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16 stories we are following this morning.
1. The markets point slightly down this am.
2. The Nasdaq is up 22% year to date.
3. The S&P 500 is up 20% year to date.
4. Stellantis Jeep is down 14% today on lower forecasts for sales and profits. Increasingly Jeep seems very poorly managed. What a mess it's become and they stopped selling the Jeep Cherokee, my favorite car.
5. The unemployment rate has steadily crept up in 2024 and sits at 4.2%, near its highest level in almost three years. Yahoo Finance.
6. McGuireWoods LLP just concluded its annual health care finance and growth conf in Charlotte and will start planning shortly for its 2025 Health Care Private Equity Conference. For information on health care private equity and market trends reach Amber Walsh, Holly Buckley or Bart Walker. Listen to David Pivnick on multiple topics on our podcast.
7. Ryanair dropped 61% Friday on reduced earnings and trouble ahead.
8. Acadia Healthcare shares plunged after the operator of behavioral health facilities said it was being investigated by federal authorities looking into its "admissions, length of stay and billing practices." The stock dropped more than 16%. Investopedia.
9. Becker's Healthcare kicks off its annual Health IT Digital Health and Revenue Cycle Management Conference tomorrow. Thank you to Virginia Egizio, CMP Kristelle Khazzaka and a whole lot more.
10. The Beckers Healthcare CEO Conference in November is essentially sold out. President George and Jenna Bush, Emmet Smith and Drew Brees are all speaking. For information reach Jessica Cole or Allison Warner. A shout out today to the incredible and talented Katie Atwood Annie Stokes and Emma Bulwa.
11. Coinbase jumped 6% Friday but looks to give a good deal of that gain back today.
12. Americans are finding it harder to find jobs.
13. The Levin Becker Economic Fear Index sits at 7.6% this week.
14. The Becker Private Equity and Business Podcast has nearly 300000 downloads this month. A near record month. We have started taking advertising on the podcast. Please don't leave or laugh at some of the pre roll ads. We don't control them. God bless America. And Thank you Jeremy Corr and Chanell Bunger.
15. "The Entrepreneur's Edge- How to Build Grow and Manage a Business" is on sale at Amazon and Apple. ".
Most of these are sold at 99 cents or for similar amounts so no we aren't making a living from it. Think of it as an advanced hobby and great fun. If you buy a digital book inexpensively on kindle and are one of the first 3 to text me (and you leave a review), I'll send you a hard copy by UPS. Text me at 7737665322.
16. Thank you to Jason Koh, MD, MBA and Janet Myers I was fortunate to get a tour of the Endeavor Health Skokie Orhopedic and Spine Institute this past week. The Institute performs an incredible number of orthopedic surgeries. God bless Dr Mark Bowen as well.
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