2025.12. 02 科技板块领涨。科技巨头涨多跌少：微软涨0.67%，亚马逊涨0.23%，苹果涨1.09%，英伟达涨 0.86%，Alphabet涨0.29%，Meta涨0.97%，英特尔涨8.65%，特斯拉跌0.21%。 纳斯达克中国金龙指数跌0.65%，报7808.98点。个股表现分化，小鹏汽车跌近8%，爱奇艺跌超 3%，蔚来与哔哩哔哩跌逾2%，理想汽车涨近1%。 波音大涨10.15%，因市场预期其明年737与787机型交付将显著回升。 其他个股方面，宝洁下跌1.07%，因公司称美国政府停摆将对其业务构成一定影响。华纳兄弟上涨 2.76%，因媒体报道公司收到包括奈飞在内的第二轮收购兴趣。 加密货币板块普遍反弹，MicroStrategy大涨3.92%，Coinbase上涨1.32%，此前比特币在周一录得 自2021年5月以来最大美元跌幅后掉头回升。 贝尔德公司投资策略师罗斯·梅菲尔德表示，当前市场正处于"美联储议息会议前的催化剂真空期"， 前一日的收益率波动和加密资产下跌短暂扰动情绪，但消费者在黑色星期五与网络星期一期间的强劲 表现，为整体市场提供了更多积极信号。 本文字数：1173，阅读时长大约2分 ...

芝加哥商品交易所（CME）美联储观察（ FedWatch）工具显示，市场对12月降息25个基点的预期升至 89.2%。 *美股小幅反弹迎接美联储议息 *科技板块普遍反弹 *波音大涨逾10%领跑道指 加密货币板块普遍反弹，MicroStrategy大涨3.92%，Coinbase上涨1.32%，此前比特币在周一录得自2021 年5月以来最大美元跌幅后掉头回升。 【市场概述】 贝尔德公司投资策略师罗斯·梅菲尔德表示，当前市场正处于"美联储议息会议前的催化剂真空期"，前 一日的收益率波动和加密资产下跌短暂扰动情绪，但消费者在黑色星期五与网络星期一期间的强劲表 现，为整体市场提供了更多积极信号。 近期多项经济数据指向经济正在逐步降温，美联储官员此前曾呼吁在降息问题上保持谨慎，以防通胀反 弹。不过，过去数日多名美联储官员发表更偏鸽派的讲话，市场关于12月降息的预期迅速升温。 根据芝加哥商品交易所（CME）美联储观察（ FedWatch）工具，市场目前预计美联储在下周会议降息 25个基点的概率为89.2%，显著高于一个月前的63%。周五将公布的PCE物价指数被视为美联储青睐的 通胀指标，结果或进一步影响政策判断。 周二， ...

Group 1: Leadership Changes - Boeing China President Liu Qing has recently retired, with Carol Shen appointed as the acting Managing Director, a position that previously did not exist [1] - Liu Qing, who took over as Boeing China President in 2023, had a background in government relations and leadership roles at Ford and Chrysler [1] - During Liu Qing's tenure, Boeing faced regulatory crises and strikes that impacted aircraft production and delivery [1] Group 2: Financial Performance - Boeing reported a 35% year-on-year revenue increase to $22.75 billion in Q2 2025, driven by a significant rise in commercial aircraft deliveries [2] - Despite the revenue growth, Boeing still recorded a net loss of $612 million in Q2, although this was a substantial improvement from a net loss of $1.439 billion in the same period last year [2] Group 3: Delivery and Orders - In Q2, Boeing delivered 150 commercial aircraft, a significant increase from 93 aircraft delivered in the same quarter last year, marking the highest delivery volume for that period since 2018 [3] - Boeing's production of the 737 model has increased to 38 units per month, with plans to raise it to 42 units later this year; the production of the 787 model has also increased from 5 to 7 units per month [3] - The company secured 455 net aircraft orders in Q2, including large orders from Qatar Airways and British Airways [3] Group 4: Trade and Supply Chain Challenges - Ongoing US-China trade negotiations create uncertainty for Boeing's orders and deliveries, as China is its largest overseas market [4] - The introduction of a 125% tariff on US aircraft in April led to a temporary suspension of aircraft deliveries to Chinese airlines, which resumed in June [4] - Current negotiations have exempted certain aircraft and engine parts from tariffs, allowing Chinese airlines to import aircraft at previous tax rates [4] Group 5: Industry-Wide Supply Chain Issues - The pandemic caused significant reductions in aircraft deliveries, leading to layoffs of up to 50% among manufacturers and suppliers, complicating recovery efforts [5] - The global backlog of undelivered aircraft has exceeded 17,000 units, double the pre-pandemic average, indicating potential delivery delays of up to 14 years [6] - Boeing's backlog at the end of the first half of the year reached $619 billion, with over 5,900 commercial aircraft orders valued at $522 billion [6]

Core Points - Boeing reported a net loss of $612 million in Q2 this year, a reduction from a loss of $1.439 billion in the same period last year [2] - The company's revenue for Q2 was $22.75 billion, representing a 35% year-over-year increase, primarily driven by an increase in commercial aircraft deliveries [2] - Boeing delivered 150 commercial aircraft in the quarter, a 63% increase compared to the previous year [2] - The production rate for the 737 model has increased to 38 units per month, with expectations to rise to 42 units per month later this year; the 787 model production is currently at 7 units per month [2] - Boeing's CEO, David Calhoun, stated that the company is undergoing transformations to enhance product safety and quality, with performance showing signs of improvement [2]