Lebanese President: My meetings with Trump, outside of the media, were positive. Trump expressed understanding of Lebanon's situation and opened many doors. The outcomes of the meetings with Trump are reflected in the lifting of restrictions on US ai

Key News 1. U.S. Bureau of Labor Statistics: May's non-farm payrolls were revised down from 129,000 to 63,000; June's non-farm payrolls were revised down from 57,000 to 20,000. The revised figures show a combined decrease of 103,000 jobs in May and June compared to the initial revisions. 2. U.S. seasonally adjusted non-farm payrolls fell by 23,000 in July, the first decline since February, compared to market expectations of an 80,000 increase. The U.S. unemployment rate fell slightly to 4.1% in July, the lowest level since June 2025, below the market median expectation of 4.2%. 3. U.S. interest rate futures market pricing indicates that the expected rate hike by December is only 28 basis points, lower than the 32 basis points expected before the non-farm payrolls data release. 4. Japanese Finance Minister Satsuki Katayama: Japan and the U.S. have been in close communication and will not hesitate to take intervention measures if necessary. 5. Saudi Arabia, Turkey, and Pakistan signed a joint defense agreement. Individual Stock News 1. SK Hynix (SKHY.O) announced a $38.3 billion investment to build two new wafer fabs in Yongin and Cheongju, South Korea, expanding its high-bandwidth memory (HBM), next-generation DRAM, and NAND flash memory production capacity. 2. SpaceX (SPCX.O) announced a joint venture with Tesla to launch the Terafab AI chip Gigafactory project in Texas, with an initial investment of $16.8 billion, expected to reach $119 billion upon completion of future expansion. 3. AMD (AMD.O) announced on Thursday the acquisition of AI inference chip startup Taalas, aiming to enter the rapidly growing AI inference chip market. 4. Cloudflare (NET.N) reported second-quarter revenue of $696.1 million, a 35.9% year-over-year increase, with adjusted earnings per share of $0.29; it expects full-year adjusted earnings per share to be between $1.25 and $1.26. 5. ROKU (ROKU.O) reported second-quarter revenue that increased 22% year-over-year to $1.35 billion, with net income reaching $164.2 million, a more than 15-fold increase year-over-year; diluted earnings per share were $1.08, double the market expectation.

Barkin said he agrees with Fed chair Kevin Warsh that inflation must return to target.