In this episode Scott discusses:
- The S&P and Nasdaq hit another high yesterday and futures are set to open higher today.
- The unemployment rate is down to 4.8 percent in September and is expected to trend lower for October.
- Wage inflation is up nearly 5 percent year over year.
- The 10 year treasury yield fell to 1.524 based on interest rates raising more slowly.
- 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.
- Peloton reduced its sales forecast and it’s shares dropped 4.27 percent during the day and nearly 31 percent last night.
- Uber posted record bookings of $23.1 billion and company revenue of $4.85 billion.
- The WSJ reports that Toyota’s profit surged.
- Airbnb had record revenues in the 3rd quarter as people heavily returned to travel.
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