The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. I joined CBS This Morning: Saturday to break down the latest financial information.
The New York Stock Exchange will temporarily close its famous trading floor on Monday after two people tested positive for the coronavirus. Trading is set to resume electronically. On Wednesday, the Dow closed below 20,000, erasing nearly all its gains since President Trump took office. I joined CBS This Morning with reaction to the extreme economic uncertainty.
Coronavirus fears led to another terrible day for stocks Monday, amid growing concerns the world may be headed into a new recession. Consumer spending makes up 68% of the U.S. economy. I joined CBS This Morning with some tips on how everyday people can cope with the financial uncertainty.
Wall Street is hoping to rebound Tuesday after Monday's historic losses, but traders still worry about the long-term impact of the outbreak. Some finance experts are fearing the coronavirus pandemic could lead to a recession. I joined CBS This Morning to explain where the U.S. economy stands, and who could be impacted the hardest.
Financial markets suffered losses of historic proportions Monday, with the Dow falling almost 3,000 points, the biggest one-day point drop of all time. The tumble comes as President Trump concedes the country "may be" heading for a recession. Here’s my report for the CBS Evening News.
The stock markets ended a brutal week on a positive note. The Dow bounced back by nearly 2,000 points, picking up more than 9% on Friday. Here’s my report from the CBS Evening News.
The Dow plummeted nearly 10%, leaving investors fearing that the government has not done enough to help the economy amid the coronavirus pandemic.
Your 401(k) may be taking a hit this week after another sell-off in the markets. The Dow, Nasdaq and S&P each lost more than 1.5% of their value Wednesday, the second straight day of losses. President Trump placed the blame on his political foes, and "impeachment nonsense." I joined CBS This Morning to discuss what's really behind the drop.
On Tuesday, the Dow Jones Industrial Average fell by almost 800 points and shares of tech giants fared even worse. It was a reversal from the market's gains Monday, when Wall Street celebrated news of a truce in the U.S.-China trade fight. I discussed on the CBS Evening News with Jeff Glor.
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In 2008, the banking system was near total collapse, the stock market was in free fall, and government officials (it seemed to many) were as clueless as the rest of us. I joined CBS Sunday Morning for a look back at the housing and banking crisis that almost dragged the world down into another Great Depression, talking with historian Adam Tooze and Wall Street Journal reporter Gretchen Morgenson about how many of the new rules put into place to protect the system from suffering another meltdown are being diluted.
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U.S. stocks fell Wednesday, with the Dow losing more than 600 points. I joined the CBS Evening News to explain what's behind the drop.
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Stock market investors have been enjoying the longest bull market in Wall Street history, but the bulls stumbled badly earlier in the week, before making a slight comeback Friday. All three of the major indexes posted losses of up to four percent for the week, the worst five-day run in six months. I joined CBS This Morning: Saturday to discuss what investors should do next.
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The markets are coming off the biggest two days of losses since February. The Dow Jones Industrial Average lost nearly 546 points Thursday, a 2.1 percent drop, on top of an 831-point plunge on Wednesday. The S&P 500 was also down 2.1 percent. I joined CBS This Morning to discuss what's behind the sell-off.
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It was a tough day on Wall Street Monday, as the Dow plunged as much as 700 points, hitting it's low for the year, before recovering at the end of the day. The dip was partly due to concerns about a trade war, but that wasn't all.
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A wild week on Wall Street came to an end with a small rally on Friday. I joined CBS This Morning to explain why such volatility might not be a bad thing.
Wall Street opens after the Dow suffered its second-worst points drop ever. It closed more than 1,000 points lower Thursday. The worst drop in history, nearly 1,200 points, happened Monday. I join CBS This Morning to discuss why the market is in correction territory.
U.S. stocks tumbled again after huge swings earlier this week. On Thursday, the Dow lost more than 1,000 points. Here's my latest appearance on the CBS Evening News with Jeff Glor to help explain what's behind the volatility.
U.S. stocks plunged Monday, marking a second day of steep declines. I joined CBS Evening News anchor Jeff Glor to discuss what we can expect moving forward.
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It was a bad end to a bad week on Wall Street. The Dow plunged 666 points Friday, or 2.5 percent -- the biggest percentage drop in a year and a half. For the year, however, it is still ahead.
The Dow opened at a record high after soaring more than 300 points and closing above 26,000 for the first time. I joined Norah O'Donnell, Gayle King and John Dickerson on CBS This Morning to discuss the gains and how a looming government shutdown could impact the surge.