4.4 • 3K Ratings
🗓️ 5 September 2014
⏱️ 39 minutes
🧾️ Download transcript
Apple deals with problems in the cloud. CVS goes on a health kick. And Twitter gets ready for some football. Our analysts discuss those stories and Motley Fool Asset Management's Bill Mann talks investing overseas.
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0:00.0 | Everybody needs money. That's why they call it money. |
0:07.0 | From full global headquarters, this is Motley Fool Money. |
0:19.0 | It's the Motley Fool Money Radio Show. I'm Chris L. Joining me in studio this week from Motley Fool One. |
0:23.0 | Jason Moser from Motley Fool's Supernova, Matt Argusinger, and for million dollar portfolio of Ron Gross. |
0:28.0 | Good to see you as always, gentlemen. We've got the latest results for restaurant stocks, health stocks, tech stocks, and more. |
0:35.0 | We will answer your questions as we dip into the full mail bag. And as always, we'll give you an inside look at the stocks on our radar. |
0:41.0 | But we begin this week with the big macro. The US economy added 142,000 jobs in August. |
0:47.0 | The unemployment rate fell to 6.1%. And Ron, when you look at the reaction on Wall Street, this seemed like one of those, man, jobs reports. |
0:56.0 | It was a little sea saui. Before the market opened, we got a pop, and then it kind of went away. |
1:01.0 | I don't think these numbers are great. I mean, it breaks the streak of six months, of 200,000 jobs created, or more. |
1:09.0 | So that's not great. However, it's just a month. I don't think anybody's panicking over a month. We did create jobs. The unemployment rate did tick down. Those are both good things. |
1:21.0 | I think a lot of traders are hopeful that this means we get a little bit more leeway in terms of easing from the Fed, and that interest rates will stay lower for a longer period of time. |
1:31.0 | But I really don't think the Fed is being influenced by one month of data. It's just one data point, and I don't think it overrides all the other data we have. |
1:39.0 | All right. Let's get to company news, and we'll start with the biggest public company of all. Apple had planned to spend this week building buzz for their event on September 9th, when they will unveil the iPhone 6. |
1:50.0 | And the much rumored eye watch. But instead Apple spent the week mired in the celebrity photo scandal CEO Tim Cook said that iCloud accounts were compromised, but that none of the Apple IDs and passwords leaked from the company's servers. |
2:06.0 | And he was kind of doing a balancing act. I almost felt bad for him because on the one hand he had to acknowledge the problem here, but he also had to deny that they were taking any sort of a lax approach to security. |
2:20.0 | Right. I mean, ultimately this is about just assuring people that if you buy an Apple product, an iPhone, especially that things are you're using even passwords are going to be secure. |
2:30.0 | The ultimate question here, does any of this do the celebrity photo that have been spread around that have been hacked? Is that going to prevent people from buying Apple products in my opinion, no way? |
2:40.0 | I mean, I don't I certainly don't have any new pictures of in my iCloud. At least I don't think I do. And if even if someone hacked in right now and stole a bunch of those pictures, I still I still love the iPhone product and I love the Apple products. |
2:52.0 | It's not going to prevent me or any of the ever show from buying. I completely agree with that. I would like to see how it does shake out though because we're still a little bit fuzzy. |
3:00.0 | It wasn't the iCloud. It was the iCloud. People who are perhaps victims of phishing attacks, phishing attacks and themselves in a certain way to blame them for themselves getting hacked. |
3:10.0 | I would like to know exactly what's going on because as they implement new security procedures for iCloud, it certainly seems that they are recognizing vulnerability, but yet they're claiming it was a real deal. |
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