Pennsylvania Governor Shapiro: Pennsylvania can generate its own energy if necessary. Tech giants should invest in creating the energy they use.

Energy: 1. Kuwait's Oil Minister: Kuwait will increase oil production to 2.559 million barrels per day in October. Production capacity is 3.2 million barrels per day. 2. Joint Oil Database (JODI): Saudi Arabia's crude oil production fell by 551,000 barrels per day in July, to 9.201 million barrels per day. 3. India's coal production in August increased by 11.4% year-on-year; natural gas production decreased by 2.2% year-on-year; and crude oil production decreased by 1.2% year-on-year. 4. Sources say the Saudi-Pakistan defense agreement is unlikely to affect Saudi oil supplies to India. 5. Dubai set its official crude oil price for December at a discount of 5 cents per barrel to Omani crude. 6. Norwegian Petroleum Agency: Norway's preliminary natural gas production in August was 10.3 billion cubic meters, and its oil production was 1.924 million barrels per day. Precious Metals and Mining: 1. Indonesian Ministry of Mining officials: As of August, coal production reached 509 million tons, achieving 68.8% of the fiscal year's target. 2. International Aluminum Institute (IAI): Global primary aluminum production in August was 6.277 million tons. 3. Spot gold briefly approached $3,760 during intraday trading, setting a new record high. 4. The Bank of Thailand: Supports gold trading in US dollars. Taxing gold transactions will not address the strong Thai baht. Other: 1. Argentina: Eliminating withholding taxes on all grains by October 31 to boost US dollar supply. 2. Russia's Ministry of Agriculture maintained its 2025 grain production forecast at 135 million tons. 3. Indonesia and the European Union are about to sign a free trade agreement, which will provide zero-tariff access to 80% of exports. 4. Brazil's Ministry of Agriculture: Following the end of the avian influenza outbreak, the EU will reopen its chicken market to Brazil.

Domestic News: 1. Will the leaders of China and the United States meet at APEC? Ministry of Foreign Affairs: China and the United States are in communication. 2. People's Bank of China Governor Pan Gongsheng responded to the Federal Reserve's interest rate cut: China's monetary policy adheres to a self-centered approach and balances domestic and external factors. 3. Pan Gongsheng: Further communication regarding the 15th Five-Year Plan and the next steps in financial reform will be conducted after the central government has made unified arrangements. 4. Futu Securities and Tiger Brokers have further closed account opening channels for mainland Chinese residents. 5. The steel industry's target for the next two years has been set: an average annual growth rate of 4%, with a strict prohibition on new production capacity. 6. Three types of Chinese Navy carrier-based aircraft successfully completed takeoff and landing training on the Fujian aircraft carrier, marking the Fujian aircraft carrier's electromagnetic catapult launch and recovery capabilities. 7. China Securities Regulatory Commission: Deepen reforms of the Science and Technology Innovation Board (STAR Market), ChiNext Board (Growth Enterprise Market), and Beijing Stock Exchange, improve the issuance and listing systems and mechanisms, and further strengthen the "entry-continuous supervision-exit" full-chain regulatory system. International News: 1. The White House: H-1B visa fees for physicians may be waived. 2. France and several other countries have officially recognized the State of Palestine. 3. U.S. Treasury Secretary Bensonte signaled support, boosting the Argentine stock market. 4. Nvidia plans to invest $100 billion in OpenAI to jointly build an AI data center. 5. Overnight Market—All three major U.S. stock indices hit new highs, Nvidia's closing market capitalization approached $4.5 trillion, and spot gold hit a new high near $3,750. 6. Federal Reserve—① Bostic: There is currently little reason to cut interest rates further, and only one rate cut is expected this year. ② Mousallem: There is limited room for further rate cuts. If inflation risks increase, further rate cuts will not be supported. ③ Milan: I believe the appropriate interest rate is in the mid-2% range. I do not support adjusting the 2% inflation target at this time. ④ Hammack: We should be very cautious when removing policy constraints. My estimate of the neutral interest rate is on the higher side.