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Motley Fool Hidden Gems Investing

The Motley Fool Investment Guide

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 1 September 2017

⏱️ 40 minutes

🧾️ Download transcript

Summary

Businesses deal with Hurricane Harvey's impact. Wells Fargo reports more fake accounts. Lululemon reports surprising earnings. Gilead Sciences makes a big buy. And Match hits a new high as Tinder heats up. Plus, Motley Fool co-founder Tom Gardner talks small caps and shares some insights from the brand-new edition of The Motley Fool Investment Guide. Thanks to Casper for supporting The Motley Fool. Save $50 on a mattress at http://www.casper.com/fool and use the promo code "fool".      Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Thanks to Casper for sponsoring this episode of Motley Full Money.

0:03.0

For $50 off any mattress go to Casper.com slash Fool and enter the promo code Fool.

0:13.6

Everybody needs money. That's why they call it money.

0:24.8

From Fool Global Headquarters, this is Motley Full Money. It's a Motley Full Money Radio show.

0:29.5

I'm Chris Hill, joining me in studio this week for Million Dollar Portfolio, Matt Argusinger from

0:33.5

Silvernova, David Cretzman, and from Motley Full Pro and Options Jeff Fisher. Good

0:37.7

see you as always gentlemen. We've got the latest headlines from Wall Street, Motley Full CEO,

0:42.4

Tom Gardner is our guest and is always giving an inside look at the stocks on our radar.

0:47.2

But we begin this week with Hurricane Harvey. The financial impact is still being assessed,

0:52.8

but some estimates are putting the economic toll at upwards of $200 billion.

0:58.5

And Mattie, given the size of Houston and the outlying areas, maybe we shouldn't be surprised by that.

1:04.2

It is on track to be the most costly natural disaster in American history, much bigger than Katrina,

1:08.6

about three times the cost of Hurricane Sandy, which we know hit New Jersey in a lot of the East Coast.

1:12.9

It's incredible. And by the way, the majority of that, especially on the residential side,

1:17.6

is going to be in uninsured losses. Because as we know, 95% of the damage was caused by flooding,

1:22.9

which is just an extra devastation to the cost of this storm.

1:29.2

Silver lining to this, if there's anything, is that I think the government's probably going to kick

1:32.1

in some aid. There's probably going to be years of rebuilding, which is going to boost the economy

1:36.7

in the medium to long term. And of course, tens of thousands of households around Houston are

1:41.3

probably going to be buying a car in the next few months, just because those cars tend to be fully

1:46.0

insured obviously. And there was somewhere on the order of 500,000 cars, I believe, that were

1:50.3

destroyed in the storm. On the flip side, though, David, you look at those day-to-day businesses,

...

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