China Protests Hit U.S. Stocks, NFL Viewing Hits New Record

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🗓️ 28 November 2022

⏱️ 18 minutes

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Summary

Apple's manufacturing challenges are just one of the story lines coming out of the recent protests in China. (0:21) Jason Moser discusses: - Black Friday's new record of $9 billion spent - How other retailers are competing with Amazon - NFL viewing on Thanksgiving Day setting new records (9:33) Bill Mann discusses: - Rising unemployment among China's young adults - How municipalities are "drowning in debt" - The challenges of sourcing ingredients and manufacturing in China for U.S. companies like Apple and Procter & Gamble Stocks mentioned: WMT, TGT, KSS, AMZN, ETSY, W, AAPL, SBUX, MCD, PG, YUMC Host: Chris Hill Guest: Jason Moser, Bill Mann, Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got Black Friday, Cyber Monday, and the latest on the protests in China.
0:09.6	Motley Fool Money starts now.
0:11.6	I'm Chris Hill joining me in studio Motley Fool's Senior Analyst, Jason Moser.
0:24.6	Good to see you.
0:25.6	It's good to see you.
0:26.6	I'm glad I'm not still in a Turkey comb.
0:29.9	He was close there for a minute.
0:32.6	You and me both.
0:34.3	I think you and I, because we were in our respective commas, we were not doing any shopping
0:38.9	last Friday.
0:40.2	And that puts us probably in the minority because Black Friday shopping hit a new record
0:45.8	of $9 billion.
0:48.6	And there are a few things we can get into here.
0:52.8	And the data that popped out to me was MasterCard saying that sales up 12% year over year.
1:01.6	That's what you want to see.
1:03.5	Well, yeah, absolutely.
1:04.5	And it is very encouraging from the perspective that the forecasts were a bit more tempered,
1:10.8	right?
1:11.8	I mean, I think the obviously ongoing concerns regarding inflation, I mean, interest
1:16.3	rate environment making it more difficult to borrow, the general feeling was that consumers
1:23.2	going to be a bit more conscious of those type of spending.
1:28.8	And maybe that will reflect as we get closer to the holiday.
	...

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