07-06-2020: 13 Million 'Gig' Workers Are Getting 41% Of All Unemployment Benefits
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 6 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The Pandemic Unemployment Assistance program (PUA) is meant for the self-employed, independent contractors, and gig-economy workers-- but is it helping?
Today's Stocks & Topics: GBTC - Grayscale Bitcoin Trust, Oil, I-R-A Myths,
UTF - Cohen & Steers Infrastructure Fund Inc., MGIC - Magic Software Enterprises Ltd., Earnings, Roth I-R-A, GSX - GSX Techedu Inc. ADR, Diversification.
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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 |
| 0:26.6 | Invest Talk. This is our Monday July 6th 2020 edition of Invest Talk and starting a new week we just finished a holiday shortened week |
| 0:37.8 | I hope everyone had a fun and safe 4th of July and markets were pretty upbeat last week and we started again on the same |
| 0:48.4 | tone today and we're threatening a breakout in the market so that'll be interesting to watch to see if we |
| 0:56.3 | confirm by the end of the week and you know we are now in a summer right we just passed 4th of July. I know it's been a weird year a crazy year |
| 1:08.8 | There's civil unrest we're still in the middle of a pandemic and you can call it wave one or wave two, but we know |
| 1:18.8 | that cases are increasing, but how are government's going to react? Are we going to shut down again? I don't think so. |
| 1:24.7 | How much will it impact the average person's activity level? travel schedule, daily habits. |
| 1:38.0 | Clearly for the younger generation, |
| 1:41.0 | it looks like they're trying to get back to normal, and aren't worried too much about |
| 1:47.6 | the virus, whereas the older generation, maybe a different story. It's a microcosm of the report that I talked about last |
| 2:00.8 | week from Make America which saying 2020s are going to be about the millennials and the millennials are the ones out and |
| 2:06.8 | moving |
| 2:07.8 | catching coronavirus COVID-19 and you know for the most part kicking it. |
| 2:13.0 | That's good. It's a good thing to hear. |
| 2:16.0 | Now we're also entering election season, |
| 2:20.0 | Kanye I guess is running for president. |
| 2:23.0 | We'll see how serious he is about that. |
| 2:25.0 | And we're five, six weeks away, |
... |
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