💼 Fear sweeps markets

Alarm bells for economic downturn are clanging -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 05, 2024 | [Listen Online]( | [Read Online]( In partnership with First time here? [Sign up]([»]( Good morning. The Fast Five → [Alarm bells]( for economic downturn are clanging, [investors left to guess]( where stocks go next, [Berkshire cuts Apple]( stake by half, [sharp slowdown]( in job growth, and Musk says [Fed foolish]( not to have cut rates … ➔ [Free Book Reveals 4 Critical Steps to Withstand Economic Downturn]( - Courtesy of Behind the Markets Calendar: (all times ET) - Full calendar [here]( - Today: ISM services, 10:00 AM - Tomorrow: US trade deficit, 8:30 AM Your 5-minute briefing for Monday, August 5: BEFORE THE OPEN As of market close 8/2/2024. Bitcoin as of 8/4/2024. Pre-Market: US Investor % Bullish Sentiment: ↑44.88% for Wk of August 01 2024 Last week: 43.17%. Updates every Friday. Market Wrap: - Stocks fell sharply Friday on weak July jobs report, recession fears. - S&P -1.84%, Nasdaq -2.43% (10% below all-time high), Dow -1.51% - Nasdaq in correction; S&P and Dow 5.7% and 3.9% below highs - Unemployment rate: 4.3% - 10-yr Treasury falls to lowest since December - Amazon -8.8%, Intel -26%, Nvidia -1.8% after previous day's 6% loss - Bank stocks hit: BofA -4.9%, Wells Fargo -6.4% - Investors believe Fed should have cut rates on Wednesday EARNINGS Here’s what we’re watching this week: - Today: Tyson Foods ([TSN](), Hims & Hers Health ([HIMS](), ZoomInfo Technologies ([ZI]() - Tuesday: Airbnb ([ABNB](), Instacart ([CART](), iRobot ([IRBT](), Reddit ([RDDT](), Restaurant Brands Int'l ([QSR](), Rivian Automotive ([RIVN](), Uber Technologies ([UBER](), WK Kellogg Co ([KLG](), Yum! Brands ([YUM]() - [Caterpillar (CAT)]( - earnings of $5.54 per share on $16.7B revenue (-3.7% YoY) - Wednesday: CVS Health ([CVS](), Duolingo ([DUOL](), Klaviyo ([KVYO](), Lyft ([LYFT](), Ralph Lauren ([RL](), Shopify ([SHOP]() - [Robinhood Markets (HOOD)]( - earnings up $.15 per share on $634.2M revenue (+30.5% YoY) - [Walt Disney (DIS)]( - earnings of $1.19 per share (+15.5% YoY) on $23.0B revenue (+3.1% YoY) - Thursday: Eli Lilly ([LLY](), Paramount Global ([PARA](), PENN Entertainment ([PENN]() Full earnings calendar [here](. TOGETHER WITH 1440 The Daily Newsletter for Intellectually Curious Readers - We scour 100+ sources daily - Read by CEOs, scientists, business owners and more - 3.5 million subscribers [Sign up today!]( HEADLINES [Market Plunge Has Investors Bracing for Turbulent End to 2024]( Tumbling yields have investors turning to utilities, REITs ‘The play is dividend payers,’ Wealth Alliance’s Diton says. [Berkshire Cuts Apple Stake by Half in Selling Spree]( The conglomerate reported nearly $277 billion in cash in the second quarter. And while it sold about 390 million shares in Apple, it still owned about 400 million. - The alarm bells for an economic downturn are clanging ([more]() - Why fear is sweeping markets everywhere ([more]() - Sharp slowdown in job growth boosts unemployment to 4.3% ([more]() - US sues TikTok over 'massive-scale' privacy violations of kids <13 ([more]() - Mortgage rates fall to 5-month low ([more]() - Gold taps all-time highs as weak jobs data raise recession fears ([more]() - Dollar path divides Goldman, Fidelity over emerging-market bonds ([more]() - Rate hike whipsaws Japan, investors take long-term view ([more]() - Musk says Fed foolish not to have cut interest rates ([more]() - Apple investors urged to stay calm after Buffett slashes stake ([more]() - Intel shares slump 26% as turnaround struggle deepens ([more]() - Chevron dumps California for Texas after 145 years ([more]() - Wall Street goes to the Olympics ([more]() DEALFLOW M+A | Investments - Snickers maker Mars explores buying Kellanov ([more]() - Iberdrola to buy Britain's ENWL in $5.4B deal ([more]() - Hartree to buy ED&F Man in soft commodities trade expansion ([more]() - Blue Yonder, a leader in digital supply chain transformations, acquired Farmers Branch, One Network Enterprises, valued at $839M ([more]() - Electronic Merchant Systems, a merchant and payments provider, received a majority investment from BharCap Partners ([more]() - ExecThread, Inc., exec-level career opportuny aggregator for a global network of professionals, secured growth funding from Decathlon Capital Partners ([more]() VC - Bilt Rewards, a loyalty program for the home and neighborhood, raised an additional $150M in funding ([more]() - Type One Energy, a provider of sustainable fusion power, closed its $82.4M seed financing round ([more]() - Contextual AI, builder of customized language models for businesses to enhance AI applications, raised $80M Series A funding round ([more]() - GovWell, a provider of a govtech software platform, raised $4.5M in seed funding ([more]() - TS Conductor, a manufacturer of advanced electric power lines, closed a $60M growth funding round ([more]() CRYPTO - Bitcoin falls 5.69% to $58,987 ([more]() - FBI issues warning about crypto exchange scams ([more]() - Crypto execs to meet with White House advisers next week ([more]() - Crypto booming again in New York as sentiment turns positive ([more]() BULLISH BITES 🚨 Free Download:[How to Profit in a Collapsing Market]( * 📉 Daunting: The Intel CEO Pat Gelsinger’s dream job takes a [nightmarish turn](. 🔎 Inside Look: What Bill Ackman [got wrong]( with his bungled IPO. 😎 Zuck’s New Image: [Gold chains]( and gen-z curls. 🏅 Trending: Olympics viewership is up — and [Snoop Dogg]( is part of the buzz. DAILY SHARE [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] Financially ruined 😠9:23 PM • Aug 4, 2024 591 Likes 40 Retweets 108 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Larrrrryyyy! Have we ever mentioned what a handsome man you are? Such a strong and powerful man. So courageous how you launched those Bitcoin and Ethereum ETFs. Only a big powerful man like you could pump the price of Crypto, you totally should! Did we mention you're so handsome? 6:19 PM • Aug 4, 2024 154 Likes 6 Retweets 19 Replies [tw profile: litquidity] litquidity @litcapital [tw] When you pay an agency millions to create a new logo that a pakistani dude on Fiverr could’ve done for $10 3:13 PM • Aug 2, 2024 1.55K Likes 65 Retweets 43 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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