11-05-2020: The State Of Jobs: Data Shows That Private Payroll Growth Slowed In October
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 6 November 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
According to ADP, companies added 365,000 positions and services accounted for almost all the job creation.
Today's Stocks & Topics: Dividends, TRP - TC Energy Corp., Options, Stock Volume, Interview with Jason Lepore - VP & GM of Hunker.com,
V - Visa Inc. Cl A, WFC - Wells Fargo & Co.
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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 fellow investors and welcome to Invest Talk. This is our Thursday, November 5th, 2020 edition of Invest Talk, and this is the first show that I am hosting post-election day. |
| 0:39.4 | And still there's not a decisive victor yet as of this recording. |
| 0:46.4 | There's four states still up for grabs. |
| 0:48.3 | And as you know, I like to look at the betting odds. |
| 0:51.6 | Because that tends to be a good barometer as opposed to opinion. It's |
| 0:55.2 | where money is flowing and three of those four states currently Biden has the |
| 1:00.6 | betting odds lead meaning Trump kind of has to hit a four team parley in the |
| 1:07.9 | betting world where three of those bets are on teams that are underdogs, right? So it looks like for the Democrats |
| 1:17.2 | that Biden will get the White House, however, with the fact that not only did the Republicans gain some seats in the |
| 1:27.9 | House which isn't that significant well more significant is they retain the majority in the Senate most likely. |
| 1:34.5 | There's still an outside chance that you go into two runoffs in Georgia, |
| 1:41.3 | potentially, and going into that with a 50-48 lead in favor of the Republicans, |
| 1:48.0 | meaning that they would only do win one of those Georgia seats to maintain a lead in the House, but potentially still could get to that 50-50, which with |
| 1:57.7 | a Biden White House, the Vice President has the swing vote, and then it would be a unified government. |
| 2:06.1 | However, that is very unlikely, it's very unlikely to be a split government, which means to me, and I talked |
| 2:16.3 | about this a little bit, I believe it was Monday or Tuesday, that this is not only the |
| 2:21.0 | most unlikely outcome that most analysts were expecting, right? |
| 2:26.5 | Most analysts were expecting a blue wave and if it wasn't a Biden win that means that there's |
| 2:30.9 | a huge turnout for the Republicans and that they would not only hold the White House but also |
... |
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