💼 Nike benches CEO

PLUS: Stocks get post-Fed rally -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 September 20, 2024 | [Listen Online]( | [Read Online]( In partnership with Good morning. The Fast Five → Stocks get [post-Fed rally](, Fed's jumbo cut signals [recalibration](, [Nike replaces CEO]( with company veteran, [Apple Intelligence]( is now live in public beta, and Buffett’s remaining $34B [BofA stake]( is now pure profit… 🚀 Breakthrough: [Billions are flowing into weird Appalachian technology »]( * A message from Porter Stansberry Calendar: (all times ET) - Full calendar [here]( - Today: [none scheduled] - Monday: S&P flash US services PMI, 9:45 am S&P flash US manufacturing PMI, 9:45 am Your 5-minute briefing for Friday, September 20: BEFORE THE OPEN As of market close 9/19/2024. Pre-Market: US Investor % Bullish Sentiment: ↑ 50.83% for Week of September 19 2024 Last week: 39.80%. Updates every Friday. Market Wrap: - Dow futures flat after record close, boosted by Fed cut. - FedEx dropped 11% on earnings cut; Nike up 7% after CEO change. - S&P above 5,700; Dow hit 42,000, both record highs. - Jobless claims beat expectations at 219K, supporting Fed cut. - Major averages on track: S&P up 1.6%, Dow 1.5%, Nasdaq 1.9%. EARNINGS No earnings watched today. See full earnings calendar [here](. HEADLINES [Stocks Get Post-Fed Rally]( Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates. [Nike CEO John Donahoe is Out]( Shares surged in late trading in New York. Nike is in the midst of a $2 billion cost-cutting plan, including laying off 2% of its workforce. - Global stock rally also extends ([more]() - Fed's jumbo cut signals recalibration for America ([more]() - Fed’s dovish capitulation spurs new winners across ETF world ([more]() - Wall St’s $5.1 trillion triple-witching is next market test ([more]() - 10-year Treasury yield jumps as investors bet there’s no recession ahead ([more]() - Mortgage rates fall further, stoking housing optimism ([more]() - Oil set for weekly gain, focus on Middle East ([more]() - Market bull Tom Lee hesitant to jump into this post-Fed rally ([more]() - Largest east coast port starts prepping for first union strike since 1977 ([more]() - Apple Intelligence is now live in public beta ([more]() - Amazon introduces Amelia, an AI assistant for third-party sellers ([more]() - Trump faces a $2 billion decision over his social media empire ([more]() - Buffett’s remaining $34B Bank of America stake is now pure profit ([more]() TOGETHER WITH CompareCredit 2 Cards Charging 0% Interest Until 2026 Paying down your credit card balance can be tough with the majority of your payment going to interest. 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[Learn More]( DEALFLOW M+A | Investments - Uniper, ConocoPhillips agree to 10-year natural gas supply deal ([more]() - KKR, Axel Springer reach deal to break up the media giant ([more]() - Platinum Equity in talks to buy packaging maker Trivium ([more]() - Datamaran gets $33M investment from Morgan Stanley Funds ([more]() - Gruve, a startup specializing in AI-driven solutions, acquired NetServ, a provider of cloud services, AI, and network automation ([more]() - Easy Metrics, a labor analytics platform, acquired TZA, a labor management system ([more]() - CSI, an end-to-end financial software and technology, acquired Velocity Solutions, a company providing financial institutions customer retention solutions ([more]() - Planview, a platform for portfolio mgmt and digital product development, acquired Plutora, value stream mgmt and software delivery solutions ([more]() - CropX, a company specializing in digital agronomic solutions, acquired EnGeniousAg, advanced nitrogen sensing applications for agriculture ([more]() - Flourish Research, a multi-site clinical trial organization focused on therapeutic areas, received a majority investment from Genstar Capital ([more]() - Amperage Infrastructure Corporation, a broadband infrastructure investment company, received an investment from S2G Ventures ([more]() VC - Twelve, a company that converts captured carbon dioxide into essential products made from fossil fuels, raised $645M in funding ([more]() - Mercor, an HR Tech startup, closed a $30M Series A funding round, at a $250M valuation ([more]() - AtoB, a modern payment solutions company for the transportation industry, raised $130M in funding ([more]() - Virtuous, responsive fundraising software for nonprofits, raised $100M in funding ([more]() - Picus Security, a security validation company, raised $45M in funding ([more]() - Datamaran, a software analytics platform that identifies and monitors external risks, raised $33M in Series C financing ([more]() - LiquidStack, a company specializing in liquid cooling for data centers, raised $20M in Series B funding ([more]() - Rebelstork, a baby gear returns recommerce marketplace, raised $18M in Series A funding ([more]() - Fathom, an AI-powered meeting intelligence platform, raised $17M in Series A funding ([more]() - Hemi Labs, a developer of Web3 infrastructure, raised $15M in funding ([more]() - True Markets, a cryptocurrency platform, raised $9M in Seed funding ([more]() - Safire Technology Group, a Li-ion battery technologies company, raised $8M in Pre-Series A funding ([more]() - Harbor, an infant care technology company, raised $7M in Seed funding ([more]() - Cercle, an AI women’s healthcare data company, raised $6M in Seed funding ([more]() - Vana, a decentralized network for user owned data, raised $5M in strategic funding ([more]() - Opnova, a company specializing in IT, security, and compliance operations optimization, raised $3.75M in funding ([more]() - Canopie, a prevention-focused maternal health company, raised $3.7M in Seed funding ([more]() CRYPTO - Bitcoin pops to $63,000 as investors digest long-awaited rate cut ([more]() - Lawmakers say crypto legislation could come by year-end ([more]() - BlackRock releases a new report, "Bitcoin: A Unique Diversifier" ([more]() BULLISH BITES 📈 Breakout: [This technology could swing the election]( * 🥵 Drying Up: China's venture capital [collapse](. 🎬 Futurism: Lionsgate's new deal [is a test]( of Hollywood's relationship with AI. 🚲 Hustlers: A small band of New Yorkers are [gaming]( Citi Bikes and making up to $6,000 a month. 🧢 The Buzz: The fashion accessory [taking over]( the NFL. DAILY SHARE [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] It’s not the Fed cutting interest rates You are an amazing stock picker 3:58 PM • Sep 19, 2024 1.82K Likes 82 Retweets 27 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] Can’t wait to refinance my car loan from 19.99% to 19.74%. 2:15 PM • Sep 18, 2024 16.1K Likes 803 Retweets 388 Replies [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] 🤣🤣 3:58 PM • Sep 19, 2024 8.94K Likes 676 Retweets 265 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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