Monday 4 August 2025
The Mighty Headlines
Economics: OPEC+ increases oil production
Business and markets: Berkshire Hathaway records decrease in earnings
Foreign Affairs: Poland extends border controls
Security and intelligence: FBI opens first office in New Zealand
Domestic politics: UK Government’s illegal migrant measures
The Mighty Stats
FTSE = 9,068.58 (down 0.7 per cent)
S&P 500 = 6,238.01 (down 1.6 per cent)
Nasdaq = 20,650.13 (down 2.24 per cent)
CAC40 = 7,546.16 (down 2.91 per cent)
£1 = $1.33 / €1.15
*If you’ve been forwarded the Mighty Memo, subscribe for free at www.mightymemo.co.uk. You’ll receive the Mighty Memo directly in your inbox as soon as it’s published!*
The Mighty Detail
Economics: OPEC+ has agreed to increase oil production by 547,000 barrels per day from September. It follows concerns of supply disruptions from Russia, with the US putting pressure on countries to stop buying Russian fuel.
Business and markets: Earnings at Berkshire Hathaway fell to $12.37 billion in Q2 2025. This is down from the $30.25 billion announced at the same time last year. It comes amid a multi-billion reduction in the value of Berkshire’s stake in Kraft Heinz, for which Buffett admits he overpaid in 2015.
Foreign Affairs: Poland is extending its border controls with Germany and Lithuania. Checks were first introduced on 7 July to control migration and were due to end tomorrow. They will now end on 4 October. Germany also introduced controls at its borders with Poland last year in response to illegal migration.
Security and intelligence: The FBI has opened its first standalone office in New Zealand. This copies similar arrangements in the UK, Australia and Canada – a group of countries which, with the US and New Zealand, make up the Five Eyes intelligence network.
Domestic politics: The UK Government has said that advertising services on social media to cross the English Channel illegally could carry a five-year sentence. Around 25,000 people have reached the UK by small boats this year – a 50 per cent increase on the same period last year.
The Mighty Calendar
What’s happening today?
Duchess of Sussex 44th birthday
Final day of England versus India fifth test match
Company results from: Biontech, Palantir
Lookahead to tomorrow
Bangladesh public holiday (Student Uprising Day)
UN committee discusses Global Plastics Treaty
Scottish exam results published
Company results from: BP, Saudi Aramco, News Corp, Fox Corporation, Pfizer, Diageo
The Mighty Finale
🌤️Weather today
Storm Floris hits the UK. Rain in the south. Gusty winds and rain in the north. High of 23C and low of 12C in London. Yellow weather warning issued for Northern Ireland and amber weather warning for Scotland.
✏️Life coaching quote of the day
“People who are not happy with themselves cannot possibly be happy with you.” – anonymous
Mighty takeaway: Don’t blame yourself for other people’s negative behaviour towards you.
That’s it for this morning. Thanks for reading and we hope you have a good start to the week.
Bye!
The Mighty Memo team