- S&P fut: 7,698 (-0.32%)
- Nasdaq fut: 29,547 (-0.06%)
- Dow fut: 53,018 (-0.79%)
- VIX: 15.74 (8.33%)
- 10Y: 4.78% (0.00%)
- Dollar: 98.96 (-0.22%)
- Fear & Greed: 42 · fear
- BTC: $78,404 (-1.28%)
- XRP: $1.39 (-0.41%)
- ETH: $2,473 (-0.67%)
- 30Y mortgage: 6.71%
TL;DR
3- Canada's $27.6 billion retaliatory tariffs kicked in today, and Trump is now threatening to ban Bombardier jet sales in response — a trade fight that's escalating fast.
- Futures are red across the board (Dow futures down nearly 0.8%) and the VIX jumped over 8% to 15.74 — markets are getting nervous heading into the open.
- Watch Consumer Credit data at 15:00 GMT and the string of Treasury auctions today — a preview of the bigger CPI print landing Friday.
Number of the Day
- $27.6 billion — the size of Canada's retaliatory tariffs that took effect today against the U.S. It's a big enough number to reshape supply chains on both sides of the border, and it's already prompted Trump to threaten banning Bombardier jet sales in retaliation — a trade spat with real teeth, not just rhetoric.
Top 10 Stories Right Now
10- 1
Canada's $27.6B tariffs take effect, trade war deepens — Canada's retaliatory tariffs against the U.S. officially kicked in today, and Trump responded by threatening to ban sales of Bombardier jets. The rift has been building for months and shows no sign of cooling. Markets are watching closely for follow-on retaliation. link
- 2
Houthi strikes ignite fires at Saudi oil facilities, wound 73 — Attacks on Saudi Arabia's oil infrastructure sparked fires and injured dozens, the latest escalation in Red Sea/Gulf tensions tied to the Houthis. Energy markets will be watching for supply disruption signals. link
- 3
Merz stunned as far-right AfD wins German state election — Germany's chancellor is doubling down on unpopular reforms even as the far-right AfD posted a shock victory in a state election. It's the clearest sign yet that mainstream German politics is losing ground. Reaction across Europe has been alarm mixed with "we saw this coming." link
- 4
UK to sanction Israeli settlements in major relations reset — Britain is preparing sanctions on Israeli West Bank settlements, a notable shift in the UK's posture toward Israel. It marks one of the more significant diplomatic breaks between the two allies in years. link
- 5
Russian strikes hit Kyiv, killing at least two — Fresh Russian strikes on Ukraine's capital killed at least two people, the latest in a grinding war with no ceasefire in sight. link
- 6
Israeli airstrikes kill 12 in southern Lebanon, including children — A village in southern Lebanon was hit, killing 12 people including two children. It's a sharp escalation along an already tense border. link
- 7
Trump threatens Bombardier jet ban amid tariff fight — Beyond the tariffs themselves, Trump is escalating with talk of banning Bombardier sales, tying Canada's aerospace industry directly into the trade spat. link
- 8
China hits Japan with anti-dumping measures on chip chemical — Beijing slapped anti-dumping duties on a Japanese chip chemical, another front in the broader U.S.-China-Japan semiconductor tension. link
- 9
Five killed in Miami plane crash landing were in two vehicles — Investigators say the five victims of a Miami plane crash landing were struck while in two vehicles on the ground, adding a grim detail to an already tragic story. link
- 10
New Hampshire primaries test both Trump and the left — Today's primaries in New Hampshire are being read as an early gauge of enthusiasm on both sides ahead of the midterms. link
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Upcoming Big Events
6- This week — House returns to try to avoid a government shutdown; a Senate funding bill vote is expected.
- Sept 11 — Core PPI and PPI data drop (consensus 0.3%/0.4%), a warm-up for Friday's bigger inflation read.
- Sept 12 — Core CPI and CPI release (consensus 2.4% YoY core, 3.4% YoY headline) — the week's key inflation checkpoint.
- Sept 13 — BRICS Summit convenes; China releases M2 money stock and new loans data same week.
- Sept 15 — U.S. Senate set to vote on the crypto-focused CLARITY Act after a recent setback for the industry.
- Ongoing — Missouri Supreme Court ruling expected on the state's contested congressional map; Trump administration has again appealed a mail-in ballot dispute to SCOTUS.
Pre-Market Pulse
6- S&P futures (ES): 🔻 -0.32%
- Nasdaq futures (NQ): 🔻 -0.06%
- Dow futures (YM): 🔻 -0.79%
- VIX: 🔺 15.74 (+8.33%) — elevated, edging toward caution territory
- 10Y yield: 4.78% (flat)
- DXY: 🔻 98.96 (-0.22%) One-liner: futures are leaning red into the open, with the VIX spike signaling markets are pricing in more nerves than complacency today.
Fear & Greed
42 · fear
Today's Economic Calendar
7- 06:00 — NFIB Small Business Optimism (consensus 99.4, prev 99.8)
- 08:15 — ADP Employment Change Weekly (prev 11.80K)
- 10:00 — CB Employment Trends Index (prev 107.71)
- 11:00 — NY Fed 1-Year Consumer Inflation Expectations (prev 3.6%)
- 11:30 — 3-Month & 6-Month Bill Auctions
- 13:00 — 3-Year Note Auction
- 15:00 — Consumer Credit (consensus 11.90B, prev 14.17B)
Earnings Today
5- CASY (Casey's General Stores, $28.1B) — AMC, EPS forecast $6.60 vs $5.77 last year.
- GME (GameStop, $8.6B) — timing unspecified, last year's EPS was $0.25; always a headline-grabber regardless of fundamentals.
- TTAN (ServiceTitan, $8.9B) — AMC, EPS forecast -$0.09 vs -$0.22 last year — narrowing losses to watch.
- UNFI (United Natural Foods, $2.6B) — pre-market, EPS forecast $0.62 vs -$0.11 last year, a sharp swing to watch.
- ABM (ABM Industries, $2.8B) — pre-market, EPS forecast $1.01 vs $0.82 last year.
Stocks Moving
8- GIPRW $0.0055 (+358.33%) — no catalyst in today's data.
- FSHPR $0.0966 (+92.81%) — no catalyst in today's data.
- BIAFW $0.70 (+79.03%) — no catalyst in today's data.
- RIV.RT $0.0025 (-68.75%) — no catalyst in today's data.
- BANL $9.01 (-40.72%) — no catalyst in today's data.
- TSLA $353.89 (-5.97%) — heavy volume, no catalyst in today's data.
- INTC $95.80 (+4.52%) — among today's most active names, no catalyst in today's data.
- NVDA $229.83 (+0.56%) — quiet move but heaviest options activity of the day (see below).
Unusual Activity
4- DPC — insider cluster bought +2.29M shares (+410% ownership stake) worth $75.8M, filed June 26 — one of the largest insider buys on record in this dataset.
- AMZN — call-heavy options flow (put/call ratio 0.40); notably 7,043 contracts traded at the $240 strike vs just 223 open interest, a 31.6x volume/OI ratio.
- AAPL — 42,417 contracts traded at the $325 call strike vs 7,130 open interest, suggesting fresh positioning ahead of expiry.
- Congress trading: no recent disclosures in today's data.
Crypto
3- BTC: $78,404 🔻 -1.28%
- XRP: $1.39 🔻 -0.41%
- ETH: $2,473.03 🔻 -0.67% All three majors are red with no clear catalyst — crypto is drifting lower in sympathy with the broader risk-off tone in equities futures.
Real Estate
3Entertainment
5- A24 lands Nathan Fielder/Lance Oppenheim's Elizabeth Holmes documentary — the pairing promises an unconventional take on the Theranos saga. link
- Harry and Meghan "surprised" by King's letter reaffirming non-working status — the royal siblings' distance from the crown formalizes further. link
- Andrew Garfield says billionaires should be "scared shitless" by 'The Uprising' — pointed comments ahead of the film's release drawing attention beyond typical press-tour talk. link
- Summer box office shatters all-time record at $4.67 billion — a milestone summer for theaters after years of doom-and-gloom narratives. link
- Thieves steal artworks from Renoir Museum in France — an audacious heist targeting Impressionist masterworks. link
AI News
4- Mistral just raised €3 billion to build "sovereign open-weight AI" aimed at the frontier — one of the largest European AI funding rounds, positioning it as Europe's answer to closed U.S. labs. link
- An open-source multi-agent LLM framework for financial trading (TradingAgents) is drawing attention on GitHub. link
- A deep-dive on how well AI coding agents actually use test/verification techniques — useful reading for anyone leaning on agentic coding tools. link
- Arm unveiled its Mali G2-Ultra NX GPU built for "AI-native" mobile graphics, aiming for desktop-class gameplay on phones. link
Breakthroughs
- Two injections cleared amyloid and reversed cognitive decline in mice, in what researchers are floating as a potential path to ending Alzheimer's — early-stage, but the kind of result worth watching move to human trials. link
The Long Read
- The Thief Who Wanted to Save the World — a deep dive into a robbery with an unusually idealistic motive; the kind of caper story that's stranger and more human than fiction. read
On This Day
- 2022 — Queen Elizabeth II died at Balmoral Castle after 70 years on the throne, with Charles ascending as King Charles III.
Birthdays Today
- Shubman Gill (turns 27) — star Indian cricketer. Gaten Matarazzo (turns 24) — actor/singer best known from Stranger Things. Miles McBride (turns 26) — NBA guard.
Recipe of the Day
- Bryndzové Halušky — Slovakia's national dish: potato dumplings tossed with tangy bryndza sheep cheese and crispy bacon, topped with chives. A hearty, comforting plate that's perfect for a cooler September evening. recipe
Parenting Tip
- This morning before school or the day gets going, ask your kid to name one small thing they're actually looking forward to today — a lunch item, a class, seeing a friend. It takes 30 seconds and helps kids practice noticing the good stuff ahead of time instead of just reacting to the day as it comes. Works well for ages 5-13.
🧠 Daily trivia
In what year did the Wall Street Crash take place?
Sweet Nothings
- Tell them: "You know how you always know exactly what I'm thinking before I say it? I still haven't figured out how you do that, and I don't want to." It's a real compliment dressed up as a small mystery — the kind that lands better than "you complete me" ever could.
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Assembled automatically from public sources — every headline links to its origin. Nothing here is investment advice.





