1. Today #以色列 The fourth airstrike hit the southern suburbs of Beirut, with reports of intensive attacks on Shia areas, including Abdul Karim Khalil Street and Maron Misk near the Shia Husseiniyeh neighborhood.

2. The United States faces major economic risks because its fertility rate has dropped sharply. The number of children born to each woman is 1.6, which is far below the replacement level. As the fertility rate decreases, the labor force decreases, affecting social security and economic growth.

Experts warn that fewer workers and a higher tax burden could destabilize key programs like Social Security while also slowing GDP growth, and growing awareness of the birth rate crisis could spark politically divisive policies.

3. An NBC News analysis of Census Bureau data found that about 40% of middle-class renter households are cost-burdened, a figure that has increased by nearly 20% since 2019, while the proportion of low-income households, which are already cost-burdened, has only increased by 2%

4. The fact that the labor market is no longer chronically tight does not mean a recession is imminent. Although Fed officials claim that the labor market is weakening rapidly, justifying rate cuts, current data shows no signs of weakening (Figure 1)

5. From the US election to now, the RMB exchange rate against the US dollar has been falling, but this decline just offsets the strengthening of the US dollar since the US election, thus keeping the trade-weighted#CFETSRMB exchange rate stable, and the RMB will not preemptively depreciate

6. Data from the U.S. Department of Labor, core #PPI Rising, yet they continue to cut interest rates? The Fed believes that inflation is approaching its 2% target, but in fact inflation is clearly above the Fed's 2% target, but they continue to cut interest rates. Although the U.S. stock market rebounded strongly after the election, inflation in 2025 is a big problem. Not cutting interest rates is equivalent to waiting for an economic recession. If interest rates are cut, inflation will rise further (Figure 2)

7. The overall net balance of business activity fell from +41% in June to +30% in October, the lowest level in two years, but US companies are still more optimistic than the global average, where the net balance fell to +24% (Figure 3)

8. It is reported that the US state of Pennsylvania has introduced a bill to purchase Bitcoin $BTC as a strategic reserve

9. Matthew Sigel, head of digital assets at VanEck, predicts that Bitcoin #BTC☀️ prices could reach $180,000 by 2025, citing strong market indicators and support for cryptocurrencies from the new U.S. leader. Sigel predicts that prices will continue to rise in the coming quarters.

10. The parent company of Ukraine's largest mobile provider called for an end to the war, noting that casualties from the ongoing invasion are rising

11. A certain country invested 1.3 billion US dollars to build a new port for Peru. A certain leader has arrived in Lima, Peru to attend the APEC summit and will hold an inauguration ceremony for the Chancay Deepwater Port, the largest port invested by a certain country in Latin America. Oh my god, it's the era of big money.