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Reports now that Charlie Kirk has died – as yet unconfirmed.

The reports are coming via social media, not mainstream media. Social media cites ‘Utah Speaker Mike Schultz’.

Let’s hope the reports are not correct and that Kirk recovers. I’m no expert on gunshot wounds and their survivability, but the video of the shooting is very disturbing.

Added:

• the network that airs Kirk’s TV show is saying he has passed away.

Earlier:

• American conservative commentator Charlie Kirk shot at campus event
• Reports now that the person in custody after Kirk shooting was not the shooter

This article was written by Eamonn Sheridan at investinglive.com.

A spokesman at Utah Valley University says that a person taken into custody after the Charlie Kirk shooting was not actually the shooter.

The suspect is still at large.

Adam had the news on the shooting earlier:

• American conservative commentator Charlie Kirk shot at campus event

Kirk is in hospital and said to be in critical condition. Let’s hope he recovers soon.

This article was written by Eamonn Sheridan at investinglive.com.

Well-known American conservative commentator Charlie Kirk was shot in the neck area while speaking at a campus event minutes ago. Video of the altercation shows a single shot fired and reports say the shooter was apprehended (he appears to be an elderly man).

Reports say he was rushed to hospital but there is no word on his condition. Don’t go looking for videos on the internet as the close up ones don’t look good.

We send our prayers.

And if you’re here for market-moving news, here is one of the darkest parts of capitalism.

Many political leaders on all sides have sent messages, including Trump:

We must all pray for Charlie Kirk, who has been shot. A great guy from top to bottom. GOD BLESS HIM!

This kind of violence touches on a lot of fears about political strife in the United States and elsewhere.

This article was written by Adam Button at investinglive.com.

• Sells with a stop through of 1.3 basis points
• Was a $39 billion reopening

The result has placed some further downward pressure on yields and some weakness in USD/JPY.

This article was written by Adam Button at investinglive.com.

The Trump administration is appealing the court ruling blocking the removal of Fed Gov. Cook on allegations of the mortgage fraud.

Not only did the US judge temporarily block Trump from removing Fed Gov. Cook the judge also found that Trump move would likely be considered unlawful.

This article was written by Greg Michalowski at investinglive.com.

The 2nd of 3 coupon auctions this week will take place at 1 PM ET with the sale of $39 billion of 10-year notes. Yesterday, the treasury auctioned off 3-year notes, which were met with strong demand from international buyers.

The auction will be compared to the 6-month averages of the major components, including:

• Tail, six-month average -0.8 basis points.
• Bid to cover, six-month average 2.56X.
• Directs (proxy for domestic buyers), six-month average 17.4%.
• Indirects (proxy for international buyers), six-month average 71.1%.
• Dealers (they take the rest) six-month average 11.4%

US yields are trading near low levels for the day with the 10 year at 4.0492%, -2.5 basis points.

The 2-year yield is at 3.531%, -1.1 basis points. The 30 year yield is at 4.697%, -2.0 basis points.

The 10-year U.S. Treasury yield is often viewed as the most important benchmark rate because of its influence on consumer borrowing costs, including mortgages. Since peaking at 4.347% on August 19, the 10-year has dropped to 4.0492%, a decline of about 30 basis points.

Over the same period, the 30-year mortgage rate has fallen more sharply, dropping from 7.0% to 6.49% according to the Mortgage Bankers Association—a move of 51 basis points. Looking at the broader picture for 2025, mortgage rates reached a high of 7.10% in January and are now down 61 basis points from that level.

By comparison, the 10-year yield peaked at 4.809% earlier in the year and has since fallen 76 basis points to current levels. This means that while mortgage rates have declined more than Treasury yields since mid-August, their cumulative decline in 2025 still lags the drop in the 10-year by roughly 15 basis points.

This article was written by Greg Michalowski at investinglive.com.

The move in Oracle shares today is insane.

The company shocked the market by forecasting $144 billion in cloud infrastructure revenue and that kicked off 42% rally in shares. Founder Larry Ellison has maintained a holding of about 41% of the shares and with the company adding upwards of $250 billion in market cap today, that grew his net worth today by about $100 billion in the last two hours and up to about $400 billion, passing Elon Musk.

Have a look at the Oracle stock chart today.

It’s unbelievable that one of the world’s largest companies can pop that much in a single day.

As for Ellison, he’s managed to grow the world’s largest fortune despite four divorces, and somehow the 81-year old has defied father time.

This article was written by Adam Button at investinglive.com.

Trump wrote on Truth Social:

“What’s with Russia violating Poland’s airspace with drones? Here we go!”

I don’t think he mean’s ‘here we go with WWIII’ but someone is buying oil on that. It’s a strange thing to write.

This article was written by Adam Button at investinglive.com.

• Prior was +2415K
• Gasoline +1458K vs -243K expected
• Distillates +4715K vs +35K expected
• Refinery utilization +0.6% vs -0.6% expected

WTI crude oil was up 68-cents ahead of this report to $63.32 but numbers like this are certainly a headwind. I’m increasingly bearish on oil.

The private report from late yesterday showed:

• Crude +1250K
• Gasoline +329K
• Distillates +1500K

This article was written by Adam Button at investinglive.com.

• Prior sales were +0.3%
• Inventories +0.1% vs +0.2% prior
• Prior inventories +0.2%

This is a lower-tier report but the inventories feed into GDP and lead to large, short-term swings, especially with all the stockpiling and de-stocking around tariffs.

This article was written by Adam Button at investinglive.com.

The market is almost-fully priced for 25 basis point rate cuts at each of the next three FOMC meetings but the most-interesting one right now is on September 17 when Fed funds futures imply about a 10% chance of a 50 basis point cut.

It would take a shockingly-low CPI number to get those probabilities up but the report is tomorrow and we will see. Today the President jumped on the PPI numbers and called again for rate cuts. Of course, he was saying the same thing last month when PPI was +0.9% m/m.

Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!! President DJT

It was Trump who appointed Powell. I don’t envy whoever will be appointed to replace him.

This article was written by Adam Button at investinglive.com.

The US dollar initially fell on the headlines but recouped most of the drop in short order. USD/JPY fell from 147.50 down to 147.05 but quickly recovered nearly the entire move.

It wasn’t the same case in stock markets as a 20 point gain in S&P 500 futures turned to 32 points.

This article was written by Adam Button at investinglive.com.