The Dow Jones jumped 200 points, after a two-day sell-off before falling again on Wednesday. Eric Wiegand, Senior Portfolio Manager at U.S. Bank Private Wealth Management explains the factors driving the market this week. Rep. Trey Gowdy (R-SC) announced Wednesday he will not seek reelection. Rep. Trey Gowdy (R-SC) announced Wednesday he will not seek reelection. The decision comes one day after President Trump's first State of the Union. Republican political strategist Rick Wilson explains what this means for the Republican party, and shares his top moments from the SOTU. There's a spotlight on Facebook as the social media giant reports earnings Wednesday. The company faces increasing scrutiny over fake news on its platform. Flipboard CEO Mike McCue explains the lessons he thinks Facebook needs to learn from journalism. Bitcoin could face its worst monthly decline in January. Entrepreneur and original "Shark" Kevin Harrington shares his outlook for cryptocurrency, and how he thinks it could transform retail.

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Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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