Reaffirming that the army will be mobilized to expel all illegal immigrants, Trump's latest statement revealed more details. On December 12, local time, US President-elect Trump reiterated in an interview that he plans to use the army to the maximum extent permitted by law and promote large-scale expulsion of illegal immigrants. Trump called illegal immigrants "an invasion of the country" and promised to cooperate with federal resources, including the National Guard, to quickly implement deportation. It is reported that Trump plans to declare a state of emergency, allocate resources to support this action, and may build new facilities to resettle immigrants waiting for repatriation. He also stressed that he hopes to reduce the demand for detention facilities through rapid expulsion. The analysis pointed out that although the National Guard has been used to support border patrols before, including the Democratic and Republican parties, it has not directly participated in immigration law enforcement. This time, the Trump team plans to use the military to provide support in transportation, infrastructure construction and intelligence, but the arrest will be carried out by immigration officials. Trump also suggested in the interview that he would expel all illegal immigrants in the next four years. According to data from the US Department of Homeland Security, as of January 2022, there were about 11 million illegal immigrants in the United States, and this number may increase recently. In this regard, some studies believe that the full implementation of the plan is costly, or it will have a far-reaching impact on industries that rely on immigrant labor. On November 18, local time, US President-elect Trump confirmed on the social media platform that the US military would be mobilized by declaring the country into a state of emergency, thus expelling illegal immigrants from the United States. (CCTV News)CITIC Securities: It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. CITIC Securities Research Report believes that the Central Economic Work Conference will be held in Beijing. On the whole, the policy level is fully aware of the grim situation that external pressure may increase significantly within next year, and has put forward a series of requirements such as stable growth, stable prices, stable employment and stable people's livelihood. From the perspective of fiscal policy, the amount of financial instruments supporting the real economy will be comprehensively increased, the government's disposable financial resources will be significantly improved, and the fiscal expenditure structure will be tilted to the marginal consumption of people's livelihood. From the perspective of monetary policy, the meeting called for the implementation of a moderately loose monetary policy, timely lowering the RRR and cutting interest rates. We expect the reverse repo rate to drop by 40-50bps next year, and the LPR and loan interest rates may drop even more.Market News: The Canadian government sells its shares in Air Canada.
American family wealth climbed to a record high thanks to the rise of the stock market. Driven by the rise of the stock market before the US presidential election, American family wealth reached a record high in the third quarter. According to a report released by the Federal Reserve on Thursday, household net assets increased by nearly 4.8 trillion US dollars, up 2.9% from the previous quarter, reaching 168.8 trillion US dollars. The value of American stock holdings increased by 3.8 trillion US dollars, while the value of real estate decreased by nearly 200 billion US dollars. In the third quarter, investors benefited from the stock market rally, as the market expected the Federal Reserve to cut interest rates and Donald Trump to return to the White House next year. Since Trump won the election on November 5, the S&P 500 index has climbed to a new high due to the market expectation that the president-elect will promulgate a pro-business policy.In the third quarter of the United States, the net worth of households changed by $4,765.9 billion, and the previous value was $2,760 billion.The U.S. House of Representatives passed a bill to expand the judiciary.
The African Center for Disease Control and Prevention said that Congo will vaccinate children against Japanese monkeypox from next week.YiXixi sovereign bond yields in the euro zone rose by about 16 basis points at most. In 2024, the European Central Bank cut interest rates three times. The yield of French 10-year government bonds rose by 9.5 basis points to 2.987%, approaching the top of 3.032% on November 28th. US stocks briefly fell before the market, and reached a new low of 2.880% at 22:07 Beijing time (during the press conference of European Central Bank President Lagarde). The yield of Italian 10-year government bonds rose by 15.7 basis points to 3.348%, approaching the top of 3.410% on November 28th, and was on the rise all day, reaching a daily low of 3.218% at 21:56 (during Lagarde's press conference). Spain's 10-year bond yields rose by 11.6 basis points, while Greece's 10-year bond yields rose by 13.5 basis points.Italian 10-year bond yields rose 14 basis points to 3.33%.