Will 'eat' finance?

Tesla's record sales send its stock tumbling, Robinhood CEO says tokenization will ‘eat’ finance, Trump eyes firing thousands of Federal workers, Tom Lee sees S&P topping 7,000 by year-end, and Disney’s image tanks after Kimmel controversy...

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Market Briefing
October 03, 2025

 

Good morning.

The Fast Five → Tesla's record sales send its stock tumbling, Robinhood CEO says tokenization will ‘eat’ finance, Trump eyes firing thousands of Federal workers, Tom Lee sees S&P topping 7,000 by year-end, and Disney’s image tanks after Kimmel controversy…

📌 The Hidden "AI Royalty" Play -- Most investors are chasing AI stocks like NVIDIA… but they're missing out on an under-the-radar opportunity. This $20 stock is at the center of AI's explosive energy demand—and it's paying out 270X more in "AI Royalties" than NVIDIA. Get the name and ticker here → ( ad)

Calendar: (all times ET) - Full Calendar

  • Today:
    Average Hourly Wages, 8:30A
    Unemployment Report, 8:30A
    Unemployment Rate, 8:30A

  • Monday:
    None scheduled

Your 5-minute briefing for Friday, Oct 3:

BEFORE THE OPEN

As of market close 10/2/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 41.73% for Week of SEP 25 2025

Previous week: 41.67%

Market Wrap:

  • Dow futures +1, S&P +0.01%, Nasdaq +0.02%.

  • S&P 500 +0.06% (record), Dow +78 (+0.2%), Nasdaq +0.4%.

  • Nvidia +0.9% (record high); Intel +3%, AMD +3%+.

  • Govt shutdown day 3; 750k workers furloughed daily.

  • Payrolls report delayed by Labor Dept. blackout.

  • Bessent: shutdown a “hit to GDP, growth, working America.”

  • WTD: S&P +1.1%, Dow +0.6%, Nasdaq +1.6%.

EARNINGS

None watched today. Full calendar here »

Missed the AI Boom? This $20 Stock Could Be Bigger

Readers saw gains as high as 502% on Dylan Jovine’s past AI picks.

But the next one? It could be even bigger.

Warren Buffett owns $40B in this sector.

Elon Musk says it's essential for civilization.

And one little-known stock under $20 could dominate it all.

- a message from Behind The Markets -

HEADLINES

Buyers rushed to snag EVs before the $7,500 federal tax credit expired, but investors aren't cheering.

The tokenization of assets ranging from stocks to real estate is set to rewire financial services, according to Robinhood Markets Inc. CEO Vlad Tenev.

  • Wall St closes with records as tech support offsets shutdown uncertainties​ (more)

  • Trump eyes firing thousands of Federal workers over shutdown (more)

  • US hiring plans sink to a 16-year low (more)

  • Grocery price pain rises, in warning sign for Trump and GOP (more)

  • Fannie Mae predicts major mortgage rate change coming soon (more)

  • Gold drops as dollar gains, investors take profits after rally (more)

  • Tom Lee sees S&P 500 topping 7,000 by year-end (more)

  • OpenAI valuation reaches $500B, topping Musk’s SpaceX (more)

  • Bridgewater soars 26% to lead pack of biggest hedge funds (more)

  • The mysterious billionaire boss at Jane Street smashing trading records (more)

  • Perplexity AI rolls out Comet browser for free worldwide (more)

  • Disney’s image tanks after Jimmy Kimmel controversy (more)

DEALFLOW

M+A | Investments

  • Bitcoin Depot acquires the assets of National Bitcoin ATM

  • JBS acquires a poultry plant in Paraguay as part of $70M investment

  • Carta acquires Accelex

  • FinQuery receives majority growth investment from TA Associates

  • Stable receives investment from PayPal Ventures

  • Clearwater receives investment from Sunstone Partners

  • Veritonic receives investment from Authentic Intelligence

VC

  • Ualett, a fintech platform for 1099 workers, secured a $150M debt facility

  • DualEntry, an AI-native ERP platform, raised $90M in Series A funding

  • Pacaso, a tech-enabled marketplace for co-owned luxury vacation homes, closed a Reg A+ growth round, raising over $72.5M

  • Cartography, an oncology company working with T-cell engaging therapies, raised $67M in Series B funding

  • DEXA, an autonomous drone delivery company, closed a $15 M Seed funding round

  • Cyvl, an AI infrastructure intelligence platform, raised $14M in Series A funding

  • Cirrus Therapeutics, an ocular immunology-focused biotech company, closed an $11M Seed round

  • Significo, a health AI and digital therapeutics company, closed its Series B financing round

CRYPTO

  • Bitcoin crosses above $120,000 for the first time since August (more)

  • White House weighing candidates for multiple CFTC spots (more)

  • Synthetic tokens see a comeback as stablecoins market cap climbs (more)

BULLISH BITES

✏️  Stablecoins explained: How they work, and why risks remain.

🤔 S&P 500 set-it-and-forget-it strategy due for a rethink, some experts say.

📊 The war on Ukraine changed the course of a generation of start-ups and investors.

🤝 New generation turns to backgammon for real-life social connection.

DAILY SHARES

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