Xin Lang Cai Jing·2025-12-03 22:11Group 1: Employment Data - The U.S. private sector employment unexpectedly decreased by 32,000 in November, marking the largest decline since early 2023, raising concerns about a weakening labor market [4][6] - Over the past six months, employment numbers have recorded declines in four out of six months, contrasting with economists' median forecast of a 10,000 increase [4] Group 2: Federal Reserve Reforms - U.S. Treasury Secretary Becerra plans to push for a new regulation requiring Federal Reserve regional bank president candidates to reside in their district for at least three years [8] - Becerra has criticized the Federal Reserve for straying from its primary mission of monetary policy, suggesting that regional bank presidents should come from their respective areas rather than being external hires [8] Group 3: Corporate Movements - Meta Platforms has hired Apple's top design executive, Alan Dye, indicating its commitment to entering the artificial intelligence consumer device market [10][11] - Stephen Lemay, a long-time designer at Apple, will replace Dye in his previous role [11] Group 4: Semiconductor Industry - Micron announced it will stop selling consumer storage products to focus on meeting the surging demand for high-performance AI chips [13] - The decision reflects a broader trend where AI infrastructure growth is leading to shortages in core input products like storage [13] Group 5: Commodity Prices - Copper prices surged to a new high, driven by a spike in orders for copper withdrawals from London Metal Exchange warehouses, raising supply concerns amid potential U.S. tariffs [15] - LME copper rose by 3.4%, exceeding $11,500 per ton, with significant increases in copper mining stocks, particularly Antofagasta Plc, which saw a rise of over 5% [15] Group 6: Stock Market Outlook - Goldman Sachs' macro trader compares the stock market's upcoming year to a boxing match, with AI and stimulus measures as bullish drivers against high valuations and credit pressures as bearish forces [17] - The S&P 500 is expected to record double-digit gains for the third consecutive year, with significant capital expenditures from the "seven tech giants" projected to inject around $600 billion into the U.S. economy [17]