[Morning Report] The investment god, Bank of America, resumes stock sales. If Moji Mask becomes a cabinet member, what if? Will the EV purchase tax deduction be abolished?

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Market's voice: Does the FRB Chairman support the expectation of consecutive 25bp rate cuts at Jackson Hole?
Regarding the speech by Chairman Powell of the FRB at the Jackson Hole meeting on the 23rd, analysts at Goldman Sachs expressed the view that there was a "slightly stronger conviction in the inflation outlook," while also emphasizing "further downside risks to the labor market." Goldman expects to cut rates by 25 basis points at each of the remaining three meetings this year, and they believe that Powell's speech will support this.
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Is the rate cut in September real? What is the extent of the rate cut? Attention to the global markets and Chairman Powell's remarks [Jackson Hole Preview]
Market's voice: Is the FRB Chairman adopting a dovish stance at Jackson Hole?
Bowman, FRB Governor [Key Figures Remarks/Economic Indicators]There are signs of inflation progress, but it still exceeds the 2% target.

The growth in US employment may have been much weaker than the reported figure, with Goldman Sachs forecasting a reduction of up to 1 million people.
At 23:00 Japan time, the US Bureau of Labor Statistics (BLS) will announce the revised benchmark values (preliminary values) for the period from April 23 to March 24 (one year). There is a possibility that US employment statistics may have been significantly weaker than initially expected. Some financial institutions predict that the growth in the number of employees over the past year until March this year may be at least 0.6 million people (approximately 0.05 million people per month) fewer than the current number. Even US Goldman Sachs is expecting a maximum decrease of about 1 million people.
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In August, the non-manufacturing activity of the Federal Reserve Bank of Philadelphia in the US hit a record low since 2020, with persistent inflation expectations.

Berkshire, Bank of America restarting sell-off, selling 14 million shares in the past few days = US individual stocks
$Bank of America (BAC.US)$dropped. Led by Mr. Buffett $Berkshire Hathaway-A (BRK.A.US)$has resumed selling the bank's shares in recent days, selling 14 million shares, approximately 0.55 billion dollars. The investment ratio in the bank has been reduced to 12%.

EU to lower additional tariffs on Tesla's Chinese-made EVs = US individual stocks
The European Union (EU) is reducing the additional tariffs levied on Tesla's electric vehicles (EVs) imported from China. The EU reviewed the sanctions it introduced against the Chinese government for unfairly subsidizing auto manufacturers. The European Commission announced a reduction in the additional tariffs on Tesla vehicles from the initial 20.8% to 9% after verifying that the subsidies received by Tesla from the Chinese government were lower than those received by other companies.

Former President Trump, considering the elimination of tax deductions for EV purchases = U.S. individual stocks
Former President Trump, a candidate for the Republican Party's presidential election, stated his intention to consider abolishing the $7,500 (approximately 1.1 million yen) tax deduction for electric vehicle (EV) purchases currently in place if he returns to the presidency. Additionally, $Tesla (TSLA.US)$is also considering appointing the CEO of Mask as a minister or advisor.
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If Kennedy withdraws from the race, he may also support Trump = Vice Presidential candidate

U.S. food industry opposes Harris's ban on 'price hikes'
The U.S. food industry is pushing back against Vice President Kamala Harris's claim that the industry is selling to consumers at higher prices. Harris has expressed the intention of the federal government to ban 'price hikes,' but corporate executives argue that costs have skyrocketed in recent years, from labor costs to raw material costs, and they must maintain profit margins to secure funds for developing new products.
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Mr. Harris supports Mr. Biden's tax hike proposal.

Eli Lilly and Co's weight loss drug reduces the risk of diabetes = clinical trial
US pharmaceutical giant $Eli Lilly and Co (LLY.US)$The obesity treatment drug "Zepbound" significantly reduces the risk of developing type 2 diabetes in people who are overweight and have high blood sugar levels, as revealed in a new clinical trial.

Can Apple's open touch payment give competitors an opportunity to capitalize?
USA $Apple (AAPL.US)$It is said to be opening some of their payment service Apple Pay's technology to other companies. However, rivals still need to communicate to consumers why they should choose them.
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U.S. Apple opens part of its Apple Pay payment service technology to other companies.

Mitsubishi UFJ Bank sells 24 million shares of u.s. bancorp, impact on stock price limited = U.S. stock individual.
Mitsubishi UFJ Bank announced on the 20th. $U.S. Bancorp (USB.US)$It announced the sale of 24 million shares of U.S. Bancorp. It amounts to just under 1.05 billion dollars. This was done in consideration of capital efficiency, with no change in the partnership with USB. Mitsubishi UFJ sold the additional shares it acquired by underwriting third-party allocation capital increase measures by USB in August 2023.