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Daily Scoop 11-11

Daily Scoop 11-11

👋 Your Thursday Scoops - Disney scares & American flight risks

November 11, 2021

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Today's Scoop:Floating

Big Picture

Inflation has been staying high longer than expected.
Corporations had a very profitable third quarter.
Staffing shortages have given workers more negotiating power for better pay and working conditions.

The Market

⬆️

+0.1%

S&P 500: 4,649.27

1Mo:

+7%

| 1Yr:

+31%

| 5Yr:

+113%

Markets bounced back a bit today after two days of declines. Investors didn't love the surprisingly-high inflation data that came out yesterday. Consumer price inflation is the highest it's been in 30+ years. The Consumer Price Index rose 6.8% over the past twelve months. Make sure you're asking your boss for a "cost of living adjustment" raise. The stuff you buy is 7% more expensive than it was a year ago. If your wages aren't increasing by that much, your real income is decreasing.

Company Scoops ❤🌎💰

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

Disney

starts lagging Netflix

American Airlines

DoorDash

Rivian's

Poshmark

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

🤓 Inside Scoop...

Companies can earn extra cash to help fund their business by selling ownership in their company, aka stock or equity. The first time they do it is called an Initial Public Offering (IPO), where they raise money from public investors like us. Anytime after that is a secondary offering or issuance. Companies only get money from selling new portions of their company. Once the stock is out there, we're all just buying and selling from each other.