💼 PE Crisis

Private equity returns plunge to global financial crisis levels... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 13, 2024 | [Read Online]( Sponsored by Good morning. The Fast Five → [Bitcoin surges]( past $50K for the first time in two years, private equity returns [plunge]( to global financial crisis levels, [JetBlue stock jumps]( after Carl Icahn reports 10% stake, [Temu spends millions]( on six Super Bowl ads trying to win back shoppers, and Uber/Lyft/Doordash [drivers to strike]( on Valentine’s Day for fair pay… Calendar: - Today: Consumer Price Index (CPI), 8:30a ET - Friday, 2/16: Producer Price Index (PPI), 8:30a ET Your 5-minute briefing for Tuesday, February 13: BEFORE THE OPEN As of market close 2/12/2024. Pre-Market: Market Recap: - Stock futures dip as investors await key inflation report. - Dow, S&P 500, and Nasdaq futures slip. - Avis Budget Group falls 2% after missing revenue estimates. - JetBlue soars 16% following Carl Icahn's 10% stake announcement. - Dow hits record, S&P 500 above 5,000, Nasdaq down. - CPI report awaited for insight into price pressures, expected increase: 0.2% MoM, 2.9% YoY. - Core prices forecasted to rise 0.3% MoM, 3.7% YoY. - Earnings from Coca-Cola, Hasbro, Marriott in AM — MGM Resorts, DaVita earnings after the close. EARNINGS What we’re watching this week: - Today: Airbnb (ABNB), Coca-Cola (KO), Instacart (CART) - Wednesday: Twilio (TWLO) - [Cisco Systems (CSCO)]( - expected: $.84 per share (-4.5% YoY) on $12.7B revenue (-6.6% YoY) - Thursday: DoorDash (DASH), PENN Entertainment (PENN), Roku (TOKU) - [Coinbase Global (COIN)]( - expected: $.04 per share on $820.3M revenue (+30.4% YoY) - [DraftKings (DKNG)]( - expected: $.08 per share on $1.2B revenue (+45.2% YoY) Full earnings calendar [here]( HEADLINES [Private Equity Returns Plunge to Global Financial Crisis Levels]( Distributions as percent of net asset value fall to 11.2%. Tough M&A, IPO markets impede PE exits, weighing on returns. [Bitcoin Surges Past $50,000 for the First Time Since 2021]( - US January deficit drops sharply as receipts grow, tax refunds fall ([more]() - Dollar drifts higher, in consolidation mode, as markets await US inflation data ([more]() - A $700B insurance product is powering the US credit market rally ([more]() - IPOs broaden in busy week with Goldman bullish on more deals ([more]() - Temu spent millions on six Super Bowl ads as it tries to win back US shoppers ([more]() - Arm extends blistering rally as stock nearly triples since IPO ([more]() - JetBlue stock jumps after Carl Icahn reports 9.91% stake ([more]() - JetBlue resets with new CEO, industry veterans to run airline on time, and profitably ([more]() - AI frenzy puts Nvidia briefly ahead of Amazon in market value ([more]() - Sam Altman seeks trillions of dollars to reshape business of chips and AI ([more]() - Uber, Lyft, DoorDash drivers to strike on Valentine's Day for fair pay ([more]() - Musk's X to let brands run ads next to certain creators ([more]() - Microsoft gets ready to lay out its vision for the future of Xbox ([more]() - GM Cruise robotaxi unit names former Ford, Apple exec as safety chief ([more]() TOGETHER WITH THE RUNDOWN AI Transform your AI knowledge with The Rundown - the fastest growing AI newsletter in the world Receive daily insights on cutting-edge AI tools and workflows to boost your productivity, along with the latest and greatest news in the world of AI. - Trusted by 400,000+ daily readers for the latest in AI, including top industry experts - Discover AI tools and tutorials that skyrocket efficiency and innovation. - Stay on top of AI trends and techniques to enhance your work and productivity [Join The Rundown AI - Where AI leaders stay informed]( DEALFLOW M+A | Investments - Diamondback sets $26 billion deal for shale oil rival Endeavor Energy ([more]() - Gilead to buy CymaBay for $4.3B in bets on liver disease treatment ([more]() - Martin Marietta boosts building material supplies in $2.05B deal for Blue Water units ([more]() - Britain's Tritax Big Box agrees on possible $1.17B offer for rival UKCM ([more]() - ContextLogic nears $173M sale of Wish to Qoo10 ([more]() - Glencore seeks buyer for troubled New Caledonia Nickel Mine ([more]() - Italian loafer-maker’s buyout plan fuels luxury M&A speculation ([more]() - HTEC, an end-to-end digital product development and engineering services company, acquired Syrmia, an embedded software engineering company ([more]() - Euna Solutions, a provider of cloud-based solutions for the public sector, acquired EqualLevel, a provider of procurement marketplaces that create efficiencies for agencies, suppliers ([more]() - Trading Technologies (TT), a global capital markets technology platform provider, acquired Ateo, a provider of post-trade solutions for listed derivatives ([more]() - Zendesk, a provider of software-as-a-service products related to customer support, sales, and other customer communications, acquired Klaus, a provider of an AI-powered quality management platform ([more]() - Arlington-backed Avenu buys Judicial Innovations ([more]() - Littlejohn-backed IWS purchases Oak Ridge Waste & Recycling ([more]() - Tandym buys Kolter Solutions ([more]() - Ambienta acquires Officine Maccaferri ([more]() - Godspeed-backed Crimson Phoenix purchases TekMasters and Seaford Consulting ([more]() - Endeavour, Greenbelt invest in CTC ([more]() - Comvest makes new investment in ClearOne Advantage ([more]() - Partners Capital Investment Group, a global outsourced investment office, received a minority investment from General Atlantic ([more]() - AGF invests in New Holland Capital ([more]() VC - Bugcrowd, a provider of an AI-powered crowdsourced security platform, raised $102M in Growth funding ([more]() - Alys Pharmaceuticals, Inc., an immuno-dermatology focused company, launched with a $100M funding from Medicxi ([more]() - Nucleus Security, a provider of a risk-based vulnerability management platform, raised $43M in Series B funding ([more]() - Reken, an AI and cybersecurity company, raised $10M in Seed funding ([more]() - Motif Analytics, a data analytics startup, raised $5.7M in Seed funding ([more]() - BRIJ Medical, a medical device manufacturer, raised $5.5M in funding ([more]() - Cosmic Aerospace, an aerospace startup, raised $4.5M in Seed funding ([more]() - Prosal, a provider of an RFP’s platform for agencies, reached $1.58M in Seed funding with a new influx of $400k ([more]() - Swirl, a live shopping mobile SaaS platform provider, raised $1.1M in Seed funding ([more]() Was this briefing forwarded to you? [Sign Up Here]( » CRYPTO - Peter Thiel’s Founders Fund made $200 million crypto investment before bull run ([more]() - As spot Bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts high ceiling for growth ([more]() - Franklin Templeton joins Ethereum ETF race ([more]() - FTX to sell custody unit for $500K after paying $10M just months before collapse ([more]() BULLISH BITES 🏈 Super Bowl ads recap: DoorDash, DunKings, Beyoncé and the [most-talked about](commercials. 👍 Approved: A new dating app for people with good to [excellent credit](. 🧸 Pillow fight: Warren Buffett's [Squishmallows sues Build-A-Bear]( over 'knockoff' toy line. 🏰 Mega-listing: The [most expensive home]( for sale in the US goes up for $295 million in Naples, Florida. 📈 ICYMI: [Sign up for Moby’s weekly stock picks]( and discover how their last AI pick returned 642%. DAILY SHARES [tw profile: Sir Doge of the Coin ⚔️] Sir Doge of the Coin ⚔️ @dogeofficialceo [tw] If he keeps doing sh*tposts like this he could pay off the US National Debt in no time 🤣 Feb 12, 2024 240 Likes 25 Retweets 62 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Temu’s marketing manager after buying 3 ads during the Super Bowl Feb 12, 2024 9.62K Likes 444 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: Market Briefing© is a news publisher. 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