5.13.19 Tariffs and plunging stocks; Chobani pays off school lunch debt; Consumers can now sue Apple
The Clark Howard Podcast
Clark Howard
4.6 • 5.2K Ratings
🗓️ 13 May 2019
⏱️ 35 minutes
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| 0:00.0 | I'm so glad you're with us here today on the Clark Howard Show where it's all about |
| 0:10.8 | you and that quality yours. |
| 0:12.4 | I want you to learn ideas to me so you can keep more of what you make. |
| 0:17.7 | Coming up later in today's Clark Rage's moment, I have an update for you on a Clark Rage |
| 0:23.2 | last week about kids and their food. |
| 0:27.8 | And coming up yet later, the US Supreme Court just a while ago rendered a decision against |
| 0:35.8 | Apple on price fixing and antitrust grounds. |
| 0:40.8 | I'm going to tell you how it affects you if you use Apple products, particularly iPhones, |
| 0:47.9 | what it's going to mean to your wallet moving forward. |
| 0:51.7 | So speaking of your wallet, the US and China have been embarked on conversations about |
| 1:00.2 | how to handle trade for a long time now. |
| 1:05.0 | And it looked just weeks ago like the US and China were close to a new trade agreement. |
| 1:13.2 | And that flamed out and now the division seemed to be increasing between us and the Chinese. |
| 1:21.2 | So we now have imposed new tariffs on a bunch of Chinese goods. |
| 1:29.0 | They then have retaliated and imposed new tariffs on a bunch of our goods. |
| 1:34.8 | And the US stock market and stock markets overseas have not liked this at all. |
| 1:42.3 | And it's led to significant declines in share prices. |
| 1:47.2 | And it looks like we're going to see a meaningful decline in the value of people's 401Ks and |
| 1:55.9 | things like that. |
| 1:57.0 | But that is temporary. |
| 1:59.9 | Ultimately, the value of the money that you have put aside in an IRA or 401K or an investment |
| 2:07.0 | account or anything like that will be determined by how much money or lack of money companies |
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