Liu Qiangdong sued Big V for $3 million; Boeing Co estimated that the suspension of 737 Max caused losses of $5.6 billion; and the co-founders of WeWork cashed out $700m on the eve of the listing.

U. S. stock index futures rose on Friday. Thanks to Microsoft Corp's better-than-expected performance and cloud business revenue, and market expectations of Fed easing supported market sentiment, indicating that Wall Street is expected to open higher.

Global news

• Trump says he is following Pentagon cloud computing contracts

  Us President Donald Trump says he is paying very serious attention to the $10 billion cloud computing contract that the Pentagon may award to Amazon.Com Inc next month. The Pentagon is bidding for contracts, but Trump says other companies complain that the terms favor Amazon.Com Inc, a major provider of cloud computing services. If Amazon.Com Inc can sign this contract, will he have a chance to return to the market capitalization of trillion yuan?

• Geopolitical risk heats up, oil price rebounds beyond1%

  Before trading, US WTI crude oil futures prices rebounded by more than 1%, Brent crude oil futures prices rebounded by more than 1.5%, escalating tensions in the Middle East supported oil prices, and the market worried that crude oil supply might be affected. Iran later denied reports that the United States had shot down an Iranian drone, raising geopolitical risks in the Middle East. However, concerns about weak demand could dampen the outlook for oil prices.

• European stock markets rose on Friday

  Optimism that the Fed will cut interest rates offset trade tensions. Major stock indexes in continental Europe rose sharply, with the European Stoxx 600 index up 0.5%, Germany's DAX index up 0.7% and France's CAC index up 0.5%.
  

Hot news

• $JD.com (JD.US) $CEOLiu Qiangdong sued Big V for maliciously damaging his image, claiming 3 million yuan.

  Weibo Corp certified as chairman of cloud computing network big V "Zhao Shengye" posted a blog Liu Qiangdong sued the "civil complaint", and said, "since you have me, then I will accompany to the end!" "

  In the indictment, Liu Qiangdong said that since March 2018, Zhao Shengye has posted dozens of comments through his social media account, continuously insulting and slandering him, and fabricating facts about him as "rape" and "sexual assault". And use "three abuse", "rapists" and other strongly insulting words to continue to abuse. Zhao Shengye also pointed out that Zhao Shengye slandered Liu Qiangdong's business "in order to get the favor of beauties" and maliciously vilified his entrepreneur image. Request to order Zhao Shengye to compensate 1 million yuan for mental damage and 2 million yuan for economic loss, totaling 3 million yuan.

• $Wanda Sports (WSG.US) $Will land on NASDAQ on July 26th

  It is reported that Wanda Sports will land on NASDAQ on July 26. According to the latest prospectus, Wanda Sports will issue a total of 33.3 million American depositary shares (ADS) with a range of $12 to $15 and a maximum of $575 million.
  

• $Anheuser-Busch Inbev SA (BUD.US) $Continue to evaluate Budweiser Brewing Company APAC Limited IPO, rising 5% before trading.

  Anheuser-Busch Inbev SA said today that he agreed to sell the Australian business to Asahi Group Holdings Co., Ltd. with an enterprise value of A $16 billion (US $11.3 billion), while saying that the company was still considering restarting the IPO of its Asian subsidiary.

• The co-founder cashed out on the eve of WeWork, the shared office unicorn.7100 million US dollars

  Adam Neuman, co-founder of WeWork, withdrew more than $700m from the company by selling shares and issuing bonds, according to the Wall Street Journal, citing people familiar with the matter. For a company that is about to IPO, such a large amount is unusual. According to the report, WeWork plans to hold an analyst's Day on July 31 to prepare for IPO.

  WeWork, valued at $47 billion in a recent round of private equity financing, is one of the most highly valued private companies in the world.

• $Boeing Co (BA.US) $It is estimated that the suspension of 737 Max will cause $5.6 billion in damage.
  

  Boeing Co announced that Boeing Co will set aside $4.9 billion in after-tax expenses for the second quarter, taking into account the losses caused by two fatal crashes that grounded 737 MAX aircraft. Boeing Co said the expense would reduce revenue and pre-tax profit by $5.6 billion in the current quarter, and warned that the cost of producing the aircraft was expected to increase by $1.7 billion in the second quarter, mainly due to a longer-than-expected decline in the rate of production, leading to higher costs.

  However, Boeing Co's share price was still up nearly 2 per cent before trading. Morgan Stanley said that this increase shows that this expenditure and Boeing Co's production plan are in line with investors' expectations. Boeing Co will release his second-quarter results on July 24.

• Explore and log back in to App Store$Momo Inc (MOMO.US) $It rose nearly 3% before trading.

  Probing is back on the shelves of Apple Inc App Store today, which can now be downloaded normally from Apple Inc App Store. April 28 this yearProbing App was removed from the Android app market for spreading illegal and illegal information such as pornography, and then was removed by Apple Inc App Store.In February 2018, Momo Inc bought Exploration Technology (Beijing) Co., Ltd. for a total of $771 million with a new issue of about 5.3 million Momo Inc Class A shares and $600.9 million in cash.

• Russia is once again right$Alphabet Inc-CL C (GOOG.US) $Impose a fine

  The Russian Federation Telecommunications, Information Technology and Mass Media Regulatory Authority posted on its website that it imposed a fine of 700000 rubles (11150 U.S. dollars) on Alphabet Inc-CL C of the United States. The source said that Alphabet Inc-CL C did not remove illegal information from the search results because it violated Russian law. Russian law stipulates that from October 1, 2018, search engines entering the Russian market must accept a directory of web pages banned by Russian authorities and block all search results in the directory. If you violate the provisions of the law, you will be fined 500000 to 700000 roubles.

• $Tesla, Inc. (TSLA.US) $Start laying V3 overcharge station

  Recently, the world's first mature Tesla, Inc. V3 supercharging station has been landed in Las Vegas. The charging station is powered by solar energy and batteries and is equipped with 24 V3 overcharging piles, which can provide charging services for nearly 1500 car owners every day. At present, the V3 overcharge network in North America is also being laid out. Tesla, Inc. said that the V3 overcharge network will enter Europe and the Asia-Pacific region in the fourth quarter of this year.

• BMW (ADR) (BMWYY.US) $Will cooperate with Tencent in the field of self-driving cars

  On July 19, at the China Innovation Day 2019 held by BMW Group, BMW Group and Tencent signed a cooperation agreement to jointly establish a "high-performance data-driven development platform". According to the cooperation agreement reached between BMW and Tencent, the two sides will build a "high-performance data-driven development platform" within 2019. On this platform, BMW will develop self-driving technologies and products that are more in line with the local market according to the actual needs of China.

• $Blackstone Group Inc (BX.US) $First permanent infrastructure fund raises $14 billion
  Blackstone Group Inc Group's first permanent capital infrastructure fund has been raised, raising a total of 14 billion US dollars. The fund can invest more than $1 billion and can arrange long-term investments without a deadline. Preqin Ltd. Blackstone Group Inc Group's fund is the largest fund raised by a single private equity fund for the first time, with the exception of the government-funded fund and the fund of Softbank Corp. Group Co., Ltd., according to the data. Softbank Corp. 's Vision fund is classified as a hybrid investment vehicle.
  

Financial and economic notice

There will be three new shares listed in the US stock market tonight.They are Brazil's leading medical education group: Afya Limited, Peruvian financial holding company: Intercorp Financial Services, and customer experience management company Medallia (MDLA).