Rob Black’s Winners and Losers: Twitter stock plunges 19%


SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Twitter stocks plunging, the stock market and Hurricane Matthew.

Twitter stock plunged 19 percent following reports that Google and Disney would not pursue a formal bid for the social network.

The average American household has become much more exposed to the stock market. This level of equity exposure — similar to where the markets peaked prior to the financial crisis — is now roughly 50 percent higher than the 60-year average of 30 percent.

Hurricane Matthew’s immediate effect on fuel markets is expected to be limited, but gasoline prices could whipsaw in the coming weeks as the storm causes gyrations in supply and demand in the Southeast. Hurricane activity can have a mixed impact on supply and demand; while supply disruptions can be a bullish influence, the dent to demand caused by inclement weather can serve to offset this.

Rob Black answers the question: How do you get financial aid for college?

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