Private Equity and Business Update 11-4-21 #1

In this episode Scott discusses:

1. The stock indexes hit records yesterday.
2. Futures open mixed this am with the tech driven Nasdaq up and the Dow and S&P essentially flat.
3. The 10 year treasury yield opens at about 1.57 up from its open yesterday.
4. Zillow’s stock dropped 23 percent yesterday and it’s laying off 25 percent of its employees.
5. The Fed will start to reduce its bond buying by $15 billion a month.
6. Weekly jobless claims are right around 299000 on average for the last month. Pre pandemic they were around 218000 a weekly average a month.
7. Lyft rose 14 percent yesterday as its revenues jumped in the 3rd quarter.
8. Avis dropped 17 percent after being up 100 percent the day before.
9. Marriot reported revenues of $3.95 billion and profits of $220 million.
10. The New York Times had a great quarter with profits of $54.7 million on revenues of $509 million. 70 percent of its revenues come from subscriptions.

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