Winning at Life with Gregory Ricks

The Daily Wrap: 07.25.18


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01:01 - Trump and the head of the EU announce an agreement to end the tariff battles between the United States and European Union. Juncker, the EU President, added they would also up their purchases of US soybeans and natural gas. This appears to help us ecnonmically with Europe, and put the squeeze on Russia and China. We hear some audio from Trump and Juncker going into more details about the agreement, and Gregory explains how this is good news for your investments.

14:10 - A report claims oil could soon be $200 per barrel. Gregory breaks down the report that focuses on how ultra-low sulphur regulations could make things quite expensive for the oil industry and industrial companies reliant on fossil fuels. Will natural gas be able to fill some of the market vacated by skyrocketing gasoline?

23:27 - Byron in Houma says natural gas isn't really a good fit for personal vehicles, because it's not so easy to transfer and store. Gregory agrees that as the technology stands now, the danger sounds a little steep for LNG based engines, but if we could efficiently change natural gas into more stable form of fuel, that's a more likely solution.

27:54 - Bob in Bay St Louis is going to use the proceeds from a home sale to buy a new house. Should he put all his money down on the house to keep the payments low, or should he put the minimum down and keep a cash reserve? Gregory asks a few questions and thinks Bob may want to look into the details on how a reverse purchase could fit his situation.

35:57 - The Numbers segment is positive for our major indices, but most of those gains were in the last hour of trading when the EU deal was announced. Facebook is taking a double-digit beating in share price after their Q2 earnings came in with a rare miss.

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks