Financials: General Electric Under Attack and the Latest Fed Worries
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 19 August 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
Thanks to a scathing report from Madoff whistleblower Harry Markopolis, General Electric (NYSE: GE) shares plunged 11% in a single day. Is this just market noise or something more? Plus, Federal Reserve Chair Jay Powell is set to deliver much-anticipated remarks on Thursday, and investors hope he gets aboard the rate-cutting train. And as always, host Jason Moser and Fool.com contributor Matt Frankel, CFP share the stocks on the top of their watch lists this week. All of this and more on this week’s Industry Focus: Financials show.
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Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market each day. |
| 0:07.0 | It's Monday, August 19th, I'm your host, Jason Moser, and on today's financial show, we're going to talk a little bit more about the recent trouble, I guess, is the |
| 0:15.7 | best way to put it, man, that GE is facing right now from a short report. |
| 0:21.5 | We're going to talk a little bit about the Jackson Hole Economic Policy |
| 0:24.4 | Symposium that's coming up on Thursday. That's a mouthful. Mastercard is |
| 0:29.6 | placing some bigger bets on crypto apparently we've got an interesting |
| 0:34.2 | listener email question that kind of piggybacks off that MasterCard news as |
| 0:38.7 | well and as always we've got a couple of stocks for you to watch for the coming week. |
| 0:45.2 | Joining me in the studio today as most always, sometimes he's out. |
| 0:50.0 | The last week was one of those times, celebrating a little bit of a sienaard a summer, |
| 0:56.0 | a certified financial planner Matt Frankel, Matt has everything. |
| 0:59.9 | Pretty good, just getting back for my longest vacation in six years. That's amazing to me I mean |
| 1:06.1 | like what why why what have you been doing man I mean come on. |
| 1:11.2 | Oh work it oh I mean we had two babies I don't count that you know leave I took for those |
| 1:15.4 | as a vacation I think would agree with that that is more work than your actual |
| 1:20.0 | job there's no question so yeah this is the first time with like no actual work at all and since I think we figured it out since our honeymoon |
| 1:28.3 | it was the longest vacation we've taken. Well that's good where did you go? We went to a place called Fripp Island |
| 1:34.2 | South Carolina. Oh yeah I'm very familiar with it yep. Yeah it's a kind of |
| 1:38.1 | remote just kind of to put it in put a picture in your head all the Vietnam scenes in the Forrest Gump movie were shot there. |
| 1:45.1 | Oh wow yeah I guess I forgot about that part. |
| 1:48.2 | Yes so very remote it's kind of real quiet great for families and, and yeah, a lot of good times. |
| 1:54.4 | Good deal, good deal. |
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