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
4.4 • 1.5K 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?
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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