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Motley Fool Hidden Gems Investing

Motley Fool Money: 09.03.2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 3 September 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

We dig into the latest jobs and retail numbers and how Mariner Energy’s explosion is affecting oil stocks.  Plus, why did Dell & HP have a bidding war over an unprofitable company?  Should Netflix be scared of Apple TV?  And can you pass our Labor Day food quiz? 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 Fool Money.

0:19.0

Welcome to the show. Thanks for being here.

0:21.0

I'm your host Chris Hellen. I'm joined by Motley Fool,

0:23.0

Senior Analyst Seth Jason, James Early, and Tim Hansen.

0:26.0

Guys, good to see you. Hello. Hi Chris.

0:28.0

It's the Labor Day weekend, summer, officially over,

0:31.0

so we got a lot to get to this week, including the latest from Apple,

0:34.0

Dell, HP, and Burger King, but we begin with the big macro.

0:38.0

On Friday, the latest jobs numbers came out.

0:41.0

Private employers added 67,000 jobs, which was higher than expected,

0:45.0

but the unemployment rate ticked up to 9.6%.

0:49.0

And earlier in the week, the August retail numbers were released,

0:53.0

and we're surprisingly solid, Seth Jason.

0:56.0

I mean, I don't want to jinx us, but are we actually seeing some good news here?

0:59.0

You know me, I'm a hater in this.

1:01.0

There's some decent news, or at least news that's not as bad as I thought it would be,

1:05.0

and I read a lot of doom and gloom economic commentary,

1:08.0

and it was better than those folks have been predicting as well.

1:13.0

So the jobs number 67,000, you know, that's not a lot of jobs added,

1:18.0

and it's a net loss after all of those census workers disappear from the payrolls.

1:24.0

But you know, it's better than creeping back in the other direction,

...

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