Core Viewpoint - The White House Press Secretary Levitt stated that the tax reform bill will not increase the deficit [1] Group 1 - The tax reform bill is positioned as a measure that will maintain fiscal responsibility by not contributing to the national deficit [1]

Group 1 - The U.S. stock indices opened slightly higher, with the Dow Jones up 0.05%, S&P 500 up 0.01%, and Nasdaq down 0.03% as investors shifted focus from trade tensions to the latest tax reform bill [1] - Nvidia is set to release its earnings report, which will significantly influence the future performance of tech stocks [1][9] - Pinduoduo's stock continued to decline after missing earnings expectations, dropping nearly 3% following a 13% decrease the previous day [1] Group 2 - Recent signals indicate a de-escalation in the U.S.-China trade war, with President Trump postponing high tariffs on the EU and ongoing dialogues between the EU and the U.S. regarding trade policies [3][4] - ASEAN leaders expressed concerns over the uncertainty brought by U.S. tariffs and emphasized the need for trade diversification [3] Group 3 - The new tax reform bill proposed by Trump is projected to increase the deficit by $3.8 trillion over the next decade, with $2.2 trillion occurring in the first five years [6] - Analysts from Deutsche Bank and Morgan Stanley highlighted that the tax reform could lead to a deficit exceeding 6% of GDP in the coming years, primarily due to record interest expenses and economic slowdown [6][7] Group 4 - Nvidia's upcoming earnings report is highly anticipated, with analysts expecting revenue of $43.28 billion, a 66% year-over-year increase, and a net profit of approximately $19 billion, a 31% increase [9] - The market is particularly focused on the supply situation of Nvidia's new Blackwell chips and the company's performance in the Middle East and China [9]

无视马斯克批评 特朗普坚称税改法案必须通过 金十数据5月29日讯，当地时间28日，美国总统特朗普回应埃隆·马斯克对所谓政府税收与支出法案感到 失望，及其质疑该法案能否兼具"大而美"时表示，该项法案必须获得大量支持票，必须让这项法案在众 议院获得通过。特朗普表示将就这项法案进行谈判，他对这项法案的某些方面并不满意。特朗普称，参 议院多数党领袖约翰·图恩正在与他和其他人合作，这项法案需要几乎所有共和党人的投票。 ...

作者 | 第一财经 2025.05. 28 本文字数：1044，阅读时长大约2分钟 5月28日，美国三大股票指数集体小幅高开，随后窄幅震荡，截至23:50，道指跌0.33%，标普500指 数跌0.27%，纳指跌0.17%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | DJI | 道琼斯工业指数 | 42204.77 | -138.88 | -0.33% | | IXIC | 纳斯达克指数 | 19166.87 | -32.29 | -0.17% | | SPX | 标普500 | 5905.26 | -16.28 | -0.27% | | NDX | 纳斯达克100 | 21395.62 | -19.37 | -0.09% | | MAGS | 万得美国科技七巨头指数 | 51942.05 | -3.57 | -0.01% | 消息面上，美联储将于北京时间5月29日02:00（美东时间14:00）发布会议纪要。5月7日，美联储按 兵不动，维持联邦基金利率目标区间在4.25%—4.5%不变，符合市场预期。 据证券时报·e公司，美 联 ...

Market Overview - US stock market opened high but experienced a sharp decline, with all three major indices turning negative by the time of reporting [1] - Chinese concept stocks showed mixed performance, with major tech leaders generally declining; BYD fell over 4%, while Pinduoduo and Xiaomi dropped more than 3% [2][3] Key Stock Movements - Notable declines in Chinese stocks include: - BYD-ADR: $102.40, down 4.59% - Pinduoduo: $99.36, down 3.52% - Xiaomi-ADR: $32.57, down 3.09% - Tencent-ADR: $63.90, down 2.11% - JD.com: $31.90, down 1.98% - Alibaba: $117.20, down 1.94% - Meituan-ADR: $33.04, down 1.58% - NetEase: $124.12, down 0.14% [3] Cryptocurrency Market - The cryptocurrency market also saw a significant drop, with Bitcoin and Ethereum both declining over 1% [5] Federal Reserve and Economic Outlook - Expectations for Federal Reserve interest rate cuts have decreased, with market surveys indicating a lowered forecast for US stock market gains this year [8] - Concerns regarding the tax reform proposed by Trump are affecting investor sentiment, with potential implications for the US economy [8] Trade Negotiations - Ongoing trade discussions between the EU and the US are set to continue, focusing on tariff policies and cooperation in sectors such as aviation, semiconductors, and steel [10] - The EU trade commissioner indicated that dialogues are ongoing, with potential for new trade agreements in the near future [10]

Group 1: Market Overview - The US stock indices opened slightly higher on May 28, with the Dow Jones up 0.05%, S&P 500 up 0.01%, and Nasdaq down 0.03% [2] - Investor focus has shifted from trade war tensions to the latest tax reform bill in the US [2] - Major tech stocks showed mixed performance, with Nvidia down 0.2% ahead of its earnings report [2] Group 2: Trade War Developments - Signs of easing in the US tariff war emerged, with President Trump postponing high tariffs on the EU [3] - The EU and the US are engaged in ongoing discussions regarding tariff policies and cooperation in various sectors [3] - ASEAN leaders expressed concerns about the uncertainty brought by Trump's tariff plans and emphasized the need for trade diversification [3] Group 3: Tax Reform Concerns - The latest tax reform bill is projected to increase the US deficit by $3.8 trillion over the next decade, with $2.2 trillion occurring in the first five years [5] - Analysts from Deutsche Bank and Morgan Stanley highlighted the potential for the deficit to exceed 6% of GDP in the coming years due to the tax reform [5] - The tax reform is seen as a continuation of previous tax cuts, and failure to pass it could lead to significant tax increases and economic recession [5] Group 4: Nvidia's Earnings Report - Nvidia is set to release its earnings report, with analysts optimistic about a revenue expectation of $43.28 billion for the quarter, a 66% year-over-year increase [6] - The company's stock has risen over 40% since April, and the performance of its new Blackwell chip is a key focus for investors [6] - Concerns regarding Nvidia's gross margin due to rising costs from increased production capacity are also highlighted [6] Group 5: General Sentiment in Tech Sector - Overall, tech companies have reported strong earnings, contributing to a positive sentiment in the sector [7] - Nvidia's performance is expected to further solidify the overall trend in the tech sector if it continues to show strength [7]

Group 1: Market Overview - The three major U.S. stock indices opened slightly higher on May 28, with the Dow Jones up 0.05%, S&P 500 up 0.01%, and Nasdaq down 0.03% [1] - Investor focus has shifted from trade war tensions to the latest U.S. tax reform bill, with significant attention on Nvidia's upcoming earnings report [1][10] - Major tech stocks showed mixed performance, with Nvidia down 0.2% ahead of its earnings release [1] Group 2: Trade War Developments - Recent signals indicate a de-escalation in the U.S. trade war, including President Trump's postponement of high tariffs on the EU [5] - The ASEAN leaders expressed concerns over the uncertainty brought by U.S. tariffs and emphasized the need for trade diversification [5] - Current baseline tariffs are at 10%, with potential reductions for countries providing favorable conditions [5] Group 3: Tax Reform Concerns - The latest U.S. tax reform bill is projected to increase the deficit by $3.8 trillion over the next decade, with $2.2 trillion (approximately 58%) occurring in the first five years [8] - Analysts from Deutsche Bank and Morgan Stanley highlight that the deficit will remain above 6% of GDP in the coming years, with the tax reform contributing to this increase [9] Group 4: Nvidia's Earnings Expectations - Nvidia is set to release its earnings report, with analysts expecting revenue of $43.28 billion for the quarter, a year-over-year growth of 66% [11] - The anticipated net profit is around $19 billion, reflecting a 31% increase, although this growth rate is significantly lower than the previous year's 260% [11] - Market attention is on the supply situation of Nvidia's new Blackwell chips and its performance in the Middle East and China [11]

【文/观察者网 阮佳琪】 当地时间27日，据美国哥伦比亚广播公司（CBS）报道，重返SpaceX工作的马斯克表示，获得总统特朗 普大力支持的一项大规模税收与支出法案，上周在美国国会众议院通过，这让他感到非常"失望"。 他说，"坦白讲，看到这项法案我很失望，它不仅没有减少预算赤字，反而增加了赤字，还削弱了政府 效率部（DOGE）的工作成果。" 报道称，马斯克所指的是，被特朗普称为"大而美"的税改法案（One Big Beautiful Bill）。上周四（22 日），共和党人占多数的美国国会众议院，以一票之差的微弱优势（215票赞成、214票反对）通过了这 项法案。 这项法案将延长特朗普在其首届任期通过的企业和个人减税措施，同时增加国防支出，并为打击非法移 民提供更多资金。根据美国国会预算办公室的评估，该法案的税收条款将在2034年前使赤字增加3.8万 亿美元。 马斯克对此无奈道，"我认为，一项法案它可以'大'，也可以'美'。但我不知道它能否两者兼具。这是我 的个人观点。" 美媒称，马斯克的这番言论，似乎与力挺这项法案的特朗普"存在巨大分歧"，后者在庆祝众议院通过法 案时，将之称为"美国历史上签署的最重要的立法 ...

Core Viewpoint - The U.S. Senate is facing unprecedented challenges regarding the fiscal capacity of the government as it works on a multi-trillion dollar tax reform and spending plan proposed by President Trump, with the debt ceiling increase tied to this significant economic legislation [1][2] Group 1: Legislative Challenges - The tax reform bill is undergoing lengthy scrutiny in the Senate, with Republican lawmakers indicating substantial modifications will be made before passage [1][2] - The House version of the bill narrowly passed, suggesting potential turbulence when the revised bill returns for approval [1][2] Group 2: Market Reactions - As the potential default deadline approaches, political maneuvering may incite market panic, with Treasury Secretary warning of exhausting borrowing capacity by August if the debt ceiling is not raised [2] - Short-term Treasury bond prices have declined, with yields on bonds maturing in August reaching 4.34% [2] Group 3: Internal Republican Dynamics - The ability to raise the debt ceiling hinges on whether Republicans can reach consensus on the tax reform proposal, with Senate leaders acknowledging the difficulty of securing majority votes by July 4 [3] - There are conflicting views within the party regarding tax cuts and spending reductions, complicating the legislative process [3][4] Group 4: Proposed Modifications - Some senators are advocating for the permanent extension of certain tax cuts, while others are pushing for increased tax credits, which could heighten fiscal pressure and lead to more stringent spending cuts [4] - The debate includes contentious issues such as state and local tax deductions, with some lawmakers threatening to withdraw support unless their demands are met [4] Group 5: Democratic Opposition - Although Democrats are excluded from the budget reconciliation process, they can challenge non-fiscal provisions in the bill, potentially prolonging the legislative review [5] - Democratic senators are actively opposing the bill, citing numerous policy contents that do not comply with Senate rules [5]

Group 1 - The Trump administration has paused the plan to establish a sovereign wealth fund, shifting focus to debt repayment [1] - The initial plan involved creating one of the largest sovereign wealth funds globally, funded by monetizing government assets for strategic investments [1] - Legal, financial, and political obstacles have led to a decline in priority for the sovereign wealth fund, with a simpler investment mechanism being considered instead [1] Group 2 - The new tax reform proposal is expected to increase economic growth, which may help reduce the debt-to-GDP ratio [2] - The administration is optimistic about the U.S. debt structure, anticipating that economic growth will resolve many concerns [2] - A GDP growth rate exceeding 3% is predicted for the next year [2]