MOLINE, Illinois- There are rumors President Donald Trump may lift some tariffs against China.
Investment Advisor Mark Grywacheski joined us Monday, January 21 to talk about the rumors during Your Money on Good Morning Quad Cities. Grywacheski says the Chinese economy is taking a beating, and the U.S. economy is expected to slow down as well. He says that's part of the reason why both sides want to come to an agreement, but nothing's official between the two sides as of yet.
We also discussed Sears, the future of the company, and how the government shutdown is impacting economic data. The economic report for December wasn't released Wednesday, January 16. Grywacheski says the evidence from December shows the retail report from the holidays would have been fairly strong.
"The November December retail shopping season was supposed to be one of the strongest in years, but the markets are looking for an affirmation of government data that confirms that strength in the retail industry."
Your Money with Mark airs between 5 and 5:30 a.m. every Monday on Good Morning Quad Cities. To live stream our newscast, click here.