Motley Fool Money: 07.08.2011

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 8 July 2011

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks fall on a bad jobs report. Warren Buffett bets on the U.S. economy. Target brings home the groceries. Facebook launches video chat. And Hulu entertains suitors. Our analysts discuss those stories and share some stocks on their radar. Plus, CNBC anchor Carl Quintanilla talks about the business of BMW and shares his ultimate driving experience. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everybody needs money. That's why they call it money.
0:09.0	From full global headquarters, this is Motley Fool Money.
0:19.0	Welcome to Motley Fool Money. Thanks for being here.
0:21.0	I'm your host, Chris Hill, and joining me in studio this week for Motley Fool,
0:24.0	Hidden Gems, Charlie Travers, for million-dollar portfolio,
0:27.0	Ron Gross, and back from France, from Motley Fool, Hidden Gems, Seth Jason.
0:32.0	Welcome back. I'm from France now. Bonjour.
0:35.0	So to heck with the rest of you, we've got the latest retail numbers,
0:39.0	we've got the growing battle between Google and Facebook,
0:42.0	and we've got CNBC's Carl Kintinier with an inside look at the world of BMW,
0:47.0	plus as always, an inside look at the stocks on our radar.
0:50.0	But guys, we will begin with the big macro.
0:53.0	The jobs report for June is in, and the numbers are not pretty.
0:57.0	Just 18,000 net new jobs added.
1:00.0	Unemployment is now up to 9.2%.
1:03.0	Charlie, earlier in the week, we were talking on our daily podcast about Warren Buffett,
1:08.0	how he went on CNBC, and among the things he said on CNBC,
1:12.0	was that he has a bet with Peter Orsag, the economist and former budget director at the White House,
1:18.0	about where unemployment is going to be in a year.
1:21.0	And Buffett said he thinks that he's betting that it's going to be under 8%.
1:25.0	And I backed him up.
1:27.0	You backed him. Do you want to revisit that bet right now?
	...

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