Scott Becker

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.

Others may think that they're becoming more and more a retailer again versus a tech company.

In any event, struggles there.

Sixth, UnitedHealth Group, also struggling, continuing its downward trajectory.

It's down another 3% to 4% today as it's out there replacing its CFO and announced it's replacing its CFO.

Finally, seventh, a stock that had rebounded so much this year is falling today.

Coinbase is down 15% plus today after missing on a wide range of earnings and revenue expectations.

So thank you for listening to the Becker Business Podcast.

It's the Becker Private Equity Podcast.

Those are some of the stories that we're sharing with you today.

Thank you for listening.

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

This is the three big stories that we're following today.

The market's up, Microsoft up, and MetaPlatform's up.

So here's what's going on.

The stock market, after a relative couple of days, is up 1% today at the S&P, a little bit more than that at the NASDAQ.