- Scoops
- Posts
- Daily Scoop 22-5-19
Daily Scoop 22-5-19
👋 Your Thursday Scoops - Facebook pays for stealing faces & eBay's Earth impact
Today's Scoop:Gloomy
Love your daily scoops? Support us by recruiting a friend and unlock more content!
Big Picture
More people got laid off last week than expected.
CEOs are losing confidence in the economy.
Lockdowns in China are significantly impacting global supply chains.
The Market:
⬇️
-0.6%
S&P 500: 3,900.79
1Mo:
-13%
| 1Yr:
-6%
| 5Yr:
+61%
Markets kept up the frantic energy today, with investors worried about a recession.
Layoffs ticked up last week unexpectedly.
The Labor Department reported 218,000 initial jobless claims, the highest number since January but still around pre-pandemic levels.
CEOs are increasingly expecting a brief recession.
The Conference Board’s CEO survey reported declining optimism, with 61% saying economic conditions are worse than six months ago.
Lockdowns in China are affecting supply chains.
More companies like Cisco continue to site production and shipping delays with unknown timing for a resolution.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
-
Under Armour's
-
eBay's
-
Boeing
-
Cisco
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
The
Federal Reserve
, aka the Central Bank, controls the flow of money. When the economy needs juice, it creates more money and lowers interest rates to incentivize more lending and spending. When
inflation
gets too high, that means there's too much lending and spending for the available resources. So, the Fed raises interest rates and starts to shut down all the supportive stimulus measures. In a regular economic cycle, inflation starts to get too high because the economy has recovered and no longer needs the extra boost. The fear now is that inflation will keep rising due to unusual global trade issues limiting supplies, not because demand is growing too strong, forcing the Fed to restrict the economy before it's strong enough to handle it.
Make sure your inbox doesn't hide your Scoops
To prevent our emails from getting moved to your promotions or spam:
Gmail
: Move the Scoop to your "Primary" inbox:
On Mobile: Within this email, select the dots (...) in the top right of your screen. Select "Move to" & "Primary". If it's not there, then your mailbox isn't segmented.
On Desktop: Within your inbox, drag & drop this email into the "Primary" tab at the top left.
Apple
: Select the Scoops email at the top. Choose "Add to VIP"
You can find instructions here for all other email clients:
💙 Share the scoop!
1. Share your unique link with friends & coworkers (forward or copy)
2. When they sign up you unlock exclusive rewards
3. Keep on sharing to unlock more rewards
Forward your unique link:
You have made referrals
Reply