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Daily Scoop 10-4

Daily Scoop 10-4

👋 Your Monday Scoops - Exxon lobbying & a new covid pill

October 04, 2021

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Today's Scoop:Depressed

Big Picture

Inflation continues to be the main concern.
Policymakers might be cutting back stimulus measures soon.
Congress is still debating infrastructure and support spending.

The Market

⬇️

-1.3%

S&P 500: 4,300.46

1Mo:

-5%

| 1Yr:

+26%

| 5Yr:

+100%

Markets have continued their downward momentum into October. The University of Michigan's Consumer Sentiment report showed an increase in confidence towards the end of September, but consumers are worried about inflation. Many have considered postponing purchases. The Federal Reserve has been hinting at cutting back its bond-buying program that stimulates the economy. Congress is still debating the $1T infrastructure bill, another $3.5T spending bill, and a way to stop the US from going into default.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Exxon's

lobbying against tax hikes

Zoom

gets a hard rejection

Merck's

breakthrough covid pill

Coinbase's

big hack scandal

Bank of America's

low-income hiring

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Lobbying is an attempt for an individual, interest group, or corporation to influence the government's decisions. Corporations can pay for a lobbyist to advocate for or against political decisions on their behalf. Most states regulate lobbying and have data readily available online, in which lobbyists are required to report what entity they represent and their contributions and expenditures.