💼 All eyes on CES 2024

What to expect at CES 2024: AI, AI and more AI... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 January 08, 2024 | [Read Online]( ☕️ Good morning. Today @ 11am ET: NVIDIA holding a major press conference that will offer details regarding “a spectrum of cutting-edge technologies.” [Watch it live here]( The Fast Five →  [Congress reaches deal]( to avoid government shutdown, [Audacy]( files for bankruptcy protection as ad sales tank, [top economists]( are short-term happy, long-term glum, gov’t preparing [Apple antitrust lawsuit](, and [what to expect at CES 2024](: AI, AI and more AI. Full briefing ahead, but first… ➡️ [The Yellowbrick Road]( uses AI to find the best stock ideas from billion-dollar hedge funds, professional analysts, and millionaire traders. [Get a free email]( with the top stock ideas every morning. [Sign up for free]( Here’s your 5-minute briefing for Monday: BEFORE THE OPEN As of market close 1/5/2024. Bitcoin as of 1/7/2024. PRE-MARKET: MARKETS: - S&P 500 modestly higher, snapping nine-week winning streak. - Nasdaq up, Dow ticks higher, beekly lout all post wsses. - Stronger-than-expected jobs report prompts Fed rate cut uncertainty. - U.S. economy added 216,000 jobs in December, unemployment rate steady at 3.7%. - Treasury yields spike on strong data, impacting rate cut expectations. - ISM services index below estimates but still above 50% threshold. - 2023 ended with market surge; S&P 500 enjoyed longest weekly winning streak in years. - Large-cap tech stocks like Apple under pressure, downgraded by two research firms. EARNINGS What we’re watching this week: - Wednesday: - [KB Home (KBH)]( - expected: $1.70 per share (-31.2% YoY) on $1.6 billion revenue (-16.4% YoY) - Friday: Bank of America (BAC), BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM) - [Delta Air Lines (DAL)]( - expected: $1.16 per share (-21.6% YoY) on $13.6 billion revenue (+10.3% YoY) - [Wells Fargo (WFC)]( - expected: $1.22 per share (+100.0% YoY) on $20.3 billion revenue (+3.5% YoY) Full earnings calendar [here]( HEADLINES [Congress Reaches Spending Cap Deal to Avoid Government Shutdown]( House speaker presents FY24 spending cap of $1.59 trillion. Clears way for detailed talks on federal agencies’ budgets. [Largest U.S. Radio Company Audacy Files for Bankruptcy Protection as Ad Sales Tank]( The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion, the company said in a statement on Sunday. - Nation's top economists are short-term happy, long-term glum ([more)]( - Bond traders seize on 4% yields, confident Fed rate cuts coming ([more]() - JPMorgan strategists see Treasuries’ rally resuming after ‘rest’ ([more]() - Here’s where the jobs are for December 2023 — in one chart ([more]() - US payrolls increased by 216,000 in December, much better than expected ([more]() - Short sellers see distress emerging in apartments as borrowing costs surge ([more]() - FAA grounds more than 170 Boeing 737 Max 9s after section of Alaska Airlines plane blows out ([more]() - Saudis cut crude prices to all regions amid oil-price weakness ([more]() - Apple shares slip on report U.S. government preparing antitrust lawsuit ([more]() - Carta customers say platform tried to trade their shares without consent ([more]() - Alphabet’s Isomorphic Labs to collaborate with Novartis, Lilly ([more]() - What to expect at CES 2024: AI, AI and more AI ([more]() - Gen Zers who want the buzz but not the hangover are fueling a nonalcoholic spirits boom ([more]() DEALFLOW M & A | INVESTMENTS - Southwestern, Chesapeake Energy close to $17B merger ([more]() - Mainsail Financial Group acquires John L. Gunn & Associates ([more]() - Brookfield purchases American Tower India Operations ([more]() - HMP Global acquires Drug Channels Institute ([more]() - Brookfield to buy ATC India for $2.5B, become country's top telecom tower firm ([more]() - Synopsys in advanced talks to acquire software maker Ansys ([more]() - Platinum Equity, an investment firm, acquired Horizon Organic, and Wallaby, from Danone ([more]() - Mimecast, an email and collaboration security company, acquired Elevate Security, a provider of human risk management solutions ([more]() - Elevance Health (NYSE: ELV), a healthcare company, acquired Paragon Healthcare, Inc., a company specializing in life-saving and life-giving infusible and injectable therapies ([more]() - Vance Street-backed Micronics buys Solaft ([more]() - Reimagine Care, a provider of virtual-first cancer care, received an investment from Oncology Ventures, a cancer-focused venture capital fund ([more]() - Heart + Paw, veterinary and multi-service pet care company, received a strategic growth investment from Whistler Capital Partners ([more]() - RoundTable invests in EHOB ([more]() - Standard BioTools completes merger with SomaLogic ([more]() VC - CRISPR QC, a biotechnology startup, secured funding from Xcellerant Ventures in its ongoing Series A funding round ([more]() - Ceretype Neuromedicine, a company specializing in the practical application and integration of functional MRI (fMRI), closed its second round of seed financing ([more]() - Moonwalk Biosciences, a genomic medicine company, raised $57M in Seed and Series A funding ([more]() - Clarametyx Biosciences, a clinical-stage company developing targeted, immune-enabling biologic therapies to counter persistent infections associated with biofilms, raised $33M in Series A funding ([more]() - Nabla, a provider of an ambient AI assistant for practitioners, raised $24M in Series B funding ([more]() - Medallion, a provider of a direct artist-to-fan platform, raised $13.7M in Series A funding ([more]() - Credo Health, a company specializing in technology for value-based care, raised $5.25M in Seed funding ([more]() - Hatz AI, a provider of a platform that allows MSPs to deliver AI to their customers, raised $2.5M in funding ([more]() FUNDRAISING - Banner Ridge Partners, a private equity investment firm, has completed fundraising for Banner Ridge Secondary Fund V (“BRP V”), at £2.15 Billion ([more]() - TCG Crossover, a life sciences-focused investment firm with a flexible mandate to invest in both private and public companies, closed its second fund, TCGX Fund II, with $1B in capital ([more]() - Exponent Founders Capital, an early stage venture capital firm, launched and disclosed it has raised $125M to date ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - US spot Bitcoin ETFs could win approval next week after last-minute application updates ([more]() - If a Bitcoin ETF is approved, here’s what may happen ([more]() BULLISH BITES 📚 What we’re reading: [The Yellowbrick Road]( uses AI to find the best stock ideas from billion-dollar hedge funds, professional analysts, and millionaire traders. [Get a free email]( with the top stock ideas every morning. [Sign up for free]( 💲 Visualized: Check out the 2023 U.S. economy, [in a dozen charts](. 🍔 Going viral: [Burger King employee]( buys first home using GoFundMe money—he received over 14,000 donations. 🌱 New funds: Early-stage [fintech startups]( just got more funding sources. 🧋 Starbucks who? [This expanding coffee chain]( continues rocketing toward profitability with a community all its own DAILY SHARES [tw profile: Nick (⚠️)] Nick (⚠️) @NickatFP [tw] State school trash rise up Jan 7, 2024 1.39K Likes 87 Retweets 15 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Business Insider calling up Carl Icahn Jan 6, 2024 1.12K Likes 55 Retweets 16 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( 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: MarketBriefing is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the MarketBriefing team. [tw]( Update your email preferences or unsubscribe [here]( © 2024 MarketBriefing 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv](