10-23-19: The IMF Says China's Economy Is Growing At Slowest Pace in 30 Years
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 23 October 2019
⏱️ 46 minutes
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Summary
Due to escalating tariffs and weakening demand, the International Monetary Fund predicts the Chinese gross domestic product will grow slowly at a rate of only 5.8% in 2020.
Today's Stocks & Topics: Bitcoin, Basic Valuations, Quantitative Easing (QE), U.S. Economy, Real Estate, OEC - Orion Engineered Carbons S.A., PM - Philip Morris International Inc., Retirement Plan, TSLA - Tesla Inc., WeWork, MCD - McDonald's Corp., Pessimistic Or Optimistic About The Market.
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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 Wednesday October 23rd 2019. |
| 0:27.0 | And of course you know news keeps happening every day. I was especially interested in after hours on Tesla's report. Did you see |
| 0:34.6 | Tesla's numbers? It's funny, you know, they missed on sales but beat on profits |
| 0:46.2 | and the stock is up sharply. Now some other companies will miss will beat on profits and miss on sales and they'll be crushed just |
| 0:50.3 | the opposite. It doesn't make a lot of sense to me, but that's the market. It's always |
| 0:55.1 | about what they expect in the short term. What's the expectations? And they didn't expect |
| 0:59.2 | Tesla to do so well. So it's kind of interesting to watch the news and the byplay of what's going on. |
| 1:04.7 | And I noticed Tesla's up about 20% after hours. |
| 1:07.6 | We'll see what is that up tomorrow when it opens. |
| 1:10.5 | I doubt it would be up that high. I'm Steve Peasley. I thank you for joining me today. I hope you'll also give me a call. |
| 1:18.0 | Anything investing, anything financial will talk about. And when you do make that call, of course you're driving the show in the |
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| 1:56.1 | 401k. I have even talked to people that the company will match it and they still won't invest in the 401k. They'll match some money |
| 2:00.1 | and so they're giving up free money. It doesn't make sense to me. And you know I do hear from them, well I need all that |
| 2:06.9 | money. I need it because it covers my expenses. Reduce your expenses. Almost everybody listening to the radio show, |
| 2:14.6 | you could reduce your expenses. |
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