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Motley Fool Hidden Gems Investing

Motley Fool Money: 12 03 2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 3 December 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

The EU tries to contain the crisis in Ireland. Pepsi scores in Russia.  Google bids for Groupon.  And Abecrombie & Fitch reports some fashionable sales growth.  On this week's show, we'll talk about those stories and talk with Vanguard founder John Bogle, author of Don't Count On It:  Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes.   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 L.

0:22.0

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

0:27.0

Guys, good to see you as always. And good to see you, Chris. On today's show, Pepsi gets its kicks in Russia.

0:32.0

Abercrombie reports some fear sales and Google goes after Groupon.

0:37.0

We'll talk with Investing Legend Jack Bogle, the founder of Vanguard, plus, as always, a look at the stocks on our radar.

0:43.0

But we begin with the big macro and guys so much for the holiday cheer.

0:47.0

On Friday, the Labor Department reported that the unemployment rate jumped to 9.8% in November, a seven month high.

0:54.0

The economy added 39,000 non-farm payroll jobs in November much lower than expected.

1:00.0

But Seth revised jobs for September and October show 38,000 more jobs were created than the original estimate.

1:08.0

Break down the numbers for us, please.

1:10.0

That's the number I actually look for because the earliest reports and that's the headline number we're seeing today.

1:15.0

Those are often revised by up to 60 or a thousand jobs either direction, although lately it's usually been in the up direction.

1:22.0

So we had about 20,000 per month for the prior two months upward revision.

1:27.0

So that's better, but this headline number isn't great.

1:31.0

And I mean, I guess it's a job game that's better.

1:33.0

I'm not sure what analysts were expecting.

1:36.0

I'm not privy to what their hopes and dreams are.

1:39.0

But when I look at this report as I usually do, I see that the trend in temporary help, which is kind of a leading indicator for the economy, but although it's not the highest quality employment,

1:50.0

it was up 40,000 in the month.

1:53.0

Healthcare, which had been a source of strength for a long time, only inched up, you know, 8,000 jobs in retail, trade employment according to the report felt 28,000 at department stores and others.

...

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