Art Hogan, chief market strategist for B. Riley FBR and Wunderlich Securities, discusses market reaction to President Trump's announcement that he will place tariffs on steel and aluminum imports.
Since the announcement, China and the European Union have responded saying that they will protect themselves in the wake of this announcement, signaling the beginning of a possible trade war. We talk about what this means for inflation and the long-term impact on the markets. The timing of this announcement is less than ideal since markets were already uneasy over concerns of rising interest rates.
A legal expert helps break down why Tesla shareholders are voting on Elon Musk’s historic pay deal – and why betting against Musk usually doesn’t pay off.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
