💼 Moody's blues

Moody’s turns negative on US credit rating… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 13, 2023 | [Read Online]( Presented by ☕️ Good Morning. The Fast Five → Moody’s [turns negative]( on US credit rating, military talks will be a priority at [Biden-Xi summit](, Johnson delivers stopgap plan to lower risk of [US shutdown](, Main Street prepares for new state [minimum wage hikes]( in 2024, and Chamath says the job of [VC won’t exist]( in a world of AI-powered two-person startups… Your 5-minute briefing for Monday: BEFORE THE OPEN As of market close 11/10/2023. Bitcoin as of 11/12/2023. MARKETS: - Stocks rally, recovering from previous session losses as Treasury yields stabilize. - Dow gains 1.15%, S&P 500 climbs 1.56%, Nasdaq up 2.05%. - Tech sector leads with a 2.6% rise, Microsoft hits all-time highs, Apple, Meta, Tesla, Netflix, and Alphabet see gains. - Second consecutive week of gains, S&P 500 up 1.3%, Dow up 0.7%, Nasdaq up 2.4%. - Rebound linked to steady 10-year Treasury yield after last Thursday's spike. - Fed Chair Powell's comments on inflation and poor bond auction led to Thursday's sell-off. - Resilient economy supports equities despite Fed rate policy uncertainty, per UBS. EARNINGS Here’s what we’re watching this week: - Today: Monday.com (MNDY), Tyson Foods (TSM) - Tuesday: [Home Depot]( (HD) - earnings expected: $3.58 per share (-15.6% YoY) on $35.7 billion revenue (-8.2% YoY) - Wednesday: Target (TGT) - [Cisco Systems]( (CSCO) - earnings expected: 97 cents per share (+12.8% YoY) on $13.8 billion revenue (+3.6% YoY) - Thursday: Alibaba (BABA) - [Walmart]( (WMT) - earnings expected: $1.41 per share (-6.0% YoY) on $149.8 billion revenue (-2.0% YoY) - Full earnings calendar [here]( NEWS BRIEFING [Moody's Turns Negative on US Credit Rating, Draws Washington Ire]( The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after months of political brinkmanship around the U.S. debt ceiling. [US Sets Military Talks With China as Priority at Biden-Xi Summit]( US is determined to resume military talks, Sullivan says. Biden and Xi will meet for first time in a year at APEC summit. - Johnson delivers stopgap plan, lowering risk of US shutdown ([more]() - Xi Jinping’s ‘old friends’ from Iowa get a dinner invitation ([more]() - Hedge funds short US financial stocks at near record levels, Goldman Sachs says ([more]() - Fed’s Barkin, Bostic say full impact of rate hikes to come ([more]() - Individual investors pull most cash from US stocks in two years ([more]() - Oil prices ease on worries of waning demand in US and China ([more]() - Excitement and worry as stock options trading booms in India ([more]() - Japan's wholesale inflation slows sharply in sign of waning cost pressures ([more]() - For America’s business owners, time to prepare for new minimum wage hikes in 2024 ([more]() - Commercial property values may fall more as workers spend at least 20% less time in office ([more]() - Los Angeles mansion owners test $150,000 rents as sales slump ([more]() - Boeing closes in on major order with Emirates for 777X widebody ([more]() - Novo to build $6B plant as obesity drug demand surges ([more]() - Weight-Loss Drugs Among the Most Sought-After New Corporate Benefits ([more]() - $29 flights are back as airlines race to fill seats in the off-season ([more]() - Hollywood faces challenges in resuming productions after actors strike deal ([more]() - The diamond world takes radical steps to stop a pricing plunge ([more]() - Chamath says there’s a ‘reasonable case to make’ that the job of VC ‘doesn’t exist’ in a world of AI-powered two-person startups ([more]() TOGETHER WITH RYSE The Next Smart Home Staple Where were you when Amazon acquired Ring for $1B? Or when Google bought Nest for a cool $3.2B? Hopefully, you were invested in those promising startups. But for those that missed out, the next groundbreaking Smart Home innovation has arrived 一 [RYSE](. Their [automated window shade tech]( is mere weeks away from [launching in Best Buy stores](, and is poised to dominate the fast-growing Smart Shades market. They’ve also just launched a new investment round and their share price has already grown 25% from their last round! The Smart Shades race is on, and RYSE is in pole position due to their: Unmatched Features: RYSE has the only retrofit design to motorize existing window shades, and can be seamlessly controlled by voice, smartphone, or schedule. Smart Price: Priced at $169 vs. competitors’ pricing of up to $1,000 per window, RYSE is uniquely positioned to bring luxury window shades to every home and business. [Take part in this exclusive public offering here before RYSE is a household name.]( Please support our sponsors DEALFLOW - Heimstaden’s billionaire owner weighs stake sale to cut debt ([more]() - Elucid, a medical technology company, raised $80M in Series C funding ([more]() - Summer, a company pioneering a new approach to short-term rentals and vacation home ownership, raised $68M in funding ([more]() - Google in talks to invest in AI startup Character.AI ([more]() - Lombard reportedly weighs stake sale in $600M flower business ([more]() - Databricks, a data and AI company, raised an undisclosed amount in Series I funding ([more]() - Lightspeed Faction, a blockchain-focused venture capital firm, launched its inaugural $285M fund ([more]() - Vida Health, a provider of virtual cardiometabolic care services, closed a $28.5M financing round ([more]() - Ben Franklin Technology Partners of Southeastern Pennsylvania has completed a $28M first close of its Global Opportunity Pennsylvania Fund II, L.P., a growth stage venture fund to invest in technology-focused enterprises located across the region ([more]() - Arch, a provider of a private investment management platform, raised $20M in Series A funding ([more]() - Aigen, an AI-driven robotics company, raised $12M in Series A funding ([more]() - DeepInfra, a provider of a scalable infrastructure for running AI models through an API, raised $8M in Seed funding ([more]() - Ridepanda, a provider of a micro-mobility-as-a-benefit platform, raised $7.5M in equity and debt funding ([more]() - Almond Fintech, a B2B technology company, raised $7M in funding ([more]() - PostgresML, a company focused on prototyping and deploying AI applications on PostgreSQL, raised $4.7M in Seed funding ([more]() - Era, an AI-powered wealth management platform making wealth management more accessible, raised $3.1M in Seed funding ([more]() - Terray Therapeutics, a biotechnology company focused on small molecule drug discovery and development, received an investment from NVentures, NVIDIA’s venture capital arm ([more]() - Vivalink Medical, a remote patient monitoring services company, received an investment from Niterra, through the CVC fund jointly operated with Pegasus Tech Ventures ([more]() - New Era ADR, a dispute resolution technology platform, received an investment of undisclosed amount ([more]() M & A: - Ramsay, Sime Darby to sell Hospital Unit for $1.2 billion ([more]() - Janney acquires TM Capital ([more]() - Slate Capital-backed O’Donnell Metal Deck buys Metal Deck Direct ([more]() - 3i-backed Regional Rail acquires two short-line freight railroads ([more]() - Holiday Station stores purchases Coborn’s Holiday franchised fuel and convenience stores ([more]() - Engagedly, a provider of AI-powered cloud-based talent management software, acquired theEMPLOYEEapp, a provider of an employee communication platform for deskless employees ([more]() - Find.co, a media company building an engaged and informed community across finance, technology, entertainment, and sports, acquired Salon.com, a digital media outlet ([more]() - Accenture (NYSE: ACN) is to acquire OnProcess Technology, a provider of supply chain managed services ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - FTX adds a complex chapter to the financial-fraud history books ([more]() - Demand for Bitcoin could grow by up to 10X within 12 months says Michael Saylor ([more]() - Solana's SOL rallies 20% in a day, erasing woes of past 18 months ([more]() BULLISH BITES 🤖 Create your own GPT. We found a [simple video]( that shows you how (no code) 🎙 [Q&A]( with Humane AI President Imran Chaudhri 🛒 Building an [e-commerce sales](success story is getting more complex and costly 🥂 [The best]( New York, Chicago and DC restaurants, according to Michelin 🐝 Interested in [starting your own]( newsletter? DAILY SHARES [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] Moody’s cuts U.S. credit outlook from stable to negative. $SPY Will markets just shrug it off on Monday? 🧐 Nov 12, 2023 706 Likes 93 Retweets 85 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Insane that in just ONE day they can clean up San Francisco to impress the CCP but they won’t do it normally. Absolutely baffling. Nov 12, 2023 4.3K Likes 365 Retweets 188 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] Nov 11, 2023 767 Likes 85 Retweets 68 Replies [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] I hope you are all fine with this. 😢 Any questions? 🤔 Nov 11, 2023 1.5K Likes 204 Retweets 156 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? [Get tomorrow’s briefing here]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion? We’d love to hear it! [Send us your 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](