04-14-20: With 5 Million Additional Unemployment Claims Expected, Could Layoffs Become Permanent?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 14 April 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
As companies look to trim costs, economists say there could be more longer-term and permanent layoffs for retail, travel, and restaurant workers.
Today's Stocks & Topics: GDX - VanEck Vectors Gold Miners ETF, MGM - MGM Resorts International, Stimulus Package, LMT - Lockheed Martin Corp., PM - Philip Morris International Inc., FNV - Franco-Nevada Corp., G - Genpact Ltd., BAC - Bank of America Corp., LUV - Southwest Airlines Co., AAL - American Airlines Group Inc., Sources of Emergency Cash.
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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 fellow investors and welcome to |
| 0:26.9 | invest talk this is our Tuesday April 14th 20 edition of Invest Talk and I thank you all for tuning in today and we remain |
| 0:38.8 | in the middle of this COVID-19 pandemic and obviously there's a lot to to discuss from specifics on industries |
| 0:52.1 | and specifics on companies. on |
| 0:54.2 | companies as well as economies. However, I want to start with something that I've actually |
| 1:01.7 | never done before, but my grandfather grandfather I don't know how many of |
| 1:05.1 | you know this but my grandfather actually is the one that started in Best Talk way back in |
| 1:10.8 | the 90s and he used to start the show with reading the first 15 20 minutes and I |
| 1:20.9 | used to hate this I'll tell you this I used to hate this. I'll tell you this, I used to hate this. |
| 1:24.0 | He used to start the show reading from a book. |
| 1:27.0 | First 20 minutes. |
| 1:28.0 | Some book he was reading and he would find a couple pages and he would read out of it. And I used to think that was, A, the too long of a time |
| 1:38.9 | period, but it wouldn't really teach too much because without any explanation without context it can |
| 1:47.1 | kind of fall in deaf ears. |
| 1:48.1 | I know a lot of people that listen to back then would only listen to the back half of the show because they |
| 1:53.9 | didn't want to listen the first 20 minutes but I think in this time it is |
| 1:57.6 | important to really understand kind of the bigger picture because we get caught up in the rallies and you know what |
| 2:06.0 | sector did this what did the Fed do what did government do and you can lose sight of |
| 2:12.3 | the big picture. |
... |
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