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This is Scott Becker with the Becker Business in the Becker Private Equity podcast. We try each day to bring you one to two business and market insights episodes plus an interview with the business leader. We hope you enjoy the cadence. Love your comments at any time. So these are the 10 big market and business stories that we're following this week. First, the first story is a big story. Unemployment jumps to a four year high at 4.6%. This growth in unemployment is hitting white collar workers more than blue collar workers so far. But but often a leading indicator or a lagging indicator of problems to come in the economy. So we'll see how that goes. Second, Tesla this week hit a record stock price, then retreated a little bit on Wednesday but back up on Thursday. Probably right about a record price and valuation again. So that's the second big story we're following this. Third, Oracle is Oracle, the canary in the coal mine. Oracle's given up almost all of its gains year to date and a lot of the most recent concerns are that it's losing potentially it's financing for a huge data center project in Michigan. That's a $10 billion project. But but it sends more shockwaves through the AI world that other parties will have trouble with financing and so forth and that there's just might be more that's bitten off that people can actually true or handle. So that's why Oracle is a concern. And what's going on with Oracle again early this year? Up 70% now about 5 to 10%. It's given back about 70% this week. Fourth, Elon Musk hits a new net worth record. This is largely based on the valuations of SpaceX and Tesla. I know it's a little bit of an Elon Musk week. We'll move beyond that. Some other stories as well. Fifth, the NASDAQ and the S P got crushed on Wednesday, but seemed to rebound greatly on Thursday. We're recording this Thursday afternoon when the markets have largely gotten back what they lost on Wednesday. You'll hear this on Friday. So we'll see if that ends up being the case. But so far so good. Sixth, Medline, the medical supply company, the healthcare supply company went public in a massive public offering. Then the stock jumped 40% and this is sort of brilliant. You might think they underpriced it, but here's the real game that's afoot. People selling an IPO about 10% of the shares of the company. If then the rest of the company is revalued at a 30, 40% higher number. It means that the other 90% that they own is now going to show a liquid value of a lot bigger, bigger number. So there's a game to this. What you don't want is do an IPO and have it be so fully priced where you've only sold part of your shares and then have the stock go down. Here they liquidate a small portion of their shares, they raise some capital, dilute about 10%, but they've caused the rest of the company to be valued at a much higher number. So that's what we're seeing there. Seventh, it's been a tipsy topsy week for Nvidia. It dropped about 4% Wednesday, getting some of those gains back on Thursday. Eighth, a very similar story with Palantir Technologies. It's up 135% year to date, but also had a very tough time Wednesday when the market was struggling. Ninth, the ninth story that we're following closely is inflation dipped down a little bit to an annual rate of 2.7%. That's food is very good news by the markets as they view that as more likely to lead to the Fed being comfortable reducing rates, which would give some liquidity and some oomph to the markets. Finally, 10th, Warner Brothers discovery remains in play, though it seems like they're very intent on sticking with Netflix versus going with the Paramount deal. People are watching that closely. The battle doesn't seem to be fully over, but people are keeping an eye on that. A couple other points that I'll make, and these are outside of the top big stories of the week. It seems like the second that I finally put direct money in a mega cap company, that means that it's going to go down. I had that experience not long ago in putting some money into Google and Nvidia. Again, I'm a long term investor. I'm largely an index investor and treasury fund, treasury bonds investor. But I do like to have some money in these individual stocks. It's almost hard not to. But as soon as I put money into it, they seem to go. A couple other things that we're watching this week, Elliott Investment Management, one of the renowned activist investors. The last thing you want to hear is a board is that Elliott is now taking a stake in your company. They have now taken a billion dollar stake in Lululemon. Lululemon's down about 45% year to date and that's Lululemon. The shareholders like that because it'll push Lululemon to do some things. The actual leadership and management probably doesn't love it. Another story we're following that we're watching, JP Morgan names several stocks they see most subject are likely to a big reversal. Those include some big AI type names and some, you know, Broadcom, Advanced Micro Devices, but also some other names, Expedia, Estee Lauder, Invesco, and Nucor. Just fascinating to see what they say and what they're looking at. Those are again, the 10 big market and business stories we're following this week, plus a few more. Thank you for listening to the Becker Business and the Becker Private Equity Podcast. Thank you for joining us.
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Before investing, consider the fund's investment objectives, risks, charges and expenses. Visit statestreet.com im for a prospectus containing this and other information. Read it carefully. MDY is subject to risks similar to those of stocks. All ETFs are subject to risk, including possible loss of principal. Alps Distributors Inc. Distributor.