The Senate's $2 trillion coronavirus relief package is expected to pass sometime Wednesday before being sent to the House. The historic bill is designed to help workers and businesses affected by the damage the coronavirus pandemic is causing the economy, including people who have already lost their jobs as a result. I joined CBS This Morning to talk about what that means for you.
As the global economy enters an unprecedented shutdown during the coronavirus outbreak, I talked with Nobel Prize-winning economics expert Joseph Stiglitz; Michael Goodman, president of the investment management firm Wealthstream Advisors; and Jake Dell, owner of New York City's venerable Katz's Delicatessen, about weathering the economic storm. I also spoke with improv actor Ed Herbstman, whose Magnet Theater, shuttered by the pandemic, is now being forced to improvise.
In this video I chat with Nobel Prize-winning Columbia University professor Joseph Stiglitz about how efficiencies in our economy, aimed at increasing short-term profit, have made us more vulnerable in the crisis we face today with the COVID-19 pandemic.
The COVID-19 pandemic has created tremendous economic uncertainty. In this video I talk with Michael Goodman, president of the investment management firm Wealthstream Advisors, about how people should strategize when considering dipping into their retirement savings.
The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. I joined CBS This Morning: Saturday to break down the latest financial information.
Nationally, unemployment claims are skyrocketing. The federal government is trying to put a band-aid on the financial bleeding, working to send out stimulus checks of $1,000 per adult and $500 per child.
The New York Stock Exchange will temporarily close its famous trading floor on Monday after two people tested positive for the coronavirus. Trading is set to resume electronically. On Wednesday, the Dow closed below 20,000, erasing nearly all its gains since President Trump took office. I joined CBS This Morning with reaction to the extreme economic uncertainty.
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.
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.
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.
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.
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.
The Dow plummeted nearly 10%, leaving investors fearing that the government has not done enough to help the economy amid the coronavirus pandemic.
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.
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.
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.
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.
In just the first week of this tax season, the IRS says it has processed nearly 13 million returns and issued nearly 4.3 million refunds. The filing deadline is April 15. I joined CBS This Morning with what you need to know before filing your taxes.