MarketFoolery: 10.10.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 10 October 2013
⏱️ 16 minutes
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Summary
Restaurants & Hotels
October 10, 2013
The market rebounds on signs of progress in Washington DC. Plus we discuss the latest from Ruby Tuesday’s, Darden Restaurants and Marriott International.
Transcript
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| 0:00.0 | It's Thursday, October 10th. |
| 0:03.0 | Welcome to Market Foolery. |
| 0:04.0 | I'm Chris Hill joining me in studio today from Fool.com, Taylor Muckerman, |
| 0:08.0 | and from Motley Full 1, Jason Moser. |
| 0:10.0 | Happy Thursday, Jenz. |
| 0:11.0 | Same to you. |
| 0:12.0 | Happy Thursday. It is kind of a happy Thursday, atents. Same to you. Happy Thursday. |
| 0:13.0 | It is kind of a happy Thursday, at least in the market. |
| 0:15.0 | We're going to talk restaurants, we're going to talk hotels, but let's start with the market |
| 0:18.5 | because all the major indices up more than 1% this morning on the news that there is some sign of progress |
| 0:27.1 | across the river in Washington, D.C. |
| 0:29.3 | At least a heartbeat. |
| 0:30.8 | Hard feat of progress in the story Taylor is that the Republicans in the House are |
| 0:37.0 | going to put forth a short-term increase to the government's borrowing |
| 0:41.6 | authority so we'll push that October 17th deadline |
| 0:45.1 | back another four weeks or six weeks that sort of thing that's nice certainly a |
| 0:50.1 | nice morning in the market but I have to ask doesn't that just delay the |
| 0:55.2 | inevitable doesn't that just mean a month from now we're going to be back to well |
| 0:58.4 | we have the deadline coming up yeah I think that's their point I mean it kind of |
| 1:01.8 | allows them to buy a little more time |
| 1:03.7 | to debate the Affordable Health Care Act |
| 1:07.0 | and try and get the spending limits cut there. |
... |
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