BEFORE THE OPEN

MARKETS:

• Stock futures nearly unchanged.

• Short-term agreement in Washington averts government shutdown.

• Dow down 0.2%, S&P 500 up 0.01%, Nasdaq up 0.67%.

• 10-year Treasury yield tops 4.7%, highest since October 2007.

• September marked by disappointing stock performance.

• Key reports including payroll data and earnings season ahead.

• Today: Job Openings and Labor Turnover Survey for August, with expectations of 8.8 million job openings.

EARNINGS

Here’s what we’re watching this week:

• Tuesday: McCormick & Company (MKC)

• Wednesday: Tilray (TLY)

• Thursday: Lamb Weston (LW), Conagra (CAG)

• Full earnings calendar here

NEWS BRIEFING

Biden Signs 45-Day Funding Bill to Keep Government Open

Trial of Former FTX Head Sam Bankman-Fried Set to Begin Tuesday

• Big tech spared as bond selloff rattles stocks (more)

• US bond market signals the end of an era (more)

• Student loan bills resume for 40 million Americans (more)

• US warned China to expect updated export curbs in October-US official (more)

• Fed Chair Powell visits York to talk about the economy with business leaders (more)

• US manufacturing sector nears recovery; construction spending solid (more)

• Trump's civil fraud trial in New York explained (more)

• China Evergrande shares set to resume trade today (more)

• Euro Falls to Weakest Level This Year While Dollar Gains Show No Sign of Easing (more)

• Canada Stocks Erase 2023 Gain, Fall Further Behind US Peers (more)

• GM furloughs another 160 workers due to UAW strike (more)

• World’s second richest man LVMH's Bernard Arnault under investigation in Paris over connections to Russian oligarch (more)

• Microsoft CEO calls Google mobile search argument 'bogus' (more)

• WeWork Misses $95 Million in Interest Payments (more)

• UAW workers and Mack Trucks reach deal to avoid strike (more)

• Tesla misses estimates for quarterly deliveries, factory 'downtime' to blame (more)

• Airbnb Is Fundamentally Broken, its CEO Says. He Plans to Fix It (more)

• Hedge funds using computers to sell up to $30 billion of stocks soon - UBS (more)

• Venture capital is opening the gates for defense tech (more)

• Kaiser Permanente workers say deal unlikely to avert strike (more)

• Retail theft proving to be 'very serious issue' for industry (more)

• Spirit Aero CEO resigns as former Boeing exec named interim head (more)

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DEALFLOW

• Bain Capital reportedly considers U.S. LBM stake sale at $7B value (more)

• Bain, Cinven are said to pick banks for €10 billion Stada exit (more)

• Bain Capital invests in Masan (more)

• Bill Ackman interested in a deal to take Elon Musk’s X Public (more)

• Wells Fargo sells $2 billion stake in Norwest Fund Investments (more)

• SingTel to sell stake in Trustwave for $205 million (more)

• Cultivate Power, a distributed solar and storage project developer, raised a $10M investment from Generate Capital (more)

• Kafene, a provider of a point-of-sale financing platform, raised additional $12.6M in Series B funding (more)

• AI Clearing, a provider of an AI-powered autonomous construction progress tracking and quality control platform, raised $14M in Series A funding (more)

• Health Data Analytics Institute (HDAI), an artificial intelligence (AI) company focused on empowering clinicians, optimizing care pathways, and improving patient outcomes, received $31M in Series C financing (more)

• League One Volleyball (LOVB), a volleyball professional league, raised $35M in funding (more)

• Farther, a wealth management firm, raised $31M in Series B funding; valued at $131M (more)

• Health Data Innovations, a healthcare data integration platform for care providers and payers, received an investment from Hughes & Company (more)

• BXVentures, a venture studio and climate tech specialist, launched a global climate tech venture studio fund (more)

• Titan Flood, a managing general agent (MGA) specializing in the private residential flood market, received an investment from K2 Insurance (more)

• Qube Technologies, a provider of continuous emissions monitoring technology, received a Series B funding from Riverbend Energy Group (more)

M & A:

• Slate Capital-backed O’Donnell Metal Deck acquires Tombari Structural Products (more)

• Rithm Capital purchases Specialized Loan Servicing (more)

• ZCG-backed Unimed buys MedSupply Florida (more)

• Advent, Warburg Pincus acquires Baxter’s BioPharma Solutions Business (more)

• TPG acquires Forcepoint’s G2CI cybersecurity business (more)

• Stanley Capital Partners purchases Roboyo (more)

CRYPTO

• ‘Shocking’ leak blows up mystery of Bitcoin creator Satoshi Nakamoto (more)

• Ether-futures ETFs are making their US debut in industry victory (more)

• Ex-SoftBank executive sets up stablecoin to dodge high inflation (more)

• Bankrupt Celsius says restart is Crypto customers’ best option (more)

BULLISH BITES

🎃 The $650M+ Spirit Halloween Business
Spirit Halloween has over 1,450 pop-up shops and makes all its money in only 2 months → Trunge

♟. The Game Theory of the Auto Strikes
As the United Auto Workers strike against Detroit’s Big Three drags on, a classic behavioral theory provides a way to figure out how long they may continue → Wired

🧨 Why the Impact From Higher Rates May Still Be Coming → Bloomberg

DAILY SHARES

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