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Motley Fool Hidden Gems Investing

Motley Fool Money: 08.06.2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 6 August 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

The US economy sheds more jobs. BP caps the well.  And Research in Motion introduces a fresh Blackberry.   On this week’s Motley Fool Money Radio Show, we discuss those stories, share some stocks on our radar, and talk with Peter Miller, author of The Smart Swarm: How Understanding Flocks, Schools, and Colonies Can Make Us Better at Communicating, Decision Making, and Getting Things Done. 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 on your host, Chris Held.

0:22.0

I'm joined by Motley Fool Senior Analyst, Joe Maker, James Early, and Tim Hansen.

0:27.0

Guys, good to see you.

0:29.0

On this week's show, BP Caps the Well, Price Line gives William Schattener something to sing about,

0:35.0

and China braces for a crash.

0:38.0

We'll also talk ants, bees, and investors with National Geographic Senior Editor Peter Miller.

0:44.0

But we begin with Friday's jobs report, and the numbers were not pretty.

0:49.0

Private employers added only 71,000 jobs in July that was below the consensus forecast of 90,000.

0:56.0

The unemployment rate held at 9.5%, and the under-employment rate, which includes part-time workers looking for full-time work,

1:03.0

and people who have given up looking altogether, the under-employment rate remains at 16.5%.

1:10.0

James Early, not a lot of positives here.

1:13.0

True, Chris. At this point, we almost don't need a jobs report to tell us that we're hurting.

1:18.0

I can do that for you.

1:20.0

What's really important, though, is that starting as of July of last year,

1:24.0

we started to see some positive momentum in jobs, specifically non-farm perils.

1:29.0

The rate of decline slowed. It started getting better.

1:31.0

We actually added a few jobs this spring.

1:33.0

But with June and these July figures now, the momentum has officially reversed.

1:38.0

So it's obviously bad to take away here is that the Fed might step in now to try to prevent deflation.

1:44.0

Deflation is something that encourages businesses and consumers to conserve cash,

...

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