💼 Musk pitches new role

PLUS - Wall Street mixed ahead of economic data -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 13, 2024 | [Listen Online]( | [Read Online]( TOGETHER WITH First time here? [Sign up]([»]( Good morning. The Fast Five → [Wall St mixed]( ahead of economic data, Trump calls for [presidential influence]( on Fed policy, [Musk pitches role]( for himself in Trump White House, GM cuts jobs in China, and S&P and Moody's [downgrade JetBlue]( … 💰 [See why Americans are turning to gold in 2024 »]( - a message from All American Assets Poll: Should a president influence Fed policy? [NO]( | [YES]( Calendar: (all times ET) - Full calendar [here]( - Today: Producer price index (PPI), 8:30 AM - Tomorrow: Consumer price index (CPI), 8:30 AM Your 5-minute briefing for Tuesday, August 13: BEFORE THE OPEN As of market close 8/12/2024. Pre-Market: US Investor % Bullish Sentiment: ↓40.54% for Wk of August 08 2024 Last week: 44.88%. Updates every Friday. Market Wrap: - Stock futures mostly flat Monday night - Monday’s session: S&P flat, Nasdaq +0.21%, Dow -0.36% - Major averages rebounded last week after Monday’s sharp drop - Focus on PPI (today) and CPI (tmrw), both expected to rise 0.2% in July - Retail sales data later this week under scrutiny EARNINGS Here’s what we’re watching this week: - Today: - [Home Depot (HD)]( - earnings of $4.52 per share (-2.8% YoY) on $43.1B revenue (+0.05% YoY) - Wednesday: Dole ([DOLE](), UBS ([UBS]() - [Cisco (CSCO)]( - analysts predict a 21.3% drop in earnings to $.85 per share on $13.5B revenue (-6.3% YoY) - Thursday: Alibaba ([BABA](), Tapestry ([TPR]() - [Walmart (WMT)]( - earnings of $.64 per share (+14.3% YoY) on $168.5B revenue (+4.3% YoY) Full earnings calendar [here](. TOGETHER WITH ALL AMERICAN ASSETS Welcome to the Financial Rollercoaster of 2024 …where inflation is relentless, stock markets are inflated, and global conflicts are escalating. Under the current disastrous policies, our savings are being devalued faster than ever. Protecting your wealth has never been more urgent. That's why we've created [3 Essential Guides]( to help you navigate these uncertain times and ensure your savings last as long as you do. This free, comprehensive kit includes: [Claim Your Complimentary Kit Now ➔]( Time is of the essence. Protect your nest egg today. -Randy Allen, Vice President All American Assets - sponsored message - HEADLINES [Musk Pitches Role for Himself in Second Trump White House]( Musk blames cyber attack for 40-minute delay to event. Audience for GOP nominee, world’s richest man hits 1.3 million. [Trump, Vance Double Down on Call for Presidential Influence on Fed Policy]( Donald Trump said last week that the president “should at least have a say” in monetary policy. Sen. JD Vance, Trump’s running mate, backed that position. - Wall St mixed ahead of economic data; CPI in focus ([more]() - Falling commodity prices indicate trouble brewing with the economy ([more]() - US consumer medium-term inflation expectations drop ([more]() - Dollar tenses for data verdict on rate cut risks ([more]() - Crude oil rallies over 4% as Pentagon sends more forces to Middle East ([more]() - Thousands of bankers quitting their jobs in India ([more]() - S&P and Moody's downgrade JetBlue amid $3 bln debt raise, shares sink ([more]() - B. Riley struggles to value its assets as SEC steps up scrutiny ([more]() - GM cuts China jobs as it resets in world’s biggest car market ([more]() - Starbucks and activist Elliott met last week to discuss settlement ([more]() - Adani Group shares shed billions after Hindenburg allegations ([more]() - Spirit Aero CEO Shanahan to get $28.5M ‘golden parachute’ ([more]() DEALFLOW M+A | Investments - Eli Lilly sells $5 billion of bonds to fund Morphic deal ([more]() - WSP buys Idaho engineering firm in $1.8B energy transition bet ([more]() - Tourmaline Oil to acquire Crew Energy for $947 million ([more]() - Canada's Scotiabank buys 14.9% stake in US lender KeyCorp for $2.8B ([more]() - India's Bharti to buy 24.5% stake in BT from Altice ([more]() - Janus Henderson to buy Victory Park Capital in private credit expansion ([more]() - Consello Capital acquired EHE Health, a network provider of preventive healthcare ([more]() - Fulcrum IT Partners, an international IT solutions provider, acquired Fortress SRM, a company providing cybersecurity solutions ([more]() - Janus Henderson Group, a global active asset manager, acquired a majority stake in Victory Park Capital Advisors, a global private credit manager that provides solutions to businesses ([more]() - UFS, a technology outfitter for community banks, acquired Safe Systems, a provider of IT and security services ([more]() - Lukka, a global blockchain data provider, received an investment from Animoca Capital ([more]() - Prana Thoracic, a medtech startup, received investment from cultivate(MD) ([more]() VC - RŌZ, a haircare line made by celebrity hairstylist Mara Roszak, raised an undisclosed amount in Seed funding ([more]() - Halda Therapeutics, a biotech company developing cancer therapies, raised $126M in Series B extension ([more]() - UptimeAI, a provider of AI-based plant monitoring software for industrial businesses, raised $14M in Series A funding ([more]() - Bandana, a startup that empower workers and give them the tools and resources they need to take control of their work and their lives, confirmed they raised $8.5M in funding ([more]() - Kano Therapeutics, a biotech company advancing single-stranded DNA (ssDNA) as a flexible biomolecule for gene insertions, raised $5M in Seed funding ([more]() - Cosine, a human-like, AI software developer, raised $2.5M in funding ([more]() - Hyperbots, an AI-powered fintech startup, raised $2M in seed funding ([more]() CRYPTO - Bitcoin miner Marathon to sell notes to buy more Bitcoin ([more]() - XRP bullish options' popularity jump may be due to ETF speculation ([more]() - Bitcoin nears $58K as market slides ahead of busy data week ([more]() - Kamala Harris pulls well ahead of Trump on Polymarket ([more]() BULLISH BITES 💰 Inflation & Global Conflict: [How to protect your wealth]( * 📲 The Buzz: What to expect from [Google’s Pixel 9 event](. 🏚 Curb Appeal: It was a hot real estate trade. Now [investors are worried](. 💸 Survey Says: Gen X fears [running out]( of money more than death. 😳 Click ‘Buy’: A $19,000 [tiny home]( with chic roof deck can be yours — on Amazon. DAILY SHARE [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] Place a man a trade and he will lose money for a day. Teach a man to trade and he will lose money for a lifetime. 3:05 PM • Aug 12, 2024 3.32K Likes 219 Retweets 111 Replies [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] this is why we buy #bitcoin 6:36 PM • Aug 12, 2024 814 Likes 168 Retweets 123 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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