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Motley Fool Hidden Gems Investing

Wall Street Reacts, CES Preview

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 8 January 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

The business world reacts to the insurrection at the United States Capitol Building. Bezos, Buffet, and Dimon pull the plug on health venture Haven. Teledyne Technologies and FLIR Systems team up in an $8 billion merger. Bed Bath & Beyond tumbles on earnings. Constellation Brands rises on earnings. Fintech start-up SoFi prepares to go public via a SPAC. Qualcomm’s CEO retires. Starbucks’ CFO steps down. And Roku buys the Quibi catalog. Motley Fool analysts Ron Gross and Jason Moser discuss those stories and weigh in on Burger King’s rebranding and Chipotle’s cauliflower rice. And Ron and Jason share two stocks on their radar: Beam Therapeutics and Itron. Plus, Wall Street Journal Senior Personal Technology Columnist Joanna Stern talks CES, Facebook, Twitter, and weird tech. 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.

0:18.0

It's the Motley Fool Money radio show. I'm Chris Hill joining me this week.

0:22.0

Senior analyst Jason Moser and Ron Gross. Good to see you.

0:25.0

It was always gentleman. Hey, hey.

0:27.0

We've got the latest headlines from Wall Street. We'll get a preview of next week's consumer electronic show,

0:33.0

which you'll want to turn from the Wall Street Journal.

0:35.0

And as always, we've got a couple of stocks on our radar.

0:38.0

But we begin with Wednesday's event in Washington, D.C. and the insurrection at the United States Capitol Building.

0:45.0

This is a show about business, finance, and investing.

0:49.0

So we're going to start with some perspective from two of the most prominent leaders in finance and investing.

0:55.0

Jamie Diamond, the CEO of JP Morgan Chase, condemned the violence, saying, quote,

1:00.0

our elected leaders have a responsibility to call for an end to the violence, accept the results,

1:06.0

and as our democracy has for hundreds of years, support the peaceful transition of power.

1:12.0

Larry Fink, the CEO of BlackRock, the largest asset management firm in the world,

1:18.0

called the violence an assault on our nation, our democracy, and the will of the American people.

1:24.0

He added that, quote, the peaceful transfer of power is the foundation of our democracy.

1:30.0

At the end of the day, the mob lost members of the United States Senate

1:35.0

and House of Representatives went back to work. Democracy prevailed.

1:39.0

And Vice President Mike Pence announced the certification of the transfer of power.

1:45.0

And my hunch, Ron, is that that is part of the reason why we saw the stock market hitting an all-time high on Thursday.

1:53.0

And then again, on Friday.

...

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