Pitching investors

Bessent pitches investors to bet on Trump’s economic plan, OpenAI will remain a non-profit, Palantir CEO cites ‘tectonic shift’ in AI adoption, Ford sees $1.5 billion hit from tariffs, and Nike’s President is out...

Good morning.

The Fast FiveBessent pitches investors to bet on Trump’s economic plan, OpenAI will remain a non-profit, Palantir CEO cites ‘tectonic shift’ in AI adoption, Ford sees $1.5 billion hit from tariffs, and Nike’s President is out

The Hidden $20 Stock Billionaires & Congress Are Buying

Buffett. Griffin. Abramovich. Koch Brothers. Congress.

They're all quietly investing in the same $20 stock.

Why? It sits in a sector that impacts $85 trillion in economic activity - that's 13x bigger than oil. And the AI revolution could send this stock soaring.

Get the ticker here »
-from Behind The Markets

Calendar: (all times ET) - Full Calendar

  • Today:
    Adv retail inventories, 8:30A
    Adv wholesale inventories, 8:30A
    Consumer confidence, 10:00A
    Job openings, 10:00A

  • Tomorrow
    PCE index, 8:30A

Your 5-minute briefing for Tuesday, May 6:

BEFORE THE OPEN

As of market close 5/5/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 20.94% for Week of MAY 1 2025

Previous week: 21.94%. Updates every Friday.

Market Wrap:

  • S&P -0.64%, Nasdaq -0.74%, Dow -0.24%; S&P snapped 9-day win streak.

  • India reportedly proposed zero tariffs on steel, auto parts, pharma.

  • Bessent, Trump say trade deals could come this week—but no China talks.

  • Trump authorizes 100% tariff on foreign films; NFLX -2%, PARA -1%+.

  • Siegel: “I don’t think the impact has hit us yet.”

  • Fed meeting starts Tues; rate cut odds low, but Powell commentary key.

EARNINGS

Here’s what we’re watching this week:

What Does Buffett Know that We Don’t?

Why has he plunked down $40 billion into this sector...

Is it because this one stock could quietly fund your retirement?

It's not a flashy AI company.

It's not a tech startup.

But Elon Musk says civilization would crumble without their work.

And right now, it's making so much money they're paying a near 8% dividend - even during this market crash!

You have the opportunity to get in on this undervalued "tarrif-proof" play.

Click here to discover what we're calling the last retirement stock you’ll ever need.” »

- from Behind The Markets -

HEADLINES

The Treasury secretary urged executives and entrepreneurs to look beyond the Trump administration’s trade agenda.

The company will become a public benefit corporation and the nonprofit that has controlled it will be its largest shareholder.

  • S&P 500 snaps 9-session win streak after latest Trump tariff (more)

  • US services sector expands with hints of rising price pressures (more)

  • Trump movie tariffs threat bashes entertainment stocks (more)

  • Dollar restrained by surge in Asian counterparts (more)

  • Oil steadies after falling to four-year lows in previous session (more)

  • China’s economy on cusp of a deflationary death spiral (more)

  • Tariff fears loom large at Milken as execs try to stay calm (more)

  • Palantir lifts full-yr guidance as CEO cites ‘tectonic shift’ in AI adoption (more)

  • Ford pulls outlook, sees $1.5 billion hit from Trump tariffs (more)

  • Apple prices first bond offering in 2 years (more)

  • Nike President O’Neill is out in latest shake-up under new CEO (more)

  • Rite Aid files for second bankruptcy, announces job cuts (more)

DEALFLOW

M+A | Investments

  • 3G Capital to buy Skechers footwear brand for $9.4 billion

  • OpenAI agrees to buy Windsurf for about $3 billion

  • Pershing Square to boost Howard Hughes stake with $900M Investment

  • CoreWeave, a cloud platform provider, acquired Weights & Biases, an AI developer platform

  • HubSync, a tax and accounting platform, received an over $100M growth investment from Thoma Bravo

  • Mission Wealth, a wealth management firm, received an investment from Great Hill Partners

  • LlamaIndex, a platform for agentic document workflows, received investments from Databricks and KPMG

  • Vector, a logistics workflow platform for shippers, carriers, and retailers, received an investment from BVP Forge

  • SETWorks, software solutions for human services organizations, received an investment from Polaris Growth Fund

VC

  • Anysphere, a builder of an AI coding assistant called Cursor, reportedly raised $900 million in funding at around a $9 bln valuation

  • Atlas Data Storage, a tech company building end-to-end DNA data storage solutions, raised $155M in Seed financing

  • Rainmaker Technology, a water precipitation enhancement startup, reportedly raised $25M in Series A funding

  • Kintsugi, a sales tax compliance startup, raised $18M in funding

  • Trek Health, a payment and insurance workflow automation platform for mental health, raised $11M in Series A funding

  • ChurchSpace, a platform that connects churches with people seeking event spaces, raised $1.2M in funding

CRYPTO

  • Trump set to raise millions from crypto and meme coin this month (more)

  • Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill (more)

  • Robinhood rival EToro Group and its backers seek $500M in US IPO (more)

BULLISH BITES

🚨 Missed the AI boom? This $20 stock could be bigger. *

📉 What investors need to know during times of turbulence.

🤖 Meet the companies racing to build quantum chips.

✈️ It's the end of cheap flying as Americans tire of budget airlines.

🍺 The best beers in the world.

DAILY SHARES

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