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Industry Focus

Financials: The Fed’s Underwhelming Rate Cut and the Future of Payment Processing

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

🗓️ 23 September 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

The Federal Reserve cut interest rates by 25 basis points, as expected. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP discuss why the market wasn’t thrilled, and what could be coming next. Plus, they also dive into why one of our favorite payment processing companies has underperformed, and why we aren’t seeing big banks acquiring some of the most successful fintech startups. All of this and more on this week’s show.

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Transcript

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0:00.0

Thanks to Zappier for supporting this episode of Industry Focus.

0:03.0

Zappier is the easiest way to automate your work.

0:05.8

It connects all your business software and handles work for you

0:08.7

so you can focus on the things that matter most.

0:11.6

Try Zappier free by going to our special link zapier.com slash fool.

0:18.7

Welcome to Industry Focus, the podcast that dives into a different sector of the stock market each day.

0:23.0

It's Monday, September 23rd.

0:25.0

I'm your host, Jason Moser, and sitting next to me here at the lovely Ritz-Carl,

0:31.0

my main man, certified financial planner Matt

0:33.7

Frankle Matt how was your flight up not too bad and I am winning in all three of my

0:38.2

fantasy football leagues today so it's a good Sunday. Hopefully that continues.

0:43.4

It's still early.

0:45.0

And for listeners, we are pre-taping Monday show today

0:48.0

here at Sunday.

0:49.0

And the reason why we're pre-taping is because we have our big event here.

0:53.2

It is our Motley Full Discovery event.

0:55.0

We have about 400 or so members of our various Discovery Services, as well as some Motley

0:59.6

Full One members.

1:01.8

We're Matt, you know, we'll get into what we're both doing here on

1:05.0

Monday and Tuesday, but first let's go ahead and jump into the, I think the

1:11.9

topic that was on everybody's mind last week on Wednesday the Fed announced

1:16.6

what was a widely expected quarter point rate cut and the committee cited the implications of global developments for the economic outlook as well as muted inflation pressures.

...

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