Musk: There is a strong consensus that there should be some regulation of artificial intelligence.

The British Government: Announced an initial aid package worth up to £1 million to provide relief to people in need of relief from floods in Libya.

According to AFP: Panama is looking for new water sources for the Panama Canal. The operator of the Panama Canal says it carries 6% of global maritime trade, but has recently had to restrict traffic due to drought.

Barclays downgraded European luxury goods outlook to neutral from positive.

According to BNO News: The death toll from Storm Daniel in Libya has risen to nearly 6,900, with thousands still missing, local officials said.

Total Energy announced a 200,000 barrels/day oil project in Block 58 in Suriname and initiated development studies with the goal of approving the project by the end of 2024.

According to Syrian state-run media: Israeli air strikes in Syria killed two Syrian soldiers and injured six others.

Republican leadership in the U.S. House of Representatives has delayed a procedural vote needed to debate the fiscal year 2024 defense appropriations bill.

Netflix (NFLX.O) Chief Financial Officer: The bar for acquiring distressed media assets is very high and the company is more of a builder than a buyer.

JPMorgan Asset Management does not expect any further interest rate hikes from the Fed during the current cycle.

Citigroup (CN) Chief Financial Officer: Citigroup maintains full-year revenue and expense guidance unchanged.

Citigroup (CN) Chief Financial Officer: Citigroup’s third-quarter investment banking revenue will likely be “flat or slightly higher.”

Citigroup (CN) CFO: Market revenue will see single-digit growth in the third quarter.

Citigroup (CN) CFO: Expects modest share repurchases this quarter.

German Deputy Prime Minister and Economic Minister Habeck: Germany hopes to build offshore wind power converter platforms.

Citigroup CEO: This layoff is Citi’s largest restructuring in 20 years.

After the EIA report was released, oil prices fell slightly. WTI crude oil fell by 0.4 US dollars in the short term and is now at 88.21 US dollars per barrel. Brent crude oil fell by 0.3 US dollars in the short term and is now at 91.67 US dollars per barrel.

The EIA Strategic Petroleum Reserve inventory in the United States for the week to September 8 was the highest since the week of June 9, 2023.

The increase in EIA refined oil inventories in the United States in the week to September 8 was the largest since the week of July 7, 2023.

The increase in EIA gasoline inventories in the United States in the week to September 8 was the largest since the week of July 8, 2022.