{"id":73456,"date":"2024-01-22T09:01:59","date_gmt":"2024-01-22T14:01:59","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73456"},"modified":"2024-01-22T09:03:38","modified_gmt":"2024-01-22T14:03:38","slug":"coffee-with-greta-all-time-highs","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/22\/coffee-with-greta-all-time-highs\/","title":{"rendered":"Coffee With Greta: All-Time Highs"},"content":{"rendered":"

DJIA Futures: <\/b>+80 (+0.2%)<\/span><\/p>\n

SPX Futures: <\/b>+15 (+0.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+85 (+0.5%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are up as the <\/span>S&P 500 <\/b>looks set to build upon new all-time highs.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Fresh Record<\/span><\/h2>\n

The <\/span>S&P 500 <\/b>is rising to start the new week of trade after hitting a new all-time high on Friday.\u00a0<\/span><\/p>\n

The index broke both its intraday and closing records from January 2022 during the last session, confirming Wall Street is in a bull market that started in October 2022.\u00a0<\/span><\/p>\n

Now traders are looking ahead to some important earnings and economic data releases this week.<\/span><\/p>\n

On the earnings calendar, <\/span>Netflix <\/b>(NFLX) reports after the close Tuesday, <\/span>Tesla <\/b>(TSLA) reports after the close Wednesday, <\/span>Intel <\/b>(INTC) reports Thursday, and more big companies are sprinkled in between.\u00a0<\/span><\/p>\n

For economic data, the first estimate of Q4 GDP growth will be released Thursday morning while the Fed\u2019s preferred inflation gauge, the PCE price index will be out Friday morning.\u00a0<\/span><\/p>\n

This is the final inflation data to be released before the Fed\u2019s first meeting of the year next week.<\/span><\/p>\n

Macy\u2019s Rejects Private Takeover Offer<\/span><\/h2>\n

Macy\u2019s <\/b>(M) shares are up 1.9% in premarket trade after the retailer rejected a private takeover offer.\u00a0<\/span><\/p>\n

The company rejected a $5.8 billion proposal from Arkhouse Management and its partner Brigade Capital Management, citing concerns over deal financing and valuation.\u00a0<\/span><\/p>\n

The investment firms submitted the proposal last month to acquire the Macy\u2019s shares they don\u2019t already own for $21 per share.\u00a0<\/span><\/p>\n

Arkhouse said the see \u201cthe potential for a meaningful increase to the original proposal if we are granted access to the necessary due diligence.\u201d<\/span><\/p>\n

But Macy\u2019s said the offer was not financially attractive or credible enough to grant that access.\u00a0<\/span><\/p>\n

Spirit, JetBlue To Appeal Blocked Merger<\/span><\/h2>\n

Spirit Airlines <\/b>(SAVE) shares are up 3.9% with <\/span>JetBlue Airways <\/b>(JBLU) shares slipping 0.4% ahead of the open after the companies said they would appeal a judge\u2019s ruling to block their proposed merger.<\/span><\/p>\n

A federal judge blocked JetBlue\u2019s proposed deal to acquire Spirit for $3.8 billion last Tuesday on antitrust grounds, saying removing Spirit from the market would create higher prices for customers.<\/span><\/p>\n

JetBlue said it was appealing the decision \u201cconsistent with the requirements of the merger agreement.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

DJIA Futures: +80 (+0.2%) SPX Futures: +15 (+0.3%) NASDAQ Futures: +85 (+0.5%) Good morning friends! Futures are up as the S&P 500 looks set to build upon new all-time highs. Let\u2019s get right to it! Fresh Record The S&P 500 is rising to start the new week of trade after hitting a new all-time high on Friday.\u00a0 The index broke both its intraday and closing records from January 2022 during the last session, confirming Wall Street is in a bull market that started in October 2022.\u00a0 Now traders are looking ahead to some important earnings and economic data releases this week. On the earnings calendar, Netflix (NFLX) reports after the close Tuesday, Tesla (TSLA) reports after the close Wednesday, Intel (INTC) reports Thursday, and more big companies are sprinkled in between.\u00a0 For economic data, the first estimate of Q4 GDP growth will be released Thursday morning while the Fed\u2019s preferred inflation gauge, the PCE price index will be out Friday morning.\u00a0 This is the final inflation data to be released before the Fed\u2019s first meeting of the year next week. Macy\u2019s Rejects Private Takeover Offer Macy\u2019s (M) shares are up 1.9% in premarket trade after the retailer rejected a private takeover offer.\u00a0 The company rejected a $5.8 billion proposal from Arkhouse Management and its partner Brigade Capital Management, citing concerns over deal financing and valuation.\u00a0 The investment firms submitted the proposal last month to acquire the Macy\u2019s shares they don\u2019t already own for $21 per share.\u00a0 Arkhouse said the see \u201cthe potential for a meaningful increase to the original proposal if we are granted access to the necessary due diligence.\u201d But Macy\u2019s said the offer was not financially attractive or credible enough to grant that access.\u00a0 Spirit, JetBlue To Appeal Blocked Merger Spirit Airlines (SAVE) shares are up 3.9% with JetBlue Airways (JBLU) shares slipping 0.4% ahead of the open after the companies said they would appeal a judge\u2019s ruling to block their proposed merger. A federal judge blocked JetBlue\u2019s proposed deal to acquire Spirit for $3.8 billion last Tuesday on antitrust grounds, saying removing Spirit from the market would create higher prices for customers. JetBlue said it was appealing the decision \u201cconsistent with the requirements of the merger agreement.\u201d<\/p>\n","protected":false},"author":41,"featured_media":73459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73456"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73456\/revisions"}],"predecessor-version":[{"id":73463,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73456\/revisions\/73463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73459"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}