| Good morning. | The Fast Five → Dow rallies 370 points as Meta and Amazon soar on earnings, US renews strikes against Houthis as Red Sea crisis continues, a $560 Billion property warning hits banks, Peloton shares plummet 20%, and Tim Cook teases Apple AI announcement… | Calendar: | | | Your 5-minute briefing for Friday, February 2: | | BEFORE THE OPEN |  | As of market close 2/1/2024. |
| Pre-Market: | | | Market Recap: | S&P 500 futures rise before tech earnings and jobs report. Meta surges 15% on strong results, announces dividend and buyback. Amazon gains 7%, Apple slides 3% on China sales decline. Market rebounds after Wednesday's Fed-related sell-off. Investors optimistic about rate cut outlook and positive earnings. Focus on January jobs report; economists expect job growth. Major companies, including Chevron, Exxon Mobil, Bristol-Myers Squibb, Cigna, and AbbVie, set to report earnings before opening bell.
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| | | What we're watching this week: | | Full earnings calendar here |
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| | | |  | Major indexes closed near session highs Thursday. Investors awaited quarterly earning reports from three Magnificent Seven companies after market close. |
| |  | Lenders face debt maturities, lower values after thaw in deals. Multifamily also a focus following change in New York rent law. |
| IMF Chief says Fed rate cuts are better late than early (more) US renews strikes against Houthis in Yemen as Red Sea crisis continues (more) January hiring was the lowest for the month on record as layoffs surged (more) Main Street is more optimistic this year even as inflation persists, survey says (more) Money-market fund assets reach $6 trillion for first time (more) OPEC slashed oil production last month as the group kicks off plan to boost sagging prices (more) Bank of England holds rates, signals cut this year (more) Meta shares jump 14% after profit triples and company announces first-ever dividend (more) Amazon reports better-than-expected results as revenue jumps 14% (more) Tim Cook teases Apple AI announcement 'later this year' (more) Apple China slowdown sparks fears that prized market is at risk (more) Wilson tennis racket maker Amer Sports valued at $6.5 bln after shares rise 3% in market debut (more) Peloton shares plummet 20% as fitness company gives dismal outlook (more) Formula 1 star Lewis Hamilton to leave Mercedes for Ferrari after 2024 season (more)
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| | | M+A | Investments | Barclays shifts focus to buyout firms for UK payments business sale (more) Reliance, Bodhi Tree set for 60% stake in Disney India merger (more) Vivendi's Canal Plus offers to buy rest of South Africa's MultiChoice (more) Silver Hill Energy Partners to buy Liberty Resources' North Dakota assets (more) OMV sells its stake in Malaysia-based SapuraOMV to TotalEnergies (more) Woodside should walk away from Santos deal, large shareholder says (more) Shutterstock, Inc. (SSTK), a creative platform connecting brands to high-quality content, acquired Backgrid, a destination for celebrity news supplying real-time content from top photographers (more) Meteomatics announced the close of a strategic funding round from Lockheed Martin Ventures (more) Axon acquires Fusus (more) TSCP, Cequel III acquire controlling interest in DDC Cabinet Technology (more) New State-backed PAX buys Cram Roofing (more) Granite Creek-backed Salem One purchases iTek Graphics (more) Charlesbank invests $250M in Rise Growth Partners (more)
| VC | Watershed, the leading enterprise sustainability platform, announced a $100M Series C funding round at a $1.8B valuation (more) SPR Therapeutics, a private medical device company focused on treating pain for patients managing acute or chronic pain, raised $85M in financing (more) Basking Biosciences, a clinical-stage biopharmaceutical company developing a novel acute thrombolytic therapy to treat stroke, raised $55M in funding (more) ArteraAI, a developer of multimodal AI based predictive and prognostic cancer tests, raised additional $20M in funding (more) LightBeam.ai, a zero trust data protection company, raised $17.8M in funding (more) Perelel, a female OB/GYN-founded vitamin company, raised $6M in Series A funding (more) MIC Global, a NYC-based full stack embedded microinsurance provider, raised $6M in funding (more) Proniras, a clinical-stage biotech company developing novel small-molecule therapeutics for the treatment of substance use and nervous system disorders, raised $4.65M in Series B funding (more) Eggscape Entertainment, a new game studio focused on creating social games for mixed reality, closed a $4.25M Seed funding round (more) AlensiaXR, a tech company launched by Case Western Reserve University to advance HoloAnatomy software, raised an undisclosed amount in Series A funding (more)
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| | | | Billionaire Alan Howard shops his own crypto stakes to grow Brevan Howard Digital (more) US charges trio With Theft, Including Infamous Attack on FTX (more) US Sen. Lummis says 'delicate' talks underway over U.S. crypto legislation (more)
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| | | ๐ป Fan of 'The Bear'? Get the two influential books seen read by Sydney and Richie on the award-winning show that helped shape their character. | ๐ Into thin air: 23andMe was once worth $6 billion. Now, worth nearly $0. | ๐ Bosswear: The man behind the $100,000 sport coat. "We're making clothes for the guys that run things," he told GQ. | ❤️ Feb 14: Nine luxury Valentine's Day gifts, from unique jewelry to rare whiskey. | ๐บ๐ธ Breakdown: How a critical election year could impact markets and the economy. |
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| | | | | | DAILY SHARES |  | TrendSpider @TrendSpider |  |
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$AAPL bros crying behind their vision pros right now. ๐ |  | | | Feb 1, 2024 | | |  | | | 371 Likes 40 Retweets 25 Replies |
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|  | litquidity @litcapital | |
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Lewis Hamilton moving to Ferrari is like Jamie Dimon moving to Morgan Stanley | | | Feb 1, 2024 | | | | | | 1.37K Likes 97 Retweets 31 Replies |
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|  | High Yield Harry @HighyieldHarry | |
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Real |  | | | Feb 1, 2024 | | | | | | 1.05K Likes 51 Retweets 10 Replies |
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