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Daily Scoop 9-30

Daily Scoop 9-30

👋 Your Thursday Scoops - Silencing Anti-vaxxers & firing the unvaccinated

September 30, 2021

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Today's Scoop:Unsettled

Big Picture

The jobs market is getting worse again.
A potential government shutdown is coming down to the wire.
September was the worst month for the stock market since March 2020.

The Market

⬇️

-1.2%

S&P 500: 4,307.54

1Mo:

-5%

| 1Yr:

+27%

| 5Yr:

+100%

Markets closed out the month in a negative tone today. Congress has come down to the wire preventing a government shut down. They agreed on a bill that would fund the government into December, but it still needs to be signed by midnight. Layoffs increased for the third time in a row last week, raising concerns about a stalling recovery.

Company Scoops ❤🌎💰

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

United

fires the unvaccinated

YouTube

JetBlue

Warby Parker

Walmart

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

🤓 Inside Scoop...

An Initial Public Offering (IPO), aka "going public," refers to the first time a company asks us regular people to invest. Before that, you had to know somebody or have a ton of money to get behind the red rope. They sell shares of their company to the open market in exchange for our cash. Companies can use that cash for all sorts of things, typically to build out their business further. It also makes it easy for any previous investor or early employee to sell their existing shares on the market.