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Motley Fool Money

Mr. Market’s Rough Week

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 8 January 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

Wall Street had its worst starting week ever. Our analysts discuss how should investors react to China’s volatility and which blue-chip stocks are on their watch lists. Plus, we analyze the latest from the auto industry, specialty retail, financial services and more. Bill George shares lessons from his latest best-seller, Discover Your True North: Becoming An Authentic Leader. To check out our new podcast center go to www.fool.com/podcasts

Transcript

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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 Hillen joining me in studio this week

0:23.0

for Million Dollar Portfolio Jason Moser, for Motley Fool Pro and Options Jeff Fisher

0:28.0

from Motley Fool Deep Value Ron Gross. Good to see you as always gentlemen.

0:32.0

We have got the latest from the auto industry, specialty retail, financial services and more.

0:38.0

We will dip into the full mailbag and as always we'll give you an inside look at the stocks on our radar.

0:43.0

But we begin this week with the big macro. The monthly jobs report was the loan bright spot

0:49.0

and what was otherwise the worst week to start the year in Wall Street's history.

0:54.0

We continue to slow down in China along with a crazy week for China stock markets scared a lot of investors.

1:00.0

There's a lot to get here Ron Gross. Happy New Year Chris. Happy New Year for all the investors.

1:06.0

Let's start with the jobs report. Really strong 292,000 jobs added and the previous two months revised up.

1:14.0

Things looking pretty strong for the US economy.

1:16.0

Yep things look good. I like unemployment. I'm staying steady at 5% I'm fine with that number.

1:20.0

I think economists think of that pretty close to full employment. The fuller look at unemployment, the USICS measure, flat at 9.9%.

1:30.0

I'd like to see that lower but still pretty good historically. Again this is a common theme.

1:36.0

The only kind of dark side to the employment report was wages.

1:41.0

What you're growing at about a 2.5% now and you will clip right now not so bad but that was actually down just a bit.

1:47.0

And we want to see that number going in the right direction.

1:50.0

Jason we saw in the employment report spread out over a bunch of industries. No one single industry sort of leading the way here as we've seen in the past.

1:58.0

This was increases in health care and construction. A really pretty robust report.

2:03.0

Yeah I think it's still good about it. I mean we've come from a pretty dark place here with unemployment over the past.

...

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