Good morning.
The Fast Five → Meta’s hunt for AI capital strikes a raw nerve, chip stocks break a bear trap, weekly jobless claims near 57-year lows, Anthropic IPO set to drive blockbuster gains for its backers, and SpaceX in talks to access 80,000 cell sites for new network…
📌 “This is bad, really bad...” — My public warning after 55 years of watching the markets »
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
Flash Manufacturing PMI, 9:45A
Flash Services PMI, 9:45A
Rev Consumer Sentiment, 10A
Rev Inflation Expectations, 10A
Tomorrow:
None watched
Your 5-minute briefing for Friday, October 23:
BEFORE THE OPEN
As of market close 10/22/2026.
Pre-Market:
Market Wrap:
Futures: Dow +52 (+0.1%), S&P +0.06%, Nasdaq -0.1%
Thu: Dow flat, S&P -1.2%, Nasdaq -2.6%
AI spending concerns sparked a tech selloff
AMD plunged 8.1%, while Nvidia fell 4.4%
10-year Treasury yield slid below 5%
Brent surged 4% to above $113
Focus shifts to consumer sentiment Friday
EARNINGS
America’s New “Subprime” Crisis
(It's Already Here!)
Do you remember the subprime crisis of 2008?
Wall Street built a gigantic "pyramid of risk" on subprime loans in the housing market.
And then it all came tumbling down, along with almost the entire financial system.
Dr. Martin Weiss says a new $3 trillion "subprime" crisis is underway.
And it's already starting to spin out of control.
- A sponsored message from Weiss Ratings -
HEADLINES
The agreements would solidify the rocket and satellite giant’s path toward building a fourth nationwide wireless carrier, said the people, who asked to not be identified because the discussions are private.
The tech-heavy Nasdaq fell 2.6%, while Treasury yields posted their biggest drop since 2023.
S&P, Nasdaq, tech stocks sink amid AI trade worries, Meta plummets (more)
Chip stocks break a bear trap after a $3T rout (more)
Traders see high oil prices sticking around into 2027 (more)
Investors see risk from midterms to AI trade as data center backlash builds (more)
Bessent dismisses AI bubble fears (more)
Yen set for biggest rally in a month as investors seek safe havens (more)
US weekly jobless claims near 57-year lows (more)
Oil price gains on possible escalation of Iran-US tensions after midterms (more)
Mortgage rates dropped for the first time in months (more)
Meta reports $825B in future spending commitments (more)
Meta falls as investors balance Muse growth with rising AI costs (more)
Elon Musk makes $1B investment in Ellison’s Skydance (more)
SpaceX $40B debt deal gets pricey as AI fears spread (more)
Tesla drops as spending pullback clouds AI, robotics ambitions (more)
American Airlines forecasts 2026 loss as fuel costs outpace fare gains (more)
Anthropic IPO to drive blockbuster gains for Iconiq, Spark, GIC (more)
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO (more)
P&G warns of bigger profit hit from rising commodity, freight costs (more)
SK Hynix scraps Solidigm US IPO after shareholder concerns (more)
Comcast to cut jobs, take $1B-plus charge as broadband losses deepen (more)
Blackstone’s profit falls as choppy market tempers investment exits (more)
DEALFLOW
M+A | Investments
EQT to buy molecular testing firm Qiagen for $10.8B
LSEG to buy Octus in $3.5B deal
Salesforce signs definitive agreement to acquire Braze
UBS acquires 4.8% stake in Indian wealth manager 360 One Wam
First Day receives investment from Paine Schwartz Partners
VC
Xona, a company building global navigation infrastructure in Low Earth Orbit, raised $250M in Series D equity funding
Coherence Neuro, a developer of AI-powered oncology medical devices, raised $45M in Series A funding
Coast, a financial platform built for the physical economy, raised $35M in funding
Slingshot Insurance, an AI-native insurance company built for the embedded economy, raised $27M in Seed funding
Fort Robotics, a safety platform developing a trust layer service for Physical AI, raised approx. $20M in funding
iVerify, a provider of advanced mobile endpoint detection and response (EDR) solutions, raised $17M in new funding
IDL, a global professional dance league, raised $15M in Series A financing
BOB, an AI finance employee and banking platform for small businesses, raised $5.5M in Seed funding
Marc, a real estate spend intelligence platform, raised $5M in Seed funding
Familiar Therapeutics, a biotech company bringing human medicines to dogs and cats, raised $5M in Seed funding
Pennant, a corporate governance startup, raised $5M in Seed funding
CRYPTO
BULLISH BITES
🚨 Investing legend: “My most important warning yet” *
💸 Politicians are turning against AI… but your pension is riding on it.
✋ Investors are turning on Big Tech’s biggest spenders—here's why.
📚 Why CEOs go back to school after making it to the top.
🧹 Airbnb is putting an end to the checkout-chore creep.
DAILY SHARES
Have feedback or a suggestion?
💌 Send us a message
*sponsored message
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.
