Daily Scoop 8-17

👋 Your Tuesday Scoops - Tesla investigation & Walmart comes for Amazon

Today's Scoop:Stumbled

Big Picture

  1. Consumers spent less in July.

  2. Investors are worried about rising infections.

  3. Corporations are stepping up commitments to reducing plastic.

The Market 

⬇️

-0.7%

S&P 500: 4,448.08

1Mo:

+4%

| 1Yr:

+31%

| 5Yr:

+104%

Markets pulled back from record highs today as investors worried about the effects of rising infections on the economic recovery. Consumer retail spending dropped off more than expected in July, falling 1.1% after rising in June. The biggest declines were in automobile spending, as surging vehicle prices deterred shoppers.

Company Scoops ❤🌎💰

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

Walmart's

-

Samsung

-

Tesla

-

AT&T's

-

Fox

🤓 Inside Scoop...

Earnings reports are what we call the quarterly required financial disclosures for public companies. Corporations publish revenue, profit, projections, and other financial details every three months, so we know how they're doing.

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