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InvestTalk

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

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

4.41.5K 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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Transcript

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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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