Good morning.
The Fast Five → Trump weighs capital gains tax cuts, US Treasury is paying $3B a day in interest on national debt, Nvidia is developing a new AI model family, older Americans are dropping out of the workforce, and Big Tech meets Milton Friedman…
📌 We just caught Wall Street sneaking money into two stocks — ahead of the Nov. 3 election.
(from Outlier Intel)
Calendar: Full Calendar »
Today:
Consumer Price Index, 8:30A
Tomorrow:
Producer Price Index (PPI) 8:30A
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, August 12:
BEFORE THE OPEN
As of market close 8/11/2026.
Pre-Market:
Market Wrap:
Futures: Dow +22 (+0.04%), S&P +0.07%, Nasdaq +0.08%
Tue: Dow +0.3%, S&P +0.4%, Nasdaq +0.5%
Super Micro and CoreWeave surged after earnings
July CPI could reshape September rate-hike odds
Elevated oil prices keep inflation concerns alive
Treasury yields remain high ahead of CPI
Focus shifts to CPI, Cisco, and Cerebras
EARNINGS
Here’s what we’re watching this week:
Today:
Cisco Systems $CSCO ( ▼ 1.75% ) - EPS of $1.17 (+18.2% YoY) on $16.83B revenue (+14.7% YoY)
THU: *Tapestry $TPR ( ▼ 2.57% )
Applied Materials $AMAT ( ▲ 0.67% ) - EPS of $3.39 (+36.7% YoY) on $9.01B revenue (+23.4% YoY)
Wall Street Quietly Buying These Stocks Before November 3?
We caught Wall Street in the act.
Take a look:
Right here in June…
BlackRock made a strange move.
It put nearly $1 billion into a forgotten-about corner of the AI market.
In fact, we flagged a number of strange transactions from gigantic firms like Goldman Sachs and JPMorgan…
Into two specific stocks in this critical but rarely talked about corner of AI.
I believe these companies are loading up ahead of November 3.
- a sponsored message from Outlier Intel -
HEADLINES
Trump is considering calling on Congress to cut capital gains taxes as part of his policy pledges for the midterm election.
Big Tech is working its way through all four stages of a money-spending matrix legendary economist Milton Friedman outlined.
Stocks close down amid US-Iran impasse (more)
Fed’s Goolsbee: Inflation is the biggest problem (more)
US Treasury is paying $3B a day in interest on national debt (more)
Treasury yields little changed as investors await inflation data (more)
Existing home sales fall further; small business sentiment at 11-mo. low (more)
Oil gains before US CPI, Asian tech stocks rise (more)
Gold edges lower as markets await key US inflation data (more)
Credit card debt climbs to $1.26 trillion as 'K-shaped' divide persists (more)
Nvidia’s show of financial force soothes jittery credit markets (more)
Nvidia is developing a new AI model family (more)
Supermicro forecast sends shares higher (more)
CoreWeave surges after booming AI demand bolsters outlook (more)
Apple exec in charge of pay and wallet services is leaving (more)
Longtime OpenAI exec leaves as shakeup at AI lab continues (more)
Shein plans to launch Hong Kong IPO as soon as August 19 (more)
DEALFLOW
M+A | Investments
Blackstone strikes $1.8B deal for Air Canada loyalty unit
TPG agrees to buy South Korea's Lotte Rental for $925M
GM to sell stake in battery venture to Samsung SDI
Uber exits Serve Robotics stake as delivery alliance unravels
Fortuna boosts gold projects in Senegal with $200M deal
ApartmentIQ receives $25M investment from Susquehanna Growth Equity
Fazeshift receives investment from Amex Ventures
Paradigm HSE receives investment from Quad-C Management
VC
River AI, a full-stack AI platform improving frontier open weight models via an API, raised $1.1B in funding
Global AI, a provider of dedicated, single-tenant, air-gapped sovereign AI infrastructure, raised $441M in debt financing
inKind, a curated restaurant commerce and growth platform, raised $414M in a second financing tranche
Epicrispr Biotechnologies, a programmable epigenetic medicines platform, raised $90M in Series C funding
Flagler Health, an AI platform for musculoskeletal healthcare, raised $50M in Series B funding
Bios Life, an AI predictive cancer and care platform, raised $25M in Seed funding
Axle, an AI clearinghouse platform for insurance, raised $17.5M in Series A funding
Soctera, power amplifiers for wireless signals, raised $4M in Seed funding
House of Student, a global student living platform and housing marketplace, raised $2M in Seed funding via mix of equity and debt
CRYPTO
BULLISH BITES
💳 Big Tech wants to tap Wall Street’s big wallets.
⛳️ Older Americans are dropping out of the workforce.
💰 Are you saving enough for retirement? Here's how to tell.
😎 The summer that the monoculture made a comeback.
DAILY SHARES
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