Real-time News

On August 11, US President Trump stated on Monday that he and Federal Reserve Chairman Warsh have only had one "brief" conversation since Warsh took office, denying reports of frequent communication between the two. White House National Economic Council Director Hassett stated last week that the two "frequently discuss economic issues," but other sources familiar with the matter said their calls are irregular and infrequent. Earlier reports indicated that Trump had communicated with Warsh multiple times since Warsh's confirmation as Fed chairman in May, inquiring about Warsh's forecasts and views on the economic outlook. Trump reiterated his desire to lower interest rates but stated that he "100% supports" Warsh, emphasizing that Fed policy is decided jointly by the Board of Governors.

German Foreign Minister Waldfol: In a call with Iranian Foreign Minister Araqchi, I urged Iran to engage in constructive negotiations with its regional neighbors and the United States to end the conflict. The Strait of Hormuz must be opened unconditionally to ensure the free and safe passage of all ships.

The Dow Jones Industrial Average closed down 61.30 points, or 0.11%, at 53,975.63 on Monday, August 10; the S&P 500 closed down 4.62 points, or 0.06%, at 7,753.02 on Monday, August 10; and the Nasdaq Composite closed down 85.26 points, or 0.32%, at 26,605.36 on Monday, August 10.

US President Trump: I spoke with Federal Reserve Chairman Warsh a few days ago.

Colombia's national oil company, Ecopetrol, stated that crude oil production, refining, and fuel supply were not affected by the earthquake.

US President Trump: (Regarding Iran) We still have the capability to escalate (the war). The US will demand compensation from Iran for the damages caused.

Iranian Foreign Ministry spokesman Bagaei said the country will not be “strangled” by measures that have become ineffective, such as economic sanctions.

Iranian Foreign Ministry spokesman Bagaei: The US Treasury Secretary boasted that he had "strangled" Iran through economic sanctions. This clearly exposes the US's compulsive dependence on sanctions.

Hang Seng Index futures closed up 0.07% at 25,966 points in overnight trading, a premium of 29 points.

US President Trump: No longer recommends all children receive vaccines for hepatitis B, COVID-19, and the flu.

US President Trump: The government only recognizes 11 core vaccines in its childhood vaccination recommendations.

US President Trump: Announces vaccination recommendations for American children, including an autism vaccine.

US President Trump: Signs executive order on vaccine.

August 11th - According to estimates from the Congressional Budget Office on August 10th local time, the total U.S. federal budget deficit for the first 10 months of fiscal year 2026 is $1.8 trillion. This figure is $169 billion higher than the deficit in the same period of the previous fiscal year, with revenue increasing by $139 billion (a 3% increase) and expenditures increasing by $308 billion (a 5% increase).

Federal Reserve's Hamack: Markets are a complement to the Federal Reserve, not a substitute.

August 11th - Data released by the National Oceanic and Atmospheric Administration (NOAA) on August 10th showed that July was the hottest month on record in the United States. The month saw a prolonged and intense "heat dome" phenomenon, leading to record temperatures across the East Coast, Great Plains, and southwestern states. NOAA's temperature records date back to 1895. The report stated that the average temperature in July in the 48 contiguous states was 3.3 degrees Fahrenheit higher than the 20th-century average. The agency noted that this temperature was approximately 0.1 to 0.2 degrees Fahrenheit higher than the previous record-breaking July temperatures of 1936 and 2012.

Federal Reserve's Hamack: There are still no signs of problems in the job market.

Federal Reserve's Hammarck: He does not believe inflation will fall back on its own.