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Motley Fool Hidden Gems Investing

Motley Fool Money: 10 29 2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 29 October 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

Who is Todd Combs and what does Warren Buffett see in him? Has Microsoft regained its mojo? And will Kimberly-Clark revolutionize your bathroom? On this week's show, we'll answer those questions, talk about some of the week's big stock market movers, and talk about the business of the mid-term elections with CNBC's John Harwood. 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 Motley Fool Money. Thanks for being here. I'm your host, Chris Hilton.

0:22.0

I'm joined by Motley Fool, Senior Analyst, Seth Jason, James Early, and Ron Grossguys.

0:27.0

Happy Halloween. Happy Halloween to you, Chris.

0:29.0

Coming up, we'll give you the latest on Microsoft, Motorola, Sony, and more.

0:34.0

CNBC's John Harwood will give us his thoughts on how next week's midterm elections will affect Wall Street,

0:40.0

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

0:43.0

But we begin with the big macro. On Friday, the government reported that the economy grew

0:48.0

at an annual rate of 2% in the third quarter, which was in line with expectations.

0:53.0

On Thursday, the government announced that unemployment claims dropped to their second lowest level of the year,

0:58.0

but Seth Jason, Reuters and the University of Michigan reigned on the parade on Friday

1:03.0

when they reported that consumer sentiment fell in October.

1:07.0

What was your headline of the week?

1:09.0

Wow. Well, there's a lot there. Let's just go through and point out that most of those things you just said don't really matter.

1:15.0

Or our prone to change a few weeks from now when they re-estimate what unemployment claims might be,

1:22.0

and also at a few weeks when they redo GDP.

1:25.0

You don't want to take a gratuitous shot at the University of Michigan?

1:28.0

That number is always crazy. Sometimes the confidence is low and people go out the next month and spend like crazy.

1:34.0

What is going on here, it seems to be going on, is you shouldn't get too excited about that unemployment claims drop

1:39.0

because 434,000 big deal, the usual is about 450,000 that any number of errors could be responsible for that.

1:46.0

So whoopee. GDP numbers actually a little bit lighter than the 2.1% that I read economists were looking for.

...

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