Global news： Nasdaq fell to a new low in the year. The vice chairman of the Federal Reserve hinted that it would be very cautious to raise interest rates in the future

　　On Monday, local time, U.S. stocks continued their decline last week, and uncertainties in inflation and corporate earnings continued to hang over the market. Coupled with the renewed conflict between Russia and Ukraine, it is difficult for the market to have high emotions. Brainerd, vice chairman of the Federal Reserve, reiterated that interest rates should be restricted, but he was wary of the risk of negative shocks, suggesting that he might act cautiously. The intraday decline of US stocks once narrowed, but it finally closed down, and the Nasdaq fell to a new low in the year.

　　For the remaining four trading days of this week, there are data related to US inflation every day, from the new york Fed’s consumer expectation survey on Tuesday, to the PPI and CPI on Wednesday and Thursday, and the University of Michigan’s consumer confidence survey on Friday. Because of the high inflation, the Federal Reserve’s interest rate hike and the economic recession, the US stock market may not be calm in the next few days.

　　Jamie Dimon, CEO of JPMorgan Chase, predicted in an interview on Monday that the US economy may fall into recession in the next 6-9 months. Take the S&P 500 index as an example, Dimon thinks that US stocks can easily fall by 20% from the current level, and this 20% will be more painful.

　　The Russian-Ukrainian conflict seems to have reached a new stage. According to foreign media quoted by the World Wide Web, Medvedev, vice chairman of the Russian Federation Security Council, posted a message on the social platform Telegram, saying that the first episode has ended and Ukraine will face more blows in the future.

　　[overnight U.S. stocks]

　　Among the large Chinese stocks, Alibaba fell by 2.46%, Baidu by 4.48%, Netease by 3.67% and Pinduoduo by 8.34%.

　　Among the large American technology stocks, Apple rose 0.24%, Amazon fell 0.78%, Google A fell 0.83%, and Nye soared 2.33%.

　　[global index]

　　[global goods]

　　The main contract of WTI crude oil closed at $90.85 per barrel, down 1.93%; The main contract of Brent crude oil closed at $96.07 per barrel, down 1.89%; The main contract of crude oil in the previous period closed at 690.50 yuan per barrel overnight, up 0.22%.

　　Overnight, the Shanghai gold main contract closed down 0.71% to 391.92 yuan per gram; Shanghai Bank’s main contract closed down 0.35% to 4,534.00 yuan per kilogram.

　　[overnight news]

　　Medvedev issued a document on the attack: the first episode has ended, and the future goal should be to completely disintegrate the Ukrainian regime.

　　The World Wide Web quoted the latest news from Sputnik news agency & radio on the 10th. After many places in Ukraine were attacked by Russian missiles on the 10th, Medvedev, vice chairman of the Russian Federation Security Council, posted a message on the social platform Telegram, saying that Ukraine will face more blows in the future.

　　Vice Chairman of the Federal Reserve: The austerity policy has impacted the economic fundamentals, and it will be very cautious to raise interest rates in the future.

　　Brainerd, vice chairman of the Federal Reserve, believes that it will take time to reduce inflation by raising interest rates, and it will take some time to maintain restrictive policies to ensure that inflation falls to the target. However, he also said that the Fed will take into account the spillover effects of rising interest rates, a stronger dollar and weak overseas demand, and pay attention to the risks of further negative shocks such as the epidemic.

　　The Bank of England will increase the daily bond purchase scale to a maximum of 10 billion pounds in the next five days.

　　As the emergency bond purchase plan entered the last week, the Bank of England announced that it would increase the intervention in the bond market by increasing the scale of bond purchase and using repurchase tools to ensure the stable operation of the financial market. On Monday, the Bank of England announced that it would increase the daily bond purchase scale to a maximum of 10 billion pounds (about 10.8 billion US dollars) in the next five days, compared with 5 billion pounds. The Bank of England has purchased a total of about 4.6 billion British government bonds in the previous bond purchase operation, accounting for about 12% of the original 40 billion bond purchase plan. However, the latest actions of the Bank of England failed to calm the market, and the yield of British bonds generally rose by more than 30 basis points. According to the analysis, it will take a longer time to solve the British bond market crisis, and pension funds may still face the risk of soaring returns in the short term.

　　JPMorgan Chase CEO predicts that the United States will fall into recession within 6-9 months, and the S&P 500 will easily fall another 20%.

　　Jamie Dimon, CEO of JPMorgan Chase, warned on Monday that although the US economy is actually still performing well and consumers may be better off than during the 2008 financial crisis, he believes that there are very serious things that may plunge the US and the world into recession. "The S&P 500 index may" easily fall another 20% "from the current level, and the next 20% will be much more painful than the first 20%."

　　[company news]

　　Tesla’s Shanghai factory delivered more than 83,000 vehicles in September, hitting a monthly high.

　　In September, Tesla’s sales reached a new high, breaking its monthly sales record in China. According to the data of China Passenger Car Association, the domestic wholesale sales of new energy passenger cars reached about 660,000 in September, up 95% year-on-year and 5% quarter-on-quarter. Among them, Tesla China delivered 83,000 vehicles in September, an increase of 8% compared with August. Globally, Tesla China delivered more than 483,000 vehicles in the first three quarters of this year, and more than half of its global deliveries in the first three quarters came from the Shanghai factory.

　　Rivian, Tesla’s arch-rival, recalled almost all vehicles due to malfunction.

　　Rivian, an American electric car manufacturer, said it was recalling almost all its vehicles because the fasteners on the front suspension of the vehicle were loose. According to the documents submitted by the company to the National Highway Traffic Safety Administration, the recall involved a total of 12,212 vehicles. Rivian said in a statement that it has received seven reports that may be related to the above problems, and there is no news of injuries. The company also stated in the statement that it has the ability to inspect all affected vehicles and make necessary repairs within 30 days.

　　Medical testing industry or now 10 billion mergers and acquisitions! Biography Bio-Rad seeks to merge with Qiagen.

　　According to media reports, Bio-Rad Lab is negotiating with its peer Qiagen for a merger worth up to 10 billion dollars. The two sides have been discussing this for weeks, but there is still a long way to go before the results appear. As of the close, Bio-Rad fell 8.39% on Monday. Qiagen rose by 3.18%.

　　Ford and general motors fell hand in hand after being sung down by analysts

　　UBS analysts, including Patrick Hummel, said in a research report released on Monday that the profits of most European and American car companies are likely to "drop by nearly half" next year due to the oversupply of cars caused by softening demand. UBS said in the report that the destruction of demand is no longer a vague risk, but has begun to become a reality. Unprecedented pricing and profits in the past three years will come to an abrupt end, and the unsalable car inventory will emerge three months from now at the earliest.