Fed Chair Kevin Warsh said markets have reacted more directly to events over the past 42 days.

S&P 500 futures and Nasdaq 100 futures turned lower.

Individual Stock News 1. UBS (UBS.N): Q2 group revenue was $13.7 billion, exceeding market expectations of $13.986 billion. 2. According to Nikkei: Toyota Motor (TM.N) has suspended operations at three plants in southern Japan; the shutdown will continue until Friday. 3. NXP Semiconductors (NXPI.O): Q2 2026 revenue was $3.496 billion, compared to $2.926 billion in the same period last year; net profit was $767 million, compared to $445 million in the same period last year. 4. NextEra Energy (NEE.N), a major U.S. power and energy infrastructure company, and Brookfield Asset Management will invest $100 billion to build a Kentucky data center. 5. Rio Tinto (RIO.N): First-half underlying profit reached $6.85 billion, a year-on-year increase of 43%; net profit was $6.66 billion, a year-on-year increase of 47%, exceeding analysts' expectations of $6.78 billion. 6. Seagate Technology (STX.O): Fourth-quarter revenue was $3.629 billion, exceeding market expectations of $3.485 billion; first-quarter revenue is projected to be between $4 billion and $4.2 billion, compared to market expectations of $3.749 billion. 7. The Canadian government plans to eliminate special taxes levied on entertainment companies such as Netflix (NFLX.O) and Disney (DIS.N), but streaming platforms will still be required to allocate a portion of their revenue to the production of Canadian and Indigenous film and television content. 8. Intel (INTC.O) announced the completion of the U.S. Department of Defense's Rapid Assurance Microelectronics Prototyping-Commercial Program, helping commercial and defense customers build chip design environments, chip testing, and early product prototyping using Intel's 18A process, laying the foundation for future participation in the Secure Enclave secure manufacturing program. 9. SK Hynix (SKHY.O): Q2 revenue reached 79.32 trillion won (US$54.55 billion), up 51% quarter-on-quarter and 257% year-on-year, but below the market expectation of 84 trillion won; operating profit reached 60.54 trillion won, up 61% quarter-on-quarter and surged 557% year-on-year, but below the market expectation of 64 trillion won.