💼 Zuck apologizes

Zuckerberg apologizes to families of kids harmed online as Senate grills tech CEOs... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 01, 2024 | [Read Online]( Good morning. The Fast Five → [Interest rates hold steady]( with March cuts unlikely, [Zuck apologizes]( as Senate grills tech CEOs over child safety, House passes $78B business/child [tax break bill](, Walmart plans to add [150+ stores]( across US, and [Boeing gets sued]( by shareholders following blowout… Calendar: - Friday, 2/2: US unemployment rate, 8:30a ET Your 5-minute briefing for Wednesday, January 31: BEFORE THE OPEN As of market close 1/31/2024. Pre-Market: Market Recap: - S&P 500 and Nasdaq futures rise after Fed news. - Qualcomm reports strong Q1 results. - Major averages had a poor session post-Fed meeting. - Powell's comments dashed hopes of a March rate cut. - January ended positively for major indexes. - Upcoming economic reports and earnings releases. EARNINGS What we’re watching this week: - Today: Atlassian (TEAM), Honeywell (HON), Meta Platforms (META) - [Amazon (AMZN)]( - expected: $.80 per share. Revenue expected to rise 11.4% to $166.2B - [Apple (AAPL)]( - expected: $2.10 per share for Apple’s fiscal Q1 (+11.7%) on $117.9B revenue (+0.06% YoY) - Friday: Chevron (CVX), Exxon (XOM) Full earnings calendar [here]( HEADLINES [Fed’s Powell Cements Pivot But Pushes Back on Timing of Cuts]( Powell says an interest-rate cut in March is not likely. FOMC needs to see more data to be convinced to move rates. [Zuckerberg Apologizes to Families of Kids Harmed Online as Senate Grills Tech CEOs]( ‘Your Product Is Killing People’: Tech leaders denounced over child safety. - Here’s what changed in the new Fed statement ([more]() - House passes $78 billion business, child tax break bill ([more]() - 10-year Treasury yield falls below 4% as traders evaluate Fed decision ([more]() - Private payroll growth slowed to just 107,000 in January, below expectations ([more]() - How the US is preparing for a Chinese invasion of Taiwan ([more]() - Walmart plans to add more than 150 large-format stores across the US ([more]() - Boeing’s CEO says ‘We caused the problem’ in Alaska Air blowout ([more]() - Boeing sued by shareholders following MAX 9 blowout ([more]() - NY Community Bancorp flashes a $560 Billion real estate warning for banks ([more]() - Endeavour wins ruling to end strike at Burkina Faso gold mine ([more]() - Tech layoffs scale to three-quarter high ([more]() - H&M CEO quits as fashion group fails to keep up with rivals ([more]() - Byron Allen’s latest takeover attempt: Paramount for $14 Billion ([more]() - PGA Tour secures up to $3 billion from US investors as LIV Golf merger hangs in the balance ([more]() - Meet the JPMorgan exec emerging as a dark horse to succeed Jamie Dimon ([more]() - Startup news site The Messenger shutters less than a year after its launch ([more]() TOGETHER WITH TradingView Where the world does markets. Come see what you’re missing! [Join 50 million traders]( and investors taking the future into their own hands. [Try TradingView today]( and experience the supercharged, super-charting platform and social network for traders and investors. [Try It - FREE]( - please support our sponsors - DEALFLOW M+A | Investments - Cigna sells Medicare business to Health Care Service for $3.3B ([more]() - TotalEnergies to buy OMV’s Malaysia Assets for $903 Million ([more]() - Fabric, a health tech company, acquired Gyant, a conversational AI care assistant and patient engagement suite ([more]() - Protect AI, an AI and machine learning security company, acquired Laiyer AI, a provider of a security solution enhancing the security of LLM interactions ([more]() - Nexthink, a provider of digital employee experience management software, acquired AppLearn, a provider of learning and digital guidance for employees ([more]() - Blackford Capital acquires Data Science Automation ([more]() - Avathon Capital acquires Magical Beginnings ([more]() - Blackhawk Network purchases Tango Card ([more]() - Core & Main purchases Dana Kepner from Littlejohn ([more]() - BlackRock invests in Lone Peak Dental Group ([more]() - CD&R buys a stake in Foundation Building Materials ([more]() VC - Zum, a provider of student transportation solutions, raised $140M in Series E funding, at $1.3 Billion valuation ([more]() - Accompany Health, a social care provider for low-income patients, raised $56M in Series A funding ([more]() - Metronome, a provider of usage-based billing solutions for companies, raised $43M in Series B funding ([more]() - Incognia, a company specializing in location identity solutions, raised $31M in Series B funding ([more]() - Synergy Spine Solutions, a medical device developer, raised $30M in funding ([more]() - LoanStar Technologies, a financial technology company focused on embedded lending, raised $28M in funding ([more]() - Benepass, a flexible benefits platform for people-first companies, raised $20M in additional funding ([more]() - Crux, a NYC-based sustainable finance technology company, raised $18.2M in Series A funding ([more]() - Kafene, a provider of a point-of-sale platform that helps retailers offer flexible purchase options, raised $15M in Growth capital ([more]() - Splash, an independent provider of peer-to-peer sports strategy games in the US, raised $14.1M in Series A2 funding ([more]() - Nile, a provider of serverless Postgres designed for modern SaaS applications, raised $11.6M in seed funding round ([more]() Fundraising - Charlesbank closes $1.5B Credit Fund ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - XRP drops after Ripple co-founder’s crypto wallets hacked ([more]() - FTX plans to repay customers in full, drop exchange relaunch ([more]() - NFTs outpaced Ether's gains in January ([more]() BULLISH BITES 🍎 Art: The psychology of [Apple packaging]( - Steve Jobs and Jony Ive prioritized packaging, which they said could be "theatre"… 🤷🏻‍♂️ Meh: Working for Google used to be 'sexy and exciting.' [Now, not so much](. 🌯 Extra guac: We're about to enter '[burrito season](.' Seriously. 🙉 Overheard: 'Stupid,' 'shameful' say tech workers of Y Combinator CEO [Garry Tan's rant](. 📈 Try TradingView -Free: See what the buzz is about! [Join 50 million traders]( and investors taking the future into their own hands. [Try TradingView now for free »]( DAILY SHARES [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] Sorry, come back in March. $SPY Feb 1, 2024 128 Likes 11 Retweets 14 Replies [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] Now they want $80 BILLION more 🤬 Feb 1, 2024 1.94K Likes 361 Retweets 130 Replies [tw profile: tweet davidson 🍞] tweet davidson 🍞 @andykreed [tw] imagine washing dishes with this view The Verge @verge Microsoft Teams, Word, Excel, and more are coming to Apple’s Vision Pro at launch trib.al/TrULwnh Jan 31, 2024 18.3K Likes 1.31K Retweets 85 Replies Know someone who would enjoy this? [CLICK TO SHARE]( 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 a message](mailto:hello@marketbriefing.com) [ADVERTISE](mailto:partner@marketbriefing.com) | [SUBSCRIBE]( Disclaimer: MarketBriefing is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. 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