07-29-2020: Case Study: McDonald’s Revenue Plunges 30% Despite Progress At U.S. Restaurants
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 29 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The coronavirus pandemic has made earnings difficult to forecast and McDonald’s had its largest miss in more than three decades.
Today's Stocks & Topics: Home Sales, GDP, ETN - Eaton Corp. PLC, BWA – Borg Warner Inc., CZR - Caesars Entertainment Inc., ALL - Allstate Corp., ITW - Illinois Tool Works Inc., Bond Funds, Organic Foods, SFM - Sprouts Farmers Market Inc., FSM - Fortuna Silver Mines Inc., RWT - Redwood Trust Inc., The Fed Meeting, ADP - Automatic Data Processing Inc., BGFV - Big 5 Sporting Goods Corp., Oil Stocks.
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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, and now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Wednesday, July 29, 2020. |
| 0:27.0 | And time certain things are moving pretty fast for us. I mean time, don't know as we get all older I don't |
| 0:34.4 | know if you've noticed but I have noticed that time moves faster as you get older and |
| 0:40.8 | it also moves faster because it's now what July 29th. |
| 0:45.0 | They have two training days remaining in July |
| 0:48.0 | and then we move on to August. |
| 0:50.0 | So the first month of the third quarter will be over. |
| 0:54.0 | And before you know, it's going to be Labor Day. |
| 0:56.4 | And I wonder if school is going to open. |
| 0:59.2 | I mean, many places have postponed it. |
| 1:01.6 | Some places are going to have it. |
| 1:04.3 | I don't know. |
| 1:05.3 | It's certainly going to be a different school year starting this year. |
| 1:10.3 | And I know a lot of parents out there and grandparents. |
| 1:12.4 | I got a lot of nieces and nephews and grandnieces and nephews now. |
| 1:16.0 | And, you know, they're in a quandary. Some of them are being homeschooled and have been for some time, but certainly an interesting times we live in, huh? |
| 1:25.0 | The market is continuing to be volatile. It's kind of on an upswing as we know. |
| 1:31.0 | The effects of the COVID-19 crisis are disrupting just about every |
| 1:34.4 | sector and of course the way we go around living our day-to-day lives has |
| 1:40.3 | certainly changed. |
... |
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