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Daily Scoop 10-5

Daily Scoop 10-5

👋 Your Tuesday Scoops - Tesla racism & oil on the beach

October 05, 2021

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Today's Scoop:Bouncing

Big Picture

Congress needs to raise the debt ceiling or the US will default.
Corporations face pressure to reevaluate arbitration mandates.
Congress is still debating infrastructure and support spending.

The Market

⬆️

+1.1%

S&P 500: 4,345.72

1Mo:

-4%

| 1Yr:

+29%

| 5Yr:

+102%

Markets recovered a bit today, shaking off the pessimism of Monday. Congress is still debating how much they want to spend on infrastructure and social support. The $3.5T package could be cut by trillions. They also need to raise the debt ceiling before October 18th, or the United States will default on its debt for the first time. Treasury Secretary Janet Yellen said a default could push the economy into recession.

Company Scoops ❤🌎💰

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

Tesla

pays for racist abuse

Facebook's

big blunder

Amplify

spills oil over California

McDonald's

gets serious on net-zero

Pepsi's

profits keep going

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

🤓 Inside Scoop...

When companies reach net-zero carbon emissions, it means they are putting as much carbon into the atmosphere as they are taking out. It is normally impossible for companies to completely cut out their carbon footprint by adopting more sustainable processes like reducing waste and using renewable energy. To counteract whatever emissions they can't get rid of, net-zero companies will pay for carbon to be taken out of the atmosphere in other parts of the world by planting trees or using different technological processes.