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InvestTalk

11-01-19: U.S. Economy Added A Solid 128,000 Jobs In October Despite GM Strike And Loss Of Census Workers

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Entrepreneurship, News, Investing, News Commentary, Business, Business News

4.41.5K Ratings

🗓️ 1 November 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

The economy grew at 1.9% in the third quarter and the Labor Department says the unemployment rate rose to 3.6% from a 50-year low of 3.5%.


Today's Stocks & Topics: ISM Report, Is The Market Overvalue?, Holiday Spending, INTC - Intel Corp., SCHW - Charles Schwab Corp., COP – Conoco Phillips, BGS - B&G Foods Inc., Roth I-R-A & Capital Gains Tax, Vaping, AUY - Yamana Gold Inc.


Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, Treasury Yields, 30-yr fixed mortgage rate, Consumer Sentiment Index, Job Participation Rate and Savings Rate.


TRIVIA QUESTION: How many people are currently IN the U.S. "labor force"? And what was the SIZE of our labor force back in 2010-- and way back in 1979?

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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 a vest talk it is Friday November 1st

0:29.0

2019 and well you know there's been a lot of news this week. This was a week full of economic

0:36.2

data and earnings reports and of course the Fed lowering rates. So it was a full, full week.

0:42.4

And we're going to get into some of that, some of the stuff. lowering rate, so it was a full week.

0:43.0

Then we're going to get into some of that, some of the stuff that came out this morning anyways.

0:47.0

Things are always changing.

0:48.0

Markin had a great up day, so the week ended up positive. You wouldn't have thought that yesterday when it was

0:54.8

down but no market is on a date you know an old friend of mine told me that on a day-to-day basis, and he may have read it somewhere, I don't know,

1:05.8

on day-to-day basis the market acts like a spoiled child, and on long-term basis the market is very, is an adult.

1:15.0

It can be irrational in a short-term basis and very rational on a long-term basis.

1:22.0

And that's how it works. So day to day. very rational on a long-term basis.

1:22.8

And that's how it works.

1:24.0

So day to day, you've got to just kind of take it,

1:27.2

take it as it is.

1:28.9

Just have to.

1:29.6

I'm Steve Peasley, and I think you for joining me today.

1:32.4

And I certainly hope you'll give me a call because

1:34.0

this is a call in show, Invest Talk. We'll talk about anything about anything financial.

1:40.0

Anything financial will discuss it as long as we move in that direction I'm

...

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