💼 Shockwaves

Special counsel report sends shockwaves through Congress... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 09, 2024 | [Read Online]( Good morning. The Fast Five → [Special counsel report]( sends shockwaves through Congress, Arm surges 60% in windfall for Softbank, [Einhorn]( says markets fundamentally broken, [NYCB troubles]( threaten a new crisis, and Wall Street love sends [Disney’s stock]( soaring. Full briefing ahead, but we’re curious… What's your short-term outlook on the market? (results in Monday's briefing) [📈 Bullish]( [📉 Bearish]( Your 5-minute briefing for Friday, February 9: BEFORE THE OPEN As of market close 2/8/2024 Pre-Market: Market Recap: - Stock futures dip as S&P 500 nears 5,000 milestone. - S&P almost hits 5,000, driven by earnings and resilience. - S&P up 4.8% in 2024, set for fifth weekly gain. - Majority beat earnings; Pinterest plunges 9% on weak forecast. - Pepsi reports earnings before Friday's bell. EARNINGS What we’re watching this week: - Today: PepsiCo (PEP) Full earnings calendar [here]( HEADLINES [Special Counsel Report Sends Shockwaves Through Congress]( A special counsel report released Thursday detailing memory lapses by President Biden sparked swift and fierce reactions from members of Congress. [Arm Shares Soar 60% Upon Strong Forecast — A Giant Windfall for Softbank]( Arm reported better-than-expected earnings for the third quarter, and issued an optimistic forecast. SoftBank still owns about 930 million shares or roughly 90% of its outstanding stock, and founder Masayoshi Son is Arm’s chairman. - Trade leaders urge governments around the world to join Red Sea military effort ([more]() - US mortgage rates tick up as Fed signals its fight’s not over ([more]() - Hedge funds to share more on their strategies under SEC rule ([more]() - Shaky commercial loans threaten a new regional bank crisis ([more]() - Einhorn says markets ‘fundamentally broken’ by passive, quant investing ([more]() - Goldman facing CFTC probe over fees charged for futures trading ([more]() - Wall Street love sends Disney stock soaring ([more]() - Google rebrands Bard AI to Gemini with new app and subscription ([more]() - McDonald’s to open 1,000 outlets in China as appetite for fast food grows ([more]() - Delta to open a new tier of ‘premium’ airport lounges this year in high-end travel push ([more]() - McKinsey places 3,000 staffers on review as economies slow ([more]() - Plaid names first company president in another step toward IPO ([more]() - 23andMe considers splitting up company to revive stock price ([more]() - $22,000/mo LA rental showcases KKR’s property stresses ([more]() REACH A SMARTER AUDIENCE DEALFLOW M+A | Investments - General Atlantic to buy a stake in $50B Partners Capital ([more]() - Saudi Arabia lines up Goldman, Citi for Aramco share sale ([more]() - Flynn Group, world's largest franchisee, explores $5+B sale ([more]() - Claure Group acquires minority stake in tech investor Hedosophia ([more]() - Trump's media deal partner nears $50M financing ([more]() - AArete, a management and technology consulting firm, acquired Legerity, a technology consulting ([more]() - Autodesk, Inc. (ADSK), agreed to acquire the PIX business of X2X ([more]() - Savvas Learning Company, a K-12 learning solutions company, acquired Outlier.org, an edtech startup that has created a portfolio of online college-level courses ([more]() - Vensure Employer Solutions, a provider of HR/HCM technology, managed services, and global business process outsourcing, acquired MarathonHR, a human resources outsourcing firm ([more]() - F&I Sentinel, a risk-management solutions provider for finance/insurance products, acquired Express Recoveries from Cox Automotive Inc ([more]() - Hiline, a financial services firm, acquired Calculate, an outsourced accounting and finance firm that support the financial processes at emerging companies ([more]() - Handle.com, a provider of a construction payments software platform, received an investment from Suffolk Technology ([more]() VC - Platform Accounting Group, a company that supports the operation of boutique accounting/professional services firms, raised $85M in funding ([more]() - Unlearn, an AI company creating digital twins of clinical trial participants that enable research, raised $50M in Series C funding ([more]() - River, a startup building multi-utility electric scooters, raised $40M in Series B funding ([more]() - Ezra, a healthcare AI company, raised $21M in funding ([more]() - Formlogic, a provider of autonomous precision manufacturing services for space companies, received $20M from Trinity Capital ([more]() - Thea Energy, a fusion energy company, raised $20M in Series A funding ([more]() - Aizon, an AI-enhanced SaaS pharmaceutical manufacturing company, raised $20M in Series C funding ([more]() - Headlight, provider of a mental health practice, raised $18M in funding ([more]() - Closinglock, an intech and fraud prevention technology provider, raised $12M in Series A funding ([more]() - LimaCharlie, a provider of a security operations (SecOps) cloud platform, raised $10.2M in Series A funding ([more]() - Volta Insite, an electrical data collection company, raised $7M in Seed funding ([more]() - Truflation, an economic data field company, raised $6M in funding ([more]() - Stellar Sleep, a provider of a digital solution for chronic insomnia management, raised $6M in Seed funding ([more]() - Flood, a provider of a protocol for order routing, management, and settlement, raised $5.2M in Seed funding ([more]() - Perigon, a company providing contextual intelligence for the web data, raised $5M in Seed funding ([more]() - Vocode, an open source developer platform for conversational AI, raised $3.25M in seed funding ([more]() - DeepLook Medical, a technology firm focused on visual enhancement technology to advance medical imaging, raised $1.7M in funding ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - US Senators berate SEC's Gensler for agency's 'unethical' handling of crypto case ([more]() - Loyalty points are crypto’s new bait ([more]() - Bitcoin ETFs (Ex-GBTC) now hold more BTC than MicroStrategy ([more]() - Crypto project founder wanted on fraud charge is promoting new projects ([more]() BULLISH BITES 🇷🇺 ICYMI: [The Vladimir Putin interview]( 🏈 PE + NFL: Inside the [succession crisis]( brewing at the NFL. 🐭 Muskateer: Wait, did Elon Musk just hint he's going to [buy Disney](? 🌎 Discovery: NASA found a [super-Earth](. It's in a tantalizing place. ⌚︎ Retail therapy: The [Piaget Polo 79]( - pure ‘70s gold. DAILY SHARES [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] $QQQ bulls have that Goggins level stamina. 🏃‍♂️ Feb 9, 2024 167 Likes 8 Retweets 12 Replies [tw profile: Daniel] Daniel @growing_daniel [tw] learning gripping facts about the borders of eastern Europe in 1654 Feb 8, 2024 5.16K Likes 282 Retweets 70 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. 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