MarketFoolery: 05.17.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 17 May 2011
⏱️ 13 minutes
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Summary
Wal-Mart reports strong international growth and an improvement in U.S. sales. Hewlett-Packard lowers earnings guidance and tries to plug some leaks. And business networking site LinkedIn increases the price range for its intial public offering.
Transcript
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| 0:00.0 | It's Tuesday, May 17th, and this is Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Pool Global Gaines, Tim Hanson, |
| 0:09.8 | from Hidden Gems Andy Cross, and for a million dollar portfolio, Ron Gross. |
| 0:14.2 | Guys, good to see you. |
| 0:15.2 | Hi to see you, Chris. |
| 0:16.2 | We've got earnings from Walmart and HP, plus we will look again at the latest numbers |
| 0:21.2 | around LinkedIn's upcoming IPO, but we will begin today with the big story |
| 0:25.9 | making all the headlines, Dominique Strauss-Kahn, the head of the International Monetary Fund, |
| 0:31.2 | who was in jail on charges of alleged sexual assault. |
| 0:35.0 | Tim, obviously the legal case is going to unfold in the coming days, |
| 0:40.0 | but for investors who are looking at the IMF's role in Europe, what is the impact here? |
| 0:47.0 | Well, I was surprised this morning I woke up and turned on the television in Mohammed Al Aryan, who's the sort of the investing guru at PIMCO, the big bond shop in California, |
| 0:55.8 | was on television saying that this chain of events has now increased the likelihood of a Greek |
| 1:02.2 | default. And the reason being is that Dominique |
| 1:04.2 | Strauss-Con is some sort of a cult of personality who had really worked hard to |
| 1:08.5 | bring European politicians together to reach the settled negotiations to bail out Greece not too long ago. |
| 1:15.0 | Frankly though, I just have trouble believing that. |
| 1:18.0 | The IMF is an arm of the United Nations and is arguably one of the most bureaucratic |
| 1:22.0 | organizations in the world. |
| 1:24.8 | To give you just a sense, so there are about 2,500 employees, there's a 24-member board of |
| 1:30.3 | governors that meets every year to decide strategy and then an additional |
| 1:33.7 | 24 member executive board that does day-to-day operations. I don't know how 24 |
... |
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