Stocks under pressure after Trump doubles down on Chinese tariffs

Stocks (^DJI^GSPC, ^IXIC) are mixed midday after Trump reportedly eyes $60 billion in tariffs on China. The utilities (XLU) sector is most in the green, and the consumer staples (XLP) sector is most in the red. Alan Valdes of Silverbear Capital joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith is joined by Yahoo Finance Editor-in-Chief Andy Serwer, Brittany Jones-Cooper and Dan Roberts.

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