💼 Tesla tumbles

Tesla erases $145 billion in valuation… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 01, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Powell to hold policy news conference today at 2:30p ET ([watch it live](), [it’s a ‘no’]( from Biden for House GOP Israel aid package, Treasury announces new Series I bond [rate of 5.27%]( for next 6/mo., Tesla erases [$145 billion]( in valuation, and [WeWork]( set to file for bankruptcy next week… Here’s your 5-minute briefing for Wednesday: BEFORE THE OPEN As of market close 10/31/2023. MARKETS: - Stock futures slightly lower ahead of Fed policy decision. - Yum China Holdings down 9.2% after missing revenue estimates. - Match Group falls 6.9% on disappointing revenue guidance. - Advanced Micro Devices beats earnings and revenue estimates. - Fed expected to maintain rates after policy meeting today. - Chair Jerome Powell's news conference to follow at 2:30p ET. - Stocks rally this week after downbeat October. - First three-month losing streak for Dow and S&P 500 since March 2020. - Investors watch for impact of higher bond yields. EARNINGS - Today: Airbnb (AIR), DuPont (DD) - Thursday: Apple (AAPL), DraftKings (DKNG), Palantir Technologies (PLTR), Starbucks (SBUX) - [Full earnings calendar here]( NEWS BRIEFING [Here’s Everything to Expect From the Fed’s Policy Announcement Today]( What investors will watch are the signals that come from Chair Jerome Powell and the rest of the Federal Open Market Committee about where they’re leaning for the future. [Treasury Department Announces New Series I Bond Rate of 5.27% for the Next Six Months]( Series I bonds, an inflation-protected and nearly risk-free asset, will pay 5.27% through April 2024, the U.S. Department of the Treasury announced Tuesday. - Israel War Latest: - Deadly airstrikes hit Gaza refugee camp ([more]() - Biden would veto House GOP’s Israel aid package, White House says ([more]() - No ceasefire in Gaza, no votes, Muslim Americans tell Biden ([more]() - Biden administration to crack down on ‘junk fees’ in retirement plans ([more]() - 62% of Americans live paycheck to paycheck, making it ‘the main financial lifestyle’ among consumers ([more]() - Credit strength is baffling Fed watchers ahead of rate decision ([more]() - The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it’s all because of ‘higher for longer’ mortgage rates ([more]() - Japan ramps up Yen intervention warning after BOJ-fueled selloff ([more]() - China vows system to resolve local government debt risks ([more]() - Evergrande will struggle to revive its debt restructuring plan ([more]() - Druckenmiller says he has ‘massive’ bullish bets on 2-year notes ([more]() - JPMorgan says global outlook will limit Latin America’s interest rate cuts ([more]() - US seeks to block JetBlue, Spirit Airlines merger at trial ([more]() - WeWork plans to file for bankruptcy as early as next week ([more]() - SAG-AFTRA says sides remain ‘far apart’ on key strike issues ([more]() - Tesla erases $145 billion in valuation on demand woes ([more]() - Musk says Tesla aims to make 200,000 Cybertrucks a year ([more]() - Toyota more than doubles investment and job creation at North Carolina battery plant ([more]() - Silicon Valley elites ‘strong armed’ farmers to sell their land for a would-be tech utopia, lawsuit says ([more]() TOGETHER WITH CLICKUP Connect your teams in ClickUp. Turn TBD into EOD with [the world’s most powerful productivity tool](. With ClickUp, you can: Automate sprints and routine tasks, Streamline communication in one Workspace, Recover cash spent on multiple work apps! [Sign Up]( and switch to ClickUp in minutes! DEALFLOW - Vodafone to sell Spanish arm to Zegona for $5.3 billion ([more]() - Shield AI, a defense technology company building an AI pilot for aircraft, raised $200M in Series F funding which valued it at $2.7 billion ([more]() - Kasa Living, Inc., a tech-powered hospitality brand, closed a $70M Series C funding ([more]() - Alianza, a cloud communications platform for service providers, raised $61M in equity and debt financing ([more]() - Graylog, a security information and event management (SIEM) and log management company, raised $39M in funding ([more]() - Imagine Pharma, a biotech company focused on the commercialization opportunities related to its novel IMG-1 polypeptide, raised $32.5M in Series A funding ([more]() - Engine Biosciences, a company leveraging machine learning and biology to discover and develop precision oncology medicines, raised $27M in Series A extension ([more]() - Neuros Medical, a bioelectric technology company focused on alleviating chronic post-amputation pain and restoring quality of life, received $25M in Growth Capital ([more]() - Espresa, a provider of a personal benefits platform designed for global enterprises, raised $23M in Series A funding ([more]() - Charlie, a banking services company for 62+ community, raised $23M in Series A funding ([more]() - Access Vascular, a company addressing the vascular access complications via a biomaterial platform, raised $22M in Series C funding ([more]() - Guidde, a provider of a video documentation platform leveraging generative AI, raised $15.6M in funding ([more]() - GreenLite, a technology company that streamlines construction and development, is announcing its official public launch along with $8M in seed funding ([more]() - Connectly, a company specializing in conversational commerce, raised $7.85M in Series A funding ([more]() - ESG Flo, a provider of an AI-powered data infrastructure platform, raised $5.25M in Seed funding ([more]() - Cedar, a provider of a generative building design platform for housing and urban development, raised $3M in Seed funding ([more]() - iQ3Connect, a provider of a web-based immersive training and collaboration platform, raised a seed round of funding of undisclosed amount ([more]() - Aembit, a workload identity and access management (IAM) company, received an investment from CrowdStrike, via its strategic investment vehicle, the CrowdStrike Falcon Fund ([more]() - Mainstream Fiber Networks, an FTTP internet service provider, received an investment from Searchlight Capital Partners ([more]() - NaNotics, a preclinical-stage biopharmaceutical company, received an investment from LifeSpan Vision Ventures ([more]() - Princeton Equity Group invests in Pirtek ([more]() M & A: - Shein acquires British fast fashion brand Missguided ([more]() - Graycliff Partners acquired XCEL NDT, a US provider of non-destructive testing services for critical infrastructure assets in the petrochemical, pipeline and general industrial industries ([more]() - The Futurum Group, a global technology advisory, media and research firm, acquired Business Podcast Network, a media company known for its flagship show The Drill Down ([more]() - Aileron Therapeutics, Inc. (NASDAQ: ALRN) acquired Lung Therapeutics, Inc., a biopharmaceutical company focused on developing novel therapies for the treatment of orphan pulmonary and fibrosis indications that have no approved or limited effective treatments ([more]() - PE-backed Offen Petroleum buys Douglass Distributing’s Wholesale Business ([more]() - IKS Health acquires Aquity Solutions for $200M ([more]() - Vista, Blackstone purchase Energy Exemplar ([more]() - Davis-Standard buys Extrusion Technology Group ([more]() - Treasury Wine Estates acquires DAOU Vineyards ([more]() - Madison Dearborn Partners purchases Shaw Development ([more]() - DIG Capital Partners, EDF Invest buy Fjord1 ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Here are the key takeaways from SBF’s third day on witness stand ([more]() - Bitcoin’s big moves are being magnified by a protracted lack of liquidity ([more]() - Tokenized U.S. Treasury market grows nearly 600% to $698M as Crypto's RWA race intensifies ([more]() BULLISH BITES 🚀 Bernstein analysts are predicting that the price of [Bitcoin will surge]( to $150,000 by the middle of 2025 🙌 [Unions are winning]( big for the first time in decades 📢 Charlie Munger says there's not much '[low-hanging fruit]( left' as he discusses Apple, Costco vs. Walmart, and EVs ☀️ The solar-panel [backlash]( is here 👓 Audio: How [Warby Parker]( got its name (it only took 6 months and 2,000 names) DAILY SHARES [tw profile: sophie] sophie @netcapgirl [tw] idk if you’ve heard the news about wework but it lowkey has me wondering why didn’t we work? maybe i got ahead of myself, maybe i tried to make us into too big of a thing too quickly before we were ready for that. i guess you’re living in my head rent free these days haha, anyway Nov 1, 2023 405 Likes 27 Retweets 26 Replies [tw profile: Turner Novak 🍌🧢] Turner Novak 🍌🧢 @TurnerNovak [tw] I can’t believe this plan didn’t work Nov 1, 2023 673 Likes 30 Retweets 30 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] WeWork when they let Adam Neumann cook vs. WeWork without him Oct 31, 2023 71 Likes 3 Retweets 7 Replies Know someone who would enjoy this? 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