Dow is Down Around 1,800 Points After Last Two Sessions
Chad Morganlander is a Portfolio Manager at Washington Crossing Advisors. Morganlander joins to discuss what's next for the stock market after the Dow has lost 1800 points over the last two trading sessions.
Morganlander says investors need to keep perspective. When it comes to advice for the average investor, Morganlander does not advise pulling out all of your money. He says you should keep your investments for the companies that do not carry a lot of debt and are trustworthy.
Even though Morganlander said he expected this to happen, the problem is you never know exactly when it is going to happen.
Steve Sosnick, chief strategist with Interactive Brokers, joined Cheddar News to discuss Monday's light trading session ahead of debt ceiling discussions on Tuesday. Sosnick also weighed in on what the Federal Reserve could have in its sight.
General Motors (GM) has submitted a safety recall notification to the National Highway Traffic Safety Administration for 994,763 sports utility vehicles with defective airbag inflators.
Wall Street drifted higher ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by U.S. households.
John Honchariw, CEO and founder of Companion, joined Cheddar News to discuss the first innovative device solely designed to entertain, engage and have fun with your dog all day long. "What we aspire to as a company is to be a supplement to the relationship you have with your dog," he said.
