Economy in 'transition'

Trump: Economy faces ‘transition’, Crypto leaders meet at Trump's summit focused on strategic reserve, Fed expected to cut rates in June, Trump says four bidders in play for TikTok deal ‘soon’, and Bessent forecasts ‘detox period’ for US economy...

Good morning.

The Fast Five → Trump: Economy faces ‘transition’, Crypto leaders meet at Trump's summit focused on strategic reserve, Fed expected to cut rates in June, Trump says four bidders in play for TikTok deal ‘soon’, and Bessent forecasts ‘detox period’ for US economy…

Calendar: (all times ET) - Full Calendar

  • Today:
    None scheduled

  • Tomorrow:
    Job openings, 10:00A

Your 5-minute briefing for Monday, March 10:

BEFORE THE OPEN

As of market close 3/7/2025. Bitcoin as of 3/9/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 19.33% for Week of March 06 2025

Previous week: 19.38%. Updates every Friday.

Market Wrap:

  • Futures up: Dow +63 pts, S&P +0.28%, Nasdaq +0.42%.

  • Dow -400 pts, Nasdaq in correction (-10%).

  • Tariff fears persist despite Trump’s exemptions.

  • Worst week since Sept ‘24? S&P -3.6%, Dow -2.9%, Nasdaq -4.1%.

  • Key data: Payrolls (+170K expected), jobless rate 4%.

EARNINGS

Here’s what we’re watching this week:

A MESSAGE FROM MARC CHAIKIN

The next three months could be very challenging and critically important for anyone with money in the markets. You need a big-picture plan... and you need to take specific actions starting TODAY.

Don't get stuck in the "denial" trap so many fall into.

Fifty-year Wall Street veteran Marc Chaikin recently published his full big-picture plan, which lays out – based on more than 100 years of data – exactly what you can expect in the markets this year (and in 2026, too).

HEADLINES

Trump’s on-again, off-again tariff policies have rattled investors, triggering a selloff in technology shares and levels of volatility not seen in years.

Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned digital assets.

  • Stock market faces inflation data test (more)

  • US adds 151,000 jobs in February as federal workforce declines (more)

  • Fed expected to cut rates in June as jobs data raises potential red flags (more)

  • Treasury secretary forecasts ‘detox period’ for US economy (more)

  • Dollar starts week softer as tariffs weigh, yen rises (more)

  • Oil prices decline as investors continue to fret over tariff impact (more)

  • China’s consumer inflation turns negative for the first time in 13 months (more)

  • China hits back at Canada with fresh agriculture tariffs (more)

  • Traders who bought Trump’s ‘pro growth’ plan now pay for it (more)

  • Bond market’s Trump trade is looking like a recession play (more)

  • Handicapping the next move for a stressed bull market (more)

  • Trump says four bidders in play for TikTok deal ‘soon’ (more)

DEALFLOW

M+A | Investments

  • Star weighs last-minute $157M capital offer from Bally’s (more)

  • ServiceNow nears deal to buy AI assistant maker Moveworks (more)

  • TickPick, a marketplace for the event ticketing industry, acquired Fanimal, a ticketing platform (more)

  • Doce Mezcal, a women-founded mezcal label, received an investment from Pronghorn (more)

VC

  • Flowdesk, a digital asset trading and technology firm, raised $102M in equity funding (more)

  • Coalition, a cybersecurity-focused insurtech company, raised $30M from Mitsui Sumitomo Insurance (more)

  • Firsthand, a brand agent platform allowing brands to attract and engage with consumers, raised $26M in Series A funding (more)

  • Faireez, an AI-based housekeeping platform, raised $7.5M I funding (more)

  • Conveo, a multimodal AI video interviewer, raised $5.3M in funding (more)

  • Momentic, an AI-powered software testing platform, raised $3.7M in Seed funding (more)

CRYPTO

  • Bitcoin dips to $80K in ‘ugly start,’ could retest key resistance: Hayes (more)

  • Ether's 20% plunge shatters bull market trendline created after 2022 Terra crash (more)

  • US housing dept mulls blockchain, stablecoin to pay and monitor grants (more)

BULLISH BITES

📍 A non-crypto person’s guide to the ‘bitcoin strategic reserve’.

📘 Meta braces for ex-Facebook employee’s tell-all book.

😷 Five years on, the economic impact of COVID-19 lingers.

👀 Inside the high-wire business of MrBeast.

DAILY SHARES

Have a comment or suggestion?
💌 Send us a message

*from our sponsor

Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. 

Reply

or to participate.