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PLUS - Fed likely to hold rates steady today -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 01, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → Powell gives the [September rate cut signal](, [bank stocks rally]( to two-year high, [Boeing]( taps aerospace veteran as new CEO, Ackman’s Pershing Square [withdraws IPO]( amid low demand, and [Nvidia surges]( on Microsoft’s magic words … 🚀 From Weiss: [Nvidia is Pivoting to Solve Big Tech’s $1 Trillion Problem]( Calendar: (all times ET) Today Initial jobless claims, 8:30 AM Tomorrow Employment report, 8:30 AM Your 5-minute briefing for Thursday, August 1: (Note: we’ve made some changes to improve mobile viewing - [let us know what you think](mailto:feedback@marketbriefing.com)) BEFORE THE OPEN As of market close 7/31/2024. Pre-Market: US Investor % Bullish Sentiment: ↓43.17% for Wk of July 25 2024 Last week: 52.75%. Updates every Friday. Market Wrap: - S&P 500 +1.58%, Nasdaq +2.64%, Dow +0.24%. - Meta Platforms up 7% on strong Q2 results. - Arm Holdings down 10% on weak guidance. - Fed Chair Powell hints at a September rate cut. - Tech stocks bounced: Nvidia +13%, Semiconductor ETF +8%. - July recap: Nasdaq -0.8%, S&P +1.1%, Dow +4.4%. - Earnings ahead: Apple, Amazon, Intel, Moderna. EARNINGS Here’s what we’re watching: - Today: Amazon ([AMZN](), DoorDash ([DASH](), DraftKings ([DKNG](), Hershey Foods ([HSY](), Intel ([INTC](), Moderna ([MRNA](), Roblox ([RBLX](), Roku ([ROKU](), Sirius XM ([SIRI](), Twilio ([TWLO](), Wayfair ([W](), Wendy's ([WEN]() - [Apple (AAPL)]( - earnings of $1.34 per share (+13.6% YoY) on $84.4B revenue (+10.4% YoY) Full earnings calendar [here](. [Like This Briefing? SHARE IT! »]( HEADLINES [Chair Powell Gives the September Rate Cut Signal Traders Were Hoping For]( Officials tempered their assessment of the labor market. They said inflation has eased over the past year but remains “somewhat elevated.” [Bank Stocks Rally to Two-Year High in Sentiment ‘U-Turn’]( Strategists turn to bank stocks as a favored ‘Trump trade’. Regional lenders notch best monthly gain since November 2016. - Slowing wage gains restrain US labor costs in second quarter ([more]() - Traders rush back to oil options to hedge Mid-East political risk ([more]() - Wall St panel endorses T-bill supply scorned by republicans ([more]() - Japan raises interest rates for second time since 2007 ([more]() - Nvidia’s stock surges 13% as Microsoft says the magic words ([more]() - Meta shares pop on revenue and earnings beat ([more]() - Arm slides after sticking with tepid annual sales forecast ([more]() - Amazon set to join Big Tech's spending surge as AI race heats up ([more]() - Boeing taps new CEO, aerospace veteran Ortberg ([more]() - Bill Ackman’s Pershing Square withdraws IPO as demand for offering waned ([more]() - UAW union endorses Vice President Kamala Harris ([more]() - 23andMe CEO files proposal to take company private as stock craters ([more]() A Massive $1 Trillion AI Superproject is Underway AI is growing exponentially. That means thousands of existing facilities are now obsolete. New billion-dollar mega complexes are rising in their place. [They’re six times more powerful.]( And Nvidia, the hottest company in the world, is playing a vital role in their production. But they’re not alone … Nvidia needs a critical group of Silent Partners to help get the job done. [Click here to discover these key companies behind this $1 trillion Superproject]( - sponsored message - DEALFLOW M+A | Investments - Robot software maker Covariant gets takeover inquiry from Amazon ([more]() - Italy’s Bending Spoons buys WeTransfer file-sharing pioneer ([more]() - CBIZ to acquire accounting firm Marcum in $2.3B deal ([more]() - ClickHouse, Inc., a company behind a popular real-time analytical database, acquired PeerDB, a provider of change data capture solutions for Postgres databases ([more]() - Dotmatics, a leader in R&D scientific software connecting science, data, and decision-making, acquired EasyPanel, a company specializing in flow cytometry panel design software ([more]() - Fiverr announced its acquisition of AutoDS, a subscription-based end-to-end solution for dropshippers ([more]() - Halcyon, a platform designed to defeating ransomware, received a strategic investment from Cisco Investments ([more]() - Winky Lux, a beauty brand known for its innovative products and commitment to clean, cruelty-free formulations, received a majority investment from CORE Industrial Partners ([more]() VC - FleetPulse, an innovator in trailer telematics, received an additional funding of undisclosed amount ([more]() - Gloo, a tech platform dedicated to connecting the faith ecosystem and releasing its collective might, closed a $110M financing ([more]() - Spring Health, a mental health solution for employers and health plans, raised $100M in Series E funding with valuation of $3.3B ([more]() - Airna, a biotech company advancing RNA therapeutics for patients with diseases, closed a $60M financing round ([more]() - Rhombus, a leader in cloud-managed physical security, raised $45M in Series C funding ([more]() - Ema, a gen AI company creating the universal employee of the future, added $36M to its Series A funding totaling $50M ([more]() - Graphyte, a leader in the durable carbon removal industry, closed a $30M Series A funding round ([more]() - Applied Carbon, a tech company designing automated biochar production machines that convert crop waste into biochar, raised a $21.5M in Series A funding ([more]() - Checkly, a provider of synthetic monitoring powered by Monitoring as Code and Playwright, raised $20M in Series B funding ([more]() - Gigpro, an on-demand labor marketplace for the hospitality industry, closed a $16M Series A funding round ([more]() - Leaf, a unified farm data API and farm data processing platform, closed a $11.3M Series A funding ([more]() - Icebreaker, an open professional network, raised $5M in seed funding ([more]() - Matereal, a plastic replacements technology company, closed a $4.5M seed funding round ([more]() - FranShares, a platform for franchise investing, raised $4.1M in seed funding ([more]() - Endari, a cybersecurity company, raised $4M in seed funding. The backers were not disclosed ([more]() - Not Diamond, a product that gives developers the ability to route AI queries to the best-suited models, raised $2.3M in funding ([more]() CRYPTO - World’s second-largest Bitcoin fund spawns lower-fee offshoot ([more]() - XRP surges 7% amid Ripple-SEC settlement hopes, $600M token unlock ([more]() - Tether stablecoin issuer says 2Q profit was $1.3 billion ([more]() BULLISH BITES 🔥 Next Move: [He called Nvidia at $8. Here’s his next pick …]( * 😎 Watch Out: [AMD]( is becoming an AI chip company, just like Nvidia. 👊 Next Level: California's DMV is attempting to fight fraud by [uploading 42 million car titles]( to the blockchain. 🤡 Crazy: Google wins the gold medal for [worst Olympic ad](. DAILY SHARE [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] just checked the charts 📉 11:06 PM • Jul 31, 2024 358 Likes 36 Retweets 91 Replies [tw profile: gaut] gaut @0xgaut [tw] 5 screen setup vs using your laptop 9:55 PM • Jul 31, 2024 7.33K Likes 493 Retweets 42 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] "I said it's time to lower interest rates!" 3:40 PM • Jul 31, 2024 1.12K Likes 75 Retweets 70 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. 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