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Just two days before the U.S. was set to impose another round of tariffs on China, the world’s two largest economies agreed upon a partial deal.
What Recession?
Mixed Jobs Report Bolsters Fed Rate Cut Case
Trump’s Growing Enemies List
Stocks Plunge, What You Should Be Doing
Americans saw a big chunk of their stock market savings disappear on Wednesday over fears of an economic recession. During a week like this, what should you be doing? What shouldn't you be doing? That's what this quick episode is all about. Keep calm and carry on!
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CBS This Morning: Recession Fears
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!
CBS This Morning: Stocks Plunge Amid Trade War
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.
Trump Turns Up Heat on Trade War
A day after Fed Chair Jerome Powell said that trade policy tensions had been reduced to a simmer, President Trump ratcheted up the heat to what cooks might call a “slow boil.” Last Thursday, Trump tweeted that as of September 1, the U.S. would impose a 10 percent tariff on the remaining $300 billion worth of Chinese goods imported into the U.S.
Inside the Fed’s Head
Amid renewed Presidential criticism and evidence of a slowing economy, Fed officials will convene a two-day policy meeting this week and the pressure is on. As always, central bankers have to balance maintaining a strong enough economy to foster job growth, but it can’t run too hot, which might trigger inflation. Right now, there’s a battle brewing inside the collective Fed’s Head between action and inaction.
Trump Picks Fight with Mexico
On Thursday night, President Trump reignited the trade conflict with Mexico. You may be thinking, “Wait, didn’t he repeal the steel and aluminum tariffs two weeks ago, and didn’t the White House just submit to Congress the revised NAFTA deal, now known as the United States-Mexico-Canada Agreement, or USMCA?