Insider Today: Elon Musk's latest venture? Private schools.

Welcome to Insider Today, a quick look at the top stories in markets, tech, and business. In today's big story, we looked at how a forthcoming Apple Watch ban is causing havoc for the tech giant. Sign up here to get the full Insider Today in your inbox every day.

Hi! Chick-fil-A on a Sunday!? That could be a reality if one New York politician gets his way. More on his argument for why the popular chain should stay open and the locations that could be impacted.

Here’s what to know today:

Markets:

Before the opening bell: US stock futures fall early Wednesday, ahead of data on consumer confidence and existing home sales.

• Don’t count your rate cuts before they hatch, according to BlackRock. Rick Rieder, the firm’s bond guru, doesn’t agree with market speculation that the Fed will start cutting interest rates in March. Instead, he thinks the market reacted prematurely, and chair Jerome Powell won’t be as aggressive with cuts.

Tech:

• Nearly a third of Gen Z says tech makes them lonelier and spend more money. Around 29% of Gen Zers said in a survey that technology makes them more lonely. But for others, it has the opposite effect, with 35% of young people saying it makes them feel less isolated. Among older generations, however, technology had less of an impact on their loneliness.

Business:

• Elon Musk is launching a new private K-12 school as soon as this summer. His Ad Astra School quietly moved to Texas, joining other tech-centric “microschools.” It’s part of Musk’s mysterious new nonprofit, which has generated buzz for plans to eventually build a futuristic university.

Written by Dan DeFrancesco and Diamond Naga Siu.

This is a shorter version of our flagship newsletter, which brings you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.

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