B[Guangdong Province Governor Meng Fanli met with Tim Cook, executive chairman of Apple Inc., and his delegation in Guangzhou on October 11.
Tim Cook thanked Guangdong Province for its long-term support for Apple’s development. He said that Guangdong is an important manufacturing center in the world, with a complete industrial and supply chain, strong innovation and creativity, and a promising consumer market and cooperation space, and has gathered a large number of Apple supply chain partners and ecological developers. Guangdong is crucial to Apple's development in China. The company is willing to further expand its business layout in Guangdong and explore more cooperation with relevant cities and enterprises in Guangdong around supply chain collaboration, innovative ecosystem empowerment, intelligent and green manufacturing, and sales channel expansion to better achieve mutual benefit and win-win results.
Meng Fanli welcomed Tim Cook and his party. He said that Apple is a world-renowned technology leader and has long-term, extensive and in-depth cooperation with Guangdong in terms of production, sales and R&D. Currently, Guangdong is anchoring on the direction of intelligent, green, and integrated development, accelerating the construction of a modern industrial system with advanced manufacturing as the backbone. We very much welcome and support Apple to closely connect with all aspects of Guangdong, put more innovative products, emerging businesses, and R&D platforms in Guangdong, and continue to expand new areas and new spaces for cooperation. Guangdong will continue to expand high-level opening up to the outside world, create a market-oriented, legal and international first-class business environment, and provide high-quality services for the development of various enterprises in Guangdong, including Apple. (Southern+) A[Overnight global news you need to know on Saturday: Trump said Russia will immediately supply diesel; the three major U.S. stock indexes collectively closed higher; Micron Technology expanded its stock buyback plan to US$35 billion in December]
1. Trump said that the United States and Russia have reached an agreement that Russia will immediately supply more than 300,000 tons of diesel to the U.S. and global markets, followed by an additional 500,000 tons in November, and 1 million tons shortly thereafter. In addition, Russia will deliver an additional 3 million tons of diesel fuel at short notice, depending on the status of its refineries.
2. According to the report of the European-Mediterranean Seismological Center, at 12:56 local time on the 9th, a 7.7-magnitude earthquake occurred in the Makarakas area of central Panama, with a focal depth of 12 kilometers. The U.S. Tsunami Warning System issued a tsunami warning.
3. Information released by the White House on the 9th showed that US President Trump signed a memorandum on the 7th to establish a committee to investigate allegations that US Federal Reserve Board Director Lisa Cook was involved in housing mortgage fraud and make recommendations on whether this constitutes grounds for dismissal from her position.
4. U.S. President Trump announced on social media on the 9th that he has appointed conservative commentator Katie Zakaria as White House press secretary to replace Caroline Leavitt, who resigned.
5. Russian Deputy Prime Minister Novak said that Russia will immediately begin to lift restrictions on diesel exports, earlier than originally planned.
6. U.S. bank deposits rose to $19.693 trillion from $19.638 trillion the previous week.
7. The latest survey by the Federal Reserve shows that by the end of 2025, the proportion of households with overdue loan repayments has increased from about 12% in the previous round of surveys to nearly 20%, an increase of approximately 67%.
8. Since the United States and Israel started war with Iran, the price of diesel in the United States has increased by about 70%, with the national average price reaching $6.28 per gallon on October 8.
9. Standard & Poor's confirmed the UK's "AA/A-1+" rating, with a stable outlook. S&P affirms Egypt's 'B/B' rating with stable outlook.
10. Micron Technology’s board of directors approved the expansion of the stock repurchase plan, which will take effect in December. Micron said in its 10-K filing that its board of directors "approved an increase in the maximum amount of common stock that may be repurchased at its discretion beginning December 9, 2026 to $35.16 billion."
11. The three major U.S. stock indexes collectively closed higher. The Dow Jones Industrial Average rose 0.83%, with a cumulative gain of 0.93% this week; the Nasdaq rose 0.64%, with a cumulative gain of 0.64% this week; the S&P 500 Index rose 0.59%, with a cumulative gain of 1.15% this week. Livermore's leading Chinese concept stock index closed up 2.34%, and popular Chinese concept stocks generally rose.
12. The settlement price of WTI crude oil futures was US$91.85/barrel, up 36 cents, or 0.39%. Brent crude oil futures settled at $104.72 per barrel, up 44 cents, or 0.42%.
13. COMEX gold futures closed up 1.52% at US$4,220.3 per ounce; COMEX silver futures rose by 2.84% at US$61.11 per ounce. B[Wednesday (September 30) focuses on financial events and economic data]
①09:30 China’s official manufacturing PMI in September, Australia’s unseasonally adjusted CPI annual rate in August;
②09:45 China’s September RatingDog Manufacturing PMI and September RatingDog Service Industry PMI;
③14:00 UK second quarter GDP annual rate final value, second quarter current account;
④14:45 Initial value of French CPI monthly rate in September;
⑤15:55 The number of unemployed people in Germany after seasonal adjustment in September and the unemployment rate after seasonally adjustment in September;
⑥16:00 Swiss ZEW Investor Confidence Index in September;
⑦20:00 Initial value of German CPI monthly rate in September;
⑧20:15 U.S. ADP employment numbers in September;
⑨20:30 The final value of the annualized quarterly rate of U.S. real GDP in the second quarter, the final quarterly rate of actual personal consumption expenditures in the second quarter, the final annualized quarterly rate of the core PCE price index in the second quarter, the monthly rate of personal expenditures in August, the annual rate of the core PCE price index in August, and the monthly core PCE price index in August;
⑩22:30 EIA crude oil inventory and EIA strategic petroleum reserve inventory in the United States for the week ending September 25;
⑪At 01:30 the next day, Barkin of the Federal Reserve delivered a speech at the event;
⑫At 03:25 the next day, Fed Governor Cook delivered a speech;
⑬At 04:00 the next day, Micron released its financial report after the U.S. stock market closed;
⑭Federal Reserve Goolsby delivered a speech at 05:10 the next day. B[The bids for the seventh batch of high-value medical consumables were opened in the morning. Boston Scientific, Olympus, Nanwei Medical, etc. compete for 23 types of digestive interventional consumables] September 10th, this morning, the seventh batch of high-value medical consumables organized by the national organization to purchase in Tianjin started on-site to receive quotation materials. Traditional foreign giants such as Boston Scientific, Olympus, Cook, and Elb, as well as representatives from domestic leading manufacturers such as Nanwei Medical, Aegis, and Jiuhong Medical, entered the venue one after another. The quotation information disclosure meeting will begin at 9:30. It is reported that the products purchased this time cover the main aspects of digestive endoscopy treatment, including balloon dilatation catheters, esophageal and intestinal stents, digestive tract guidewires and other categories. According to the procurement documents, this national procurement of consumables is based on the idea of dispersion management and control of drug centralized procurement, setting up double standard deviation anchor points, and setting up three differentiated selection paths: Rule 1 for direct selection, Rule 2 for resurrection with quantity, and Rule 3 for resurrection without quantity. Multi-dimensional product feature conversion coefficients are also introduced to control prices while taking into account the clinical suitability of the product. The National Medical Insurance Administration recently emphasized that centralized procurement will adhere to "stabilizing clinical practice, ensuring quality, resisting involution, and preventing bid rigging" and guide fair and rational competition in the industry through "excessive prices will lead to elimination, and abnormally low prices without volume" will guide the industry's fair and rational competition. (Reporters Lu Afeng and Wu Chao) B[The State Administration for Market Regulation unconditionally approved the new joint venture between Jingrui Electronic Materials and Gaoqiao Petrochemical Co., Ltd.] On September 4th, the State Administration for Market Regulation released a list of cases that unconditionally approved the concentration of undertakings from August 24 to August 30, 2026, including the case of Posco Holdings Co., Ltd.'s acquisition of the equity of Li Holdco Pty Ltd, the case of Jingrui Electronic Materials Co., Ltd. and Sinopec Shanghai Gaoqiao Petrochemical Co., Ltd.'s new joint venture, and the acquisition of INCLOO by AISG Labs Pte. Ltd. TECHNOLOGY PTE. LTD. equity case, Shandong Jixin Industrial Development Co., Ltd.'s acquisition of Jiangsu Chang Aluminum Group Co., Ltd.'s equity case, ConocoPhillips Iraq Holding Co., Ltd.'s acquisition of BP Kirkuk Energy Co., Ltd.'s case, British Columbia Investment Management Company and Dutch Huiying Asset Management Co., Ltd. and other operators' acquisition of some assets of Hancock Chile Plantation Co., Ltd., Munich Re's acquisition of Vifford GP S.à r.l.'s equity case, CP Industrial Capital Management Co., Ltd. and C2X LTD's new joint venture case, and Dana Co., Ltd.'s acquisition of part of Eaton Co.'s business. B[Apple’s stock price soared 2,275% during the Cook era, and Turners’ succession faced a high standard test] September 1st, Apple CEO Cook handed the reins to John Turners on Tuesday, bringing an end to his tenure. During his tenure at Apple, Cook not only consolidated the company's status as a global iconic brand, but also made Apple stock one of the most reliable investment targets in the market. Since Cook took over from legendary founder Steve Jobs on August 24, 2011, Apple's stock price has risen by 2,275%. At the time, he took over a company with a market value of less than $350 billion. Today, the company that produces iPhones and Mac computers has grown into a diversified technology giant with a market value of $4.6 trillion, and its business also covers areas such as Apple Watch, AirPods, and financial services. Turners will soon face his first big test. He is expected to launch a folding screen version of the iPhone, as well as other product updates, at a key conference next week.
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