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00:40:57

According to an official letter, U.S. senators are pushing the Department of Transportation to expedite the development and implementation of new regulations that would explicitly prohibit airlines from charging families traveling together additional fees for adjacent seats.

00:39:46

On May 22 local time, Pakistani Army Chief of Staff Mohammad Munir arrived in Tehran, the capital of Iran. Pakistan has been actively mediating between Iran and the United States, pushing for a cessation of conflict and the resolution of differences. Munir's visit comes against this backdrop. According to local media reports, Iranian officials have indicated that Munir's visit "does not necessarily represent a final agreement on the initial framework of a deal." (CCTV International News)

00:32:52

According to sources familiar with the matter, French energy giant Total Energy is privately assessing the feasibility of selling a 50% stake in some of its European renewable energy assets, hoping to bring in a strategic partner for its massive green investment plan. The potential deal could involve hundreds of millions of euros. The company is currently working closely with consulting firms to sell its core interests in 1.2 gigawatts (GW) of solar and wind power plants in France, Germany, Poland, and Spain.

00:32:37

Brent crude oil futures, the most active contract, just broke through the $103.00 per barrel mark and is currently trading at $102.99 per barrel, down 1.79% on the day.

00:31:39

U.S. Treasury Secretary Bessenter stated that Warsh will make scientific and rational decisions regarding inflation and economic growth.

00:30:38

Federal Reserve Chairman Warsh: We will learn from past successes and failures.

00:30:31

Federal Reserve Chairman Warsh: With an independent stance and firm resolve, inflation can fall.

00:30:29

Federal Reserve Chairman Warsh: I am well aware of the challenges we face.

00:30:29

Federal Reserve Chairman Warsh: I will do my utmost and wholeheartedly fulfill my duties.

00:30:29

Federal Reserve Chairman Warsh: The coming years will see unprecedented prosperity.

00:30:28

Federal Reserve Chairman Warsh: Returning to public service is a lifelong honor.

00:29:45

Trump: We have the strongest military in the world and plan to increase the defense budget to $1.5 trillion.

00:29:24

[Warsh Sworn In as Federal Reserve Chairman] On March 22, local time, Kevin Warsh was sworn in as the new Chairman of the Federal Reserve in Washington, D.C. President Trump held an inauguration ceremony for Warsh at the White House that day. Trump stated that he hoped Warsh would be a "completely independent" Fed chairman. It is understood that the ceremony was not held at the Fed headquarters as is customary, but rather at the White House. Trump announced his nomination of Warsh as the new Fed chairman via social media on January 30. In early March, the White House submitted Warsh's nomination to the Senate to serve as a member of the Federal Reserve Board of Governors and the next Fed chairman. On March 13, the U.S. Senate formally confirmed Warsh by a vote of 54 to 45, appointing him as the next Fed chairman to succeed Jerome Powell for a four-year term. (CCTV News)

00:28:49

When asked whether Walsh would cut interest rates, U.S. Treasury Secretary Bessant replied: He will do the right thing.

00:28:36

Federal Reserve Chairman Warsh: I will lead a reform-oriented Federal Reserve.

00:28:15

Uber's stock decline has widened further, now reaching 3.1%.

00:28:12

The Pakistani military announced that its Army Chief of Staff has arrived in Tehran, the capital of Iran, for the purpose of conducting mediation and coordination work.

00:28:02

[Warsh Sworn In as Federal Reserve Chairman] Kevin Warsh has been sworn in as Chairman of the Federal Reserve.

00:25:54

According to market sources, Uber is working with its team of advisors to explore ways to further increase its stake in Delivery Hero, a competitor in the European food delivery sector.

00:25:48

When asked whether Walsh would cut interest rates, U.S. Treasury Secretary Bessenter responded that Walsh would make the right choice.

00:24:32

A chart shows that the Baltic Dry Index has stopped falling and rebounded slightly, with changes in Capesize vessel capacity driving a rebound in freight rates. Details>

00:17:34

Federal Reserve Chairman Warsh stated: "I will lead a Federal Reserve focused on reform."

00:16:24

Federal Reserve Chairman Warsh said he has a very clear understanding of the various challenges that need to be addressed at this stage.

00:16:20

Federal Reserve Chairman Warsh said that the next few years will see an unprecedented period of prosperity.

00:16:17

Federal Reserve Chairman Warsh stated that as long as an independent policy stance is maintained and a firm determination to regulate inflation is demonstrated, inflation levels can gradually fall back to a reasonable range.

00:16:12

Federal Reserve Chairman Warsh stated that the Fed will fully learn from past successes and failures to provide reference and support for subsequent decision-making.

00:16:09

Federal Reserve Chairman Warsh stated: "I will lead the Federal Reserve in carrying out the relevant work to implement reforms."

00:14:58

Federal Reserve Chairman Warsh said it was an honor to be able to participate in public service again.

00:14:57

Federal Reserve Chairman Warsh said: "I will do everything in my power and wholeheartedly fulfill my responsibilities."

00:12:35

New Federal Reserve Chairman Warsh said he was very grateful for President Trump's trust and nomination.

00:11:23

When discussing Warsh as a candidate for Federal Reserve, Trump said that no one can compare to Warsh in terms of considerations.

00:11:20

Kevin Warsh was officially sworn in as the 17th Chairman of the Federal Reserve.

00:08:52

Trump stated that with Warsh as Federal Reserve Chairman, the future prospects for the United States are limitless.

00:07:42

Trump expressed his approval and appreciation for Pfizer's decision to build a production plant in the United States.

00:07:40

Trump publicly praised and endorsed Eli Lilly.

00:04:19

Trump stated that Warsh will begin taking over the Federal Reserve today.

00:04:19

Trump stated that the Federal Reserve is a crucial pillar of the global financial system.

00:04:19

Trump said that Warsh has the deepest respect for the Federal Reserve.

00:04:11

Trump said he expects Walsh to maintain his independence and do his job well.

00:04:05

Trump stated that Warsh emphasized the importance of rebuilding the Federal Reserve's credibility. As the core monetary management institution in the United States, the Fed's credibility directly impacts the effectiveness of monetary policy transmission, the stability of financial market expectations, and public confidence in the economy, playing an indispensable role in the smooth operation of related sectors.

00:03:57

[Trump Hosts Warsh's Inauguration as Fed Chairman] On May 22, US President Donald Trump hosted the swearing-in ceremony for Kevin Warsh as Chairman of the Federal Reserve at the White House. According to US media reports, the ceremony was not held at the Fed headquarters as is customary, but rather at the White House. (CCTV International News)

00:03:55

Trump said that the world’s attention will be focused on Walsh.

00:03:52

Trump said Warsh would defend the public's trust in the Federal Reserve.

00:03:51

Trump stated: "Wash knows very well that when the economy is doing well, it should be allowed to continue to thrive."

00:03:51

Trump stated that the Federal Reserve would make its own decisions.

00:03:49

Trump stated that the goal is to curb inflation.

00:03:45

Trump stated that a portion of the US debt urgently needs to be addressed.

00:03:39

Trump stated that Warsh would push for modernization reforms at the Federal Reserve.

00:03:37

Trump stated that Warsh would reduce the Federal Reserve's operations related to forward guidance.

00:03:32

Trump stated that Walsh would receive full support from the government.

00:03:31

Trump stated that the stock market's positive performance is sufficient proof that Walsh enjoys widespread public approval.

00:03:29

Trump stated that the stock market still has significant upside potential, and he is confident that Walsh can achieve this goal.

00:03:25

Trump: Iran is eager for a deal, we'll wait and see.

00:03:25

Trump stated that Iran is very keen to reach an agreement, and we should wait and see how things develop.

00:03:25

Trump: I don't want to hinder economic growth.

00:03:21

On May 22, US President Donald Trump presided over the swearing-in ceremony for Kevin Warsh as Chairman of the Federal Reserve at the White House. According to US media reports, this ceremony did not follow past practice of being held at the Federal Reserve headquarters, but was instead held at the White House. (Source: CCTV International News)

00:02:50

Spot silver just touched the $76.00/ounce mark and is currently trading at $76.00/ounce, down 0.86% on the day; COMEX silver futures are currently trading at $76.34/ounce, down 0.50% on the day.

00:01:58

Trump: The strong stock market performance shows that Walsh is widely recognized.

00:01:58

Trump: The stock market still has significant upside potential, and I believe Walsh can do it.

00:01:37

Trump: Walsh will receive the full support of the government.

00:00:55

Trump: Warsh will reduce the Fed's forward guidance operations.

00:00:45

Trump: Warsh will push forward with the modernization of the Federal Reserve.

00:00:44

Trump: We will rely on economic growth to resolve the debt.

00:00:36

Trump: We have some debt that urgently needs to be addressed.

00:00:29

Trump: I want to curb inflation.

00:00:19

Trump: Walsh understands that when the economy is doing well, it should be allowed to thrive.

23:59:55

Trump: The Federal Reserve will make its own decisions.

23:59:48

Trump: The whole world will be watching Walsh.

23:59:48

Trump: Warsh will uphold the credibility of the Federal Reserve.

23:59:17

[Cuban President Criticizes US for Fabricating "Cuban Threat" in Pursuit of Military Aggression] Cuban President Miguel Díaz-Canel refuted claims by some US officials on social media on the 22nd that Cuba views Cuba as a threat, emphasizing that Cuba does not threaten, challenge, or provoke the United States or any other country, and is a peace-loving nation. (Xinhua)

23:59:01

Trump: I hope Walsh remains independent and does a great job.

23:58:47

Trump: I hope Walsh remains independent and does a great job.

23:58:32

Trump: The Federal Reserve will make its own decisions.

23:58:24

[Cuban President Criticizes US for Fabricating "Cuban Threat" in Pursuit of Military Aggression] Cuban President Miguel Díaz-Canel refuted claims by some US officials on social media on the 22nd that Cuba views Cuba as a threat, emphasizing that Cuba does not threaten, challenge, or provoke the United States or any other country, and is a peace-loving nation. (Xinhua)

23:55:51

Trump: The Federal Reserve is the backbone of the global financial system.

23:55:48

Trump: Warsh has the deepest respect for the Federal Reserve.

23:53:57

Trump: No one is better suited to lead the Federal Reserve than Warsh.

23:53:12

Trump: I expect Warsh to be an excellent Fed chair.

23:53:05

Trump and Warsh attended the inauguration ceremony together.

23:52:38

[EU Announces Suspension of Tariffs on Some Fertilizers to Mitigate Impact of Middle East Conflict] The European Council announced on the 22nd that the EU has decided to suspend import tariffs on key nitrogen fertilizers such as urea and ammonia for one year to mitigate the cost impact of the Middle East conflict on EU agriculture. This measure will take effect the day after its publication in the Official Journal of the European Union. Affected by the Middle East situation, the Strait of Hormuz, which carries about one-third of the world's seaborne fertilizer trade, has been blocked, triggering a sharp rise in global fertilizer prices. The UN Food and Agriculture Organization previously warned that a prolonged blockade of the Strait of Hormuz could lead to disaster in the agricultural and food sectors. The announcement stated that the suspension of tariffs aims to reduce production costs for the EU's agricultural and fertilizer industries, and is expected to save them approximately €60 million in tariff expenditures. However, this tariff exemption does not apply to fertilizer products imported from Russia and Belarus. Currently, although the EU exempts fertilizer imports from countries with preferential access policies from tariffs, it still imposes tariffs of 5.5% to 6.5% on large-scale fertilizer imports from other countries and regions. The announcement shows that the EU imported 2 million tons of ammonia and 5.9 million tons of urea in 2024. (Xinhua)

23:52:00

[Night Trading Futures Closing] Soybean futures rose 2.84% for the second consecutive day, liquefied petroleum gas futures fell 1.63% for the second consecutive day, coking coal futures fell 1.45% for the second consecutive day, fuel oil futures fell 1.24% for the second consecutive day, and staple fiber futures fell 1.13% for the second consecutive day.

23:45:30

French President Emmanuel Macron: France is ramping up its investment for the future, allocating €1.5 billion to develop quantum technology and the semiconductor industry. Based on the French 2030 plan, the country is continuously strengthening its sovereign power, talent pool, and innovation capabilities. Europe must rise to the challenge and confront this technological revolution head-on.

23:44:01

U.S. Ambassador to India: I just received a call from U.S. Secretary of State Rubio. He is currently en route to India.

23:43:24

According to Saudi media Alhadath, Pakistan Army Chief of Staff Munir has arrived in Tehran.

23:40:46

The MSCI Nordic Countries Index rose 1.3%, its best single-day performance since May 6 (when it closed up 1.7%), closing at 395.91 points. Among the ten sectors, the Nordic Information Technology sector saw the largest gain. Nokia led the pack with a 9.6% increase.

23:40:41

Nymex crude oil futures for the most active contract have just broken through the $97.00/barrel mark, currently trading at $96.98/barrel, up 0.65% on the day.

23:39:26

[Bank of America Strategist Warns of Market Concentration Exceeding Bubble Levels Due to SpaceX and Other Mega-IPOs] Bank of America strategist Michael Hartnett stated that the proposed mega-IPOs of SpaceX and OpenAI could push the weighting of tech stocks in benchmark stock indices to levels seen during market bubbles. Elon Musk's SpaceX has planned the world's largest IPO, while ChatGPT developer OpenAI aims to go public before its competitor Anthropic. These massive stock offerings will fuel optimism surrounding tech and AI stocks, which has already driven one of the narrowest rallies in decades. Hartnett stated in a report, "Strong price action, retail frenzy, declining volatility…it smells too much like a bubble." He added, "Adding mega-IPOs to the AI giants could easily push market concentration above (approximately 48%) the levels of the Roaring Twenties, the 'Nifty Fifty' of the '80s, Japan in the '80s, and the tech, media, and telecommunications bubble of the '90s."

23:36:55

U.S. Secretary of State Marco Rubio and Turkish Foreign Minister Fidan held talks on Friday regarding the situation in the Strait of Hormuz.

23:36:32

According to sources familiar with the matter, Ørsted AS is considering selling more than $1 billion worth of U.S. renewable energy assets.

23:35:50

Ukrainian President Zelensky: As the US shifts its focus to Iran, Russia is striving to restart diplomatic mediation.

23:35:50

Ukrainian President Zelensky: Diplomatic processes should be restarted; we expect the US to come up with a feasible solution.

23:33:50

The STOXX Europe 600 index closed up 0.75% at 625.23 points, up about 3% for the week. The STOXX Eurozone 50 index closed up 1.04% at 6023.17 points, up about 3.3% for the week. The FTSE Eurotop 300 index closed up 0.78% at 2493.45 points.

23:33:31

The German DAX 30 index closed up 1.19% at 24,898.65 points, with a weekly gain of approximately 4%. The French stock index closed up 0.48%, the Italian stock index closed up 0.79% with a 1.39% increase in the banking index, and the UK stock index closed up 0.26%.

23:33:19

The Chicago Board Options Exchange Volatility Index (VIX) fell to a more than two-week low, last down 0.2 points to 16.56.

23:31:58

ECB Governing Council member Mueller: Soaring energy prices provide a "good reason" for a June rate hike.

23:31:39

[Institution: Canadian Retail Sales Data Indicates Weakening Momentum in Household Spending] Bradley Saunders, an analyst at Capital Economics, stated that although Canadian retail sales fell 0.7% month-over-month in March, a smaller decline than expected, combined with other data, the strong start to the year for household spending is now a thing of the past. In nominal terms, retail sales rose 0.9% month-over-month in March, stronger than the previously estimated 0.6%. Preliminary estimates indicate that sales will grow further by 0.6% in April. Saunders pointed out that the 5% increase in gasoline prices last month likely contributed almost all of the sales growth, therefore he expects actual sales to be roughly flat in April.

23:30:17

Spot gold has just broken through the $4,520.00/ounce mark, and is currently trading at $4,520.04/ounce, down 0.50% on the day; COMEX gold futures are currently trading at $4,520.30/ounce, down 0.49% on the day.

23:29:27

The Dow Jones Industrial Average has just broken through the 50,700.00 mark, currently trading at 50,701.37, up 0.83% on the day.

23:20:14

Spot platinum has just broken through the $1930.00/oz mark, last trading at $1930.27/oz, down 1.87% on the day; Nymex platinum futures main contract was last trading at $1937.7/oz, down 1.38% on the day.

23:15:29

[Federal Reserve Governor Waller's statement that the Fed needs to abandon its easing policy stance triggers a sharp drop in US Treasury bonds] (1) Federal Reserve Governor Waller stated that due to inflation risks, the Fed needs to abandon its easing policy stance and stop sending signals of interest rate cuts. There is still room for future interest rate hikes, and if inflation expectations get out of control, the Fed will raise interest rates decisively. (2) He said that the current labor market is trending towards balance and is difficult to influence monetary policy. The development of artificial intelligence has not changed the existing pattern. High energy prices have not suppressed consumption, but inflation has exceeded the target for six consecutive years, and the risk of rising inflation is significant. (3) These remarks triggered a sharp drop in US Treasury bonds, and the market bet that the probability of a 25 basis point interest rate hike this year has risen to 90%. The yield curve is narrowing rapidly, and market selling has intensified. The 2-year US Treasury yield fell below the 4.10% mark, triggering programmed selling. The 5-year, 10-year and long-term bond yields stabilized at the support levels of 4.26%, 4.59% and 5.11%, respectively.