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Trump's 25% tariffs on imported vehicles and upcoming 25% levies on auto parts are expected to add thousands of dollars to the costs of new cars and trucks.
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The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.
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Zoom out on market history, and even the worst financial calamities look like small bumps in the road.
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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Bonds are back as the stock market plunges, and flows show that actively managed fixed-income funds are in favor with many investors despite higher fees.
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Restaurant stocks, from McDonald's to Chipotle, fell as investors fear a recession is coming.
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Investors may get a better interest rate on certificates of deposit at banks by choosing a long-term CD and paying a withdrawal penalty.
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Federal Reserve Chair Jerome Powell has maintained that politics will not play a role in the FOMC's policy decisions, even as pressure mounts.
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The icnonic steelmaker's pending purchase was earlier blocked by former President Joe Biden.
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Apple has triumphed over an effort from the U.K. government to keep secret details of its appeal against an order to create a "backdoor" to iPhone users' data.
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