Public Markets 8 Hours

Last updated: August 29, 2026, 3:06 PM ET

Energy & Commodities

President Donald Trump announced the U.S. has struck a deal for control of more than 65 billion barrels of Venezuela’s oil reserves, a pact a U.S. official said would involve a partnership with a private company. The joint venture is expected to lower petrol prices for American consumers, according to the administration. Meanwhile, Glencore Plc took a provision of about $480 million on its exposure to Radiant World, the iron ore trader under pressure amid concerns it provided falsified documents to banks.

Fixed Income & Macro

With yields climbing through the summer, investors should focus on the long bond, as the 30-year Treasury segment offers both risks and opportunities in the current repricing environment. The move higher in long-dated yields reflects persistent inflation concerns and heavy supply, making duration management critical for portfolio positioning.

Politics & Policy

In Georgia, Senator Jon Ossoff is courting broad appeal with an anti-Trump script for his Senate race, positioning himself as the only Democrat seeking re-election this year in a state Trump won in 2024. Alaska’s gubernatorial race narrowed to one Democrat and three Republicans after the second-place finisher in the top-four primary dropped out to let voters coalesce behind a single candidate. Separately, a federal judge ruled that Trump unlawfully targeted Stanford students who criticized Israel, a victory for The Stanford Daily that follows another court win for students targeted last year.

Immigration & Security

The Trump administration deported a relative of Afghans who helped the U.S. military to the Central African Republic, part of a broader push sending thousands of immigrants to countries where they have no ties — dozens were on the latest flight. In Minnesota, federal prosecutors planned to charge an ICE agent arrested in connection with a shooting in Minneapolis, but the agent walked free as the federal case stalled.

Global & Conflict

Rescue efforts entered their fourth day in Nepal, where 2,400 people remain missing after catastrophic floods, with the scale of destruction signaling a daunting recovery for the vulnerable nation. In Ukraine, 37 people were killed after a Russian strike on a weapons depot located in a civilian area near Kyiv — President Volodymyr Zelensky blamed negligence, saying the depot "definitely shouldn’t have been there."

Media & Culture

Political campaigns are quietly paying influencers to support candidates, with payments frequently hidden from viewers even as the videos proliferate on social media. The music industry is grappling with A.I. as some labels sue generators like Suno while others partner with them — at least one has done both. On the culture beat, Dolly Parton’s authentic artificiality made her utterly real about her unrealness, while America appears to have outgrown its royal obsession with Harry and Meghan following their departure.