Good morning.
The Fast Five → 'Very little to like': Wall St. assesses July jobs report, analysts: weak jobs not cause for panic, China unleashes $28T to challenge US in AI, gold's breakout could force investors back in, and miner soars 29% after US War Dept investment…
📌 The Department of War is on a small gold mine's filings. Get the name before the ink dries →
(from Behind The Markets)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Existing Home Sales, 8A
Your 5-minute briefing for Monday, August 10:
Market Wrap:
Futures: Dow -99 (-0.2%), S&P -0.2%, Nasdaq +0.1%
Fri: Dow +0.8%, S&P +0.9%, Nasdaq +1.2%
Iran deal doubts pushed oil prices higher
S&P finished last week at a record high
Weak jobs data lowered September rate-hike odds
Inflation data takes center stage this week
Focus shifts to CPI, PPI, Super Micro, and CoreWeave
EARNINGS
Here’s what we’re watching this week:
Today: Hims & Hers $HIMS ( ▲ 1.01% )
TUE:
CoreWeave $CRWV ( ▲ 0.42% ) - EPS of $1.17 (+18.2% YoY) on $16.83B revenue (+14.7% YoY)
WED:
Cisco Systems $CSCO ( ▲ 2.31% ) - EPS of $1.17 (+18.2% YoY) on $16.83B revenue (+14.7% YoY)
THU: *Tapestry $TPR ( ▼ 0.9% )
Applied Materials $AMAT ( ▼ 1.88% ) - EPS of $3.39 (+36.7% YoY) on $9.01B revenue (+23.4% YoY)
One Signature Away From a Repricing
Markets don't reprice when a mine pours gold. They reprice the day the uncertainty dies.
On May 21, a federal bank voted unanimously to lend nearly $3 billion to one small American gold miner, and final papers are expected in the second half of this year.
The company is about 1/50th the size of Newmont.
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HEADLINES
S&P futures slip as traders watch for Strait of Hormuz deal, inflation data (more)
This week: Key checks on AI infrastructure and inflation (more)
Iran rejects US talks for now as wait for Hormuz deal drags on (more)
Behind Bessent moves, Wall Street sees sign of bond-market angst (more)
Weak jobs report not cause for panic, analysts say (more)
Oil rises on uncertainty over reopening of Hormuz (more)
Gold's breakout could force investors back in (more)
Dollar near two-month trough as US inflation data awaited (more)
Asia stocks edge higher, oil up amid Gulf confusion (more)
Jim Cramer compares SpaceX stock to 100-year railroad bonds (more)
Australian miner soars 29% after US War Department investment (more)
Apple tests China's CXMT memory chips for iPhones and MacBooks (more)
Abel puts a big chunk of Berkshire's cash to work (more)
More workers join strike at BHP's Port Hedland iron ore operations (more)
DEALFLOW
M+A | Investments
Dream Finders to buy Beazer Homes in $2.2B deal
Eneos acquires TPC Group at $1.3B enterprise value
I Squared wins bidding war for Australia's oOh!media with $735M deal
RevealDx received $3.4M investment from 4DMedical
Opal Therapeutics receives $1.25M investment
Harvey receives investment from Goldman Sachs, J.P. Morgan
LevelTen Energy receives investment from ABB
VC
LifeMine Therapeutics, a biopharma company leveraging digital genomics research tech, raised $263M in funding
Naïve, an infrastructure platform for AI agents, raised $28.5M in Series A funding
Fluxco, an AI-powered procurement platform for electrical grid infrastructure, raised $26M in Seed funding
Assured, an AI-native platform provider for healthcare provider operations, raised $19M in Series A funding
SiteVue AI, an AI-powered video cameras and video analytics for manufacturing operations, raised $7.5M in Seed funding
CRYPTO
BULLISH BITES
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DAILY SHARES
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