ElonTok

TLDR

MARKET RECAP → The Dow (DIA) led the major averages higher again on Tuesday as investors welcomed a lighter-than-expected December Producer Price Index (PPI) report. This is one measure of inflation, and signs of cooling prices were taken as a positive for stocks ahead of tomorrow's Consumer Price Index (CPI) report, which tends to shake the market, too. Buckle up! 💺 

CHINA CONSIDERS SELLING TIKTOK'S U.S. OPERATIONS → 💼 Beijing is exploring a sale of TikTok’s U.S. operations to Elon Musk as a contingency plan amid national security concerns and potential bans.

DECEMBER 2024 PRODUCER PRICE INDEX REPORT → 📈 The December 2024 PPI rose by 0.3%, with a year-over-year increase to 3.4%, indicating persistent inflation above the Fed's target.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

China Considers Selling TikTok's U.S. Operations

Potential Sale Discussed: 💼 Chinese officials are weighing a sale of TikTok’s U.S. operations to Elon Musk if the app faces a ban, though they prefer to maintain ByteDance ownership.

National Security Pressure: 🔒 The U.S. government cites national security risks, claiming TikTok’s Chinese ownership could enable Beijing to access American user data, prompting a Supreme Court review.

Musk's Possible Role: 🚀 A potential deal could see Musk’s social platform X acquiring TikTok’s U.S. operations, though discussions remain preliminary and uncertain.

TODAY’S TOP NEWS

December 2024 Producer Price Index Report

PPI Increase: 📈 The Producer Price Index (PPI) for December 2024 rose by 0.3%, following a 0.4% increase in November, indicating persistent inflationary pressures.

Annual Growth: 📅 Year-over-year, the PPI climbed to 3.4% from 3.0% in November, suggesting that inflation remains above the Federal Reserve's 2% target.

Core PPI Trends: 🛠️ Excluding food and energy, the core PPI advanced by 0.2% in December, matching November's pace, with an annual increase accelerating to 3.8% from 3.4%.

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