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
4.4 • 1.5K 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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