meta_pixel
Tapesearch Logo
Log in
Motley Fool Money

Motley Fool Money: 10.03.2014

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 3 October 2014

⏱️ 39 minutes

🧾️ Download transcript

Summary

On this week's show, our analysts discuss the surprising jobs numbers, eBay's PayPal spin-off, and Wayfair's red-hot IPO. And we talk with John Lanchester, author of How to Speak Money: What The Money People Say - And What It Really Means.

Transcript

Click on a timestamp to play from that location

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

That's the Motley Fool Money Radio Show. I'm Chris Hill joining me in studio this week

0:22.4

from Motley Fool One, Jason Moser from Motley Fool Supern of Amat Argus Singer and from

0:26.5

a million dollar portfolio, Ron Gross. Good to see you, Jens.

0:29.5

We've got a hot IPO, a spin-off we've been waiting for and a proposed merger that we

0:35.0

can't make sense of. Best selling author, John Lanchester will help us break down the

0:39.0

language of money and as always we'll give you an inside look at the stocks on our radar.

0:43.2

But once again this week we begin with the big macro. The jobs report for September is

0:48.0

out. We added 248,000 jobs. The numbers for both July and August were revised up.

0:55.0

John Gross, the unemployment rate. The rate has dropped below 6%. It sits at 5.9%.

1:01.0

First time in six years we've seen it below 6%. The big takeaway for me is that more people

1:06.7

went back to work here. It wasn't just a function of that fuzzy math we talk about where people

1:11.3

left the labor force. We actually have people working. The U6 number we sometimes talk about

1:16.1

with a more full measure of employment actually dipped under 12% to 11.8. That looks good

1:21.8

as well. The economy really appears to be picking up steam.

1:24.8

Matti, there were some people looking at the numbers that we had over the summer which

1:29.1

weren't bad and thinking well it's not going to get any better than this. This kind of sets

1:34.1

us up for a nice end to 2014.

1:36.1

It does. The numbers for previous months were revised up and so far this year we're averaging

1:41.3

over 220,000 new jobs a month. You have to go back to 1999 when we had that consistent

1:46.8

number of pace consecutive months with that kind of labor increases. It's great news. I agree

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.