Tesla, Inc. will independently develop new batteries; Q4 net profit surged 658% from the same period last year, while the pre-school performance rose 14%; the performance was much lower than expected, with HSBC Holdings PLC's US stocks falling 5% before trading; and Wanda Sports rose 20% before trading.

Global macro

• Us stock index futures fell

Before Tuesday, US stock index futures fell, with Dow futures falling more than 160 points, mainly due to Apple Inc's warning that second-quarter results could not meet expectations and investors began to reassess the impact of public health events.

• Ministry of Foreign Affairs: urge the United States to treat normal business cooperation between China and the United States objectively and fairly

The US government is reportedly considering a proposal to prevent General Electric Co from continuing to supply engines for Comac's C919, fearing that the Chinese might reverse engineer the engines, harming US business interests.

Chinese Foreign Ministry spokesman Geng Shuang said the content of the report still needs to be verified. But if it is true, it shows that this is another example of the US side sabotaging Sino-US commercial cooperation by political means and carrying out unreasonable crackdown on China. For some time, the relevant practices adopted by the US side not only damage the legitimate rights and interests of Chinese enterprises, but also do not accord with the interests of US enterprises in the long run, and will seriously interfere with the normal scientific and technological exchanges and economic and trade cooperation between the two countries and even the whole world. The Chinese side urges the US side to treat Chinese enterprises and normal business cooperation between China and the United States objectively and fairly, to promote more actively and less unreasonable to disturb the situation.

• WTO: the decline in global merchandise trade may be deepened by global public health problems

WTO believes that year-on-year growth in global trade is likely to slow again in the first quarter of 2020, although official statistics confirming this figure need to be released in June this year. WTO said every component of the barometer of trade in goods would be affected by the global public health problem. Global trade in goods is still not optimistic.

• The first pathological report: COVID-19 's pathological features are very similar to SARS and MERS.

COVID-19 's pathology report based on autopsy samples was published online in the Lancet Respiratory Medicine on Feb. 17. The research team of this paper is from the Fifth Medical Center of PLA General Hospital. One of the correspondent authors is Academician of the Chinese Academy of Sciences and Professor Wang Fusheng, Director of the Infectious Diseases diagnosis and Research Center of the Fifth Medical Center of PLA General Hospital. The first pathological report of COVID-19 emphasized that the pathological features of COVID-19 (COVID-19) are very similar to those of people infected with infectious atypical pneumonia (SARS) and Middle East respiratory syndrome (MERS). "

• Zhong Nanshan responded to "whether chloroquine phosphate is a specific drug for COVID-19": it can't be called a specific drug.

According to Chinanews.com, Zhong Nanshan responded to "whether chloroquine phosphate is a specific drug for COVID-19": it is not enough to be called a specific drug, the drug is very worth exploring, without much side effects, and it was found that a considerable number of patients turned negative within four or five days.

• European stock markets opened lower.

European stock markets fell at the start of trading on Tuesday. As of press time, Germany's DAX30 is down 0.78%, France's CAC 40 is down 0.48%, the UK's FTSE 100 is down 0.89%, and Europe's Stoxx 50 is down 0.54%.

Hot news

• Jingxi Live launched the "780" two-round support policy, launched the "live broadcast shop" mode.

February eighteenth$JD.com (JD.US) $Jingxi Live launched a "7-8" two-round support policy, that is, 7 industrial belt merchant support policies, 8 live broadcast organization support policies, and online "live shop" mode. Among them, for industrial belt merchants, Jingxi LVB launched seven major policies of "zero threshold, no audit, 0 fee, 10 million-level traffic support, free training, localization service, live shop model" to help merchants broadcast and promote quickly.

• Q4 net profit increased by 658% compared with the same period last year, and the business of K12 increased strongly, and Q4 net profit increased by 658%.

From whom to learn (GSX.US) $Q4's revenue was 935 million yuan, an increase of 412.9% over the same period last year, mainly due to the increase in the number of people paying for Kmur12 full-price classes and the increase in tuition fees charged to Kmur12 students. Cash income was 1.5786 billion yuan, an increase of 396.3% compared with the same period last year. The net profit of NmurGAAP was 197.8 million yuan, an increase of 616.7%The net profit under GAAP was 174 million yuan, an increase of 658.7% over the same period last year.

• Tesla, Inc.: the new battery will be developed independently and is expected to be officially announced in April.

$Tesla, Inc. (TSLA.US) $Relevant sources said that Tesla, Inc. will independently develop the new battery and is expected to announce specific information such as battery composition at the battery investor meeting in April.

In additionTesla, Inc. is engaged in in-depth negotiations with the Ningde era to use cobalt-free batteries in electric cars in the Shanghai factory. According to the news, a person related to Tesla, Inc. said that the cooperation agreement with Ningde era is true.The lithium iron phosphate battery produced in the Ningde era does not contain cobalt itself, but whether the cooperation will eventually be landed has not been commented.

• Short-sellers turn more: Tesla, Inc. 's share price will reach $1200 in the most optimistic scenario

$Tesla, Inc. (TSLA.US) $Big short Morgan Stanley analyst Adam Jonas said in the report that in the most optimistic scenario, Tesla, Inc. 's share price would rise to $1200, compared with the original target price of $650.There is still a 50% increase over the latest closing price of $800.The reason why Morgan Stanley is bullish is that Truss has the potential to become a major battery supplier for electric cars.

In addition, as of February 14, Tesla, Inc. 's outstanding short position was 21.87 million shares, accounting for 15.38 per cent of outstanding shares, according to financial analyst S3 Partner. Tesla, Inc. 's open short position has fallen by 3.31 million shares, or 13 per cent, over the past 30 days, while its share price has risen 49 per cent. Over the past week, open short positions have fallen by 461000 shares, or 2.1 per cent.

• The latest development of Redsivir: clinical trial results are expected in April, commercialization is not currently under consideration

February seventeenth$Gilead Sciences Inc (GILD.US) $Explain the clinical trials: two experiments are being carried out in a number of hospitals in Hubei, and the results are expected to be obtained in April.

• Amazon.Com Inc wants to launch a Polish website this year, and BABA Express will face a challenge.

According to the market news$Amazon.Com Inc (AMZN.US) $The Polish website is expected to be launched later this year. The company is currently in "very deep" talks with Poczta Polska, the Polish post office. The Polish e-commerce market is currently worth more than 50 billion Polish kroner. With Amazon.Com Inc's entry, it will certainly lead to a major reshuffle in Poland's e-commerce market, which means that its biggest competitor, BABA Global Express, will face severe challenges.

• NVIDIA Corp's cash reserves have exceeded 10 billion US dollars, increasing by nearly 3.5 billion US dollars in fiscal year 2020.

According to foreign media reports$NVIDIA Corp (NVDA.US) $Revenue and net profit declined significantly in fiscal 2020 compared with the same period last year, but their cash reserves increased significantly, increasing by nearly $3.5 billion in the fiscal year. NVIDIA Corp disclosed the status of their cash reserves in the financial report. In the 2020 fiscal year ended January 26, their cash reserves were $10.897 billion, made up of cash, cash equivalents and marketable securities.

• Deutsche Bank CEO: will continue to increase investment in manpower and technology in China and the Asia-Pacific region

Deutsche Bank (DB.US) $In a letter to employees, CEO Werner Steinmueller said that although COVID-19 's epidemic had had an impact on the Chinese market, he was still confident about the Deutsche Bank team and the future of the Chinese market. Deutsche Bank will continue to increase its investment in manpower and technology in China and the Asia-Pacific region, and further strengthen its business platform, focusing on and strengthening its superior business.

• Walmart Inc earned 141.7 billion US dollars in the fourth quarter, which was lower than the market estimate.

$Walmart Inc (WMT.US) $Fourth-quarter revenue of $141.7 billion, market estimates of $142.55 billion; full-year earnings per share of $5.00-$5.15, market estimates of $5.22.

• HSBC Holdings PLC's US stock fell more than 5% before trading, and its performance was much lower than expected.

$HSBC Holdings PLC (HSBC.US) $The latest financial results show that HSBC Holdings PLC's net profit attributable to shareholders was only $5.97 billion in fiscal 2019, down 53 per cent from $12.61 billion in 2018, dragged down by a huge amount of goodwill impairment. At the same time, the company plans to implement a series of cost-cutting and restructuring measures, including the possibility of cutting 35000 jobs. HSBC Holdings PLC closed down 2.78 per cent on the Hong Kong stock market today.

• Wanda Sports rose nearly 20% before the market.

$Wanda Sports (WSG.US) $Us stocks rose nearly 20 per cent after news that Wanda Sports was considering selling Triathlon's business for a target price of $1 billion.

Financial and economic notice

Incident aspect