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LA wildfire costs for insurers double to $20 billion overnight, BlackRock leaves major climate group, healthy December jobs report expected today, Google donates $1 million to Trump's inauguration fund, and D-Wave CEO says Jensen Huang is ‘dead wrong’ about quantum computers...
Market Briefing
January 10, 2025
In partnership with
Good morning.
The Fast Five → LA wildfire costs for insurers double to $20 billion overnight, BlackRock leaves major climate group, healthy December jobs report expected today, Google donates $1 million to Trump's inauguration fund, and D-Wave CEO says Jensen Huang is ‘dead wrong’ about quantum computers…
📈 Warren Buffett Bets $40 Billion—You Can Get in for $20 »
-from Behind The Markets
Calendar: (all times ET) - Full calendar
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Your 5-minute briefing for Friday, January 10:
BEFORE THE OPEN
As of market close 1/8/2025.
Pre-Market:
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US Investor % Bullish Sentiment:
↓ 34.67% for Week of January 09 2025
Previous week: 35.44%. Updates every Friday.
Market Wrap:
S&P +0.16%, Nasdaq -0.06%, Dow rose 0.25% to 42,635.20.
Fed minutes highlight inflation risks; slower rate cuts likely.
10Y Treasury yield hits 4.7%, near April highs.
Palantir falls 2.5%, AMD drops 4.3% after HSBC downgrade.
Traders await Friday's payrolls report amid policy uncertainty.
EARNINGS
Here’s what we’re watching:
Today: Constellation Brands (STZ)
Delta Air Lines (DAL) - earnings of $1.74 per share (+35.9% YoY) on $14.7 billion revenue (+3% YoY)
Walgreens (WBA) - earnings of $.40 per share (-39.4% YoY) on $37.4 billion revenue (+1.8% YoY)
HEADLINES
The wildfires in Los Angeles are on track to become one of the region's worst — and costliest — natural disasters.
Firm cites legal inquiries for exiting fund manager coalition. Net-Zero Asset Managers alliance suffers biggest departure yet.
Biden surges aid to California to address ‘catastrophic’ fires (more)
Treasury yields fall in shortened trading session (more)
US December jobs report expected to showcase healthy labor market (more)
Dollar gains extend ahead of US jobs reading (more)
Oil extends gains as falling inventories outweigh China concerns (more)
30-year fixed-rate mortgage rate hovers just under 7% (more)
Emerging stocks enter correction as traders weigh US policies (more)
China inflation figures spark worry (more)
Nvidia slams Biden for trying to ‘preempt’ Trump with policy (more)
Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says (more)
Google donates $1M to Trump's inauguration fund, joining other tech giants (more)
Wall Street bonuses to jump by double digits at big banks (more)
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DEALFLOW
M+A | Investments
Wynn Resorts agrees to buy Crown Resorts Casino in London (more)
KKR and PSP to buy AEP Transmission stake for $2.8 bln (more)
BlackRock in talks to sell stake in Sperry-owner Authentic Brands Group (more)
WatchGuard Technologies, a company specializing in unified cybersecurity, acquired ActZero, a provider of MDR services with AI threat analysis (more)
Lower, a digital mortgage lender, acquired Neat Labs, a company providing end-to-end mortgage origination software (more)
Signiant, a provider of secure file transfer software for the media and entertainment industry, received a majority growth investment from Battery Ventures (more)
MDaudit, a provider of billing, coding compliance software for health systems, hospitals, and provider groups, received a growth investment from Bregal Sagemount and Primus Capital (more)
VC
Gridware, a continuous power grid monitoring solution provider, raised $26.4M in Series A funding (more)
CRYPTO
BULLISH BITES
🏚 Zillow predicts 2025's hottest real estate markets.
🌎 Speaking of hot, 2024 was Earth's hottest year on record, exceeding Paris target.
✈️ From Japan to St. Lucia, here’s where airfare is falling in 2025.
🔥 Watch Duty, an app that monitors wildfires, has surpassed ChatGPT as the top free app in Apple's App Store.
DAILY SHARES
So amazing 🔥🔥🔥
— Wall Street Mav (@WallStreetMav)
3:47 AM • Jan 10, 2025
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