Hot news

• Is the Fed's first rate cut prediction evenly split? Goldman Sachs pours cold water: most likely 25 basis points!

Now for Wall Street, the Federal Reserve's rate cut next week seems to be a done deal. The biggest question now is whether it will be a 25 basis point cut or a 50 basis point cut. And Goldman Sachs seems to lean towards the former. The bank's strategist stated that a 25 basis point cut is still the most likely outcome. Data released earlier this week had once dashed hopes of a 50 basis point cut: the core CPI index, which excludes the highly volatile food and energy prices, increased by 0.3% on a month-on-month basis in August, the highest increase in four months and slightly higher than the market's median expectation of 0.2%.

• JPMorgan reiterates its expectation for a 50 basis point rate cut by the Federal Reserve in September.

Amid declining inflation and weak employment data, JPMorgan economists reiterated their expectation of a 50 basis point rate cut at the Federal Reserve policy meeting next week. "We believe the next move for the Federal Reserve should be clear, which is to cut rates by 50 basis points to adapt to changes in the risk balance," wrote Michael Feroli, the bank's chief U.S. economist, in a report on Friday.

• The U.S. consumer confidence index rose to a new high since May, but a cautious attitude remains.

The University of Michigan's preliminary consumer sentiment index for September was 69, with an expectation of 68.5 and a previous value of 67.9. The consumer confidence index rose to the highest level since May 2024, rising for the second consecutive month, an increase of about 2% from August. The director of the University of Michigan's consumer survey stated that the consumer confidence index rose to the highest level since May 2024, rising for the second consecutive month, an increase of about 2% from August.

• Is the recession not coming? Americans are currently in the "richest" period in history!

Despite the recurring warnings about the recession in the US economy, the latest data from the Federal Reserve shows that Americans are currently in the wealthiest state ever. It can be said that they have never been this wealthy. According to the latest Financial Accounts of the United States report released by the Federal Reserve on Thursday, as of the end of the second quarter, Americans' cumulative net assets amounted to $163.8 trillion, an increase of nearly 2% from $161 trillion in the first quarter, primarily due to the continued rise in prices in the US real estate market.

• Shooting near Trump's Florida golf club! FBI: Alleged attempted assassination of Trump.

According to reports from several foreign media outlets, on the 15th local time, a shooting incident occurred near former US President Trump's golf club in West Palm Beach, Florida. According to law enforcement sources, Secret Service agents found a man carrying an AK-47 rifle near Trump's golf course, and after agents fired at the man, Trump was urgently escorted to a safe area by the Secret Service. It is reported that the gunman was discovered by advance teams at the Trump golf course. It is currently unclear whether the man was on the runway or nearby.

• Historic first! Hedge fund net put on Brent crude oil.

For the first time in history, hedge funds switched to a net put position on Brent crude oil due to extreme concerns about oil oversupply. As of the week ending September 10, fund managers held 12,680 more short positions than long positions, marking the first occurrence since ICE European futures data began in January 2011. Fund managers also increased their bearish positions on diesel to a record 64,461 net short positions.

• Breaking through 2580! The market is experiencing a "golden tsunami", and the expectation of interest rate cuts is the strongest driving force.

During the New York session last Friday (September 13th), spot gold strengthened by over $20 in a short period, reaching a peak at $2583.36 per ounce, continuing to set new historical highs. Analysts suggest that the probability of traders for a 50 basis-point rate cut by the Federal Reserve next week has been raised from 14% yesterday to 41%. Some media outlets believe that the decision between a 25 basis-point or 50 basis-point rate cut next week has become a 'flip of a coin' (close to 50-50) situation.

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

• 三大指数全线上涨，纳指、标普500上周连涨5天

上周五，在距离美联储正式启动降息周期前的倒数第三个交易日，美股延续温和上涨步伐。其中纳指、标普500指数上周均连续第五天收涨，且均创去年11月“V型反转”后的最大单周涨幅。截至收盘，标普500涨0.54%，纳斯达克指数涨0.65%，道琼斯指数涨0.72%。

明星科技股上周五收涨0.5%，博通、谷歌涨超1%，特斯拉、微软、甲骨文微涨，亚马逊、meta、苹果、英伟达微跌，Adobe大跌超8%。

• Is the AI boom "coming back"? s&p global: Nvidia stock prices can still rise for at least another year.

今年8月底以来，由于市场对$NVIDIA (NVDA.US)$所面临的需求和监管前景出现担忧，英伟达股价一度出现下挫。但上周，该股与甲骨文和超微计算机等其他科技巨头一起反弹。美东时间上周五，标普全球评级技术总监安德鲁•张（Andrew Chang）在接受采访时表示，英伟达的股价还有很大的上升空间，后续至少还会再飙升一年。

• Intel reportedly secured a Pentagon order! They received a $3.5 billion grant to produce chips for the U.S. military.

According to media reports from sources last Friday (September 13), the chip manufacturer$Intel (INTC.US)$company has reached a binding agreement with US officials, stating that the company is officially eligible for up to $3.5 billion in federal funding to produce semiconductors for the US Pentagon. The project, named "Safety Enclave," will produce advanced chips for the military and intelligence departments and is reported to involve multiple states in the USA, including Intel's manufacturing plant in Arizona.

At the close, Intel rose over 1%.

• Pfizer's "weight gain drug" has achieved positive trial results and is expected to fill the current situation of no available drugs for fatal illness.

$Pfizer (PFE.US)$The company announced last Saturday that its monoclonal antibody drug ponsogromab, under its flagship, has achieved positive results in a Phase II trial for cancer cachexia, showing improvement in patient weight, muscle mass, quality of life, and physical function. This research was also published simultaneously in the New England Journal of Medicine.

• Uber Technologies and Waymo expand their collaboration on self-driving taxis.

Last Friday local time, the American online car-hailing platform$Uber Technologies (UBER.US)$announced that starting from early 2025, it will launch a self-driving taxi service in Austin and Atlanta in collaboration with Waymo, a subsidiary of Alphabet. As a result, Uber's stock price surged by 6.45% last Friday.

• Google's antitrust investigation adds new evidence! Former Facebook advertising executive reveals a 'secret agreement'.

In the antitrust trial brought by the U.S. Department of Justice against$Alphabet-A (GOOGL.US)$, a former advertising executive from Facebook testified, stating that due to Google's monopoly on online advertising technology, even Facebook has been unable to successfully compete with Google. In addition, the executive also revealed a secret agreement between Meta, the parent company of Facebook, and Google reached in 2018.

• Possible 'Tesla Robotaxi Spy Photos' Emerged

Spy photos appearing on the social media Reddit forum showed a peculiarly shaped, heavily disguised small vehicle in Tesla's fleet preparing for an October release at Warner Bros. Studio in California. This was quickly identified by netizens as the upcoming Cybercab slated to debut next month. It is consistent with the concept drawing in Elon Musk's biography.$Tesla (TSLA.US)$The Robotaxi is a two-door, two-seat small car with larger rear wheels and equipped with the same elongated tail lights as the Cybertruck.

• The chairman of the company promised not to reduce his shareholding, and Trump's media and technology stocks soared.

Trump, who is currently participating in the US election,$Trump Media & Technology (DJT.US)$Chairman Trump stated on last Friday afternoon that he has no plans to sell the company's stocks. As a result, the DJT, which has fallen 60% in the past six months, surged nearly 30% near the close on Friday and ultimately closed up 11.79%.

• United Airlines and SpaceX have reached a satellite internet cooperation agreement.

$United Airlines (UAL.US)$Last week, an agreement was signed with SpaceX, and SpaceX's Starlink will provide satellite internet services to United Airlines' planes. United Airlines expects that in the next few years, all of its planes, exceeding 1000, will be equipped with Starlink service. Testing is set to begin in early 2025, with the first commercial flights expected later that year.

• MicroStrategy, a holding company, continues to purchase 0.018 million bitcoins and has gained more than 8%.

Compared to stocks, these US-listed companies are more like bitcoin funds.$MicroStrategy (MSTR.US)$Last Friday, the company announced that it had spent nearly $1.11 billion to purchase approximately 0.0183 million bitcoins between August 6 and September 12, with an average transaction price of $60,408. As of September 12, MicroStrategy and its subsidiaries held approximately 0.2448 million bitcoins. Driven by the rebound in bitcoin prices last Friday, MicroStrategy rose 8.18%.

• Is OpenAI's latest valuation reaching $150 billion? The premise is to lift the cap on investor profits.

According to media reports, the latest valuation of OpenAI, an American artificial intelligence (AI) research company, has reached a staggering $150 billion. However, there is an important premise, which is that OpenAI needs to change its complex corporate structure and remove the profit cap set for investors.

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.

• Beishui increased holdings of Alibaba by over 1.3 billion Hong Kong dollars, bought over 0.2 billion Hong Kong dollars worth of China Mobile, and sold nearly 0.8 billion Hong Kong dollars of Tracker Fund of Hong Kong.

On September 13, southbound funds net purchased Hong Kong stocks of 0.239 billion Hong Kong dollars.

$BABA-W (09988.HK)$,$CHINA MOBILE (00941.HK)$,$ICBC (01398.HK)$They received net buy orders of 1.317 billion Hong Kong dollars, 0.209 billion Hong Kong dollars, and 0.136 billion Hong Kong dollars respectively.

$TRACKER FUND OF HONG KONG (02800.HK)$,$MEITUAN-W (03690.HK)$,$CSOP Hang Seng TECH Index ETF (03033.HK)$Each suffered net sales of 0.777 billion Hong Kong dollars, 0.665 billion Hong Kong dollars, 0.288 billion Hong Kong dollars.

• In the past 4 months, Jack Ma increased his holdings of Alibaba stock by approximately 1.45 million shares.

$BABA-W (09988.HK)$ According to data from the Hong Kong Stock Exchange, as of August 28th, Jack Ma, co-founder and chairman of Alibaba, holds 0.27675 billion shares of the company, accounting for approximately 1.44% of the total shares. According to previous disclosures, as of May 20th, Jack Ma held 0.2753 billion shares of Alibaba stock, an increase of approximately 1.4507 million shares during the period.

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: Microsoft CEO hosting special event, Midea Group lottery results, Japanese stock market closed

On Monday, in terms of economic events, at 23:00 Beijing time on Monday, Microsoft CEO Nadella will host a special event to discuss the next phase of innovation for "Copilot".

In terms of new stocks, $MIDEA GROUP (00300.HK)$ will announce the lottery results.

Regarding the closing situation, the Japanese stock market is closed.

Futubull Morning News:

"Wealth" refers to the quality of your life, not how much money you make. To experience the taste of being wealthy, it is not necessary to have billions of dollars in assets. Instead, it is about finding a way of life that suits you.

-[US] Rockefeller

Editor/ping