💼 The bet's off

Bill Ackman covers bet against Treasurys... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 October 24, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Israel pledges ‘[unrelenting attacks](’ on Hamas, [Bill Ackman]( covers bet against Treasurys, Chevron to buy Hess in oil [megadeal](, Amazon’s new humanoid robot could be a [watershed moment]( for the industry, and [Bitcoin soars]( to $35,000 on ETF optimism… Here’s your 5-minute briefing for Tuesday: BEFORE THE OPEN As of market close 10/23/2023. MARKETS: - Stock futures rise slightly ahead of tech company earnings. - Mixed session on Wall Street as 10-year Treasury yield remains a focus. - Dow and S&P 500 down 0.6% and 0.2%, Nasdaq up 0.3% on Monday. - Spotify, General Motors, and Coca-Cola report earnings before the bell. Alphabet and Microsoft report after market close. - Investors will keep an eye on Meta reporting Wednesday and Amazon on Thursday. IBM and Intel to report later in the week. - Approximately 30% of S&P 500 companies expected to report this week. - Earnings season has generally exceeded Wall Street expectations so far. - Economic data on services and manufacturing sectors expected today. EARNINGS Here’s what we’re watching this week: - Today: Microsoft (MSFT), Alphabet (GOOGL) - Wednesday: Meta Platforms (META) - Thursday: Amazon.com (AMZN) - [Full earnings calendar here]( NEWS BRIEFING [Bill Ackman Covers Bet Against Treasurys Saying ‘Too Much Risk In the World’ to Bet Against Bonds]( The hedge fund manager believes investors may increasingly buy bonds as a safe haven because of growing geopolitical risks. Ackman also added that he removed the short because of concern about the economy. [Bitcoin Hits $35,000 To the Highest Since 2022 on ETF Hopes]( Anticipation of a Bitcoin ETF grew after the court sided with Grayscale over the U.S. SEC in its bid to turn its huge GBTC bitcoin fund into an ETF. - Israel War Latest: - Israel pledges 'unrelenting attacks' on Hamas; US, Obama urge caution ([more]() - Hostage families face appalling dilemma as Gaza invasion looms ([more]() - War leaves Saudi Prince’s dream of a new mideast in tatters ([more]() - Ten-year U.S. Treasury yield hits 5% ([more]() - Republican search for new US House leader returns to square one ([more]() - Tesla says DOJ is probing personal benefits violations, vehicle range ([more]() - Retail credit card rates hit record high ([more]() - Bill Ackman covers bet against Treasurys, says ‘too much risk in the world’ to bet against bonds ([more]() - Goldman Sachs economists expect US home-price growth to slow next year ([more]() - BlackRock warns of US earnings stagnation, remains bullish on AI, Japan ([more]() - Chevron to buy Hess for $53 billion in latest oil megadeal ([more]() - VCs Marc Andreessen, John Doerr among among attendees at Schumer’s next AI forum ([more]() - Micron is building the biggest-ever U.S. chip fab, despite China ban In this article ([more]() - Amazon's new humanoid robot pilots could be a watershed moment for the industry ([more]() - Apple, caught by surprise in generative AI boom, to spend $1 billion per year to catch up ([more]() - Apple’s job listings suggest it plans to infuse AI in multiple products ([more]() - Oil giant quietly ditches the world’s biggest carbon capture plant ([more]() - Halloween chocolate is pricier this year as cocoa price soars to highest in 44 years ([more]() TOGETHER WITH COINSMART Bitcoin’s up. 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DEALFLOW - International Flavors & Fragrances mulls $3.5B sale of pharma unit ([more]() - Golden State Warriors legend Andre Iguodala has officially announced his retirement after a legendary 19-year career and launched Mosaic, a $200M venture capital fund ([more]() - HIG Capital weighs sale of sports media rights manager Sportfive ([more]() - Disney nears deal to sell $10-bln valued India business to Reliance ([more]() - Island, a leader in the enterprise browser market, raised $100M in its Series C financing round, which valued it at $1.5B ([more]() - Ternary, a provider of a multicloud spend management platform, raised $12M in Series A funding ([more]() - Creditly Corp., dba Credit Genie, a provider of a digital personal finance platform, raised $10M in funding ([more]() - Flash Pack, an adventure-travel company specializing in boutique trips for solo travelers in their 30s and 40s, raised $6.2M in funding ([more]() - Prism Data, a cash flow underwriting and data analytics platform provider, raised $5M in seed funding ([more]() - Basis, an AI platform for accounting firms, raised $3.6M in funding ([more]() - Revv, a software-as-a-service automotive repair diagnostics platform provider, emerged from stealth mode raising $2.1M in seed funding ([more]() - Laxis, a provider an AI assistant for revenue teams, raised $1.5M in seed funding ([more]() - Auction.io, a B2B SaaS provider of auction and e-commerce solutions, raised an undisclosed amount in funding ([more]() - Matter Bio, a longevity holding company focused on preserving genome integrity, received an investment from LifeSpan Vision Ventures ([more]() M & A: - Databricks, the $43 billion analytics firm, acquires data startup Arcion for $100 million ([more]() - GameSquare (NASDAQ:GAME), a digital media, entertainment and technology company, acquired FaZe Clan (NASDAQ:FAZE), a gaming, sports, culture and entertainment company ([more]() - Aurora Payments, a payment technology company, acquired VN Systems, a merchant services provider ([more]() - Alaya.bio, a vivo gene delivery biotech company, acquired all assets previously owned by Ixaka France, a preclinical-stage immunotherapy biotech company specializing in in vivo CAR T-cell therapy ([more]() - Ooma, a provider of a smart communications platform for businesses and consumers, acquired 2600Hz, a provider of a business communications applications targeted at resellers and carriers, for approximately $33M ([more]() - SEW, a company specializing in AI-powered connected customer (CX) and workforce (WX) experience industry cloud platforms, acquired GridExchange, a provider of a transactive energy software platform, from Alectra Utilities Corporation ([more]() - PicnicHealth, a patient-centered healthcare evidence generation company, acquired AllStripes, a platform dedicated to generating evidence about the rare disease community ([more]() - Teleo Capital will merge Sharpen Technologies, a provider of cloud-based contact center software, and Plum Voice, a leader in AI-powered voice-based customer interaction technology ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Michael Saylor's $4.7B Bitcoin bet back in the green ([more]() - Bitcoin history supports bulls after 10% weekly jump on ETF speculation ([more]() - SEC has 3%-14% chance of success in Ripple appeal, lawyers predict ([more]() - IRS proposes unprecedented data-collection on crypto users ([more]() BULLISH BITES 💰 Money Managers with $100 trillion start confronting [end of the bull market]( ☎️ [Telephone]( calls are turning into ‘appointment only’ 🤖  [Moody's]( has started using generative AI to create its reports ☕️ Order a Starbucks latté with [one push]( of an iPhone button 🎨 Now [anyone]( can create amazing content like a pro - [try Canva]( for free DAILY SHARES [tw profile: Sir Doge of the Coin ⚔️] Sir Doge of the Coin ⚔️ @dogeofficialceo [tw] Crypto mfs at work tomorrow Oct 24, 2023 316 Likes 37 Retweets 45 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] “Bill Ackman just closed his Bond Short.” Oct 23, 2023 228 Likes 13 Retweets 4 Replies [tw profile: sophie] sophie @netcapgirl [tw] “so most people buy bonds for a steady income stream but you speculate on if the rates will go up or down? i mean, i just… like how do you know? can you make a lot of money doing that? can you give me money?” Oct 23, 2023 253 Likes 5 Retweets 9 Replies Know someone who would enjoy this? 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