Close to record high. The IRS expects millions of jobs to be lost in the next few years. The euro zone’s economy unexpectedly lost momentum, and its economic recovery is facing many challenges. There has been no progress in the talks between the UK and the EU. The U.S. stock market closed higher on Thursday, while the NASDAQ index hit a new intraday and closing record high, led by technology stocks. For the first time in history, electric car maker Tesla’s share price has exceeded $2000, making it more than 370% higher so far this year. Uber and LYFT surged yesterday after the two online car Hailing giants received a temporary extension from the California Court of appeals to reclassify their drivers as contractors rather than employees. < p > < p > the S & P 500 index continued to move sideways after hitting a record high this week. With signs that the economic recovery may be delayed for a long time, and due to the lack of support from new fiscal stimulus measures in the US domestic economy recently, investors feeling heavy pressure have returned to technology and home concept stocks. According to data released on Thursday, the IRS estimates that 229.4 million jobs can be classified as employees in 2021, which is about 37.2 million lower than the pre epidemic estimate of last year. The report predicts that the number of W-2 declarations will be lower than previously estimated until at least 2027. The number of declarations in 2027 is expected to be about 15.9 million less than originally estimated. The latest data released by the U.S. Department of labor on Thursday showed that the number of first-time jobless claims in the United States rose to more than 1 million after a brief improvement last week, highlighting that the recovery of the economy and labor market hit by the coronavirus epidemic still has a long way to go. “It’s just a temporary setback, the number of coronavirus infections is still high, but the situation is improving, and the process of reopening continues – but the pace of restart has slowed down, given the surge in infection cases in July,” said Robert Frick, corporate economic data for Navy Federal Credit Union “Although the return of jobless claims to 1 million is temporary, it highlights the fact that the U.S. economy is still suffering from a coronavirus,” Robert Frick said. Americans lose their jobs because of redundancies, bankruptcies and other factors that are too fast and confusing to accurately calculate the impact of weekly jobless claims. ” According to reports, former Vice President Joe Biden accepted the presidential nomination at the National Congress on the evening of the 20th. He will compete with current president trump for the White House. Analysts pointed out that this speech is a key opportunity for Biden to build up his campaign image and send signals to voters, which will have an impact on the next election campaign. Although Biden is currently ahead of his Republican rival, trump, who is seeking re-election in the polls, his road to the White House is still bumpy. Some analysts believe that some people in the US stock market have already made an election bet. Max anderl, head of concentrated alpha equity at UBS asset management, said: “since the beginning of the summer, the market has become more focused on elections and stock market prices have responded, for example, green energy has risen with Biden’s popularity.” < p > < p > the European economic recovery has stalled due to the impact of European entry-exit restrictions on summer tourism demand. According to data released by IHS Markit on Friday, the euro zone’s manufacturing PMI in August was 51.7, with an expected 52.9; and the service sector’s PMI was 50.1, with an expectation of 54.5. On the other hand, the number of new cases in a single day in many European countries has reached the highest in several months. France reported 4771 new cases on Thursday, the biggest one-day increase since April 14. In addition, new cases in Germany, Spain and Italy have recently reached a new high in recent months. The significant decline of European economy due to the drag of service industry shows that it is difficult to get out of recession smoothly, which also depresses the hope of V-shaped recovery. Although the rate of coronavirus infection is approaching the level during the strict blockade earlier this year, European governments have so far been reluctant to reintroduce the strict ban. In response to the latest economic data from the euro area, Andrew Harker, deputy director of Markit, said the economic rebound in the euro area lost momentum in August, highlighting the weakness of internal demand caused by the epidemic. In addition to the euro zone economic data, there are signs of a rebound in the European epidemic: in the past 24 hours, there were 4771 new cases in France, the largest one-day increase since April 14. Germany added 1707 new cases in the 24 hours to Thursday, the highest single day confirmed case since April. Russ mold, investment director of AJ bell, said, “the market seems to be gradually realizing that the world will have to face a longer duration of coronavirus outbreaks as local outbreaks and widespread infections increase in countries that lift the blockade.” In the UK EU negotiations, frost, the UK’s chief representative for brexit talks, said: “we will continue to work to reach an agreement. The talks are meaningful, but little progress has been made, and the next round of talks will be held in London the week of 7 September. ” The agreement needs to be ready by the end of October at the latest in order to have time to approve it, EU chief negotiator paniyer said. Negotiations have been slow this week. Disappointed and surprised that the negotiations did not accelerate. An agreement with the UK seems unlikely at this stage. There is not much time left and it is still possible to reach an agreement. According to the latest statistics of Johns Hopkins University, 800000 people have died of the new coronavirus. Microsoft co-founder Bill Gates predicted that “the worst is still ahead” and that the death toll will eventually rise by millions. In a recent interview, he explained that emerging markets, where health care systems and economies are already in trouble, will be the regions most suffering from the new outbreak. Gates predicted that the new outbreak is expected to end by the end of 2021, when a large number of effective vaccines will be available. PFE and bntx released the latest critical clinical phase 2 / 3 test results of the new crown vaccine. The data showed that the safety of bnt162b2 vaccine in the second test was higher than that of bnt162b1. The vaccine will be subject to regulatory review as early as October. The two companies expect to supply 100 million doses of vaccine this year and 1.3 billion doses by 2021. Novel coronavirus pneumonia vaccine candidate is scheduled for the three largest clinical phase study in early September,
Johnson said. Up to 60000 people will be recruited for phase III trials, according to a Johnson & Johnson spokesman and the US clinical trials database. The J & J trial will be the largest trial of the new crown vaccine so far. < p > < p > Apple (AAPL) may hold a press conference on September 10: new products such as iPhone 12 will be unveiled. According to the news, apple quietly launched a live test page today with the words test, which lists the date and countdown of September 10, which means that Apple may hold a press conference on that day. < / P > < p > Wall Street has raised the target price of NVDA, and new products may continue the growth momentum of the company. Bank of America expects the new product (7Nm Ampere) cycle to continue to grow in the long term as cyclical automotive industry and professional visualization data gradually recover in 2021. < / P > < p > Needham raised NVIDIA’s target price from $400 to $600. Wedbush raised NVIDIA’s target price from $500 to $525. Mizuho raised its target price from $400 to $525. Both Citigroup and Cowen raised their target price to $540. < / P > < p > Tesla is getting attention. The stock broke through the $2000 mark for the first time yesterday, with a market value of more than $370 billion. Tesla has risen by more than 370% so far this year, 470% from the March low of $350.51 and 1030% from the low of $176.99 in June last year.