Hot news

• Fed survey: Consumer inflation expectations for the next three years are rising, with mixed expectations for the labor market.

The latest survey by the New York Fed shows that people's expectations for the labor market are mixed, overall stable, with stable expectations for inflation in the next 1 year and 5 years, but inflation expectations for the next 3 years have risen, increasing uncertainty about inflation. Zerohedge reports that the Fed is focusing on employment responsibilities and will initiate a loose monetary policy cycle, facing increasing risks of being caught off guard in a situation where prices are still high.

• Is a 50 basis point cut a "bad thing"? Analyst: This is a "positive" signal, indicating that the Fed is supporting employment.

Wall Street News previously mentioned that some analysts believe that if the Federal Reserve chooses to cut interest rates by 50 basis points next week, it will confirm the expectation of a US economic recession and inevitably cause market panic. On Wall Street, this view has been opposed by some analysts and economists. Analysis points out that a significant interest rate cut can help address inflation and employment issues, and the unemployment rate and interest rates are still at historic lows, and corporate profits have been strong, indicating that the resilience of the US economy still exists.

• Is the 'political honeymoon period' over? Latest polls: Harris' support rate has stagnated, lagging behind Trump.

According to a poll published by The New York Times and Siena College on September 8th, Trump leads Harris by a slight advantage of 48% to 47%. This is the first time in nearly a month that Trump has led Harris in a mainstream poll.

• 'Amnesty' for Wall Street? New US regulations may only require the largest banks to increase capital by 9%.

On Monday, September 9th, Eastern Time, Bloomberg reported, citing knowledgeable sources, that after regulatory agencies agreed to a comprehensive revision of the proposed package of rules, the new regulatory plan will require the largest group of banks in the United States to increase their capital by 9%, a significant decrease from the originally planned 19% increase.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• The three major indices all rose 1%, with NVIDIA up 3.54% and Apple rallying after the release of new products.

The three major U.S. stock indices all closed higher as investors shifted their focus from last week's employment data to this week's CPI data and the U.S. presidential debate.

Most tech giants rebounded, with Apple up 0.04%, Microsoft up 1%, Amazon up 2.34%, META up 0.9%, Google-A down 1.33%, Tesla up 2.63%, NVIDIA up 3.54%, and Intel up 0.95%.

Most Chinese concept stocks showed gains, with Alibaba up 0.32%, Baidu up 0.77%, Pinduoduo down 0.9%, JD.com down 0.69%, NetEase down 0.03%, NIO up 10.76%, Li Auto up 3.06%, and Xpeng Auto down 0.23%.

• Apple's most significant unveiling event of the year! iPhone 16 series supports Apple AI.

$Apple (AAPL.US)$ The 'Glowtime' press conference was held, and the heavyweight product iPhone 16 series chip configuration supports Apple's personal intelligent system Apple Intelligence. The first batch of Apple's advanced AI functions will be launched as early as next month. During the press conference, Apple's stock price mostly continued to decline, initially turned upwards in the short term, gradually followed the rebound of the market after the end of the press conference, wiped out the decline in the afternoon, and finally closed with a slight increase, almost flat.

• Oracle's stock price soared after the market, driven by the growth of cloud business profits exceeding expectations.

$Oracle (ORCL.US)$ On Monday, after the market released better-than-expected financial reports, the stock price rose by nearly 9%. Oracle announced on Monday that its earnings per share, excluding certain items, were $1.39. Revenue for the quarter ended August 31 increased 7% to $13.3 billion. Analysts' average earnings per share estimate was $1.33, with an average revenue estimate of $13.3 billion. The company also announced a partnership with Amazon AWS and Google Cloud.

• Will the volatility of Nvidia and Tesla continue to increase? The popular end-of-day options on Wall Street are expected to expand to individual stocks.

End-of-day options became popular in the US market in 2022, driving record trading volumes in the options market. Now, Wall Street is seeking the next breakthrough, which may be in the form of $Tesla (TSLA.US)$ At present, individual stock options expire once a week, usually on Friday. In order to introduce end-of-week options for individual stocks, exchanges need to add option expiration dates from Monday to Thursday. $NVIDIA (NVDA.US)$ At present, individual stock options expire once a week, usually on Friday. In order to introduce end-of-week options for individual stocks, exchanges need to add option expiration dates from Monday to Thursday.

• Google's second antitrust case is going to trial, with the US Department of Justice accusing it of monopolizing the advertising technology market by as much as 91%.

On Monday, September 9th, Eastern Time, the second antitrust case against Google began in the United States District Court for the Northern District of Virginia. Google argued that the Department of Justice's lawsuit focused too narrowly on website advertising and exaggerated Google's market share, which does not include competitors such as Amazon, Meta, Microsoft, and TikTok. Its lawyers warned that if Google were to be ordered to be split up, it would only benefit other tech giants.

On the day of the trial, $Alphabet-A (GOOGL.US)$ The stock price opened high and fell after the opening, rising more than 1.6% at the beginning of the trading, but fell nearly 2.6% intra-day when it hit a new low during the midday trading. It ended up falling more than 1.3% and closed at a low since March 21, after falling for two consecutive trading days.

• Palantir and Dell rose after being included in the S&P 500 index.

With the inclusion in the S&P 500 index, the AI concept stocks in the USA rose by 14.08% on Monday, $Palantir (PLTR.US)$ $Dell Technologies (DELL.US)$ The stock rose by 3.81%, and the change will take effect before the opening on September 23. Also on Monday, Palantir announced a five-year AI strategic cooperation agreement with BP plc.

• Nio achieved a 5-day consecutive increase, with a cumulative rise of nearly 38%.

$NIO Inc (NIO.US)$ Rising nearly 11% overnight, with a cumulative increase of up to 38% in the past 5 trading days. On the news front, Nio released a second-quarter report that exceeded expectations, prompting several institutions to raise the target price ahead of the results. JPMorgan raised the target stock price of the company from $5.3 to $8.

• US monkeypox concept stock Tonix Pharmaceuticals announced positive research data.

As of Monday's close, the monkeypox concept stock $Tonix Pharmaceuticals (TNXP.US)$ Rose by 15.86%. The company announced that the investigational mpox virus vaccine TNX-801 has demonstrated effectiveness against type 1 variant viruses in animal experiments. Compared to the company's previously approved Jynneos vaccine, TNX-801 offers advantages such as single-dose injection and no requirement for ultra-low temperature storage.

• Actelis Networks rose more than 36% after hours, and the company received a new order from a major aviation department in the United States.

$Actelis Networks (ASNS.US)$ After rising more than 36% after market, Actelis received a major order from a important aviation department in the United States. This significant order will support the institution's numerous applications, including connecting remote facilities, round-trip radar networks, and integrating T1 lines into fiber optic projects through IP.

If you want to play this game, you must believe in yourself and your judgment.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• Northbound funds bought more than HKD 6 billion of Tracker Fund of Hong Kong, bought more than HKD 0.7 billion of Kuaishou, and sold nearly HKD 1.2 billion of Tencent.

On September 9 (Monday), southbound funds net purchased 5.828 billion Hong Kong dollars in Hong Kong stocks.

$TRACKER FUND OF HONG KONG (02800.HK)$,$KUAISHOU-W (01024.HK)$,$CSOP Hang Seng TECH Index ETF (03033.HK)$Received net purchases of 6.01 billion Hong Kong dollars, 0.728 billion Hong Kong dollars, 0.634 billion Hong Kong dollars respectively;

$TENCENT (00700.HK)$,$MEITUAN-W (03690.HK)$,$AKESO (09926.HK)$Net sales of HKD 1.153 billion, HKD 0.914 billion, and HKD 0.322 billion respectively.

• The two exchanges announced that Alibaba and other companies will be included in the Hong Kong stock connect.

Shanghai and Shenzhen Stock Exchanges: Due to adjustments in the Hang Seng Composite LargeCap Index, MidCap Index, and SmallCap Index, there have been changes in the list of securities in the Stock Connect program, and the revised list will take effect from September 10, 2024. $BABA-W (09988.HK)$Please use your Futubull account to access the feature.$IMOTIONAUTOTECH (01274.HK)$Please use your Futubull account to access the feature.$SF INTRA-CITY (09699.HK)$ 32 stocks, removed $POWERLONG (01238.HK)$Please use your Futubull account to access the feature.$SHIMAO GROUP (00813.HK)$Please use your Futubull account to access the feature.$SINO-OCEAN GP (03377.HK)$ And 33 stocks.

• Guotai Junan International will resume trading today.

$GUOTAI JUNAN I (01788.HK)$ In the announcement, GTJA plans to merge with Haitong Securities through absorption and merger, and resume trading on September 10th.

• Wuxi AppTec: Now and in the future, it will not pose a national security risk to any country.

$WUXI APPTEC (02359.HK)$ According to the announcement by The Stock Exchange of Hong Kong, the Company has learned that the U.S. House of Representatives on September 9, 2024 (U.S. time) proposed the legislative bill numbered H.R. 8333 on the "Biosecurity Act". The legislative bill passed this time was based on the version previously passed by the House Oversight and Accountability Committee on May 15, 2024 (U.S. time), which includes designating WuXi AppTec as a "biotechnology company of concern". The Company strongly opposes such a predetermined and unreasonable designation without due process.

Despite this restrictive provision, the bill also includes a non-retroactive provision that allows the designated companies to continue to fulfill their government-funded contracts for their clients until 2032. We firmly believe that WuXi AppTec has not, does not, and will not pose a national security risk to the United States or any other country in the past, present, and future, and the company has not been subject to any sanctions by U.S. government agencies.

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: Huawei New Product Launch Event; GameStop Financial Report; US August NFIB Small Business Confidence Index

In terms of financial data, investors should focus on China's trade balance, USA's NFIB Small Business Confidence Index for August, United Kingdom's August unemployment rate and other data.

On the financial report side, meme stock "originator" $GameStop (GME.US)$ will disclose the latest financial report after the market closes.

Futubull Morning News:

Changes are always happening. If you don't embrace progressive changes, you will end up waiting for regressive changes.
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