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Suddenly learn more about what's going on this marking Eugene properties that is an -- folio manager or private investment -- -- -- when you're with us follow him on Twitter it's.
For the number four -- profit.
Get it for profit -- -- hey I'm doing great -- -- I'm great actually OK so tell me what's your on the way this market's reacting these days.
-- group yeah I think you have mixed economic data we got it precursors China news about a couple weeks ago.
-- -- their GDP growth forecast was lord and the markets -- took a little bit outside on the positive side though if you look at that.
On cut -- or earnings on Euro was little bit light but North America with stronger so I think that's what you're seeing going on.
Our economy is improving a little bit China slowing down a little bit and the market's gonna muddle through here -- -- were up.
You know upper single to low double digit.
You know you're today I think we probably in somewhere in this area.
You know -- esteem because I think recently McDonnell same store sales show the same thing that North American sales were up.
Overseas sales were down -- maybe it's time to turning a little bit right that may be here at home is actually getting a little bit more stable vs that you.
Everything else is on emerging markets in particular aren't huge run for -- -- maybe that's opponents -- pulling back.
Yeah that's a waste well we think here at -- you know -- North America was down for quite a bit in China and emerging markets were kind of holiness up and then Europe started and now trying to start to slow a little bit so maybe that on the US market will be.
You know -- enough to keep us positive you know for the year but a lot of investors.
Have China heavily discounted.
In their discount models consoles and it's that the bad market slows up.
Exponentially I think that there's going to be an adjustment.
And your target prices on securities and it should have -- personal stock market.
He has began Madonna the oil markets kind of been on its hair as well and it and lot of people blaming the fact that we US is too weak dollar because of monetary policy here at home.
What's your -- -- you know oil market now are you still in it in if you're not in it should again any -- in missing.
Yeah we don't lot of commodity directly -- -- we we have a slight overweight -- and you know stock names on the net sector.
I think don't forget you have all of the -- threat you know out there and on the big thing happens there.
Upward pressure on the on the price of oil I think overall.
On for much of the past two years -- it's been more speculation an actual.
You know demand for the commodity itself.
Although I think what you're seeing happening in North America the demand for the commodity is probably started to creep up to summits that.
Unsold you might have a little bit of a premium due to speculation but I think that the whole crisis problem will continue to creep higher here.
What about overseas oil exploration and things like that and you know countries like Brazil and Australia.
We still seeing growth there aren't -- Yeah you are you is seeing growth in -- you -- growth anti NN and -- I'm in Mexico as well -- that we like of all states actually supports.
On those business through accommodations where amidst a temporary housing and and provide some of the piping that goes -- -- pipelines.
And we're saying exponential revenue growth on the in this company so that's one of the ways we -- look.
At what's happening you know around the globe mature companies that we invest then -- what they're saying that there in customer.
Oil states it would you know the ticker off then -- it's -- IS oil OISISOK.
So oil states basically service provider diversified but out there rate exposure to Brazil to south -- Asia Australia as we mentioned.
Kind of a good way to play -- all.
Absolutely -- you know aside go to that you think about.
On the fact that you look at North Dakota even here -- -- issues as their jobs there and there's no housing mirrored their try to shift in.
You know workers due to work Michelle -- -- and effectively a couple electoral states actually provides that temporary housing and so we see it.
Being pretty diverse way to play coming expansion and or mark.
Copper company sales people -- need -- to build something and that's good that arguably be a play on the housing recovery too.
Are they -- to summits that but one of the things that actually showed up then and China.
Was that the demand for steel was coming down in -- and you know in their housing market right so.
While you said earlier on about so -- -- broadcast we are seeing permits up here.
Mom while we're saying starts down again going back that muddle through -- not think -- we see the economy improving and people get in a position.
To benefit from the air but we're not all the -- there -- the job rates are coming jobless rates are coming down.
On -- but very slowly and so it's not going to be a straight line up but net net I do think the North American economy is gonna improve.
We're sick -- certainly seen you know little little bits and pieces of hope American Express is also another one year picks now.
They pass the bank the stress test.
But so is this a play and I -- dynamics as a bank or as the consumers gonna start -- and again.
Well a little bit of both I think the value and American Express -- Isn't there kind of a high quality credit you know provider and students that the economy's improving.
On their more -- American Express is going to make more money.
But based on -- -- about which -- standpoint is trading at about eighteen.
Percent of its historical norm as a result of the weaker economy and so if you're looking at.
Into the financial sector com here's a way to play improve that a sector without the risk.
A home feel bad mortgages on balance sheets and -- what's going on you know there and so whenever we find a company that's a very high quality name.
You know strong credit here.
It -- selling at a discount to its historical.
Relative valuation we're quite attractive and those types of securities.
-- exchanges -- -- a little bit on -- as eight NFL that.
I I'd be remiss -- I didn't ask you about this pay and -- move could have Broncos.
-- -- Well I would say important table I think actually is there's a good move for that if overall one.
John they'll wait and have to worry about -- many come in breaking all his -- endeavor president have enough time and let sue.
I think what you would see if on the Jacksonville Jaguars on and there's -- there.
I'm going up the timetable because.
-- still needs to sell more season tickets and on tables from Jacksonville.
They love and there so I think you're gonna see table and move -- B might end up on the Jacksonville.
Someone tell -- is silly joke this morning and said -- in Tivo prayed to god that they would win a super -- and god sends him pain -- And yet -- other thing that you and I never talk about.
Easier -- profit charitable foundation fun and I just wanted to give you thirty seconds it -- about it because you haven't south central LA.
You mom raised yeah on the single grant I get this sacrifices that we make for our kids in your -- given back here and doing at all you -- you understand what happened in the.
It got it thanks race yet they com.
You know I wouldn't be here -- F -- folks had to give me an opportunity to do things that I didn't have mirror with growing up so -- we create the profit charitable foundation.
Trust that we give a percentage of you know our profits into the trust that we pass that on to.
Children's programs on -- battered women different.
On charities that we select but we primary emphasis on giving -- an opportunity to see things that they might not be able to normally see.
Like maybe go to pro football game that they've never seen that and you know I'll with -- inspired that way it as a kid even going to that I really got -- note that -- -- was growing up.
So I think that that's our way of trying to improve.
The entire -- you know America and our own little way.
I love it and that I love the notion and I and that's why I want -- people who know their percent and -- of the profits from your firm go into the foundation.
Thanks for a lot of cents a -- -- that Dawson Eugene profit found kid that profit investment management firm in 1996.
We love having me on -- come back.
Anytime thanks very -- to thing.
And again -- -- at number four -- profit on Twitter.
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