Big Buys, New Highs, and Hot Holiday Toys
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 4 December 2020
⏱️ 39 minutes
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| 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 |
| 0:20.3 | radio show. I'm Chris Hill joining me this week, Senior Analyst Andy Cross and Ron Gross. |
| 0:24.9 | Good to see you, gentlemen. Hey Chris. You doing Chris? |
| 0:27.6 | We got the latest headlines from Wall Street. We've got the hot toys for the holiday season |
| 0:31.9 | and we've got a couple of stocks on our radar. But we begin with the big macro. The US economy |
| 0:37.5 | added just 245,000 jobs in November. The unemployment rate falls to 6.7 percent. But Ron Gross, this |
| 0:45.3 | is the fifth month in a row of slowing job growth. |
| 0:49.8 | Yeah, concern that the recovery is stalling as we enter what will be a really tough winter |
| 0:54.5 | despite the anticipation of a vaccine. I think most definitively we're seeing a K-shaped |
| 1:00.1 | economic recovery here. If you picture a graph, the top leg of the K goes up and to the |
| 1:04.5 | right. That's what you're seeing if you're a highwayjourner or if you have investments |
| 1:09.5 | in the stock market. S&P 500 up 14 percent for example. But if you're a gig worker without |
| 1:15.8 | investments in the stock market, then you're feeling more like the lower leg of that K. |
| 1:21.2 | And it's a very, very difficult time for these folks. Interesting statistic, the employment |
| 1:25.8 | rate for people making more than $60,000 a year is up compared to January 2020 while low-wage |
| 1:32.9 | jobs are down nearly 20 percent. So we have a really big bifurcation of our economy right |
| 1:39.4 | here. Some folks doing really well, other folks really hurting. We gosh, we see the food |
| 1:44.5 | lines. It's a scary time for many. My hope is that we get another stimulus package that |
| 1:50.6 | can bridge the gap to the vaccine. And then once we have the vaccine, we can get more |
| 1:55.7 | to a V-shaped or even a U-shaped, which is a slower V, if you will. We get to that type |
| 2:01.5 | of recovery for more Americans. Andy, what do you think? |
... |
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