📈 Apple's $17B rescue

☕️ Good Morning.

The Fast Five → Apple plans rescue for $17 billion watch business facing ban, Adobe and Figma call off $20 billion acquisition, Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction, antitrust regulators issue new merger rules amid crackdown, and Nikola founder sentenced to four years in prison for fraud…

Here’s your 5-min briefing for Tuesday:

BEFORE THE OPEN

MARKETS

• US stocks rose even as Fed officials attempted to rein in expectations for rate cuts

• The Nasdaq led indices with a 0.63% gain

• Asian stocks mostly fell due to worries about China’s economy

EARNINGS

• What we're watching this week:

• Today: FedEx, Accenture

  • Wednesday: General Mills, Micron, MillerKnoll, BlackBerry

  • Thursday: Nike, Carnival

• Full calendar here

NEWS BRIEFING

Apple Plans Rescue for $17 Billion Watch Business in Face of Ban

Adobe and Figma Call Off $20 Billion Acquisition After Regulatory Scrutiny

• Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction (link)

• Global supply chain under threat after militant attacks in the Red Sea (link)

• Antitrust regulators issue new merger rules amid crackdown (link)

• Long-dated US Treasury bonds are now in bull market (link)

• US Dollar sideways with Fed warning markets they are wrong (link)

• Mega-cap tech leads US stocks higher as Dow Jones hits another record high (link)

• Homebuilder sentiment rises more than expected as mortgage rates fall (link)

• BOJ avoids rate hike signal as it stands pat, driving Yen lower (link)

• Dealmakers to miss $3 trillion mark for first time in 10 years (link)

• Goldman Sachs faces rocky exit from Apple credit card partnership (link)

• Nikola founder Trevor Milton sentenced to four years in prison for fraud (link)

• Amazon is spending $10 billion in challenge to Musk's Starlink (link)

• Google to pay $700 million to U.S. consumers, states in Play store settlement (link)

• Hindenburg’s Adani, Icahn calls mark year of prominent bets (link)

• OpenAI is giving its board veto powers over Sam Altman (link)

CRYPTO

• US court approves for Binance to pay $2.7B to CFTC (link)

• The SEC delayed its decision on the listing of the Grayscale Ethereum Futures Trust ETF (link)

• Coinbase petitioned a US appeals court to review the SEC’s denial of its request for crypto rules (link)

BULLISH BITES

🕺 Watch: Dancing Iranian taxi driver becomes unlikely symbol of resistance.

🎁 Last minute: Gifts you can get at... the grocery store.

🎅🏻 Pitch deck: Some kids are getting more sophisticated with their Christmas lists, creating a vibe that’s more sales pitch than Santa.

🍺 Beer to Bitcoin: The 'most interesting man in the world' of Dos Equis fame is now the face of a Bitcoin ETF provider.

FEATURED TRADES

$AMZN price target to $185 at Piper Sandler

Amazon is a multinational technology company focusing on e-commerce, cloud computing, digital streaming, artificial intelligence, and more. It is one of the largest internet companies by revenue and market capitalization.

Ticker: $AMZN | Price: $154.07 | Price Target: $185 (+20%) | Timeframe: N/A

📦 E-commerce | ☁️ Web Services | 📈 Bullish Idea

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DAILY SHARES

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