Bloomberg

• Closing: energy and financial sectors led the decline, and the Nasdaq index hit another all-time high.

After the S & P 500 fell from a record high, the U. S. stock futures index fell slightly, led by energy and financial sectors. Amazon promotes$Nasdaq 100 Index (.NDX.US) $Set a new high.

Oil prices recovered after falling to $73 a barrel. The rise in the dollar triggered a sell-off in commodities, while uncertainty obscured the next step in the OPEC + incident.

Markets remain concerned about the Fed's tapering of quantitative easing and fiscal stimulus lacks momentum. These uncertainties will only lead to more market volatility, which in turn will lead to fears that economic growth will peak. Is the best era of growth over?

-Keith Lerner, Chief Market strategist, Truist Advisory Services

• The net inflow of ETF funds into US energy stocks hit a 10-year high.

Money is flowing into ETF, which focuses on US oil and gas stocks at its fastest pace in a decade, in another sign of renewed investor interest in the oil and gas industry.

According to data compiled by Bloomberg, so farNearly $18 billion flowed into US energy stocks ETF in 2021, more than in any previous decade and nearly three times as much as in the first half of 2020.More than 60% of this year's inflows have been invested in funds that focus on fossil fuel companies.

Wall Street Journal

• Amazon got what it wanted, and Microsoft failed to enjoy the Pentagon 10 billion cloud contract.

The Pentagon cancelled the $10 billion cloud computing contract awarded to Microsoft in 2019 and intends to split it into$Microsoft (MSFT.US) $和$AMZN.US (Amazon) $Two companies.

Amazon praised the Pentagon's decision, saying in a statement that the award of the contract to Microsoft was the result of external influence, which should not be the case in government procurement. Microsoft said it understood and respected the decision to cancel the contract because the Defense Department would otherwise face a protracted lawsuit.

A single cloud system, a single vendor can no longer meet the current needs. The new cloud facility contract Joint Warfighter will act as a "bridge", and the bidding starting in 2025 will be a complete and open competition; the value of the new contract will be "above ten figures"; and negotiations with other cloud service providers will continue over the next three months. The Defense Department plans to negotiate new contracts with Google, IBM and Oracle. Both Microsoft and Amazon will receive some of the projects in the new contract and are likely to get other additional projects.

-spokesman for the U.S. Department of Defense

• With abundant chip inventory, Toyota beat GM in the US market for the first time.

$Toyota (TM.US) $The strategic deployment of building chip inventory for its cars has paid off hugely: Toyota has overtaken its dominant position in the US market for the first time.$General Motors (GM.US) $。

Toyota sold 688813 vehicles in the US from April to June, beating GM by a narrow margin, according to the two companies. This is the first time a Japanese carmaker has taken the lead in the U. S. market, according to auto shopping site Edmunds.com.

Toyota bet on the recovery of the US car market earlier than most carmakers, and there are plenty of chips in stock.

CNBC

• Former US Energy Secretary warns: oil prices may soar and plummet

Dan Brouillette, a former US energy secretary, told the CNBC on Tuesday that oil prices could easily hit $100a barrel after the failure of the OPEC+ negotiations, but it could also collapse.

If no agreement is reached on production, countries tend to act on their own or produce on their own, and oil prices may soar and plummet.

-Dan Brouillette, who served as Secretary of Energy of the United States from 2019 to 2021

OPEC + failed to reach an agreement on oil production twice last week. On Monday, another attempt to resume negotiations failed and the talks were postponed indefinitely.

• Nintendo releases new Switch and upgrades OLED screen

$ADR (NTDOY.US) $A new version of its popular Switch console was released on Tuesday.

The new Switch, which has a larger OLED screen, will go on sale on Oct. 8 for $349.99. The price is higher than $299.99 for the standard Switch and $199.99 for Switch Lite.

The console will be launched during the gaming boom triggered by the epidemic. But at the same time, high demand and persistent chip shortages make it almost impossible to buy a game console. Sony and Microsoft launched next-generation consoles last fall, but still failed to meet market demand.

Financial Times

• Israeli Ministry of Health: Pfizer COVID-19 Vaccine is less effective against Delta variants

A preliminary study by the Israeli Ministry of Health shows that compared with previous new crown virus strains,$BioNTech SE (BNTX.US) $与$Pfizer (PFE.US) $The efficacy of co-produced vaccines against Delta variants is poor.

The Ministry of Health found that data collected over the past month showed that among fully vaccinated people, the effectiveness of the vaccine in preventing infection was 64%. The efficacy against previous strains is estimated to be 94%.

Professor Nadav Davidovitch, a member of the Israeli Advisory Committee of experts, cautioned that the study was based on "preliminary" data on the effectiveness of vaccines continuously collected by the health sector.

• South Korean regulators step up IPO censorship amid fears of a growing market bubble

South Korean regulators are stepping up scrutiny of large IPO as high valuations raise fears of a bubble in Asian markets.

Under pressure from financial regulators, Krafton, the developer of the world's popular game PUBG, cut the price of IPO by more than 10 per cent last week and cut the size of its transactions by nearly 1/4.

Get the Chinese Internet giant$Tencent (00700.HK) $The backed Krafton, which sought to raise $5 billion, is expected to be the largest IPO in South Korea's history.

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