BEFORE THE OPEN

MARKETS:

• Stock futures flat ahead of Wednesday's producer price index.

• Dow, S&P 500, and Nasdaq-100 futures little changed.

• Previous session saw stocks rise as Treasury yields eased.

• 10-year Treasury yield falls by nearly 13 basis points to about 4.65%.

• Wall Street monitors Israel-Hamas conflict and President Biden's remarks.

• Upcoming producer price index report to provide insight into inflation.

• Federal Reserve meeting minutes and Thursday's consumer price index report on traders' radar.

EARNINGS

Here’s what we’re watching this week:

• Thursday: Delta Air Lines (DAL)

• Friday: Wells Fargo (WFC), BlackRock (BLK), Citigroup (C)

• Full earnings calendar here

NEWS BRIEFING

Biden Condemns ‘Terror and Bloodshed’ by Hamas, Says the U.S. Will Continue To Support Israel

Caroline Ellison Testifies SBF Directed Her to Commit Crimes

• Interest rates now high enough to lower inflation to 2%, Fed’s Bostic says (more)

• Hamas got around Israel’s surveillance prowess by going dark (more)

  • A brief history of Gaza's 75 years of woe (more)

• Dollar slips as dovish Fed speak dials down rate expectations (more)

• Treasury Department aims to make it easier to get $7,500 EV tax credit in 2024 (more)

• Americans have saved hundreds of billions more than previously thought (more)

• Citi’s mega metals trade shows global markets turning to glut (more)

• Coal industry faces 1 million job losses from global energy transition (more)

• China targets 50% boost in computing power as AI race with U.S. ramps up (more)

• China's Country Garden warns it could fail to pay offshore debt obligations (more)

• Europe's Luxury stocks at risk of going out of style (more)

• Wall Street's famous fear gauge (VIX) is muted by options strategy (more)

• Birkenstock prices IPO within range at $46 a share (more)

• Exxon in talks to pay more than $250 a share for Pioneer (more)

• Tesla Cybertruck to see 100-120k deliveries in 2024 (more)

• Tesla launches wraps for Model 3 and Y in seven new colors (more)

• Walmart expands online healthcare benefits for US employees (more)

• Adobe's newest AI is like magic eraser on steroids (more)

• Tourism resumes in West Maui, but some residents say it’s too soon (more)

DEALFLOW

• Precede Biosciences, a biotechnology company providing a blood-based approach to revealing disease-defining transcriptional biology, emerged from stealth with $57M in funding since inception (more)

• Pair Eyewear, a direct-to-consumer customizable eyewear brand, raised $75M in Series C funding (more)

• Saronic, a maritime autonomy company focused on surface vessels, raised $55M in Series A funding (more)

• Gutsy, a cybersecurity company raised $51M in Seed funding (more)

• TileDB, a company providing open-source tools for data management, raised $34M in Series B funding (more)

• Erthos, a utility-scale solar company, raised additional $24M in Equity funding (more)

• Commons Clinic, a provider of a health system offering care for spine, orthopedics, and pain management, raised $19.5M in Series A funding (more)

• Optimize Health, a provider of a remote patient management platform, raised $18M in Series B funding (more)

• Thread (formerly known as Airtonomy), a company specializing in enterprise-scale autonomous data collection for delivering precise inspection insights, raised $15M in Series A funding (more)

• SuperOps.ai, a provider of an AI-powered IT management SaaS platform, raised $12.4M in Series B funding (more)

• Arctop raises $10M in Series A Funding (more)

• Korio, a Randomization & Trial Supply Management (RTSM) company, raised $6.8M in funding (more)

• Deta, a tech R&D startup dedicated to building a personal computer in the cloud , raised $3.6M in Seed funding (more)

• MDisrupt, a marketplace for the healthtech industry, raised $3M in Seed funding (more)

• Plan Forward, a dental software company, raised $2M in Seed B funding (more)

• Fantix, a privacy safe AI model development startup, raised $1.6M in first funding (more)

• Aliro Quantum, a company developing entanglement-based quantum networks, completed a funding round in undisclosed amount (more)

• GuidePoint Security, a company providing cybersecurity solutions, raised growth funding from Audax Private Equity (more)

M & A:

• Huron Capital acquires RK Electric (more)

• BharCap Partners buys ArmStrong RM (more)

• EP Wealth Advisors purchases Foothills and Marble (more)

• Ara Partners buys Vacuumschmelze (more)

• Apax Funds acquire Bazooka Candy Brands (more)

• Market Maker GTS buys foreign-exchange trading unit from HC Tech (more)

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CRYPTO

• Hamas-linked Crypto accounts frozen by Israeli police, with Binance's help (more)

• SBF’s Alameda minted $38B USDT to profit off arbitrage trading (more)

• Bitcoin tightens grip on Crypto market in sign of cautious investor mood (more)

BULLISH BITES

🪄 Has Bob Iger Lost the Magic? → Bloomberg
Disney’s legendary CEO came out of retirement to save the company—right in time for its 100th birthday. Nothing has gone his way.

✅ Buffett and Munger's Deputy on How He Impressed the Pair and Landed His Dream Job → BusinessInsider

📱 Apple’s Latest iPhone Software Lets You Leave a FaceTime Video Voicemail. Here’s How to Do It → CNBC

DAILY SHARES

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