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InvestTalk

02-18-20: Report: Coronavirus Scare Leads Fund Managers To Slash China's Growth Outlook

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.41.5K Ratings

🗓️ 19 February 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

Investment professionals now see China’s $12.2 trillion economy rising an average of only 5.2% over the next three years.

 

Today's Stocks & Topics: Americans are Saving More Money, Trump's Tax Cuts Benefits, Tesla in Germany, MU - Micron Technology Inc., CVX - Chevron Corp., AEM - Agnico Eagle Mines Ltd., UPS - United Parcel Service Inc. Cl B, REITs, Recession Signals, SRNE - Sorrento Therapeutics Inc., CBL - CBL & Associates Properties Inc.

 

TRIVIA QUESTION: "In America, WHAT is the LEAST 'tax-friendly' state-- and WHAT is the MOST 'tax-friendly' state?

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Transcript

Click on a timestamp to play from that location

0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.3

KPP Financial, Independent thinking, shared success.

0:15.0

And now today's podcast.

0:17.0

Good afternoon everybody and welcome to Invest Talk it is Tuesday

0:25.8

February 18th 2020 and of course as usual there's always kinds and all kinds of

0:30.6

news out and I'm in of late it's all about the coronavirus and its threat on the

0:36.4

economy of China and of course the other places around the world we'll talk

0:40.4

about that markets Markets like security.

0:43.4

They don't like all this, what's happening in China and is it gonna, how bad is it gonna

0:48.8

affect everybody?

0:50.6

markets don't like that.

0:51.9

That's why you're seeing a lot of volatility. It's making

0:54.3

investors nervous. So and that's what that's what we're dealing with. But I

1:00.4

think the coronavirus fears may have already been kind of baked into the

1:05.0

trading calculations. I think that we already know, we meaning the investing

1:11.2

public, know what kind of effect and I don't think we're seeing that much of an effect.

1:17.0

Now don't get me wrong there's going to be effects on certain companies like Apple today talked

1:24.7

about down gradings, their expectations because of this, but it's going to have an effect

1:32.0

but the market is already pretty much baked in how much of it they need to worry about.

1:37.0

Anyways, it's an interesting thing. Really is.

1:42.0

You're listening to Invest Talk. It's an interesting thing. Really is.

1:43.6

You're listening to Invest Talk,

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