💼 Fed goes big

Fed meeting recap -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 September 19, 2024 | [Listen Online]( | [Read Online]( Good morning. The Fast Five → Traders got their [big rate cut](, Fed meeting [recap](, Dalio calls upcoming election the [most consequential](of his lifetime, [Boeing]( furloughs tens of thousands, and GameStop CEO Cohen to pay [$1 million fine](… 📈 From Porter Stansberry: [Bezos, Gates, Altman investing in abandoned towns »]( * Calendar: (all times ET) - Full calendar [here]( - Today: Initial jobless claims, 8:30 am Existing home sales, 10:00A pm - Tomorrow: [none scheduled] Your 5-minute briefing for Thursday, September 19: BEFORE THE OPEN As of market close 9/18/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 39.80% for Week of September 12 2024 Last week: 45.33%. Updates every Friday. Market Wrap: - Stocks closed lower after Fed's 0.5% rate cut raised concerns over economic weakness. - Dow fell 103 points (0.25%), S&P -.29%, Nasdaq -0.31%. - Fed cut rates to 4.75%-5%, first cut in 4 years as inflation cools. - Traders initially cheered the cut, but stocks failed to hold gains. - Powell said no economic downturn is expected. - S&P up 18% YTD, over 1% gains in the past month. EARNINGS Here’s what we’re watching this week: - Today: Cracker Barrel ([CBRL](), Darden Restaurants ([DRI]() - [FedEx (FDX)]( - earnings of $4.85 per share (+6.6% YoY) on $22B revenue (+3.8% YoY) - [Lennar (LEN)]( - earnings of $3.63 per share (-6.2% YoY) on $9.2B revenue (+8.4% YoY) Full earnings calendar [here](. HEADLINES [Traders Got Their Big-Rate-Cut and Markets Still Couldn't Rally]( US stock indexes edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. [Ray Dalio Calls Upcoming Election the Most Consequential of His Lifetime]( Asked about who he supported in the presidential race, Dalio said: “Neither is what the country needs.” - Fed meeting recap ([more]() - Fed forecasts lowering rates by another half point before the year is out ([more]() - Powell downplays impact of rate cut on Trump-Harris presidential race ([more]() - Bond market gets Fed wake-up call after pricing in a recession ([more]() - Homeowners scramble to refinance with mortgage rates at two-year lows ([more]() - Dollar claws back losses after Fed goes big ([more]() - Oil prices fall as US rate cut fails to boost market sentiment ([more]() - Fed jolts Asian assets ([more]() - Boeing furloughs white-collar workers as strike worsens cash crunch ([more]() - Teamsters decline to endorse Trump or Harris for President ([more]() - GM EV’s gain access to Tesla chargers ([more]() - JPMorgan appoints banker to oversee juniors’ ‘wellbeing’ ([more]() - GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy ([more]() - Iconic Tupperware brands seeks Chapter 11 bankruptcy ([more]() A Message from Porter Stansberry This Technology Could Swing The Election Whoever wins the presidential election – Trump or Harris – [this energy breakthrough]( could see their popularity skyrocket. Now, billions of dollars are amassing behind this tech, with everyone from Jeff Bezos and Bill Gates to Sam Altman and Warren Buffett [pouring their money into this phenomenon](. Stocks connected to this breakthrough are already moving. Don’t be left behind. - sponsored message - DEALFLOW M+A | Investments - TDR, I Squared Capital said to consider $10 billion Aggreko exit ([more]() - Alaska closes $1.9B acquisition of Hawaiian Airlines after DOT blessing ([more]() - Oracle-backed chipmaker Ampere explores potential sale ([more]() - Playtika to acquire Dice Dreams maker SuperPlay ([more]() - Censia, AI-driven talent intelligence solutions, received an investment from Workday Ventures as part of its Series B investment round ([more]() - CleanArc Data Centers, a developer of renewables-focused hyperscale data center campuses, received an investment from Snowhawk ([more]() VC - Nura Bio, a biopharmaceutical company developing neuroprotective for neurological diseases, raised more than $140M in Series A funding ([more]() - Air Company, a carbon conversion technology company, raised $69M in Series B funding ([more]() - Arzeda, a protein design company, raised $38M in funding ([more]() - Intezer, a company specializing in AI-powered tech for autonomous security operations, raised $33M in Series C funding ([more]() - PictorLabs, a software company transforming histopathology with AI-powered virtual staining, raised $30M in Series B funding ([more]() - Cherre, a real estate data management and intelligence platform, raised $30M in Series C funding ([more]() - Point.me, a points and travel reward search platform, raised $15M in Series B funding ([more]() - e6data, a provider of a lakehouse compute engine for enterprise data analytics, raised $10M in funding ([more]() - With, an end-to-end platform for all city offerings to its communities, raised $10M in Seed funding ([more]() - Knit, a platform dedicated to streamlining the consumer research process using AI, raised $9M in funding ([more]() - Fermah, a universal proof generation layer, raised $5.2M in Seed funding ([more]() - Edera, a secure-by-design Kubernetes and AI solution, raised $5M in Seed funding ([more]() - Sitewire, a cloud and mobile construction finance platform, raised $3.17M in Seed funding ([more]() - Upfront, a real estate finance platform, raised $2.5M in funding ([more]() - Prof Jim, an education startup, raised 1.5M in funding ([more]() - Syntax Bio, a preclinical-stage biotech company, raised a funding round of undisclosed amount ([more]() - FeedbackNow, a company specializing in operational analytics for physical spaces, raised an undisclosed amount in Series A round ([more]() CRYPTO - Bitcoin briefly hits $61K before selloff ([more]() - Binance CEO says exchange saw 40% growth in institutional, corporate investors ([more]() - Trump buys fans burgers and pays with Bitcoin at New York bar ([more]() - Fintech giant Revolut is said to be planning to issue a stablecoin of its own ([more]() BULLISH BITES 📈 Breakthrough: [Billions are flowing into weird Appalachian technology]( * 🤖 Futurism: AI-powered weed-killing robots [threaten]( a $37 billion market. 😎 Trending: Snap is trying to make computers [fun again](. 💧 Takes a Toll: A bottle of water per email: the [hidden costs]( of using AI. 🚞 Otherworldly: This [sleeper carriage]( on the Venice Simplon-Orient-Express comes complete with a fireplace, library, tea room, and full-time butler. DAILY SHARE [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] Saying 50bps instead of 0.5% 7:59 PM • Sep 18, 2024 17.8K Likes 1.48K Retweets 198 Replies [tw profile: Robert Sterling] Robert Sterling @RobertMSterling [tw] it's the truth 12:03 AM • Sep 19, 2024 225 Likes 12 Retweets 10 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] I believe you have my pump. 8:17 PM • Sep 18, 2024 390 Likes 21 Retweets 14 Replies [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] 🤣🤣 12:10 AM • Sep 19, 2024 501 Likes 65 Retweets 64 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 sponsor Disclaimer: Market Briefing© is a news publisher. 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