The Big Macro: New Homes Edition
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 24 September 2015
⏱️ 26 minutes
🧾️ Download transcript
Summary
New home sales look strong, but Caterpillar’s woeful quarter drags down the Dow. Plus we discuss the latest iPhone reviews, electric vehicles, and the upcoming film “The Big Short”.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Thursday, September 24th. |
| 0:03.7 | Welcome to Market Foolery. |
| 0:04.8 | I'm Chris Hill joining me in studio today for Motley Full Funds, David Meyer, and Bill Barker. |
| 0:09.5 | Happy Thursday, Jenz. |
| 0:10.6 | Thank you. |
| 0:11.6 | Hi, how are you? I'm good. It's Thursday. It's Thursday and we're so close to Friday and then you know and then this this terrible |
| 0:20.9 | terrible week for the market will be over. |
| 0:24.0 | I shouldn't say terrible, terrible, but you know what, today? |
| 0:28.0 | Not looking so good. |
| 0:30.0 | And why don't we just leap into that with the big macro? |
| 0:35.0 | And we'll talk about home sales in a second, but |
| 0:41.0 | it's important, I think, to remember that the Dow Jones Industrial average is made up of only 30 companies. |
| 0:46.0 | And so on any given day, all it takes is one company having a bad day to drag down the Dow. That's not the case today. When I checked about a half |
| 0:56.4 | hour ago, all 30 stocks were down. But you know what, even if some of them were up, I feel |
| 1:00.2 | like Caterpillar would single-handedly be dragging down the Dow because it's down about 7% on their third quarter report and this |
| 1:10.3 | David how bad is this because all I'm seeing is bad? |
| 1:15.0 | They've already said we're not even going to wait for the end of 2015. |
| 1:18.0 | We're telling you right now. |
| 1:19.0 | However, the fourth quarter goes, 2015 is going to be our third straight year of declining |
| 1:24.4 | sales and oh by the way good chance the 2016 is going to be a year of |
| 1:29.2 | declining sales which would be four straight years which has never happened in the |
| 1:32.4 | company's history. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

