Trillion dollar triumph

BEFORE THE OPEN

Markets:

• Nasdaq 100 futures slip after Netflix earnings

• Netflix shares drop 8% in after-hours trading

• Tesla shares tumble 4% on slow production forecast

• Dow climbs 0.3%, marking 8th consecutive day of gains

• S&P 500 gains 0.2%, Nasdaq up by 0.03%

• 75% of S&P 500 companies beat estimates in earnings season

• Weekly jobless claims and existing home sales data on watch

EARNINGS

What we’re watching this week:

• Today: American Airlines (AAL), Blackstone (BX) Capital One Financial (COF), Johnson & Johnson (JNJ), Phillip Morris Int’l (PM)

• Friday: American Express (AXP)

• Full earnings calendar here

NEWS BRIEFING

1,300 A.I. Experts Come Together To Downplay ‘Nightmare Scenario Of Evil Robot Overlords'

• FTC and DOJ lay out new rules for merger review to reflect a digital economy (more)

• US regulators unveil antitrust roadmap with Big Tech in crosshairs (more)

• Russia’s near-record diesel exports help lift refined fuel flows (more)

• Wheat extends surge as Russia threatens ships headed to Ukraine (more)

• UK rates peak seen below 6% as traders pull back bets (more)

• China vows to boost private economy, protect businesses (more)

• A $500B corporate-debt storm builds over global economy (more)

• Blackstone on brink of $1 trillion milestone in first for private equity (more)

• UPS, Teamsters to resume contract negotiations next week (more)

• Morgan Stanley moves 200 tech experts out of China because of data laws (more)

• Microsoft and Activision extend deadline to close $69 billion deal under close regulatory scrutiny (more)

• Real estate woes drive billion-dollar hit for Goldman Sachs (more)

• Tesla may keep cutting prices in 'turbulent times', Musk says (more)

• Private equity titans tap sovereign wealth to get deals done (more)

• ‘Payment shock’ for millions with US student-loan restart (more)

• Carvana shares jump more than 30% on deal to reduce debt by $1.2 billion (more)

• Musk says tesla to spend over $1B on Dojo Supercomputer (more)

• Stanford University president to quit after review finds flaws in his research (more)

• Sequoia partner Michael Moritz to leave venture firm after 38 years (more)

• James Patterson, Margaret Atwood among thousands of writers urging AI companies to honor copyrights (more)

• Netflix reduces availability of lowest priced ad-free plan (more)

• Livestreaming e-commerce In China forecasts $676B by tear’s end as livestreamers set sights on TikTok shoppers In US (more)

DEALFLOW

• Kim Kardashian’s Skims is worth $4B after new funding (more)

• Broadcom's $69B VMware deal wins UK clearance (more)

• Beauty company Oddity jumps in debut after $424M IPO (more)

• UBS-backed TP24 raises £345M from Barclays, M&G (more)

• Emburse acquires Tripbam (more)

• Postman acquires Akita Software (more)

• Smile Doctors raises over $550M in funding (more)

• o9 Solutions raises additional $116M; falued at $3.7B (more)

• Hightouch raises $38M in funding (more)

• Unstructured raises $25M in seed and Series A funding (more)

• Terabase Energy raises $25M in funding (more)

• Risc Zero raises $40M in Series A Funding (more)

• Komi raises $12M in Series A funding (more)

• Gardens raises $31.3M in Series A funding (more)

• Surge Therapeutics raises $32M in Series B financing (more)

• SiPhox Health raises $27M in Seed and Series A funding (more)

• Super7 raises $25M investment from The Newcastle Network (more)

• GGWP raises $10M in funding (more)

CRYPTO

• Nasdaq halts plan to launch crypto-custodian business in US (more)

• Dogecoin pops 4% on Elon Musk tweet (more)

• New US Senate bill wants to regulate DeFi like a bank (more)

• RFK Jr. announces bold plan to back dollar with Bitcoin, end Bitcoin taxes (more)

• Alex Mashinsky, Celsius ‘master marketer,’ peddled crypto hope and hype (more)

• Litecoin halving is 13 days away - where's the rally? (more)

SHARES

Ok, so who’s going to see the Barbie movie? -mb