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• President Trump said he would ask Supreme Court for expedited tariff ruling
  Yesterday at the White House, Trump told reporters that his administration...
  Yesterday at the White House, Trump told reporters that his administration would be asking the Supreme Court for an “expedited ruling” as soon as today regarding last week’s finding by an appeals court that said most of the tariffs implemented by the Trump admin this year are illegal. The appeals court delayed its own ruling from taking effect until Oct. 14 so that the Supreme Court could weigh in and potentially overturn its decision. “If you take away tariffs, we could end up being a third-world country,” Trump said.
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• ☕️What Else is Brewing Wednesday Morning
  Google doesn’t have to sell Chrome. That’s the...
  Google doesn’t have to sell Chrome. That’s the big takeaway from the ruling that US District Judge Amit Mehta handed down yesterday, almost a year after he found that Google held an illegal monopoly in search. The Department of Justice had suggested that the search giant sell off its browser as recompense for the situation, but Mehta wrote, “Plaintiffs overreached in seeking forced divestiture.” Instead, GOOG can no longer broker exclusive search contracts, and it must share the data it uses to determine what search results to show. Google said it would appeal the decision, which would allow it to delay paying penalties.
  
  China held its largest-ever military parade, featuring next-generation weapons and special guests Kim Jong Un and Vladimir Putin.
  
  Israel began a ground operation in Gaza City, according to its military.
  
  Federal troops will enter Baltimore and Chicago, President Trump said, without providing a timeline.
  
  ChatGPT announced it will release parental control features for teens within the month, on the heels of a wrongful death lawsuit.
  
  Disney said it will pay $10 million to settle a children’s privacy lawsuit with the FTC.
  
  Apple’s lead AI researcher for robotics is heading to Meta, its latest win in a long poaching spree.
  
  McDonald’s is bringing back the Extra Value Meal menu for the first time since the pandemic next Monday.
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• Investors Eye Upcoming OPEC+ Meeting
  Investors will be monitoring a meeting of eight members...

  Investors will be monitoring a meeting of eight members of the Organization of the Petroleum Exporting Countries and their allies on September 7.

  
  

  Analysts said they believed the group would not unwind the remaining voluntary cuts in place from the eight members, including Saudi Arabia and Russia, which were supporting the market and keeping prices in the $60 a barrel range.

  
  

  OPEC+ might wait for more data after the conclusion of the U.S. summer driving season before it makes its next move, independent analyst Gaurav Sharma said, given an expected supply surplus in the last quarter of the year.

  
  

  Saudi Aramco and Iraq's state oil company SOMO have stopped selling crude oil to India's Nayara Energy in the aftermath of sanctions imposed in July by the European Union on the Russian-backed refiner, three sources familiar with the matter said.

  
  

  "The market is starting to wonder how that will impact flows. There is some concern about availability in the non-sanctioned pool of oil which may be becoming more dear supply-wise, as there is going to be less opportunity to buy these grey market barrels if sanctions ratchet up," said John Kilduff, a partner at Again Capital.

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• DAILY OIL PRICE: September 2, 2025
  Crude Oil: 65.59   (+1.58). Nymex MTD AVG: 64.8000....
  
  
  • Crude Oil: 65.59   (+1.58).
  
  
  • Nymex MTD AVG: 64.8000.
  
  
  • Natural Gas: 3.009   (+0.012).
  
  
  • Gasoline: 2.0428   (-0.1448).
  
  
  • Spreads: October/November (+0.51)     November/December (+0.44).
  
  
  • Plains WTI Posting: 62.07   (+1.58).
  
  

  
  
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• Stocks end lower to kick off September thanks to tariff uncertainy, bond jitters
  Bond-market jitters served to send stocks down Tuesday...

  Bond-market jitters served to send stocks down Tuesday on the first trading day of September, though equities finished off of session lows. A raft of economic data culminating with Friday's August jobs report are likely to set the tone for the week.

  
  

  The Dow Jones Industrial Average fell around 250 points, or 0.5%, to close near 45,296, after dropping nearly 600 points at its session low.

  
  

  The S&P 500 lost around 44 points, or 0.7%, to end near 6,415.54.

  
  

  The Nasdaq Composite dropped around 176 points, or 0.8%, to finish near 21,280.

  
  

  The yield on the 10-year Treasury note rose 4.9 basis points to finish trading Tuesday at 4.276%, while the 30-year T-bond yield was up 5.3 basis points at 4.97%. Yields move opposite to debt prices, with the increase coming amid a global rise in long-term yields tied to fiscal worries in the U.K. and France. A heavy calendar of corporate-debt issuance also contributed to weakness in Treasurys.

  
  

  An appeals-court ruling on Friday that found President Trump's "reciprocal" tariffs illegal also stirred concerns in the Treasury market about the fate of duty revenues. Trump said he would seek an emergency hearing before the Supreme Court.

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