Chautauqua's Beitner: Trade wars could cause a technical recession

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for international investing -- especially in China -- remains strong, despite the dangers. Also on the show, Peter Lang and Michael Sheldon of HighTower Advisors revisit a classic and discuss active versus passive management styles, Ted Rossman of CreditCards.com covers a recent survey on which type of rewards consumers prefer, and Leah Bennett of Westwood Wealth Group talks stocks in the Market Call.