Fitch Ratings CEO Talks Global Outlook for 2018 and Beyond
Paul Taylor, President and CEO of Fitch Ratings, is part of Cheddar and the Museum of American Finance's CEO series, "Why Wall Street Matters."
Taylor discusses the importance of the bond market to global economies, and why they are more appealing for investors over loans. He also weighs in on his forecast for 2018, noting his global outlook is positive overall, adding that it's not until after 2018 that things get tricky.
The Global Outlook for 2017 has already beat Fitch Group's forecast. The company originally anticipated growth of 2.9% but is expected to hit around 3.2%.
Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
