Daily Scoop 22-8-25

View this email in your browser

Today's Scoop:Momentum

Love your daily scoops? Support the mission by recruiting a friend and unlocking premium content!

Big Picture

1. The economy wasn't as bad as we thought last quarter.

2. Fewer people got laid off last week than expected.

3. More retailers are turning to discounts to clear inventory.

The Market: 

⬆️

+1.4%

S&P 500: 4,199.12

1Mo:

+7%

| 1Yr:

-6%

| 5Yr:

+70%

Markets continued the positivity today without a significant shift in the big picture. This week, major

retailers warned of lower profits

as they depend more heavily on discounts to relieve overstocked inventory. Pandemic supply chain delays threw merchandise timelines into flux this past year. Discounting should help cool inflation.

The jobs market is looking ok

, with weekly layoffs inching back to more normal levels. The Labor Department reported initial jobless claims of 243,000 last week, fewer than economists expected.

A revised measure of US Gross Domestic Product (GDP) for the second quarter showed

the economy declined less than initially reported.

The Commerce Department said GDP fell by -0.6% from April through June, less than its initial reading of -0.9%. Exports and consumer spending were both strong.

Company Scoops ❤🌎💰

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

GameStop

awards stock and raises

-

Peloton

pedals through tough times

-

UnitedHealth

accused of selling out retirement savers

-

Nvidia

loses its game

-

Snowflake

maintains wind speed

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

🤓 Inside Scoop...

Gross Domestic Product (GDP)

is how we track how much stuff the economy is producing. The actual number (~$25 trillion) doesn't matter as much as the direction and magnitude. We track the growth rate of real GDP (inflation-adjusted) to know whether the economy is expanding or contracting from the previous quarter. The reporting style can be a bit confusing. The main number you hear will be an annualized growth rate (-0.6%), representing how much the GDP would increase/decrease if it hypothetically grew at that rate for an entire year. It's different from how much our production increased/decreased quarter-to-quarter (-0.1%) and not representative of the growth/decline over the past year (+1.7%).

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:

Save Scoops from your spam

💙 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:

*|SHAREURL|*

You have made referrals