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Bankrate's McBride: Signs of weakness have been there, the big worries are new
Publisher |
Chuck Jaffe
Media Type |
audio
Categories Via RSS |
Business
Investing
Publication Date |
Aug 05, 2024
Episode Duration |
00:57:54

Greg McBride, chief financial analyst at BankRate.com, says the details of Friday's jobs report "were the unmistakable signs of a slowing economy," and while a slowdown was expected based on recent trends in the indicators, the latest numbers spooked the market into thinking "maybe this economy isn't as robust we thought, maybe it's slowing a little more than we thought." He notes that the conditions are still far from anything that could be described as awful — the payroll number was still positive — but now the market wants more data to see if the Federal Reserve will have to take more strident steps to avoid a hard landing. David Trainer, president at New Constructs, puts cloud software provider Five9 Inc. in The Danger Zone, noting that the company just made moves to raise cash and get it off the firm's "zombie stock list," but those moves make it more likely that the company is in a business spiral that it can't escape without changing its history of operating losses. Plus, Chuck answers a question from a woman who wants to know what to do now that her favorite department store credit cards are carrying interest rates of nearly 35 percent, and Peter Tuz, chief executive officer at Chase Investment Counsel — co-manager of the Chase Growth Fund — talks growth-at-a-reasonable-price investing in the Market Call.

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