The pace of economic recovery is better than expected. The House of Representatives aims to pass the House’s version of 1.9 trillion by the end of February.USDRescue plan. US stock futures rose on Friday (19th). Dow Jones futures rose 0.22%, S&P 500 futures rose 0.32%, and Nasdaq 100 futures rose 0.38%.
1. Yellen defends 1.9 trillionUSDNecessity of financial planning
Although recent economic data showed that the pace of economic recovery in the beginning of the year was faster than expected, U.S. Treasury Secretary Yellen defended the promotion of 1.9 trillion in an interview with CNBC on Thursday (18)USDThe stimulus plan is necessary. She believes that in order to fully recover the US economy, a large-scale assistance program must be promoted, so that full employment can be achieved within a year.
Although US retail sales and industrial production were better than expected in January, and US stocks also hit record highs, Yellen still defended the need for fiscal stimulus. She said: “Having a large-scale solution to deal with the suffering caused by the epidemic is extremely important. The price for not doing enough may be far greater than doing a little more.”
She said that compared with the level before the outbreak, the current unemployed population is still 9 million higher, and 4 million have completely given up looking for work. The latest data released on Thursday showed that the number of people applying for unemployment benefits for the first time last week unexpectedly increased to 861,000, which was higher than the peak of the 2007-09 recession.
Democrats hope to complete the legislation before March 14 so that the additional unemployment benefits in the relief bill in December last year can continue to be paid.The Speaker of the U.S. House of Representatives, Nancy Pelosi, stated on Thursday (18th) that the House’s goal is to pass the House’s version of 1.9 trillion by the end of February.USDRescue plan.
2. Should material Q2 financial test beat expectations
Applied materials for semiconductor equipment manufacturers (AMAT-US) The first quarter financial report and the second quarter financial report released on Thursday were both better than market expectations, indicating that the demand for production equipment will surge due to the global shortage of chips. The stock price rose more than 4% after the market.
In the first quarter of the fiscal year ending at the end of January, the net revenue of the materials increased by 24% to 5.16 billionUSD, Better than the 4.97 billion estimated by Refinitiv analystsUSD; Excluding certain items of earnings per share 1.39 USD, Also higher than market expectations.
Yingcai expects revenue for the second quarter to be between 5.19 billion and 5.59 billionUSD, Exceeding the 4.96 billion predicted by analystsUSD; Earnings per share ranged from 1.44 to 1.56 USD, Which is also higher than Wall Street’s estimate of 1.28 USD。
3. Nvidia push professionalEthereumMining processor
Bitcoin、EthereumContinue to hit a record high. On Thursday (18th) Nvidia announced that it will launch a series ofCryptocurrencyEthereumCMP (Cryptocurrency Mining Processor), including CMP 30HX, 40HX, 50HX and 90HX.
Nvidia’s move will be able to distinguish between gamers and encrypted mining chip customer groups, allowing gamers to buy GeForce graphics cards, and miners to buy CMP series products designed for mining.
Matt Wuebbling, head of marketing for Nvidia GeForce, said: “CMP products do not do graphics processing. They are sold by authorized partners and are designed to improveCryptocurrencyMining to achieve the best mining performance and efficiency. “
4. Ford, GM and other US-Mexico factories were forced to suspend operations due to heavy snow in Texas
The blizzard interrupted the supply of natural gas in the southern United States and Mexico, and caused severe damage to auto factories along the US-Mexico border. Ford, General Motors, Toyota and other automakers announced the closure of many plants.
Ford (F-US) Said on Thursday (18th) that under severe weather, factories in Kansas City, Flat Rock and Ohio in Missouri, and Sonora on the northern border of Mexico must be temporarily closed.
Volkswagen Motors said on Wednesday that due to the limited supply of natural gas, some plants in Mexico are expected to suspend production on Thursday and Friday. Audi and General Motors (GM-US) The Silao plant in Mexico also reported a work stoppage. GM stated that the three plants in Texas, Tennessee and Kentucky will all reduce their shifts.
5. Facebook blocks news links and Australia insists on promoting content payment laws
Australian authorities do not dump Facebook (FB-US) Refused to pay and cut off the news sharing service of the Australian media. On Friday (18th), it pledged to promote the content payment law. Canada announced that it would follow up with the Australian practice, vowing that even if Facebook blocks Canadian media news, it will not change its practice.
Australian Prime Minister Morrison said on Friday that Facebook’s move to “delete friends” in Australia was “arrogant and disappointing” and has received support from leaders in Canada, Britain, France and India.
Canada is about to announce similar regulations in the next few months. The Canadian Minister of Cultural Assets Steven Guilbeault, who drafted the bill, condemned Facebook’s move on Thursday, saying that this move cannot intimidate the Canadian government. “Canada is at the front line of this battle. .. We are among the first countries to do this.”
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