💼 Unwinding of carry trade

PLUS - Intel sued by shareholders -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 08, 2024 | [Listen Online]( | [Read Online]( /8First time here? [Sign up]([»]( Good morning. The Fast Five → [Intel sued]( by shareholders alleging securities fraud, JPMorgan says [three quarters]( of global carry trade unwound, Warner Bros. Discovery takes massive [$11.2B in write-downs](, Disney flags [startling shift]( in consumer behavior, and [Dimon]( still sees a recession on the horizon … 💡 Google CEO: [This Is likely Bigger than Electricity »]( - a message from Chaiken Analytics Calendar: (all times ET) - [full calendar]( - Today: Initial jobless claims, 8:30 AM - Tomorrow: no notable events Your 5-minute briefing for Thursday, August 8: BEFORE THE OPEN As of market close 8/7/2024. Pre-Market: US Investor % Bullish Sentiment: ↑44.88% for Wk of August 01 2024 Last week: 43.17%. Updates every Friday. Market Wrap: - Stock futures dipped Wednesday evening - Earlier rally fizzled, S&P fell 0.77%, Nasdaq -1.05%, Dow -234 points - Avg’s declined in four of the past five sessions - Volatility expected from economic concerns, geopolitical conflict, elections - Monday's sell-off linked to slowing job growth; today jobless claims in focus - Warner Bros. Discovery and Bumble fell on weak Q2 revenue EARNINGS Here’s what we’re watching: - Today: Eli Lilly ([LLY](), Paramount Global ([PARA](), PENN Entertainment ([PENN]() Full earnings calendar [here](. A Tech 7.5x Bigger Than the Internet Economy? A new technology is about to go mainstream – one Google's CEO has praised as more "profound" than fire or electricity. [Get the details here...]( - sponsored message - HEADLINES [Intel Sued by Shareholders Alleging Securities Fraud]( Intel was sued Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, suspend its dividendk and cut its workforce by 15%. [JPMorgan Says Three Quarters of Global Carry Trades Now Unwound]( Three-quarters of the global carry trade has now been removed, with a recent selloff erasing this year’s gains. - Traders brace for more S&P volatility after jobless claims ([more]() - Traders lose billions on big volatility short after stocks rout ([more]() - Dimon still sees a recession on the horizon ([more]() - Asia markets mixed as Wall Street recovery stalls ([more]() - Dollar down as rate cut bets rise, yen surges ([more]() - China’s move away from the USD ([more]() - Oil prices tick up on sharp fall in US crude inventories ([more]() - 30-yr mortgage rate drops on weak jobs data ([more]() - Politicians join customers in pushing companies to cut prices ([more]() - Warner Bros. Discovery takes massive $11.2B in write-downs ([more]() - Disney flags startling shift in consumer behavior at theme parks ([more]() - Passengers sue Delta following massive IT outage ([more]() - Gig economy emerges as a bright spot amid gloomy tech earnings ([more]() DEALFLOW M+A | Investments - KKR plans Fuji soft bid in $4B take-private deal ([more]() - SoftBank unveils $3.4B buyback as son hunts for AI deals ([more]() - Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem ([more]() - WPP sells $775M stake in PR firm FGS Global to KKR ([more]() - C Infinity Solutions LLC, a tech consulting firm, merged with Corgibytes LLC, a software development company ([more]() - Celero Commerce, a financial services company, acquires Sona, provider of electronic payments to businesses across Canada ([more]() - Cherry Bekaert, an assurance, tax, and advisory firm, acquired Kerr Consulting, a business applications and cloud tech provider ([more]() - CloudBees, a software development platform for enterprises, acquired Launchable, an AI-augmented approach to QA ([more]() - Enverus, a SaaS company that leverages gen AI across its solutions, acquired BidOut, an AI-powered procurement platform ([more]() - Exiger, a supply chain and third-party risk AI company, acquired logistics intelligence platform XSB ([more]() - Linked Eats, delivery revenue mngmt software for restaurants, acquired Sauce Technologies, AI solutions for digital-ordering ([more]() - OPSWAT, a provider of critical infrastructure cybersecurity solutions, acquired InQuest, a cybersecurity solutions provider ([more]() - BioGliph, a startup biotech software company, received a minority investment from Dotmatics ([more]() - Clear Demand, an AI Price and Promotion Optimization software provider, received a strategic investment from M33 Growth ([more]() - Salt & Stone, a fragrance-driven body care brand, received an investment from Humble Growth ([more]() - Vivace International Corp, a manufacturer of propulsion tanks for space and defense applications, received a growth investment from Cerberus ([more]() VC - Anduril raises $1.5B at a $14B valuation ([more]() - 3V Infrastructure, an electric vehicle charging infrastructure owner and operator, raised up to $40M in funding ([more]() - Neon, a Postgres database for developers, raised $25.6M in funding ([more]() - Anjuna, the creator of Anjuna Seaglass, the universal confidential computing platform, raised $25M in Series B2 funding ([more]() - Datch, AI technology for frontline manufacturing, energy and utility sectors, raised $15M in Series A funding ([more]() - Napkin, visual AI for business storytelling, raised $10M in seed funding ([more]() - Energy Domain, a tech online marketplace, raised $5M in Series A funding ([more]() - Carketa, a provider of end-to-end data and intelligence software for the auto industry, raised $4.4M in funding ([more]() - Avoli, an athletic brand dedicated exclusively to women and girl volleyball athletes, raised $2.1M in funding ([more]() CRYPTO - Ripple Labs ordered to pay $125M penalty, fraction of SEC claim ([more]() - Ether pulls back again following slight rebound with other risk assets ([more]() - MicroStrategy’s Saylor says he personally owns $1 Billion in Bitcoin ([more]() BULLISH BITES 🚨 Trending:[Â]([This Wall Street stock prediction just went viral]( * 📉 Inside Look: Intel was once a Silicon Valley leader. [How did it fall so far](? 🔎 Opinion: The dollar's [days as a universal reserve]( currency are numbered. 🤖 Disrupted: AI is poised to [upend]( India's massive outsourcing industry. 🚴‍♀️ New Toy: [Ford just unveiled]( e-bikes inspired by the Bronco and the Mustang. DAILY SHARE [tw profile: sophie] sophie @netcapgirl [tw] private equity partners landing in the midwest, ready to acquire a family owned business they have no idea how to run 10:40 PM • Aug 7, 2024 5.05K Likes 208 Retweets 42 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] There is no bigger red flag than the CEO of a public company telling you it’s a good time to buy 2:49 PM • Aug 7, 2024 600 Likes 19 Retweets 22 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] My accountant after seeing that I placed 57,987 trades last year just to make $23 in profit 12:38 PM • Aug 7, 2024 12.2K Likes 665 Retweets 124 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. 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