Rob Black is filling in again and begins today’s show by talking about another fall in oil as OPEC decides to not change their production targets. He also discusses other market stories such as:
Another fall in Chipotle stocks and will they be more interesting when the E. coli break is over. The slowdown in the Chinese economy. LeBron James signing a lifetime deal with Nike for up to 500 million dollars. Anglo America cutting 85,000 jobs with plans to sell 60% of their assets. Airbnb gets rated the 3rd highest startup, but questions the fact that it has more liability issues than hotels. Netflix puts Redbox on road to destruction. Recent success for Disney with Star Wars and other movies. Katy Perry named the highest paid musician last year.
I call in and talk about market fears like emotional investors, low interest rates with high inflation and how large countries like Japan struggle with debt.
Tony Mendes and Rob discuss home owners insurance, being underinsured and multi policy discounts.
Rob asks Patrick O’Hare if we should be concerned that oil continually hits new lows and why the oil collapse is a problem. He also asks Patrick if we should avoid or find value in the higher interest rates for housing and what effect would 2016 Hillary Clinton election have on the market.
Email your money question to chad@newfocusfinancial.com , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)
Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.
