The stock market seems to bounce back slightly following the biggest one-day drop ever recorded for the Dow and S&P 500. But markets remain volatile, causing many to speculate about what's behind the big ups and downs. Tom Essaye, founder and editor of The Seven's Report, says the fundamentals of the U.S. economy are strong and people shouldn't panic just yet. The Falcon Heavy is finally scheduled to launch today. SpaceX will launch the rocket from Kennedy Space Center and attempt to land all three boosters. The rocket is carrying CEO Elon Musk's original Tesla Roadster. Musk says the rocket is the most powerful one in operation. Lululemon's CEO is resigning. The company says Laurent Potdevin violated company's standards, though it was not immediately clear what standards he failed to comply with. Potdevin has been CEO since 2014. The company is now conducting a search for a new leader. Plus, it's our weekly trading show, The Long and the Short. We discuss what to expect when Snap, Tesla, and Disney report quarterly earnings this week. And we also talk about whether the upcoming Valentine's Day holiday can help turn things around for 1-800-Flowers.

Share:
More In Business
SAG-AFTRA Members Officially on Strike
Members of the Screen Actors Guild - American Federation of Television and Radio Artists union officially went on strike Friday after negotiations broke down with the Alliance of Motion Picture and Television Producers. Cheddar News explains.
The Importance of Timely Loan Repayment 
With so much information floating around about student loans, and an uncertain federal plan to forgive a significant amount of debt, Cheddar News brought in an expert to help you sort through what's going on. 
Getting Down to Business With the Cast of RHONY
The latest season of the Real Housewives of New York City premiered this week, and Cheddar's own Michelle Castillo got a chance to catch up with the ladies and get some of their tips on how to stretch your dollar in the Big Apple.  
How to Live Comfortably in Your City 
Now if you live in a major city and feel like no matter how much money you make it's never enough, you're not alone. Jacqueline Schadeck of New Perspectives Financial is here to show us how you can live within your means and still live comfortably.
All Buybuy Baby Stores Are Set to Close 
The ongoing liquidation of parent company Bed Bath & Beyond has now officially affected buybuy BABY stores. A judge has approved the sale of the chain's intellectual property for $15.5 million. 
Load More