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European Central Bank President Lagarde: Due to the lack of budgets submitted by member States, there is uncertainty. Elections in various countries also lead to their own uncertainties.Lou Feipeng, a researcher at the Postal Savings Bank: Strengthen the prevention and resolution of risks in the fields of real estate and small and medium-sized financial institutions. Lou Feipeng, a researcher at the Postal Savings Bank, told reporters that it is necessary to strengthen the prevention and resolution of risks in the real estate field and small and medium-sized financial institutions under the circumstances that a clear plan has been issued for the resolution of local government debt risks and targeted measures have been taken. (SSE)Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences: The risk of small and medium-sized financial institutions is the focus of risk disposal in the coming period. Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences, told reporters that with the implementation of the policy package to resolve local government debt risks, the local government debt risks have obviously converged recently. In contrast, risks in real estate and small and medium-sized financial institutions are still outstanding. In this context, the meeting took the risks of real estate and small and medium-sized financial institutions as the focus of risk disposal in the coming period, which made clear the focus and pointed out the direction for further financial risk disposal. Especially in the field of real estate, because of its long adjustment cycle and wide coverage, it is still the top priority of risk disposal. (SSE)

Federal Deposit Insurance Corporation (FDIC): As there was no one-off income from equity securities trading in the last quarter, bank profits declined, which was partially offset by strong net interest income; The bank reported that its quarterly net interest income increased by $4.5 billion and its net interest margin rose to 3.23%. Bank of America's profits fell by 8.6% to $65.4 billion in the third quarter of 2024.The Turkish Foreign Ministry said that Minister Feidan was in Turkey, after the Syrian Ministry of Information said earlier that he was in Damascus.Trump said Bezos would visit him next week.

Sony rose more than 2% and hit a new high. Institutions are optimistic about its unique positioning. SONY.US rose more than 2%, hitting a maximum of $22.67, a record high since February 2022. Sony's Japanese shares rose nearly 3% today, once again hitting a record high. In the news, Sony previously announced that for the current fiscal year that will end at the end of March next year, the expected operating profit will reach 1.31 trillion yen, about six times that of fiscal year 1999. Among them, the entertainment business is expected to contribute 60% of the overall profit, while the electronic business is no longer reported as a department alone. Yasuo Nakane, head of global technology research at Mizuho, explained that Sony has a horizontal axis in film, music, games and animation, and a vertical axis from production to distribution. The company also has electronic technology, including image sensors, cameras and software, which makes it in a unique position compared with Apple, Netflix or Samsung.Ceng Gang, chief expert and director of Shanghai Finance and Development Laboratory: To further improve the governance structure of the restructured small and medium-sized banks, Ceng Gang, chief expert and director of Shanghai Finance and Development Laboratory, told reporters that in the past, the risk disposal and resolution of small and medium-sized financial institutions have been promoted in an orderly manner. The overall idea is to reduce the amount and improve the quality through mergers and acquisitions, that is, to replenish capital during the merger and reorganization process, on the one hand, to effectively deal with the stock risks, on the other hand, to enhance the ability of new institutions to cope with competition and risks through the scale effect formed after the merger. (SSE)The Dow Jones Industrial Average was last reported at 44,200.59, up 0.12% in the day.