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Yellen says U.S. can afford financial support to both Israel and Ukraine... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 October 17, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Blinken emphasizes ‘[deep commitment](’ to Israel after talks, [Biden to visit Israel]( tomorrow in effort to avoid escalation, [Yellen]( says U.S. can afford financial support to both Israel and Ukraine, [big-money funds]( are betting against credit, and time is running out for ‘[Year of the Bond](’ as losses mount… Here’s your 5-minute MarketBriefing for Tuesday: BEFORE THE OPEN As of market close 10/16/2023. MARKETS: - U.S. stock futures edge higher as earnings season progresses. - Dow, S&P 500, and Nasdaq rose despite higher Treasury yields. - Small caps, Russell 2000, gained 1.6%. - 53 S&P 500 companies and five Dow firms set to report earnings. - Notable reports today: Johnson & Johnson, Bank of America, Goldman Sachs, and Lockheed Martin. - Strong earnings from Charles Schwab and JPMorgan Chase boost market sentiment amid Israel-Hamas conflict concerns. - Fresh economic data includes retail sales, industrial production, housing market index, and business leaders survey. EARNINGS Here’s what we’re watching this week: - Today: Bank of America (BAC), Goldman Sachs (GS), Johnson & Johnson (JNJ) - Wednesday: Netflix (NFLX), TESLA (TSLA) - [Full earnings calendar here]( NEWS BRIEFING [Blinken Emphasises 'Deep Commitment' to Israel After Talks]([as Israel Prepares Offensive Into Gaza]( In his second visit to Israel since the deadly attacks by Hamas, Blinken met Israeli Prime Minister Benjamin Netanyahu and his war cabinet, as well as President Isaac Herzog. [Big-Money Funds Are Betting Against Credit While ETF Shorts Build]( Loomis, Legal & General think credit looks expensive. Spreads look narrow given tighter money supply, investors say. - Israel War Latest: - Tomorrow: Biden to visit Israel, Jordan to keep war from escalating ([more]() - 🚨 U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says ([more]() - 2,000 U.S. troops prep for possible deployment to Middle East ([more]() - Time is running out for the ‘Year of the Bond’ as losses mount ([more]() - Americans ♥️ Treasuries: reading Goldman’s flow report ([more]() - S&P 500 rally in Q4 "more likely than not" despite headwinds - Morgan Stanley ([more]() - 53% of Gen Z see high cost of living as a barrier to financial success. They’re ‘buckling down,’ BofA exec says ([more]() - American work-from-home rates drop to lowest since the pandemic ([more]() - Real estate brokers pocketing up to 6% in fees draw antitrust scrutiny ([more]() - Country Garden in final hours to avoid first dollar bond default ([more]() - US to tighten rules aimed at keeping advanced chips out of China ([more]() - Lululemon surges to 52-week high on plans to join S&P 500t ([more]() - In rare move, Ford chairman calls on UAW to make a deal and end ‘acrimonious’ talks ([more]() - Hollywood’s AI issues are far from settled after writers’ labor deal with studios ([more]() - Walmart staffed up for holidays; US retailers cautious about economy ([more]() - Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo here ([more]() - LinkedIn cuts 668 jobs in second layoff round this year ([more]() - Rolls-Royce set to cut 2,500 jobs in efficiency drive ([more]() - Spotify is launching a personalized in-app Merch Hub ([more]() - YouTube gets new AI-powered ads that let brands target special cultural moments ([more]() - UC Berkeley unveils plan for $2B space research center just 7 miles from Stanford ([more]() TOGETHER WITH INVESTORS BUSINESS DAILY Experience IBD for just $1 IBD Digital gives you an edge in the market with one-of-a-kind investing tools and analysis designed for investors at every level. [Try IBD Digital for one full month](. Here’s what you get… - Unlimited access to IBD Digital across platforms and devices - Access to 14 exclusive IBD stock lists - Proprietary investing tools & IBD ratings for 5,000+ stocks - Best-in-class training webinars, podcasts, videos and more [Don’t miss out]( on this limited-time offer you won’t find anywhere else! [Limited time offer. Try IBD Digital right here →]( DEALFLOW - Shield Capital, a venture capital firm, closed its inaugural fund, Shield Capital Fund I, L.P. , at $186M ([more]() - Mirantis, a company building and managing open cloud software infrastructure for developers, received $35M in Venture Loan from Horizon Technology ([more]() - Pantomath, a provider of a data pipeline observability and traceability platform, raised $14M in Series A funding ([more]() - Urban Sky, a stratospheric technology and remote sensing company, raised $9.75M in Series A funding ([more]() - Leucine, a digitalized pharmaceutical manufacturing company, raised $7M in Series A funding ([more]() - CuraSen Therapeutics, a clinical-stage company developing small molecule therapies to treat neurodegenerative disease, received up to $5.8M in investment from Alzheimer’s Drug Discovery Foundation (ADDF) ([more]() - AnySignal, a radiofrequency technology company, raised $5.0M in seed funding ([more]() - Blue Wolf Capital invests in Logistec ([more]() - FEP invests in Reliable Residential ([more]() - Godspeed Capital invests in Stengel Hill Architecture ([more]() - Aquarian partners with Obra Capital ([more]() - Aronora, a clinical-stage biotech company, received an investment from NYBC Ventures ([more]() - InfoBionic, a virtual telemetry company for cardiac remote patient monitoring, raised an undisclosed amount in the initial closing of its Series D funding ([more]() M & A: - Searchlight, BCI acquires Consolidated Communications ([more]() - Novo buys experimental heart drug for up to $1.3B ([more]() - Access Healthcare, a company specializing in revenue cycle management (RCM) and healthcare services, acquired Envera Health, a patient engagement services provider ([more]() - Precision Optical Technologies, a company specializing in optical networking technologies, acquired Opticonx, a manufacturer of fiber optic cabling components and systems ([more]() - Globe Life (NYSE: GL), a life insurance company acquired Evry Health, a business-to-business health insurance company ([more]() - Wind Point Partners buys Assisi Pet Care ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Cryptocurrencies rise, sending bitcoin over $30,000 at one point, on optimism for a new ETF ([more]() - Bitcoin whipsawed by false report claiming SEC approval of ETF ([more]() - FTX’s Gary Wang tells court Alameda got ‘special privileges’ to exchange’s funds ([more]() - Tether freezes 32 Crypto wallets holding $873,118 linked to terrorism and warfare in Israel, Ukraine ([more]() - Asia emerges as a promising haven amid the Crypto winter ([more]() BULLISH BITES ❓ Who Funds Hamas? A Global Network of Crypto, Cash and Charities → [Reuters]( 🚲 ‘People are Happier In a Walkable Neighborhood’: The US Community that Banned Cars → [TheGuardian]( A new housing development outside Phoenix is looking towards European cities for inspiration and shutting out the cars. So far residents love it. 📉 How Birkenstock’s Weak Debut Mistimed the Shaky IPO Market → [Bloomberg]( Bad timing on LVMH earnings undercut conservative pricing. Rubrik, Turo said among firms to put IPOs on slower track. DAILY SHARES [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] She actually said this, while we are running deficits over $2 trillion per year. Janet Yellen: US Treasury secretary says 'We can certainly afford two wars' Oct 16, 2023 10.4K Likes 3.7K Retweets 1.68K Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] There has never been a better mug in the history of mugs. Oct 16, 2023 217 Likes 16 Retweets 15 Replies [tw profile: TaraBull] TaraBull @TaraBull808 [tw] Anyone know what Bill Gates has been up to? Oct 16, 2023 2.97K Likes 626 Retweets 181 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 a comment or suggestion for MarketBriefing? We’d love to hear it! 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