Rob Black’s Winners and Losers: Bad news for China, oil price surge, social security

SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, financial expect Rob Black and KRON 4’s Mark Danon talk about how China is losing, oil prices are winning and how social security needs to change.

China made Black’s loser list as more bad news comes out of Beijing. Black says now is a good opportunity to get into the market as China ends a horrible month.

Cheap oil prices means cheap gas prices, which is always a win for everyone. Oil prices shot up 28% in only 3 days, one of the biggest surges in 25 years.

A new survey shows that millennials believe they have a better chance at winning the lottery than collecting social security. Black discusses the reality of the situation and what needs to change.

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