Before trading, Gao Tong rose 12% against the market; Germany's Q2 GDP, the "locomotive" of the euro zone economy, fell to a record high; Huawei surpassed Samsung in mobile phone sales in the second quarter and ranked first in the world; Li Auto Inc. landed on Nasdaq tonight; and the after-market results of Facebook Inc, Amazon.Com Inc, Alphabet Inc-CL C and Apple Inc hit.

Global macro

• Futures of the three major US stock indexes fell across the board.

The s & p 500 and Nasdaq fell more than 1% before trading on Thursday, and the decline narrowed slightly as of press time.

• The actual annualized quarterly rate of GDP in the United States in the second quarter is-32.9%.

The real annualized quarterly rate of GDP in the United States recorded an initial annual rate of-32.9% in the second quarter, the biggest drop in history. Real personal consumption expenditure in the United States recorded an initial quarterly rate of-34.6% in the second quarter, the biggest drop in history.

Agency comments on the initial value of the actual annualized quarterly rate of GDP in the United States in the second quarter:

The US economy suffered its worst recession since at least the 1940s in the second quarter, highlighting the impact of the COVID-19 epidemic on businesses across the country, causing millions of Americans to lose their jobs.

The data show the extent of the economic damage caused by the U. S. government's economic and home shutdowns. The orders are designed to slow the spread of novel coronavirus, which abruptly halted a long period of US economic expansion. Although employment, spending and production have improved since the restart in May and the implementation of massive federal stimulus measures, the recent surge in COVID-19 cases has curbed the pace of US economic recovery.

• The number of initial claims for unemployment benefits in the United States in the week to July 25 increased for the second consecutive week, reaching a four-week high.

The number of first-time jobless claims in the United States in the week of July 25 was 1.434 million, compared with an expected 1.445 million, compared with a previous value of 1.416 million. The number of renewed claims for unemployment benefits is 17.018 million and is expected to be 16.2 million, with a previous value of 16.197 million. In the United States, the number of renewed claims for unemployment benefits rose for the first time after falling for seven consecutive weeks on July 18.

• Trump calls for postponement of US General Election in 2020

Us President Donald Trump posted on a social platform on Wednesday that "the 2020 election will be the most inaccurate and deceptive election in history," the overseas website reported. This will be very embarrassing for the United States. Postpone the election until people can vote correctly and safely? "

• Trump: the United States leads the world in oil and gas production, and the United States is self-sufficient in energy.

According to the Capitol Hill News on July 29, local time, Trump visited an oil well in Midland, Texas, and delivered a speech. He claimed that he had established the "dominant position" of the United States in the field of oil and natural gas, and that in order to "maintain its advantage", the US government would extend the export license for liquefied natural gas until 2050. four permits for pipelines and railways for fossil fuels will also be signed.

Public Broadcasting Corporation (PBS) quoted the US Energy Information Administration as saying that the oil and gas industry was badly hit by the oversupply of the market due to the impact of the epidemic and Trump's encouragement of intensive oil and gas production. The oil and gas industry in the United States is still in difficult times.

• Germany's second quarter GDP recorded the biggest drop since 1970.

Germany, regarded as the "locomotive" of the eurozone economy, recorded its worst deterioration in the second quarter since 1970, according to statistics released on Thursday. However, taking into account the blockade measures and the impact of the outbreak, this has been expected by the market. Germany's GDP fell a seasonally adjusted 10.1 per cent month-on-quarter as exports, consumer spending and investment fell.

• European stock markets fell collectively.

Hot news

• The performance of Gao Tong Q3 exceeded 12% above expectations and reached a settlement with Huawei.

$Qualcomm Inc (QCOM.US) $It was up more than 12% before trading. The company reported after-hours results on Wednesday that third-quarter revenue was $4.893 billion, down 49.2% from a year earlier; net profit was $845 million, down 61% from a year earlier, but significantly better than market expectations of $486 million; adjusted earnings per share were 86 cents. The market expects 70 cents. In addition, the company announced that it had resolved the dispute with Huawei, and Qualcomm Inc signed a new long-term patent license agreement with Huawei. Qualcomm Inc expects revenue and profits to rise sharply in the fourth quarter as a result of the settlement with Huawei.

• Tesla, Inc. second quarter vehicle Safety report: Autopilot can reduce accident rate

$Tesla, Inc. (TSLA.US) $The vehicle safety report for the second quarter of 2020 shows that there is an average of one accident per 4.53 million miles during driving with Autopilot autopilot, and one accident per 2.27 million miles without Autopilot autopilot but with active safety features. In the process of driving without Autopilot autopilot and active safety features, there is an average of one accident for every 1.56 million miles.

• TikTok CEO: the United States needs competition from Chinese social media applications

According to Reuters, TikTok CEO Kevin Mayer said in a blog post on Wednesday that without TikTok, U.S. advertisers would not have much choice, while social media competition would weaken, and TikTok could create 10, 000 new jobs in the United States. Mayer also accused$Facebook Inc (FB.US) $Said the latter used patriotism as a cover to try to drive TikTok out of the market in an unfair way.

• Is the advertiser boycott ineffective? Facebook Q2 performance is still bullish.

$Facebook Inc (FB.US) $Its second-quarter 2020 results will be released after U. S. stocks closed on Thursday, July 30. The market is generally concerned about whether the previous advertising boycott will have an impact on Facebook Inc's revenue, as its advertising revenue accounts for the vast majority of total revenue. However, most analysts are still optimistic about Facebook Inc's development, believing that the recovery of the advertising industry and the increase in e-commerce activity in the second half of the year will have a positive effect on the company. According to Reuters estimates, Facebook Inc's second-quarter revenue was $17.4 billion, up 3.1 per cent from a year earlier, while net profit was $3.98 billion, up 52 per cent from a year earlier.

• Netflix and MediaPro have reached an agreement to co-broadcast Ligue 1 and Ligue 2 matches next season.

According to the team newspaper, American streaming companies$Netflix Inc (NFLX.US) $An agreement has been reached with Spanish media company MediaPro to broadcast Ligue 1 from next season. The service will be officially launched on Aug. 17 with a subscription fee of 30 euros per month, which includes Netflix film and television members. In terms of matches, the service will include 8 Ligue 1 and 8 Ligue 2 per week. In addition, users will also enjoy the UEFA Champions League and Europa League games.

• Canalys: Huawei surpassed Samsung in mobile phone sales in the second quarter and ranked first in the world.

Huawei overtook Samsung Electronics to become the world's largest mobile phone seller in the second quarter of this year, according to data released by market research firm Canalys on Thursday. Huawei sold 55.8 million phones in the second quarter, surpassing Samsung's 53.7 million, according to the data. Although Huawei's sales fell 5% from the same period last year, Samsung fell even more, by 30%, mainly because of the impact of the epidemic on major markets such as Brazil, the United States and Europe.

• TAL Education Group Q1 changed from loss to profit in fiscal year 2021

$TAL Education Group (TAL.US) $At one point, it was down more than 4% before trading. The company released its unaudited financial report for the first quarter of fiscal year 2021 before trading. According to the data, TAL Education Group's revenue in the first quarter was $910.7 million, up 35.2% from a year earlier; the net profit attributed to TAL Education Group was $81.7 million, compared with a net loss of $16.2 million attributed to TAL Education Group in the same period last year. Operating profit fell to 35.5 million US dollars from 48.5 million US dollars in the same period last year, down 26.8 per cent from the same period last year.

• Li Auto Inc. IPO is priced at $11.50 per share and will log on to NASDAQ tonight.

$Li Auto Inc. (LI.US) $The US IPO is priced at $11.50 a share, above the guidance range of $8-10 per share, making it China's largest US IPO since iQIYI, Inc. 's $2.4 billion IPO on Nasdaq in March 2018. (Thursday) it went public on Nasdaq tonight, a day ahead of schedule.

• Taiwan Semiconductor Manufacturing Co Ltd 3nm process plans risk trial production next year, and is expected to advance mass production.

According to foreign media reports, after the mass production of the 5nm chip process in the second quarter,$Taiwan Semiconductor Manufacturing Co Ltd (TSM.US) $The next process focus will be on the more advanced 3nm process, which is expected to be mass produced ahead of their expectations. In the second quarter earnings analyst conference call, Taiwan Semiconductor Manufacturing Co Ltd CEO Wei Zhijia once again talked about the 3nm process and reiterated that it is progressing smoothly and plans for risk trial production in 2021 and mass production in the second half of 2022.

• Pre-market gains narrowed, "demon stocks" Kodak to take a break?

Kodak, which has been hugely popular in recent days, rose nearly 600% in intraday trading on Wednesday, but narrowed its close to 318%. It rose more than 30% before Thursday, but narrowed to 18% as of press time. However, according to Benzinga today, some market participants believe that Kodak's story is still very popular; it is suggested that "do not short hot stories right now."

• The European Union will launch a full antitrust investigation into Alphabet Inc-CL C's acquisition of Fitbit next week.

Foreign media sources say that next week, the European Union will target$Alphabet Inc-CL C (GOOG.US) $Launch a full antitrust investigation into the $2.1 billion acquisition of Fitbit. This month, Alphabet Inc-CL C promised not to use Fitbit health data targeting ads to prevent the EU from opening an investigation into the acquisition. According to the report, facts show that Alphabet Inc-CL C's promise is not convincing. The European Commission will launch an investigation after the preliminary review on August 4, and is expected to use the four-month investigation to take an in-depth look at the application of the data in the medical sector, according to a person familiar with the matter.

Financial and economic notice

Key words: Li Auto Inc. IPO, Facebook/ Amazon.Com Inc / Alphabet Inc-CL C / Apple Inc released financial report

The prospect of financial report