💼 Pressure is on

Nvidia gets DOJ subpoena -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 September 04, 2024 | [Listen Online]( | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Nvidia gets DOJ subpoena](, a conscious [uncoupling]( on Wall Street, the jobs report is back as [king](, firms [pile into]( bond market in busiest day on record, and Trump Media stock [slides]( to new low… 🚀 What’s Next in AI: [$1 Trillion AI Pivot Lures New Names »]( Calendar: (all times ET) - Full calendar [here]( - Today: US trade deficit, 8:30 AM Job openings, 10:00 AM - Tomorrow: Initial jobless claims, 8:30 AM Your 5-minute briefing for Wednesday, September 4: BEFORE THE OPEN As of market close 9/3/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 51.16% for Week of August 29 2024 Last week: 51.61%. Updates every Friday. Market Wrap: - S&P futures flat; Nasdaq -0.2%, Dow -19 points. - Nvidia drops 2% after DOJ subpoenas, following 9% dip. - Markets hit: Dow -600+, S&P -2.1%, Nasdaq -3.3%. - Sept. could be volatile; some see buying opportunities. 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 [Nvidia’s $240 Billion Swoon Leads Rout in Semiconductor Stocks]( Philadelphia Semi index notches worst day since March 2020. Nvidia’s solid earnings not enough to allay worries on AI. [A Conscious Uncoupling on Wall Street]( TPG quietly sold its stake in former credit arm Sixth Street for about $1 billion. - Major indexes drop on September worries, upcoming data ([more]() - The jobs report is back as the king of all economic releases ([more]() - Weak manufacturing measures raise specter of economic slowdown ([more]() - US small business surges, sentiment improves ([more]() - Nvidia gets DOJ subpoena as pressure ramps up ([more]() - Congress sets first hearing on CrowdStrike outage ([more]() - SEC: Six rating agencies to pay over $49M over recordkeeping failures ([more]() - Oil plunges as rising supplies, tepid demand intensify gloom ([more]() - Nikkei plunges 4%, leading losses in Asia after Wall Street plummets ([more]() - Firms pile into bond market in busiest day on record ([more]() - Gasoline slumps to 3-yr low on end of driving season, oil slump ([more]() - Citadel, Jane Street on track for record revenue haul ([more]() - Trump Media stock slides under $18, a new low ([more]() Nvidia Ex-Partners Soared up to 4,744%: $1T AI Pivot Lures New Names Nvidia's past collaborations have often benefitted both parties, with one rising as much as 4,744%. As Nvidia pivots to capitalize on a new $1 trillion opportunity in AI, fresh alliances are forming. Dr. Martin Weiss has pinpointed three silent partners that could play a crucial role in this phase of the AI boom. [Watch as Dr. Weiss unveils Nvidia's new partners in its game-changing $1T AI pivot »]( - sponsored message - DEALFLOW M+A | Investments - Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race ([more]() - Bain makes estimated $4.1B offer for Fuji Soft, topping KKR bid ([more]() - Subway eyes $2.3B asset-backed debt sale ([more]() - Codelco bids $500M for stake in key Chilean copper mine ([more]() - Sixth Street buys TPG Partners’ stake at $10B value ([more]() - Josh Harris’ 26North to buy ArchKey in first private equity deal ([more]() - California-based Clearlake to buy Natixis' private credit unit ([more]() - Formula 1 kicks off $850M loan sale for MotoGP deal ([more]() - Redwire Corporation, a space infrastructure for space economy company, acquired Hera Systems, a spacecraft development company ([more]() - T2S Solutions, product and solutions for US defense and intelligence missions, acquired Flexitech Aerospace, a radio-frequency engineering company ([more]() - GSE Worldwide, a company specializing in athlete talent management and sports marketing partnerships, received a strategic investment from BC Partners Credit and Gatemore Capital Mgmt ([more]() VC - Circle Pharma, a clinical-stage biopharmaceutical company, raised $90M in Series D funding ([more]() - Segmed, a provider of real-world imaging data for health innovation, raised $10.4M in Series A funding ([more]() - Oxylus Energy, a developer of novel carbon utilization technology for the production of e-fuels, raised $4.5M in Seed funding ([more]() - Blitzy, a GenAI company automating end-to-end custom software development, raised $4.4M in initial funding ([more]() - Champion, a provider of an AI-powered customer advocacy platform, raised $3.3M in Seed funding ([more]() CRYPTO - Crypto Tuesday crumble sends Bitcoin below $58K, Ether to 7-month low ([more]() - Record annual ETF cash haul within reach after sizzling August ([more]() - Riot says stronghold acquisition by Bitfarms is ‘concerning’ ([more]() BULLISH BITES 🤝 Revealed: [Nvidia's new partners in its game-changing $1T AI pivot]( * 📊 Inside Look: [These stocks]( typically have the best and worst Septembers. 🎲 High Stakes: NFL season expected to spur record $35 billion in legal [sports wagers](. 🇮🇹 Study Finds: For the price of a 500sq ft NYC apt, you could snag a [sprawling villa]( in Calabria, Italy. 🥃 Collector: Macallan releases its oldest, [rarest Scotch]( whisky yet for $190,000 a bottle DAILY SHARE [tw profile: Inverse Cramer (Not Jim Cramer)] Inverse Cramer (Not Jim Cramer) @CramerTracker [tw] JIM DOES IT AGAIN. LEGEND! [tw profile: Inverse Cramer (Not Jim Cramer)] Inverse Cramer (Not Jim Cramer) @CramerTracker Jim Cramer: “I think $NVDA can go even higher” There it is 12:37 AM • Sep 4, 2024 141 Likes 10 Retweets 11 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] Founder mode 6:34 PM • Sep 2, 2024 2.24K Likes 114 Retweets 55 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Remember GameStop? Remember RoaringKitty? 10:43 PM • Sep 3, 2024 321 Likes 11 Retweets 70 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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