10-09-19: U.S. Budget Deficit Almost $1 Trillion in 2019
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 9 October 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
Many mainstream economists have long taken the position that deficits and the nation’s $22 trillion national debt are unsustainable.
Today's Stocks & Topics: The Importance of October 9th, Cash Levels Are Rising, UBER - Uber Technologies Inc., LYFT - Lyft Inc. Cl A, Insider Buying, NOK - Nokia Corp. ADR, GEO - GEO Group Inc., BGS - B&G Foods Inc., BAGIX - Baird Aggregate Bond Fund Institutional, GDX - VanEck Vectors Gold Miners ETF, GDL - GDL Fund.
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, Treasury Yields, 30-yr fixed mortgage rate; TRIVIA QUESTION: "If you had invested $1,000 in Google 10 years ago-- and let it ride-- HOW MUCH would that investment be worth today?"
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 |
| 0:24.5 | Wednesday October 9th 2019th and of course there's lots of news in coming |
| 0:30.3 | out every day and it wasn't no different, no different today. |
| 0:33.2 | You know, I'd like to see some days without just anything going on in the news, |
| 0:38.0 | economics and the world economy, but that does not happen. |
| 0:43.0 | And today it was all about you know kind of positive news of possible movement in the |
| 0:50.0 | right direction to solve this China thing but I think it's way too premature. |
| 0:55.1 | But the market liked it I mean the Dow was up 182 the Nazica up 80 and the |
| 1:00.1 | SOP up 26. Remember the Dow was down over 300 yesterday it was up 82 today so still |
| 1:06.6 | down you know but you know also there was some hints that the Fed's going to pretty much lower rates by the end of the month again, but we kind of knew that yesterday, so I don't know if that was big change or anything exciting you |
| 1:25.0 | know other than that there's really no economic statistics that came out that were |
| 1:30.6 | any note so it had to be all about possible movement in the right |
| 1:36.3 | direction on the Chinese US trade front so I guess I guess we'll just take it. We'll take it. I'm Steve Peasley and I think you for joining me today. |
| 1:47.0 | And I hope you will call me as well because I want to answer any of your investing questions. |
| 1:51.0 | Any questions on anything to do with finance we'll talk about, anything |
| 1:53.5 | to do with money. We'll talk about that. Okay, other than that I'm not interested. Okay, so stay |
| 2:00.8 | away in politics, stay away from religion, but money I'm interested in on this show. |
| 2:06.0 | Okay, so you can call me and when you do call, you of course drive the direction of what, where we're going to go with the show today. |
| 2:14.7 | What we're going to talk about? |
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