Hot news

• Fed mouthpiece: non-farm strength in July means it is difficult for the Fed to slow down the pace of interest rate hikes

After the release of the strong US non-farm payrolls report in July, Nick Timiraos, a Wall Street Journal reporter known as the "Fed mouthpiece", wrote that the July non-farm data broke expectations of an economic slowdown and that the Fed may need to keep interest rates higher and longer to cool the overheated economy and labor market.

• Federal Reserve Governor Bowman: we should consider raising interest rates by 75 basis points several times in the future until we see inflation coming down.

On Aug. 6, local time, Federal Reserve Governor Michelle Bowman said the Fed should consider raising interest rates by 75 basis points several times at future interest rate meetings until inflation falls back to its target level."Last week, I supported the decision of the Federal Open Market Committee (FOMC) to raise the benchmark interest rate by 75 basis points," Bowman said. My view is that interest rate hikes of a similar scale should be on the agenda before we see a sustained, meaningful and lasting decline in inflation. "

• The U.S. Senate voted to promote the inflation reduction Act.

The U.S. Senate voted 51 to 50 to push forward a Democratic inflation reduction Act (the Inflation Reduction Act) bill. In late July, U.S. Democratic Senator Joe Manchin announced that he and Senate Democratic leader Chuck Schumer had reached an agreement to support the bill in the Senate through measures such as raising taxes on large businesses to provide funds needed to ensure energy stability, combat climate change, reduce the fiscal deficit and extend health care. A final vote on the bill will be held in the coming days.

• Us consumers are hollowed out: consumer credit surged in June, the second-largest monthly increase in history

Feverish inflation and aggressive interest rate hikes by the Federal Reserve are emptying the wallets of American consumers. Us consumer loans rebounded sharply in June, rising by $40.154 billion, well above market expectations of $27 billion and the second-highest monthly increase on record, according to data released by the Federal Reserve on Friday. Americans' credit card spending increased significantly throughout the second quarter, and at a time when the economy slows and layoffs hit, I am afraid that life for the American people in the third quarter will only be even more difficult.

Review of US stocks

• Interest rate hikes are expected to intensify sharply, with the Nasdaq falling more than 1% at one point last Friday, and most hot US-listed stocks closed down.

The market thinks the Fed will get more leverage to raise interest rates aggressively because of the higher-than-expected non-farm payrolls data in July. The three major indexes of US stocks closed mixed, with the Nasdaq down 0.5%, up 2.15% last week, the S & P 500 down 0.16%, up 0.36% last week, and the Dow up 0.23%, down 0.13% last week. Among them, the Nasdaq and the S & P 500 index rose three times in a row.

Star technology stocks fell across the board, Tesla, Inc. fell more than 6%, Amazon.Com Inc fell more than 1%, Apple Inc, Alphabet Inc-CL C, Microsoft Corp fell slightly.

Most popular Chinese stocks closed down, BABA fell 5%, NIO Inc. fell more than 3%, JD.com fell more than 2%, Pinduoduo fell nearly 2%, Baidu, Inc. fell more than 1%.

• The god of the stock has not avoided a big fall! Berkshire lost a huge $53 billion on its portfolio in the second quarter

On the morning of August 6, US Eastern time (the evening of August 6, Beijing time), the stock god Warren Buffett$Berkshire-A (BRK.A.US) $The company reported a net loss of $43.755 billion attributable to shareholders in the second quarter due to a huge paper loss on its portfolio, compared with a net profit of $28.094 billion in the same period last year. It is worth noting that the biggest drag is that its portfolio lost 53 billion dollars in the market crash.

• Is Tesla, Inc. in trouble again? The California DMV accused it of falsely promoting autopilot.

The California Motor vehicle Administration (DMV) filed charges last week, local media reported on Friday.$Tesla, Inc. (TSLA.US) $It made false advertisements while promoting the company's iconic autopilot and fully autopilot technology. The agency said the electric carmaker misled customers and exaggerated the functions of self-driving and fully self-driving technology in advertising language on its website. The charge could affect Tesla, Inc. 's car sales business in California. Tesla, Inc. 's license to build and sell cars in California could be suspended or revoked if the regulator successfully complains to the California administrative hearing office.

• Seizing the new track to prepare for the epidemic era: Pfizer Inc negotiated a merger worth 5 billion US dollars

Synthesize a number of foreign media reports$Pfizer Inc (PFE.US) $Just buy outGlobal Blood Therapy (GBT.US) $To conduct in-depth negotiations. According to the report, Pfizer Inc plans to invest about $5 billion in the merger to strengthen the diversity of the company's business and rely on other products for long-term sales growth in the post-COVID-19 pandemic. Buoyed by the news, GBT closed 33 per cent higher on Friday.

• The leader of the global floor sweeping robot hugged his thigh, Amazon.Com Inc announced the acquisition of iRobot for 1.7 billion US dollars.

On Friday, local time, the tech giant$Amazon.Com Inc (AMZN.US) $Announced the acquisition of floor sweeping robot faucet$iRobot (IRBT.US) $In the case of calculating the company's net liabilities, the total transaction price reached $1.7 billion. The transaction, which will be conducted in an all-cash manner, is the fourth largest transaction in the history of Amazon.Com Inc. Buoyed by the news, iRobot closed up 19.10% at $59.54 a share on Friday.

• Meta agrees to postpone the acquisition of VR Within

According to court documents, Facebook Inc's parent company$Meta Platforms (META.US) $Has agreed to postpone the acquisition of Within Unlimited, a VR company. In October, Meta agreed to buy Within for an undisclosed amount. However, the Federal Trade Commission (FTC) filed a lawsuit last month to block the deal. FTC believes the proposed acquisition will help Meta dominate VR. Meta, on the other hand, argues that FTC's move is based on ideology and speculation, not evidence.

• Musk: once the real user data is confirmed, the Twitter deal will continue

Tesla, Inc. CEO Elon Musk said a few days ago that he hoped$Twitter (TWTR.US) $Officials can confirm how many users are real and how many are fake. If the details of the actual user accounts of the Twitter platform can be confirmed, Elon Musk's acquisition of Twitter is still likely to continue. Twitter declined to comment on Saturday. The company has repeatedly disclosed to the Securities and Exchange Commission that it estimates that less than 5% of user accounts are forged or spam, and denies that it may be higher.

Last Friday, US stock turnover TOP20

The Prospect of Hong Kong City

• Tencent continuously increased his position in Beishui and bought nearly HK $600 million last Friday.

On August 5, southbound Capital bought a net HK $437 million, while Tencent, China Mobile Limited and time Electric bought a net HK $592 million, HK $246 million and HK $73 million respectively. Among them, Beishui increased its position in Tencent for six consecutive days, buying a total of nearly 7 billion Hong Kong dollars. CNOOC Limited ranks first in net sales, with a value of HK $331 million.

• Sunac China: the contract sales totaled 123.85 billion yuan in the first 7 months

$Sunac China (01918.HK) $According to the announcement, in July 2022, the group realized the contract sales amount of about 11.03 billion yuan, the contract sales area of about 884000 square meters, and the average contract sales price of about 12480 yuan per square meter. By the end of July 2022, the total contract sales amount of the group is about 123.85 billion yuan, the cumulative contract sales area is about 9.405 million square meters, and the average contract sales price is about 13170 yuan per square meter.

• Minimally invasive medical care: estimated net loss of about $193 million-203 million in the first half of the year

$minimally invasive medical treatment (00853.HK) $It is reported that for the six months ended June 30, 2022, the Group recorded a loss of approximately US $193 million to US $203 million for the period attributable to the company's equity shareholders, compared with a loss of approximately US $90.3 million for the same period last year.

• Genscript Biotech Corporation: the estimated adjusted loss in the first half of the year is US $115 million to US $137 million.

Genscript Biotech Corporation (01548.HK) $announcement, six months ended June 30th, 2022The adjusted net profit of the group business, excluding the cell therapy business, maintained steady growth, with an expected growth of about 10.3% to 20.9%. The acellular therapy business is expected to record an adjusted net profit of approximately $29 million to $31.8 million, compared with approximately $26.3 million for the same period in 2021.Overall, the Group recorded an adjusted loss of about $115 million to $136.6 million during the expected period, compared with an adjusted loss of about $135.8 million for the same period in 2021.dollar.

Focus today

Key words: July Conference Board Employment trend Index, BioNTech/ LUCKN COFFEE DRC Financial report

On Monday, on the data side, the euro zone August Sentix investor confidence index and the US July Conference Conference Employment trend Index will be released.

The euro zone's July Sentix investor confidence index recorded-26.4, the lowest since May 2020, with expectations of-19.9 and a previous value of-15.8. As the epidemic continues to hit the economy, the August data released on August 8 are still not satisfactory.

Financial report$BioNTech (BNTX.US) $、$Palantir Technologies (PLTR.US) $、$LUCKN COFFEE DRC (LKNCY.US) $、$Sohu.com Ltd (SOHU.US) $And other companies will disclose their results.

On May 24, Lucky released its results for the first quarter of 2022. According to the financial report, the total net income in the first quarter of 2022 was 2.4046 billion yuan, an increase of 89.5% over the same period last year. This is the company's quarterly operating profit for the first time, LUCKN COFFEE DRC Chairman and CEO Guo Jinyi called the Q1 results as a "milestone."

Niuniu morning reading:

Investment is exciting and enjoyable, but it is also dangerous if you are not prepared.

-- Peter Lynch