Latest / Earn Your Leisure / Economic Uncertainty and Market Trends - Navigating Potential Recession Risks

Transcript

Economic Uncertainty and Market Trends - Navigating Potential Recession Risks · Earn Your Leisure

• 0:01
  Speaker 1: This episode is brought to you by P and C Bank.
• 0:04
  Speaker 1: A lot of people think podcasts about work are boring,
• 0:07
  Speaker 1: and sure they definitely can be, but understanding a professionals
• 0:10
  Speaker 1: routine shows us how they achieve their success little by little,
• 0:14
  Speaker 1: day after day. It's like banking with P and C Bank.
• 0:18
  Speaker 1: It might seem boring to safe plan and make calculated
• 0:21
  Speaker 1: decisions with your bank, but keeping your money boring is
• 0:24
  Speaker 1: what helps you live or more happily fulfilled life. P
• 0:28
  Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 0:32
  Speaker 1: Boring since eighteen sixty five is a service mark of
• 0:35
  Speaker 1: the PNC Financial Service Group, Inc. P and C Bank
• 0:39
  Speaker 1: National Association Member FDIC.
• 0:44
  Speaker 2: Erness What's Up?
• 0:45
  Speaker 1: You ever walk into a small business and everything just
• 0:47
  Speaker 1: works like the checkout is fast, the receipts are digital,
• 0:51
  Speaker 1: tipping is a breeze, and you're out the door before
• 0:54
  Speaker 1: the line even builds. Odds are they're using Square? We
• 0:58
  Speaker 1: love supporting business that run on Square because it just
• 1:01
  Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor
• 1:04
  Speaker 1: at a pop up market, or even one of our
• 1:07
  Speaker 1: merch partners. Square makes it easy for them to take payments,
• 1:11
  Speaker 1: manage inventory, and run their business with confidence, all from
• 1:14
  Speaker 1: one simple system. If you're a business owner or even
• 1:18
  Speaker 1: just thinking about launching something soon, Square is hands down
• 1:21
  Speaker 1: one of the best tools out there to help you start,
• 1:24
  Speaker 1: run and grow. It's not just about payments, it's about
• 1:28
  Speaker 1: giving you time back so you can focus on what
• 1:30
  Speaker 1: matters most ready. To see how Square can transform your business,
• 1:34
  Speaker 1: visit Square dot com backslash, go backslash eyl to learn more.
• 1:39
  Speaker 1: That's Square dot com backslash, go backslash eyl. Don't wait,
• 1:44
  Speaker 1: don't hesitate. Let's Square handle the back end so you
• 1:47
  Speaker 1: can keep pushing your vision forward.
• 1:51
  Speaker 3: But there's still a lot of uncertainty any economy. And
• 1:54
  Speaker 3: that's the thing that is like, you know, it's one thing,
• 1:57
  Speaker 3: like the sector and how much you reduce to it,
• 2:00
  Speaker 3: how much, But when the economy crashes, none of it,
• 2:04
  Speaker 3: none of it, None of that matters. If there's a
• 2:07
  Speaker 3: global recession or if there's an economy crash, then every
• 2:12
  Speaker 3: number could be good and your your projections and forecasting
• 2:17
  Speaker 3: it's not gonna matter.
• 2:18
  Speaker 2: But are there any signs of a recession? Here's the
• 2:21
  Speaker 2: funny part.
• 2:22
  Speaker 4: Now here somethings credit because the Democrats got their ass
• 2:27
  Speaker 4: kicks so bad in this selection. The media is going
• 2:29
  Speaker 4: to report if we actually hear the recession this time.
• 2:32
  Speaker 4: Last time they didn't. They changed the skew for what
• 2:36
  Speaker 4: recession was. If he get two negative quarters, it's.
• 2:40
  Speaker 2: Going to be on every channel in America.
• 2:42
  Speaker 1: He calls a recession, but there hasn't been a signs
• 2:44
  Speaker 1: of it, right if we even look at it, if
• 2:46
  Speaker 1: we can in the bondo market, the bond market, I'm
• 2:48
  Speaker 1: just if we're talking about the S and P and
• 2:50
  Speaker 1: for the last quarter, I think our average is about
• 2:53
  Speaker 1: thirteen percent on earnings, which is a positive sign. That
• 2:56
  Speaker 1: wouldn't be a sign of economy that is headed towards
• 2:59
  Speaker 1: the recession. Is there a pullback in this sector for sure?
• 3:02
  Speaker 1: So even if we looked at the next six months, yeah,
• 3:06
  Speaker 1: the economy, it's really what's going to happen over the
• 3:10
  Speaker 1: next couple of weeks when we figure out what's going
• 3:12
  Speaker 1: to be the impact of these tariffs, Who are going
• 3:14
  Speaker 1: to impact and how do we combat that.
• 3:17
  Speaker 2: The lead that he had from the inauguration is gone. Yes,
• 3:21
  Speaker 2: that all those games have been.
• 3:23
  Speaker 4: That alone is scary, and if he doesn't write that ship,
• 3:27
  Speaker 4: we may drop an up to twelve or thirteen percent.
• 3:30
  Speaker 2: As a as a status in peace or a specific company.
• 3:35
  Speaker 3: That's it. But the stock market is not a direct
• 3:38
  Speaker 3: correlation on the recession. It's a laggering indicator. Yeah, we
• 3:42
  Speaker 3: have unprecedented territories that we're walking in right now. He's
• 3:46
  Speaker 3: talking about putting tariffs, global terrorts pretty much an EU China,
• 3:50
  Speaker 3: Mexico call in Canada. So you're putting teriffs on everybody
• 3:54
  Speaker 3: pretty much. Those are all every every global major power.
• 3:58
  Speaker 3: You're putting taroft for that's what one day. There's uncertainty
• 4:03
  Speaker 3: as far as the geopolitical aspect of it, as far
• 4:06
  Speaker 3: as Ukraine say you want to turn Kaza into a resort.
• 4:11
  Speaker 3: That guy Saudi Arabia man who even says that the
• 4:15
  Speaker 3: job numbers lights fishy. Inflation does come down for now.
• 4:23
  Speaker 3: They say that there's a new virus that came out
• 4:26
  Speaker 3: of China.
• 4:28
  Speaker 2: Already been whipped up.
• 4:29
  Speaker 3: A variety of different factors that's in the play here.
• 4:32
  Speaker 3: So and spending, it's like this those things we don't,
• 4:41
  Speaker 3: this could be extremely harmful to America. The cutbacks, yes,
• 4:45
  Speaker 3: because it's like you don't you can't lose. It's like
• 4:51
  Speaker 3: weight loss right if you if you lose too much
• 4:54
  Speaker 3: weight too fast, that can actually be harmful to you,
• 4:57
  Speaker 3: shock your body. You gotta lose, you gotta lose like
• 5:00
  Speaker 3: five pound. You can't just lose eighty seven pounds in
• 5:02
  Speaker 3: one week. It's danger left, that's dangerous causes complications for real.
• 5:08
  Speaker 3: So it's like you're putting a shock into the economy
• 5:12
  Speaker 3: by just trying to cut hundreds of billions of dollars.
• 5:19
  Speaker 3: It's going to be interested in how this thing plays out.
• 5:21
  Speaker 3: But I'll tell you what, if the economy is in
• 5:26
  Speaker 3: is in turmoil, none of the numbers are gonna matter.
• 5:31
  Speaker 4: Not as much, and the ones that are great are
• 5:33
  Speaker 4: going to rise to the top, and it's going to
• 5:35
  Speaker 4: be a super hyper concentration into the ones Microsoft and Video.
• 5:39
  Speaker 2: That I feel like that's what we've seen.
• 5:40
  Speaker 1: Yeah, even during the past three to four years when
• 5:44
  Speaker 1: you looked at the rest of one hundred and you look,
• 5:48
  Speaker 1: those weren't not moving.
• 5:49
  Speaker 3: And technically it's supposed to be a down yet, And
• 5:51
  Speaker 3: like you said, historically, the first year of a presidency
• 5:54
  Speaker 3: is pretty flat, the second year of a presidency is down,
• 5:57
  Speaker 3: and the third year of a presidency is up.
• 6:00
  Speaker 2: So I think he readrites through these books though, Bro.
• 6:03
  Speaker 3: Yeah, until he doesn't, right, I just until he doesn't.
• 6:05
  Speaker 2: Yeah, I just I don't know.
• 6:06
  Speaker 3: History doesn't. History repeats itself usually.
• 6:10
  Speaker 4: Part he had a great chance to come out to
• 6:12
  Speaker 4: a great start and lead.
• 6:13
  Speaker 2: Well, yeah, the decisions were just horrible. But now he
• 6:16
  Speaker 2: has to live. He's trying to He's living on the
• 6:18
  Speaker 2: things that he said.
• 6:19
  Speaker 3: Was going to attach him. He's not a rational person.
• 6:23
  Speaker 3: He's doing a variety of irrational things. Yes, he's doing
• 6:26
  Speaker 3: a variety of irrational things. Right, you can only do
• 6:29
  Speaker 3: irrational things for so long.
• 6:31
  Speaker 1: Yeah. The uncertainty is not great. It's not good. It
• 6:34
  Speaker 1: doesn't help anybody.
• 6:36
  Speaker 2: Like.
• 6:38
  Speaker 3: The things that he's doing are dangerous.
• 6:42
  Speaker 2: Yeah.
• 6:45
  Speaker 5: An illegal alien from Guatemala charged with raping a child
• 6:49
  Speaker 5: in Massachusetts. An MS thirteen gang member from El Salvador
• 6:53
  Speaker 5: accused of murdering a Texas man of Venezuelan charged with
• 6:57
  Speaker 5: filming and selling child pornography, and miss These are just
• 7:01
  Speaker 5: some of the heinous migrant criminals caught because of President
• 7:05
  Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States
• 7:08
  Speaker 5: Secretary of Homeland Security under President Trump, attempted illegal border
• 7:13
  Speaker 5: crossings are at the lowest levels ever recorded, and over
• 7:17
  Speaker 5: one hundred thousand illegal aliens have been arrested. If you
• 7:20
  Speaker 5: are here illegally, your next you will be fine nearly
• 7:24
  Speaker 5: one thousand dollars a day, imprisoned, and deported. You will
• 7:28
  Speaker 5: never return. But if you register using our CBP home
• 7:32
  Speaker 5: app and leave now, you could be allowed to return legally.
• 7:36
  Speaker 5: Do what's right, leave now. Under President Trump, America's laws,
• 7:40
  Speaker 5: border and families will be protected.
• 7:43
  Speaker 2: Sponsored by the United States Department of Homeland Security,