Overseas COVID-19 confirmed a total of 13811 cases; US three major stock index futures rose more than 2% before trading; Tesla, Inc. official online Model 3 track kit; General Electric Co: the epidemic will have a negative impact on free cash flow of US $300-500 million.

Global macro

• Us stock index futures rose more than 2%

Before Wednesday's trading, the market showed a strong rebound, with futures of the three major US stock indexes collectively up more than 2 per cent.

• Preliminary results of Super Tuesday primaries show that Biden won eight states

Former U.S. vice President Joe Biden, who won primaries in several states on Tuesday, may be locked in a long battle with Senator Sanders for the Democratic presidential nomination, while undermining the strategy of former New York City Mayor Michael Bloomberg.

In addition, due to the poor performance of Super Tuesday, Michael Bloomberg withdrew from the 2020 presidential election and supported Biden instead. Former New York Mayor Michael Bloomberg, who took part in the war for the first time, spent nearly $500 million out of his own pocket, but only won in American Samoa.

• Foreign media: Trump donates US $100000 to fight the epidemic

U.S. president Donald Trump donated $100000 in salary in the fourth quarter of 2019 to the U.S. Department of Health and Human Services to fight the COVID-19 epidemic. White House spokeswoman Stephanie Grisham announced the news on Twitter with a cheque signed by President Trump. She said Trump supports curbing and fighting the COVID-19 epidemic.

• A total of 13811 cases were diagnosed by overseas COVID-19.

According to Futu News on March 3, as of 20:50 today, there are 13811 confirmed cases overseas, with a total of 12532 confirmed cases, a total of 235 deaths and 1044 cured cases. In addition, as of 7: 00 a.m. eastern time on the 4th, there were 126 confirmed cases of COVID-19 in 13 states.

• Dario, founder of the Bridge Water Fund: don't expect interest rate cuts to bring more excitement.

Dario said, "in all countries, do not expect interest rate cuts to bring more stimulus, because most of the interest rate cuts have already been reflected through the decline in bond and paper yields, and stocks and many assets have been priced for this. He pointed out that measures to deal with the virus may lead to a sharp decline in the economy in the short term, and then rebound, which may not have a huge and lasting impact on the economy.

• The Bank of Canada cuts its benchmark interest rate by 50 basis points

The Bank of Canada cut its benchmark interest rate by 50 basis points to 1.25 per cent for the first time since July 2015. Take the big central bank: if necessary, will be ready to further adjust monetary policy.

• European stock markets rose collectively.

As of press time, Germany's DAX index rose 1.21%, France's CAC 40 index rose 1.25%, London's FTSE 100 index rose 1.52%, and the pan-European Stoxx 50 index rose 1.27%.

Hot news

• The new version of iPad Pro JD.com test link is suspected to be exposed.

According to reports,$JD.com (JD.US) $Apple Inc's self-run store launched a large number of test links today, which was interpreted as an early test for the upcoming spring product launch. Based on the information in the test link, it can be inferred that the new product is suspected to be a tablet and a new iPhone SE phone, which is consistent with earlier rumors.

• General Electric Co: the epidemic will have a negative impact on free cash flow of US $300-500 million.

$General Electric Co (GE.US) $Novel coronavirus will have a negative impact on the company's industrial free cash flow of about $300-500 million in the first quarter, and novel coronavirus is expected to have an impact of up to $300 million on operating profit in the first quarter. In addition, the company nominated Ashton Carter to the board of directors.

• Amazon.Com Inc was diagnosed by an employee in Seattle.

According to CNBC,$Amazon.Com Inc (AMZN.US) $It has been confirmed that an employee working in Amazon.Com Inc Brazil's office in Seattle, Washington, tested positive for the new coronavirus. Amazon.Com Inc: the employee felt unwell when he got home on Tuesday, February 25th and has not entered Amazon.Com Inc's office since then.

• Alphabet Inc-CL C announced the cancellation.2020Annual general meeting of shareholders

$Alphabet Inc-CL C (GOOG.US) $On Tuesday, it announced the cancellation of its annual shareholders' meeting in Mountain View in 2020 and did not announce any replacement plans. This is the first time that Alphabet Inc-CL C has cancelled the annual shareholders' meeting. Alphabet Inc-CL C said: according to the health guidance of CDC, WHO and other health authorities, we decided to cancel the shareholders' meeting.

• Zuckerberg: FB provides free novel coronavirus ads for World Health Organization (WHO)

According to foreign media reports$Facebook Inc (FB.US) $CEO Mark Zuckerberg said on Wednesday that Facebook Inc would publish free ads to deal with the coronavirus for the World Health Organization (WHO) and delete false statements about the virus.

• Tesla, Inc. official online frame Model 3 track kit

The other day$Tesla, Inc. (TSLA.US) $A $5500 track kit has been set up on the US official website, which can be modified to give vehicles better grip, braking performance and high-speed stability. Tesla, Inc. said that the kit will start shipping in April this year, and consumers can upgrade to the local after-sales department.

• AMD may release a new flagship graphics card on Friday

$Advanced Micro Devices Inc (AMD.US) $At a meeting of financial analysts scheduled for the morning of March 6, Beijing time, it is rumored that AMD will release a flagship graphics card codenamed "Big Navi" with a single-precision floating-point performance of 18TFLOPS, 30 per cent higher than the competitive NVIDIA Corp flagship graphics card RTX 2080 Ti.

• UBER TECHNOLOGIES INC to2.06Sell India for 100 million US dollarsUber EatsTakeout business

$UBER TECHNOLOGIES INC (UBER.US) $It was disclosed that the company sold its Indian takeout business, Uber Eats, to local rival Zomato for $206 million in exchange for a 9.99 per cent stake in Zomato. UBER TECHNOLOGIES INC's Indian business and Zomato9.99% shares are reported to be worth about $180 million.

• Nordstrom Q4 performance fell short of expectations

$Nordstrom (JWN.US) $Q4 earned $193 million, below analysts' expectations of $1.48. Sales increased from $4.38 billion to $4.44 billion, with an expected $4.6 billion. In addition, the company appointed Eric Nordstrom as its sole chief executive officer, abandoning the joint CEO structure. The stock tumbled 9.39% before trading.

• Wisdom and down-regulation of free cash flow guidelines

$Huihe (HPE.US) $Q1 reported that revenue for the quarter fell 8 per cent to $6.9 billion due to a decline in performance in the computing and storage divisions, below analysts' estimates of $7.21 billion. In addition, Huihe expects free cash flow of between $1.6 billion and $1.8 billion in 2020, down from the previous forecast of $1.9 billion to $2.1 billion.

Financial and economic notice