SPACEX AGREES TO BUY WIRELESS AIRWAVES IN $17 BILLION DEAL
SpaceX has agreed to pay up to $17 billion for the rights to use some of EchoStar's valuable spectrum for cellphone service.
EchoStar said Monday that SpaceX agreed to pay $8.5 billion in cash and up to $8.5 billion of its stock for two chunks of valuable wireless spectrum. The rocket and satellite-internet company also agreed to pay about $2 billion of cash toward interest payments on EchoStar debt through November 2027.
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SpaceX has agreed to pay up to $17 billion for the rights to use some of EchoStar's valuable spectrum for cellphone service.
EchoStar said Monday that SpaceX agreed to pay $8.5 billion in cash and up to $8.5 billion of its stock for two chunks of valuable wireless spectrum. The rocket and satellite-internet company also agreed to pay about $2 billion of cash toward interest payments on EchoStar debt through November 2027.
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FRENCH 10Y YIELD FALLS 3BPS TO 3.42%, LOWEST SINCE AUG. 22
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NASDAQ: FILING WITH SEC PROPOSAL TO AMEND RULES TO ENABLE TRADING OF SECURITIES LISTED ON NASDAQ IN TRADITIONAL DIGITAL OR TOKENIZED FORM
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COINSHARES TO LIST ON NASDAQ THROUGH $1.2 BILLION SPAC DEAL
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US HOUSING MARKET REACHES RECORD $55.1 TRILLION
The U.S. housing market is worth a record $55.1 trillion, up $20 trillion since 2020. Housing gained $862 billion in the past year.
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). About one-quarter of the gains nationwide came from New York, which added $216 billion.
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The U.S. housing market is worth a record $55.1 trillion, up $20 trillion since 2020. Housing gained $862 billion in the past year.
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). About one-quarter of the gains nationwide came from New York, which added $216 billion.
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JPMORGAN: FED LIKELY TO CUT 25BP, NOT 50BP
JPMorgan’s Fabio Bassi expects the Fed to trim rates by 25bp in September, citing weak payrolls but still-high inflation. He said a 50bp move is unlikely.
Recession risk stands near 40%, though markets see only modest easing for growth risks. Bassi noted political pressure after Governor Cook’s dismissal but said Fed independence remains intact.
If weakness is temporary, he sees a shallow easing path, limited risk-asset pullback, and a stronger dollar.
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JPMorgan’s Fabio Bassi expects the Fed to trim rates by 25bp in September, citing weak payrolls but still-high inflation. He said a 50bp move is unlikely.
Recession risk stands near 40%, though markets see only modest easing for growth risks. Bassi noted political pressure after Governor Cook’s dismissal but said Fed independence remains intact.
If weakness is temporary, he sees a shallow easing path, limited risk-asset pullback, and a stronger dollar.
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CHINA'S XI, AT VIRTUAL BRICS SUMMIT: WE SHOULD UPHOLD MULTILATERALISM - XINHUA
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XI VOWS TO MAINTAIN INTERNATIONAL ECONOMIC, TRADE ORDERS
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TRUMP ADMINISTRATION ASKS SUPREME COURT TO ALLOW IT TO FREEZE BILLIONS IN FOREIGN AID -WASHINGTON POST
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$NVDA - JENSEN HUANG, NVIDIA CEO, EXPECTED TO ACCOMPANY PRESIDENT TRUMP ON HIS STATE VISIT TO BRITAIN NEXT WEEK - SKY NEWS REPORTER ON X
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*TRUMP: EDUCATION DEPARTMENT TO ISSUE 'RIGHT TO PRAYER' GUIDANCE
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U.S. SUPREME COURT ALLOWS TRUMP TO REMOVE DEMOCRATIC MEMBER OF FEDERAL TRADE COMMISSION FOR NOW
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NY FED: 1Y CONSUMER INFLATION EXPECTATIONS 3.2% IN AUG. VS 3.1%
NY FED: 3Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 3%
NY FED: 5Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 2.9%
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NY FED: 3Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 3%
NY FED: 5Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 2.9%
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TRUMP: WE WOULD LOVE TO GO INTO CHICAGO AND STRAIGHTEN IT OUT
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JPMORGAN WARNS OF FED RATE CUT PULLBACK
JPMorgan’s trading desk warns the Fed’s expected September 17 rate cut could spark a “Sell the News” drop in US stocks. Despite the S&P 500’s 30% rebound since April, risks from inflation, weak jobs, tariffs, and seasonal September weakness remain. JPMorgan suggests hedging with VIX calls and adding gold, though history shows rate cuts outside recessions can still lift markets."
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JPMorgan’s trading desk warns the Fed’s expected September 17 rate cut could spark a “Sell the News” drop in US stocks. Despite the S&P 500’s 30% rebound since April, risks from inflation, weak jobs, tariffs, and seasonal September weakness remain. JPMorgan suggests hedging with VIX calls and adding gold, though history shows rate cuts outside recessions can still lift markets."
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TRUMP: WE ARE WAITING FOR A CALL FROM CHICAGO, WE WILL FIX CHICAGO
TRUMP: DON'T KNOW WHY CHICAGO ISN'T CALLING US
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TRUMP: DON'T KNOW WHY CHICAGO ISN'T CALLING US
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RUSSIA WANTS TO ESTABLISH DIRECT LINK TO CHINA'S DEPOSITORY, FINANCE MINISTRY SAYS
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WEEK 1 NFL VOLUME OVER $400M, BACK TO ELECTION LEVELS - KALSHI
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