Meta's 9-figure recruitment

CPI preview: Inflation expected to tick higher, Bessent emerging as a contender to succeed Fed’s Powell, Meta launching AI superintelligence lab with 9-figure pay push, Tesla rallies on robotaxi hopes, and CoreWeave and Palantir get meme stock comparisons as shares soar...

Good morning.

The Fast Five CPI preview: Inflation expected to tick higher, Bessent emerging as a contender to succeed Fed’s Powell, Meta launching AI superintelligence lab with 9-figure pay push, Tesla rallies on robotaxi hopes, and CoreWeave and Palantir get meme stock comparisons as shares soar…

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Calendar: (all times ET) - Full Calendar

  • Today:
    Consumer price index, 8:30A
    Monthly federal budget, 2:00P

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

Your 5-minute briefing for Wednesday, June 11:

BEFORE THE OPEN

As of market close 6/10/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 32.66% for Week of JUN 05 2025

Previous week: 32.89%.

Market Wrap:

  • • Futures: S&P 500 -0.16%, Nasdaq 100 -0.17%, Dow -55 pts (-0.14%)
    • US–China reached draft trade deal; Trump approval pending
    • Tue: S&P 500 +0.6%, Nasdaq +0.6%, Dow +0.3% Tuesday
    • CPI report due today: est +0.2% MoM, +2.4% YoY
    • Fed expected to stay patient unless inflation surprises
    • Earnings: Chewy, Oracle

EARNINGS

No earnings watched today.

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- from Behind The Markets -

HEADLINES

With the Fed's next policy meeting looming, investors are wary of signs the president's tariffs are hitting consumers.

Meta’s Zuckerberg is personally creating a new "superintelligence" team dedicated to building the world's most advanced AI platform, and splashing out nine-figure packages to hire top talent.

  • Wall Street ends higher as investors track US-China trade talks (more)

    • US-China trade, export control talks push through second full day in London (more)

  • World Bank sharply cuts global growth outlook on trade turbulence (more)

  • Bessent emerging as a contender to succeed Fed’s Powell (more)

  • US small business sentiment improves in May (more)

  • Morgan Stanley urges bond traders to bet on easing inflation (more)

  • Fund managers lobby Congress over Section 899 to avert foreign investors leaving the US (more)

  • CoreWeave and Palantir get meme stock comparisons as shares soar (more)

  • Tesla rallies on robotaxi hopes as Musk-Trump feud subsides (more)

  • GameStop stock slides as sales decline (more)

  • Boeing airplane orders rise to highest level since late 2023 (more)

  • GM to invest $4 billion in US manufacturing plants amid tariffs (more)

  • IBM announces new quantum processor, plan for Starling supercomputer by 2029 (more)

  • UBS weighs options after Swiss regulator calls for $27B capital raise (more)

  • Paramount to lay off 3.5% of US staff in latest job cut (more)

  • China now owns 20% of global ad market (more)

DEALFLOW

M+A | Investments

  • Brown & Brown to acquire Accession Risk Management for $9.83B

  • Agnelli Family eyes ~$2.3 B US/Europe acquisition

  • Live Nation to invest $1 billion in US music venues (more)

  • Arcos, a field ops and workforce management solutions provider for utilities, received a new strategic growth investment from Bain Capital

VC

  • Wealthbox, a CRM software platform for financial advisors, received a $200 M strategic majority investment

  • Atraverse Medical, a medical device company, closed a $29.4 M follow‑on financing round

  • Somnee, a sleep technology company, raised $10 M in Seed funding

  • Shovels, an AI‑powered building insights and analytics platform, closed a $5 M Seed funding round

  • Trustible, an AI governance platform enabling safe and compliant AI deployment, raised $4.6 M in funding

  • HighGround, a SaaS platform enhancing access to the U.S. government market, raised Seed funding

  • VODA.ai, an platform that helps utilities manage aging water infrastructure, raised Series A funding

CRYPTO

  • Circle’s wild IPO sparks ETF rush betting on the hot stablecoin stock (more)

  • Bitcoin pulls back after latest push toward record falls short (more)

  • Growing stacks of Bitcoin long-term holders signals bullish outlook (more)

BULLISH BITES

💰 Why Buffett and 100 members of Congress are piling into this one investment * 

👎 Why the Warner Bros. Discovery merger was doomed from the start.

💧 An average ChatGPT query uses ‘roughly one-fifteenth of a teaspoon’ of water.

🚖 Taxicab Geometry: Welcome to a city where pi equals 4 and circles aren’t round.

👟 The Best Sneakers of 2025, according to GQ.

DAILY SHARES

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