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Motley Fool Hidden Gems Investing

Motley Fool Money: 08.20.2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 20 August 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

GM announces plans for an IPO. Intel buys McAfee. And Target buys some controversy. On this week's show, we talk about some of the week's business headlines, share some stocks on our radar, and talk with David Kirkpatrick, author of The Facebook Effect.  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.

0:08.0

From full global headquarters, this is Motley Full Money.

0:19.0

Welcome to the show. Thanks for being here. I'm your host, Chris Hill.

0:22.0

And I'm joined by Motley Full Senior Analyst, Seth Jason, James Early, and Charlie Travers.

0:27.0

Guys, good to see you. Good to see you, Chris.

0:29.0

On this week's show, GM is going public. American Airlines is going for your wallet.

0:34.0

And Donald Trump is going after tea drinkers.

0:37.0

All that plus we'll talk with bestselling author David Kirkpatrick about Facebook.

0:41.0

And we'll give you an inside look at the stocks on our radar.

0:44.0

But we begin with the big macro.

0:46.0

Stocks fell late in the week when the Philadelphia Fed Business Index,

0:50.0

which tracks factory activity in the mid-Atlantic region,

0:53.0

contracted to its lowest level in more than a year.

0:56.0

And if that wasn't enough bad news, first time jobless claims rose to a nine-month high.

1:02.0

Seth Jason, I'm not seeing a silver lining, are you?

1:05.0

If it please the listener, I would like to begin with a tedious metaphor.

1:08.0

I woke up at 5 a.m. and was running speed work on my treadmill this morning, eight miles.

1:14.0

And about mile six, I felt like I just wanted to collapse or shoot myself in the head.

1:20.0

I think that's about how this economy feels to me.

1:23.0

You get the sense that we're going to get to the end, but it is really uncomfortable right now.

1:28.0

What we see in the Philly Fed Index is something that is not completely unpredictable.

1:35.0

We talked in the past about kind of an inventory bounce.

...

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