09-15-2020: Treasury Secretary: ‘Now Is Not The Time To Worry’ About Deficit Or Fed Balance Sheet
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 15 September 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Steven Mnuchin says that the economic crisis warrants extraordinary stimulus from both Congress and the Fed.
Today's Stocks & Topics: MET - MetLife Inc., Social Security, GM's Flying Car, LMND - Lemonade Inc., REITs and I-R-As, QDEL - Quidel Corp., BDX - Becton Dickinson & Co., Diversification, AMAT - Applied Materials Inc., JANWX - Janus Henderson Global Research Fund, TSLA - Tesla Inc.
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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 Tuesday |
| 0:24.4 | September 15th 2020 and there are only 11 trading days left in the month and of |
| 0:30.6 | course 11 days left in the quarter as well. |
| 0:34.0 | So we're going to be ending the quarter, then we're going to move into |
| 0:36.3 | earning seasons again, starting next month. |
| 0:40.0 | Now the fourth quarter then is coming up pretty fast and then into the year of course but you know it's |
| 0:48.9 | been a pretty strange year. |
| 0:51.4 | We're coming trying to come out of a recession and I heard just recently this today that they're trying to |
| 0:57.2 | re-shut down San Diego County here on the West Coast so they're thinking about it after |
| 1:02.3 | they opened it up just a couple weeks ago. |
| 1:05.7 | Think about that. |
| 1:06.7 | Restaurants, gyms, they can't survive when you keep showing it and They're not going to survive. And there's |
| 1:14.3 | hundreds of thousands of restaurants haven't been able to reopen. |
| 1:18.8 | I know it's bad. I know that the coronavirus is bad some places, but the economy won't survive this kind of open clothes, open clothes, open clothes just can't you know it's just not not a good situation certainly is |
| 1:38.0 | Okay, so we got 11 trade days laugh |
| 1:41.0 | fourth quarter is almost upon us, and we're really dealing with a lot of |
| 1:46.5 | volatility. The question is how do you handle it? How do you compensate for the |
| 1:50.8 | volatility? I'm T. Peasley and today in this program and |
| 1:54.7 | podcast we're going to do my I will do my best to provide some answers to you. |
| 2:00.4 | Financial or investment questions are always welcome, but that's all I want to talk about is financial investment questions. |
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