💼 'The time has come'

PLUS - Sales set to double for Nvidia -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 August 26, 2024 | [Listen Online]( | [Read Online]( First time here? [Sign up]([»]( A quick favor? Hit ‘reply’ and tell us your current top stock pick! Why? we are changing our send domain which may cause some bumps in delivery. When you ‘reply’ it “tells” your email provider to keep briefings in your primary inbox (plus we’ll share the stock picks!) - thank you. Good morning. The Fast Five → Jerome Powell says the [magic words](, sales set to [double]( for Nvidia, job market may be near [tipping point](, NASA [snubs]( Boeing for SpaceX, and Telegram app CEO [arrested]( in France… American dodged a crisis: [Discover Dr. Weiss’s 3 critical steps to safeguard your future before sweeping changes hit »]( A message from Weiss Research Calendar: (all times ET) - Full calendar [here]( - Today: Durable-goods orders, 8:30A - Tomorrow: Consumer confidence, 10:00A Your 5-minute briefing for Monday, August 26: BEFORE THE OPEN As of market close 8/23/2024. Bitcoin as of 8/25/2024. Pre-Market: US Investor % Bullish Sentiment: ↑51.61% for Wk of August 22 2024 Last week: 42.54%. Updates every Friday. Market Wrap: - Stock futures slightly down: S&P and Nasdaq off 0.1%, Dow -16 points. - Last week’s gains fueled by Powell hinting at rate cuts. - Equities rebounded; S&P now within 1% of record high. - Rate cut timing/size uncertain, but Sept. cut expected. EARNINGS Here’s what we’re watching this week: - Tuesday: Nordstrom ([JWN]() - Wednesday: Abercrombie & Fitch ([ANF](), CrowdStrike ([CRWD](), Five Below ([FIVE](), Kohl's ([KSS]() - [Nvidia (NVDA)]( - earnings of $.57 per share (lower than Q1 due to the 10-for-1 stock split) on $25.6B revenue, nearly double the $13.5B it reported in the year-ago period. - [Salesforce (CRM)]( - earnings of $2.36 per share (+11.5% YoY) on $9.2B revenue (-3.8% YoY) - Thursday: American Eagle ([AEO](), Dollar General ([DG](), Gap ([GAP](), Lululemon ([LULU]() -  [Ulta Beauty (ULTA)]( - earnings of $5.52 per share (-8.3% YoY) on $2.6B revenue (+4% YoY) Full earnings calendar [here](. HEADLINES [Fed Chair Powell Says ‘The Time Has Come’ to Cut Rates]( ‘The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, evolving outlook, and the balance of risks,’ Powell said. [Sales Set to Double for Nvidia as AI Frenzy Persists]( Technology giant Nvidia is set to reveal another surge in profits on the back of doubling revenues as it benefits from the rapid adoption of generative AI. - Powell’s pivot leaves traders debating rate cut size ([more]() - 2 big tests ahead determine if last week's excitement was warranted ([more]() - US job market may be near tipping point ([more]() - Gold holds near record after Powell affirms rate cuts ([more]() - Oil climbs on Mideast escalation fears, rate cut expectations ([more]() - Asian stocks eye Fed bounce after Powell speech ([more]() - Bank of China President Liu Jin resigns ([more]() - China slams US for adding firms to export control list, vows action ([more]() - NASA snubs Boeing Starliner for SpaceX ([more]() - Restaurants fight back against the FTC crackdown on ‘junk fees’ ([more]() - UBS activism bankers depart for roles at BofA, Wells Fargo ([more]() - Telegram app CEO arrested in France ([more]() A MESSAGE FROM OUR PARTNER America dodged a crisis — could next time be worse? $34 Trillion of debt, 20% dollar devaluation since 2020, $1 TRILLION spent every 100 days. If you thought things were already bad in the U.S., Dr. Martin Weiss reveals how the next crisis could lead to unprecedented government and financial control. But there's still time to act. [Discover Dr. Weiss’s 3 critical steps to safeguard your future before those sweeping changes hit »]( - sponsored message - DEALFLOW M+A | Investments - Bronfman's Paramount plans include partnerships with Amazon or Apple ([more]() - CVC, DSV submit dueling €14B bids for DB Schenker ([more]() - Meritage explores $2 bln sale of Columbia Distributing ([more]() - China Mobile buys stake in Huawei smartphone-spinoff Honor ([more]() - Takeover battle for Taiwan Bank heats up with CTBC offer ([more]() - Cloudbreak Health, video remote interpretation services for the healthcare industry, acquired Voyce, a tech-enabled language services provider ([more]() - Husqvarna Group, a manufacturer of products and solutions for managing forests, parks, and gardens, acquired InCeres, a digital platform in the professional light agriculture segment ([more]() - Forge Health, an outpatient mental health and substance use care provider, received a strategic investment from MFO Ventures ([more]() - YA Group, an int’l professional services organization providing consulting, received an investment from THL Partners ([more]() VC - TickPick, an event ticket marketplace, raised $250M from Brighton Park Capital ([more]() - Openwater, a provider of a healthcare platform, raised $100M in total funding ([more]() - Sorella Labs, a crypto startup advancing tools to identify MEV activities and process Ethereum blocks, raised $7.5M in funding ([more]() - Deep Fission, a nuclear energy company, raised $4M in funding ([more]() CRYPTO - Shiba Inu & Avalanche face uncertainty; Rollblock captures crypto whales’ attention ([more]() - Trump announces new crypto project ([more]() - Crypto is dominating corporate election spending ([more]() BULLISH BITES 💰 Get your complimentary [Wealth Protection Kit (3 Guides) »]( * 🏠Pursuits: Marc Andreessen’s family plans to build a [‘visionary’ subdivision]( near the proposed California Forever utopia city. 🛻 Futurism: Cybertrucks are about to get full [self-driving](. 🐝 Good Company: “[Layoff influencers](” take the sting of shame out of losing a job. 💎 See It: [Second-largest]( diamond ever found is discovered in Botswana. DAILY SHARE [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] My uber driver just lost everything. It was nice knowing y’all 11:53 PM • Aug 24, 2024 4.43K Likes 298 Retweets 147 Replies [tw profile: litquidity] litquidity @litcapital [tw] nobody will remember: - your salary - how “busy you were” - how many hours you worked people will remember: - if you circled back - when you circled back - how many times you successfully circled back - how you made them feel when you circled back promptly 4:23 PM • Aug 23, 2024 1.1K Likes 59 Retweets 24 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. 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