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MarketFoolery

Leaderless Groupon, Rent-Free Cheesecake

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 26 March 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

Unemployment filings hit a new record. Groupon’s CEO and COO depart immediately. Cheesecake Factory shares rise after the CEO informs landlords the restaurant chain won’t be able to pay rent on April 1. Jason Moser analyzes those stories, plus we dip into the Fool Mailbag to discuss the potential for airlines to issue more stock.

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Transcript

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0:00.0

This episode of Market Foolery is brought to you by Indeed.

0:03.0

It's Thursday, March 26th.

0:07.0

Welcome to Market Foolery.

0:09.0

I'm Chris Hill and joining me today, Mr. Jason Moser. Thanks for being here. Hey, thanks for having me. Nice to be here.

0:16.4

We're going to dip into the full mail bag. We're going to talk airlines. We're going to talk

0:20.0

restaurants. We have a sudden CEO departure that I want to get your take on but

0:25.3

we got to start with the big macro and that is the news that well it's the one-two

0:31.1

punch right we've got the the Senate approving the massive $2 trillion stimulus package,

0:36.8

and we also have 3.3 million people filing for unemployment.

0:49.5

This is for context. This is not only an all-time record, this is four times the record that was set back in 1982.

0:55.0

So this is a massive number and an indication that even with the stimulus package being approved by the Senate, things are going to get a lot worse.

1:07.0

Yeah, I mean I agree there. I think, I mean, in a world of nothing but bad news lately this certainly is good news it's a step in the right direction

1:17.8

I think it's it's something that obviously needs to happen. I know that two trillion dollars sounds like a lot of money.

1:25.4

And it is to put it into context that's our GDP domestically here in 2019 was around

1:31.8

21.5 trillion dollars so that can give you an idea.

1:35.2

I suspect we'll see the, we'll see that $2 trillion number

1:38.8

go up over time as well.

1:40.5

But I mean, I think this is, this is, investors need to be encouraged by this. I know I certainly

1:46.3

am, I mean this is at least a little bit of certainty in what has been a world of uncertainty

1:51.7

lately and I think it starts to address some of the bigger problems out there right now getting

1:58.4

direct payments to folks that need it the most right now, boosting unemployment insurance for folks who clearly need

2:05.7

it the most right now, given the numbers we just saw this morning.

...

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