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MarketFoolery

Wall Street Gets Some Slack

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 20 June 2019

⏱️ 25 minutes

🧾️ Download transcript

Summary

Slack makes its debut as a public company. Will the cloud-based collaboration platform make it rain for investors? Analysts Andy Cross and Ron Gross tackle that question and discuss interest rates, Olive Garden, and the future of Google.

Thanks to NetSuite. Download their FREE guide, “Seven Key Strategies to Grow your Profits,” today at www.NetSuite.com/Fool.

Transcript

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0:00.0

This episode of Market Foolery is supported by NetSuite, the business

0:03.4

management software that handles every aspect of your business in an easy to use

0:07.7

cloud platform. Download their free guide seven key strategies to grow your

0:12.1

profits today at Net suite.com slash fool

0:17.8

It's Thursday, June 20th. Welcome to market fory. I'm Matt Greer and joining me in studio we have Motley Full Analysts

0:24.1

Andy Cross and Ron Gross. Gentlemen, welcome.

0:27.0

How are you doing Mac?

0:28.0

I'm doing good.

0:29.0

Doing good.

0:30.0

Slack making its Wall Street debut. We'll talk about that. Very exciting.

0:33.4

We're also going to talk some Olive Garden and Google.

0:35.8

But let's begin with the Fed.

0:38.3

On Wednesday, the Federal Reserve signaling

0:40.3

that interest rate cuts could be coming as early as June I say could.

0:45.8

On Thursday the market opening up big now Ron we are company focused investors here.

0:52.0

We're focused on stocks, how should we think of the

0:55.4

Fed and interest rate cuts? You know it's interesting, traders are actually now pricing

0:59.2

in a 100% chance of a rate cut next month.

1:02.8

That's really interesting.

1:03.8

That's about as high as you can get without turning it up to 11.

1:08.1

But seriously, folks, I don't love the fact that the Fed is seeing weakness in the economy right that that's

1:15.9

not a good thing the our word recession is a scary thing even slowing growth is a

...

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