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MarketFoolery

Big Auto’s Next Wave

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 4 January 2016

⏱️ 18 minutes

🧾️ Download transcript

Summary

GM invests $500 million in Lyft, while Ford Motor looks to team up with Google on self-driving vehicles. American Express kicks off 2016 by losing another long-time partner. Plus, we preview tomorrow’s headlines as Wall Street sees red.

Transcript

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0:00.0

It's Monday, January 4th.

0:03.4

Welcome to Market.

0:04.6

I'm Chris Hill joining me in studio today

0:06.2

for a million dollar portfolio, Jason Moser.

0:08.4

Happy New Year.

0:09.3

Happy New Year.

0:10.5

2016.

0:11.5

First market foolery of the year yes I love being part of something special yes and

0:17.1

it was as if the stock market knew this would be our first market forry of 2016.

0:23.0

Man, that's a tough day.

0:25.0

That's a tough open.

0:26.0

There's a lot of red out there.

0:28.0

So we do have some news from the automotive industry,

0:32.0

from the financial services industry but let's start

0:35.5

with what is going to be the big headline on the evening news for people who

0:41.4

watch the evening news or if you're a dinosaur like me

0:44.5

and you actually get a newspaper delivered to your home what's going to be the

0:47.4

headline tomorrow morning and it's oh my gosh there's so much red in the

0:51.8

stock market stock down you know I'm looking at a headline

0:55.4

stocks fall 2% dowel plunges 400 points after China market route

1:01.2

it's like that scene in an airplane where they're on the plane and they're like talking

1:05.6

about an emergency landing and yada yada yada and the entire cabins.

...

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