MarketFoolery: 05.22.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 22 May 2013
⏱️ 18 minutes
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Summary
Federal Reserve Chairman Ben Bernanke tells Congress that it's too soon for the Fed to end its stimulus program. JPMorgan Chase Chairman and CEO Jaime Dimon gets a vote of confidence from shareholders. And ESPN deals with the rising cost of sports programming.
Transcript
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| 0:00.0 | It's Wednesday, May 22nd. |
| 0:03.8 | Welcome to Market Foolery. |
| 0:04.8 | I'm Chris Hill joining me in studio today from Molly Fool's supernova. |
| 0:08.2 | Matt Vargasinger and from Fool. |
| 0:11.2 | Matt Kopp and Heifer. |
| 0:12.2 | Thanks for being here guys. Hey, how here guys. It's a short week for us because we've got the Memorial Day weekend coming up here in the states. |
| 0:18.0 | So this is it for this week. We will be back next week enjoy the long weekend everyone |
| 0:24.0 | today we're gonna talk Wall Street Banks and a little bit of trouble in the |
| 0:27.6 | magic kingdom but let's start with the Fed chief Ben Bernanke went to Congress today. He's still there now because it's Congress and when you're testifying in front of the joint economic committee, it's going to be a long day for you. |
| 0:42.0 | But the headline guys is that Bernanke said the U.S. |
| 0:44.6 | job market is still weak and that it's too soon for the Fed to end the stimulus program. |
| 0:50.3 | So, uh, Mac Koppenifer, i'll just start with you any |
| 0:53.6 | any rumors or any thinking |
| 0:56.2 | that the free money forever program was gonna end and that branaki was gonna |
| 1:00.3 | telegraph that that's off the table now |
| 1:02.4 | i think so i think so and |
| 1:04.3 | you know i'll be |
| 1:05.6 | perfectly clear on this i think this is kind of an unpopular thing to say but i think he's |
| 1:09.6 | i think he's right |
| 1:10.4 | i think he's right i think that's the bottom line |
| 1:12.4 | uh... you look at the |
| 1:13.3 | indicators the the economy starting to improve we've seen some GDP growth we've |
... |
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