InvestTalk 7-15-2024 - Fed Rule Change: Big Banks to Save Billions?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 16 July 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
The Federal Reserve is considering a rule change that could save the biggest US banks billions in capital requirements by adjusting the Global Systemically Important Bank (GSIB) surcharge.
ALSO in this podcast: MDT - Medtronic PLC (NYS), LW - Lamb Weston Holdings Inc. (NYS), MEDP - Medpace Holdings Inc. (NAS), URI - United Rentals Inc. (NYS), RSG - Republic Services Inc. (NYS);
PLUS-- Recognized Dividends, Transferring cash to a Roth IRA; and Justin's talking points: Trend of investing in 'precious metals' used in EV production and as part the AI play market--examples include lithium and platinum; also, Why evictions are up especially in the U.S. sunbelt cities; and the Chinese economy has been in trouble for a long time.
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Transcript
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| 0:00.0 | At a time when investors are confronted with market volatility and a variety of challenges |
| 0:09.9 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic |
| 0:16.0 | pressures. Justin Klein stands ready to take your finance and investment questions |
| 0:21.2 | and share his unbiased answers. |
| 0:24.0 | Invest Talk is made possible by KPP Financial, |
| 0:29.0 | a registered investment advisor firm, |
| 0:31.0 | serving clients throughout the United States. |
| 0:34.0 | The clarity for your path forward starts now. |
| 0:39.0 | Here is KPP Financial Chief Executive Officer, Financial Financial, Chief Executive Officer, |
| 0:43.1 | Financial Advisor, Justin Klein. |
| 0:47.6 | Good afternoon fellow investors |
| 0:49.9 | and welcome back to Invest Talk. |
| 0:51.9 | This is our Monday, July 15, 2024 edition. I am Justin Klein and my job |
| 0:58.6 | here on today's show is to help you become a better investor by answering your finance and investment questions, |
| 1:04.8 | giving you data and perspective. |
| 1:07.0 | We've developed with over 20, nearly 25 years of investment experience, and I can really help you take that next step. |
| 1:15.0 | That's what the show's about, taking that next step in your financial journey. |
| 1:18.0 | And that's why we encourage you to call your questions are always top of mind they're most important. I have |
| 1:25.2 | topics on the docket but that's not that's always secondary to your topics. |
| 1:31.6 | Pretty wild interesting weekend with the attempted assassination of former President Donald Trump. |
| 1:38.0 | And that reverberated a bit in markets as well. |
| 1:41.0 | So we will unpack that impact. Not the story. You can find that story |
... |
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