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  • Daily Scoop 22-3-14

Daily Scoop 22-3-14

👋 Your Monday Scoops - Starbucks union rising & Macy's big impact

Today's Scoop:Stalled

Big Picture

  1. Prices for almost everything are much higher than last year.

  2. Consumers are worried.

  3. Workers are rallying for higher pay.

The Market: 

⬇️

-0.7%

S&P 500: 4,173.11

1Mo:

-7%

| 1Yr:

+5%

| 5Yr:

+75%

Markets drifted slightly lower today as investors await more updates. Russia & Ukraine have resumed talks. US policymakers meet this week to announce the plan for the economy.

Investors are most worried about inflation

. Last week, the Labor Department reported prices for most things consumers spend money on are almost 8% more expensive than a year ago. That's the most significant 1-year jump in 40 years.

Consumers are also worried about inflation.

Prices at the pump are at record highs. The University of Michigan's March Consumer Sentiment Index hit the lowest level in over a decade.

Company Scoops ❤🌎💰

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

United

-

Starbucks

-

Macy's

-

JPMorgan

-

Peloton

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

🤓 Inside Scoop...

A labor union is an organization of workers that band together to collectively bargain for improvements to their working conditions, wages, and benefits. Any industry can have a union. It starts by hosting some form of election in the workplace to acknowledge that the workers of that unit would like to unionize. Then, it expands to a more formalized agreement and negotiation process. Employers can dissuade workers from unionizing, but it's illegal to threaten or coerce. That grey line in between is for the lawyers.

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