Wall Street has been thrown into turmoil over President Trump's tariffs, cuts to government spending, and shifting foreign policy.
Queens College, Cambridge president Mohamed El-Erian believes there are five things the administration is focused on: tariffs, deregulation, immigration, energy, and fiscal policy. He argues that the markets are adjusting to how those priorities are playing out. "The assumption the market made was that you would get the big bang. Instead, you're getting a sequencing where the negative effects are being felt first, and the positive effects are promised in the future," he tells Yahoo Finance.
Watch the video above to hear the "big question" El-Erian is keeping an eye on when it comes to the Trump administration's actions and the economy.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Stephanie Mikulich.