04-28-20: American Express Quarterly Profit Plunged By 76%
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 29 April 2020
⏱️ 44 minutes
🧾️ Download transcript
Summary
Credit card company American Express posted a 76% drop in first-quarter profit, and other card issuers must be ready for potential payer defaults.
Today's Stocks & Topics: CCI - Crown Castle International Corp., AMT - American Tower REIT, UPS - United Parcel Service Inc. Cl B, HSY - Hershey Co., VCADX - Vanguard CA Intermediate-Term Tax-Exempt Fund Admiral, Refinancing, Pullback, BRKB - Berkshire Hathaway Inc. Cl B, PTI - Proteostasis Therapeutics Inc., New Investor.
TRIVIA QUESTION: "In the current economic climate, almost every airline is at risk. Over the years we have had many airlines go bankrupt-- can you name a few of the biggest airline failures?"
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | 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 to stay April 28th 20 |
| 0:28.0 | I do but I'm certain I am tired of this COVID-19 pandemic. We've got to get past this somehow. |
| 0:35.0 | Too bad there wasn't a magic wand we could wait, but we're still dealing with it. |
| 0:39.0 | We're going to have to deal with it for a while longer. |
| 0:42.0 | We've never been through this kind of situation before. |
| 0:45.0 | You know, in 2008, that was just a fine, or it wasn't just, it was a financial crisis caused |
| 0:52.0 | in part by the Morgan default belt downs and owning people |
| 0:55.1 | money that had no intention to ever be able to pay it back. Thanks foolish. But this |
| 1:01.0 | time we shut that economy down ourselves. So how do I restart it? That's the big question. Everybody's talking about restarting now. And some states are starting to move it into that phase, the very beginning of the very beginning of the first phase, and there's |
| 1:16.3 | apparently other phases that they've talked about. |
| 1:19.9 | So how do they do that? |
| 1:21.4 | I mean, how is that going to work? I mean we'll talk about that later on. |
| 1:24.8 | Now you have you have investment questions I'm sure and I'll do my best to give |
| 1:30.3 | you unbiased answers and as an investor you unbiased answers. And as an investor, you want strategies. |
| 1:35.3 | I know Justin all about trying to help with that. |
| 1:38.2 | You deal with a lot of volatility. |
| 1:40.0 | You see the market today, it was up big at one point, |
| 1:42.2 | then give it all backwards was down and then came back |
| 1:46.4 | it was finally it did down for day but you know it was pretty volatile, pretty volatile day. |
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