Preview of US Stock Market | The three major stock index futures are all rising, and Apple Inc. (AAPL.US) will hold its autumn product launch event early in the morning.

1. Before the market opens on September 9th (Monday), the futures of the three major US stock indexes all rose. As of the time of writing, the Dow Jones futures rose 0.69%, the S&P 500 index futures rose 0.79%, and the Nasdaq futures rose 0.91%. 2. As of the time of writing, the German DAX index rose 0.80%, the UK FTSE 100 index rose 0.66%, the French CAC40 index rose 0.76%, and the European Stoxx 50 index rose 0.91%. 3. As of the time of writing, WTI crude oil rose 0.93% to $68.30 per barrel. Brent crude oil rose 0.84% to $71.66 per barrel. Market News US CPI data will be released on Wednesday! Inflation takes the "C-position" from employment, traders bet on less volatility in the US stock market on "CPI day". In the past two years since the Fed began actively combating inflation, the monthly release of US CPI data has attracted significant market attention. However, when the latest CPI data is released on Wednesday, the situation may be different. With inflation rates trending lower towards the Fed's target, the Fed is shifting its policy objective towards the job market in preparation for rate cuts, making inflation data less important for the US stock market. Instead, everything is related to the soft job market and whether the Fed can avoid a hard landing. Options traders are betting that this data will rise, but it will be below the market's expectations for volatility on the day of the CPI release. As of last Friday morning, they expected the S&P 500 index to fluctuate by 0.85% on Wednesday. Data compiled by Piper Sandler shows that if this goal is achieved, it will be the smallest increase on a CPI release day so far this year. Recession concerns dominate the movement of US stocks, the "September curse" may continue. The seemingly unstoppable rebound in US stocks is showing signs of wavering as the momentum that has propelled US stocks to new highs faces a series of challenges. Major selloffs triggered by concerns about a recession in the US in early August have shown how quickly the situation can deteriorate, shocking investors accustomed to the stock market only moving in one direction. While the S&P 500 index rebounded after the initial decline, the key is that it did not recoup all the lost ground. The US non-farm employment report for August released last Friday showed weak job growth, further strengthening the view that the labor market is cooling down and causing stock market volatility. The S&P 500 index fell by 4.25% last week, while the Nasdaq 100 index recorded its largest weekly decline since November 2022. The looming US government "shutdown" crisis prompts Democratic leader Schumer to urge bipartisan cooperation. Chuck Schumer, leader of the majority party in the US Senate and a Democratic lawmaker, emphasized the importance of avoiding a government shutdown on September 30, as lawmakers return to Washington after the August recess and the US election is scheduled for November. In a letter to his Democratic colleagues on Sunday, Schumer stated that the Democrats are inclined to a short-term extension of funding, i.e., a continuing resolution, and called on Republicans to support bipartisan cooperation. Schumer said, "We will not let poison pills or Republican extremism jeopardize funding for vital projects." He stated that the two parties could possibly legislate on issues such as the annual defense authorization bill, railroad safety, lowering insulin and prescription drug costs, and artificial intelligence. The presidential election temporarily fades from investors' view, as the options market focuses on the Fed's rate cuts in the near term. The fiercely contested presidential election has gradually faded from the market's view, as investors' attention turns to the Fed meeting on September 18. Any policy missteps could disrupt the already tense market due to signs of slowing economic growth. Rocky Fishman, founder of derivative analysis company Asym 500, said, "The main focus of the market recently might be the Fed and the start of the rate cut cycle. While the risk pricing of stock options is high around the election date, the actual trading volume of options related to elections is limited." Traders are also waiting for the debate between the two presidential candidates, Harris and Trump, on Tuesday before determining who will win the election. Investors will analyze the candidates' positions on issues such as tariffs, immigration policy, and corporate taxes. The US Gulf Coast refining belt faces hurricane threat, oil prices rebound after consecutive setbacks. Asian oil futures jumped on Monday as a potential hurricane system approaches the US Gulf Coast and the market rebounds from the selloff after weaker-than-expected US employment data on Friday. OPEC+ decided to delay plans to increase production by 180,000 barrels per day until December, which also supported the rebound in oil prices to some extent. Analysts say that this rebound is partly a reaction to the potential hurricane in the US Gulf Coast. The US National Hurricane Center said on Sunday that a tropical storm in the southwest Gulf of Mexico is expected to become a hurricane before reaching the northwest coast. Refining capacity along the US Gulf Coast accounts for about 60% of US refining capacity. Independent market analyst Tina Teng said, "Market sentiment has somewhat recovered from last week's selloff." Individual Stock News Apple Inc. (AAPL.US) Autumn product launch to come in the early morning! What updates can we expect? Apple Inc.'s autumn product launch will take place at 1 a.m. Beijing time on September 10. Apple Inc. is expected to launch the iPhone 16 series smartphones. As in the past few years, the iPhone 16 series still includes four models: iPhone 16, 16 Plus, 16 Pro, and 16 Pro Max. The appearance of two new models will be similar to the current AirPods Pro, with updates to the charging case and USB-C port, as well as improved sound quality. For the first time in two years, Apple Inc. will update all models of the Apple Watch next week, including the new entry-level Apple Watch SE, mid-range Series 10 models, and an Ultra 3 model. Apple Inc. will upgrade the entire Mac lineup to the M4 chip, starting with the MacBook Pro, Mac mini, and iMac, but the release date may be as early as October. into EnglishAlphabet Inc. Class C (GOOGL.US) "Second Antitrust Case" goes to trial today. On Monday, September 9th, Alphabet Inc. Class C's "Second Antitrust Case" goes to trial, with the U.S. Department of Justice (DOJ) accusing Alphabet Inc. Class C of harming advertisers and content creators with its monopoly in the digital advertising market. This antitrust trial could potentially impact the future of online advertising. The trial will take place in the city of Alexander's, Inc. in Virginia, and is expected to last for several weeks, marking the first antitrust trial against the tech industry brought by the Biden administration. The DOJ alleges that Alphabet Inc. Class C unfairly raised advertising prices for clients using its monopoly position, while lowering the income of website creators. Alphabet Inc. Class C, on the other hand, argues that both parties in the advertising exchange have many options and often mix different advertising platforms. The DOJ's demands could slow down innovation, increase advertising costs, and make it difficult for thousands of small businesses and publishers to grow. Walt Disney Company (DIS.US) faces a lawsuit from DirecTV for alleged anti-competitive behavior. DirecTV, a U.S. satellite television provider, announced last Sunday that the company has filed a lawsuit with the Federal Trade Commission (FTC) accusing Walt Disney Company of failing to negotiate in good faith and engaging in anti-competitive behavior. DirecTV claims that Walt Disney Company added unreasonable terms during discussions to renew their existing broadcast rights agreement, including proposing illegal bundling arrangements and penetration requirements that have been ruled as illegal by the court. DirecTV also states that Walt Disney Company insists on bundling channels, forcing operators to provide less popular programs, while offering consumers cheaper and more streamlined packages. A Walt Disney Company spokesperson responded that the company continues to negotiate with DirecTV and urges them to reach an agreement that prioritizes customers. Discount retail giant Big Lots, Inc. (BIG.US) files for bankruptcy, sparking a bidding war with Nexus Capital leading the way. The well-known U.S. discount home goods retailer, Big Lots, Inc., has filed for bankruptcy protection and plans to sell its assets and business under court supervision. The company filed for Chapter 11 bankruptcy protection in Delaware, allowing the company to continue operating while developing a repayment plan for creditors. Big Lots, Inc. listed total assets and liabilities between $1 billion and $10 billion in court documents. According to the company's announcement, Big Lots, Inc. has entered into a sales agreement with Nexus Capital Management LP's affiliated company. Nexus will be the "stalking horse bidder," meaning that unless a higher bid or better terms from another buyer emerge, Nexus will acquire Big Lots, Inc.'s business. If Nexus emerges as the winning bidder, the transaction is expected to be completed in the fourth quarter of 2024. Upcoming important economic data and events include: 22:00 Beijing time: U.S. Conference Board Employment Trends Index for August, U.S. July Wholesale Inventory Month-on-Month Final (%). 23:00 Beijing time: U.S. New York Fed 1-Year Inflation Expectations for August (%). 1:00 the next day Beijing time: Apple Inc. holds a product launch event with the theme "Highlight Moment." Earnings forecast for Tuesday morning: Oracle Corporation (ORCL.US).