CNN Money reporter Cristina Alesci on Wednesday said there were many reasons for Americans to worry about a coming recession — and not just the inverted Treasury bond yield curve that has sent stock markets plunging.
During an interview with CNN’s Poppy Harlow, Alesci broke down what it means when the yield curve inverts and why it is not the only signal that a recession could be on its way.
“Usually when you have an inverted yield curve that is proceeded by a recession,” she explained. “We are in an abnormal environment, so no one really knows where we’re going to go from here. But here’s the thing: Warning signs of a recession are flashing everywhere. Investors were really optimistic and perhaps saw the delay in tariffs as a sign Trump wanted to get a deal done with China before the election. This morning, I called it: They’re waking up and realizing maybe not, maybe he’s going to drag this through the election.”
Financial Times editor Rana Foroohar then chimed in to say that it may still take investors a while to fully realize that there won’t be a trade deal done with China within the next year at least.
“You’re going to see the president, particularly in the runup to 2020, trying to smooth things over, keep the market up,” she said. “I think the market is not buying this anymore. I think we’re seeing a lot of jitters and it’s going to be a downward trend.”
Watch the video below.
NYC public advocate confronts defender of Eric Garner’s killer: ‘Stop pretending black folks aren’t human’
Former New York City Public Advocate Jumaane Williams and former FBI special agent James Gagliano debated the firing of Daniel Pantaleo, an NYPD officer who caused the death of Eric Garner.
Gagliano called the firing a "glaring miscarriage of justice."
"I look at it from the perspective of the law," Gagliano opined. "It's easy to watch the video and feel passion for the [Garner] family. We've had his wife on here, we've had his mother on here, we've had his children on here."
Gagliano insisted that he is not an "unabashed police shill." He said that basing the firing on the video of Garner's death is "unfair to the officer."
‘Not true at all’: CNN’s fact-checker says even the professor Trump cited on Google election fraud says president is lying
On Monday's edition of CNN's "Cuomo Prime Time," fact-checker Daniel Dale told host Chris Cuomo that not only is President Donald Trump's claim that Google threw over 2.6 million votes to Hillary Clinton a lie, the professor he's citing, Robert Epstein, has repudiated Trump's interpretation of it.
"It's not true at all," said Dale. "I spoke to the author of this study ... There are various questions about the quality of the study, but even the study's author says that the president didn't describe the study correctly. What the study's author says is he has no evidence that anything was manipulated, search results or votes themselves. What he says, and this is disputed, is that Google's search results showed bias during the 2016 election."
CNN’s Anderson Cooper demolishes Trump’s Google/Clinton conspiracy theory: He’s on ‘one of his favorite hobby horses’
On Monday, CNN's Anderson Cooper walked viewers through President Donald Trump's latest theory about Google committing voter fraud on behalf of Democrats.
"I want to play you this clip from yesterday, because of how well it shows where his head still seems to be nearly three years after election night," said Cooper. "It was in response to a question about banning high-capacity magazines. First, he quickly changed the subject to mental health, and then, well, take a look."
"The concept of mental institution has to be looked at," said Trump in the clip. "Unrelated to that, I believe that the concept also of voter identification has to be looked at because you can't have great security for the voter. People that vote, you can't have that national security unless you can have voter identification. It's something people have to look at very strongly."