💼 XI in SF

Xi to meet US business execs for dinner in San Francisco… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 08, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → S&P, Nasdaq score longest [win streak]( in 2 years, Xi to meet US business execs for [dinner]( in San Francisco, Elon Musks’s [Neurolink]( now has FDA clearance to start surgery, [Biden approval]( falls to lowest level since April, and Hyundai to build US plant to make first [flying electric taxi’s](… Here’s your 5-minute briefing for Wednesday: BEFORE THE OPEN As of market close 11/7/2023. MARKETS: - U.S. stock futures flat after S&P 500 and Nasdaq extend winning streaks. - S&P 500 and Nasdaq record longest positive runs since November 2021. - Around 80% of S&P 500 companies have beaten earnings estimates, but only 59% have surpassed revenue expectations. - Ongoing equity gains, led by tech stocks, and subdued central bank action could set a positive tone for the market into 2024. - Earnings reports expected from MGM Resorts, Walt Disney, and Take-Two Interactive after Wednesday's closing bell. - September's wholesale inventories data will also be monitored. EARNINGS What we’re watching this week: - Today: Arm Holdings (ARM), Walt Disney (DIS), AMC Entertainment (AMC), Twilio (TWLO) - Thursday: Tapestry (TPR) - [Full earnings calendar here]( NEWS BRIEFING [Xi to Meet US Business Executives for Dinner in San Francisco]( Biden, Xi also expected to hold face-to-face meeting at summit. US and China have stepped up talks on climate, nuclear weapons. [Elon Musk’s Brain Implant Startup, Neuralink, Is Ready to Start Surgery]( Neuralink has FDA clearance to start messing with people’s heads—and not just figuratively. - S&P 500, Nasdaq score longest win streak in 2 years on rates view ([more]() - Biden approval falls to lowest level since April ([more]() - Biden to meet with UAW president, tout Stellantis plant reopening ([more]() - Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible ([more]() - US calls for new limits to Wall Street Bank backstop after March crisis ([more]() - Credit card debt hit new $1.08 trillion record in the third quarter ([more]() - Baidu placed AI chip order from Huawei in shift away from Nvidia ([more]() - SoftBank makes another bet on WeWork, hoping landlords will too ([more]() - Shein reportedly seeks $90 billion valuation in IPO ([more]() - Food-delivery startup Wonder Group gets $100 million investment from Nestle ([more]() - Hyundai’s Supernal to build plant in US to make first flying electric taxis ([more]() - Salesforce CEO says Dreamforce is staying in San Francisco after reaching deal with mayor ([more]() - Steve Cohen to partner with Hard Rock on bid for $8 billion casino next to NY Mets stadium ([more]() - Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal ([more]() - Private equity courts a growing class of mini-millionaires ([more]() - After SBF conviction, FTX investors target celebrity endorsers ([more]() TOGETHER WITH THE MOTLEY FOOL Get unlimited access to Stock Advisor. 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DEALFLOW - Bison Ventures, a venture capital firm that invests in early-stage frontier technology companies, closed its maiden fund, at $135M ([more]() - Enable, an ebate management platform, raised $120M in Series D funding, at $1.12 billion valuation ([more]() - May Mobility, a company specializing in the development and deployment of autonomous vehicle (AV) technology, raised $105M in Series D funding ([more]() - Volante Technologies, a cloud payments modernization company, raised $66M in funding ([more]() - OrsoBio, a clinical-stage biopharmaceutical company, raised $60M in Series A funding ([more]() - Kythera Labs, a healthcare technology and data analytics company, raised $20M in funding ([more]() - Needed, a science-backed perinatal nutrition company, raised $14M in Growth funding ([more]() - Element Eight, a skincare brand, raised $6M in SAFE funding ([more]() - BioPhy, a company providing an AI operating system to advance promising drug candidates, raised $4.5M in funding ([more]() - Sock, a provider of a self-custodial crypto investment app, raised $2.8M in Seed funding ([more]() - Hightower invests in Resource Consulting Group ([more]() - Rubicon Technology Partners raises $1.7B Fund IV ([more]() - Harvest Partners closes $5.3B Fund ([more]() M & A: - Salary.com buys CompXL ([more]() - MidOcean Partners acquires Smith System ([more]() - Gryphon Investors’ Vivify buys Access Ingredients ([more]() - Hubbell purchases Systems Control from Comvest ([more]() - Playbook, a provider of a visual cloud storage platform, acquired CanFY, a developer of an AI assistant ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - SHIB, DOGE top open futures rankings as Bitcoin Rally spurs risk-taking ([more]() - Crypto VC funding slowed last week as $35M raised in 9 deals including Uniswap DAO ([more]() - SEC presses ahead in civil case against Terraform Labs and co-founder Do Kwon ([more]() BULLISH BITES 💣 [Explainer](: Why WeWork failed, and what’s next 🤖 An AI just [negotiated]( a contract for the first time ever — and no human was involved 🏝 In Uruguay, a [tax haven]( with lots of beaches and little crime 🌟 Klarna’s financial [glow-up]( is my favorite story in tech right now 😩 Gen Z, millennials have a much harder time ‘[adulting](’ than their parents did DAILY SHARES [tw profile: Elon Musk] Elon Musk @elonmusk [tw] Nov 7, 2023 425K Likes 23.6K Retweets 11.9K Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Never forget how WeWork used AI: it put sensors around an office and found that people drank coffee in the morning (so it hired more baristas) Nov 7, 2023 609 Likes 48 Retweets 34 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] When you tried to pay the mugger in SF with OpenAI credits. Nov 7, 2023 109 Likes 5 Retweets 10 Replies [tw profile: Adam Singer] Adam Singer @AdamSinger [tw] People worth millions who haven't looked at a grocery bill in a decade Tweeting the economy is fine Nov 7, 2023 954 Likes 73 Retweets 45 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! [Send us a message](mailto:hello@marketbriefing.com) -mb [tw]( Update your email preferences or unsubscribe [here]( © 2023 MarketBriefing 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv](