Yahoo Finance: David Kotok on Recession, Consumer Spending Power, & Oil/Gas Prices
Yahoo Finance’s Adam Shapiro and Julie Hyman are joined by Jetco CEO Brian Fielkow and Cumberland Advisors Chairman & CIO David Kotok to discuss oil and the future of the trucking industry.
David Kotok of Cumberland Advisors: “Every penny down or up in the price of gasoline is a billion and a half direct disposable income in American consumers’ pockets. We have just had a huge infusion of spending power with a drop in the oil price.”
Watch the embedded video from Yahoo Finance below or at this link: https://news.yahoo.com/trucking-ceo-lot-bring-drivers-174355387.html
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