10-15-19: Is the World Economy Sliding Into First Recession Since 2009?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 16 October 2019
⏱️ 47 minutes
🧾️ Download transcript
Summary
The global economy is wobbling and the big question in financial markets and executive suites now is this: Will it tumble over? HOST: Steve Peasley.
Today's Stocks & Topics: iShares MSCI Germany ETF (ETF)--EWG; Exxon Mobil Corp.--XOM, Chevron Corp. --CVX; Fidelity MSCI Real Estate Index ETF (ETF)--FREL, iShares Residential Real Estate ETF (ETF)--REZ; Coca-Cola Consolidated Inc.--COKE.
ALSO: U.S. Housing investment is high, why?; American consumer is confident; Amazon's security cameras may be watching you if...; What should I do now with my investing funds?; Berkshire-Hathaway's $122 billion cash reserve, why is Mr. Buffett holding so much cash?; Investing opportunity of a lifetime may be here.
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, Treasury Yields. Today's TRIVIA question: "If you are a Costco investor, you might like their rotisserie chickens... but do you know how many they sell in one year? And do you know how much money Costco LOSES on the sale of their chickens?" (Steve has the answer in the show.)
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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 |
| 0:26.2 | October 15th 2019 and you know we've been watching the news as we do every |
| 0:30.9 | day. It's one thing I like to do. I like to read economic reports. I like |
| 0:35.0 | to read the financial news. I'm not too hip on the political news, but I do pay attention |
| 0:41.3 | because it affects stock prices. So I have to do that too, but that's not my favorite |
| 0:46.6 | But the news changes all the time financial news especially |
| 0:50.7 | Then that's one of the reasons why I like it too much because it is constantly changing and it's never exactly the same. |
| 0:56.4 | Okay, we have cycles we go through, right? Economic cycles, stock market cycles, but the news that pushes these things around is different all the time. |
| 1:05.0 | Anyway, there are lots of variables at play, and we're going to be watching it. We're going to talk about it. |
| 1:10.0 | We're going to give you unbiased opinions about that things, guidance too. I'm Steve Peasley and thank you for |
| 1:16.5 | joining me today as usual and I hope you'll give me a call I want to talk to you |
| 1:21.2 | ask anything of any investing questions you would like. |
| 1:25.0 | And when you make that time, you make that time to make that call, you of course drive the show in any direction you wanted to go. |
| 1:32.0 | And as long as it goes on a |
| 1:33.8 | financial direction I'm all on board. So I would love to hear from you. And of course |
| 1:39.7 | everything is geared toward us all making money and all achieving that goal of financial freedom. |
| 1:45.8 | And sometimes that's pretty difficult. |
| 1:47.8 | But it is doable. |
| 1:49.8 | So give me a call. |
| 1:51.1 | I'm going to take your calls right now 8889924 278. |
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