Global news you need to know before the U.S. stock market opens on Friday

According to CCTV, in response to the "involution" competition among private enterprises, the National Development and Reform Commission is coordinating measures such as revising laws. The People's Bank of China: Establishing the Macro-Prudential and Financial Stability Committee of the People's Bank of China. U.S. non-farm payrolls added 73,000 jobs in July, far below expectations, with data for the previous two months significantly revised down by 258,000. Trump: If interest rates are not cut, the Federal Reserve Board should "take over management." Divisions among Federal Reserve officials! Bowman: Gradual rate cuts are appropriate as growth slows VS Waller: The Federal Reserve should not wait for the labor market to deteriorate before cutting rates. Hong Kong's "Stablecoin Regulation Draft" officially takes effect. The Hong Kong Stock Exchange optimizes pricing and public market regulations for new stocks, effective August 4. Eurozone inflation remains at 2%, supporting the view of cautious rate cuts by the European Central Bank. The Bank of Japan acknowledges "strong inflation" and prepares for interest rate hikes. South Korean stocks plummet! The Lee Jae-myung government unexpectedly introduces a tax increase plan, angering investors. Novo Nordisk's U.S. stock rises over 2% in pre-market trading, reports indicate that the U.S. will consider insurance coverage for weight loss drugs. According to Yicai, NVIDIA: There are no "backdoors" in the chips, and no one has remote access or control over these chips. Non-farm payrolls significantly below expectations! The dollar and U.S. Treasury yields both fall, U.S. stock futures and European stocks collectively decline, and spot gold rises sharply. The Nikkei 225 index closed down 0.7%, the Shanghai Composite Index closed down 0.37%, and the Hang Seng Index closed down 1.02%