HaiKhuu Weekly Recap & Analysis
January 6- January 10, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
The Supreme Court signals it’s likely to uphold TikTok ban in U.S. if it isn’t sold by its Chinese parent company by Jan. 19th
Nvidia and Uber just announced they are working together on new solutions to support the development of AI-powered self driving technology
Medicare can now cover Eli Lilly’s weight loss drug Zepbound for sleep apnea
Major Indices’ Weekly Movement:
S&P 500: -1.20%
Nasdaq: -1.19%
Dow Jones: -1.52%
Monday, January 6
Stock Related News:
Disney and FuboTV are nearing a deal to combine their online live TV businesses
Quotes from Jensen Huang’s keynote:
“The Autonomous Vehicle revolution has arrived”
“Blackwell is in full production”
“I think the next couple of years humanity will produce more data than all of humanity has ever produced since the beginning”
Economic News:
Services PMI:
(Previous 56.1, Actual 56.8)
Factory Orders:
(Previous 0.5%, Actual -0.4%)
Major Indices:
S&P 500: +0.58%
Nasdaq: +1.15%
Dow Jones: -0.01%
Tuesday, January 7
Stock Related News:
Nvidia and Uber just announced they are working together on new solutions to support the development of AI-powered self driving technology
Microsoft announced plans to invest $3 Billion in India over the next 2 years for “cloud and AI infrastructure”
JPMorgan is planning to have its staff return to the office 5 days a week
President-Elect Donald Trump plans to announce a new $20 Billion investment to build new AI data centers
AI startup Anthropic is in advanced talks to raise $2 billion dollars in a deal that would value the company at $60 billion
Economic News:
Trade Deficit:
(Previous -$73.6B, Actual -$78.2B)
ISM Services:
(Previous 52.1%, Actual 54.1%)
Job Openings:
(Previous 7.8M, Actual 8.1M)
Major Indices:
S&P 500: -1.13%
Nasdaq: -1.78%
Dow Jones: -0.42%
Wednesday, January 8
Stock Related News:
Facebook announced it will start showing eBay listings on Facebook Marketplace for buyers in the US, Germany, and France under a test launch
FOCM Minutes:
Fed Officials expected to slow pace or rate cuts after December meeting
Elon Musk and Tesla officially filed to appeal the Delaware court’s decision to block his 2018 $56 billion compensation package
Medicare can now cover Eli Lilly’s weight loss drug Zepbound for sleep apnea
President Biden to further curb Nvidia and AI Chip exports in final push
Disney said today it has an estimated 157 million global monthly users watching ad-supported content across its streaming platforms, Disney+, Hulu, and ESPN+
Arm Holdings is reportedly considering an acquisition of Ampere Computing
Economic News:
ADP Employment:
(Previous 146k, Actual 122k)
Initial Jobless Claims;
(Previous 211k, Actual 201k)
Wholesale Inventories:
(Previous 0.2%, Actual -0.2%)
Consumer Credit:
(Previous $17.3B, Actual -$7.5B)
Major Indices:
S&P 500: +0.15%
Nasdaq: +0.02%
Dow Jones: +0.19%
Thursday, January 9
Stock Related News:
Markets Closed in Honor of President Jimmy Carter
Friday, January 10
Stock Related News:
Fed’s Schmid:
“Interest rate policy may be ‘near’ where it needs to be for longer run”
Constellation Energy has agreed to acquire Calpine for $16.4 billion
Disney and Warner Bros Discovery call off plans to launch Venu sports streaming service
Bank of America just said it thinks the rate cutting cycle is OVER and the “conversation should move to hikes”
The Supreme Court signals it’s likely to uphold TikTok ban in U.S. if it isn’t sold by its Chinese parent company by Jan. 19th
Eli Lilly is in advanced talks to buy cancer-focused biotech Scorpion Therapeutics in a deal worth up to $2.5 Billion
Amazon is halting some of its diversity and inclusion programs
Meta is terminating major DEI programs, effective immediately
Economic News:
Employment Report:
(Previous 212k, Actual 256k)
Unemployment Rate:
(Previous 4.2%, Actual 4.1%)
Hourly Wages:
(Previous 0.4%, Actual 0.3%)
Major Indices:
S&P 500: -1.53%
Nasdaq: -1.56%
Dow Jones: -1.60%
