☕️ 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.

Here’s your 5-minute briefing for Monday:

A Message From Bay Area Times

Get business/tech news just with graphics

We explain the latest business, finance, and tech news with visuals and data. 📊

All in one free newsletter that takes < 5 minutes to read. 🗞

Save time and become more informed today.👇

*Please support my sponsors. It’s how I pay the bills to keep this newsletter free :)

If you like Bull Street Talk , then you will love The SPY Options Actionable Levels. Check it out here:

BEFORE THE OPEN

MARKETS

• US stocks slightly rose on Friday, but all three major indices snapped a nine-week winning streak

• The S&P led indices with a 0.18% gain

• Traders will be watching this week’s CPI, PPI, and unemployment claims for clues to the Fed’s next possible moves

EARNINGS

• What we're watching this week:

  • Today: Jefferies

  • Tuesday: Albertsons, Tilray

  • Thursday: Infosys

  • Friday: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, United Health, BlackRock, Delta Air Lines

• Full calendar here

NEWS BRIEFING

Congress Reaches Spending Cap Deal to Avoid Government Shutdown

Largest U.S. Radio Company Audacy Files for Bankruptcy Protection as Ad Sales Tank

• Bill Ackman vows retribution: accuses media of breaking ‘sacred code’ after plagiarism allegegations against wife published (link)

• Boeing CEO’s comeback plan for 2024 takes a blow five days in (link)

• Nation's top economists are short-term happy, long-term glum (link)

• What to expect at CES 2024: AI, AI and more AI (link)

• Chastened economists hopeful for US soft landing, Fed rate cuts (link)

• Apple shares slip on report U.S. government preparing antitrust lawsuit (link)

• Elon Musk has used illegal drugs, worrying leaders at Tesla and SpaceX (link)

• JPMorgan strategists see treasuries’ rally resuming after ‘rest’ (link)

• Congressional negotiators reach agreement on $1.6T government spending level for 2024 (link)

• US probes Alaska Airlines door panel in Boeing blowout (link)

• Xi’s solution for China’s economy risks triggering new trade war (link)

• Short sellers see distress emerging in apartments as borrowing costs surge (link)

• Vietnam EV maker VinFast names parent founder Vuong as CEO (link)

• Job gains picked up in December, capping year of healthy hiring (link)

• NASA, UAE partner on space station that orbit the moon (link)

• Hedge fund D1 Capital Parters stung by venture bets for second straight year (link)

• ‘Derisking’ China-reliant supply chains is creating new risks (link)

CRYPTO

• US spot Bitcoin ETFs could win approval after last-minute application updates (link)

• Crypto job postings on LinkedIn declined 57% YoY in December (link)

You Can Sponsor this Newsletter details here.​

BULLISH BITES

💲 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

FEATURED TRADES

Wells Fargo added $FLYW to their tactical longs list

Flywire Corp is a financial technology firm specializing in international payment solutions, aiming to enable payments and receivables for organizations across the education, healthcare, travel, and other industries.

Ticker: FLYW | Price: $21.45 | Price Target: $33 (+54%) | Timeframe: 2025

💸 Fintech | 📈 Bullish Idea

Read the full article here. Read time: 2 min

DAILY SHARES

Keep the curation going! Buy the team a coffee ☕️