*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).
UPS is gearing up for a mass hiring event that could help a critical labor shortage affecting the U.S. across all industries. Jon Bowers, human resources director with UPS, joined Cheddar News to discuss the company's job fair known as 'Brown Friday,' which is slated to take place Nov. 3 and Nov. 4, ahead of the holiday season.
A Missouri jury found the National Association of Realtors and other brokerages liable for nearly $1.8 billion in damages on Tuesday. The jury found the parties conspired to keep commissions for home sales artificially high and the lawsuit looked at sales that took place between April of 2015 through June of 2022.
The country’s largest Christian university is being fined $37.7 million by the federal government amid accusations that it misled students about the cost of its graduate programs.
