4.4 • 3K Ratings
🗓️ 10 July 2015
⏱️ 39 minutes
🧾️ Download transcript
The NYSE halted trading and United Airlines grounded thousands of flights, both due to computer problems, so is it time to invest in cybersecurity stocks? China’s market is tanking, but should U.S. investors buy the dip? Plus, sportswriter Barry Svrluga analyzes baseball’s $9 billion industry and discusses his new book, “The Grind: Inside Baseball’s Endless Season”.
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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 Fool Money. It's the Motley Fool Money |
0:20.7 | radio show. I'm Chris Hill joining me in studio this week for Million Dollar Portfolio |
0:24.5 | Jason Moser from MDP and Motley Fool Rule Breaker Simon Erickson and for Motley Fool Deep |
0:29.7 | Value Mr. Ron Gross. Good to see you as always gentlemen. Chris, we have got the start |
0:34.2 | of the earning season and the end of Microsoft's phone nightmare. We will dig into the business |
0:39.0 | of baseball with berries for Luga from the Washington Post and as always we'll give you an |
0:42.6 | inside look at the stocks on our radar. But we begin this week with technical glitches. |
0:49.1 | The week in technical glitches really guys because on Wednesday United Airlines grounded |
0:53.4 | 3,500 flights worldwide due to a computer problem and if that didn't get Wall Street's |
0:59.2 | attention on Thursday the New York Stock Exchange halted trading for four hours due to a technical |
1:05.2 | glitch. Ronald start with you. New York Stock Exchange. That's kind of a scary headline |
1:10.6 | for investors but worse than the actual effect. |
1:13.9 | True but for me too I'm walking into the eye doctor and I get a text from our chief investment |
1:17.2 | officer. New York Stock Exchange halted and I'm like oh great. Next Ron Gross I go into |
1:23.6 | the get my eyes checked. I come back out still halted. Our later still halted. Our later |
1:27.8 | still halted. But as you say the first thing is that it's great it wasn't a cyber attack |
1:33.0 | at least we hope and we believe it's not a cyber attack. It was a technical glitch. You |
1:37.0 | don't want to see those but it was a software release communication broke down and it |
1:41.4 | does happen. What's interesting is that things have evolved in the stock exchanges and the |
1:45.4 | stock market so much over the years that the New York Stock Exchange really represents |
1:50.3 | only about 20% market share volume nowadays. There are 11 other exchanges NASDAQ being the |
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