BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 32.69% for Week of SEP 04 2025

Market Wrap:

• Futures flat after record closes for all 3 indexes

• Dow +600 pts, topped 46,000 for first time

• CPI +0.4% MoM (hotter); +2.9% YoY (in line)

• Jobless claims jumped to 263K, highest since Oct ’21

• Markets see Sept. 17 Fed rate cut as near certain

• S&P up 1.6% WTD, best week since early August

EARNINGS

Nothing watched today. See full calendar here »

A MESSAGE FROM STANSBERRY RESEARCH

The Fed Meeting About the “Smart Dollar”

This week, investors quietly moved $6.2 billion in a span of 24 hours - likely in anticipation of the next Fed meeting.

At the center of the discussion? President Trump's new "Smart Dollar."

You see, what was once dismissed as too radical is finally being taken seriously at the highest levels of government. Even Jerome Powell's now on board.

Already, the "Smart Dollar" is moving more money than Visa and Mastercard combined… and it's triggered a $40 billion surge in demand for US Treasury bills.

I believe this could be the biggest financial shift since credit cards started appearing in every American's wallet – and the gains for people who know about it now could be extraordinary.

Get the full story here.

HEADLINES

Consumer Prices Rose, Keeping Fed on Track for Rate Cut

Paramount Plans Bid for Warner Bros.

• Wall Street indexes post record-high closes; Tesla and Micron rally (more)

• Trump announces posthumous Medal of Freedom for Charlie Kirk (more)

• Trump's tariff revenue just hit another monthly record (more)

• Here's the inflation breakdown for August (more)

• Social Security cost-of-living adjustment may be slightly higher in 2026 (more)

• Dollar on back foot as jobless claims firm up Fed rate cut views (more)

• Gold surpasses inflation-adjusted record high set in 1980 (more)

• Oil prices slide 2% on worries about global oversupply (more)

• Global EV sales growth slows to 15% in August (more)

• Microsoft, OpenAI reach early deal in for-profit change (more)

• Apple starts getting customers used to the idea of $2,000 iPhones (more)

• Wall Street’s race for stablecoin talent sends pay soaring (more)

• Private equity execs warn of industry failures (more)

• Family office’s Klarna bet nets 600% gain for Danish billionaire (more)

• United CEO expects struggling Spirit Airlines to go out of business (more)

• Databricks AI Chief to exit, launch a new computer startup (more)

DEALFLOW

M+A | Investments

• Technip Energies buys Ecovyst’s Materials & Catalysts business for $556M

• GE Vernova to sell Proficy to TPG for $600M

• Anaplan acquires Syrup Tech

• Nayya acquires Northstar

• VeloSource receives investment from Interlock

VC

• Kriya Therapeutics, a biopharma company developing gene therapies for chronic diseases, raised $320M in Series D financing

• Odyssey Therapeutics, a biopharma company, raised $213M in Series D funding

• PixVerse, an AI video platform (U.S. tag notwithstanding), raised $60M in Series B funding

• Nitricity, a climate startup electrifying the production of nitrogen fertilizer worldwide, raised $50M in Series B funding

• Koi, an endpoint security startup, raised $48M in Seed and Series A funding

• Penguin Ai, a healthcare AI company that solves administrative burdens, raised $29.7M in venture funding

• Pest Share, an on-demand pest control platform for residential property managers, raised $28M in Series A funding

• Accordance, an AI-native platform built specifically for accounting and tax firms, raised $13M in funding

• Standard Fleet, a fleet management platform for the connected-vehicle sector, raised $13M in Series A funding

• Eloquent AI, a company improving customer support automation for financial services, raised $7.4M in Seed funding

• Quack, an agentic AI platform for customer support, raised $7M in Seed funding

• Procense, an industrial automation startup developing AI and remote sensing technologies, raised $1.5M in Seed funding

CRYPTO

• BlackRock seeks to tokenize ETFs after Bitcoin fund breakthrough (more)

• Saylor’s Strategy snubbed by S&P 500 amid Robinhood's surprise inclusion (more)

• Coinbase: Crypto bull market still has room to run (more)

BULLISH BITES

🚨 "THIS is the biggest economic story of 2025" * 

🤖  Meta’s elite AI unit sparks tension with old guard.

🏈 What YouTube’s first NFL game says about the league’s future.

💰 Singapore tycoon’s fortune makes six grandchildren billionaires.

👐 The strange world of competitive massage.

DAILY SHARES

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