Uncertainty on Wall Street after President Trump tested positive for COVID-19. I joined CBS This Morning to discuss the possible impact of his diagnosis on the economy.
Panic over a coronavirus outbreak could send the stock market into its worst week since the 2008 financial crisis. The Dow Jones industrial average saw its worst one-day point drop in history on Thursday as it lost an entire year’s worth of gains over the course of a week. I joined CBS This Morning to discuss the likely economic fallout.
As Coronavirus cases spread throughout the world, the fear and uncertainty is taking a drastic toll on the financial markets. I weigh in as Meg Oliver reports.
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.
President Trump hit China with new tariffs as retaliation for tariffs China slapped on U.S. goods. The escalating trade war has Wall Street worried. Weijia Jiang reports and yours truly makes an appearance!
Americans saw a big chunk of their stock market savings disappear on Wednesday over fears of an economic recession. The Dow fell 800 points, more than 3%, in the biggest drop of the year. Don Dahler reports and I make an appearance!
The trade battle between the U.S. and China is rocking stock markets around the world. Major indexes lost nearly 3% or more on Monday and the Treasury Department is now labeling China as a currency manipulator. I joined CBS This Morning with more on what that means for your money.
President Trump is doubling down on his threat to impose new trade tariffs on Mexico. On Sunday, he tweeted "the problem is that Mexico is an abuser of the United States, taking but never giving." Last week, the president announced an initial five percent tariff on all imports from Mexico, if the country does not stop illegal immigration to the U.S. The first round of tariffs is due to take effect June 10. I joined CBS This Morning to discuss how this could affect American consumers and businesses.
A surprise move by the president to impose tariffs on Mexico could impact billions of dollars of goods. The auto industry would take the biggest hit. Weijia Jiang reports and I make an appearance.
The stock market plunged amid an escalating trade war between the U.S. and China, but will American consumers be impacted the most? I discussed on the CBS Evening News.
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!
As the partial government shutdown enters day 33, I joined CBS This Morning to discuss the economics of the shutdown. The stalemate over President Trump's border wall funding means 800,000 federal workers will miss their second paycheck on Friday.
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Apple stunned investors with a rare warning that revenue from its first quarter will not meet expectations. In part the company blames slower iPhone sales in China. CEO Tim Cook says a weaker Chinese economy and trade tensions with the U.S. are hurting Apple. What it means for the global economy. I discussed on CBS This Morning.
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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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Efforts to overhaul the NAFTA free trade agreement are entering a critical new phase. President Trump and his outgoing Mexican counterpart announced a preliminary deal to replace the trade agreement for three North American countries. Stocks hit record highs, even though Mr. Trump threatened to place tariffs on Canadian-made cars if Canada does not reach a deal. I joined CBS This Morning to break down the deal and discuss the possible impact.
The government released its gross domestic product report for the second quarter. It showed the U.S. economy grew 4.1 percent from April through June. That's the best showing since 2014. I joined CBS This Morning to discuss the report.
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The Trump administration is preparing tariffs on another $200 billion in Chinese imports. The latest round could impact the price of everything from seafood to shampoo. I explain what that means for consumers on the CBS Evening News.
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