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Motley Fool Hidden Gems Investing

The Fantastic Future

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 15 April 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

Wall Street's big banks report. Mark Zuckerberg lays out his vision for Facebook. And PC sales continue to fall. Plus, best-selling author Ashlee Vance talks Elon Musk, Tesla, and SpaceX. For a free preview of our Motley Fool PRO service, go to TryPro.Fool.com. 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.

0:07.0

From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money

0:20.1

radio show. I'm Chris Hilton joining me in studio this week for Million Dollar Portfolio

0:23.6

Jason Moser and Matt Argusinger and for Motley Fool Deep Value Ron Gross. Good to see you

0:28.2

as always, gentlemen. Hey, we've got the latest on retail, energy, tech trends and more,

0:33.6

best selling author Ashley Vance will take us behind the scenes at SpaceX and Tesla Motors

0:38.5

and as always we're giving inside look at the stocks on our radar. You can hit us up on

0:42.4

Twitter at Motley Fool Money is our handle. Got a message from Ben Weckner in Austin, Texas

0:48.2

who writes, hoping for a good show this week for my run at the Boston Marathon.

0:53.4

The fresh is on. So look, pace yourself, Ben and good luck at heartbreak. I have notes. I'm

0:59.6

the only one without a computer. Don't worry, it's a big good show. We're going to do our best.

1:04.0

Earning season has begun with most of the big banks reporting Bank of America, Wells Fargo,

1:09.6

City group, JP Morgan Chase, Matt Argusinger. Any themes out of this group? Well, I can tell you

1:15.8

three of the banks you mentioned failed the living will test from the Fed, which if you don't know,

1:21.2

is kind of a, it's one of the stress tests that basically measures if any of these banks feel

1:27.0

significant stress or there's a major economic event that affects their earnings or their loan

1:30.6

portfolios, can they be wound down without affecting or causing major harm like we saw in 2008?

1:37.1

And right now the answer is no for a few of these banks and that, you know, these are regulations

1:41.6

that were put in place for the Dodd-Frank Act. And it's only significant in the sense that they fail

1:46.5

again. It's only significant in the sense that our company is relying on. If they fail again,

1:50.8

they can be subject to some more capital constraints and potential breakups, which we've heard a lot

1:55.4

about in the news. On the earnings side though, it really was kind of the same. It was profits are

...

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