04-23-20: COVID-19 Retail Bankruptcies May Just Be Beginning
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 April 2020
⏱️ 49 minutes
🧾️ Download transcript
Summary
Cost-cutting measures help but most companies have big bills to pay, so survival may depend on available cash and due dates for their biggest loans.
Today's Stocks & Topics: The Oil Market, Medicare, GRPN - Groupon Inc., Life Insurance, COST - Costco Wholesale Corp., GDX - VanEck Vectors Gold Miners ETF, Roth I-R-A, Leon Cooperman Says The Coronavirus Crisis Will Change Capitalism Forever, OXLC - Oxford Lane Capital Corp., KSS - Kohl's Corp.
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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 Wealth to Invest Talk. This is our Thursday, April 23rd, |
| 0:30.3 | 2020 edition of Invest Talk and the COVID-19 pandemic continues on and in many ways |
| 0:38.6 | this has surpassed the events of 2008 and you know last 11 years ago 12 years ago now this there was a |
| 0:47.0 | financial crisis caused by a mortgage meltdown that fed into a main street |
| 0:51.6 | crisis and you know today it's kind of the other |
| 0:54.4 | we're out where we've at the Main Street crisis that is going to morph without |
| 1:01.9 | help of governments and federal reserve into some sort of |
| 1:06.0 | financial crisis and the big question is what are those knock on effects and how does that |
| 1:10.4 | affect the market as well as your portfolio? |
| 1:15.2 | Now when is the economy reopening, what does that even look like? |
| 1:20.5 | I know there's been mandates around how restaurants can operate with 30% capacity |
| 1:28.9 | which you know frankly just won't happen so there's a lot to unpack in these times and we're going to do our |
| 1:37.1 | best to get to all of your questions today. I know we have a lot of new |
| 1:40.9 | listeners and a lot of questions and that's what this show is predicated on |
| 1:45.9 | on your answering your questions in an unbiased way and helping you develop strategies to deal with the volatility and succeed |
| 1:55.7 | really in any market but you know it's more pressing to see in today's market, right? |
| 2:03.3 | For today that is, it's about having the right strategy |
| 2:06.6 | or today so that you can achieve |
| 2:08.0 | your own version of financial freedom. |
... |
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