📈 Apple's 'next big thing'

Good morning.

The Fast Five → Powell says Fed has time to assess data before cut decisions, Apple explores home robotics as ‘next big thing’, US economy continues to shine, Gold plows to another record high, and Spotify is raising prices again…

Calendar: (all times ET)

• Today: Jobless claims, 8:30am

• FRI 4/5: Unemployment rate, 8:30am

Your 5-minute briefing for Thursday, April 4:

BEFORE THE OPEN

PRE-MARKET

MARKETS

• US stocks inched higher yesterday as investors digested comments by J Pow hinting rate cuts are still not in sight

• Gold topped $2.3k to another record high

• Oil hit a five-month high

• Copper hit a thirteen-month high

• US dollar index is up 3.3% YTD

EARNINGS

• Levi’s rose ~8% on a Q1 beat-and-raise driven by a boom in D2C, with half its sales happening online (link)

• What we're watching this week:

  • Today: Lamb Weston

• Full calendar here

NEWS BRIEFING

Powell Says Fed Has Time to Assess Data Before Deciding to Cut

Apple Explores Home Robotics as Potential ‘Next Big Thing’

• US economy continues to shine with help from consumers, labor market (link)

• Gold plows to record high after Powell's remarks (link)

• Hedge funds rallied in Q1, with systematic L/S and tech funds up ~11% (link)

• ISS said Goldman should split CEO and chairman roles (link)

• Bridgewater's co-CIO said dollar and gold gains are 'anomalies' (link)

• Women representation in C-suite roles fell for the first time (link)

• Spotify is raising prices again (link)

• Google plans to charge for AI-powered search engine (link)

• PIMCO sees rate cuts midyear, but gradual easing (link)

• Wall Street is bracing for a tax season liquidity test (link)

• Powell sticks with Fed's cautious rate-cut strategy (link)

• Two Trump SPAC investors pled guilty to insider trading (link)

• Steve Cohen said Point72 can save $25M by using AI (link)

• Disney won its proxy fight against activist investor Peltz (link)

• Amazon cuts hundreds of jobs in cloud-computing business (link)

• ExxonMobil expects weak oil and gas prices to hit Q1 profit (link)

• JPMorgan Chase launched a digital media business (link)

CRYPTO

• Ex-legal and compliance head for $4B crypto scam OneCoin was sentenced to four years for money laundering (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

🤖 Rundown: YC’s Winter 2024 Demo Day confirms that we are indeed in an AI bubble.

🫡 Tech pledge wanted: Billie Eilish, Nicki Minaj, Stevie Wonder and more musicians demand protection against AI.

🚗🚙 Decisions, decisions: Understanding the slow and messy switch to electric cars.

📟 Next-level: Welcome to the AI gadget era.

DAILY SHARES

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