D.R. on Varney & Co.: Turkish Currency Crisis Rattled the Markets- But Not for Long

While it’s easy to underestimate the power of emerging markets, they have a much greater influence on the established markets than you may expect. On Monday, Turkey’s currency took yet another nosedive, roughly 11% against the dollar, and this shook the U.S. markets and other major markets around the world. And that’s on top of a 20% plummet from last week. Much of the issue stems from a clash between Trump and the President of Turkey, Erdogan. On Friday, Trump gave the green light to double steel and aluminum tariffs on Turkey, signaling that relations between the two countries are not good. Nevertheless, on this episode of Varney and Co., Stuart Varney shares a barometer for Turkish investment that’s up 6 percent today. D.R weighs in on whether this momentum will last and cease to affect the U.S. markets. Click here to watch

D.R. on Making Money: Tech Stocks Slump-Here’s What to Do

Tech stocks, especially FANGMA, have been down recently. While the Nasdaq has recently hit record highs, lately there has been no clear leadership among tech companies in the markets. Netflix, for example, got slammed. It was down after their subscriber growth report was weaker than expected. Analysts that were polled had predicted gains of 1.23 million, nearly double the actual gains of 670,000 that Netflix reported. In the past couple days, tech stocks have rebounded slightly from their lull, but it still begs the question… Can the markets continue to rally without strong leadership from tech? In this episode of Making Money with Charles Payne, D.R. gives his opinion on Netflix and whether it’s a red flag that so few tech stocks are currently leading the way. Click here to watch