Tesla (TSLA.O) expanded its intraday gains to 5%.

Czech Central Bank member Prochazka: Discussions on the timing of interest rate cuts will begin in September.

Czech central bank member Prochazka: It is impossible to imagine a rate cut in the Czech Republic while the ECB is still raising rates.

Russian Ministry of Defense: Russian air defense forces intercepted a Ukrainian drone in the South Belgorod region.

White House: President Biden is optimistic about a deal between the United Auto Workers and automakers.

US White House: President Biden and Jill Biden will receive updated vaccine booster shots.

The U.S. Securities and Exchange Commission (SEC) charged five advisory firms, including Apex Financial Advisors and Bluestone Capital, with violating custody rules.

U.S. President Biden approved the Tennessee major disaster declaration on September 5, local time, and ordered federal assistance for areas affected by the storm in Tennessee from June 25 to June 26.

UBS CEO: The Swiss National Bank needs a more flexible liquidity policy to deal with the crisis.

US Federal Aviation Administration (FAA): United Airlines lifts grounding order.

U.S. Transportation Secretary Buttigieg: Department of Transportation ensures that United Airlines fulfills its obligations to passengers.

Brazilian President Lula said deforestation in the Brazilian Amazon rainforest dropped by 70% in August.

The Electric Reliability Council of Texas (ERCOT): Expected to rise in temperature, increase in electricity demand and possible reduction in power reserves, a weather warning will be issued from September 6 to 8.

The S&P 500 airline index fell 3.4% to a session low.

Market news: Saudi Arabia’s new ambassador to Iran arrived in Tehran.

United Airlines shares fell 4% to session lows.

The Fed accepted a total of $1.568 trillion from 97 counterparties in fixed-rate reverse repurchase operations.

ECB Governing Council member Nagel: We are not worried about a wage-price spiral at the moment.

ECB Governing Council member Nagel: It would be a mistake to bet on a quick rate cut after interest rates peak.