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Daily Scoop 6-24

Daily Scoop 6-24

👋 Your Thursday Scoops - Biden says something's happening...

June 24, 2021

Before we get into it...

Make sure to click the link today into our Company Scoops to spot some changes & a much requested neutral/skip button.Bigger changes to come in our mobile app launch!

Today's Scoop:Excited

Big Picture:

1) President Biden says a group of key Republicans & Democrats have come to a deal on an infrastructure spending package.

1) Business spending is strong, with durable goods orders rising.

2) Fewer Americans were laid off last week, but weekly layoffs are still high.

The Market:

⬆️ +0.6%

S&P 500: 4,266.49

1Mo:

+2%

| 1Yr:

+38%

| 5Yr:

+103%

Markets hit new highs on the back of President Biden's announcement of bipartisan compromise on an infrastructure bill. They'll have to figure out how to pay for it, likely some level of tax changes, and then get the final approval votes, but it's progress. Initial jobless claims decreased last week but remained well above average levels. Durable goods orders increased last month, a positive indication.

Company Scoops ❤🌎💰

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

Google's

pay inequity

Their systems failed those they were meant to help

Disney's

empire expands

Games are the new money frontier

United Airlines

needs pilots

Start training now

Exxon

faces more lawsuits

The cost of climate change is getting real for investors

Target's

new sustainable targets

New designs for a circular economy

🤓 Inside Scoop...

Monthly durable goods orders are a helpful indicator of the state of the economy. Durable goods are the expensive items businesses buy that will last several years, like machinery, steel, computers, and other tools. Increasing orders of these kinds of big-ticket items mean businesses are confident and investing in their future, not cutting back expenses.