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Podcast: Balance of Power
Episode: Economic Angst Hits Wall Street
Description: Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Economic angst enveloped every corner of Wall Street as US-China trade tensions escalate, sparking a plunge in stocks, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system.A day after the biggest stock-buying wave in years, assets tied to the economic cycle are sinking again, with President Donald Trump’s mollifying message on trade talks providing little relief. Investors are rushing to game out how the effective freezing of Chinese trade will impact corporate earnings an...