Trump pushed the executive order to rescue the epidemic, and Pelosi angrily denounced it as "unconstitutional"; Kodak plummeted 40% before trading, and the $765 million loan deal was suspended; monthly sales of ideal ONE increased by 33% month-on-month; and Microsoft Corp responded to rumors of "severing supply to China."

Global macro

• The futures of the three major stock indexes rose slightly before trading.
  

U. S. stock index futures rose slightly before trading on Monday, led by Dow futures. The market is still assessing the prospects for a new stimulus package, while the dollar continues to rebound.

• Trump pushed the executive order to rescue the epidemic, and Pelosi angrily criticized it as "unconstitutional."

House Speaker Nancy Pelosi said Tuesday that a series of executive orders signed by President Trump to rescue COVID-19 from the epidemic are only "fantasy" rather than a lasting solution, the Chinese website reported. "what the president is doing is unconstitutional," Pelosi said in an interview with the media. "

Prior to this, US President Donald Trump signed four administrative documents on the 8th to extend some of the expired financial relief measures due to the ineffectiveness of legislation on a new round of epidemic relief plan. However, the move is considered to break through the executive authority of the White House and is a challenge to the legislative and supervisory powers of Congress.

• The number of children infected with novel coronavirus in the United States surged by 40% in half a month.

The number of children infected with novel coronavirus in the United States increased by 40 percent in the second half of July, bringing the number of children to 8.8 percent of the total number of confirmed cases in the United States, according to a new report from the American Academy of Pediatrics and the Children's Hospital Association.

The report, which compiles data from 49 states, comes at a time of heated debate over whether schools should reopen in the autumn. The surge in child infections further confirms the absurdity of US President Donald Trump's claim that children are "almost immune".

• Bill Gates: American virus testing is worthless and shockingly slow

Bill Gates said on Sunday that it was "shocking" that the US government's novel coronavirus test was slow and lacked fair access and that there had been no improvement so far. In an interview last week, US President Donald Trump defended US virus testing records, calling them "the best ever and the best in the world".

• The report shows that Douyin topped the list of non-game mobile app downloads in the world in July.

Today, Sensor Tower, an application data analysis agency, released the number of popular mobile app downloads around the world in July, TOP10. Douyin and its overseas version TikTok topped the list of non-game mobile app downloads in the world, with 65.2 million downloads, an increase of 21.4% over the same period in 2019. Among them, the US is the market with the largest number of TikTok downloads, accounting for 9.7 per cent, followed by Indonesia, accounting for 8.5 per cent.

• The Ministry of Foreign Affairs once again responded to the crackdown on Tik Tok: urging the United States to correct its hysterical mistakes

Zhao Lijian said: the Chinese side firmly opposes the United States violating market principles and WTO rules, generalizing the concept of national security, abusing state power, and unreasonably suppressing non-US enterprises such as Tik Tok. We urge the US side to correct its hysterical and erroneous practices, abide by market principles and WTO rules, and stop its unreasonable crackdown and discriminatory restrictions on relevant enterprises.

Hot news

• JD.com ranked 102nd, BABA 132nd and Tencent 197th.

Fortune magazine released a list of the world's top 500 in 2020. China, the world's seven largest Internet companies on the list, occupies four seats in the Internet industry, which represents the world's emerging economy. Among them, Amazon.Com Inc ranked 9th, surpassing Apple Inc and entering the top 10 for the first time, while Alphabet Inc-CL C's parent company, Alphabet, ranked 29th. JD.com Group, China's largest retail platform, jumped to 102nd place, with BABA at 132, Tencent at 197 and XIAOMI at 422. JD.com Group, BABA and Tencent remain among the top three Chinese Internet companies.

• DouYu International Holdings Limited received Tencent's preliminary proposal to merge DouYu International Holdings Limited and HUYA Inc.. HUYA Inc. rose 5% before the live broadcast.

$HUYA Inc. (HUYA.US) $It rose 5% before trading. Earlier, DouYu International Holdings Limited received$Tencent (00700.HK) $Merge$DouYu International Holdings Limited (DOYU.US) $And HUYA Inc. 's preliminary proposal, JOYY Inc Group announced that it will transfer 30 million shares of HUYA Inc. Class B common shares to Tencent.

According to foreign media, DouYu International Holdings Limited has received a preliminary, non-binding proposal from Tencent, suggesting a share exchange merger between DouYu International Holdings Limited and HUYA Inc.. According to the agreement, DouYu International Holdings Limited's holders will exchange their respective shares for newly issued HUYA Inc. Class A common shares, the number of which will be agreed by both parties.

• DouYu International Holdings Limited rose more than 10% before trading, and his net profit in the second quarter was 323 million yuan, up 513.7% from the same period last year.

$DouYu International Holdings Limited (DOYU.US) $Before trading, the company's second-quarter results showed that revenue reached 2.508 billion yuan, up 33.9% from the same period last year; gross profit reached 523 million yuan, up 73.7%; net profit under non-GAAP was 323 million yuan, up 513.7% from the same period last year; the average number of monthly active users was 165 million, compared with 163 million in the same period last year Revenue in the third quarter is expected to be 2.64 billion yuan to 2.68 billion yuan, an increase of 42.1% over the same period last year.

• Kodak fell 40% before trading, and its $765 million loan agreement was suspended.

$Kodak (KODK.US) $It fell 40 per cent in pre-market trading after the US International Development Finance Corporation said a $765 million drug loan agreement between Kodak and the US government had been shelved because of "recent allegations of misconduct". No further action will be taken unless these allegations are proved to be non-existent.

• Sources say New Oriental Education & Technology Group will seek a secondary listing in Hong Kong, raising at least US $1 billion.
  

On August 10th, it was reported that$New Oriental Education & Technology Group (EDU.US) $It will seek a secondary listing in Hong Kong to raise at least $1 billion. The source also said that New Oriental Education & Technology Group's secondary listing has partnered with Bank of America Corporation, Credit Suisse and UBS to study the issuance deal. New Oriental Education & Technology Group is currently planning a secondary listing as soon as the end of the year, with more banks likely to join later, they said.

• Li Auto Inc.: monthly sales of ideal ONE increased by 33% compared with the previous month.

$Li Auto Inc. (LI.US) $Official blog: according to the newly released retail data of CNAC data terminal, ideal ONE2020 sold 2516 vehicles in July 2020, an increase of 33% compared with June. Ideal ONE accumulated sales of 12182 vehicles from January to July, and has reached 13193 vehicles since it was delivered in December last year.

• Sohu.com Ltd CEO Zhang Chaoyang: Sohu.com Ltd can not withdraw US stocks listed in Hong Kong, the US stock capital market has many advantages

This afternoon$Sohu.com Ltd (SOHU.US) $Hold a communication meeting for financial statements. At the meeting, Sohu.com Ltd CEO Zhang Chaoyang said, "We do not delist, the US capital market still has many advantages, as long as we do not catch up with us, we will continue to stay inside." If we can stay in the US stock market, we will stay. If we can get through, we will also follow the path of non-refundable US stocks and listing in Hong Kong in the future. "

• Guo Mingyi: if Apple Inc removes Wechat from global shelves, iPhone shipments may drop by 30%.

August tenth$Apple Inc (AAPL.US) $Industry chain analyst Guo Mingyi said in a forecast on Wechat official account "Tianfeng International" that the US government's ban on Wechat has the greatest impact on iPhone among Apple Inc's hardware products, and Apple may be forced to remove Wechat from App Store. In pessimistic and optimistic scenarios, iPhone shipments are estimated to decline by 25% and 3%, respectively.

• Taiwan media: Taiwan Semiconductor Manufacturing Co Ltd's 5nm production process is tight, and it is frantically robbed by Apple Inc, Qualcomm Inc, AMD and other 8 customers.

According to Taiwan media reports$Taiwan Semiconductor Manufacturing Co Ltd (TSM.US) $The 5nm process is so tight that it has been scrambled by Apple Inc, Qualcomm Inc, AMD, NVIDIA Corp, MediaTek, Intel Corp, Bitmainland, Altera and other customers. Isaiah Research said that Apple Inc has a strong demand for 5nm processes, including A14, A14X application processors and chipsets used for MacBook. Apple Inc can get 4 to 45000 5nm production capacity of Taiwan Semiconductor Manufacturing Co Ltd in the first quarter of next year.

• Microsoft Corp responded to the rumor of "severing China".

In the face of what has been circulated before$Microsoft Corp (MSFT.US) $Microsoft Corp responded today to rumors that he was ready to "confess China": "recently, some individual social media rumors about the global update of Microsoft Corp's terms of service are not consistent with the facts. We are firmly committed to providing services to Chinese users.

• Tesla, Inc. spent nearly $100m to buy land for his Texas super factory.

According to foreign media, electric vehicle manufacturers$Tesla, Inc. (TSLA.US) $It spent nearly $100 million to buy a piece of land in Austin to build its Texas super factory.

• Lufax Holding submitted an application for listing in the United States, and three senior executives left collectively recently.

On Aug. 10, when it was reported that Lufax Holding, a subsidiary of Ping an Group, had submitted an application for listing in the United States, the person in charge of Lufax Holding said they had no comment on the market rumors. The reporter learned that just as Lufax Holding went public in the United States, there was a major earthquake on its senior management team. In nearly a month or so, Lufax Holding International Chief Technology Officer Lu Jun, Chief Marketing Officer Pan Biao and Chief Compliance Officer Xu Fenglei left one after another.

Advance financial report for August