💼 The gig is up

Biden admin about to upend the gig economy with new rule... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 January 09, 2024 | [Read Online]( ☕️ Good morning. The Fast Five →  [CES 2024](: all the latest from the show floor, United finds [loose bolts]( on 737 Max 9’s after Alaska Airlines incident, [Nvidia rallies]( to record high, Biden admin about to [upend the gig economy]( with new rule, and [JetBlue](, [Twilio]( CEO’s step down… Your 5-minute briefing for Tuesday: BEFORE THE OPEN As of market close 1/8/2024. PRE-MARKET: MARKETS: - U.S. stock futures dip after Monday's strong market gains. - Dow futures down 0.11%, S&P 500 and Nasdaq futures dip around 0.09-0.11%. - Monday saw S&P 500 and Nasdaq rise over 1% and 2%, led by tech stocks like Nvidia. - Dow climbed 200+ points despite Boeing's temporary aircraft grounding. - Mega-cap tech stocks rebounded after recent losses, future outlook debated. - Investors await key inflation data later this week, impacting Fed rate cut expectations: CPI on Thursday, PPI on Friday. EARNINGS What we’re watching this week: - Wednesday: - [KB Home (KBH)]( - expected: $1.70 per share (-31.2% YoY) on $1.6 billion revenue (-16.4% YoY) - Friday: Bank of America (BAC), BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM) - [Delta Air Lines (DAL)]( - expected: $1.16 per share (-21.6% YoY) on $13.6 billion revenue (+10.3% YoY) - [Wells Fargo (WFC)]( - expected: $1.22 per share (+100.0% YoY) on $20.3 billion revenue (+3.5% YoY) Full earnings calendar [here]( HEADLINES [United Finds Loose Bolts on 737 Max 9 Planes in Wake of Alaska Airlines Door Plug Incident]( United Airlines has found loose bolts on door plugs of several Boeing 737 Max 9 planes during inspections. The FAA on Saturday grounded dozens of 737 Max 9s after the panel blew out midflight on Alaska Flight 1282. [CES 2024: All the TVs, Laptops, Smart Home Gear, and More From the Show Floor]( Each January, just about every corner of the industry shows up with announcements and previews that set the stage for the year to come. - Biden admin to announce independent contractor rule that could upend gig economy ([more]() - Treasury yields resume slide aided by oil and inflation outlook ([more]() - Oil prices drop as Saudi Arabia cuts prices ([more]() - Mortgage rate decline pulls buyers back into the housing market ([more]() - IPO investors hope the Fed is finally ready to restart the party ([more]() - French Prime Minister Borne resigns; replacement not yet named ([more]() - Nvidia rallies to record high as chipmaker announces AI-related components ([more]() - Apple Vision Pro goes on sale Feb 2 for $3,500 ([more]() - Apple iPhone sales in China fall 30% in first week of 2024 ([more]() - ChatGPT to be equipped in cars, starting with Volkswagen ([more]() - JetBlue CEO to step down as airline awaits judge's ruling on Spirit Airlines merger ([more]() - Twilio co-founder Lawson steps down as CEO after bruising activist battles ([more]() - Blackstone’s first private equity fund for rich individuals gets $1.3 billion ([more]() - ESG campaigns seen falling out of favor with activist investors ([more]() - J&J, Merck and Boston Scientific go on $6.4 billion buying spree ([more]() - Chinese billionaire is second-biggest foreign owner of US land ([more]() TOGETHER WITH TRADINGVIEW Where the world charts, chats and trades. Come see what everybody’s talking about! [Try TradingView]( — the supercharged super-charting platform and social network for traders and investors. [Free to sign up](. ~ please suppor/t our sponsors ~ DEALFLOW M & A | INVESTMENTS - J&J to acquire cancer drug developer Ambrx Biopharma for $2 billion ([more]() - Merck to acquire Harpoon Therapeutics, further diversifying oncology pipeline ([more]() - Boston Scientific announces agreement to acquire Axonics, Inc. ([more]() - Hewlett Packard Enterprise nears $13 bln deal to buy Juniper Networks ([more]() - Sony is planning to call off $10B merger with India’s Zee ([more]() - Godspeed-backed Crimson Phoenix acquires Cyberspace Solutions ([more]() - Gryphon-backed VIP buys Bucks-Mont Eye Associates ([more]() - MAI Capital Management buys Madison Wealth Management ([more]() - Centre Partners acquires Quick Roofing ([more]() - Ventra Health combines with Advocate RCM ([more]() - Liberty Hall-Backed Comply 365 Merges with Vistair ([more]() - TA invests in Rocscience ([more]() VC - Second Dinner, the game development studio behind the hit game MARVEL SNAP, raised $100M in Series B funding ([more]() - Claris Bio, a late-clinical stage biotechnology company, raised $57M in funding ([more]() - Care Continuity, a company specializing in data-driven patient navigation, raised $10M in funding ([more]() - CharatcterX, a provider of a decentralized AI social network, raised $2.8M in Seed funding at a $30M valuation ([more]() - Imbed Biosciences, a tissue engineering company developing advanced biomaterials for soft-tissue repair, received $10M in convertible debt financing ([more]() - Health In Her HUE, a provider of a digital health platform, raised $3M in funding ([more]() - Rincell Corporation, a chemistry battery cell manufacturer, raised $1.2M in Seed funding ([more]() - WellBe Senior Medical, an in-home value-based care provider, received an investment from CVS Health Ventures ([more]() - Affinity Learning, a compliance training solution provider, received an investment from O’Shaughnessy Ventures ([more]() FUNDRAISING - OpenAI backer Thrive Capital plans $3B fundraise amid tech downturn ([more]() - Goldman Sachs Asset Management raised $650M for its West Street Life Sciences I, representing the first fund in the firm’s Life Sciences Investing strategy ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Bitcoin touches $47,000 for the first time since April 2022 as investors brace for landmark ETF decision ([more]() - Fidelity picks Jane Street, Cumberland to trade Bitcoin for potential ETF ([more]() - 2024 is the most important year for Bitcoin (BTC), says billionaire Chamath Palihapitiya ([more]() BULLISH BITES ⛳️ Separate ways: [Tiger Woods]( splits with Nike after 27 years. 🤼‍♂️ Seasoned: See how industry vets [tackle CES](. 😎 'Realignment': Affluent people keep [moving from NY and SF]( to cheaper, warmer places. 🐁 Cute-ish: House-proud [mouse secretly filmed]( tidying man’s shed every night. 📈 Try It: [TradingView]( is the supercharged super-charting platform and social network for traders and investors. [Free to sign up](. DAILY SHARES [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] Fed’s gotta raise next meeting Jan 9, 2024 183 Likes 10 Retweets 11 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] The Vision Pro is on sale February 2, which means we are about enter phase 4 of Apple’s Product Hype Cycle Jan 8, 2024 121 Likes 5 Retweets 17 Replies [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] “The name of the company, Stanley. It is a cutting edge high tech firm out of the Midwest, awaiting imminent patent approval on the next generation of travel tumblers that have both huge military and civilian applications...” Jan 8, 2024 5.13K Likes 428 Retweets 58 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! 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