seen with the Chinese, they try to slow things down and methodically change the nomenclature. We’re not going for that,” a senior US official told the FT. “They need to seriously reconsider this. If they can’t even agree on words, they certainly won’t be able to deliver on any action.”

China also objected to any mention of “critical minerals,” according to the officials.

Last year, Beijing introduced sweeping new global export controls on critical materials after Trump slapped tariffs on China. Two critical materials subject to export restrictions, tungsten and germanium, among others, have only led to severe tightening across global physical markets.

President Donald Trump and President Xi Jinping are set to meet on Sept. 24 in Washington, DC, as increasing hostilities have already emerged over Bessent’s economic campaign against Iran and sanctions against Chinese entities. A Politico report last week detailed how US lawmakers are pressing Bessent to target large Chinese banks over Iran. Any such effort could come after the Trump-Xi meeting.

If Bessent targeted Chinese banks over their involvement with Tehran, we would expect Beijing to further tighten supplies of critical materials to the West, which is why we launched our decoupling theme, focusing on the top ex-China miner.

Tyler Durden
Wed, 09/02/2026 – 07:20

1. Judge delivers sweeping ruling in Charlie Kirk assassination case 2.  Iran’s barrage unfolds amid mystery over fate of IRGC commanders3. Lindsay Clancy verdict still within reach as predictions swirl OLD GUARD HOLDS — 80-year-old progressive crushes bid for generational change in key Senate primary. Continue reading …HAMMER DOWN — Suspect accused of smashing Vice President Vance’s windows enters plea. Continue reading …HOLIDAY HAZARD — Travelers warned of drink-spiking robberies and kidnappings at vacation hot spot. Continue reading …RAISING THE STEAKS — Beef price scrutiny hits grocery aisle as DOJ targets 8 major retailers. Continue reading …COCKPIT CHAOS — Stolen plane flies toward nuclear plant before crash-landing in sunflower field. Continue reading …–CLASSROOM CAPTURE — Nation’s largest teachers union under fire as controversial agenda puts century-old federal charter at risk. Continue reading …ZERO OPPOSITION — Original ‘Squad’ member sails to renomination with no Republican to stop her. Continue reading …PARTY FOUL — Jeffries threatens consequences after Dem mutiny helps move anti-socialism bill. Continue reading …‘SAME PLAYBOOK’ — Inside the far-left’s anti-data center push and what experts say is driving it. Continue reading …Click here for more cartoons… SWIPE LEFT — Ocasio-Cortez sheds light on who she wouldn’t date following reported split from fiancé. Continue reading …‘DANGEROUS’ WORDS — More than 180 Jewish entertainers rally behind actor Mark Ruffalo in protest letter. Continue reading …CELEBRITY OUTBURST — Rosie O’Donnell’s TikTok rant makes jaw-dropping claims about detained migrants. Continue reading …MEDIA FIRESTORM — CBS chief’s involvement in viral El-Sayed report sparks fierce online debate. Continue reading …YURI PEREZ — Trump and Rubio’s bold Venezuela oil pact could finally crush communism’s grip. Continue reading … TED JENKIN — California’s insane plan to regulate what tires we buy is full of hot air. Continue reading …–OFF THE AIR — Longtime ‘Wheel of Fortune’ announcer suspended after allegations made. Continue reading …FAMILY FRICTION — Prince William, Kate Middleton forced to navigate ‘Sussex circus.’ Continue reading …WINNING PAIR — Costco’s famous $1.50 hot dog combo gets simple swap. Continue reading …AMERICAN CULTURE QUIZ — Test yourself on football futures and dessert drama. Take the quiz here …Tune in for a closer look at the birth tourism debate, from alleged visa fraud and national security risks to the push for lasting federal restrictions. Check it out. Don’t miss Michael Malice on ‘Will Cain Country.’ Check it out…What’s it looking like in your neighborhood? Continue reading… FacebookInstagramYouTubeTwitterLinkedIn   Fox News FirstFox News OpinionFox News LifestyleFox News Entertainment (FOX411)Fox BusinessFox WeatherFox SportsTubiFox News GoThank you for making us your first choice in the morning! We’ll see you in your inbox first thing Thursday.

President Trump ordered his administration to come up with a plan to secure America’s elections. There was a well-defined set of goals behind this order: verify citizenship, prosecute fraudsters, and mail ballots only to verified Americans. Obama-appointed Boston Judge Indira Talwani spent months trying to stop President Trump. The Supreme Court slapped her down on Aug. 24. She defied the highest court the very next day, putting a hold back in place on Trump’s election integrity order. Her goal is obvious: Run out the clock and ensure noncitizens illegally and criminally vote by mail for Democrats this November. The only option left is to impeach Talwani.Election integrity secures the survival of our Republic. Trump understands this, so he ordered his Justice Department and Department of Homeland Security to prosecute election fraudsters. He also ordered the DOJ and DHS to work with the U. S. Postal Service to devise a plan to mail ballots only to verified American citizens.Trump instructed his administration to build citizen rolls to stop noncitizens from illegally voting in federal elections. These directives touch no one outside the executive branch. Only Americans can vote in federal elections. Period.DHS APPROVES PLAN TO VERIFY VOTER CITIZENSHIP, MONITOR MAIL BALLOTS AS TRUMP PUSH INTENSIFIESNaturally, Democrats panicked. Twenty-three states and the District of Columbia sued to stop the order. The League of Women Voters filed a separate suit parroting the same theory. Talwani eagerly issued illegal injunctions in both cases.Late last month, the Supreme Court stepped in. Over the dissent of three Democrat-appointed justices, the high court stopped Talwani’s order in the states’ lawsuit. The justices dismantled Talwani’s legal fiction.TRUMP SCORES SUPREME COURT WIN ON MAIL-IN VOTING RESTRICTIONS BEFORE MIDTERMSThey ruled the states lacked standing, which is required by Article III of the U.S. Constitution, because they suffered no concrete harm. Trump’s order applied only to federal executive branch officials developing a final rule. The justices also determined the challenge was not ripe because no final rule existed. You cannot suffer harm from a nonexistent rule.The League of Women Voters suit was not before the justices. But the legal issues were indistinguishable. Talwani should have rescinded her second illegal injunction immediately upon remand. Instead, she brazenly defied the Supreme Court.FEDERAL JUDGE AGAIN BLOCKS TRUMP’S MAIL BALLOT ORDER JUST BEFORE MIDTERMSThe next day, Talwani declared the Trump administration defied her mandate in the League case because it finalized the regulation while her unlawful edict was in place. As Iowa Solicitor General Eric Wessan noted, Talwani issued a meaningless “advisory opinion.” She cited no one for contempt, yet she asserted the government somehow breached her illegal decree.Dan McLaughlin of The National Review rightly called her maneuver “chutzpah.” Talwani finally rescinded her ruling the following day, but her insubordination remains. That is not a judge applying the law. That is a rogue operative in a black robe.This is part of a pattern of judicial anarchy. Talwani previously attempted to steal Congress’ power of the purse related to Trump’s signature One Big Beautiful Bill. Congress passed the legislation to defund Planned Parenthood — a Democrat fundraising machine masquerading as a health organization. President Trump signed it.Planned Parenthood sued, and Talwani laughably declared the defunding unconstitutional. That is a clownish courtroom coup.Thankfully, even the hard-left U.S. Court of Appeals for the First Circuit reversed her. At the time, that court lacked a single Republican-appointed judge in active service. When a hard-left circuit court reverses a Democrat judge for going too far, she is not interpreting the law; she is rewriting and abandoning it.Now Talwani is back at it. Just this week, in a blatant effort to delay appellate review, Talwani issued a temporary restraining order against Trump’s now-finalized election security rule. While permanent injunctions are appealable, TROs–which last up to four weeks–generally are not. Talwani’s goal is clear. She is stalling to prevent the election-integrity measure from taking effect before the election. She wants noncitizens illegally voting by mail for Democrats. Period.Activist Democrat judges infest the federal bench, and Talwani ranks among the worst. She repeatedly defies the Supreme Court, issues fake advisory opinions, acts as a partisan political operative from the bench, blocks duly passed laws on ridiculous grounds, and interferes in our elections to help her partisan pals.Enough is enough. The House must impeach Talwani. In the meantime, a higher court must reassign her cases and end this farce.CLICK FOR MORE FROM MIKE DAVIS