💼 Growing revolt

PLUS - Apple to get OpenAI board observer role -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 03, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → Biden faces [growing revolt]( from Democrats, Fed's Powell says US on '[disinflationary path](’, [Apple]( to get OpenAI board observer role, [Tesla]( shares soar on Q2 deliveries, and echoes of [dotcom bubble]( haunt AI-driven stock market… Calendar: (all times ET) Today: Market closes early Initial jobless claims, 8:30a Factory orders, 10:00a THU 7/4: Market closed for July 4 FRI 7/5: Unemployment report, 8:30a Your 5-minute briefing for Wednesday, July 3: BEFORE THE OPEN As of market close 7/2/2024. Pre-Market: US Investor % Bullish Sentiment: ↑ 44.49% for Wk of June 27 2024 (Last week: 44.37%) *Updates every Friday. Market Recap: - Stocks rose as Powell noted inflation progress but no rate cuts. - S&P +0.62%, Nasdaq +0.84% -both hit record highs; Dow +0.41%. - Tesla +10% on strong Q2 deliveries. - Treasury yields eased post-Powell comments. - Nvidia -1.3%, Eli Lilly -0.8%. - Today: Low trading volume expected; NYSE closes early, shut tomorrow for Independence Day. EARNINGS A light week of notable earnings: - Today: - [Constellation Brands (STZ)]( - earnings of $3.46 per share (+18.9% YoY) on $2.7 billion revenue (+6.4% YoY). - Thursday: Stock market holiday Full earnings calendar [here](. [Download our Report: Profiting from Electric Vehicle (EV) Stocks]( *(**By clicking this link you are subscribing to The Investing Ideas Daily Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( HEADLINES [Biden Faces Growing Revolt from Democrats in Congress]( President Biden is struggling to contain mounting dissent from Democratic members of Congress that has culminated in a call for him to withdraw as the party's nominee. [Apple Poised to Get OpenAI Board Observer Role as Part of AI Pact]( Phil Schiller, Apple’s former marketing chief, will take the position that would match that of Microsoft. - Powell says US needs to cut deficit ‘sooner rather than later’ ([more]() - Powell welcomes recent data but Fed needs more confidence to cut ([more]() - US labor market steadily easing despite rise in job openings ([more]() - Oil prices inch up on large US crude stock draw ([more]() - US awards $504M for 'tech hubs' in overlooked regions ([more]() - China’s services sector grows less than expected ([more]() - Tesla shares soar on better-than-expected Q2 deliveries ([more]() - Eli Lilly Alzheimer's drug approved by FDA ([more]() - EV makers face rough road ahead despite upbeat quarterly sales ([more]() - Echoes of dotcom bubble haunt AI-driven stock market ([more]() - Paramount and Skydance near merger deal ([more]() - Manhattan now a ‘buyer’s market’ as real estate prices fall and inventory rises ([more]() Obama in favor of Biden swap-out? As we approach the Democratic National Convention in August... many sense [a Biden swap-out is looming.]( In fact, according to Tucker Carlson, in private even "Obama is telling people Biden can't win, and he is therefore in favor of an open convention." Which brings up the obvious question: [WHO will they replace Biden with?]( There are many theories floating around online... But I believe [I've found the most likely outcome](, and it's one you probably haven't seen anywhere else yet. Sincerely, Dan Ferris, Senior Analyst, Stansberry Research - sponsored message - DEALFLOW M+A | Investments - DRiP Haus, a Solana-based creator platform, acquired Vault Music, a limited-edition music platform on the Solana blockchain ([more]() - Instructure Holdings, a company empowering the delivery of education, acquired Scribbles, a provider of records management to US K-12 school districts, from Alamar Partners ([more]() - Motorola Solutions (MSI), a connect technologies company, acquired Noggin, cloud-based business continuity planning, operational resilience and critical event management software ([more]() - Togetherwork, a software and payment solution to organizations, received an investment from Park Square Capital ([more]() - Metrika and Zodia custody partner on digital asset risk management ([more]() VC - Prodia, a provider of a distributed network of GPUs for AI inference solutions, raised $15M in Seed funding ([more]() - Pi Squared raises $12.5M in Seed Funding led by Polychain Capital to build a universal ZK circuit powered by Proof of Proof ([more]() - Uncaged Innovations, a biomaterial company creating sustainable leather from grains at scale, raised $5.6M in Seed funding ([more]() - BoldHue, a beauty-tech company, raised nearly $3.4M in Seed funding ([more]() CRYPTO - Bitcoin traders position for ‘bullish July’ as BTC ETFs record $124M inflows ([more]() - History suggests bitcoin will likely hit a new all-time high this year ([more]() - Crypto exchange Kraken is considering going nuclear ([more]() - Bitcoin miners fee decline seen raising risk of forced selling ([more]() BULLISH BITES 🏀 Check-up: Boston Celtics sale could [break]( records. 🤯 Shakeup: [You'll never guess who they could make President next]( * ⚡️ New Target: Tech industry wants to lock up [nuclear power]( for AI. 🚨 Buy Alert: Massive [investment opportunity]( unearthed during the debate. 🔥 Viral: This song is catchy and going viral. It’s also North Korean [propaganda](. 🏝 Attn: Island-Hoppers: Greece has a new [helicopter airline](. DAILY SHARE [tw profile: sophie] sophie @netcapgirl [tw] bill gates started hanging out with warren buffett and diversifying his portfolio steve ballmer, like a chad, held on to enough shares of microsoft to surpass gates in wealth as of today 6:51 PM • Jul 2, 2024 2.28K Likes 111 Retweets 140 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] Steve Ballmer’s net worth ($157.2B) just passed Bill Gates ($156.7B) for the first time ever. He did this by not selling his Microsoft stock and having diamond hands 9:14 PM • Jul 2, 2024 583 Likes 51 Retweets 34 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] 12:36 AM • Jul 3, 2024 224 Likes 25 Retweets 30 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *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. 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