| Good morning. | The Fast Five → Wall Street can't keep up with Nvidia's sales growth, Cathie Wood backs Trump for US economy, US regulators single out four banks for flawed 'living wills', ByteDance taps Broadcom to develop AI chip, and Apple and Meta discuss AI partnership… | Calendar: (all times ET) | TUE 6/25: | Consumer confidence, 10:00a | WED 6/26: | New home sales, 10:00a | THU 6/27: | Initial jobless claims, 8:30a
Durable-goods orders, 8:30a | FRI 6/28: | PCE index, 8:30a
Consumer sentiment, 10:00a |
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| | Your 5-minute briefing for Monday, June 24: | | BEFORE THE OPEN |  | As of market close 6/21/2024. Bitcoin as of 6/23/2024. |
| Pre-Market: | | |
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| US Investor % Bullish Sentiment:
↓ 44.37% for Wk of June 20 2024 (Last week: 44.59%) |
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| | | Market Recap: | Stock futures flat as H1 2024 nears record highs. Dow, S&P 500 futures steady; Nasdaq 100 up 0.2%. S&P 500 hit record, gained 0.6% last week. Nvidia fell 4% last week. AI enthusiasm boosts market; S&P 500 up 15% YTD. Earnings: FedEx, Micron, Walgreens, Nike.
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| | | Here's what we're watching this week: | Tuesday: Wednesday: General Mills (GIS), Levi Strauss (LEVI) Thursday: Lindsay (LNN), McCormick & Company (MKC), Walgreens Boots Alliance (WBA)
| Full earnings calendar here. | |
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| | | |  | Chipmaker's revenue beats have made projections difficult. Recent estimates have deviated from results by an average 12%. |
| |  | Cathie Wood said, 'I am a voter when it comes to economics, and on that basis, Trump' |
| The market is in its longest stretch without a 2% sell-off since the financial crisis (more) Credit spreads widen on political jitters, Treasuries rally (more) Treasury receives $556.7M from auction of airline warrants (more) US official says no decision yet on whether to prosecute Boeing (more) Four banks singled out for flawed 'living wills' by US regulators (more) Dollar steady; yen wobbles as intervention worries linger (more) Asia shares slip as inflation, politics call for caution (more) Yen under pressure even as Japan steps up its verbal warnings (more) China wants EU tariffs on EVs gone by July 4 as talks resume (more) ByteDance working with Broadcom to develop advanced chip (more) Nvidia to launch in Middle East amid US curbs on AI exports to region (more) Apple and Meta have discussed AI partnership (more) Trump previews debate attacks against Biden's economy (more) Hedge funds' bullish copper bets run into China's slowdown (more) Big Food tries to offset obesity drug blow with vitamins, meals (more)
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| | M+A | Investments | UPS announces sale of Coyote Logistics unit to RXO for $1 bln (more) Brazil gym chain Smart Fit confirms talks for stake in Velocity (more) Japanese trading house Mitsui buys Shale Gas asset in Texas (more) SoundHound (SOUN), a voice AI company, acquired Allset, an online ordering platform connecting restaurants and local customers (more) knownwell, a primary care and metabolic health company, acquired Alfie Health, an obesity management clinic (more) Nextracker (NXT), intelligent solar tracker and software solutions, acquired Ojjo, an energy and solar power generation company, for approximately $119M (more) Honeywell (HON), an integrated operating company, acquired CAES Systems Holdings, a radio frequency technologies company, from Advent International, for $1.9B (more) Altaris purchases Sharecare (more) KKR buys Superstruct Entertainment from Providence (more) Hanwha acquires Philly Shipyard (more)
| VC | BillionToOne, a precision diagnostics company, raised $130M in Series D funding at an over $1B+ valuation (more) HeyGen, an AI video generation platform for businesses, raised $60M in Series A funding at a $500M post-money valuation (more) The Picklr, an indoor pickleball franchise, raised a Series B funding, at $59M valuation (more) Daydream, a search and discovery shopping platform, raised $50M in Seed funding (more) Amplify Life Insurance, a digital platform for wealth-building through permanent life insurance, raised $20M in Series B funding (more) Maxterial, a material science company, raised nearly $8M in Series A funding (more) MEandMine, a startup for classroom well-being using AI to identify psychological risks in children, raised $4.5M in funding (more) Coeptis Therapeutics (COEP), a biopharmaceutical company developing cell therapy platforms closed on $4.3M in financing (more) Backstroke, a generative AI messaging platform, raised $2M in Seed funding (more)
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| | | Bitcoin extends drop after one of crypto's worst weeks of 2024 (more) Bitcoin options market isn't buying BTC price weakness, shows bias for $100K calls (more) Crypto 'secondaries' prices jump as expectations of IPOs climb (more) Crypto policies will mean a lot to 'disillusioned' voters (more)
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| | | | | | | | | DAILY SHARE |  | The ₿itcoin Therapist @TheBTCTherapist |  |
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|  | | | Jun 24, 2024 | | | | | | 31 Likes 1 Retweet 7 Replies |
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|  | Not Jerome Powell @alifarhat79 | |
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Just rented this room in New York City for $4,500 a month |  | | | Jun 23, 2024 | | | | | | 238 Likes 15 Retweets 32 Replies |
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|  | High Yield Harry @HighyieldHarry | |
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A Finance Bro specific Chipotle Bowl? We're so back. |  | | | Jun 21, 2024 | | | | | | 1.13K Likes 34 Retweets 24 Replies |
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| What did you think about today's briefing? | |
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