Good morning.
The Fast Five → US-China trade truce extended for two months, 10-year Treasury yield hits 19-year high, US prepares for 90-day diesel export ban, Apple stock just delivered an early win, and Zuckerberg debuts camera-less Meta VR glasses…
📌 Elon’s AI “Starphone” is coming →
(from Stansberry Research)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Tomorrow:
Durable Goods, 8:30A
Revised Consumer Sent., 10:00A
Revised Inflation Expect., 10:00A
Your 5-minute briefing for Thursday, September 24:
BEFORE THE OPEN
As of market close 9/23/2026.
Pre-Market:
Market Wrap:
Futures: S&P +0.02%, Nasdaq +0.08%
Wed: S&P -0.8%, Nasdaq -1.1%
Surging Treasury yields sparked a market sell-off
10-year yield topped 5.1%, highest since 2007
October rate-hike expectations climbed sharply
Brent jumped 3.9% to above $103
Focus shifts to jobless claims and Costco earnings
EARNINGS
Here’s what we’re watching this week:
Today:
*Costco $COST ( ▲ 0.59% ) $6.53 EPS (+11.2% YoY) on $94.9B revenue (+10.1% YoY)
*Darden Restaurants $DRI ( ▲ 0.07% ) - $2.05 EPS (+4.1% YoY), on $3.2B revenue (+6.7% YoY)
I Went to a Party With Elon…
"I spent years as a Bloomberg tech reporter... and as an analyst for one of Wall Street's most ruthless hedge fund billionaires.
I've even been to Elon Musk's brother's birthday party.
- A sponsored message from Stansberry Research -
HEADLINES
Trump is the first US president in around six decades to receive a foreign counterpart at that airport, excluding visits by the Pope.
The surge came as more hot economic readings boosted expectations of further interest rate hikes.
Wall Street ends down as oil prices, Treasury yields rise (more)
Five-year yields exceed 5% for first time since 2007 (more)
US to buy back up to $6 billion in longer-dated Treasuries (more)
Xi Jinping reversed plans to bring Chinese CEOs with him to Washington (more)
Iran's president blames US, Israel for global instability in UN speech (more)
Energy Secretary Wright says diesel export ban 'definitely doesn't work' (more)
Poll: Americans see rule of law declining in US (more)
US business activity tops five-year high; inflation pressures building (more)
Mortgage rates surge past 7% (more)
Space investment more than doubled to $23B in year to June (more)
Mark Zuckerberg debuts $1,299 camera-less Meta VR glasses (more)
Apple stock just delivered an early win for new CEO John Ternus (more)
SoftBank shares jump after $11.1B bond issuance to fund OpenAI bet (more)
Amazon rolls out new agentic AI for third-party sellers (more)
Paramount weighs tapping Musk for equity investment (more)
Flock Safety weighs selling itself (more)
DEALFLOW
M+A | Investments
Falcon Gases receives investment from Odyssey Investment Partners
EnergyCAP receives investment from LLR Partners
Royal Caribbean buys 50% stake in Sandals Resorts for $3B
India's Waaree Energies to merge Indosolar into company in near-$100M deal
VC
Snorkel AI, an AI data platform and agentic data factory, raised $350M in Series C funding
Enveda, an AI platform for drug discovery, raised $311M in Series E funding
Brahma AI, an AI operating system for enterprise audiovisual content, raised $150M in funding
Hubble Network, a satellite network platform for Bluetooth LE devices, raised $200M in Series C funding
Basecamp Research, an AI platform for therapeutic design, raised $140M in Series C funding
Numeral, an AI-powered sales tax compliance platform, raised $100M in Series C funding
Ema, an AI platform for agentic AI employees, raised $77M in Series B funding
Ande, an AI-native network for corporate entertainment, raised more than $52M in Seed and Series A financing
UltraSight, an AI-powered cardiac workflow solutions company, raised $24M in Series B2 funding
Mojave Energy Systems, a developer of humidity-first climate systems, raised $19M in Series B funding
Soteris, an AI platform for the P&C insurance industry, raised over $8M in Seed funding
Fearn, an AI-native patent prosecution platform for startups, raised $5.5M in funding
Topdog, a real-money skill-gaming platform featuring multiplayer games for sports fans and gamers, raised $2.5M in Seed funding
Aqua Medical, a clinical-stage medical tech company, closed Series B funding
Rising Tide, a tech platform for independent residential property management companies, raised Seed funding
CRYPTO
BULLISH BITES
🔥 First Look: Elon’s “Starphone” *
🇫🇷 Add France to your list of investing worries.
❤️ a16z is challenging Silicon Valley’s love for drop-outs by launching a school.
🧢 Waymo’s latest expansion strategy: teenagers.
🏎️ Steve McQueen's 1967 Ferrari NART Spider heading to auction.
DAILY SHARES
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