Does GM's IPO mean jobs in the future?
A General Motors worker assembles a car at the GM Lansing Grand River Assembly Plant October 28, 2010 in Lansing, Michigan.
TEXT OF INTERVIEW
JEREMY HOBSON: Now let's put this GM news in perspective with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. She's with us live. Good morning.
LIZ ANN SONDERS: Good morning. How are you?
HOBSON: I'm very good thank you. So put this sale of stock in the context of our rocky economic recovery.
SONDERS: I think it does represent some semblance of optimism on the part of both the company as well as the government, that this is the right time to do this. I think we have over the past couple of weeks, seen pretty decent traction in terms of broad economic numbers, even the jobs numbers. So I think this is just another example of an economy that is unlikely to go into a second recession. So I think that's good news.
HOBSON: Liz Ann, when we hear about IPOs like this one, should listeners think that means jobs?
SONDERS: Not necessarily. I don't know that there's a direct connection but again, if it relates to spirits coming back and optimism on the part of the company about the prospects for their business, ostensibly that should translate into some optimism about job growth. I think that optimism broadly is starting to build anyway, and you know, add this to the list.
HOBSON: Liz Ann Sonders, chief investment strategist at Charles Schwab, thanks for your insight this morning.
SONDERS: Thank you.