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Daily Scoop 6-28

Daily Scoop 6-28

👋 Your Monday Scoops - Apple's next big threat

June 28, 2021

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Today's Scoop:Drifting

Big Picture:

1) President Biden & Congress are still working through the details of the infrastructure package.

1) Retailers & shipping companies are still struggling to keep up with e-commerce demand

The Market:

⬆️ +0.2%

S&P 500: 4,290.61

1Mo:

+2%

| 1Yr:

+41%

| 5Yr:

+104%

Markets floated to new record highs today without any major news shaking things up. A group of Republicans and Democrats came to an initial agreement on an infrastructure bill last week, aiming to boost spending on roads, bridges, electric vehicle charging stations, and more. A lot of details still need to be worked out, though.

Company Scoops ❤🌎💰

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

Johnson & Johnson

settles for $230 million

The drug company faces billions more in opioid crisis lawsuits

FedEx

won't be delivering on time

They need workers, and we're shopping a lot

Nike

shakes off Chinese boycott

Sales bounce back, despite the forced labor investigation

Virgin Galactic

gets cleared for space

Bezos might lose the race to space

Microsoft's

next big flex

The next Windows update has a few surprises for big competitors

🤓 Inside Scoop...

Infrastructure is a pretty general term for anything that supports the operations of a business, organization, or nation. Spending on infrastructure for the nation, fixing or maintaining things like roads and bridges, can be business as usual. But big spending bills on infrastructure can also be used as stimulus because spending on construction projects can have a multiplier effect on economic activity. Hiring one person to build a house then puts business in motion for the lumber yard, the concrete mixer, the architect, and so on.