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.
American companies doing business in China, including Ford and Apple, have closed factories and retail locations in the country due to the coronavirus outbreak. Supply chains, flights and cruises are all being disrupted as the number of new cases exceeds 15,000 in light of new diagnosis methods. I joined CBS This Morning to break down the coronavirus’ global economic impact.
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.
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!
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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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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I joined CBS This Morning: Saturday to discuss what the U.S. has to lose if it gets into a trade war with China and how trade wars often lead to a recession.
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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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President Trump took the first step toward slapping as much as $60 billion in tariffs on products imported from China. That stoked fears on Wall Street, and the Dow lost more than 700 points.
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