Hard to See 10% Earnings Growth in 2020, Nuveen's Doll Says

The transcript discusses potential economic risks, such as negative trade headlines and Brexit, and their impact on earnings growth. It highlights concerns about achieving a 10% earnings growth for the S&P 500, given rising labor costs and a 2% GDP growth rate. The discussion also covers the need for better global economic indicators, particularly from Germany and China, to support multinational companies and stabilize markets.

What are some potential negative factors that could impact the economy?

• Positive trade agreements

• Negative trade headlines and Brexit

• Technological advancements

• Increased consumer spending

What is a major concern regarding the S&P 500's earnings growth?

• Stable GDP growth

• Achieving a 10% earnings growth

• Decreasing labor costs

• Improving profit margins

Why is it challenging to achieve 10% earnings growth?

• Because of high consumer confidence

• Due to rising labor costs and weak GDP

• Because of a strong economy

• Due to decreasing labor costs

What is needed from the global market to support multinational companies?

• Decreased international trade

• Increased tariffs

• Stabilization and better manufacturing numbers

• Further deterioration

Which countries are mentioned as needing better manufacturing numbers?

• United States and Canada

• Germany and China

• India and Brazil

• Australia and Japan