U.S. President Trump told reporters at the White House on Aug. 3 that talks with Iran are underway and will proceed in two phases: first reopening the Strait of Hormuz, then denuclearization. He said the strait could be reopened as soon as tomorrow and that the talks were at Iran’s request with support from Saudi Arabia, the UAE and Qatar. Trump said Washington had been prepared to launch a major strike until Iran and Gulf states called to seek talks, reiterated that Iran must not possess nuclea

Amazon Web Services CEO Matt Garman said customers are shifting from using AWS to train large AI models toward embedding those models in their own workflows, driving increased demand for inference compute even as some companies continue to run large training clusters. He called the AI business potential "very large" and said Amazon will keep raising capital spending to meet demand. Amazon last week said it now expects 2026 capital expenditure of $220bn, up from a prior $200bn forecast; the higher plan reflects rising prices for storage chips and other data‑center components.

BESSENT’s debt management team has repeatedly rejected Wall Street and the Treasury Borrowing Advisory Committee (TBAC) requests to drop forward guidance in the Treasury’s future bond issuance plan, and many dealers now no longer expect a near-term policy change. Ahead of Wednesday’s quarterly debt strategy statement, most market participants expect the Treasury to reaffirm it will “not increase note and bond sizes for at least the next few quarters.” The guidance dates to the Biden administration; BESSENT previously criticized it as aimed at lowering long-term borrowing costs before the 2024 election. With midterms approaching, Republican officials also prefer to avoid signals that could expand auctions and push yields higher. RBC Capital Markets US rates strategist Blake Gwinn said Treasury should preserve optionality: modifying the guidance could lift yields, but the later the change, the larger the potential market impact.