- Market Briefing
- Posts
- Musk pitches new role
Musk pitches new role
Wall St mixed ahead of economic data, Trump calls for presidential influence on Fed policy, Musk pitches role for himself in Trump White House, GM cuts jobs in China, and S&P and Moody's downgrade JetBlue …
TOGETHER WITH
Good morning.
The Fast Five → Wall St mixed ahead of economic data, Trump calls for presidential influence on Fed policy, Musk pitches role for himself in Trump White House, GM cuts jobs in China, and S&P and Moody's downgrade JetBlue …
💰 See why Americans are turning to gold in 2024 »
- a message from All American Assets
Calendar: (all times ET) - Full calendar here
Today: Producer price index (PPI), 8:30 AM
Tomorrow: Consumer price index (CPI), 8:30 AM
Your 5-minute briefing for Tuesday, August 13:
US Investor % Bullish Sentiment:
↓40.54% for Wk of August 08 2024
Last week: 44.88%. Updates every Friday.
Market Wrap:
Stock futures mostly flat Monday night
Monday’s session: S&P flat, Nasdaq +0.21%, Dow -0.36%
Major averages rebounded last week after Monday’s sharp drop
Focus on PPI (today) and CPI (tmrw), both expected to rise 0.2% in July
Retail sales data later this week under scrutiny
EARNINGS
Here’s what we’re watching this week:
Today:
Home Depot (HD) - earnings of $4.52 per share (-2.8% YoY) on $43.1B revenue (+0.05% YoY)
Wednesday: Dole (DOLE), UBS (UBS)
Cisco (CSCO) - analysts predict a 21.3% drop in earnings to $.85 per share on $13.5B revenue (-6.3% YoY)
Thursday: Alibaba (BABA), Tapestry (TPR)
Walmart (WMT) - earnings of $.64 per share (+14.3% YoY) on $168.5B revenue (+4.3% YoY)
Full earnings calendar here.
TOGETHER WITH ALL AMERICAN ASSETS
Welcome to the Financial Rollercoaster of 2024
…where inflation is relentless, stock markets are inflated, and global conflicts are escalating. Under the current disastrous policies, our savings are being devalued faster than ever. Protecting your wealth has never been more urgent.
That's why we've created 3 Essential Guides to help you navigate these uncertain times and ensure your savings last as long as you do.
This free, comprehensive kit includes:
Time is of the essence. Protect your nest egg today.
-Randy Allen, Vice President
All American Assets
- sponsored message -
HEADLINES
Musk blames cyber attack for 40-minute delay to event. Audience for GOP nominee, world’s richest man hits 1.3 million.
Donald Trump said last week that the president “should at least have a say” in monetary policy. Sen. JD Vance, Trump’s running mate, backed that position.
Wall St mixed ahead of economic data; CPI in focus (more)
Falling commodity prices indicate trouble brewing with the economy (more)
US consumer medium-term inflation expectations drop (more)
Dollar tenses for data verdict on rate cut risks (more)
Crude oil rallies over 4% as Pentagon sends more forces to Middle East (more)
Thousands of bankers quitting their jobs in India (more)
S&P and Moody's downgrade JetBlue amid $3 bln debt raise, shares sink (more)
B. Riley struggles to value its assets as SEC steps up scrutiny (more)
GM cuts China jobs as it resets in world’s biggest car market (more)
Starbucks and activist Elliott met last week to discuss settlement (more)
Adani Group shares shed billions after Hindenburg allegations (more)
Spirit Aero CEO Shanahan to get $28.5M ‘golden parachute’ (more)
DEALFLOW
M+A | Investments
Eli Lilly sells $5 billion of bonds to fund Morphic deal (more)
WSP buys Idaho engineering firm in $1.8B energy transition bet (more)
Tourmaline Oil to acquire Crew Energy for $947 million (more)
Canada's Scotiabank buys 14.9% stake in US lender KeyCorp for $2.8B (more)
India's Bharti to buy 24.5% stake in BT from Altice (more)
Janus Henderson to buy Victory Park Capital in private credit expansion (more)
Consello Capital acquired EHE Health, a network provider of preventive healthcare (more)
Fulcrum IT Partners, an international IT solutions provider, acquired Fortress SRM, a company providing cybersecurity solutions (more)
Janus Henderson Group, a global active asset manager, acquired a majority stake in Victory Park Capital Advisors, a global private credit manager that provides solutions to businesses (more)
UFS, a technology outfitter for community banks, acquired Safe Systems, a provider of IT and security services (more)
Lukka, a global blockchain data provider, received an investment from Animoca Capital (more)
Prana Thoracic, a medtech startup, received investment from cultivate(MD) (more)
VC
RŌZ, a haircare line made by celebrity hairstylist Mara Roszak, raised an undisclosed amount in Seed funding (more)
Halda Therapeutics, a biotech company developing cancer therapies, raised $126M in Series B extension (more)
UptimeAI, a provider of AI-based plant monitoring software for industrial businesses, raised $14M in Series A funding (more)
Bandana, a startup that empower workers and give them the tools and resources they need to take control of their work and their lives, confirmed they raised $8.5M in funding (more)
Kano Therapeutics, a biotech company advancing single-stranded DNA (ssDNA) as a flexible biomolecule for gene insertions, raised $5M in Seed funding (more)
Cosine, a human-like, AI software developer, raised $2.5M in funding (more)
Hyperbots, an AI-powered fintech startup, raised $2M in seed funding (more)
CRYPTO
BULLISH BITES
💰 Inflation & Global Conflict: How to protect your wealth *
📲 The Buzz: What to expect from Google’s Pixel 9 event.
🏚 Curb Appeal: It was a hot real estate trade. Now investors are worried.
💸 Survey Says: Gen X fears running out of money more than death.
😳 Click ‘Buy’: A $19,000 tiny home with chic roof deck can be yours — on Amazon.
DAILY SHARE
Place a man a trade and he will lose money for a day. Teach a man to trade and he will lose money for a lifetime.
— Douglas A. Boneparth (@dougboneparth)
3:05 PM • Aug 12, 2024
this is why we buy #bitcoin
— wallstreetbets (@wallstreetbets)
6:36 PM • Aug 12, 2024
What did you think about today's briefing? |
Have a comment or suggestion?
💌 Send us a message
*from our partners
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.
Reply