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