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InvestTalk

05-04-2020: First Quarter Health-Care Spending Plunged, Helping To Sink Economy

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

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

4.41.5K Ratings

🗓️ 4 May 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

The coronavirus put non-emergency health-care services on hold and the sector saw 42,000 jobs lost in March.




Today's Stocks & Topics: Unemployment Rate, VIAC - ViacomCBS Inc. Cl B, AY - Atlantica Yield PLC, Nesara-Gesara, Sales Earnings, FANG - Diamondback Energy Inc., COUP - Coupa Software Inc., CRWD - CrowdStrike Holdings Inc. Cl A.



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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 fellow investors and welcome to Invest Talk. This is our May 4th

0:28.6

2020 edition of Invest Talk and usually it's the time of year where I say wow the year's flying by but definitely not this year

0:38.0

You know obviously we're living through a historical

0:45.0

unprecedented time. America is beginning to reopen in some stages

0:50.8

in certain states and counties, city by city. Some are going their own way, others are

0:59.0

following broader government measures and you know many of the jobs that were lost are

1:11.0

potentially coming back online hopefully.

1:14.0

And the big question is, when will the economy regain some positive momentum?

1:21.0

Now there are some signs that there is some positive momentum. Now there are some signs that there is some positive

1:24.3

momentum, right, as people kind of get tired of sheltering in place and

1:32.0

certain businesses just open out of necessity.

1:36.6

Right, I'm hearing, you know, anecdotal things

1:38.9

here locally of just businesses that are

1:45.0

are reopening because they have to otherwise they're going to go under. And I think you're going to see a little bit more and more of that.

1:50.0

Certain cities and law enforcement not enforcing. in St Clemente actually is ignoring the closing of the beaches over the weekend by the

2:08.8

governor and there were people going to the beach.

2:12.8

So that was pretty interesting.

2:15.0

And for investors, the big question here is,

2:19.8

how fast will this momentum build and can we get back to some semblance of

...

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