💼 China's $278B lifeline

China weighs stock market rescue package backed by $278B... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 January 24, 2024 | [Read Online]( ☕️ Good morning. The Fast Five → [China]( weighs stock market rescue package, [S&P 500]( notches third straight record high close, [Netflix]( pays $5 Billion for WWE’s ‘Raw’, [unemployment rises]( in nearly a third of US states, and [Red Sea turmoil]( sends economic shockwaves far and wide… Your 5-minute briefing for Wednesday, January 24: BEFORE THE OPEN As of market close 1/23/2024. PRE-MARKET: MARKETS: - Nasdaq 100 futures rise 0.34% on Netflix's record Q4 subscribers. - Netflix soars 8.6% in extended trading with 260.8 million subscribers. - Strong tech gains in 2024 lift S&P 500 to new highs, confirming bull market. - Dow dips 0.25% on disappointing earnings; S&P 500 hits all-time high. - Upcoming earnings from AT&T, Freeport-McMoRan, Tesla, Las Vegas Sands, IBM. - Focus on U.S. Jan. manufacturing, services data, and Q4 GDP release later. EARNINGS What we’re watching this week: - Today: AT&T (T), Kimberly-Clark (KMB), - [Tesla (TSLA)]( - expected: $.74 per share (-37.8% YoY) on $25.6 billion revenue (+5.2% YoY) - Thursday: Alaska Air (ALK), American Airlines (AAL), Blackstone (BX), McCormick (MKC), Visa (V) - [Intel (INTC)]( - expected: $.45 per share. Revenue is forecast to land at $15.2 billion (+7.9% YoY). - Friday: American Express (AXP) Full earnings calendar [here]( HEADLINES [China Weighs Stock Market Rescue Package Backed by $278 Billion]( China considers offshore money for stabilization fund: sources. Some policy measures could come as soon as this week. [Netflix Pays $5 Billion for WWE’s ‘Raw’, Its First Big Live Event]( Company to be exclusive home for show in US, other territories. Streaming service to air three hours of live wrestling weekly. - S&P 500se ([more]() - Unemployment rises in nearly a third of US states in December ([more]([)]( - Red Sea turmoil sends economic shockwaves far and wide ([more]() - As more tankers divert from Red Sea, Suez Canal, booming US oil industry gets another boost ([more]() - Boeing CEO to meet with senators scrutinizing 737 MAX 9 blowout ([more]() - Wall Street banks want to lure back loan deals lost to private credit ([more]() - Netflix is turning into cable TV ([more]() - P&G earnings show some consumers are getting used to higher prices ([more]() - Southwest Airlines flight attendants vote to approve strike authorization ([more]() - EBay to eliminate 9% of full-time workforce ([more]() - SAP plans job buyouts for 8,000 employees in restructuring plan ([more]() - Brex cuts 20% of staff amid reports of stalled growth, high burn ([more]() - Apple dials back car’s self-driving features and delays launch to 2028 ([more]() - 'Pharma Bro' Martin Shkreli's lifetime drug industry ban upheld ([more]() TOGETHER WITH INVESTORS BUSINESS DAILY Invest smarter. 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[Give me the IBD’s Premium Annual Discount]( - please support our sponsors - DEALFLOW M & A | INVESTMENTS - Miss Universe brand owner sells 50% stake to Mexican businessman ([more]() - Sanofi to acquire Inhibrx for $1.7B ([more]() - Salas O’Brien, an engineering and technical services firm, received a minority growth investment from Blackstone ([more]() - Apkudo, a company specializing in supply chain automation for connected devices, acquired Mobile reCell, a provider of software-driven IT asset recovery for corporate-owned IT assets ([more]() - Empeq, a tech company tackling national security challenges through advanced materials analysis, received an investment from Leonid Capital Partners ([more]() - Summit Group, an independent provider of fiduciary and administrative services, acquired Sanctuary, a provider of services to entrepreneurs and families ([more]() - Pelican Energy Partners buys Stewart Tubular Products ([more]() - Monomoy acquires EnviroTech ([more]() - Bloomreach, a platform for e-commerce personalization, acquired Radiance Commerce, an enterprise-grade conversational commerce platform ([more]() - zvoove, a software provider for the temp staffing and cleaning industries in Europe, acquired Planbition, provider of a flexible workforce management solution ([more]() - Welligence Energy Analytics, an energy data & intelligence firm, has raised $41M in growth funding ([more]() - TPG invests in G&A Partners ([more]() - Angeles Equity Partners acquires Acieta ([more]() - H.I.G. Capital purchases CHA Consulting ([more]() - Cognizant acquires Thirdera from Sunstone Partners ([more]() VC - ElevenLabs, a voice technology research company, raised $80M in Series B funding at a $1+ Billion valuation ([more]() - Silverfort, an identity protection company, raised $116M in series D funding ([more]() - Accent Therapeutics, a biopharmaceutical company focused on small molecule precision cancer therapies, raised $75M in Series C funding ([more]() - Elephas, a company developing an ex-vivo platform to assess how live patient biopsies respond to immunotherapies, raised $55M in Series C funding ([more]() - AiDash, an enterprise SaaS company making infrastructure industries climate-resilient and sustainable with satellites and AI, raised $50M in Series C funding ([more]() - Albedo, a company offering aerial quality imagery from space, raised $35M in Series A-1 funding ([more]() - ModernFi, a company providing a deposit network for banks, raised $18.7M in Series A funding ([more]() - S2 Genomics, a manufacturer of tissue sample preparation systems for single cell genomics assays, raised $16M in Series A funding ([more]() - Norm Ai, a company working for regulatory compliance with AI agents, raised $11.1M in Seed funding ([more]() - Masa Network, a builder of a decentralized data marketplace, raised $5.4M in Seed funding ([more]() - Neatleaf, a provider of a cultivation management platform, raised $4M in funding ([more]() - Kiefa, a cannabis SaaS platform, raised $2M in Seed funding ([more]() FUNDRAISING - Myriad Venture Partners, an early-stage venture firm focused on AI, clean technology and enterprise B2B software, announced its launch with $100M of initial capital commitments ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Bitcoin trims its losses after breaking below $39,000 to lowest level in 7 weeks ([more]() - Why Nigeria’s central bank joined Africa’s slow march towards crypto regulation ([more]() - Retail investors are worried bitcoin will plunge below $20000 this year, Deutsche Bank survey says ([more]() BULLISH BITES 💼 Attn Interns: how to land an investment-banking internship at Goldman Sachs, Morgan Stanley, Lazard, and other Wall Street firms as the 2025 [application race begins](. 🍴 Calling all foodies: [Yelp's Top 100]( Places to Eat, 2024 - did your city make the list? 💰 Rev-share: [MrBeast tested Elon]( Musk’s theory and took home $250,000. 🚀 Trending: Why do boomers and Gen Xers [love Temu]( so much? 🔥 Don’t miss another day: For over 35 years, Investors Business Daily has learned what it takes to outperform the market and help investors like you gain an edge. [Grab IBD's Premium Annual Subscription today]( for only $249 (normally $349) - [it’s like getting 5 months free](! DAILY SHARES [tw profile: Sean Tuffy] Sean Tuffy @SMTuffy [tw] It’s gonna be a long year Jan 23, 2024 504 Likes 69 Retweets 23 Replies [tw profile: Buyback Capital] Buyback Capital @Larryjamieson_ [tw] American allied nations looking at these presidential candidates Jan 24, 2024 46 Likes 5 Retweets 4 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]( ~ Happy Birthday, M! 🎉 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 a message](mailto:hello@marketbriefing.com) [ADVERTISE](mailto:partner@marketbriefing.com) | [SUBSCRIBE]( Disclaimer: MarketBriefing is a news publisher. 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