INFORMANT

TRANSCRIPT

The Operator: Good evening. The tape is quiet, but the data is loud.

The Operator: First, according to CNBC Markets, Japan's foreign reserves have dropped by a record $80 billion in August. That is a 6.18% decline to $1.207 trillion, the fastest pace of decline since records began in 2000. CNBC attributes this to dollar-selling and yen-buying intervention aimed at propping up the currency, alongside declines in the value of government bonds.

The Operator: Meanwhile, according to Yahoo Finance, Investor's Business Daily has raised its Stock Market Exposure guide from some number% to some number%. IBD cites positive signals ahead of the Labor Day shortened week and notes that a strong session on Thursday confirmed technical support for both the Nasdaq and S&P 500 indexes.

The Operator: Numbers don't care how loud you type them. We'll see what prints next.

The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not. One more thing: this whole station runs on one garage computer, and if the tape ever earned you a coffee, there's a tip jar at informant.reiners.io. It keeps the phone line on.