Scoops
Posts
Daily Scoop 12-8

Daily Scoop 12-8

👋 Your Wednesday Scoops - Kellogg squashes union workers & Toyota expands

December 08, 2021

View this email in your browser

Today's Scoop:Momentum

Big Picture

Boosters might be effective against omicron.
Job openings are near all-time highs.
Fewer people quit their jobs in October than in September.

The Market

⬆️

+0.3%

S&P 500: 4,701.21

1Mo:

| 1Yr:

+28%

| 5Yr:

+108%

Markets continued the positive vibes from yesterday, inching higher today. Fears about the next wave continue to subside. Pfizer and BioNTech suggested that the 3rd dose of their vaccine was effective against the new covid variant, so people with boosters should be ok. The jobs market still has room to improve. The Labor Dept said that the number of open positions increased in October, near July's record high, to 11 million. The labor shortage continues. Fewer people quit in October, down from highs in September.

Company Scoops ❤🌎💰

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

Amazon

brings down the internet

Kellogg

starts replacing striking workers

Tesla

probed over fire risks

Twitter

wants your help on safety

Toyota's

building and building

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

🤓 Inside Scoop...

Investors can sometimes turn pessimistic about technology and high-growth companies when they're worried about inflation. If prices are rising and dollars are losing purchasing power, profits are also worth relatively less. When you're investing in growth companies, you're promised a share of profits further into the future. Inflation has more time to eat away at those profits.