💼 Boeing pleads guilty

PLUS - Nvidia gets rare downgrade -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 08, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Boeing]( agrees to plead guilty, more House Democrats want [Biden to quit]( race, this week’s [inflation report]( could have serious implications on market, earnings season to [test investors' faith]( in Big Tech, and [Nvidia gets rare downgrade](… Calendar: (all times ET) TUE, 7/9: Jerome Powell testimony to Senate, 10 AM WED, 7/10: Jerome Powell testimony to House, 10 AM THU, 7/11: Initial jobless claims, 8:30 AM Consumer price index (CPI), 8:30 AM FRI, 7/12: Producer price index (PPI), 8:30 AM Consumer sentiment, 10:00 AM Your 5-minute briefing for Monday, July 8: BEFORE THE OPEN As of market close 7/5/2024. Bitcoin as of 7/7/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 41.74% for Wk of July 04 2024 (Last week: 44.49%) Market Recap: - Stock futures slightly down Sunday night; key inflation data awaited. - S&P +0.5%, Nasdaq +0.9% hit record highs Fri; Dow +0.17%. - S&P +16.7% YTD, fourth positive week in five. - June CPI Thursday, PPI Friday; possible rate cuts. - Labor data: unemployment at 4.1%. - Traders expect two rate cuts in 2024, first in September. - Earnings: Citigroup, JPMorgan, PepsiCo, Delta. EARNINGS Light week of notable earnings. Here’s what we’re watching: - Thursday: PepsiCo ([PEP]() - [Delta Air Lines (DAL)]( - earnings of $2.37 per share (-11.6% YoY) on $15.5B revenue (+5.8% YoY) - Friday: Citigroup ([C](), Wells Fargo ([WFC]() - [JPMorgan Chase (JPM)]( - earnings of $4.55 per share (-4.2% YoY) on $44B revenue (+3.9% YoY) Full earnings calendar [here](. [Are You Prepared for the Death of the Dollar?]( *By clicking the link you are subscribing to The Investor Newsletter Daily Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( HEADLINES [Boeing to Plead Guilty in US Probe of Fatal 737 MAX Crashes]( Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a DOJ investigation linked to two 737 MAX fatal crashes, a gov't official said on Sunday. - [This Week’s Inflation Report Could Have Serious Implications for Stocks]( A softer-than-expected number could pressure the Fed to signal an interest rate cut is likely in September — or even open the door to one later this month. - Top House Democrats say Biden should drop out in call with Jeffries ([more]() - Democratic power players are circulating a proposal for Biden to exit, launch ‘blitz primary’ ([more]() - Labor market losing steam as unemployment rate climbs to 4.1% ([more]() - Fed rate cut debate to heat up as US job market cools ([more]() - US consumer goods companies are losing upper hand on pricing ([more]() - Bond market re-focus on US elections throws wrench into 2024 rally hopes ([more]() - Oil dips as Gaza talks ease supply disruption woes ([more]() - Euro falls as markets brace for French post-election gridlock ([more]() - Earnings season to test investors' faith in Big Tech stocks ([more]() - Nvidia gets rare Wall Street downgrade on valuation concerns ([more]() - Hedge funds that piled into big Tesla short stung by huge rally ([more]() - Special committee of Paramount Global endorses plan to merge with Skydance Media ([more]() - Meme stock speculation propels Koss shares 25% higher on Friday ([more]() Read This Before the Next Fed Meeting Investors are looking to the Fed with high hopes for interest rate relief. Unfortunately, many have no idea there's another major story unfolding right now, one that could be worth $40 trillion. [This Wall Street millionaire just stepped forward with all the details, and how it could make some folks profitable.]( - sponsored message - DEALFLOW M+A | Investments - Revolut CEO to sell part of stake in $500M share sale ([more]() - SIXGEN, a solutions provider of cybersecurity products and expertise to US national intelligence, acquired Secure Enterprise Engineering, Inc., provider of cybersecurity products and services ([more]() VC - Tembo, a Postgres managed service to handle open-source database for AI workloads, raised $14M in Series A funding ([more]() - Granza Bio, a therapeutic delivery platform developer, raised $7M+ in Seed funding ([more]() - Vida, a provider of carrier-grade AI voice agents for SMB's, raised $3M in Seed funding ([more]() CRYPTO - Bitcoin ETF investors bought the dip on Friday, with inflows topping $140M ([more]() - Rise of Telegram-friendly chain spurs talk of crypto Super App ([more]() - Crypto crash pushes fear & greed index to lowest since Bitcoin traded at $17K in early 2023 ([more]() BULLISH BITES 🤑 Scale: You could [learn a lot]( from a CIO with a $17B IT budget. 🔥 Next big bet: [Nvidia’s $1 trillion AI pivot mints new millionaires]( * 📱 July 10: What to expect at [Samsung’s Galaxy]( Unpacked event. 💰 Take action: [What the end of America’s biggest myth means for your money]( * 🛸 Sabotage: What happens if you [shoot down]( a delivery drone? DAILY SHARE [tw profile: gabbi (toxic version)] gabbi (toxic version) @its_GOP [tw] my dog the minute her leash gets unclipped in the dog park 12:39 AM • Jul 7, 2024 32 Likes 0 Retweets 1 Reply [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] What can be, unburdened by what has been. 4:53 PM • Jul 5, 2024 18.1K Likes 848 Retweets 562 Replies [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] 2024 Investing Cheat sheet. 📝 3:30 AM • Jul 8, 2024 68 Likes 4 Retweets 7 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] 3:24 PM • Jul 7, 2024 13.1K Likes 375 Retweets 12 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. 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