04-16-20: Can PayPal And Square Finally Prove They Can Beat The Banks?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 17 April 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
With many small businesses in COVID-19 crisis mode, PayPal and Square have been approved to distribute Paycheck Protection Program (PPP) loans.
Today's Stocks & Topics: LOGI - Logitech International S.A., XOM - Exxon Mobil Corp., CVX - Chevron Corp., Travel Industry, DAL - Delta Air Lines Inc., ETFs, WDAY - Workday Inc. Cl A, Silver ETFs, Non-Traded REITs, Index Investing, Money Market Funds, Oil Industry, GILD - Gilead Sciences Inc.
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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 Invest Talk. This is our April |
| 0:30.0 | 16th 2020 edition of Invest Talk and I hope you all are enjoying this nice fun |
| 0:38.7 | volatility that we're having definitely the most interesting market in a decade right since the |
| 0:45.4 | financial crisis and there's a lot of opportunities there's a lot of |
| 0:49.1 | pitfalls and we are here to help guide you through all of this and the financial disruption caused |
| 0:56.4 | by COVID-19 are certainly the most serious crisis since 2008. |
| 1:03.8 | And for millions, even more severe. |
| 1:07.0 | We had another report today on jobless claims down about 5.5 million so in aggregate between the the last four weeks |
| 1:16.0 | basically span of a month lost about 22 million jobs. |
| 1:21.0 | Another big question is what happened next? Now is a surge after hours, |
| 1:26.2 | optimism around a vaccine. May or Manhattan not happen and I think that's what you're likely to see for a while. |
| 1:35.0 | You know, there's hopeful news around some treatment or some vaccine. |
| 1:41.0 | And, you know, these are difficult problems to solve, even though we have the best minds of the world |
| 1:49.4 | looking at it and trying to solve the medical treatment side of it, there's no guarantee that they actually |
| 1:58.9 | come to one. |
| 2:01.9 | They've been, they've known about the flu for decades and we still have to adjust for the latest flu strain with the flu shot and you know there's still a lot of challenges with dealing with the flu |
| 2:16.1 | which as we know is not as deadly as this especially for older people. |
| 2:23.7 | So now the next big question that investors are looking is, when will the country reopen? |
| 2:30.0 | And the White House has released some guidelines on that, but I think it'll be in a lot of ways |
... |
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