Eurasia Group's Ian Bremmer on Coronavirus & His Global Outlook
Eurasia Group President Ian Bremmer shares his global outlook, COVID-19 analysis, and advice to investors. He also weighs in on Saudi Arabia, Russia and oil markets.
Trump Vows to Back Airlines 100%
Airlines are being hit especially hard, but Trump says he will back the airlines 100%. The President also said that Coronavirus could last as long as August. His briefing at the White House failed to calm markets. Stocks fell even further at the close, having their worst day since the crash of 1987.
Trump Pushes for Payroll Tax Cut
As the White House weighs fiscal help in the form of a payroll tax cut, President Trump is lashing out against the Fed for its monetary policy. Meanwhile, some people on Wall Street are wondering about the effectiveness of emergency stimulus. As economist Mohamed El-Erian put it on LinkedIn "Yes, they can help household and corporate balance sheets. But, as an example, will you go on a cruise because you are now getting a tax credit and a cheaper loan?"
Biden's Super Tuesday Victories Boost Stocks
Super Tuesday results are giving markets a boost. Stocks turned higher as moderate candidate Joe Biden reemerged as the frontrunner in the Democratic presidential primary. Ed Yardeni, President of Yardeni research tells Asset TV that the market moves we've been seeing suggest "domestic US politics may matter as much as the global health crisis to investors."
What's Inside Trump's $4.8 Trillion Fiscal Budget for 2021
The White House just proposed its 2021 fiscal budget. The pricetag for President Trump's spending plan comes to $4.8 Trillion. In his letter to Congress, he lays out 5 key priorities: negotiating better trade deals, cutting down on regulation, combatting the deadly opioid crisis, strengthening the military, and energy independence.
The U.S. China Trade Deal "Paradox"
Eighteen months into the Trade War, The U.S. and China just signed a phase one deal at the White House. President Trump called it a "momentous step" and China agreed to buy an additional $200 billion of U.S. goods over the next two years. Still, tariffs remain on the table and it's only a partial agreement between the world's two largest economies. Invesco Chief Global Market Strategist Kristina Hooper tells Asset TV this trade deal is a bit of a paradox - both inconsequential yet extremely important.
Kevin O'Leary Says Avoid This Common Mistake
Shark Tank star and O'Shares ETFs Chairman Kevin O'Leary weighs in on the China Trade War, the 2020 election, and international opportunities. Mr. Wonderful also shares his investment recommendations for the new year, reveals Vladamir Putin's watch, and warns consumers to avoid one common mistake.
Fed's Final Rate Decision of 2019
All eyes are on the Federal Reserve once again. The central bank is wrapping up its final meeting of 2019 by leaving rates unchanged, which is what markets had been largely expecting. It's also what the Fed suggested it was going to do at its prior meeting back in October when it signaled a pause.
Casualties of the Trade War
Brian Smedley, Head of the Macroeconomic and Investment Research Group, shares insights on the impact trade policy has on U.S. and global economic growth potential. Read Global CIO Outlook: The Fed's Sugar High
Wall Street Weighs in on China Trade Deal
Wall Street is taking a closer look at the latest round of trade negotiations. Stocks saw quite a rally when the U.S. announced the first phase of a trade deal with China, but some of that optimism is fading. We discuss new notes from several of Wall Street's top strategists.
Tariffs Could Drag Semi Sector Lower
Earnings forecasts for the semiconductor and equipment sector have been hit by tariff concerns. Sectors that are sensitive to tariffs are projected to issue weaker profits.
US Trade Blacklist Hits Chipmakers
The US Commerce Department added 28 Chinese companies and public security bureaus on its blacklist. The action prevents firm from purchasing components from American firms without government approval.