Trump negotiated the sale of TikTok to Microsoft Corp for 45 days. Amazon.Com Inc plans to spend $10 billion on the space Internet to compete with Musk. In less than 24 hours, Apple Inc urgently removed 30, 000 apps in China. The United States will hold a general election on November 3.

Hot news

• Trump gives byte jump 45 days to negotiate the sale of TikTok to Microsoft Corp

Us President Donald Trump will give byte jump 45 days to negotiate the sale of Tiktok to Microsoft Corp. Earlier, Microsoft Corp said that CEO Nadella and US President Trump discussed TikTok, and the company will move quickly on TikTok talks, which will be completed no later than Sept. 15. The deal may also include Tiktok operations in Canada, New Zealand and Australia. At the same time, Microsoft Corp also informed Cfius of its intention to reach an agreement with the byte jump deal to ensure that the data of US users is retained in the United States.

• The U.S. House of Representatives approves a $1.3 trillion fiscal spending plan for 2021
  

The U.S. House of Representatives approved a spending plan worth $1.3 trillion by a vote of 217,197. White House Chief of staff Meadows said the White House has no strong opposition to debt reform. Pelosi, speaker of the US House of Representatives, said that cuts in benefits should not be allowed to happen.

• The United States will hold a general election on November 3.

White House Chief of staff Meadows said that the United States will hold a general election on November 3. A few hours after Trump posted a hint on social media that he would postpone the election, Trump said he did not want to postpone the election, but was still worried that mailing ballots would cause problems.

• Federal Reserve official: us Congress will invest a lot of money in COVID-19 epidemic relief

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said in an interview on CBS's Face the Nation programme that given the scale of Americans' savings, Congress could spend a lot of money on COVID-19 's rescue work because the US budget gap could be filled without relying on foreign borrowing.

• There are still differences between the two parties when the unemployment benefit plan expires, and the prospects for US economic recovery are darkened.

Congress and the White House are trying to reach agreement on a new fiscal stimulus package as members of Congress face increasingly sharp warnings about economic dangers and millions of Americans are denied vital security payments, endangering not only the United States but also the global economic recovery. White House Chief of staff Mark Meadows said on Sunday that despite some progress over the weekend after emergency unemployment benefits expired, there were still big differences between the two sides.

• The Fed released water without a bottom line, and junk bonds had their best month in nearly nine years.

In July, US junk bond investors had their best month in nearly nine years, when continued market support from the Federal Reserve (FED) boosted the confidence of yield-hungry investors in more unstable companies. Rising junk bond prices and falling yields have led to a 4.78 per cent return on the asset class, the best since October 2011, according to Ice Data Service.

• JPMorgan Chase & Co: short sellers in the global market have surrendered, covering short positions will push up stock prices again.
  

JPMorgan Chase & Co strategist Panigirtzoglou said, "with the advance of short covering, the previous advantage of non-US stocks seems to have weakened." JPMorgan Chase & Co believes that the advantages of non-US stocks over US stocks have been nearly exhausted in the past two months, and US stocks are more likely to restore their dominant trend in the future.

• The US economic recovery is wavering, as stocks on Wall Street surged last week and investors became cautious.

Most fund managers are cautious about slashing their exposure to the stock market. Us GDP growth suffered the biggest blow on record in the second quarter, with recent data showing a decline in consumer confidence and a rebound in initial jobless claims. Meanwhile, the s & p 500 is about 4% below its all-time high. This disconnect is prompting some investors to increase their cash positions or tilt their portfolios towards Europe.

• Byte Jump official statement: byte Jump is committed to becoming a global company

Byte Jump official statement: byte Jump is committed to becoming a global company, but faces a variety of complex and unimaginable difficulties, including Facebook Inc's plagiarism and smear, the company will actively make use of the rights granted by law to safeguard legitimate rights and interests.

• World Health Organization (WHO): COVID-19 epidemic still constitutes a "public health emergency of international concern"

World Health Organization (WHO) announced on August 1st that the COVID-19 epidemic still constitutes a "public health emergency of international concern". The global risk level is very high, and the emergency committee will be reconvened within three months. The Emergency Committee stressed the expected duration of the COVID-19 pandemic and encouraged the community and all people, especially young people, to continue to actively prevent and control the spread of COVID-19.

• Central Bank: the transition period of new regulations on asset management extended to the end of 2021

According to the existing work arrangements, the transition period of the new rules will end by the end of 2020, the central bank said. In view of the impact of the epidemic on the economy and finance since the beginning of this year, with the consent of the State Council, the people's Bank of China, together with the Development and Reform Commission, the Ministry of Finance, the Banking and Insurance Regulatory Commission, the Securities Regulatory Commission, and the safe, have carefully studied and decided that the transition period of the new regulations on asset management will be extended to the end of 2021.

Review of US stocks

• Us stocks closed higher on Friday, with the Nasdaq up 6.8 per cent in July

U. S. stocks closed higher in shock on Friday. All three major stock indexes posted gains in July, with the rise in technology stocks pushing the Nasdaq up 6.8 per cent a month. The U.S. House of Representatives approved a $1.3 trillion spending plan for 2021. The Dow rose 0.44% to 26428.32, the Nasdaq rose 1.49% to 10745.27, and the S & P 500 rose 0.77% to 3271.12.

• The next city in the game field! Bilibili Inc. became the exclusive live broadcast cooperation platform for League of Legends events.

$Bilibili Inc. (BILI.US) $Last year, he won the exclusive right to broadcast League of Legends's finals for the next three years, and now the new cooperation means that Bilibili Inc. will exclusively provide a series of live and on-demand events, including the global finals, mid-season championships and all-star games.

• Tesla, Inc. 's new Model Y long-lasting rear wheel drive version costs $48000.

According to Electrek,$Tesla, Inc. (TSLA.US) $The new version of Model Y, which is added to the loan calculation on the official website, sells for $48000. Earlier this month, Musk announced that Tesla, Inc. would cancel the standard battery life version of Model Y and instead add a long-lasting version of rear wheel drive to his product line.

• Bezos Musk on the front! Amazon.Com Inc plans to spend 10 billion US dollars on the space Internet.

Recently, the Federal Communications Commission of the United States unanimously approved by a vote of 5 to 0.$Amazon.Com Inc (AMZN.US) $The Kuiper project. The project plans to invest $10 billion to send more than 3000 broadband satellites into low orbit to compete head-on with Musk's Starlink. Amazon.Com Inc said he would spend $10 billion to build a satellite Internet network to launch 3236 satellites into low-altitude orbit, aimed at providing high-speed Internet services to people around the world who lack Internet services.

• In less than 24 hours, Apple Inc urgently removed 30, 000 apps in China!

According to monitoring data from Qimai data, 31301 App Store apps have been removed from China in less than a day, of which 26937 are game apps, accounting for more than 86%.$Apple Inc (AAPL.US) $According to the regulations, games that do not submit an approved version number will be removed from Chinese mainland's app store after July 31. The move by Apple Inc's store is designed to meet the requirements of Chinese regulators.

• NVIDIA Corp may be in advanced negotiations with Softbank Corp. on the acquisition of ARM

$NVIDIA Corp (NVDA.US) $There is an interest in buying ARM, a chip designer owned by SoftBank, and people familiar with the matter say the two sides are in advanced talks on the deal, worth more than $32 billion. NVIDIA Corp and Softbank Corp. are said to be planning to close the ARM deal within weeks. Sources said that if the negotiations with NVIDIA Corp fail, Softbank Corp. may contact other buyers.

The Prospect of Hong Kong City

• A net inflow of 3.816 billion southward funds on Friday

• Tencent vice president of games: China's e-sports users will reach 495 million.

From January to June 2020, the actual sales revenue of China's e-sports game market was 71.936 billion yuan, an increase of 54.69 percent over the same period last year, according to official data.$Tencent (00700.HK) $Zhang Wei, vice president of Tencent Games, said that global e-sports users are expected to reach 495 million in 2020, and China will surpass North America to become the most commercially valuable e-sports market.

• Semiconductor Manufacturing International Corporation plans to form a joint venture with the Management Committee of Beijing Development Zone to develop and operate 12-inch wafer production facilities in Beijing.

$Semiconductor Manufacturing International Corporation (00981.HK) $It is announced that the company and the Beijing Development Zone Management Committee (including) intend to establish a joint venture in China for the development and operation of the project. The joint venture will focus on the production of integrated circuits of 28 nm and above, with the goal of eventually achieving a production capacity of about 100000 12-inch wafers per month in the first phase of the project. The second phase of the project will be carried out in due course based on customer and market needs.

• China Feihe Limited: Liu Shenghui resigned as Executive Director and Vice President of Finance for personal health reasons

$China Feihe Limited (06186.HK) $It is announced that Mr. Liu Shenghui has submitted his resignation letter to the board of directors for personal health reasons, and he will resign as executive director and vice president of finance of the company. Mr. Liu's resignation letter will take effect when it is served on the board of directors on 31 July 2020. After resigning from the above post, Mr. Liu will no longer hold any position in the company.

• Haier Electric Appliance was privatized by Haier Smart Home at a premium of about 17.35% and resumed trading on August 3.

$Haier Electric Appliance (01169.HK) $And Haier Smart Home jointly announced that Haier Smart Home formally requested Haier Electric Appliance's board of directors to put forward a plan to privatize Haier Electric Appliance to the planned shareholders in accordance with Article 99 of the Company Law in accordance with Article 99 of the Company Law. Haier Electric Appliance will apply to the Stock Exchange to resume trading in Haier Electric shares from 09:00 on August 3, 2020.

• Broad Pharmaceutical plans to place 172 million shares, raising a net HK $1.014 billion

$Broad Pharmaceutical (00512.HK) $Announced the placing of up to 172 million new shares at the placing price of HK $5.90 per placing share. The number of placing shares is equivalent to approximately 5.09% of the issued share capital of the Company. Upon completion of the placing on schedule, the total proceeds from the placing are expected to be approximately HK $1.015 billion and the net proceeds approximately HK $1.014 billion. The placing price of each placing share is HK $5.90, which is about 19.62% off the closing price of HK $7.34 per share on July 31.

Focus today

Niuniu morning reading:

When you make an investment in the way you run a business, the investment can become real. And when you just study the market and think that stocks can be separated from the business itself, you can never study the nature of investment. -- Li Lu