The National Hurricane Center said Debby became a hurricane as it approached the northeastern Gulf of Mexico coast and will bring significant flooding threats to the southeastern United States this week.

The National Hurricane Center: Tropical Depression has strengthened into Tropical Storm Emilia.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: Stock prices are affected by many factors, including economic conditions and corporate activities.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: No comments on daily stock market fluctuations. Urgent attention to market dynamics.

Australian Security Intelligence Organization chief Burgess: The spy agency expects political violence to rise. Raising the threat level does not mean an imminent attack is expected.

The Malaysian ringgit rose to 4.420 against the dollar, a gain of as much as 1.5%, its highest level since late April 2023.

Nasdaq futures continued their decline, falling 2.54%; S&P 500 futures fell 1.61%.

Both U.S. and Brent crude oil prices fell by more than 1.2% during the day and are now trading at $72.52 per barrel and $76.36 per barrel, respectively.

The Malaysian ringgit rose 1.3% during the day, hitting its highest level since May 2023.

S&P 500 futures extended losses to 1%.

Both U.S. crude oil and Brent crude oil opened up by $0.3, at $73.76 per barrel and $77.46 per barrel respectively.

Saudi Arabia cut the price of its Arab Light crude oil to Europe to its lowest level since 2020.

Market News: The Turkish government warns its citizens to avoid traveling to Lebanon.