Core Viewpoint - The article discusses the significant market downturn in the U.S. stock market, driven by fears of a trade war initiated by President Trump, leading to a reassessment of economic outlooks, inflation trends, interest rates, and corporate earnings [3]. Economic Data Focus - Key economic data to watch includes the U.S. Consumer Price Index (CPI) report for March, which is expected to influence market volatility if it exceeds expectations [3][4]. - The Producer Price Index (PPI) and the University of Michigan Consumer Sentiment Index will also be released, with particular attention to inflation expectations [3][4]. Company Earnings Reports - The earnings season is approaching, with major companies like JPMorgan, Wells Fargo, Morgan Stanley, BlackRock, and Delta Air Lines set to report their results, which will provide insights into consumer and corporate demand [5]. Cal-Maine Foods - Cal-Maine Foods is expected to report a significant increase in earnings, with estimates suggesting a rise of over 250% year-over-year, driven by a shortage in egg supply and strong demand [6][8]. - The projected earnings per share (EPS) for Cal-Maine is $10.75, up from $3.01 in the same quarter last year, with quarterly revenue expected to grow by 102% to $1.42 billion [8]. - Despite recent declines in egg prices due to softening consumer demand, the company remains optimistic due to ongoing supply issues from avian influenza [8][10]. Delta Air Lines - Delta Air Lines faces a challenging outlook, with analysts downgrading earnings forecasts due to a weakening economy affecting consumer spending [11][13]. - The expected EPS for Delta is $0.44, reflecting a slight decline of 2% year-over-year, with revenue anticipated to grow by 7% to $13.6 billion [13]. - The airline's stock has seen a significant drop of 38.4% year-to-date, and concerns about its financial health are reflected in a moderate rating of 5.9 out of 10, primarily due to issues with its balance sheet and cash flow [15].

Company Overview - Tianjin Tianji Low Altitude Technology Development Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The company is wholly owned by Tianjin Dicheng Construction Investment Co., Ltd. [1] Business Scope - The business scope includes technology services, development, consulting, and transfer, as well as aviation operation support services [1] - The company is involved in the manufacturing and sales of intelligent unmanned aerial vehicles (UAVs) [1] - Additional services include satellite communication, artificial intelligence application system integration, and information technology consulting [1] Regulatory and Operational Details - The company is classified under the national standard industry of transportation, storage, and postal services, specifically in the aviation transportation sector [1] - The operational address is located in Baodi District, Tianjin [1] - The business license allows for various activities, including general aviation services and civil aviation maintenance training, subject to regulatory approval [1]

Group 1: Market Operations - The central bank conducted a 7-day reverse repurchase operation of 35.9 billion yuan at a fixed rate of 1.5% on March 13, with 104.5 billion yuan of reverse repos maturing, resulting in a net withdrawal of 68.6 billion yuan for the day, marking three consecutive days of net withdrawal [2][3] Group 2: Funding Conditions - The interbank funding market remained stable, with overnight repo rates around 1.75%, while the overnight borrowing rates for credit bonds from non-bank institutions also maintained similar levels. The latest overnight financing rate in the US was reported at 4.32% [3][4] Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market was around 1.96%, showing a significant decline compared to the previous day [5] Group 4: Bond Market Trends - The performance of major interbank interest rate bonds showed divergence, with short-term bonds performing slightly better while medium to long-term bonds weakened. Specific yields included 1-year at 1.57%, 3-year at 1.56%, and 10-year at 1.84% [7] Group 5: Treasury Futures - Treasury futures closed mixed, with the 30-year main contract up by 0.04%, the 10-year up by 0.03%, while the 5-year and 2-year contracts fell by 0.02% and 0.03% respectively [9] Group 6: Bond Issuance and Events - Notable bond issuance included the issuance of $500 million senior unsecured bonds by the Bank of China Panama branch and Baidu's completion of a $2 billion zero-coupon convertible bond issuance. Additionally, Henan Province successfully issued 6.742 billion yuan in government bonds [13][14]

淘天称今年双 11 投入力度近年最大。 包括 300 亿元消费券及红包和 30 亿元商家支持补贴，流量投入超百亿。 阿里（9988.HK）集团副总裁、天猫事业部总裁、天猫总裁家洛在媒体沟通会上说，今年国庆假 期，很多大型国际品牌的线下销售并不好，有的同比下滑十几个百分点，但同样的品牌却在线上和 天猫增长很好；消费环境也带来一些明显的消费特征变化，比如大家日常的消费没那么自如随意， 更愿意在优惠大的时候集中囤货，加之政府补贴首次被引入双 11，让今年双 11 背负更多商家和平 台期待。 今年双 11 的另一大变化是简化了红包、消费券的计算规则，将商品实际到手价直接显示在消费者 浏览的商品页，消费者不用再算数学题，方便网购不熟练的用户，也方便直接比价。家洛称比价和 "贵必赔" 是希望把定价权还给商家，让各个平台的价格稳定、齐平，不形成行业的额外 "内卷"。 全球最大药企礼来投资 15 亿元增产苏州工厂。 全球最大市值药企礼来公司宣布，将投资约 15 亿元人民币用于其苏州工厂的产能升级，扩大 2 型 糖尿病和肥胖创新药物的生产规模，以满足中国患者需求，并支持未来管线产品的生产。自 2022 年起，礼来在 2 型糖尿 ...