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.
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New research shows that more than half of American adults are living paycheck to paycheck.
Mercedes-Benz unveiled new concept electric vehicles.
Elon Musk is considering filing a lawsuit against the Anti-Defamation League, blaming them for lost advertising revenue and amid accusations of being anti-Semitic.
Stocks opened Tuesday's session lower after data in China showed slow growth in services activity.
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Tesla has revealed its updated Model 3.
Ford is recalling 169,000 vehicles to replace rearview cameras.
Robinhood said it would buy back shares from disgraced former FTX head Sam Bankman-Fried.
Walgreens said its CEO Rosalind Brewer has stepped down and appointed an interim CEO while a search for a replacement is underway.
