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Trump's impact on stocks

Monday, February 29, 2016 - 01:14

The Republican presidential candidate's commanding lead in the polls adds another concern to a market already struggling with oil prices, China, and global growth concerns. Fred Katayama reports.

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Donald Trump boasts a commanding lead in the polls ahead of Super Tuesday. This has added one more concern to an already nervous Wall Street. Some strategists and investors say the Republican maverick's unpredictability makes him bad for stocks. IHT Wealth Management president Steve Dudash: (SOUNDBITE) STEVE DUDASH, PRESIDENT, IHT WEALTH MANAGEMENT (ENGLISH) SAYING: "You have no idea what he's going to say, what his real opinions or points are on these things. Yes, he's from the business world but a very opaque part of the business world. Anytime you add unknowns to the market or to investors, it scares people." Making the Street shiver most: his trade stance. He threatens to slap tariffs on China, and other trading partners in his call for fair trade. KBW's director for Washington policy research Brian Gardner: (AUDIO SOUNDBITE OVER GRAPHIC) BRIAN GARDNER, DIRECTOR FOR WASHINGTON POLICY RESEARCH, KEEFE, BRUYETTE WOODS (ENGLISH) SAYING: "The trade comments are probably the most worrisome for the Street. Two fold: one is just the general fear of going into a trade war and what that means not just for the U.S. economy but for the global economic system." Gardner says the most vulnerable sectors from any actions on trade include consumer and retail.

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Trump's impact on stocks

Monday, February 29, 2016 - 01:14