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。 ...

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 ...

美国财政部长贝森特已向国会预警，如果届时债务上限未得到提高或暂停，美国很可能在8月耗尽举 债能力。短期国债投资者闻风而动，8月到期的国债价格明显走低(其中8月21日到期的债券收益率已 达4.34%)。 不过，华尔街分析师和私人预测机构认为，债务上限的最后期限，即所谓的"X日"，将在8月下旬至10 月中旬之间的某个时间到来。 一旦美国丧失举债能力，持有即将到期国债的投资者将首当其冲——政府将无法发行新债筹集偿债资 金。 共和党目前除税改法案外尚无备选方案来提高债务上限。他们需要通过削减社会保障支出和增加边境 执法资金等立法内容，来说服从未投票支持过提高债务上限的极端保守派通过该法案。如果转向民主 党求援，共和党势必在支出增加等政策让步上付出代价。 点击蓝字，关注我们 随着美国参议院着手对特朗普总统提出的数万亿美元税改与支出计划进行冗长修订，美国财政偿付能 力正面临前所未有的严峻考验。 国会共和党领袖将提高债务上限的条款捆绑在这项标志性经济法案中。这一政治策略虽然加速了优先 立法的进程，但也使避免债务违约的命运完全取决于后续复杂的立法博弈。 该税改法案不仅在参议院面临漫长审议，共和党议员更明确表示将在通过前进行大 ...

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]

Core Viewpoint - The U.S. government maintains a "strong dollar" policy, dismissing speculations about a shift towards a "weak dollar" or secret currency agreements [1][9][10]. Group 1: Strong Dollar Policy - Stephen Miran, Chairman of the White House Council of Economic Advisers, confirmed the commitment to a "strong dollar" policy, refuting any claims of secret currency agreements during trade negotiations [1][3][4]. - Following Miran's statements, the U.S. dollar index rose by 0.5% to 100.1216 before slightly retreating [2]. - Miran emphasized that the strong dollar is not just about exchange rates but also concerns the stability of the dollar system and its structural advantages as the global reserve currency [10]. Group 2: Trade and Economic Strategy - Miran addressed concerns regarding tariffs, economic deficits, and potential recession, stating that the recent market volatility is expected during policy adjustments [11][13]. - He noted that while companies might delay investments or hiring, this does not indicate an impending recession, but rather a temporary shift in timing [14]. - The administration is engaged in trade negotiations with over 20 countries, expecting to finalize multiple agreements in the coming months, which could significantly boost U.S. exports and help reduce the trade deficit [15]. Group 3: Fiscal Deficit and Tax Policy - Miran criticized the Biden administration for leaving behind a challenging fiscal situation while defending the current fiscal strategy [16][17]. - He argued that fiscal deficits should occur during genuine crises, not during stable economic periods, and that assessments of deficits should consider various factors beyond static evaluations [18]. - Despite market challenges, Miran expressed confidence in the administration's core economic strategy, which focuses on tax reform, deregulation, and energy independence [19][20].

Group 1 - Trump engaged in a heated debate with South African President Ramaphosa regarding claims of "white genocide" in South Africa, emphasizing the need for listening to South African voices [1] - The U.S. Department of Defense confirmed the acceptance of a Boeing 747 from Qatar for use as "Air Force One," ensuring compliance with federal regulations [1] - Trump is seriously considering the public listing of Fannie Mae and Freddie Mac, planning discussions with key financial officials [1] - The House Rules Committee approved Trump's comprehensive tax reform bill, which has now passed the House and will be submitted to the Senate [1] Group 2 - Trump's business empire faces a potential financial crisis due to a $115 million mortgage on Trump Tower, which is due in 46 days, raising concerns about his financial status and the impact of politics on it [2] - A "Trump Coin Dinner" is scheduled, inviting the top 220 holders of "Trump Coins," with the top 25 having a chance to visit the White House [2] - Trump commented on a shooting incident involving Israeli embassy staff in Washington, attributing it to anti-Semitism and calling for an end to hate and radicalism in the U.S. [2] Group 3 - The White House removed the official text record of Trump's speeches from its website, opting to provide video recordings instead to offer a more comprehensive impression of his addresses [3]