10-08-18: General Electric’s $500 Billion Market Meltdown
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 9 October 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
GE's stock collapse represents an 81 percent drop from its peak in 2000-- and comes amid record-setting market gains.
Today's Stocks & Topics: Lease or buy a car?; Term Review-Rainbow Option; Investment grade treasuries index; Goldman-Sachs 'Marcus' division lending activity; Chinese peer-to-peer lending; 20-year treasuries; AMAT - Applied Materials, WMT – Walmart, GM- General Motors, Portfolio Review minimum investment?
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| 0:00.0 | Invest Talk listeners ask Steve and Justin what they use for their winning investment research |
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| 0:18.0 | KPP Financial Steve Peasley President, KPP Financial, Independent Thinking, Shared Success. |
| 0:27.0 | And now today's podcast. Good afternoon everybody and welcome to Invest Talk and I think you for joining us today. |
| 0:45.0 | I'm Justin Klein and today is October 8th |
| 0:49.0 | 2018 and it's also Columbus Day |
| 0:52.0 | And it's somewhat of an oddity among holidays. |
| 0:56.0 | Less than half of the states give their workers Columbus Day off as paid holiday and |
| 1:01.2 | most non-government businesses are open. |
| 1:05.0 | Banks and the bond markets close, but the stock markets open. |
| 1:10.0 | Pretty interesting. |
| 1:12.0 | Usually that's a rarity in our markets but that's just the way |
| 1:17.0 | it is. Post office doesn't deliver today either. So it's kind of a weird day in the markets but then why I see NASDAQ other major markets were |
| 1:26.1 | all business as usual now before we dive in today's market activity and your questions I want to mention two |
| 1:34.8 | headlines of interest I saw this morning. First FedEx is so desperate for |
| 1:39.8 | pilots that holiday season it pays them up to $110,000 to delay their retirement. |
| 1:46.0 | And obviously FedEx, UPS, they're expected to do well |
| 1:51.0 | this holiday season as more and more people ship |
| 1:55.0 | things and FedEx pilots with 30 years experience already make around $300,000 |
| 2:00.3 | a year so certainly you see the rise and continue rise of online shopping and you need |
| 2:10.0 | shippers to do that. So FedEx is and EUPS are great barometers for the economy. |
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