特朗普政府一项旨在彻底改革H-1B高技能人才签证计划的行政令，在美国企业界引发了一场巨大的混乱。 据新华社， 美国总统特朗普19日签署公告，将企业为H-1B签证申请人支付的费用提高至10万美元，并称此举旨在确保美国引进的是高技能、不能被美国人替 代的人才。 这一消息迅速在企业界和移民律师中引爆，他们警告称，目前身处海外的H-1B签证持有者可能在周日后无法顺利返美，从而引发了一场"疯狂的争 夺战"。 据媒体报道，包括微软、亚马逊、谷歌和摩根大通在内的大型企业纷纷向员工发出紧急通知， 建议持有H-1B签证的员工留在美国，并敦促正在海外出差或旅 行的员工在周日午夜前务必返回。 人力资源部门通宵运作， 追踪员工位置并协助预订航班，许多员工被迫中断会议或行程，紧急赶往机场。 面对企业界的集体恐慌，白宫于周六紧急介入，试图平息事态。白宫新闻秘书Karoline Leavitt及匿名官员通过社交媒体和声明澄清，新政仅适用于未来的新签 证申请者，不涉及现有的签证持有者、签证续签，甚至不包括已参与2025年抽签的申请人。同时，白宫强调10万美元为一次性费用，而非年度费用。这一澄 清，与商务部长卢特尼克此前在总统身边的表态存在明 ...

Core Viewpoint - The outdoor brand Arc'teryx faced significant backlash after sponsoring a fireworks show in the ecologically sensitive region of the Himalayas, raising concerns about environmental impact and the appropriateness of such artistic expressions [1][8][10]. Group 1: Apology and Response - Arc'teryx issued an apology on September 21, both domestically and internationally, acknowledging the need for a more professional assessment of artistic boundaries and a humble approach to nature [3][4]. - The domestic apology emphasized collaboration with government oversight to evaluate ecological impacts and commit to environmental and cultural initiatives in Tibet [4]. - The international apology expressed regret over the fireworks display, stating it contradicted the brand's environmental values and indicated ongoing communication with relevant teams to prevent similar incidents [6]. Group 2: Public and Media Reaction - Foreign netizens criticized Arc'teryx's international apology as insincere, suggesting a disparity between domestic and international responses and implying a blame-shifting attitude [7]. - Chinese state media, including People's Daily and Xinhua, published critical commentary on the event, questioning the ecological implications and the need for stricter regulations on artistic marketing activities [8][9]. Group 3: Investigation and Future Actions - Local authorities in Shigatse City have initiated an investigation into the incident, focusing on the approval process and ecological assessments related to the fireworks display [10]. - The importance of protecting the fragile ecosystem of the Tibetan Plateau was highlighted, with calls for immediate ecological evaluations and restoration efforts to address potential chemical contamination from the fireworks [11].

同时，日本自民党总裁选举竞选活动将正式开始。 经济指标 "美联储最爱的通胀指标"——8月PCE物价指数 继美联储于9月17日进行了今年首次降息25个基点后，市场目光迅速转向即将发布的"美联储最爱的通胀指标"——8月PCE，以寻求美联储后续货币政策走向的更 多线索。 华尔街见闻写道，鲍威尔在记者会上已预先透露，预计美国8月PCE通胀率同比上升2.7%，核心PCE同比上升2.9%。这一预测与此前7月核心PCE同比回升至2.9% 的趋势一致，显示出通胀的顽固性，特别是服务业成本上涨的推动作用。 | 时间 | | 内容 | 预期 前值 | | --- | --- | --- | --- | | 9月22日 周一 | | | | | 数据 | 09:00 | 中国 9月五年期贷款市场报价利率(LPR) | 3.5% | | 09:00 | | 中国 9月一年期贷款市场报价利率(LPR) | 3% | | 事件 | 待定 | 美联储新任理事米兰将在纽约经济俱乐部发表演讲 清、李云泽出席 | | | 待定 | | 日本自民党总裁选举竞选活动开始 | | | 15:00 | | "高质量完成'十四五'规划"系列发布会 潘功胜 ...

Core Viewpoint - A significant strategy known as "hedging against the US" is emerging in global capital markets, characterized by a massive influx of international funds into the US while simultaneously a potential trillion-dollar wave of shorting the dollar is brewing [1][2]. Group 1: Market Dynamics - Major Wall Street banks, including State Street, Deutsche Bank, and BNP Paribas, predict that the ongoing hedging activities will significantly pressure the dollar's performance in the coming year [2][8]. - Deutsche Bank noted that since mid-year, inflows into "dollar-hedged" US asset ETFs have surpassed those into "non-dollar-hedged" funds for the first time in a decade, indicating an unprecedented speed of this shift [2][8]. Group 2: Scale of Hedging - The potential scale of this hedging wave is estimated at approximately $1 trillion, which would restore the hedging ratio of global investors holding over $30 trillion in US stocks and bonds to the average level of the past decade [5][6]. Group 3: Investor Behavior - Foreign investors currently hold about $20 trillion in US stocks and approximately $14 trillion in US bonds, with a noted decrease in their hedging ratios for fixed income and equities by about five and two percentage points, respectively, in recent years [11]. - A survey by Bank of America revealed that 38% of global fund managers are seeking to increase currency hedging to counter a weakening dollar, marking the highest level since June [13]. Group 4: Operational Strategies - One common hedging method employed by overseas investors is selling dollar forward contracts to lock in exchange rates, which typically translates into selling pressure on the dollar in the spot market [9]. - The current hedging ratio for foreign investors has stabilized around 56%, down from approximately 70% mid-year, indicating a strategic shift rather than a mass liquidation of US assets [11].

Core Viewpoint - The Trump administration is implementing a radical immigration reform that directly ties the cost of obtaining U.S. residency and work rights to financial contributions, significantly increasing fees for H-1B visas and introducing new visa categories like the "Gold Card" and "Platinum Card" [1][2][4]. Summary by Sections H-1B Visa Changes - The annual application fee for H-1B visas will rise from several thousand dollars to $100,000, transforming the process from a lottery system to a capital-driven model [2][9]. - Currently, the fee for submitting an H-1B application is approximately $5,000, excluding legal fees, which is a stark contrast to the proposed fee [2]. Gold Card and Platinum Card - The "Gold Card" will allow foreign nationals to obtain residency by paying $1 million, while companies can sponsor individuals for $2 million [4][5]. - The "Platinum Card" is proposed at $5 million, allowing holders to reside in the U.S. for up to 270 days annually, with tax exemptions on non-U.S. income [7]. Economic Implications - Trump claims the new policies could generate "hundreds of billions" in revenue, primarily impacting the tech industry, which heavily relies on H-1B visas [8][9]. - Major tech companies like Amazon, Google, and Microsoft are among the largest users of H-1B visas, with Amazon alone receiving over 10,000 approvals this year [8]. Industry Reactions - The response from the tech industry is mixed; while some support the increased fees for top talent, others express concern that small businesses may be unable to afford the new costs, potentially hindering innovation [10]. - There is a divide among Trump supporters regarding the H-1B program, with some viewing it as detrimental to American jobs, while others emphasize the need for global talent [10]. Impact on Immigrants - The policy changes will adversely affect approximately 700,000 current H-1B visa holders, particularly those from India, who represent 71% of H-1B approvals [11]. - The reduction of green card slots from 140,000 to 80,000 for categories like EB-1 and EB-2 will further complicate the immigration landscape for skilled workers [11]. Legal Challenges - The implementation of these new visa fees may face legal challenges, as such changes typically require congressional approval or a formal regulatory process [12]. Fundamental Shift - This immigration reform places the U.S. at a crossroads, questioning whether to maintain an open approach to attract innovation or to establish financial barriers for entry [13].

Core Points - The failure of both parties' short-term spending bills in the Senate has led to a deadlock, increasing the risk of a government shutdown as the current funding only lasts until the end of the month [2][3][5] - The Senate vote on the Republican bill received only 44 votes in favor, falling short of the required 60 votes, while the Democratic alternative also failed to pass [1][2] - President Trump warned that the government might shut down due to the impasse between the two parties [4] Group 1: Legislative Context - Both parties' spending proposals were rejected, leaving Congress in a stalemate and increasing the likelihood of a government shutdown [2][5] - Congress must pass a spending bill within two weeks to avoid a shutdown on October 1, the start of the new fiscal year [3][5] - The Republican bill aims to fund the government until November 21 and includes $8.8 million in security funding, but excludes healthcare provisions [8][9] Group 2: Healthcare Policy Dispute - The Democratic proposal totals $1.5 trillion and extends funding until October 31, including $350 billion for extending ACA subsidies [9][10] - The core disagreement between the parties centers on healthcare policy, with Republicans refusing to include healthcare provisions in the short-term spending bill [11][12] - Democrats argue that the current healthcare debate is crucial as insurance companies will announce premium increases soon [10][11] Group 3: Political Dynamics - The Republican leadership is pushing for Democratic concessions as the deadline approaches, hoping to avoid blame for a government shutdown [6][12] - The Senate requires at least 60 votes to pass a spending bill, meaning Republicans need support from Democratic senators, which has not materialized [15][16] - Schumer's firm stance contrasts with previous compromises, reflecting pressure from party activists to oppose the Trump administration [16][17] Group 4: Budgetary Implications - The current funding debate involves approximately one-quarter of the $7 trillion federal budget, which includes mandatory programs like Social Security and Medicare [18] - The inability to pass a new budget often leads to temporary funding measures to keep the government operational [18]

Core Viewpoint - The current market is experiencing a significant rally in risk assets, with major indices reaching historical highs, driven by optimism and a narrative of resilience despite underlying economic concerns [1][3][10]. Group 1: Market Performance - The S&P 500 and Nasdaq indices have both reached all-time highs, with year-to-date increases of 14% and 17% respectively [1]. - The MSCI All Country World Index has also hit a historical peak, indicating a global trend in rising stock prices, particularly in emerging markets [3]. - The credit market is reflecting similar optimism, with the credit spread for high-rated U.S. companies narrowing to below 0.8 percentage points, the lowest since 1998 [4]. Group 2: Investor Sentiment - The phenomenon of "fear of missing out" (FOMO) is driving investors to accept lower returns for taking on risk, as noted by asset management firms [6][7]. - The narrative of "The Great Resilience Trade" is being used to justify the current market rally, emphasizing strong consumer resilience and advancements in artificial intelligence [9][10]. - Despite the enthusiasm, some investors are cautious, noting that the current valuations leave little room for error [14][15]. Group 3: Economic Factors - The recent interest rate cuts by the Federal Reserve are seen as a catalyst for the market rally, with expectations of further cuts fueling investor optimism [12][13]. - The market's reaction to the Fed's policies suggests a belief that economic growth can coexist with lower interest rates, creating an ideal environment for stocks [14]. Group 4: Diverging Opinions - While many investors remain bullish, there are signs of defensive positioning, with increased short positions in small-cap stocks and inflows into safe-haven assets like gold and cash [15][16]. - Some market strategists express skepticism about the sustainability of the current rally, warning that any signs of economic weakness could disrupt the prevailing optimism [14][15].

OpenAI发力AI硬件领域并加速挖苹果墙角，与立讯精密达成硬件制造协议、与歌尔股份合作正在接洽中。此外，今年以来OpenAI已从苹果招揽超过20名消费 硬件领域员工。 此外，OpenAI 还与组装 AirPods、HomePods 和 Apple Watch 的歌尔股份接洽，希望为其未来产品供应扬声器模块等组件。 周五，据Information报道援引知情人士消息，苹果设备组装商立讯精密已获得至少一款OpenAI 设备的组装合同。 今年以来，OpenAI已从苹果招揽超过20名消费硬件领域员工，远超去年的约10人。这些新员工涵盖硬件工程师、用户界面设计师、可穿戴设备、摄像头和音 频工程等多个领域。 OpenAI首席硬件官Tang Tan在苹果工作25年后加入该公司，正在利用更高薪酬和更少官僚主义的承诺吸引前同事。 据知情人士透露，OpenAI计划的产品包括类似无显示屏智能音箱，还考虑开发眼镜、数字录音笔和可穿戴胸针等产品。 该公司将首批设备的发布时间定在 2026年末或2027年初。 OpenAI的人才争夺战可能令其与苹果的合作关系复杂化。自2024年以来，两家公司在Siri集成和Image Playgrou ...

9月20日凌晨，字节跳动 发布公告称 ，字节跳动将按照中国法律要求推进相关工作，让TikTok美国公司 继续服务好广大美国用户。 觉得好看，请点"在看" ⭐星标华尔街见闻，好内容不错过 ⭐ 本文不构成个人投资建议，不代表 平台 观点，市场有风险，投资需谨慎，请独立判断和决策。 来源：上海证券报 作者罗茂林 ...

Core Viewpoint - The launch of the iPhone 17 series in China has shown mixed but positive signals, with strong demand for high-end models in some cities, while interest has cooled in others [1][5]. Group 1: Market Response - Long queues formed outside Apple stores in Beijing and Shanghai, with around 300 people waiting at the flagship store in Beijing, leading to the rapid sell-out of popular models [2][6]. - The Shanghai store experienced even greater queueing than in previous years, necessitating additional barriers to maintain order [3]. - In contrast, a store in Shenzhen reported significantly fewer customers than in previous years, indicating a regional disparity in demand [4]. Group 2: Demand for High-End Models - The Pro Max model has become the focal point of the release, with early morning queues forming as early as 5 or 6 AM [6]. - Resellers are focusing on high-capacity versions of the Pro Max, with price markups ranging from hundreds to over a thousand yuan for certain models [8][9]. - The 1TB Pro Max version saw a markup of up to 1000 yuan, while the 256GB Pro version had a markup of approximately 300-400 yuan [8]. Group 3: Sales Projections and Market Strategy - Analysts view the iPhone 17 launch as a critical opportunity for Apple to regain market share in China, especially after a 6% year-on-year decline in shipments during the first eight weeks of Q3 [12]. - It is projected that the iPhone 17 series could lead to an 11% year-on-year increase in Apple's shipments in China for the second half of the year, contributing to a 5% growth for the entire year [14]. - The redesigned Pro Max is expected to stimulate demand, with historical trends indicating that significant redesigns often drive upgrade cycles in China [14]. Group 4: Product Strategy and Inventory Management - The highly anticipated iPhone Air has been delayed in China due to regulatory issues, as it only supports eSIM technology [15][16]. - Apple is also reducing prices on older models to clear inventory, with the iPhone 16 now priced at 5399 yuan, down from its original price of 5999 yuan [17].