华尔街日报-2021-09-28（搜搜报告）.pdf
* * * * *TUESDAY,SEPTEMBER 28,2021 VOL. CCLXXVIII NO. 75WSJ.comHHHH $4.00DJIA34869.3771.37 0.2%NASDAQ14969.97g0.5%STOXX600462.42g0.2%10-YR.TREAS.g7/32, yield 1.482%OIL$75.45$1.47GOLD$1,750.00$0.30EURO$1.1696YEN111.01ExamDrawsJump-RopeTut orsiiiChinesestudentsneedskippingskillstopassBYJONATHANCHENGBEIJINGChinese parentsspend dearly on tutoring fortheir children to get a jump onnational math and languageexams, the gateway to ad-vancement and a better life.Susan Zhang, a 34-year-oldmother in China s capital, isamong a smaller group forkingout big bucks for jump-ropelessons. She said she couldn tunderstand why her 6-year-olddaughter Tangtang couldn tcomplete two skips in a rowafter three months of trying.Morethanplaygroundprowess was at stake. In 2014,Chinese authorities introducedphysical-educationrequire-PleaseturntopageA10Washington, D.C., under-went one of the most dra-matic urban revivals of anyU.S. city during the past twodecades. Newcomers pouredin, businesses expanded anddevelopers transformed thearea with high-end condos,entertainment and shopping.The pandemic and risinghousing prices began coolingthat growth. The city lost anet of nearly 19,000 house-holds to moves in 2020, ac-cording to U.S. Postal Servicepermanent change-of-ad-dress data. That was morethan every state in the U.S.except California, New York,Illinois and Massachusetts.Like many other big cities,the district is grappling withBYMATTGROSSMANFacebookSuspendsPlan forChildrensInstagramDelay follows concernabout how platformcan negatively affectmental health in youthPanicked Drivers in U.K. Find Gas Stations Coming Up DryPUMPED: Vehicles line up at a Tesco station in Friern Barnet in London on Monday, after panic buying over the weekend de-pleted fuel supplies at stations across the U.K. A shortage of tanker drivers to ferry fuel across the country was blamed. A8NEIL HALL/EPA/SHUTTERSTOCKFord Motor Co. plans tobuild its first new U.S. assem-bly plant in decades, alongwith three battery factories,to fortify its push into elec-tric vehicles as the industryaccelerates green-tech invest-ments.The Dearborn, Mich., automaker said Monday that itplans to build two batteryfactories in Kentucky, as wellas a third in western Tennes-see alongside a new truck fac-tory that would begin produc-ing electric F-Series pickuptrucks by 2025.Ford expects to spend $7billion on the project, itsBUSINESS & FINANCECAA is acquiring rivalICM in a deal thatwould create a talentagency behemoth.B1Facebook Inc. said it wouldsuspend plans for a version ofits Instagram app tailored tochildren, a concession afterlawmakers and others voicedconcerns about the photo-sharing platform s effects onyoung people s mental health.Instagram head Adam Mos-seri said Monday that the so-cial-media service is pausingits work so that it can listen toconcerns and do more to dem-onstrate the value of the kidsversion, which was to be ad-free and allow parents to mon-itor children s activity.“I still firmly believe that it sa good thing to build a versionof Instagram that s safe fortweens, but we want to takethe time to talk to parents andresearchers and safety expertsand get to more consensusabout how to move forward,”Mr. Mosseri said on NBC.Facebook s move follows anarticle this month in The WallStreet Journal s Facebook Filesseries showing that the com-pany s internal research foundInstagram is harmful for a siz-able percentage of young us-ers, particularly teenage girlswith body-image concerns.“We make body image is-sues worse for one in threeteen girls,” said one slidefrom a 2019 internal presenta-tion, summarizing researchPleaseturntopageA6The Federal Reserve banksof Boston and Dallas said theirpresidents were resigning, fol-lowing reports of the twoleaders investment tradingthat prompted calls for theirdepartures and a central-bankreview of its ethics rules.The two banks gave differ-ent reasons for the exits. Dal-las Fed President Robert Kap-lan,a64-year-oldwhoisresigning effective Oct. 8., ac-knowledged in a statement re-leased by the bank that hisstock trading distracted fromthe Federal Reserve s work.The Boston Fed said itspresident, Eric Rosengren, also64, would retire Thursday,about nine months early, cit-ing health reasons. He said ina statement released by thebank that he was leaving as hehad qualified for a kidneytransplant to deal with a long-running condition.In most cases, regional Fedleaders must retire at 65.Mr. Rosengren s decisionfollows the recent disclosurethat he traded stocks andother investments related tothe real-estate industry lastyear while also helping to setmonetary policy. Disclosureforms for Mr. Kaplan showedmany millions of dollars intrading in stocks and invest-ments such as stock-marketfutures and interest-rate fundssince he became Dallas Fedpresident in 2015. While cen-tral-bank disclosure forms re-quire officials to provide datesfor trading, Mr. Kaplan s formreferred to “multiple” dates,and his bank has declined toprovide any transaction dates.The central bank said re-cently that it would under-take a review of its ethicsrules and make changes asneeded, and Fed Chairman Je-rome Powell at a news confer-ence last week declined tovoice clear support for thePleaseturntopageA2BYMICHAELS.DERBYTwoFedLeaderstoStepDownFollowingTradingControversyhow to stem the outflow ofAmericans seeking easierand more affordable lives.Unlike many big cities, it hasa particular challenge thatcould spell trouble for thelong term.The 61-square-mile U.S.capital relies heavily on thefederal government as itsbiggest employerand offi-cials have signaled that re-mote work is here to stay.That effect is trickling downto the legion of businesses inthe government s orbit, withsome federal contractors,lobbyists and think tanks of-fering similar flexibility.Residential changes haverippled across the region,PleaseturntopageA10BYJULIEBYKOWICZANDPAULOVERBERGPandemicHitsD.C.Especial l yHar dRemote government work, hi gh housi ngpri cespose chal l engesi n ci ty srecoveryChina Lifts Exit BanOn Two AmericansChina has let go two Amer-icans who have been bannedfromleavingthecountrysince 2018 and allowed themto return to the U.S. followinga Justice Department dealwith a Chinese technologycompany executive, accordingto people familiar with thesituation.The exit from China of Vic-tor Liu and Cynthia Liu overthe weekend coincided withthe U.S. deal last week thatfreed Huawei Technologies Co.Chief Financial Officer MengWanzhou and the almost si-multaneous departure fromChina of Canadian prisoners.A State Department officialconfirmed that the Massachu-setts siblings, both in their20s, returned to the U.S. onSunday after more than threeyears of being subject to avague “exit ban” from China.The pair had faced no allega-tions of wrongdoing in thecountryandwerefreetomove around China, just notleave it.The official said that theU.S. welcomes their return,thatconsularofficialsinShanghai handled the matterand that the U.S. opposes theuse of coercive exit bans. Theofficial said the U.S. wouldcontinue to advocate on be-half of all American citizens inChina subject to such bansand arbitrary detentions.PleaseturntopageA6By Liza Lin,Andrew Restucciaand James T.Areddy Housing-affordabilityproblems mount globally. A8Ford Boosts Its BetOn Electric VehiclesWith New Factorieslargest manufacturing invest-ment in history, and collabo-rate with battery maker SKInnovation Co. of South Ko-rea, to construct the batteryfacilities.SK plans to put $4.4 billioninto the effort, which alto-gether would create 11,000new jobs and provide enoughcapacity to build batteries forone million electric vehicles ayear, the companies said.The move amounts to amajor bet on electric cars asthe company and other tradi-tional auto makers try toclose ranks on EV leader TeslaInc., even as their profits con-tinue to be fueled by large,PleaseturntopageA2BYMIKECOLIASINSIDEU.S. NEWSMusician R. Kelly wasconvicted of all ninecounts in his sex-abusetrial in New York.A3ELIZABETH WILLIAMS/ASSOCIATED PRESSLearn more atDellT APEX,technol ogyas- a- service that scal eson demand,so nothing hol dsyou back.As-a-service,at your service.CONTENTSArts in Review. A13Business News. B3,5Capital Journal. A4Crossword. A13Heard on Street. B10Markets. B9Opinion. A15-17Personal Journal.A11-12Sports. A14Technology. B4U.S. News. A2-4Weather. A13World News. A8-9s 2021 Dow Jones & Company, Inc.All Rights ReservedWhatsNews Senate Republicansblocked a Democratic billthat would both fund thegovernment and raise thecountry s borrowing limit,just days before the govern-ment runs out of money.A4NewYorkstate shealth-caresystemisbracingforstaffshortagesasavaccinemandatetakeseffectatmid-nightMonday,inatestcaseofhowsimilarrequirementswillplayoutacrosstheU.S.A3ChinaletgotwoAmericanswhohadbeenbannedfromleavingthecountrysince2018andallowedthemtoreturntotheU.S.afteraJusticeDepart-mentdealwithaChinesetechcompanyexecutive.A1ThePentagon stopmili-taryofficerdiscussedwithhisRussiancounterpartanappar-entofferfromPutintousehismilitary sbasesinCentralAsiatorespondtoanyemergingterroristthreatsinAfghani-stan,U.S.officialssaid.A8The number of homicidesin the U.S. rose nearly 30%in 2020 from the prioryear to 21,570, the largestsingle-year increase everrecorded by the FBI.A3R. Kelly was found guiltyof leading a racketeering en-terprise and using his entou-rage to recruit women andunderage girls for sex.A3Afghanistan s economy ison the verge of collapse fol-lowing the U.S. exit in Augustand the Taliban takeover, in-ternational experts say.A9The Biden administrationproposed a means of sal-vaging the DACA programfor young immigrants.A4Facebook said it wouldsuspend plans for aversion of its Instagramapp tailored to children, aconcession after lawmakersand others voiced concernsabout the photo-sharingplatform s effects on youngpeople s mental health.A1Huobi, one of the world slargest cryptocurrency ex-changes, said it would closeall user accounts in mainlandChina by year s end, days af-ter the country s centralbank declared all crypto-re-lated transactions illegal.B1 The Federal Reservebanks of Boston and Dallassaid their presidents wereresigning, following reportsof the two leadersinvest-ment trading that promptedcalls for their departures.A1Ford plans to build itsfirst new U.S. assembly plantin decades, along with threebattery factories, to fortifyits push into electric vehiclesas the industry acceleratesgreen-tech investments.A1Merck is in advancedtalks to acquire Acceleron,in a move that would bolsterthe pharmaceutical giant srare-disease business.B1 CAA is acquiring rivaltalent agency ICM in an-other sign that Holly-wood s traditional businessmodel is being upended.B1 Blackstone reached anagreement to sell the Cos-mopolitan casino and hotelon the Las Vegas Strip for$5.65 billion.B1 The S&P 500 and Nas-daq declined 0.3% and0.5%, respectively, whilethe Dow gained 0.2%.B9Business&FinanceWorld-Wide.更多细分领域报告请关注搜搜报告（s o s o y a n b a o ），行研君胃：s o s o b a o g a oA2| Tuesday, September 28, 2021* * * *THE WALL STREET JOURNAL.U.S. NEWSOrders for appliances, com-puters, cars and other durablegoods increased in August,though factory operators con-tinued to confront parts andlabor shortages as well ashigher material costs.New orders for productsmeant to last at least threeyears increased 1.8% to a re-cord seasonally adjusted $263.5billion in August as comparedwith July, the Commerce De-partment said Monday, mark-ing the biggest increase sinceMay. Economists surveyed byThe Wall Street Journal hadforecast a 0.6% increase.Orders increased 0.5% inJuly from the prior month, upfrom an earlier estimate forthat month that had shown a0.1% decline. Demand for dura-ble goods has increased in 15of the last 16 months after anApril 2020 low point.Transportation equipment,up three of the past fourmonths, helped boost the in-crease in August. That cate-gory was up 5.5% from July.Deplenished business andretail inventories have trans-lated into increased demandfor manufacturers, but supply-chain bottlenecks continue toconstrain production and de-lay some shipments. The DeltavariantofCovid-19,whichstarted its surge earlier duringthe summer, presents anotherthreat.New orders for nondefensecapital goods excluding air-craftso-called core capital-goods, a closely watched proxyfor business investmentwereup 0.5% in August comparedwith the previous month.“This is an encouragingsign that businesses are in-vesting at a very healthy pace,consistent with an optimisticoutlookforthecomingmonths,” said Chad Moutray,chief economist for the Na-tional Association of Manufac-turers. “It also mirrorsin myviewthe record pace of jobopenings in the sector, withfirms also investing more inhuman capital.”Year to date, new orders fordurable goods are up 24.7%compared with the same pe-riod a year earlier. Shipments,meanwhile, are up just 14.1%.BYJOHNMCCORMICKOrders forDurableGoods HitA RecordTHE WALL STREET JOURNAL(USPS 664-880)(Eastern Edi ti on I SSN 0099-9660)(CentralEdi ti on I SSN 1092-0935)(Western Edi ti on I SSN 0193-2241)Edi tori aland publ i cati on headquarters:1211Avenue of the Americas,New York, N. Y.10036Published daily except Sundays and generallegal holidays.Periodicals postage paid atNew York, N. Y. , and other mailing offices.Postmaster: Send address changes toThe Wall Street Journal, 200 Burnett Rd. ,Chicopee, MA 01020.All Advertising published in The WallStreet Journal is subject to the applicablerate card, copies of which are availablefrom the Advertising Services Department,Dow Jones & Co.Inc. , 1211Avenue of theAmericas, New York, N. Y.10036.TheJournal reserves the right not to accept anadvertisers order.Only publication of anadvertisement shall constitute finalacceptance of the advertisers order.Letters to the Edi tor:Fax: 212-416-2891;email: wsj. ltrswsj. comNeed assi stance wi th your subscri pti on?By web: customercenter. wsj. com;By email: wsjsupportwsj. comBy phone: 1-800-JOURNAL(1-800-568-7625)Repri nts & l i censi ng:By email: customreprintsdowjones. com;By phone: 1-800-843-0008WSJ back i ssues and framed pages:wsjshop. comOur newspapers are 100% sourced fromsustai nabl y certi fi ed mi l l s.GOT A TI P FOR US?SUBMI T I T AT WSJ.COM/TI PSReaders can alert The Wall Street Journal to any errors in news articles byemailing or by calling 888-410-2667.Lareina Yee, a senior part-ner at McKinsey & Co., is thefirm s former chief diversityand inclusion officer. A JournalReport article on Monday aboutthe pandemic s toll on women scareers incorrectly said she isthe firm s current chief diver-sity and inclusion officer.Notice to readersWall Street Journal staffmembersareworkingre-motely during the pandemic.For the foreseeable future,please send reader commentsonly by email or phone, usingthe contacts below, not viaU.S. Mail.CORRECTIONS AMPLIFICATIONSNewdurablegoodsordersNote: Seasonally adjustedSourc e: U. S. Census Bureau v i a St. L oui s F ed$ 2 5 005 01 0 01 5 02 0 0billionJan.2 1Jan.2 0 2 0Aug.2021$263.5BSTEVEN SENNE/ASSOCIATED PRESSsee is one stat
