BEFORE THE OPEN

MARKETS:

• U.S. stock futures tick higher.

• S&P 500 futures up 0.1%, Dow futures climb 0.1%, Nasdaq 100 futures advance 0.1%.

• House passes bill to avert government shutdown, pending Senate and presidential approval.

• S&P 500 gains 1.9%, Nasdaq up 2.4%, Dow adds 1.4% on lower-than-expected October CPI.

• Investors optimistic about a possible end to the Fed's rate-hiking campaign.

• Strong housing market suggests no rate cuts in the near term.

• Upcoming earnings reports from Target, JD.com, Advance Auto Parts, and TJX.

• Watch for October producer price index, a measure of wholesale prices.

EARNINGS

Here’s what we’re watching this week:

• Today: Target (TGT)

  • Cisco Systems (CSCO) - earnings expected: 97 cents per share (+12.8% YoY) on $13.8 billion revenue (+3.6% YoY)

• Thursday: Alibaba (BABA)

  • Walmart (WMT) - earnings expected: $1.41 per share (-6.0% YoY) on $149.8 billion revenue (-2.0% YoY)

• Full earnings calendar here

NEWS BRIEFING

Stock Market Rallies After Flat CPI Report. Here’s the Inflation Breakdown for October — in One Chart

Don’t Expect Much From Biden and Xi

• House passes spending plan, easing Government shutdown risk (more)

• Goldilocks hopes return to Wall St after benign inflation report (more)

• JPMorgan’s Dimon says inflation ‘might not go away that quickly’ (more)

• Michael Burry reveals new bet against chip stocks after closing out winning market short (more)

• Ken Griffin sees Miami possibly replacing NYC as finance capital (more)

• Bankers brace for bonus cuts with no relief seen next year (more)

• ARK launches new crypto-focused ETFs in 21Shares partnership (more)

• Tencent, Alibaba earnings hold key to $44 billion China tech run (more)

• 'What the hell is going on at the FDIC?' Lawmakers grill Agency Chairman for ‘toxic culture’ (more)

• World’s best performing office market has occupancy of over 98% (more)

• USPS reports $6.5 billion net loss for 2023 fiscal year (more)

• Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers (more)

• Alphabet pays Apple 36% of Safari search revenue, Sundar Pichai confirms (more)

• Rolex, Patek prices hit fresh two-year lows: Subdial index (more)

• Elon Musk says SpaceX should receive clearance to attempt second Starship launch this week (more)

• Most homebuyers now need six-figure income to achieve the 'American dream' Imore)

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DEALFLOW

• Andreessen Horowitz backs Civitai, a generative AI content marketplace with millions of users (more)

• Craft Ventures, an early-stage and growth firm backing SaaS businesses, raised $1.32 Billion for two funds (more)

• MBrace Therapeutics, a biopharmaceutical company, raised $85M in Series B funding (more)

• Spark Car Wash, an express car wash operator in New Jersey, New York, and Pennsylvania, raised $30M in Series B funding (more)

• OfferFit, a marketing technology company, raised $25M in Series funding (more)

• Keychain, a manufacturing platform for the packaged goods industry, raised $18 million in seed funding (more)

• Radiant Security, a provider of AI-enhanced security operations solutions, raised $15M in Series A funding (more)

• Refine Intelligence, a financial crime greenflagging company, raised $13M in Seed funding (more)

• Entrio, a provider of a responsible tech adoption platform, extended its recent funding to $11M (more)

• Apiture, a provider of digital banking solutions, raised $10M in funding (more)

• AppMap, a developer of code visualization and runtime code review analysis technology, raised $10M in funding (more)

• Radicl, a cybersecurity innovator delivering enterprise-grade extended threat protection to small-to-medium-sized businesses (SMBs), raised $9M of additional early-stage funding, adding to $3M previously raised (more)

• BlastPoint, an AI consumer analytics company, raised over $8M in Seed funding (more)

• Cyble, a cybersecurity company, raised additional $6.2M in Series B funding (more)

• Atlas, a 3D generative AI platform that partners with game developers and brands to build virtual worlds and experiences, raised $6M in funding (more)

• CoverSelf, a provider of a platform for healthcare claims and payment integrity, raised additional $3.4M in Seed funding (more)

• Zip Security, a cybersecurity software provider, raised $7.7M in funding (more)

• Pantheon Vision, an ophthalmic medical device company, raised $2.5M in seed funding (more)

• BeMe Health, a creator of an interventional behavioral health platform for teens, raised $1.5M in funding (more)

• Balance Point Capital, an alternative investment manager, in conjunction with its affiliated fund, Balance Point Capital Partners IV, L.P., made a follow-on investment in CraneTech Inc., a provider of overhead crane inspection, maintenance, and manufacturing services across the U.S (more)

• Monta Vista Capital, a seed-stage venture capital firm focused on B2B startups, launched its third $48M fund (more)

• Apax invests in Petvisor (more)

M & A:

• Airbnb acquires AI startup for just under $200 million (more)

• MCCi, a business process automation company, acquired GovBuilt, a provider of a low-code/no-code case management platform (more)

• Blue Yonder, a supply chain solutions provider, acquired Doddle, a logistics technology business (more)

• Partners Group Buys Rosen Group (more)

• Granite Creek acquires NYP (more)

• Bregal’s Juniper Landscaping purchases Shooter and Lindsey (more)

• AristaMD, a digital healthcare company specializing in eConsults, merged with Sitka, a video-consult network supporting value-based care providers - the combined company raised $16.5M in Series C funding (more)

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CRYPTO

• Flat CPI report adds nearly 1% Bitcoin (more)

• The IRS and the rising cost of Crypto tax compliance (more)

• Cathie Wood speculates Gary Gensler's political ambitions are affecting spot BTC ETF judgement (more)

• Ripple exec reiterates need for tech-neutral crypto regulations (more)

BULLISH BITES

👋 Is this goodbye?: A coder considers the waning days of the craft

💼 Burn out: Inside the strange, secretive rise of the 'overemployed' (one attempted to hold down jobs at Meta, Tinder, and IBM at the same time.)

🔎 Check it out: What is Bluesky? Everything to know about the app trying to replace Twitter

🤫 Shhh!: ‘Doritos Silent’: Doritos has worked with a partner to develop software that cancels out the crunching sound of chips during group gaming, voice chats, and video conferencing

🐝 Ventures: Dhe easiest platform to start your own newsletter

DAILY SHARES

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