Good morning.
The Fast Five → Fed holds rates steady, Traders brace for $800B in earnings-related stock movement, oil hits wartime high soaring past $125, Uber expands into hotels in "everything app" push, and NACHO is the new word on Wall Street…
📌 How to make 14 times more than SpaceX IPO →
(from Brownstone Research)
Calendar: Full Calendar »
Today:
Advance GDP q/q, 8:30A
PCE Price Index m/m, 8:30A
Unemployment Claims, 8:30A
Tomorrow:
ISM Manuf. PMI, 10:00A
ISM Manuf. Prices, 10:00A
Your 5-minute briefing for Thursday, Apr 30:
BEFORE THE OPEN
As of market close 4/29/2026.
Pre-Market:
Market Wrap:
Futures mixed Dow -161, S&P +0.4%, Nasdaq +0.9%
Wednesday flat S&P +0.04%, Nasdaq +0.04%, Dow -280 (5th loss)
Meta -7% on weak users and capex miss
Alphabet +7%, Amazon +3% on strong cloud growth
Fed held rates steady with rare dissent split
Oil rises as US signals extended Iran blockade
Big data ahead GDP, PCE, jobless claims
EARNINGS
Here’s what we’re watching this week:
Today: *Eli Lilly $LLY ( ▲ 7.96% ), Roku ROKU, *Wayfair $W ( ▼ 11.1% )
FRI: *Chevron $CVX ( ▲ 0.3% ), *Estee Lauder $EL ( ▲ 1.11% ), *Exxon $XOM ( ▼ 0.07% )
No One’s Talking About Musk’s Other IPO
Some of the top minds in tech…
Like Ark Invest's Cathie Wood…
Or futurist Peter Diamandis…
Believe Elon is starting a brand-new company.
And it could 70X investors' money.
But they are NOT talking about SpaceX.
- a sponsored message from Brownstone Research -
HEADLINES
Options traders are pricing in more than $800 billion of market cap movement after the bell.
“We thought we were getting a TACO — ‘Trump Always Chickens Out.’ But so far we are getting a NACHO — ‘Not A Chance Hormuz Opens.’”
Wall Street ends mixed ahead of big tech earnings (more)
Trump says he rejects Iran Hormuz offer, keeps blockade (more)
Trump met with oil firms on possible months-long extension of Iran blockade (more)
Fed holds rates steady but with highest level of dissent since 1992 (more)
Brent crude hits wartime high, soaring past $125 (more)
Gold falls for third day as war heightens inflation risks (more)
Alphabet stock rises after earnings beat on cloud growth (more)
Microsoft tops estimates, says AI business up 123% year over year (more)
Amazon's AI spending boom is eating into free cash flow (more)
Meta stock falls on AI spending plans despite earnings beat (more)
Bill Ackman’s Pershing Square USA starts trading well below IPO price (more)
Uber expands into hotels in "everything app" push (more)
PayPal plans to make Venmo into a separate unit (more)
DEALFLOW
M+A | Investments
Universal Music to sell half its Spotify stake for buybacks
Ares to acquire Rover natgas pipeline stake from Blackstone
VC
Rogo, an AI platform purpose-built for finance, raised $160M in Series D funding
Aidoc, a clinical AI company, raised $150M in Series E funding
Hightouch, a company specializing in data and AI for marketing, raised $150M in Series D funding
Scout AI, a defense tech company specializing in unmanned warfare solutions, raised $100M in Series A funding
Parallel Web Systems, an infrastructure helping AI agents access and use the open web, raised $100M in Series B funding
Counterpart, an insurance company, raised $50M in Series C financing
Fence, a platform supporting the infrastructure of asset-backed finance, raised $20M in new funding
Crazy Mountain, a new non-alcoholic beer brand, raised $15M in Seed funding
CRYPTO
BULLISH BITES
📈 Man who called SpaceX IPO says buy this instead. *
🚨 Can we handle the Magnificent 10?
📊 When to add junk bonds to your investment portfolio.
😱 Why AI companies want you to be afraid of them.
🤑 According to Vanity Fair: “Stealth wealth” is over. “Niche riche” is in.
DAILY SHARES
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