| | | Good morning. | The Fast Five → Dow falls nearly 400 points continuing Q2 weak start, Disney prevails over Trian in board fight, Biden and Xi speak by phone to manage world tensions, Tesla deliveries decline for first time in four years, and Costco offering weight-loss subscriptions to members… | Calendar: (all times ET) | Today: | Fed Chair Powell, 10am | THU 4/4: | Jobless claims, 8:30am | FRI 4/5: | Unemployment rate, 8:30am |
| | Your 5-minute briefing for Wednesday, April 3: | | BEFORE THE OPEN |  | As of market close 4/2/2024. |
| Pre-Market: | | |
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| US Investor % Bullish Sentiment:
50.00% for Wk of Mar 28 2024 (Last week: 43.20%) |
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| | | Market Recap: | Dow falls 1%, S&P 500 down 0.72%, Nasdaq 0.95%. Yields rise, dimming June rate cut hopes. Tesla drops 4.9% on disappointing deliveries. S&P 500 had best Q1 start since 2019, Nasdaq up 9%. Inflation data and strong economy spook markets. Regional Fed presidents expect rate cuts but not soon. Odds of June cut drop to 63% from 70%.
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| | | What we're watching this week: | | Full earnings calendar here |
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| | | |  | Stocks fell Tuesday as investors continued to worry that the Federal Reserve could cut interest rates later than expected. |
| |  | Walt Disney Co has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz's hedge fund Trian Fund Management. |
| Biden, Xi Spoke by Phone About AI Risks, TikTok, Russia and Fentanyl (more) Biden's new green big rig standards could bankrupt small business (more) Rising Treasury yields pose a test for richly valued US stocks (more) Oil gains as market buffeted by supply worries (more) Asian shares fall as US yields hold near 4-month high, earthquake hits (more) Taiwan dollar optimism fades in options market as Fed bets shift (more) Health insurer stocks slide as final Medicare Advantage rates disappoint (more) Tesla quarterly deliveries decline for the first time in nearly four years (more) Intel shares fall after company reveals $7 billion operating loss in foundry business (more) Trump sues Truth Social co-founders to zero them out (more) Costco offering weight-loss subscriptions to members (more) GE's final split cleaves a fallen corporate empire (more) IKEA Foundation backs emerging market EV push with $100 million grant (more) SoftBank-backed Window Maker to file for bankruptcy to cut debt (more)
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| | | M+A | Investments | Endeavor Group agrees to $13 Billion buyout from Silver Lake (more) Honeywell weighs sale of face mask unit amid fading post-pandemic demand (more) Cadent, a solutions provider for converged TV advertising, is to acquire AdTheorent, a pioneer delivering measurable value for programmatic advertisers, for $324M (more) Nucor Corporation acquired Southwest Data Products, Inc., a manufacturer of data center infrastructure, for $115M (more) Liberty Media Corporation acquired Dorna Sports, S.L., the exclusive commercial rights holder to the MotoGP™ World Championship, from Bridgepoint and Canada Pension Plan Investment Board (more) Remote, a leader in managing globally distributed workforces, acquired Easop, a compliance solution for businesses with international talent to grant and manage equity to their teams (more) Morgan Stanley Capital Partners buys Resource Innovations from BV (more) Maverix Medical, a lung cancer platform established by Ajax Health, KKR, and Hologic, Inc., acquired Cirrus Bio, a provider of multiomic solutions for the diagnosis of diseases (more) Noosa Labs buys Evalart (more) SLB acquires ChampionX (more) Harvest-backed Fortis buys print division of MASA (more) Gryphon-backed Shermco acquires Power Test (more) EQT purchases Avetta from WCAS (more) Clearwater Analytics acquires risk and performance analytics services from Wilshire (more) Trilantic-backed OLS purchases Willow Creek Landscape Supply (more) Monogram purchases majority stake in Tru Fragrance & Beauty (more) SunFireMatrix, Inc., a software services platform serving the insurance distribution and health plan markets, has been acquired by funds managed by KKR (more) CD&R buys Presidio from BC Partners (more) MidOcean Energy, a liquefied natural gas company, received an investment from Mitsubishi Corporation (more) Blue Sage Capital invests in American Alloy (more)
| VC | Brandtech Group, a generative AI marketing company, raised $115M in funding (more) Selux Diagnostics, Inc., a biotech startup whose mission is to combat superbug infections, raised an additional $48M in funding (more) ViaLase, Inc., a clinical-stage medical tech company focused on glaucoma treatment, closed $40M in Series C financing (more) InStride Health, a provider of specialty pediatric anxiety and OCD treatment, raised $30M in Series B funding (more) Seso, a provider of a workforce management platform for agriculture, raised $26M in funding (more) Xion, a blockchain purpose-built for mainstream adoption, raised $25M in funding (more) Modal, a skills development platform for data and analytics professionals, raised $25M in Series A funding (more) Melt Pharmaceuticals, a clinical‑stage pharmaceutical company, raised $24M in Series B Preferred Stock financing (more) EarliTec Diagnostics, a medical device company, raised $21.5M in Series B funding (more) Praia Health, a digital health company, raised $20M in Series A funding (more) BurnBot, a company providing mechanized vegetation management and fuel treatment solutions, raised $20M in Series A funding (more) Aidium, a provider of mortgage technology solutions, raised $19M in Series A funding (more) BioConsortia, Inc., an agricultural technology company, closed a $15M internal financing round (more) Proxima AI, a data intelligence software company, closed a $12M Series A funding (more) Float Health, a marketplace moving care that doesn't need a hospital to the home, raised $10M in Series A funding (more) TechGrid, a company offering a business platform for technology service providers, raised $9.2M in Series A funding (more) Cyvl.ai, a company specializing in enterprise AI solutions for transportation infrastructure, raised $6M in funding (more) Quadratic Growth, a data science spreadsheet solution provider, raised $5.6M in seed funding (more) HealthArc, a company specializing in virtual healthcare, raised $5M in Growth funding (more) Juniper Biomedical, a medical device company, received $3M in funding (more) Goodbill, a startup that verifies that hospital bill is correct, raised $2M in funding (more) Siprocal, a provider of an advertising, marketing, and digital media platform, received growth capital from Solace Capital (more)
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| | | | | Bitcoin drops over 5% as upbeat US factory data powers dollar index to nearly 5-month high (more) Tananbaum's GoldenTree sells crypto subsidiary to Republic (more) Silk Road Bitcoin worth $2B moved by US government (more)
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| | | | | | DAILY SHARES |  | Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA |  |
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Sending a debt collector to the White House to collect my tax refund | | | Apr 2, 2024 | | |  | | | 305 Likes 17 Retweets 5 Replies |
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|  | Not Jerome Powell @alifarhat79 | |
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🖨️🖨️🖨️ |  | | | Apr 2, 2024 | | | | | | 1.29K Likes 151 Retweets 74 Replies |
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|  | sophie @netcapgirl | |
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my brain when i'm on the verge of falling asleep |  | | | Apr 2, 2024 | | | | | | 1.12K Likes 110 Retweets 19 Replies |
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