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Motley Fool Hidden Gems Investing

Motley Fool Money: 07_02_2010

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 2 July 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

What do the latest jobs numbers mean for investors? Will Google's Droids capitalize on the new iPhone's bad reception? Will Ryanair's vertical seats catch on with U.S. airlines? And will Hulu's new service catch on with viewers? On this week's Motley Fool Money Radio Show, we discuss those stories, share three stocks on our radar, and talk with Nicholas Carr, author of The Shallows: What the Internet is Doing to Our Brains.  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.

0:19.5

Welcome to Motley Fool Money.

0:21.0

Thanks for being here. I'm your host, Chris Hill, and I'm joined by Motley Fool,

0:24.0

Senior Analyst, Seth Jason, James Early, and Shannon Zero Guys.

0:28.0

Happy Independence Day weekend.

0:30.0

And to you, Chris.

0:31.0

On this week's show, Google's Big Buy, Steve Jobs, rumor hysteria, a different way to fly,

0:37.0

and what the internet is doing to your brain.

0:39.0

But we begin with Friday's jobs numbers, which did not impress the stock market.

0:44.0

The unemployment rate fell to 9.5%, that's down from 9.7%.

0:49.0

But that was because 650,000 people gave up their job searches and left the labor force.

0:55.0

So they're no longer counted as unemployed.

0:58.0

The private sector created just 80,000 new jobs, much lower than expected.

1:02.0

Seth Jason, I know there's a lot there, but what did you think of the news?

1:05.0

Well, everybody out there should remember that the news is pretty complex around this and often misleading.

1:11.0

So these numbers, can I just call them lame?

1:14.0

When you say the unemployment rate goes down, yet there are fewer jobs and people have given up.

1:19.0

You're essentially saying, hey, you know what?

1:21.0

You gave up looking for work, congratulations, you're no longer unemployed.

1:25.0

And that's obviously completely bogus.

1:27.0

So I would call this a pretty weak report, and I wouldn't be excited.

...

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