Good morning.
The Fast Five → SpaceX and Tesla consider merger, JPMorgan sees SpaceX tripling, Meta will split stock, Berkshire outruns chip stocks, and Netflix sinks as it grapples with slowing growth…
📌 Elon Musk: This could be 180 times bigger than SpaceX IPO →
(from Brownstone Research)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Tomorrow:
Flash Manufacturing PMI, 9:45A
Flash Services PMI, 9:45A
Rev Consumer Sentiment, 10A
Rev Inflation Expectations, 10A
Your 5-minute briefing for Thursday, October 22:
BEFORE THE OPEN
As of market close 10/21/2026.
Pre-Market:
Market Wrap:
Futures: Dow -72 (-0.1%), S&P -0.2%, Nasdaq -0.3%
Wed: Dow +360, S&P higher, Nasdaq +1%
S&P extended its winning streak to three days
Meta jumped 3% after strong earnings and guidance
Tesla beat revenue and profit expectations
AI stocks rallied on strong SpaceX results
Focus shifts to jobless claims and more earnings
EARNINGS
Here’s what we’re watching this week:
Today: *American Airlines $AAL ( ▲ 1.03% ), *Blackstone $BX ( ▼ 0.7% ), *Procter & Gamble $PG ( ▼ 1.56% ), *Spotify $SPOT ( ▼ 0.14% )
FRI: American Express $AXP ( ▲ 1.66% )
Man Gets into Cybercab…You Won’t
Believe What Happens Next
This man just got inside a Cybercab, Elon Musk’s new car that has no steering wheel or pedals.
What happens next will shock everyone.
- A sponsored message from Brownstone Research -
HEADLINES
Plus, Netfix shares fall on slowing revenue growth and French government bond yields cross 5%.
The company plans to offer new stock that wouldn’t dilute Mark Zuckerberg’s control stake.
S&P notches 3-day win streak, Nasdaq jumps 1% as SpaceX, Tesla rally (more)
NYSE is getting trounced in the battle for Wall Street’s biggest IPOs (more)
US aims to loan about a third of heating oil reserve in bid to tame prices (more)
Global diesel prices seen staying high despite Trump’s deal with Russia (more)
Meta posts Q3 revenue beat and strong guidance (more)
Tesla's Q3 earnings exceeds expectations (more)
Tesla says it will start selling Cybercabs by end of year (more)
JPMorgan sees SpaceX tripling (more)
Netflix sinks as Wall St. lowers price targets following Q4 forecast miss (more)
Supermicro stock jumps as server maker lifts revenue forecast (more)
Batterymaker CATL tumbles on earnings miss, competition fears (more)
IBM beats on top and bottom lines (more)
“I am giving you money!” Nvidia’s CEO wants every country to build own AI (more)
OpenAI to sell its top models on Google Cloud in latest enterprise push (more)
Berkshire outruns chip stocks, flashing a rare dot-com-era signal (more)
Investors eye proxy fight at Mattel (more)
DEALFLOW
M+A | Investments
Dangote buys 25% stake in Kenya Pipeline for $327M
Leena AI receives investment from IBM Ventures
Geneticure receives $1M investment from Xcellerant Ventures
Dan-O’s Seasoning receives investment from The Newcastle Network
Drove Aeropower receives investment from Afterburner Capital Management and Rule 1 Ventures
VC
Peak Energy, a developer of passively cooled sodium-ion energy storage systems for the grid, raised $108M in Series B funding
Blacksmith, an infrastructure platform for building and testing code, raised $66M in Series C funding
Mach9, an AI CAD platform for civil engineering, raised $34M in Series A funding
Mojo Vision, a flexible micro-LED technology platform, raised $24.4M in government funding
CapitalOS, a money orchestration layer service for B2B platforms, raised $21.9M in Series A funding
Firstwork, an applied AI platform for frontline workforce operations, raised $15M in Series A funding
Azoma, an agentic commerce optimization platform that helps brands drive revenue through AI shopping agents, raised $11.2M in Series A funding
Vectorial, a human behavior simulation platform for software and digital experiences, raised $3M in Seed funding
CRYPTO
BULLISH BITES
🌐 LIVE… From Inside Cybercab » *
💸 Elon Musk says money will be 'irrelevant'.
🏗️ The Kansas town that sued its own residents to build a data center.
📱 The iPhone Duo is a messy, expensive, good time.
🤝 How to make a friend: Tell the whole world you’re looking for one.
DAILY SHARES
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