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- π $4.5 trillion in tax cuts coming
π $4.5 trillion in tax cuts coming
𫨠And a $4 trillion debt ceiling hike to match
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Yesterday, I learned that India is possibly the best investment opportunity of our generation.
Big Pharma manages symptoms. This startup resolves the root cause.
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Note: these favorable terms sunset February 15th
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To learn more about Sen-Jam without giving permission to email, βclick hereβ.
π° Market Headlines
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Markets tumbled as a hotter-than-expected inflation report killed hopes for potential rate cuts.
The Dow dropped 0.5%, the S&P 500 fell 0.27%, and the Nasdaq Composite gained 0.03%.
Inflation rose more than expected in January, with core prices up 0.4% monthly and 3.3% annually.
President Trump announced plans for reciprocal tariffs, escalating fears of a global trade war and potential inflationary pressures.
Oil prices sank 2% after President Trump initiated talks with Putin and Zelenskiy to end the Ukraine war.
Congress is moving ahead with a new tax plan. It will deliver $4.5 trillion in tax cuts, a goal of spending reduction by $2 trillion, and a $4 trillion increase to the debt ceiling.
π¨ House Republicans release budget resolution ahead of a markup Thursday.
β’ $4.5 trillion in new deficits for tax-writing Ways & Means Cmte
β’ $4 trillion debt limit hike
β’ $110 billion for Judiciary Cmte, $90 billion for Homeland Security Cmte (which oversee immigration)β¦ x.com/i/web/status/1β¦
β Sahil Kapur (@sahilkapur)
3:37 PM β’ Feb 12, 2025
The Trump administration rescinded the Biden-era Title IX guidance that would have required equal NIL revenue distribution between men's and women's college sports.
π§ Make yourself heard
I need you all to help me understand some logic, please.
If you answer yes below, please comment to help me understand.
Can you help me understand how this new bill balances the budget? |
π Ideas, trends, and analysis
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Inflation is ticking back up after sharp reductions in 2024.
Hate speech has risen 50% on X after Musk's acquisition, with "likes" on hate posts jumping 70%.
The USDA expects egg prices to rise another 20% this year.
Climate change threatens global chocolate supplies, with cocoa prices surging 136% since July 2022.
π± Fear and Greed Index
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π Winners and losers
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Get $20 free shares at βpublic.comβ using code ALTSCO.
Earnings, upgrades, and acquisitions
Cisco raised its 2025 revenue forecast on strong AI-driven networking demand and shares climbed 7%.
CVS Health projected Medicare Advantage membership to decline by high single digits with shares advancing 14.95%.
MGM Resorts topped Q4 profit estimates, driven by strong bookings and casino revenue from China, as shares surged 9%
Reddit reported weaker-than-expected Q4 user numbers, citing Google algorithm changes, while shares tumbled 15%.
Robinhood posted record Q4 profit as transaction revenue soared 236%, boosted by crypto trading revenue up 700%; shares jumped 14%.
The Trade Desk missed Q4 revenue expectations and shares plummeted 23.3%.
Market movers
Uber, Lyft, and DoorDash drivers announced plans to strike on Valentine's Day to demand better pay.
X settled President Trump's lawsuit for $10 million, following Meta's $25 million settlement last month over account suspensions.
Chevron announced plans to lay off up to 20% of its workforce as part of a cost-cutting initiative.
Redfin said it is laying off 450 employees in its rental division, coinciding with a new partnership with Zillow.
π Global Perspectives
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π±π§ Lebanese President Joseph Aoun urged Israel to withdraw from south Lebanon by February 18.
π΅π The Philippines is using a transparency initiative to counter China's aggressive tactics in the South China Sea.
π«π· Wildfires burned over 55% of Amsterdam Island.
π·πΊ Russia's space chief Yuri Borisov was mysteriously fired after rumors of failed missile tests and stagnating space efforts.
π§π· Brazil's President Lula has begun to push for oil exploration near the Amazon to fund green energy projects.
This tech company grew 32,481%...
No, it's not Nvidia... It's Mode Mobile, 2023βs fastest-growing software company according to Deloitte.
Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.
Theyβve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.
*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.
π Crypto
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JPMorgan's crypto holdings reached $1 million through ETFs, with Bitcoin exposure up 69% from last quarter.
VanEck estimated state-level Bitcoin reserve bills could drive $23 billion in buying.
π€ What you said last time
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What you had to say:
βGlad I wasn't the only one who didn't know.β
π§ Miscellanea
A 14-year-old Indian "human calculator" shattered six world records in one day. [Ed: heβll be replaced by AI soon]
Denmark started a viral petition to buy California in response to Trump's Greenland ambitions.
NASA's Curiosity rover spotted ethereal "mother-of-pearl" clouds floating 50 miles above Mars' surface.
Norwegian salmon farm offering $44 for each of their 27,000 escaped fish.
πΊ What to Watch Today
Thatβs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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