Financials: Warren Buffett's Moves and Big News for Fintechs

Industry Focus

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4.6 • 854 Ratings

🗓️ 13 April 2020

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

We recently learned that Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) sold shares of three of its major stock holdings -- is Warren Buffett losing faith in these investments, or is there more to the story? And we recently found out that some of our favorite fintech companies like PayPal (NASDAQ: PYPL) will be participating in the $350 billion Paycheck Protection Program. Finally, host Jason Moser and Fool.com contributor Matt Frankel, CFP answer some listener questions and discuss why they're watching JPMorgan Chase (NYSE: JPM) and Live Oak Bancshares (NYSE: LOB) this week.

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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.
0:11.5	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods.
0:20.0	Wild Cars! Wednesday. And we're talking energy. and today we're talking tech.
0:24.0	Let's dive in.
0:25.0	It's Monday, April 13th.
0:29.0	I'm your host Jason Moser and on today's financial show
0:32.0	we're going to take a look at FinTech's growing
0:33.4	role in the coronavirus response. We're going to dig into why Warren Buffett is
0:38.6	selling stocks. We've got some listener questions to get to as well as some stocks that we're watching here for the coming week
0:44.4	Joining me as always certified financial planner mr. Matt Frankle Matt did you have a good weekend
0:50.1	Pretty good. I'm about a month past needing a haircut. So other than that I'm doing all right. I'm getting close to letting my wife buzz my hair.
0:57.5	You know, I think we're all probably getting to that point. I figure I was thinking at one point. I was thinking at one point it actually crossed my mind to take my beard
1:06.4	tremor to my head but then I thought maybe that wouldn't be the best idea I
1:09.4	think you know that might result in a broken beard trimmer so I'm just gonna kind of just
1:14.3	kind of let it go until we get back to work you know may whenever that may be.
1:16.8	Yeah I'd appreciate any home haircutting tips our listeners might want to tweet at us.
1:21.0	Yeah yeah absolutely we'll make sure to get that email address on Twitter. might want to tweet at us. Yeah, yeah, absolutely.
1:23.0	We'll make sure to get that email address on Twitter feed out there by the end of the show for you.
1:27.0	Well, let's jump into really the lead story today.
1:32.0	You know, this is some news that broke over the weekend. Let's jump into really the lead story today.
1:32.5	You know, this is some news that broke over the weekend and it's not really a surprise
1:36.4	we were hoping this would materialize, but the news came out over the weekend at
	...

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