💼 The chips fall

Chip stocks shed over $500 billion in value... -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 18, 2024 | [Read Online]( In partnership with First time here? [Sign up]([»]( Good morning. The Fast Five → [Chip stocks]( shed over $500 billion in value as US floats [tougher trade rules]( on China, [Biden]( says he’ll only quit race for medical reasons, Fed officials say they are '[closer](' to cutting interest rates, and Trump is considering [Jamie Dimon for Treasury Secretary](… From Behind The Markets: if you missed out on the first wave of big AI profits... [Get in on the second wave of big winners here »]( Calendar: (all times ET) Today: Initial jobless claims, 8:30 AM Your 5-minute briefing for Thursday, July 18: BEFORE THE OPEN As of market close 7/17/2024. Pre-Market: US Investor % Bullish Sentiment: ↑ 49.18% for Wk of July 11 2024 (Last week: 41.74%) Chart updates every Friday. Market Recap: - Stock futures slightly higher after Nasdaq’s worst session since 2022. - Discover Financial +4% on strong Q2 results. Beyond Meat -16% on restructuring talks. - Nasdaq -2.8%, S&P -1.4%, Dow +0.6%, closing above 41,000. - Tech stocks sold off, small caps and cyclicals gained. Russell 2000 -1%, up 9% in five days. - Market broadening hoped for, concerns of economic slowdown persist. - Jobless claims expected at 229,000. EARNINGS Here’s what we’re watching this week: - Today: - [Netflix (NFLX)]( - earnings of $4.39 per share (+33.4% YoY) on $8.8B revenue (+7.6% YoY) - Friday: American Express ([AXP]() 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 [Chip Stocks Shed Over $500 Billion in Value on China Trade Fears]( Wall St's semiconductor index lost more than $500 billion in market value on Wednesday in its worst session since 2020 after a report said the US was mulling tighter curbs on exports of advanced semiconductor technology to China. [Biden Says He Might Quit Race if ‘Medical Condition’ Emerged]( President Joe Biden said in a new interview that he might reconsider his decision to stay in the race against Donald Trump if a “medical condition” emerged. - Nasdaq, S&P end sharply lower, hit by chips, megacaps; Dow extends rally ([more]() - US firms point to slowing activity and softer labor market ([more]() - Top Fed officials say they are 'closer' to cutting interest rates ([more]() - Jamie Dimon being considered by Trump for Treasury Secretary ([more]() - US floats tougher trade rules to rein in China chip industry ([more]() - Oil extends advance after US crude stockpiles post another drop ([more]() - Asia volatility returns as tech tanks, yen spikes ([more]() - India block trades led by global firms reach record $15B ([more]() - US banks see high deposit costs, investment banking boost ([more]() - More than 40% of Japanese companies have no plan to make use of AI ([more]() - SEC sues Digital World's former CEO alleging securities fraud ([more]() Intercom for Startups Join [Intercom’s]( Early Stage Program to receive a 90% discount. Get a direct line to your customers. Try the only complete AI-first customer service solution. [Apply now]( DEALFLOW M+A | Investments - Samsung to acquire British startup Oxford Semantic for AI ([more]() - Apax, Bain and CVC exploring potential bids for SoftwareOne ([more]() - Hyatt in advanced talks to buy Standard Hotels brand ([more]() - Darden Restaurants to buy Chuy's in $605M deal ([more]() - Bitcoin miner Cipher mulls sale amid takeover interest ([more]() - Ace Hotel brand explores sale after failed deal with Sortis ([more]() - BlackRock sells $2.5B bond to fund Preqin purchase ([more]() - Census, a data activation and reverse ETL platform, acquired Fulcrum, an AI-led growth platform for business teams ([more]() - EXA Capital, a company focused on buy and hold strategy for enterprise software companies, acquired Nomos One, a business-critical lease management SaaS platform ([more]() - Kinective, a provider of bank branch automation software acquired Nexus Software, a company specializing in branch device management for financial institutions ([more]() - Squirro, a gen AI, search, and business insights SaaS platform, acquired Synaptica, a SaaS provider taxonomy management ([more]() - SecureVision, a fiber connectivity provider for resort communities, received an investment from Snowhawk ([more]() VC - Lumos Technologies, a data analytics company, raised an undisclosed multimillion-dollar investment in Seed funding ([more]() - Cloverleaf Infrastructure, a platform developing clean-ready-to-build sites for the largest electric loads, raised $300M in capital ([more]() - Cart.com, a provider of unified commerce and logistics solutions for merchants, raised $105M in debt facility ([more]() - Kandji, an Apple endpoint management and security platform, raised $100M in funding, at $850M valuation ([more]() - Pindrop, a company specializing in voice authentication and security, raised $100M in debt financing ([more]() - Truvian Health, a blood testing platform, raised $74M funding ([more]() - Slope, a B2B payments platform, raised $65M in funding ([more]() - Peak Energy, a company developing energy storage technology for the grid, raised $55M in Series A funding ([more]() - Stax Engineering, a maritime emissions capture and control company, raised $40M in funding ([more]() - Freshpaint, a provider of a healthcare privacy platform, raised $30M in Series B funding ([more]() - Novocuff, a medical device company, raised $26M in Series A funding ([more]() - Escala, a provider of CRM for SMBs in Latin America and US Hispanic market, raised $12M in funding ([more]() - [Shaped.ai](, an AI recommendation and search platform for marketplaces, raised $8M in Series A funding ([more]() - aiXplain, a provider of essential infrastructure for accelerated AI development, raised $6.5M in Series A funding ([more]() - Earthshot Labs, a carbon development platform, raised $5.5M in Series A funding ([more]() - GovPort, a provider of a SaaS subcontractor management portal, raised $2.8M in funding ([more]() - Arvo Tech, a creator of a tax strategy solution for small businesses, raised $2.5M in Series A funding ([more]() CRYPTO - Vitalik Buterin, as other crypto leaders line up behind Trump, argue against picking candidate because they like crypto ([more]() - Ether spot ETF inflows will push ETH to beyond $5K ([more]() - In likely precursor to Ether ETF approval, most applicants have submitted final forms ([more]() BULLISH BITES 💥 Boom: The ‘[Godmother of AI](’ has a new startup already worth $1 billion. 🚀 AI's Massive Surge: [Don't miss the second wave]( * 🙄 Hot Air: Mark Cuban says Silicon Valley support for Trump is ‘[Bitcoin play](’. 🎤 Really? Taylor Swift may have [killed]( an August rate cut. 🇫🇷 Hidden Gems:[Four magical places]( in France that few tourists know about. DAILY SHARE [tw profile: Inverse Cramer (Not Jim Cramer)] Inverse Cramer (Not Jim Cramer) @CramerTracker [tw] When the best trader ever tells you to step down, you step down 3:38 AM • Jul 18, 2024 100 Likes 3 Retweets 5 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] Trying to finish this jigsaw puzzle can someone please help me 3:26 AM • Jul 18, 2024 196 Likes 19 Retweets 17 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] My wife: No one is going to know you got a little Botox. Me: 1:30 AM • Jul 18, 2024 2.57K Likes 92 Retweets 176 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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