💼 Disney goes dark

PLUS - VW weighs first-ever Germany plant closures -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 September 03, 2024 | [Listen Online]( | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [VW]( weighs first-ever Germany plant closures, [Elliott]( now owns enough of Southwest Airlines to call special meeting, Disney networks [go dark]( amid ongoing feud, [Ford recalls]( 90,000 vehicles, and [HP to pursue]( $4 Billion damages after Mike Lynch yacht death… 📈 From All American Assets: [Claim your complimentary Gold & Silver Investors Guide]([»]( Friday’s poll: Can Intel survive? 🟨🟨🟨🟨⬜️⬜️ 👍 YES: Intel is too essential to fail (43%) 🟩🟩🟩🟩🟩🟩 👎 NO: They've blown too many opportunities (57%) Calendar: (all times ET) - Full calendar [here]( - Today: [no notable reports] - Tomorrow: US trade deficit, 8:30A Job openings, 10:00A Your 5-minute briefing for Tuesday, September 3: BEFORE THE OPEN As of market close 8/30/2024. Bitcoin as of 9/2/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 51.16% for Week of August 29 2024 Last week: 51.61%. Updates every Friday. Market Wrap: - Dow closed at a record high, up 228 points (+0.55%). - S&P +1.01%, Nasdaq +1.13%. - Fed’s inflation gauge (PCE) rose 0.2% in July, 2.5% YoY. - August: S&P +2.3%, Dow +1.8%, Nasdaq +0.7%. - S&P recovered after early August sell-off, down 7.3% at lows. EARNINGS Here are the earnings we’re watching this week: - Wednesday: ChargePoint ([CHPT](), Hewlett Packard ([HPE]() - [Dick's Sporting Goods (DKS)]( - earnings of $3.82 per share (+35.4% YoY), on $3.4B revenue (+6.3% YoY) - [Dollar Tree (DLTR)]( - earnings of $1.04 per share (+14.3% YoY) on $7.5B revenue (+2.7%) - Thursday: DocuSign ([DOCU]() -  [Broadcom (AVGO)]( - earnings of $1.20 per share (+14.3% YoY) on $13.0B revenue (+46% YoY) Full earnings calendar [here](. HEADLINES [VW Weighs First-Ever Germany Plant Closures to Cut Costs]( German automaker plans are another blow to Scholz’s government. EV slowdown, jittery Europe consumers weigh on manufacturers. [Elliott Now Owns Enough of Southwest Airlines to Call Special Meeting]( The prominent activist hedge fund, which had taken an 11% economic stake in Southwest through derivatives, converted enough of its holdings into common shares to cross the 10% threshold. - Stocks tiptoe towards US manufacturing, jobs data ([more]() - Oil steady as China demand concerns offset Libyan disruptions ([more]() - JPMorgan economist: China’s housing market crash is still not over ([more]() - HP to pursue $4 Billion damages after Mike Lynch yacht death ([more]() - Disney networks go dark on DirecTV amid ongoing feud ([more]() - Ford recalls 90,000 vehicles over engine intake valves ([more]() - CrowdStrike faces onslaught of legal action from faulty software update ([more]() - Weight loss drugs cut Covid-19 deaths, study finds ([more]() - Musk to celebrate Meloni as Italy eyes space sector investment ([more]() - Rupert Murdoch’s property group considers bid for UK’s Rightmove, sending shares 21% higher ([more]() - Chinese consumer brands look to crack the global market with Singapore as a testbed ([more]() FROM ALL AMERICAN ASSETS Get Your Complimentary Gold & Silver Investors Guide — Protect your savings from inflation, bank failures, and Central Bank digital currency… [Send my Gold & Silver Investors Guide at no charge »]( - sponsored message - DEALFLOW M+A | Investments - Rupert Murdoch’s property group considers bid for UK’s Rightmove, sending shares 21% higher ([more]() - Blackstone buys stake in $1.2B European logistics fund ([more]() - Adani Ports acquires offshore shipping firm for $185M ([more]() - Chinese EV maker BYD to buy German car distributor Hedin Electric ([more]() - eProductivity Software, a company specializing in technology for the print and packaging industries, acquired EPMS, a print and packaging company ([more]() - ImageTrend, a company that transforms incident data into actionable intelligence, acquired FlowMSP, a provider of a pre-incident planning platform ([more]() - Crafty Apes, a visual effects company, received a strategic investment of undisclosed amount ([more]() VC - Knowde, a chemical software company, raised $60M in Series C funding ([more]() - Pylon, a provider of a support platform for B2B companies, raised $17M in Series A funding ([more]() - ThinkCyte, a biotech company developing scientific instruments, raised an additional $15M in the extension round, bringing the total Series C to $32M ([more]() - Peregrine Exploration, a blockchain development and research company, raised $3.6M in funding ([more]() - Approveit, a provider of an operations and automation platform for businesses, raised $1M in funding ([more]() CRYPTO - Key week for Bitcoin and the dollar index ([more]() - Beware of a Bitcoin backslide to $50,000 as it enters historically worst month of the year ([more]() - Crypto firm OKX hires former Grab exec to be Singapore CEO ([more]() BULLISH BITES 💰 Inflation and Global Conflicts: [How to protect your wealth]( * 💻 Beyond Google: Here are some [search engines]( worth checking out. 🌉 Homecoming: Y Combinator’s Gen Z founders are [coming back]( and learning to love San Francisco. 🏫 Move Over, Harvard: This California university is the [hardest]( school to get into in America. 🏴‍☠️ Treasure: [Rare coin from 1776]( found in bottom of toffee tin to sell at auction. DAILY SHARE [tw profile: sophie] sophie @netcapgirl [tw] it’s called “founder mode” it’s about how to run your company as a founder and how that often goes against traditional management practices. it’s basically what i already do but paul graham created a cool name for it in his latest essay. you know who paul graham is? y combinator? 8:37 PM • Sep 2, 2024 2.26K Likes 125 Retweets 48 Replies [tw profile: Alex Cohen 🤠] Alex Cohen 🤠@anothercohen [tw] Morning standup with my two most productive coworkers. Get after it this week 💪 4:27 PM • Sep 2, 2024 1.41K Likes 54 Retweets 33 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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