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InvestTalk

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

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

4.41.5K 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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