Top Overnight News Treasury secretary Scott Bessent’s bid to prop up the US bond market has been dismissed by investors as a “band-aid on a bullet hole”, as concerns mount over Washington’s $40tn debt burden and smoldering inflation. FT The market is treating the Treasury’s buyback announcement as a pure dollar negative, and Fed Chairman Kevin Warsh’s speech next week at Jackson Hole could be the catalyst for another round of greenback weakness: BBG Broadcom Inc. is in talks with a group of lenders to raise as much as $100 billion in SPV debt for an AI chip financing deal that will benefit Anthropic PBC and other companies. BBG Surging healthcare costs are walloping U.S. workers, and they will only worsen next year. For 2027, employers may be facing the biggest health-insurance increase in at least two decades. WSJ China will roll out additional fiscal policy measures in response to economic developments, Vice Finance Minister Liao Min said on Friday, as growth slows in the world's second-biggest economy. China will maintain the continuity ‌and stability of macroeconomic policies and plan and allocate fiscal resources over a longer time horizon, Liao told a press conference. RTRS Ever since President Trump’s return to office, America’s allies have been fretting about Washington’s intentions. Now, after the inconclusive war against Iran has eroded U.S. weapons stockpiles and laid bare the limits of American hard power, they also worry about American capabilities. WSJ Japan’s consumer inflation picked up last month as the energy shock caused by the Middle East conflict rippled out across goods, firming expectations that the next interest-rate hike is around the corner. WSJ Samsung Electronics expects to return as much as $80 billion to shareholders this year, joining rival SK Hynix in sharing the AI windfall and fueling optimism across the tech sector. Nasdaq futures led gains. BBG Unprecedented shareholder-return plans by South Korea’s two chipmaking giants are emerging as a key swing factor for the won, potentially extending its recent rally if the firms tap local currency markets to fund the payouts: BBG Eurozone flash PMIs were solid in Aug, with manufacturing coming in at 52.8 (vs. the Street 51.8) and services at 51.7 (vs. the Street 51.5), as the economy demonstrated healthy growth and easing inflation pressure. S&P Britain posted a surprise budget deficit in July, underscoring the fragile state of the public finances as Chancellor of the Exchequer John Healey begins to draw up his crucial autumn budget: BBG Bitcoin topped $78,000, on track for its best week in more than three years. BBG September and October in midterm election years is when volatility picks up and S&P returns fade ... and that’s usually followed by a post-event bounce: Goldman

Top Overnight News Treasury secretary Scott Bessent’s bid to prop up the US bond market has been dismissed by investors as a “band-aid on a bullet hole”, as concerns mount over Washington’s $40tn debt burden and smoldering inflation. FT The market is treating the Treasury’s buyback announcement as a pure dollar negative, and Fed Chairman Kevin Warsh’s speech next week at Jackson Hole could be the catalyst for another round of greenback weakness: BBG Broadcom Inc. is in talks with a group of lenders to raise as much as $100 billion in SPV debt for an AI chip financing deal that will benefit Anthropic PBC and other companies. BBG Surging healthcare costs are walloping U.S. workers, and they will only worsen next year. For 2027, employers may be facing the biggest health-insurance increase in at least two decades. WSJ China will roll out additional fiscal policy measures in response to economic developments, Vice Finance Minister Liao Min said on Friday, as growth slows in the world's second-biggest economy. China will maintain the continuity ‌and stability of macroeconomic policies and plan and allocate fiscal resources over a longer time horizon, Liao told a press conference. RTRS Ever since President Trump’s return to office, America’s allies have been fretting about Washington’s intentions. Now, after the inconclusive war against Iran has eroded U.S. weapons stockpiles and laid bare the limits of American hard power, they also worry about American capabilities. WSJ Japan’s consumer inflation picked up last month as the energy shock caused by the Middle East conflict rippled out across goods, firming expectations that the next interest-rate hike is around the corner. WSJ Samsung Electronics expects to return as much as $80 billion to shareholders this year, joining rival SK Hynix in sharing the AI windfall and fueling optimism across the tech sector. Nasdaq futures led gains. BBG Unprecedented shareholder-return plans by South Korea’s two chipmaking giants are emerging as a key swing factor for the won, potentially extending its recent rally if the firms tap local currency markets to fund the payouts: BBG Eurozone flash PMIs were solid in Aug, with manufacturing coming in at 52.8 (vs. the Street 51.8) and services at 51.7 (vs. the Street 51.5), as the economy demonstrated healthy growth and easing inflation pressure. S&P Britain posted a surprise budget deficit in July, underscoring the fragile state of the public finances as Chancellor of the Exchequer John Healey begins to draw up his crucial autumn budget: BBG Bitcoin topped $78,000, on track for its best week in more than three years. BBG September and October in midterm election years is when volatility picks up and S&P returns fade ... and that’s usually followed by a post-event bounce: Goldman

Source:https://x.com/zerohedge/status/2090771903615008839