| Good morning. | The Fast Five → Nvidia's three-day selloff has traders scouring charts for support, ocean shipping prices are near pandemic-era highs, David Rubenstein says Fed rate cuts not likely before election, Trump Media stock (DJT) soars 30%, and Julian Assange is 'free'… | Calendar: (all times ET) | Today: | Consumer confidence, 10:00a | WED 6/26: | New home sales, 10:00a | THU 6/27: | Initial jobless claims, 8:30a
Durable-goods orders, 8:30a | FRI 6/28: | PCE index, 8:30a
Consumer sentiment, 10:00a |
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| | Your 5-minute briefing for Tuesday, June 25: | | BEFORE THE OPEN |  | As of market close 6/24/2024. |
| Pre-Market: | | |
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| US Investor % Bullish Sentiment:
↓ 44.37% for Wk of June 20 2024 (Last week: 44.59%) |
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| | | Market Recap: | Dow +260.88 points (0.67%) S&P -0.31%; Nasdaq -1.09%. Tech fell 2%+; energy up 2.7%; financials & utilities ~1%. Nvidia fell 6.7%; still up 140% YTD. AI enthusiasm lifts market despite rate cut concerns. S&P 500 up 14% YTD after 31 record closes. May PCE inflation data due Friday.
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| | | Here's what we're watching this week: | Today: Wednesday: General Mills (GIS), Levi Strauss (LEVI) Thursday: Lindsay (LNN), McCormick & Company (MKC), Walgreens Boots Alliance (WBA)
| Full earnings calendar here. | |
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| | | | | |  | Disruptions from the diversions around the Red Sea violence are backing up vessels with the peak shipping season still looming. |
| David Rubenstein says Fed not likely to cut rates before the election (more) Fed floats weaker version of planned bank-capital overhaul (more) US approves Freddie Mac pilot program to buy second mortgages (more) Julian Assange is 'free,' will plead guilty to leaking national security secrets (more) Hedge funds turn most bearish on US gasoline in five years (more) Nvidia enters correction territory as slump erases $400B (more) Trump Media stock (DJT) soars 30%, breaking weekslong decline (more) Apple is first company charged with violating EU's DMA rules (more) Novo Nordisk to build $4B factory in US amid weight-loss drug shortages (more) Target taps Shopify to juice its Amazon-like platform (more) Shein files for London IPO as US listing stalls (more) Pfizer testing new non-GLP-1 mechanism for weight-loss drug, CEO reveals (more) Oracle warns that a TikTok ban would hurt business (more)
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| | M+A | Investments | KKR seeks $20 billion for new North America buyout fund (more) Rite Aid wins $200M dispute over Elixir sale to MedImpact (more) Russia's MTS to buy back foreigners' blocked shares for $29M (more) Covestro opens door to ADNOC deal after it raises bid to $12.5B (more) Resource Innovations, a tech-enabled services company focused on energy efficiency and sustainability, acquired Cadeo, a clean energy consulting firm (more) Naomi Watts, actress and advocate for women's health, and L Catterton, a consumer-focused investment firm, announced their partnership in the acquisition of Stripes Beauty (more) JF Fitness, a Crunch Fitness franchisee serving the Mid-Atlantic and Southeastern U.S., received an investment from Trive Capital and 808 Capital Partners (more)
| VC | BillionToOne, a precision diagnostics company, raised $130M in Series D funding at an over $1B+ valuation (more) HeyGen, an AI video generation platform for businesses, raised $60M in Series A funding at a $500M post-money valuation (more) The Picklr, an indoor pickleball franchise, raised a Series B funding, at $59M valuation (more) Daydream, a search and discovery shopping platform, raised $50M in Seed funding (more) Amplify Life Insurance, a digital platform for wealth-building through permanent life insurance, raised $20M in Series B funding (more) Maxterial, a material science company, raised nearly $8M in Series A funding (more) MEandMine, a startup for classroom well-being using AI to identify psychological risks in children, raised $4.5M in funding (more) Coeptis Therapeutics (COEP), a biopharmaceutical company developing cell therapy platforms closed on $4.3M in financing (more) Backstroke, a generative AI messaging platform, raised $2M in Seed funding (more)
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| | | Bitcoin tumbles back to $60,000 to start the week (more) Meme coins are having a moment (more) Trump in talks to speak at Bitcoin convention in July (more) Former Mt. Gox crypto users set to get repayments (more)
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| | | | | | | | | DAILY SHARE |  | Autism Capital 𧩠@AutismCapital |  |
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Save us, Daddy. |  | | | Jun 24, 2024 | | | | | | 76 Likes 2 Retweets 18 Replies |
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|  | Not Jerome Powell @alifarhat79 | |
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Nvidia is down 12% since Cramer said this. Legend! |  | | | Jun 24, 2024 | | | | | | 1.03K Likes 98 Retweets 63 Replies |
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|  | john (not a computer) @AlignDeez | |
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leaving chipotle with a burrito the size of a football | big strong guy, he's a big strong guy @HESaBSG if i were a betting man I'd be short Chipotle going into q2 earnings significant increase in bowl size MoM. talking close to 100% increase feels like the chipotle of yesteryear |
|  | | | Jun 24, 2024 | | | | | | 5K Likes 172 Retweets 4 Replies |
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|  | Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA | |
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Startup idea: a dating app that matches H1B visa holders with American citizens for green card marriage purposes The company then gets 5% equity in the H1B holder's future startup for facilitating the green card marriage | | | Jun 24, 2024 | | | | | | 686 Likes 27 Retweets 43 Replies |
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| What did you think about today's briefing? | |
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