Calendar:

• Today: Consumer Price Index (CPI), 8:30a ET 

• Friday, 2/16: Producer Price Index (PPI), 8:30a ET

BEFORE THE OPEN

Pre-Market:

Market Recap:

• Stock futures dip as investors await key inflation report.

• Dow, S&P 500, and Nasdaq futures slip.

• Avis Budget Group falls 2% after missing revenue estimates.

• JetBlue soars 16% following Carl Icahn's 10% stake announcement.

• Dow hits record, S&P 500 above 5,000, Nasdaq down.

• CPI report awaited for insight into price pressures, expected increase: 0.2% MoM, 2.9% YoY.

• Core prices forecasted to rise 0.3% MoM, 3.7% YoY.

• Earnings from Coca-Cola, Hasbro, Marriott in AM — MGM Resorts, DaVita earnings after the close.

EARNINGS

What we’re watching this week:

• Today: Airbnb (ABNB), Coca-Cola (KO), Instacart (CART)

• Wednesday: Twilio (TWLO)

  • Cisco Systems (CSCO) - expected: $.84 per share (-4.5% YoY) on $12.7B revenue (-6.6% YoY)

• Thursday: DoorDash (DASH), PENN Entertainment (PENN), Roku (ROKU)

  • Coinbase Global (COIN) - expected: $.04 per share on $820.3M revenue (+30.4% YoY)

  • DraftKings (DKNG) - expected: $.08 per share on $1.2B revenue (+45.2% YoY)

Full earnings calendar here

HEADLINES

Private Equity Returns Plunge to Global Financial Crisis Levels

Bitcoin Surges Past $50,000 for the First Time Since 2021

• US January deficit drops sharply as receipts grow, tax refunds fall (more)

• Dollar drifts higher, in consolidation mode, as markets await US inflation data (more)

• A $700B insurance product is powering the US credit market rally (more)

• IPOs broaden in busy week with Goldman bullish on more deals (more)

• Temu spent millions on six Super Bowl ads as it tries to win back US shoppers (more)

• Arm extends blistering rally as stock nearly triples since IPO (more)

• JetBlue stock jumps after Carl Icahn reports 9.91% stake (more)

  • JetBlue resets with new CEO, industry veterans to run airline on time, and profitably (more)

• AI frenzy puts Nvidia briefly ahead of Amazon in market value (more)

• Sam Altman seeks trillions of dollars to reshape business of chips and AI (more)

• Uber, Lyft, DoorDash drivers to strike on Valentine's Day for fair pay (more)

• Musk's X to let brands run ads next to certain creators (more)

• Microsoft gets ready to lay out its vision for the future of Xbox (more)

• GM Cruise robotaxi unit names former Ford, Apple exec as safety chief (more)

TOGETHER WITH THE RUNDOWN AI

DEALFLOW

M+A | Investments

• Diamondback sets $26 billion deal for shale oil rival Endeavor Energy (more)

• Gilead to buy CymaBay for $4.3B in bets on liver disease treatment (more)

• Martin Marietta boosts building material supplies in $2.05B deal for Blue Water units (more)

• Britain's Tritax Big Box agrees on possible $1.17B offer for rival UKCM (more)

• ContextLogic nears $173M sale of Wish to Qoo10 (more)

• Glencore seeks buyer for troubled New Caledonia Nickel Mine (more)

• Italian loafer-maker’s buyout plan fuels luxury M&A speculation (more)

• HTEC, an end-to-end digital product development and engineering services company, acquired Syrmia, an embedded software engineering company (more)

• Euna Solutions, a provider of cloud-based solutions for the public sector, acquired EqualLevel, a provider of procurement marketplaces that create efficiencies for agencies, suppliers (more)

• Trading Technologies (TT), a global capital markets technology platform provider, acquired Ateo, a provider of post-trade solutions for listed derivatives (more)

• Zendesk, a provider of software-as-a-service products related to customer support, sales, and other customer communications, acquired Klaus, a provider of an AI-powered quality management platform (more)

• Arlington-backed Avenu buys Judicial Innovations (more)

• Littlejohn-backed IWS purchases Oak Ridge Waste & Recycling (more)

• Tandym buys Kolter Solutions (more)

• Ambienta acquires Officine Maccaferri (more)

• Godspeed-backed Crimson Phoenix purchases TekMasters and Seaford Consulting (more)

• Endeavour, Greenbelt invest in CTC (more)

• Comvest makes new investment in ClearOne Advantage (more)

• Partners Capital Investment Group, a global outsourced investment office, received a minority investment from General Atlantic (more)

• AGF invests in New Holland Capital (more)

VC

• Bugcrowd, a provider of an AI-powered crowdsourced security platform, raised $102M in Growth funding (more)

• Alys Pharmaceuticals, Inc., an immuno-dermatology focused company, launched with a $100M funding from Medicxi (more)

• Nucleus Security, a provider of a risk-based vulnerability management platform, raised $43M in Series B funding (more)

• Reken, an AI and cybersecurity company, raised $10M in Seed funding (more)

• Motif Analytics, a data analytics startup, raised $5.7M in Seed funding (more)

• BRIJ Medical, a medical device manufacturer, raised $5.5M in funding (more)

• Cosmic Aerospace, an aerospace startup, raised $4.5M in Seed funding (more)

• Prosal, a provider of an RFP’s platform for agencies, reached $1.58M in Seed funding with a new influx of $400k (more)

• Swirl, a live shopping mobile SaaS platform provider, raised $1.1M in Seed funding (more)

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CRYPTO

• Peter Thiel’s Founders Fund made $200 million crypto investment before bull run (more)

• As spot Bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts high ceiling for growth (more)

• Franklin Templeton joins Ethereum ETF race (more)

• FTX to sell custody unit for $500K after paying $10M just months before collapse (more)

BULLISH BITES

🏈 Super Bowl ads recap: DoorDash, DunKings, Beyoncé and the most-talked about commercials.

👍 Approved: A new dating app for people with good to excellent credit.

🧸 Pillow fight: Warren Buffett's Squishmallows sues Build-A-Bear over 'knockoff' toy line.

🏰 Mega-listing: The most expensive home for sale in the US goes up for $295 million in Naples, Florida.

📈 ICYMI: Sign up for Moby’s weekly stock picks and discover how their last AI pick returned 642%.

DAILY SHARES

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