💼 Disney's big bet

Disney to invest $1.5 Billion in Fortnite maker Epic Games... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 08, 2024 | [Read Online]( Good morning. The Fast Five → [Disney]( to invest $1.5 Billion in Epic Games, Apple eyes a [foldable iPhone](, [Snap]( shares drop 35% after revenue miss, [NYCB]( hit with first investor lawsuit over collapse, and [Bill Ackman]( to launch a NYSE-listed fund for regular investors… Your 5-minute briefing for Thursday, February 8: BEFORE THE OPEN As of market close 2/7/2024 Pre-Market: Market Recap: - Stock futures flat after S&P 500 nears 5,000 milestone. - Disney surges 6% on earnings beat and raised guidance. - Arm shares skyrocket 23% on strong earnings and upbeat forecast. - S&P 500 climbs 0.8% as tech rally persists amid strong earnings. - Big Tech surge continues: Meta +3%, Nvidia, Microsoft hit record highs. - Nasdaq rises nearly 1%, Dow gains 150 points. - Today: jobless claims data for labor market health check. EARNINGS What we’re watching this week: - Today: Affirm (AFRM), AstraZeneca (AZN), Spirit Airlines (SAVE) - Friday: PepsiCo (PEP) Full earnings calendar [here]( HEADLINES [Apple Eyes a Foldable iPhone Following Vision Pro Launch]( The market is still a relatively small one dominated by Samsung. A folding iPhone could change that. [Disney to Invest $1.5 Billion in Fortnite Maker Epic Games]( Walt Disney Co. is acquiring a $1.5 billion equity stake in Epic Games Inc. as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar. - US trade deficit rises marginally in December; narrows sharply in 2023 ([more]() - Senate vote ends border deal prospects ([more]() - US commercial real estate contagion is moving to Europe ([more]() - US to crack down on real estate money laundering with new rule ([more]() - Big Oil offers record returns to lure investors back ([more]() - Xi’s markets shakeup surprised insiders, showing alarm over rout ([more]() - Citadel among hedge funds that got Morgan Stanley’s block-trading leaks ([more]() - Biotech IPOs jump more than 20% as momentum builds for listings ([more]() - Snap shares drop 35% after company’s revenue miss and weak guidance ([more]() - NYCB hit with investor lawsuit over share price collapse ([more]() - NYCB in talks to offload mortgage risk, sell RV loans ([more]() - Bill Ackman to launch a NYSE-listed fund for regular investors ([more]() - GM to spend $19B through 2035 to source EV battery materials from LG Chem ([more]() - Target considering new paid membership program ([more]() - NYC's Fifth Avenue leads real estate renaissance with billions in storefront deals ([more]() - Young Americans’ wealth grew 80% since 2019 ([more]() - X is No. 1 app upon news of Tucker Carlson-Putin interview ([more]() TOGETHER WITH COINSMART Buying Bitcoin is quick and easy — [Buying Bitcoin is quick and easy with CoinSmart](— The world's most accessible crypto exchange. 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[Get Started]( ~ please support our sponsors ~ DEALFLOW M+A | Investments - Woodside and Santos end talks on $57 Billion deal ([more]() - HNA said to start $5 Billion sale of container lessor Seaco ([more]() - California Resources to buy Aera in $2.1 bln deal to boost oil production ([more]() - Carlyle revamps pay, plans up to $1.4 Billion buyback ([more]() - Barratt to buy Redrow in deal creating UK’s biggest homebuilder ([more]() - Heartwood-backed Somafina buys UST ([more]() - TowerBrook Capital Partners acquires CBTS ([more]() - Clean Harbors purchases Hepaco from Gryphon ([more]() VC - Rain, a financial wellness platform, raised $300M in financing ([more]() - Zededa, an edge management and orchestration company, raised $72M in Growth funding ([more]() - Overflow, a provider of financial solutions for churches, nonprofits and donors, closed its $20M Series B funding round ([more]() - Polycam, a 3D creation tool company for iPhone and Android, raised $18M in funding ([more]() - Shepherd, a provider of an insurance tech platform for commercial construction, raised $13.5M in Series A funding ([more]() - Elemind, an AI-powered neurotech health company, raised $12M in Seed funding ([more]() - finally, a fintech startup helping businesses automate their accounting and finance functions, raised $10M in funding ([more]() - Omega, a Web3 infrastructure provider, raised $6M in funding ([more]() - Subscribili, a subscription-based healthcare company, raised $4.3M in Seed funding ([more]() - AI.Fashion, a leader in AI technology for the fashion industry, raised $3.6M in seed funding ([more]() - Gage, provider of a platform and mobile app to “Build a Better Workforce”, raised an undisclosed amount in Seed funding ([more]() Fundraising - Coalesce Capital, a private equity firm investing in human capital-driven and technology-enabled services companies, closed its $900M inaugural fund ([more]() - 3 Boomerang Capital, a lower middle-market healthcare-focused private equity firm, closed its flagship private equity fund, at $375M ([more]() - Trinity Hunt Partners, a Dallas, TX private equity firm, closed its Fund VII, at $700M ([more]() - Riverside, a NYC global private investment firm, closed RAC Riverside Acceleration Capital Opportunity Fund II, L.P., at $235M ([more]() - Northleaf’s first growth equity fund exceeds $200M target ([more]() IPO - American Healthcare REIT gets $672M at IPO’s low end ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - MicroStrategy posts profit on benefit tied to Bitcoin holdings ([more]() - SEC’s Hester Peirce still plans to push for a token ‘safe harbor’ plan ([more]() - Ether tops $2.4K as Cathie Wood's Ark, 21Shares amend apot ETH ETF filing ([more]() - Investing in 'gold' – via Bitcoin – is cheaper than ever ([more]() BULLISH BITES 📈 Well spent: 1-hour of Ray Dalio's time is worth $228,310, according to Yahoo Finance. But you can get a full hour of his time for free, breaking down the principles of investing, [right here]( 💃 Swift effect: [Female-focused]( ad spots take the Super Bowl. 🏀 Bets on bets: Las Vegas is trying to become the [sports capital]( of the world. 💼 Sharp-dressed man: Men's bags by [Carl Friedrik]( of Succession and The White Lotus fame. ☕️ Team spirit: Teams looking for ways to reinvigorate work life — consider a cherished [Swedish coffee ritual](. DAILY SHARES [tw profile: Sam Ro 📈] Sam Ro 📈 @SamRo [tw] This week: -Taylor Swift announces a track titled Fortnight -Fortnite partners with Disney -Disney+ to stream Taylor Swift Eras Tour film Your newsroom's SEO strategist: Feb 7, 2024 119 Likes 13 Retweets 5 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Masayoshi Son — who lost $16B investing in WeWork — seeing Adam Neumann in talks to buy the entire company back out of bankruptcy for $1.69. Feb 6, 2024 4.72K Likes 337 Retweets 61 Replies [tw profile: BuccoCapital Bloke] BuccoCapital Bloke @buccocapital [tw] New York Times: We are increasing our dividend Market: (-4%) You are hiding a newspaper in your cooking app company, are you not? Feb 7, 2024 2.61K Likes 66 Retweets 11 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. 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