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Daily Scoop 22-2-22

Daily Scoop 22-2-22

👋 Your Twos-day Scoops - Netflix's diversity landmarks & DraftKings gambles

February 22, 2022

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Today's Scoop:Worried

Big Picture

Russia-Ukraine tensions are escalating quickly.
Inflation concerns are eating at consumer confidence.
Business activity re-accelerated in February.

The Market:

⬇️

-1.0%

S&P 500: 4,304.76

1Mo:

-2%

| 1Yr:

+11%

| 5Yr:

+82%

Markets sank today as

investors worried about the fallout from the escalating conflict in Ukraine.

The US, UK, & EU all announced sanctions, restricting the financial activity of some Russian banks and wealthy individuals. From a financial perspective,

the conflict could mean higher inflation and faster economic restrictions

in the US. Limiting oil and gas supply from one of the world's biggest producers is already sending prices higher. Most of the inflation pressures right now are from supply chain disruptions. Cutting off Russia could exacerbate all of that, push inflation higher, and force the Federal Reserve to start restricting the economy more quickly to get inflation under control.

The Conference Board's monthly survey reported

a steeper decline in consumer confidence in February

than economists expected. Consumers are worried about high inflation sticking around all year.

Business activity accelerated in February

as more employees returned from sick leave and supply disruptions started to ease, according to the IHS Markit survey.

Company Scoops ❤🌎💰

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

DraftKings

pounces on New York

Netflix

hits female majority

Home Depot

hasn't slowed down

Deere

moves past the 10,000-worker strike

Google's

following Apple's privacy changes

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

🤓 Inside Scoop...

Dividends are your way of getting a share of company profits. When companies have extra cash, they typically reward shareholders for their support by distributing money directly out to investors, literally giving them a share of the profits by paying them a dividend. Companies will declare that every investor gets $X for each share they own.