Weekly

Be strong

2020-08-04

 

Global new viruses continue to wreak havoc. As of yesterday, the cumulative number of infected people in novel coronavirus exceeded 18.38 million, and the number of confirmed deaths increased to over 692,000.

The United States continues to be the country with the largest number of infections in the world with 4.85 million cumulative infections. American President Trang, who originally intended to block TikTok, an overseas version of Chinese social media "Vibrato", once again showed his erratic character.

Ben threatened to take TikTok off the shelves in the United States this Saturday as soon as possible, but yesterday he changed his tune and said TikTok would be driven out of the American market unless TikTok could sell its business in the United States before September 15.

And it is best to sell to American buyers. It is said that TikTok's parent company "Beijing ByteDance" intends to sell TikTok's business in America to Microsoft. Experts estimate that Trump's remarks will contribute to this single acquisition.

It's lucky that "Beijing ByteDance" got away with it! Microsoft's share price rose by 5.6% yesterday, reflecting Microsoft's bargain hunting. Once again, the market reported that Chinese science and technology network enterprises would be sanctioned by the United States.

I don't know if it's relevant. Zoom, a new online conference founded by Yuan Zheng, a Chinese, announced earlier that it would stop providing services directly to Chinese users. The effective date is August 23rd.

Zoom was criticized for leaking customer information and meeting content to China because it was found that the software had a back door and had mistakenly transmitted the information in the data operation center in China.

Another potential target is wechat, because wechat is a branch network enterprise once criticized by US Secretary of State Pompeo. If WeChat is really banned from being used in America, the blow will be fatal!

In fact, WeChat is not only a social media, but Penguin applet has become a part of the life of most Chinese, and WeChat payment is a software that once threatened the payment system of traditional banks. It seems that no matter whether China is strong or prosperous,

Is strong (barely), the road ahead is definitely a rugged and full of thorns.

Yesterday, many countries published the PMI of manufacturing industry, and all the relevant data were at the expansion level above 50 points, which showed that even under the threat of novel coronavirus, all countries had taken the epidemic as the new normal to re-enter economic activities.

As PMI improved, the US dollar index rebounded from the low level and returned to the 93-point level. Yesterday morning, the price of gold broke the record high of $1986.8 per ounce, but was squeezed by the strength of the US dollar and fell. The price of gold closed at $1976 per ounce.

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