Want to beat Trump? Us billionaires plan to run for president; BABA is rumored to be listed in Hong Kong in the last week of November; China has the largest number of blockchain patent applications in the world; and a number of US stocks are to be listed tonight, with 36Kr Holdings priced at $14.50 a share.

Global macro

• Before Friday, Nasdaq futures and S & P futures fell slightly.

Before Friday, Dow futures rose slightly, while the Nasdaq and S & P fell slightly, suggesting that U.S. stocks may stop after hitting new highs, while investors began to examine the possible uncertainty after experiencing the initial joy of the optimistic outlook.

• Fed Bostic: will be open to interest rate hikes or cuts

Bostic, president of the Federal Reserve Bank of Atlanta, said he would be open to raising or cutting interest rates; that taking steps in any direction would require a significant change in the outlook; that he might have cast a different vote in support of keeping interest rates unchanged; and that inflation was actually very healthy.

• Worried that the Democratic candidate will not be able to beat Trump, American billionaires are preparing to run for president.

Michael Bloomberg, an American billionaire and former mayor of New York City, is actively considering running in the 2020 presidential election, according to several US media reports. 'We need to finish the job now and make sure Trump is defeated, 'Bloomberg adviser Wolfson said in a statement on the 7th. According to the results of a new poll by the Associated Press, 67% of Democrats are anxious about the 2020 presidential election, and 64% of Democrats say they are depressed.

• Blockchain White Paper (2019) released, China leads the world in the number of patent applications

The China Academy of Information and Communications released the White Paper on blockchain (2019) in Beijing today. According to the statistics of the white paper, at present, the number of patent applications for public blockchain in the world is as high as 18000, with China accounting for more than half of the total, ranking first in the world.

• Zhou Xiaochuan: the inflation rate of all countries is at a low level, which has a lot in common.

Zhou Xiaochuan, former governor of the central bank, said in a speech today that in the past, the figures of economic growth, employment and inflation varied greatly among countries. Prices in some countries were stable or even deflationary, but inflation was very serious in others. This largely depends on the results of the adjustment of the domestic policy system. Zhou Xiaochuan pointed out: generally speaking, the current inflation rate in all countries is relatively low, which has a lot in common. As a main goal of monetary policy regulation, price level shows the direction of common movement.

• European stocks rose across the board at the start of trading.法Economic data are beautiful

After the opening of the European market, European stock markets rose across the board, with the pan-European STOXX600 index rising to a four-year high and Germany's DAX index rising 0.7% to its highest level since January 2018. German exports rose at their fastest pace in six months in September, which analysts say will help Germany avoid recession. French industrial production continued to expand and employment growth accelerated in the third quarter. In addition, outgoing European Commission President Jean-Claude Juncker believes that Trump will not impose tariffs on cars exported to the United States by European automakers.

Hot news

• It is said that BABA plans to list in Hong Kong in the last week of November.

$BABA (BABA.US) $Rumors of a secondary listing in Hong Kong keep raging, and according to several media reports, BABA is preparing to list on the Hong Kong Stock Exchange in the last week of November, with plans to issue $15 billion in shares.

• BABA led the rookie with 23.3 billion yuan, and his shareholding increased to 63%.

$BABA (BABA.US) $It was announced today that it has taken the lead in completing a new round of capital increase for Cainiao network in order to continuously increase investment in intelligent logistics and strengthen the logistics infrastructure of business operating systems. By increasing capital and buying old shares, BABA invested 23.3 billion yuan and increased his rookie stake from about 51 per cent to about 63 per cent.

• Musk publicly responded to the famous Tesla, Inc. bears: hope to talk face-to-face

News in the afternoon of November 8, Beijing time$Tesla, Inc. (TSLA.US) $CEO Musk posted a letter to David Einhorn, founder of Greenlight Capital, on the social platform, saying, "We have read your Greenlight Capital's open letter to investors in the third quarter of 2019." In your letter, you made many false accusations against Tesla, Inc.. In addition, Maska hopes to invite David Einhorn to meet with him to discuss issues related to Tesla, Inc. and visit Tesla, Inc. 's facilities.

• The first batch of domestic Tesla, Inc. trial cars were officially unveiled.

November 8, the first batch of domestic products$Tesla, Inc. (TSLA.US) $The trial-production car was officially unveiled. The appearance and interior decoration of the domestic version Model 3 is exactly the same as that of the imported version. There is the Chinese logo "Tesla, Inc." in the tail of domestic Tesla, Inc..

• Walt Disney Company's "blockbuster" shines brilliantly, rising before the market.6%

$Walt Disney Company (DIS.US) $Q4's profits halved, mainly due to increased investment due to the launch of Disney+ to compete with Netflix, but the huge box office sales of "Lion King" and "Toy Story 4" boosted Walt Disney Company's performance and helped him beat expectations. Walt Disney Company's box office revenue increased by 52% compared with the same period last year, and operating profit increased by 79%. Before trading, Walt Disney Company was up 6 per cent.

• Pinduoduo: 100 imported brands with annual sales of more than 10 million will be cultivated in the next 3 years.

$Pinduoduo (PDD.US) $When attending the activities related to the Expo, the person in charge of global purchasing said that in the next three years, Pinduoduo will introduce 10000 top international brands and cultivate more than 100 imported brands with annual sales of more than 10 million yuan. To achieve cross-border direct mail and bonded goods as the core of the global purchase business annual sales of more than 200 billion yuan.

• GAP plummeted 9% before trading.CEOSuddenly announceLeave and lower the annual performance forecast

The third quarter$GAP (GPS.US) $Same-store sales fell 4%, compared with flat sales in the same period last year. The company also warned that it expected full-year earnings per share of $1.70 to $1.75, down from its previous forecast of $2.05 to $2.15. In addition, GAP announced the departure of CEO Art Peck, which will be temporarily replaced by Robert J. Fisher, non-executive chairman of the company's board of directors. Before trading, GAP plunged 9.47 per cent.

Financial and economic notice

• A number of US stocks are to be listed. 36Kr Holdings IPO is priced at US $14.50 / ADS.

Six U.S. stocks are expected to list tonight, of which the listing date will be postponed from last night to today.$36Kr Holdings (KRKR.US) $The IPO is announced to be priced at $14.50 / ADS, compared with a previous pricing guidance range of $14.50 to $17.50. 36Kr Holdings has reduced the number of shares sold in IPO from 3.6 million ADS to 1.38 million ADS.