Good morning. QQQs +50bps as BTC now at $104k. Yields slightly down while China -1%. AVGO +3.5% following through on Friday while MU also continues to climb into earnings on Wednesday as no one wants to get blown up this late in the year (earnings Wednesday). Nasdaq 100 rebalancing: qqq changes effective dec 23 additions: PLTR MSTR AXON Removals: SMCI MRNA ILMN
Lots to get to so lets get straight to it…
3P Roundup:
UBER: Yip said gross bookings accelerated in past few weeks. M-sci also out saying they say accel in U.S. but decel across Europe (similar trends in mobility and delivery)
LYFT: Yip slightly more +ve like UBER, but M-sci saying bookings tracking below street. LYFT CEO also tweeted:
Everyone passing around the Yip note from last week that showed LYFT and Waymo market share equal in SF, but BAML notes that 3p sources exclude rides to and from city and freeway rides, a large market to exclude when comparing the two.
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