"Only God can make me drop out!" Biden passionately promises to continue the campaign, but he misspoke again this time.
On Friday, US Eastern Time, Biden stated in an interview that he will continue to run for the presidency, and that he is the best candidate to stop Trump from returning to the White House in November. However, it was a bit awkward that he misspoke during this 22-minute interview. On Monday next week, US Eastern Time, several Democratic congressmen will have a meeting to discuss persuading Biden to drop out of the race.
Has the US labor market still been "strong"? Media reported that non-farm payrolls data for the first two months were significantly revised downward.
"New American News Agency" stated that although the non-farm data in June is not enough to make the Fed cut interest rates at the July meeting, it is likely to cause a more intense debate on cutting interest rates in September at the July meeting.
"Fed's top three": Although there has been progress in inflation control work, it has not been completed yet.
On Friday, New York Fed President Williams delivered a speech at an event in Mumbai, India, stating that despite recent declines, inflation rates are close to the Fed's target of 2%, and Williams emphasizes policymakers still need to continue efforts to achieve this goal.
Fed Monetary Policy Report: Inflation slows, confidence still needed before rate cuts, closely watching next week's Powell hearing!
The report summarizes the state of the US economy in the first half of this year and the execution of the mmf policy by the Federal Reserve, which is almost consistent with the discussions in previous Federal Reserve meetings.
Top 20 turnover | Tesla has risen for 8 consecutive days, up more than 27% this week, with a total transaction volume of over 38 billion US dollars.
On Friday, Tesla was the top volume trading company in U.S. stocks, rising 2.08% for the eighth consecutive trading day, and the stock price hit a new six-month high with a transaction volume of $38.342 billion. The stock has risen more than 27% this week, wiping out most of its losses this year. Nvidia, ranked 2nd, fell 1.91% with a transaction volume of $27.207 billion. Apple, ranked 3rd, rose 2.16%, with a transaction volume of $13.591 billion.
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
US stock pre-market: the three major indices have mixed gains and losses, with large tech stocks generally rising, with Tesla, Apple, Amazon, and Microsoft all up more than 1%; China concept stocks fell across the board, with Xpeng down nearly 10% and NIO
The US stock market opened flat on Friday, and the three major stock indexes in the US will all record gains this week. The number of new non-farm jobs added in June in the United States fell sharply, and the unemployment rate unexpectedly climbed to 4.1%, reinforcing the reason for the Federal Reserve's interest rate cuts.
Fed's Williams: Progress on Inflation, Job Not Yet Done.
Williams pointed out during his activities in India that he "has confidence" that the Fed is on track to achieve its 2% inflation target.
No hope of US Treasury bond rebound? The market is focused on the election, betting that yields will remain high.
Concerns about the expansion of the US fiscal deficit and the increasing government debt burden after Trump's election may limit the rebound of bonds, while the Fed's increasing proximity to interest rate cuts may put pressure on the rise of long-term US debt.
U.S. stock market preview: Heavyweight news! Non-farm data exceeds expectations, and the three major equity index futures jump; Fed "top three": there is still a long way to go to maintain the 2% inflation target.
The US earnings season will kick off next week, putting the US stock market to the test; the increase in US currency supply indicates a reversal of the concentration trend in the US stock market, and mid-small cap stocks may have opportunities; over 1 million chips will be shipped! Nvidia's sales in China are expected to reach $12 billion this year.
This week's bull stock in the US | Electric vehicle stocks collectively soar! Tesla's rise exceeded 24%, Ideanomics rose nearly 16%; Broadcom rose nearly 8%, and received the layout of "Congress Mountain Stock God" Pelosi.
This week, the Dow Jones Industrial Average rose by 0.48% to close at 39,308 points; during the same period, the S&P 500 index rose by 1.4% to close at 5,537.02 points; and the Nasdaq index rose by 2.57% to close at 18,188.3 points.
Be alert to non-farm payroll undermining interest rate expectations at 8:30 pm tonight!
Will tonight's non-farm data help boost interest rate expectations as multiple weak economic data this week have boosted them in turn?
Will there be any surprises in the non-farm data? The first major US data release day of the second half of the year has arrived.
If we were to discuss the most unpredictable economic indicators in the US market this year, non-farm payroll data would definitely make the list. Tonight marks the first non-farm evening of the second half of the year. What kind of surprises will this night bring? Will the data performance be unexpected once again?
"Trump 2.0" may be coming soon! Which major assets will "dance" and which will "lie flat"?
As traders assume that Trump's return to the White House is a basic market expectation, how should investors act?
Two top global assessment institutions warn of the risk of a US-European debt explosion.
Debt in the United States and other developed countries continues to rise, and only severe market pressure can change this trend.
Facing Non-Farm Payrolls: the first heavy data of trade in the second half of the year!
Why does the Non-Farm Payroll data tonight once again affect the nerves of global financial markets and traders?
Biden in danger? Disney heir and other "bigwigs" are pressuring him: no re-election, no money!
Abigail Disney plans to suspend donations to Democrats before Biden drops out; Biden says he has no plans to withdraw from the race.
Four key points are drawing attention to the "exceptionally important" non-farm data on Friday.
Analysts point out that the slow increase in unemployment rate in the United States may trigger the 'Sam Rule'.
Futu Morning News | Is the market pricing in the possibility of "Biden dropping out over the weekend"? Biden: I will not drop out; Short sellers get wrecked! Tesla's short sellers lost $3.5 billion in two days.
The Asia-Pacific stock market is booming: Taiwan stocks and Indian stocks hit record highs, Japanese stocks are nearing highs; The Federal Reserve hinted that it is not yet ready to cut interest rates, and bitcoin fell to a two-month low; Xpeng and NIO Inc responded to additional EU tariffs.
The worst case scenario of the US debt crisis: if Trump orders a default on debt payments!
Nomura and other analysts pointed out that if the United States chooses to default, the credibility of the US dollar will be damaged, which may lead investors to demand higher risk premiums for US bonds, resulting in a sharp increase in government interest payments. Without a large-scale fiscal overhaul, the Federal Reserve loses its monetary policy independence, and the government implements strict financial regulation to try to push real US bond yields into deep negative values to settle federal debt.