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Daily Scoop 10-6

Daily Scoop 10-6

👋 Your Wednesday Scoops - DoorDash vs. NYC & Palantir's new deal

October 06, 2021

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Today's Scoop:Optimism

Big Picture

More people went back to work last month than expected.
Inflation is still a high concern.
Congress might be close to a deal to raise the debt limit.

The Market

⬆️

+0.4%

S&P 500: 4,363.55

1Mo:

-3%

| 1Yr:

+28%

| 5Yr:

+103%

Markets continued their rise today in response to encouraging data about the labor market & hope for a deal in DC. ADP's private sector employment survey showed 568,000 jobs were added last month, much more than economists expected. Republican Senate Minority Leader Mitch McConnell gave word that the party would be willing to make a deal with Democrats to raise the debt ceiling and avoid a US default and potential recession.

Company Scoops ❤🌎💰

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

Google

makes some changes

Johnson & Johnson

wants a boost

Palantir

partners with the Army

General Motors

steps up its climate commitment

DoorDash

battles with NYC

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

🤓 Inside Scoop...

There are three main reports people watch to understand trends in the labor market. The U.S. Bureau of Labor Statistics puts out the "big" monthly report highlighting the unemployment rate and job growth. There's also a private-sector survey from ADP and the weekly initial unemployment claims (a proxy for layoffs) report from the Labor Department.