Core Insights - Disney reported a 2.1% year-over-year revenue increase to $23.65 billion for Q3 of fiscal year 2025, with net income rising 100.76% to approximately $5.26 billion [1] - The earnings per share (EPS) increased to $1.61, surpassing market expectations of $1.46 [1] - The entertainment segment generated about $10.70 billion in revenue, up 1%, while the experience segment saw an 8% increase to approximately $9.09 billion [1] Revenue Breakdown - Theme parks reported a 13% profit increase to $2.52 billion, highlighting the importance of this segment to Disney's overall performance [1] - Streaming services generated a profit of $346 million during the quarter [1] - However, traditional television networks and sports revenue fell short of Wall Street expectations, with sports segment revenue at approximately $4.31 billion, down 5% [1] Strategic Developments - Disney has initiated a multi-billion dollar global theme park expansion plan, which includes projects in the U.S., Japan, and China, indicating the significance of the park business [1] - The Shanghai Disney Resort is expanding with a new Spider-Man themed area, marking the ninth themed area since its opening in June 2016 [2] Streaming Business Insights - The decline in traditional television viewership is leading to a shift towards streaming, with Disney's streaming business expected to be a future focus [4] - Disney owns several media brands, including ESPN, ABC, Marvel, Disney+, and Hulu, with Hulu employing a mixed revenue model that enhances Disney's streaming competitiveness [4] User Metrics - Disney+ had approximately 57.8 million paid subscribers in the U.S. and Canada, remaining stable quarter-over-quarter, while international subscribers reached about 69.9 million, a 2% increase [5] - Hulu's total subscription count was approximately 55.5 million, reflecting a 1% quarter-over-quarter growth [5] - Disney forecasts an annual EPS of $5.85, exceeding previous expectations of $5.75 [5]

1. 8月6日(周三)美股盘前，美股三大股指期货齐涨。截至发稿，道指期货涨0.35%，标普500指数期货涨0.24%，纳指期货涨 0.23%。 2. 截至发稿，德国DAX指数涨0.02%，英国富时100指数涨0.20%，法国CAC40指数涨0.28%，欧洲斯托克50指数涨0.22%。 3. 截至发稿，WTI原油涨1.63%，报66.22美元/桶。布伦特原油涨1.52%，报68.67美元/桶。 | 瑞 伦敦布伦特原油 | 2025年10月 | 68.67 | 68.81 | 67.65 | +1.03 | +1.52% | | --- | --- | --- | --- | --- | --- | --- | | 雪 WTI原油 | 2025年9月 | 66.22 | 66.34 | 65.12 | +1.06 | +1.63% | 市场消息 降息预期凌乱，华尔街投行"吵"起来。美国"非农"数据暴雷令美联储降息预期飙升，但本周华尔街知名投行对降息分歧却在加 大。高盛、花旗均认为，9月或激进降息，摩根大通甚至认为今年可能降息125个基点。然而，美银认为今年美联储或按兵不 动，巴克莱和汇丰同样态度谨慎。未来几个月将 ...

Market Overview - US stock index futures are all up ahead of the market opening, with Dow futures rising by 0.35%, S&P 500 futures up by 0.24%, and Nasdaq futures increasing by 0.23% [1] - European indices also show positive movement, with Germany's DAX up by 0.02%, UK's FTSE 100 up by 0.20%, France's CAC40 up by 0.28%, and the Euro Stoxx 50 up by 0.22% [2][3] - WTI crude oil prices increased by 1.63% to $66.22 per barrel, while Brent crude oil rose by 1.52% to $68.67 per barrel [3][4] Economic Insights - There is a growing divergence among Wall Street investment banks regarding interest rate cuts, with Goldman Sachs and Citigroup suggesting aggressive cuts in September, while Bank of America and Barclays remain cautious [4] - The upcoming months are critical for determining the Federal Reserve's interest rate decisions, especially if employment and inflation data continue to show weakness [4] - Concerns about the credibility of government data have arisen following President Trump's criticism of employment data, which could impact the TIPS market significantly [5] Company News - Supermicro (SMCI.US) reported a 7.5% year-over-year increase in Q4 sales to $5.76 billion, but this fell short of market expectations of $6.01 billion, leading to a nearly 17% pre-market drop [7][8] - AMD (AMD.US) saw a 32% year-over-year revenue increase to $7.7 billion in Q2, but its adjusted earnings per share of $0.48 fell below expectations, resulting in a nearly 6% pre-market decline [8] - Novo Nordisk (NVO.US) reported a 32% year-over-year increase in net profit for Q2, driven by strong sales of its semaglutide products, which generated $16.68 billion in revenue [9] - Honda (HMC.US) adjusted its full-year guidance upward despite a 1.2% year-over-year decline in Q1 revenue, anticipating a reduction in tariff-related losses [10] - McDonald's (MCD.US) reported a 5.4% year-over-year revenue increase in Q2, exceeding expectations, with same-store sales growth driven primarily by higher customer spending [11] - Uber (UBER.US) exceeded revenue expectations for Q2, reporting $12.65 billion, and provided a positive outlook for Q3 [11] - Disney (DIS.US) reported Q3 earnings that surpassed expectations, although traditional TV revenue fell short, overshadowing strong performance in theme parks and streaming [12] - Lucid (LCID.US) reported a Q2 adjusted loss of $0.24 per share, below expectations, and lowered its annual production guidance to 18,000-20,000 vehicles [13] - Snap (SNAP.US) experienced a significant drop in advertising revenue growth, leading to a nearly 18% pre-market decline following its Q2 earnings report [13]

欧洲股市回吐此前涨幅，美国股指期货小幅上涨，投资者正在评估美国总统唐纳德・特朗普最新的关税 威胁、令人失望的经济数据以及大量企业盈利报告。 斯托克欧洲 600 指数在上涨 0.4% 后变动不大，原 因是该地区一些大型企业的业绩喜忧参半。标准普尔 500 指数期货上涨约 0.3%，交易员们正等待麦当 劳和华特迪士尼等公司的盈利报告。 周二的数据显示，美国服务业表现疲软，同时物价压力居高不 下，这引发了人们对美联储政策挑战的担忧。特朗普加大了关税攻势，称他将对从俄罗斯购买能源的国 家加征关税，并很快宣布对半导体和药品进口征收关税。尽管如此，强劲的企业盈利和对降息的押注目 前仍在提振股市。 XBT 研究总监凯瑟琳・布鲁克斯表示："总体而言，大西洋两岸不错的企业盈利对股 市形成支撑，这在一定程度上缓解了人们对美国经济放缓以及特朗普总统对关税的持续痴迷给全球经济 带来影响的担忧。" 美国股市接近历史高点，原因是在数据显示经济增长可能放缓之际，投资者重新涌 入科技巨头和人工智能相关交易。高盛集团宏观交易员保罗・斯基亚沃内表示，押注市场势头逆转 "几 乎显得不合理"。 瑞银财富管理首席投资官马克・黑费勒表示，任何抛售都将为 ...

Market Overview - Major indices in China opened lower, with the Shanghai Composite Index down 0.05%, Shenzhen Component down 0.14%, and ChiNext down 0.32% [1] - The A-share financing balance has risen to around 2 trillion, reflecting a broad source of incremental funds, including public and private institutions [4] External Market - US stock indices closed lower, with the Dow Jones down 0.14%, S&P 500 down 0.49%, and Nasdaq down 0.65% [3] - Notable Chinese concept stocks showed mixed performance, with gains in companies like Zai Lab and Futu Holdings [3] Sector Insights - Huaxi Securities suggests that the current market liquidity is sufficient to support a slow bull market in A-shares, with a focus on new technologies and growth sectors such as AI computing and solid-state batteries [4] - Galaxy Securities highlights the accelerating commercialization of AI in education and human resources, with significant sales figures reported for AI-driven products [5] - Haitong Securities emphasizes opportunities in data center hardware, drawing parallels with the early growth of the lithium battery sector in the electric vehicle industry [6] - CICC notes a significant acceleration in the vertical extension of IP in the media industry, urging investors to reassess the potential of the IP derivative market [8] - CITIC Securities maintains a positive outlook on the home appliance industry, driven by government subsidies and high demand for air conditioning during summer [9]

证券日报网讯汤姆猫（300459）8月5日在互动平台回答投资者提问时表示，公司努力发展主营业务提升 公司质量的同时，也十分重视公司的投资者关系管理与信息披露工作，通过投资者热线电话、电子邮 箱、深交所互动易平台、业绩说明会、投资者交流会等多种形式有效加强与广大投资者的沟通与交流， 并持续强化信息披露质量和透明度，以增进投资者对上市公司的了解。 ...

Group 1 - The recent weak employment report from the U.S. Labor Department led to a significant market rally, with the S&P 500 and Nasdaq experiencing their largest single-day gains since May, reflecting a "bad news is good news" sentiment among traders [1] - The anticipation of a dovish shift from the Federal Reserve has increased, with the probability of a rate cut in September soaring to 95%, and speculations of multiple rate cuts by the end of 2025 [1][2] - Major tech stocks like Nvidia and Meta are driving the market higher, while smaller stocks and cyclical stocks struggle to keep pace, indicating a disparity in market performance [2] Group 2 - The market's optimism is contrasted by geopolitical uncertainties, such as threats from former President Trump regarding tariffs on India, which could impact oil supply and market stability [3] - The dismissal of key figures at the Bureau of Labor Statistics and the Federal Reserve raises concerns about the credibility of economic data and the independence of these institutions [3] - Over 100 S&P 500 companies are set to report earnings this week, and their performance will be crucial in determining market direction, with potential risks if profit margins begin to compress [4] Group 3 - The upcoming supply of over $125 billion in long-term U.S. Treasury bonds poses a potential stress test for the market, as it could impact liquidity and investor sentiment [3][5] - Despite the current market exuberance, there are underlying concerns about volatility and asset correlation, suggesting that the market may face significant challenges ahead [5]

Group 1: Market Performance - The three major US stock indices opened higher, with the Dow Jones up 0.37%, Nasdaq up 0.99%, and S&P 500 up 0.62% [1] - Tesla shares rose over 2% after the company approved a stock award of 96 million shares to Elon Musk [1] - Spotify shares increased over 5% as the company plans to raise subscription fees in certain regions starting in September [1] Group 2: Company News - Tesla approved the grant of 96 million restricted stock units to Elon Musk, allowing him to purchase shares at $23.34 each, with vesting contingent on his role as CEO or in product development [6] - Sohu reported Q2 revenue of $126 million, with a significant reduction in net loss to $20 million compared to $34 million in the same period last year [7] - Tyson Foods reported Q3 sales of $13.884 billion, a 4% year-over-year increase, and adjusted EPS of $0.91, up 5% from the previous year, exceeding market expectations [9] Group 3: Industry Insights - The four major tech giants, Alphabet, Microsoft, Meta, and Amazon, have collectively spent $172 billion on capital expenditures this year, primarily for AI data center investments [5] - Goldman Sachs maintained its oil price forecast, expecting Brent crude to average $64 per barrel in Q4 2025 and $56 in 2026, despite risks from supply disruptions and potential demand declines due to US economic conditions [3]

Group 1 - Disney is set to release its Q3 earnings report for fiscal year 2025, with expected revenue of $23.75 billion and adjusted EPS of $1.48, both showing growth compared to the previous year [1] - The company's experience segment, which includes theme parks, resorts, and cruises, is anticipated to maintain strong demand [1] - In Q2 of fiscal year 2025, Disney reported revenue of $23.6 billion, a 7% year-over-year increase, and adjusted EPS of $1.45, a 20% increase from the previous year [1] Group 2 - UBS analysts raised Disney's target price from $120 to $138, citing robust demand for theme parks and improving profitability in the streaming business ahead of ESPN's new service launch [2] - Jefferies analysts emphasized that the upcoming quarter is crucial for shaping Disney's market narrative for the next two years, maintaining a "buy" rating with a target price of $144 [2] - Analysts are optimistic about Disney's future prospects due to strong trends in theme parks, new cruise capacity, and a robust content pipeline, along with the potential upside from full ownership of Hulu [2]

数据新闻编辑陈华罗实习生吴雨航新媒体设计苗奇卉校对李立军 想找暑假实习吗？谷歌、微软、亚马逊、高盛、路易威登……这些名企都能去，心动吗？ 但心动是有条件的，你可能需要花上万元的实习费才能进入公司。而且即便是花了几万元，也不一定能顺利实习，因为也有可能是诈骗。 没钱买实习岗位是吧，没关系，人先来，可以办一个贷款，然后再慢慢还。没有岗位要求的能力也没关系，可以先花钱培训，培训完给你安排实习。工作 没找到，就先给培训中介交一笔钱，或者背了一身贷。 这样的现象并不是个例，中国青年报社会调查中心曾对全国高校学生开展专项调查，结果显示68.2%的受访者表示身边同学有过实习权益受损经历。 付费实习、倒贴钱上班、中介欺诈、实习诈骗……这些实习骗局是如何编造出来的？"十个付费实习九个坑"，为什么还有这么多大学生中圈套？他们的权 益该如何保护？ 就业竞争激烈 大学生实习低年级化 "要求应届生，但最好有工作经验"，被很多人调侃看似矛盾的招聘要求，其实是对毕业生提出要有实习经验的要求。 根据中国教育部和人力资源社会保障部2024年11月公布的数据，2025届中国大陆高校毕业生规模预计1222万人，同比增加43万人。随着大学毕业生人数 ...