John Petrides from Point View Wealth Management discusses the recent stock market slump and explores whether President Trump's first State of the Union speech will have an impact.
Petrides says the sell-off is the result of four things: Apple cutting iPhone X estimates, the U.S. 10 year climbing to 2.7%, Goldman Sachs warning of a 10-20% correction in the next couple of months, and the end of Janet Yellen's reign as Fed Chair.
Petrides believes Trump's economic message in the State of the Union was consistent. However, he isn't sure if the president's infrastructure bill will ever come to pass.
Conditions have been mostly nice for travelers flying ahead of and on Christmas Day, but some naughty disruptions plagued those flying with Southwest Airlines again this year.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Lionsgate announced its studio division is going to spin off in a merger with Screaming Eagle Acquisition Corp., which is a special purpose acquisition company.
