Crypto markets are showing resilience this afternoon as Bitcoin trades near $64,000 while the rest of the tape reels from a sharp selloff in chip stocks. Ethereum holds just above $1,900 as traders position ahead of tomorrow's Federal Reserve decision.

Semiconductor names including AMD, Intel and Micron are extending losses as the Nasdaq-100 officially enters correction territory. Wall Street's trading desks are buzzing with Morgan Stanley taking the crown as the new leader in market revenue, according to fresh data. Ford is set to report earnings after the bell, with analysts watching for any update on its EV transition costs.

Mercedes CEO Ola Källenius is pledging to defend the company's U.S. business amid pressure over its Chinese shareholders while posting upbeat second-quarter results. The German automaker could face a potential U.S. sales ban because two of its major backers together own nearly 20% of the company. Shein says it is under investigation by the Federal Trade Commission as the fast-fashion giant prepares its Hong Kong IPO.

Into the close, all eyes turn to tomorrow's FOMC decision with Fed Chair Kevin Warsh expected to deliver the statement and take questions.

This is the 12:00 PM Central VixShield flash.

Rescue teams in southern Japan are racing against time after a powerful 7.1 magnitude earthquake struck the Kyushu region, with aftershocks continuing to rattle the area and emergency crews searching for anyone caught in damaged buildings.

In U.S. markets the S&P 500 is trading near 7,446 while the VIX has jumped to 18.01, up more than 8% as protection demand spikes ahead of today's Federal Reserve decision. The dollar is holding near recent highs as markets await Chair Warsh's call. Centene shares are diving on a weak Medicaid outlook. UPS said third-quarter domestic revenue will be flat but the CEO told CNBC the company is through its bumps after beating expectations and raising full-year guidance. Data centers on the largest U.S. grid could face temporary power cuts to prevent blackouts starting next year. Elon Musk's X Money app is now rolling out to Premium and Premium Plus subscribers across the United States. Energy prices have climbed 19% over the past year according to the latest inflation statistics.

This is the 11:00 AM Central VixShield flash.

French and Spanish firefighters are battling major wildfires, prompting fresh evacuations of nearly 4,000 tourists from campsites and holiday villages around the Lacanau resort west of Bordeaux as returning winds threaten to reignite blazes that have already burned 42,000 hectares. President Macron called the national situation the toughest since World War II.

In a separate escalation, Conservative MP Chris Philp has rejected French claims that shots fired from a naval boat near him in the Channel were a training exercise, insisting there was no warning and that it looked and sounded like deliberate intimidation.

In the United States the Federal Reserve begins its two-day July policy meeting today with the rate decision due tomorrow. Markets assign a 68.5 percent probability the Fed will hold rates steady though inflationary pressures from the Iran conflict have made the call unusually close. New Chairman Kevin Warsh is reducing forward guidance to restore internal deliberation. Consumer confidence data is due shortly; tomorrow brings the FOMC decision, statement and Warsh press conference.

A powerful 7.1-magnitude earthquake struck Japan's Kyushu region, trapping people inside a collapsed shopping center.

This is the 10:00 AM Central VixShield flash.

UPS raised its full-year guidance but cautioned that it expects domestic third-quarter revenue to be flat, citing resilient international demand and cost control while U.S. package volumes remain under pressure from softening consumer spending.

Las Vegas recorded the nation’s largest home price drop among major cities as the market cools, in contrast to Chicago which posted the biggest increase. Rising single-stock volatility risks spilling over to the broader S&P 500 as semiconductor shares sell off. Treasury yields moved modestly lower alongside oil prices, which fell more than 1% amid signs of softer global demand and increased OPEC+ supply. Consumer confidence data is due at 10 a.m. Central, with markets focused on tomorrow’s FOMC meeting where Chair Kevin Warsh must navigate the mixed signals from the real economy. Separately, new research into past wildfires across Europe and North America warns their biological, emotional and social effects may linger for years.

This is the 9:00 AM Central VixShield flash.

Escalating protests in Libya are threatening oil and gas supply lines out of the key North African producer, with demonstrators blockading key terminals at the Mellitah complex. The unrest over power cuts and soaring electricity bills has taken on fresh urgency as locals warn they will shut down fuel flows unless Tripoli acts fast, creating a new driver for global energy markets beyond the usual headline risks.

A surging El Niño pattern is meanwhile raising fresh inflation fears that could kill expected Federal Reserve rate cuts and lift certain refiners, tanker operators and agricultural names. Nasdaq futures are sliding on continued pressure in the chip sector even as strong corporate earnings provide some support elsewhere. Boeing shares are rallying after the plane maker posted a surprisingly large loss that was offset by upbeat revenue and a solid backlog.

Lawmakers on Capitol Hill are renewing their push to close a lucrative tax loophole long enjoyed by crypto investors.

In European news, a new poll gives Burnham a clear lead over rival party leaders as the best choice for British prime minister.

This is the 8:00 AM Central VixShield flash.

Traders are on edge as a surprise rate hike from Fed Chair Kevin Warsh cannot be ruled out ahead of tomorrow's FOMC decision. The prospect is injecting fresh tension into markets as investors weigh the potential fallout for the S&P 500.

President Trump claimed deep talks are now underway with Iran, helping push oil prices lower in a move that could ease pressure on consumers but risks complicating U.S. leverage in the Middle East. And in European news, GSK is investing £400 million to relocate its research centre to Cambridge, with local leaders hailing it as a major vote of confidence in Britain. VinFast has struck a financing partnership with akf-Bank to accelerate its push into the German car market.

Boeing delivered mixed second-quarter results with revenue beating estimates on higher jet deliveries and positive cash flow, though earnings missed estimates after taking charges that included Air Force One costs. Microsoft and PayPal report earnings today as investors demand clearer returns on artificial intelligence spending while takeover speculation swirls around PayPal.

Later this morning ADP jobs data, consumer confidence numbers and the goods trade balance all drop as Wall Street positions for tomorrow's high-stakes FOMC statement and press conference.

This is a VixShield breaking flash — 7:30 AM Central, July 28, 2026.

President Trump is scheduled to hold separate meetings with Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu today, as his administration moves to tighten immigration enforcement. Officials say holders of Temporary Protected Status from multiple nations could face accelerated deportation proceedings.

The diplomatic push coincides with tomorrow’s Federal Reserve rate decision, where Chair Kevin Warsh is expected to address how ongoing geopolitical risks and domestic policy shifts may shape the inflation path.

Boeing posted a wider-than-expected loss in its latest quarter, with elevated costs for the Air Force One program cited as a key drag. Johnson & Johnson reached a comprehensive talc settlement that could bring an end to more than a decade of litigation.

In European news, Spain’s Banco Sabadell is accelerating its AI initiatives and centralising critical operations as part of a broad restructuring. HSBC announced it will establish a global AI excellence centre in Singapore.

This morning brings ADP private payroll figures, goods trade balance data and the Conference Board’s consumer confidence reading, all setting the stage for the FOMC announcement tomorrow.

This is the 7:00 AM Central VixShield flash.

Gold has surged past $4,000 an ounce as Fitch Ratings warned an emerging artificial intelligence market correction now ranks among the biggest global credit risks. Safe-haven flows are intensifying with the metal trading around $4,027 ahead of tomorrow's Federal Reserve decision.

And in European news, Spanish Prime Minister Pedro Sánchez said authorities can finally see light at the end of the tunnel in their battle to contain major wildfires still raging across the country as a fresh heatwave looms. Germany's deep-tech sector is driving a sharp acceleration in venture-capital funding according to new data, while tanker traffic through the Red Sea has hit a multi-month low as Houthi threats continue to disrupt shipping.

Into the U.S. open investors are digesting a wave of corporate earnings with PayPal beating estimates as merger speculation swirls, Coca-Cola topping forecasts and raising its full-year outlook on strong drink demand, and UPS signaling it has turned the page after completing job cuts and reduced Amazon volume.

In lighter news, zoo staff have successfully rescued a batch of near-extinct snails from a remote rock formation in a bid to save the species.

This is a VixShield breaking flash — 6:57 AM Central, July 28, 2026.

Gold climbed above $4,000 an ounce in overnight trading as escalating Middle East tensions prompted fresh safe-haven flows. Iran is accelerating defensive works at its most vital oil export terminal at Kharg Island amid persistent threats from President Donald Trump to bomb or seize the facility.

Prisoners at Iran's largest jail have sewn their lips shut in a harrowing mass hunger strike, with at least 1,500 inmates protesting as the country's execution numbers continue to rise sharply.

In Europe, wildfires have scorched nearly 300,000 acres across parts of France and Spain as authorities brace for temperatures forecast to hit 95 degrees Fahrenheit this week.

A strong magnitude 7.1 earthquake struck Japan, leaving people trapped inside a major shopping centre in Kumamoto, according to local emergency services.

UPS beat earnings forecasts and lifted its full-year outlook, while Coca-Cola is expected to report results later this morning. Nasdaq futures traded lower as semiconductor stocks slid once again ahead of a busy earnings week.

Bitcoin held near $63,400. Spot gold stood at $4,026 per ounce.

This is the 6:00 AM Central VixShield flash.

Traders are watching every tick ahead of tomorrow's FOMC decision as this morning's ADP jobs report and consumer confidence data sharpen the focus on what Kevin Warsh will signal about the path for rates. With recent market volatility still fresh, the stakes are high for any hint of faster or slower easing.

Mortgage and refinance rates are trending lower today as the pause in Iran fighting eases some of the immediate geopolitical premium. And in Asian news, a strong earthquake struck Japan's Kumamoto prefecture, injuring at least 50 people, cutting power to thousands of homes and disrupting travel across the region.

Italian energy services firm Saipem has won $911 million in new contracts from Eni for offshore work off Ivory Coast and projects in Italy. Bitcoin is hovering near $63,000, gold is steady around $4,000 an ounce, while the Super El Niño forecast continues to weigh on oil and other commodities.

This is a VixShield breaking flash — 5:31 AM Central, July 28, 2026.