J&J Falls on Asbestos Report, Emotions in the Markets, Ohio Governor John Kasich

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Bailey Lipschultz, Bloomberg News Equities Reporter, breaks down Johnson & Johnson’s stock drop in Friday’s trading after a Reuters report said the company knew for decades that asbestos was sometimes present in its baby powder. Tom Stringfellow, Chief Investment Officer at Frost Investment Advisors, explains why headlines determine the mood of investors. John Kasich, Republican Governor of Ohio, says he’s doesn’t know what President Trump is talking about with regard to GM closing a plant in his state. Tom Schoenberg, Bloomberg News Financial Crimes Reporter, talks about his Businessweek story on cryptocurrency ATMs. And we Drive to the Close of Markets with Sam Dunlap, Senior Portfolio Manager at Angel Oak Capital Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan See omnystudio.com/listener for privacy information.

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