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!
There are new fears of a recession, and Wall Street took a hit Wednesday. What should you be doing with your money? I joined the CBS Evening News to discuss.
The latest jobs report shows employers added 263,000 jobs in April. The unemployment rate fell to the lowest rate in half a century. Mola Lenghi reports on the CBS Evening News, and yours truly makes a guest appearance!
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The CBS News battleground tracker poll finds an overwhelming majority of Americans are optimistic about the economy, with 76 percent of voters rating it as "very" or "somewhat" good. I joined CBS This Morning to discuss why some economists say U.S. growth could "cool" next year.
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Efforts to overhaul the NAFTA free trade agreement are entering a critical new phase. President Trump and his outgoing Mexican counterpart announced a preliminary deal to replace the trade agreement for three North American countries. Stocks hit record highs, even though Mr. Trump threatened to place tariffs on Canadian-made cars if Canada does not reach a deal. I joined CBS This Morning to break down the deal and discuss the possible impact.
The government released its gross domestic product report for the second quarter. It showed the U.S. economy grew 4.1 percent from April through June. That's the best showing since 2014. I joined CBS This Morning to discuss the report.
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The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point to a range of 1.75 to 2 percent. The Fed also predicts four rate hikes this year after an earlier forecast of three. I joined CBS This Morning to discuss what this means for you.
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The latest jobs report shows the unemployment rate was down to 3.9 percent in April, the lowest level since December 2000. But wages are only up 2.6 percent from a year ago. I joined the CBS Evening News to explain what that means for workers.
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