02-25-20: Opinion: Some Of The World's Biggest Economies May Be On The Brink Of Recession
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 26 February 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
There are signs that some of the world's top economies could slide into recession because the coronavirus outbreak compounds pre-existing weaknesses.
Today's Stocks & Topics: Top Medicine Technologies, Age Discrimination, Coronavirus Out of Control?, Side Jobs in Retirement, INTC - Intel Corp.,
F - Ford Motor Co., RIG - Transocean Ltd., Dollar Cost Average, VNQ - Vanguard Real Estate ETF, UPS - United Parcel Service Inc. Cl B, WFC - Wells Fargo & Co., MNK - Mallinckrodt PLC, Low Risk Program, KO - Coca-Cola Co., CAKE - Cheesecake Factory Inc., XOM - Exxon Mobil Corp.
TRIVIA QUESTION: "Companies across the globe are putting their planned initial public offerings on ice-- YEAR TO DATE--what is the percentage of drop offs in IPO activity--compared with last year?"
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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 Invest Talk it is Tuesday |
| 0:25.3 | February 25th 2020 well we've seen the very volatile market have we not and all |
| 0:31.5 | about the coronavirus spreading to Italy. Now I have a |
| 0:36.8 | feeling the coronavirus is probably going to spread everywhere but it's |
| 0:40.6 | amazing to me that tens and thousands of people die from the flu every year and the coronus virus you have a total of 2,500 people so far that's died. |
| 0:52.0 | It just seems to be an outside response. I understand that it's |
| 0:57.8 | much more contagious and that you know that it's a pandemic and you know there's probably proper |
| 1:06.9 | worrying and I was a little you know not that long ago I felt that maybe the |
| 1:10.9 | fears were already built in the market, but obviously they're not. |
| 1:15.2 | So the coronavirus threat is going to be a worldwide thing and it's bringing uncertainty |
| 1:21.7 | everywhere. |
| 1:23.0 | So, and as I said a week ago, I was thinking that the coronavirus fears may have already |
| 1:27.3 | taken in consideration by the markets. |
| 1:29.1 | However, now that's spread, that's not so. It's still taking place. Now I'm thinking once we've had |
| 1:37.9 | what 6% correction in two days or so I'm thinking this is going to set himself up to be a very good buying |
| 1:44.4 | opportunity. I just don't know when that might happen. I mean we don't know when |
| 1:48.7 | how much more damage is it going to do. I mean it's only been 6%. You know it feels bad because it happened |
| 1:55.4 | over a couple of days. But you know it's only 6%. So I'm thinking of normal correction is 10. And will we get 15 out of this |
| 2:06.7 | coronavirus? See we don't know. I don't know. Everybody's worried that's going to have |
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