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Private Equity and Business Update 11-5-21 #1

In this episode Scott discusses:

  1. The S&P and Nasdaq hit another high yesterday and futures are set to open higher today.
  2. The unemployment rate is down to 4.8 percent in September and is expected to trend lower for October.
  3. Wage inflation is up nearly 5 percent year over year.
  4. The 10 year treasury yield fell to 1.524 based on interest rates raising more slowly.
  5. On the COVID-19 front we are watching approval of vaccines for 5 to 11 year olds, new vaccine mandates, new antiviral pills, and the surge again in cases in parts of Europe.
  6. Peloton reduced its sales forecast and it’s shares dropped 4.27 percent during the day and nearly 31 percent last night.
  7. Uber posted record bookings of $23.1 billion and company revenue of $4.85 billion.
  8. The WSJ reports that Toyota’s profit surged.
  9. Airbnb had record revenues in the 3rd quarter as people heavily returned to travel.

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