Biden's infrastructure plan was stabbed by his own people? U.S. stocks closed down across the board. The Dow once fell nearly 700 points. WHO: The new crown pneumonia pandemic must end next year

Time:2022-01-01 Source: 1407 views Trending Copy share

Concerns about the   rapid spread of the Omi Keron mutant strain, resistance to Biden’s spending plan, and the imminent change in the Fed’s monetary policy all put pressure on the stock market. US stocks closed down across the board, and the Dow once fell nearly 700 points in intraday trading.

  The three major U.S. stock indexes closed down

  The Dow Jones Index fell 433.28 points, or 1.23%, to 34,932.16; the S&P 500 Index fell 52.62 points, or 1.14%, to 4568.025 points; the Nasdaq Composite Index fell 188.74 points, or 1.24%, to 14,980.94 points.

Most of the large technology stocks closed down. Apple fell 0.81%, Amazon fell 1.73%, Meta fell 2.50%, Google fell 0.08%, Microsoft fell 1.20%, and Netflix rose 1.19%.

  New energy auto stocks fell collectively. Tesla fell 3.50%, Weilai Motors fell 6.13%, Xiaopeng Motors fell 5.56%, Ideal Motors fell 5.64%, Nikola fell 7.31%, Faraday Future fell 9.45%, and Workhorse fell 8.87% , Lordstown fell 8.15%, Rivian fell 7.90%, and Lucid fell 5.05%.

  Most anti-epidemic stocks closed down. Pfizer rose 2.59%, AstraZeneca Zhang 0.96%, Eli Lilly fell 1.46%, BioNTech fell 4.19%, Vir fell 5.12%, Modena fell 6.25%, Novavax Pharmaceuticals fell 7.07%.

  Popular Chinese concept stocks closed down on Monday. Zhihu fell more than 9%, Dingdong Maicai rose by more than 3%, Tuanche rose by more than 1.15%, Weibo rose by more than 0.5%, Bilibili fell by more than 11%, and Shell was more than 10%. %, fog core Technology fell nearly 9 percent, betta down over 8%, eye teeth fell nearly 8 percent, iQIYI , car home fell over 5%, to fight a lot, new Oriental, Ctrip fell nearly 5 percent, Alibaba down nearly 6%, and Qutoutiao fell more than 4%, Baidu, NetEase, and Vipshop fell more than 3%, NetEase Youdao, Tiger Securities, Tencent ADR fell more than 2%, and Futu Holdings fell more than 1%.

  International crude oil futures settlement prices closed sharply, WTI New York crude oil futures fell 2.03% to 68.92 US dollars per barrel. Brent crude oil futures fell 2.09% to $71.98 per barrel.

  New York COMEX gold fell 0.74% to $1791.5 per ounce.

WHO: The new coronary pneumonia pandemic must end in 2022

  As the winter holidays approach, Omi Keron mutant strains are raging around the world. The World Health Organization (WHO) said on Saturday that 43 of the 50 U.S. states have spread the Ome Keron mutant strain. Approximately 90 countries and regions around the world have detected this mutant strain and spread in communities. The number of Omikeron infections doubled within 1.5 to 3 days.

  White House Chief Medical Adviser Fauci said on Sunday that with the spread of Omi Keron variants, the United States may see a record number of new confirmed cases of new crowns, hospitalized cases, and deaths in the next few weeks to months. It will be very difficult.

  Fauci said on Sunday that he expects a record wave of new crown infections in the United States this winter, and hospitals across the United States will be "overcrowded" within a week or two. Fauci urged people to get vaccinated and booster shots. He warned that Christmas travel will increase the spread of Omi Keron variants, even among fully vaccinated people.

At the same time, many countries around the world have also seen a sharp increase in Ome Keron infection cases. The Netherlands has begun the blockade and will continue until mid-January. The UK does not rule out the implementation of stricter restrictions before Christmas.

  On the 20th local time, World Health Organization Director-General Tedros Adhanom Ghebreyesus said at a press conference in Geneva that the new crown pneumonia epidemic in 2021 claimed at least 3.3 million lives. Today, 50,000 people still die directly from the new crown pneumonia every week. .

  Tan Desai also said that the data shows that the Omi Keron mutant strain spreads faster than the Delta strain, and people who have been vaccinated against the new crown or who have recovered may be infected with the virus again. The epidemic has not only disrupted people's normal lives, but even disrupted screening, treatment, and services for other diseases.

  Tan Desai emphasized: We must end the new coronary pneumonia pandemic in 2022. All countries need to invest in preventing future disasters of this scale and speeding up the achievement of sustainable development goals.

  Biden spending bill or Democratic senator "back stabbed"?

  According to CCTV News, on December 19, local time, Goldman Sachs analysts said that because West Virginia Democratic Senator Manchin stated that he would veto Biden's "Better Reconstruction Act", next year's US economic growth may be lower than expected.

  The bill contains a large amount of infrastructure construction and social project expenditures. Manchin and others believe that the bill will continue to push up inflation in the United States.

  Goldman Sachs reduced the US economic growth rate of 3%, 3.5%, and 3% originally expected in the first three quarters of 2022 to 2%, 3%, and 2.75%. In addition, Goldman Sachs believes that the US consumer price indices (CPI) is likely to continue to grow by 7%. This also increases the difficulty of passing the bill.


On November 15, US President Biden attended the signing ceremony of the Infrastructure Investment Act at the White House in Washington.

  Image source: Xinhua News Agency (photo by Shen Ting)

  Manchin made it clear on Sunday that he opposed Biden's $1.75 trillion tax and spending bill. He stated that the Democrats did not make any actual changes to the legislation during the negotiations.

  Since the Democrats and Republicans currently hold 50 seats in the U.S. Senate, in the absence of any Republican senator's support, Manchin's vote will be related to the passage of the bill.

  Manchin's vote against it also means that there is a high probability that the bill will be postponed until January next year. As the core content of Biden's economic agenda, the postponement of the plan will have a wide range of effects, even affecting next year's midterm elections.

  According to the Financial Associated Press, Goldman Sachs also reiterated that the upcoming inflation report is unlikely to help reverse the situation. The Consumer Price Index (CPI) rose 6.8% year-on-year in November, the largest increase in 39 years.

  "We predict that the overall CPI will rise to 7% in the next few months and then begin to decline. The inflation concerns already expressed by Manchin and others may continue, which will increase the difficulty of passing the bill." Goldman Sachs economists wrote. road. “The Omi Keron variant may also shift political attention from long-term reforms to virus-related issues.”

  However, Goldman Sachs also pointed out that although the reduction in the possibility of passing the bill will "have a negative impact on short-term consumption," it may also have some positive effects on the financial market. For example, the possibility of raising corporate taxes has now also been reduced. Earlier, Goldman Sachs analysts predicted that this would reduce the profits of S&P 500 index stocks by 3%.

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