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

Spout Co-Founders on How They're Changing the Way We Get Water

Spout co-founders, Tyler Breton and Reuben Vollmer, explain how to get clean drinking water effortlessly with their innovation. Watch!

@BoyWithNoJob Has Finally Found a Job and It's Quite Refreshing!

Ben Soffer, aka @boywithnojob, discusses his journey from social media influencer to entrepreneur and why he wanted to enter the competitive drink space. Watch!

Why Trump Is Making Drastic Decisions with Tariffs

StockstoTrade.com Technical Trainer, Tim Bohen, discusses why he thinks Trump is doing what he is doing and how it will affect the market going forward.

Is More Market Volatility Right Around the Corner?

Jacob Sonenshine, Stock Pick Writer at Barron's, unpacks the current state of the markets, Trump's tariffs and if more volatility is on the way. Watch!

The great Easter basket question — to Peep or not Peep

Love them or hate them, marshmallow Peeps are inescapable around the Easter holiday. So: Should you Peep? Or not Peep?

U.S. Bond Market Rattled by Escalating Trade Disputes and Surging Yields

Adam Turnquist, Chief Technical Strategist at LPL Financial, joins Cheddar to break down the current state of the U.S. bond market. Watch!

Will High Rates and Prices Keep People Renting Over Buying?

RedFin's Chen Zhao joins Cheddar to breakdown the current state of the housing market in the United States and what prospective homebuyers need to know. Watch!

Last-Minute Pro Tax Tips to Maximize Your Refund Before the April 15 Deadline

Andy Phillips, VP at The Tax Institute at HR Block, gives his top tips for filing your taxes if you haven't already done so. Watch!

JPMorgan logs Q1 profit of $14.6 billion as CEO warns of uncertainty

JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets.

Big Business This Week: Are tariffs sending ‘the wrong message’?

That's what his former Commerce secretary says in this interview. Plus: IRS audits, TV news ratings, nasty insults, Minecraft, Prada, and the Panama Canal.

Load More