MarketFoolery: 03.12.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 12 March 2013
⏱️ 21 minutes
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Summary
A judge blocks NYC's ban on large-size sugary drinks. And Costco serves up big earnings.
Transcript
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| 0:00.0 | It's Tuesday, March 12th. |
| 0:03.0 | Welcome to Market Fooler. |
| 0:04.0 | I'm Chris Hill joining me in studio today from Motley Full 1, |
| 0:07.0 | Jason Moser and from Motley 4 Hidden Gems, Chief Investment Officer Andy Cross. |
| 0:11.0 | Good to see you guys. |
| 0:12.0 | Hey, hey, Chris. |
| 0:13.0 | We've got Costco's latest earnings. |
| 0:14.5 | We're gonna talk about Costco |
| 0:16.2 | and the whole membership model business, |
| 0:18.6 | but we're gonna start with the story |
| 0:21.3 | that we touched on yesterday which is the New York City Mayor |
| 0:26.0 | Bloomberg soda ban which was supposed to go into effect at midnight but just hours before the ban was supposed to go into effect, State Supreme Justice |
| 0:37.9 | Milton Tingling Jr. and what an awesome name that is. |
| 0:41.9 | Fantastic. State Supreme Justice, Milton Tingling. and what an awesome name that is. It really is. |
| 0:43.0 | State Supreme Justice Milton Tingling halted the ban. |
| 0:48.0 | He called the proposed regulation arbitrary and |
| 1:00.9 | because it applied to some drinks but not all of them it applied to some food establishments but not all of them and I'm quoting from |
| 1:03.6 | Judge Tingling's ruling, the loopholes in this rule effectively defeat |
| 1:06.2 | the stated purpose of the rule. |
| 1:08.2 | Mayor Bloomberg responded by saying, |
| 1:10.0 | we believe the judge's decision was clearly in error and that we will prevail. |
| 1:14.4 | But clearly, Jason, in the short run, a victory for Starbucks, Dunkin Donuts, you know, |
... |
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