U.S. stock opens: NASDAQ falls more than 1% Tesla falls more than 3%

As of the opening, the Dow was down 85.65 points at 35,565.30, or 0.24 percent; the Nasdaq Composite was down 197.15 points at 15,216.13, or 1.28 percent; and the S&P 500 was down 33.09 points at 4,635.88, or 0.71 percent.

In tech stocks, Apple fell 0.56%; Facebook fell 1.23%; Amazon fell 1.11%; Microsoft fell 2.17%; Google fell 1.35%; Netflix fell 0.88%; Tesla fell 3.07%.

In terms of Chinese stocks, Alibaba fell 1.46%; Baidu fell 2.29%; JD.com fell 2.63%; NetEase fell 1.86%; Weibo fell 2.91%; Pinduoduo fell 3.41%; Qutoutiao fell 1.67%; Weilai fell 5.33%; iQiyi fell 2.06%; Xunlei rose 1.44%; Momo fell 1.19%; Huanju fell 1.43%; Huya fell 2.54%; Bilibili fell 2.68%; Autohome fell 0.85%.

U.S. PPI surged 9.6% year-over-year in November to set a new record

Inflation measures far exceeded expectations, and rising costs continued to push up prices that had already "burned high".

On Tuesday, December 14, the U.S. Department of Labor released data showing that the U.S. PPI for November increased by 9.6% year-on-year, the largest year-on-year growth rate since the agency counted the data in November 2010, higher than the market expectation of 9.2%, and also higher than the previous value of 8.6%. The U.S. core PPI rose 7.7 percent year-over-year in November, a record high, higher than market expectations of 7.2 percent and 6.8 percent previously.

On a month-on-month basis, the US PPI rose 0.8% month-on-month in November, compared to 0.5% expected and 0.6% previously. The US core PPI rose 0.7% month-on-month in November, up 0.4% expected and 0.4% in the previous month.

Among them, the commodity price index rose by 1.2% month-on-month and the service price index rose by 0.7% month-on-month, while energy and transport costs remained the most important drivers.

Inflation continues to spiral out of control! U.S. consumers expect prices of major necessities to rise by 10 percent

This month, U.S. consumer inflation expectations reached new highs. The latest consumer survey by the Federal Reserve Bank of New York shows that U.S. consumers' inflation expectations for the coming year rose to a new high of 6 percent, the 13th consecutive month of increase and the highest since the survey began in 2013.

Consumers now expect prices of most key necessities to rise by 10 percent over the coming year. Among them, the price of gasoline will rise by 9.15%, the price of food will rise by 9.24%, the cost of medical treatment will rise by 9.6%, and the rent will increase by 10.03%. The expected change in the cost of college education increased by 1.6 percentage points to 9.1 percent in the coming year, the highest level since March 2015.

U.S. stock bull Goldman Sachs: All in the Christmas rally over the next three weeks

U.S. stock bull Goldman Sachs said in a 2022 investment outlook report: "Due to the recovery of the U.S. economy from the low point of the epidemic and the higher-than-expected corporate earnings, although there is still uncertainty in Omicron, it continues to be optimistic about the future trend of U.S. stocks." Goldman Sachs trader Rubner predicts that the Christmas rally in the next three weeks is about to push U.S. stocks soar again, and the Effect will push it higher in January.

【Company News】

UK Fair Competition and Market Authority: Users are losing money due to the duopoly of Apple and Google

Fair Competition and Markets Authority: An interim report on the mobile ecosystem shows that users are suffering due to the duopoly of Apple and Google. Apple and Google's duopoly limits competition and choice; tentatively finds that Apple and Google have been able to harness their market power to create largely independent ecosystems; and will continue research for the second half of the year, with a final report expected in June 2022.

Tesla CEO Musk cashed out more than $900 million

According to a set of financial documents released by the U.S. Securities and Exchange Commission (SEC) late Monday, Tesla founder and CEO Musk reduced his holdings in another 934,091 tesla shares, cashing out about $906.5 million (about 5.73 billion yuan). At the same time, he also exercised an option to buy 2,134,440 shares at an strike price of $6.24 per share. Since Saturday, November 6, Musk tweeted that he would reduce his 10% stake in Tesla stock, he has sold a total of 12 million shares. He needs to sell about 5 million more shares to deliver on his promise, and the market is still speculating about when the sale will be completed.

Netflix has slashed prices in India to compete with Amazon and Disney for market share

In a bid to compete with Amazon and Disney for market share in India, streaming giant Netflix announced on Tuesday that it would slash its local membership subscription fees. Netflix issued a statement saying it had lowered the price of all four packages in India, with the biggest price reduction being the entry-level package, from 499 rupees ($6.57) per month to 199 rupees ($2.60 per month), a drop of up to 60%. Monika Shergill, Netflix India's vice president of content, said the new membership price would make streaming services more accessible to Indian audiences.

Pfizer is only 33% effective in preventing Infections in Omiclon

Studies in South Africa show that Pfizer is only 33% effective in preventing Omexjong infection and 80% effective in preventing Delta infection. The Pfizer vaccine prevents hospital admission to 70% of people infected with Ami kerong. Studies have also shown that the risk of re-infection in Omikejong is high, and that Omiljun strain infection accounts for more than 90% of cases in South Africa.

Xiaopeng Automobile was fined for illegally collecting 430,000 photos of human faces

Recently, Shanghai Xiaopeng Automobile Sales Service Co., Ltd. was fined 100,000 yuan by the Xuhui District Market Supervision and Administration Bureau. It is reported that the reason for the punishment is that the parties purchased 22 camera devices with face recognition functions and installed them in their stores, so as to count the number of people entering the store and analyze the proportion of men and women, age, etc. From January to June this year, Xiaopeng Automobile collected and uploaded 431623 face photos, which violated the Consumer Rights and Interests Protection Law without obtaining the consent of consumers, nor explicitly or informing consumers of the purpose of collection and use.