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Powell tells Congress Fed’s in no rush to lower rates, Trump plans ‘large scale’ work force cuts, China's BYD links up with DeepSeek in AI threat to Tesla, Trump’s sons back penny stock causing 84% price jump, Schwab expands 24-hour trading to all its retail clients...

Good morning.

The Fast FivePowell tells Congress Fed’s in no rush to lower rates, Trump plans ‘large scale’ work force cuts, China's BYD links up with DeepSeek in AI threat to Tesla, Trump’s sons back penny stock causing 84% price jump, Schwab expands 24-hour trading to all its retail clients…

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Calendar: (all times ET) - Full Calendar

  • Today:
    Consumer price index, 8:30A

  • Tomorrow:
    Producer price index, 8:30A
    Initial jobless claims, 8:30A

Your 5-minute briefing for Wednesday, February 12:

BEFORE THE OPEN

As of market close 2/11/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 33.33% for Week of February 06 2025

Previous week: 40.96%. Updates every Friday.

Market Wrap:

  • Futures flat as markets await CPI data.

  • Powell signals no rush for rate cuts.

  • S&P 500 flat, Nasdaq -0.4%, Dow +0.3%.

  • Trump’s tariffs raise inflation concerns.

  • Earnings from CVS, Robinhood, Cisco ahead.

EARNINGS

Here’s what we’re watching this week:

  • Today: Reddit (RDDT), Robinhood (HOOD)

    • Cisco (CSCO) - earnings of $.91 per share (+4.6% YoY) on $13.9B revenue (+8.6% YoY)

  • Thursday: Airbnb (ABNB), Coinbase (COIN), DraftKings (DKNG)

    • Roku (ROKU) - analysts anticipate a per-share loss of $.41 vs its year-ago loss of $.55 per share

HEADLINES

The latest executive order by the president made clear that the billionaire’s cost-cutting team will have continuing oversight of the Civil Service.

The stablecoin economy has bipartisan support, with the backing of significant leaders from both parties. It seems the only question now is how tight regulation is going to be.

  • Powell tells Congress Fed in no rush to lower rates (more)

  • Nations denounce Trump tariff on metals and warn of retaliation (more)

  • Dollar takes a breather ahead of CPI (more)

  • Musk says DOGE is ‘what democracy is all about’ during Oval Office visit (watch)

  • CFPB on life support as senior staff exit (more)

  • China's BYD links up with DeepSeek in an AI threat to Tesla (more)

  • Tesla unwind gives options traders a way to hedge market selloff (more)

  • Anduril takes control of Microsoft’s $22B VR military headset program (more)

  • Reddit to deliver next big earnings test for AI-linked IPOs (more)

  • Schwab expands 24-Hour trading to all its retail clients (more)

  • Trump’s sons back friend’s penny stock, spurring 84% price jump (more)

  • JPMorgan defector aims to make Wells Fargo a Wall Street force (more)

  • California levies $1 billion assessment on insurers for LA fires (more)

Can Nvidia Recover from this Crash?

Nvidia (NVDA) crashed by 17% last week.

That’s over $589 billion in value wiped out in a single night.

Some investors believe Nvidia will once again go to its peak share price — that it’s just too essential a company to AI not to do so.

But there’s one voice saying otherwise…

Famed economist Porter Stansberry says Nvidia will crash again, “and when it does, it could lead to losses of 50% or more”...

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DEALFLOW

M+A | Investments

  • China's Jinjiang, Warner Bros sign deal framework for Harry Potter theme park in Shanghai (more)

  • Mint House, a NYC residential hospitality operator, acquired Locale, a company specializing in the residential hospitality industry (more)

  • Ana, a mobile power and air solutions company, received a $50M investment from S2G Investments (more)

VC

  • Harrison.ai, a global healthtech AI-powered medical diagnostic support and workflow solutions, raised $112M in Series C funding (more)

  • Stellaromics, a 3D spatial biology company, raised $80M in Series B funding (more)

  • Datalign Advisory, an AI platform matching consumers with leading financial advisors, raised $5M in Seed funding, at $75M valuation (more)

  • Sardine AI, an AI risk platform for fraud, compliance, and credit underwriting, raised $70M in Series C funding (more)

  • Endera, a tech and manufacturing company specializing in the electric bus market, raised $49M in its latest funding (more)

  • Moderne, an automated code refactoring and analysis company, raised $30M in Series B funding (more)

  • Positron, a developer of AI inference technology for artificial intelligence computing, raised $23.5M in funding (more)

  • Comulate, a tech company leveraging AI to innovate the insurance industry, raised $20M Series B funding (more)

  • ConverzAI, an AI-driven recruitment solutions company, raised $16M in Series A funding (more)

  • PHȲND, a subscription-free cloud gaming platform, raised $10M in Seed funding (more)

  • Levee Medical, a medical device company improving outcomes for prostate cancer surgery patients, raised $10M in Series B financing (more)

  • TECLens, a clinical-stage ophthalmic medical device company, raised $9.3M in Series A funding (more)

  • RM11, an adult content-sharing platform, raised $2M in Seed (more)

CRYPTO

  • Trump's crypto company launches strategic 'token reserve' (more)

  • Crypto custody firm BitGo said to weigh IPO as soon as this year (more)

  • Binance and SEC move to halt case, find an early resolution (more)

BULLISH BITES

🚫 Speaking of China - they’re drawing up a list of tech companies to sanction in case a trade war with the US picks up.

🪙 Getting rid of the penny introduces a new problem: nickels

🚀 How Arjun Sethi runs Kraken for crypto ‘hypergrowth’.

🌎 Apple is renaming Gulf of Mexico to Gulf of America on maps app.

DAILY SHARES

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