Wallstreetcn Morning Briefing | March 5, 2026

The US Senate did not pass the vote to halt Trump's actions against Iran. The US Secretary of Defense stated that the US-Iran conflict may last eight weeks or longer; Iran denied seeking negotiations, and Wang Yi said China will send a Middle East envoy to the region for mediation. US Treasury Secretary Besent said the 15% global tariff may be implemented this week, pledged to safeguard the Persian Gulf, and hinted at more measures to come, but the shipping industry questioned the escort promise. The ADP employment report exceeded expectations and stabilized; US February ADP employment increased by 63,000, the highest in three months. The US February ISM Services Index hit a new high since mid-2022, and the backlog of orders index surged unusually. China's official manufacturing PMI for February was 49, and non-manufacturing PMI was 49.5. China's February RatingDog manufacturing PMI jumped to 52.1, with strong domestic and external demand; new export order growth reached a five-year high. National People's Congress press conference: The key to technological development lies in independent and controllable core technologies, insist on expanding domestic demand, and will formulate a childcare services law. Middle East conflict led to Dubai flights being suspended; 20% of global gold logistics may be disrupted, and silver is also affected. COSCO Shipping: Due to the escalation of the Middle East conflict, new bookings for related routes are suspended effective immediately. Muxi Co., Ltd. expects Q1 revenue to increase by 25%-87% year-on-year, with non-recurring net loss narrowing by 4.00%-77.14%. Apple launched its most affordable laptop, MacBook Neo, priced under 4,600 yuan, entering the low-end PC market for the first time with an iPhone chip. AI revenue doubled, supporting Broadcom's record high last quarter revenue; this quarter's guidance also exceeded expectations, with plans to repurchase up to 10 billions. After a month, prices surged again; reports: Samsung Electronics Q1 DRAM price increase adjusted from 70% to 100%. Severe supply-demand imbalance; Nand flash memory prices are expected to rise 90% in Q1. Reminder: At 9:00 am today (UTC+8), the fourth session of the 14th National People's Congress opens. Related articles: Wallstreet Breakfast FM-Radio | March 5, 2026