The Latest Shut-Down

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 29 September 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Friday’s deadline for government funding seems like it will pass without a resolution. We talk through the latest government shutdown and what it means for the market. (00:21) Jason Moser and Andy Cross discuss: - The government shutdown and how investors and federal employees should be processing the news. - The FTC’s antitrust case against Amazon and what it means for big tech. - Earnings updates from Costco, Nike, and Carmax. (19:11) Motley Fool analyst Rick Munarriz gives a rundown on Rover, the petcare marketplace, and explains the tailwinds and tailwags pushing the company forward. . (33:01) Jason and Andy break down two stocks on their radar: EPAM Systems and Intercontinental Exchange. Stocks discussed: AMZN, META, COST, NKE, KMX, ICE, EPAM Host: Dylan Lewis Guests: Jason Moser, Andy Cross, Ricky Mulvey, Rick Munarriz Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got thoughts on the government shutdown, and the FTC's latest antitrust allegations,
0:09.8	Motley for Money, starts now.
0:11.6	Everybody needs money. That's why they call it money.
0:30.2	From full global headquarters, this is Motley for Money.
0:40.5	It's the Motley for Money Radio Show.
0:50.7	We've got a curious case of gold bars, a mini dive into a company for Fido, and stocks
0:55.8	on our radar.
0:56.9	But we are kicking off today, talking about the government shutdown.
1:00.6	Jason Andy, I'm going to timestamp this conversation right here at the top.
1:04.5	We're talking Friday afternoon at noon, sometimes compromise the slow, and sometimes it
1:09.4	moves incredibly quickly when it needs to.
1:12.3	But based on what we are seeing, it seems like we are just hours away from a government
1:16.5	shutdown, and there's a high likelihood that we'll be seeing it.
1:20.3	This would be the first since 2018, Andy.
1:23.9	What are you thinking about with the investor lens on this story?
1:27.0	Yeah, Dylan.
1:28.0	Goldman Sachs puts us the odds of a shutdown at about 90%.
1:32.0	So, as you mentioned, unless we see some quick changes here, it looks like we're going
1:36.0	to go into the weekend with the 22nd shutdown of the past 50 years for the federal government,
1:41.2	which means basically non-essential agencies and services have to stop operating their
1:45.9	employees going furlough.
1:48.5	The last shutdown we had this shutdown, Dylan, in 2018, the shutdown lasted 35 days, and
	...

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