2023.11.29 Today’s Focus

1. Charlie Munger passed away peacefully in California on the 28th local time at the age of 99. Buffett mourns: Without him, Berkshire would not be what it is today.

2. US media: OpenAI is not expected to provide board seats to investors including Microsoft.

3. Pinduoduo’s US stock market capitalization and Alibaba’s have narrowed to about 10 billion US dollars. The former’s Q3 performance exceeded expectations, with revenue increasing by more than 90% year-on-year.

4. Kazakhstan: Due to the reduction in crude oil reception at the terminal, the oil production of the country's largest oil field decreased by 56% to 39,000 tons per day.

5. Sources: The progress of OPEC+ negotiations is difficult and the meeting may be further delayed. The continuation of the current policy is one of the potential possibilities.

6. Fed-Waller: If inflation continues to fall, there may be reasons to cut interest rates in a few months, and this has nothing to do with economic pressure. Williams: The recent news about the long-term stability of U.S. inflation expectations is basically reassuring. Bowman: If Anti-inflation progress has stalled, supporting further interest rate increases, Goolsby: Keeping interest rates high for too long is a worrying issue, Discount rate meeting minutes: All local Feds voted to maintain discount rates in October and November constant.

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