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Daily Scoop 7-27

Daily Scoop 7-27

👋 Your Tuesday Scoops - Boeing in space & Amazon's worker harassment

July 27, 2021

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Today's Scoop:Flustered

Big Picture

The CDC has recommended masks again, raising concerns about more restrictions.
International policymakers warned inflation might not be so temporary.
Bad weather in Brazil is straining coffee supplies and pushing up prices.

The Market

⬇️

-0.5%

S&P 500: 4,401.46

1Mo:

+3%

| 1Yr:

+37%

| 5Yr:

+103%

Markets fell from their records today on mixed fears about inflation and infection rates. The CDC recommended masks again. The International Monetary Fund warned inflation might not be so short-term. Corporations keep reporting high profits but bring up inflation as a concern. Coffee futures jumped to 7-year highs as Brazil got hit with a bad frost after a bad drought. Investors got worried.

Company Scoops ❤🌎💰

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

Amazon's

employees are not happy

Exxon's

PayPal

Boeing's

American Airlines

🤓 Inside Scoop...

Investors get worried about inflation because it means the stimulus might stop. The Central Bank watches inflation closely as an indicator of the health of the economy. It's their heat gauge. They're comfortable with low inflation, but they don't want the economy to overheat. If they see inflation rising too quickly, they might raise interest rates or stop pumping money into the system, making it harder to do business.