Joe Brusuelas, chief economist at RSM, said that his rcession-probability model is showing a 20 percent chance of an economic downturn this year, but that investors should expect a recession in 2020 or '21, noting that while it should be a 'garden-variety recession,' the situation with the Fed could make any meltdown much worse. Also, economist Edward Goldberg of NYU said that American and China are coming to a truce -- and not a win or a loss -- in the trade wars, Tom Lydon looked at an emerging-markets ETF as his 'ETF of the Week,' and Chuck answered an question from an audience member.
Money Life with Chuck Jaffe