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Motley Fool Hidden Gems Investing

Motley Fool Money: 12.07.2012

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 7 December 2012

⏱️ 39 minutes

🧾️ Download transcript

Summary

Our analysts discuss the jobs report, Citigroup layoffs, and the SEC investigation of Netflix CEO Reed Hastings  Plus, Nassim Taleb discusses his new book, Antifragile: Things That Gain from Disorder. 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.

0:21.0

I'm your host, Crisell, and joining me in studio this week

0:23.0

from Motley Fool Inside Value, Joe Megger, from Motley Fool Income Investor,

0:26.0

James Early, and for a million dollar portfolio, Ron Gross.

0:29.0

Good to see you guys. How do you do, Crisell?

0:31.0

We've got a big show. We've got a big deal in the energy industry.

0:34.0

We've got big layoffs on Wall Street, and we've got a consumer brand

0:37.0

with big plans for the future. As I said, it's a big show.

0:40.0

It's a lot of pressure. It's not above two.

0:41.0

I think we're up to the task.

0:43.0

We're going to start with the big macro, and that is the November jobs report.

0:48.0

Here are the numbers. Ron, 146,000 new jobs added.

0:51.0

That's against a forecast of 85,000.

0:54.0

So better than expected. Unemployment fell to 7.7%.

0:58.0

It's the lowest in four years. What do you think?

1:01.0

I hate to be a downer.

1:03.0

Oh my gosh. I was trying to be excited.

1:05.0

I'm not impressed. I'm just not. It's better than expected.

1:08.0

So I'll put that in the plus column.

1:10.0

But the unemployment rate went down because another 350,000 people left the labor force.

...

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