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Unfazed by poor US bond auctions, S&P rises over 2% to its best level in nearly two years, with chip stocks up about 7%, NVIDIA up over 6%, US bonds and yen both fall for three consecutive days, and digital currencies see a big rebound. The number of initial jobless claims in the US last week was 233,000, lower than expected and the previous value, marking the largest drop in a year; however, the number of continued jobless claims rose to a 33-month high. Copper inventories in Asia surged to their highest level since mid-2018. Trump: My intuition is stronger than Powell's, and the president should have some say in Fed policy. Summary of the Bank of Japan's July meeting shows that officials do not see a 15 basis point rate hike as tightening. Moutai's net profit attributable to shareholders in the first half of the year was 41.696 billion yuan, a year-on-year increase of 15.88%. SMIC's net profit in the second quarter was $164.6 million, significantly exceeding expectations, but down nearly 60% year-on-year. Eli Lilly's second-quarter revenue and profit both significantly exceeded expectations, leading to an upward revision of its full-year performance guidance, with its stock price surging by as much as 13%. Disney, Airbnb, Hilton, and energy drink giant Monster issue warnings in their financial reports, signaling a "definite weakening" in US consumption. Softness in the US "reindustrialization" as Rockwell and Emerson both lower their guidance