The largest brothel in Europe went bankrupt and technicians were unemployed! Wall Street is really slippery, the White House hopes to quench its thirst, SMIC becomes the next goal!
Overview of the last trading day
The labor market data released on Friday in the United States was better than expected (the unemployment rate fell to 8.4%). This is also the first time the US unemployment rate has fallen below 10% since the outbreak of the new crown epidemic. In addition, the number of new jobs reached 140 million, continuing to prove economic recovery Still going on.
However, the positive labor market did not prevent technology companies from being sold off, causing the Nasdaq Composite Index to continue to lose 5.0% after Thursday’s plunge (-1.27%).
In this regard, 50 Park Investments analyst Adam Sarhan said: "The real economy and the financial market are like a divorce. The pace is completely different. The good labor market has not yet been able to boost the stock market... so it may follow. There are more callbacks."
At the close of the market, the Australian S&P 200 Index fluctuated throughout the day and finally closed at 5944.800 points, up 19.300 points (+0.33%), and the Australian dollar against the US dollar returned below the 0.7300 mark.
Monday is Labor Day in the United States, so the major US stock exchanges will be closed.
On Monday, the 11 major sectors saw mixed gains. Among them, the raw materials sector saw the biggest increase, reaching +1.64%, while the industrial sector saw the biggest drop, reaching -1.87%. The specific performance of all sectors is as follows:
The U.S. records a US$14 billion merchandise trade surplus with the Hong Kong Special Administrative Region
In Washington news, the US Bureau of Economic Analysis recently released trade data, which showed that the United States recorded a US$7 billion merchandise trade surplus with the Hong Kong Special Administrative Region in July, an increase of 13.93% from the previous month.
The analysis pointed out that there have been significant changes in the merchandise trade volume between the United States and the Hong Kong Special Administrative Region, mainly due to the fact that after the Hong Kong National Security Act came into force at the end of June, US President Trump subsequently signed an Executive Order on July 6 to cancel the Hong Kong’s trade privileges and special economic benefits.
Is the new round of rescue policies so gone? White House: We can survive!
In Washington news, Larry Kudlow, director of the White House National Economic Council (National Economic Council), said recently that because the Republicans and Democrats failed to reach a consensus, the second round of rescue policies that have attracted much attention from all walks of life are still being negotiated. among.
Kudrow said that even if a new round of rescue policies cannot be negotiated before the end of the year, the American people can still survive 2020 in a state of the new crown epidemic and economic overload.
When asked by Bloomberg if the White House and Congress could reach an agreement by the end of the year, Kudrow said: "We can survive, and I will definitely survive!"
Spring is gone? Europe's largest brothel declared bankruptcy!
From Cologne, Germany, The Pascha, the largest brothel in Europe, filed an application for bankruptcy with the local court last week, officially declaring the largest brothel in Europe that has a history of nearly 50 years.
The head of the brothel, Armin Lobscheid, told the German "Cologne Express" that due to the continuing impact of the new crown epidemic, the operation of brothels has been banned by the German government. As the largest in Europe, the Pasha brothel employs more than 60 employees. In addition to a 10-story building, operating costs are extremely high. Therefore, after several months of no income, it can only declare bankruptcy.
It is understood that the Pasha brothel was established in the early 70s. Since most sex workers were concentrated in the center of Cologne at that time, disputes and other vicious incidents were often caused. Therefore, the Cologne government provided the venue in 1995 and funded the construction of the Pasha brothel where it is now Tall buildings.
According to a report by "Deutsche Welle", there are more than 100 suites, restaurants, pubs, self-service laundry rooms, property services, beauty salons and other facilities in the Pasha brothel building, and it employs its own chefs and cleaners.
Destroy one by one? The next goal of the United States is SMIC!
According to Reuters, a spokesperson for the US Department of Defense revealed that The Pentagon is coordinating with other agencies on whether the Chinese integrated circuit manufacturer SMIC should be included in the list of restricted trade entities. If implemented, SMIC will face the same fate as other Chinese companies-unable to obtain supplies from American suppliers.
As the largest integrated circuit chip manufacturer in China, SMIC’s volume is second only to Taiwan Semiconductor Manufacturing Company (TSMC), the leading company in the industry, and both of these companies are China’s Huawei Group (HUAWEI). ) Chip supplier.
However, since the Sino-US trade war erupted in 2018, the US government has taken a series of major actions against Chinese companies, including 275 companies including Huawei (HUAWEI), ZTE (ZTE), and Hikvision (HIKVISION). Chinese companies are included in the list of trade restricted entities.
Reuters sources pointed out that the Pentagon had made this recommendation to the End User Review Committee (ERC) of the US Department of Commerce last week, but SMIC and the Chinese Embassy in Washington have not yet expressed their views.