Selloff

China considers selling TikTok US to Musk, Treasuries selloff ripples through world markets, MSTR’s Saylor calls bonds ‘toxic’ in pitch for Bitcoin, Trump Media shares jump more than 21%, and SEC charges Robinhood with securities violations to the tune of $45 million...

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Market Briefing
January 14, 2025

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Good morning.

The Fast Five → China considers selling TikTok US to Musk, Treasuries selloff ripples through world markets, MSTR’s Saylor calls bonds ‘toxic’ in pitch for Bitcoin, Trump Media shares jump more than 21%, and SEC charges Robinhood with securities violations to the tune of $45 million…

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- Behind The Markets

Calendar: (all times ET) - Full calendar

  • Today:
    Producer price index, 8:30A
    Fed Beige Book, 2:00P

  • Tomorrow:
    Consumer price index, 8:30A
    Business inventories, 10:00A

Your 5-minute briefing for Tuesday, January 14:

BEFORE THE OPEN

As of market close 1/13/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 34.67% for Week of January 09 2025

Previous week: 35.44%. Updates every Friday.

Market Wrap:

  • Dow +359 pts (+0.86%) as investors rotated into Caterpillar, JPMorgan, UnitedHealth.

  • Nasdaq -0.38%, S&P +0.16%, tech dragged down Nvidia (-2%), Palantir (-3%).

  • Energy, health care, materials gained; 10-yr yield hit 4.79%, pressuring growth.

  • Eyes on PPI (Tue), CPI (Wed), and major bank earnings midweek.

EARNINGS

Here’s what we’re watching:

  • Wednesday: Blackrock (BLK), Citigroup (C), Goldman Sachs (GS), Wells Fargo, (WFC)

    • JP Morgan Chase (JPM) - earnings of $4.04 per share (-7.6% vs Q3 and up 32.9% from Q4 2023) on $41.5B revenue

  • Thursday: BofA (BAC), Morgan Stanley (MS)

    • UnitedHealth (UNH) - earnings of $6.75 per share (+9.6% YoY) on $101.8B revenue (+7.7% YoY)

  • Friday:

    • SLB (SLB) - earnings of $.90 per share (+4.7% YoY) on $9.2B revenue (+2.2% YoY)

HEADLINES

Company’s co-founder speaks at ICR Conference in Orlando MicroStrategy owns about $41 billion worth of Bitcoin.

The Chinese government is considering a plan for Elon Musk to acquire TikTok’s U.S. business, Bloomberg News reported on Monday.

  • Biden admin adopts rules to guide AI’s global spread (more)

  • Japan PM asks Biden to allay concerns over Nippon Steel-US Steel deal (more)

  • SEC charges Robinhood with securities violations, to pay $45M penalty (more)

  • Treasuries selloff ripples through world markets after jobs data (more)

  • Gold drops 1% as robust US jobs data strengthens dollar (more)

  • China’s central bank stops buying bonds as deflation fears grip economy (more)

  • China’s exports jump to record high in rush to beat Trump tariffs (more)

  • LA wildfires losses could top $30 billion for insurance industry (more)

  • Trump Media shares jump over 21% week before inauguration (more)

  • Google’s search market share drops below 90% for first time since 2015 (more)

  • Microsoft forms new internal dev-focused AI org (more)

  • Honeywell plans breakup under pressure from Elliott (more)

  • Pfizer going 'all in' on obesity drug development, CEO says (more)

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DEALFLOW

M+A | Investments

  • J&J doubles down on neurological drugs with $14.6B Intra-Cellular deal (more)

  • Bakery franchise chain Crumbl explores $2 billion sale (more)

  • Comcast to buy minority stake in 76ers, join New-Stadium venture (more)

  • Clearwater to buy software maker Enfusion for $1.5B in expansion push (more)

  • GSK to buy US biotech firm IDRx for up to $1.15 bln (more)

  • Sage Therapeutics jumps on Biogen’s $469M offer (more)

  • Apollo to buy Argo infrastructure to add $6 bln of assets (more)

  • Truveta sells stakes to Regeneron, Illumina in deal to build genetic database (more)

  • T-Mobile (TMUS) acquires Vistar Media, a provider of tech solutions for DOOH advertisements (more)

  • Cengage Group, an edtech company, acquired Visible Body, a company specializing in interactive, 3D models and software for the sciences (more)

  • N-Power Medicine, a company improving clinical trial processes, acquired Syapse Holdings, a company specializing in precision medicine solutions for cancer centers (more)

  • Checkbook, a company specializing in digital payments, acquired sureti, a digital payment solution for insurance claim proceeds (more)

VC

  • Kardigan, a heart health company modernizing cardiovascular drug development, raised $300M in Series A funding (more)

  • Tune Therapeutics, an epigenome editing company, raised over $175M in Series B funding (more)

  • Qventus, an AI-based care automation software for health systems, raised $105M in Series D funding (more)

  • Saluda Medical, a commercial-stage medical device company, raised $100M in funding (more)

  • RhyGaze, a biotech company developing gene therapies for retinal diseases, raised $86M in Series A funding (more)

  • Normunity, a biotech company developing new anti-cancer therapies, raised $75M in Series B funding (more)

  • Overhaul, a supply chain risk management and intelligence company, raised $55M in equity funding (more)

  • RAAPID, a healthcare AI company, raised a Series A investment from M12 (more)

  • hc1, a company transforming lab data into actionable intelligence, raised $6.25M in funding (more)

CRYPTO

  • Donald Trump could issue crypto executive orders on first day (more)

  • Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs (more)

  • Stablecoin issuer Tether to establish headquarters in El Salvador (more)

BULLISH BITES

🤷🏼‍♀️ What will happen to TikTok on Jan. 19?

☕️ Hanging out at Starbucks? You now need to order something.

👎 American workers' enthusiasm for their jobs is at a 10-year low.

👓 These smart glasses have a tiny little screen hidden in the frame.

🏚 The 10 most expensive US homes that sold in 2024.

DAILY SHARES

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