Rob Black’s Winners and Losers: Feds to raise interest rates

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 interest rates, oil prices and Lockheed Martin.

Federal Reserve Bank Chairwoman Janet Yellen will hold a news conference Wednesday. You can expect the Federal Reserve to raise interest rates this week, but look for it to shy away from the bigger question looming for financial markets: How does the shock outcome of the presidential election change the economic landscape?

Oil rose by as much as 6.5 percent to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.

Shares of Lockheed Martin, after President-elect Donald Trump called out the defense contractor, saying in tweet that the F-35 stealth fighter program’s cost is “out of control.”

Rob Black answers Marial’s question: What is a good financially themed book for my son?

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