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Global stocks fall as recession fears grow -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 06, 2024 | [Listen Online]( | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Global stocks fall]( as recession fears grow, Judge rules Google is an [illegal monopoly](, Wall Sreet '[fear gauge](' logs record jump, [Asia stocks rebound]( after day of wild selling worldwide, and JPMorgan trading desk says ‘getting close’ to [buy-the-dip]( opportunity … From Weiss Research: [Former hedge fund manager]([who called dot-com crash issues warning »]( Poll: What is happening in the US market? [Recession]( | [Correction]( Calendar: (all times ET) - [Full calendar]( - Today: US trade deficit, 8:30 AM - Tomorrow: Consumer credit, 3:00 PM Your 5-minute briefing for Tuesday, August 6: BEFORE THE OPEN As of market close 8/5/2024. Pre-Market: US Investor % Bullish Sentiment: ↑44.88% for Wk of August 01 2024 Last week: 43.17%. Updates every Friday. Market Wrap: - S&P futures +0.9%, Nasdaq +1.2%, Dow +0.6% - Regular trading sharp sell-off: Dow -2.6%, S&P -3%, Nasdaq -3.43% - Weak jobs report sparks recession fears, concerns Fed behind on rate cuts - Japan’s Nikkei 225 had worst decline since 1987 - US Treasury yields fell as investors sought safe-haven bonds - Cboe Volatility Index surged to 65, highest since 2020 - Palantir +13%, Lucid Group +6% on strong quarterly results EARNINGS Here’s what we’re watching this week: - Today: Airbnb ([ABNB](), Amgen ([AMGN](), Instacart ([CART](), Reddit ([RDDT](), Restaurant Brands ([QSR](), Rivian ([RIVN](), Uber ([UBER]() - [Caterpillar (CAT)]( - earnings of $5.54 per share on $16.7B revenue (-3.7% YoY) - Wednesday: CVS ([CVS](), Duolingo ([DUOL](), Klaviyo ([KVYO](), Lyft ([LYFT](), Shopify ([SHOP]() - [Robinhood (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 WEISS RESEARCH CNBC's 'Prophet' Who Called Dot-Com Crash Issues Controversial Warning As AI stocks sent the stock market to new highs every other month, the mainstream media warned investors to prepare for another 2000-style tech crash. But the man CNBC nicknamed 'The Prophet' is going against the crowd. He accurately predicted the dot-com crash in 2000, and today, he has a controversial new warning about the AI craze. It could dictate your next decade of success – or failure – in the U.S. stock market. [See for yourself here](. - sponsored message - HEADLINES [Global Stocks Continue Falling as Fears of US Recession Grow]( [Google Is an Illegal Monopoly, Federal Court Rules]( Judgment delivers a victory to the DOJ as it takes on a string of federal antitrust lawsuits against Big Tech. - $1 trillion wipeout - market rout punishes megacap tech ([more]() - Investors are unwinding the biggest ‘carry trade’ the world has ever seen ([more]() - Wall St 'fear gauge' logs record jump as investors bet on more turbulence ([more]() - JPMorgan trading desk says ‘getting close’ to buy-the-dip opportunity ([more]() - Traders bet on Fed emergency rate cuts, but officials need more to react ([more]() - Fed's Goolsbee says central bank will 'fix' US economy if it deteriorates ([more]() - Asia stocks rebound after a day of wild selling worldwide ([more]() - Dollar down as US rate cut bets rise ([more]() - US crude oil falls to six-month low as market sells off ([more]() - Survey: Home prices will stay high even if the Fed cuts interest rates ([more]() - Palantir surges on outlook for earnings and software business ([more]() - US banks report best loan demand in 2 years ([more]() - Elliott breaks down Southwest ownership in new regulatory filing ([more]() DEALFLOW M+A | Investments - Quantum Capital to buy Cogentrix for $3B in bets power demand rising ([more]() - David Beckham-backed Guild Esports set for takeover by DCB Sports ([more]() - L'Oreal acquires 10% stake in dermatology company Galderma ([more]() - SocGen to sell UK, Swiss private bank units for about $1 bln ([more]() - Hims to buy compounding pharmacy to make weight-loss drugs ([more]() - Woodside to buy Texas Clean Ammonia Project for $2.4B ([more]() - Accenture acquired Bolsan, a provider of management services for large infrastructure projects ([more]() - ECI Software Solution, cloud-based business management software, acquires ProfitKey International LLC, an ERP platform for discrete manufacturers ([more]() - Intellias, a software engineering and digital consulting company, acquired NorthLink Digital, an IT consultancy for financial services and insurance ([more]() - OppFi, a mission-driven specialty fintech platform, announced acquired 35% equity interest in Bitty Advance, a credit access company ([more]() - Vital Care, a franchisor of infusion therapy pharmacies, received a strategic investment (amount was not disclosed) ([more]() VC - Groq, a company specializing in fast AI inference, has secured a $640M Series D, at $2.8B valuation ([more]() - Muon Space, an end-to-end space systems provider, raised $56M in Series B funding ([more]() - Savvy Wealth, a digital-first platform for financial advisors, raised an additional $15.5M funding ([more]() - Amlogenyx, Inc., a subsidiary of Ultragenyx Pharmaceutical, Inc. researching therapies for Alzheimer’s other amyloid diseases, completed a seed funding round of $14M ([more]() - Hedra, a provider of AI-powered tools for generating video content with human characters, raised $10M in seed funding ([more]() - Hyperbolic, a provider of GPU resources and AI services through a cloud platform, raised $7M in seed funding ([more]() - NanoHive Medical, a company specializing in 3D-printed titanium spinal interbody fusion devices, raised $7M in Series C funding ([more]() - Skillfully, a company specializing in simulation-driven hiring solutions, raised $2.5M in seed funding ([more]() - LoanBYE, a company providing student loan relief solutions as an employer benefits package, received a 300K investment ([more]() CRYPTO - Bitcoin crashes to $50K as 'perfect storm' hits crypto market ([more]() - Bitcoin and Ether ETFs battered amid global selloff in equities ([more]() - Crypto ETF complex hit by selling spree in first big stress test ([more]() BULLISH BITES 🚨 Free Download:[How to Profit in a Collapsing Market]( * 💔 Break Up: OpenAI co-founder Schulman [leaves for Anthropic](, Brockman takes extended leave. 🔎 Inside Look: Why Starbucks is [losing]( customers. 🔥 Hot List: 38 startups have become unicorns so far in 2024: [Here’s the full list](. 👜 China Luxe: A [new generation]( of premium brands is taking made-in-China upscale. DAILY SHARE [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] It’s not a loss until you sell 10:04 PM • Aug 5, 2024 3.4K Likes 210 Retweets 40 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] Forget the market. My daughter just got home, gave me a hug, and said she loves me. Today was a good day. 8:10 PM • Aug 5, 2024 2.91K Likes 59 Retweets 139 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] 2:12 PM • Aug 5, 2024 12.5K Likes 671 Retweets 37 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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