Private Equity and Business Update 11-22-21 #1

In this episode Scott discusses:

1. President Biden Nominated Fed Chair Powell to a second term as Chair.
2. Treasury yields on the 10 year bond rose nearly 10 basis points to close at 1.625.
3. Growth and tech stocks faltered yesterday on news of Powell’s pick.
4. The equity markets initially jumped on the news of Powell’s reappointment but then the S&P 500 and Nasdaq dropped significantly.
5. Samsung is building a huge chip making plant in Texas.
6. Comcast which is the owner of NBC Universal’s Peacock NBCUniversal owns Hulu with Disney but has the right to pull Hulu from Disney+ and only have the content on Peacock.
7. Goldman points to these 5 stocks as stocks to avoid due to high labor costs to earnings.
8. Zoom stock fell nearly 4 percent on news of slowing growth.
9. Bank of America rose yesterday on the Fed Chair reappointment as bank stocks tend to do well as interest rates and borrowing costs rise.
10. For the first time in months, we are seeing some car commercials.
11. Blackstone finished down 1.4 percent yesterday at 144 on the Fed news.

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