💼 Brace for impact

PLUS - Apple shares close at record high -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 June 12, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Wall Street braces]( for Fed inflation report, Apple shares close at [record high](, Trump vows to [end taxes]( on tips, Elon Musk [withdraws suit]( against OpenAI, and GameStop raises over $2 billion after[Roaring Kitty rally](… Calendar: (all times ET) Today: Consumer Price Index (CPI), 8:30a Fed Chair Powell press conference, 2:30p THU, 6:13: Initial jobless claims, 8:30a Producer Price Index (PPI), 8:30a FRI, 6:14: Consumer sentiment, 10:00a Your 5-minute briefing for Wednesday, June 12: BEFORE THE OPEN As of market close 6/11/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 38.97% for Wk of June 06 2024 (Last week: 39.04%). Market Recap: - S&P (+0.27%) and Nasdaq (+0.88%) hit records, led by Apple (+7.3%). - Dow fell 0.31% to 38,747.42. - Investors rotated from Nvidia (-0.7%) to Apple. - Fed's 2-day policy meeting finishes today; no 2024 rate cut expected - Markets brace for a hawkish Fed message. - CME FedWatch Tool: 66% chance of a rate cut in November. - Key focus on dot plot, projections, and May CPI reading. EARNINGS What we’re watching this week: - Today: Dave & Busters Entertainment ([PLAY](), Oxford Industries ([OXM]() - [Broadcom (AVGO)]( - earnings of $10.80 per share for (+4.7% YoY) on $12.0B revenue (+37.9% YoY) - Thursday: - [Adobe (ADBE)]( - earnings of $4.39 per share (+12.5% YoY) on $5.3B revenue (+10.4% YoY) Full earnings calendar [here](. HEADLINES [Apple Shares Close at Record High After Company Unveils AI Software]( Analysts believe the new AI features will drive consumers to upgrade their devices since the tools are only available on newer models. [Trump Vows to End Taxes on Tips in Bid to Woo Restaurant Workers]( Exempting tips from taxes has political appeal, economic flaws. Trump offers little on tax vision; 2017 cuts expiring in 2025. - Fed meeting and inflation report hit today - impact could be huge ([more]() - Stocks fall amid rout in Big Banks as Nvidia sinks ([more]() - US small business sentiment up in May ([more]() - House panel finds Wall St 'colluded' to curb emissions ([more]() - Hedge funds pile into copycat quant trades they once derided ([more]() - GameStop raises over $2 billion after Roaring Kitty rally ([more]() - GM board approves new $6B share buyback authorization ([more]() - Musk withdraws suit against OpenAI, Sam Altman ([more]() - Four more states join US monopoly lawsuit against Apple ([more]() - Boeing plane deliveries drop by half in May year-on-year ([more]() - Tiana’s Bayou Adventure is the next step in Disney’s $60B theme park investment ([more]() - WeWork CEO Tolley to step down as company exits bankruptcy ([more]() - Private equity investors fear cash is stuck in zombie funds ([more]() - Weight loss boom spurs sales of protein, meal replacements ([more]() MESSAGE FROM CHAIKEN ANALYTICS [What’s Got Musk, Bezos, and Gates So Excited?]( Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. – and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. [This expert just went public with all the details, including which stocks to jump on immediately.]( - please support our sponsor - DEALFLOW M+A | Investments - Paramount special committee meets to vote on Skydance deal ([more]() - BeReal acquired by mobile apps company Voodoo for €500M ([more]() - Tether to invest more than $1 billion in deals over next year ([more]() - Madhive, a tech company for local CTV advertising, acquired Frequence, Inc., an ad sales software for local media companies ([more]() - InformData Holdings, a people-data platform for the background screening industry, acquired Sentinel Information Systems, a transportation and motor vehicle record data platform ([more]() - ClinicalMind, a healthcare marketing agency, acquired Sensified, an insight-driven healthcare communications company ([more]() - ClearCompany, a talent management platform, acquired Brainier Solutions, cloud-based learning management systems ([more]() - Formstack, a form, document, and eSignature software provider, acquired Open Raven, a data management company ([more]() - ZS, a management consulting and technology firm, acquired Digital Additive, a Salesforce digital marketing agency ([more]() - IT Solutions Consulting, an MSP serving commercial firms, acquired Steady Networks, an IT management company for SMBs ([more]() - Tripleseat, a sales and event management platform for restaurants, hotels, and venues, acquired Merri, a 3D floorplan and event design application for event planners ([more]() - Yext (YEXT), a digital presence platform for multi-location brands, acquired Hearsay Systems, digital client engagement for financial services, for $125M and up to an additional $95M ([more]() - Tethr, an AI-powered conversation intelligence software, merges with Awaken Intelligence Ltd., a contact center solutions and agent experience innovator ([more]() - Pipe, provider of a capital platform for dilution-free funding, received $100M in credit facility from Victory Park Capital ([more]() VC - Mistral, a French AI start-up valued at $6.2B, raises $640M ([more]() - Cyberhaven, a data detection and response company, raised $88M in Series C funding ([more]() - Mad Mobile, a company specializing in restaurant and retail SaaS and payment solutions, raised $50M in financing ([more]() - Xona, developer of a zero-trust user access platform for industrial operations, raised $18M in strategic funding ([more]() - Astrocade AI, provider of an AI-powered social gaming platform, raised $12M in Seed funding ([more]() - Brightwave, a research assistant that generates financial analysis on any subject, raised $6M in Seed funding ([more]() - Ship Angel, an AI-native platform for international shippers, raised $5M in funding ([more]() - Wild Common, an agave spirits company, raised $5M in Series A funding ([more]() - Apricot Technologies, a startup leveraging gen AI to reduce healthcare documentation, raised undisclosed funding ([more]() CRYPTO - Bitcoin pullback to $66K triggers $250M in crypto liquidations as traders brace for 'wild Wednesday' of FOMC, CPI report ([more]() - NFTs fail to regain appeal as investors turn to new Ether ETFs ([more]() BULLISH BITES 🦷 Raise race: Blackstone’s [high-class problem](: too many rich dentists. 🚀 Next big bet: "[This could be worth even more than A.I.](" * 📚 On the rise: AI is getting very [popular]( among students and teachers, very quickly. 💬 Babble on: First came ‘spam.’ Now, with A.I., we’ve got ‘[slop](’. 🍷 Uninvited: A restaurant wanting a ‘[grown and sexy](’ vibe bans diners under 30. News You May Have Missed Which Stocks Have Cyclical Price Patterns? Let's get right to it! In this edition, we spotlight stocks that historically have risen... [Top Warren Buffett-Backed Companies to Watch in 2024]( Berkshire Hathaway Chair Warren Buffett is a legendary value investor, buying great companies with long-term potential at reasonable prices for massive gains over time. He maintains a diversified port... [Read More]( [3 Energy Dividend Stocks to Buy While They're Cheap]( Oil prices took a hit earlier this week, triggered by OPEC's decision to ramp up production. However, prices swiftly bounced back from their four-month lows, as optimism surrounding anticipated... [Read More]( DAILY SHARE [tw profile: greg] greg @greg16676935420 [tw] I have decided that I’ll be throwing away all of my Apple devices. All tweets from here on out will be posted from my refrigerator. Jun 10, 2024 19.5K Likes 528 Retweets 809 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Branding 101 Jun 10, 2024 9.6K Likes 631 Retweets 48 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Crypto looking at GameStop Jun 11, 2024 132 Likes 6 Retweets 14 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners 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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