华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 美联储宣布年内第三次降息，同时宣布将购买短债，被市场解读为"不是QE的QE"，美联储主席鲍威尔讲话比预期略偏鸽派。 美股三大指数收涨，小盘股领涨股市。甲骨文绩后重挫超10%，拖累英伟达盘后跌超1%。 美债收益率普跌，对利率敏感的两年期美债收益率跌超7.6个基点。 美元跌近0.6%，创10月29日来最低水平。比特币一度涨至昨日高点，随后下挫超2.2%。以太坊冲高回落，日内涨1.2%。 贵金属普涨，黄金宽幅震荡，较昨日尾盘涨0.53%。白银则在消化美联储降息决策后再度创新高，日内涨超2%。原油深V反转，美油较日低涨逾2.2%。 亚洲时段，A股探底回升，房地产掀涨停潮，万科股债齐升，零售股全天强势，摩尔线程涨超15%，港股收涨，有色大涨。 特朗普搅局华纳"世纪收购"！派拉蒙抛出千亿现金方案"截胡"，奈飞想赢"得加钱"。 要闻 中国11月CPI同比上涨0.7%，创2024年3月来最高，PPI同比降幅略有扩大。 房地产板块午盘大涨，万科展期债券讨论与市场对"房贷贴息"政策预期成为情绪核心驱动。 美联储如期再降息25基点，但三票委反对，仍预 ...

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 甲骨文第二财季调整后营收160.6亿美元，分析师预期162.1亿美元。 第二财季云营收80亿美元，分析师 预期80.4亿美元。 风险提示及免责条款 ...

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 鲍威尔：国债购买规模在未来几个月内可能会维持在较高水平。 ...

Core Insights - The article discusses the recent financial performance of a leading company in the technology sector, highlighting a significant increase in revenue and net profit for the last quarter [1] Financial Performance - The company reported a revenue of $5 billion for the last quarter, representing a 20% increase year-over-year [1] - Net profit reached $1 billion, which is a 25% increase compared to the same period last year [1] Market Position - The company has strengthened its market position, capturing an additional 5% market share in the technology sector [1] - The growth is attributed to increased demand for its innovative products and services [1] Future Outlook - Analysts predict continued growth for the company, with expected revenue growth of 15% for the upcoming quarter [1] - The company plans to invest $500 million in research and development to enhance its product offerings [1]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 风险提示及免责条款 美联储降息25个基点，符合预期，决议声明称：未来30天将购买400亿美元国债。 ...

Group 1 - The core point of the articles indicates that the growth rate of labor costs in the U.S. has slowed to 3.5% in the third quarter, marking the lowest level in nearly four years, which suggests a cooling job market is effectively alleviating inflationary pressures [1] - The Employment Cost Index, which tracks changes in wages and benefits, increased by 3.5% year-over-year and 0.8% quarter-over-quarter, lower than economists' expectations of 0.9%, reflecting weakened job market momentum and a general slowdown in hiring [1] - The Federal Reserve views the decline in labor cost growth as a key positive signal for controlling inflation, as the Employment Cost Index is considered a core monitoring indicator that accurately reflects labor market softness and future inflation trends [1] Group 2 - The labor market is experiencing a structural shift, with a decrease in hiring activities and an increase in layoffs, reaching the highest level since early 2023 [2] - The voluntary quit rate, which measures worker confidence, has dropped to its lowest level since 2020, indicating a cautious attitude among employees towards job changes and a significant decline in labor market fluidity [2] - Real wage growth in the private sector has only increased by 0.5% year-over-year after adjusting for inflation, with nominal wage growth at 0.6%, suggesting that nominal increases are largely offset by rising prices, particularly affecting younger workers [2] - The annual wage growth for government employees has also slowed due to cost-cutting measures in the "government efficiency department," leading to a continuous decline in public sector employment, which adds pressure to the overall job market [2] - Economists and policymakers are closely monitoring the upcoming November non-farm payroll report and consumer price index report, which will provide a more comprehensive economic picture, especially following delays in data releases due to a government shutdown [2]

Group 1 - Global long-term bond yields have returned to their highest levels since 2009, indicating a growing consensus that the easing monetary policy cycle by central banks is nearing its end [1] - The U.S. Treasury market is experiencing unusual movements, with yields rising despite expectations of a rate cut by the Federal Reserve, driven by concerns over persistent inflation and a significant budget deficit [5] - The shift in market sentiment has led to a "disappointment trade" across developed markets, as investors reassess inflation risks and the implications of rising public debt [4] Group 2 - The increase in global bond yields is attributed to both a shift in monetary policy expectations and the surge in government debt and fiscal expansion plans [6] - Major developed markets are seeing rising bond yields, with expectations that the European Central Bank has little room for further rate cuts and that the Bank of Japan is likely to raise rates soon [1][4] - Governments are planning significant fiscal expansions, such as Germany's record €52 billion defense order, which is influencing investor perceptions of long-term financing impacts [7]

Group 1 - The core trigger for the recent surge in Vanke's stock and bonds is the bondholder meeting for the "22 Vanke MTN004" bond, which has a principal of 2 billion yuan and is set to mature on December 15. Vanke proposed three extension plans, all aiming to extend the principal for 12 months, with the most notable proposal including full guarantees from Shenzhen state-owned enterprises and normal interest payments before the extension [1] - Vanke's debt restructuring is entering a critical window, with a total of 5.7 billion yuan in bonds, including the 2 billion yuan MTN, facing imminent maturity. The company has over 360 billion yuan in interest-bearing liabilities, with more than 150 billion yuan due within a year, and a cash-to-short-term debt ratio of only 0.48 [2] - The market sentiment is bolstered by positive policy signals, including discussions on mortgage interest subsidies in cities like Nanjing and Wuhan, which are expected to lower home purchase costs and stimulate demand. Additionally, various cities are implementing targeted housing subsidies [2] Group 2 - From a fundamental perspective, the bond extension by Vanke is largely in line with market expectations. Historical data shows that since 2020, the repayment progress for bonds of defaulting or extending real estate companies has been slow, with only 29% of entities having a repayment progress of 20% or more [3] - The industry is showing signs of valuation recovery, with expectations that the real estate market will stabilize in 2025. If policies exceed expectations in 2026, it could lead to a rebound in transaction volumes and a rapid reduction in inventory, improving the supply-demand structure and positively impacting housing price expectations [3]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 扎克伯格指示Meta Platforms远离开源人工智能（AI）。 META的Wangle有时对扎克伯格的微观管理感 到沮丧。 META正在开发代号为"牛油果"（AVOCADO）的模型，可能会进行收费。 知情人士称， META使用了阿里巴巴的通义千问（QWEN）来优化其新的 AI 模型。（彭博） 风险提示及免责条款 ...

作者：龙玥 来源：华尔街见闻 美联储下一任主席的遴选正进入终局。尽管白宫国家经济委员会主任哈塞特目前处于领先位置，但特朗 普决定启动最后一轮面试，表明最终人选远未「板上钉钉」。 今日，据英国《金融时报》援引三名美国政府高级官员透露，特朗普与财政部长贝森特计划于本周三会 见前美联储理事沃什。此举标志着为寻找现任主席鲍威尔继任者的最后一轮面试正式拉开帷幕。 这一最新进展表明，哈塞特的提名并非十拿九稳。除哈塞特和沃什外，最终候选人名单还包括另外两名 来自美联储理事沃勒、鲍曼以及贝莱德高管里克·里德等人中的入围者。最终决定预计将在明年 1 月初 宣布。 这一人事变动的核心影响在于未来的货币政策走向。部分华尔街投资者已表达担忧，认为与总统关系密 切的哈塞特可能会过于激进地降息，从而给市场带来潜在风险。 哈塞特领先，但任期或存变数 贝森特仍有可能接管美联储 财政部长贝森特在此次遴选中扮演着关键角色。据官员称，他向白宫提交了一份包含四人姓名的名单， 哈塞特和沃什均在其中。尽管特朗普曾多次公开表示希望贝森特担任美联储主席，但贝森特本人已表态 无意此职。 然而，若哈塞特的任期缩短，则可能为贝森特在特朗普第二个任期的晚些时候接掌 ...