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US President Trump: (Regarding Iran) The resumption of strikes against Iran will not last long.
US President Trump: (Regarding Iran) Iran is trying to rebuild its radar and missile systems.
US President Trump: We have a good relationship with Brazil.
US President Trump: We don't need Canadian timber.
US President Trump: Canada is acting with impunity.
US President Trump: Canada has been taking advantage of us for decades.
US President Trump: The Iranian regime is weakening.
U.S. Treasury Department: Issues general license to Venezuela.
September 3rd - The Federal Reserve's Beige Book showed that U.S. economic activity has grown moderately since early July. Of the 12 Fed districts, 10 recorded slight to moderate growth, while 2 remained unchanged. Consumer spending increased slightly, but consumer price sensitivity increased, with high-end consumption remaining strong; auto sales were sluggish due to weak confidence, high oil prices, and rising financing costs. Manufacturing activity rebounded in most districts, with some reporting strong demand for defense and data center-related orders. The job market grew more slowly, with only a slight overall increase. Labor demand was relatively good in manufacturing and construction, but demand declined in retail and hospitality. On the price front, most districts reported moderate price increases, with cost pressures from energy, transportation, raw materials, and tariffs persisting. Businesses expect a generally positive economic outlook but remain concerned about uncertainties surrounding energy prices, policy, and international conflicts.
The Federal Reserve's Beige Book: Overall employment rose slightly, with small increases in three districts, slight increases in four districts, and no change in five districts.
The Federal Reserve's Beige Book: The overall outlook for the coming months is positive, but sentiment is mixed across sectors, with respondents reporting greater uncertainty about the impact of rising energy prices.
On September 3, Venezuelan Acting President Delcy Rodríguez met with U.S. Energy Secretary Wright on September 2. Following the meeting, the two countries formally signed several cooperation agreements. It is understood that the Venezuelan government signed agreements with several companies, including Chevron, regarding oil expansion projects. Recently, U.S. President Trump announced on social media that the U.S. had reached an agreement with Venezuela, gaining "majority control" over Venezuela's proven oil reserves of over 65 billion barrels. Venezuelan Acting President Delcy Rodríguez stated that the oil cooperation agreement with the U.S. will last for 25 years, with the goal of increasing crude oil production to 1.5 million barrels per day and maintaining Venezuela's autonomy over its natural resources.
On September 3, U.S. Treasury Secretary Bessant stated that the Treasury's goal in conducting bond buybacks is to "eliminate a bad outcome," push prices back to equilibrium levels, and free up space on bank balance sheets by repurchasing less liquid long-term bonds. Bessant added, "I know what measures Japan plans to take."
The Federal Reserve will release its Beige Book on economic conditions in ten minutes.
U.S. Treasury Secretary Bessenter: I know what Japan intends to do.
U.S. Commerce Secretary Lutnick: The chip tariffs are designed to boost U.S. chip production.
U.S. Commerce Secretary Lutnick: Anthropic has resolved his differences with the current administration.
On September 3, Iranian Islamic Revolutionary Guard Corps Deputy Commander-in-Chief Izadi stated on September 2 that in recent military conflicts, the enemy deployed more than 10 times the equipment of the Iranian side, but failed to achieve its intended objectives, especially in the Hormuz direction and in several recent engagements, where "all objectives were lost."
U.S. Treasury Secretary Bessant: If I were to rate the AI industry's communication skills, I would give it a D-.
U.S. Treasury Secretary Bessenter: Artificial intelligence companies are turning a deaf ear to the voices of the community.
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