Scott Becker

The true tech tech companies, NVIDIA, Microsoft still taking off.

The others, Amazon, Apple, having some of their challenges.

It's fascinating to watch this breakdown between tech and non-tech amongst the Magnuson 7.

Thank you for listening to the Becker Private Equity Podcast, the Becker Business Podcast.

We'll be back with you shortly with a few more episodes.

Thank you very, very much.

This is Scott Becker with the Becker Business Podcast, the Becker Private Equity Podcast.

Today's discussion is seven of the stories that we're following today.

It's Friday, August 1st.

Also, unemployment ticked up to 4.2%.

Second, as of right now, the S&P is down about 1.65%.

That's a cluster.

The NASDAQ is down 2.14%.

Third, the labor market, as we said a moment ago, added 73,000 jobs.

The earlier months were also revised downward, showing a slowing in hiring in the U.S.

The unemployment rate ticked up to 4.2%.

fourth open ai uh the the company that essentially is the sam altman company valued at 300 billion dollars in private market transactions investors added 8.3 billion dollars into it uh some of the biggest names in private equity and in venture capital joining that uh people like blackstone tpg andreessen horowitz and a hell of a lot of others also founders fund sequoia capital like a who's who of ultimately funds and investing in that

Fifth, Amazon, which is one of the stocks that we are directly invested in, is getting hammered today.

It's down nearly 8%.

One analyst says they're getting complacent.