💼 Doubling down

Fed's Powell to double down on 'no rush to cut' message... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 March 04, 2024 | [Read Online]( Good morning. The Fast Five → Fed's Powell to [double down]( on 'no rush to cut' message, [Musk sues OpenAI]( and Sam Altman over contract breach, [China]( to unveil GDP target, [Super Micro]( joining S&P 500, and [Reddit]( seeks a valuation of up to $6.5B in IPO… Calendar: - Wed, 3/6: Fed Chair Jerome Powell testifies to Congress, 10:00a ET - Job openings, 10a ET - Fri, 3/8: US nonfarm payrolls, unemployment rate, 8:30a ET Your 5-minute briefing for Monday, March 4: BEFORE THE OPEN As of market close 3/1/2024. Bitcoin as of 3/3/2024. Pre-Market: US Investor % Bullish Sentiment: 46.50% for Wk of Feb 29 2024 (Last week: 44.28%) Market Recap: - U.S. stock futures stable after Nasdaq's record high - S&P 500, Nasdaq-100 futures show slight declines; Dow slips 0.1% - Nasdaq breaks 2021 record fueled by AI excitement - Focus shifts to inflation after strong earnings and CPI report - Fed Chair Powell's updates to Congress key for rate direction - ADP Employment Survey and job openings data Wed.; payrolls on Fri. EARNINGS What we’re watching this week: - Tuesday: Target (TGT), ChargePoint Holdings (CHPT), Nordstrom (JWN) - [Ross Stores (ROST)]( - earnings of $1.65 per share (+26%. YoY), on $5.8B revenue (+11.4% YoY) - Wednesday: Campbell Soup (CPB) - Thursday: DocuSign (DOCU), Gap (GPS), Kroger (KR) - [Broadcom (AVGO)]( - earnings of $10.29 per share (-0.4% YoY) on $11.7B revenue (+31.5% YoY) - [Costco (COST)]( - earnings of $3.62 per share (+9.7% YoY) on $59.2B revenue (+9.2% YoY) Full earnings calendar [here]( HEADLINES [Elon Musk Sues OpenAI and CEO Sam Altman Over Contract Breach]( Musk said that OpenAI has abandoned its mission of helping humanity and instead is focusing on profits. [Fed's Powell to Double Down on 'No Rush to Cut' Message]( Set pieces include Fed testimony, China congress, UK budget. ECB, Bank of Canada may keep interest rates unchanged. - Yellen sees big jump in US imports from Chile, eyes progress on green transition ([more]() - Judge rules against Corporate Transparency Act disclosure provision ([more]() - OPEC to extend oil production cuts through June ([more]() - China to unveil GDP target, avoid ‘Bazooka’ stimulus at meeting ([more]() - Super Micro joining S&P 500 after stock price soars more than 20-fold in two years ([more]() - Reddit seeking $6.5B valuation in IPO ([more]() - NYCB cut to junk by Fitch after disclosing material weaknesses ([more]() - Lawyers seek $6B in Tesla stock after getting Musk pay package struck down ([more]() - Nvidia becomes Tesla's successor as market flips from EV to AI ([more]() - NerdWallet says it did not file for bankruptcy, citing a fraudulent filing ([more]() - Wendy's complaints surge exposes limits to consumer tolerance of unstable prices ([more]() - Viking Therapeutics emerges as a strong weight loss drug player — or takeover target ([more]() - Bayer not planning to announce split of company at Capital Markets Day ([more]() - Nvidia CEO says AI could pass human tests in five years ([more]() TOGETHER WITH SELL IT LIKE SERHANT Sales training that works. 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[Start My Free Account]( - please support our sponsors - Tip: If email is clipped by Gmail click “read online” in the top right corner DEALFLOW M+A | Investments - Arkhouse, Brigade raise Macy's buyout bid to $6.6 billion ([more]() - Boeing in talks to buy supplier Spirit Aero as it delays production hikes ([more]() - Saudi Aramco completes acquisition of 100% equity stake in Chile's Esmax ([more]() - Bridgepoint eyes $4.4B sale of MotoGP rights holder ([more]() - Mondi boosts takeover proposal for packaging rival DS Smith ([more]() - Enel sells 49% of battery unit to Sosteneo in €1.1B deal ([more]() - Harlan Capital-backed TCAG purchases By Aliens ([more]() - Cook & Boardman buys Lanmor Services ([more]() - Quest Products acquires Tec Laboratories ([more]() - Frontpoint Health purchases High Plains Senior Care ([more]() - PE-backed Toney Healthcare buys Rebellis ([more]() - Leeds Equity acquires TouchMath ([more]() - PPA Tour and Major League Pickleball merge ([more]() VC - FogPharma, a clinical-stage biopharmaceutical company, raised $145M in Series E funding ([more]() - Passes, an engagement and revenue making platform for creators, raised $40M in Series A funding ([more]() - Matter Neuroscience, a company providing people with personalized insights into their brain chemistry, raised $26M in funding ([more]() - Salvo Health, a healthcare technology company, raised $5M in Seed Prime funding ([more]() - Raspberry AI, a generative AI platform for fashion designers, raised $4.5M in seed funding ([more]() - Particle, an AI news reader startup, raised $4.4M in seed funding ([more]() - Prolocor, a healthcare startup developing a precision diagnostic test, raised $1.7M in Bridge funding ([more]() - Momentous, a human performance company focusing on supplementation and nutrition, received an investment from Humble Growth ([more]() - Qualiti.ai, a company specializing in AI-driven test automation solutions, received a strategic investment from Crosslink Capital ([more]() CRYPTO - BlackRock and Fidelity capitalize on FOMO from Bitcoin ETF mania ([more]() - Trump MAGA meme coins are the first experiment in 'PoliFi' ([more]() BULLISH BITES 👀 Watching: [Will Apple acquire Rivian?]( 1 Wall Street analyst thinks it should. 🤝 VC insanity: A tiny AI startup wants investors to pay [$100 to book a meeting]( with its founder. 🇺🇸 Poll: Top 10 states with the [most stressed out]( people in America. 🥃 Ice-age: Startup sparks fury for shipping 100,000-year-old Arctic ice to chill cocktails in Dubai. 💰 Earn faster: [Invest in your greatest ROI]( with best-in-class sales training that transforms businesses—[learn more](* *from our sponsor DAILY SHARES [tw profile: greg] greg @greg16676935420 [tw] How is it already March when the year just started 3 weeks ago? Mar 1, 2024 1.38K Likes 49 Retweets 184 Replies [tw profile: litquidity] litquidity @litcapital [tw] Elon Musk sued Sam Altman & OpenAI yesterday and this tweet from Sam is great Mar 1, 2024 8.23K Likes 400 Retweets 158 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] Stop tagging me in this shit Mar 4, 2024 476 Likes 44 Retweets 36 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. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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