On "Grade the Trade" we test the trading prowess of some of the most promising business students in the nation. This week they’re from Boston College, William and Mary, Marquette and Wake Forest.
Get ready – school’s in session.
Our business school students have been given the questions in advance, and have 30 seconds to answer.
Grad #1: John from Boston College’s Carroll School of Management
John has raised over $10,000 for the Doug Flutie Foundation for Autism and also received the Anne C. Murphy Award for Leadership and Service.
Here’s the scenario: After the frustrating meetings this week, Senator Chuck Schumer gets his way and Congress passes legislation imposing a 28% tariff on all Chinese imports to punish the country for keeping controls on their currency. What are you buying, what are you serlling as this scenario unfolds?
John is selling electronic retailers such as Radio Shack (RSH) and also Wal-Mart (WMT) because they import from China. He’s buying Cypress Semiconductor (CY) which manufactures chips in the US.