BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑33.86% for Week of OCT 23 2025

Market Wrap:

• Futures higher ahead of Fed cut & Big Tech earnings.

• Dow +290 (+0.6%), S&P +0.7%, Nasdaq +0.9%.

• Fed expected to cut rates to 3.75–4.00% on Oct. 29.

• “Mag 7” earnings on deck: Apple, Amazon, Alphabet, Meta, Microsoft.

• Trump–Xi meeting Thursday in South Korea may ease trade tensions.

• Treasury Sec. Bessent says talks “constructive, far-reaching.”

• Major indexes hit record highs Friday; Dow tops 47,000 for first time.

EARNINGS

Here’s what we’re watching this week:

• TUE: *JetBlue $JBLU ( ▲ 2.85% ), *PayPal $PYPL, SoFi $SOFI ( ▲ 2.9% ), *UnitedHealth $UNH ( ▲ 0.3% ), UPS $UPS ( ▲ 1.72% ), Visa $V ( ▲ 0.44% ), *Wayfair $W ( ▲ 3.31% )

• WED: *Boeing $BA ( ▲ 0.66% ), Chipotle $CMG ( ▲ 0.04% ), Meta $META ( ▲ 1.9% ), Microsoft $MSFT ( ▲ 1.7% ), Starbucks $SBUX ( ▲ 0.93% ), *Verizon $VZ ( ▲ 0.95% )

  • *Alphabet $GOOGL ( ▲ 2.71% ) - $2.28 EPS (+7.5% YoY) on $100B revenue (+13.2% YoY)

• THU: *Eli Lilly $LLY ( ▼ 0.55% ), Estee Lauder $EL ( ▼ 1.52% ), Reddit $RDDT ( ▲ 2.14% ), *Roblox $RBLX ( ▲ 1.99% ), *Roku $ROKU ( ▲ 1.52% ), Shake Shack $SHAK ( ▲ 1.68% ), *SiriusXM $SIRI ( ▲ 0.63% )

  • Amazon $AMZN ( ▲ 1.57% ) - $1.56 EPS (+9.1% YoY) on $177.7B revenue (+11.8% YoY)

  • Apple $AAPL ( ▲ 1.15% ) - $1.76 EPS (+81.4% YoY) on $102.1B revenue (+7.6% YoY)

• FRI: *Chevron $CVX ( ▲ 0.16% ), *Exxon $XOM ( ▲ 0.1% )

Full calendar here »

A MESSAGE FROM MARKETWISE

We’ve Ween This Before… and it Didn’t End Well

Forty years after the Plaza Accord's cut American's wealth almost in half...

A new movement is underway with the same goal.

My firm already briefed our paying clients on this urgent story.

But in my urgent new market briefing, I want to help pull back the curtain for you and your loved ones, too... at no cost.

Fair warning: what I say is controversial. But after hours and hours of research, I see no other conclusion.

The implications are personal and more far-reaching than anything I've seen in my 40-plus years in the markets.

Mark my words: The steps you take right now could determine whether you watch 40% of your wealth disappear...

Or join the next wave of millionaires this seismic shift could create.

Click here to get caught up, before it's too late.

Here's to our health, wealth, and a great retirement,

Dr. David Eifrig, MD, MBA
Senior Partner, Stansberry Research
CEO, MarketWise

- a message from Marketwise -

HEADLINES

US, China Tee Up Sweeping Trade Deal for Trump, Xi to Finish

Bull Market’s Make-or-Break Week Arrives With Big Tech Earnings

• Wall Street notches record closing highs on cool inflation, solid earnings (more)

• Bessent says US, China have reached trade framework (more)

• Rubio says US will not change Taiwan policy for China trade deal (more)

• Trump slaps 10% extra tariff on Canada over Reagan trade ad (more)

• Trump’s $130 million mystery military donor is Timothy Mellon (more)

• Markets cheered the CPI print but Main Street not feeling the relief (more)

  • New CPI data resets December Fed interest rate cut (more)

• Oil rises after best week since June on US-China trade optimism (more)

• Gold trader hiring spree drives up pay as bullion market booms (more)

• AI spending is boosting the economy, but businesses are in survival mode (more)

• Truckload capacity is falling faster than demand (more)

• GM unveils 'eyes off' self-driving, 'conversational' Google AI (more)

• Private credit titans eye opportunity in Saudi liquidity aqueeze (more)

DEALFLOW

M+A | Investments

• Novartis to acquire Avidity Biosciences in $12 billion deal

• Janus RX receives investment from FFL Partners

• SecondWave Systems receives new investment to expand Series A funding

• Linen Cloud receives investment from several enterprise tech leaders

VC

• CourtReserve, a club management software platform provider, received a $54M strategic growth investment

• Veritas Prime, a provider of SAP SuccessFactors and payroll technology solutions, received a $31.5M minority investment

• Natural, a Sfintech company building the infrastructure powering agentic payments, raised $9.8M in Seed funding

• VitVio, a platform that reduces the administrative load on surgical teams, closed an $8M Seed funding round

• Shuttle, an AI-enabled cloud infrastructure platform, raised $6M in funding

• Paygentic, an AI-powered billing and payments infrastructure startup, raised $2M in Pre-Seed funding

"40% Crash Coming? Yes, But Not Like You Think..."
Former Goldman Sachs exec and now the CEO of MarketWise (parent company of Stansberry, Chaikin Analytics, and Altimetry) just issued what he calls the most urgent warning of his career. He thinks your hard-earned savings could be on the verge of a 40% collapse. He lays out all the proof... plus a detailed plan for exactly what to do. (And it doesn't require shorting... options... or perfectly "timing the market.")
You must see this new warning today »

- a message from Marketwise -

CRYPTO

• Bitcoin miners use computing power to service a thirsty AI boom (more)

• Stablecoin use for payments jumps 70% since US regulation (more)

• Stablecoin leader Tether expects profit to increase to $15B this year (more)

• Crypto.com joins digital-asset firms pursuing US bank charters (more)

BULLISH BITES

🚨 Beware of the “Debasement Trade” * 

🤖  AI is keeping the US economy out of a recession.

🤔 What is Bitcoin, and how does it work?

💼 Overwork is so back.

⌚️ Francis Ford Coppola, who says he’s ‘broke,’ is selling a $1 million watch.

DAILY SHARES

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