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InvestTalk

10-04-19: Services Sector Survey Shows U.S. Economy Weaker Than Expected

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 October 2019

⏱️ 47 minutes

🧾️ Download transcript

Summary

The services sector continued its expansion in September-- but at a considerably slower pace than anticipated.

 

Today's Stocks & Topics: The Downside of Free Trading Fees, Mortgage Re-Defaults, IBOC - International Bancshares Corp., What to Look Before Buying a Stock, SONO - Sonos Inc., XLE - Energy Select Sector SPDR ETF.

 

Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, Treasury Yields; TRIVIA QUESTION: "Can you name the LAST auto manufacturing company to be publicly listed in a U.S. stock market? And before that event, which was the NEXT MOST recently listed car company-- and in which year did it go public?

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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 everybody and welcome to Invest Talk it is Friday October 4th

0:25.8

2019 and well we've all been watching the news as we do every day all this

0:32.1

week and you certainly saw the market today had a big

0:35.0

up day two big down days Monday Tuesday and then kind of a nothing minst day up yesterday

0:42.4

and up today big update lots of volatility

0:46.5

that's just it's just volatility what can I tell you we had some news jobs

0:51.8

reports we'll talk about that later on that probably withdrew it

0:54.5

But it wasn't that great I'm not sure what drove it I mark it up I'm Steve Peasley and I thank you for joining me today

1:00.4

And I hope you will also call with all your questions this is a call and show

1:04.8

anything financial we'll talk about. Remember you rotate you get to take the

1:09.1

charge of the show well at least where you want it to go by your questions. So take advantage of that.

1:16.1

You can we can talk about anything financial. We're talking about insurance. We're talking

1:20.4

about stocks of course some mutual funds 401k's 453s whatever it is that you

1:26.4

have in your head about financial stuff insurance I mean I have life insurance

1:32.0

experience and work for insurance companies my first years of my career

1:36.5

So anything financial will talk about of course all this is to push us in the same direction all that's the goal, and that's the financial freedom that we all want.

1:46.4

So we'll get there.

1:48.1

We use a philosophy of independent thinking and share success.

1:51.8

So we're all independent thinkers out there, but we're going to share success. So we're all independent thinkers out there but we're going to

...

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