Daily Scoop 22-9-19

View this email in your browser

Today's Scoop:Bounce

Love your daily scoops? Support the mission by recruiting a friend!

Big Picture

1. Homebuilders are losing confidence.

2. The Central Bank will announce new economic policy this week.

The Market: 

⬆️

+0.7%

S&P 500: 3,899.89

1Mo:

-6%

| 1Yr:

-11%

| 5Yr:

+56%

Markets drifted upward today after an ugly close to last week. FedEx's warning of slowing shipping activity shook investors' confidence in the economy.

The Federal Reserve, aka

the Central Bank, will announce its next policy update this Wednesday

. Given that inflation is sticking around longer than policymakers had hoped and unemployment is still at historic lows,

the Fed will likely keep restricting the economy until inflation slows significantly

. The Fed is expected to raise interest rates again this week to make borrowing more expensive.

Homebuilders are feeling less optimistic with homes so unaffordable.

Home prices are at record highs, and mortgage rates have doubled in the past year, slowing demand from home buyers. The National Association of Home Builders sentiment index has declined every month this year. The average 30-year mortgage rate rose above 6% last week for the first time since 2008.

Company Scoops ❤🌎💰

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

Uber

suffers severe security breach

-

Take-Two's

biggest game leaked by connected hacker

-

FedEx

warns of a global slowdown

-

Amazon

boosts pay for drivers amidst competition

-

VW

IPO's Porsche for a big payday

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

🤓 Inside Scoop...

An

Initial Public Offering (IPO),

aka

"going public,"

refers to the first time a company asks us regular people to invest. Before that, you had to know somebody or have a ton of money to get behind the red rope. They sell shares of their company to the open market in exchange for our cash. Companies can use that cash for all sorts of things, typically to further build their business. It also makes it easy for any previous investor or early employee to sell their existing shares on the market.

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