meta_pixel
Tapesearch Logo
Log in
Motley Fool Hidden Gems Investing

$350 Billion and 10 Million

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 3 April 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

The Federal Government launches a $350 billion small business lending program. Over 10 million Americans file for unemployment. Oil stocks rise. Constellation Brands serves up big earnings. And Luckin Coffee plummets on fraud allegations. Motley Fool analysts Ron Gross and Jason Moser discuss those stories and talk about what to look for when reading a balance sheet. And the guys share a couple of stocks on their radar: Costco and Domino’s. Plus, food and beverage industry analyst David Henkes talks about the government stimulus and the future of the restaurant business. The Motley Fool is donating $1 million to Health Research Incorporated, which is managing New York State’s COVID-19 response fund. To contribute, go to donate.fool.com.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Full Money. It's the Motley Full Money

0:20.2

radio show. I'm Chris Hill joining me this week in studio, Senior Analyst Jason Meuser,

0:24.7

and connecting via Zoom video from his home, Senior Analyst Ron Gross. Thanks for being

0:29.0

here, guys. Hey, how you doing? We'll be talking with restaurant expert David Hankus.

0:34.3

We've got some stocks on our radar, but we're going to begin with the big macro. The $350

0:39.5

billion small business loan program launched on Friday, although the final regulations

0:44.8

were not released until just hours before the program began. We also got the jobs report

0:50.2

from March that came out Friday morning, the unemployment rate going from 3.5% to 4.4%

0:57.1

but Jason Meuser, we know it's going to be a lot worse than that because in the last

1:02.2

two weeks, 10 million Americans have filed for unemployment.

1:05.6

Yeah, and I think this BLS report ended. I think the survey ended in the middle of March.

1:10.6

So it's not really reflective of what we know today. But as we say on the show, oftentimes,

1:16.0

it's more about the revisions that we witness a month from now. That's certainly no exception

1:20.6

here. It is way worse than perhaps what it sounds like today. We know that.

1:27.0

And when you look at some of the projections out there from some of these different firms,

1:32.6

it shows you the disparity. I mean, you look at Oxford Economics, they're projecting that

1:36.2

by May, the US will have lost basically 28 million jobs and we'll be looking at a 16%

1:42.5

unemployment rate, which ultimately, that would erase all the jobs gained since 2010.

1:49.1

That compares to another point of data that we're seeing from the St. Louis Fed where

1:54.4

they're projecting that this could result in 47 million jobs lost in sending the unemployment

2:00.9

rate past 32%. And then you compare that to New Goldman Sachs projections, which came

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.