Markets brace for impact

Tariff hikes unnerve Wall Street, crypto crashes, Canada, Mexico pledge retaliatory tariffs, Nvidia’s Jensen Huang and Trump met Friday to discuss AI, and OpenAI unveils a new ChatGPT agent for ‘deep research’...

Good morning.

The Fast FiveTariff hikes unnerve Wall Street, crypto crashes, Canada and Mexico pledge retaliatory tariffs, Nvidia’s Jensen Huang and Trump met Friday to discuss AI, and OpenAI unveils new ChatGPT agent for ‘deep research’…

Calendar: (all times ET) - Full Calendar

  • Today:
    Construction spending, 10:00A

  • Tomorrow:
    Durable-goods orders, 8:30A

Your 5-minute briefing for Monday, February 3:

BEFORE THE OPEN

As of market close 1/30/2025. Bitcoin as of 2/2/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 40.96% for Week of January 30 2025

Previous week: 43.43%. Updates every Friday.

Market Wrap:

  • Futures drop as Trump slaps tariffs on Mexico, Canada, and China.

  • Dow -463 pts, S&P -1.6%, Nasdaq -2.1%. Canada, Mexico hit back with tariffs.

  • Oil and USD rise as markets brace for trade war fallout.

  • Big earnings week: Alphabet, Amazon, Palantir, Disney, Mondelez report.

  • January jobs report Friday: 175K jobs expected, unemployment at 4.1%.

EARNINGS

Here’s what we’re watching this week:

  • Today: Palantir (PLTR)

  • Tuesday: Chipotle (CMG), PayPal (PYPL), Spotify (SPOT)

    • Alphabet (GOOGL) - earnings of $2.12 per share (+29.3% YoY), on $96.7B revenue (+12% YoY)

  • Wednesday: MicroStrategy (MSTR), Uber (UBER)

  • Thursday: Eli Lilly (LLY), Peloton (PTON), Tapestry (TPR)

    • Amazon.com (AMZN) - earnings of $1.49 per share (+49% YoY) on $187.3B revenue (+10.2% YoY)

HEADLINES

Markets were dealt a blow last week as the emergence of China's DeepSeek AI model hit tech stocks, and uncertainty around Trump tariffs has weighed on broader markets.

President Trump has ordered 25% tariffs on imports from Canada and Mexico, while Chinese imports face 10% tariffs.

  • Jobs report and Trump’s trade war hold keys to outlook for stocks (more)

  • Trump says Americans could feel 'pain' in trade war (more)

  • Fed made the right call last week to pause rate cuts, Trump says (more)

  • Dollar advances after White House reiterates Trump tariff threats (more)

  • Oil jumps as Trump slaps tariffs on biggest crude supplier to US (more)

  • Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil (more)

  • China denounces Trump tariff: 'Fentanyl is America's problem' (more)

  • Canada to launch program to relieve businesses of tariff hit (more)

  • Nvidia CEO Jensen Huang and President Trump met to discuss AI policy (more)

  • OpenAI unveils a new ChatGPT agent for ‘deep research’ (more)

  • Costco, Teamsters reach tentative agreement, avoiding a strike (more)

A MESSAGE FROM LOUIS NAVELLIER

'Bombshell' Presentation Predicts Market Havoc…

Something huge is about to hit the stock market.

Wall St. legend Louis Navellier calls it: "The most significant market event of my 47-year career..."

He says that when this event comes crashing down on the stock market in the coming months… millions of investors will be taken by surprise.

Put aside all of your other concerns for the moment… because if you're on the wrong side of this monumental market shift, you risk getting wiped out.

DEALFLOW

M+A | Investments

check back tomorrow

VC

  • Motif Systems, a building design platform, raised $46M in Seed and Series A funding (more)

  • Closinglock, a fintech and fraud prevention technology provider, raised $34M in Series B funding (more)

  • Savant Labs, an AI-powered platform helping business analysts manage data, raised $18.5M in Series A funding (more)

  • Observo AI, an AI-native data pipeline company, raised $15M in Seed funding (more)

  • Cedar Money, a payments company that enables cross-border money movement on stablecoins, raised $9.9M in Seed funding (more)

  • Backline, an autonomous security remediation platform, raised $9M in Seed funding (more)

  • Perspective AI, a customer conversations company, raised $4M in Seed funding (more)

CRYPTO

  • Bitcoin tumbles 8% to $93K with billions liquidated (more)

  • MicroStrategy upsizes preferred stock offering, raising $563M for more Bitcoin (more)

  • Grayscale unveils new Dogecoin trust (more)

  • Bitcoin will be 'worthless' In 10 years, finance Nobel Prize winner says (more)

BULLISH BITES

 Six takeaways from a monumental week for AI.

🎓 Parents ditch 529 plans and embrace Bitcoin for college savings.

🧥  Suede coats and sacred cows: Patrice Louvet on turning Ralph Lauren around.

🎬 Sundance 2025: all the latest movie reviews and updates from the festival.

DAILY SHARES

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