President Trump is warning China not to retaliate for the newest tariff hike on its imports. Three days ago, the President raised tariffs to 25 percent on approximately $200 billion on Chinese goods. I joined CBS This Morning to discuss how the tariffs will impact the average consumer.
Americans are already paying $1.4 billion a month more after the last round of tariffs targeting Chinese goods, according to experts from the federal reserve bank of New York. Carter Evans reports, and I weigh in with my analysis.
How will increased tariffs on Chinese goods impact the American consumer? I discussed on CBSN.
A massive trade deal between the U.S. and China is in jeopardy. That could impact millions of Americans as President Trump threatens to double the tariffs on Chinese imports. Stocks fell with the news. Ben Tracy reports and I make a guest appearance!
It was an exhausting week for investors, even though there were only four trading sessions. Monday’s U.S.-China 90-day trade “time out” stock bounce was dwarfed by big sell-offs throughout the rest of the week. The drubbing began after the President’s tweet that he is a “tariff man,” shortly followed by another, which questioned whether a “real deal” with Beijing is actually possible.
Okay, here's the scenario for Andrew from Louisville, our caller in the first two segments this weekend. Recently retired and now finding himself worrying about his asset allocation. What is the right mix when it comes to stocks and bonds? Is he being too aggressive? Or is he good to go and doesn't even know it?
More emails to round out the first hour. We're making a little progress as we are now answering emails from June. That's the good news. The bad news is that July is just about over. Sigh...
Should you incorporate big picture, economic trends into your investment strategy? Or should you adhere to a “set it and forget” mindset?
The answer depends on your time horizon, according to our guest, Justin Nielsen, the Market Research Director at Investors Business Daily. You may recall that Justin was on the show last month with his colleague, Chris Gessel, discussing passive versus active investing, but today we have him to ourselves.
Whether it’s a trade war, inflation, tax policy or interest rates that moves markets, Justin says that if you are a long-term investor, any distinct event “is a blip." How much of a blip? Well check out this neat chart that he provided:
You can see that going back more than a century, there are long, 15 to 20 year cycles. Whether it's the Roaring 20s, Post World War II, 80s and 90s Dot com run-up, there are always times of down or sideways action…it’s just part of the longer cycle. That means that as uncertain and scary events occur, you need to remind yourself, that they are simply part of being an investor.
And for you geeks out there, we even talk about the YIELD CURVE, which is just a way to compare short-term interest rates (the federal-funds rate) and long-term interest rates (the 10-year U.S. Treasury bond). It also happens to be one of those weird market indicators that can presage recessions and stock bear markets.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Five days after implementing tariffs on $34 billion worth of imported Chinese goods, the Trump administration released a list of an additional $200 billion worth of Chinese imports that will be subject to a 10 percent tariff. On the day of the announcement, stocks slid, but only by about a half of a percent. By the end of the week, it seemed like investors had forgotten about the announcement and instead were focusing on corporate earnings and the strength of the economy.