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Daily Scoop 22-2-24

Daily Scoop 22-2-24

👋 Your Thursday Scoops - Executive pay at Chipotle & Moderna's vax money

February 24, 2022

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Today's Scoop:Shaken

Big Picture

Russia attacked Ukraine.
Oil and gas prices are surging.
The US jobs market is strong.

The Market:

⬆️

+1.5%

S&P 500: 4,288.70

1Mo:

-2%

| 1Yr:

+12%

| 5Yr:

+80%

Markets fell off a cliff this morning after

Russia launched an invasion into Ukraine and i

nvestors shifted out of risky assets. But

markets recovered into the afternoon

as investors bought back into the low prices.

Oil prices hit the highest level in eight years

as the world’s second-largest natural gas producer and third-largest oil producer became the target of further financial restrictions.

Within the

US, economic data looks exceptionally strong

. The Commerce Department revised its fourth-quarter GDP estimate higher to indicate the economy grew at a 7% annualized rate.

The Labor Department reported a more considerable

decline in layoffs

last week than investors expected, and the number of

people receiving unemployment aid hit the lowest level in over 50 years.

Company Scoops ❤🌎💰

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

Chipotle's

paying execs based on sustainability & diversity

Moderna

made billions from its vaccine

Hasbro's

going plastic-free

Live Nation's

preparing for a record concert year

Salesforce

employees don't want to be in NFTs

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

🤓 Inside Scoop...

Geopolitical events like war, elections, or diplomatic conflict can often bring fear and volatility to the market in the short term. However, investors are really always trying to identify any underlying long-term financial consequences. The main financial or economic concern of geopolitical conflict now, if worst-case war can be avoided, would be exacerbated trade disruptions with a big part of the global economy at a fragile time in the recovery. From oil to shipping or financial transactions, trade disruptions can lead to higher inflation. High inflation is the primary concern for investors at the moment.