💼 Solid US jobs report, 🍔 McDonald’s has a new CEO, and more… 👀

Mariano Pardo
Nov 4 ¡ 3 min read

💼 The US added 128,000 jobs in October (just 75,000 expected)

The US added 128,000 jobs in October. Although unemployment increased from 3.5% to 3.6% it’s still in a nearly 50 years low. The increase in jobs was not expected to be this high, since the strikes by $GM workers produced a decline of 42,000 workers.
This report together with an increasing optimism in a US-China trade deal are moving US markets to new all-time highs.


✍️ McDonald’s fired its CEO over a consensual relationship with an employee

The company’s board determined that Steve Easterbrook had violated company’s policy by having a relationship with an employee. McDonald’s announced that it has named Chris Kempczinski, most recently President, McDonald’s USA, as President and CEO effective immediately. Kempczinski has also been elected to the McDonald’s Board of Directors.


⌚️ Google acquired Fitbit for $2.1B

Fitbit announced that it has entered into a definitive agreement to be acquired by Google for $7.35 per share in cash, valuing the company at $2.1B.
According to Google, by working closely with Fitbit’s team of experts, and bringing together the best AI, software and hardware, they can help spur innovation in wearables and build products to benefit even more people around the world.


🇪🇸 Amazon Web Services announced a new infrastructure region in Spain

AWS announced it will open an infrastructure region in Spain. The new region will consist of three Availability Zones at launch, and will be AWS’s seventh region in Europe. The Spain Region is expected to open late 2022 or early 2023.


☁️ MongoDB announced a partnership with Alibaba Cloud

MongoDB announced a partnership with Alibaba Cloud to offer customers an authorized MongoDB-as-a-service solution. Customers of Alibaba Cloud will be able to use this managed offering from Alibaba Cloud’s data centers globally.


🎮 Call of Duty: Modern Warfare had +$600M in sell-through in its first 3 days

Activision’s Call of Duty: Modern Warfare had more than $600 million in sell-through worldwide in its first three days of release. The title has sold more units in its first three days than any other Call of Duty game sold in its first three days in this console generation, and is the top-selling new premium game release of 2019. Modern Warfare also established a new record as the #1 top-selling digital opening in Activision history. With its blockbuster launch, in its first three days of release, Call of Duty: Modern Warfare more than doubled the box office opening of Joker.


📊 Top earnings reports this week


📈 Last week earnings results


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Mariano Pardo

Written by

Software Development Engineer at AWS & Elite Popular Investor at eToro — https://inspectcompany.com

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