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Industry Focus

Financials: Job Growth and Bank Earnings: What Investors Need to Know

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 8 July 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

The June jobs report shows that our economy is creating far more jobs than expected, and this could make the Federal Reserve hesitant to cut rates as expected. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel CFP discuss the jobs report, the upcoming wave of bank earnings, and how these stories tie together. Plus, the pair discusses the downsides to the War on Cash and shares what stocks they’re watching now.

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.

0:06.4

It's Monday, July 8th, I'm your host, Jason Moser, and on today's financial show, we're going to dig into the recent jobs report. Earning seasons getting ready to start, so we're going to dig into the recent jobs report.

0:13.0

Earning season's getting ready to start,

0:14.5

so we're going to talk about what that means for banks.

0:16.5

We've also got another interesting listener question to deliberate.

0:20.5

This week, and as always, we've got ones to watch for you as mostly usual I guess you know we've had a little bit of stretch here Matt

0:29.0

We've been missing each other right, but but joining me in the studio today is certified

0:33.6

financial planner Matt Frankel Matt has everything going pretty good yeah I haven't talked to you

0:38.0

in forever I feel like it does feel like I had Dylan in the studio then we had a week off then

0:42.2

you did one with Dan instead I think there's

0:44.4

been this void in my life I was kind of wondering what it was and now I mean you know I'm

0:49.2

feeling a little happier and obviously it was just I was missing you man but thank

0:54.3

to be fair dance probably just as fun as me when it comes to

0:57.0

hosting a podcast well I think you know we've got a very good team it's nice that

1:01.9

there's no real single point of

1:03.0

failure and that ultimately is the goal here.

1:05.3

Okay so Matt let's kick it because we've got a lot to talk about this week and

1:10.3

in last week we got the the jobs report in and you know the headline there I

1:16.3

think was ultimately a good one non-farm payrolls rose 224,000 in the month of June, beating the market's expectations of 165,000.

1:27.0

Now, I mean, we know that really the story when it comes to the Jobs Report,

1:31.0

it really is all about the adjusted numbers.

1:34.0

You know, a few months from now, they'll look back, they'll make some adjustments, and that'll

...

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