Mottek On Money (August 24th, 2019)

Mottek On Money
Saturday, August 24th
Rising trade tensions between the U.S. and China spook the financial markets. The Dow wraps up the week with a 623 point closing loss. China announces new trade sanctions on U.S. imports and President Trump responds by raising existing tariffs on $250 billion in Chinese goods to 30% from 25%, and new tariffs on another $300 billion of imports would be 15% instead of 10%. The president criticizes the Fed after the latest speech by Fed Chair Jerome Powell. Extended market coverage with guests including Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Ben Stein, financial commentator, author, economist, Mark Hulbert, Marketwatch Columnist, Publisher, Hulbert Digest, Peter Schiff, President, Euro Pacific Capital.