BEFORE THE OPEN

MARKETS:

• Stock futures hover near flatline in ongoing November gains.

• Dow futures up 21 points (+0.06%), S&P 500 futures rise 0.06%, Nasdaq 100 futures dip 0.05%.

• Gap shares surge 15% on strong Q3 results; ChargePoint falls 29% after C-suite changes and lower Q3 revenue forecast.

• Dow ends 4-session win streak, down 0.13%; S&P 500 up 0.12%, Nasdaq rises 0.07%.

• All three indices set for third straight weekly gains.

• Soft October CPI and PPI data boost hopes of easing inflation and less aggressive Fed.

• November sees S&P 500 up 7.5%, Dow up 5.7%, Nasdaq surging 9.8%.

• Today, focus on October housing starts and building permits data.

EARNINGS

• Full earnings calendar here

NEWS BRIEFING

Bulls Control the Stock Market Now and a New S&P 500 High is Within Reach

Hyundai to be First Automaker to Sell New Cars on Amazon

• APEC Summit:

  • Xi pledges ‘heart-warming’ steps to attract foreign capital (more)

  • Biden tells corporate leaders stable US-China ties benefit world (more)

  • Also Biden: Biden calls Xi a dictator after carefully planned summit (more)

  • Google CEO Sundar Pichai compares AI to climate change at Summit(more)

• Deflation could be coming this holiday season, Walmart CEO says (more)

• Fed’s Mester wants ‘much more evidence’ that inflation has been defeated (more)

• Feds seize $1B in fake handbags and shoes from NYC storage unit in largest counterfeit bust in US history (more)

• Pressure mounts on FDIC chief amid calls for recusal, congressional probe (more)

  • Who is watching the watchdog when it comes to FDIC behaviour? (more)

• Homebuilder shorts are ripe for a squeeze with rally gaining strength (more)

• Private credit titans are grabbing more than half of new deals (more)

• US wraps up antitrust case against Google in historic trial (more)

• Schonfeld cuts 15% of staff after exiting Millennium talks (more)

• Apple (AAPL) plans to adopt RCS texting standard in truce with Android (more)

• Apple’s push to replace Qualcomm chip in iPhone loses more ground (more)

• Starbucks employees at hundreds of US stores walkout on Red Cup Day (more)

TOGETHER WITH CLICKUP

Connect your team in minutes.

Turn TBD into EOD with the world’s most powerful productivity tool. With ClickUp, you can: Automate sprints and routine tasks, Streamline communication in one Workspace, Recover cash spent on multiple work apps!

Try ClickUp today — FREE.

Please support our sponsors

DEALFLOW

• Menlo Ventures, a venture capital firm, raised $1.35 billion for two new funds (more)

• Kennedy Lewis, which oversees $14 billion, explores sale (more)

• L Squared Capital Partners, a tech private equity firm, closed its fourth private equity fund, at $840M (more)

• RefleXion, a therapeutic oncology company, raised $105M in funding (more)

• inDrive, a global mobility and urban services platform, launched a new venture and M&A arm aiming to invest up to $100M in promising startups (more)

• Ninety, a provider of a cloud-based platform supporting Business Operating Systems (BOSs), raised $35M in Series B funding (more)

• Upway, an e-bike marketplace, raised $30M in Series B funding (more)

• Superstate, a blockchain powered asset management firm, raised $14M in Series A funding (more)

• Virdee, a ompany which specializes in guest experience technology and check-in automation, raised $12.4M in Series A funding (more)

• Switch Maritime, a company developing hydrogen fuel cell and battery electric zero-carbon ferries, raised $10M in Series A funding (more)

• SwiftConnect, a provider of connected access enablement solutions, raised $10M in Equity funding (more)

• Optiwatt, a consumer energy optimization app and operating system, closed a Series A funding round raising $7M (more)

• Ediphi, an advanced cloud-based estimating solution for preconstruction, raised $6.5M in seed funding (more)

• Handraise, an AI company enabling brands to increase the impact of their press coverage, raised $6.4M in seed funding (more)

• OCOchem, a carbon conversion startup, raised $5M in Seed funding (more)

• Quoherent, a company developing room-temperature edge-capable quantum processors, raised $4.7M in Seed funding (more)

• Tanda, a provider of a financial health platform for SMB employees, has raised $4.5M in seed funding (more)

• Suger, a provider of a sales platform for cloud marketplaces, raised $3.5M in funding (more)

• Morf Health, a healthcare company focused on patient care, raised $3M in funding (more)

• HockeyStack, a go-to-market (GTM) analytics platform for mid-market and enterprise B2B companies, raised $2.7M in seed funding (more)

• BV invests in CallTower (more)

• Stride invests in Odele (more)

• Rainier Partners backs Omega Fitness (more)

• Lauchpad.build, a technology company using AI to deliver capabilities in robotics and automation, received a strategic investment from Lockheed Martin Ventures (more)

• TomorrowNext, a provider of a platform that simplifies the discovery, analysis and buy/sell execution of tokenized real-world assets, received a minority investment from Consello (more)

• SGNL.ai, an industry-defining continuous access and authorization management company, raised strategic funding of undisclosed amount (more)

• Common Energy, a community solar provider, raised an undisclosed amount in funding (more)

• Gravity, an electric vehicle (EV) infrastructure company, raised an undisclosed amount in Seed funding (more)

M & A:

• Acquia, a digital experience company, is to the Monsido platform, a website accessibility and optimization solution from CivicPlus, a leader in public sector integrated technology solutions (more)

• OceanSound Partners’ SMX purchases Outside Analytics (more)

• WaveDancer merges with Firefly Neuroscience (more)

Was this briefing forwarded to you?  (Sign up here.)

CRYPTO

• BlackRock files for spot Ethereum ETF to further crypto push (more)

• US Presidential candidate Vivek Ramaswamy: 'The government is threatened by Bitcoin' (more)

• Vintage Nic Carter gives Lex Fridman a 60-second master class on the Lightning Network (more)

BULLISH BITES

💃 Sticky: Taylor Swift keeps showing up in Wall Street research

🌉 Ambitious: Sequoia icon Michael Moritz bets $300 Million on reshaping San Francisco

⛵️ Booming: The mega-rich are taking to the waves like never before

💔 The breakup: A town that became 'one giant Airbnb' is now facing a reckoning

🤝 Like a pro: Struggling to get a constant flow of customers? Meet ClickFunnels.

DAILY SHARES

Like what you see? Get tomorrow’s briefing here

Keep the curation going! Buy the team a coffee ☕️

Have a comment or suggestion? We’d love to hear it!
Send us your message -mb