Will Auto Stocks Crash & Burn Due to Trump's Steel & Aluminum Tariff?

News of Trump's planned tariffs on steel and aluminum sent auto stocks sliding. Patrick Sanders, Assistant Managing Editor for Investing at U.S. News & World Report, was with us to give us his outlook for the sector. Sanders said investors aren't overreacting because it isn't clear what will happen. Investors are being smart by being cautious, he added. Sanders is not surprised to see shares of automakers trading lower, because their costs will spike with the new tariffs. Sanders breaks down winners and losers of the tariff. He stressed that Bank of America already downgraded U.S. Steel. Eventually the tariff will hurt steel stocks and it would be a mistake to assume they will go up, he said.

More In Business

Courtside Serve: Emirates Unveils Refurbished Suites on US Open Final

Emirates connects the world through Dubai, operating modern aircraft and offering award-winning services with a diverse workforce across six continents.

Stocks Surge as Fed Soft Landing Sparks Retail Investor Seismic Shift

Stocks hit record highs as inflation and interest rates fall, suggesting a soft landing for the Fed. However, low consumer confidence raises concerns.

Big Business This Week: Turbulence for Boeing, Elon, Visa, Shipping

But in general things are going good!

How Build In Tulsa Is Helping Its City’s Entrepreneurs Thrive

Desiree Freison, Build In Tulsa’s Director of Programming, talks about helping the city's business ecosystem. Sponsored by Build In Tulsa

Build In Tulsa’s Impact on Women in Business

CEO of Amplify for Women Carlisha Williams Bradley talks about her experience with Build In Tulsa’s W.E. Build program. Sponsored by Build In Tulsa

Why Tulsa, Oklahoma Might be the Next Big City

Ashli Sims, Managing Director of Build In Tulsa, discusses how the organization is creating an equitable economy in Tulsa. Sponsored by Build In Tulsa

Disneyland’s Iconic It’s a Small World Ride Is Closing for Months

Disneyland announced that one of its long-standing fan-favorite rides will undergo two lengthy closures in the coming months.

Is Caroline Ellison's Sentencing the End of the FTX Scandal?

Oliver Linch, CEO of Bittrex Global, joins Cheddar to breakdown what happened to Caroline Ellison and discusses the future of cryptocurrency. Watch!

Rapper Common Partners with T-Mobile to Bridge the Digital Divide

PLUS: The Oscar, Grammy, and Emmy winner shares the lyric that inspired him most.

Was There a Palace Coup at the Magic Kingdom? Inside the Bob Iger, Bob Chapek Shake-up

James Stewart joins Cheddar to discuss his New York Times article on what really went on behind-the-scenes at Disney when Bob Iger took back his spot as CEO.

Load More