Hot News

• Signals of Trump 2.0 going for deregulation? The Vice Chairman of the Federal Reserve in charge of financial regulation will resign early after Trump takes office.

On January 6th, Eastern Time, the Federal Reserve's official website announced that Barr will step down from the position of Vice Chairman of Supervision, effective February 28, 2025, or earlier upon confirmation of his successor. Media reports indicate that Barr's decision does not mean that Powell will also step down from his position as Federal Reserve Chairman earlier, but it casts a shadow over the prospects for new banking regulation policies aimed at increasing capital requirements in the USA.

• Trump denies reports of "tariff cuts".

Some media reported that Trump's aides are studying a tariff plan that would target all countries, but only cover key imported goods. In contrast, Trump previously threatened to impose tariffs of 10% to 20% on all imported goods. However, on Monday, Trump wrote on Social Media, "This report cites so-called anonymous sources that do not exist and incorrectly claims that my tariff policy will be reduced. This is incorrect and is another example of fake news."

• Federal Reserve Board member Cook: Hope to be more cautious regarding further interest rate cuts.

Federal Reserve Governor Cook stated on Monday that, given the robust economy and inflation proving to be more stubborn than previously expected, the Federal Reserve can act cautiously regarding further rate cuts. Cook noted that the USA's economy is in a "good state" at the beginning of this year, with low unemployment rates, increased real incomes for workers, and wage growth outpacing inflation, which helps maintain consumer confidence and economic growth.

• Citigroup's pessimistic forecast: December's non-farm employment growth slows, and the unemployment rate rises.

Citi economists are more pessimistic about the direction of the US labor market than most people, and they have made a rather negative prediction for the non-farm payroll report for December, which is due to be released on Friday. The Citi team believes that the number of new jobs will slow to 0.12 million, down from 0.227 million in November, and they expect the unemployment rate to rise from 4.2% in November to 4.4%. This is more pessimistic than other predictions collected so far by The Wall Street Journal, which generally expected the USA to add 0.155 million jobs, with the unemployment rate remaining stable at 4.2%. Citi believes the unemployment rate will continue to climb to 4.5% in the coming months, which will lead to market expectations that the Federal Reserve will make more rate cuts in 2025, exceeding the current expected levels.

Review of the U.S. stock market.

• The Nasdaq rose by 1.2%, driven by the CES technology conference, with chip stocks rising, and NVIDIA and Taiwan Semiconductor hitting new closing highs.

On Monday Eastern Time, the three major US stock indices closed mixed. Chip stocks became one of the biggest winners of the day, driven by a series of bullish forecasts released at the Consumer Electronics Show (CES). Notably, $NVIDIA (NVDA.US)$ CEO Jensen Huang will deliver a speech at 10:30 AM Beijing time on January 7.

At the close, the Nasdaq was up 1.24%, at 19,864.98 points; the S&P 500 Index rose 0.55%, at 5,975.38 points; the Dow Jones fell 0.06%, at 42,706.56 points.

Large technology stocks generally rose, with NVIDIA up 3.4%, Meta up 4.2%, Google A up 2.65%, Amazon up 1.53%, Microsoft up 1.06%, Apple up 0.67%, and Tesla up 0.15%.

Chip stocks rose sharply, with Micron Technology up 10.45%, ASML Holding up 7.58%, STMicroelectronics up 7.33%, and AMD rising over 3.3%.

The Nasdaq Golden Dragon China Index closed down 1.16%, with most China Concept Stocks falling. Tencent ADR dropped nearly 8%, MINISO fell over 12%, Kingsoft Cloud fell over 5%, Li Auto fell over 3%, NIO rose over 1%, and PDD Holdings rose over 2%.

• Bitcoin returned to $100,000, and all crypto concept stocks surged.

As of the time of writing, Bitcoin is up over 3% returning above $0.1 million, and all crypto concept stocks surged. $MicroStrategy (MSTR.US)$ An increase of over 11%, $Hut 8 (HUT.US)$ Increased by more than 10%. $Coinbase (COIN.US)$ Increased by more than 6%, $CleanSpark (CLSK.US)$ Nearly 6%, $MARA Holdings (MARA.US)$ Increased by more than 4%.

• FuboTV's stock price surged over 251%! Collaborating with Disney, it will merge live television streaming services.

On Monday, informed sources revealed that $Disney (DIS.US)$ Will announce a partnership with a Sports streaming platform $FuboTV (FUBO.US)$ to merge Hulu + Live TV with Fubo to form a new video company MVPD. This collaboration will further enhance Fubo's competitiveness in the fiercely competitive sports streaming market. In addition, FuboTV will drop its lawsuit against Venu Sports. Following the announcement, FuboTV's stock price soared, closing up 251.39%. As of this report, the company has risen over 14% in after-hours trading.

• The US stock market is witnessing the "NVIDIA magic" again, and the stock price of the perception Radar Concept stock Arbe Robotics has skyrocketed.

$Arbe Robotics (ARBE.US)$ In light of the recent spike in stock prices after the announcement of cooperation with the Automotive voice AI developer last Friday, it is reasonable to expect that AI-related announcements will continue to be a market highlight next week. $NVIDIA (NVDA.US)$ Expanding cooperation. The company is enhancing free space mapping and AI-based capabilities and will showcase its "revolutionary ultra-high-definition Radar" at this week's Consumer Electronics Show (CES). By the market close, Arbe Robotics had risen over 52%.

• Qualcomm has launched a new AI Chip, with PC prices starting as low as 600 dollars.

At the Consumer Electronics Show (CES) held in Las Vegas, $Qualcomm (QCOM.US)$ the new AI Chip Snapdragon X was announced, designed to provide powerful computing power for personal computers (PC), enabling them to run the latest AI software and allowing more users to enjoy AI-enabled PC experiences at a lower cost. Snapdragon X is manufactured using a 4-nanometer process and is equipped with Qualcomm's Oryon CPU, featuring 8 cores and a maximum clock speed of 3GHz, providing strong computing performance for the next generation of PCs. Additionally, PC manufacturers including Acer, ASUSTeK, Dell Technologies, and LENOVO GROUP will adopt this AI Chip, with PCs featuring Snapdragon X expected to be priced as low as $600, and the product is anticipated to be launched in early 2025.

• The first Intel 18A process chip has been unveiled, and the Panther Lake processor is confirmed to be released in the second half of the year.

In Intel's CES 2025 presentation on January 6, $Intel (INTC.US)$ Interim Co-CEO Michelle Johnston announced that the first Intel 18A process chip - the Intel Panther Lake processor will be launched in the second half of 2025. Johnston also showcased a sample of the Panther Lake chip and stated that it is already in testing, expressing her satisfaction with the 18A process. She announced that the Intel 18A process will be "released later this year." She added, "Intel will continue to enhance the AI PC product lineup in 2025 and beyond, providing customers with leading Intel 18A product samples and commencing mass production in the second half of 2025."

• Multiple new AMD Ryzen products made a splash at CES, with the strongest AI laptop chip revealed and the best gaming CPU speed far exceeding Intel Core.

At the annual Consumer Electronics Show (CES) in Las Vegas, $Advanced Micro Devices (AMD.US)$ AMD showcased multiple new Ryzen chips, including the rumored high-end accelerated processor (APU) codenamed Strix Halo from last year, as well as the new generation flagship Fire Range series. AMD claims that the highest-end Ryzen AI Max +395 chip's graphics performance is over 1.4 times that of Intel's top-end Lunar Lake Core i9 288V processor, and its 3D rendering performance is 2.6 times that of the latter. The rendering performance of the 16-core Ryzen AI Max flagship new product is 84% faster than that of the 12-core Apple MacBook M4 Pro.

Top 20 by trading volume

Hong Kong market outlook

• The Northbound funds increased their holdings in XIAOMI by 1.4 billion HKD, bought more than 0.6 billion HKD in CHINA MOBILE, and sold nearly 0.1 billion HKD in Alibaba.

On January 6 (Monday), the southbound funds had a net purchase of 5.124 billion HKD in Hong Kong stocks.

$XIAOMI-W (01810.HK)$、$CHINA MOBILE (00941.HK)$、$TENCENT (00700.HK)$Net purchases of 1.4 billion Hong Kong dollars, 0.635 billion Hong Kong dollars, and 0.264 billion Hong Kong dollars respectively.

$BABA-W (09988.HK)$、$Hang Seng H-Share Index ETF (02828.HK)$、$WEIMOB INC (02013.HK)$Net sales of 97.57 million Hong Kong dollars, 58.42 million Hong Kong dollars, and 25.49 million Hong Kong dollars respectively.

• Tencent and Contemporary Amperex Technology responded to being included on the USA Department of Defense list: it is a mistake, and they will work together to resolve the misunderstanding.

Regarding the USA Department of Defense listing, $TENCENT (00700.HK)$ as part of the Military Industry companies in China (according to the formal provisions of USA law as the "1260H list"), TENCENT stated in a declaration, "Being listed on this list is obviously a mistake; we are neither a military industry company nor a military supplier. Unlike export control or others, this list does not affect our Business. Nonetheless, we will still work with the relevant departments in the USA to resolve the misunderstanding."

According to other public reports, those who were also included in the 1260H list$Contemporary Amperex Technology (300750.SZ)$also responded, "This is a mistake; the company is not involved in any military-related activities."

Today's focus

Keywords: USA Consumer Electronics Show (CES) opening, China's Forex reserves, USA ISM Non-Manufacturing PMI, Bruker IPO Subscription ends

On Tuesday, in terms of economic data, China will announce its Forex reserves, while the USA will release the December ISM Non-Manufacturing PMI, November Trade Balance, and November JOLTs Job Openings.

In terms of financial events, the 2025 USA Consumer Electronics Show (CES) starts today, $NVIDIA (NVDA.US)$ CEO Jensen Huang will deliver a speech at 10:30 AM Beijing time on January 7; 2027 FOMC voter, Richmond Fed President Barkin will also speak.

Regarding new stocks, in the Hong Kong stock market, $BLOKS (00325.HK)$ 、 $NUMANS (02530.HK)$ the IPO Subscription has ended, $BRAINAURORA-B (06681.HK)$ Announce the result of the lottery.

Futubull Morning News:

The first step to regroup is to stop doing the things that have already been done wrong.

——Warren Buffett

Editor/Somer