U.S. Baker Hughes Oil Rig Count +3 To 455; U.S. Baker Hughes NatGas Rig Count +1 To 135; U.S. Baker Hughes Total Rig Count 599 Vs 595 Prior

Fed's Hammack Says There Are Lots Of Long Term Questions What AI Will Mean For Inflation

https://www.youtube.com/watch?v=Wjip8yr29nE

Fed's Hammack Says The Biggest Risk With Inflation Is The Formation Of An Inflationary Mindset; Public Has Been Dealing With Above Target Inflation For Extended Period; Growth Has Held Up Well, Job Market Is Stable; Worries About Demand Related Pressure On Inflation; Capital Expenditures Will Pressure Inflation For A While; If We Don't Make Progress Lowering Inflation, Expectations Could Shift; Fed Needs To Make Sure Policy Is At A Restrictive Stance To Lower Inflation

https://www.youtube.com/watch?v=Wjip8yr29nE

President Trump Posts On Truth Social "President Xi and Madam Peng have just left D.C., heading for China. The meeting was one of Friendship, Strength, and Success, for both China and the U.S.A. We will be meeting again in November, in China, and then at the G20 in December, in Miami, Florida. Much has been, and will be, accomplished. I look forward to our next meeting!"

https://truthsocial.com/@realDonaldTrump/posts/117332812545704813

FTC Chair Says Going To Continue As Long As I Am Chairman To Resist This Anthropomorphizing Of These (AI Agent) Tools; If There Is Substantial Personal Data Being Used To Offer A Product Or Service Where That Has Not Been The Tradition, They Ought To Be Told That Is Happening; Says, Speaking For Himself, That He Is Most Concerned About Delivery, Rideshare And Airline Pricing

- Reuters NEXT

Reported September 24, 'Saudis Surge Oil Exports to War-Time Peak on Hormuz Ramp Up' - Bloomberg

https://www.bloomberg.com/news/articles/2026-09-24/saudis-gulf-oil-surge-drives-exports-to-highest-since-war-began

Oil is trading lower after Iran's Foreign Minister confirmed that Iran has submitted to the U.S. a seven-day plan to reopen the Strait of Hormuz and start discussions on Iran's nuclear program.