The main headlines that caught the attention of global financial media last night and this morning are:
U.S. President Donald Trump said on the 3rd that the United States launched a "small-scale attack" against Iran, and also stated that this "was not a military conflict."
In a telephone interview that day, Trump told the media, "They (Iran) took about two months to build an air defense facility... The United States has been observing the construction process, and as soon as it was completed, we struck it 'very beautifully' last night." He also said, "This was a small-scale attack, not a military conflict."
Apple stated in its annual financial report on Tuesday that AI intelligents, which are capable of acting in "unexpected or unpredictable ways," could expose the company to litigation or damage its reputation, thereby posing a threat to its business.
New risk factors highlighted in Apple's reporting documents demonstrate the disruptive potential of the AI agent, which has rapidly become a matter of great concern for the most important companies in Silicon Valley.
"In particular, artificial intelligence agents and other technologies can take autonomous actions, including interacting with internal or external systems – in some cases, they may not have access to these systems – executing or modifying code, sending communications, and completing transactions," Apple wrote in the document.
Meta Platforms Inc seeks to raise approximately $15 billion through cross-border dollar bond issuance. As investors' doubts about the high spending of tech giants deepen, these companies are still issuing bonds to finance the construction of artificial intelligence infrastructure.
According to informed sources, investors' subscription orders once reached as high as $58 billion, which is approximately 3.9 times the issuance size. Data compiled by Bloomberg shows that this is roughly equivalent to the average peak subscription multiple for US dollar bonds traded by major technology companies in the United States this year.
According to sources, this transaction is the largest part of Meta's cross-border financing plan, which is expected to raise at least $20 billion in total, with the first euro bond issuance possibly taking place as early as Wednesday.
Supermicro Semiconductor ( AMD ) announced its third-quarter financial results on Tuesday, with performance exceeding Wall Street's expectations. Revenue increased by 45% year-on-year, and sales from data centers nearly doubled compared to the same period last year. The stock soared 7% after the market closed.
Earnings per share: $2.09 after adjustment, versus an expected $1.95.
Revenue: $1.338 billion, with an expectation of $1.309 billion.
AMD stated in the declaration that revenue exceeded $9.25 billion compared to the same period last year. CEO Su Zifeng indicated that she expects the growth of the data center processor business to "further accelerate," and that meeting demand will not be a problem.
Morgan Asset Management's Bob Michele offered a suggestion to US Treasury Secretary Besant: cancel the 20-year Treasury bonds.
Before the Ministry of Finance announced its quarterly bond issuance plan on Wednesday, this head of global fixed income at Morgan Asset Management stated, "No one likes 20-year government bonds, so why issue them? There was a rationale for them in another era. That rationale no longer exists today."
The yield on long-term government bonds has recently soared to its highest level since 2002, leading the market to speculate that the Ministry of Finance will shift its focus to issuing shorter-term treasury bills and medium-term government bonds in the coming months. However, completely canceling 20-year government bonds remains a less likely scenario. Among traders surveyed by Bloomberg, none considered this option as a baseline expectation.
The Governor of the Bank of France, Emmanuel Moulin, stated that after an unexpected contraction in economic activity in the third quarter, the Bank of France may have to lower its forecast for economic growth in 2026.
The current forecast is for economic growth of 0.4% this year, and to achieve this level, there must be very strong growth in the fourth quarter.
"Regrettably, I think this is a bit too optimistic," Moulin stated at the Jeco conference held in Lyon, France. "We definitely need to make some fine-tuning and lower it a bit."
Responsible Editor: Li Tong
