Dow Closes Down More than 300 Points on the Day of the State of the Union
The Dow closed today down more than 300 points. The major dip occurred on the same day as President Trump's first State of the Union address.
Stepehn Massocca is a managing director at Wedbush Equity Management. He joins Cheddar to break down the major dip.
When asked if he expects this dip to continue, Massocca says he thinks it will depend a lot on the fixed income market. That being said, Massocca does not anticipate a continued decline.
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Oil prices are climbing again after Saudi Arabia shut down a critical pipeline that has served as a major alternative route around the Strait of Hormuz.
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Ari Hawkins, Trade Reporter at POLITICO, examines Canada’s retaliation, Trump’s latest trade threats and the potential impact on businesses and consumers.