Daily Scoop 22-8-11

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Today's Scoop:Floating

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Big Picture

1. More people got laid off last week than expected.

2. Inflation looks to be cooling across the economy.

3. Gas prices are still declining.

The Market: 

⬇️

-0.1%

S&P 500: 4,207.27

1Mo:

+10%

| 1Yr:

-6%

| 5Yr: 

+73%

Markets faded after an early jump from another better-than-feared inflation report.

Yesterday, we learned

consumer prices stayed flat in July

, as tumbling costs for gas and transportation offset climbing prices for food and rent. Overall,

everything we spend money on is still 8.5% more expensive than a year ago.

Today, the Labor Department reported a decline of -0.5% in its Producer Price Index. T

he stuff businesses spend money on got cheaper overall in July

but still sits 9.8% more expensive than a year ago.

Weekly layoffs continue to creep up

. The Labor Department reported 262,000 initial unemployment claims last week, more than economists expected.

Gas prices are coming down.

AAA says the national average at the pump fell below $4/gal for the first time in five months.

Company Scoops ❤🌎💰

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

Ford

breaks records with solar shift

-

Disney

parks have a fairytale return

- 

Nike

pressured to release diversity data

- 

Walgreens

found responsible for the opioid crisis

- 

United Airlines

puts money on flying taxis

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

🤓 Inside Scoop...

As companies set target dates to achieve

net-zero emissions

, they'll be setting emission reduction targets for their

Scope 1

(direct),

Scope 2

(power-related), and

Scope 3

(indirect) emissions. Scope 1 & 2 result from its core operations and the power it purchases to support those operations. Scope 3 will be much bigger and more important but harder to tackle. It includes the Scope 1 & 2 emissions from all of their suppliers, the emissions from their products, and even things like employee commutes. 

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