Futu Information 2019.7.8 US stock blockbuster headlines:

Focus on Powell, welcome the big speech this week.

Fed Chairman Powell will speak at the stress test meeting on Tuesday night, and whether the Fed has plans to cut interest rates will naturally be the focus of attention. In addition, Powell will testify on semi-annual monetary policy before the House Finance Committee on Wednesday.

The strong jobs report in June raised questions about whether the Fed would cut interest rates this month. The U. S. economy added 224000 jobs last month, more than expected. The strong report pushed 10-year Treasuries back to the key level of 2 per cent. The dollar also rose against a basket of currencies, putting pressure on commodities such as gold.

Economists say that if Powell does not insist on cutting interest rates, the market will fluctuate violently. The Fed fund futures market expects the Fed to cut interest rates by 25 basis points in July.

The earnings season is coming and investors are pessimistic.

Second-quarter earnings for S & P 500 companies are expected to be flat from a year earlier, according to Refinitiv. However, the reality may not be so optimistic. Credit Suisse says earnings are expected to grow 2.6 per cent if the past model remains the same, but if you subtract the impact of buybacks on earnings per share, growth will return to zero.

Famous bulls on Wall Street: enjoy rising, but don't be greedy

Wall Street bullish Jeffrey Mills believes that the Fed interest rate cut is not necessary to maintain the stock market rally. PNC Financial Services Group Inc's co-chief investment strategist believes interest rates will be cut later this month, despite a stronger-than-expected jobs report in June.

Mills believes this will not hurt investors in the short term, and from a technical point of view, the S & P 500 still has 5% room to rise, as low interest rates help support the current price-to-earnings ratio, but the data show that stock returns will be affected in the long run. The average return for investors will not exceed 10 per cent and may be around 6 per cent, the same as the money market returns in the late 1990s.

Judging from the online survey conducted by CNBC, there are currently many people who support not cutting interest rates:

Bill Gates: jobs is a master of corporate governance, which saved Apple Inc from demise.

Bill Gates, founder of Microsoft Corp, recently praised Apple Inc for making people Jobs, saying that he is talented in corporate governance, as if by "magic", so that Apple Inc employees can stay motivated and work for a long time.

Bill Gates believes that Jobs is a special case because his personal style has a great impact on employees, which is difficult to copy.

Deutsche Bank has made the largest layoffs in the past 20 years, with plans to cut 18000 jobs by 2022.

Deutsche Bank has undergone a series of strategic adjustments in recent years, but its CFO told CNBC on Sunday that it was confident that this round of restructuring would be the last.

Deutsche Bank announced on Sunday that it would withdraw from global stock sales and trading, reduce its investment banking business and cut thousands of jobs as part of a comprehensive restructuring plan to improve profitability, with the goal of reducing adjusted costs by 1/4 over the next few years. To 17 billion euros ($19 billion). The bank expects its restructuring plan to cost 7.4 billion euros by the end of 2022 and is expected to cut 18000 jobs, bringing the total to about 74000, the lowest number of employees since 2006.

Deutsche Bank, which reports results on July 25th, expects a net loss of 2.8 billion euros in the second quarter.

In urgent need of funds, WeWork plans to raise up to $4 billion in pre-IPO debt

There are reports that shared Office WeWork plans to sell billions of dollars of bonds ahead of IPO, aimed at boosting confidence in its business. The company is seeking to raise as much as $3 billion-$4 billion of debt in the coming months through debt financing designed to fund WeWork's growth until its business is profitable, according to people familiar with the matter. This kind of debt financing can raise more money for the company than IPO itself.

It has been reported that WeWork has announced its IPO plan and applied to the US Securities Regulatory Commission for listing as early as December last year in order to raise funds to promote further development.