💼 Smartphone face-off

PLUS - US argues Google created ad tech monopoly -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 September 10, 2024 | [Listen Online]( | [Read Online]( In partnership with Good morning. The Fast Five → [Trial Day 1](: US argues Google created ad tech monopoly, Apple event shows off iPhone 16 with [not-quite-ready]( AI, [Huawei’s trifold]( phone gets 3 million pre-orders ahead of Apple iPhone event, Disney’s ‘[playing hardball](' with DirecTV, and [Big Lots]( files for bankruptcy… 📈 [The $16 "insider secret" that could save your retirement »]( * Monday’s poll: How far will the Fed cut rates this month? 🟨🟨⬜️⬜️⬜️⬜️ 25 bps (30%) 🟩🟩🟩🟩🟩🟩 50 bps or higher (70%) First Comment: “Can’t increase by 50 bps before election, showing bias for incumbent administration!” - C.A. Calendar: (all times ET) - Full calendar [here]( - Today: [no notable] - Tomorrow: Consumer price index (CPI), 8:30 AM Your 5-minute briefing for Tuesday, September 10: BEFORE THE OPEN As of market close 9/9/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 45.33% for Week of September 05 2024 Last week: 51.16%. Updates every Friday. Market Wrap: - Stock futures slightly up: S&P +0.09%, Nasdaq +0.04%, Dow flat. - Oracle surged 8% on strong Q1 results, AWS partnership. - S&P, Nasdaq +1.16% Monday; Dow +484 points (+1.2%). - Investors bet on a Fed rate cut at Sept. 17-18 meeting. - CPI and PPI reports could move markets this week. - September’s weak seasonality, election uncertainty still concerns. EARNINGS Here’s what we’re watching this week: - Today: GameStop ([GME](), Petco ([WOOF]() - [Dave & Buster's (PLAY)]( - earnings of $0.84 per share (+40% YoY) on $560.7M revenue (+3.4% YoY) - Thursday: Kroger ([KR]() - [Adobe (ADBE)]( - earnings of $4.53 per share (+10.5% YoY) on revenue of $5.4B (+10.2% YoY) Full earnings calendar [here](. HEADLINES [Apple Event Shows Off iPhone 16 with Not-Quite-Ready AI]( IPhone 16 is first Apple smartphone designed around AI features. Google has showcased AI features to challenge Apple's dominance. [Huawei’s Trifold Phone Gets 3 Million Pre-Orders Ahead of Apple’s iPhone 16 Launch]( The Chinese smartphone maker has outpaced Apple in China since releasing its Mate 60 Pro smartphone series. - Trial Day 1: US argues Google created ad tech monopoly ([more]() - SEC penalizes 7 public companies for violating whistleblower protections ([more]() - Americans face credit hit as student debt goes delinquent again ([more]() - Morgan Stanley cuts oil forecast again as concerns deepen ([more]() - China’s deflationary spiral now entering dangerous new stage ([more]() - Goldman trading set to fall more than expected with 10% drop ([more]() - Apple’s iPhone 16 event: the 8 biggest announcements ([more]() - Palantir soars 14% on inclusion in S&P 500 ([more]() - Disney 'is playing hardball' with DirecTV over 'skinnier' bundles ([more]() - Big Lots files for bankruptcy protection, sells to private equity firm ([more]() - HSBC mulls merging commercial, investment bank to cut costs ([more]() - Coach-Versace union goes to court against Biden’s antitrust cop ([more]() A Message from Betterment Start earning today Turn out the lights on traditional savings accounts. With our [high-yield cash account](, your money is earning 11x the national average**. [Get started]( *The national average savings account interest rate is reported by the FDIC (as of 3/18/24) as the average annual percentage yield (APY) for savings accounts with deposits under $100,000. DEALFLOW M+A | Investments - Permira raises takeover offer for Squarespace to $7.2B ([more]() - Methanex to acquire OCI's methanol business in $2.05B deal ([more]() - Progress to buy cloud software unit ShareFile for $875M ([more]() - EQT to acquire GeBBS Healthcare Solutions for over $850M ([more]() - US lender NBT Bancorp to buy Evans Bancorp in $236M deal ([more]() - Big Lots sells business to Nexus Capital, begins bankruptcy proceedings ([more]() - PE firm CVC sweetens offer for Germany's Schenker ([more]() - Ingo Payments, account funding and disbursements solutions defined as Money Mobility, acquired Deposits, banking software tools and infrastructure ([more]() - Moody's Corporation (MCO), acquired Praedicat, a provider of casualty insurance analytics solutions ([more]() - Palylocity (PCTY), cloud-based HR and payroll software solutions, acquired Airbase, finance and spend management software solutions ([more]() - Bentley Systems (BSY), an infrastructure engineering software company, acquired Cesium, a 3D geospatial company ([more]() - AMCS, sustainability software for foundational industries, acquired Qv21 Technologies, fleet management and logistics SaaS solutions for short-haul, bulk commodity transportation ([more]() - Ncontracts, integrated compliance, risk, and vendor management solutions to the financial services industry, acquired Venminder, a platform for managing third-party risk ([more]() - Execupay, payroll and HR services for SMB’s, acquired Professional Payroll, payroll and HR services ([more]() - Indus Valley Partners, software and technology solutions, acquired IntegriDATA, alternative investment software solutions ([more]() - Absolute Security, a company specializing in enterprise cyber resilience, acquired Syxsense, automated endpoint and vulnerability management ([more]() - Branded, a digital consumer products platform, acquired Heyday, a digital brand creation company, to form a new company, Essor ([more]() VC - Candid Therapeutics, a biotech company dedicated to developing drugs to address autoimmune diseases, raised $370M in funding ([more]() - Superluminal Medicines, a company using generative biology, chemistry, and machine learning approaches to create medicines, raised $120M in Series A funding ([more]() - OrsoBio, Inc., a clinical-stage biopharmaceutical company developing treatments for obesity disorders, closed a $67M Series B financing ([more]() - MirrorWeb, a leader in the digital communications archiving and surveillance software space, raised $63M in funding ([more]() - CSA Medical, developer of The RejuvenAir®, a liquid nitrogen spray cryotherapy for the treatment of chronic bronchitis, raised $53M in Series D funding ([more]() - Mangomint, salon and spa software, raised $35M in Series B funding ([more]() - Bambusa Therapeutics, a biotech company developing antibodies for the treatment of immunological disorders, raised $15M in Seed funding ([more]() - Odigos, an eBPF-based observability platform, raised $13M in funding ([more]() - Citroniq Chemicals, a producer of carbon-negative materials, raised $12M in Series A funding ([more]() - PIN AI secures $10M from a16z CSX, Hack VC, and All-Star angels to launch open platform for personal AI ([more]() CRYPTO - Bitcoin rebounds from its worst week in more than a year, jumping above $57,000 ([more]() - A 0.50% Fed rate cut could raise alarm for Bitcoin, 10X research warns ([more]() - Michael Saylor says republicans have more 'progressive’ view on crypto, democrats ‘drifting to the Middle’ ([more]() BULLISH BITES 📈 Buffett, Dalio, Gates: [Why they covet this $16 AI stock]( * 🤖 FYI: Here’s the full list of [35 US AI startups]( that have raised $100M or more in 2024. ☕️ Damage Control: [Six issues]( Brian Niccol will have to fix at Starbucks as he takes over as CEO. 🚘 Bad News for EVs: Consumers [less likely]( to buy one compared to last year. 💼 Next Level: One company is using AI to [reinvent]( the B-school case study method. DAILY SHARE [tw profile: sophie] sophie @netcapgirl [tw] new iphone and then new iphone again then new iphone and then a new iphone 4:55 PM • Sep 9, 2024 1.5K Likes 49 Retweets 31 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] Apple just keeps making the same products over and over again thinking their customers will keep buying them. -Sent from my new iPhone 16 Pro Max 3:40 PM • Sep 9, 2024 13.9K Likes 1.06K Retweets 320 Replies [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] can't wait $AAPL 4:30 AM • Sep 10, 2024 164 Likes 17 Retweets 15 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 sponsor Disclaimer: Market Briefing© is a news publisher. 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