02-21-20: Yale Economist: Markets May Face A ‘Pretty Serious Reckoning’ As Coronavirus Slows Growth
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 22 February 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
The coronavirus may significantly weaken a global economy that is already in a precarious position.
Today's Stocks & Topics: Morgan Stanley Buys E-Trade, L Brands Sells Victoria Secret, Part-Time Jobs in Retirement, APPN - Appian Corp. Cl A, Corona-virus & The Market, EROS - Eros International PLC A, Gold, GDX - VanEck Vectors Gold Miners ETF, GLD - SPDR Gold Shares (ETF), Investing Books.
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Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline and Treasury Yields.
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Investhawk. It is Friday, February 21st, |
| 0:26.3 | 2020 and you know we had some news out today we had some economic reports out today |
| 0:32.3 | and more stuff about the coronavirus, and I know |
| 0:35.0 | you're probably getting tired of hearing it, but it seems to be taking a toll on the market. So I think it's always important and it might be taking a |
| 0:45.4 | bigger toll on the economy than previously thought. So we have to we have to |
| 0:49.1 | consider that. So I mean, even today, who, World Health Organization, a prominent analyst for them, said that the |
| 1:01.6 | spread of the Quonervais is likely to have a continuing effect on |
| 1:04.7 | global markets and here in the United States. |
| 1:08.3 | Even though here in the United States we don't really have much of a coronavirus outbreak. |
| 1:14.0 | Well, that's why you listen to Vast Talk, right? |
| 1:16.0 | I mean, to get the most recent stuff on anything that's going to affect the market. |
| 1:20.0 | And I think that's why we need to talk about it, because that's what's going to affect the market and I think that's why we need to talk about it because that's what's going to affect the market and it's going to affect our economy. What affects our economy will affect the market. |
| 1:29.0 | I'm Steve Pease and I hope you'll call me today in this hour. |
| 1:32.0 | That's where you're listening to |
| 1:34.4 | invest talk and we do this radio program and podcast every day Monday through |
| 1:39.8 | Friday through you know provided by IKPP Financial or company, and I'm hoping to |
| 1:46.4 | become the help you become a better investor with this show. And one way we do that |
| 1:51.6 | Justin and I do that, is to answer questions. |
| 1:55.0 | And of course we end up, we try to make you independent and we try to give you unbiased information and help you make good decisions on your investments. |
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