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Market Headlines 👀 

• US 4th Quarter GDP came in at 3.3% in its first reading.

• US weekly jobless claims came in at 214k; est: 200k.

• US new home sales rise MoM, coming in at 664k; est: 645k.

• US Federal Reserve announces the end of the BTFP program this coming March which was created on the backend of the Silicon Valley banking collapse last year.

• European Central Bank ECB announced they are keeping their rates unchanged at 4.50% for the third straight month.

• Nvidia (NVDA) the US government announces a partnership with Nvidia, Google and Microsoft for a US AI research program.

• Tesla (TSLA) misses on earnings yesterday and announces slower growth.

• Ebay announces layoffs affecting 1,000 people or 9% of its workforce.

• Bloomberg announces AI powered earnings call summaries.

• Microsoft (MSFT) announces layoffs in its gaming division affecting 1,900 employees.

• SAP software company announces layoffs or voluntarily job cuts which could affect up to 8,000 employees.

Earnings 💸

• American Airlines (AAL)

  • EPS: $0.29 beats (exp. $0.08)

  • Revenue: $13.06b beats (exp. $13.05b)

• Blackstone Group (BX)

  • EPS: $1.11 beats (exp. $0.95)

  • Revenue: $2.54b beats (exp. $2.46b)

• Visa (V)

  • EPS: $2.41 beats (exp. $2.34)

  • Revenue: $8.6b beats (exp. $8.56b)

• Intel (INTC)

  • EPS: $0.54 beats (exp. $0.45)

  • Revenue: $15.4b beats (exp. $15.17b)

• Southwest Airlines (LUV)

  • EPS: $0.37 beats (exp. $0.13)

  • Revenue: $6.82b beats (exp. $6.74b)

SPX Heatmap 🔥 

Recap Around the Street 🧠

Real gdp reported higher than consensus helped by personal spending. Headline PCE also well under expected while core came in at 2%. Above trend growth with below trend inflation. The 1990s are calling and want their decade back.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Fed wants to remove the rate differential banks earn on their reserves versus what they pay to borrow from btfp.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Friday, January 26th: Personal income and spending data (PCE)

• —> 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!

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

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