<h3>U.S. Stock News</h3><ol><li>Is FSD about to enter China? Tesla customer service stated that they are indeed preparing for this, but there is no official news on the specific implementation time.</li><li>The U.S. National Highway Traffic Safety Administration stated that Tesla is recalling 125,227 vehicles in the U.S. because the seat belt warning system failed to remind passengers to fasten their seat belts, which may increase the risk of injury in accidents. Tesla will release an OTA software update to address the seat belt warning issue.</li><li>Jia Yueting released a clarification video regarding the &#34;risk disclosure&#34; of the 2023 financial report that caused misunderstandings and rumors. Jia Yueting stated, &#34;Jia Yueting and FF acknowledging that the company can never be profitable&#34; is completely untrue. This is a misinterpretation and even a rumor of a sentence from our financial report's risk disclosure section, 'It may never achieve or sustain profitability.'</li><li>According to Reuters, industry sources said on Thursday that Airbus is facing new pressure to increase aircraft production in the near term due to shortages of components and labor. It is currently unclear whether this slowdown will jeopardize the delivery target for 2024. However, sources said that the assembly of several dozen aircraft may be delayed in the second half of the year.</li><li>According to The Wall Street Journal, hedge fund Pershing Square's founder and manager Bill Ackman plans to take Pershing Square public through an IPO, with the company valued at around $10.5 billion.</li><li>According to LatePost, on May 31st, ByteDance's gaming business announced the latest adjustments. Zhang Yunfan joined ByteDance Games as the head of ByteDance Games, reporting to ByteDance's HR head Hua Wei. He took over Muting in April, and now he is in charge of Chaoxiguangnian and the UGC (User-Generated Content) department.</li></ol><h3>Pre-market Movers</h3>In pre-market trading, the three major U.S. stock index futures are down, while the fear index is slightly up.Bitcoin is currently trading at $68,175, up nearly 1% in the past 24 hours; Ethereum is trading at $3,773, up over 1% in the past 24 hours.Meme stocks and tech stocks are mixed, with cryptocurrency-related stocks generally up and Chinese concept stocks generally down.Faraday Future Intelligent Electric (FFIE) surged by 26% at one point, now up around 19%; Crown ElectroKinetics (CRKN) surged by over 15% at one point, now up by 3%; GameStop (GME) and AMC Entertainment (AMC) fell by over 1%.XPeng leads the decline by over 4%, while Alibaba, JD.com, Li Auto, NIO, NetEase, Baidu, and Pinduoduo fell by over 2%, and Bilibili slightly declined.AMD fell by over 1%, while Tesla, Meta Platforms, Apple, and Amazon are down, NVIDIA and Microsoft are slightly up.Microstrategy, Marathon Digital, and Coinbase all saw slight gainsIn terms of individual stocks, Fangdd Network fell more than 14%, with a cumulative decline of over 50% in the past 8 days.Kaixin Auto surged over 11% at one point, currently up 4%.Dell Tech plummeted by 18% at one point, now down 15%, with its profit forecast lower than market expectations.<h3>Strategy Review</h3>1. Will the Fed's favorite inflation gauge hit a 3-year low?At 20:30 Hong Kong time today, the U.S. Department of Commerce will release April PCE related data. Most investment banks predict that the core PCE price index for April will show slight improvement, hitting a three-year low year-on-year growth. However, this may still not be enough to prompt the Fed to cut interest rates early.2. Salesforce leads the plunge, U.S. software stocks collapse across the board, is it transform or die in the AI era?Software companies are facing their worst earnings season ever! The pressure is on for them to accelerate their AI transformation, impacting capital expenditures in areas such as marketing; on the other hand, their customers are also heavily investing in AI, squeezing investment in traditional software.3. JP Morgan: Beware! U.S. liquidity is starting to dry upSince the beginning of this year, the S&amp;P 500 Index (SPX) has risen by 10%, and the Nasdaq Composite Index (COMP) has risen by 13%. At the same time, the actions of corporations and speculative investors regarding the U.S. dollar are starkly different. Corporations are starting to unwind a significant amount of their short USD positions, while speculative investors are unwinding a large number of their long USD positions

Faraday Future Intelligent Electric surged 26% in pre-market trading, now up around 19%; CRKN surged over 15% at one point, now up 3%; GameStop GME and AMC Entertainment fell over 1%. Fangdd Network fell over 14%. Dell Tech plummeted 18% at one point, now down 15%. XPeng dropped over 4%, Alibaba and JD.com fell over 3%

LB Select

Faraday Future Intelligent Electric

Crown ElectroKinetics

GameStop

AMC ENT

Fangdd Network

Dell Tech

XPeng

Alibaba

JD.com

Li Auto

NetEase

Baidu

Bilibili

Alphabet

Alphabet - C

Meta Platforms

Microsoft

Amazon

Apple

NVIDIA

Tesla

Strategy

Coinbase

Mara

Kaixin

XPENG-W

Pre-market US Stocks | FFIE Soars, Chinese Concept Stocks Plunge! Market Focuses on US April PCE Tonight