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'Major' trade deal
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...
Market Briefing
May 08, 2025
Good morning.
The Fast Five → 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…
 -from Porter and Company | Trump’s Final Reset Inside the plot to “reset” America’s financial system…and why you need to move your money now. |
Calendar: (all times ET) - Full Calendar
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Your 5-minute briefing for Thursday, May 8:
BEFORE THE OPEN
As of market close 5/7/2025.
Pre-Market:
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US Investor % Bullish Sentiment:
↓ 20.94% for Week of MAY 1 2025
Previous week: 21.94%. Updates every Friday.
Market Wrap:
Futures edge lower post-Fed: S&P -0.1%, Dow -55 pts, Nasdaq flat
Wed: S&P +0.43%, Dow +0.7%, Nasdaq +0.27%, Nvidia +3% on chip news
Fed holds at 4.25%–4.5%, flags inflation and jobs risk
Powell rules out early cut, says inflation still too high
AppLovin +13% on earnings & gaming sale; Arm -11% on weak outlook
EARNINGS
Here’s what we’re watching this week:
Today: DraftKings $DKNG ( ▲ 1.52% ), MARA $MARA ( ▲ 2.22% ), Paramount Global $PARA ( ▼ 0.67% ), Peloton $PTON ( ▲ 12.16% ), Tapestry $TPR ( ▼ 0.48% )
Coinbase $COIN ( ▼ 1.12% ) - Analyst overweight (or "Buy") rating on COIN and a 12-mo target price of $310
⬇️ Claim Your Complimentary Report from GoldCo
4 Reasons The Dollar Could Collapse
If you’ve noticed that your dollars don’t seem to go as far as they used to, you’re not alone. Millions of Americans are in the same boat.
The recent inflation rate, the highest in over 40 years, was a wake up call that made many people realize that the financial stability they had taken for granted for decades no longer exists.
The US government has been tempted to use its reserve currency status to its financial advantage. This has resulted in massive devaluation of the dollar.
A way to help protect your dollars is to diversify your money with assets that don’t depend upon the strength and health of the dollar for their value. Precious metals like gold and silver, for instance, are in demand around the world 24/7 and aren’t dependent upon the value of the dollar.
To find out reasons why experts are predicting the collapse of the dollar, request your free digital copy of the 4 Reasons the Dollar Could Crash eBook.
*Offer valid on qualified orders of Goldco premium products only. Receive up to 10% in free silver based on purchase amount; cannot be combined with other offers. Additional terms apply—see your customer agreement or contact your representative for details.
HEADLINES
The unanimous decision marks the third time this year that the US central bank has kept the cost of borrowing the same.
Trump teased a significant trade announcement to be announced Thursday — a source familiar with the administration’s plans tells CNN the deal will be with the United Kingdom.
Late chip rally lifts stocks after Fed rate decision (more)
Analysts react to Federal Reserve holding rates steady (more)
Moody's warns of risk posed by rising retail exposure to private credit (more)
US scraps Biden-era rule aimed to limit exports of AI chips (more)
Cargo at the Port of LA is down 35% in the wake of tariffs (more)
Alphabet sinks 7% after Apple’s Cue says AI will replace search engines (more)
Arm shares drop on weak forecast (more)
Toyota sees 21% full-year profit decline as tariffs take a bite (more)
CrowdStrike announces 5% job cuts, says AI is ‘reshaping every industry’ (more)
China’s factories start to imagine world without American buyers (more)
Disney announces its first Middle East theme park in Abu Dhabi (more)
DEALFLOW
M+A | Investments
Grab looks to acquire Indonesia's GoTo in Q2
Veolia to acquire remaining stake in Water Technologies and Solutions for $1.75B
Neocol, a consulting firm helping organizations streamline their operations, received an investment from Shamrock Capital
VC
OX Security, an application security platform, raised $60M in Series B funding
PAQ Therapeutics, a biotech company developing KRAS degraders, raised $39M in Series B financing
Inductive Bio, a tech company advancing AI models for small molecule drug discovery, raised $25M in Series A funding
WisdomAI, a company offering business insight agents, raised $23M in funding
Carta Healthcare, an AI-powered clinical data abstraction solutions, raised $18.25M in Series B1 funding
Jericho Security, an AI-powered cybersecurity training and conversational phishing defense platform, raised $15M in Series A funding
FirmPilot, an AI marketing engine for law firms, raised further funding, bringing its total to $11.7M
Uviquity, a tech startup advancing new photonic disinfection technologies, raised $6.6M in Seed funding
CRYPTO
BULLISH BITES
🚨 Could Trump have a third term in office? *
🤖 Amazon just unveiled a new warehouse robot with a sense of touch.
💊 OpenAI and the FDA are discussing AI for drug evaluations.
💼 A comprehensive list of 2025 tech layoffs.
✝ How to stream the papal conclave.
DAILY SHARES
Friendly fire in the Mag Seven today. $GOOG
— TrendSpider (@TrendSpider)
12:00 AM • May 8, 2025
It's called research. Look it up.
— Kalshi (@Kalshi)
10:36 PM • May 7, 2025
I didn’t want to work a regular 9 to 5 job, so I started my own business. Now I work 24/7.
— Douglas A. Boneparth (@dougboneparth)
1:10 PM • May 7, 2025
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