16:59 PSKY Paramount and California state officials to hold prelim talks about Warner Bros deal on Aug 24th - NYT14:45 Barron's Weekend Summary: Boeing and nine other stocks are Barron’s choices for an emerging revival in American manufacturing13:02 *(CA) US-Canada trade talks have collapsed; US imposes 50% tariffs on some Canadian products; Canada PM Carney says will match dollar for dollar with tariffs against US goods starting Sept 8th - CNBC13:13 (UR) Russia Pres Putin: Ukraine has opened 'Pandora's Box' with its attacks against economic targets - Russian press13:29 GM Canada's Unifor union: Have reached tentative agreement with GM covering 4,600 workers13:12 ROSN.RU (RU) Ukraine says it struck the Novokuybyshevsk Oil Refinery (capacity 176K bpd) in central Russia, causing a fire to break out at the facility
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*(CN) MOODY'S AFFIRMS CHINA'S A1/A+ RATINGS; KEEPS OUTLOOK NEGATIVE

Recent sovereign rating actions on China
- June 27th 2024, S&P affirmed China sovereign rating at 'A+'; Outlook Stable [**Note: earlier Fitch and Moody's cut China's outlook from Stable to Negative]
- On Apr 9th 2024, Fitch affirmed China at 'A+', but cut outlook from Stable to Negative
- On Dec 5th 2023, Moody's affirmed China at 'A+' but cut outlook from Stable to Negative
- On Nov 10th 2023 DBRS Morningstar cut China sovereign rating from A high to A; Trend revised from negative
- On Aug 31st Fitch affirmed China sovereign rating at 'A+'; Outlook stable
- On Jun 28th S&P affirmed China sovereign rating at 'A+'; Outlook stable
- Moody's cut China sovereign rating back in May 2017 from AA3 to A1 (one notch); revised outlook from negative to stable (The cut was the 1st by Moody's cut since 1989)
12:24 (US) Market Trading Hours Summary: As expected, Dec PCE runs hotter than CPI, Q4 GDP impacted by shutdown; Supreme Court strikes down IEEPA tariff powers
S&P 5007687.75 0.17%EUR/USD1.16 0.45%USD/JPY159.03 0.03%GBP/USD1.34 1.52%OIL--Gold4661.6 3.3%