4.4 • 3K Ratings
🗓️ 2 October 2015
⏱️ 39 minutes
🧾️ Download transcript
The government reports surprising unemployment numbers. Automakers report surprising sales. And rumors fly around Twitter's next CEO. Our analysts discuss those stories and psychology professor Richard Nisbett shares some insights from his new book, Mindware: Tools for Smart Thinking.
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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. It's the Motley Fool Money Radio Show. I'm Chris L. and Joining Me in Studio this week for Million Dollar Portfolio Jason Moser, for Motley Fool Pro and Options Jeff Fisher, and for Motley Fool Deep Value Run Gross. |
0:15.0 | From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money Radio Show. I'm Chris L. and Joining Me in Studio this week for Million Dollar Portfolio Jason Moser, for Motley Fool Pro and Options Jeff Fisher, and for Motley Fool Deep Value Run Gross. Good to see you as always, gentlemen. |
0:31.0 | We've got the latest earnings from Wall Street. We've got two apparel retail stocks going in opposite directions, and as always, we'll give you an inside look at the stocks on our radar. |
0:41.0 | But we begin this week with the big macro. The jobs reported out Friday morning was disappointing, even though unemployment stayed at 5.1%. |
0:49.0 | Earlier in the week, U.S. Auto Sales for September surprisingly strong, Ron Gross, with sales up around 15% overall. When you look across the big macro for this week, what stands out to you? |
1:01.0 | I think I'll highlight that U6 unemployment rate that I like to chat about every now and again, if that broader measure of employment fell to 10% haven't been there since June of 2008. |
1:13.0 | I like to see it. If it gets between 8% and 10% then I really like what I see because that's a good number. On this flip side of that, you can't not mention the labor participation rate, which fell to its lowest rate since October 1997. |
1:27.0 | That kind of offsets some of those good employment numbers. You kind of got to mention both of them hand in hand. |
1:33.0 | Jason, part of that unemployment report also, the revisions for July and August being revised in the way we don't like to see. |
1:41.0 | I think that's always something worth noting is we always get caught in the present when we look at these jobs numbers. |
1:47.0 | They're almost always, if not always, revised. The revisions downward certainly hurt. When you see the labor force participation rate so low and you see that wages are very flat, that's not all that encouraging. |
2:01.0 | It'll be interesting to see how the Fed ends up responding to this down the road with their rate policy. Stepping back just to the auto sales that you brought up, that to me was really pretty interesting. |
2:11.0 | Speaking as a consumer, we're actually participated in that this past September, Chris. I feel like Ford, you're welcome because you're a little money your way. |
2:19.0 | How many times did you participate? |
2:21.0 | I think so. My wife's car would actually count for August, I believe. My car does count for September because it in fact was September. |
2:28.0 | Ford sales increased 23% so 23% I was going to say that GM was 12.5% for really, really brought the 23.3% there. |
2:37.0 | It's interesting to me to even look at Ford stock in light of that news, couple that with all of the headwinds Volkswagen is facing. |
2:45.0 | Even though Volkswagen is very small amount, as far as market share goes here domestically, I think that probably bodes well for the American automakers. |
2:52.0 | It's worth noting that Ford, at least for one, was offering as an offer you couldn't refuse. |
3:00.0 | It was free money essentially. But man, Ford stock now is the yielding 4.5%. This is actually pretty interesting. |
3:06.0 | Mark feels it's going to be feeling pretty good about things right now. |
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