*By Michael Teich*
Investors may be concerned that current trade tensions will escalate into a full-blown trade war, but such fears could be overblown, said JPMorgan global market strategist Alex Dryden.
“It’s not as bad as it seems,” he said in an interview with Cheddar Wednesday. “Cooler heads will prevail.”
The Dow Industrials marked a 7-day losing streak Wednesday, the longest losing stretch the index has seen since March 2017. While the threat of a potential trade war has been lingering for weeks on Wall Street, it was most recently ignited when President Donald Trump said he was considering taxing an additional $200 billion worth of Chinese goods.
Dryden said the U.S.’s end game is to open up the Chinese economy, but if the U.S. does ultimately find itself in a trade war, “the consumer is the end loser,” said Dryden.
“It drives up inflation and drives up prices.”
For the full interview, [click here](https://cheddar.com/videos/stocks-stabilize-as-u-s-china-tensions-persist).
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
Seth Schachner, Managing Director at Strat Americas, on Hollywood's latest blockbusters utilizing content creation. Plus, the future of YouTube and TikTok.
Ashley Gold, Axios' Tech/Policy reporter, discusses what the future of Google and search engines will look like after the tech giant faces an antitrust trial.
A labor rights group has alleged that Starbucks sourced coffee from a major Brazilian cooperative whose member farms were cited for keeping workers in slave-like conditions.
X, the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates.
