Welcome Back,

Together with Sauce Bae 🤝🏽

^{Sauce Bae: The healthy low sodium pineapple habanero and turmeric infused hot sauce that was featured on the multi-million viewer show Hot Ones.}

Market Headlines 👀 

• Moodys (MCO) believes possible government shutdown would make the rating agency re-look at its credit rating on the US.

• Snapchat (SNAP) announces partnership with Microsoft to help power sponsored links using the company AI chatbot.

• Amazon (AMZN) to invest up to $4b in AI startup Anthropic, company competes directly with ChatGPT creator - OpenAi.

• OpenAi ChatGPT can now respond to speech much like Siri and Alexa, in its latest version.

• Facebook (META) aims to attract younger users, and will release multiple new AI chatbot characters this week for a younger userbase.

• Microsoft (MSFT) UK regulators said on Friday after look at a restructured proposal for the Activision Blizzard deal, they are more open to now approving it.

• Amazon (AMZN) announced Prime video users will see ads on a limited basis starting in 2024 and will have to pay $2.99 extra for the ad-free tier.

• Netflix (NFLX) will shut down its DVD subscription business after 25 years this week.

• Microsoft (MSFT) is looking to hire a nuclear energy expert as it looks to help strategize ways to power its datacenters and AI platforms.

• Spotify (SPOT) announces a new feature which will enable podcasts to be translated into various languages simply by using the hosts voice.

Earnings 💸

• No major earnings to report today! But you have Micron, Nike, Carnival Cruises and Costco set to report through the week!

  S&P 500 Heat Map

Recap Around the Street 🧠

Wage growth lagged overall price indices so it will likely lag on the slowdown barring a major collapse in employment. (Contributed by Benjamin Lavine, CIO at 3D/L Capital).

Gasoline heavily influences forward inflation expectations. Higher energy prices following a year over year slowdown presents 2nd wave risk.(Contributed by Benjamin Lavine, CIO at 3D/L Capital).

Market Preview 🎞️

• Tuesday, September 26th: FHFA house price index; New home sales; Conference board consumer confidence

• Tuesday earnings: Costco (COST)

• Wednesday, September 27th: MBA mortgage applications; Durable goods/capital goods orders

• Wednesday earnings: Micron (MU)

• Thursday, September 28th: Weekly jobless claims; Jerome Powell to speak to educators; Pending home sales

• Thursday earnings: Nike (NKE)

• Friday, September 29th: Personal income / spending PCE; University of Michigan sentiment

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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