MarketFoolery: 08.23.2011

MarketFoolery

The Motley Fool

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

4.7 • 1.7K Ratings

🗓️ 24 August 2011

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Standard & Poor's announces a big change. Williams-Sonoma reports big earnings. And a Warren Buffett investment reports big trouble.

Transcript

Click on a timestamp to play from that location

0:00.0	It's Tuesday, August 23rd, and this is Market Fullery.
0:05.0	I'm Chris Helen joining me in studio today for Motley
0:08.0	for Motley Inside Value, Joe Meager, and for Motley for Global Games, Tim Hanson.
0:14.4	Guys, it feels like we shouldn't be inside today.
0:17.6	It's such a beautiful.
0:18.6	It's a gorgeous day outside.
0:20.4	It's a gorgeous day outside in Alexandria, Virginia, and frankly, this goes to my case that I've been making for a long time in the studio. We need a retractable roof.
0:28.0	I like it. Because we could just like pop it open and it'd be gorgeous.
0:31.0	Is this our reward for suffering through that halacious July?
0:34.5	Yeah, it is.
0:35.7	It is.
0:36.7	All right, we have bad news for Warren Buffett.
0:38.7	We have better news for Williams Sonoma, but we will start with the news that Devon Sharma, the President of Standards
0:45.1	and Pours, is resigning at the end of this year.
0:48.3	This comes just weeks after the S&P cut the United States AAA credit rating.
0:53.5	James Early, all a big coincidence, I'm guessing.
0:56.1	It could be, Chris.
0:57.2	It is ironic that the person who downgraded the US is dead
0:59.5	is now being replaced by a top executive
1:01.7	from one of the top tar recipients.
1:04.4	But truth is S&P was under heat for really a number of reasons before this.
1:10.4	Well, obviously the Obama and the US Treasury after this downgrade, but the SEC was looking
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.