💼 'Grow a spine'

PLUS - Powell to face critics in Congress -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 09, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Powell to face critics]( in Congress, [team Biden]( tries to beat back the Democratic doubters, S&P notches [longest winning streak]( since Jan., [Paramount]( agrees to Skydance deal, and [Nvidia dethrones Tesla]( as single-stock ETF king… From Chaiken Analytics: [New Goldman report could spell trouble for NVDA]( Calendar: (all times ET) Today: 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 Tuesday, July 9: BEFORE THE OPEN As of market close 7/8/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 41.74% for Wk of July 04 2024 (Last week: 44.49%) Market Recap: - S&P and Nasdaq hit record highs Monday. - S&P +0.1%, Nasdaq +0.28%, Dow -0.08%. - Key inflation data and earnings reports ahead. - June CPI (Thu) and PPI (Fri) critical for rate cut hopes. - Cooling job market; unemployment up to 4.1%. - Traders expect two rate cuts in 2024, first in September. 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](. [Ethereum to $10K? Find Out Our Top Crypto Forecast for 2024.]( *By clicking link you are subscribing to Conservative Investor News’s Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( HEADLINES [‘Grow a Spine’: Team Biden Tries to Beat Back the Democratic Doubters]( "I don’t care what the millionaires think," Biden said Monday. "I want their support but that’s not the reason I’m running." [Powell to Face Fed Critics in Congress on High Rates, Bank Rules]( Fed chair will testify on Capitol Hill Tuesday and Wednesday. Powell is likely to be pressured on Fed policy, independence. - S&P 500 notches longest winning streak since January ([more]() - Job growth continues to exceed expectations ([more]() - Inflation outrage: Walmart, Chipotle and others feel heat from customers ([more]() - Oil falls as Hurricane Beryl's risk to Texas operations lessens ([more]() - Europe markets close mixed, French stocks volatile after left-wing's surprise election win ([more]() - In France, investors get the centrist limbo they wanted - Morgan Stanley’s Wilson says a 10% stock market correction Is ‘highly likely’ ([more]() - Paramount agrees to Skydance deal, ending Redstone era ([more]() - Microsoft orders China staff to use iPhones for work ([more]() - Nvidia dethrones Tesla as single-stock ETF king with 400% rally ([more]() - Tesla’s model Y ‘Juniper’ redesign might come soon ([more]() - Valuations of startups have quietly rebounded to all-time highs ([more]() - Sequoia Capital’s former China unit raises new $2.5B start-up fund ([more]() Why are AI Stocks Falling in July? July is historically the best month of the year for US stocks. [So why are everyone's favorite tech stocks – including NVDA – stumbling](? The mainstream financial media is blaming increasing competition... stock splits... even antitrust laws... But according to one 50-year Wall Street legend, the truth is much harder for individual investors to see... [And, as a result, the next 60 days could usher in one of the greatest financial upheavals of 2024](. That's why I sat down with this legendary investor in a tell-all interview. CNBC's Jim Cramer once said that he'd never bet against him. After you hear [his new prediction about NVDA](, AI, and the fate of this tech-fueled bull market, I'm confident you'll see why. To see this July stock warning for yourself – 100% free – [click here](. - Kelly Brown Senior Researcher, Chaikin Analytics - sponsored message - DEALFLOW M+A | Investments - Devon to buy Williston Basin oil assets in $5 billion deal ([more]() - Carlsberg to buy Britvic for $4.2B ([more]() - Lilly agrees to buy US biotech Morphic in $3.2B deal ([more]() - China’s BYD inks deal for $1 bln Turkey plant, eyeing Europe ([more]() - Bain Capital nears deal to buy Envestnet ([more]() - Robinhood Markets, Inc. (HOOD) acquired Pluto Capital Inc., an AI-powered investment research platform ([more]() - Accenture (ACN) has completed the acquisition of Openstream Holdings and its subsidiaries, Open Stream and Neutral ([more]() - GrubMarket, a company specializing in B2B food eCommerce and enterprise AI solutions for the food supply chain industry, acquired Brothers Produce, a foodservice distributor ([more]() - Ligand Pharmaceuticals Incorporated, a biopharmaceutical company supporting the development of medicines, acquired Apeiron Biologics AG, a private biopharmaceutical company, for $100M ([more]() - MedPharm, a Contract Development and Manufacturing Organization and Ampersand Capital Partners portfolio company, merges with Tergus Pharma, a contract service provider ([more]() VC - HarmonyCares, a provider of value-based in-home longitudinal care, raised $200M in funding ([more]() - Phaidra, an AI-based system for data centers to improve efficiency and increase compute infrastructure, raised $12M in funding ([more]() - Apriori Bio, a biotech company providing innovations against viral threats, raised $1.1M in funding ([more]() CRYPTO - CBOE files for SEC approval to list Solana ETFs, starts clock for required decision ([more]() - Crypto funds see inflows for first time in a month ([more]() - Bitcoin drops as German government unloads over $900M worth of BTC ([more]() - Bitcoin mining profitability rose in June as market adjusted for the halving ([more]() BULLISH BITES 🤝 Deal Flow: Media, tech titans [head for Sun Valley]( with streaming alliances top of mind. 🚨 Tech Stocks: [50-year Wall Street legend issues July stock warning]( * 🎥 New Era: [Meet David Ellison](, the CEO of Skydance and Paramount's new owner 📈 Sport: How stocks became [the game]( that record numbers of Americans are playing. 🤖 All-systems-go: Old school FX traders [are being replaced]( by algos with names like Viper. DAILY SHARE [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] The streaming landscape after Paramount’s $8B merger deal with Skydance, explained 2:59 PM • Jul 8, 2024 316 Likes 32 Retweets 10 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] The US government will spend $892 billion in the current fiscal year on interest payments alone. Just think about how much money could be saved if they refinanced the national debt at 0% for 18 months on a promotional credit card. 1:55 PM • Jul 8, 2024 868 Likes 51 Retweets 100 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] From now on, any time you see a new Biden/Kamala tweet, just imagine this photo. It puts everything in context -- immediate perspective. 7:44 PM • Jul 8, 2024 1.14K Likes 127 Retweets 107 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. Please conduct your own research and consult an independent financial adviser before making any investments. 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