*By Madison Alworth*
The Dow Industrials marked two down days since latest round of tariffs against China kicked in. But analyst Art Hogan still remains confident in the market.
"The fact that this market is okay with the fact that we took $200 billion worth of goods from China, put tariffs on those, and are threatening another $267 billion, and we haven't really sold off ー I think that shows a resilient market," Hogan, a chief market strategist for B. Riley FBR, said Tuesday in an interview on Cheddar.
For Hogan, the market has reacted more to the news of tariffs, less so to the actual tariffs themselves. In a [report](https://brileyfbr.bluematrix.com/sellside/EmailDocViewer?encrypt=96a29f78-9d57-478d-bc2c-c536c8515f45&mime=pdf&co=fbr&id=lhatton@brileyfbr.com&source=libraryView) published by B. Riley FBR, Hogan and his colleagues said, "Negative rumors solicit most reaction from market...as trade news becomes stale or static as time passes, the impact is recovered."
But over $200 billion is no joke. And the rate is set to increase from 10 percent to 25 percent at the end of the year ー unless, that is, Trump meets China at the table again.
"We are hoping what we get is some sort of rational thought process that gets us back to the negotiation table. I think that happens around November, around the G20 Summit ー choreographed for the election cycle, choreographed for the midterms," Hogan said.
In Hogan's estimation, the markets can withstand the latest tensions. And he warns against taking any market too seriously, trade dispute or not.
"The bark is worse than the bite."
For full interview [click here](https://cheddar.com/videos/the-fate-of-the-trade-wars-and-how-consumers-will-be-impacted).
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
