| Good morning. | The Fast Five → Inflation broadly cools paving way for rate cuts, see inflation breakdown in one chart, Biden confuses Kamala for Trump, Zelenskiy for Putin, Tesla shares drop after robotaxi unveiling delay, and some pics from Sun Valley's 'summer camp for billionaires'… | Poll: Should Biden drop out of the Presidential race? | | YES | NO |
| Calendar: (all times ET) | Today: | Producer price index (PPI), 8:30 AM
Consumer sentiment, 10:00 AM |
|
|
| | Your 5-minute briefing for Friday, July 12: | | BEFORE THE OPEN |  | As of market close 7/11/2024. |
| Pre-Market: | | |
|
| US Investor % Bullish Sentiment:
↑ 49.18% for Wk of July 04 2024 (Last week: 41.74%) |
|
|  | Chart updates every Friday. |
| | Market Recap: | Stock futures flat after S&P's worst session since April. S&P -0.88%, Nasdaq -1.95%, both end 7-day winning streaks. Nvidia fell 5.6%, Meta dropped 4.1%. June CPI report showed 0.1% decline, spurring tech sell-off. Russell 2000 jumped 3.6% on Fed rate cut hopes. Earnings: JPMorgan, Wells Fargo, Citigroup report Friday.
|
|
| | | It's a light week. Here's what we're watching: | | Full earnings calendar here. |
|
| | | |  | A series of high-profile gaffes during the NATO summit on Thursday renewed concerns about Biden's age and acuity threatening his presidential campaign. |
| |  | Traders all but fully price in September and December interest-rate cuts. |
| Here's the inflation breakdown for June 2024 - in one chart (more) Nasdaq sharply lower as investors rotate out of Big Tech (more) Stock rotation hits megacaps on bets Fed will cut (more) Emerging-market currencies highest since May on CPI data (more) US June budget deficit shrinks to $66B after calendar shifts (more) Oil rises for third day on improving demand and weaker dollar (more) Asian tech stocks drop as Yen whipsaws after rally (more) China in Microsoft deal with Emirati AI firm has lawmakers concerned (more) Xi's campaign to feed China is turning wasteland into farms (more) Olympics will cost Delta $100 million as travelers skip Paris (more) Tesla shares down 8% after report of robotaxi unveiling delay (more) Pfizer moving ahead with plans for once-daily weight loss pill (more)
| |
|
| Keep up with AI | | How do you keep up with the insane pace of AI? Join The Rundown — the world's largest AI newsletter that keeps you up-to-date with everything happening in AI, and why it actually matters in just a 5-minute read per day. | Sign up with one click | | | M+A | Investments | Axel Springer, KKR in talks to break up media empire (more) Hedge funds make rival takeover bid for energy firm Martin Midstream (more) Software provider SNP weighs sale amid takeover interest (more) Bain, Reverence near $3.5B deal for Envestnet (more) BlueConic, a customer data platform, announced the acquisition of Jebbit, a first-party data-capture software for marketers (more) Infor, an industry cloud company, acquired Albanero, a data migration partner, and Acumen, a revenue growth consulting company (more) Pay Ready, a provider of post-resident recovery solutions for property management, acquired EvictionAssistant, an eviction management software company (more) Sharon AI, a provider of a high-performance computing business focused on AI cloud GPU compute infrastructure, acquired Distributed Storage Solutions, an Australian Filecoin storage provider, for $25M (more) Sparq, a provider of outsourced digital engineering for technology driven and Fortune 1000 companies, acquired Amplify Consulting Partners, a data-first consulting firm (more) Thrive, a technology outsourcing provider for cybersecurity, Cloud, and IT managed services, acquired The Longleaf Network, an IT managed services provider (more) Benchmark Analytics, an enterprise SaaS analytics platform, received a Strategic Growth investment from PSG Equity (more) Heartbeat Health, a cardiovascular care company, received a growth investment by Cressey & Company (more) Buildots, an AI construction software company, raised $15M in funding (more) Seismos, a company leveraging AI-powered acoustic sensing to provide insights for any enclosed structure from drill-holes to pipelines, received a $15M investment from Edison Partners (more)
| VC | Active Membranes, developer of electrically-conducting membranes used in desalination, closed initial round of Seed funding (more) ProofPilot, a provider of clinical experience platform, raised an undisclosed amount in Series C funding (more) Element Biosciences, a developer of technologies to empower science, raised over $277M in Series D funding (more) Regard, an AI-powered clinical insights platform for clinicians, raised $61M in Series B funding (more) Fireworks AI, a genAI inference platform provider, raised $52M in Series B Funding, valued at $552M (more) Armada, an edge computing company, raised $40M in funding (more) Soda, an AI data quality company, raised $14M in funding (more) Medal, an AI company providing the MedalTV clipping app, raised $13M in funding, at $333M valuation (more) 3Daughters, a clinical development company fueling revolutionary healthcare for women, raised $4.7M in Seed funding (more)
| |
|
| | Biden officials open crypto line (more) Firms launch options on swap-based Bitcoin ETF (more) JPMorgan expects crypto market recovery beginning in August (more) Goldman Sachs to launch three tokenization projects by end of year (more)
|
|
| | | | | | | | | DAILY SHARE |  | Not Jerome Powell @alifarhat79 |  |
| |
The world is laughing at us |  | | | 12:22 AM • Jul 12, 2024 | | | | | | 15.3K Likes 2.13K Retweets | 220 Replies |
|
|  | ettingermentum🥥🌴 @ettingermentum | |
| |
PROOF of collaboration between Putin and Trump👇 |  | | | 12:44 AM • Jul 12, 2024 | | | | | | 21.9K Likes 2.13K Retweets | 67 Replies |
|
|  | Autism Capital 🧩 @AutismCapital | |
| |
KJP thinking of new bullshit for tomorrow. |  | | | 2:18 AM • Jul 12, 2024 | | | | | | 284 Likes 24 Retweets | 22 Replies |
|
|
| |
| | |
| What did you think about today's briefing? | |
|
| | | *from our partners | Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. |
|
Tidak ada komentar:
Posting Komentar