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 👀 

• US Employers added 187k jobs last month, unemployment rises to 3.8%.

• Facebook (META) announces its it may allow users in Europe to pay and avoid ads.

• X (TWTR) company is suing non-profit organization Center for Countering Digital Hate over driving advertisers away from the platform.

• Softbank (SFTBY) chipmaker Arm could be priced in the $47-$51 range valuing the company >$50b at IPO.

• Goldman Sachs (GS) cuts the chances of a recession to 15% now as inflation improves.

• Facebook (META) effective today will require employees to come into the office at least three days a week.

• Saudi Arabia announces it till continue its reduced 1m barrels of oil a day through December.

• BMW announces it will leverage Amazon’s cloud technology to build its autonomous driving features in future EVs.

• Mercedes unveils an EV with a 466 mile range.

• United Airlines (UAL) had to ground flights nationwide for a brief period today.

Earnings 💸

• Zcaler (ZS)

  • EPS: $0.64 beats (exp. $0.49)

  • Revenue: $455m beats (exp. $431m)

• Gitlab (GTLB)

  • EPS: $0.01 beats (exp. $-0.03)

  • Revenue: $139.6m beats (exp. $126m)

• Asana (ASAN)

  • EPS: $-0.04 beats (exp. $-0.34)

  • Revenue: $162.5m beats (exp. $158m)

  S&P 500 Heat Map

Recap Around the Street 🧠

Jobs data came out Friday, 187k jobs added for the month of August, category breakdown seen below.

We’re approaching pre Covid normalization on the labor front. Greater participation should help ease hiring pressures. (Contributed by Benjamin Lavine, CIO at 3D/L Capital).

Market Preview 🎞️

• Wednesday, September 6th: MBA mortgage applications; Trade balance; S&P Global US services and composite PMIs; ISM services index; Fed beige book

• Wednesday earnings: C3.AI (AI), UiPath (PATH), Gamestop (GME), Dave & Busters (PLAY), and Charge Point (CHPT)

• Thursday, September 7th: Weekly jobless claims; Non-farm productivity;

• Thursday earnings: DocuSign (DOCU), and RH (RH)

• Friday, September 8th: Consumer credit; household change in wealth

• —> 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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