☕️ Good morning. Final jobs report for 2023 today at 8:30 am ET.

The Fast Five → Today’s jobs report will be a big signal for a market looking for good news, US awards chip supplier $162M to bolster critical industries, Jeff Bezos bets on Google challenger Perplexity to upsend search, Peleton partners with TikTok offering short-form fitness, and Google just disabled cookies for 30 million Chrome users…

Here’s your 5-minute briefing for Friday:

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BEFORE THE OPEN

MARKETS

• US stocks mostly fell, as the Nasdaq fell for a consecutive fifth session

• The Nasdaq fell 0.56%, while the Dow closed up 0.03%

• European stocks rose even as Germany’s inflation accelerated to 3.8%, its fastest rate since December; French consumer prices rose in line with expectations

EARNINGS

• Walgreens Boots Alliance shares fell ~5% despite beating adjusted earnings and revenue expectations due to cutting its quarterly dividend nearly in half (link)

• What we're watching this week:

  • Today: Constellation Brands

• Full calendar here

NEWS BRIEFING

Biden Admin Awards Chip Supplier $162 Million to Bolster Critical Industries

Search Startup Perplexity AI Valued at $520M In Funding from Bezos, Nvidia

• Today’s jobs report will be a big signal for a market looking for good news (link)

• US jobs report to show hiring concentrated in only a few sectors (link)

• Peloton shares jump as it partners with TikTok to offer short-form fitness classes, other content (link)

• US regulator denies Apple, Disney bids to skip votes on AI (link)

• Supermarket giant drops Pepsi and Lay’s over price increases (link)

• Morgan Stanley drops contrarian bet for dollar to rally in 2024 (link)

• OpenAI says it’s in talks with dozens of publishers about licensing content (link)

• Apple hit with second downgrade this week on iPhone worries (link)

• Summit Partners halts new deals in booming credit market (link)

• Google is finally killing cookies, and advertisers still aren’t ready (link)

• EV startup Fisker ditches Tesla-style direct sales model (link)

• Mobileye crashes into auto-chip pileup (link)

• NYC mayor sues Texas charter bus companies transporting migrants (link)

• BlackRock’s Lynam calls early credit drop a ‘healthy correction’ (link)

• US crude oil stocks fell 5.5M barrels in week ended Dec. 29 (link)

• Peloton shares surge 15% as it partners with TikTok to offer short-form fitness classes (link)

• Wall Street’s ambitions in China run into a rising firewall (link)

• SpaceX charged with illegally firing workers who spoke critically of Elon Musk (link)

• Buyers shun Argentina reconstruction bonds for second straight week (link)

CRYPTO

• Indian banks paid some employee benefits through the digital rupee in December (link)

• According to a Bloomberg ETF analyst, an ether ETF is likely coming, as the SEC implicitly accepted Ether as a commodity (link)

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BULLISH BITES

• The news is usually filled with doom and gloom headlines, but this site compiled a list of 177 ways the world got better in 2023.

• Casey Newton wrote about why Substack is at a crossroads with its “0 content moderation” policy.

FEATURED TRADES

$DV - 'Best of the Best' stock gets a $45 price target

DoubleVerify is a software platform that provides online media verification and campaign effectiveness solutions for digital advertisers, agencies, publishers, and platforms. The company offers services that ensure ad viewability, brand safety, fraud protection, and compliance in the fast-growing digital advertising ecosystem.

Ticker: DV | Price: $34.32 | Price Target: $45 (+31%) | Timeframe: 18-24 months

📢 Ad Tech | 📈 Bullish Idea

Read the full article here. Read time: 2 min

DAILY SHARES

Keep the curation going! Buy the team a coffee ☕️