Apple's 20 billion reasons

Fed holds rates steady, Trump to announce a ‘major trade deal’ with the UK, US scraps Biden-era export curbs on AI chips, CrowdStrike announces 5% job cuts due to AI, and Disney announces its first Middle East theme park in Abu Dhabi...

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Market Briefing
May 09, 2025

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Good morning.

The Fast Five → Trump keeps 10% tariffs on UK with some exceptions, AI execs lay out list of ‘musts’ to beat China, Lutnick: dozens of trade deals to be rolled out over next month, Trump seeks tax hike on $2.5M+ earners, and Apple’s fighting to save its $20 billion paycheck from Google…

My Top AI Stock Just Hit "Buy Now" Territory
-from Behind The Markets

Billionaires like David Tepper and Seth Klarman are grabbing millions of shares...

Goldman Sachs and Blackstone are in, too.

This company powers the AI boom—and I've waited months for it to hit my buy price. NOW IT HAS.

SICalendar: (all times ET) - Full Calendar

  • Today:
    none watched

  • Monday:
    Monthly US federal budget, 2:00P

Your 5-minute briefing for Friday, May 9:

BEFORE THE OPEN

As of market close 5/8/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 20.94% for Week of MAY 1 2025

Previous week: 21.94%. Updates Monday.

Market Wrap:

  • Futures edge lower post-Fed: S&P -0.1%, Dow -55 pts, Nasdaq flat

  • Northlight CIO: Fed “in a bind”; more losses likely if no trade deals

  • Thurs: S&P +0.43%, Dow +0.7%, Nasdaq +0.27%, Nvidia +3% on chip new

  • Earnings ahead: ConocoPhillips, Warner Bros. Discovery; Paramount, Expedia

  • AppLovin +13% on earnings & gaming sale; Arm -11% on weak outlook

EARNINGS

Nothing watched today. Full calendar here »

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HEADLINES

US Senate hearing focuses on AI infrastructure and export policies. Executives urge investment in AI infrastructure and education.

At the Milken Institute conference, a who’s who of finance and corporate America, there was a mix of emotions about financial markets and the economy.

  • Dow closes 200 pts higher after Trump announces outline of UK trade deal (more)

  • US keeps 10% tariffs on UK, cuts taxes on British autos, steel, aluminum (more)

  • Trump: ‘Substantive’ China talks could yield tariff cut (more)

  • Lutnick says dozens of trade deals to be rolled out over next month (more)

  • Trump seeks tax hike on wealthy earning $2.5 million or more (more)

  • US plans to spend billions to update air-traffic control system (more)

  • Apple tries to save $20B Google search deal (more)

  • Warner Bros. Discovery plans major company split (more)

  • Lyft shares rise as company ups buyback to $750M (more)

  • Tapestry lifts forecasts on booming demand for Coach handbags (more)

  • Palantir now among 10 most valuable US tech companies (more)

  • Wall St investment bankers face '10% cut to bonuses' amid trade war (more)

DEALFLOW

M+A | Investments

  • Coinbase acquires crypto derivatives exchange Deribit for $2.9 billion

  • UBS in talks to sell hedge fund O'Connor to Cantor Fitzgerald

  • Geely offers $2.2 billion to privatize Zeekr

VC

  • Impact Analytics, an end-to-end platform for pricing, merchandising, and supply chain, raised an undisclosed amount in Series D funding

  • Autobooks, a fintech company, received $40M from Runway Growth Capital

  • Fastino, an AI model architecture company building TLMs, raised $17.5M in Seed funding

  • Glide, an embedded fintech platform, raised $15M in Series A funding

  • Kouper, a healthcare technology platform, raised $10M in funding

  • Jozu, an enterprise-grade orchestration tools for AI applications, raised $4M in Seed funding

  • Operand, an AI-enabled consulting company for consumer retail, raised $3.1M in Seed funding

  • CodeAnt AI, an application security platform, raised $2M in Seed funding

  • AcquireROI, a performance-driven talent acquisition and recruitment marketing solutions provider, received financing from Decathlon Capital Partners

CRYPTO

  • Stablecoin bill fails to clear key hurdle in US Senate (more)

  • Bitcoin jumps above $100,000 for first time since February (more)

  • Celsius founder Mashinsky gets 12 years for crypto fraud (more)

BULLISH BITES

🚨 The $20 stock billionaires & Congress are buying *  

🤖 AI’s threat to Google just got real.

🎁 Bill Gates to give away $200 billion by 2045.

🦄 Stanford professor just dropped a leaderboard of top angel investors by unicorn hits.

🛥 A 236-foot megayacht designed by Giorgio Armani.

DAILY SHARES

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