Private Equity and Business Update 3-10-22 #1

In this episode, Scott Becker discusses:

1. Markets surged yesterday but are set to give back some of their gains this AM.
2. Interest rates are rising again.
3. The market remains choppy with uncertainty from the war and the unexpected consequences of the war and impacts on supply chain, inflation and interest rates.
4. Oil dropped back to $111 in part on news Saudi Arabia and others would increase production.
5. Amazon announces a 20 for 1 stock split and a $10 billion dollar buyback.
6. Bank of America up more than 6% yesterday.
7. Honda cutting production 10% amidst global uncertainty and chip shortages.
8. Bitcoin jumped yesterday but set to give back a lot of those gains today as it’s down 7+% in overnight trading.
9. Jeff Zucker the former head of CNN records $5 million in severance.
10. Dicks Sporting Goods had a record year in 2021.

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