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Daily Scoop 8-12

Daily Scoop 8-12

👋 Your Thursday Scoops - Goldman gender bias & Google's pay cut

August 12, 2021

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Today's Scoop:Stronger

Big Picture

Inflation is high, but not frightening anymore.
Fewer people are getting laid off.
Covid spikes are starting to drag on airlines' flight demand.

The Market

⬆️

+0.3%

S&P 500: 4,460.83

1Mo:

+2%

| 1Yr:

+32%

| 5Yr:

+104%

Markets pushed to new highs today after another strong labor report. Layoffs have declined for three weeks in a row. The Producer Price Index, which measures inflation up the supply chain, rose more in July than investors expected. Inflation on the consumer end slowed down in July, as reported yesterday. So inflation is high but looks not to be spiraling out of control. Investors are excited about the Senate's new infrastructure package finally passed to add an extra boost to the economy.

Company Scoops ❤🌎💰

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

Goldman Sachs'

gender discrimination

Southwest Airline

Palantir's

Google

Nio's

🤓 Inside Scoop...

Initial unemployment claims are reported every Thursday morning by the Department of Labor. Also called “initial claims” or “jobless claims,” the number signifies how many people filed to receive unemployment support payments from the government for the first time after losing their job. It is an indicator of the rate of weekly layoffs, so it’s good to see the number decline. The typical average during a healthy economy is around 200K/week. It peaked near 7 million in March 2020 but has steadily improved to 375K last week.