💼 Reality check

Market faces reality check when Fed updates rate forecasts... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 March 18, 2024 | [Read Online]( [Subscribe]( | [Partner]( | [Go PRO]( Good morning. The Fast Five →[Â](Market faces [reality check]( when Fed updates rate forecasts, [White House]( urges Senate to ‘move swiftly’ on TikTok bill, [Putin wins]( what Russia claims was an "election", [Reddit’s IPO]( as much as five times oversubscribed, and SpaceX is building a [spy satellite network]( for US intelligence… Calendar: - WED 3/20: Fed interest-rate decision, 2:00pm ET - Fed Chair Powell press conference, 2:30pm ET - THU 3/21: Jobless claims, 8:30am ET Your 5-minute briefing for Monday, March 18: BEFORE THE OPEN As of market close 3/15/2024. Bitcoin as of 3/17/2024. Pre-Market: US Investor % Bullish Sentiment: 45.90% for Wk of Mar 14 2024 (Last week: 51.73%) Market Recap: - S&P 500 dips 0.65% for second straight weekly loss. - Dow down 0.49%, Nasdaq slips 0.96%. - Tech giants like Amazon and Microsoft fall over 2%. - Nvidia sees volatile week, ends slightly lower. - February's PPI exceeds expectations. - Benchmark 10-year Treasury climbs 22 basis points. - Today: Fed's two-day policy meeting begins. - Fed funds futures predict 99% chance of unchanged rates next week. EARNINGS What we’re watching this week: - Wednesday: General Mills ([GIS]() - [Micron (MU)]( - anticipating a loss of $.26 per share (a vast improvement over its year-ago loss of $1.91 per share). Revenue forecast to arrive at $5.3Bn(+43.2% YoY) - Thursday: Darden Restaurants ([DRI](), Lululemon Athletica ([LULU]() - [FedEX (FDX)]( - earnings of $3.53 per share (+3.5% YoY) on revenue of $22.1B (-0.5% YoY) - [Nike (NKE)]( - earnings of $.74 per share for Nike's fiscal Q3 (-6.3% YoY), on $12.3B revenue (-0.8% YoY) Full earnings calendar [here]( HEADLINES [Stock Market to Face Reality Check When Fed Updates its Interest-Rate Forecasts]( How the ‘dot plot’ changes — and how Fed Chair Jerome Powell addresses those changes — will be the questions investors want answered this week. [White House Urges Senate to ‘Move Swiftly’ on TikTok Bill as Lawmakers Drag Their Heels]( The bill’s momentum has been slowed in the Senate, which is more divided on the issue and also faces thorny budget negotiations this week to avert a partial government shutdown. - Putin wins what Russia claims was an "election" for its presidency ([more]() - Court halts SEC climate disclosure rule ([more]() - Dollar steady, yen soft as BOJ policy shift beckons ([more]() - US investigating Meta for role in illicit drug sales ([more]() - Reddit’s IPO as much as five times oversubscribed ([more]() - FTC conducting inquiry into Reddit’s AI data-licensing practices ahead of IPO ([more]() - Boeing’s pain spreads to travelers as airlines cut back on plans ([more]() - Exxon chief goes on the offensive as Wall Street sours on ESG ([more]() - Apple’s new CarPlay becomes last hope to crack the auto industry ([more]() - Apple without AI looks more Like Coca-Cola than high-growth tech ([more]() - LinkedIn plans to add gaming to its platform ([more]() - SpaceX is building spy satellite network for US intelligence agency ([more]() - Tesla to increase Model Y price in the US next month ([more]() - Laid-off techies face ‘sense of impending doom’ with job cuts at highest since dot-com crash ([more]() TOGETHER WITH IBD’s MARKETSURGE The most powerful stock research platform just got better— IBD’s MarketSmith is now [MarketSurge]( 🎉 A new name. A fresh look. Investor’s Business Daily’s MarketSurge era begins with a bang: [more powerful data]( infrastructure and exciting new features like… ✅ The Earnings Line Formerly reserved for institutional investor—now available to you. ✅ The Ants Indicator Identifies unusually strong price and volume action over a 3-week period, automatically. ✅ Forward Earnings Four quarters of forward EPS and sales estimates for every stock - a handy tool for gauging a stock’s growth potential. 🔥 For a limited time, [Market Briefing readers get 6-Weeks of MarketSurge for only $49.95]( — an exclusive offer you won’t find anywhere else. Give it a test-drive today! (cancel anytime) [Start my MarketSurge test-drive now]( - please support our sponsors - DEALFLOW M+A | Investments - Vodafone wraps overhaul with €8 Billion Italy deal, buyback ([more]() - JPMorgan says clean tech can deliver a $100 Billion company ([more]() - KKR said to weigh $1 Billion sale of school chain EuroKids ([more]() - Virtuos, a video game development company, acquired Beyond-FX, a visual effects studio ([more]() - PSQ Holdings, Inc. (PSQH), a marketplace of patriotic businesses, acquired Credova Holdings, Inc., a point-of-sale financing platform for the shooting sports and firearms industries ([more]() - Accenture (ACN) acquires Udacity, a digital education company with expertise in the development and delivery of proprietary technology courses ([more]() - Pace Life Sciences purchases New Jersey Lab from Curia ([more]() - Valsoft buys Servico ([more]() - RFE-backed ZRG acquires Wiser Partners ([more]() - TA Associates invests in PowerGEM ([more]() - Kayne Anderson invests in TeleMed2U ([more]() VC - Luminary Cloud, a cloud-native, computer-aided engineering software provider, raised $115M in funding ([more]() - X-Therma, a biotechnology company developing a platform for regenerative medicine and organ preservation, raised $22.4M in Series B funding ([more]() - DraftWise, provider of an AI-powered contract and negotiation platform for lawyers, raised $20M in Series A funding ([more]() - Lily AI, a provider of a retail tech platform specializing in AI solutions for retailers and brands, raised $20M in Series B-1 funding ([more]() - Omni, a provider of a business intelligence platform, raised additional $20M in funding ([more]() - Pure Lithium, a lithium metal battery technology company, raised $15M in Series A funding ([more]() - Clique, an infrastructure company empowering data computing for blockchains, raised $8M in Series A funding ([more]() - Paylode, a company that provides, manages, and monetizes perks programs for their customers, raised $5.5M in Seed funding ([more]() - Bone Health Technologies, a health technology company, raised $5M in funding ([more]() CRYPTO Powered by [MILKROAD]([Â]([- Get smarter about crypto in 5 min.]( - Binance CEO Teng Sees Bitcoin Topping $80,000 on ETF Inflows ([more]() - Ether could be a meaningful earnings driver for Coinbase, JPMorgan says ([more]() - Bitcoin price consolidation preps NEAR, APT, RNDR and MKR for more upside ([more]() BULLISH BITES ✈️ Boeing timeline: [Inside]( the air giant’s turbulent journey in recent years. ✅ Pursuits: Want to be ‘[Certified Crypto Expert](?’ You need 11 hours and $229. 💼 Nvidia GTC 2024: What to expect from the AI giant's [big conference](. 🍨 The scoop: The tiny $2 million Groq SPV that drew Chamath's ire and led his firm, Social Capital, to [terminate]( two of its partners. 📈 Revealed: [The unknown biotech powering AI in healthcare »]( * DAILY SHARES [tw profile: Elon Musk] Elon Musk @elonmusk [tw] Mar 17, 2024 308K Likes 29.2K Retweets 8.5K Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] BREAKING: PUTIN WINS RUSSIA’S PRESIDENTIAL ELECTIONS WITH 103% OF THE VOTES Mar 17, 2024 283 Likes 16 Retweets 58 Replies [tw profile: Wall Street Memes] Wall Street Memes @wallstmemes [tw] Congrats Nancy I knew you could do it Mar 17, 2024 265 Likes 33 Retweets 13 Replies Know someone who would enjoy this? [CLICK TO SHARE]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Get tomorrow’s briefing here]( ☀️ Get your briefings before everyone else, [go PRO »]( Have a comment or suggestion? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our sponsors 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. [tw]( Update your email preferences or unsubscribe [here]( © 2024 Market Briefing 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv](