Another White House shake-up. President Trump's top economic advisory Gary Cohn said Tuesday that he would be leaving the White House in the coming weeks. His departure comes on the heels of the President's announcement that he would impose tariffs on steel and aluminum imports. Chad Morganlander, Portfolio Manager at Washington Crossing Advisors joins Your Cheddar to give his predictions on the market amidst the White House departure.
Dow futures were down more than 250 points and Morganlander believes we'll see downward pressure the rest of the trading day based on uncertainty. He believes that the worst case scenario would be if the European Union puts tariffs on our goods, especially auto and technology.
New York Attorney General Letitia James announced a lawsuit against PepsiCo Inc. on Wednesday, accusing the soda-and-snack food giant of polluting the environment and endangering public health after its single-use plastics were found along the Buffalo River.
Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.
Microsoft is partnering with Warner Brothers for the film Wonka to release a limited edition Xbox series X that looks like one of Willy Wonka's famous chocolate bars.
Google CEO Sundar Pichai was back in court Tuesday to testify in an antitrust trial that accuses the company of running an illegal monopoly on its Android apps.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
