Good morning.
The Fast Five → US to release 172M barrels of oil from reserve, two tankers attacked in Iraq waters, Pentagon headhunting bankers for ‘Economic Defense Unit’, Trump admin pursues new avenues for imposing tariffs, and Musk unveils joint Tesla-xAI project ‘Macrohard’…
📌 Elon Musk: "Tesla will become a $25 trillion company." How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world. Go here now to see Tesla's real master plan →
(from Brownstone Research)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Tomorrow:
Core PCE price Index, 8:30A
Prelim GDP, 8:30A
JOLTS Job Openings, 10:00A
Your 5-minute briefing for Thursday, Mar 12:
BEFORE THE OPEN
As of market close 3/11/2026.
Pre-Market:
US Investor % Bullish Sentiment:
↓ 33.06% for Week of MAR 05 2026
Previous week: 33.20%
Market Wrap:
Futures: Dow -461, S&P -0.9% Nasdaq -0.9%
Wednesday stocks mixed; Dow and S&P fell Nasdaq slightly higher
Oil jumped 7% in late trading with WTI near $93
US releasing 172M barrels from Strategic Petroleum Reserve
Energy tech and comm services were the only sectors higher
US sank 16 Iranian mine ships near Strait of Hormuz
Atlassian cutting 10% of workforce to fund AI investment
EARNINGS
Here’s what we’re watching this week:
Today: Adobe $ADBE ( ▼ 1.2% ), *Dicks Sporting Goods $DKS ( ▲ 2.2% ), Ulta Beauty $ULTA ( ▼ 2.7% )
Dollar General $DG ( ▼ 6.48% ) - $1.62 EPS (+86.2% YoY) on $10.8B revenue (+4.8% YoY)
A MESSAGE FROM BROWNSTONE RESEARCH
After declining sales, Trump's threats, and a 45% stock plunge…
Tesla just roared back to positive territory.
And mark my words, this is just the beginning.
Because once Tesla's 250x AI breakthrough goes mainstream on April 22…
We're looking at a wealth creation event 14x bigger than the ChatGPT boom.
- a sponsored message from Brownstone Research -
HEADLINES
Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets.
The job promises “access to top-level government officials and privileged information flow — whatever you need, you can get.”
Dow, S&P 500 slip for 2nd day as oil jumps (more)
Two tankers attacked in Iraq waters, oil terminals suspended (more)
Oil jumps >$100 again with tankers on fire, new strikes across the Gulf (more)
Iran sends millions of oil barrels to China through Strait of Hormuz (more)
Oil armada heads to Red Sea as Saudis divert from Hormuz (more)
Trump admin pursues new avenues for imposing tariffs (more)
Revenue from Trump's tariffs just shrank by over $1B (more)
US deficit tops $1 trillion through February (more)
Gold falls on firmer dollar, US inflation woes (more)
Investor ban on buying homes stalls housing affordability bill (more)
Musk unveils joint Tesla-xAI project ‘Macrohard,’ eyes software disruption (more)
Netflix to pay as much as $600M for Ben Affleck's AI firm (more)
PayPay, SoftBank raise $879.8 million in payments firm's US IPO (more)
Cliffwater $33B private credit fund redemptions reach 14% (more)
Bill Ackman’s bid to be more like Buffett is finally unfolding (more)
DEALFLOW
M+A | Investments
Cintas to buy uniform maker UniFirst in $5.5B deal
Foresight to acquire NZ Clean Energy and Invest $360M
VC
Quince, a consumer technology platform, raised $500M in Series E funding
Rhoda AI, a robotics and AI company, raised $450M in Series A funding
Replit, an AI-powered software creation platform, raised $400M in Series D funding
Eridu, a developer of high-performance AI networking solutions, raised over $200M in funding
Xscape Photonics, photonic solutions for AI data center fabrics, raised $37M in additional funding
Swarm Aero, a developer of large uncrewed aerial vehicle swarms, raised $35M in Series A funding
Translucent, an AI platform for healthcare finance, raised $27M in Series A funding
Standard Kernel, a startup building AI systems that generate GPU software, raised $20M in Seed funding
Ernesta, a custom-sized rug company, raised $20M in Series B funding
Emboline, Inc., a privately held medical technology company, raised $20M in Growth Capital
Unreasonable Labs, a knowledge discovery company, raised $13.5M in funding
Zymtrace, a distributed AI infrastructure optimization platform, raised $12.2M in total funding to date
May Health, a developer of medical devices for PCOS, raised $11.7M in funding
Depot, a high-performance software development and build acceleration platform, raised $10M in Series A funding
AgentMail, an email platform for AI agents, raised $6M in seed funding
Anchr, an AI-native operating system for food distribution, raised $5.8M in seed funding
Taya, a developer of jewelry‑first AI hardware, raised $5M in Seed funding
Girl Beer, a light beer brand raised $5M in funding
Option Circle, a fintech company developing an autonomous, regime-based trading platform, raised $3M in new capital
Electra, a clean iron technology company, received a $3M venture debt facility
CRYPTO
BULLISH BITES
🌮 Will Trump TACO on Iran?
😱 A global food price shock looms. Here’s who will be hit hardest.
🤔 Why is everyone saying the word Tranche?
📸 Young bankers are learning the hard way that Wall St doesn’t do influencers.
DAILY SHARES
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