The main headlines that the global financial media paid attention to last night and this morning include:

Biden and Trump qualified to participate in the first debate in the US presidential election

A general station reporter learned on June 20, local time, that US President Joe Biden and former President Trump qualified for the first debate in the 2024 presidential election.

The US Cable News Network (CNN) is scheduled to host the first debate on June 27, local time.

CNN announced the rules of debate agreed by the two candidates. Both candidates' microphones will be muted throughout the debate, unless it is the candidate's turn to speak. According to the rules, moderators will also be able to “use all the tools at their disposal to limit time and ensure civilized discussions.” Unlike previous debates, there will be no studio audience for this debate.

Independent candidate Robert Francis Kennedy Jr., failed to qualify for this CNN debate.

Survey shows one-third of CFOs think the US election will affect investment

According to a survey, nearly one-third of the company's chief financial officers said they are delaying, cutting back, or permanently canceling their investments due to the uncertainty of the US presidential election. Monetary policy, inflation, and the labor market remain the main concerns over the next 12 months.

According to Duke University's Fuqua School of Business, this ratio is 28%, down from June 2016. At the time, about half of the chief financial officers said that political uncertainty caused them to plan to cut back on investment or recruitment. About 32% of respondents believe this year's election will influence investment decisions.

Fuku Business School, along with the Richmond Federal Reserve and the Atlanta Federal Reserve, conducted a quarterly survey of the company's CFO to ask about spending plans, economic prospects, major concerns, and other topics such as technology and its impact on the business. Fuku did not ask about the impact of political uncertainty during the 2020 presidential campaign.

A United Airlines passenger plane found that the inside of the hood had fallen off after takeoff

A United Airlines plane took off and turned back to a Connecticut airport after discovering that a part of the padding inside the hood had fallen off. This is not the first time for United Airlines; the company has made several flight mistakes this year.

An Airbus A320 took off from Hartford's Bradley International Airport on Thursday morning and is scheduled to land at Denver International Airport. According to a statement from the US Federal Aviation Administration, the crew heard “abnormal noise” during takeoff. The agency said it would investigate the incident.

United Airlines said in another statement that after landing, a part of the “muffler” installed under the hood fell onto the runway.

Gilead says its HIV vaccine is 100% effective in late-stage trials

According to the company, late-stage trial results showed that none of the approximately 2,000 women who received the Gilead vaccine lenacapavir were infected with HIV through mid-term analysis. This prompted the Independent Data Monitoring Committee to recommend Gilead blinded the phase 3 trial and provide treatment to everyone in the study. Other participants received a standard daily dose of medication.

These results bring Gilead one step closer to introducing a new form of pre-exposure prophylaxis (PrEP) and expanding its HIV business.

Driven by the above news, Gilead's stock price closed up more than 8% on Thursday.

Jared Baeten, vice president of HIV clinical development at Gilead, said, “What the world needs is for people to have more PrEP options so they can choose the one that works best for them.”

How long can dance on the tip of a knife last, and the US stock feast is all supported by tech giants

If a few large technology stocks that continue to drive the S&P 500 index higher are excluded, the market rally seems to be at the end of its strength.

As the index moves from one record high to the next, the number of stocks participating in this year's rally is getting smaller and smaller. According to data compiled up to the end of last week, nearly one-third of the constituent stocks hit monthly lows in the past month, far exceeding the number of stocks driving the stock index upward. In fact, only 3.2% of the constituent stocks reached a one-month high, including Apple (209.68, -4.61, -2.15%) and Nvidia, which recently became number one in the world in market capitalization.

“The bears are entering the market, while the bulls are still dancing on the tip of the sword,” said Andrew Thrasher, a technical analyst and portfolio manager at Financial Advisors Group. “Almost everything now depends on Nvidia and Apple. You don't need to do much to make this market fall”.

Wells Fargo: If Trump is elected President of the United States, it will pose a long-term risk to the US dollar

Wells Fargo said that if Donald Trump wins the US presidential election and successfully raises tariffs, then the dollar will receive a short-term boost, but the Fed's response to the subsequent economy may offset the boost the dollar received.

“If Trump is re-elected, tariffs may occupy an important position in policy,” Wells Fargo strategists Aroop Chatterjee and Erik Nelson wrote in a Thursday report. “Trade policy mainly poses an upward risk to the dollar, but the Fed's reaction is a key swaying factor.”

The strategist pointed out that the first half of the trade war during Trump's presidency provided support for the US dollar; in the second half of the year, as the Federal Reserve cut interest rates and “the trade war situation became a key driver of the Fed's policy,” the dollar weakened.

When Federal Reserve officials cut interest rates in 2019, they listed trade disputes as a risk to US economic growth.