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• Record-breaking! Within 24 hours after the first debate, Harris raised $47 million in funds.

"Hart's first debate" further enhances the fundraising ability of Kamala Harris, the Vice President of the United States and presidential candidate of the Democratic Party. According to media reports, a spokesperson for Harris' campaign team stated that within 24 hours after the debate with former President and Republican presidential candidate Donald Trump on Tuesday night, Harris raised $47 million. It is worth noting that this is the largest 24-hour fundraising amount for Harris since she participated in the presidential campaign.

• The demand for ultra-long-term US bonds is slightly weak, and the auction of 30-year US Treasuries in the United States is significantly worse than shorter-term bonds.

On Thursday, the US Department of the Treasury auctioned $22 billion in 30-year US Treasury bonds. After the outstanding 3-year and 10-year US Treasury auctions earlier this week, the demand for this longer-term 30-year US Treasury auction was weak and significantly worse than the auction of shorter-term bonds.

The winning rate for this auction is 4.015%, the lowest since July 2023, compared to 4.314% on August 8th. The pre-issued interest rate for this auction is 4.001%, 1.4 basis points lower than the final winning rate, reflecting weak demand for the third consecutive auction.

• Officials from the European Central Bank have not ruled out the possibility of an interest rate cut in October.

Officials from the European Central Bank's Governing Council have not ruled out the possibility of an interest rate cut at the next interest rate meeting on October 17th, even though the possibility of consecutive interest rate cuts is low at the moment. Given the downside risks to economic growth in the eurozone, ECB officials want to keep the option of interest rate cuts at the October meeting. A spokesperson for the European Central Bank declined to comment on the above news.

Analysis points out that with only five weeks remaining until the European Central Bank's October meeting, officials will have only one new inflation data. To determine whether the eurozone economy will experience a downturn, policymakers will need to rely on soft data such as PMI, rather than hard data.

• The market slightly raised its bet on a 50 basis point rate cut by the Federal Reserve next week, influenced by media reports.

The likelihood of a 50 basis point rate cut by the Federal Reserve next week, which was digested by the swap contract, has slightly increased. Previously, the Wall Street Journal reported that policymakers were considering a 25 basis point or 50 basis point rate cut. The September OIS contract fell by about 3 basis points to a mid-session low of around 5.04%, corresponding to a rate cut of about 28 basis points at the September meeting, moving towards the midrange of Wednesday; as of the close of Wednesday, the corresponding rate cut was 26 basis points. The bet on the rate cut for the year is still around 103 basis points, unchanged during the day.

• Gold prices surged to record highs, and analysts shouted: there is still a possibility of further increases.

Gold prices soared to a new historic high on Thursday. Data showed that Comex gold futures for September rose 1.5% to $2551.20 per ounce, reaching a new all-time high. Since the beginning of the year, the prices of gold and silver have risen by 23.7% and 24.7%, respectively. Ole Hansen, head of commodity strategy at Saxo Bank, said: "A series of factors such as the interest rate cut by the European Central Bank, a slight increase in initial jobless claims in the United States last week, and PPI data are enough to push gold prices to new highs."

• The Russell 2000 index rose by 4% in the third quarter, outperforming the S&P 500 index.

Even though they were hit harder than large-cap stocks in September, small-cap stocks in the United States still outperformed the S&P 500 index in the third quarter. According to FactSet data, the Russell 2000 index rose by 4% this quarter, although it has fallen by 4% as of Thursday this month. In comparison, the S&P 500 index only rose by 2.5% in the third quarter, but it still significantly outperformed small-cap stocks year-to-date.

• OpenAI has released a preview version of its OpenAI o1 series of models, which have inference capabilities.

OpenAI has released a preview version of GPT-4, calling it a "cost-effective" model. The company has developed a new series of artificial intelligence (AI) models that "can take more time to think about many issues before responding - just like humans." Test results show that the performance of the upgraded new models is similar to that of PhD students in basic tasks in physics, chemistry, and biology. This is a significant advancement for complex reasoning tasks, indicating a new level of AI capability. In light of this, OpenAI is resetting its challenge level to 1 and naming the latest model the OpenAI o1 series.

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

• All three major indices rose, with golden industrial concept stocks surging across the board.

As expected, consistent U.S. PPI data was released. With all the key data before the Fed's start of this rate cut cycle now out, the U.S. stock market is preparing to enter a "wait-and-see mode." At the close, the S&P 500 index rose 0.75%, the Nasdaq index rose 1%, and the Dow Jones Industrial Index rose 0.58%.

On Thursday, the tech giants continued to maintain their momentum, with Apple up 0.05%, Microsoft up 0.94%, Amazon up 1.34%, Meta up 2.69%, Google-A up 2.34%, Tesla up 0.74%, Nvidia up 1.92%, and Intel down 1.43%.

Golden industrial concept stocks surged across the board, $Newmont (NEM.US)$up 4.22%, $Barrick Gold (GOLD.US)$Rose 4.15%, $Coeur Mining (CDE.US)$ Rose nearly 20%.

• The outlook for Oracle's cloud business is optimistic, with expected revenue of at least $104 billion in fiscal year 2029, and the stock price reaching a new all-time high.

$Oracle (ORCL.US)$ The company expects its annual revenue to increase to at least $104 billion in fiscal year 2029, signaling optimism for its cloud infrastructure business. Oracle Executive Vice President Doug Kehring presented this forecast at the annual briefing for financial analysts on Thursday. Oracle also raised its revenue expectations for fiscal year 2026 from the previous $65 billion to at least $66 billion, with analysts estimating the company's revenue for fiscal year 2026 to be $64.5 billion on average.

The Austin-based company, known for its database software, is focused on expanding its influence in the cloud infrastructure field, competing with Amazon, Microsoft, and Google under Alphabet Inc. Oracle's stock rose more than 6% in post-market trading, reaching a new all-time high.

• Adobe's post-market trading fell nearly 9%, fourth quarter revenue guidance below expectations.

$Adobe (ADBE.US)$ Post-market trading in the U.S. fell more than 7%, with third quarter revenue of $5.41 billion, analyst expectations of $5.37 billion; adjusted earnings per share for the third quarter were $4.65, analyst expectations of $4.53; fourth quarter revenue is expected to be $5.5 billion - $5.55 billion, analyst expectations of $5.6 billion; fourth quarter adjusted earnings per share are expected to be $4.63 - $4.68, analyst expectations of $4.68.

• Berkshire Hathaway's main assistant Ajit Jain sold more than half of his Class A stock.

Berkshire Hathaway's vice chairman of insurance operations, Ajit Jain, sold shares worth $0.139 billion. $Berkshire Hathaway-A (BRK.A.US)$ Jain is one of Berkshire Hathaway's main assistants. According to regulatory filings, he sold 200 shares of Class A stock at a price of approximately $695,418 per share. This sale means he still holds a total of 166 shares of Berkshire Hathaway stock, of which 61 are held directly by him. Jain joined Berkshire Hathaway in 1986 and is responsible for the group's insurance operations, including auto insurance company GEICO.

• Moderna cuts development budget, stock price plunges.

A well-known mRNA industry company $Moderna (MRNA.US)$ On Thursday, it announced that due to poor vaccine sales, it would cut 20% of its R&D budget for the next three years. Five projects in the pipeline have been terminated, and the goal of achieving breakeven has been postponed from 2026 to 2028. As a result, the company's stock price fell by 12.36%, hitting a new low for the year. The company also released news that the mRNA vaccine for skin cancer in collaboration with Merck will be launched as early as next year.

• Warner Bros. Discovery Inc. rose more than 10% and signed a content distribution renewal agreement with Charter.

$Warner Bros Discovery (WBD.US)$Warner Bros. Discovery Inc., also known as 华纳兄弟探索公司 in Chinese, led the gains in the overnight trading of the S&P 500 constituents. The company has signed a content distribution renewal agreement with Charter Communications. Under the agreement, users of Charter Spectrum services can now receive Max (Ad Lite) streaming service for free with all their TV packages. The financial terms of the agreement were not disclosed.

Warner Bros. Discovery Inc. expects its Max streaming platform to add over 6 million subscribers in the third quarter as the service continues to gain momentum in the international market. "We are in the process of scaling and in the second half of this year we will start to see revenue growth that is driven by actually growing the user base," said David Zaslav, CEO of Warner Bros. Discovery Inc., during the Goldman Sachs Technology Conference on Thursday.

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 continue to buy Alibaba for over 3.5 billion Hong Kong dollars, and buy Tencent for nearly 0.2 billion Hong Kong dollars.

On September 12th (Thursday), southbound funds net bought 3.075 billion Hong Kong dollars of Hong Kong stocks.

$BABA-W (09988.HK)$,$TRACKER FUND OF HONG KONG (02800.HK)$,$TENCENT (00700.HK)$Received net purchases of 3.513 billion Hong Kong dollars, 0.464 billion Hong Kong dollars, 0.162 billion Hong Kong dollars respectively;

$HKEX (00388.HK)$,$MEITUAN-W (03690.HK)$,$CHINA MOBILE (00941.HK)$Net sales of 0.634 billion Hong Kong dollars, 0.253 billion Hong Kong dollars, 0.114 billion Hong Kong dollars respectively.

• Taobao has fully integrated WeChat Pay, with only a few merchants currently using it.

Long-awaited $BABA-W (09988.HK)$ alibaba is fully integrating $TENCENT (00700.HK)$ wechat pay is officially launched. Starting from yesterday, all alibaba tmall merchants will gradually open wechat pay, and are currently inviting merchants in batches. According to relevant statistics, using alipay for settlement is still the mainstream, with only a few merchants opening wechat pay, and consumers are also gradually opening up to trials.

• Postal Savings Bank of China reported a net profit of 48.885 billion yuan in the first half of the year, compared to 49.638 billion yuan in the same period last year.

$PSBC (01658.HK)$ Announcing performance, first half-year revenue of 176.919 billion yuan, compared to 177.157 billion yuan in the same period last year. First half-year net interest income of 142.876 billion yuan, compared to 140.305 billion yuan in the same period last year. First half-year net profit of 48.885 billion yuan, compared to 49.638 billion yuan in the same period last year. First half-year attributable net profit to bank shareholders of 48.815 billion yuan, compared to 49.564 billion yuan in the same period last year.

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.

关键词：美国9月密歇根大学消费者信心指数初值/一年期通胀率预期初值

In terms of financial data, investors can pay close attention to the preliminary results of the University of Michigan's Consumer Confidence Index for September and the preliminary expectations for the one-year inflation rate.

In terms of new stocks, new stocks in the US $Bicara Therapeutics (BCAX.US)$Please use your Futubull account to access the feature.$Zenas BioPharma Inc. (ZBIO.US)$ will be listed.

Futubull Morning News:

If I act only according to what I understand and don’t ask others how to do it, it will be easy and profitable.

- [USA] Jim Rogers

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