Rising Stocks and the Trump Effect
Money Talking
English - March 10, 2017 05:00 - 7 minutes - 3.59 MB - ★★★★ - 87 ratingsBusiness News News Society & Culture new york business money talking wnyc public radio npr charlie Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Is your 401(k) looking great lately? You can thank President Donald Trump.
Wall Street seems unfazed by alleged ties between Russia and the Trump Administration or the president's freewheeling Twitter account — stocks have been steadily rising and breaking records ever since he took office.
Markets are also going strong despite rising interest rates on the horizon and the U.S. government scheduled to hit the debt ceiling next week.
Yet some investors, like unpaid Trump advisor Carl Icahn, are betting the market could drop.
So what's going on?
This week on Money Talking, Rana Foroohar of the Financial Times and Ben White of Politico talk about what’s causing the surge and if Americans should brace for a drop.
Wall Street seems unfazed by the issues that have surfaced in the Trump administration — but even as stocks reach record highs, should Americans brace for a drop?