TLDR

MARKET RECAP → Stocks rose on Thursday, with the S&P 500 (VOO) and the Nasdaq (QQQ) closing at all-time highs for the umpteenth time this year. A decisive Trump victory awakened the animal spirits in investors' minds, sparking a massive market rally.

FED CUTS INTEREST RATES AGAIN → The Fed lowered rates for the second time as Trump’s win stirred market gains. Stocks and Bitcoin rallied, yet Trump’s potential tariffs and Fed challenges keep investors on alert. 📉

WARNER BROS. DISCOVERY CELEBRATES STREAMING GROWTH → Warner Bros. Discovery’s (WBD) Max platform surged by 7.2 million subscribers this quarter, boosting streaming revenue 8% as traditional TV faces revenue drops. 📈

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Fed Cuts Interest Rates Again

🎯 Steady Eddie: Economic growth held steady while inflation cooled, prompting the Fed to cut interest rates for the second time this year.

📈 Trump Bump: Markets reacted to Trump’s win with rallies in stocks and Bitcoin as his pro-business and potential deregulation policies boosted investor sentiment.

👀 Uncertainties Loom: Trump’s tariffs and views on Fed independence could reshape the economy, raising questions for future trades and crypto policy.

TODAY’S TOP NEWS

Warner Bros. Discovery Celebrates Streaming Growth

📈 Record Growth: Max added a record-breaking 7.2 million subscribers globally, spiking total subscriptions to 110.5 million, fueled by international expansion and strong advertising revenue.

📉 Revenue Snapshot: While WBD reported a 4% decline in total revenue, the streaming segment revenue increased by 8% to $2.63 billion, offsetting lower earnings from traditional TV networks and theatrical releases.

🎬 Streaming Landscape: WBD joins Netflix and Peacock in recording subscriber growth this quarter. Despite some subscriber losses on platforms like Paramount+, streaming continues to drive profitability across the media industry.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

At the SEC, Trump’s election victory paves the way for a rollback in regulations (CNBC)

Is the ‘vibecession’ here to stay? Here’s what experts say (CNBC)

Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop (CNBC)

Nissan plans 9,000 job cuts, slashes annual profit outlook (CNBC)

TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk (CNN)

MoneyLion’s Q3 2024 earnings presentation (ML)

How to Not Go Broke This Holiday Season: 5 Tips (ML)

How to Transfer Money From Prepaid Card to Bank Account: 6 Steps (ML)

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• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

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• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

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