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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.
CBS Evening News: Recession Fears Grow
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.
CBS Evening News: Dow Falls 3,000 Points
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.
CBS Evening News: Dow Recovers After Brutal Week
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.
CBS This Morning: Conserve Cash Amid Panic
In a recent survey, 53% of Americans said they do not have emergency funds to cover a significant amount of time without a paycheck. Although President Trump has proposed a payroll tax cut to ease the burden, one finance expert says that won't help people who are most struggling from the coronavirus shutdowns, hourly employees. I joined CBS This Morning to talk about the economic effects of the ongoing public health crisis.
CBS Evening News: Meltdown on Wall Street
The Dow plummeted nearly 10%, leaving investors fearing that the government has not done enough to help the economy amid the coronavirus pandemic.
CBS This Morning: Coronavirus Fear and Uncertainty
The stock market appears to have recovered slightly from Monday’s historic coronavirus-related losses. The DOW Jones industrial average saw its largest single-day point drop in history, with the biggest percentage-wise selloff since the 2008 economic crisis. I joined CBS This Morning to share advice about what the numbers could mean for personal investors.
CBS This Morning: Oil Market Crash
Another day of big losses on Wall Street, after oil markets plunged overnight. Markets in Australia, Japan and parts of Europe are down more than 5%, adding to the economic uncertainty blamed on the coronavirus. I joined CBS This Morning to explain what's going on amid the spread of coronavirus.
CBS This Morning: Coronavirus Economic Impact
Coronavirus quarantines in China have had a significant impact on the global economy. In Los Angeles, where 40% of all shipped imports enter the country at the U.S.’s largest port, traffic is slowing down and affecting job earnings as factory shutdowns are taking a toll on the supply chain. Everything from the automotive industry to the toy industry are taking a hit. I joined CBS This Morning to explain how U.S. consumers could feel the economic impact of the coronavirus.
CBS This Morning: Coronavirus Economic Impact
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.