💼 Fed's Rate Revelation

Interest Rates Now High Enough to Lower Inflation to 2%, Fed’s Bostic Says... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 October 11, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → [Biden condemns]( "‘terror and bloodshed’ by Hamas, Bostic says interest rates now high enough to [lower inflation]( to 2%, [Caroline Ellison]( says SBF directed her to commit crimes,, Europe’s [luxury stocks]( are going out of style, and Tesla launches wraps in [7 new colors](… Here’s your 5-minute MarketBriefing for Wednesday: BEFORE THE OPEN As of market close 10/10/2023. MARKETS: - Stock futures flat ahead of Wednesday's producer price index. - Dow, S&P 500, and Nasdaq-100 futures little changed. - Previous session saw stocks rise as Treasury yields eased. - 10-year Treasury yield falls by nearly 13 basis points to about 4.65%. - Wall Street monitors Israel-Hamas conflict and President Biden's remarks. - Upcoming producer price index report to provide insight into inflation. - Federal Reserve meeting minutes and Thursday's consumer price index report on traders' radar. EARNINGS Here’s what we’re watching this week: - Thursday: Delta Air Lines (DAL) - Friday: Wells Fargo (WFC), BlackRock (BLK), Citigroup (C) - [Full earnings calendar here]( NEWS BRIEFING [Biden Condemns ‘Terror and Bloodshed’ by Hamas, Says the U.S. Will Continue To Support Israel]( “The brutality of Hamas, its bloodthirstiness, brings to mind the worst, worst rampages of ISIS. This is terrorism,” President Joe Biden said. “Sadly for the Jewish people, this is not new.” [Caroline Ellison Testifies SBF Directed Her to Commit Crimes]( She says he knowingly moved $14 billion of FTX customer funds. Former Alameda CEO says romance created ‘awkward situations’. - Interest rates now high enough to lower inflation to 2%, Fed’s Bostic says ([more]() - Hamas got around Israel’s surveillance prowess by going dark ([more]() - A brief history of Gaza's 75 years of woe ([more]() - Dollar slips as dovish Fed speak dials down rate expectations ([more]() - Treasury Department aims to make it easier to get $7,500 EV tax credit in 2024 ([more]() - Americans have saved hundreds of billions more than previously thought ([more]() - Citi’s mega metals trade shows global markets turning to glut ([more]() - Coal industry faces 1 million job losses from global energy transition ([more]() - China targets 50% boost in computing power as AI race with U.S. ramps up ([more]() - China's Country Garden warns it could fail to pay offshore debt obligations ([more]() - Europe's Luxury stocks at risk of going out of style ([more]() - Wall Street's famous fear gauge (VIX) is muted by options strategy ([more]() - Birkenstock prices IPO within range at $46 a share ([more]() - Exxon in talks to pay more than $250 a share for Pioneer ([more]() - Tesla Cybertruck to see 100-120k deliveries in 2024 ([more]() - Tesla launches wraps for Model 3 and Y in seven new colors ([more]() - Walmart expands online healthcare benefits for US employees ([more]() - Adobe's newest AI is like magic eraser on steroids ([more]() - Tourism resumes in West Maui, but some residents say it’s too soon ([more]() DEALFLOW - Precede Biosciences, a biotechnology company providing a blood-based approach to revealing disease-defining transcriptional biology, emerged from stealth with $57M in funding since inception ([more]() - Pair Eyewear, a direct-to-consumer customizable eyewear brand, raised $75M in Series C funding ([more]() - Saronic, a maritime autonomy company focused on surface vessels, raised $55M in Series A funding ([more]() - Gutsy, a cybersecurity company raised $51M in Seed funding ([more]() - TileDB, a company providing open-source tools for data management, raised $34M in Series B funding ([more]() - Erthos, a utility-scale solar company, raised additional $24M in Equity funding ([more]() - Commons Clinic, a provider of a health system offering care for spine, orthopedics, and pain management, raised $19.5M in Series A funding ([more]() - Optimize Health, a provider of a remote patient management platform, raised $18M in Series B funding ([more]() - Thread (formerly known as Airtonomy), a company specializing in enterprise-scale autonomous data collection for delivering precise inspection insights, raised $15M in Series A funding ([more]() - SuperOps.ai, a provider of an AI-powered IT management SaaS platform, raised $12.4M in Series B funding ([more]() - Arctop raises $10M in Series A Funding ([more]() - Korio, a Randomization & Trial Supply Management (RTSM) company, raised $6.8M in funding ([more]() - Deta, a tech R&D startup dedicated to building a personal computer in the cloud , raised $3.6M in Seed funding ([more]() - MDisrupt, a marketplace for the healthtech industry, raised $3M in Seed funding ([more]() - Plan Forward, a dental software company, raised $2M in Seed B funding ([more]() - Fantix, a privacy safe AI model development startup, raised $1.6M in first funding ([more]() - Aliro Quantum, a company developing entanglement-based quantum networks, completed a funding round in undisclosed amount ([more]() - GuidePoint Security, a company providing cybersecurity solutions, raised growth funding from Audax Private Equity ([more]() M & A: - Huron Capital acquires RK Electric ([more]() - BharCap Partners buys ArmStrong RM ([more]() - EP Wealth Advisors purchases Foothills and Marble ([more]() - Ara Partners buys Vacuumschmelze ([more]() - Apax Funds acquire Bazooka Candy Brands ([more]() - Market Maker GTS buys foreign-exchange trading unit from HC Tech ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Hamas-linked Crypto accounts frozen by Israeli police, with Binance's help ([more]() - SBF’s Alameda minted $38B USDT to profit off arbitrage trading ([more]() - Bitcoin tightens grip on Crypto market in sign of cautious investor mood ([more]() BULLISH BITES 🪄 Has Bob Iger Lost the Magic? → [Bloomberg]( Disney’s legendary CEO came out of retirement to save the company—right in time for its 100th birthday. Nothing has gone his way. ✅ Buffett and Munger's Deputy on How He Impressed the Pair and Landed His Dream Job → [BusinessInsider]( 📱 Apple’s Latest iPhone Software Lets You Leave a FaceTime Video Voicemail. Here’s How to Do It → [CNBC]( DAILY SHARES [tw profile: Molly White] Molly White @molly0xFFF [tw] starting to think some of these courtroom sketch artists lost money on FTX Oct 11, 2023 3.18K Likes 283 Retweets 45 Replies [tw profile: Sandhill Markets] Sandhill Markets @sandhill_mkts [tw] The pitch deck versus the product Oct 11, 2023 248 Likes 22 Retweets 14 Replies [tw profile: poordart] poordart @poordart [tw] Vibe Oct 10, 2023 819 Likes 74 Retweets 48 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Subscribe Now]( Keep the curation going! [Buy the team a coffee]( ☕️ Have any suggestions for MarketBriefing? We’d love to hear it. 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