2025.08. 06 本文字数：1080，阅读时长大约2分钟 作者 | 第一财经 胡弋杰 当地时间5日，美股主要股指普遍下跌，投资者评估企业财报中对贸易政策的密集表态，同时消化服 务业数据持续走弱所释放的增长放缓信号。 截至收盘，道琼斯工业平均指数下跌61.90点，报44111.74点，跌幅0.14%；标普500指数下跌 30.75点，报6299.19点，跌幅0.49%；纳斯达克综合指数下跌137.03点，报20916.55点，跌幅 0.65%。 美股 全市场超4700只个股下跌。 大型科技股普遍下跌，微软、Meta、博通跌超1%，英伟达跌近1%；英特尔逆势上涨超3%，亚马逊 涨近1%。 中概股方面，纳斯达克中国金龙指数收跌0.56%。小鹏汽车、哔哩哔哩涨超2%，百度、蔚来跌超 2%。 随着财报季的展开，部分公司在业绩中直接提及贸易关税带来的负面影响。百胜餐饮第二季度盈利未 达预期，称"巨额关税正抑制消费需求"，股价下跌5.1%。卡特彼勒则警告，美国关税将在下半年构 成重大挑战，并可能在2025年造成高达15亿美元的损失。 U.S. Bank首席股票策略师特里·桑德文（Terry Sandven）表示："我 ...

U.S. Bank首席股票策略师特里·桑德文（Terry Sandven）表示："我们尚未看到关税对盈利造成实质性打 击，但其威胁正在积聚。"他认为，当前走势反映出投资者整体偏向"观望"，虽然年内标普500仍上涨超 7%，但新增不确定性促使部分资金从高位回撤。 当天美国总统特朗普再度放出关税信号，称最早将于下周公布针对半导体和芯片的新关税，并暗示对药 品关税将逐步上调至更高水平。 *三大指数集体收跌，英特尔逆势涨超3% *美国ISM服务业指数降至50.1 *特朗普：最快于下周公布针对药品和芯片的关税 当地时间5日，美股主要股指普遍下跌，投资者评估企业财报中对贸易政策的密集表态，同时消化服务 业数据持续走弱所释放的增长放缓信号。 截至收盘，道琼斯工业平均指数下跌61.90点，报44111.74点，跌幅0.14%；标普500指数下跌30.75点， 报6299.19点，跌幅0.49%；纳斯达克综合指数下跌137.03点，报20916.55点，跌幅0.65%。 大型科技股普遍下跌，微软、Meta、博通跌超1%，英伟达跌近1%；英特尔逆势上涨超3%，亚马逊涨 近1%。 中概股方面，纳斯达克中国金龙指数收跌0.56%。小 ...

格隆汇8月6日丨百福控股(01488.HK)发布公告，卖方(公司的全资附属公司)与买方(即杜鸣先生、顾东生 先生及魏传发先生)订立日期为2025年7月31日的协议，据此，卖方同意出售而买方同意购买销售股权 (相当于目标公司1.71%股权)，总代价为人民币4800万元。完成发生于2025年8月5日。完成前，集团持 有目标公司约17.16%股权。完成后，集团持有目标公司约15.46%股权，而目标公司继续作为集团的联 营公司入账。 目标公司(即广州遇见小面餐饮股份有限公司)是一家领先且快速发展的现代中式面馆运营商，于2014年 在广州成立，旗下运营"遇见小面"品牌，专注于川渝风味面食，业务遍布中国大陆及中国香港地区。于 本公告日期，淮安市创韬企业管理合伙企业(有限合伙)(由宋奇先生及苏旭翔先生分别持有66.67%及 33.33%权益)持有约49.04%权益、卖方持有17.16%权益、CGVCAP1及CGVCAP2合共持有9.06%权益、 买方B持有7.73%权益，而其他股东则各自持有3.01%至6.50%不等的权益。 目标公司是一家在中国大陆及中国香港地区经营川渝风味连锁面馆的餐饮企业。据弗若斯特沙利文报告 显示， ...

Core Viewpoint - The restaurant industry in Jinan is experiencing a trend of cross-industry expansion, with beverage shops and hot pot restaurants diversifying their offerings to include light meals and snacks, responding to consumer demand for convenience and health-conscious options [2][3][4]. Group 1: Beverage Shops - Beverage shops like Tims and Luckin Coffee are expanding their food offerings, introducing items such as bagels, farmer rolls, and light meal boxes to cater to busy consumers seeking healthy lunch options [3]. - Tims has launched a "light meal" series that includes healthy lunch boxes, appealing to consumers looking for quick and nutritious meals [3]. - Luckin Coffee has created a "dessert and light meal" section in its ordering app, featuring affordable items priced under 10 yuan, enhancing its appeal to cost-conscious customers [3]. Group 2: Hot Pot Restaurants - Hot pot restaurants, particularly Haidilao, are also venturing into new product lines, such as "one-person meal" takeout options, which have become very popular, accounting for 60% of total orders in some locations [4]. - Haidilao is set to open a fried chicken store in Jinan, marking its first foray into this category, which has generated significant interest among consumers [4]. - The introduction of diverse products, including various flavors of fried chicken and snacks, reflects Haidilao's strategy to innovate and attract younger customers [4]. Group 3: Market Strategy - The cross-industry trend is driven by brands seeking to reconstruct consumer experiences and innovate products to tap into existing market potential [6]. - Haidilao's "Pomegranate Plan," set to launch in August 2024, aims to incubate new restaurant brands and promote service innovation within the industry [6]. - Experts suggest that the trend of cross-industry expansion will continue to evolve, focusing on health-conscious dining and segmented consumer experiences, posing challenges for brands to maintain quality and brand identity while meeting consumer needs [6].

Market Performance - The Dow Jones Industrial Average closed down by 0.1% [1] - The S&P 500 index fell by 0.49% [1] - The Nasdaq Composite dropped by 0.65% [1] Company Highlights - Pfizer (PFE.N) saw an increase of 5% [1] - Coinbase (COIN.O) experienced a decline of 6.3% [1] - Microsoft (MSFT.O) and Meta Platforms (META.O) both fell by over 1% [1] Chinese Stocks - The Nasdaq Golden Dragon China Index decreased by 0.56% [1] - Yum China (YUMC.N) dropped by 6% [1] - NIO Inc. (NIO.N) fell by 2% [1]

河南日报社三农全媒体中心记者 曹怡然 见习记者 高磊 通讯员 李满 消费市场活力迸发，结构持续优化。上半年，南阳市消费品市场运行呈现"总量扩张、结构优化、活力增强"的良好状态。限上贸易企业实现零售额248.01亿 元，同比增长13.0%，占社会消费品零售总额比重较2024年提升3.6个百分点。城镇消费贡献突出，限额以上城镇零售额增长14.6%，家电、金银珠宝等品质 商品销售激增；乡村市场增速达10.9%，农产品上行与工业品下乡双向流通格局加速形成。商品零售与餐饮服务协同增长，限上商品零售额增长14.4%，餐 饮收入增长13.3%，消费融合态势凸显。 南阳市认真贯彻落实2025年国家、省消费品以旧换新政策要求，加力扩围实施"两新"政策，截至目前，已完成兑付4.1亿元，惠及消费者74.6万人次，带动消 费48.3亿元。上半年南阳市累计推出55期政府消费补贴2140万元，成功拉动消费2.4亿元。通过"惠享南都"系列活动精准施策激发消费潜力。 面对外部挑战，南阳市外贸企业积极拓展多元化市场。南阳市新增外贸企业114家，积极组织企业参加各类展会，将南阳市重点参加的10个境外展会列为一 类和二类展会，享受90%和70%展 ...

据央视新闻，美国总统特朗普于美国东部时间8月5日，接受了美国消费者新闻与商业频道（CNBC）采访。 在谈及对印度关税时，特朗普发出"威胁"，将在未来24小时内大幅提高印度关税。 特朗普并没有明确提到对印度的新关税税率。 在采访中，特朗普表示，可能很快宣布美联储新任主席。 他表示已将潜在的未来美联储主席范围缩小到四名候选人，该名单不包括财政部长斯科特·贝森特。 特朗普称瑞士靠制药业赚得盆满钵满，将在未来一周内宣布药品关税。药品关税最初将很小，最终将达到250%。 "一年，最多一年半，税率将升至150%，之后将升至250%，因为我们希望药品在我们国家生产。"但他没有透露药品的初始关税税率是多少。 特朗普表示，他还将在"下周左右"宣布对半导体和芯片征收关税，但未详细说明。 在谈及对欧盟关税问题时，特朗普称，如果欧盟不履行义务，将对欧盟征收35%的关税。 此前一天，4日，特朗普在其社交媒体"真实社交"发文表示，印度不仅大量购买俄罗斯石油，还将其中大部分石油在公开市场上出售，牟取暴利。因此， 他将大幅提高印度向美国缴纳的关税。 市场方面，美股开盘三大指数齐涨。截至发稿，道指涨0.26%，纳指涨0.21%，标普500涨0 ...

Market Movements - As of August 5, U.S. stock index futures showed mixed results, with Dow futures down 0.01%, S&P 500 futures up 0.19%, and Nasdaq futures up 0.29% [1] - European indices also saw positive movements, with Germany's DAX up 0.77%, UK's FTSE 100 up 0.54%, France's CAC 40 up 0.21%, and the Euro Stoxx 50 up 0.34% [2][3] - WTI crude oil fell by 0.89% to $65.70 per barrel, while Brent crude oil decreased by 0.76% to $68.24 per barrel [3][4] Market News - MUFG reported that the U.S. non-farm payrolls for July were significantly below expectations, leading to increased bets on interest rate cuts by the Federal Reserve, with a 90% probability for a rate cut in September [4][5] - San Francisco Fed President Mary Daly indicated support for potential rate cuts, suggesting that the Fed may need to cut rates more than twice this year [5] - Wall Street analysts warned of a possible market correction due to high stock valuations and deteriorating economic data, with predictions of a 10% to 15% correction [6] - Jefferies noted that a shift in market dynamics could favor small-cap stocks over large-cap tech stocks during the Fed's rate-cutting cycle [7] Company-Specific News - Palantir reported a quarterly revenue exceeding $1 billion for the first time, with a 48% year-over-year growth, driven by strong government and commercial orders [9] - Pfizer's Q2 revenue grew by 10% to $14.65 billion, exceeding expectations, and the company raised its full-year profit guidance [10] - BP's Q2 profit surpassed expectations at $2.35 billion, and the company announced a dividend increase and a comprehensive business review under new leadership [11] - Yum China reported a 14% increase in operating profit, reaching $304 million, with a net addition of 336 stores in Q2 [12] - Diageo's FY2025 sales slightly declined but showed better-than-expected organic sales growth of 1.7%, while the company plans to further cut costs [13] Economic Data and Events - The U.S. ISM Non-Manufacturing PMI for July is scheduled for release at 22:00 Beijing time [14]

Core Insights - Starbucks is in discussions to sell 70% of its stake in Starbucks China, with each buyer holding no more than 30% [1] - Starbucks will retain 30% of Starbucks China, remaining the majority shareholder [1] - Currently, Starbucks is evaluating bids, transaction structures, and post-acquisition value creation plans from potential buyers [1] - Nine institutions have confirmed participation in the second round of bidding, with the highest valuation for the equity stake reaching $10 billion [1] - The final list of potential buyers is expected to be revealed within two months [1]

Core Viewpoint - Goldman Sachs is preparing to acquire the ice cream manufacturer Froneri for an estimated valuation of €15 billion (approximately ¥120 billion), which includes the iconic Häagen-Dazs brand as a significant asset [4][5]. Company History - Häagen-Dazs was founded in 1961 by Reuben Mattus, who aimed to create a premium ice cream brand free from additives, targeting high-end markets [7][9]. - The brand quickly gained popularity, opening its first store in Brooklyn in 1973, positioning itself as a luxury product priced five times higher than regular ice cream [9]. - Over the years, Häagen-Dazs underwent multiple ownership changes, including acquisitions by Pillsbury, Diageo, General Mills, and Nestlé, leading to its current operation under Froneri [10][11][12]. Current Market Situation - Häagen-Dazs is facing significant challenges in the Chinese market, with a reduction in store numbers from over 400 to 263 and a decline in customer traffic by double digits [15][17]. - The brand's high pricing strategy is being challenged by local competitors and changing consumer preferences, leading to a decrease in demand for premium ice cream [17][18]. - General Mills reported a 5% decline in net sales for the third quarter of fiscal 2025, with international markets, particularly China and Brazil, being major contributors to this downturn [17]. Strategic Moves - General Mills is considering selling its Häagen-Dazs business in China, with potential transaction values estimated between $500 million and $800 million, as part of a strategy to divest low-profit assets [14][18]. - The trend of divesting underperforming assets is not unique to Häagen-Dazs; other brands like Starbucks and Decathlon are also exploring similar strategies in response to intensified competition in the Chinese market [20][21]. Investment Opportunities - The current environment presents a unique opportunity for investors to acquire undervalued consumer brands, as many companies are looking to offload assets amid economic challenges [24][25]. - The consumer sector is traditionally viewed as resilient, making it an attractive area for investment during economic downturns, with significant interest from private equity firms in acquiring international brands' operations in China [25][26].