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Daily Scoop 9-22

Daily Scoop 9-22

👋 Your Wednesday Scoops - CVS rampage & Amazon towns

September 22, 2021

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Today's Scoop:Reassured

Big Picture

China's real estate market might be fine.
Policymakers are going to gently phase out the stimulus.
Labor shortages are affecting a wide range of industries.

The Market

⬆️

+1.0%

S&P 500: 4,395.64

1Mo:

-2%

| 1Yr:

+36%

| 5Yr:

+103%

Markets recovered much of the week's crash today after the Federal Reserve calmed investors' nerves. While they're likely to start easing back on the emergency stimulus soon, they're being gentle with it. The Federal Reserve Chairman said he thinks we've made enough progress in the jobs market to start cutting back the emergency measures. The distressed Chinese real estate company said it will be able to make its debt payment, so investors aren't worried about a potential global financial collapse like they were on Monday.

Company Scoops ❤🌎💰

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

McDonald's

newest Happy Meal changes

Amazon's

forming new towns

Netflix

wants Willy Wonka

Salesforce

sets a high bar for sustainability

CVS

goes on a hiring rampage

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

The Federal Reserve, aka the Central Bank, controls the whole money system. If the economy needs to grow, they open the money spigot to fuel spending and lending. When the economy runs too hot, they slow things down. Inflation spiking too quickly is a sign of an economy overheating, so they watch that closely.