Good morning.
The Fast Five → Fed Governor floats September rate hold, Google avoids another breakup, Nvidia to buy Hugging Face for $13B, Lululemon plunges 15%, and Maria Bartiromo fired by Fox…
📌 Did Elon Musk just open America’s last retirement window? One last chance to cash in on the AI boom →
(from Brownstone Research)
Calendar: Full Calendar »
Today:
Average Hourly Earnings, 8:30A
Non-Farm Empnt Change, 8:30A
Unemployment Rate, 8:30A
Monday:
None watched
Your 5-minute briefing for Friday, September 4:
BEFORE THE OPEN
As of market close 9/3/2026.
Pre-Market:
Market Wrap:
Futures: Dow +19 (+0.04%), S&P +0.02%, Nasdaq +0.03%
Wed: Dow +300 (+0.6%), S&P +0.5%, Nasdaq +0.5%
Stocks snapped a three-session losing streak
Treasury yields eased after hitting multiyear highs
Oil climbed 0.9% to above $91
US-Iran tensions remain a market risk
Focus shifts to jobless claims and Friday’s jobs report
EARNINGS
None watched today. Full earnings calendar »
Elon Musk on His New Invention: "An Infinite Money Glitch."
Elon Musk's new patent protects a new invention that could rewrite the future of wealth forever.
It's a radical new form of AI Jeff Brown calls "M.A.G.I…"
One so revolutionary that Elon called it an "infinite money glitch."
Go here to see the details because he believes this is a once-in-a-generation opportunity to potentially create wealth on a scale most people can't even comprehend.
- a sponsored message from Brownstone Research -
HEADLINES
Markets rallied and global bond yields dipped Thursday after a US Federal Reserve governor advocated holding interest rates steady if inflation continues to cool.
Google has once again avoided being broken up, despite a formal finding that it has operated an illegal monopoly.
Stocks, bonds rally after dovish Fed comments (more)
Treasury yields fall after Fed's Waller signals no rate hike (more)
Bond selloff is likely amplified by obscure economic rate (more)
Yen jumps to one-month high as traders weigh further intervention (more)
Pentagon official reaffirms Anthropic blacklist despite Lutnick comments (more)
Companies confront ‘trade down’ economy (more)
US weekly jobless claims rise marginally amid stable labor market (more)
Mortgage rates hit highest level in over a year (more)
Oil prices hit fresh 6-week highs on renewed Middle East tensions (more)
Gold prices just hit a key level for traders (more)
Dollar slumps to start September as yen surges on rate bets (more)
Nvidia to buy Hugging Face for $13B in big bet on open AI models (more)
Lululemon plunges 15% on disappointing earnings and outlook (more)
OpenAI convening security leaders ahead of cyber announcement (more)
OpenAI launches new Astra model amid growing scrutiny (more)
Oura’s IPO reveals high growth for smart-ring maker (more)
Volkswagen flags 50,000 job cuts as board approves turnaround plan (more)
Maria Bartiromo fired by Fox (more)
DEALFLOW
M+A | Investments
Nvidia to buy Hugging Face for $13B in open-source push
Flex to acquire EPC Power in $4.4B deal to expand data center offerings
Nscale backs robot firm Figure alongside $3.5B cloud deal
Playfly Sports receives Investment from Bain Capital Private Credit Group
System One receives investment in undisclosed amount
VC
Felix Pago, a cross-border fintech startup for LatAm, received $200M in equity and debt financing
Lyte, a physical AI perception company, raised $165M in Series C funding
iPronics, a silicon photonics-based optical circuit switching platform for AI infrastructure, raised $125M in Series B funding
HiddenLayer, an AI security platform that secures agentic, generative, and predictive AI applications, raised $100M in Series B funding
Superluminal Medicines, a biotech company generating GPCR targets, raised $60M in Series B funding
Wafer, an AI inference chip and hardware infrastructure startup, raised $40M in Series A funding
PatientIQ, a patient outcomes intelligence platform, raised $30M in Series C funding
Resect AI, an AI accountability layer platform, raised $25M in funding
empirik.ai, an AI agent platform for infrastructure change, raised $21M in funding
Fambot, an AI platform designed to simplify family logistics, raised $3.5M in Pre-Seed funding
CRYPTO
BULLISH BITES
😉 Looking to diversify your US-heavy portfolio? Don’t let the fund name fool you.
🤖 Nothing makes humans happier right now than watching robots fail.
🔥 ‘132F’: Meet the man calling out NYC’s infernally hot subway stations.
💰 San Francisco’s wealthy, single AI tech workers are hiring stylists.
DAILY SHARES
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