05-01-2020: U.S. GDP Downsized By 4.8% In First Quarter

InvestTalk

English - May 01, 2020 23:59 - 46 minutes - 42.7 MB - ★★★★ - 719 ratings
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Previous Episode: 04-30-20: Will U.S. Stocks Go Even Lower?

Next Episode: 05-04-2020: First Quarter Health-Care Spending Plunged, Helping To Sink Economy

Amid the steepest contraction since the financial crisis, consumer spending, nonresidential fixed investment, exports and inventories were the biggest drags on U.S. economy.

Today's Stocks & Topics: Amazon Numbers, Mortgage Rates, DISH - DISH Network Corp. Cl A, GE - General Electric Co., SBUX - Starbucks Corp., Mortgage Furlough, OUT - Outfront Media Inc., CCO - Clear Channel Outdoor Holdings Inc., Life Insurance, RDS.A - Royal Dutch Shell PLC ADR Cl A, RDS.B - Royal Dutch Shell PLC ADR B, BX - Blackstone Group Inc., OXY - Occidental Petroleum Corp., PG - Procter & Gamble Co., AMTD - TD Ameritrade Holding Corp.

TRIVIA QUESTION: "During past outbreaks of infectious diseases, including HIV/AIDS, SARS, and the Swine Flu, how has Wall Street reacted?"

Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.

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