💼 Inflation surprise

Market rallies after flat CPI report… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 15, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → [Market rallies]( after flat CPI report (one-chart breakdown [here](), House [passes]( spending plan easing risk of shutdown, don’t expect much from [Biden-Xi]( meeting, “[what the hell]( is going on with the FDIC?”, and Ken Griffin predicts [Miami]( will replace NYC as finance capital… Your 5-minute briefing for Wednesday: BEFORE THE OPEN As of market close 11/14/2023. MARKETS: - U.S. stock futures tick higher. - S&P 500 futures up 0.1%, Dow futures climb 0.1%, Nasdaq 100 futures advance 0.1%. - House passes bill to avert government shutdown, pending Senate and presidential approval. - S&P 500 gains 1.9%, Nasdaq up 2.4%, Dow adds 1.4% on lower-than-expected October CPI. - Investors optimistic about a possible end to the Fed's rate-hiking campaign. - Strong housing market suggests no rate cuts in the near term. - Upcoming earnings reports from Target, JD.com, Advance Auto Parts, and TJX. - Watch for October producer price index, a measure of wholesale prices. EARNINGS Here’s what we’re watching this week: - Today: 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 [Stock Market Rallies After Flat CPI Report. Here’s the Inflation Breakdown for October — in One Chart]( The October consumer price index increased 3.2% on an annual basis, according to the Bureau's monthly inflation report. That’s down from 3.7% in September and a Covid pandemic-era peak of 9.1% in June 2022. [Don’t Expect Much From Biden and Xi]( Having nothing to write home about would be the preferred outcome for both sides. - House passes spending plan, easing Government shutdown risk ([more]() - Goldilocks hopes return to Wall St after benign inflation report ([more]() - JPMorgan’s Dimon says inflation ‘might not go away that quickly’ ([more]() - Michael Burry reveals new bet against chip stocks after closing out winning market short ([more]() - Ken Griffin sees Miami possibly replacing NYC as finance capital ([more]() - Bankers brace for bonus cuts with no relief seen next year ([more]() - ARK launches new crypto-focused ETFs in 21Shares partnership ([more]() - Tencent, Alibaba earnings hold key to $44 billion China tech run ([more]() - 'What the hell is going on at the FDIC?' Lawmakers grill Agency Chairman for ‘toxic culture’ ([more]() - World’s best performing office market has occupancy of over 98% ([more]() - USPS reports $6.5 billion net loss for 2023 fiscal year ([more]() - Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers ([more]() - Alphabet pays Apple 36% of Safari search revenue, Sundar Pichai confirms ([more]() - Rolex, Patek prices hit fresh two-year lows: Subdial index ([more]() - Elon Musk says SpaceX should receive clearance to attempt second Starship launch this week ([more]() - Most homebuyers now need six-figure income to achieve the 'American dream' I[more]() TOGETHER WITH IBD’s MARKETSMITH Get the most powerful platform available. Some call it the ‘affordable’ Bloomberg Terminal. With [IBD’s MarketSmith]([,]( you'll have access to the same resources and insights as a professional stock market analyst, but at a fraction of the cost. 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(limited-time offer) Please support our sponsors DEALFLOW - Andreessen Horowitz backs Civitai, a generative AI content marketplace with millions of users ([more]() - Craft Ventures, an early-stage and growth firm backing SaaS businesses, raised $1.32 Billion for two funds ([more]() - MBrace Therapeutics, a biopharmaceutical company, raised $85M in Series B funding ([more]() - Spark Car Wash, an express car wash operator in New Jersey, New York, and Pennsylvania, raised $30M in Series B funding ([more]() - OfferFit, a marketing technology company, raised $25M in Series funding ([more]() - Keychain, a manufacturing platform for the packaged goods industry, raised $18 million in seed funding ([more]() - Radiant Security, a provider of AI-enhanced security operations solutions, raised $15M in Series A funding ([more]() - Refine Intelligence, a financial crime greenflagging company, raised $13M in Seed funding ([more]() - Entrio, a provider of a responsible tech adoption platform, extended its recent funding to $11M ([more]() - Apiture, a provider of digital banking solutions, raised $10M in funding ([more]() - AppMap, a developer of code visualization and runtime code review analysis technology, raised $10M in funding ([more]() - Radicl, a cybersecurity innovator delivering enterprise-grade extended threat protection to small-to-medium-sized businesses (SMBs), raised $9M of additional early-stage funding, adding to $3M previously raised ([more]() - BlastPoint, an AI consumer analytics company, raised over $8M in Seed funding ([more]() - Cyble, a cybersecurity company, raised additional $6.2M in Series B funding ([more]() - Atlas, a 3D generative AI platform that partners with game developers and brands to build virtual worlds and experiences, raised $6M in funding ([more]() - CoverSelf, a provider of a platform for healthcare claims and payment integrity, raised additional $3.4M in Seed funding ([more]() - Zip Security, a cybersecurity software provider, raised $7.7M in funding ([more]() - Pantheon Vision, an ophthalmic medical device company, raised $2.5M in seed funding ([more]() - BeMe Health, a creator of an interventional behavioral health platform for teens, raised $1.5M in funding ([more]() - Balance Point Capital, an alternative investment manager, in conjunction with its affiliated fund, Balance Point Capital Partners IV, L.P., made a follow-on investment in CraneTech Inc., a provider of overhead crane inspection, maintenance, and manufacturing services across the U.S ([more]() - Monta Vista Capital, a seed-stage venture capital firm focused on B2B startups, launched its third $48M fund ([more]() - Apax invests in Petvisor ([more]() M & A: - Airbnb acquires AI startup for just under $200 million ([more]() - MCCi, a business process automation company, acquired GovBuilt, a provider of a low-code/no-code case management platform ([more]() - Blue Yonder, a supply chain solutions provider, acquired Doddle, a logistics technology business ([more]() - Partners Group Buys Rosen Group ([more]() - Granite Creek acquires NYP ([more]() - Bregal’s Juniper Landscaping purchases Shooter and Lindsey ([more]() - AristaMD, a digital healthcare company specializing in eConsults, merged with Sitka, a video-consult network supporting value-based care providers - the combined company raised $16.5M in Series C funding ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Flat CPI report adds nearly 1% Bitcoin ([more]() - The IRS and the rising cost of Crypto tax compliance ([more]() - Cathie Wood speculates Gary Gensler's political ambitions are affecting spot BTC ETF judgement ([more]() - Ripple exec reiterates need for tech-neutral crypto regulations ([more]() BULLISH BITES 👋 Is this goodbye?: A coder considers the [waning days]( of the craft 💼 Burn out: Inside the strange, secretive rise of the '[overemployed](' (one attempted to hold down jobs at Meta, Tinder, and IBM at the same time.) 🔎 Check it out: What is [Bluesky](? Everything to know about the app trying to replace Twitter 🤫 Shhh!: ‘Doritos Silent’: Doritos has worked with a partner to develop software that cancels out the [crunching sound]( of chips during group gaming, voice chats, and video conferencing 🐝 Ventures: Dhe easiest platform to start your own [newsletter]( DAILY SHARES [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] Gov Gavin Newsom gave China President Xi a warm welcome in San Francisco today. 🔥🔥🔥 The Right To Bear Memes @grandoldmemes Nov 15, 2023 1.82K Likes 296 Retweets 118 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Narrator: “As Xi’s foot touched SFO’s tarmac, a transformation swept the city. Skies cleared, buildings gleamed, and the air hummed with joy. The bay flowed with milk and honey. Crime vanished, replaced by children’s laughter echoing through the streets.” Nov 15, 2023 308 Likes 26 Retweets 31 Replies [tw profile: Banking Pledge] Banking Pledge @BankingPledge [tw] JPMs own employees rn unusual_whales @unusual_whales Salary increases are not keeping up with the cost of living increases, per JPMorgan, $JPM. Nov 14, 2023 340 Likes 14 Retweets 0 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](