Good morning.
The Fast Five → Bessent’s bond gains wiped out, oil prices push global bond market to the edge, John Ternus confronts Apple’s AI era, Alphabet stock tanks, The Fed’s forecasts keep missing—so it may stop making them…
📌 NEW: CNBC's "The Prophet" reveals Berkshire's hidden energy project. Watch →
(from Stansberry Research)
Calendar: Full Calendar »
Today:
ADP Non-Farm Employ Change, 8:15A
Tomorrow:
Unemployment Claims, 8:30A
ISM Services PMI, 10:00A
Your 5-minute briefing for Wednesday, September 2:
BEFORE THE OPEN
As of market close 9/1/2026.
Pre-Market:
Market Wrap:
Futures: Dow +12, S&P flat, Nasdaq flat
Tue: Dow -400+, Nasdaq -1.0%
Stocks fell for a third straight session
Oil topped $90 as US-Iran tensions escalated
10-yr Treasury yield hit its highest since early 2025
Higher yields continued pressuring tech stocks
Focus shifts to ADP payrolls and the Beige Book
EARNINGS
Here’s what we’re watching this week:
Today: *Five Below $FIVE ( ▼ 0.71% )
Broadcom $AVGO ( ▼ 0.18% ) - $3.24 EPS (+91.7% YoY) on $29.4B revenue (+84.9% YoY)
THU: *Victoria's Secret $VSXY ( ▼ 1.45% )
Lululemon $LULU ( ▼ 1.88% ) - $1.80 EPS (-41.9% YoY) on $2.5B revenue, unchanged from the year-ago period
Did Warren Buffett Leave YOU an Inheritance?
For the first time ever, 25-year Buffett mentee Whitney Tilson is revealing the secretive project the Oracle of Omaha handed over to his successor at Berkshire Hathaway...
A niche "AI power" opportunity that Berkshire's new CEO is fully exploiting... and one Whitney believes could hand early investors a shot at America's next great energy fortune before a new power plant goes live this year.
The deadline to take advantage is approaching fast. Go here to watch the "Project Vulcan" story for full details...
- a sponsored message from Stansberry Research -
HEADLINES
The yields on the longest-dated US government bonds shot back to levels seen just before Treasury Bessent shocked markets last month by expanding a buyback program in an effort to halt the rise.
The field is wide open for a device that can be for the AI era what the iPhone was for the mobile era. But the tech giant faces fierce competition.
Wall St ends lower as higher yields, oil prices mark shaky start to Sept. (more)
Bessent says US likely to announce Iran bank sanctions this week (more)
US strikes on Iran push Brent oil toward $95 per barrel (more)
Oil prices push global bond market closer to the edge (more)
US urges hands-off approach to AI regulation at G20 tech meeting (more)
The Fed’s forecasts keep missing, so it may stop making them (more)
Japanese borrowing costs hit 30-yr high, Bessent says Tokyo may intervene (more)
Gov’t borrowing costs rise again in fresh headache for global policymakers (more)
US manufacturing activity slows in August; input prices still elevated (more)
US job openings rise in July after sharp downward revision in prior month (more)
US construction spending drops to nearly three-year low in July (more)
Alphabet stock tanks to close out summer on 'brain drain' fears (more)
Dell boosts annual sales forecast by $25B; shares rise (more)
Palo Alto Networks beats earnings estimates, acquires AI platform Console (more)
New Leon Black book picks fight with the Times (more)
DEALFLOW
M+A | Investments
Nestle sells vitamins business to PE buyer for $1 billion
GoPro to be acquired for $285M, will remain a public company
Stan Kroenke agrees to buy controlling interest in the LA Angels
Comstock to cut debt with $1.65B Haynesville stake sale to SOCAR
Shell deepens US convenience retail push with Tri Star Energy deal
Keurig Dr Pepper to sell back Chobani stake, manufacturing site for $925M
Ares Venture buys US student housing properties for $435M
VC
Scan.com, a provider of a medical imaging network platform, raised $220M in combined equity and debt financing
Odyssey Energy Solutions, a financing and procurement platform for distributed renewable energy projects, raised $74M in funding
Light, a retail energy software and grid-orchestration platform, raised $46M in Series A funding
Reframe Systems, a physical AI company industrializing home construction, raised $40M in additional funding
Clipto, an AI video search and content discovery startup, raised $15M in funding
Norbert Health, a physical AI control system for robotic care platforms, raised $14M in Series A funding
Aranya, an AI-native multicluster operating system for GPU infrastructure, raised $11M in funding
Senticell, a biotech company developing a new class of liquid biopsy, raised $7M in Seed funding
Blue Voice, a public safety software and legal technology startup, raised $6M in funding
Guickly, an AI measurement platform for enterprises, raised $4.2M in Seed funding
TrustedRouter, an AI infrastructure and API orchestration startup, raised $1.25M in Seed funding
CRYPTO
BULLISH BITES
🚨 URGENT: Follow this energy stock pattern » *
😳 How the AI investment craze is keeping the global economy afloat.
🤝 These banks are banding together to launch a stablecoin.
⚠️ Celebrities are raving about full-body scans. Doctors urge caution.
🍕 The gas-station chain that is eating Domino’s lunch.
DAILY SHARES
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