BEFORE THE OPEN

MARKETS:

• U.S. stock futures flat after relief rally.

• S&P 500 climbs out of correction territory, up 1.2%.

• Dow jumps roughly 1.6%, Nasdaq adds about 1.2%.

• Major averages set to end October in the red.

• Fed's next interest rate decision on Wednesday, expected to remain unchanged.

• October payrolls report expected to show signs of labor market slowdown.

• Today: earnings results expected from Caterpillar, Pfizer, Caesars Entertainment, and Advanced Micro Devices.

• Highly anticipated earnings report from Apple on Thursday after the bell.

EARNINGS

• Today: Advanced Micro Devices (AMD), Caterpillar (CAT), JetBlue Airways (JBLU)

• Wednesday: Airbnb. (AIR), DuPont (DD)

• Thursday: Apple (AAPL), DraftKings (DKNG), Palantir Technologies (PLTR), Starbucks (SBUX)

• Full earnings calendar here

NEWS BRIEFING

Treasury to Borrow $776 Billion In the Final Three Months of the Year

Middle-Class Americans Are Rattled by Fed’s Fight Against Inflation

• Israel War Latest:

  • Hamas says it fires on Israeli forces pressing ground assault (more)

  • US House Republicans unveil bill to fund Israel by cutting IRS budget (more)

• Treasury market braces for seismic SEC rule (more)

• White House unveils wide-ranging action to mitigate AI risks (more)

• US second home sales slide in pandemic-era vacation hot spots (more)

• Biden administration is moving toward a narrower student loan relief targeting groups of borrowers (more)

• Education Department penalizes Mohela for error that made 800,000 student loan borrowers delinquent (more)

• GM reaches tentative agreement with UAW, ending six-week strike (more)

• New York Times tech workers to strike over return-to-office rules, contract delays (more)

• The sales pitch for an 8% mortgage: Buy now, refinance later—for free (more)

• Alphabet CEO Sundar Pichai defends Google’s search deals in antitrust trial (more)

• Apple revamps Mac lineup and pricing with new family of chips (more)

• Walmart to upgrade 1,400 stores with $9 billion investment (more)

• Pfizer RSV vaccine lags GSK’s as head-to-head competition underway (more)

• Shipping industry could lose $10 billion a year battling climate change by 2050 (more)

• From Adidas to Nike, clothing makers find it hard to break with China’s supply chain (more)

• Meta introduces ad-free plans for Instagram, Facebook in Europe (more)

• Kim Kardashian’s Skims becomes the official underwear partner of NBA (more)

TOGETHER WITH INVESTORS BUSINESS DAILY

Start Investing Smarter

For over 35 years, Investor’s Business Daily has armed people like you with the tools and strategies to consistently outperform the market and prosper — no matter the conditions. Now, in a single subscription, you can access all their pro-level tools and strategies designed to boost your profits.

“Investor’s Business Daily delivers information you
can’t get anywhere else.” -Mike G., subscriber

🔥 Exclusive Offer for MarketBriefing readers: Grab IBD's Premium Annual Subscription today for only $249 - it’s like getting 5 months free! Act quickly, this is a limited-time offer you won’t find anywhere else.

DEALFLOW

• Omnicom (NYSE: OMC), a global marketing and corporate communications company, acquired Flywheel Digital, the digital commerce business of Ascential (LSE: ASCL.L), for a net cash purchase price of approximately $835M (more)

• Abingworth, a global life sciences investment firm, closed its new Clinical Co-Development Co-Investment Fund, at $356M (more)

• MapLight Therapeutics, a clinical-stage biopharmaceutical company, raised $225M in Series C funding (more)

• Seurat Technologies, a 3D metal printing company, raised $99M in Series C funding (more)

• Oxide Computer Company, a creator of a commercial cloud computer, raised $44M in Series A funding (more)

• Funnel Leasing, a Renter Management Software platform provider, completed a $32M Series B-2 financing round (more)

• Triplebar, a provider of a multi-product, multi-vertical, product design engine, raised $20M in funding (more)

• Ambient.ai, a computer vision intelligence (CVI) company, raised a $20M strategic growth investment from Allegion Ventures (more)

• zeroRISC, a provider of a commercial cloud security service, raised $5M in Seed funding (more)

• Clearblow, an AI healthcare tech startup, raised a Seed funding of undisclosed amount (more)

• hiline Services, a provider of provider of financial operations-as-a-service, received an investment from Red Iron Group (more)

• Seahawk Media, a WordPress services provider, received an investment from WPBeginner Growth Fund (more)

• Urbix, Inc., a developer of graphite processing technology, received a strategic investment from funds managed by Appian Capital (more)

M & A:

• Healthpeak merges with Physicians Realty Trust (more)

• NFP acquires Resolute Insurance Services (more)

• MidOcean-Backed Coyes acquires Rotomaster (more)

• Realty Income acquires Spirit Realty Capital for $5.3B (more)

• Trilantic-backed OLS buys Apache Store (more)

• aborie Medical Technologies, a diagnostic and therapeutic medical technology company, acquired Urotronic, a private medical device company that developed drug-coated balloon technology used in interventional urology (more)

• Clariant, a sustainability-focused specialty chemical company, acquired Lucas Meyer Cosmetics, a provider of ingredients for the cosmetics and personal care industry, from International Flavors & Fragrances (IFF), for $810M (more)

Was this briefing forwarded to you?  (Sign up here.)

CRYPTO

• Here are the key takeaways from SBF’s third day on witness stand (more)

• Bitcoin’s big moves are being magnified by a protracted lack of liquidity (more)

• Tokenized U.S. Treasury market grows nearly 600% to $698M as Crypto's RWA race intensifies (more)

BULLISH BITES

✈️ Premium-economy seats have become the sweet spot on flights.

🕵🏻‍♂️. A peek inside secretive startup Humane before the grand unveiling of its first product, the screenless, wearable Ai Pin.

📺 Fans of 'The Simpsons' hope this Elon Musk 'prediction' comes true.

🤯 At an all-staff meeting this week, X owner Elon Musk and the company's CEO, Linda Yaccarino, reportedly referenced ambitions to create a news wire service called XWire that would rival Cision’s PR Newswire.

DAILY SHARES

Like what you see? Subscribe Now

Keep the curation going! Buy the team a coffee ☕️

Have a comment or suggestion for MarketBriefing? We’d love to hear it!
Send us a message -mb