💼 Tik-Tock

Biden plans to ban TikTok if Congress passes bill... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 March 11, 2024 | [Read Online]( Good morning. The Fast Five →[Â](Biden plans to [ban TikTok]( if Congress passes bill, traders are on alert for [hotter-than-expected]( inflation print, authors sue [Nvidia]( over AI use of copyrighted works, [Techstars](’ $80M partnership with J.P. Morgan is on the rocks, and [Sam Altman]( rejoins OpenAI board of directors… Calendar: - TUE 3/12: Consumer price index (CPI), 8:30am ET - THU 3/14: Producer price index (PPI), 8:30am ET Your 5-minute briefing for Monday, March 11: BEFORE THE OPEN As of market close 3/11/2024. Pre-Market: US Investor % Bullish Sentiment: 51.73% for Wk of Mar 07 2024 (Last week: 46.50%) Market Recap: - U.S. stock futures stable Sunday post-Dow's worst week since Oct. - Last week: Dow down 0.93%, S&P 500 0.26%, Nasdaq 1.17%. - Profit-taking seen in high-valuation stocks amid pullback concerns. - Mixed signals from Feb jobs data on Fed rate cut expectations. - Investors eye Feb CPI and PPI reports for inflation progress. - Oracle set to report earnings after today's close. EARNINGS What we’re watching this week: - Monday: - [Oracle (ORCL)]( - earnings of $1.38 per share (+13.1% YoY), on $13.3B in revenue (+7.3% YoY) - Wednesday: Lennar LEN, Williams-Sonoma (WSM) - [Dollar Tree (DLTR)]( - earnings of $2.65 per share (+29.9% YoY) on $8.7B in revenue (+12.3% YoY) - Thursday: Dick's Sporting Goods (DKS), Ulta Beauty (ULTA) - [Adobe (ADBE)]( - earnings of $4.38 per share (+15.3% YoY) on $5.1B in revenue (+10.3%) Full earnings calendar [here]( HEADLINES [Biden Says He’ll Ban TikTok if Congress Passes Bill]( President Joe Biden’s election campaign officially joined TikTok weeks before lawmakers introduced a bill calling on ByteDance to divest the video app. [Traders Are on Alert for a Hotter-Than-Expected Inflation Print]( - President Biden signs $460B spending bill to avert a partial government shutdown ([more]() - DOJ opens investigation into Alaska Airlines blowout incident ([more]() - Slow US inflation retreat is set to bolster Fed patience on rate cuts ([more]() - Debt markets priced for perfection risk a stumble ([more]() - Bubble angst belied by Big-Tech weaklings, broader S&P 500 gains ([more]() - Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4% ([more]() - Bond investors are lining up to fund the war against Putin ([more]() - Nvidia is sued by authors over AI use of copyrighted works ([more]() - Delta CEO expects Boeing 737 Max 10 may be delayed until 2027 ([more]() - Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close ([more]() - Reddit, investors seek up to $748M in planned IPO ([more]() - Aramco hikes dividend 30% to $98 billion despite drop in profit ([more]() - Techstars’ $80M partnership with J.P. Morgan is on the rocks, employees say ([more]() - Remote workers are living increasingly further from their main offices, study finds ([more]() A MESSAGE FROM OUR PARTNER Where the world does markets. 👋 Come see what you’re missing! [Join 50 million traders]( and investors taking the future into their own hands. [Use TradingView for FREE today]( and experience the supercharged, super-charting platform and social network for traders and investors. [Show me what I’m missing!]( - please support our sponsors - DEALFLOW M+A | Investments - Kering and Essilor Luxottica among suitors for eyewear maker Marcolin ([more]() - Mondi to buy DS Smith for £5B and create packaging titan ([more]() - Nationwide challenges UK's big banks with $3.7B Virgin money bid ([more]() - Warner Music plans $1.65B euro bid to buy France's Believe ([more]() - CPP to invest up to €2B in Telecom Italia’s network ([more]() - Vietnam’s biggest bank taps Citi for $1 Billion share sale ([more]() - UAE chemical maker eyes expansion even as merger talks continue ([more]() - Pantera raising funds to buy Solana Holding from FTX ([more]() - Arlington-backed SPA acquires technical advisory services programs from ManTech ([more]() - Trive-backed Kittyhawk acquires Stack HIP ([more]() - Warburg-backed BlueGrace purchases Evos Smart Tools ([more]() - Truelink-backed Trulite buys American Insulated Glass ([more]() - Sugar Foods acquires Concord Foods ([more]() - MPE Partners invests in Webster Industries ([more]() - Gridiron Capital forms GarageCo ([more]() VC - CARiD, a company specializing in e-commerce platform specializing in car parts and accessories, raised $35M in funding ([more]() - IO Research, the developer of io.net, a Solana-based decentralized infrastructure network, raised $30M in Series A funding ([more]() - Cayosoft, a company specializing in Microsoft active directory management, monitoring, and recovery, received $22.5M in minority investment from Centana Growth Partners ([more]() - BREV/ɅN, a provider of a platform for building customizable AI agents with enterprise data, raised $9M in Seed funding ([more]() - Sonaverse, a provider of a crypto data infrastructure platform, raised $7M in Seed funding ([more]() - Cosmology, provider of a tech suite that enables developers to build apps in the Cosmos ecosystem, raised $5M in Seed funding ([more]() - Vescent, a company which specializes in quantum 2.0 technologies enabling commercialization, raised $5M in Seed funding ([more]() - PeakMetrics, a narrative intelligence company, raised $3M in Seed funding ([more]() - Velosio, a provider of digital transformation services, and managed cloud subscriptions for the Microsoft ecosystem, received an investment from Court Square Capital Partners ([more]() - 4th & Heart, a provider of ghee butter products, received an investment from Aterian, Inc. ([more]() CRYPTO - Billionaire hedge funder Bill Ackman mulls Bitcoin ([more]() - Bitcoin paints bull’s-eye on $100,000 mark before its halving ([more]() - BlackRock's Bitcoin ETF nears 200K BTC, passing Michael Saylor's MicroStrategy ([more]() BULLISH BITES 💰 Pursuits: Wyoming wants to become America’s [crypto capital](. 👀 Watching: [What’s going on]( with the new bill that could ban TikTok? 🏆 Survivors: Three anonymous [Oscars insiders]( on what really happens on the run-up to Hollywood's biggest night. 🤔 Rethinking? Billionaire hedge funder [Bill Ackman]( mulls Bitcoin. 🚨 Just in: [Weight-loss stock jumps 121% in one day](* *from our sponsor DAILY SHARES [tw profile: Matt Paulson] Matt Paulson @MattPaulsonSD [tw] Mar 10, 2024 29 Likes 0 Retweets 2 Replies [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] Taco Bell Commercial 2010 vs 2024: Was this inflation data included in CPI? Mar 11, 2024 3.77K Likes 793 Retweets 228 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Private Credit seeing Peloton asking for $750mm+ in Unitranche debt Mar 11, 2024 174 Likes 4 Retweets 5 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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