PLUS - The Dow climbs to a record 40,000 points -your pre-market briefing inside â May 17, 2024 | [Read Online]( In partnership with First time here? [Sign up]([»]( Good morning. The Fast Five â [The Dow climbs]( to a record 40,000 points, [Dimon and Dalio]( sound the alarm on soaring US debt, [Reddit]( inks deal with OpenAI, [Biden signs]( sweeping aviation safety reform bill into law, and GameStop and AMC [extend slump](⦠Calendar: (all times ET) Today: US leading economic indicators, 10:00a Your 5-minute briefing for Friday, May 17: BEFORE THE OPEN As of market close 5/16/2024. Pre-Market: US Investor % Bullish Sentiment:
40.86% for Wk of May 16 2024 (Last week: 40.82%) Market Recap: - Dow briefly hit 40,000, S&P fell 0.21%, Nasdaq dropped 0.26% - Both indexes hit records during the session. - Walmart led gains, up nearly 7% on strong Q1 results. - Rally fueled by rate cut hopes and AI enthusiasm; first Fed cut expected in September. - Tech stocks like Amazon (+20%), Meta, and Nvidia are up sharply YTD. EARNINGS Full earnings calendar [here]( HEADLINES [Ray Dalio and Jamie Dimon Sound the Alarm on Soaring US Government Debt]( In the past 24 hours, JPMorgan CEO Jamie Dimon and Ray Dalio, founder of the worldâs biggest hedge fund, have weighed in with concerns about Americaâs debt pile. [Reddit Inks Deal with OpenAI to Bring Content to ChatGPT]( OpenAI said that the Reddit partnership will provide it access to âreal-time, structured and unique content.â - The Dow's climb to a record 40,000 points ([more]() - Biden signs sweeping aviation safety, reform bill into law ([more]() - House passes TICKET Act in push for event pricing transparency ([more]() - US labor market fairly tight, broader economy losing steam ([more]() - Commercial real-estate investors run for the exits ([more]() - IMF says US should keep open trade, work with China to resolve disputes ([more]() - China consumption slows as retail sales and investment data disappoint ([more]() - China announces sweeping steps to stabilise property sector ([more]() - After Adobe collapse, Figma deal allows employees to sell shares at $12.5B valuation ([more]() - Wayfair to open its first large store, as physical locations make a comeback ([more]() - GameStop and AMC extend slump as meme-fueled rally unravels ([more]() - Renaissance Technologies piled Into GameStop, AMC ahead of rally ([more]() - Affluent consumers are creating a âbubbleâ at Walmart, warns retailerâs former CEO ([more]() - Reality TV stars charged in UK crackdown on 'finfluencers' ([more]() Green Bitcoin Miner Disrupts Industry Forever This $1 Crypto Stock stands to benefit most from substantial regulatory changes. Itâs using 100% renewable energy and is producing bitcoin CHEAPER* than industry whales. The secret sauce? [Youâll have to see it to believe it.]( Subscribe to Bullseye Trade to learn more. DEALFLOW M+A | Investments - Johnson & Johnson to acquire Proteologix for $850M ([more]() - Snowflake in talks to buy Reka AI for $1 billion ([more]() - Sabadell rejected BBVA bid over capital impact, costs savings ([more]() - GSK to sell remaining $1.6B stake in Haleon ([more]() - Nippon Life exploring more deals after Corebridge ([more]() - Avathon Capital acquired Summit Professional Education, a provider of continuing education courses for physical therapists ([more]() - Quantic Electronics, an electronic component company, acquired M Wave Design, supplier of ferrite-based RF and microwave components for aerospace, quantum computing applications ([more]() - Handdii Holdings, a digital property claims company, received an investment from Johns Lyng Group ([more]() VC - Vercel, a frontend cloud platform, raised $250M in Series E funding, at a valuation of $3.25B ([more]() - Sigma, a provider of a cloud analytics solution built natively for cloud scale, raised $200M in Series D funding ([more]() - CinDome Pharma, a company that advancing a safe, chronic therapy for gastroparesis, raised $40M in Series B extension funding ([more]() - Agora, a provider of real estate investment management solutions, raised $34M in Series B funding ([more]() - Voxel51, a visual AI company, raised $30M Series B funding ([more]() - Fay, a company connecting people with registered dietitian nutritionists, raised $25M in funding ([more]() - Aeropay, a provider of Pay-By-Bank solutions for businesses, raised $20M in Series B funding ([more]() - Watershed Health, a company driving patient care coordination across the healthcare ecosystem, raised $13.6M in funding ([more]() - Gamma, a provider of an AI powered presentation platform, raised $12M in Series A funding ([more]() - Honey Homes, a membership service delivering complete home upkeep and maintenance, raised $9.25M in Series A-1 funding ([more]() - Bedrock Materials, a battery technology startup launched out of Stanford University in 2023, raised $9M in Seed funding ([more]() - Phenomix Sciences, a biotech company bringing data intelligence to the treatment of obesity, raised $7.8M in funding ([more]() - Laws of Motion, a provider of AI sizing technology for eCommerce brands and retailers, raised $5M in seed funding ([more]() - Sine Digital, an independent performance marketing agency, raised $2.5M in Seed funding ([more]() - c/side, a cybersecurity company that secures vulnerable browser-side third-party scripts, raised $1.7M in Pre-Seed funding ([more]() CRYPTO - Coinbase shares sink 9% on report CME to consider listing spot Bitcoin ([more]() - Hong Kongâs shaky crypto ETF debuts dent global hub aspirations ([more]() - Robinhoodâs crypto trading volume falls faster than rival exchanges ([more]() BULLISH BITES â²ï¸ Iconic: [The Mirage]( in Las Vegas is closing after 34 years. ð¨Â Crypto alert: Trigger event to send [this Altcoin]( soaring... * ð» Rivalry: The [Mac vs. PC]( war is back on. ð¥Â Watch: [Palmer Luckey]( wants to be Silicon Valley's war king. â± Masterpiece: The most [complicated]( watch in the world. DAILY SHARE [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Been re-watching âThe Officeâ and this is definitely Michael Scottâs best stock-market related joke from the show May 16, 2024 571 Likes 24 Retweets 8 Replies [tw profile: John W. Rich (Wealthy)] John W. Rich (Wealthy) @Cokedupoptions [tw] When you start getting interested in investing you get sorted into one of the 4 main houses like in Harry Potter. May 16, 2024 1.1K Likes 134 Retweets 48 Replies [tw profile: Fight With Memes] Fight With Memes @fightwithmemes [tw] Never forget what they took from us. May 16, 2024 374 Likes 37 Retweets 10 Replies What did you think about today's briefing? - [âï¸âï¸âï¸âï¸âï¸ Excellent, keep it comin'!](
- [âï¸âï¸âï¸âï¸ Good stuff](
- [âï¸âï¸âï¸ It was alright](
- [âï¸ Needs work]( Have a comment or suggestion?
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