U.S. stocks opened: The Dow fell slightly by 40 points, and technology stocks fell more Wei Xiaoli collectively opened higher

Financial circles on July 1 news, investors pay attention to the impact of intraday economic data and inflation data, while the weak performance of Micron and other companies dampened investor confidence, the U.S. stock market continued the weak trend of the previous trading day again low, the three major U.S. stock indexes basically flat, the Dow fell about 40 points; Micron Technology fell more than 4 percent, TSMC fell 3.3 percent, and Apple, AMD and NVIDIA cut orders. Weilai Automobile, Xiaopeng and Ideal Automobile delivery data increased significantly in June, and the opening was collectively higher.

The Dow Jones fell 35.22 points, or 0.11%, to 30,740.21 points; the S&P 500 rose 1.17 points, or 0.03%, to 3,786.55 points; and the Nasdaq Composite fell 4.59 points, or 0.04%, at 11,024.14 points.

Britain's FTSE 100 fell 0.3 percent, Germany's DAX fell 0.3 percent, and France's CAC-40 fell 0.1 percent. The yield on the 10-year Treasury note fell below 3 percent, its lowest level since early June.

U.S. stocks still haven't bottomed out? U.S. asset management giants: The bear market can only end if inflation continues to subside

While the S&P 500 has recorded its worst first half since 1970, Saira Malik, head of investment at U.S. asset manager Nuveen Investments, noted that the bear market will continue until the moment inflation begins to subside, given that consumers are still shrinking spending and the market has more room to fall. Malik said in an interview with the media that what we are seeing is likely to be a bear market rally, and we believe that the S&P index has not yet bottomed out. She further warned that in the second half of the year, firms with weaker pricing power will continue to be hit by inflationary pressures.

Biden helpless showdown: Before the end of the Russian-Ukrainian conflict, high oil prices can not see the end!

U.S. President Joe Biden said at a news conference in Madrid, Spain, on Thursday that high U.S. oil prices may see no end until the end of the Russian-Ukrainian conflict. U.S. gasoline prices have soared since the beginning of the year, breaking through $5 a gallon two weeks ago, a record high. According to the U.S. gasoline website AAA, the average price of gasoline in the United States today (July 1) was $4.842, a slight decline from the previous two weeks.

What about financial subsidies? The Reconstruction of chip manufacturing in the United States has encountered obstacles

On Friday, according to media reports, although several chipmakers have announced plans to expand their factories in the United States, it ultimately depends on whether Congress will allocate funds to help build them under the Create Beneficial Incentives for American Semiconductors Act (the Chip Act). Uncertainty over the Chip Act has raised concerns among chipmakers planning to build factories that may have to postpone expansion plans.

Xiaomo CIO: Stagflation and recession are more likely than soft landings

Compared to the stagflation crisis of the early 1980s, JPMorgan Asset Management's CIO believes that the economic outlook looks worse today, and that a U.S. recession is more likely than a soft landing. It argues that with inflation seemingly more entrenched, central banks still have a long way to go in reversing excessive easing.

Lun Copper fell below $8,000, a new low in more than a year

On Friday, London copper prices, which are seen as the barometer of the world economy, fell 3.5 per cent to $7,970.50 a tonne, continuing to widen the decline after the worst quarter since the pandemic, hitting its lowest level since early 2021. Analysts expect the copper market to face about 10 percent oversupply over the next two years in the face of a hard landing in the U.S. and European economies.

Tesla applied to expand the Texas Gigafactory, which plans to expand by nearly 50,000 square meters

Tesla's filing wednesday showed an application to expand the Texas plant by another 500,000 square feet (about 46,451 square meters) to expand General Assembly 2 and Final Assembly 3, According to Teslaati. Given that the Texas plant has more than one floor, the expansion project, if approved, is expected to eventually provide tesla's Texas factory with at least 1 million square feet (nearly 100,000 square meters) of work space. Musk previously estimated that Tesla will start producing Cybertron electric pickups and Semi electric trucks sometime next year. Although the location of the Cybertron electric pickup has not been officially announced, it is likely to be at the Texas plant.

Kuo believes that Apple's demand for the iPhone 14 in China will be much higher than that of the iPhone 13

Apple analyst Ming-Chi Kuo said that based on his latest survey results from Chinese distributors, retailers and scalpers, the demand for the iPhone 14 in the Chinese market may be stronger than that of the iPhone 13, and they have to pay the largest upfront deposit ever for the iPhone 14 to ensure stable supply. He pointed out that in the current Chinese market, Apple's iPhone 14 prepayment is significantly higher than the iPhone 13 series, and even doubled in some regions. Analysts at parts suppliers and logistics predict that Apple's iPhone 14 shipments in the second half of this year may reach about 100 million units or 90 million units.

Meta slashed its hiring program, and Zuckerberg warned: The worst recession in recent years is coming!

On Thursday, Meta Platforms CEO Mark Zuckerberg told employees that the company will cut its engineer recruitment plan by at least 30% this year, and strictly evaluate performance and increase elimination. He warned that company employees need to prepare for a severe recession.

Apple products have been fully priced in Japan since July 1

Apple has implemented a comprehensive price increase in Japan for major products, including the iPhone. Take the lowest price of the latest model, the iPhone 13, as an example, the price increase rate reached 19%. Against the backdrop of widening interest rate differentials between Japan and the United States, the yen has depreciated sharply, and the prices of consumer durables familiar to Japanese people have also begun to suffer.

Mobile phone computer to open the downward cycle? Memory chip supplier Micron lowered its performance outlook

Micron Technology, one of the big three memory chips, hinted thursday that smartphone and computer sales will be less optimistic for the rest of 2022. As one of the major suppliers of memory chips for smartphones and computers, Micron noted that its customers are adjusting their inventory. Micron's CEO said at the earnings conference that it expects smartphone sales to fall about 5 percent from last year and computers to fall 10 percent. If translated into specific units, smartphone sales will fall by 130 million units and computers by 30 million units compared to the forecast earlier this year.

JMP Securities: Lowered the meta Platforms price target from $265 to $240, maintaining the outperform rating

JMP Securities analyst Andrew Boone lowered the target price of Meta Platforms from $265 to $240 in a broader study of the internet and digital media, and maintained the stock's outperformance rating. The analyst said the macro backdrop of high inflation, persistent supply chain problems, rising interest rates and deteriorating business and consumer confidence is deteriorating. Boone expects digital advertising growth to slow in the second quarter and expects global digital advertising to grow 11% by 2022 before rebounding in 2023.

Join the bearish queue? Bank of America: Tesla's U.S. market share is expected to plummet over the next three years

Bank of America analyst John Murphy said in an annual forecast report called "Car Wars" that tesla's dominance in the U.S. electric vehicle market could be replaced by GM or Ford by 2025 as competitors launch about 135 new electric vehicles. Tesla will continue to grow as EV sales continue to soar, but its market share will plummet from more than 70 percent today to around 11 percent in 2025, it wrote.

The report card of wei Xiaoli, a new car-making force, was released in June

Ideal Cars delivered 13,024 Ideal ONE units in June, an increase of 68.9% year-on-year; in the second quarter, a total of 28,687 Ideal ONE units were delivered, an increase of 63.2% year-on-year.

Xiaopeng Automobile delivered 15,295 units in June, an increase of 133% year-on-year; In the second quarter, a total of 34,422 units were delivered, winning the first place in the delivery of new forces for four consecutive quarters; From January to June, a total of 68,983 units were delivered, 2.2 times that of the same period last year.

NIO delivered 12,961 units in June, up 60.3% year-on-year; in the second quarter, a total of 25,059 units were delivered, up 14.4% year-on-year; and in the first half of 2022, NIO delivered 50,827 new vehicles, up 21.1% year-on-year. As of June 30, 2022, NIO's cumulative delivery volume reached 217897 vehicles.

TSMC was cut by three major customers? Company Response: Do not comment on market speculation or rumors

TSMC's three major customers, Apple, AMD and NVIDIA, lowered their order volume. In this regard, the relevant department of TSMC replied that it does not comment on market speculation or rumors.

HSBC Research: Raised the target price of NIO from $26 to $28, maintaining the buy rating

HSBC Research analyst Yuqian Ding raised NIO's price target to $28 from $26 and maintained a buy rating on the stock, citing increased confidence in the fundamentals. U.S. stock prices have rebounded 6 percent since the end of March, backed by a recovery in NIO's sales volume, and Ding expects monthly sales to continue to improve as sales of three new models increase in the second half of the year and more models are expected to be launched after 2022.