Market Uncertainty, Surprising Earnings, and Thinking Bigger
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 2 October 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. |
| 0:19.0 | It's the Motley Full Money Radio Show. I'm Chris Hill joining me this week. |
| 0:22.0 | Ron Gross and Andy Cross. Good to see you gentlemen. |
| 0:25.0 | Hey Chris. You doing Chris. |
| 0:27.0 | We've got the latest headlines from Wall Street. We'll talk about growing America's economy, |
| 0:32.0 | which journalists Matthew E. Glacias. And as always, we've got a couple of stocks on our radar. |
| 0:36.0 | But we begin with the big macro. We will get to the jobs report in a moment. |
| 0:40.0 | But we have to start with the news that the president of the United States has tested positive for COVID-19. |
| 0:46.0 | And because more details are coming out by the hour, let me also add that we are recording this |
| 0:52.0 | at just after 12 noon on Friday. |
| 0:55.0 | Ron Gross, I'm going to start with you. We've been doing this show for more than a decade. |
| 0:59.0 | There are other shows that mix business and politics. We're not one of them. |
| 1:03.0 | So anyone looking for the political ripple effects of this news, there are plenty of shows out there that they can listen to. |
| 1:10.0 | We focus on investing in the stock market. And right now, with the S&P 500 down about 1% on Friday, |
| 1:18.0 | the reaction from the market is not too bad considering the president's health is compromised in a way that we haven't seen out of the presidency in a very long time. |
| 1:28.0 | Yeah, a relatively muted response, which I don't think I'm surprised by. |
| 1:33.0 | We often say the market hates uncertainty. And this certainly does create uncertainty. |
| 1:41.0 | But you have to really extrapolate some pretty morbid things into the future to become panicked about this situation. |
| 1:51.0 | We certainly wish everyone well. We don't know how this will turn out. |
| 1:56.0 | But for today, for this market cycle, this day tomorrow, the next Monday's market, it's about some near term uncertainty within the context of an incredible six months of uncertainty. |
| 2:10.0 | When you throw in the pandemic and the economy and the looming election. |
... |
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