Trump

CBS Evening News: Dow Drops 500 Points

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.

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!

Solid Jobs Report Justifies Powell’s Case

Solid Jobs Report Justifies Powell’s Case

The government reported that the economy added a better than expected 263,000 jobs in April. It was the 103rd straight month of job growth, the longest streak on record. Nearly ten years into the expansion, job creation is 205,000 for the first four months of 2019, just above the monthly amount added since the labor market bottomed out in 2010.

CBS This Morning: Economic Impact of Government Shutdown

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.

Have a money question? Email me here.

CBS This Morning: Apple Anxiety

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.

Have a money question? Email me here.

Shutdown V3.0 Ushers in NASDAQ Bear

Shutdown V3.0 Ushers in NASDAQ Bear

Welcome to the third government shutdown of 2018! Did you forget about the first two? In January, there was a three-day closure, and then in February, there was the one-day sequel. In both of those instances, investors shrugged off the news and stocks actually edged up during those days-long shutdowns.

Did Tariff Man or Yield Curve Tank Stocks?

Did Tariff Man or Yield Curve Tank Stocks?

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.