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Not everyone cheers low oil prices, but FOX Business Network Stuart Varney and Money Morning Chief Investment Strategist Keith Fitz-Gerald agree that cheap gasoline is a shot in the arm for the consumer.
The question is whether American consumers will spend the money they save. Keith offers his take in the following clip from his visit to "Varney & Co." today.
Also, Uber's Travis Kalanick has resigned as CEO, giving in to investor demands. Uber has been a major disruptive force since its launch in 2010. The on-demand car service operates in 570 cities across the world. Now bogged down with controversy and lawsuits, and without a leader, what's next for Uber and the ride-sharing market at large?
Keith also offers his insight on Wednesday's slight market dip.
Editor's Note: "Must-have" companies backed by Unstoppable Trends are a cornerstone of Keith's wealth-building strategy. But there's another type of investment he wants Money Morning Members to know about. It's one of his favorites, a kind of "desert island fund" he'd buy if he had to park his money in one place, "retire" from civilization for 20 years, and come back to a pile of money. Click here to learn more…