1st Bear Spotted
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 19 December 2018
⏱️ 18 minutes
🧾️ Download transcript
Summary
FedEx has its worst day in 10 years. Bill Mann analyzes why the comments of CEO Fred Smith are worthy of every investor’s attention. The Russell 2000 index officially enters bear market territory. And start-up fintech company Robinhood gets a call from their friendly neighborhood regulator. Plus, Bill shares a key piece of non-investing advice he received on this day 19 years ago.
Holiday Music: “Aires De Navidad” by n’klabe
Transcript
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| 0:00.0 | It's Wednesday, December 19th. |
| 0:03.5 | Welcome to Market Foolery. |
| 0:04.5 | I'm Chris Hell joining me in studio today. |
| 0:06.5 | It's Bill Mann. |
| 0:07.5 | Hey Chris. |
| 0:08.5 | Good to see you, man. |
| 0:09.5 | Glad to be here. |
| 0:10.5 | How are you? |
| 0:11.5 | I'm doing better than some of the businesses we're going to be talking |
| 0:15.9 | about today. All of the businesses we're going to be talking about? I don't know about all, I mean, you know, let's |
| 0:21.3 | start with FedEx, which is having its worst day in 10 years |
| 0:24.5 | you're doing better than them I'm doing better than I'm not a FedEx |
| 0:27.6 | you've had many worse days than today over the last 10 years yeah |
| 0:31.5 | second quarter profits for FedEx came in higher than expected. |
| 0:35.0 | And I think it's fair to say that nobody cares about that. |
| 0:38.0 | No. |
| 0:39.0 | Because Fred Smith, the CEO, came out on the call, cut guidance for 2019, and did not mince words. |
| 0:46.4 | Brought the Molotov cocktails with him. |
| 0:48.4 | Yeah, so FedEx, how is this not a golden age of FedEx? |
| 0:55.0 | Well, for a good stretch of time, |
| 0:58.0 | look, this is a bad day to be a shareholder of FedEx, |
| 1:01.0 | but in general, if you've been a shareholder of FedEx for the last 10 years, you're |
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