Brexit: What Investors Need To Know
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 24 June 2016
⏱️ 40 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This episode of Motley Full Money is brought to you by Casper, an online retailer of premium mattresses for a fraction of the price, because everyone deserves a great night's sleep. |
| 0:08.7 | Get $50 off any mattress purchased by visiting Casper.com slash Fool and enter the promo code Fool. |
| 0:20.2 | Everybody needs money. That's why they call it money. |
| 0:30.9 | From Fool Global headquarters, this is Motley Full Money. |
| 0:34.8 | It's the Motley Full Money Radio show. I'm Chris Ellin, joining me in studio this week for million-dollar portfolio, Jason Moser, and from MDP and Supernova, Matt Argusinger, and Simon Ericsson. Good to see you as always, gentlemen. |
| 0:45.2 | Hey, hey, hey. |
| 0:46.3 | We have got the latest earnings from Wall Street. We will dig into the business of machine vision, and as always, we'll give you an inside look at the stocks on our radar. |
| 0:53.5 | But we begin with the very surprising vote across the pond. The voters of Britain have spoken by a margin of 52 to 48. |
| 1:02.4 | They have voted to leave the European Union. Prime Minister David Cameron has resigned, and the ripple effects, Matti, were felt in markets around the world, including right here in the US, where the S&P 500 Dow and Nasdaq all down more than 3% at various points on Friday. |
| 1:18.2 | This was a shocker. |
| 1:19.3 | Shocking. I am shocked. |
| 1:21.3 | But really above all this, if you look at the reaction around the world before we get into what actually happened, this is really about uncertainty. |
| 1:30.0 | We don't know what the economic situation is going to look like for the UK, and now the EU. |
| 1:34.4 | We don't know what this means for trade, what this means for the free movement of labor and capital. |
| 1:38.6 | We don't know what this means for new tariffs or regulatory costs, and probably most worrisome. We don't know what's next. |
| 1:44.9 | We don't know what other countries in the EU are going to hold referendums with results. |
| 1:48.4 | There are a few countries that are planning to do that this year. |
| 1:51.0 | As the UK, the first domino in a string of countries that might leave the EU, it's quite shocking. |
| 1:57.8 | We don't know the answer to those questions, and especially not knowing those answers to those questions, are multinational corporations, who are going to be very hesitant to invest capital, hire workers, invest really anything to grow their business, when there's this amount of uncertainty out there. |
| 2:13.4 | This could persist for many years. |
| 2:15.3 | As investors, I'd say it's hard to get excited about any company that has a large position in Europe or is looking to grow in Europe. |
| 2:23.3 | Because, at least for the time being, there is too much uncertainty on the corporate level and on the investor level. |
... |
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.

