Trump promotes a minimum tariff of 15%-20% on all European Union Commodities.

Trump is pushing for a minimum tariff of 15% to 20% on all EU commodities, further increasing the pressure on negotiations and causing them to reach an impasse. Analysts point out that this more aggressive stance is aimed at testing the EU's 'pain points,' following weeks of negotiations on a framework agreement to maintain a 10% benchmark tariff on most goods.

wallstreetcn09:43

Is there an "insider"? Reports indicate that officials aligned with Trump strongly advocated for the controversial Federal Reserve renovation project.

Meeting records show that officials appointed by the Trump administration five years ago strongly advocated for the renovation of the Federal Reserve headquarters using marble, replacing the original plan of a glass curtain wall transparent design. Now, the White House is attacking Powell on this basis, accusing the renovation project of being wasteful.

wallstreetcn11:36

Collective support for Powell! The G20 finance ministers rarely unite, with the first joint communiqué of the year emphasizing central bank independence and multilateral cooperation.

The communiqué states that central banks of various countries are committed to ensuring price stability, and the independence of central banks is "crucial" to achieving this goal; the global economy faces uncertainties arising from "ongoing war conflicts, geopolitical issues, and trade tensions," emphasizing the importance of strengthening multilateral cooperation. The wording of the communiqué is cautious, not directly mentioning "tariffs," and the conflicts in regions like Russia and Ukraine are generally referred to as "ongoing war conflicts." The G20 rotating presidency of South Africa's Deputy Finance Minister notes that the content of the communiqué has been agreed upon by all members. Powell and U.S. Treasury Secretary Bessent did not attend this G20 senior officials meeting.

wallstreetcn10:41

Trump signed a bill related to stablecoins, stating that he will not allow the dollar to decline, and that Cryptos are beneficial to the dollar.

The "Genius Act" marks the implementation stage of stablecoin regulatory legislation in the United States. The Trump administration explicitly viewed stablecoins as tools to enhance the power of the US dollar and create demand for US Treasury securities, while opposing the emergence of central bank digital currencies (CBDC) that might challenge the dollar's status.

wallstreetcn09:37

US Market Close | The three major indices showed mixed performance, with the Nasdaq hitting a new record high! Technology stocks diverged, Tesla rising over 3%, while Netflix fell more than 5% after earnings; Trump signed the 'Genius Act' into law.

Technology stocks performed well, supporting a slight 0.05% increase in the Nasdaq and setting an intraday record high. Netflix fell 5.1% following its earnings report. Federal Reserve Governor Christopher Waller supported a rate cut in July, with the 2-year U.S. Treasury yield dropping by about 4 basis points. President Trump signed a stablecoin bill, and Ethereum briefly reached $3,600, outperforming Bitcoin for the fourth consecutive week, while Bitcoin experienced a top reversal of 1.6%. Gold rose 0.22%. Crude Oil Product saw a sharp V-shaped reversal, initially rising by about 2%, but then falling significantly to erase all intraday gains.

wallstreetcn09:27

Transaction volume TOP 20 | Tesla increased by 3%, leading 7 major companies; Netflix dropped over 5% after earnings, Analysts say Q2 growth benefited from foreign Exchange Rates conversion; GENIUS Act implemented, Circle fell nearly 5%.

Despite Netflix's Q2 performance, where the main Financial Indicators exceeded investor expectations, Analysts believe that the Q2 results still did not meet the previously high expectations. Most of the exceedance in revenue came from currency Exchange Rates rather than memberships or monetization.

Global Market Broadcast05:57