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Daily Scoop 12-20

Daily Scoop 12-20

👋 Your Monday Scoops - How Google treats Black women & Moderna's efficacy

December 20, 2021

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Today's Scoop:Jitters

Big Picture

Covid infection rates are spiking again.
The $2 trillion social support & climate stimulus bill is in trouble.
Asset managers are using their influence on social & environmental issues.

The Market

⬇️

-1.1%

S&P 500: 4,568.02

1Mo:

-2%

| 1Yr:

+24%

| 5Yr:

+102%

Markets took a tumble today on a mix of concerns. Infection rates from the new variant are rising rapidly, threatening new restrictions. The new omicron variant has already appeared in 43 of 50 states, and 156,000 more cases were reported on Friday. President Biden's strategic $2T Build Back Better social & climate stimulus bill has been derailed by the dissent of conservative Democratic Senator Joe Manchin. The risk of the bill failing caused analysts at Goldman Sachs to lower their economic growth outlook immediately.

Company Scoops ❤🌎💰

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

Moderna's

boosted efficacy

Google

probed on its treatment of Black women

BlackRock's

putting its money behind diversity

H&M's

pushing for a comeback

Boeing's

ramping up production again

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

🤓 Inside Scoop...

The holidays can be a particularly volatile time for markets. Despite seeming like a big machine, the market is driven by people. Fewer traders at their desks and fewer fund managers making investment decisions can have a tangible effect on the volume of stock traded each day. When fewer trades happen per minute, the swings in prices can be much more severe.