The News with Rick Sanchez - December 06, 2018 (20:00 ET)
Rick Sanchez explains why market’s gone wild
The Dow Jones plunged 785 points on Friday but recovered all but nearly 80 points by the closing bell. Uncertainty over the future of US trade with China continue to fuel market volatility, and the arrest of a Chinese tech mogul at the behest of US authorities made traders as anxious as ever. The Federal Reserve is likely to raise interest rates to combat unsustainable market growth, but not everyone is behind the idea. Rick Sanchez explains.
Chinese arrest will spark more Wall Street decline
The already volatile stock markets were further spooked by the arrest of a Chinese tech mogul in Canada at the behest of the US government. Will markets continue to plunge and, if so, how low? Peter Schiff, CEO of Euro Pacific Capital, joins Rick Sanchez to share his insights and expertise