Broker Check

Weekly Market and Coronavirus Update with Phil Blancato

Wednesday, August 5, 2020

Phil Blancato, President and CEO of Ladenburg Thalmann Asset Management, is a well-known name in the financial services industry. He focuses this week’s market update on how the global drug and medical community is winning the war on COVID and how school closures are financially impacting related jobs and employment other than teachers as they struggle to re-open. For instance, he notes that ~7 million workers are not working due to their children not being in school, requiring them to stay home and watch their children. A good portion of them are in low-skill categories and risk not getting their jobs back.

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